TRY - Turkish Lira rates, news, and tools

Turkey looks to Bitcoin as Lira Collapse Continues - Forex Markets Live

Turkey looks to Bitcoin as Lira Collapse Continues - Forex Markets Live submitted by fxtradingpro to btc [link] [comments]

Chain of Forex exchange booths runs out of Lira, after demand for Tourism to Turkey explodes.

Chain of Forex exchange booths runs out of Lira, after demand for Tourism to Turkey explodes. submitted by Jowemaha to wallstreetbets [link] [comments]

[World] - Turkey hikes tax on forex deposits to prop up lira

[World] - Turkey hikes tax on forex deposits to prop up lira submitted by AutoNewsAdmin to FRANCE24auto [link] [comments]

[Business] - Turkey hikes tax on forex deposits to prop up lira | Al Arabiya

[Business] - Turkey hikes tax on forex deposits to prop up lira | Al Arabiya submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

Turkey looks to Bitcoin as Lira Collapse Continues - Forex Markets Live

Turkey looks to Bitcoin as Lira Collapse Continues - Forex Markets Live submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

[World] - Turkey hikes tax on forex deposits to prop up lira | France24

[World] - Turkey hikes tax on forex deposits to prop up lira | France24 submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Business] - Turkey hikes tax on forex deposits to prop up lira

[Business] - Turkey hikes tax on forex deposits to prop up lira submitted by AutoNewsAdmin to ARABIYAauto [link] [comments]

Laws regarding promoting offshore banking services?

I'm planning to start a fintech firm that is partnering with a foreign bank in Antigua to offer a high interest US dollar savings account with no forex conversion fees to residents of developing countries like Turkey, South Africa, Nigeria, Somalia, South Sudan, etc. that have highly volatile currencies which depreciate in value.
For example, one USD used to buy 3 Turkish Lira and now it can buy nearly 10 Lira.
Saving in USD is highly secure, liquid, and appreciative asset.
Details:
Mobile app for transactions
Deposit in local currency, but save in USD
No currency conversion fees
Withdraw in USD or local currency up to 7 times a year
7% APR on savings paid in USD
So I know the regulatory system is very complex for offshore banks. In the US, foreign banks are not allowed to advertise towards US residents because of FACTA.
I was wondering if anyone is familiar with regulations regarding promoting foreign banks in countries like Turkey or other countries in Africa?
submitted by JimQ_official to FinancialPlanning [link] [comments]

Some oriantal questions.

Hello guys, as you may have noticed i am new here and to the trading world. I guess it has been over a month roughly and i drain information like a sponge, i have done babypips, read 3 books about strategies and mentality + risk management. Watched over 100 videos including webinars and lessons along with the youtube content. But i have questions which are pretty rare and cant find answers anywhere. I searched Forex and couldnt find any related stuff either. I am living in Turkey and the condition of Forex is different here. Leverage is limited to 10:1 and you need to deposit 50.000 turkish lira to the broker(lots of money). So i want to use a broker who is not supported by turkish state. Like pepperstone, i would appreciate recommendations. The real deal is this. Currently 7 turkish lira = 1 USD (rounded) and a 100 USD is an okay income a month for a turkish student (i dont expect to earn this at all, i am just trying to describe the situation that Turkey is in.) However guys i may start depositing with a small amount of 500 USD at most (at the beginning, every month i will deposit more). I want to risk %1 of my account each trade. And i trade mostly in 15m and 1h candles in my demo account and those show the most profitable results. But will i be able to earn despite the comissions and spreads? Which type of account you guys recommend. Thanks a lot. Appreciate it.
submitted by LoveofEvil to Forex [link] [comments]

Picking an online broker for investing for a non-US Non-EU investor

I live in Turkey and picked up an interest in investing to be able to feel financially safe and hopefully free in the future, two years ago.
I picked a couple of divident paying stocks and bought small amounts. I also picked a couple of funds and invested even smaller amounts to see how they perform.
One thing I noticed is that, the market is not likely to beat the inflation (if it can, it will be barely - and statistics are not very reliable at the moment), and nobody in the country remembers a period where USD lost power to Turkish lira in a persistent way, but we are seeing the reverse right now. This is so obvious and certain for most of our people that just buying USD alone is an investment form which will not fail you.
Obviously unless I happened to pick up the stocks that will constantly outperform the whole market, it's unlikely that I gain a financial freedom in this way. And I can't do day trading or short term investment because I can't sit in front of a screen and monitor the market. Also, dividends are not reliable as a company might decide to skip a year or stop paying it altogether. And the divident performance of the whole market is around 1%.
So, I don't feel like this environment is the right one for long term investment. That's why I am planning to invest in the US and maybe the UK stock markets.
There are a couple of banks that let me invest in those markets, but their commission rates are insane. The minimum they will get for one transaction is $25. I was planning to start with something like $250-300 and if I invest with them, there goes one-tenth of my money. However, transferring money to a foreign account costs 40-50 Turkish liras, which roughly translates to $7-8. Considering that I'm planning to put small amount of money and buy stocks with it, transferring money to a broker makes sense.
However this arises safety issues as I'm going to invest with an American or British broker. Moreover it will have to be an online broker because others don't accept foreigner investors. Risk increases.
While I was doing research, I learnt that Saxobank, Tradestation Global and Interactive Brokers accept Turkish citizens. I can't pick Saxobank as they have a minimum of $10,000 which I won't have for a while.
I checked them out to see if they are safe, but apart from obvious advertisement websites, it is very confusing.
For instance, https://www.forexpeacearmy.com/forex-reviews/165/tradestation-stock-broker and https://www.forexpeacearmy.com/forex-reviews/165/tradestation-stock-broker They both are slammed here. But check this out: https://www.tradingview.com/brokeTradeStation/reviews/
Here, where the company can answer, there is a different story: https://www.trustpilot.com/review/interactivebrokers.com This one is another: https://www.trustpilot.com/review/tradestation.com?languages=en
So, what are your thoughts about these two brokers? Are there any alternatives I am missing? Or should I just not invest in these markets?
EDIT: I'm also worried about inactivity fees as I plan to buy and forget whether stocks or funds.
submitted by kutubira to personalfinance [link] [comments]

Russian SWIFT alternative getting traction in deal with Turkey

https://www.reuters.com/article/russia-turkey-forex/russia-turkey-agree-on-using-rouble-lira-in-mutual-settlements-idUSR4N26O04T
The US-controlled SWIFT settlement network has long enjoyed a monopoly on global transnational payments. US economic sanctions on foreign countries are mostly enforced by removing an entire nation's banks from the SWIFT network, effectively blacklisting them from mainstream US dollar global commerce.
Crypto is another obvious alternative to SWIFT.
submitted by horsebadlyredrawn to btc [link] [comments]

TL dropped finally. Kinda? Your thoughts?

