Both dollar and Bitcoin lost, Turkish investor’s confidence decreased

The developments in the dollar rate this week seem to be surprising.. During the past 7 days, the dollar rate rose to record levels against the Turkish Lira and immediately after the dollar rate broke the record, Bitcoin prices, which were sold in dollar terms, increased more in Turkish Lira and provided investors with unbelievable profits.. Today, both the decrease in the dollar rate and the decrease in the Bitcoin price have caused the historical loss of Turkish investors.. repeated times.

Bitcoin and Ethereum prices crashed, the dollar rate fell to 6.54 TL after at least 30 cents decline. As a result of the decrease in the dollar rate, Bitcoin prices have already decreased and even a Turkish investor who invested in an average of 41,000 TL has lost quite a lot today.

Even if the prices of cryptocurrencies do not fall from a very high level, the declines can be sustained. The fact that the effect was much greater and the BTC price fell below the $6,000 level, causing investors to lose directly, caused great concerns about reliability and trust in crypto money investments.

Turkish investors, both because of the dollar rate, They stated that while they were aware that they lost because their Bitcoin price fell below the $6,000 level, the large amount of losses and the constant decline brought some concerns and doubts about Bitcoin investment.

The dollar rate did not lose much

The period of the dollar exchange rate, which is valuable against TL and other currencies Investors have seen that investors have already returned very good amounts of earnings and that the profit rates obtained over the dollar rate are also reflected in Bitcoin.. Investors who acted a little fast in this process and exchanged their crypto money when the dollar rate rose to 7.38 TL, made more profit than they could even in December, and those who suffered a record loss in December had their losses in the past 7 days. It is very profitable for some investors to sell at the highest level, thinking that these increases will not continue.

A good investment tool for Turkish investors

Bitcoin, even though it is a good investment tool for Turkish investors, it is much more efficient in periods when these decreases are effective. making investments very carefully, investing when necessary Waiting before you decide and watching the latest market data can be effective in making more profits.. While having information and having detailed information about Bitcoin before investing can be effective in getting the best results and gaining the most profit, unfortunately, it may not be possible to make a profit if you act without knowing about the investment.

<

Turkish investors’ interest in cryptocurrencies and their investments in this way can be an effective method for them to make huge profits in the future and to make more money from their investment and money.

• It is NOT an investment advice or recommendation.
• Bitcoin prices CAN CHANGE instantly.