Shorting involves finding someone willing to bet the opposite way. If you think a pattern is obvious, other people will too, and that will make options expensive, reducing your gains.
(In general.)
If you can convince someone in Turkey to lend you money at a cheap rate, then you can pay it back later in inflated currency. Of course, banks generally jack up interest rates when inflation gets high, but sometimes they are forced not to (and it is usually the ruling class that is allowed to take advantage of those loans).
In general, you can only make money on these things either via information asymmetry or flat out corruption.
Maybe? If you had bought USD/TRY two years ago you would have doubled your money by now. But the same is true if you had bought shares of Google. Nobody can predict the future.
No. There is very little downside left to profit on at this point. The time to short has already passed, there’s better opportunities out there. Be bullish about something.
You could look to short as Turkish ETF ($TUR) in the interim.
Well, I am going to Turkey for couple of months this spring.