616 sats \ 1 reply \ @davidw 4 Jan \ on: My Experience of Living in Turkiye under Soaring Inflation 🇹🇷 bitcoin
Amazing write-up.
Great to see you are skill and sat stacking, but have you found your own purchasing patterns change at all too, over the time you’ve been there?
Locals take on credit, bulk buy and perhaps over-consume, but it sounds like if anything you’ve taken the opposite tact with Bitcoin up your sleeve. Only purchasing what you need for any given week. Is that accurate, and has it caused any confusion for locals/friends?
Great to see you are skill and sat stacking, but have you found your own purchasing patterns change at all too, over the time you’ve been there?
I feel it's more like slowly climbing up to the consumer ladder, seeing what's inside, I've graduated from
stage 1. wow, it's so much cheaper buying some international brands here, I guess it could be due to
- many products are made here
- Lira inflation
- brands need to adapt to local purchasing power
stage 2. hmmm actually, there are so many nice local Turkish brands, like way better.
stage 3. OMG, it turned out I can make my own things here with craftsmen!
Locals take on credit, bulk buy and perhaps over-consume, but it sounds like if anything you’ve taken the opposite tact with Bitcoin up your sleeve. Only purchasing what you need for any given week. Is that accurate, and has it caused any confusion for locals/friends?
correct, I only buy what I need; some local friends do the same like me, especially the ones earning foreign currency 👀 but I think cutting out over-consumption is a sure win in the long term - good for your body and the mind:)!
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