The dollar affects Bitcoin?

[Ridwan Fauzi]

Although I'm not sure about the news I've read the dollar price is determined by the BTC price movement, I'm sorry for not putting some clear references. But if you see the relationship between Dollar and BTC it is very close, because all this time the price of bitcoin is always juxtaposed with the dollar, you can correct it if I'm wrong.

But if we rely on the logic of dollar and BTC relationships very far, the dollar with a centralized system and BTC with decentralization system, because two systems are very contradictory. Bitcoin prices are always changed by supply and demand while the dollar is changed by the state of a country's economy.

[nguyenthanhvien]

usd is a strong currency that affects all countries in the world. Bitcoin as well as other currencies so it will greatly depend on the value of usd in the world.

[nagobinga]

The dollar is now starting to rise in price and can be an idol for sellers and cannot be matched by the Cripto currency which has now begun to decline.

[r32godzilla]

No the dollar price increase has nothing to do with bitcoin's price rise.Bitcoin's price gets affected by many factors like market FUD,decrease in demand but not in relation to dollar.

[darkangel11]

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 don't believe they are influencing one another in any way. It'a a coincidence that they are both rising at the same time. Fiat currencies are more stable and their waves take much more time to unfold. At the same time BTC can go full circle in just 1 year, meaning that it can moon, crash, go into depression and recover in less than a year! A typical fiat currency will usually need at least 3 years to do the same, but usually it takes 5-10 years.

[Reid]

Yes it does affect the price of bitcoin since they are in the same bracket.

But when you get deeper this is what shouldve happened.
USD value increase. Bitcoin exchange with USD should have went down.
Why are we seeing an increase of price in bitcoin?

They affect each other but still having their own market that makes them more valuable in this economy.

[Ranly123]

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 don't think it has any effect. Dollar and Bitcoin are two different assets in two different world, so how can this two be synchronized in relation to their usage? The dollar price is rising slow, yet Bitcoin price rise twice or even many times faster than of the dollar that's why I have concluded that dollar does not affect Bitcoin at all.

[darkangel11]

Yes it does affect the price of bitcoin since they are in the same bracket.

But when you get deeper this is what shouldve happened.
USD value increase. Bitcoin exchange with USD should have went down.
Why are we seeing an increase of price in bitcoin?

They affect each other but still having their own market that makes them more valuable in this economy.

OK how? Please explain to me how the value of USD that you're exchanging your coins for can influence the value of BTC.
They both are reacting to world news and they both depend on world economies, but they don't depend on one another. IF USD would suddenly crash, BTC would crash too because it would create a shockwave throughout the world markets. For some people it looks easy: BTC wants to become the new world currency, so if world currencies die, BTC will go up, but it's not that simple. There were even some articles about this corelations like: https://cointelegraph.com/news/heres-how-world-fiat-money-affects-bitcoin-price

Conclusion
So far there is no indication that fiat money influence Bitcoin price after all. Bitcoin has been developing on its own, disregarding international news and major currencies movement.

[jaysabi]

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?

Coincidence. There's no direct measurable impact, especially considering how quickly the price of Bitcoin moves and how slowly the price of the dollar moves. Two weeks ago they were moving in opposite directions, and in two weeks from now they may be again. There's no rhyme or reason or coordination, merely coincidences that aren't attributable to anything. Any actual impact is going to be completely drown out by the magnitude of the BTC price swings and wouldn't be measurable except perhaps on a timescale of decades.

[goaldigger]

They are separate entity so i guess not. Besides dollar doesnt drop that much when the value of the bitcoin become doomed. Bitcoin doesnt have any local currencies as basis because it is considered as international currency and people all over the world can use it.

[Kayla]

I think it's a coincidence that the bitcoin increase is usually influenced by how much demand and supply of bitcoin. Probably what is meant here is if bitcoin is converted into dollar value higher because currently dollar price is rising. As far as I know the dollar price has a big effect on the world's currency, not bitcoin. Perhaps a rise in the dollar could have an effect on bitcoin, but the scale is very small.

[Yarsk]

When the dollars rise the price of bitcoin will definitely be affected positively and that is what we are witnessing right now, the recent rise in the price of bitcoin is as a result of the rise in the price of dollars and at the same time the increase in the demands of commodities in the exchange market.

[Chaki_]

ICO that are accepting Fiat only consider and prefer dollar than any other currency so I think there are factors that may effect in crypto if dollar price is decreasing

[Adreman23]

Dollar and bitcoin has different variation of price movement. Dollar is more stable price volatility compare to bitcoin. Suppose dollar rise  the value there is a also possiblity  that bitcoin will fall. In my own opinion i think this is only a coincidence.

[gowobonyok]

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 can actually make the price of bitcoins increase if the dollar price decreases and people will earn more profit in that way.

I dont think so. dollar, or any stock does not affect bitcoin. bitcoin determines its own nilianya, and whatever happens in the economy, does not have an effect on bitcoin. at least until now.

[Intensity13.6]

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?

Dollar and bitcoin has a different value and uses. Dollar is stable than bitcoin and it was a our national currency while bitcoin is just a digital currency which is best for investment. I think dollar is just a conversion rate of bitcoin just to see the value of  bitcoin because it is digital.

[SaraMartin1212]

I think co-coin and dollars increase at the same time with no coincidence. USD has no major influence on Bitcoin because Bitcoin has no managers, no servers. In contrast to the US dollar is controlled by the United States, China, and other developed economies.

[Raufjoze]

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?

in my opinion it's just a coincidence, obviously different between dollar and bitcoin, and that can bolster the bitcoin value is a positive or negative issue that develops in bitcoin holders or new players

[player514]

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?

They may both transmit information or value, but that’s where the comparisons should end. Today, merely out of desperation, Bitcoin value is constantly compared to the United States Dollar. We compare Bitcoin value to the dollar’s because they’re both seen as currencies, but Bitcoin value is much more than that. Currency is just Bitcoin’s first “app.” You can send 1000 bits of information within a Bitcoin. You can send millionths of a Bitcoin to someone as payment. The amount of Bitcoins produced is market capped. The distribution of Bitcoin is fully decentralized and is not bound by any primitive territories.

[worldsuccess01]

This is not true dollars can affect bitcoin because bitcoin only is almost decreasing prices day and day while dollars are always rise due to some big businessman and powerful people in europe connected to all currency in the market.