Turkish Lira crashing - How to take advantage? Via

[bio]

The Turkish lira is losing value every day.

Any ideas on how to make the most out of this opportunity?

Are properties priced in Lira or USD? Perhaps a good time to take advantage of their CBI program? Get a good deal on real estate + a citizenship, then re-sell in a few years?

 

[void]

I know nothing specific about the Turkish environment and if it's feasible but taking loans in any weak currency and instantly buying BTC is a good strategy.

 

[TheCryptoAnt]

bio said:
Any ideas on how to make the most out of this opportunity?
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Get loan in TRY, buy USDt with it. Look for yield in DeFI and profit the difference.

bio said:
Are properties priced in Lira or USD?
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Unfortunately USD

bio said:
Perhaps a good time to take advantage of their CBI program? Get a good deal on real estate + a citizenship, then re-sell in a few years?
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Decent CBI ngl, some decent properties in Istabul.
Not clear if you'll make money on the property tho as they may default and all markets will tank right after.

 

[JustAnotherNomad]

TheCryptoAnt said:
Get loan in TRY, buy USDt with it. Look for yield in DeFI and profit the difference.
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Where do you get a loan in TRY as a nonresident?

 

[TheCryptoAnt]

JustAnotherNomad said:
Where do you get a loan in TRY as a nonresident?
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mmm unclear to me sorry. Id start calling banks and tell them my plan maybe you get lucky.
Easier if you can post a Turkish property as collateral, for sure.

 

[jafo]

TheCryptoAnt said:
Unfortunately USD
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Uuufffff...deal killer!