Does dollar value affect bitcoin value?

chocolah29

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Quote from: burnwrench on January 01, 2018, 12:34:09 AM

There’s no direct relationship when it comes to the US dollar and the bitcoin price. Btc prices rise because of the activity in the community.

It's true and bitcoin doesn't affect dollars. Even bitcoin soared high last month its value didn't hurt even a little in dollar or in forex or in any other way. Dollar as a widely use currency and bitcoin as a digital currency so there's no adverse effect to each other.

Ararbermas

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Quote from: pazzpjj001 on December 06, 2017, 08:16:38 AM

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

no mate cause as i know bitcoin and dollar are not the same currency which is that two currency has a different source of demands so its impossible that both currency will decrease at the same time because of one issue .

illnino

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Quote from: haileysantos95 on December 15, 2017, 11:38:34 PM

Quote from: pazzpjj001 on December 06, 2017, 08:16:38 AM

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

No it wont affect the value of bitcoin but it will affect on how much you can withdraw when exchanging bitcoin to dollar, bitcoins value is determined by its users worldwide trading market and dollar has its own trading market so both has different structures that affects its own price.

Personally, I did not notice such a connection. I trade in many currency pairs, but Bitcoin lives his life. I often saw when the price of the dollar is growing, at that time Bitcoin is also growing.

BILGPS

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I think the bitcoin value will not affect the dollar and vice versa the dollar is also international currency but the bitcoin is also circulating world wide the importance of both of them are high in the world. Every one is looking to invest in the market valuable currency. So some of the people invested in the dollars and many are now invested in bitcoin for making high profit.

tonlong

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Quote from: burnwrench on January 01, 2018, 12:34:09 AM

There’s no direct relationship when it comes to the US dollar and the bitcoin price. Btc prices rise because of the activity in the community.

I think the dollar has some affects bitcoin value. Dollar is a widely used and trusted currency, it commonly used as a general gauge of all currency include bitcoin.

burnwrench

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There’s no direct relationship when it comes to the US dollar and the bitcoin price. Btc prices rise because of the activity in the community.

lol1yatme

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Quote from: cicciobtc on December 14, 2017, 08:53:21 PM

Quote from: pazzpjj001 on December 06, 2017, 08:16:38 AM

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

it is not the value of the dollar or other fiat currency to influence the value of the bitcoin, as it is only its countervalue.
There are external factors (for example: economy, politics, natural events, wars) that can influence both the value of fiat coins and the value of bitcoin or other cryptocurrencies, now or in the future.

The value of dollar has nothing to do with that of bitcoin. Bitcoin and dollar are entirely different currencies and they are not at all dependent on one another in any way. Dollar is just used as the currency which tells us the market value of bitcoin as compared to that of real world currencies and that’s all. Other than this, there is no such sort of involvement of dollar in effecting the value of bitcoin.

timerland

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Quote from: pazzpjj001 on December 06, 2017, 08:16:38 AM

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

For sure. Since bitcoin is a store of value for the long run, and is pretty much exactly the opposite of what fiat dollars represent, there should be a spike in bitcoin prices if the fiat dollar collapses. However, the actual spending value of 1 bitcoin should remain pretty constant throughout the hyperinflationary episode if there was ever to be one in the next few years.

IMO bitcoin is one of the only viable replacements for fiat currency.

A fiat collapse would actually mean that people are forced into accepting bitcoin as a result, otherwise, they'd be holding onto worthless pieces of paper.

haileysantos95

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Quote from: pazzpjj001 on December 06, 2017, 08:16:38 AM

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

No it wont affect the value of bitcoin but it will affect on how much you can withdraw when exchanging bitcoin to dollar, bitcoins value is determined by its users worldwide trading market and dollar has its own trading market so both has different structures that affects its own price.

lili song

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They are different things that can't be compare.
Bitcoin able be act as investment and/ fiat like dollar , that's why bitcoin have more advantage compare dollar

Quote from: truongdhnh on December 15, 2017, 08:29:26 PM

Dollar value does not affect bitcoin, it is simply used to refer to the bitcoin value. Bitcoin can use other currencies to determine the value, the rise or fall of dollar can not affect it.

truongdhnh

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Dollar value does not affect bitcoin, it is simply used to refer to the bitcoin value. Bitcoin can use other currencies to determine the value, the rise or fall of dollar can not affect it.

truecrusader666

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Quote from: pazzpjj001 on December 06, 2017, 08:16:38 AM

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

I think is the otherwise, current bitcoin price affects on dollards value, because most of the people around the globe purchasing bitcoin with USD dollards if im not mistaken.

