Bitcoin adaption in Turkey - page 2.

OcTradism

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Quote from: ImThour on November 12, 2023, 08:16:48 AM

Something huge will be happening in the next 2 years and that news will make it Bitcoin cross $100k per Bitcoin. I suspect it will have something to do with Apple or Google.

What did you think about big news for Bitcoin from Google or Apple next two years?

Is it something similar to Tesla accepted Bitcoin with Elon Musk's attempt to pump Bitcoin 2 years ago?

Quote from: serjent05 on November 13, 2023, 07:04:44 PM

Care to share information or some rumor that Bitcoin will cross $100k because of Apple or google in the next 2 years?

Maybe Google and Apple will announce "Since today, we will accept Bitcoin as one of payment method for all products we have". It's my speculative narrative thinking today but I will not feel surprised if more companies including Google or Apple accept Bitcoin in future. They will not be able to stay away from the global trend.

Quote

If there is a catalyst, surely it will be the halving and the ETF approval that will make Bitcoin price surge to the point of creating a new ATH.

Bitcoin Spot ETF approval probability has been used as a biggest catalyst to hype the Bitcoin community latest months. In 2024, we might have or might not have any Bitcoin Spot ETF but I strongly believe we will certainly have a Bitcoin bull run. Bitcoin Spot ETF approval or no approval at all, is not the only or a main force for Bitcoin bull run. Halving and Bitcoin adoption in many areas (not only Bitcoin Spot EFT) are more important.

GreatArkansas

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Quote from: yhiaali3 on November 12, 2023, 11:20:29 PM

I also hope to immigrate to a country that is friendly to Bitcoin and cryptocurrencies, not Turkey specifically, but any country where working in such things is easier and provides a suitable environment for crypto.
(....)

I can see the country that will fit what you are saying is El Salvador, we all know they are the first country that made Bitcoin a legal tender. But for me, they are still adjusting. And since Bitcoin is still new, for me it's like El Salvador is in Beta mode.
While in Turkey, we all know their current financial status but this Bitcoin adaption there is still new and not fully acknowledged by the government, but we will get there, trust the process.

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Quote from: ImThour on November 12, 2023, 08:16:48 AM

Bitcoin is international, adoption is slow however still pretty visible and I am sure, every country is using Bitcoin and Crypto as of now and 2024-25 will be the greatest years for Bitcoin and other Cryptocurrencies because of the price target it's getting ready for.

I beg to disagree that every nation is using Bitcoin and crypto. If we look on the internet, there are still lots of countries that is not using Bitcoin, some of them even Banned Bitcoin. It is not the cryptocurrency that is used by countries but many countries are keen to take advantage of blockchain technology. So I guess it is misinformation to say every country is using Bitcoin and Crypto. Maybe it would hold true if we say that there are possibly citizens of every nation that is into Bitcoin and cryptocurrency.

Quote from: ImThour on November 12, 2023, 08:16:48 AM

Something huge will be happening in the next 2 years and that news will make it Bitcoin cross $100k per Bitcoin. I suspect it will have something to do with Apple or Google.

Care to share information or some rumor that Bitcoin will cross $100k because of Apple or google in the next 2 years? If there is a catalyst, surely it will be the halving and the ETF approval that will make Bitcoin price surge to the point of creating a new ATH.

n00ber

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Quote from: ZAINmalik75 on November 13, 2023, 02:22:19 PM

Quote from: CoinFoxs on November 13, 2023, 07:56:45 AM

Bitcoin can exchange in turkey through different exchangers and ATMs due to the popularity of bitcoin in turkey but the turkish government is not completely regulated bitcoin as digital currency.

Turkey is one of the emerging countries which need to work on this technology because this can bring good fortune with huge investments as well which they needed in current era as we have many in developed countries in European Union.

Currently, restrictions and limits are having some problems for the common peoples but still they are doing impressive job and their current adoption is also on good run hopefully they will keep work on for the improvement of rules which will give more independence to peoples for joining this community specially as we are having good development in gaming industry things like these can bring good changes.

It's time for merchandise to bring this as payment system because this can bring more awareness, and surely, they will feel good after having this all with fairness and improvement in many other fields as well.

Is Türkiye an emerging country? I don't understand what you are trying to say. Cryptocurrencies became popular in Turkey many years ago and if I remember correctly, I also read a similar article about cryptocurrencies being very popular there in 2021. The main reason is said to be double-digit inflation there and people have looked to bitcoin and cryptocurrency as a solution. The people of that country have no other solution and consider cryptocurrency as the last solution. As for the government, they have never shown any interest in cryptocurrencies.

C-Falcon

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No wonder Turks turned into bitcoin after seeing their currency hyperinflated
Anyone has an update on the current situation in Turkey? Has Erdogan managed to get inflation under control?

