dollar vs bitcoin | Bitcointalksearch.org

bitterguy28

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

I don't get what donation means for the federal,But what i am sure that you are just trolling here about this same issue of "Bitcoin vs. Dollar" thing in which some pushing the comparison but they have their own function and services .

If you really want to donate?there are millions of families that affected of the recent typhoon better give the Bitcoin to them than for the feds.

usekevin

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

If you keep buy of bitcoin with the getting money,the price of bitcoin will increase stable.It's very simple concept of demand and supply.When the demand of bitcoin will increase ,it will pump the price of bitcoin and you no need to donate any bitcoin to increase the price of bitcoin.Actually it's not seems a positive one and I don't think,they will increase a bitcoin price.

Xinarae*

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Bitcoins give you the natural advantage of roaming things will get lower and lower over time. Dollars printable through government measures are naturally inflationary, so holding them slowly reduces your purchasing power. There are many differences between the dollar and bitcoin. This means that the activities of Bitcoins are influenced only by buyers and sellers. There is no third party that can handle this. It cannot be artificially inflated or devalued by banks or governments like ordinary currencies. Since the Bitcoin business has no official influence there is no fear among investors that the currency could be valued for investor losses.

imstillthebest

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strong as in increase ? but does btc have a value on its own ? but i guess if dollar is increasing the value of btc will got more stronger . donating btc to federal state can be a silly idea because they are using usd and they can print money . they wont like that offer but if let say they will accept it i think they will still going to print money and that wont change because that is what thier job . printing money can be bad on the economy but that wont affect the bitcoins value as a whole . thats the best part of using a bitcoin .

pixie85

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Dollar is not the only world reserve currency and not the only tradable pair with BTC.

Weak Dollar means stronger bitcoin but it's only one of the factors that influence the market.

I guess the Federal Reserve doesn't take donations Wink

Ridwan Fauzi

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

In fact, there is no one who will do that. And I think the federal reserve will not have any advantage to do that as well. There is no perfect investment place, I mean all investment places will up and down depend on the investor itself and depend on the economic situation. Yeah, we already know about this time and almost all countries have the same problem.

They will create a lot of money to recover their economic situation to run normally and the impact will make their money fiat will go down. So, those who aware of the situation will choose a safe haven asset to avoid that, like gold and even bitcoin and this is why bitcoin price will up when we meet the situation. And of course, this situation will end when they are able to manage the economic situation back.

Oneandpure

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Dolar still more popular than bitcoin although many advantage if using bitcoin as currency payment than use dolar, almost countries in the world still using dolar as borrowing money from bank world and use for transaction to other country. I think dolar need evaluation how to impact for many people with faster transaction if use bitcoin. I know some people invest their money in dolar but just increase few percent only and waiting more than one year to get dolar have break up above 2%, for bitcoin you only take moment few weeks to see how bitcoin going to higher price and give more chance to get profit by bitcoin than dolar.

witcher_sense

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Quote from: AniviaBtc on November 11, 2020, 02:28:15 AM

Probably, yes. The only thing that makes BTC strong is inflation and economic crisis, but if the government is not that printing a lot of money then dollar will be much better.

Governments will never stop inflating their currencies because the cost of printing is almost zero, temptation to make money out of thin air is strong, and, more importantly, they receive perpetual revenue to finance their ends. They will never stop printing if continue to maintain their monopoly to issuing money. The reason bitcoin is strong is not because governments keep inflating their currencies, but due to the fact that they can't do that with bitcoin. For if they could control it, it would be already gone.

OrgonePyramid

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wait until february 2021 and check the dollar again ;-)

CODE200

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Quote from: AniviaBtc on November 11, 2020, 02:28:15 AM

Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Probably, yes. The only thing that makes BTC strong is inflation and economic crisis, but if the government is not that printing a lot of money then dollar will be much better.

I think that btc can somehow rely on fiat or dollar due to the fact that we traditionally use fiat in most of our businesses and transactions.

