Topic: The dollar affects Bitcoin? - page 11. (Read 1976 times)
The dollar is the world's strongest currency and becomes global money, everyone can accept the dollar, when the dollar price rises it automatically makes inflation and everyone gets excited to buy dollars, this is what makes bitcoin drop because the user switches to the dollar.
In my opinion, I dont think that the price of dollar could affect the value of bitcoin. Since bitcoin as time goes by has increases it value to the market.
in my opinion that won't happen because the dollar will never be directly connected with bitcoin and the dollar also has a difference from bitcoin so bitcoin will still be different.
The dollar is the most popular currency in the world. The price of dollar affects all economies of the world, once dollars are devalued. All things economy falls and vice versa. And crypto will certainly be affected too.
as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?
The dollar affects all the economic rights of the world because this is the main currency that has been use by the whole world and this is the sad partWe cant do anything from this.thats why i believe that cryptocurrency is the best way to save the world from this situation.i am looking forward the day that crypto specially bitcoin are being used as major currency used worldwide
as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?
I think its just coincidence. Mostly when dollar drop the value, bitcoin price will rising againts dollar but in this case, dollar rising and bitcoin rising at same time. But mostly bitcoin price always affected by news in market. When negatives news on market spread wider, peoples will panic and price fall and when positive news coming to market, most bitcoin and altcoin price increasing
Probably a coincidence. bitcoin and USD are not related. The increase and decrease of bitcoin is due to the demand between supply and demand in the crypto market. The dollar or the currency of nations is governed by the economy of that country at some point in time
Yes you are right about that but if you buy bitcoin using dollar currency , if the dollar increasing also you increase your profit too. I think usd slightly related to bitcoin because thats my know about the bitcoin pricing , demand and supply is a big effect in bitcoin pricing and i agree with you that .
Probably a coincidence. bitcoin and USD are not related. The increase and decrease of bitcoin is due to the demand between supply and demand in the crypto market. The dollar or the currency of nations is governed by the economy of that country at some point in time
Growth bitcoin is not related to the growth of the dollar. It's just a coincidence.
Agree. I don't think USD will affect Bitcoin price. AFAIK, the influence of Bitcoin prices is determined by supply and demand, instead of USD. I think we all know that. 
I think its occurrence, bitcoin and dollar as a rule don't related by any stretch of the imagination, the dollar is completely controlled so it can't take after the bitcoin development, and the market for both of the monetary standards is extraordinary, and beforehand when bitcoin tumble down profound I don't see dollar additionally tumbling down, so I consider both them are not related.
I don't think the dollar could affect crypto currency and even if it did, it would affect very less. I mean crypto currency is different from fiat currency in the way it operates. I now that when Fiat falls we can always go to crypto currency, much like what happened to Venezuela, although i don't know if it was a successful.
I would say that this lobby of the dollar influences bitcoin. Very many are not interested in the development of crypto because it will have a negative effect on traditional currencies, which means that their assets will be reduced.
For the countries where dollar is main currency and the whole economic system is whirling around this one pillar, there is a deep connection of dollar and everything related to it. But like Ireland and other countries where dollar is just another currency, I don’t think so there would be big effect form this change. The drastic drop down or increase is independent to bitcoin. Growth bitcoin is not related to the growth of the dollar. It's just a coincidence.
That is the point. If it is the case, then how bitcoin has flourished in different countries. Like now in Zimbabwe, dollars is equal to some billions of local currency. Here, how can you say bitcoin is going down and its bear run? This really needs to be understood that bitcoin is independent of any currency. Only this situation makes the difference and keep bitcoin amazing.
If you think about it, then there is little influence, since bitcoin is still traded in dollars, an increase in the latter will increase the growth rate.
yes it is influential because of its value as a popular fiat currency and its rise also affects bitcoin.
as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?
I think US dollar prices have situational significant effects on Bitcoins. When it reached $20k that was
a massive deal for bitcoins. A combine increase in dollar and bitcoin prices will surely make the market
engaging and a lot of people elated from prices alone.
f the dollar is going to be inflated, the bitcoin price will go up because the value of the dollar has fallen, so buying a bit of it needs more dollars, dollars Strong move to bitcoin
The price of Bitcoin isn't the exact same as its value. Conversely, towards the end of the year, it has historically rallied. Recently, it surpassed US$1,000 for the first time since the first few days of January. Therefore, if you would like to set the price of Bitcoin in the future you merely spend the price today and say that's the price later on.
Still it can affect the bitcoin, it can be said that a devaluation of the dollar, or a recession could be a good catalyst for cryptocurrencies in general. So in terms of bitcoins valued against dollar, the value of bitcoin will also decrease. I feel if such a scenario arises then there would a huge bitcoin sell-off due to negetive market sentiments.
For me i think it really affects the market because most of the time we are using dollar to buy bitcoins and also during exchanges of coins into cash so its really big advantages for bitcoin if the dollar will rise.
as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?
That is funny. I dont think there is any sort of effect over the bitcoin from USD side. The crypto currencies are in different sphere and dollar is at different. The dollar can affect the other national currencies but not the bitcoin I believe. Other currencies are paired with the USD market directly while bitcoin is indirectly. Dollar value rise as such wont affect it, what might affect is its influx in the bitcoin market. This applies to other national currencies as well. Its surely just a coincidence and can be proven with the fact that only BTC is rising and not all the altcoins.
Hello duds, please try to redirect your question? Bitcoin is Decentralized digital crypto currency transaction, with its own security features, advance technology (Blockchain). There is no direct correlation on the amount or price value of US $ to Bitcoin. US stock market deals with solid investment, transact on solid product like gold,silver etc.etc. while Bitcoin investment is on Digital currency into the crypto market.
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