I mean I thought we were going for that 4 then 5 TL so I could eat Doner for a buck, but I'm disappointed. I guess there's always that place that makes doner for 1 lira 50 kurus, but they say it's horse meat lmao
Anyway, do you think it's going down any more? Maybe after referendum? I thought it wouldn't go down until referendum tbh, and don't see why it suddenly dropped...
Oh it's been around a week since the drop, so I guess this thread is late, but I did let that time pass cuz occasionally, there's those hourly decreases because of one thing then it goes right back up..
submitted by somemuslim to Turkey [link] [comments]

[DIPLOMACY] Turkey offers Central Asia - particularly our Turkic brethren - a post Russia lifeline. Pledges funds, hardware, operations

To our friends.
We note with chagrin that Russia has reneged on its commitments to you in totem. Whilst none of us should be surprised at that, given what else we have witnessed, we should not think of it as only a loss. It can also be seen as a great opportunity for us all. Russia has left you post-Soviet collapse, in poverty, and a state of semi-Soviet dependency on a country which has consistently demonstrated a commitment to maintaining oligarchy, corruption, and widespread poverty.
This being the case, Turkey proposes to channel NATOBUX into Central Asia like never before, to ensure not only your survival of this apocalypse, but all of our triumph, over it. Our offeribgs are as follows:
Note: we will be begging NATO for the costs associated with these deployments
submitted by peter_j_ to GlobalPowers [link] [comments]

