Topic: I like this a LOT :) (Read 2283 times)
A news article commenting on price trends? What is the point? I have charts for that.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Why would $ decline when bitcoin rises in value? Do U really think bitcoin makes it go down
Lack of demand = lower value, worth less.
People exchanging fiat for bitcoin means they put less value in usd and more in btc...so bitcoin goes up, usd goes down. Once mega money starts cashing in to bitcoin, the usd value will drop more significantly...it's basically people dumping fiat for some other currency. Every time China does it the dollar falls.
bitcoin does not have that big of a market cap to make that much of a difference in the price of the dollar.
The market cap of bitcoin is well under $10 billion. There are tens of trillions of dollars worth of dollars.
true. usd market cap is more than 18.7 trillion. btc is like 8+ billion
This is why bitcoin is more appropriate for 3rd world countries.
Well you can see it the other way around.
It represents such a small percentage that it will most likely be held by the eastern world.
It has more potential for 3rd world countries. They would benefit more relatively speaking
Yes, it's odd - at the beginning it states that Bitcoin is considered a safe store of value "to protect from wild swings in fiat currencies...", but then goes on to say the U.S. dollar and bitcoin move in the same direction, while gold moves in the opposite direction.
Confused article that doesn't really tell us anything.
Confused article that doesn't really tell us anything.
Was probably a slow news day and they picked anything to write about.
Why would $ decline when bitcoin rises in value? Do U really think bitcoin makes it go down
Lack of demand = lower value, worth less.
People exchanging fiat for bitcoin means they put less value in usd and more in btc...so bitcoin goes up, usd goes down. Once mega money starts cashing in to bitcoin, the usd value will drop more significantly...it's basically people dumping fiat for some other currency. Every time China does it the dollar falls.
bitcoin does not have that big of a market cap to make that much of a difference in the price of the dollar.
The market cap of bitcoin is well under $10 billion. There are tens of trillions of dollars worth of dollars.
true. usd market cap is more than 18.7 trillion. btc is like 8+ billion
This is why bitcoin is more appropriate for 3rd world countries.
Well you can see it the other way around.
It represents such a small percentage that it will most likely be held by the eastern world.
It's 70K merchants not 17K and the number is growing daily.
Yesterday it was Expedia and within 10 years people will be surprised when a merchant doesn't accept Bitcoin.
Yesterday it was Expedia and within 10 years people will be surprised when a merchant doesn't accept Bitcoin.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Why would $ decline when bitcoin rises in value? Do U really think bitcoin makes it go down
Lack of demand = lower value, worth less.
People exchanging fiat for bitcoin means they put less value in usd and more in btc...so bitcoin goes up, usd goes down. Once mega money starts cashing in to bitcoin, the usd value will drop more significantly...it's basically people dumping fiat for some other currency. Every time China does it the dollar falls.
bitcoin does not have that big of a market cap to make that much of a difference in the price of the dollar.
The market cap of bitcoin is well under $10 billion. There are tens of trillions of dollars worth of dollars.
true. usd market cap is more than 18.7 trillion. btc is like 8+ billion
This is why bitcoin is more appropriate for 3rd world countries.
Why would $ decline when bitcoin rises in value? Do U really think bitcoin makes it go down
Lack of demand = lower value, worth less.
People exchanging fiat for bitcoin means they put less value in usd and more in btc...so bitcoin goes up, usd goes down. Once mega money starts cashing in to bitcoin, the usd value will drop more significantly...it's basically people dumping fiat for some other currency. Every time China does it the dollar falls.
bitcoin does not have that big of a market cap to make that much of a difference in the price of the dollar.
The market cap of bitcoin is well under $10 billion. There are tens of trillions of dollars worth of dollars.
true. usd market cap is more than 18.7 trillion. btc is like 8+ billion
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Why would $ decline when bitcoin rises in value? Do U really think bitcoin makes it go down
Lack of demand = lower value, worth less.
