The rise of Bitcoin is not the fall of Dollar. Over the past years, Bitcoin has been rising.
The price changes in Dollar hasn't been as effective as the Rise in Bitcoin's worth so, It doesn't require Dollar to fall.
Bitcoin would still rise, just make sure you have your own units.
Topic: Rise of Bitcoin, Fall of Dollar (Read 333 times)
is Bitcoin rising in value, or is it the dollar falling in value....
or are the two going both ways??
or are the two going both ways??
The weakening dollar isn't priced into the value of stock markets assets or crypto.
Normally it would be priced into the value of gold and inflation protected assets. As some have said the value of silver today is lower than its value in the 1980s. Which appears to imply the weakening dollar isn't yet priced into precious metals the way that it perhaps should.
I think most assume the stock holdings of Warren Buffett and assorted whales would somehow be protected from inflation in the event of the US dollar failing. With the worse case scenario covered -- there isn't much motivation to price the strength of the dollar into assets, which are assumed to be protected.
The same observation may be applied to BTC and cryptocurrencies on some level.
I don't think Bitcoin was created to kill the dollar...
everyone knows that the dollar is dropping due to many factors but the US government is notorious for its 'printing more money' habit. so it is very difficult to say that the dollar has fall. *the most appropriate sentence for me is 'Bitcoin f*ck the dollar'
everyone knows that the dollar is dropping due to many factors but the US government is notorious for its 'printing more money' habit. so it is very difficult to say that the dollar has fall. *the most appropriate sentence for me is 'Bitcoin f*ck the dollar'
Bitcoin was never meant to be a replacement of the current monetary system. It was created as an alternative to banks. It's impossible for Bitcoin to "kill" the Dollar, as banks are too big to fail. Besides, Bitcoin's mainstream adoption is low compared to the Dollar. Many merchants and businesses prefer the latter option because it's stable and backed by the US government. On top of that, the Dollar is still the reserve currency of the world. You can't beat something as big and powerful as the US Dollar.
Nonetheless, we cannot deny that Fiat will become less valuable in the future as governments increase inflation rates. This means a stronger Bitcoin relative to Fiat. "Hodlers" should gain more purchasing power as time goes by. As long as Bitcoin remains decentralized, it'll be able to last for a very long time. Both the US Dollar and Bitcoin will co-exist for many generations. Just my opinion
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??
I don't know if there is a connection between the two, but in stages there is definitely a relationship that you are talking about.
In any case, the price of both Bitcoin and the USD is influenced by speculation, geopolitical factors and economic decisions of corporations. It's just that the two react differently and with a different volume to each thing.
I don't think Bitcoin was created to kill the dollar...
everyone knows that the dollar is dropping due to many factors but the US government is notorious for its 'printing more money' habit. so it is very difficult to say that the dollar has fall. *the most appropriate sentence for me is 'Bitcoin f*ck the dollar'
everyone knows that the dollar is dropping due to many factors but the US government is notorious for its 'printing more money' habit. so it is very difficult to say that the dollar has fall. *the most appropriate sentence for me is 'Bitcoin f*ck the dollar'
I wouldn't say to kill the dollar but as a was of protecting people from fiat currencies like the dollar and the Central Banks system.
It is correlated I'd say. Bitcoin price rises because people see it as valuable but also because governments don't stop printing and the speed of printing has increased with coronavirus crisis and it doesn't seem it's going to slow down in the next years.
I don't think Bitcoin was created to kill the dollar...
everyone knows that the dollar is dropping due to many factors but the US government is notorious for its 'printing more money' habit. so it is very difficult to say that the dollar has fall. *the most appropriate sentence for me is 'Bitcoin f*ck the dollar'
everyone knows that the dollar is dropping due to many factors but the US government is notorious for its 'printing more money' habit. so it is very difficult to say that the dollar has fall. *the most appropriate sentence for me is 'Bitcoin f*ck the dollar'
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??
Ever since the pandemic took the world by storm last year, the US Dollar has been on a downward trend. Yet, it's still standing strong as the reserve currency of the world. The rising price of Bitcoin doesn't necessarily mean that the Dollar is falling. It could be many factors including (but not limited to) increased demand, the hype of the moment, etc. I'd say that we've entered the "hype cycle" once more as people are pouring money into Bitcoin and other cryptocurrencies like crazy. The recent news of PayPal providing crypto services, Tesla's Elon Musk buying Bitcoin, and now Mastercard joining the crypto craze, has led Bitcoin to rise towards astronomical levels in price. That is of course, without including the recent halving which took place on May 2020.
No matter how much a Bitcoin is worth in terms of Fiat, we cannot deny that 1 Bitcoin will always be equal to 1 Bitcoin. If the crypto economy used Bitcoin instead of Fiat (US Dollar) as a unit of account, things would've been much different. You could pay simply 1 Bitcoin for goods and services without measuring its value in terms of Fiat. But that'll never happen considering that everything moves around Fiat these days. Just my thoughts
It is not just because the bitcoin is going higher doesn't means that the dollar especially the US dollar will fall, always remember that fiat currency especially dollars will not be able to fall and if it falls maybe all of the fiat currency may fall down and that is impossible to happens. Bitcoin value is equivalent to dollar then it means the dollar will never fall because if it do so then bitcoin will eventually fall also sooner or later if that's the scenario you are talking about.
Even though we seen that bitcoin rises extensively, dollar will always be a strong currency because that belongs to the economic state. For me it's a worldwide currency that's based on how economy run towards it's progress, and it's fluctuations is only minimal. Furthermore, it's a stable currency if we compared it with bitcoin. Though btc had been doing great, dollar will always be a neutral fiat which can be exchanged with btc in order to spend your digital currency physically.
