are USD price decrease for another currency have impact to the price of BTC?

[wantbiitcoin007]

i have observed for a few days about price of bitcoin. that look like a couple both BTC and USD. for example i have observe for USD JPY, EUR USD, GBP USD, at this case USD doesn't have power to rise up in 3 days start from 01/11 until now 01/15. this situation same like price of BTC, we have look the price of BTC so fluctuated to. So i have qwestion are BTC have good price when tomorrow USD rise up against another currency?

[mOgliE]

Hi,

I think that what you observed... was just true for the moment you made your observations. USD and BTC are not linked. Of course, some fluctuations can be smilar because a large part of the bitcoin community uses dollars and trade it for bitcoin.

Still, the influence is, I think, too small to explain why curbs have been similar. But I agree with you, trying to find some explaining factors is interesting in order to better predict bitcoin rises and falls. However, don't make it too simple. One factor cannot totally explain the complete mess which is the evoluton of bitcoin rates!

[Hell-raiser]

i have observed for a few days about price of bitcoin. that look like a couple both BTC and USD. for example i have observe for USD JPY, EUR USD, GBP USD, at this case USD doesn't have power to rise up in 3 days start from 01/11 until now 01/15. this situation same like price of BTC, we have look the price of BTC so fluctuated to. So i have qwestion are BTC have good price when tomorrow USD rise up against another currency?

The effect should be negligible if any. Bitcoin's volatility is many orders of magnitude greater than the volatility of the dollar. If you want to keep an eye on the dollar volatility specifically and exclude the influence of the volatility of other currencies, you should follow the USDX index. If you do this, you will see that USDX doesn't change a lot over short periods and is simply incomparable to the price fluctuations that Bitcoin enjoys.

Long story short, it would require really dramatic changes in the value of the dollar to impact Bitcoin prices.