Best Cryptos to Invest in the Year 2019

Looking back in recent history, it seems as though big investors and financial organizations are changing their attitudes towards Bitcoin and altcoins. The media coverage worldwide illuminated the vast returns being had in the cryptocurrency markets, with many coins up over 100x since their conception. This certainly has garnered the attention from both legacy and newcomer investors. Currently, everyone is waiting to see if cryptocurrencies can continue on their path to new all time highs.
2017 turned out to be a whirlwind year, with most cryptocurrencies soaring to new all time highs at the end of 2017 and early 2018. The media coverage of cryptocurrencies was nonstop, with news reports on financial programs almost daily. In addition, many movies and tv shows mentioned cryptocurrency, including the technology oriented show “Silicon Valley.” So far, 2018 has seen a vast pullback in the cryptocurrency markets. Many of the smaller altcoins are down over 90% with Bitcoin, the crypto leader, still being down over 60% from all time highs.
Even with the overall market pullback, many investors are still very bullish on cryptocurrencies going into 2019. Many big name institutions are jumping head first into crypto, with NYSE announcing a new crypto exchange, BAAKT. Also Fidelity has announced a crypto support platform for their customers. Even legendary Ivy league university Yale has announced a new 400 million dollar investment fund geared towards cryptocurrency.
With so much bullish news adding up rapidly, almost everyone seems to expect a very profitable year for crypto leading into 2019. While Bitcoin is still currently the market leader there are also some big name altcoins that expect 2019 to be a huge year for them.
The Altcoin Hierarchy
Before investing in the crypto market, let us go through the basic classes of cryptocurrencies that exist in the market. While every class has the potential to have impressive returns, some coins have more impressive use cases and concepts, In addition to more qualified and funded development teams. Simply put, not all altcoins were created the same.
The Penny Stocks of Crypto
These are the bottom tier altcoins that could possibly become worthless in the near future. They operate much like penny stocks, advertising big promises of ‘guaranteed gains’. Eventually, many fail to offer a fraction of their promised returns. One of the ways to identify these is to look at their team members, their past experiences, objectives of the project, probability of mass adoption, actual use of the coins and many more.
The reasons for their failure is usually because of unwillingness to work for the vision they once promised in the first place, bad wealth management, inclusion of scammers in their team, unrealistic expectation from the project and also making money via pump and dump schemes.
Some of these coins are Trumpcoin, Russia Coin and Verge.
Average Coins
According to the ‘coinmarketcap’ website, there are currently more than 2000 cryptocurrencies listed on their website. Among those, there are around 500 of them that can be considered in this ‘average’ category.
These are the coins that do have a purpose/objective to work on but fail to maintain a good development team. They and their coins don’t really have any kind of purpose in the crypto market and fail to finalize any kind of legitimate deals and partnerships with good investors. This makes their performance very limited as compared to other altcoins in the market.
Some of these coins are Deep Brain Chain, Funfair, Decred, Navcoin, Populous, Cryptonex.
Good Coins
There are around 500 of such good coins in the market that do offer a good objective for the project, a solid team with good experience to execute such tasks, a good marketing strategy to reach out to masses to share their ideas and quality contacts to make some good partnerships in the market.
The only reason why they are only classified as ‘good coins’ is due to the lack of uniqueness that the other ‘very good coins’ offer. They don’t really have that ‘point of parity’ in their project/product that separates them from their counterparts.
Some of these coins are NEM, Stratis, Monero, and BAT.
Very Good Coins
There are around 100 such ‘very good coins’ in the market. Their objectives are well defined with a solid team to execute their tasks perfectly. Along with that, their marketing teams are also well-qualified to make their ideas reach to the masses. Because of such a wonderful blend, they are able to make better and strong partnerships with a number of good companies.
What separates them from the ‘Good Coins’ category is their USPs (Unique Selling Points). They are unique in what they do and that’s what makes the difference.
Such coins are NEO, Stellar, Cardano, Ripple
Top Tier Cryptocurrencies
These are the top tier coins that provide the best functionalities. They have real-world usage, objectives to solve a real-world problem, strong fundamental teams to execute the mission of the project, marketing teams to spread the ‘idea’ and collaboration with a number of media channels to gain early investors.
Also, due to a good PR team, they are able to make a very strong partnership with a lot of Fortune 500 companies that give them an extra edge over rest of the projects in the market.
Some of these coins are VeChain, Ethereum, Bitcoin, IOTA, Icon, EOS, Kinesis.
Promising Projects Going Into the New Year
With more than 2000 cryptocurrencies out there in the crypto market, only a couple 100 of them qualify to be a top tier investment. It can be quite the challenge to find a worthy project among the thousands of choices. These next projects are some that show a lot of promise heading into 2019.
Always remember the 3’S’ of the investment – Sane, Smart and Sensible. An investor who is sane, smart and sensible will always look into the facts before he invests in any business or project.
Kinesis
This is one of the most promising upcoming projects in crypto. The broad overview of the coin is to offer an alternate and better evolutionary step beyond the basic monetary and banking system available today.
In short, it is a cryptocurrency that is backed by precious metals like gold and silver. According to the CEO of the company, Thomas Coughlin, the Kinesis coin is basically divisible units of allocated gold and silver which you can use as a currency.
There will be two stable Kinesis coins in the market backed by Gold and Silver. The stable Kinesis coins backed by Gold will be tagged as KAU and the stable Kinesis coins backed by Silver will be tagged as KAG.
These stablecoins backed by the precious metals like Gold and Silver are real game changers as these 2 precious metals are definable stores of value for use in trade and investment in the real-world economies.
The Kinesis coin is based on the Bespoke Blockchain Technology, a blockchain network forked off from the Stellar Blockchain Technology in order to suit the requirements of the Kinesis coin.
The cryptocurrency project is headed by Thomas Coughlin who is also the CEO of the Kinesis company. He has 15 years experience in the investment, funds management and capital markets. Before being the CEO of the Kinesis company, he held similar positions for the Bullion Capital and TRAC Financial Group as well.
Apart from Thomas Coughlin, there are other great members in the team as well. Their team consists of people like:
Michael Coughlin, Chief Financial Officer, having 41 years experience as a CPA in the accountancy and financial services professions.
Eric Maine, Chief Strategy Officer, having more than 30 years experience in Senior Management in the exchange and financial markets.
Ryan Case, Head of Sales & Trading in Kinesis, having extensive experience as Head of sales trading & partnership and also valuable experience in commodity, cryptocurrency, forex and derivative markets.
Jai Bifulco, Chief Marketing Officer, having a full-fledged 12 years of experience in award-winning full-stack marketer in Finance. He previously held roles of directors in multiple brokerages, consulting and Fintech sectors.
There are more than 30 different team members in this project spanning their roles from The Executive Committee to the Advisory Board to the Operations and Development team.
The coins are very limited in number as compared to other cryptocurrencies where the softcap is limited to just 15,000 KVT coins and HardCap is limited to 300,000 KVT coins. Minimum token that one can buy is set to 1 KVT which is equal to $1000.
So far, more than 57,000 KVT tokens have been sold which roughly equals to a whopping sum of $57 Million. With such a huge investment already deployed for the development of the project, there are still 30 more days left for the ICO sale period to end.
Also, apart from the investments gained, the Kinesis cryptocurrency is also focusing much on the partnerships with the top companies in the industry. These include companies like ABX (Allocated Bullion Exchange), MLG (Blockchain Consulting), Sigma Prime, Etherlabs and Fine Metal Asia Limited.
This cryptocurrency is certainly the one to watch out for in 2019.
VeChain
Broad Overview – In simple layman terminology, Vechain is a supply chain protocol to track logistics inventory. It has successfully implemented blockchain technology in various sectors like agriculture and industries like luxury goods and liquor.
