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Sadlife
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December 11, 2017, 11:23:40 PM |
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Both has independent platform if bitcoin goes down it will not affect dollar cause they are not pegged with each other. But if you cash out your bitcoin to dollars that's a different story cause if the value of dollars is low then the value of btc you'll get is also low regardless on how many btc you have. So in this point dollars can affect bitcoin with converting to btc into fiat.
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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reymartH
Member
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Activity: 112
Merit: 11
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December 11, 2017, 11:36:48 PM |
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There is no indication that fiat money influence Bitcoin price after all. Bitcoin has been developing on its own, disregarding international and major currencies movement.
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katinko
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December 12, 2017, 05:58:44 AM |
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I do not think so, bitcoin is different to fiat, it has own dimension no one controlling it the value of coin is depending in the supply and demand of one coin in the market while dollar and other fiat are base on the economy of one country which is controlled by the government. I think we do not need to compare digital currency to decentralized currency both has different uses, both has own advantage in different world.
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supercanada1
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December 13, 2017, 07:28:05 PM |
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I do not think so, bitcoin is different to fiat, it has own dimension no one controlling it the value of coin is depending in the supply and demand of one coin in the market while dollar and other fiat are base on the economy of one country which is controlled by the government. I think we do not need to compare digital currency to decentralized currency both has different uses, both has own advantage in different world.
I do agree with you because it is not having connection openly but they are connected as well. See now people are using bitcoin for shopping and in past people were using only dollar. The main point is that bitcoin has higher value than dollar and nothing can affect the demand and price of bitcoin right now. I would like to say that bitcoin is much better than dollar because saving bitcoin causes profit. |
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kodtycoon
Legendary
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Activity: 1568
Merit: 1002
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December 13, 2017, 09:04:20 PM |
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I think bitcoin can not be influenced by dollar value, exactly the opposite of dollar strengthen if traded with bitcoin is not the same as the fiat set by the government. higher the bitcoin price the fiat follows slowly as large trades have occurred in the crypto a little slowly away with forex trading.
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CaterpillarRave
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Activity: 280
Merit: 10
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December 14, 2017, 04:26:20 AM |
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I think it only involves a little. BTC is calculated by satoshi. then converted to USD. It does not affect much.
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serjent05
Legendary
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Activity: 2842
Merit: 1255
Cashback 15%
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December 14, 2017, 04:09:30 PM |
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I think it only involves a little. BTC is calculated by satoshi. then converted to USD. It does not affect much.
It really does not affect, since USD value just adjust to the Bitcoin value depending on how much people are willing to Buy Bitcoin and not how much the value of a dollar. Bitcoin is not pegged to dollar as we speak, Bitcoin price depends on the demand and supply and the hype around the market. Bitcoin value will stay on the effect of supply and demand even if dollar value is fluctuating. |
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xwshamim
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December 14, 2017, 04:49:47 PM |
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no bitcoin is more established than dollar i think  and it will never affect the value of bitcoin as i think there is no relation between bitcoin and dollar so there is no way of affecting. bitcoin will rise in its own speed .that is what i think |
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batang_bitcoin
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December 14, 2017, 10:30:43 PM |
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Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
There will be some involvement but still bitcoin will rise. How does value of dollar gets low? When the entire economy of US is in recession and the mostly affected ones are the countries that are depending to their currency exchange. But bitcoin is deflationary currency so it doesn't really matter if dollar value goes down. If value of bitcoin keeps on moving and moving, dollar is the one that will adjust on everything regarding to bitcoin's value and increase. |
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cicciobtc
Legendary
Offline
Activity: 1148
Merit: 1001
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December 15, 2017, 12:53:21 AM |
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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. |
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BillCoin
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December 15, 2017, 09:08:58 AM |
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I think it only involves a little. BTC is calculated by satoshi. then converted to USD. It does not affect much.
