Just dropping a though about the recent correlation between the fall of TRY and surge in Bitcoin, that came simultaneously (within days).
This can be explained by capital flowing through the black market, having bitcoin as a medium.
Investors wanting to flee, converting the turkish to bitcoin then converting the bitcoin to another currency.
It looks like bitcoin is now expensive for this traffic, and thinking that this outflowing capital may turn to other crypto's, such as ripple and etheruem.
It will be interesting to look for other crypto's that allow such traffic and buy them, and also join the down rally of the lira at a convenient point.
This can be explained by capital flowing through the black market, having bitcoin as a medium.
Investors wanting to flee, converting the turkish to bitcoin then converting the bitcoin to another currency.
It looks like bitcoin is now expensive for this traffic, and thinking that this outflowing capital may turn to other crypto's, such as ripple and etheruem.
It will be interesting to look for other crypto's that allow such traffic and buy them, and also join the down rally of the lira at a convenient point.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.