Bitcoin adaption in Turkey | Bitcointalksearch.org

BitcoinsGreat

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Quote from: Blitzboy on November 17, 2023, 10:51:13 PM

Creating a Bitcoin market in Turkey shows the government's progress. Does it look good? Obtaining legal approval demonstrates positive user acceptance. You're right about digital vs. physical commerce. Users desire choices, therefore flexibility is key. Physical exchanges can comfort some crypto enthusiasts.

This move is the start of a trend. Could other countries do the same thing, maybe by tweaking their laws to make the world a better place for crypto? This could change everything, letting more people accept digital currencies and use them in regular banking. It feels like we're seeing the start of a big change in the way the world's finances work. And hey, users shouldn't have to deal with too much trouble as long as these trades follow the law. You know how important it is to find that perfect balance?

Isn't it the same in Dubai too as they are also crypto-friendly country? I think you will find these crypto exchanges working openly where there are no restrictions in using the crypto and also where the crypto is made legal in the countries. Although not many countries support bitcoin and cryptocurrencies but where these are supported, these physical exchanges can be found there.

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Quote from: Litzki1990 on November 16, 2023, 10:05:17 PM

Quote from: Smack That Ace on November 14, 2023, 08:13:22 AM

Quote from: Litzki1990 on November 14, 2023, 06:13:32 AM

We have to use virtual exchange to buy and sell other currencies including Bitcoin but there are physical shops in Turkey to buy and sell other digital currencies including Bitcoin which is really a joy for Turkish people. Never imagined to see such a physical crypto exchange in Turkey. However, this is good news for crypto people. Since the owner of this physical exchange thought differently and built a physical exchange in Turkey, I believe he will have more success if he can keep his physical crypto exchange. This physical crypto exchange in Turkey will be the center of attraction for most crypto currency users.

But using a physical exchange takes away our privacy, and most bitcoin investors are very concerned about privacy. Even the fact that we use KYC on centralized exchanges makes many people afraid and strongly oppose it. So I don't really know if this is a good thing or not, because as long as you go directly to the physical exchange to buy and sell, it will be much easier for the police or others to track you down. So it can be said that the appearance of these physical shops is not necessarily good news, and not everyone likes it, especially those who value privacy.

Since such a physical exchange has been built in Turkey, I assume that some person or organization may have built such a physical exchange in their country after overcoming all the legal complications. If Bitcoin were illegal in Turkey, the administration would never have allowed such a physical exchange to be built. Since the administration has allowed such physical exchanges to be built, I don't think trading on these exchanges will cause harassment to a user. Besides physical exchange every use has digital exchange if a person feels that physical exchange will not be right for him then he can use digital exchange. However, since such exchanges have been created with the permission of the administration, the transaction should not be a big problem.

Creating a Bitcoin market in Turkey shows the government's progress. Does it look good? Obtaining legal approval demonstrates positive user acceptance. You're right about digital vs. physical commerce. Users desire choices, therefore flexibility is key. Physical exchanges can comfort some crypto enthusiasts.

This move is the start of a trend. Could other countries do the same thing, maybe by tweaking their laws to make the world a better place for crypto? This could change everything, letting more people accept digital currencies and use them in regular banking. It feels like we're seeing the start of a big change in the way the world's finances work. And hey, users shouldn't have to deal with too much trouble as long as these trades follow the law. You know how important it is to find that perfect balance?

legendbtc

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Quote from: Litzki1990 on November 16, 2023, 10:05:17 PM

Quote from: Smack That Ace on November 14, 2023, 08:13:22 AM

Quote from: Litzki1990 on November 14, 2023, 06:13:32 AM

We have to use virtual exchange to buy and sell other currencies including Bitcoin but there are physical shops in Turkey to buy and sell other digital currencies including Bitcoin which is really a joy for Turkish people. Never imagined to see such a physical crypto exchange in Turkey. However, this is good news for crypto people. Since the owner of this physical exchange thought differently and built a physical exchange in Turkey, I believe he will have more success if he can keep his physical crypto exchange. This physical crypto exchange in Turkey will be the center of attraction for most crypto currency users.

But using a physical exchange takes away our privacy, and most bitcoin investors are very concerned about privacy. Even the fact that we use KYC on centralized exchanges makes many people afraid and strongly oppose it. So I don't really know if this is a good thing or not, because as long as you go directly to the physical exchange to buy and sell, it will be much easier for the police or others to track you down. So it can be said that the appearance of these physical shops is not necessarily good news, and not everyone likes it, especially those who value privacy.

Since such a physical exchange has been built in Turkey, I assume that some person or organization may have built such a physical exchange in their country after overcoming all the legal complications. If Bitcoin were illegal in Turkey, the administration would never have allowed such a physical exchange to be built. Since the administration has allowed such physical exchanges to be built, I don't think trading on these exchanges will cause harassment to a user. Besides physical exchange every use has digital exchange if a person feels that physical exchange will not be right for him then he can use digital exchange. However, since such exchanges have been created with the permission of the administration, the transaction should not be a big problem.

