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Topic: TRUMP - DOLLAR - page 3. (Read 2368 times)

hero member
Activity: 3164
Merit: 937
January 23, 2017, 07:46:34 AM
#5
Dollar is going down again..

Is this positive for bitcoin price?

MOON ?

Maybe this has something to do with all the Anti-Trump protests in the USA. Grin
I think that the US dollar has less influence over the bitcoin price,compared with the past few years.
hero member
Activity: 560
Merit: 500
January 23, 2017, 06:53:44 AM
#4
Dollar's price falling down in my opinion cannot cause bitcoin's price to rise high, but it will surely cause some pumps in it since the dollars price will fall therefore there's a possibility that the conversion of bitcoin to dollars will go up a little bit since the change in dollars price also is a little bit less than what it's value in the past weeks. Let's just wait and see what effects it might bring to bitcoin's price but all it will bring IMO is good.
legendary
Activity: 1134
Merit: 1000
January 23, 2017, 06:39:12 AM
#3
Dollar is going down again..

Is this positive for bitcoin price?

MOON ?

I think is a temporary movement. The plans of FED for this year about dollar are its increase of value and its equalization with euro. Then I think that the value of bitcoin is independent from the value of the fiat money. Have to do mainly with the spread of it or the desire of its community to have more. Maybe is affected a little but not to make possible the "moon" for bitcoin.
sr. member
Activity: 434
Merit: 250
January 23, 2017, 06:33:40 AM
#2
I think the main thing to watch will be US dollar in relation to Chinese Yuan Renminbi, and any trade policies announce by Donald Trump in relation to China and Mexico.
US stock markets closed up on Friday and have been doing well the last few months, but there are probably some BIG changes coming in policy.
Energy and manufacturing companies are expecting relaxed environmental regulations under the new administration, and Trump has promised to tax companies who make products outside the US.

Not sure what all this means for the price of the dollar because I'm no financial expert, but things are definitely going to change.
Hopefully the new staff can continue the slight recovery the economy has made over the last nine years from the 2008 financial crash.

How much the US economy and the price of the dollar influences the price of Bitcoin is definitely an interesting discussion.
full member
Activity: 122
Merit: 100
January 23, 2017, 06:22:11 AM
#1
Dollar is going down again..

Is this positive for bitcoin price?

MOON ?
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