They basically strive to solve real-life problems by providing solutions in various industries like:
Logistics: In this sector, VeChain implements the blockchain technology to improve the flow of information from one department to another by breaking silos yet maintaining the data privacy of every department. Government: There are more than 111 VeChain nodes deployed worldwide. The municipal governments participate in the VeChain blockchain network as nodes. The VeChain blockchain network offers decentralization and immunity against the data hacking that allows room for transparent information exchange. This indeed improves the efficiency of the municipal governments. The technologies used to track the logistics are:
Assigning digital identities to physical stocks that can be stored on the VeChain blockchain network Usage of RFID (Radio Frequency Identification) NFC (Near Field Communication) Proof Of Authority Consensus In-House Temperature Controlled Tracking Quick Response Codes (QR Codes) The future potential of the VeChain cryptocurrency looks quite promising as the coin is signing new partnerships every month or so. Some of its partners are PricewaterhouseCoopers, DNV GL, Renault Group, KUEHNE + NAGEL, D.I.G, China Unicom and the State Tobacco Monopoly Administration of China.
Every single company with whom VeChain partnered has millions of customers that will use the VeChain technology embedded in their system. This makes the coin solve real-life problems and have mass adoption.
VeChain indeed makes a big difference in the logistics business. However, given the kind of turmoil that the entire cryptomarket is facing where the total market capitalization has fallen from $800 Billion to just around $200 Billion, no one can give any kind of assurance on the returns in your investment in the crypto assets. However, stablecoins like Kinesis has a reward yield system that incentivizes its investors for holding, depositing and also referring new users. Hence, the investors always stay on the benefit side even if the market collapses for a short duration.
IOTA
In simple terms, IOTA is a cryptocurrency which is designed for the Internet of Things. The cryptocurrency was developed to root a new direction to IoT by establishing a standardization called, ‘Ledger of Everything’ which means that the data exchange between sensor-equipped machines would be enabled to populate IoT.
IOTA has the potential to make transactions easy. A basic use case of IOTA can be seen in IOTA enabled vending machines. These machines can dispense the items without involving the associated transaction costs. Some other use cases of IOTA are Reddit Chains etc.
Technology Behind IOTA Surprisingly, IOTA does not use the traditional Blockchain technology for its design and development. In fact, a new platform called ‘Tangle Technology’ is being used for IOTA to operate on. The Tangle Technology deploys a mathematical concept called Directed Acyclic Graphs (DAG) which resolves both the scalability and transaction fees issues which we face in blockchain based cryptocurrencies.
In IOTA, for a transaction to be valid, each node present in DAG Tangle must approve the previous two transactions occurring at the other node. And adding to a note, this process removes the chances of mining and makes the system fully decentralized.
Future Potential Keeping in mind the remarkable result of IOTA, there exists a promising scope for it in the near future in various applications and platforms. IOTA would be standing tall and different in the future world full of cryptocurrencies vulnerable to quantum computers. IOTA has a lot of companies that it is working with. Some of them include Bosch, Volkswagen,Fujitsu, Accenture, Poyry and many more.
When viewed from a macro perspective, so far IOTA looks to be fee-less, scalable and fast which makes it next to perfect. However, if you own IOTA, the chances of you liquidating it into fiat currency via a ‘debit card’ and buying something from a grocery store is quite low. In order to fill this gap of actually buying something from the street market and becoming the global currency, Kinesis has introduced its Kinesis Debit Cards that enables the Kinesis token holders to exchange their tokens against FIAT currency and simultaneously buy products from a grocery shop, something which IOTA fails to offer.
ICON ICX
Broad Overview: ICON is a South Korean based company that develops blockchain technology and accompanies the cryptocurrency called ‘ICX’. ICON is a network framework which has been designed to allow independent blockchains to interact with each other. It allows interconnected blockchain networks to participate in a decentralized system which converges at a central point.
Technology: ICX token is built on the Ethereum blockchain network. ICON has developed a loop-chain platform that connects different blockchain communities through the ICON Republic which serves as the governing head for the Federation of other independent blockchain bodies.
All the communities are linked to Republic through C-Reps (Community Representatives) which then connects to Nexus. C-Reps functions as the portals to the communities to establish a connection with Nexus. And this way the entire procedure is carried out.
Future Scope: It is believed that ICON has plans to provide platforms to financial, security, insurance, healthcare, educational industries which can help them to carry transactions on a single network. Thus, ICON (ICX) can be seen having a good time in the coming days.
Also, it has been successful in signing a partnership deal with the tech-giant Samsung where it will be using ICON’s own Chain ID for a new Samsung project called ‘Samsung Pass’. Apart from Samsung, ICON has also signed deals with PORTAL NETWORK & W Foundation.
However, it is notable that ICON is built on the Ethereum network and is an ERC20 token. Hence, the transaction speed greatly depends on the Ethereum network. Currently, Ethereum can execute 15 transactions per second which is quite low in terms of what ICON (ICX) is currently aiming for. However, to fill this gap, we have Kinesis Bespoke Technology that offers a whopping speed of 3000 transactions per second. This lightning fast speed keeps the Kinesis token way ahead than ICX token.
Enjin
Broad Overview The native cryptocurrency of the Enjin Network, the Enjin Coin (popularly known as only ENJ) follows the ERC20 token standard and is used with a smart contract-based blockchain platform. Its typical users include content creators, game developers, and other members of the gaming community, who need to use virtual tokens to manage and trade virtual goods in the gaming world.
Technology behind Enjin As an ERC20-compliant token, the ENJ functions in accordance with the rules an Ethereum contract has to implement. It is used on a dedicated platform that is designed to support open-source software development kits (SDKs), applications, plug-ins, and payment gateways. As for its users, they will be able to efficiently participate in developing, launching, managing, and trade content and game-related products on the Enjin Network, without having to deal with the technical complexities.
Summary of Potential The ENJ is expected to solve some performance issues in using similar cryptocurrencies on the market today, including payment frauds where goods are not actually delivered, slow transaction processes, lack of ownership of virtual goods, lack of transaction standards, and centralization problems.
According to its creators, the ENJ coin, which is based on a blockchain, will create a distributed, trustworthy, and secure framework where transactions can be executed smoothly and quickly with minimal transaction fees. Its autonomous and decentralized system will ensure that all offers and deals will be honored.
Conclusion Generally speaking, the Enjin Coin is good. It helps bring the benefits of blockchain to millions of people participating in the virtual goods market. Its creators are working hard to prevent fraud in the gaming world.
However, it is still a relatively new project. As such, it is still volatile. This means that you still have to take utmost care and be wise when using it.
EOS
Broad Overview EOS is considered by many people who are participating in the virtual goods market as one of the best cryptocurrencies to use, supported by a powerful infrastructure for decentralized applications. Basically, the EOS blockchain is used for the development, execution, and hosting of decentralized applications (dApps) that are traded virtually.
Technology behind EOS The EOS system is composed of two key components, which are the EOS.IO and the EOS token. As for the former, it functions like a computer’s operating system in managing and controlling the EOS blockchain, with the use of an architecture that enables horizontal and vertical dApps. As for the latter, it is held (instead of spent) by the users to be able to become eligible of building, running, and trading apps, as well as using EOS network resources.
While EOS still does not have an official full form, it supports all core functionalities to allow individuals and businesses to create and trade blockchain-based apps.
It also runs on a web toolkit for interface development, just like Apple’s App Store and Google Play Store.
