Topic: If USD falls - page 4. (Read 12303 times)
Of course, the decline in the price of the dollar for bitcoin will affect it. That's only in what way will this change. For some reason it seems to me that bitcoin in this situation should grow.
Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
Btc and all other cryptos were created as an alternative to fiat currencies, so they are absolutely independent. The value of crypto is determined mostly by its demand and has nothing to do with the situation on fiats market.
for me,i don't think fall in the price of USD will impact Bitcoin value because bitcoin is a decentralised currency and is a digital currency. USD is a physical money where as bitcoin is a digital money and bitcoin has its own market.
I believe that if the dollar falls, it absolutely does not affect bitcoin in any way. Bitcoin is completely different, it's not a fanatical money, and it is not tied to the dollar in any way.
Between USD and Bitcoin there is a relationship of value. Typically, Bitcoin is usually converted into USD. And most investors will use the dollar to buy Bitcoin speculation. So, if the dollar price drops, the value of Bitcoin will also decrease.
However, the rise and fall of the USD price did not significantly affect the growth or decrease of Bitcoin prices in the Cryptocurrency market.
However, the rise and fall of the USD price did not significantly affect the growth or decrease of Bitcoin prices in the Cryptocurrency market.
Bitcoin prices are mainly measured with fiat currencies such as USD, EUR, JPY, etc. The huge amount of fiat money printing explains why Bitcoin has a big advantage over fiat currencies. The total number of bitcoins is fixed at 21 million, so in the long term, Bitcoin will not have inflation when mining is completed. This means that in the future people can save money with Bitcoin and not have to worry about losing money from printing money.
That's right. The CPI of the euro has risen from 90.8 in 2009 to 103.8 in May 2018, showing a 1.5% annual inflation rate since the launch of Bitcoin. As a result, EUR inflation will cause Bitcoin prices to rise by 1-2% per annum against the euro.
Since the launch of Bitcoin, the USD CPI has risen from 211 to 252, corresponding to an inflation rate of approximately 20%. As a result, US $ inflation will cause Bitcoin prices to rise by 2-3% per annum. This is, in fact, impossible to detect because Bitcoin prices are extremely volatile, but perhaps once the Bitcoin market has matured it will become a more important factor.
Bitcoin prices are mainly measured with fiat currencies such as USD, EUR, JPY, etc. The huge amount of fiat money printing explains why Bitcoin has a big advantage over fiat currencies. The total number of bitcoins is fixed at 21 million, so in the long term, Bitcoin will not have inflation when mining is completed. This means that in the future people can save money with Bitcoin and not have to worry about losing money from printing money.
Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
I believe that bitcoin does not depend on the price of the dollar. In other words, the dollar cannot affect bitcoin. We certainly trade in this currency pair and understand that everyone is guided by the dollar as an international asset. However, this is only an indirect understanding of this dependence.Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
I think this is very influential with BTC. Drastic changes in Bitcoin prices in a short time can make you feel trapped, especially after buying Bitcoin but prices suddenly drop so that the value is not enough to be used to pay for the items you want.
I think it is not going to happen because the economy it is the world currency, if it happens in future then the bitcoin price will be increased more. Because the demand will increase and the number of users as people will choose the alternatives and hope so the best alternative will be bitcoin at that time.
I think USD and bitcoin have a relationship. So if the USD has a problem then the bitcoin will also show signs of change
I agree with you. USD and BTC have a relationship
But unfortunately you’re wrong, it’s BTC itself that we are taking about and when USD falls BTC is not falling with it. Any currency that happens to be in power as of then takes over everything and USD will be removed.
I think bitcoin is independent of all currencies in the world. Even if the dollar goes down, bitcoins are rising or falling independently. The price of bitcoin was only marginally affected but not significantly when the euro and the dollar fell
If the USD falls, bitcoin will increase because the bitcoin value is bought in dollars, when the dollar is low, the bitcoil will rise, the dollar will directly affect many other currencies. USD important with economy
Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
For several years of observation of bitcoin and other cryptocurrencies, I can say that I have not noticed a direct dependence on other currencies, including the us dollar. I can say with confidence that bitcoin directly depends on the news that are narrated in the media.
Agree bro. Bitcoin is not dependent on US dollars movement but it is dependent on the news scattered online through social media and also to the country that started adapting bitcoin as their direct option currency in the future. Great falls of US dollars doesn't mean bitcoin great losses.
Depends how you look at it, maybe not dependent but if the dollar would fall that would heavily influence bitcoin and it's price.
Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
For several years of observation of bitcoin and other cryptocurrencies, I can say that I have not noticed a direct dependence on other currencies, including the us dollar. I can say with confidence that bitcoin directly depends on the news that are narrated in the media.
Agree bro. Bitcoin is not dependent on US dollars movement but it is dependent on the news scattered online through social media and also to the country that started adapting bitcoin as their direct option currency in the future. Great falls of US dollars doesn't mean bitcoin great losses.
Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
For several years of observation of bitcoin and other cryptocurrencies, I can say that I have not noticed a direct dependence on other currencies, including the us dollar. I can say with confidence that bitcoin directly depends on the news that are narrated in the media.
Yea it's true, we always hoping that many news telling bitcoin on positive perspective.
If USD price become weakened then IMO it wont affect to the bitcoin price except when you're talking about other currency such like KRW/BTC pairs, so it will affect to KRW/BTC pairs and make KRW value increasing.
Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
For several years of observation of bitcoin and other cryptocurrencies, I can say that I have not noticed a direct dependence on other currencies, including the us dollar. I can say with confidence that bitcoin directly depends on the news that are narrated in the media.
Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
it will make bitcoin's value impossible to measure. because you would need to find another nation where the working population is gambling with their money like americans and their banksters do i showed that in a visualisation called the 6 columns of bitcoin
Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
So now USD is the leading currency in the world right? Good. So what if it fails, what do you think will happen exactly, do you think that the whole of other currencies are going to fall along side of it? Nope you’re wrong if that’s what you think, and same thing applies to BTC, the price of USD in market does not affect BTC. When USD falls, other currencies don’t fall with it, it’s left for the Bitcoin devs to decide BTC is worth.
If the United States Dollar loses its value then I am pretty sure that people will begin to use a different Currency. Abstract Bitcoin as not a unique selection.
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