The World of Cryptocurrency - US Government Shutdown

in #news6 years ago

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There is a news yesterday that creates an intense buzz in the cryptoworld whether it will be affected by the event that was taking place in the US right now. Speculations and opinions were sprouting like mushrooms on the web and many of our fellow cryptonians were worried on its effect in the cryptoworld - Bitcoin has not yet recovered from its recent drop and now this US situation will add bitcoins' injury for the past few weeks.

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The United States government has chosen to shut down due to a failed Senate bill and we could see that it has an effect on the cryptocurrency market. But contrary to some speculations, the crypto market rise up right after the government's shutdown was announced at midnight Eastern Standard Time. We can see that obviously, people are hedging their positions against the US dollar with this government shutdown news which causes a large strain on the United States economy and its dollar as a whole in which Bitcoin is measured against. It makes sense that people are buying the virtual coin and this is a very good sign for the cryptocurrency market because it shows people were starting to believe in it and it's been proving to hold a value in times of uncertainty. But still, it is too early to conclude that crypto got its rise due to the US government shutdown. Only time will tell what the future will be for us - the cryptonians.


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The next Bitcoin bubble will pop the dollar!

thanks bro

You're most welcome.

Actually this US Gov shutdown is a non-event - just some tiny local political fight btw reps and dems. Ignore it and stick to the market fundamentals instead (find your fundamentally strong crypto gems).

this is just a treat, nothing can stop crypto market

Hell yea! dude AI, Block chain , and Crypto-Currencies are a thing of the Future! ...

I agree it is a non-event, it happened before and nothing changed it will happen again in the future and yet people will still get scared each time, just like when the crypto market crashes or corrects and then goes through the roof again.

OMG really??

yup, you can check it in the web esp on youtube videos and google publications

The brawl is now in the world with cryptocurrency.

cryptoworld is so complicated. lol

Yes will come on a lot, especially as you said Betcoin did not recover from the last fall yet

hopefully it will recover soon. For now its best to invest in altcoins.

It was always gonna be a battle of government and banks vs the blockchain.

Lets see this through hodlers!

time will tell the future of crypto

thanks for sharing crypto news.
carry on

welcome

most welcome

So much to be thought about. Good to be good.
carry on. thanks for sharing

:)

its a shame that they went into a shutdown, glad it didnt have much effect on the cryptosphere, today all coins seem to be trading i the red zone

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