Dollar rises in Indonesia, what is the economic fate?

genuin

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Quote from: Mhd-Bobbi on September 23, 2018, 03:05:13 AM

In Indonesia, the dollar rises while the Rupiah weakens, if the dollar rises why Bitcoin Prices do not rise.

Look: The dollar is rising, in Indonesia it can't overcome the problem of a stable dollar, now in Indonesia is experiencing Chaos, many people and even Students are Demonstrating against the Government, so that the dollar price cannot go down,

What about the economic fate in Indonesia, will it continue to experience chaos?

hey bro, choose prabowo hahaha
Economic fluctuations in Indonesia experience chaos because Indonesia is experiencing a weakening in world trade. The weakening of Indonesian trade is not systemic, and bitcoin is an outside platform of the world legal trading system, dont forget choose prabowo Cheesy

hackzang12

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Usually the price movement of dollar affects the global trade war. But in this scenario. Indonesia will follow the step of Argentina with the flock of their currency, governments should avoid taxes to their citizens. Though nitcoin has a stable price right now and hoping that the global currency will jump in.

gamalzour

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Quote from: Mhd-Bobbi on September 24, 2018, 11:51:46 AM

Quote from: dewi91 on September 24, 2018, 01:21:13 AM

Quote from: yusupjatigumilar on September 23, 2018, 08:06:54 AM

why is bitcoin price not going up? even though the dollar price rises, this is because the price of bitcoin does not refer to the dollar price, and I think Indonesia will go through a crisis like this, because Indonesia has experienced similar things a few years back and passed safely

Yes dollar price is not related to bitcoin price. I also worried if dollar price continue rising it will make the economy of Indonesia worsen. In a few years dollar price in Indonesia is continue to increase and this year is the worst year. Many company bankrupt and it make the number unemployment growing.

This is very sad in my country, there are so many things that cause unemployment because of the rising dollar, but I am still grateful that I still have a job in the Crypto world, with this job I can fulfill my daily needs, how about you?

Well, if you have something you are doing for yourself and you have something you can always fall back on, then, that is good for you. Whichever way at times like this and in the situations of Indonesia, people will always look for a way to fall in a market that is rising, and as much as there is a lot of pressure on the USD in that country, there will always be occasions like this.

It is not new, but if the government can really get their acts back together like audacious being said, they would eventually find a way to come back stronger.

t3m4nc0k

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I think it has nothing to do with the price of cryptocurrency with my currency denominated and this is only an internal problem with the government and we don't need to discuss such a thing because the government already has its own solution

Rossy Akbar

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Don't really understand why'd economy in my country was so bad nowadays, beside our tourism is still normal.Well, I was had a doubt with the government currently, and we as the society has nothing to do with it, we cannot help.

max fray

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Quote from: Mhd-Bobbi on September 23, 2018, 03:05:13 AM

In Indonesia, the dollar rises while the Rupiah weakens, if the dollar rises why Bitcoin Prices do not rise.

Strange question.. Do you really think that btc price is bound solely to USD exchange rate in Indonesia?

Quote from: Mhd-Bobbi on September 23, 2018, 03:05:13 AM

Look: The dollar is rising, in Indonesia it can't overcome the problem of a stable dollar, now in Indonesia is experiencing Chaos, many people and even Students are Demonstrating against the Government, so that the dollar price cannot go down,

Sorry to hear that Indonesia is experiencing chaos. When the national currency in my country dropped 3 times relatively to dollar several years ago we also faced so many problems that the existence of the country itself was doubted.

berfanaf

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Quote from: 1Referee on September 23, 2018, 01:58:44 PM

Quote from: carlisle1 on September 23, 2018, 10:25:25 AM

I believe this is a worldwide effect while america is doing better regarding economy

The US dollar is the base currency of the world, it doesn't increase or decrease in value against other fiat currencies. It's pretty much the same with how Bitcoin is the base currency in the crypto world. Bitcoin's BTC value doesn't increase or decrease either, the other currencies do.

The point is that as long as we believe that something is a base currency, the underlying economy or network in Bitcoin's case doesn't necessarily have to perform well. People for once just need to stop saving up their entire net worth in one specific fiat currency. It has always resulted in problems during bad economical times, so why are most people still not taking the necessary actions by hedging their native fiat currency?

This is one of the main reasons why the gap between rich and poor keeps growing larger. They don't act but just complain about governments and wait for them to force through improvements, which will never happen. Get off that lazy ass and stop playing victim.

At the end, all that would be based on the information that the rich will always have and the poor will never have, probably based on awareness or accessibility to it. People have always tend to focus so much on what the government is not doing over the years and keep whining rather than taking control of the way things should be like for themselves but like I said, I would say people tend not to seek for answers and solution to things, but rather uses complaints to remain in one stagnating position over time.

mamesso

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Quote from: alroys on September 30, 2018, 10:16:18 AM

I am an Indonesian, the price of the rupiah has indeed weakened here, and the value of the dollar has risen high. But what do you say, here you experience chaos? That is not true !!! Indonesia is a big country, rising dollar prices are not a problem for us. And the people who are being demonstrated against the government are people who are not happy with the government here.

yes, whatever issues in Indonesia are used as political commodities, everything looks dirty. this is part of the challenge of democracy in Indonesia.
The weakening rupiah was the impact of the trade wars between China and the US and all countries felt the same impact.

alroys

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I am an Indonesian, the price of the rupiah has indeed weakened here, and the value of the dollar has risen high. But what do you say, here you experience chaos? That is not true !!! Indonesia is a big country, rising dollar prices are not a problem for us. And the people who are being demonstrated against the government are people who are not happy with the government here.

unusualfacts30

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Quote from: Mhd-Bobbi on September 23, 2018, 03:05:13 AM

In Indonesia, the dollar rises while the Rupiah weakens, if the dollar rises why Bitcoin Prices do not rise.