Maybe there will be no trouble when we exchange bitcoins at those physical exchanges but the problem is that our privacy will not be private anymore. We will never know what governments will do with cryptocurrencies in the future. They can accept it, or ban it at any time they feel it is disadvantageous for them. So let's not be subjective that if they legalize it, we will be safe when openly using bitcoin. Personally, I would never trade bitcoins in public places even if bitcoins were legal in my country.

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Quote from: Bitcoin_people on November 16, 2023, 10:25:33 PM

What we see here is that it is a crypto exchange shop, where various crypto currencies including Bitcoin are exchanged. However, Turkish people will benefit a lot from exchanging bitcoins here and it is a very good initiative. But this goal is not bad, but no goods are sold here, only virtual currencies are exchanged for local currency. If you want to buy goods with bitcoins, you must go to a store that accepts bitcoins. But in my country bitcoin is a legal offense for which bitcoins are not accepted anywhere, and there are no crypto exchanges and stores.

Turkish people already use big exchanges such as TRBinance and BTCTürk and deposit/withdraw/trade with low fees. Why would anybody want to use these shops and pay high fees? These are built for tourists.
Exchanging any amount of coins you want in a foreign country for the local currency without having to answer to anyone attracts many tourists. They don't mind paying 5-10% commission, unlike local people.

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What we see here is that it is a crypto exchange shop, where various crypto currencies including Bitcoin are exchanged. However, Turkish people will benefit a lot from exchanging bitcoins here and it is a very good initiative. But this goal is not bad, but no goods are sold here, only virtual currencies are exchanged for local currency. If you want to buy goods with bitcoins, you must go to a store that accepts bitcoins. But in my country bitcoin is a legal offense for which bitcoins are not accepted anywhere, and there are no crypto exchanges and stores.

Litzki1990

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Quote from: Smack That Ace on November 14, 2023, 08:13:22 AM

Quote from: Litzki1990 on November 14, 2023, 06:13:32 AM

We have to use virtual exchange to buy and sell other currencies including Bitcoin but there are physical shops in Turkey to buy and sell other digital currencies including Bitcoin which is really a joy for Turkish people. Never imagined to see such a physical crypto exchange in Turkey. However, this is good news for crypto people. Since the owner of this physical exchange thought differently and built a physical exchange in Turkey, I believe he will have more success if he can keep his physical crypto exchange. This physical crypto exchange in Turkey will be the center of attraction for most crypto currency users.

But using a physical exchange takes away our privacy, and most bitcoin investors are very concerned about privacy. Even the fact that we use KYC on centralized exchanges makes many people afraid and strongly oppose it. So I don't really know if this is a good thing or not, because as long as you go directly to the physical exchange to buy and sell, it will be much easier for the police or others to track you down. So it can be said that the appearance of these physical shops is not necessarily good news, and not everyone likes it, especially those who value privacy.

Since such a physical exchange has been built in Turkey, I assume that some person or organization may have built such a physical exchange in their country after overcoming all the legal complications. If Bitcoin were illegal in Turkey, the administration would never have allowed such a physical exchange to be built. Since the administration has allowed such physical exchanges to be built, I don't think trading on these exchanges will cause harassment to a user. Besides physical exchange every use has digital exchange if a person feels that physical exchange will not be right for him then he can use digital exchange. However, since such exchanges have been created with the permission of the administration, the transaction should not be a big problem.

laurenB7742

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Quote from: bayu7adi on November 14, 2023, 08:29:44 AM

Quote from: laurenB7742 on November 14, 2023, 04:07:49 AM

I also see many people claiming that they want to move to countries where bitcoin is legal but I'm skeptical of the people making that claim. I don't believe that just because they want to use bitcoin as currency, they will leave their homeland and relatives to go there. They would never do it but they always talk about it. Furthermore, are our lives so boring that they revolve around bitcoin and nothing else? Would we die without it? Such thoughts only show our lack of maturity rather than receiving everyone's support.

People easily fall in love just because the government allows the use of crypto, without considering other regulations that might make them regret living in that country.

Doesn't anyone notice the transportation chaos in Turkey, with daily traffic jams? Istanbul is even among the most crowded cities globally, so it's no surprise that transportation in Turkey is congested every day.

Moreover, Turkey's neighbors are conflict-prone countries. Although the conflict level in Turkey is low, unforeseen bad things could happen.

The horrifying thing in Turkey is the very high level of violence against women. Some online media data explained that at least in 2020, over 300 women died due to murder. The actual number is likely higher because some cases are covered up as suicides.