DaNNy001

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Quote from: Stalker22 on November 12, 2023, 05:46:08 PM

A lot of places have had to deal with limitations on crypto, but people are still hopeful that one day Bitcoin will be more accepted everywhere. For folks in countries where it is not embraced yet, Bitcoin can still give you some freedom. and Governments might try to control it but they cannot ever fully do that since Bitcoin is decentralized. So even if your country doesnt approve trading crypto through brokers or whatever, you will always be able to use private wallets and do peer-to-peer trading.

And this is exactly the case with my country over here because we are currently the highest consumer and users of crypto and Bitcoin to be specific. At first the government taught they can actually put a limitation to use of crypto in the country but just as you have said people still do use it to the very peak and there has been no relent to it's usage and instead it even increased the volume of people that actually transact with people and major CEX like binance and so many more has all been the major contributory factor to this.

ZAINmalik75

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Quote from: CoinFoxs on November 13, 2023, 07:56:45 AM

Bitcoin can exchange in turkey through different exchangers and ATMs due to the popularity of bitcoin in turkey but the turkish government is not completely regulated bitcoin as digital currency.

Turkey is one of the emerging countries which need to work on this technology because this can bring good fortune with huge investments as well which they needed in current era as we have many in developed countries in European Union.

Currently, restrictions and limits are having some problems for the common peoples but still they are doing impressive job and their current adoption is also on good run hopefully they will keep work on for the improvement of rules which will give more independence to peoples for joining this community specially as we are having good development in gaming industry things like these can bring good changes.

It's time for merchandise to bring this as payment system because this can bring more awareness, and surely, they will feel good after having this all with fairness and improvement in many other fields as well.

CoinFoxs

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Bitcoin can exchange in turkey through different exchangers and ATMs due to the popularity of bitcoin in turkey but the turkish government is not completely regulated bitcoin as digital currency.

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Quote from: Casdinyard on November 12, 2023, 05:01:13 PM

Time to move to Turkiye I guess lol.
Kidding aside, I don't blame your country for having a cloudy vision of what bitcoin is, hence the banning and the illegalization.
~snip~

Before you move to some promised "crypto country", I would advise you to learn to read with understanding, because then you might understand what someone wrote. OP is not from Türkiye at all, and I think that is more than clear.

Quote from: UmerIdrees on November 12, 2023, 04:57:03 AM

Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.

It's fascinating to see how people react to the word "adaptation" and consider a country desirable because it has a physical crypto exchange, without even asking what the fee is for buying/selling cryptocurrencies in such exchanges. If they paid 5% or more fees, they would quickly stop liking that adaptation.

Fiatless

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Quote from: tranthidung on November 12, 2023, 10:32:40 AM

Turkey is very cryptocurrency friendly and it has good Crypto Adoption Index according to The 2023 Global Crypto Adoption Index: Central & Southern Asia Are Leading the Way in Grassroots Crypto Adoption.

Most of these indexes published by many of these research organizations like chainanalysis might be lopsided or faulty because they use data from exchanges and web traffic which cannot be reliable means of data collection and analysis. However, I do not doubt that Turkey might have a high population of crypto users because of inflation and depreciation of the Lira. As of 2018 one Lira was equal to 4.5 dollars but today it is $28.5. So it's normal for citizens to seek other means of protecting their money from loss of value.

However, the main indicator to check the friendliness of a country towards cryptocurrency is government policies. If the government bans or restricts its use most people will never want to get involved in it because of the fear of persecution or even imprisonment. Unfavorable government policies will limit the investment and development of the sector.

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I also hope to immigrate to a country that is friendly to Bitcoin and cryptocurrencies, not Turkey specifically, but any country where working in such things is easier and provides a suitable environment for crypto.

In any case, I think that the Turkish government is still far from accepting Bitcoin officially. I think they have some laws regulating such matters, but like all central governments, the last thing they will think about is accepting Bitcoin officially.

In my country, these things are not allowed and all those who work with Bitcoin and cryptocurrencies work in secret, so I hope that one day I will see such manifestations in my country.

Fundamentals Of

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As much as we're all disappointed, I think there's this kind of doubt or lack of support for Bitcoin in many countries, even in those countries where people freely use Bitcoin. We have read all over the news how lawmakers in certain countries are lobbying policies that are considered anti-Bitcoin. There are also those countries where Bitcoin is declared haram. There are even countries where Bitcoin is banned. In other countries, tax and other regulations are strict against Bitcoin. But all these I believe are just challenges of a currency that is truly free.

ThemePen

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I can feel your disappointment. Because we are from same country. It is disheartening to see neighbor countries are accepting crypto while our own government considers it illegal. I also desire to migrate to a crypto friendly country where we can freely engage freely in this technology.