Contrary to popular belief, bitcoin has no influenece to the USD, it just so happened that USD is the prime currency of the market and so it was used to compare and contrast currencies. Nonetheless the constant comparison does give investors insight as to what is going on with USD, it's falling short compared to bitcoin which quickly rose in value in only a span of a decade.
It does not have any influence on the dollar, because before bitcoin the dollar value also increased and decreased. It's just a coincidence and for me bitcoin is bitcoin and dollar is dollar. they are in their own market and have their own target.
Exactly. Not necessarily a coincidence since they still have some sort of relationship but not in terms of bitcoin affecting the USD value. 
The dollar price fell not because the Bitcoin price rose, but because nowadays many countries are printing money. That's why the dollar value
decreases due to inflation, it has nothing to do with the increase in the price of Bitcoin. Because Bitcoin and the dollar have a different market,
so if now the Bitcoin pump and the dollar fall in value. I think it is a coincidence, we don't need to connect the two of them.
decreases due to inflation, it has nothing to do with the increase in the price of Bitcoin. Because Bitcoin and the dollar have a different market,
so if now the Bitcoin pump and the dollar fall in value. I think it is a coincidence, we don't need to connect the two of them.
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 is inflation in some countries but the rally in bitcoin is not because of the direct result of inflation or government policies but it is true that there is a slow down in economy and so is the reason major investment firms are concentrating in the cryptocurrency market. You can have any ideology that suites you, by your view the entire fiat currency is falling not just dollar "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)
.
1BTC will always be 1BTC it can't go up or down but its value.
I'm sure it's about the dollar falling in value due to the government printing for stimulus. The finance companies are trying to hedge and the adoption just happens to align itself to lift the price of BTC. Maybe consider the pandemic as well because it's the reason why they printed so many bills that devalues it as well.
I'm sure it's about the dollar falling in value due to the government printing for stimulus. The finance companies are trying to hedge and the adoption just happens to align itself to lift the price of BTC. Maybe consider the pandemic as well because it's the reason why they printed so many bills that devalues it as well.
Bitcoin has no direct contact with US doller. Both has Different system. Bitcoin is totally decentralized token and depend upon online market while US doller depend upon Countries Gold.
It is not just because the bitcoin is going higher doesn't means that the dollar especially the US dollar will fall, always remember that fiat currency especially dollars will not be able to fall and if it falls maybe all of the fiat currency may fall down and that is impossible to happens. Bitcoin value is equivalent to dollar then it means the dollar will never fall because if it do so then bitcoin will eventually fall also sooner or later if that's the scenario you are talking about.
Dollar price is stable and there is no devaluation of USD because dollar accepted worldwide, bitcoin will never replace dollar because in every developed country dollar is still used as payment method no country start accepting bitcoin as payment method. Bitcoin has their own place in online market and dollar has their own place.
This statement is true, as we should know that the two currencies are different from each other. Being both users of both currencies, we know where can we use fiat and bitcoin depending on what we are gonna do. Also, let's don't think that one is dominant from other, because it has different function and uses. Let us use this harmoniously and we will benefit from it in one way or another.
Dollar price is stable and there is no devaluation of USD because dollar accepted worldwide, bitcoin will never replace dollar because in every developed country dollar is still used as payment method no country start accepting bitcoin as payment method. Bitcoin has their own place in online market and dollar has their own place.
Time after time, by printing more usd papers the price of dollars falls and goes down because whenever they have any economical issue and can't solve it they will print more money and by printing money the supply will be increased, this is the reason for the dollar to fall. Dollar is falling against gold/bitcoin and any other asset because we are still facing economic crisis. In the other hand, due to huge demand and interest in the market, bitcoin price is rising. Anyone will see how these two are rising and falling and they will definitely be more interested to invest on bitcoin instead of holding dollars.
If they can quickly inject it back into economy out of the hands of the people then they can curtail the devaluation of dollar. Remember that US is an influential country and their fiat is the most used reserved currency by other countries. I can see that there really is a rise in bitcoin and fall in dollar but that doesn't mean that USD will suddenly collapse, I believe that the Treasury will try their best to print more money and at the same time prevent the explosion of inflation and I think that they can do that.
Of course, this is happening right now because we are in the midst of the bull run where the demand of Bitcoin is outstripping the limited supply. Had it been the case with the dollar, then its value will also be rising. However, we also have to understand that there is nothing guaranteed here, nothing can say that the bull run will be staying until when. When the bears can have the chance to dominate, then the price of Bitcoin cal fall. And this is just natural since we are in an open market. Which will have the last laugh remains to be seen...because as always anything human invented has always a darker side into it.
Time after time, by printing more usd papers the price of dollars falls and goes down because whenever they have any economical issue and can't solve it they will print more money and by printing money the supply will be increased, this is the reason for the dollar to fall. Dollar is falling against gold/bitcoin and any other asset because we are still facing economic crisis. In the other hand, due to huge demand and interest in the market, bitcoin price is rising. Anyone will see how these two are rising and falling and they will definitely be more interested to invest on bitcoin instead of holding dollars.
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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)
Inflation has happened a long time ago through the government fiat printing before the pandemic happens and before Satoshi introduce Bitcoin. However, this is the reason why Satoshi introduced Bitcoin as the solution but it sad that the government still continues making the same mistake and claiming printing money will help save the economy from the crisis."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
Why would real estate increase, when a lot of business owner is already in debt while some people barely eat.
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.
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.
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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