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Investors Seek Refuge in Bitcoin as Turkish Lira Plunge 45% \ (247cryptonews.com)
7 points by TrinidadTobago on Aug 12, 2018 | hide | past | favorite | 3 comments



How can be Bitcoin a refuge for investors when it went from almost 20,000 to 6,000 in less than a year? That is more than the 45% drop of the Lira.

Bitcoin makes sense as a way of evading taxes when moving from Turkish Liras to some other currency. If you want a refuge you go to traditional assets like housing or take it out as dollars and pay the corresponding taxes.


Seems like every single day new country economy takes a plunge .... hmmm it is a sign?


Yes ....




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