Well, not today but I think our government will accept the importance of Blockchain technology and I hope our government make some good decisions and will regulate the cryptocurrencies in our country. So let's see when they will do this?

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Quote from: UmerIdrees on November 12, 2023, 04:57:03 AM

Recently I found a vlog from Turkey where we can see that there are places in Turkey where people can exchange bitcoin and crypto from the shops. just like we can exchange foreign currency with the exchangers. people in Turkey can exchange these from physical shops and it shows that bitcoin is widely accepted in Turkey.

Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.

You can buy or sell Bitcoin in most of the countries, Türkiye is not special about that. You still can't use Bitcoin or other crypto-currencies for shopping. These exchanges you see on the video are no different than traditional currency exchanges. You give your BTC instead of USD/EUR etc. and you get TRY.
I wouldn't call Türkiye crypto friendly country.

BitDane

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Quote from: UmerIdrees on November 12, 2023, 04:57:03 AM

Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.

It is not surprising to see government take a hostile step towards cryptocurrency. We all know that they wanted to control the flows of finance in their jurisdiction, I just wished that those government that had not yet banned Bitcoin will have an open mind and understand and acknowledge the benefits people get from using Bitcoin. And for those that already banned Bitcoin, I hope they can make some consideration. Sometime government goes under the disguise of protecting their citizen in order to persuade people that they are doing such things for the people but the truth is that, they are doing it for their own benefit of controlling the activities of their citizen.

I am glad that I am living in a Bitcoin friendly country, so if you are looking for a country that is Bitcoin friendly and have cheaper cost of commodities in reference to your country's cost, you can try moving to the Philippines Grin

. People are friendly here and we have the Bitcoin Island where most of stalls are accepting Bitcoin.

Stalker22

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A lot of places have had to deal with limitations on crypto, but people are still hopeful that one day Bitcoin will be more accepted everywhere. For folks in countries where it is not embraced yet, Bitcoin can still give you some freedom. and Governments might try to control it but they cannot ever fully do that since Bitcoin is decentralized. So even if your country doesnt approve trading crypto through brokers or whatever, you will always be able to use private wallets and do peer-to-peer trading.

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Time to move to Turkiye I guess lol.

Kidding aside, I don't blame your country for having a cloudy vision of what bitcoin is, hence the banning and the illegalization. For one, smear campaigns have run their course outside the crypto industry, and with the advent of retards like SBF ruining the reputation of crypto for their personal gain, there's a lot of reasons why your country would hate on bitcoin and crypto. Could it also be possible that they are pushing for something that could lead to the legalization of bitcoin in your country anyway? That happened in the Philippines you know. I think you really just need time and patience, some of these countries are still wrapping their heads around the concept of crypto, and from a legal standpoint many cryptocurrencies are a little hard to figure out, give it time my friend, pretty sure things will fall into place just as how it did with Turkiye.

Y3shot

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Quote from: ImThour on November 12, 2023, 08:16:48 AM

Bitcoin is international, adoption is slow however still pretty visible and I am sure, every country is using Bitcoin and Crypto as of now and 2024-25 will be the greatest years for Bitcoin and other Cryptocurrencies because of the price target it's getting ready for. Something huge will be happening in the next 2 years and that news will make it Bitcoin cross $100k per Bitcoin.

I suspect it will have something to do with Apple or Google.

I think almost every country faced the restrictions of making use of bitcoin, and every country still have a wonderful day that bitcoin will be accepted. People who are in country that they can not make use of bitcoin, I'll just advice them to just get ready for bitcoin because a day is coming when the government will accept it as currency, and those who have already be anticipating to use bitcoin, it won't be as a surprise to them or a pressure for them to learn bitcoin for them to benefit bitcoin very well. Bitcoin will reach every region no matter how strict the government may be.

karabiber

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Cryptocurrency use is very common in Turkey. Because people prefer cryptocurrencies against the weakness of the local currency. As a result, cryptocurrency exchange offices are opening just like currency exchange offices. The rapid spread of cryptocurrency exchanges facilitates the adoption of cryptocurrencies in Turkey. There is no crypto law or licensing for crypto asset service providers in Turkey yet, but Crypto Asset Service Provider firms must comply with the financial rules set by Turkey. I am not sure if cryptocurrency exchange offices enforce KYC requirements on their clients, maybe many of them are illegal. Turkey will soon introduce a tax on cryptos and this will have negative consequences for cryptocurrency exchange businesses. They will be registered with mandatory licensing.

HideYourKeys

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When the fiat currency devaluation becomes apparent to people, normies start to realize that they have to find alternatives. Bitcoin or metals are a good alternative, and I bet we will see an increasing demand of those goods in the coming years

Topic: Bitcoin adaption in Turkey - page 2. (Read 439 times)