Look: The dollar is rising, in Indonesia it can't overcome the problem of a stable dollar, now in Indonesia is experiencing Chaos, many people and even Students are Demonstrating against the Government, so that the dollar price cannot go down,

What about the economic fate in Indonesia, will it continue to experience chaos?

as few people have already mentioned in this thread that is due to trade war between china and us. Unfortunately, this trade will continue for decades from now. Although it may seem that bitcoin is not profiting from it, you will be very surprised in coming months when people start using bitcoin as safe heaven. when market gets riskier which it will then bitcoin will rise and rise it will.

frowsiter

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Its not just the Indonesia but India as well where surprisingly the fiat currency is also called as Rupee. (Pretty similar to the Indonesia). This is also causing huge impact on the Oil, Gas, Petroleum prices within the nation and they are rising day by day. If the situation is continued then soon the country will fall for the economic stress and may see bad days coming up ahead. Indonesia might be similar in condition right now as of India where other stuff will get costlier so that government can help reduce their stress over the overdue or whatever interests that they may have to repay. Angry

ranman09

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Quote from: visionE2 on September 23, 2018, 05:08:28 AM

I think that not only Indonesia's currency is weakening, but there are so much countries which currency is weakening, it is caused by the US and Chinese trade war is heating up again, many countries become victims from the impact of that trade war

I agree this might be the cause of all these problems. Even in the Philippines things are getting priced up. The dollar has gone up. We all hope things should go normal again, but think of it as a great time to invest. Aim for the dollars!

sublime5447

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it is funny how the mass media can lead to public opinion which is supported by laziness to research further until it is easy to say "Indonesia is experiencing Chaos" even though only student demonstrations which are natural things in countries that adopt democracy and not that is it? I think a number of factors including their economy in fact are still strong to withstand the strengthening of the USD, currently unlike 1998.

denuhaqiqi

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Because the price of bitcoin does not refer to the dollar price, I agree to say that the dollar market and the bitcoin market are different, so that when the dollar price rises it does not affect the price of bitcoin and vice versa.
Indonesia has experienced economic chaos a few years ago, I think Indonesia will be able to pass it.

NH

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bitcoin price depend by demand's people. if dollar's price rise, im not sure bitcoin in Indonesia will rise too.
for the economy is about how government control their economy, its not about how bitcoin effect for that country. some people will say that he is find thought dollar value is increase, just lower class society can feel it

Dimon8

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Now in many countries of the world the national currency against the dollar is weakening. I think against this background, in these countries, American capital will flow into the economies of these countries.

ict

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Although the value of the rupiah against the dollar fell, the economy in Indonesia continued to grow by 5.2 percent, said the finance minister in Indonesia. in my opinion, the value of the rupiah plummeted will affect the trade sector, especially goods imported. traders will need large capital to run their business. and the price of fuel oil will increase, so that the price of food needs will increase. so the cost of living for the community will increase.

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Quote from: Indrawan77 on September 30, 2018, 03:26:11 AM

The price of dollar and the price of bitcoin doesn't related at all, each of them got their own market, so the rising or falling of dollar wont have any effect on crypto, and the government need to do something to strengthen the economic, as citizen we can help by reducing import items, but not many people care about the situation, most of the people see this as an opportunity to earn and that makes the situation become worse

indeed some people seek personal gain, not all have the spirit of nationalism. with clean governance, i think this can be overcome by taking steps as you mentioned, so that the country's economy can improve

TheUltraElite

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Quote from: maksimukr1989 on September 25, 2018, 04:39:09 PM

The fact that the dollar is growing,will not affect the economy of Indonesia.Indonesians now you should think about purchasing bitcoins.

Bitcoin is not the magic pill to every problem in the world. Do you think the people native to Indonesia are rich enough to buy bitcoins? Because if you calculate the average earning of a middle class family then you will notice that they are not in a position for buying any crypto without months of saving and if they do that think of what will happen to their daily spending for daily necessities.

The fact that such problems arise can be blamed to the government. Only they can control the law and order and money laundering - but they wont because they are themselves involved in it. Mostly the mafia running every country in the world the governments are just pawns in their hands.

Indrawan77

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The price of dollar and the price of bitcoin doesn't related at all, each of them got their own market, so the rising or falling of dollar wont have any effect on crypto, and the government need to do something to strengthen the economic, as citizen we can help by reducing import items, but not many people care about the situation, most of the people see this as an opportunity to earn and that makes the situation become worse

Topic: Dollar rises in Indonesia, what is the economic fate? (Read 603 times)