Does dollar value affect bitcoin value?

chocolah29

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Quote from: burnwrench on December 31, 2017, 11:34:09 PM

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, 07:16:38 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 .

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Quote from: haileysantos95 on December 15, 2017, 10:38:34 PM

Quote from: pazzpjj001 on December 06, 2017, 07:16:38 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.

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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 December 31, 2017, 11:34:09 PM

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, 07:53:21 PM

Quote from: pazzpjj001 on December 06, 2017, 07:16:38 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.

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Quote from: pazzpjj001 on December 06, 2017, 07:16:38 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.

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Quote from: pazzpjj001 on December 06, 2017, 07:16:38 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, 07:29:26 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, 07:16:38 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, 07:16:38 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.

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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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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.

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Quote from: cicciobtc on December 14, 2017, 07:53:21 PM

Quote from: pazzpjj001 on December 06, 2017, 07:16:38 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, 11:09:30 AM

Quote from: CaterpillarRave on December 13, 2017, 11:26:20 PM

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.

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Quote from: pazzpjj001 on December 06, 2017, 07:16:38 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, 07:16:38 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.

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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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Quote from: CaterpillarRave on December 13, 2017, 11:26:20 PM

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.

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

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I think bitcoin can not be influenced by dollar value, exactly the opposite of dollar strengthen if traded with bitcoin is not the same as the fiat set by the government. higher the bitcoin price the fiat follows slowly as large trades have occurred in the crypto a little slowly away with forex trading.

supercanada1

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Quote from: katinko on December 12, 2017, 12:58:44 AM

I do not think so, bitcoin is different to fiat, it has own dimension no one controlling it the value of coin is depending in the supply and demand of one coin in the market while dollar and other fiat are base on the economy of one country which is controlled by the government. I think we do not need to compare digital currency to decentralized currency both has different uses, both has own advantage in different world.

I do agree with you because it is not having connection openly but they are connected as well. See now people are using bitcoin for shopping and in past people were using only dollar. The main point is that bitcoin has higher value than dollar and nothing can affect the demand and price of bitcoin right now. I would like to say that bitcoin is much better than dollar because saving bitcoin causes profit.

katinko

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I do not think so, bitcoin is different to fiat, it has own dimension no one controlling it the value of coin is depending in the supply and demand of one coin in the market while dollar and other fiat are base on the economy of one country which is controlled by the government. I think we do not need to compare digital currency to decentralized currency both has different uses, both has own advantage in different world.

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There is no indication that fiat money influence Bitcoin price after all. Bitcoin has been developing on its own, disregarding international and major currencies movement.

Sadlife

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Both has independent platform if bitcoin goes down it will not affect dollar cause they are not pegged with each other. But if you cash out your bitcoin to dollars that's a different story cause if the value of dollars is low then the value of btc you'll get is also low regardless on how many btc you have. So in this point dollars can affect bitcoin with converting to btc into fiat.

christian07

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It's both money so it can,See the volatile price of bitcoin that's one of the cycle why bitcoin go up and down,If any person do buy bitcoin in dollar it can affect the price because the digital money move or a transaction made.We can also say some country have money in dollar that authorize bitcoin so it can affect the price also of bitcoin and it still continue to spread in some countries

Ewinsane

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Quote from: BillCoin on December 08, 2017, 03:26:10 AM

Quote from: leea-1334 on December 06, 2017, 01:42:21 PM

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?

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.

No. The dollar has its price and Bitcoin has another and this causes the two to change their prices without depending on each other, for example, a few days you would have to spend at the current price 12 thousand dollars to acquire a currency of Btc, today you only with 13-14 thousand dollars you will be able to buy that same currency that until a few days ago was worth 12. Simply put, not the correlation between these worlds.

filharvey

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Quote from: psmachado on December 06, 2017, 01:19:50 PM

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...

Bitcoin is valued based on various currencies.But it is mostly mentioned in terms of USD.So,if USD price decreases,definitely it would affect bitcoin price as far as it is valued and converted in to dollars.

But at the same time,if it is valued in euro or other currencies which has stable price,then there would be no difference in bitcoin's value.Even if dollar currency crashes totally,then bitcoin would be valued in euro or yen or any other popular currency.

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Yes it will affect to Bitcoin price but in my opinion it'll make Bitcoin price go to the moon cause people will more focus on Bitcoin to get more profit cause the value of dollar is lower than before so they'll prefer use Bitcoin to dollar than before.

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/GeertJohan

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Nope,i think It does not affect this. Here there are not necessary to compare those things. Because dollar is a fiat bitcoin is a digital currency Then why did you compare it.. if it get down you can convert it to other fiat and trade it as your process.. it depends on your thought..

oegarod

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Quote from: SHAWN-MIDWAYS on December 09, 2017, 03:01:01 PM

I think the dollar does affect bitcoin value but certainly not in a direct way. IMO this could happen based on demand of bitcoin being present and if for example an economy is underperforming and say there is inflation it means people will be paid more money(more dollars) and if they decide to invest their money in bitcoin it means they have access to more bitcoins which in return pushes the value higher.

