From the article:
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.
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.
Why the hell would the average Turk bother when they can go and get some Euros or Dollars? It just doesn't make any sense if you're talking about serious wealth preservation. Bitcoin is no more than a plaything. It's not any type of safe haven and won't be for a long time.
It's the same as Greece and Cyprus. I'll bet at least 10 real Greeks or Cypriots bought Bitcoin during their crises. The rest of the associated rise was the same old pumpers using it as an excuse to get excited.
I will disagree with you on that. I personally helped a lot of people from Greece, when they asked for help on public forums and one organization even employed more people during that crisis to help with the adoption phase. < Paxful>? https://bitsonline.com/greece-bitcoin-economic-turmoil/
The thing is, we are steering off-topic with this discussion now, because I want to hear your opinion on Alt coin surviving in a DotCom type of scenario.