I doubt it is the reason. There's no correlation between cryptos and fiat no matter which currency it is. Simply because of centralization and decentralisation. Bitcoin and most of the cryptos are decentralized, meaning they are not under any government's control, its market value is just dependent with demand and trades. USD is just dependent with the economic condition of a country making its price stable and also, centralisation ofcourse. There is only a linkage between fiat and cryptos due to the aspect of rational exchange of value.

traderethereum

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Quote from: TahuDiniHari on November 10, 2020, 08:57:39 PM

If my point of view, dollar and bitcoin will go together, in the future there will be many people who invest their dollars to become bitcoin. I think it is natural, because the current digital progress has not been evenly distributed, there are still many countries left behind when it comes to dealing with the digital world. so the role of the dollar is very important to convert into bitcoin. our dream is still the same, seeing bitcoin can be accepted in all countries in the world.

I would like to see that happens in the future, as we have not just a dollar in this world, but we also have much currency from many countries.
So if the current currency and bitcoin can be together in all countries, that will give people many chances to have a bright future.
When the cryptocurrency can become globally, it can be used as the payment system option, and people will not just have their currency, but they also have crypto to pay something.
People who know bitcoin will want to see bitcoin to be accepted in all countries in the future, and the chance to see that will be still wide open. But we need to be patient as we know that many countries still do not accept cryptocurrency.

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

You’re not serious Grin

. How can you be donating Bitcoin to government? If you do that you’re just going to be giving them free money and that’s all, and it will never stop them from doing whatever it is they want to do, they will still continue doing it whether it affects Bitcoin or not.

Just imagine telling the government that you’re donating Bitcoin to them because you want them to continue an action that will lead to the failure of their conventional currency? Like who will agree to such thing? They will just collect bitcoins you have donated and put it on auction and sell it, as they do with other crypto assets they lay hands on.

adzino

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Not really. If dollar does go strong, we might see the opposite. The price of bitcoin might start increasing even more. But, do remember, the price of bitcoin is not pegged to that of USD or any other fiat currency. So it doesn't matter if the value of fiat goes stronger or weaker, bitcoin will have its own value determined by the market's demand and supply.

Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

can donate btc to federal reserve to make them not make dollar strong again and keep printing

You don't have to donate btc to "federal reserve?" to make them print fiat currency. They do it on regular basis.

Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

those bankers like money i think if crypto users will donate to them it will keep btc price good

They love money, but they hate decentalized crypto currencies.

AniviaBtc

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Probably, yes. The only thing that makes BTC strong is inflation and economic crisis, but if the government is not that printing a lot of money then dollar will be much better.

I think that btc can somehow rely on fiat or dollar due to the fact that we traditionally use fiat in most of our businesses and transactions.

I'm happy right now that bitcoin is having a good run, its price is in $15,000+ and that's a good sign for me.

3meek

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Quote from: BuNga_cute on November 11, 2020, 01:17:30 AM

If the Dollar strengthens I am sure it will not make Bitcoin go down, because the two have no relationship. Then regarding the donate
Bitcoin to federal reserve to make the Bitcoin price rise, it is an action that does not need to be done. Doing so will only be useless,
because Bitcoin increases based on demand and supply. I really hope the Dollar and Bitcoin in the future can be used together,
so Bitcoin is used as a payment alternative not to replace fiat.

In my opinion, bitcoin is not a very good alternative means of payment. It is well visible now, when for a quick transaction you need to pay a few tens of dollars for a commission...

BuNga_cute

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If the Dollar strengthens I am sure it will not make Bitcoin go down, because the two have no relationship. Then regarding the donate
Bitcoin to federal reserve to make the Bitcoin price rise, it is an action that does not need to be done. Doing so will only be useless,
because Bitcoin increases based on demand and supply. I really hope the Dollar and Bitcoin in the future can be used together,
so Bitcoin is used as a payment alternative not to replace fiat.

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Despite the election of US presidential ended in favour of Joe Biden which may cause hardship in the country because Donald Trump refuse to step down claiming that the election was not free and fair in November 3. With this condition US need more money to sustain their citizens to survive for now in the country. Government still have the power to direct the central bank to print more money for the country, not to allow the citizens to donate any money to support the government. Dollar is a centralized currency which is control by the government not any private sector in the country.
Bitcoin is a decentralized currency in the country which is not control by any country of the world. No government officials have access to control bitcoin or to impose them to donate for the government.

gurjasmeetsingh

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I think dollar is a oldest currency instead of bitcoin. So we can see if the dollar price is high, then bitcoin price is low. Because bitcoin is own currency. Dollar is play the role to convert into bitcoin. But if we see point of view of bitcoin. This is the same as dollar, due to popularity of bitcoin, lot of people intresting investing in bitcoin. Then we can say there is no difference in dollar & bitcoin. So if dollar rates high then bitcoin rate will high. But it's my thinking. I didn't know others thinking. I think so.

TahuDiniHari

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If my point of view, dollar and bitcoin will go together, in the future there will be many people who invest their dollars to become bitcoin. I think it is natural, because the current digital progress has not been evenly distributed, there are still many countries left behind when it comes to dealing with the digital world. so the role of the dollar is very important to convert into bitcoin. our dream is still the same, seeing bitcoin can be accepted in all countries in the world.

senya-com

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Bitcoin is actually a technical base for mass psychologically approved dollar at the moment, so I suppose the confrontation of these two "brands" is not a deal now...

Casdinyard

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Quote from: ?? on ??

In my opinion, between dollars and BTC cannot be separated where people need cash in dollars and investment in BTC, so that if the dollar decreases, the value of BTC will also decrease.

Definitely wrong. There's no linkage regarding the price of Bitcoin and USD because in there first place, there's no proportionality. Majority of people will use fiat to invest in cryptos but that won't make their prices proportional due to their nature of centralization and decentralisation. The market price of Bitcoin and most of the cryptos are decentralized meaning it is not under control of any third party network such as banks unlike in fiat wherein it is centralised which makes its market price more stable. That's also why the market price of Bitcoin is volatile because it is not dependent with the governments.

royalfestus

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Government has a very silent interest in bitcoin especially in USA and the interest is devoted to the Tax and they will come after everyone after the bull market to take there share. The fund in cryptocurrency comes from everywhere in the world, the bits and bits from FOMO which happens like in every other investment. Dollar is still a unit of Bitcoin value and has most fiat pair transaction. Most stable coin in the space are kept in USD, some which has a good storage in the bank as fiat.

davis196

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

I guess that by "donating" you mean bribing the central bankers to print more money.
This is a joke,right?You know that central bankers cannot be bribed,because they can print unlimited money for themselves,so they don't need any BTC or bribes. Grin

Jokes aside,the US dollar has been very stable during the last few weeks.The presidential elections didn't help to increase the USD market volatility.Millions of people around the world still prefer US dollars over Bitcoin,but I hope that will change in the future.

BTCappu

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What makes you think that donating BTC to the government will stop them from printing more paper money? You’re just going to be wasting your time, and by the way how much do you think you’re going to donate that will be enough for the government to stop them from printing more money?

Nah, that’s not going to work, they are still going to continue with their printing of money, and before government or should I say the central bank, decides to print money there must be a reason for it, although too much of the printing is making the fiat to lose its value.

proTECH77

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Bitcoin will still remain decentralized in the world.
Dollar is a centralized currency which government can decide to print more money to improve their economy and other amenities in the country. I don't think there's, any amount anyone can give to crypto to start pumping without is not yet time to pump.
Dollar is a centralized currency which many people are use to in the area of exchange market. Even government Is wondering decentralized currency is well steady and stable in transaction.
Bitcoin price is rising why other cryptocurrencies is reducing just becaus it is time for bitcoin to pump not government or any official power that is making it to pump.

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

LOL, you are free to donate your bitcoin if you want to, after all it's yours and you can do anything you want with it, for me i don't see any reason why i should donate something that is limited and not even to a charity home but to the government, haha I can't do that cus they have printed alot of dollars for themselves and they will continue printing more of it, so I will gladly hold on to the few bitcoin's I can gather before the 21 million bitcoin is completely mined, although that's going to take alot of years.

oktana

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Imagining paying the government to stop printing dollar. It just ends in imagination because that's impossible. There are certain things that money can't buy. As for bitcoin, we don't have to buy people over it. When the time comes, bitcoin will known above dollar itself.

Sterbens

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In this context, let me assume that I will focus on your topic, namely BTC vs Dollar. My discussion only responds to the nature of the two currencies, each of which has vast differences. But what I will respond to is in terms of similarities or rather from the neat relationship between BTC and the dollar. because agree or not that BTC will not have such a great value if it is not paired with the dollar. The point is that between the dollar and the BTC need each other. It's clear because we all refer to 1 btc converted to dollars.

