Quote from: eternalgloom on August 15, 2018, 10:51:55 AM

From the article:

Quote

Despite bitcoin's aspiration to be a safe haven asset, the cryptcurrency has not seen a rally with the stumble of the Turkish lira.

Now this is also something I'm curious about, I mean we did see an increase in volume on Turkish Bitcoin exchanges, but this hasn't resulted in the overall increase in price.

I actually tried to get to the bottom of that here:

Quote from: jseverson on August 13, 2018, 01:56:16 PM

Quote

Koinim, Turkeys largest exchange, has reported a 63% increase in Bitcoin trading volume, while the BTCTurk and Paribu exchanges have said their volumes are up 35% and 100% respectively, according to CoinMarketCap data.

If we do the math, we end up with:

Koinim: $144,577.3
BtcTurk: $1,679,437.03
Paribu: $3,343,241.5

Those were the (very) rough starting numbers before the reported growth, which led to these numbers from a few days ago:

Quote from: jseverson on August 13, 2018, 09:13:40 AM

For some perspective, here are the listed exchanges' Bitcoin 24h trading volumes as of this moment according to Coinmarketcap:

Koinim: $235,661
BtcTurk: $3,367,240
Paribu: $6,686,483

There may be other Turkish exchanges, but I just assumed that the article in the thread quoted listed the most relevant ones. Their starting volumes are pretty low, so even significant changes in percentage points still result in low numbers. It's great that some Turkish citizens are finding solace in Bitcoin, but it's not like everyone started buying up as some articles may want you to believe. It's definitely not enough to raise global prices by a substantial amount.