Turkey currency problem | Bitcointalksearch.org

semobo

full member

Activity: 1498

Merit: 146

Quote from: cryptoboss2020 on March 25, 2021, 10:01:42 AM

Quote from: semobo on March 25, 2021, 07:44:06 AM

Quote from: cryptoboss2020 on March 25, 2021, 05:07:02 AM

If money the Fiat is cheap buy money.
If assets Low buy assets with money.
If money is cheap Now its Good to accumalate money and sell money later with higher price.
Simple men! Thts how the Economic works.
Buy cheap sell high!!

You don't get it, the fiat money gets depreciated forever means it will never be valuable as now on the next day, its like a car the value will keep decreasing year by year.

Well are there any official statement that trukey currency is worthless with no value at all from government?
No so buy just turkey currency Wait for Economic crash and then the currency Will be high valued Again.
Very Simple

The next economic crash may come in another 10 years so until you wanted to hold your Turkish dollar? But you will be losing almost 30 to 40% of the purchasing power in the 10 years for sure or even more because not sure about their inflation rate in the near future.

minurre

jr. member

Activity: 43

Merit: 10

Well, maybe they just can not directly change their lira to USDT. Or they prefer to invest their capital in cryptocurrency, then in the main one!

cryptoboss2020

member

Activity: 322

Merit: 14

Quote from: semobo on March 25, 2021, 07:44:06 AM

Quote from: cryptoboss2020 on March 25, 2021, 05:07:02 AM

If money the Fiat is cheap buy money.
If assets Low buy assets with money.
If money is cheap Now its Good to accumalate money and sell money later with higher price.
Simple men! Thts how the Economic works.
Buy cheap sell high!!

You don't get it, the fiat money gets depreciated forever means it will never be valuable as now on the next day, its like a car the value will keep decreasing year by year.

Well are there any official statement that trukey currency is worthless with no value at all from government?
No so buy just turkey currency Wait for Economic crash and then the currency Will be high valued Again.
Very Simple

semobo

full member

Activity: 1498

Merit: 146

Quote from: cryptoboss2020 on March 25, 2021, 05:07:02 AM

If money the Fiat is cheap buy money.
If assets Low buy assets with money.
If money is cheap Now its Good to accumalate money and sell money later with higher price.
Simple men! Thts how the Economic works.
Buy cheap sell high!!

You don't get it, the fiat money gets depreciated forever means it will never be valuable as now on the next day, its like a car the value will keep decreasing year by year.

bitterguy28

full member

Activity: 2114

Merit: 182

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Quote from: cryptoboss2020 on March 24, 2021, 12:39:31 PM

Instead of buying btc Why They didnt bought usdt? More stable then btc
Is turkey people Don't Know what is USDT?

you have asked this question when the value of Bitcoin is continuously pumping so why would Turkish Buy USDT when they can earn much more in BTC?

Maybe in the next days they will consider having USDT.

boyptc

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Quote from: cryptoboss2020 on March 25, 2021, 05:12:09 AM

Quote from: boyptc on March 25, 2021, 05:08:20 AM

Quote from: cryptoboss2020 on March 25, 2021, 05:07:02 AM

If money the Fiat is cheap buy money.
If assets Low buy assets with money.
If money is cheap Now its Good to accumalate money and sell money later with higher price.
Simple men! Thts how the Economic works.
Buy cheap sell high!!

You sell dollar for dollar?

How's that? what's with the rise and fall of the dollar or any fiat currency in the world is that its value becomes lower when you see its purchasing power goes down.

I really don't see it as what you see as an investment.

The price comes supply and demand.
Scaricity are When something are low quantity.
If dollar is cheap it means assets are high.
Or with any other currency....
If currency ie fiat are expensive it means the scaricity and higher demand.
Assets will lose value.
Simple, fundamentals thats what i mean.

And you understand and aware that USD has printed a lot of money in response of covid-19 into their economic fall down.

You're saying that you should buy it and you seem to treat fiat currency as an asset with all of those explanation that seems to be confusing not only for me but also for you.

cryptoboss2020

member

Activity: 322

Merit: 14

Quote from: boyptc on March 25, 2021, 05:08:20 AM

Quote from: cryptoboss2020 on March 25, 2021, 05:07:02 AM

If money the Fiat is cheap buy money.
If assets Low buy assets with money.
If money is cheap Now its Good to accumalate money and sell money later with higher price.
Simple men! Thts how the Economic works.
Buy cheap sell high!!

You sell dollar for dollar?

How's that? what's with the rise and fall of the dollar or any fiat currency in the world is that its value becomes lower when you see its purchasing power goes down.

I really don't see it as what you see as an investment.

The price comes supply and demand.
Scaricity are When something are low quantity.
If dollar is cheap it means assets are high.
Or with any other currency....
If currency ie fiat are expensive it means the scaricity and higher demand.
Assets will lose value.
Simple, fundamentals thats what i mean.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: cryptoboss2020 on March 25, 2021, 05:07:02 AM

If money the Fiat is cheap buy money.
If assets Low buy assets with money.
If money is cheap Now its Good to accumalate money and sell money later with higher price.
Simple men! Thts how the Economic works.
Buy cheap sell high!!

You sell/buy dollar for dollar?

