Government Shutdown Vs. Crypto
Two factors seems to be true:
The government will likely shutdown temporally, due to not passing a budget in time for continued funding. This (self-created crisis) will last between 1 day to a few months depending on how useless our congress and "representatives" decide to be.
The Crypto Market is recovering from Jan 17th Market correction @:
Bitcoin: High $17,000(1-6-18) to Low $9,833 now trading at $12,475
Ethereum: High $1,400 (1-13-18) to Low $ 838 Now trading at $1,115
Litecoin: High Of $291(1-6-18) to Low $155. Now trading at $211.
This indicates the blockchain has had between 20%-30% correction @
Bitcoin : - 29.4% Correction
Ethereum : - 21.4% Correction
Litcoin : - 27.5 % Correction
In last three days, the trends are back on the rise.
How will the government shut down influence the Cryptocurrency world?
It is important to remember, the reason for the rise of blockchain currencies, is because of the common persons increased skepticism and mistrust towards central banking, fiat currencies, media false flags campaigns and government corruption.
A Government Shutdown, will cause an INCREASE in value to the blockchain,
I am buying before Monday.
What do you think?
Not sure on a correlation but I hope all the coins sky rocket on Monday. lol. I'm hold about 50 different coins at the moment.
Do you trade cryto? I ask because I am only using coinbase(which charches 7.5% per transaction-BOO!) and am looking for a better platform. Any ideas?
What you need to do is setup a GDAX account. Its connected to coinbase. You can transfer your coins from coinbase to gdax for free. Then send out for .25% to other exchange. I have accounts at a few other exchanges Bittrex, Binance etc. Those are where you can exchange for all the other coins. I look at this chart daily to see whats going on with all the coins. worldcoinindex.com
I am intrested to see if you are right. I have few spare hundreds of steem currently and I think is should sell. I did a mistake of tossing too much into steem power.