Even though Bitcoin is accepted in Turkey, is it ready to accept other harsh realities that exist?

read more
https://www.bbc.com/indonesia/dunia-65773757
https://www.viva.co.id/gaya-hidup/travel/1428497-10-fakta-kehidupan-di-turki-no-9-bikin-geleng-kepala?page=4
https://www.dailysabah.com/turkey/istanbul/istanbul-tops-list-of-cities-with-worst-traffic-congestion
https://en.wikipedia.org/wiki/Femicide_in_Turkey

Not to mention inflation there is in double digits and people's lives there are extremely difficult, I don't think moving to countries with high inflation to live is a wise idea. To me, people who claim to want to move to countries where bitcoin is legal seem to be just trying to lie to please a few forum members rather than actually wanting it. Furthermore, I don't know how it is in other countries, but moving to another country to live in my country is not simple. From differences in language, culture, society... there are too many things that need to be resolved, not just bitcoin.

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 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.

This is fantastic, and I'm glad to see more businesses expressing interest in bitcoin and accepting bitcoin payments and exchange. I've never seen one in my area before, possibly because it's a developing country, but I hope to see people embrace bitcoin soon now that they understand what it is and the advantages it has over other currencies now in use. Establishing of such businesses could also be unlikely if the government rules are not nice or their fee for conversion or payment is higher than the exchange people are more familiar with.

Quote

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.

Not everything that glitters is gold. Don't be easily misled that what you see in other parts of the world is genuinely that cool with the people who live there. Why not, now that you're in your place and know your surroundings better than anyone else, search for a method to make your community more crypto-friendly by involving one or two government officials who can help you push through. Life outside the home is not always pleasant if you are not adequately prepared to meet the challenges of the outside world.

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People pointed out that Bitcoin isn't fully accepted in Turkey and that it's actually illegal to use Bitcoin as a currency, which contrasts with the vlog experience. I've googled it, and it does seem to be prohibited to use Bitcoin as a form of payment in Turkey.
I don't speak Turkish, unfortunately, but it seems to me that the vlog is about a possibility to exchange Bitcoin for local fiat, right? That's not the same as using it as a form of payment.
Another explanation might be that it's not technically legal, but the law isn't enforced. It's like that in some countries which are a bit less formal and more chaotic. In my country, it's like that with piracy of movies and TV shows, for example. Is that illegal? Yes, absolutely. But some people don't even know it's illegal because that law is never enforced, there's zero actual risk of doing that, and the practice is very widespread.

bayu7adi

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Quote from: laurenB7742 on November 14, 2023, 04:07:49 AM

I also see many people claiming that they want to move to countries where bitcoin is legal but I'm skeptical of the people making that claim. I don't believe that just because they want to use bitcoin as currency, they will leave their homeland and relatives to go there. They would never do it but they always talk about it. Furthermore, are our lives so boring that they revolve around bitcoin and nothing else? Would we die without it? Such thoughts only show our lack of maturity rather than receiving everyone's support.

People easily fall in love just because the government allows the use of crypto, without considering other regulations that might make them regret living in that country.

Doesn't anyone notice the transportation chaos in Turkey, with daily traffic jams? Istanbul is even among the most crowded cities globally, so it's no surprise that transportation in Turkey is congested every day.

Moreover, Turkey's neighbors are conflict-prone countries. Although the conflict level in Turkey is low, unforeseen bad things could happen.

The horrifying thing in Turkey is the very high level of violence against women. Some online media data explained that at least in 2020, over 300 women died due to murder. The actual number is likely higher because some cases are covered up as suicides.

Even though Bitcoin is accepted in Turkey, is it ready to accept other harsh realities that exist?

read more
https://www.bbc.com/indonesia/dunia-65773757
https://www.viva.co.id/gaya-hidup/travel/1428497-10-fakta-kehidupan-di-turki-no-9-bikin-geleng-kepala?page=4
https://www.dailysabah.com/turkey/istanbul/istanbul-tops-list-of-cities-with-worst-traffic-congestion
https://en.wikipedia.org/wiki/Femicide_in_Turkey

HelliumZ

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Bitcoin is a universally accepted currency but not all countries in the world recognize Bitcoin equally. Different countries of the world have recognized it in the parliament but it does not give acceptance among the public. There are some countries that work for public acceptance and adaptation in addition to recognition in parliament. Bitcoin acceptance in Turkestan is truly one such universalAcceptable steps have been taken that other countries of the world, especially the predominantly Muslim country of Turkey, will see the acceptance of Bitcoin, which will remove anti-Bitcoin attitude among them. Hope we Muslims don't have a hostile attitude among ourselves about the use and acceptance of Bitcoin.

Smack That Ace

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Quote from: Litzki1990 on November 14, 2023, 06:13:32 AM

We have to use virtual exchange to buy and sell other currencies including Bitcoin but there are physical shops in Turkey to buy and sell other digital currencies including Bitcoin which is really a joy for Turkish people. Never imagined to see such a physical crypto exchange in Turkey. However, this is good news for crypto people. Since the owner of this physical exchange thought differently and built a physical exchange in Turkey, I believe he will have more success if he can keep his physical crypto exchange. This physical crypto exchange in Turkey will be the center of attraction for most crypto currency users.