People exchanging fiat for bitcoin means they put less value in usd and more in btc...so bitcoin goes up, usd goes down. Once mega money starts cashing in to bitcoin, the usd value will drop more significantly...it's basically people dumping fiat for some other currency. Every time China does it the dollar falls.
bitcoin does not have that big of a market cap to make that much of a difference in the price of the dollar.
The market cap of bitcoin is well under $10 billion. There are tens of trillions of dollars worth of dollars.
Why would $ decline when bitcoin rises in value? Do U really think bitcoin makes it go down
Lack of demand = lower value, worth less.
People exchanging fiat for bitcoin means they put less value in usd and more in btc...so bitcoin goes up, usd goes down. Once mega money starts cashing in to bitcoin, the usd value will drop more significantly...it's basically people dumping fiat for some other currency. Every time China does it the dollar falls.
Yes, it's odd - at the beginning it states that Bitcoin is considered a safe store of value "to protect from wild swings in fiat currencies...", but then goes on to say the U.S. dollar and bitcoin move in the same direction, while gold moves in the opposite direction.
Confused article that doesn't really tell us anything.
Confused article that doesn't really tell us anything.
Yeah the "wild swings in fiat currencies" part really threw me for a loop, lol
Especially considering the context we're talking about here is bitcoin, haha.
Why would $ decline when bitcoin rises in value? Do U really think bitcoin makes it go down
Also if I heard correctly, the video clip said that as adoption becomes widespread, the price will increase but then crash? Strange? I can understand volatility decreasing as adoption increases but not the price. Must listen it again in case I've got it wrong.
Haven't seen the video yet, but they may be insinuating that the price will fall because as adoption becomes widespread by merchants, there will be more companies immediately selling off their holdings once they sell goods or services for BTC
Oh thanks, never remembered about that 
It says 19 hours ago under the title, but it may have appeared elsewhere in the past - I don't know. Also the video clip which is included is dated 10 June 2014. One thing I find strange is the comment that the $ & BTC move in a similar direction, while gold moves in the opposite direction. Surely as the $ declines BTC should increase in value?
Oh i see it now, yep i noticed it too but similar=the same so it should be like if dolar is gaining value then bitcoin does too, no?It says 19 hours ago under the title, but it may have appeared elsewhere in the past - I don't know. Also the video clip which is included is dated 10 June 2014. One thing I find strange is the comment that the $ & BTC move in a similar direction, while gold moves in the opposite direction. Surely as the $ declines BTC should increase in value?
Until BTC is a major contender for capital flight from USD, it won't have the reverse correlation. Remember, most people in the world still don't know about Bitcoin, and many people I've read the posts of (who are gold bugs) are adamantly against Bitcoin. At these prices, there isn't enough room in Bitcoin for everyone, so the price will have to be higher for BTC to fill either of those spots.
Oh, just seen I've become a Full Member, exciting, higher signature payments now
Don't forget to update your signature!
Oh, just seen I've become a Full Member, exciting, higher signature payments now
I specially like that this has been posted by CNBC.
Going mainstream very fast!
Going mainstream very fast!
Also if I heard correctly, the video clip said that as adoption becomes widespread, the price will increase but then crash? Strange? I can understand volatility decreasing as adoption increases but not the price. Must listen it again in case I've got it wrong.
Yes, it's odd - at the beginning it states that Bitcoin is considered a safe store of value "to protect from wild swings in fiat currencies...", but then goes on to say the U.S. dollar and bitcoin move in the same direction, while gold moves in the opposite direction.
Confused article that doesn't really tell us anything.
Confused article that doesn't really tell us anything.
It says 19 hours ago under the title, but it may have appeared elsewhere in the past - I don't know. Also the video clip which is included is dated 10 June 2014. One thing I find strange is the comment that the $ & BTC move in a similar direction, while gold moves in the opposite direction. Surely as the $ declines BTC should increase in value?
Oh i see it now, yep i noticed it too but similar=the same so it should be like if dolar is gaining value then bitcoin does too, no? Jump to: