Everything that has to do with fiat money will always be synonymous with having all registration and enough identification, between bitcoin and the dollar should not be put in competition, it is money, fiat and bitcoin are money, the fact that bitcoin be more Valued than fiat money itself is something that governments cannot control, much less banks, so these things are what make bitcoin different and always make money, that's why the constant bitcoin attack makes me Choose between bitcoin and dollar? I choose bitcoin.
Topic: Bitcoin and dollar (Read 315 times)
It should be noted that Bitcoin is a special cryptocurrency, and its volatility is often explained by many different factors, not just dollar value. The valuation of cryptocurrencies in dollars affects not only Bitcoin but also the entire crypto market. The value of a dollar exchange rate cryptocurrency will be calculated by dividing the value of that cryptocurrency by the dollar value at that time. So, if the dollar value increases, so will the value of the dollar exchange rate cryptocurrency, and vice versa. This can be explained by observing the investment in cryptocurrencies. For many investors, the dollar is still the standard currency and it is used to gauge the value of assets because of its stability. So, when the dollar increases in value, investors will tend to sell less cryptocurrencies and switch to invest in dollars or assets in general that are priced in dollars, leading to a decrease in the price of the currencies.
Well I am not in dollar using state so I can't really tell. But I believed it will affect it indirectly because the rising and falling of the dollar affect the fiat currency and bitcoin must be converted or changed to the fiat currency before spending. So if dollar comes down your country currency will rise and when dollar rise you country currency will comes down though all depends on the country's economic strength. If the country economy is weak the it will affect it badly.
Well, I strongly think that it depends on how you look at it, but we should know that everyone has their own perspective because they've got other factors to consider. For example, a person is living in a different country where dollar is not their used currency.
That said, I believe that Bitcoin and dollar isn't connect directly or indirectly. It's just that the US dollar is used as a conversion of bitcoin and other cryptocurrency. But anyway, I'm somehow confused whether my belief is right or wrong, nevertheless, please feel free to correct me.
Bitcoin is not pegged to the dollar. It mainly uses the USD as s refrrence point for its price to give the people a better impression of what bitcoin's value is at the moment, but that doesn't mean that the dollar's valuation is directly correlated to bitcoin's worth.
One good example that signifies this is when dollar plummetted to the ground last year. It experienced one of the worst inflations it has ever experienced in the past, and yet even though the public expected bitcoin to lose value during said timeframe, it pumped in value and continued to do so for a little while brfore stabilizing.
One good example that signifies this is when dollar plummetted to the ground last year. It experienced one of the worst inflations it has ever experienced in the past, and yet even though the public expected bitcoin to lose value during said timeframe, it pumped in value and continued to do so for a little while brfore stabilizing.
Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin
Or does the pricing of dollar value have no effect on Bitcoin
That's what you call Risk on and Risk off in the marketplace.
When the risk is on, people will tend to take their money from their investments which means the dollar will go higher and risk assets such as sticks o btc will go lower. When risk is off in the market, people are aggressive in the market where they buy risk assets. Conversely, dollar will go lower and bitcoin will go higher.
Another thing is interest rates, higher interest rates, bullish on dollar, bearish on bitcoin, and other coins especially those which are paired with USD/USDT.
Among other coins versus BTC, you can use BTC domination instead.
That's their market correlation, other than that, the market moves through liquidity to where willing buyers and seller reside their orders.
Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin
Cryptocurrencies are not valued using the dollarOr does the pricing of dollar value have no effect on Bitcoin
And this is a fact. It's no complicated formulas. To which ever you pair the BTC against, it's as simple as you measuring the values against another asset or currency.
Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin
In my opinion, it is obvious that over time, due to inflation, the dollar will always lose its position compared to bitcoin, since dollars will continue to print further and their number will only increase, and there will be a limited amount of bitcoin, only 21 million. Although now they say a lot that inflation has been slowed down, you understand that there is a level of inflation that is shown to us and a real one that we every time see how the prices of goods and services rise. Or does the pricing of dollar value have no effect on Bitcoin
I think when the value of the dollar goes down it will increase the demand for the price of bitcoin because people will see it as a safer way to store value there than devaluing the dollar, and obviously a depreciation of one dollar will have an impact on increasing the price of bitcoin, because for sure the demand will greatly increase all factors simultaneously simultaneously constant at the same time and vice versa.
However, on the downside, a decline in the dollar can also lead to a wider or global economic and financial crisis as more people will focus or prioritize their basic needs instead of investing including crypto or bitcoin due to lack of resources.
