Topic: The dollar affects Bitcoin? - page 16. (Read 1963 times)
Dollar and bitcoin has different variation of price movement. Dollar is more stable price volatility compare to bitcoin. Suppose dollar rise the value there is a also possiblity that bitcoin will fall. In my own opinion i think this is only a coincidence.
ICO that are accepting Fiat only consider and prefer dollar than any other currency so I think there are factors that may effect in crypto if dollar price is decreasing
When the dollars rise the price of bitcoin will definitely be affected positively and that is what we are witnessing right now, the recent rise in the price of bitcoin is as a result of the rise in the price of dollars and at the same time the increase in the demands of commodities in the exchange market.
I think it's a coincidence that the bitcoin increase is usually influenced by how much demand and supply of bitcoin. Probably what is meant here is if bitcoin is converted into dollar value higher because currently dollar price is rising. As far as I know the dollar price has a big effect on the world's currency, not bitcoin. Perhaps a rise in the dollar could have an effect on bitcoin, but the scale is very small.
They are separate entity so i guess not. Besides dollar doesnt drop that much when the value of the bitcoin become doomed. Bitcoin doesnt have any local currencies as basis because it is considered as international currency and people all over the world can use it.
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?
Coincidence. There's no direct measurable impact, especially considering how quickly the price of Bitcoin moves and how slowly the price of the dollar moves. Two weeks ago they were moving in opposite directions, and in two weeks from now they may be again. There's no rhyme or reason or coordination, merely coincidences that aren't attributable to anything. Any actual impact is going to be completely drown out by the magnitude of the BTC price swings and wouldn't be measurable except perhaps on a timescale of decades.
Yes it does affect the price of bitcoin since they are in the same bracket.
But when you get deeper this is what shouldve happened.
USD value increase. Bitcoin exchange with USD should have went down.
Why are we seeing an increase of price in bitcoin?
They affect each other but still having their own market that makes them more valuable in this economy.
But when you get deeper this is what shouldve happened.
USD value increase. Bitcoin exchange with USD should have went down.
Why are we seeing an increase of price in bitcoin?
They affect each other but still having their own market that makes them more valuable in this economy.
OK how? Please explain to me how the value of USD that you're exchanging your coins for can influence the value of BTC.
They both are reacting to world news and they both depend on world economies, but they don't depend on one another. IF USD would suddenly crash, BTC would crash too because it would create a shockwave throughout the world markets. For some people it looks easy: BTC wants to become the new world currency, so if world currencies die, BTC will go up, but it's not that simple. There were even some articles about this corelations like: https://cointelegraph.com/news/heres-how-world-fiat-money-affects-bitcoin-price
Conclusion
So far there is no indication that fiat money influence Bitcoin price after all. Bitcoin has been developing on its own, disregarding international news and major currencies movement.
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 don't think it has any effect. Dollar and Bitcoin are two different assets in two different world, so how can this two be synchronized in relation to their usage? The dollar price is rising slow, yet Bitcoin price rise twice or even many times faster than of the dollar that's why I have concluded that dollar does not affect Bitcoin at all.
Yes it does affect the price of bitcoin since they are in the same bracket.
But when you get deeper this is what shouldve happened.
USD value increase. Bitcoin exchange with USD should have went down.
Why are we seeing an increase of price in bitcoin?
They affect each other but still having their own market that makes them more valuable in this economy.
But when you get deeper this is what shouldve happened.
USD value increase. Bitcoin exchange with USD should have went down.
Why are we seeing an increase of price in bitcoin?
They affect each other but still having their own market that makes them more valuable in this economy.
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 don't believe they are influencing one another in any way. It'a a coincidence that they are both rising at the same time. Fiat currencies are more stable and their waves take much more time to unfold. At the same time BTC can go full circle in just 1 year, meaning that it can moon, crash, go into depression and recover in less than a year! A typical fiat currency will usually need at least 3 years to do the same, but usually it takes 5-10 years.
No the dollar price increase has nothing to do with bitcoin's price rise.Bitcoin's price gets affected by many factors like market FUD,decrease in demand but not in relation to dollar.
The dollar is now starting to rise in price and can be an idol for sellers and cannot be matched by the Cripto currency which has now begun to decline.
usd is a strong currency that affects all countries in the world. Bitcoin as well as other currencies so it will greatly depend on the value of usd in the world.
Although I'm not sure about the news I've read the dollar price is determined by the BTC price movement, I'm sorry for not putting some clear references. But if you see the relationship between Dollar and BTC it is very close, because all this time the price of bitcoin is always juxtaposed with the dollar, you can correct it if I'm wrong.
But if we rely on the logic of dollar and BTC relationships very far, the dollar with a centralized system and BTC with decentralization system, because two systems are very contradictory. Bitcoin prices are always changed by supply and demand while the dollar is changed by the state of a country's economy.
But if we rely on the logic of dollar and BTC relationships very far, the dollar with a centralized system and BTC with decentralization system, because two systems are very contradictory. Bitcoin prices are always changed by supply and demand while the dollar is changed by the state of a country's economy.
To some extent, I think the dollar influences the price of bitcoin, but this is not the main reason. I do not think that if the dollar collapses, then it is bitcoin.
Bitcoin is capable of volatility in the form of 10x changes in price versus the U.S. dollar, in a relatively short period of time
One reason why Bitcoin may fluctuate against fiat currencies is the perceived store of value versus the fiat currency. Bitcoin has properties that make it similar to gold.
Bitcoin volatility is also to an extent driven by holders of large proportions of the total outstanding float of the currency.
One reason why Bitcoin may fluctuate against fiat currencies is the perceived store of value versus the fiat currency. Bitcoin has properties that make it similar to gold.
Bitcoin volatility is also to an extent driven by holders of large proportions of the total outstanding float of the currency.
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 that if you constantly observe and follow you can see that the exchange rate between bitcoin and the dollar is always the opposite, the dollar is rising, the bitcoin price down to bitcoin, the dollar fell. The market is volatile and unpredictable, so I believe that at this point you should only invest in bitcoin and the crypto market, we are prepared to face the economic crisis. and can not know what can happen. 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?
No, it's just a coincidence and nothing else. The dollar is growing against the Chinese national currency, the Russian ruble and other currencies. And it has nothing to do with bitcoin, it is a coincidence.
Cryptocurrency and Fiat are two totally different entities and the value of one doesn't affect the other. If the dollar is rising and cryptocurrency is rising it is just a merry coincidence nothing more. BTC is moving up due to news and trades peculiar to the cryptocurrency world and dollar is moving up due to news peculiar to the USA and her stock exchange. They have nothing in common.
In the modern financial system - the dollar is the standard, the world currency number 1. And everything is expressed in it (the equivalent). And the cost of bitcoin is also estimated in the amount of dollars per unit cue ball. Direct such dependence of the bitcoin price / dollar price is not. But it all depends on the decisions of the FED, the world economy, its state, the trade war and other force majeure situations.
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