My extremely amateur short term forecast for BTC is UP.
This is based slightly on the topic at hand, but also on the 8/18 EMAs crossing on the 12-hour chart (whatever THAT means)
Topic: USD inflation affect on BTC? - page 5. (Read 6869 times)
lol
i think for ever point the USD goes down bitcoin gains 2 points
it should be noted that the USD is still holding up pretty damn good despite QE3
i think for ever point the USD goes down bitcoin gains 2 points
it should be noted that the USD is still holding up pretty damn good despite QE3
Indeed. DXY is above 80 and climbing. Dollar supply may be inflating, but nominal value (measured in other currencies) is gaining because everyone else is inflating their money supply too.
exactly. the fiat currencies of the west are fighting each other on a sinking ship.
Holding everything else equal, inflation in traditional currencies should directly increase the value of BTC. A secondary effect of increased BTC demand will also lead to a more favorable exchange rate from BTC to traditional currencies. That is, if more people who perceive that bitcoins retain value better want in on the action, then they will compete with each other to get BTC, which drives up the exchange premium.
lol
i think for ever point the USD goes down bitcoin gains 2 points
it should be noted that the USD is still holding up pretty damn good despite QE3
i think for ever point the USD goes down bitcoin gains 2 points
it should be noted that the USD is still holding up pretty damn good despite QE3
Indeed. DXY is above 80 and climbing. Dollar supply may be inflating, but nominal value (measured in other currencies) is gaining because everyone else is inflating their money supply too.
DXY is based on other fiat. Horrible indicator as far as strength of a medium of exchange when all central banks are printing to infinity.
I agree, but it does indicate relative strength of various fiat currencies, which was the topic we were discussing. As always, thanks for your contribution smoothie
. 
lol
i think for ever point the USD goes down bitcoin gains 2 points
it should be noted that the USD is still holding up pretty damn good despite QE3
i think for ever point the USD goes down bitcoin gains 2 points
it should be noted that the USD is still holding up pretty damn good despite QE3
Indeed. DXY is above 80 and climbing. Dollar supply may be inflating, but nominal value (measured in other currencies) is gaining because everyone else is inflating their money supply too.
DXY is based on other fiat. Horrible indicator as far as strength of a medium of exchange when all central banks are printing to infinity.
lol
i think for ever point the USD goes down bitcoin gains 2 points
it should be noted that the USD is still holding up pretty damn good despite QE3
i think for ever point the USD goes down bitcoin gains 2 points
it should be noted that the USD is still holding up pretty damn good despite QE3
Indeed. DXY is above 80 and climbing. Dollar supply may be inflating, but nominal value (measured in other currencies) is gaining because everyone else is inflating their money supply too.
that's why!
i just look at CAD/USD....
and it looked like the USD was recovering, but your saying CAD is being inflated as well
thanks.
lol
i think for ever point the USD goes down bitcoin gains 2 points
it should be noted that the USD is still holding up pretty damn good despite QE3
i think for ever point the USD goes down bitcoin gains 2 points
it should be noted that the USD is still holding up pretty damn good despite QE3
Indeed. DXY is above 80 and climbing. Dollar supply may be inflating, but nominal value (measured in other currencies) is gaining because everyone else is inflating their money supply too.
lol
i think for ever point the USD goes down bitcoin gains 2 points
it should be noted that the USD is still holding up pretty damn good despite QE3
i think for ever point the USD goes down bitcoin gains 2 points
it should be noted that the USD is still holding up pretty damn good despite QE3
So if the US economy has to print more $$$ to deal with this fiscal cliff I've been reading about in the news will the inflation of the USD cause an increase in BTC price? Or are BTCs relatively pegged to USD?
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