But using a physical exchange takes away our privacy, and most bitcoin investors are very concerned about privacy. Even the fact that we use KYC on centralized exchanges makes many people afraid and strongly oppose it. So I don't really know if this is a good thing or not, because as long as you go directly to the physical exchange to buy and sell, it will be much easier for the police or others to track you down. So it can be said that the appearance of these physical shops is not necessarily good news, and not everyone likes it, especially those who value privacy.

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Found a crypto exchange in a country and drawing a conclusion that crypto is widely accepted in that country is very wrong. The main reason why there is a crypto exchange in a country is because crypto is not a legal tender, no one should use it as a payment method, that's why the crypto exchange exist, if you can directly shop with crypto then crypto exchange is not needed. And I believe that's the case for Turkey as well, it's illegal to use crypto as payment, therefore you need to exchange it into local fiat / Turkish Lira to make payment.

Litzki1990

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We have to use virtual exchange to buy and sell other currencies including Bitcoin but there are physical shops in Turkey to buy and sell other digital currencies including Bitcoin which is really a joy for Turkish people. Never imagined to see such a physical crypto exchange in Turkey. However, this is good news for crypto people. Since the owner of this physical exchange thought differently and built a physical exchange in Turkey, I believe he will have more success if he can keep his physical crypto exchange. This physical crypto exchange in Turkey will be the center of attraction for most crypto currency users.

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Quote from: naira on November 14, 2023, 12:09:37 AM

Quote from: UmerIdrees on November 12, 2023, 03:57:03 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 seems like you don't really consider this, if you feel like you're moving to another place just to pursue one obsession then you won't be able to survive any longer. Talking about the government and its support for the crypto industry is better than banning it. There is no need to rush because the government's decision will involve many things, not just acceptance. The state must have control over economic growth. Apart from that, I will not make the decision to move elsewhere if in my country the adoption of crypto and Bitcoin is legalized, I mean legal as a commodity asset on par with other investment assets is considered enough rather than nothing. I understand your goal of wanting to see every country open and accepting Bitcoin payments like Elsavador, but every country has various economic problems, basic needs that need to be fixed immediately. It's not focused on just one achievement, so I'm not sure you want to move to another country just to enjoy transactions using Bitcoin alone. Surviving means you will be exposed to many new things and very different habits such as where you live, rules, adaptation, dealing with citizenship transfers, etc.

Why not just go on holiday to a place that accepts Bitcoin payments and enjoy it.

I also see many people claiming that they want to move to countries where bitcoin is legal but I'm skeptical of the people making that claim. I don't believe that just because they want to use bitcoin as currency, they will leave their homeland and relatives to go there. They would never do it but they always talk about it. Furthermore, are our lives so boring that they revolve around bitcoin and nothing else? Would we die without it? Such thoughts only show our lack of maturity rather than receiving everyone's support.

You are right, each country will have different economic problems, we cannot expect our country to be the same as other countries. Furthermore, if we believe in the future of bitcoin, we just need to wait because I believe. Sooner or later, all countries will have to accept bitcoin, bitcoin is inevitable.

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 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.

I get your point. Yes, it's good for people who use bitcoin or any other crypto currency to move to a country where crypto currency is being accepted or adopted, but of course that's not easy. Migrating to another country requires a lot of things to consider, like the living costs, etc. And I think saying that the whole country is adopting crypto is not only part of the turkey country; it depends on the businesses and establishments, but of course we are grateful that we see something like this; this makes us proud to be part of an advanced community and technology.

I too want a crypto-friendly country, but it's much more rewarding if it's from our own country or home country. We dreamed of it, and like that, many people adopt and use bitcoin or crypto currency because it means that we are close to a more advanced technology when it comes to currency.

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 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.

They operate similarly to currency exchange offices. You can convert your Bitcoins into TL, dollars and euros for a certain commission. Cryptocurrency use is quite common in Turkey, but there are no laws regarding shopping.

As in many countries, there is no harm in buying and selling Bitcoin in Turkey. There are many local cryptocurrency exchanges. I don't think there will be a ban on this situation.

I would like to see the day when it will be possible to shop with Bitcoin after the necessary laws or regulations are determined. I hope it will happen.

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 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 seems like you don't really consider this, if you feel like you're moving to another place just to pursue one obsession then you won't be able to survive any longer. Talking about the government and its support for the crypto industry is better than banning it. There is no need to rush because the government's decision will involve many things, not just acceptance. The state must have control over economic growth. Apart from that, I will not make the decision to move elsewhere if in my country the adoption of crypto and Bitcoin is legalized, I mean legal as a commodity asset on par with other investment assets is considered enough rather than nothing. I understand your goal of wanting to see every country open and accepting Bitcoin payments like Elsavador, but every country has various economic problems, basic needs that need to be fixed immediately. It's not focused on just one achievement, so I'm not sure you want to move to another country just to enjoy transactions using Bitcoin alone. Surviving means you will be exposed to many new things and very different habits such as where you live, rules, adaptation, dealing with citizenship transfers, etc.

