every currency has it's respective price, always remember that not all bitcoiners convert their Bitcoin into FIAT, FIAT is not only dollar we have many FIAT CURRENCIES. Even thou how many times dollar or any currency grows it's price of conversion it will not affect Bitcoin.
Bitcoin-virtual coin,
FIAT-Real world money.
Topic: Does dollar value affect bitcoin value? - page 4. (Read 1041 times)
While cashing out surely certain amount gets reduced when the dollar value is low. The same when the dollar value is high, user gets an increased amount on each bitcoin selling. In this regard I believe dollar value affect the value of bitcoin to some extent, and the same goes unaffected when direct usage of bitcoin increases.
Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
Dollar value don't affect the price of bitcoin because the bitcoin valus=e is just based on satoshi,if the price of satoshi falls then bitcoin price also fall,but if the satoshi price levels the price of USD then price of one bitcoin will be $100M,but it needs very long to reach that value maybe one century.
In my opinion there is no relationship (yet) between BTC and USD, USD is a fiat currency.
Oh okay. Thankyou.
In my opinion there is no relationship (yet) between BTC and USD, USD is a fiat currency.
Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
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