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Topic: government shutdown (Read 1283 times)

full member
Activity: 209
Merit: 100
October 02, 2013, 07:39:29 AM
#9
Which government?

 Grin USA will hold on to their dollars untill the bitter end... Cry
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
October 02, 2013, 05:59:29 AM
#8
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
sr. member
Activity: 448
Merit: 250
October 01, 2013, 01:59:01 PM
#7
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.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
October 01, 2013, 01:14:11 PM
#6
We'll see repercussions on the country's economy, or on the street, before it affects BTC.
legendary
Activity: 1134
Merit: 1118
October 01, 2013, 01:12:53 PM
#5

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.
hero member
Activity: 672
Merit: 500
October 01, 2013, 12:59:29 PM
#4
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.
hero member
Activity: 658
Merit: 500
October 01, 2013, 12:46:16 PM
#3
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?
sr. member
Activity: 370
Merit: 250
October 01, 2013, 11:27:37 AM
#2
Litecoin responded positively but I think it was just the market settling.

Crypto won't care, like the honey badger
newbie
Activity: 8
Merit: 0
October 01, 2013, 10:21:34 AM
#1
how will government shutdown effect btc?
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