Why not just go on holiday to a place that accepts Bitcoin payments and enjoy it.

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Quote from: Fiatless on November 12, 2023, 11:25:47 PM

Quote from: tranthidung on November 12, 2023, 09:32:40 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.

If you don't think these data and analyzes are unreliable, then what do you base your belief that Turkey has a high number of cryptocurrency users? Maybe that data and analysis is not 100% accurate, but it also accurately reflects what is happening in Turkiye.
With a high inflation rate of up to 83%, their currency was severely devalued and the government could not come up with any effective solution to stop inflation. It is natural for people to look for solutions to save themselves. Furthermore, other than cryptocurrencies, I don't see any effective solutions for people living in countries with high inflation.

If the government cannot control inflation and cannot help people's lives, then they have no right to prohibit anyone from trying to find their own way out of suffering. I believe that even if the government issues a ban, it will not stop people from participating in cryptocurrency because it is a way for them to save themselves.

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Turkey is one of the countries that trade bitcoin at heavy
"It is estimated that over 4.6 million people, 5.5% of Turkey’s total population, currently own cryptocurrency.

Crypto Market Sentiment in Turkey
At times the Turkish lira has, in fact, proved to be more volatile than bitcoin. Turkey’s inflation rate recently surpassed 83%(3), a 24-year high. Moreover, salaries often do not keep up with inflation, meaning earners have decreasing purchasing power.

As such, many see crypto as a refuge from Turkey’s sky-high inflation and the steep devaluation of the lira. For a culture used to investment alternatives like U.S. dollars or gold, it is not hard for the Turkish population to trust another alternative, which is crypto.

The daily trading volume of Turkey’s first cryptocurrency platform BtcTurk reached around $424.3 million in May 2022, according to CoinGecko data, while another local Turkish platform, Paribu, had a trading volume of $203.5 million. Global exchanges like Binance and Coinbase also operate in Turkey. " - https://triple-a.io/crypto-ownership-turkey-2022/

So no wonder the bitcoin adaption is crazy there in fact 5% of total population is a lot in my opinion you know what sooner or later bitcoin is gain the popularity all over the world

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Quote from: ImThour on November 12, 2023, 07:16:48 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, 06:04:44 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.

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Quote from: yhiaali3 on November 12, 2023, 10:20:29 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, 07:16:48 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, 07:16:48 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.

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Quote from: ZAINmalik75 on November 13, 2023, 01:22:19 PM

Quote from: CoinFoxs on November 13, 2023, 06:56:45 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.

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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?

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Quote from: Stalker22 on November 12, 2023, 04:46:08 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.

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Quote from: CoinFoxs on November 13, 2023, 06:56:45 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.

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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, 04:01:13 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, 03:57:03 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.

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Quote from: tranthidung on November 12, 2023, 09:32:40 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.

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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.

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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, 03:57:03 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.

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 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.

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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.

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Quote from: ImThour on November 12, 2023, 07:16:48 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.

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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.

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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

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Quote from: Ale88 on November 12, 2023, 07:55:25 AM

While I agree with you at the same time I can also understand the frustration of the OP: maybe you live in a first world country run by an actual democracy, so you have all the rights to protest against your government and your politicians but unfortunately in many other places in the world is not like that, it could even cost your life.

Sure, the grass might be greener on the other side, but let's not forget, someone had to do the planting and watering – it didn't just magically happen!

I don't want to turn this into some big political discussion, but I'm old enough to remember that we haven't always had democracy here. We had to fight and bleed for our freedom just over 30 years back. Not saying that everyone has to go through the same, but if the powers that be are messed up, it's on the people to change that. The people got the real power, they just gotta realize it and take it.

I know it ain't always so simple and protests are risky. But freedom ain't free and sitting quiet means youre part of the problem. At some point enough good folks gotta stand together and say No more.

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 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 hard for a government to completely eliminate Crypto-currency from a country. I am from a country that the government aren't friendly or permissive to Crypto-currency and they have made strong approaches against crypto-currency enthusiast but still we are amongst the top countries why crypto-currency is growing rapidly, so many parts of Crypto-currency is decentralized, and if you explore the decentralized nature of crypto-currency you should have no problem with any government actions against Crypto.

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There is no much different from the decentralized exchange platforms online. And instead of going there to waste your time if you are not close to the shop, you pay transport and also might be stressful so I will prefer the use of online exchange platforms to do my exchange. But they have online platform it will be better to use their website and the physical office can be a customers complain center. Bitcoin is not a Physical Currency so it is not good to do exchange in a physical office. And that is not adoption of bitcoin in Turkey but before that ship boldly written that at the front the shop then the government is aware even though they have not officially adopted it. If Turkey adopt bitcoin as a legal tender in the country then news will broadcast it and everyone will hear. But for now it is not.

