Associate Professor. Ender Demir: “There would not be such a universal balloon.”
Istanbul Medeniyet University Faculty Member Assoc.. Ender Demir made statements about Bitcoin. Demir expressed the comments that Bitcoin is a bubble with the words, “There cannot be such a universal bubble.” A panel titled. In the panel, Istanbul Şehir University Faculty Member Prof.Dr.. Ahmet Faruk Aysan, Istanbul Medeniyet University Faculty Member Assoc.. Ender Demir, Software Developer Mehmet Ali Çalışkan, Computer Engineer Tahir Çelebi and Sakarya University Faculty Member Assoc.. Süleyman Kaya gave a speech.
According to a news published in Sabah Newspaper, Ender Demir, in his speech at the panel, mentioned that Blockchain technology can be used in different fields and gave an example of UNICEF’s launch of a donation campaign for Syrian children over Blockchain.. Saying that many things in our lives will change with this technology, Demir used the following expressions:
Funding and investment will change. Until 2-3 years ago, there was no Bitcoin or altcoin investment option in front of a portfolio manager, but now there is.. Or ideas that the bank does not fund because there is no collateral will become viable with Blokchain.. In addition, the costs will decrease.
Ender Demir: “There are Risks”
Mentioning that there are some risks in cryptocurrencies, Demir said that if such an investment were to be made, He said that if there is to be entered, it is necessary to accept these risks.. Demir also mentioned:
We are seeing a huge surge in Bitcoin. This fluctuation, which can offer an opportunity for a good institutional investor, is a danger for a normal person.. If you are unable to handle this fluctuation and this fluctuation causes consequences that will affect your life, it would be useful to stay away.
Talking about the “Bubble” discussions in the Bitcoin market, Demir stated that the last drop was not a reflection of the bubble.. Demir made the following statements on this subject:
We cannot predict how much value this new technology can create.. Is the last drop a serious bubble reflection? I think no. Bitcoin’s history has already seen drops of up to 50 percent, or even 80 percent.. So this is not the first fall in its history.. If you’ve been following Bitcoin for the past 6 months, this drop may come as a shock, but if you’ve been following it for a long time, you can see that Bitcoin is already an asset that has been falling.. I never listen to those who say balloons. There is no such big balloon in the world.. There would be no such a universal bubble
He spoke about ICO
Indicating that the coin public offering (ICO) has come to the fore in the new era, Demir continued as follows:
The other day, $40 million was raised in 12 minutes in an ICO. The ICO market is developing rapidly. Considering that an ICO raises $50 million, we see that Turkey has a long way to go here.. The value of the coin offered to the public in the world in 2017 was $ 6.7 billion. In 2014, 2015, 2016, this figure is 1 billion dollars in total.. A huge difference in one year. ICO threatens companies in the stock market. Now you can collect 50-60 million dollars for an idea without ever going to the stock market.. It also pushes venture capital. More money raised in ICO than in venture capital raised in 2017. We are talking about a great financial change.
In the panel, Tahir Çelebi also discussed Blockchain and cryptocurrencies with their technological and Süleyman Kaya religious dimensions.