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Replying to Avatar TheBitcoinManual

I am actually surprised the deflation isn't hitting faster, I mean you pushed equities down (not that there isn't room for more) job markets are a mess with some people not willing to come back yet, and others firing in bloated sectors like tech and finance, then that puts pressure on real estate, credit card and auto if people cant service that, so defaults start creating more deflation or so I was told it would unravel

While the US is the market to watch, I am also looking at those developing markets like Egypt and Turkey who are desperately trying to keep their currencies above water as capital flows to the dollar for that "Risk free" return

I'm still watching it all wondering where this is all going?

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DeWe 2y ago

I am living in the Turkish Republic of Northern Cyprus, because it´s 100% tax-free for foreigners and because I have Bitcoin-exchange-offices every 5 miles here. Nobody here is trusting the Turkish Lira anymore. Everybody just hold what he needs for living. The main currency traditionally is GBP but also EURO and USD. But buying cars or houses with Bitcoin is no problem here. TL inflation is around 120% here. Crazy.

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ricko 2y ago

💯 Crazy 😳

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