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Quote from: UmerIdrees on November 12, 2023, 06:10:21 AM

I do not live in Turkey so could not know the ground reality but this vlog and this post by EFS are contradicting ones. If somehow we believe that governments does not favor the bitcoin adoption and it is illegal to use bitcoin in Turkey, then how come these bitcoin and crypto exchangers are able to open up public exchangers?
~snip~

It's strange that you don't understand that Türkiye has banned Bitcoin as a payment currency, which means that it cannot legally be used to pay for goods and services, but at the same time you can buy and sell it for fiat. The same law exists in Thailand, and this is only an indication that some countries want to ban exactly what Bitcoin represents in its idea. For me personally, any country that has such bans is extremely hostile to Bitcoin.

Quote from: tranthidung on November 12, 2023, 09:32:40 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.
~snip~

I have already written that I do not agree with such statements, and all these indexes and analyzes are completely useless if countries like Türkiye or Thailand are ranked so high, while at the same time you can go to prison or pay a fine if you sell or buy something for Bitcoin.

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Turkiye is treating crypto like any other asset. The Turkish Gov. isn't recognizing crypto as a currency and starting from the next year, crypto profits will be taxed. You can buy and sell other currencies with the Turkish Lira all you want and pay zero income tax but that won't happen with btc since the gov thinks it is not a currency. I believe USA also tax crypto profits so I am not sure if the Turkish Gov are really doing the wrong thing here. However, since they don't treat crypto as a currency, that also means the merchants can't accept crypto for their goods&services and that kills a major use case for using crypto. Here lies the big difference between the US and Turkiye. In USA mercs can accept crypto as payment, right?

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 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.

we are in luck because our country does not have any banning issue in bitcoin but we do have also ATM's here and local exchangers , but we still have no adoption at all , we did not even has government stand towards crypto but we are allowed to use exchange and even allow to use crypto in gambling sites.
Turkey is a growing country so if this is allowable to use crypto and exchange ? they are lucky being one so let them enjoy what has given to them.

Quote from: CreepyUncleJoe on November 12, 2023, 08:03:27 AM

It's great to see Bitcoin gaining traction in Turkey! However, given the political situation, considering migration to a more freedom-oriented country does cross my mind.

let go of the political situation and the orientation , because the most important part is the allowing of the use , that is what we are looking from all countries around the world.

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

Sometimes I think we need to migrate to a crypto friendly country.

Even if a Bitcoin/crypto-related company hires you, I'd still not do it without having a proper backup ^{[been there, done that and I regret every bit of it (e.g. I lost more than I gained in those few months)]}!
^{- I'm probably going to sound like a pessimistic person, but nothing guarantees that rules and regulations won't go the other way in the near future.}

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 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.

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.

Their government and central bank plan to make their Turkey Digital Lira. A latest news from Turkey this year.

Quote

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.

Meanwhile, when you can not migrate to another nation, you can use non-KYC exchanges.
https://kycnot.me/

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Quote from: Z-tight on November 12, 2023, 07:14:04 AM

The source link you shared isn't in English, so i don't understand what was said.

Yes, the youtube video cannot be subtitled/texted so it is difficult to understand.

The physical exchange for all types of crypto means it's legal just not allowed to buy products with cryptocurrency then as far as I know Turky still strictly prohibits citizens from doing that unless exchanging into their local currency.

Maybe this is something different, even though physical exchange is not banned by the government the existence of physical stores seems like a big deal in Turkey.
Then migrating to Turkey I think it's still not crypto-friendly.

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But do you know what is the reason behind the popularity of bitcoin and cryptocurrency in Turkiye? That is inflation in their country is too high and people need to find solutions to save themselves instead of waiting for worse policies from the Turkish government. Not only in Turkey, there are also other countries like Brazil and Argentina or countries with double-digit inflation, most bitcoins and cryptocurrencies are very popular there.

Regarding bitcoin adoption, everything takes time and I believe that sooner or later all governments will have to accept and legalize bitcoin.

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Quote from: UmerIdrees on November 12, 2023, 06:10:21 AM

If somehow we believe that governments does not favor the bitcoin adoption and it is illegal to use bitcoin in Turkey, then how come these bitcoin and crypto exchangers are able to open up public exchangers?

It's a currency exchange shop, not selling items that accept crypto payments. That's clearly a different goal, and legal of course.
Maybe they sell goods in their shop, but you have to exchange crypto to Lira first before shopping.
Just like in my country which allows physical or virtual exchange of crypto to fiat before spending on goods or services.

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Quote from: ImThour on November 12, 2023, 07:16:48 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.