Summary of Potential While there are already a lot of cryptocurrencies based on Ethereum similar to it, the EOS system focuses on the critical and problematic points of the blockchain. Specifically, it attempts to solve the problems of scalability, speed, and flexibility that often cause transaction processes to slow down, which is a common issue in blockchain-based systems.
According to its creators, EOS.IO could also address other problems that come with the ever-increasing size of the dApps ecosystem, such as limited availability of resources, constrained networks, spamming, false transactions, and limited computing power.
It is said to be able to support thousands of commercial-scale dApps without hitting performance bottlenecks by using asynchronous communication methodologies and parallel execution across its network.
Conclusion The EOS system is very advanced. It is designed to address common problems with standard blockchain-based networks. But like other new cryptocurrency platforms on the virtual market today, it still has some weak points to improve. Also, there is again the exposure to volatility, as users hold the tokens to be eligible to trade virtually.
Nebulas
Broad overview Nebulas (NAS) is a new generation blockchain and is open for public collaborations for decentralized application (dApp) development. Its adaptability and scalability are the two characteristics that could propel NAS to be one of the top cryptocurrencies, thus giving it enough leverage to compete in the market.
Technology behind Nebulas Nebulas is the first crypto running on a 3rd generation blockchain, thus making it the dominant player of the new platform. This makes Nebulas highly flexible and scalable, even giving a good leverage in future-proofing their code. That could help avoid hard forking whenever some issues come up during scaling processes.
Summary of potential Adaptability, scalability and search-ability are three of the biggest potential NAS has to offer. With the 3rd generation blockchain it uses, it can allow the adaption of other codes based from Nebulas. This means that other cryptos can adapt to its platform soon enough.
Moreover, it can also act as a blockchain search engine. This can let users search particular blockchains based on efficiency and community strength.
Finally, its goal to provide fair incentives to Decentralized Application (dApp) developers is something that collaborators could expect. This means that more developers are expected to come, thus strengthening NAS even further.
Conclusion Nebulas (NAS) is a promising crypto especially with its adaptability, scalability and search-ability potentials. It can help with the fluidity of crypto into this new generation platform. However, it still lacks the value stability that Kinesis or stablecoins hold. NAS is still unpredictable, unlike Kinesis that backs it value with real gold.
Sky
Broad overview SkyCoin is a full environment system of blockchain technology, and has the goal of endorsing the actual usage of cryptocurrency.
Technology behind Sky Sky has its own algorithm, the Obelisk, which uses the web of trust dynamics to spread influence all throughout the network to come up with a consensus decision. The consensus decision depends on each node, by valuing its influence score. The influence score of each node is determined by the number of network nodes connected to it. This depicts the importance of the node to the network.
Aside from the Obelisk, Sky also operates its own cryptocurrency which is SkyCoin, its own ICO platform Fiber, a decentralized social media platform called BBS, and a decentralized messenger called Sky-Messenger.
Summary of potential Sky focuses its potential on being a full ecosystem of blockchain technology that encourages actual usage of crypto. Through its unique algorithm which is the Obelisk and some other dApps associated with it, Sky is a promising crypto technology and could be considered as the most complete one as of today.
Conclusion Sky, SkyCoin and the Obelisk is definitely a massive platform that could be considered as a full ecosystem of crypto and its related technology. Nonetheless, the SkyCoin depends its value on node influence scores, which could change from time to time as well. This makes Kinesis and Stablecoins still a better choice, especially for investors who want clear investments without hassle.
Crypto Predictions for 2019
While 2017 had the masses captivated and investing large amounts of capital, 2018 has seen price drops and sagging hopes. While the returns in 2017 exceeded anyone’s expectations, a strong pullback was predicted by many. Whether or not this bear market continues from here is the real question many investors face today.
Bitcoin’s rapid rise and fall exposed many problems, and the developers of the top cryptocurrencies in 2019 took note. When considering your crypto investments for 2019, factor in the following trends we predict will influence investments:
More Pullbacks According to the CEO of Vellum Capital, Eric Kovalak, the price of cryptos will reach new lows before they will rebound to new heights. This includes the biggest cryptocurrencies in the market, including Bitcoin. Kovalak believes that it will be priced below $3,500 before it will find its way back up. However, there are many mixed opinions on the current price of BTC, with some arguing the bottom for the crypto markets have already been seen.
Due to Bitcoin-based remittances, uncertainty in global economies like Asia, Turkey and Venezuela, and mobile penetration, there will be a surge in interest and the price of the digital currency.
A Flood of Institutional Investors
Institutional investors have been waiting on the sideline for the ETF to rule in favor of Bitcoin. According to Mike Novogratz, CEO of Galaxy Capital, once the ETF arrives, “institutional fomo’ will start flooding the market.”
Another factor is Kinesis, the investment blockchain that provides investors with a safe and reliable alternative. Pegged against precious metals, it provides protection against volatility that may be caused by political instability.
The Kinesis Monetary System lets you own real gold or silver when you purchase the digital currency. Your ownership is then digitized and then made available for spending, trading, and transfer. What is even better, the monetary system can be used internationally, ensuring reliability of money around the world.
With the recent crisis around the Turkish Lira, the price of gold has significantly increased.
Mass adoption of crypto by consumers In January 2019, blockchain technology will be 10 years old. It remains a speculative investment to this day but 2019 could be the year of mass adoption for digital currencies.
For this to happen, however, there has to be some triggers.
Speculation should become a real utility. People must use blockchain projects in everyday life so they will gain widespread use. Decentralized applications (DApps) must gain mainstream status to promote widespread adoption of cryptocurrencies. Improved payment processing, addressing the issue on the current situation of slow transaction times and high transaction fees. Scalability of blockchain technology with little to no impact on its efficiency. To date, slow transaction times are due to the growing number of users and transaction sizes. This calls for blockchain to grow and have the ability to compete with Mastercard, PayPal, or Visa. Introduction of off-chain solutions that allow users to complete a transaction through peer-to-peer payment channel instead of within the blockchain. This will address slow transaction times. Security will be provided by the parent blockchain. Gold Is Still The Standard Despite the promises and unique functions of many cryptocurrencies, there is still uncertainty in these new markets.
Gold has remained the best form of investment throughout history, and the best store of value, especially through times of crisis in politics and economies.
Kinesis pegs its value to gold which has proven to be the safest investment in history. Therefore Kinesis stands to gain from the stability gold offers while simultaneously fusing it with the unique features of this cutting edge crypto technology.
With the Kinesis Monetary System, investing in gold is no longer the slow process that many older investors are used to. This cryptocurrency is backed by gold and silver and supports precious metals trade.
It has three essential assets.
Tokens that represent an investors ownership of gold and silver. The inherited system where performance is done. Complete blockchain security that supports investments and paves the way for the creation of new assets protected in a banking system. Most importantly, the Kinesis Monetary System allows thousands of transactions to be completed per second in a completely secure channel.
The Near Future
Even a decade later, cryptocurrencies are still very much in their infancy. At this time, no one is sure what shape this growing sector will take in the future. Many cryptocurrencies will come and go but the ones that show the most promise, that fulfill their use cases, will stick around for the long term. With any emerging technology, we have to watch how it evolves and how it merges with our everyday life, changing the way we interact with everything around us.
submitted by National_Association to CryptoMarkets [link] [comments]