However, on the downside, a decline in the dollar can also lead to a wider or global economic and financial crisis as more people will focus or prioritize their basic needs instead of investing including crypto or bitcoin due to lack of resources.
Fiat currencies are also often valued in the USD. It's just used as a common point of reference because, given the US dominance in the world and the reliance of many countries on the USD reserves, it's presumed that most people are familiar with the value of dollar (they understand what sort of stuff can be afforded for $1, $15, $100, etc.), so it's it's convenient to measure value by using the price in the USD. However, the op is correct that the USD isn't actually completely stable and continues losing value. So Bitcoin costing $20k in 2017 and Bitcoin costing $20k in 2022 are two fairly different $20k. Adjusted for inflation, $20k in 2017 is around $24.5k now, actually. But considering that it's hard to account for this and also considering that the difference isn't huge over a small number of years, we just roll with it.
Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin
Or does the pricing of dollar value have no effect on Bitcoin
People usually use what they are familiar and comfortable with. Until it becomes more convenient to value everything in bitcoin, the dollar peg to the price will most likely remain. Largely because it's a quick estimate and the dollar itself is comparatively strong against other currencies. When bitcoin becomes less volatile and more widely used for payment, it is likely that people will shift to bitcoin in their valuation of other goods, services, and currencies, but this is unlikely to happen soon.
Let's say that it is indirectly affecting bitcoin's price. The factor that affects bitcoin price is its supply and demand and aside from that the news that circulates around the economy but its valuation through USD could have a bit of affection on it but barely felt.
So, by that means, it's really unpredictable and with too many factors that affects the price of bitcoin that revolves around its own bitcoin economy.
More or less, it's indirect. When USD weakens, bitcoin becomes more valuable but when the opposite happens bitcoin is affected negatively, it is an influence but it's not a direct impact so the relationship of bitcoin and USD isn't something we shouldn't worry too much.
Yeah, this is the summary that we can think of I guess. Remember that during the covid-19 pandemic started, most things are pretty low but then bitcoin has gone way up and did the opposite.So, by that means, it's really unpredictable and with too many factors that affects the price of bitcoin that revolves around its own bitcoin economy.
Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin
Cryptocurrencies are not valued using the dollarOr does the pricing of dollar value have no effect on Bitcoin
More or less, it's indirect. When USD weakens, bitcoin becomes more valuable but when the opposite happens bitcoin is affected negatively, it is an influence but it's not a direct impact so the relationship of bitcoin and USD isn't something we shouldn't worry too much.
it's important to note that the relationship between the US dollar and cryptocurrencies is complex and can be influenced by many factors, including demand and supply dynamics, market sentiment, and regulatory developments.
Meanwhile the simple answer to your query is Yes, Yes, fluctuations in the price of the US dollar can indirectly affect the price of Bitcoin and other cryptocurrencies, as many cryptocurrencies are priced in US dollars on most exchanges.
Meanwhile the simple answer to your query is Yes, Yes, fluctuations in the price of the US dollar can indirectly affect the price of Bitcoin and other cryptocurrencies, as many cryptocurrencies are priced in US dollars on most exchanges.
The price of Bitcoin and other cryptocurrencies can be influenced by many factors, including the value of the dollar. Fluctuations in the dollar's value can indirectly affect the price of Bitcoin, as the dollar is often used as a benchmark for other currencies and assets. However, it is important to note that the price of Bitcoin is also influenced by a wide range of other factors, such as supply and demand, market sentiment, and regulatory developments. Therefore, it is difficult to predict exactly how changes in the dollar's value will impact the price of Bitcoin.
Well I am not in dollar using state so I can't really tell. But I believed it will affect it indirectly because the rising and falling of the dollar affect the fiat currency and bitcoin must be converted or changed to the fiat currency before spending. So if dollar comes down your country currency will rise and when dollar rise you country currency will comes down though all depends on the country's economic strength. If the country economy is weak the it will affect it badly.
Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin
Cryptocurrencies are not valued using the dollar, but since USD is the currency that the whole world uses to show the value of things if they are to be represented internationally, so do the exchanges and the platforms for cryptocurrencies including Bitcoin. So basically, Bitcoin isn't directly or indirectly connected with the dollar, but it is just that its value is counted with it.Or does the pricing of dollar value have no effect on Bitcoin
So, as others already said, if USD devalues, that will only decrease its purchasing power and that wouldn't basically bring a significant change in the price of Bitcoin like it won't go to $29k from $28k or so, but it will need one to have more USD to buy the same amount of Bitcoin that one could buy with less USD earlier before the devaluation.
