The dollar affects Bitcoin?

[microwave]

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?

Price increased kf dollar is because of manipulation of oil and merchandise but this not in connection of price inflation of bitcoin. Trader and investor of bitcoin is responsible to the movable movement of bitcoin price. So dollar and bitcoin is continuously moving not to be compete with both parties.

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[cahbagus555]

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?

Beside dollar rising, bitcoin have negative news and thats make bitcoin value looks weak on dollar. But I am optimistic on bitcoin price when ETF approved on september, it will bring big investor to crypto market

[awik p]

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?

Beside dollar rising, bitcoin have negative news and thats make bitcoin value looks weak on dollar. But I am optimistic on bitcoin price when ETF approved on september, it will bring big investor to crypto market

right. the role of government is really needed to support development of cryptocurrency. with policy in favor of btc it will increase that price against dollar, because of increasing demand for BTC

[Mikado_]

The dollar is very strong at the moment, despite a trillion dollar budget deficit.

This is not sustainable.

Within a few months, quantitative easing will be necessary, and the dollar will be weaker.

This may be bullish for bitcoin.

[s.mahmood]

seam to me dollar doesn't make any influence in bitcoin market.But when we sell bitcoin and cash out money then of course we depend on dollar rate.If dollar's rate is high we get more money and if dollar rate is low we get  small amount.

[Visteryy]

The dollar is the most popular currency in the world. The price of dollar affects all economies of the world, once dollars are devalued. All things economy falls and vice versa. And crypto will certainly be affected too.

The dollar is a trading currency around the world. It has its own values in every country. High or low value compared to those countries, it has many important characteristics in the market. In order to be able to trade for everything, especially in the field of electronic money, it has a great influence. All its actions are decisive for the financial market economy.

[tdtduy]

The US dollar directly affects the value of Bitcoin. Because the value of Bitcoin is usually converted to US dollars. It is also due to the psychology of investors in Bitcoin change if the US dollar value changes. This means that if US dollars are rising in the global market, Bitcoin will decline, if the US dollar falls, then Bitcoin will add value. This is a factor that affects Bitcoin.

[FreeEarnsActivist]

Well obviously as the best way to measure BTC price is to look at the dollar parity...

[ValerieBTC]

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?

Beside dollar rising, bitcoin have negative news and thats make bitcoin value looks weak on dollar. But I am optimistic on bitcoin price when ETF approved on september, it will bring big investor to crypto market

Well after reading so many comments and different views, I think we should take it in other way too. dollar is a currency that is being used internationally. But this wouldn’t be affecting so strongly as prices of bitcoin is either increasing or decreasing or vice versa. Either dollar go up or down, bitcoin would be affected just in aspect that people must buy it in different prices.

[Ailmand]

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 has an effect since the dollar is one of the most powerful currencies around, and also, many dealings in the cryptocurrency market end up being traded or exchanged into dollars all over the world. Therefore, the movement and rates of dollars have a major effect on how the cryptocurrencies themselves move and trend in the market. Also, I say that because cryptocurrencies are such a different breed of currency that it can be affected by non-usual or traditional factors that affect the currencies we use today.

[Cacao2017]

Well, I think the dollar has a certain impact on the bitcoin price because we usually use dollars to buy bitcoin which makes the price of bitcoin impacted by the neu dollar as well as the dollar being sold. Influence to btc value

[randyhuges]

Yes, it can make bitcoin prices go up and down. Everyone can make a profit from it.

[Neved1975]

I nevertheless suppose that is just a twist of fate.BTC and dollar are absolutely specific asset，greenback is a forex recognized by way of governments round the arena，on the opposite，few of countries are verify for BTC，even Bitcoin is unlawful in some international locations.

[crazymelons12]

I think yes. We know for a fact that cryptocurrency in general doesn't have any value at all. Except for an instance where it is bought. The price it stands for will then be the value you paid for say for it, for example in dollar. So the higher the value, maybe the lesser will buy due to its high price. Should there be any crisis I think the lesser will buy as well. So i think it does have any connection to the cryptocurreny wether it would be ethereum, bitcoin or all other coins.

[katrimans]

I nevertheless suppose that is just a twist of fate.BTC and dollar are absolutely specific asset，greenback is a forex recognized by way of governments round the arena，on the opposite，few of countries are verify for BTC，even Bitcoin is unlawful in some international locations.

I think that the value of Bitcoin is not determined by the value of the dollar in the international market alone but also by the demand for the coin. If the demand for Bitcoin is high, the price of Bitcoin will also be high except some exceptional cases. Now if the price of dollar falls, there will also be a fall in the value of Bitcoin in terms of dollar but the as soon as the fall in the value of dollar is recovered, the value of Bitcoin will also recover. This is a general market trend.

[crocus]

I don't think that dollars affects bitcoin price cause bitcoin is volatile and the reason why bitcoin price had a quick changes of price is it because of supply and demand on the market and increasing of dollars has nothing to do with.

[PrinceFury]

When all is said in done a rising tide raises all boats, anyway its in every case genuine. At this moment numerous financial specialists are clutching blockchains and not putting resources into ICOs as the fundamental blockchain rates are rising, they expect more noteworthy development from the blockchain than ICOs. At the point when the huge young men drop, there is all the more spending towards ICOs and alt-coins as financial specialists would prefer not to lose esteem.

[kiatitami]

We convert from dollars to altcoin and vice versa. These two currencies are tight-fitting, but the purpose is only to dollar, so altcoin is only auxiliary currency and not as valuable as dollars.

[Haoque89]

Inflation is measured by the consumer price index (CPI), which measures the cost of a basket of consumer goods, such as food and gas. If inflation is measured, the price of bitcoin will rise because of the price. The $ 8,000 dollar will buy a bitcoin, but if it does, $ 8500 will buy a bitcoin.

[Popov_popov]

To some extent, the dollar affects the price of bitcoin.