Rooster101

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Quote from: pazzpjj001 on December 06, 2017, 08:16:38 AM

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

Bitcoin value will not affected by any changes in dollar value but through market's supply and demand. Increase in usage and a wider adoption by many investors will make the bitcoin value to rise. The bitcoin futures trading, a regulated market, will also determine the price of the bitcoin.

tabas

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If dollar values goes down no effect can happen to bitcoin but I know that what makes you worry is about the exchange of bitcoin to USD which is the main way to dictate the price of bitcoin. But there is one thing that we will see if that happens, adjustments will just occur by that time.

virtualkeybuyer

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Quote from: vintages on December 11, 2017, 04:27:03 PM

The original or traditional currency like the Dollar, Euro etc are physical money and has no absolute relationship of any kind with bitcoin or any other cryptocurrency.
So therefore the value of dollars does not affect bitcoin.

But one thing most people (including me) fear is that, the worth and the importance of dollar might be diminishing because more interest have been given to bitcoin. Even admist this fears, it is quite interesting to know that we need the dollars in order to encash our bitcoin or any other cryptocurrency.

The absolute value of dollar and value of bitcoin has no inter relation so this is not right to say that dollar value will effect the value of bitcoin. Moreover, if the dollar today gets finished and totally replaced by some new currency by United states bank, even then it will not effect the bitcoin, as the bitcoin is a crypto currency and it has nothing in common with the dollar, Euros or Pounds etc.

Wipro

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Quote from: cicciobtc on December 14, 2017, 08:53:21 PM

Quote from: pazzpjj001 on December 06, 2017, 08:16:38 AM

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

it is not the value of the dollar or other fiat currency to influence the value of the bitcoin, as it is only its countervalue.
There are external factors (for example: economy, politics, natural events, wars) that can influence both the value of fiat coins and the value of bitcoin or other cryptocurrencies, now or in the future.

We may take it as somehow bro. because as the increase of the bitcoin purchase for fiat we will find the demand on the concern currency whether it is bitcoin or ethereum. We cannot take that completely and I would say that demand and supply only defines the bitcoin price in the market place. To say the truth you will find the 30 percent of the coins are only in the supply other coins are just holded by the initial investors.

BillCoin

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Quote from: serjent05 on December 14, 2017, 12:09:30 PM

Quote from: CaterpillarRave on December 14, 2017, 12:26:20 AM

I think it only involves a little. BTC is calculated by satoshi. then converted to USD. It does not affect much.

It really does not affect, since USD value just adjust to the Bitcoin value depending on how much people are willing to Buy Bitcoin and not how much the value of a dollar. Bitcoin is not pegged to dollar as we speak, Bitcoin price depends on the demand and supply and the hype around the market. Bitcoin value will stay on the effect of supply and demand even if dollar value is fluctuating.

That's not the point.

Bitcoin is being exchanged at various exchanges around the world, if the US dollar value goes down, then it will adjust the bitcoin price against the usd and it will significant increased.

If bitcoin is traded against 1000Euros or 1200$. and suddenly the USD goes down and now 1000 euros are 1300 $, then the bitcoin price will increase to match the price of bitcoin against other currencies.
You are not losing any value, I guess it will have a very small impact but won't hurt a lot.

cicciobtc

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Quote from: pazzpjj001 on December 06, 2017, 08:16:38 AM

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

it is not the value of the dollar or other fiat currency to influence the value of the bitcoin, as it is only its countervalue.
There are external factors (for example: economy, politics, natural events, wars) that can influence both the value of fiat coins and the value of bitcoin or other cryptocurrencies, now or in the future.

batang_bitcoin

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Quote from: pazzpjj001 on December 06, 2017, 08:16:38 AM

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

There will be some involvement but still bitcoin will rise. How does value of dollar gets low? When the entire economy of US is in recession and the mostly affected ones are the countries that are depending to their currency exchange. But bitcoin is deflationary currency so it doesn't really matter if dollar value goes down. If value of bitcoin keeps on moving and moving, dollar is the one that will adjust on everything regarding to bitcoin's value and increase.

xwshamim

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no bitcoin is more established than dollar i think Cheesy

and it will never affect the value of bitcoin as i think there is no relation between bitcoin and dollar so there is no way of affecting. bitcoin will rise in its own speed .that is what i think

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