It looks like dollar has already been oversold against major currencies like GBP, EUR, CAD and AUD and BTC too.
We may see some retracement before BTC gets back to its true value in terms of Mining:Rewards ratio in terms of USD (it's still not the best if I'm not wrong). Movements in dollar index used to communicate with the price of BTC against USD, but since it has already been under accumulation for a very long time, it broke its rhythm with DXY and now going its own way. I'm also noticing that only BTC and ETH are moving great, and alts are still waiting to boost which means that most of the money is being circulated in BTC and ETH only.
We may see some retracement before BTC gets back to its true value in terms of Mining:Rewards ratio in terms of USD (it's still not the best if I'm not wrong). Movements in dollar index used to communicate with the price of BTC against USD, but since it has already been under accumulation for a very long time, it broke its rhythm with DXY and now going its own way. I'm also noticing that only BTC and ETH are moving great, and alts are still waiting to boost which means that most of the money is being circulated in BTC and ETH only.
Since Bitcoin is frequently exchanged against the dollar on cryptocurrency exchanges, fluctuations in the value of the US dollar can have an impact on the price of Bitcoin both directly and indirectly. However, other elements, like as macroeconomic events, technological improvements, changes in investor attitude, and regulatory changes, can also have an impact on the price of Bitcoin.
Yes, I think the fluctuations in the value of dollar will affect the price of Bitcoin in one way or another. If the dollar weakens, it means a certain amount of dollars couldn't anymore buy the same amount of Bitcoin that it used to when it was still stronger. Bitcoin could be considered as a commodity. So just like eggs, vegetables, cereals, bread, and other commodities, the price of Satoshis also rise whenever the value of dollar falls. But of course Bitcoin has also its supply and demand side.
Fluctuations of dollar will affect those merchants purchasing bitcoin with fiat currency, it's exchange rate will be place high compare to the bear or bull season of Bitcoin. Dollar is not firm in a corner, it's value keeps fluctuating and the same thing applies to Bitcoin. Good trading rate is emphasis inother to help the merchants and businesses make significant profits. Bitcoin is volatile in the market, we can't compare it to fiat currency like dollar. Ofcourse it's a strong currency from a developed country so it chances of purchasing bitcoin is steady place high point. 
Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin
Yes, Bitcoin is value with respect to dollar, and a fluctuation in the price of dollar will so much affect the value or worth of Bitcoin in any nation, because I have experienced such when my country's local currency fell to the U.S dollar and that made the price of Bitcoin higher than before. Because I can remember when the price of my local currency (Naira) was #500 per $1, and back then 1 Bitcoin which was $30k was equal to over #15million naira, unlike now that the price of dollar has risen due to economic challenge, and as such resulted to the price of my local currency falling to #700 per $1, while 1 BTC now over #21 million naira (i.e 6million naira extra).Or does the pricing of dollar value have no effect on Bitcoin
Secondly, Dollar is used as a major trading pair simply because it is a currency generally accepted for International trade/business, as an official currency of Earth's most powerful country of the world
Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin
Or does the pricing of dollar value have no effect on Bitcoin
Yes! It often does affect, in particular dollar & stock market index S&P500 can have significant influence on Bitcoin price.. However, I am pretty sure once Bitcoin is adopted world-wide as method of payment, then hopefully it will move on its own strength.
There are other factors those can also have significant impact on Bitcoin price including rate of inflation, hash and difficulty rate of Bitcoin mining.
Yes, I think the fluctuations in the value of dollar will affect the price of Bitcoin in one way or another. If the dollar weakens, it means a certain amount of dollars couldn't anymore buy the same amount of Bitcoin that it used to when it was still stronger. Bitcoin could be considered as a commodity. So just like eggs, vegetables, cereals, bread, and other commodities, the price of Satoshis also rise whenever the value of dollar falls. But of course Bitcoin has also its supply and demand side.
You've hit the nail on the head with that dozy of a question! In a nutshell, yup, the greenback's roller-coaster ride can totally shake things up for our dear ol' Bitcoin. As a trading hotshot, I can vouch for the fact that Bitcoin's often paired with the buckaroo, which means Uncle Sam currency can sway Bitcoin's price in more ways than one.
