Topic: Bitcoin Investors Eye Turkey As Lira Plummets 20% (Read 452 times)
I love what the Turkish are doing, the government fraudulent system failing you, what the hell! got to turn over to some real-life values like bitcoin. If Erdogan the President of Turkey could be appealing to his people to help save their local currency, then I smell a financial crisis. Truth be said : I think Erdogan ought to have relinquished power.
The turkish lira has lost tremendous value in recent days. I think this decline will continue for a while. in this case it makes more sense to get dollars for investors in Turkey.
So this is the start of the rule of bitcoin in Turkey. More and more people are attracted to this since it is really a remarkable one. This can help the country's economy.
An example is indicative. As soon as the crisis is poaching stability, a new tool is needed. The bitcoin can help not only in preserving, but also increasing the economy.
Unfortunately, or fortunately, lira has already lost 40 percent of its value) This will only increase interest in bitcoin
During this time people's interest in Bitcoin will increase because Bitcoin is the most profitable and potential. Although the Bitcoin price has come down it will be very quick to surpass. So the investment here will be increased.
An escalating dispute with U.S. President Donald Trump over tariffs on Turkish steel and aluminum and concerns about the health of the Turkish economy meant the Turkish lira lost a fifth of its value against the dollar last week, pushing it to record lows and down around 45% so far this year.
And the Turkish lira has continued to slide despite the country’s finance minister promising to implement a market-calming plan on Monday.
Finance Minister Berat Albayrak said in a Sunday interview with local media outlet Hurriyet that Turkish institutions will take "necessary steps", though Reuters reports few specifics were provided.
Albayrak's comments come hours after Turkey's President Recep Tayyip Erdogan railed against high interest rates and described the plunge in the country’s currency as a foreign "operation".
Erdogan also called on Turkish citizens to exchange any dollars, euros or gold they own for the lira to prop it up, according to media reports.
Now Turkey risks a Venezuela-style move towards bitcoin and cryptocurrency if people lose faith in its currency.
I have not even seen this article before my earlier comment on the issue with Venezuelan devaluation of its currency by as much as 95% to its crypto currency and some people are heaping blames on the president to have been responsible without recognising the influence of foreign governments in a Nation's economy and bending to their rules will always come at a cost in the home country which mostly leave the country's political class to start exploring some not popular choices imagine imploring citizens to start exchange any foreign currency they own in other to boost the value of the local currency but how far would that and how much effect would that make considering the fact that citizens cannot be forced to consider that option without invading on their rights as guaranteed by the constitution.
it is very bad that in Turkey there was such a sharp drop in their currency! many people began to buy bitcoin to save their money! from this and the capitalization of bitcoins for the last week has grown! the more people will invest in crypto currency, the faster it will start growing up!
It really a bad thing though but I don't see investing in bitcoin as a solution because it still does not remove the fact that Lira goes beyond currency, its their identity and the majority of the people who don't have the means to invest in bitcoin would have to suffer for it. What needs to be done is for everyone to put hands together while the political class be willing to compromise reasonable for the benefit of the masses.
it is very bad that in Turkey there was such a sharp drop in their currency! many people began to buy bitcoin to save their money! from this and the capitalization of bitcoins for the last week has grown! the more people will invest in crypto currency, the faster it will start growing up!
There is no commercial focus in Iran for individuals to trade in so they need to use exchange barter or outside of the national people and they did it until the year, and I guess Bitcoin Not banned in Iran. Electronic currency on the Turkish trading floor has increased sharply in recent days
Bitcoin and cryptocurrency trading volume on Turkey's exchanges has surged over recent days as the country battles to contain a currency crisis that looks set to continue into this week.
Although there are no centralized currency exchanges in Iran. And I guess Bitcoin is not banned in Iran. So, the people in this country has to trade with peer to peer trading with other countries.
Well first of all, you have one information wrong here. BTC is not banned in Iran. The ban was actually placed on the banks.
Bitcoin exchanges are not popular in all countries but Turkey has met with crisis with it exchanges there many countries where bitcoin is ban already.
this is an opportunity for the capital of Turkish investors to come to us in the crypto currency, I see this as such an opportunity
Lira has lost a lot of its value recently,and it's a bit depressing. And the fall be there for a while. So it will be a better thing to invest in dollars at the moment.
Inflations are a matter of concern in many countries of the world. Inflation in the cryptocurrency trading volume has surged over recent days in Turkey. This is jeopardizing the country's financial system.
Isn t it the other way around, LIRA holders eye BTC not the BTC investors are going after more and more value losing Lira ? 
Anyway this is so moronic to ask your citizens to excahnge Euro and USD to Lira, just blindness and refusing to see the situation as it is.
Anyway this is so moronic to ask your citizens to excahnge Euro and USD to Lira, just blindness and refusing to see the situation as it is.
As the local currency Lira has been sliding and would continue to do so in near future too, so more and more people are buying bitcoin and other cryptocurrencies and they would continue to rely on digital currency in near future.
Based on this situation you can try with different currency like I will suggest you dollar because lira already lost its value. So better do some research.
Nowadays lira has lost its previous situation based on this their price fall and that is why I will suggest invest with dollars it will be beneficial I think.
There are no way to transect on a centralized way. Hope crypto will not banned there. Crypto just not allow on banking system there.
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