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Author Topic: The dollar affects Bitcoin?  (Read 987 times)
Jhonthor
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September 01, 2018, 02:48:02 PM
 #221

I think that's impossible. because dillar prices are relatively stable compared to bitcoin prices
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September 01, 2018, 03:59:29 PM
 #222

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?
The dollar can affect bitcoin, however you need to think clearly about this, if the dollar gets stronger then all the currencies compared to the dollar must go down if compared to the dollar, but if bitcoin goes up when the dollar is up and the growth of bitcoin is higher as we have seen on the last decade then that means that bitcoin is getting stronger and gaining value against all other currencies.



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September 01, 2018, 04:06:56 PM
 #223

We know now that almost all transactions are done using dollar. Many advanced countries are used at dollars. dollar is discribed bitcoins price

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September 03, 2018, 05:26:53 PM
 #224

Of course, the dollar affects the price of bitcoin. Because bitcoin exchanges are paid in dollars. So if the dollar price increases then the bitcoin price also increases. This is a very good sign. I hope good signal from bitcoin.

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September 03, 2018, 05:41:33 PM
 #225

Of course, the dollar affects the price of bitcoin. Because bitcoin exchanges are paid in dollars. So if the dollar price increases then the bitcoin price also increases. This is a very good sign. I hope good signal from bitcoin.

This is the proof that the cryptocurrency and fiat will be always connected. I see that BTC and the USD depend on each other - the higher the rate of the dollar, the more expensive the Bitcoin is.

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September 03, 2018, 06:17:32 PM
 #226

Assuming Bitcoin's value is unchanged, a bad assumption as it is extremely volatile, if USD and EUR depreciate due to inflation, the price of Bitcoin will increase. Therefore, fiat inflation will increase the price of Bitcoin in the long run.

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September 03, 2018, 06:37:59 PM
 #227

Given that people who are not from USA buy dollars in order to exchange it for Bitcoin, the rate grows. International use of dollar makes it very influentional on the crypto market.

Why do you think that non-US citizens have to buy US dollars in order to exchange them for Bitcoin? Maybe it was like that in the very beginning but nowadays you can buy BTC with your local currency almost everywhere.

USD doesn't affect BTC in any way imo. The only correlation I can imagine would be rising of Bitcoin in relation to US dollar if USD was losing its purchasing power. But USD is not unique in that regard, it could happen to any other currency too.

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September 04, 2018, 12:33:00 PM
 #228

I think that's impossible. because dillar prices are relatively stable compared to bitcoin prices
Bitcoin can't be affected by other currencies, even though it's US Dollar, due to the rise and fall of bitcoin prices pure by supply and demand. If the US Dollar rises the price of bitcoin also rises, it's just a coincidence. Sometimes bitcoin prices rise, the US Dollar actually decreases. So there is no correlation. Bitcoin independent currency, there is no intervention.
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September 04, 2018, 12:39:49 PM
 #229

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?
It's a coincidence, I don't think there's a connection between the dollar and bitcoin. You would have said that the sanctions have any influence on bitcoin. No, I Think it's a coincidence of parallel growth.
how can the dollar not be able to influence the price of bitcoin, we all know the dollar is a reference to how the fiat currency of a country has a value or not, and indeed they are almost bitcoin users refer to the dollar price so the dollar is very influential on prices.
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September 04, 2018, 12:51:54 PM
 #230

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

Bitcoins has a price based on dollars so it will obviously affect the value of any cryptocurrency that has been placed in the market and developers are creating a marketing strategy in order to make their own tokens increase its price.

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September 06, 2018, 08:15:02 AM
 #231

USD is use to reflect Bitcoin value. how USD move wont affect Bitcoin much. but failing of dollar will make people move their money to bitcoin, thats where bitcoin value increase.
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September 06, 2018, 09:41:25 AM
 #232

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

there is a possibility that the dollar will affect bitcoin temperature, and vice versa bitcoin affects the dollar. I don't know for sure why this happened, but the government certainly wants to maintain the stability of currency values.
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September 06, 2018, 10:28:31 AM
 #233

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

Yes, it is true that the dollar price has risen now, but the 'thing' has nothing to do with the rise in BTC, now you can see for yourself the BTC price has dropped again, does the dollar go down too, doesn't come down right?

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September 06, 2018, 10:47:50 AM
 #234

USD is use to reflect Bitcoin value. how USD move wont affect Bitcoin much. but failing of dollar will make people move their money to bitcoin, thats where bitcoin value increase.
Yes, really friend. I agree with you, if the value of the dollar goes down, of course people who buy bitcoin will increase. Because the value of the dollar plays an active role in the value of bitcoin.
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September 06, 2018, 11:09:49 AM
 #235

the increase in the dollar exchange rate on money mara some countries is very influential on the price of bitcoin, why is that? because many bitcoin holders from some countries who panic then sell the bitcoin they have with the aim that they will not suffer more losses, of course this makes supply and demand unbalanced and makes bitcoin prices fall

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September 06, 2018, 11:19:47 AM
 #236

USD is use to reflect Bitcoin value. how USD move wont affect Bitcoin much. but failing of dollar will make people move their money to bitcoin, thats where bitcoin value increase.

Like other opinions the growth of the dollar has nothing to do with the growth of the value of BTC unless the government of the owner of the dollar legalizes bitcoin in its country.
Like the opinions of others, the growth of the dollar has nothing to do with the growth of the value of BTC unless the government of the owner of the dollar legalizes bitcoin in its country.

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September 07, 2018, 04:27:29 AM
 #237

I don't think the price of dollars will affect bitcoin cause we have seen major changes in the price of bitcoin but only few or little change in the price of USD. Its just as if bitcoin is independent on it own,  which it is in a way.
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September 07, 2018, 08:09:20 AM
 #238



Yes, it is true that the dollar price has risen now, but the 'thing' has nothing to do with the rise in BTC, now you can see for yourself the BTC price has dropped again, does the dollar go down too, doesn't come down right?
The dollar does not seem to have much impact on the market. Because the difference is low there is nothing to worry about. Bitcoin is a matter of concern. Because it raises or drops very fast. Wanting to increase profits, it is mainly concerned with the bitcoin is important factor.

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September 07, 2018, 08:19:35 AM
 #239

Have to say that there is a certain impact. The US dollar is currently the most powerful monetary system in the world. Trump is currently really raising the leverage of the dollar, which I think is very dangerous. The world will soon erupt into a global economic crisis.
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September 07, 2018, 10:26:37 AM
 #240

BTC trades against all major world currencies, and there is a large arbitrage market that keeps prices mostly in line with each other across all currencies. That means if the USD goes down, then BTC prices against the USD go up.
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