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.
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.
The next Bitcoin bubble will pop the dollar!
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thanks bro
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You're most welcome.
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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).
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this is just a treat, nothing can stop crypto market
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Hell yea! dude AI, Block chain , and Crypto-Currencies are a thing of the Future! ...
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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.
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OMG really??
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yup, you can check it in the web esp on youtube videos and google publications
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my btc 😭
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The brawl is now in the world with cryptocurrency.
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cryptoworld is so complicated. lol
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I agree.
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Yes will come on a lot, especially as you said Betcoin did not recover from the last fall yet
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hopefully it will recover soon. For now its best to invest in altcoins.
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It was always gonna be a battle of government and banks vs the blockchain.
Lets see this through hodlers!
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time will tell the future of crypto
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thanks for sharing crypto news.
carry on
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welcome
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most welcome
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So much to be thought about. Good to be good.
carry on. thanks for sharing
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:)
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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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This is the best post on Steemit visit my blog and vote me
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Indeed will go ahead a ton, particularly as you said Bitcoin did not recuperate from the previous fall yet.
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Informative post.Thanks for sharing it
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Lets start with the question if Crypto currency could be used as a normal curency like your dollar , baht , euro , or pesos . So first of all The worth of cypto currency is changing all the time so you could buy a house with your bitcoins oneday and on the following you would just be able to affort a Sandwitch with the same amount of Bitcoins. This does happen beacause Bitcoin or any other Crypto currency is worth anything beacause people think, beacause people believe in this projekt, Bitcoin, Litecoin, or Steemdollar do not have a worth, there are just worth anyting beacause people believe that this virtual money is worth anyting.
Second there is no equivalent in gold or anyting valuabe. ( Euro or dollar are equivalent to the gold reserves )
These reasons are enough to say that this currency, that way it exists today will never be able to be used as the "money of the future".
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Me i took the opportunity to create different portfolios at low prices that have had up to + 60% increase since yesterday so closing for me is just the best time for those who understand the principle "sell when they are greedy, buy when he's scared"
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@elizahfhaye may be govt officials are interested in crypto currency. At one side they shut down it on the other side looking for drop in price of crypto so they purchased a lot of cryptos. It's just a theory. All the best to cryptonians. keep sharing @elizahfhaye
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what is the reason that all the coins price is down ?
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Sneaky Ninja Attack! You have been defended with a 6.38% vote... I was summoned by @elizahfhaye! I have done their bidding and now I will vanish...Whoosh
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Anyone else much prefer, transacting on crypto rather than traditional banks? Fast and East. Money safe whats not to love
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We should be careful not to confuse a price rise from the effect of something else, I’m sure many of us believe that crypto is better than the U.S. dollar long term
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Thanks for the post Eliza!!Does it not make sense that the market mostly increases around salary dates (23 - 31 of month) irrelevant of world affairs, because a huge number of investors are part of the working force globally and sometimes have to wait for pay day before making new investments???
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