Does dollar value affect bitcoin value?

[lol1yatme]

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

it is not the value of the dollar or other fiat currency to influence the value of the bitcoin, as it is only its countervalue.
There are external factors (for example: economy, politics, natural events, wars) that can influence both the value of fiat coins and the value of bitcoin or other cryptocurrencies, now or in the future.

The value of dollar has nothing to do with that of bitcoin. Bitcoin and dollar are entirely different currencies and they are not at all dependent on one another in any way. Dollar is just used as the currency which tells us the market value of bitcoin as compared to that of real world currencies and that’s all. Other than this, there is no such sort of involvement of dollar in effecting the value of bitcoin.

[burnwrench]

There’s no direct relationship when it comes to the US dollar and the bitcoin price. Btc prices rise because of the activity in the community.

[tonlong]

There’s no direct relationship when it comes to the US dollar and the bitcoin price. Btc prices rise because of the activity in the community.

I think the dollar has some affects bitcoin value. Dollar is a widely used and trusted currency, it commonly used as a general gauge of all currency include bitcoin.

[BILGPS]

I think the bitcoin value will not affect the dollar and vice versa the dollar is also international currency but the bitcoin is also circulating world wide the importance of both of them are high in the world. Every one is looking to invest in the market valuable currency. So some of the people invested in the dollars and many are now invested in bitcoin  for making high profit.

[illnino]

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

No it wont affect the value of bitcoin but it will affect on how much you can withdraw when exchanging bitcoin to dollar, bitcoins value is determined by its users worldwide trading market and dollar has its own trading market so both has different structures that affects its own price.

Personally, I did not notice such a connection. I trade in many currency pairs, but Bitcoin lives his life. I often saw when the price of the dollar is growing, at that time Bitcoin is also growing.

[Ararbermas]

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

no mate cause as i know bitcoin and dollar are not the same currency which is that two currency has a different source of demands so its impossible that both currency will decrease at the same time because of one issue .

[chocolah29]

There’s no direct relationship when it comes to the US dollar and the bitcoin price. Btc prices rise because of the activity in the community.

It's true and bitcoin doesn't affect dollars. Even bitcoin soared high last month its value didn't hurt even a little in dollar or in forex or in any other way. Dollar as a widely use currency and bitcoin as a digital currency so there's no adverse effect to each other.