The dollar affects Bitcoin? - page 9.

vachellie

member

Activity: 140

Merit: 10

Quote from: Cepat Kaya on July 24, 2018, 06:42:20 PM

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?

It's just coincidence, the two currencies are not connected at all. Like we all know bitcoin prices is fluctuation not like dollar or other fiat currency who have more stable than bitcoin.

BTC_BTC

newbie

Activity: 158

Merit: 0

no, dollars and bitcoin are not bound at all.
both are in place and have their respective uses, the dollar does not affect bitcoin and vice versa.

gunhell16

hero member

Activity: 1666

Merit: 453

the price of bitcoin is equal to some USD,
the rise of bitcoin is due to the demand of the people in the community.
it is not depending on the dollar pump.

yusupjatigumilar

full member

Activity: 644

Merit: 100

strengthening dollar prices certainly makes the price of bitcoin corrected because the owner of the (American) dollar has a very strong influence in the movement of bitcoin prices, and the country has a lot of news that bitcoin is not well received by the government there

Kertmu

newbie

Activity: 182

Merit: 0

Now the dollar is not growing, the USD index is in the range of 95, so we can say now stability, everything will depend on the decision in relation to China's sanctions and relations with the EU.

hualy2

newbie

Activity: 92

Merit: 0

Yes, the dollar will not only affect Bitcoin, but also the currencies of all countries. But it will all end. In the next 10 years, the dollar economy will collapse and the world needs a more balanced economic development.

strideynet

sr. member

Activity: 412

Merit: 250

the volume of cryptocurrencies is still so small to influence the growth of the dollar. I think it's just a coincidence.

Rumayanhi

newbie

Activity: 238

Merit: 0

This is just a coincidence in my opinion, and you also have to know that bitcoin is trading against the dollar, therefore in reality when bitcoin increases, bitcoin must fall. But a lot of positive news hit the dollar market and the bitcoin market and that is why it seems to move in the same way.

newbie-hero

full member

Activity: 518

Merit: 100

Quote from: cahbagus555 on August 12, 2018, 04:21:02 AM

Quote from: Cepat Kaya on July 24, 2018, 06:42:20 PM

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?

Beside dollar rising, bitcoin have negative news and thats make bitcoin value looks weak on dollar. But I am optimistic on bitcoin price when ETF approved on september, it will bring big investor to crypto market

Yes, I suppose it can affect the price of Bitcoin. Now Trump said that dollar has become stronger, and as I see, the crypto market started to recover. I know that the crypto will never replace USD but they are connected.

Wall_Streeet

jr. member

Activity: 252

Merit: 1

the dollar can affect bitcoin, and bitcoin will not be able to the dollar, because there is still no such volume to shift the dollar at least by

cdoyle14

member

Activity: 154

Merit: 10

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: Cepat Kaya on July 24, 2018, 06:42:20 PM

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?

It is certainly good that Dollar is growing but I'm thinking that it would never have an ability to grow as large as bitcoin though sometimes for example $1,500 in one night, few days ago as it was.

hawkins

hero member

Activity: 1204

Merit: 500

Quote from: tazmannia on August 17, 2018, 12:27:14 PM

Quote from: Cepat Kaya on July 24, 2018, 06:42:20 PM

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?

It's a coincidence, I don't think there's a connection between the dollar and bitcoin. You would have said that the sanctions have any influence on bitcoin. No, I Think it's a coincidence of parallel growth.

you are right. maybe it depends on the condition. but it could be related, because when many people invest in bitcoin using dollars, of course it will make the price of bitcoin rise to greater. but, it returned to its condition.

tazmannia

full member

Activity: 308

Merit: 102

Quote from: Cepat Kaya on July 24, 2018, 06:42:20 PM

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?

It's a coincidence, I don't think there's a connection between the dollar and bitcoin. You would have said that the sanctions have any influence on bitcoin. No, I Think it's a coincidence of parallel growth.

Antonina

jr. member

Activity: 280

Merit: 1

I think that the whole economy in this world is interconnected, and the growth of the dollar directly depends on bitcoin

Popov_popov

newbie

Activity: 96

Merit: 0

To some extent, the dollar affects the price of bitcoin.

Haoque89

newbie

Activity: 112

Merit: 0

Inflation is measured by the consumer price index (CPI), which measures the cost of a basket of consumer goods, such as food and gas. If inflation is measured, the price of bitcoin will rise because of the price. The $ 8,000 dollar will buy a bitcoin, but if it does, $ 8500 will buy a bitcoin.

kiatitami

newbie

Activity: 126

Merit: 0

We convert from dollars to altcoin and vice versa. These two currencies are tight-fitting, but the purpose is only to dollar, so altcoin is only auxiliary currency and not as valuable as dollars.

PrinceFury

newbie

Activity: 40

Merit: 0

When all is said in done a rising tide raises all boats, anyway its in every case genuine. At this moment numerous financial specialists are clutching blockchains and not putting resources into ICOs as the fundamental blockchain rates are rising, they expect more noteworthy development from the blockchain than ICOs. At the point when the huge young men drop, there is all the more spending towards ICOs and alt-coins as financial specialists would prefer not to lose esteem.

crocus

jr. member

Activity: 158

Merit: 2

I don't think that dollars affects bitcoin price cause bitcoin is volatile and the reason why bitcoin price had a quick changes of price is it because of supply and demand on the market and increasing of dollars has nothing to do with.

katrimans

hero member

Activity: 882

Merit: 500

Quote from: Neved1975 on August 15, 2018, 04:11:50 AM

I nevertheless suppose that is just a twist of fate.BTC and dollar are absolutely specific asset，greenback is a forex recognized by way of governments round the arena，on the opposite，few of countries are verify for BTC，even Bitcoin is unlawful in some international locations.

I think that the value of Bitcoin is not determined by the value of the dollar in the international market alone but also by the demand for the coin. If the demand for Bitcoin is high, the price of Bitcoin will also be high except some exceptional cases. Now if the price of dollar falls, there will also be a fall in the value of Bitcoin in terms of dollar but the as soon as the fall in the value of dollar is recovered, the value of Bitcoin will also recover. This is a general market trend.

Topic: The dollar affects Bitcoin? - page 9. (Read 1976 times)