The Weekend *SPECIAL EDITION*: TURKISH

SPECIAL WEEKEND EDITION

Let's talk.
Turkish Lira shit the bed Friday. I wouldn't normally worry about an emerging economy's currency as I don't trade exotics, and they tend not to cause too much trouble when they go haywire. The ramifications here are a bit different, and because of irresponsible lending by the ECB and others, along with increasing bad debt on Turkey's behalf, these ramifications have wider effects than just TRY.
The problem comes that European banks are worried about their exposure to Turkey's bad debt. Turkey is calling for ridiculous levels of rate raising to counter inflation and to try to supercharge their now weakening currency. At first, this will bolster the TRY, but the trade off will likely be much more painful: rampant inflation will likely destabilize the currency. This comes hand in hand with a stronger dollar, which hurts many emerging nations as borrowing is much more expensive and painful, slowing their growth, which then perpetuates the cycle as investors slow their capital due to lower growth targets. On top of this, Trump is moving forward with tariffs on Turkish steel and aluminum, a major export for them. Ouch!
EDIT the end point for this is a potential new European debt crisis that potentially spirals into a global correction or worse. Stay tuned, history is being made as you watch....
Esoterically, Erdogan is using the SAME TYPE of language that other dictators use during tough times. Rewind to Venezuela during their crash; both Maduro, and before him, Chavez used this same goofy rhetoric of coming together, not sparing for yourself, and offhandedly suggesting that those who are hiding money out of fear are part of the problem, are exacerbating "the enemy's" position, and are potential traitors for not believing in the central government. This is a red flag for me, as throughout history, this type of strong man language is a harbinger of worse times to come. As u/gorillaz0e has pointed out, the Lira took a dive as Erdogan started to speak as the speculators, banks, and economists saw this same thing: all talk, no substance.
There's a decent chance that ECB will float another loan to try to shore this domino up. We will see how it plays out this weekend, and Monday. Make sure you read this article and thread by u/J32926

BE CAUTIOUS NEXT WEEK. EUR, USD, and CHF are likely to be the big plays this coming week. CHF saw a huge influx of currency throughout the day; as one of our redditors said, it's nice to see it functioning as a safe haven again! If you are new, or don't know what you are doing, now is a great time for a demo account, small position, or just don't touch anything and watch.

This thread is for discussion of next week's plans. You can talk about this week, but let's have some substance.

CHECK YOUR CALENDARS

Read up on what is occurring:
https://www.marketwatch.com/story/us-stocks-pulled-into-global-selloff-as-turkeys-currency-crisis-raises-the-alarm-2018-08-10
https://www.ft.com/content/f50594a8-9c96-11e8-ab77-f854c65a4465
submitted by El_Huachinango to Forex [link] [comments]

[DIPLOMACY] A New Monetary Paradigm: Turkey and the ECB

Republic of Turkey

Ministry of Finance

[Nov/Dec 2048]
Turkey is at the tail-end of an economic slowdown, caused by fiscal uncertainty in a time of war and the globalized effects of geopolitical risk. However, the Turkish economy remains fundamentally strong, with phenomenal growth potential in its new territories in Azerbaijani Turkey and new previously-untapped trade relationships with the Middle East, Iran, and Central Asia.
The resulting growth will be of tremendous benefit to not just Turkey, but the European economy as a whole. As a close partner of the European Union, via political alignment, our membership in the Council of Europe, and free trade agreement, Turkey comes to the European Union to establish deeper monetary ties.
We propose a special relationship between the Central Bank of the Republic of Turkey (TCMB) and the European Central Bank (ECB).
While the Turkish Lira has gained international prominence due to the growing influence of the Turkish economy, the need to maintain a "war chest" of foreign exchange reserves in order to guarantee financial, fiscal, and monetary stability means productive financial resources are tied up unnecessarily.
Turkey typically maintains forex reserves equivalent to ~9% of GDP. By comparison, while Eurozone countries keep lower levels due to no need to back up their currency, the Bank of England and Reserve Bank of Australia's reserves are ~5% and ~3.4% of GDP, respectively.
We believe our mutual interests can be helped by reducing the burden on the TCMB to back up the Turkish Lira and financial system, freeing up financial resources to stimulate the economy.
The plan would mean the TCMB becomes eligible to administer Emergency Liquidity Assistance to solvent financial institutions in Turkey. Unlike European national banks which are members of the Eurosystem, the TCMB would not be autonomous in its decision making, subject to approval and oversight by the ECB itself. (m: national banks can fund financial institutions independently via this mechanism up to certain durations / amounts)
The arrangement would allow solvent Turkish institutions with adequate collateral (aka this isn't just free cash) to receive liquidity in times of financial instability, allowing the Turkish banking sector to lean both on the TCMB and ECB. Operations would be conducted, of course, in Euros -- meaning the ECB is not exposed to exchange rate risk when dealing with Turkish banks.
Eligible Turkish institutions would need to register with the ECB, meeting their criteria and subject to their oversight.
Sharing the responsibility of lender of last resort will allow financial resources to be freed up, giving an important boost to the Turkish economy and Europe-Turkey trade. We expect to move to a long-term band of 6-7% of GDP in foreign exchange reserves, freeing up roughly $38 billion.
submitted by DabsByMike to worldpowers [link] [comments]