It really does not affect, since USD value just adjust to the Bitcoin value depending on how much people are willing to Buy Bitcoin and not how much the value of a dollar. Bitcoin is not pegged to dollar as we speak, Bitcoin price depends on the demand and supply and the hype around the market. Bitcoin value will stay on the effect of supply and demand even if dollar value is fluctuating. That's not the point. Bitcoin is being exchanged at various exchanges around the world, if the US dollar value goes down, then it will adjust the bitcoin price against the usd and it will significant increased. If bitcoin is traded against 1000Euros or 1200$. and suddenly the USD goes down and now 1000 euros are 1300 $, then the bitcoin price will increase to match the price of bitcoin against other currencies. You are not losing any value, I guess it will have a very small impact but won't hurt a lot. |
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Wipro
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December 15, 2017, 08:52:42 PM |
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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. We may take it as somehow bro. because as the increase of the bitcoin purchase for fiat we will find the demand on the concern currency whether it is bitcoin or ethereum. We cannot take that completely and I would say that demand and supply only defines the bitcoin price in the market place. To say the truth you will find the 30 percent of the coins are only in the supply other coins are just holded by the initial investors. |
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virtualkeybuyer
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December 15, 2017, 11:25:13 PM |
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The original or traditional currency like the Dollar, Euro etc are physical money and has no absolute relationship of any kind with bitcoin or any other cryptocurrency.
So therefore the value of dollars does not affect bitcoin.
But one thing most people (including me) fear is that, the worth and the importance of dollar might be diminishing because more interest have been given to bitcoin. Even admist this fears, it is quite interesting to know that we need the dollars in order to encash our bitcoin or any other cryptocurrency.
The absolute value of dollar and value of bitcoin has no inter relation so this is not right to say that dollar value will effect the value of bitcoin. Moreover, if the dollar today gets finished and totally replaced by some new currency by United states bank, even then it will not effect the bitcoin, as the bitcoin is a crypto currency and it has nothing in common with the dollar, Euros or Pounds etc. |
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tabas
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December 15, 2017, 11:55:48 PM |
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If dollar values goes down no effect can happen to bitcoin but I know that what makes you worry is about the exchange of bitcoin to USD which is the main way to dictate the price of bitcoin. But there is one thing that we will see if that happens, adjustments will just occur by that time.
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Rooster101
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December 16, 2017, 12:18:46 AM |
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Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
Bitcoin value will not affected by any changes in dollar value but through market's supply and demand. Increase in usage and a wider adoption by many investors will make the bitcoin value to rise. The bitcoin futures trading, a regulated market, will also determine the price of the bitcoin. |
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truecrusader666
Jr. Member
Offline
Activity: 57
Merit: 10
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December 16, 2017, 12:19:37 AM |
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Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
I think is the otherwise, current bitcoin price affects on dollards value, because most of the people around the globe purchasing bitcoin with USD dollards if im not mistaken. |
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truongdhnh
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December 16, 2017, 12:29:26 AM |
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Dollar value does not affect bitcoin, it is simply used to refer to the bitcoin value. Bitcoin can use other currencies to determine the value, the rise or fall of dollar can not affect it.
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lili song
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December 16, 2017, 02:59:20 AM
Last edit: December 16, 2017, 06:35:05 AM by lili song |
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They are different things that can't be compare. Bitcoin able be act as investment and/ fiat like dollar , that's why bitcoin have more advantage compare dollar Dollar value does not affect bitcoin, it is simply used to refer to the bitcoin value. Bitcoin can use other currencies to determine the value, the rise or fall of dollar can not affect it.
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haileysantos95
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December 16, 2017, 03:38:34 AM |
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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. |
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timerland
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December 16, 2017, 06:46:28 AM |
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Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
For sure. Since bitcoin is a store of value for the long run, and is pretty much exactly the opposite of what fiat dollars represent, there should be a spike in bitcoin prices if the fiat dollar collapses. However, the actual spending value of 1 bitcoin should remain pretty constant throughout the hyperinflationary episode if there was ever to be one in the next few years. IMO bitcoin is one of the only viable replacements for fiat currency. A fiat collapse would actually mean that people are forced into accepting bitcoin as a result, otherwise, they'd be holding onto worthless pieces of paper. |
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