Re: Turkey’s economic crisis can trigger the next crypto bull run

Quote from: quichiship on September 03, 2018, 08:22:30 AM

Quote from: BartS on August 29, 2018, 06:57:44 PM

Quote from: Esqarrouth on August 25, 2018, 11:43:32 PM

https://hackernoon.com/turkeys-economic-crisis-can-trigger-the-next-crypto-bull-run-86e53392d9bc

What do you guys think? Huh

The country of Turkey is too small in economic terms to trigger the next cryptocurrencies bull run, if the crisis is big enough in Turkey it is is entirely possible that we are going to see something similar to what is happening in Venezuela, in which people are using cryptocurrencies to avoid the inflation caused by printing too much currency, the only way we're going to get a bull run out of the economic crisis of a single country is if that happened in the United States.

Although I do not have enough knowledge about turkey economic condition but I think that still in turkey the bitcoin users may not be too much who which can boost the bitcoin price. I hope that I their government will take some decision about it then it may be possible.

No matter what, one country cannot simply just turn the outcome of a market around since we are talking global here. Sure, there are some places where adoption may be huge and could slightly have some effect, but I do not think turkey can really bring about such a drastic change no matter how the citizens see the need to pull out from fiat into crypto due to the economic crisis.

It is a start anyway as that would show the rate at which people gets to see the space as a safe haven from all the bullshit rubbed on them by their government.