Shasha80

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Your thinking seems to be wrong saying the US Dollar can make the price of Bitcoin go down. Because Bitcoin price movements are not
based on US Dollar prices. So the US Dollar strengthened not necessarily will make the Bitcoin price fall, then by donating Bitcoin to the
US government will not weaken the US Dollar and stop printing money. And there is no guarantee that donating Bitcoin to the American
government will make the price of Bitcoin go up.

kawetsriyanto

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

It doesn't work like that. Dollar doesn't influence the value of Bitcoin, also Bitcoin never bothers the dollar's value. If you saw the drop in dollar value, it may be caused by the current political situation in USA. While the improvement in Bitcoin, it is probably caused by more people involved in Bitcoin investment. Also, people are confident with Bitcoin assets since it potentially brings higher profits and becomes more familiar in society around the world.

tanjiran

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

As many previous members explained, BTC is not directly affected by the dollar. On a separate basis, if we observe, the price of btc tends to be influenced by the expansion of adoption and changes in demand and supply in the market.

So, you don't have to waste money to donate BTC to them, you could be suspected of bribery. it is enough to focus on opportunities in the crypto market, make the best use of the opportunities that are available, I am sure it will still exist even if the dollar strengthens.

ilovealtcoins

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Quote from: masphie on November 04, 2020, 05:26:12 AM

I just want repy your first line, not about donate...

From my analysis, it is true ... if the dollar exchange rate goes down, bitcoin prices will tend to rise. And on the contrary, if the dollar rises, bitcoin prices tend to fall.

CMIIW

That is the rule when there is a lot of money in the main market that money is automatically devalued because of the dilution. People will use the money to own finite assets like Bitcoin, stocks, and real estate.
Again, when the dollar stops printing, more money flows into the market, and the value of the dollar increases. People will prioritize cash over other assets.

farrellronald

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BTC
the good thing about bitcoin is that it does not include paper and the amount is fixed. if there was any time in the history to compare USD with BTC, it was at the start of bitcoin when everybody were mocking bitcoin and now all of them are trying to have a share in it

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I just want repy your first line, not about donate...

From my analysis, it is true ... if the dollar exchange rate goes down, bitcoin prices will tend to rise. And on the contrary, if the dollar rises, bitcoin prices tend to fall.

CMIIW

proTECH77

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US dollar will remain centralized currency which is control by the government of US . During the pandemic many currencies devalue which some government are still looking for way print more money to the country to reduce the hardship covid-19 has caused in the world economy.
Bitcoin is still decentralized currency in the exchange market which many investors are using it to invest to make a good profit. Dollar can never cause bitcoin to devalue because is not control by the government. During the pandemic bitcoin was still maintaining the price in the market.

3meek

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The original libertarian idea of Bitcoin exists on different planes with the government Wink

So let them print as many papers as they want!
This will end badly for FED and all markets...

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Quote from: Boov on November 03, 2020, 05:12:33 AM

Bitcoin can be used in any countries as long as the country you will going to travel on were accepting bitcoin as a payment while in a dollar currency you will needed to exchange it to the currency of one country where you were planning to go on.

No need to think like this,,, you can simply just sell your Bitcoin p2p in almost any country and get the local cash to spend. Even where Bitcoin is banned you can find people selling it p2p in telegram or wechat these days.

I actually think more countries have Bitcoin buyers than USD buyers.

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Quote from: Assface16678 on November 03, 2020, 10:16:31 AM

Quote from: bitcampaign on November 03, 2020, 07:39:07 AM

a lot of stupid people often make threads like this always compare bitcoin with others, not the least it often looks like this, after this maybe bitcoin vs gold, it's like a fool that makes the thread unclear, again no influence with high dollar value or go down even with the price of bitcoin, learn more about it and understand what bitcoin means

Well, we cannot blame them from doing so.
Both cryptos and fiat share a common ground for being a currency, the difference is the platform and their characteristics as a currency. Likewise with gold having common denominator of being an investment. People will never stop comparing even if informations are already existing that will answer their question, maybe because they want it to hear for themselves.

Going back, as how it was mentioned by other users, these currencies are not related or are not having proportionality. One won't engage aiming to destroy another since there's no linkage. And if there is a way from doing so, ofcourse USD will be dominant over Bitcoin, that is for sure especially at this moment.

I am agree with what you have said mate. Bitcoin and dollars or any fiat are the same. Whether it is bitcoin or fiat , both are currency meaning you can use it as a mode of payment so it doesn't matter but its usage is depending on the place you are living because in some countries, places or areas, bitcoin cannot be used as a means of payment for some reasons like it is not yet approve or the place is not yet bitcoin oriented.

