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Title: Look out Bitcoin the dollar is surging in value! Post by: Sir Alpha_goy on November 16, 2016, 03:11:02 PM This may or may not be good for Bitcoin.
With the attempts to become the new financial arm of the world there may be a problem on the doorstep. The United States Dollar is surging in value. http://www.zerohedge.com/news/2016-11-16/us-dollar-index-spikes-13-year-highs Quote With offshore yuan collapsing near 6.90 - record lows - the USD Index has surged this morning, breaking above Dec 2015's 100.51 level to trade at its highest since April 2003... USD Index is up 8 days straight - the biggest surge since May 2015 http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/16/20161116_USD.jpg More worrisome is what does a weak Yuan look like for Bitcoin? If the Yuan is worth less the buying power for the Chinese to get into BItcoin might be effected. Title: Re: Look out Bitcoin the dollar is surging in value! Post by: jamyr on November 16, 2016, 03:22:05 PM Quote If the Yuan is worth less the buying power for the Chinese to get into BItcoin might be effected. Hello sir, thank you for the info. This last part though, I am confused whether you mean new investors or old investors or all of them. Thank you again. Title: Re: Look out Bitcoin the dollar is surging in value! Post by: BitcoinBarrel on November 16, 2016, 05:02:15 PM Will probably continue to rise with Trump's presidency.
Title: Re: Look out Bitcoin the dollar is surging in value! Post by: BAGOBO on November 16, 2016, 05:14:13 PM Will probably continue to rise with Trump's presidency. I can say Trump effect that cause bitcoin got stronger against dollar. As my dollar also get stronger against my local currency which may lead into disadvantage for my online shop earnings Title: Re: Look out Bitcoin the dollar is surging in value! Post by: TheGodFather on November 17, 2016, 04:43:12 AM thanks for the info mate. after Trump gets elected as president the bitcoin currecy got higher and got a lot stronger counter usd. im still looking forward to this and hoping 1bitcoin can get 1k usd per bitcoin. and before that happens im pretty sure that i will hit 1bitcoin again . i will stop gambling and make trade more and invest in gambling sites bankroll to get more profit and more stable.
Title: Re: Look out Bitcoin the dollar is surging in value! Post by: bitcoinisbest on November 17, 2016, 05:38:16 AM To be honest if it is thought that bitcoin will grow as big as dollar or may replace it in coming time it will never happen. 2 basic reason dollar existence and bitcoin existence ages difference between both and dollar accepted worldwide and bitcoin is banned in few countries and not accepted worldwide.
Title: Re: Look out Bitcoin the dollar is surging in value! Post by: Gahs on November 17, 2016, 05:47:39 AM Have you seen the bitcoin charts? The price has risen to $748 on bittrex!
Seems to me that btc and USD are rising at the same time. Title: Re: Look out Bitcoin the dollar is surging in value! Post by: amacar2 on November 17, 2016, 05:07:50 PM Yes interesting times. A lot of confusion in all the markets. A lot of head fakes everywhere. Is the USD about to top? Will it continue to rise forcing China to devalue the yuan again and again? What goes up need to come down and i think Chinese yuan devaluation will actually make bitcoin price stronger along with USD. Chinese seems buying bitcoin every day/week in last few months to be in safer side when their yuan is getting heavy devaluation. Title: Re: Look out Bitcoin the dollar is surging in value! Post by: Positid on November 19, 2016, 01:13:06 PM Yes interesting times. A lot of confusion in all the markets. A lot of head fakes everywhere. Is the USD about to top? Will it continue to rise forcing China to devalue the yuan again and again? What goes up need to come down and i think Chinese yuan devaluation will actually make bitcoin price stronger along with USD. Chinese seems buying bitcoin every day/week in last few months to be in safer side when their yuan is getting heavy devaluation. It makes sense, if I was in China I would surely try to buy bitcoins for protection against devaluations. The money flow in the us market lately could be for the same reasons. Title: Re: Look out Bitcoin the dollar is surging in value! Post by: dollarneed on November 19, 2016, 01:27:54 PM Yes interesting times. A lot of confusion in all the markets. A lot of head fakes everywhere. Is the USD about to top? Will it continue to rise forcing China to devalue the yuan again and again? What goes up need to come down and i think Chinese yuan devaluation will actually make bitcoin price stronger along with USD. Chinese seems buying bitcoin every day/week in last few months to be in safer side when their yuan is getting heavy devaluation. It makes sense, if I was in China I would surely try to buy bitcoins for protection against devaluations. The money flow in the us market lately could be for the same reasons. |
