government shutdown

[birdman1400]

how will government shutdown effect btc?

[hayek]

Litecoin responded positively but I think it was just the market settling.

Crypto won't care, like the honey badger

[Gimmelfarb]

no effect. i don't see why there would be a perception of effects on financial markets/speculative assets, but maybe i am missing something here?

[CurbsideProphet]

It won't.

This.  Stock market up almost 1% today.  It's going to take a much bigger catalyst than this or the debt ceiling or something else trivial.

[DiamondCardz]

how will government shutdown effect btc?

Search function usage will suffer serious decline:
https://bitcointalk.org/index.php?topic=305605

And thread quality will drop to a value close to 0. OP, use the search function.

To answer your question, BTC will attract a lot more interest, and governments will be put under massive scrutiny by the public. It isn't currently a good idea for governments to attempt to shutdown Bitcoin.

[countryfree]

We'll see repercussions on the country's economy, or on the street, before it affects BTC.

[theonewhowaskazu]

the debt ceiling is much more likely to affect BTC price than government shutdown. Government shutdown has more to do with employment/economy/general well-being than currency/debt. It does undermine the trust in government just a bit more, though.

[johnyj]

It's very interesting to see that people have a strange trust in USD, they might believe that even the government went bankrupt, the USD will still hold its value

Before, I thought the USD's trust largely comes from the backing of the government, it seems not so, people regard money as a very abstracted concept

[zachcope]

Which government?

  USA will hold on to their dollars untill the bitter end...