Now, let me slip into my goofball cap and imagine a world where the dollar goes belly up—BAM! We'd be shelling out Bitcoin for our java and munchies. But let's get real: the dollar-Bitcoin tango is a tad more intricate than that. Bitcoin value is ruled by market supply and demand, not to mention a smorgasbord of other variables like regulatory shifts, investor vibes, and tech breakthroughs.
So, to wrap it up, while the dollar's ups and downs can definitely jostle Bitcoin's price, it's just one piece of the crypto trading puzzle. Keep your peepers peeled for news updates, stay in the know, and don't forget to let your hair down along the journey!
Now, let me slip into my goofball cap and imagine a world where the dollar goes belly up—BAM! We'd be shelling out Bitcoin for our java and munchies. But let's get real: the dollar-Bitcoin tango is a tad more intricate than that. Bitcoin value is ruled by market supply and demand, not to mention a smorgasbord of other variables like regulatory shifts, investor vibes, and tech breakthroughs.
So, to wrap it up, while the dollar's ups and downs can definitely jostle Bitcoin's price, it's just one piece of the crypto trading puzzle. Keep your peepers peeled for news updates, stay in the know, and don't forget to let your hair down along the journey!
Most crypto currencies are valued using dollar including Bitcoin .
Go to any website that tracks the value of cryptocurrencies, hover at the top options, you should see an option to change the pairing fiat currency to any suggested option like EUR, GBP, CNY, etc. Dollar is the default, but the price of bitcoin is not paired to it.Or does the pricing of dollar value have no effect on Bitcoin
If the dollar devalues, the amount of Bitcoin you can buy with $1 reduces, this does not affect the number of bitcoins you can buy with £1 or ₤1. A devaluation in bitcoin could have a sentimental effect making people lose more faith in fiat and look for alternatives like bitcoin.- Jay -
Hmm, interesting question. Let me put it this way. Bitcoin is like that cool rebel kid in school who doesn't really care what the teacher or the principal (read: dollar) thinks. It marches to the beat of its own drum, so to speak. So, yeah, the value of the dollar might have some effect, but Bitcoin will always do what it wants to do.
Since USD is a global reserve currency and most people use it to compare each currency or commodities with USD, do you think if USD collapse, all currency and commodities in this world e.g. Yuan, Yen, Euro, Bitcoin, Gold, Real Estate, Stock will become worthless too?
Bitcoin is a currency, same like USD. The difference is USD is already used globally and almost everywhere while Bitcoin isn't. If Bitcoin is already accepted in most of countries, you will see the price of goods is using Bitcoin equivalent in the future.
Bitcoin is a currency, same like USD. The difference is USD is already used globally and almost everywhere while Bitcoin isn't. If Bitcoin is already accepted in most of countries, you will see the price of goods is using Bitcoin equivalent in the future.
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Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
When we talk about bitcoin and measure it in dollars, just as when we talk about any other pair, such as the euro-dollar, either side of the equation affects the final outcome. Whether bitcoin appreciates or the dollar depreciates, the result will be that you will see an increase in the valuation of bitcoin in dollar terms, and vice versa: you will see less bitcoin for the same amount of dollars.
Pairs have effect on each other.
This.
Most crypto currencies are valued using dollar including Bitcoin
Because the US. dollar is a biggest and most common fiat currencies so many trades globally are valued in the US. dollar.Quote
Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
When people recognize risk of devalue of fiat currencies by their inflation, they will choose other things that can not be created from the air like gold, silver and of course Bitcoin is one of their most favorite choices.ROI charts for Bitcoin, Gold, S&P500, Long US bonds.
https://casebitcoin.com/charts#roi_chart
It will always depends on the market, I believe. Depends on the buyers and sellers.
On the other side, let's say some people want to invest in other things because the value of the US Dollar is going down, which may increase demand and raise the price of Bitcoin.
There are always some connections between fiat current and Bitcoin.
On the other side, let's say some people want to invest in other things because the value of the US Dollar is going down, which may increase demand and raise the price of Bitcoin.
There are always some connections between fiat current and Bitcoin.
This! These are two separate markets which will impact each other. Anyway, it's better to invest in all possible assets to diversify the portfolio you hold using special prop firms
By having fiat and crypto as 2 separate investments you can be safer during financial crisis and instabilities. I would recommend to do so! 
It will always depends on the market, I believe. Depends on the buyers and sellers.
On the other side, let's say some people want to invest in other things because the value of the US Dollar is going down, which may increase demand and raise the price of Bitcoin.