Bitcoin adoption is seen in most European countries so it is not unusual to see something like this in Turkey. In countries where Bitcoin is used as a legal currency, such a physical Bitcoin exchange may occur at any time. Bitcoin can be traded online very easily and since Bitcoin is a digital currency and Bitcoin can be used completely anonymously, such a physical Bitcoin exchange is not very important for us. But this news would be very happy for us if new big companies accept Bitcoin as payment or legalize Bitcoin in countries where Bitcoin is still illegal.

Quote from: CreepyUncleJoe on November 12, 2023, 08:03:27 AM

It's great to see Bitcoin gaining traction in Turkey! However, given the political situation, considering migration to a more freedom-oriented country does cross my mind.

Huge amounts of money can be transacted through Bitcoin without incurring any VAT tax or accountability. But for those who do small transactions such physical exchange will be very effective. However, it is indeed highly commendable that a physical bitcoin exchange has been launched in Turkey.

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It's great to see Bitcoin gaining traction in Turkey! However, given the political situation, considering migration to a more freedom-oriented country does cross my mind.

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 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.

Crypto friendliness can be a reason to relocate from your country if you see it as reason enough. You do not need to wait for government to approve the use of bitcoins and change its status, you can relocate if you are comfortable with that and have nothing holding you back.

As someone into bitcoins, it will be great to live and experience life in a place where bitcoin is fully accepted and has no illegal status.

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Quote from: FatFork on November 12, 2023, 05:45:42 AM

You can find physical stores and currency exchanges all over Europe, the US, and parts of Asia where you can just walk up to the counter and buy or sell bitcoin. There's actual staff at the storefront in these locations, not just an ATM machine and I've seen them in busy areas of most major cities in Europe and America. The ones I've visited tend to be grubby little shops down side streets though in some places they're getting more mainstream.

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

Sometimes I think we need to migrate to a crypto friendly country.

Instead of just picking up and migrating to a new country, why not try to make some changes at home first? Get involved with the local government or community groups and see if you can help create a better environment for crypto. I'm not saying it'll be easy or happen overnight. And maybe you can't do it alone, but by joining together with others who want the same things, you'd be surprised what can happen. At least give it a shot before you go packing your bags.

While I agree with you at the same time I can also understand the frustration of the OP: maybe you live in a first world country run by an actual democracy, so you have all the rights to protest against your government and your politicians but unfortunately in many other places in the world is not like that, it could even cost your life.

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The presence of two or three stores that accept Bitcoin in one or two cities is not a sign that the government wants to promote Bitcoin or that Bitcoin is accepted in Turkey, but it is a sign because you can spend Bitcoin instead of converting it to cash, which is rare in many countries.
I think that high inflation in Turkey may not make such services suitable, as prices need to be adjusted on an almost daily basis, so do not expect to find many stores that accept Bitcoin, but I think that Turkish people will tell us the extent of adoption.
My last visit to Turkey was several years ago, so I hope that things will change in the coming years.

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Inflation in Turkey is insane, it really is. If we think we have it bad in the US then trust me, we haven’t seen the currency devaluation & outright total mismanagement of the fiscal duties there. I am not surprised people are trying to protect their purchasing power by buying & using bitcoin. Bitcoin is a saviour to many people & long may that continue.

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Quote from: UmerIdrees on November 12, 2023, 06:10:21 AM

I do not live in Turkey so could not know the ground reality but this vlog and this post by EFS are contradicting ones. If somehow we believe that governments does not favor the bitcoin adoption and it is illegal to use bitcoin in Turkey, then how come these bitcoin and crypto exchangers are able to open up public exchangers?

If Bitcoin as a currency is illegal, it's not necessary means it will be illegal if it used as a commodity aka store of value.

I'm not sure if your country is completely illegal or something like this (legal as a community, illegal as a currency), but if your government crackdown the P2P exchange in your country, it's back to the laws of each country.

Quote from: FatFork on November 12, 2023, 05:45:42 AM

Instead of just picking up and migrating to a new country, why not try to make some changes at home first? Get involved with the local government or community groups and see if you can help create a better environment for crypto. I'm not saying it'll be easy or happen overnight. And maybe you can't do it alone, but by joining together with others who want the same things, you'd be surprised what can happen. At least give it a shot before you go packing your bags.

It's not a good way because the government will see @OP/group as a threat and they might get punishment due to dare to fight with the government.

I believe everything has two sides: good and bad. You can imagine if you're become one of demonstrator who supporting an illegal stuff in your country because you think it give a good effect to you or most people.

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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.

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The source link you shared isn't in English, so i don't understand what was said. BTC and crypto businesses are growing fast, and in many developed countries you can find something like this. I have not bought or sold BTC in a physical store before, but i believe there will be some form of kyc before trading, maybe you will have to provide your id card and other details about yourself as well. If what i believe is true, then it is better to buy and sell your coins in a p2p exchange online.

