There is an important fact to be brought to light here.
Yes, 20% of all dollars was printed in 2020 alone, but the tides of inflation that come as a consequence from printing all that money has not taken effect yet. The value of the dollar is still as it was before the incessant BRRRRing of the dollar began. All for the simple fact that those newly printed dollars aren't in circulation yet
Aside from that, Bitcoin appreciating heavily in value was the result of the dynamic between good ol' supply and demand. Bitcoin's miner rewards were halved at the end of 2020, and demand suddenly surged.
Topic: Rise of Bitcoin, Fall of Dollar - page 2. (Read 277 times)
Not that falling at all. Yes, there was a lot of printed money that came into the economy but still, it's still remaining as-is. What's making bitcoin valuable these days is because of the adoption and don't forget about the halving last year is now in effect.
There were also ideas like, real estate not increasing in value either, its just the dollar (fiat money in general) falling in value, and making building apartments seem more valuable... but let's just stick with Bitcoin....
In some places and countries, there's not that much movement for real estate properties and as I canvass in my area, they're still as high as before.Bitcoin increased in price by a factor of 5 in this bull run, do you think US dollar has decreased in value by the same amount in this time? And what about all the other fiat currencies in the world - why is Bitcoin rising against them at the same rate that it rises against US dollar? Whomever said that "1 Bitcoin is still 1 Bitcoin, it is only the value of the dollar falling" clearly wasn't arguing in good faith, or maybe simply economically illiterate.
But you do know that 20% of the total amount of dollars were printed in 2020 alone....
thats like a 5th of its total...
just saying...
maybe the dollar is really falling that much...
the only reason its still superior to other fiat is the fact that some currencies use them as a measuring rod...
and most of this countries are in a knee deep debt....
making their own currency no better.
so yeah I think so
thats like a 5th of its total...
just saying...
maybe the dollar is really falling that much...
the only reason its still superior to other fiat is the fact that some currencies use them as a measuring rod...
and most of this countries are in a knee deep debt....
making their own currency no better.
so yeah I think so
so is Bitcoin rising in value, or is it the dollar falling in value....
or are the two going both ways??
They are both going both ways. Bitcoin is an asset with a fixed supply and an immutable blockchain powering it, the dollar is a currency with an infinite supply and is prone to supply shocks which reduces the value per note. This doesn't however mean Bitcoin would continue rising against the dollar, always be ready for market changes which causes price volatility. or are the two going both ways??
If you understand that 1BTC would always be equal to 1BTC, th n price speculation would not factor in much.
Worldwide, the dollar is the most recognised legal tender for buying and selling, comparing the bitcoin to dollars is not a fair comparison because bitcoin is just an emerging digital currency that has not gained complete adoption and acceptance from the market. Over time when bitcoin has gained a steady value and is no longer mobed by speculation, we can then make good comparison. For the now, the dollars is going no where.
Too close to call it honestly. While the USD is in a rapid devaluation stage due to a series of helicopter money and other uneventful things happening in the US economy, in the grand scheme of things, USD is still USD and will still be valuable to a lot of economies that use it for trades, reserves, and whatnot. While bitcoin is doing a pretty solid job of getting to higher highs and maintaining momentum, I still think that that alone wouldn't be enough to 'cause' the fall of the USD.
actually both are happening at the same time but at a different rate.
USD has been losing its value and will continue losing a lot more thanks to all the bills they printed but that dump is still nowhere near how much bitcoin price went up.
bitcoin value did also increase because of all the adoption you can always check the bitcoin price versus some goods to see how its value has actually gone up too. for example groceries, you can see how much a bag of fixed grocery items can be bought with bitcoin today compared to a couple of months ago.
USD has been losing its value and will continue losing a lot more thanks to all the bills they printed but that dump is still nowhere near how much bitcoin price went up.
bitcoin value did also increase because of all the adoption you can always check the bitcoin price versus some goods to see how its value has actually gone up too. for example groceries, you can see how much a bag of fixed grocery items can be bought with bitcoin today compared to a couple of months ago.
