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>A quick example is Turkey where the USD gained against the Turkish lira a lot and lost over %30 value overnight but USD is still good. Your comment serves to
by ChuckNorris89 5y ago
>A quick example is Turkey where the USD gained against the Turkish lira a lot and lost over %30 value overnight but USD is still good.
Your comment serves to make a point for strong and stable fiat like USD, not for Bitcoin which also just lost around 40% of its value in a month.
- mrtksn 5y agoOnly small part of the worlds population lives in a western democracy(about %10). People around the globe(the %90) pump and dump all kind of currencies all the time, including USD. Don't forget that sudden value increase and decrease cuts both ways. BTC is just like USD for a lot of people, just easier to trade. BTW I don't hold any crypto, I simply find it fascinating and I think there's some merit in its ideas and technologies.