Turkish lira meltdown

https://np.reddit.com/Forex/comments/b8k4wh/shorting_turkish_lira_easiest_ever_made_in_forex/
Looks like I was right. I predict USd/TRy to rise 40%/year (versus 20% carry cost) for many years. I will remain long until the inevitable default and it goes to 25-1 or higher . The rate will double in a single week when that happens and i will cover. Once it defaults there will probably be a bailout . Even if there is no default, the 20% return from the difference makes it very profitable . The central bank of turkey is way behind the curve in raising rates.
submitted by DonldsdTrump to Forex [link] [comments]

Underestanding the factors at play in the value of the Lira

Hello there Forex. Just joined this sub as my interest in Forex grows and has been growing for many years now but has never been enough to get me to invest. But given the current events it would be a shame if I didn't look to get some experience out of this. As a final year medical student my knowledge of economics is as extensive as a course on supply and demand curves back in school so let's keep this simple. I guess at this point the questions is weather you pour your money into USD/TRY or the other way around and at this point it seems like it's not very clear which side will be the winner and which the loser. I decided to enumerate the factors that are at play here for and against the Lira:
For
  1. Increase in interest rates in Turkey - which if my knowledge of basic economics doesn't fail me, means that foreign investment will pour into Turkish banks in the form of Turkish Lira and thus help keep the value of the currency.
  2. Other world powers such as Russia may come in and lend a helping hand to Turkey and keep them afloat.
  3. A decrease in the value of the Lira means a country more attractive to tourists and thus a thriving economy with the Lira in circulation.
Against
  1. Similarities between Erdogan's rhetoric and others like Chavez who we have seen sink their country into dirt.
  2. Doesn't seem like Erdogan will be backing down any time soon and we sure know that backing down isn't in Trump's list of things to do.
  3. Erdogan's plea to the Turkish people to sell their USD to keep the Lira afloat - He has a lot to support in Turkey so this might just play a role.
As I said before this list is by no means complete and I have zero experience in Forex and underestanding how world events influence the value of currencies, so please add and correct anything or everything written and make as much fun of me as you like. I want to improve my learning curve and so I came to you guys directly. It is an honour to me among you.
submitted by Themjcg9 to Forex [link] [comments]

Simplest and best way to trade one currency (GBP/TRY)

I have been very interested by the recent fall of the lira and am interested in investing a sizeable portion of my British pounds into the currency for two reasons. The first is a strong hunch the currency was nearing rock bottom and would rebound (perhaps that's already happened and I've missed the boat?). Obviously this is highly speculative but the more important reason is that having spent a few months living in Turkey last year I am interested in buying a property cheaply there. Buying the lira when it's so low would make this a very affordable proposition and guarantee me the opportunity at a 'locked in' rate that works for me. Even if the currency did fall further after buying I would still have this.
As I'm new to forex trading my question is, what's the simplest way for me to do this that would give me the best rate (lowest spread)? I am UK based and looking for a platform that is straightforward and simple to use that has the GBP and TRY pair. Forex.com doesn't have this pair and looks complicated for a beginner. Would I be better converting money on something like xe.com which is exceedingly simple? I'm guessing a better spread would be available elsewhere. I'm looking to invest anywhere from £10,000 to £50,000. As I said it's just the one currency I want to trade at the moment (a full initiation into forex trading may follow). If someone could advise I'd greatly appreciate it. Also if there's a flaw in my logic please point it out e.g. The likelihood house prices would rise exponentially with the currency crash.
submitted by starcapturer to Forex [link] [comments]

Erdogan says those who buy FX expecting lira to fall will pay 'heavy price'

This is the best tl;dr I could make, original reduced by 34%. (I'm a bot)
ISTANBUL - Turkish President Tayyip Erdogan said on Sunday those in the finance sector who buy foreign currencies on the expectation that the lira will fall will pay "a very heavy price", adding the Finance Ministry is carrying out work on this.
The lira tumbled more than 4 percent against the U.S. dollar on Friday, its biggest one-day fall since a currency crisis took hold in August, raising concerns that Turks are buying more foreign cash as ties with Washington deteriorate.
Central bank data showed on Thursday that forex deposits and funds including precious metals held by Turkish locals had hit a record high in the week to March 15, which economists said signalled a fall in confidence in the lira currency.
Speaking at a local election rally in Istanbul, Erdogan said "Some people" had begun provoking Turkey and that they were attempting to make the lira decline against foreign currencies with their cooperators in Turkey.
"I am calling on those who engage in such activities on the eve of elections, we know all of your identities. We know what all of you are doing. Know this, after the elections, we will present you with a heavy bill," he said.
The report seen by Reuters said it saw a high risk that the lira would decline after the local election, recommending clients to go "Long" on the U.S. dollar.
Summary Source | FAQ | Feedback | Top keywords: election#1 lira#2 bank#3 local#4 currency#5
Post found in /worldnews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Turkish lira tumbles 5 percent, central bank acts on swap limits

This is the best tl;dr I could make, original reduced by 55%. (I'm a bot)
ANKARA - The Turkish lira plunged as much as 5 percent against the dollar on Thursday as investors continued to fret about moves by Turkish authorities to withhold lira liquidity from the London market.
The central bank has made a series of moves to underpin the lira this week and bankers said it took a fresh step on Thursday, raising its total lira swap sale limit to 30 percent from 20 percent for swap transactions that have not matured.
It had raised the limit to 20 percent on Monday from 10 percent in a move aimed at increasing the bank's forex reserves, which fell sharply in the first two weeks of March.
The London overnight swap rate plunged to 180 percent on Thursday, Refinitiv Eikon data showed.
The cost of Turkey's debt rose, with the yield on the benchmark 10-year bond climbing to 19.12 percent from 18.21 percent on Wednesday.
The main Istanbul share index, which weakened more than 12 percent in the week to Wednesday's close, rose 0.75 percent on Thursday morning.
Summary Source | FAQ | Feedback | Top keywords: percent#1 lira#2 bank#3 Wednesday#4 week#5
Post found in /worldnews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Turkey’s banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than 4 percent and the main share index fell sharply on Friday