Bitcoin is rising in value while the USD is losing purchasing power. But USD's loss isn't powerful enough for it to pump BTC by this much, so it doesn't really count at all since it probably accounts to max 0.5% of BTC's value increase..
"1 Bitcoin is still 1 Bitcoin, it is only the value of the dollar falling"
(due to inflation, because the government just keeps printing money out of thin air)
Price of bitcoin has been increasing in more than 10 years since its birthday. The value of satoshi unit has been increasing. People used bitcoin for their bitcoin transactions in the past but in recent years, they more regularly to use satoshis for their transactions. You would know that 1 Bitcoin = 100 million of satoshi unit.(due to inflation, because the government just keeps printing money out of thin air)
Yearly lowest price of bitcoin has been increasing over years as well.
As we know the decline of the paper currency has begun, it never gives us as much freedom as Bitcoin and other cryptocurrencies do. This is why people rely more on Bitcoin and because the supply of Bitcoin is low and the price is increasing due to more buyers.
1 Euro is still 1 Euro.
1 Bitcoin is still 1 Bitcoin
1 Dollar is still 1 Dollar.1 Euro is still 1 Euro.
Many factors. The reasons for the current weakening of the dollar, one of which is that current investors are one of the factors that can also affect the decline in the dollar, since the market was opened, Many investors are hesitant to take US dollars, their reasons are very simple, among others: reluctant to take dollars because they are "bored" choosing dollars in this period.
For this reason, it could be that investors turn to Bitcoin, they may be looking for new sensations in trading / investing, because Bitcoin can be counted on in today's trading, My belief is that if factors like this continue to happen, investors are looking to Bitcoin, it is very likely that Bitcoin this year could reach a level that we never expected / the highest of its current price.
Today's world has turned to crypto, fiat is tired of it.
For this reason, it could be that investors turn to Bitcoin, they may be looking for new sensations in trading / investing, because Bitcoin can be counted on in today's trading, My belief is that if factors like this continue to happen, investors are looking to Bitcoin, it is very likely that Bitcoin this year could reach a level that we never expected / the highest of its current price.
Today's world has turned to crypto, fiat is tired of it.
It's too early to draw any conclusions. Bitcoin is still not a competitor to the dollar. The dollar can't disappear instantly.
Bitcoin increased in price by a factor of 5 in this bull run, do you think US dollar has decreased in value by the same amount in this time? And what about all the other fiat currencies in the world - why is Bitcoin rising against them at the same rate that it rises against US dollar? Whomever said that "1 Bitcoin is still 1 Bitcoin, it is only the value of the dollar falling" clearly wasn't arguing in good faith, or maybe simply economically illiterate.
Well yeah, that's what it is, it can't be 1 bitcoin equal to .1 bitcoin. The rise of bitcoin doesn't necessarily meant that dollar is falling behind, isn't most bitcoins bought using USD. The increase in prices is because of supply and demand in bitcoin and not dollar falling behind.
Today I found out something very interesting...
"1 Bitcoin is still 1 Bitcoin, it is only the value of the dollar falling"
(due to inflation, because the government just keeps printing money out of thin air)
There were also ideas like, real estate not increasing in value either, its just the dollar (fiat money in general) falling in value, and making building apartments seem more valuable... but let's just stick with Bitcoin....
so is Bitcoin rising in value, or is it the dollar falling in value....
or are the two going both ways??
"1 Bitcoin is still 1 Bitcoin, it is only the value of the dollar falling"
(due to inflation, because the government just keeps printing money out of thin air)
There were also ideas like, real estate not increasing in value either, its just the dollar (fiat money in general) falling in value, and making building apartments seem more valuable... but let's just stick with Bitcoin....
so is Bitcoin rising in value, or is it the dollar falling in value....
or are the two going both ways??
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