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Author Topic: Government Shutdown Didn't Increase BTC Value  (Read 2349 times)
mogrith
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October 10, 2013, 06:41:06 PM
 #21

Well, the important questions is on the 17 October.

If the raising fails, then there may be more people like to buy BTC or equivalent such as silver, gold, crude oil, copper.


a real shutdown will never happen. why make a shutdown when you can print your own money for free? raise the debt limit to 999999999999999999999999999999999999999 $ and be quite....  Roll Eyes

Because both parties believe that a default will hurt the other guy more than them. They are more interested winning the stare down than the lives of the people that voted for them.

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October 10, 2013, 07:03:42 PM
 #22

If not the SR fiasco it would have.
You can also see how quickly it recovered from the 20%+ drop.
Johnny Bitcoinseed
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October 10, 2013, 07:50:09 PM
 #23

Well, Bitcoin is still relatively new and the majority of people do not even know what it is.  Because so many millions of people depend upon .gov for a living ie welfare, social security, jobs, pensions, contracts, etc, many people are holding off making any purchases.  Which includes purchasing bitcoin.

After all, if it were between paying your bills and feeding your family or buying some bitcoins, which would you choose?

This is borne out by observations several of my friends who own businesses have made: customer spending has dropped over this last week or so.

Sincerely I am, Johnny BitcoinSeed .com
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October 16, 2013, 11:57:05 AM
 #24

seems to be doing the trick now  Grin

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hulk
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October 16, 2013, 01:16:49 PM
 #25

BTC should drop instead because government shut-down everything including the printing machine Smiley

erk
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October 16, 2013, 09:33:44 PM
 #26

The US government shutdown was a fake to manipulate public opinion, all those government workers laid off are getting back paid. Therefore they cost the tax payer exactly the same, but they got a weeks holiday with pay! They will probably get another week in February next year.


The US are trying to convince the public that big government and austerity are necessary. Where in history have we heard that story before?


Because the crisis is a fake, it's no great impact on BTC. What it does do is undermine the other countries confidence in the US government, and they might start working on ways to reduce exposure to USD. eg. the deal two Australian banks did back in April to be able to trade directly with the peoples bank of China.

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