Demand for cryptocurrencies is rising in countries with depreciating money
Economic problems in countries whose currency depreciates and loses value frequently, and countries such as Venezuela, Iran and similar countries, where human rights are often not implemented and democracy is applied only for those who are on the side of government forces, are used to protect their currencies and prevent damages. It is claimed that the demand for coins has increased more.
While India is the first country in the world in this regard, the reason behind Indians’ purchase of crypto money is both security and money in bank accounts, which can be the opposite of government decisions in a single hour. This is a development reflected in the local press of India, where citizens prefer cryptocurrencies because they are worried about decisions that may be effective in taking decisions that may lead to seizure for certain reasons.
In Turkey, being a democratic country and human rights are a viable state Although the country It is known that due to the extremely rapid loss of the value of the Turkish Lira, citizens are focusing on cryptocurrencies and they are starting to prefer dollars or crypto money instead of staying in TL.. In a research conducted by a Russia-based website, it was announced that while there was an increase in demand for cryptocurrencies by at least 32% in Turkey, citizens preferred to buy crypto money instead of buying the dollar rate, and that cryptocurrencies could replace the dollar rate.
Banks and They chose cryptocurrencies because of the exchange rate!
The biggest reason why Turkish citizens prefer cryptocurrencies instead of dollars was banks.. The fact that there are banks that buy at low prices of up to 50% when they try to sell the rising dollar rate at night, increased the interest of citizens more in cryptocurrencies, which can be sold without any damage at the same price when there is an instant rise.. While the reason for the increase in interest in cryptocurrencies in Turkey was not due to security, citizens preferred Bitcoin in order not to lose their money due to the difference in scissors and to sell their money immediately in the face of the suddenly rising dollar.
Citizens who bought dollars from the bank and kept in their account On the other hand, as soon as he learned about the citizens who hold cryptocurrencies, he learned that the difference of scissors is not in crypto money, he stopped investing in the dollar rate and started to prefer the way to increase his investment in crypto money.. In some of the banks, while the dollar rate sales after working hours is 7.20 TL, the purchase can be 4.89 TL, which prevents the investor from selling instantly at the rising dollar rate.
There is almost no difference between the instant selling and buying rate of Bitcoin. It allows them to make sales at any time they want and make harmless sales, day and night, without saying holidays, holidays or holidays.
If people prefer the dollar rate instead of crypto currency, and the dollar rate in cash is under their pillow. If he chooses to keep it and if we assume that the dollar rate is 7 TL at 21.00 at night, he will have to wait for the next day or 2 days later, since it is completely impossible to sell at that minute.. Since these holidays and certain holidays mean longer than a few days, and this means that the dollar rate drops in those few days, keeping the dollar rate in cash is a big risk both in terms of security and some damages.
TL If the loss of ‘s continues, Bitcoin can gain
In case of a loss in TL after the holiday, Bitcoin investors will be able to earn more in case of an increase in the dollar rate.. However, citizens standing in TL will be more affected by the prices of products and services, which are already subject to a hike, since they do not own crypto money and do not own dollars, and may end up making a loss because they do not have exchange rate investments or crypto money investments.
Those with cryptocurrencies can withdraw cryptocurrencies using certain remittance methods at any time, even on this festive day, and can easily pay anyone they want in cryptocurrencies and solve their payments in any way they want, 24 hours a day, 7 days a week, even if it’s a holiday.