While the declines in Bitcoin price continued, there was a decrease of more than $ 1,500 and these decreases affected Turkish investors.. Today, this situation has been reversed and the increase in the dollar rate in the face of the decrease in crypto money prices has allowed investors to take their losses.. Investors, as owners of cryptocurrencies, asked how long the effects of these declines would last and how long they would last, while many people, despite losing their investments, decided to sell their investments by panicking because of the fear of further declines.
Turkey. Even investors who invested in TL in Turkey earned more money than Bitcoin, which rose to 39,000 TL again today, after the dollar rate increased due to Bitcoin, which is indexed to the dollar rate price.. While investors were selling in the past to make a profit, today they chose to wait and made one of their best choices. Selling for the sake of loss and exiting the market with the least loss despite this loss became a way preferred by many investors within a few days. It was effective in increasing the price of Bitcoin more, with the dollar rate gaining more than 1.5 liras against TL to investors.. While the investors who made their investments in TL had more income, they also experienced an increase in the income they obtained from their investments as a result of the increase in the dollar exchange rate.
While many Turkish exchanges had to reflect and approve dozens of different transactions within seconds after hundreds of different Turkish investors started selling their cryptocurrencies when the dollar rate was high between noon and evening hours, it was learned that some Turkish banks collapsed.
Today, many banks have closed their mobile applications completely after the dollar rate has risen excessively, preventing investors from selling and buying dollar exchange rates, and by protecting themselves in a way, they prevented the sale and purchase of citizens’ investments.. This did not happen in Bitcoin sales.. While there were crashes on some Turkish crypto currency exchange sites during extreme rises and falls, today this situation has not been experienced, it has been determined as the best day for investors who want to sell but do not want to lose due to the decreases in Bitcoin price.
It’s not a bad ending if Bitcoin holders prefer selling!
Bitcoin holders will sell sooner or later. There will be sales to make a profit after very extreme rises, and they will have to sell their crypto money somehow in order to avoid further losses during sudden needs or extreme decreases.. Although this is a result that is seen negatively by many Turkish investors, making the necessary investment sales on time and not always expecting the highest profit expectation sometimes creates results that can be effective in obtaining the highest profit with better results and less loss.
As there may be decreases in the price of cryptocurrencies from time to time, decreases in the price of Bitcoin should be considered normal as a crypto currency and it should be reviewed that when there is an increase due to the dollar rate, selling may end with more gain and less loss.
Investors’ refusal or refusal to sell cryptocurrencies can bring greater damages and greater losses, as well as preferring the instant sale method and re-entering Bitcoin as an investment at the lowest level may have consequences that can be effective in increasing earnings. .
The dollar rose, Investors had a feast!
After the rise of the dollar rate, investors who have investments in Turkish stock markets started to prefer instant sales.. It was a positive atmosphere that people, who were in loss until yesterday and who stated that they lost because of the decrease in Bitcoin price, were able to recover their losses as of today due to the increase in the dollar rate and the fact that the Bitcoin price is indexed to the dollar. While testing TL, investors followed the day when they could make the most profit by choosing the sales path when it was at the level of 6.71 TL. They stated that they thought that waiting would be the best result in the face of the possibility of a decrease in the exchange rate and a further increase in the Bitcoin price. Therefore, while it is very clear that this is the case, as of today, investors It will be more positive if he acts more carefully and takes advantage of this chance.
Also, as we mentioned in our previous news, it is currently possible to buy Bitcoin at a lower price than the global market prices in Turkish stock markets.. (with BTC/TRY pair)
*This is not an investment advice.
**Investors should not just stick to the dollar rate, they should follow market data into consideration.
* **The TL, which has lost value against the dollar rate, is also effective in the increase in Bitcoin prices against the TL.