Bitcoin value tumbles almost 50% since record November

Re:Bitcoin value tumbles almost 50% since record November by sgt101 on Monday January 24, 2022 @12:17PM (#30060666)

Odd, I see a 38% gain for the Lira this year. Do you see something different? Also poor people tend to try to avoid inflation on a time scale of months, they can't hodl because they need to get their kids their dinner.

[ Parent | on HN ]

Re:Bitcoin value tumbles almost 50% since record November by hickimsedenolan on Monday January 24, 2022 @12:47PM (#30061130)

USD/TRY was 9.60 in October 24th, 2021, and 13.50 now. That's almost a 30% drop. It was also 18 at some point in November.

[ Parent | on HN ]

Re:Bitcoin value tumbles almost 50% since record November by sgt101 on Monday January 24, 2022 @12:59PM (#30061293)

BTC/TRY was 591572 24/10/2021 and it's 481599 now - 19% drop over that period.

[ Parent | on HN ]

Re:Bitcoin value tumbles almost 50% since record November by hickimsedenolan on Monday January 24, 2022 @01:06PM (#30061422)

That's correct, but it should be noted that Lira's drop is solely caused by the government's mismanagement.

[ Parent | on HN ]