alichang (OP)
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January 23, 2017, 11:22:11 AM |
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Dollar is going down again..
Is this positive for bitcoin price?
MOON ?
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Shiroslullaby
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January 23, 2017, 11:33:40 AM |
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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.
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n2004al
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January 23, 2017, 11:39:12 AM |
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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.
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Seansky
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January 23, 2017, 11:53:44 AM |
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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.
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davis196
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January 23, 2017, 12:46:34 PM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) I think that the US dollar has less influence over the bitcoin price,compared with the past few years.
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alyssa85
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January 23, 2017, 02:15:55 PM |
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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. +1 The Fed has spotted inflation and is intent on raising interest rates three times this year. If Trump's budget is expansionary, they'll raise rates even faster. Other countries arn't raising rates, so the dollar will strengthen. It is as simple as parking your money where the interest rates are high but also secure.
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MatDerKater
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January 23, 2017, 02:21:02 PM |
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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.
I suspect Trump's presidency heralds the end of the 'strong dollar' (in comparison to all other currencies). Cheap Money is good for US exports, and good for Trump's personal wealth which is of course property market heavy. Last thing he wants is strong dollar and rising interest rates. Trump is gonna be the president of BIG inflation, and therefore, an economic boom.....at least in terms of asset prices. BIG inflation means that Trumps debt gets wiped out in real terms (i.e. he gets loads loads of property for free) and it also wipes out America's foreign creditors holding long term US debt. Trump is also going to harm Chinese exports, and China are sitting on the precipice as it is. Big big changes are coming. Edit: Current Fed policy is to slowly raise rates and Yellen has two more years b4 Trump can rid of her and put his own man in....likely a roller coaster path ahead.
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manselr
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January 23, 2017, 02:27:37 PM |
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Dollar is going down again..
Is this positive for bitcoin price?
MOON ?
It's clear that the Trump hype is quickly starting to face. Trump is going to be a DISASTER. He is a master conman and has tricked all those people into getting him ellected. And before some Trump supporter calls me a Hillary supporter or something... no, Hillary was trash too. Trump is a great businessman but he is not fit for politics, he is too impulsive, he is going to fuck up badly during the next 4 years and this is good news for bitcoin and gold holders so it's not like im going to complain about it.
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BingoDog
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January 23, 2017, 02:45:41 PM |
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I wouldn't say that dollar is closley connected to bitcoin and that this will influence the bitcoin price. Also I don't beleive that Trump and his policy has something to do with bitcoin and that will affect it in positive or negative way. If bitcoin will pump or dump this will not depend on Trump.
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malaj
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maker88
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January 23, 2017, 02:53:25 PM |
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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.
Whether he will actually tax other countries goods remains to be seen. He is a pathological liar. He already said that he would help working class people but his first act as president was to increase the cost of mortgage insurance, a move that will benefit only insurance Companies and be abother burden to the working class. All his own products are made in other countries, he's not going to tax himself out of profits, ever. He's in this to make himself money and that is all.
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darkangel11
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January 23, 2017, 03:01:04 PM |
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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.
It can if the falling prices actually mean something is wrong with the state of the country. If falling prices are caused by uncertainty then what you're saying is true, but think of an extreme example like war or a banking crisis (think Cyprus). People will run to a safer currencies and bitcoin will be viewed as one.
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n0ne
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January 23, 2017, 03:08:03 PM |
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Dollar falling down doesn't mean that bitcoin is gaining positive energy towards higher growth level. When bitcoin price increases along with the growth of dollar then we can say that bitcoin is gaining potential towards a new level. This happens when bitcoin gets a relative growth against world market than the Chinese economy.
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NUFCrichard
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January 23, 2017, 03:10:19 PM |
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Dollar is going down again..
Is this positive for bitcoin price?
MOON ?
The dollar has been at record highs whilst Bitcoin has been rising. That is the reason given for the Chinese moving their money into bitcoin, so that they don't lose out by the Yuan falling (as well as avoiding capital controls) If the dollar weakens, as it looks like it may, then I can't see that as price positive.
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Raimonn
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January 23, 2017, 03:15:11 PM |
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I don't expect that dollar will go down I think that dollar will be an strong currency on next year, but with Trump all can change with a few tweets. If he don't stop using twitter like now, dollar can have an high volatibility against Rmb. For now, I think that Rmb going down afects more the bitcoin price, than dollar.
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Tanic
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January 23, 2017, 04:13:42 PM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) I think that the US dollar has less influence over the bitcoin price,compared with the past few years. I'm sure that dollar fell exactly cause of anti-Trump protests, but the fall is basically not so much. Dollar just get used to it's price is growing non stop and it's kinda rule the world. Maybe that's the time came to some other currency change Dallas in it's world's position? Bitcoin, for example ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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JariKriting
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January 23, 2017, 05:18:07 PM |
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after trump win in US president election one month later US dollar is strong and incraese value, and bitcoin go the moon too after trump inauguration US dollw is down price value, but bitcoin still incraese not down in follow dollar trend
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Danimore
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January 23, 2017, 05:23:18 PM |
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I believe USD will be stronger in this year because Trump wants the US to be great to overcome china so Bitcoin will be effected on the rising way. No need to worry about this.
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Pab
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January 23, 2017, 05:40:56 PM |
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Trade war between USA and China,bitcoin up,taxing companys what are manufacturing out of USA,for example usa automakers suppliers are not in usa,so price will rise in USA,inflation,so fed will need rise rates,dollar up,on other hand it may cause problems on derivatives market,big.chaos By my opinion dollar price is not importent for btc,last time we had high on dollar and rising btc price More importent are regulatins of btc trading in China.It is positive becouse that way Cinise regulators are accepting bitcoins.If will longer stabilisation on 900$ i think we can see 1800$-2200$ .It will be crazy year for world
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justdimin
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January 23, 2017, 07:56:11 PM |
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Dollar is going down again..
How you will be sure about American dollars are going to down ? The new president will never let his own currency going down. Even there would be some strict formulation for better economy, but surely not long term basis. Dllars may get strong in long term. Is this positive for bitcoin price?
As per fundamental relationship : if dollars goes down, bitcoin will find its up surge.
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bittraffic
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January 23, 2017, 08:07:24 PM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) I think that the US dollar has less influence over the bitcoin price,compared with the past few years. Maybe so. They probably make it like Trump is going to make US economy worse just so he will look stupid to the people. He kinda look he is though ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Too early to say he'd not make it. The guy is old enough in the business so he must have mastered economics already.
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