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

Sometimes I think we need to migrate to a crypto friendly country.

BTC adoption is still coming up, only in El Salvador is BTC a legal tender and even if there are many countries in which it is legal to use abTC, it is not like you can spend BTC in all shops or points of payment, because only a few merchants accepts BTC. What i am saying is this, relocating from your country because you want to move to one in which you can spend BTC nearly everywhere makes sense, but because of one or two physical stores or BTC ATM's is not enough reason to relocate, except if BTC is totally banned in your country.

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 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.

That's because every country has different jurisdictions towards crypto, if your country isn't yet embracing crypto yet, it might one day they will realize how useful it is. It could be one reason is political stability and the level of public trust in government institutions can possibly the reason for cryptocurrency regulation.

You're lucky if your country accepts crypto as a legal tender the same in my country, so I think migration isn't a solution here. You can still own your Bitcoin since its decentralized nature. Though the process of trading might be difficult because you're using DEX's but it's fine if you know how to manage it.

Based on Coin ATM Radar, total number of Bitcoin ATMs / Tellers in Turkey: 22 which is not bad.

UmerIdrees

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Quote from: Apocollapse on November 12, 2023, 04:51:44 AM

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

it shows that bitcoin is widely accepted in Turkey.

It doesn't really widely accepted in Turkey, this user was saying this.

Quote from: EFS on August 20, 2023, 02:52:35 PM

No, it's illegal to use Bitcoin in selling goods and services. Any of the shop that say they accept crypto payments is breaking the law.
Bitcoin trades are not illegal. You can buy and sell crypto currencies in both online and physical exchanges.

I do not live in Turkey so could not know the ground reality but this vlog and this post by EFS are contradicting ones. If somehow we believe that governments does not favor the bitcoin adoption and it is illegal to use bitcoin in Turkey, then how come these bitcoin and crypto exchangers are able to open up public exchangers?

If in my country anyone cannot even think of opening such a physical Bitcoin exchange, and if they do, the government will not only seize them, but also they will get hold of all the funds and the people running this business will have to face legal consequences.
Prior to 2018, we had our first and only bitcoin P2P online exchange named Urdubit (https://twitter.com/urdubit?lang=en) but it was also closed because of the crackdown of the government against cryptocurrencies.

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You can find physical stores and currency exchanges all over Europe, the US, and parts of Asia where you can just walk up to the counter and buy or sell bitcoin. There's actual staff at the storefront in these locations, not just an ATM machine and I've seen them in busy areas of most major cities in Europe and America. The ones I've visited tend to be grubby little shops down side streets though in some places they're getting more mainstream.

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

Sometimes I think we need to migrate to a crypto friendly country.

Instead of just picking up and migrating to a new country, why not try to make some changes at home first? Get involved with the local government or community groups and see if you can help create a better environment for crypto. I'm not saying it'll be easy or happen overnight. And maybe you can't do it alone, but by joining together with others who want the same things, you'd be surprised what can happen. At least give it a shot before you go packing your bags.

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Quote from: UmerIdrees on November 12, 2023, 03:57:03 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.

Of course it is a beautiful sight to see the activities of people using Bitcoin and certain cryptocurrencies in transactions in every corner of the city as in the picture.
Turkiye has not fully accepted Bitcoin because it is still struggling with regulations there. According to information from coindesk, the government is still on the gray list and is still planning to bring the law to parliament.[1]

[1] https://www.coindesk.com/policy/2023/11/01/turkey-in-final-stage-of-bringing-crypto-legislation-as-last-step-to-get-off-fatfs-grey-list-minister/

Quote from: UmerIdrees on November 12, 2023, 03:57:03 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.

For me it doesn't hurt that much when I can't transact Bitcoin freely in countries that legalize Bitcoin as payment. What makes me sick is perhaps when I am in a country that strictly prohibits all activities related to Bitcoin and can even be subject to sanctions.
I can still secretly do Bitcoin activities as long as I can access the internet.

Apocollapse

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

it shows that bitcoin is widely accepted in Turkey.

It doesn't really widely accepted in Turkey, this user was saying this.

Quote from: EFS on August 20, 2023, 02:52:35 PM

No, it's illegal to use Bitcoin in selling goods and services. Any of the shop that say they accept crypto payments is breaking the law.
Bitcoin trades are not illegal. You can buy and sell crypto currencies in both online and physical exchanges.

Turkey is friendly with Bitcoin, they accept it, they even allow exchange to build their own physical store, but they just not accept Bitcoin as a currency.

Migrating to friendly country with Bitcoin isn't easy, if you're not a miner or only migrate because of "Bitcoin" alone, I don't think it's worth.

UmerIdrees

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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.

Selling Bitcoin for CASH in Grand Bazar Turkey - 🇹🇷 Bitcoin Shops in Istanbul

Topic: Bitcoin adaption in Turkey (Read 523 times)