There are always some connections between fiat current and Bitcoin.
On the other side, let's say some people want to invest in other things because the value of the US Dollar is going down, which may increase demand and raise the price of Bitcoin.
There are always some connections between fiat current and Bitcoin.
The US dollar is the most widely accepted currency in the world. It is an international currency that's why it's accepted worldwide. All cryptos and their prices are determined with US dollar, Bitcoin is also included in that list.
Fluctuations in the price of Dollar will not impact the price of Bitcoin as long as people are not buying or selling it in bulk. Even if Dollar devalues the Bitcoin will maintain its price and that devaluation will not have any impact on it.
From recent reports it has been shown that people will invest their Dollars in Bitcoin, and if that report is true and the predictions are right then definitely the price of Bitcoin will increase.
Fluctuations in the price of Dollar will not impact the price of Bitcoin as long as people are not buying or selling it in bulk. Even if Dollar devalues the Bitcoin will maintain its price and that devaluation will not have any impact on it.
From recent reports it has been shown that people will invest their Dollars in Bitcoin, and if that report is true and the predictions are right then definitely the price of Bitcoin will increase.
Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin
Or does the pricing of dollar value have no effect on Bitcoin
Obviously, the fluctuation of the value of the dollar will affect the fiat valuation of Bitcoin. In a market pair, any changes on the valuation of one of the pairings will affect the value of conversion of the other one. Let us say Bitcoin's current price value is $29k dollar, then the dollar value crashes, it is obvious that the purchasing power of the dollar will be lessened thus making the conversion of Bitcoin to the dollar more expensive.
When USD changes its value by 0.1% in short time, we can't measure this effect on Bitcoin, because Bitcoin changes its value by a much higher percentage due to its constant volatility. Same thing is happening over larger timeframes. If US dollar loses single- or double- digit percentages over years, Bitcoin changes its value - up or down or both, by a much higher percentage. Bitcoin market is so chaotic that you can't strongly correlate it with anything.
But I believe this will change as we are getting closer to the supply limit, so halvenings will stop causing these huge bull and bear markets.
But I believe this will change as we are getting closer to the supply limit, so halvenings will stop causing these huge bull and bear markets.
Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin
It is just because dollar is the reserve currency and nothing more. Cryptocurrency are valued or priced in each fiat you want it but the general currency is dollar because it is the international currency. So should the dollar devalues it doesn’t affects the value of bitcoin towards other currency rather the dollar will only increases in value against the bitcoin. For example if 1btc=$10k and then the dollar devalues it will become something like 1btc=$11k depending on it depreciates.Or does the pricing of dollar value have no effect on Bitcoin
1 dollar will always be equal to 1 dollar; the dollar only depreciates in value and not in price.
If a currency is being devalued, that means its purchasing power will decrease. To make a successful economy, the price of goods must increase in order to equal the value of the currency.
If a currency is being devalued, that means its purchasing power will decrease. To make a successful economy, the price of goods must increase in order to equal the value of the currency.
The devaluation power has actually made it not to be equal to 1$ because it actually loses against other currencies or store of values. Due to inflation rates only store of values like bitcoin or sometimes bar of gold are actually worth the same as times goes on.
1 dollar will always be equal to 1 dollar; the dollar only depreciates in value and not in price.
If a currency is being devalued, that means its purchasing power will decrease. To make a successful economy, the price of goods must increase in order to equal the value of the currency.
If a currency is being devalued, that means its purchasing power will decrease. To make a successful economy, the price of goods must increase in order to equal the value of the currency.
If fiat are rising or valuing in price, it may not be noticed. If bitcoin is paired with United States dollars, if USD fall in price, it will result to increase in the price of bitcoin.
If bitcoin increase and USD increases, but bitcoin increases more, the price of bitcoin will increase but not up to the value it would have increased up to if USD decreases or remain constant and did not increase at all.
If bitcoin decrease and dollar increase, but bitcoin decreased more, bitcoin will decrease more than the price it supposed to decrease to.
Pairs have effect on each other.
If bitcoin increase and USD increases, but bitcoin increases more, the price of bitcoin will increase but not up to the value it would have increased up to if USD decreases or remain constant and did not increase at all.
If bitcoin decrease and dollar increase, but bitcoin decreased more, bitcoin will decrease more than the price it supposed to decrease to.
Pairs have effect on each other.
Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not crypto) still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin
Or does the pricing of dollar value have no effect on Bitcoin
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