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[Josemendez]

With the continuous fall in the price of Turkish Lira , peer to peer trading of bitcoin in Turkish local market has risen as high as $64,000 online and $100,000 offline.

This shows that the citizens has turned to Bitcoin for help and sustainability of their economy.

What do you think about this development ?

 

[Wisdom01]

I like to see this,because the citizens are actually doing so to increase the foreign capital inflow in their country and help the exchange rate

 

[Kunkun]

This is really good in general for the crypto community, the value of the local currency might be falling but it's nice people can turn to Bitcoin at such times

 

[Binita100]

This is really good in general for the crypto community, the value of the local currency might be falling but it's nice people can turn to Bitcoin at such times

Probably many people are of the thought that their riches could get gone forever , if their currency devalue , so they have to find an alternative

 

[Yewande]

Technically, an increase in the value of bitcoin means that money money is being pumped into the system. Generally i am in support of any increase in the value of bitcoin anywhere in the world.

 

[Binita100]

Technically, an increase in the value of bitcoin means that money money is being pumped into the system. Generally i am in support of any increase in the value of bitcoin anywhere in the world.

Many are in support too , mostly those that have invested in it , that would add more value and make payment of products and receiving payment easier

 

[MercySmith]

Technically, an increase in the value of bitcoin means that money money is being pumped into the system. Generally i am in support of any increase in the value of bitcoin anywhere in the world.

Not just you, a lot of person are in support as well. Mostly people who invest in bitcoin without trading. Trading might not require the price of bitcoin to go high to make profit, but it is always a bonus when it does.

 

[Wisdom01]

Technically, an increase in the value of bitcoin means that money money is being pumped into the system. Generally i am in support of any increase in the value of bitcoin anywhere in the world.

An increase doesn't mean more money only been pumped into the system , because the huge money been pumped could be influenced by supply , so its actually more demands increase the price more

 

[Niftyicon]

I guess it is normal especially when the demand seems to have exceeded the corresponding supply. This just shows that there is an increased rate of bitcoin investments in Turkey.

 

[Kunkun]

Not just you, a lot of person are in support as well. Mostly people who invest in bitcoin without trading. Trading might not require the price of bitcoin to go high to make profit, but it is always a bonus when it does.

Yeah I agree, lots of people are trading and benefiting from it, you are right trading might not really require the price of Bitcoin to go high to make profits

 

[mhmgs19]

With the continuous fall in the price of Turkish Lira , peer to peer trading of bitcoin in Turkish local market has risen as high as $64,000 online and $100,000 offline.

This shows that the citizens has turned to Bitcoin for help and sustainability of their economy.

What do you think about this development ?

When people lost faith in Turkish Lira & interested in crypto currencies may lead to collapse of economy.

 

[aryan4]

When people lost faith in Turkish Lira & interested in crypto currencies may lead to collapse of economy.

Frankly, I don't think such a thing could happen. According to 2020 official data, Turkey's 17th largest economy in the world and a rising market.

 

[Josemendez]

When people lost faith in Turkish Lira & interested in crypto currencies may lead to collapse of economy.

Not really . Cryptocurrency will help to an extent to strengthen the economy ,since the Turkish Lira can't afford to control the economy

 

[Mariappa45]

Cryptocurrency have really served it's adopted country well, this one shows how well it has served the Turkish citizens who enrolled into cryptocurrency investment to help raise funds and improved the economy which covid19 dealt with. The amount of $64,000 and $100,000 for both local markets online and offline shows how in-demand the Turkish have been around BTC.