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Author Topic: The dollar affects Bitcoin?  (Read 988 times)
Friskaadew
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September 07, 2018, 10:51:41 AM
 #241

yes of course because if dollar price is high the purchasing power of people will be going down the people will save their money then buy BTC i think

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September 08, 2018, 07:51:24 PM
 #242

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.

In a way, fiat and cryptocurrencies are connected. If the dollar falls, the price of Bitcoin can be reduced as well, and vice versa. As I see, it is happening now.

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September 08, 2018, 08:55:35 PM
 #243

There is no direct dependence of the cryptocurrency and the dollar, but when you want to withdraw money in Fiat dollars, naturally the price of the dollar affects. You either get less Fiat money or more, depending on your country.

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September 08, 2018, 09:51:59 PM
 #244

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?

indeed there is a connection between the dollar and bitcoin. because the dollar is enough to influence a bitcoin price to date. so if the dollar price drops and rises then bitcoin will also be affected by all of that.

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September 08, 2018, 10:24:34 PM
 #245

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?

I think it's not coincidence because as you can see when the investors or traders wanted to have Bitcoin, they will purchase it using the dollar, so which means if the dollar increases, bitcoin will also increase. For some reason, even they do have similarities in terms of advantages but they still have different features.

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September 08, 2018, 10:46:26 PM
 #246

I don`t believe in coincidences and if the trend of rising dollar affected btc one or more times than I think they have a correlation and with a simple analysis by looking in their charts during those trends would give us an answer.

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September 10, 2018, 01:30:42 PM
 #247

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?
That was just a coincidence, it’s not how it works, Bitcoin is not linked to any currency or whatever and it does not rise just because dollar is rising. Bitcoin is on its own and what moves the price is the rate at which we invest in it.

When there is a high demand for it then you will see the price increase and when there is a lesser demand the price will go down. Anyone saying that Bitcoin rises because dollar is doing so is wrong and don’t even know what they are saying 

ronics
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September 10, 2018, 02:32:43 PM
 #248

Basically I only observe the full fiat and it affects the value of the crypto so that my tracking is accurate because you know that the dollar is also being followed in a bitcoin but this is also the reason why last year was most important to The dollar is low and about the amount of bitcoin goes to the fact that the prices of the two currencies are different.

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September 10, 2018, 03:32:44 PM
 #249

Yes, it do affect the price of bitcoin because based on what I've understand about the price of bitcoin is it depends on the value of dollar. But when it comes on rising of the value of the dollar, I don't think that the price of bitcoin necessarily get high too.
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September 10, 2018, 03:54:32 PM
 #250

yes of course because if dollar price is high the purchasing power of people will be going down the people will save their money then buy BTC i think

It must be admitted that the main factor that makes bitcoin and market cryptocurrencies a lot of negative news, I believe that the dollar strengthening has no effect in crypto but a negative campaign that makes investors switch is the main factor.

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September 10, 2018, 04:14:00 PM
 #251

The dollar can affect the price of bitcoin. Looking closely at the crypto market the USD usually affect how bitcoin performs depending on the demand and supply of bitcoin. I believe when many people trade their hard earned bitcoin cheaply for the dollar, it  can adversely affect the price of bitcoin.
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September 10, 2018, 05:09:33 PM
 #252

I wonder the same thing as well. Fiat currency and foreign exchange rates are unpredictable and it makes me wonder if bitcoin prices has anything to do with it. Do you think that because of this, cryptocurrency will never replace fiat?
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September 12, 2018, 09:07:42 AM
 #253

It comes in the currency they are all calculated and all accurate when the value of bitcoin increases the dollar will slightly fall because many people are buying cryptocurrency and also when the dollar increases meaning it would be bad for bitcoin because people pulled out some money in their wallets.
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September 14, 2018, 07:09:11 AM
 #254

I don`t believe in coincidences and if the trend of rising dollar affected btc one or more times than I think they have a correlation and with a simple analysis by looking in their charts during those trends would give us an answer.
Dollar and Bitcoin are two great investment sources but these two are not affected by one another as we know that the major factor which affects price of a source is its demand. Similarly Bitcoin and dollar are mostly affected by demand as its is clear that increase in demand increases the price of it. If number of investors leave Bitcoin for dollar then Bitcoin value will fall and this is just analysis as we know that Bitcoin has value higher than dollar.

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September 14, 2018, 09:58:48 AM
 #255

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?
I think there is no direct connection between the dollar and bitcoin. Perhaps when buying or selling bitcoins for dollars there is some dependence.
But what is happening with the dollar in many countries does not depend on bitcoin. Just like bitcoin has nothing to do with it.

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September 14, 2018, 10:14:27 AM
 #256

The a increment the increment the money will be increase the Bitcoin value to a section. Weight to the Bitcoin will be up to the new pixel value to the user used.
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