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Author Topic: Does dollar value affect bitcoin value?  (Read 771 times)
pazzpjj001
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December 06, 2017, 12:16:38 PM
 #1

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
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December 06, 2017, 12:19:08 PM
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In my opinion there is no relationship (yet) between BTC and USD, USD is a fiat currency.

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December 06, 2017, 12:20:42 PM
 #3

In my opinion there is no relationship (yet) between BTC and USD, USD is a fiat currency.

Oh okay. Thankyou.
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December 06, 2017, 12:56:30 PM
 #4

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

Dollar value don't affect the price of bitcoin because the bitcoin valus=e is just based on satoshi,if the price of satoshi falls then bitcoin price also fall,but if the satoshi price levels the price of USD then price of one bitcoin will be $100M,but it needs very long to reach that value maybe one century. Grin

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December 06, 2017, 01:00:46 PM
 #5

While cashing out surely certain amount gets reduced when the dollar value is low. The same when the dollar value is high, user gets an increased amount on each bitcoin selling. In this regard I believe dollar value affect the value of bitcoin to some extent, and the same goes unaffected when direct usage of bitcoin increases.

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December 06, 2017, 01:08:58 PM
 #6

every currency has it's respective price, always remember that not all bitcoiners convert their Bitcoin into FIAT, FIAT is not only dollar we have many FIAT CURRENCIES. Even thou how many times dollar or any currency grows it's price of conversion it will not affect Bitcoin.

Bitcoin-virtual coin,
FIAT-Real world money.

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December 06, 2017, 02:37:43 PM
 #7

i think there are not connected and doesnt have related, because USD is the paper money andd BTC is a bitcoin value, but it will be affected if the USD getting crisis and all people that using bitcoin exchange their USD into bitcoi, the demand of bitcoin increasing that makes the bitcoin price is increasing too

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December 06, 2017, 03:32:25 PM
 #8

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
Fiat's has its respective trend and it will not affect bitcoin if the $ goes down. We're just seeing or converting them in the different Fiat currencies and its simply because which region you belongs to. Everything based on the supply and demand that decides the spikes and Dips.
I guess this question raised from you because , Most of us are discussing or calling out the bitcoin's growth in dollars.

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December 06, 2017, 04:37:07 PM
 #9

Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
It won't. Bitcoin price affect because economy principle. Supply & Demand.
With high demand increasing, price going to high.
This December, upcoming issues Bitcoin will have at least twice fork, which means fork will creates new altcoins.
Many people now hunting Btc by buying, mining, etc for holding it belong fork. So can get free coins distribution.

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December 06, 2017, 04:51:10 PM
 #10

I think its impossible digital currency to fiat currency no connection from each other. Its only an exchange for a real money to handle. Dollars use only to calculate the value of bitcoin, if the dollars get low still no issue of lowering the price of bitcoin and why would it low?

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December 06, 2017, 06:14:57 PM
 #11

Although bitcoin is a virtual currency, its market varies thanks to the purchase and sale through the fiat currency, through of Bitcoin's routine sales that put downward pressure on the exchange price of Bitcoin, as for example:

Merchants that accept Bitcoin: they convert all the bitcoins that they receive directly to money fíat, to avoid the volatile changes intraday of Bitcoin prices.

The reimbursements of miners to pay bills and expenses with money fiat

Partial or total salary conversion in bitcoin to fíat
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December 06, 2017, 06:19:50 PM
 #12

Guys, wait a second, if you are watching the price of Bitcoin.like 12000$ so the value of dollar afects Bitcoin! If you watch in Euros the price of euros afects the price of bitcoin! Everytime you try to put a "value" on bitcoin you will afect them by the currency! If USD drops, the price of bitcoin can change in USD but not in EUR...
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December 06, 2017, 06:42:21 PM
 #13

Seems most people here think like I do, that dollar value doesn't have an impact on Bitcoin value. I have asked myself this a few times, and it seems to be true, in a sense, because Bitcoin value against other pairs of currency are actually just the same if you equate it against USD. I do wonder if USD becomes extremely volatile or loses a great amount of value, how would or who would make the decision to change the pair it is valued against?

For example, in Zimbabwe, it is against dollar value because the local currency deactivated. Who actually determines that?

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December 06, 2017, 07:02:44 PM
 #14

A drop is dollar's value should not affect Bitcoin's price because dollar is not the only currency which Bitcoin is used against or nor Bitcoin is based on dollar. If the value of dollar falls, a Bitcoin would simply be worth more dollars than it was before. For example, if Bitcoin price is $10k, and dollar drops 50% of its value, then a Bitcoin would be worth $15k. And when you cash out your Bitcoins in a different currency, they would be worth same, because Bitcoin price is still the same.
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December 06, 2017, 07:11:19 PM
 #15

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

I dont think it does but people in the US will be the one to decide whether t does affect it or not because they would be in a better position to know if the value of dollar has increased or decreased in relation to the purchase of goods and services over there. If the value has dropped which makes bitcoin worth more or if its really the forces of demand and supply on the part of bitcoin.
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December 06, 2017, 08:32:21 PM
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Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

I don’t think it will affect each other’s value directly but on the investors point of view, yes it can especially those using dollars for transaction. Buying and selling then it will decrease as the dollars fall. It hard to explain but sometimes you can understand it by simple logical or practical thinking and explaining it will be more complicated than leaving it, individually learned.
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December 06, 2017, 09:51:00 PM
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Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?

I don’t think it will affect each other’s value directly but on the investors point of view, yes it can especially those using dollars for transaction. Buying and selling then it will decrease as the dollars fall. It hard to explain but sometimes you can understand it by simple logical or practical thinking and explaining it will be more complicated than leaving it, individually learned.

I agree, i believe Bitcoin value is indpendent on dollar value.  It is the invesotrs interest and holders plan that affect bitcoin price.  We all know that bitcoin is open market and it is govern by demand and supply law.  Dollar is just there for the rate of the interest of people in dollar form ( buy demand)

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December 06, 2017, 10:02:50 PM
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The basic thing that affects the value of BTC is Demand. Once the demand is high, thus more purchase then the price pushed up steady, just as what BTC is facing now.... Awareness is high now and more people are interested in BTC.
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December 06, 2017, 10:03:50 PM
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The bitcoin value is solely determined by the supply and demand. The more people or investors will ask for it, the higher the price will go. If the dollar value will get low, then the buyers have to put more and more of this toilet paper on the table to get some bitcoin.

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December 08, 2017, 06:42:45 AM
 #20

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

No,the dollar value fall doesn't affect the price of bitcoin because the price of bitcoin is calculated in satoshis.But normally we calculate the bitcoin price in dollar but there is no relation between bitcoin and dollar.

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