Topic: Does dollar value affect bitcoin value? - page 3. (Read 991 times)
There’s maybe but on minimal percentage only.. Most might not agree with me but dollar investors will not hesitate to invest all money in bitcoin before the fiat currency there holding will fall.. So that will certainly affect the value of bitcoin and it will increases everytime dollars decreases.. I will assume this having the same pattern of how law of demand and supply work..
Bitcoin and dollar is different from each other. Bitcoin is a digital currency, while dollar is a physical money which is regulated by banks... i think both dont affect one other since they are both different.
The dollar and bitcoin have nothing to do with each other...But I think that there is a common bond and in whose interest was created bitcoin...just do not want to go into politics 
Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
To measure the worth of bitcoin we use USD as a reference because it is the world currency. But that doesn't mean that bitcoin is dependent on USD, we can also take any other paper currency for reference of bitcoin price. However there are some factors which can confuse us in currencies price relation, but to make it simple to understand remember that there isn't any direct impact of physical currencies over cryptos because cryptos are not controlled by any of a central authority.
Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
there is no relationship bitcoin and the US Dollars when it comes in the value but if we cashout our money for sure we will used dollar to use it right but in value either the bitcoin is high the dollar will not be affected that the difference.
The dollar has no effect on the value of bitcoin, since you can exchange bitcoin to any fiats. This is a miscinception that the dollar affects the price of bitcoin, we only use dollar as the basis, in order to check how much bitcoin's value move, since it is already used in foreign exchanges, we can also use it as basis for the value only.
I think no!
Since bitcoin is not control by the government. So its quiet impossible.
Since bitcoin is not control by the government. So its quiet impossible.
Seems most people here think like I do, that dollar value doesn't have an impact on Bitcoin value. I have asked myself this a few times, and it seems to be true, in a sense, because Bitcoin value against other pairs of currency are actually just the same if you equate it against USD. I do wonder if USD becomes extremely volatile or loses a great amount of value, how would or who would make the decision to change the pair it is valued against?
For example, in Zimbabwe, it is against dollar value because the local currency deactivated. Who actually determines that?
For example, in Zimbabwe, it is against dollar value because the local currency deactivated. Who actually determines that?
I don't believe that the dollar has any kind of impact on the bitcoin's value and I will explain why.
Bitcoin is being traded in a large amount of exchanges among the world, which means that it is being traded for a large variety of coins, if the USD goes down, it won't affect the price of bitcoin against other currencies( for an example, BTC/EUR, BTC/CNY,BTC/JPY).
Because the price of bitcoin against other currencies will remain constant, it will make the price of bitcoin against USD go higher.
It WILL affect the bitcoin price against dollars, but won't affect it's value, as dollar go down, but bitcoin goes up against the dollar.
Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
No,the dollar value fall doesn't affect the price of bitcoin because the price of bitcoin is calculated in satoshis.But normally we calculate the bitcoin price in dollar but there is no relation between bitcoin and dollar.
The basic thing that affects the value of BTC is Demand. Once the demand is high, thus more purchase then the price pushed up steady, just as what BTC is facing now.... Awareness is high now and more people are interested in BTC.
Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
I don’t think it will affect each other’s value directly but on the investors point of view, yes it can especially those using dollars for transaction. Buying and selling then it will decrease as the dollars fall. It hard to explain but sometimes you can understand it by simple logical or practical thinking and explaining it will be more complicated than leaving it, individually learned.
I agree, i believe Bitcoin value is indpendent on dollar value. It is the invesotrs interest and holders plan that affect bitcoin price. We all know that bitcoin is open market and it is govern by demand and supply law. Dollar is just there for the rate of the interest of people in dollar form ( buy demand)
Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
I don’t think it will affect each other’s value directly but on the investors point of view, yes it can especially those using dollars for transaction. Buying and selling then it will decrease as the dollars fall. It hard to explain but sometimes you can understand it by simple logical or practical thinking and explaining it will be more complicated than leaving it, individually learned.
Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
I dont think it does but people in the US will be the one to decide whether t does affect it or not because they would be in a better position to know if the value of dollar has increased or decreased in relation to the purchase of goods and services over there. If the value has dropped which makes bitcoin worth more or if its really the forces of demand and supply on the part of bitcoin.
A drop is dollar's value should not affect Bitcoin's price because dollar is not the only currency which Bitcoin is used against or nor Bitcoin is based on dollar. If the value of dollar falls, a Bitcoin would simply be worth more dollars than it was before. For example, if Bitcoin price is $10k, and dollar drops 50% of its value, then a Bitcoin would be worth $15k. And when you cash out your Bitcoins in a different currency, they would be worth same, because Bitcoin price is still the same.
Seems most people here think like I do, that dollar value doesn't have an impact on Bitcoin value. I have asked myself this a few times, and it seems to be true, in a sense, because Bitcoin value against other pairs of currency are actually just the same if you equate it against USD. I do wonder if USD becomes extremely volatile or loses a great amount of value, how would or who would make the decision to change the pair it is valued against?
For example, in Zimbabwe, it is against dollar value because the local currency deactivated. Who actually determines that?
For example, in Zimbabwe, it is against dollar value because the local currency deactivated. Who actually determines that?
Guys, wait a second, if you are watching the price of Bitcoin.like 12000$ so the value of dollar afects Bitcoin! If you watch in Euros the price of euros afects the price of bitcoin! Everytime you try to put a "value" on bitcoin you will afect them by the currency! If USD drops, the price of bitcoin can change in USD but not in EUR...
Although bitcoin is a virtual currency, its market varies thanks to the purchase and sale through the fiat currency, through of Bitcoin's routine sales that put downward pressure on the exchange price of Bitcoin, as for example:
Merchants that accept Bitcoin: they convert all the bitcoins that they receive directly to money fíat, to avoid the volatile changes intraday of Bitcoin prices.
The reimbursements of miners to pay bills and expenses with money fiat
Partial or total salary conversion in bitcoin to fíat
Merchants that accept Bitcoin: they convert all the bitcoins that they receive directly to money fíat, to avoid the volatile changes intraday of Bitcoin prices.
The reimbursements of miners to pay bills and expenses with money fiat
Partial or total salary conversion in bitcoin to fíat
I think its impossible digital currency to fiat currency no connection from each other. Its only an exchange for a real money to handle. Dollars use only to calculate the value of bitcoin, if the dollars get low still no issue of lowering the price of bitcoin and why would it low?
Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
It won't. Bitcoin price affect because economy principle. Supply & Demand.With high demand increasing, price going to high.
This December, upcoming issues Bitcoin will have at least twice fork, which means fork will creates new altcoins.
Many people now hunting Btc by buying, mining, etc for holding it belong fork. So can get free coins distribution.
Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
Fiat's has its respective trend and it will not affect bitcoin if the $ goes down. We're just seeing or converting them in the different Fiat currencies and its simply because which region you belongs to. Everything based on the supply and demand that decides the spikes and Dips.I guess this question raised from you because , Most of us are discussing or calling out the bitcoin's growth in dollars.
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