The dollar affects Bitcoin?

[parlament9]

It is rather difficult economic problem. Since it is the new market - I think that it can be the truth, it is no secret that all markets are closely interconnected among themselves. Just as history with TETHER. I think that many heard and even saw what occurs

[Clemcout]

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 dont think they have anything connection.
Bitcoin went up because of the ETF thing. Now it went back down because that was just rejected. This is probaly the major reason for bitcoin price right now.

I don’t think so that there is any such way to measure dollar with that of the bitcoin as both these currencies are entirely different currencies and that they don’t have anything in common. The only purpose for which dollar is being used is the conversion unit to help us in knowing the worth of the bitcoin and other crypto coins in terms on the regular currency. Other than that, dollar have no such impact on bitcoin.

[Kingsingle]

I find these two coins separate, without affecting each other, at present the price of coins depends on supply and demand, so is converted to the dollar but the interaction between the two coins is not there.

[AliciaHenry12]

In my opinion, at present USD does not affect much bitcoin. Bitcoin prices are mainly measured with fiat currencies such as USD, EUR, JPY, KRW, (formerly CNY before China banned RMB trading with Bitcoin in September 2017). In English-speaking countries, the US dollar and the euro (EUR) are the two major currencies. Both are experiencing continuous inflation due to increased money supply from the central bank's money printing

[ricardobs]

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 see how the price of Bitcoin is being affected by dollar. So you’re tying to say that assuming the price of Bitcoin is $10 and dollar happens to start rising that the price of Bitcoin will also follow it and maybe go up to $20? That’s a lie, most of you are wrong that’s not true.

The value of Bitcoin has nothing to do with the rate of dollar rising or falling, it all depends on what we invest, what we are ready to buy and sell.

[netil]

I would say that this lobby of the dollar influences bitcoin. Very many are not interested in the development of crypto because it will have a negative effect on traditional currencies, which means that their assets will be reduced.

[lungu113]

I would say that this lobby of the dollar influences bitcoin. Very many are not interested in the development of crypto because it will have a negative effect on traditional currencies, which means that their assets will be reduced.

Well still dollar won't be affected if bitcoin will become popular. In the first place we used money as the main source of our finance which in market industry money still more valiable.

[robbietobby]

Same thing as the condition of other monetary values. If one increases and so the other. All currencies are connected and intertwined with each other. The loss of one economy could be a great impact to the world's economy. And so coins are just connected and thats the way it used to be.

[nmgfsdnfgwjio]

I just thought it was the coincidence. But that is good. The United States can grow at the same time as bitcoin.

[Athanasios Motok]

I believe that the dollar does not affect the price of bitcoin. Bitcoin depends on other factors and conditions in the market. Bitcoin is very subject to rumors and news, as in principle, any asset or stock on the exchange. Bitcoin depends on large holders who can bring down a coin at any time or Vice versa to make a pump coin.

[Rockernewf]

Maybe a regular dollar not that much but I've seen some good analisys of a correlation between extreme amounts of printed Tether and Bitcoin price increase.

[maculeth]

no. so far bitcoin determines its own value. ups and downs of dollars do not affect bitcoin.

[ace1105]

I believe that the dollar does not affect the price of bitcoin. Bitcoin depends on other factors and conditions in the market. Bitcoin is very subject to rumors and news, as in principle, any asset or stock on the exchange. Bitcoin depends on large holders who can bring down a coin at any time or Vice versa to make a pump coin.

Yes, you explained it very well. I think the value of dollar doesn't affect the price of bitcoin. Even if dollar is most fiat currency use by all investors, you are right that those factors mentioned above affects bitcoin.

[ajoygb]

Still it can affect the bitcoin, it can be said that a devaluation of the dollar, or a recession could be a good catalyst for cryptocurrencies in general. So in terms of bitcoins valued against dollar, the value of bitcoin will also decrease. I feel if such a scenario arises then there would a huge bitcoin sell-off due to negetive market sentiments.

[CarnagexD]

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 is funny. I dont think there is any sort of effect over the bitcoin from USD side. The crypto currencies are in different sphere and dollar is at different. The dollar can affect the other national currencies but not the bitcoin I believe. Other currencies are paired with the USD market directly while bitcoin is indirectly. Dollar value rise as such wont affect it, what might affect is its influx in the bitcoin market. This applies to other national currencies as well. Its surely just a coincidence and can be proven with the fact that only BTC is rising and not all the altcoins.

 Hello duds, please try to redirect your question? Bitcoin is Decentralized digital crypto currency transaction, with its own security features, advance technology (Blockchain). There is no direct correlation on the amount or price value of US $ to Bitcoin. US stock market deals with solid investment, transact on solid product like gold,silver etc.etc. while Bitcoin investment is on Digital currency into the crypto market.

[hardtargetbtc002018]

Still it can affect the bitcoin, it can be said that a devaluation of the dollar, or a recession could be a good catalyst for cryptocurrencies in general. So in terms of bitcoins valued against dollar, the value of bitcoin will also decrease. I feel if such a scenario arises then there would a huge bitcoin sell-off due to negetive market sentiments.

For me i think it really affects the market because most of the time we are using dollar to buy bitcoins and also during exchanges of coins into cash so its really big advantages for bitcoin if the dollar will rise.

[zeger]

The price of Bitcoin isn't the exact same as its value. Conversely, towards the end of the year, it has historically rallied. Recently, it surpassed US$1,000 for the first time since the first few days of January. Therefore, if you would like to set the price of Bitcoin in the future you merely spend the price today and say that's the price later on.

[ChaChaiTL]

f the dollar is going to be inflated, the bitcoin price will go up because the value of the dollar has fallen, so buying a bit of it needs more dollars, dollars Strong move to bitcoin

[beej]

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 US dollar prices have situational significant effects on Bitcoins. When it reached $20k that was
a massive deal for bitcoins. A combine increase in dollar and bitcoin prices will surely make the market
engaging and a lot of people elated from prices alone.

[yunzau]

yes it is influential because of its value as a popular fiat currency and its rise also affects bitcoin.