Dollar value has a major effect upon bitcoin's value. This is all because of the dependence that bitcoin as well other digital currencies have over dollar. At the same, dollar doesn't have the dependence on digital currency which keeps the dollar a high profile asset than bitcoin, though the growth of bitcoin is much higher in value compared to dollar.

SHAWN-MIDWAYS

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I think the dollar does affect bitcoin value but certainly not in a direct way. IMO this could happen based on demand of bitcoin being present and if for example an economy is underperforming and say there is inflation it means people will be paid more money(more dollars) and if they decide to invest their money in bitcoin it means they have access to more bitcoins which in return pushes the value higher.

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Quote from: nidacoinlove on December 09, 2017, 07:36:24 AM

Quote from: ivrynx on December 08, 2017, 09:04:57 AM

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.

Mate as you said that dollar is used as a base to find the value of bitcoin. So, if the base gets disturbed it will surely effect the rest of the structure. According to my understanding US dollar is used for the purpose against the bitcoin value because it is internationally recognized currency for trading. The huge trading between a country and rest of the world rely on dollar where the price of dollar is effective to that trade. Same is the case here with bitcoin if dollar price goes down bitcoin price will be valuaed more in dollars and that's it.

I completely agree with you that the Bitcoin dollars for the whole time of the existence of crypto currency in communication are interrelated. Even with fluctuations for the dollar and with today's damage to the growth of Bitcoin on each other, they practically do not affect.

nidacoinlove

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Quote from: ivrynx on December 08, 2017, 09:04:57 AM

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.

Mate as you said that dollar is used as a base to find the value of bitcoin. So, if the base gets disturbed it will surely effect the rest of the structure. According to my understanding US dollar is used for the purpose against the bitcoin value because it is internationally recognized currency for trading. The huge trading between a country and rest of the world rely on dollar where the price of dollar is effective to that trade. Same is the case here with bitcoin if dollar price goes down bitcoin price will be valuaed more in dollars and that's it.

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Quote from: Fantastic33 on December 08, 2017, 09:23:17 PM

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.

Absolutely, they are different on each especially there function and definitely there equivalent value. Bitcoin is a digital money that only lives in cyberworld while dollar is fiats money as what we know. As the question ask, if they will affects on each other?, well my answer is not they can't affect on each other since the bitcoin is decentralized was occured which no one will enter even the government has no authority. Soon in the future, as time passes by bitcoin will used as paying transaction that makes easy to each and everyone of us.

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Quote from: pazzpjj001 on December 06, 2017, 07:16:38 AM

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

I dont thinks so, dollar getting stronger because of the growth of the country and the good economy of one country while in bitcoin is independent no one controlling this currency, the value continuous increasing because of continuous adoption by many people that is why demand also increasing and it will reflect on its value.

I think there is no reason to compare this two different currency.

Kingofbitcoin12345

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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..

Fantastic33

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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.

Jastyn

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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 Undecided

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Quote from: pazzpjj001 on December 06, 2017, 07:16:38 AM

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.

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Quote from: pazzpjj001 on December 06, 2017, 07:16:38 AM

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.

ivrynx

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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.

david_019

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I think no!
Since bitcoin is not control by the government. So its quiet impossible.

BillCoin

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Quote from: leea-1334 on December 06, 2017, 01:42:21 PM

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?

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.

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Quote from: pazzpjj001 on December 06, 2017, 07:16:38 AM

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.

Phlaser

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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.

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Quote from: tweetbit on December 06, 2017, 03:32:21 PM

Quote from: pazzpjj001 on December 06, 2017, 07:16:38 AM

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)

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Quote from: pazzpjj001 on December 06, 2017, 07:16:38 AM

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.

olushakes

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Quote from: pazzpjj001 on December 06, 2017, 07:16:38 AM

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.

Aamir1

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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.

leea-1334

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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?

psmachado

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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...

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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

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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?

TTITA

full member

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Merit: 100

Quote from: pazzpjj001 on December 06, 2017, 07:16:38 AM

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.

KaliLinux

hero member

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Quote from: pazzpjj001 on December 06, 2017, 07:16:38 AM

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.

kucritt

full member

Activity: 616

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i think there are not connected and doesnt have related, because USD is the paper money andd BTC is a bitcoin value, but it will be affected if the USD getting crisis and all people that using bitcoin exchange their USD into bitcoi, the demand of bitcoin increasing that makes the bitcoin price is increasing too

yojodojo21

full member

Activity: 420

Merit: 171

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.

slackcryptoz

sr. member

Activity: 456

Merit: 250

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.

St4yInTh3D4rk

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"STAY IN THE DARK"

Quote from: pazzpjj001 on December 06, 2017, 07:16:38 AM

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. Grin

pazzpjj001

newbie

Activity: 31

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Quote from: 1969Dave on December 06, 2017, 07:19:08 AM

In my opinion there is no relationship (yet) between BTC and USD, USD is a fiat currency.

Oh okay. Thankyou.

1969Dave

member

Activity: 116

Merit: 10

In my opinion there is no relationship (yet) between BTC and USD, USD is a fiat currency.

pazzpjj001

newbie

Activity: 31

Merit: 0

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

Topic: Does dollar value affect bitcoin value? (Read 1044 times)