This is the best tl;dr I could make, original reduced by 53%. (I'm a bot)
ISTANBUL - Turkey's banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than 4 percent and the main share index fell sharply on Friday.
The BDDK watchdog said on Saturday it received complaints that a report JP Morgan published on Friday hurt the reputation of Turkish banks and caused volatility in financial markets.
The Capital Markets Board of Turkey also said it had launched a probe after receiving complaints that a JP Morgan report was "Misleading" and caused speculation on the Istanbul bourse.
The central bank said on Friday it was suspending one-week repo auctions "For a period of time", a policy tightening move to squeeze market liquidity and support the lira.
A copy of the JP Morgan report seen by Reuters said it saw a high risk that the lira would decline after local elections set for 31 March, recommending clients to go 'long' on the U.S. dollar.
The watchdog did not say which those banks were, or if they were Turkish or foreign.
Summary Source | FAQ | Feedback | Top keywords: bank#1 Friday#2 Morgan#3 lira#4 decline#5
Post found in /worldnews, /Forex and /Economics.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Shortest Forex Trading Video Turkish Lira Japanese Yen ... Best Forex Brokers In Turkey 2020 (Beginners Guide) - FxBeginner.Net Rumored Buzz on Turkey raises forex sales tax in another ... turkey currency to inr  pound to lira  currency exchange rate in turkey  turkish lira to usd USDTRY Turkish Lira Slips Through Key Level, Dollar asserts over EURO too USD/TRY Analysis 2019 Forex Turkish Lira Price Prediction ... EM Forex: Lira and Rand

USD/TRY: Lira Stabilizes After Turkey’s Central Bank Delivers Surprise Rate Hike ... FOREX.com is a trading name of GAIN Capital UK Limited. GAIN Capital UK Ltd is a company incorporated in England and Wales with UK Companies House number 1761813 and with its registered office at Devon House, 58 St Katharine’s Way, London, E1W 1JP. GAIN Capital UK Ltd is authorised and regulated by the ... The Forex trading market is highly competitive with thousands of Forex brokers trying their best to attract the clients. The Forex brokers go any extent to attract their clients – they offer No Deposit Bonus, 100% Bonus on Deposit or Free Trading Signals, etc.As a trader, you must understand the reality, and don’t just go by too good to be true offers. Turkey, lira, Erdogan: Swamps of greatness. Mon 5 Oct 2020 18:28:38 GMT. Author: FBS Category: News. share. A look at the state of play in Turkey. Why you are reading this. Because you can trade ... Get Turkish Lira rates, news, and facts. Also available are Turkey Lira services like cheap money transfers, a TRY currency data, and more. USD/TRY: Lira Stabilizes After Turkey’s Central Bank Delivers Surprise Rate Hike Matt Weller, CFA, CMT September 24, 2020 12:19 PM ... FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not ... Forex trading in Turkey has recently been subjected to radical new regulations that have certainly had an impact on the market. The Turkish government announced new rules, earlier in 2017, that no Turkish resident was allowed to trade with a foreign Forex broker that does not hold the required CMB license. While this has placed limitations on trading Forex, it is still widespread practice for ... Turkey is a popular travel destination amongst us swedes, but due to unstability lately, less people travel to Turkey right now. The currency in Turkey is called Turkish Lira (TRY), and has been used in different versions since the nineteenth century. EUR/TRY: Aktueller Euro - Türkische Lira Kurs heute mit Chart, historischen Kursen und Nachrichten. Wechselkurs EUR in TRY. Die Lira hat seit Herbst 2010 fast 80 Prozent an Wert verloren. Achtzig! Im Chart TRY/EUR ist das Debakel grafisch sichtbar. Zehn-Jahres-Chart Türkische Lira in Euro. finanztreff.de. Während ... Turkish Lira exchange rates and currency conversion. Turkey currency (TRY). Track Lira forex rate changes, track Lira historical changes. Directory of best currency transfer providers, compare to exchange rates when sending money from Turkey

[index] [23403] [1061] [16645] [28260] [7385] [16233] [19155] [11943] [4727] [4844]

Shortest Forex Trading Video Turkish Lira Japanese Yen ...

Shortest Forex Trading Video Turkish Lira Japanese Yen Learn more. https://www.stochastic-macd.com/forex-trading-hours https://www.stochastic-macd.com/knowin... Hello my dear USDTRY Turkish Lira traders, Forex friends, merhaba arkadaslar! ;) Erdogan just let the central bank president Cetinkaya go: He argues that the... Finding the best brokerage firm as a Turkish can be a difficult process. Especially getting the ones that accept Turkish traders and would allow you invest in your currency, the Turkish lira. Don ... *Trump ready to put sanctions on Turkey *Turkish Lira isn't facing any serious selling pressure *Rand bounced from its 100-day moving average In this video, we match the fundamental with technical ... Hello friends, welcome to my Youtube channel, whose name is online Jaidev, here I will give you information about the price of all these things related to fr... Turkish Lira loses '6', Dollar Strength EURO sick as a Canary - Duration: 18:02. ... 95% Winning Forex Trading Formula - Beat The Market Maker📈 - Duration: 37:53. TRADE ATS Recommended for you ... CLICK HERE FOR MORE INFO: https://rebrand.ly/forex33 And start earning in the Forex Market Now! In our growing multinational corporate atmosphere, there are ...

https://binaryoptiontrade.ghoseninecin.gq