How's that? what's with the rise and fall of the dollar or any fiat currency in the world is that its value becomes lower when you see its purchasing power goes down.

I really don't see it as what you see as an investment.

cryptoboss2020

member

Activity: 322

Merit: 14

Quote from: semobo on March 25, 2021, 04:38:20 AM

Quote from: cryptoboss2020 on March 24, 2021, 05:03:05 PM

Quote from: semobo on March 24, 2021, 04:47:45 PM

Quote from: cryptoboss2020 on March 24, 2021, 12:39:31 PM

Instead of buying btc Why They didnt bought usdt? More stable then btc
Is turkey people Don't Know what is USDT?

They are not stupids to invest on an asset-backed by stable fiat value. If they concerned that volatility of bitcoin is bad then they should by Gold not a stable coin.

USA dollar are Good and stable!
USDT are Good

US dollars are more stable than other fiats in the world but its not having stable value. The purchasing power of fiat always depreciate year by year due to inflation.

If money the Fiat is cheap buy money.
If assets Low buy assets with money.
If money is cheap Now its Good to accumalate money and sell money later with higher price.
Simple men! Thts how the Economic works.
Buy cheap sell high!!

semobo

full member

Activity: 1498

Merit: 146

Quote from: cryptoboss2020 on March 24, 2021, 05:03:05 PM

Quote from: semobo on March 24, 2021, 04:47:45 PM

Quote from: cryptoboss2020 on March 24, 2021, 12:39:31 PM

Instead of buying btc Why They didnt bought usdt? More stable then btc
Is turkey people Don't Know what is USDT?

They are not stupids to invest on an asset-backed by stable fiat value. If they concerned that volatility of bitcoin is bad then they should by Gold not a stable coin.

USA dollar are Good and stable!
USDT are Good

US dollars are more stable than other fiats in the world but its not having stable value. The purchasing power of fiat always depreciate year by year due to inflation.

cryptoboss2020

member

Activity: 322

Merit: 14

Quote from: semobo on March 24, 2021, 04:47:45 PM

Quote from: cryptoboss2020 on March 24, 2021, 12:39:31 PM

Instead of buying btc Why They didnt bought usdt? More stable then btc
Is turkey people Don't Know what is USDT?

They are not stupids to invest on an asset-backed by stable fiat value. If they concerned that volatility of bitcoin is bad then they should by Gold not a stable coin.

USA dollar are Good and stable!
USDT are Good

semobo

full member

Activity: 1498

Merit: 146

Quote from: cryptoboss2020 on March 24, 2021, 12:39:31 PM

Instead of buying btc Why They didnt bought usdt? More stable then btc
Is turkey people Don't Know what is USDT?

They are not stupids to invest on an asset-backed by stable fiat value. If they concerned that volatility of bitcoin is bad then they should by Gold not a stable coin.

boyptc

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Activity: 3024

Merit: 680

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Quote from: cryptoboss2020 on March 24, 2021, 03:01:31 PM

Quote from: boyptc on March 24, 2021, 02:55:13 PM

Quote from: cryptoboss2020 on March 24, 2021, 12:39:31 PM

Instead of buying btc Why They didnt bought usdt? More stable then btc
Is turkey people Don't Know what is USDT?

They should buy bitcoin.

Since last year, it's reported that Turkish Lira is dropping in value. While bitcoin, it's increasing in value and we're in a value so it's a smarter choice if they'll invest in bitcoin instead of USDT.

Where to buy turkey currency Now?
Its Good Investment I guess since currency is cheap but it will not stay for that cheap so long.
Once deflation will hit the currency have value

I don't know, maybe ask for some money changer services in your country.

Most of the fiat currency is for inflation and that's why their value gets lower each year and most of the goods that we buy become more pricey.

I don't see it as a good investment.

cryptoboss2020

member

Activity: 322

Merit: 14

Quote from: boyptc on March 24, 2021, 02:55:13 PM

Quote from: cryptoboss2020 on March 24, 2021, 12:39:31 PM

Instead of buying btc Why They didnt bought usdt? More stable then btc
Is turkey people Don't Know what is USDT?

They should buy bitcoin.

Since last year, it's reported that Turkish Lira is dropping in value. While bitcoin, it's increasing in value and we're in a value so it's a smarter choice if they'll invest in bitcoin instead of USDT.

Where to buy turkey currency Now?
Its Good Investment I guess since currency is cheap but it will not stay for that cheap so long.
Once deflation will hit the currency have value

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: cryptoboss2020 on March 24, 2021, 12:39:31 PM

Instead of buying btc Why They didnt bought usdt? More stable then btc
Is turkey people Don't Know what is USDT?

They should buy bitcoin.

Since last year, it's reported that Turkish Lira is dropping in value. While bitcoin, it's increasing in value and we're in a value so it's a smarter choice if they'll invest in bitcoin instead of USDT.

DeathAngel

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Bitcoin is in a bull run & they’ll profit greatly this year at least. USDT is a stablecoin, they’re only protecting tye value of their Lira (that they converted to USDT).

cryptoboss2020

member

Activity: 322

Merit: 14

Instead of buying btc Why They didnt bought usdt? More stable then btc
Is turkey people Don't Know what is USDT?

Topic: Turkey currency problem (Read 147 times)