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Quote from: bitcampaign on November 03, 2020, 07:39:07 AM

a lot of stupid people often make threads like this always compare bitcoin with others, not the least it often looks like this, after this maybe bitcoin vs gold, it's like a fool that makes the thread unclear, again no influence with high dollar value or go down even with the price of bitcoin, learn more about it and understand what bitcoin means

Well, we cannot blame them from doing so.
Both cryptos and fiat share a common ground for being a currency, the difference is the platform and their characteristics as a currency. Likewise with gold having common denominator of being an investment. People will never stop comparing even if informations are already existing that will answer their question, maybe because they want it to hear for themselves.

Going back, as how it was mentioned by other users, these currencies are not related or are not having proportionality. One won't engage aiming to destroy another since there's no linkage. And if there is a way from doing so, ofcourse USD will be dominant over Bitcoin, that is for sure especially at this moment.

Mr.sprin

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Bitcoin and the dollar are not the same. No end, just a waste of time discussing it.
I think bitcoin with dollars has no effect, you think it crossed your mind too much to come up with a trick like this.

bitcampaign

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a lot of stupid people often make threads like this always compare bitcoin with others, not the least it often looks like this, after this maybe bitcoin vs gold, it's like a fool that makes the thread unclear, again no influence with high dollar value or go down even with the price of bitcoin, learn more about it and understand what bitcoin means

Teresa_FX1

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The Fed owns the whole world, they don't need your donation. They can't fully control bitcoin but they try to control who owns it.

Boov

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Quote from: Warkop on November 03, 2020, 01:37:29 AM

I never thought of donating BTC to them and will never do that, because in my opinion if BTC weakens it's time for BTC to go down, but I'm sure it won't be long and will definitely go up again, so why donate BTC to them, I think the idea You are very bad for this and make all the users on this forum reproach you. So, if you have BTC, you better save it to see the next BTC developments.

If i were to compare between dollar and bitcoin for me both currencies has their own respective role in economy where two were belong to different areas too. Both were especial currencies to the respective users. Bitcoin was intended for digital transactions and dollar was a fiat a paper currency used in the daily basis of US residents. But what do they differ from each other was the coverage of their uses. Bitcoin can be used in any countries as long as the country you will going to travel on were accepting bitcoin as a payment while in a dollar currency you will needed to exchange it to the currency of one country where you were planning to go on.

Warkop

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I never thought of donating BTC to them and will never do that, because in my opinion if BTC weakens it's time for BTC to go down, but I'm sure it won't be long and will definitely go up again, so why donate BTC to them, I think the idea You are very bad for this and make all the users on this forum reproach you. So, if you have BTC, you better save it to see the next BTC developments.

dorritassertive

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Well, weaker USD drove up Bitcoin prices in 2020...

so98nn

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

Are you asking here to bribe the USA government to print more money? Lolz. It sounds like that only. Grin

I am pretty sure whoever does that will have federal notices right away. Let us not forget that there was one guy who tried to bribe the federal people in the past but he was behind the bar.

I am talking about the wolf of wall street.

Also, it won't help much because there are not only one government who is printing money and there are multiple nations with multiple population is involved in the bitcoin.

This would be the same case as Aliens visiting the Earth and they only see one country, USA. Tongue

Stedsm

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Quote from: philipma1957 on November 02, 2020, 11:58:11 PM

Quote from: Stedsm on November 02, 2020, 06:13:28 PM

Quote from: cryptoboss2020 on November 02, 2020, 06:06:24 PM

nobody dont do nothing for you for nothing:D

faover for faouvere:)

--snip--

I would argue btc is under debt, but from the mining viewpoint most of the time.

Minting anything costs us something, right? But still BTC is not so expensive like when it comes to printing these fiats (I don't have any problem with fiat but when compared with BTC, I believe that BTC will always be preferred by me). The cost of producing notes and mostly the coins of these currencies cost a lot to the Governments and if that is to be compared to BTC, I believe miners have been justified very well since the beginning of it except some times when the profitability decreased (but tell me, did it remain unprofitable forever?). And I "guess" it's the best time for miners when price hikes took place and so did the transaction fees. It was an icing on the cake (I'm not targeting hobbyist miners like you but those who look for profits) when hiked transaction fees were (and are still) being collected alongside the newly minted coins.

