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Crypto rising on govt shutdown?
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Date: January 19th, 2018 7:12 PM Author: greedy generalized bond stage Will be interesting to see how this effects prices. (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192438) |
Date: January 19th, 2018 7:18 PM Author: blue volcanic crater messiness Why would the government shutting down cause people to buy more crypto? Not saying crypto won't rise during the shutdown (it tends to rise alot anyways), I'm just not sure how one would directly effect the other. (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192475) |
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Date: January 19th, 2018 7:21 PM Author: greedy generalized bond stage Increased fear over the govt's ability to function in a way that supports a major fiat currency. Isn't this the whole point of crypto, other than mindlessly shilling coins on social media. (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192493) |
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Date: January 19th, 2018 7:26 PM Author: blue volcanic crater messiness Yea I guess so, but I'm not sure how much this would drive people to seriously take their money out of USD. Most people remember the last shutdown a few years ago, and consider it stupid political grandstanding. If the government stays shutdown for 6+ months, that is another story. (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192521) |
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Date: January 19th, 2018 7:28 PM Author: greedy generalized bond stage Longer it goes on, the more price could rise. (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192542) |
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Date: January 19th, 2018 7:26 PM Author: swashbuckling church building kitty cat Exactly. It's not that big of a leap to make dude. (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192524) |
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Date: January 19th, 2018 7:32 PM Author: blue volcanic crater messiness So if the government shuts down tonight at midnight, tomorrow you are going to put $20,000 into the crypto market due to fear of the "government's ability to function"?
Crypto is the last place on earth I'd put money if I were worried about societal stability. It is completely useless in the real world, and fluctuates wildly for no reason at all.
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Date: January 19th, 2018 8:01 PM Author: swashbuckling church building kitty cat I never said I would, but there are a bunch of low IQ guppies who just might. (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192728) |
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Date: January 19th, 2018 7:36 PM Author: Spruce electric furnace No one investing in crypto is thinking, "Well the US may not pay their debt! Time to buy more VeChain!" (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192597) |
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Date: January 19th, 2018 7:43 PM Author: greedy generalized bond stage BTC/ETH is the shutdown play (already risen a few percentage points in the last few hours) (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192623) |
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Date: January 19th, 2018 7:45 PM Author: blue volcanic crater messiness What would compel a South Korean to buy Bitcoin due to the government of the United States shutting down?
Are these all American buyers pumping the price of crypto right now? |
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Date: January 19th, 2018 7:45 PM Author: blue volcanic crater messiness Edit: dupe (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192637) |
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Date: January 19th, 2018 7:47 PM Author: greedy generalized bond stage I'm not saying it's entirely logical..But the link exists, and the longer the shutdown goes on, the more people get the appeal of crypto (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192649) |
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Date: January 19th, 2018 7:49 PM Author: blue volcanic crater messiness In times of fear, people generally do not flock to extremely risky and volatile investments, but tally-ho brother. (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192665) |
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Date: January 19th, 2018 7:54 PM Author: greedy generalized bond stage I'm not suggesting every American is going to dump their bank account into crypto and start pushing Burger King to accept LTC..But the less trust people have in government in general, the stronger the argument for crypto (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192694) |
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Date: January 19th, 2018 7:42 PM Author: Cobalt point pistol government shuts down all the time. what's most infuriating is that the shutdown is a paid vacation for federal workers. jesus our government sucks. (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35192620) |
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Date: January 19th, 2018 10:05 PM Author: greedy generalized bond stage (http://www.autoadmit.com/thread.php?thread_id=3864908&forum_id=7#35193375) |