The dollar affects Bitcoin?

[darthmaul]

The only thing that affects the bitcoin is FUD news, FOMO investments and whales manipulating the whole market for their own benefits. 
I dont think dollar has got to do anything with the crypto currencies or bitcoin specifically. Dollar is just form of the currency, no matter what whether it is other countries currency as well. Because dollar is rising in the sphere of reality and on the other hand there is big barrier of virtual reality in between bitcoin and the fiat. So there is no way that they will get affected by it. Its not crypto to crypto relationship but alone currency which depends on fundamentals rather than technical relations.

[metenjean]

US dollar affects not only bitcoin but the whole economic system, dollar is used as payment method and tangible asset which used in everyday transactions while bitcoin mainly used only for investment nowadays. If we compare bitcoin transaction / day with government or banking institution combined then surely it affects much. As people need more cash money they will sell bitcoin and going for dollar.

[runway]

US dollar affects not only bitcoin but the whole economic system, dollar is used as payment method and tangible asset which used in everyday transactions while bitcoin mainly used only for investment nowadays. If we compare bitcoin transaction / day with government or banking institution combined then surely it affects much. As people need more cash money they will sell bitcoin and going for dollar.

What you say is true in a certain sense. The dollar is now regarded as the world's common currency. So when the price of the dollar goes down, it will certainly affect the market.

[Mhd-Bobbi]

All currencies or digital money affect each other. If the dollar falls, the bitcoin will also be affected because the investor uses dollars to buy bitcoin, which in turn causes the bitcoin price to fall affect

Yes, you are right. Everything is very influential. Currently the dollar is rising. And the bitcoin movement begins to rise little by little. Because today many people are starting to believe that bitcoin will increase.

[Naida_BR]

I can only see a positive correlation right here. If the value of the Dollar increases then investors can buy a bigger amount of Cryptos. Given that, the price of BTC (for example) will increase because of the rise in the demand on the contrast of the "stable" supply.

[dajibale]

I still think this is just a coincidence.BTC and dollar are completely different asset，dollar is a currency recognized by governments around the world，on the contrary，few of countries are confirm for BTC，even Bitcoin is illegal in some countries.

[Vinalians]

There is no coincidence when 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.

[Onecrypto18]

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, I would rather say it is a mere coincidence. The dollar increase couldn't have been the reason why BTC has recorded gain in value in the passed few days. What if there was a serious negative issue with BTC at this same time, definitely the prices would have dropped despite the dollar rise.

[Jimitieu]

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 will have a small effect on the price of bitcoin, because when converted to dollars, the higher the dollar price, the higher the value of the bitcoin you have multiplied. So it will affect and you will get some extra money from this. As if the price of gold or oil prices rise, everything is going up

[qwerty12]

I'm not sure of that, I think the increased value in bitcoin has nothing to do with the increasing of a fiat currency like dollars or even other fiat money. maybe this is just a coincidence.

[richmcrich]

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 didn't know that. its interesting to know that how the price of the dollar fluctuates it impacts bitcoin.

I don’t think so that there is any such influence of any of the crypto currency over dollar or vice versa. There is nothing in common in between both the forms of the currency and that the ones who are using dollar are very much satisfied with it. However, if crypto currencies get legalized, then it will be a great trouble for the dollar to maintain the similar reputation which it has for now.

[virasog]

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?

bitcoin prices are affected by volatility, and most importantly, it can also be derived from legality and government regulations on the policy of a bitcoin, and that will reduce its users so that bitcoin prices will rise and fall, out there will not interfere with bitcoin prices let alone dollars, but in some campaigns depending on the policy of a manager who arranges payment will follow the dollar or bitcoin price.

Bitcoin price is 80% dependent on the News and the USD has a very little part to play here. The good thing is that bitcoin cannot be controlled or manipulated by the governments unlike USD which is controlled by a central authority.

[Jimmi Andersen]

I believe that the us dollar does not affect the exchange rate of bitcoin and other altcoins. The dollar is paired with other national currencies, such as the Euro, the Russian ruble, The Chinese yuan, etc.
Bitcoin depends on news factors, on rumors that are just a catalyst for growth or fall

[Mhd-Bobbi]

I'm not sure of that, I think the increased value in bitcoin has nothing to do with the increasing of a fiat currency like dollars or even other fiat money. maybe this is just a coincidence.

Why do you say nothing to do? Of course there are related. They will not sell bitcoin if the price goes down. They will sell when bitcoin prices go up.

[BTCeminjas]

The Bitcoin price is expressed as an exchange rate in relation to another currency. The decelerating rate of increase of the coinbase, the supply of bitcoin can, for practical purposes, be assumed to be constant. Whrn the price of the dollar is increase so more people earned big profit so can possibility affects dollar.

[Duzter]

As there is direct dependence of bitcoin with the fiat around the globe. So when there is a fall in the market of usd, the value of bitcoin falls. This causes a drastic fall in the entire capital market of cryptocurrency, and that seems to be the impact of USD upon bitcoin.

[samsung001sss]

I believe that bitcoin is not in any way connected with the price of bitcoin. You would also say that bitcoin is closely related to oil production. There is absolutely no direct connection of bitcoin and other national currencies. The whole reason is that many exchanges and major players on the exchange manipulate the price of bitcoin. Those who own a large number of coins has an impact on the development and price of bitcoin. That's what affects the price of the market today.

[ReiMomo]

I don't think so but I may be wrong. Crypto currency price is determined by the supply and demand of it and no other thing is intermediate or linked to that as per my knowledge. Dollar value can be rising or decreasing and that doesn't affect Bitcoin price but may be affect the price in minor in rare cases where one needs to buy Bitcoin when dollar is in high price.

[virendarnagpal]

I am unable understand the relation between dollar and bitcoin.  Why the value rise in dollar can hike the price of bitcoin?  These are two separate entities.  Both are just opposite to each other.
Dollar is fiat currency of USA while bitcoin is international virtual currency.  Price of the dollar is affected for different reasons those may be political; international; war etc .  We have experienced Bitcoin price fluctuating in a wide range; and such a fluctuation is impossible in case of dollar because it is guaranteed by the Government of America.

Price of bitcoin may rise when the value of dollar is decreasing due to inflation etc.  Just like gold and stock markets under those circumstances the value of bitcoin may increase. 

[FlightyPouch]

US dollar affects not only bitcoin but the whole economic system, dollar is used as payment method and tangible asset which used in everyday transactions while bitcoin mainly used only for investment nowadays. If we compare bitcoin transaction / day with government or banking institution combined then surely it affects much. As people need more cash money they will sell bitcoin and going for dollar.

What you say is true in a certain sense. The dollar is now regarded as the world's common currency. So when the price of the dollar goes down, it will certainly affect the market.

But even if the dollar make a change the price of Bitcoin will not change because the only thing that can make a change on the crypto currency price are us users. Dollar is just the given value of Bitcoin since it is the most traded currency in the world, even if the price of dollar goes down, I don't see it affecting the market especially the crypto currency market.