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Quote from: Stedsm on November 02, 2020, 06:13:28 PM

Quote from: cryptoboss2020 on November 02, 2020, 06:06:24 PM

nobody dont do nothing for you for nothing:D

faover for faouvere:)

The problem here is, if you even send them all the Bitcoins ever mined till date (even the Satoshi coins), I don't believe it'll make any difference as in comparison, their USD will still remain strong because of the number they print and the number that's already in circulation. And when their supply can easily fulfil BTC traders' hunger of "printing" their own money in terms of gaining more and more BTC, I don't believe that your "favor for favor" bribery will work out. Wink

Can BTC be printed like USD? No.
Can BTC be inflationary like USD? No.
Is BTC linked to a single country or global? Global.
Is BTC highly under debts like these fiats are?
No, and you already know the value of debt US is currently under, so once the bubble bursts, what will be devalued? Getting it no?

I would argue btc is under debt, but from the mining viewpoint most of the time.

YOSHIE

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Where did you get that method / graph.
Bitcoin has nothing to do with the dollar.
I asked the OP again.
1. What year was Bitcoin created.
1. What year was the dollar created.
You can answer that answer yourself.

You are wrong, in judging between Bitcoin and the dollar from its price movements, The dollar's all-time rise to the highest price of Federal Reserve funds was influenced by the overnight lending rate against other banks, This is a factor that affects the dollar's rise and fall caused by 'instagflation' or a high rate of inflation against the shrinking world economy.
• While Bitcoin is measured by Buying & Selling, while the dollar is measured by exchange rates, foreign exchange, and Treasury
• In fact the dollar strengthens with the exchange rate, so it has nothing to do with Bitcoin and the dollar, even though you have to donate to the Federal Reserve.

maydna

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

You can donate your bitcoin to the government if you want. But I don't want to do that thing because I want to store my bitcoin for myself and my family Grin

You can do whatever you want with your bitcoin, and there are no people who can stop you. But I wonder if you really want to donate your bitcoin to your government Grin

The government will figure out how to make their currency strong again and keep printing their money. I don't think that the crypto users will donate their bitcoin to them, as many of us are trying to make money. But they will donate their money in fiat to the charities because that is a good thing that they can do to help other people's lives.

pooya87

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they don't need your incentive to print dollar, they have already been printing it with crazy speed and amount and the USD value has been decreasing due to the inflation it causes.
besides, "price" of bitcoin against another currency doesn't matter. its value or purchasing power is the important thing. for example it doesn't matter if 1 satoshi is worth $1 or $1000 as long as you can buy a cup of coffee with 1 satoshi for example. and that value is increasing ONLY with more adoption. the adoption is also happening regardless of what value US dollar has.

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

What if it goes both strong? if dollar goes strong again, the question is when? we might see a quick recovery from them but I don't see that it will make bitcoin go down.

Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

Why donate? they have unlimited money while us, we have limited bitcoin.

Darker45

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

The strength of the dollar rises and falls based on its domestic economy, trades, demand in the international market, and so on. In other words, it doesn't significantly affect Bitcoin, if at all. Bitcoin has its own adoption growth, demand and supply, relevant development, news and rumors, and so forth which affect its price. So I don't think the strengthening of the USD will pull Bitcoin's price down.

Lorence.xD

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The biggest difference between the two is that the one enslaves the people and the other freeds them from those shackles of the old and broken perpetual financial system. Bitcoin although is dwarfed in age compared to dollars, the potential behind the technology is still unimaginable and this is what makes bitcoin different, there is no central authority that imposes value in it.

Jating

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Not always the case, it's just became evident that the dollar is weakening because the US government is printing more. But it doesn't mean that when it goes up again, bitcoin will suffer. Bitcoin ecosystem, has been decoupling itself with stock market, meaning it has it's own price movement regardless if USD is strong or stock or any other traditional market is weakening.

Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

NO reason whatsoever to donate to federal reserve, no individual in his right frame of mind will do that.

cryptoboss2020

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Quote from: romero121 on November 02, 2020, 06:20:09 PM

Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

Thats a wrong assumption, just because people donating bitcoin to the federal reserve USD won't get stronger. USD is tied up with various factors. The financial system isn't prepared to operate along with bitcoin, maybe in the future we can see co-existence.

To stop printing of money is not a possible factor, because the economic need on each day is increasing and not decreasing. Right now Bulgaria is the only country that has begun to consider bitcoin as a reserve and holds more volume than gold. USA hasn't come to that state, and bitcoin being manipulative if there happens a price drop how will be the money printed. So, in practical terms it isn't possible.

they print usd usd will be used to buy usdt and and with usdt buy btc boom bitcoin goes up ...if they dont want bitcoin no problem cash out and give them cash gold maybe cars what ever they like lol Grin

maybe they want some nice private ireland ...np we buy them just keep printng.

romero121

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Quote from: cryptoboss2020 on November 02, 2020, 05:52:26 PM

if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

Thats a wrong assumption, just because people donating bitcoin to the federal reserve USD won't get stronger. USD is tied up with various factors. The financial system isn't prepared to operate along with bitcoin, maybe in the future we can see co-existence.

To stop printing of money is not a possible factor, because the economic need on each day is increasing and not decreasing. Right now Bulgaria is the only country that has begun to consider bitcoin as a reserve and holds more volume than gold. USA hasn't come to that state, and bitcoin being manipulative if there happens a price drop how will be the money printed. So, in practical terms it isn't possible.

Stedsm

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Quote from: cryptoboss2020 on November 02, 2020, 06:06:24 PM

nobody dont do nothing for you for nothing:D

faover for faouvere:)

The problem here is, if you even send them all the Bitcoins ever mined till date (even the Satoshi coins), I don't believe it'll make any difference as in comparison, their USD will still remain strong because of the number they print and the number that's already in circulation. And when their supply can easily fulfil BTC traders' hunger of "printing" their own money in terms of gaining more and more BTC, I don't believe that your "favor for favor" bribery will work out. Wink

Can BTC be printed like USD? No.
Can BTC be inflationary like USD? No.
Is BTC linked to a single country or global? Global.
Is BTC highly under debts like these fiats are? No, and you already know the value of debt US is currently under, so once the bubble bursts, what will be devalued? Getting it no?

Oshosondy

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I hope you know bitcoin is a deflationary currency, unlike fiats that are inflationary, US dollar could be strong but it is still part of fiats and subjected to manipulations from the United States governments. If US dollar supply is reduced today, the price will go higher while bitcoin price will reduce for that moment. But in the next 10 years, you will see the price of bitcoin that would have increased against US dollar again. The gain will be from:

1. Bitcoin as an deflationary currency, a currency with limited total supply
2. US dollar devaluation, which will eventually happen.

So, no point at all. Fiats are meant to be manipulated and depreciate.

cryptoboss2020

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Quote from: Stedsm on November 02, 2020, 05:59:25 PM

Why do you want to donate BTC to them? BTC is priceless with a hefty price tag and their printed dollars will literally remain $1 = $1 but BTC isn't the same thing. It's better to keep your coins safe with yourself, and I believe you'll get behind the bars trying to bribe them to stop printing dollars (lolz jk). Though, they won't stop doing it because they do it not in millions but trillions so better let them do it. USD had a great streak upside, still BTC maintained to remain above $10k and reached even $14k (2yo high) and currently sitting at $13575 (Binance at the time of writing this). So it's better to keep your highly undervalued BTC with yourself and throw their dollar bills on their faces. Grin

nobody dont do nothing for you for nothing:D

faover for faouvere:)

Stedsm

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Why do you want to donate BTC to them? BTC is priceless with a hefty price tag and their printed dollars will literally remain $1 = $1 but BTC isn't the same thing. It's better to keep your coins safe with yourself, and I believe you'll get behind the bars trying to bribe them to stop printing dollars (lolz jk). Though, they won't stop doing it because they do it not in millions but trillions so better let them do it. USD had a great streak upside, still BTC maintained to remain above $10k and reached even $14k (2yo high) and currently sitting at $13575 (Binance at the time of writing this). So it's better to keep your highly undervalued BTC with yourself and throw their dollar bills on their faces. Grin

cryptoboss2020

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if dollar goes strong agianst btc then btc goes down?

Grin

can donate btc to federal reserve to make them not make dollar strong again and keep printing:D Cheesy

those bankers like money i think if crypto users will donate to them it will keep btc price good Grin

Topic: dollar vs bitcoin (Read 785 times)