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Author Topic: The dollar affects Bitcoin?  (Read 1920 times)
Antonina
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August 17, 2018, 05:10:40 PM
 #181

I think that the whole economy in this world is interconnected, and the growth of the dollar directly depends on bitcoin
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tazmannia
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August 17, 2018, 05:27:14 PM
 #182

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?
It's a coincidence, I don't think there's a connection between the dollar and bitcoin. You would have said that the sanctions have any influence on bitcoin. No, I Think it's a coincidence of parallel growth.
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August 17, 2018, 05:42:12 PM
 #183

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?
It's a coincidence, I don't think there's a connection between the dollar and bitcoin. You would have said that the sanctions have any influence on bitcoin. No, I Think it's a coincidence of parallel growth.
you are right. maybe it depends on the condition. but it could be related, because when many people invest in bitcoin using dollars, of course it will make the price of bitcoin rise to greater. but, it returned to its condition.
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August 17, 2018, 05:55:16 PM
 #184

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?
It is certainly good that Dollar is growing but I'm thinking that it would never have an ability to grow as large as bitcoin though sometimes for example $1,500 in one night, few days ago as it was.

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Wall_Streeet
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August 18, 2018, 09:20:47 AM
 #185

the dollar can affect bitcoin, and bitcoin will not be able to the dollar, because there is still no such volume to shift the dollar at least by
newbie-hero
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August 18, 2018, 01:55:02 PM
 #186

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

Yes, I suppose it can affect the price of Bitcoin. Now Trump said that dollar has become stronger, and as I see, the crypto market started to recover. I know that the crypto will never replace USD but they are connected.
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August 18, 2018, 02:06:29 PM
 #187

This is just a coincidence in my opinion, and you also have to know that bitcoin is trading against the dollar, therefore in reality when bitcoin increases, bitcoin must fall. But a lot of positive news hit the dollar market and the bitcoin market and that is why it seems to move in the same way.
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August 21, 2018, 07:19:32 AM
 #188

the volume of cryptocurrencies is still so small to influence the growth of the dollar. I think it's just a coincidence.
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August 21, 2018, 07:43:34 AM
 #189

Yes, the dollar will not only affect Bitcoin, but also the currencies of all countries. But it will all end. In the next 10 years, the dollar economy will collapse and the world needs a more balanced economic development.
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August 21, 2018, 11:20:56 AM
 #190

Now the dollar is not growing, the USD index is in the range of 95, so we can say now stability, everything will depend on the decision in relation to China's sanctions and relations with the EU.
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August 21, 2018, 11:37:02 AM
 #191

strengthening dollar prices certainly makes the price of bitcoin corrected because the owner of the (American) dollar has a very strong influence in the movement of bitcoin prices, and the country has a lot of news that bitcoin is not well received by the government there
gunhell16
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August 21, 2018, 11:42:39 AM
 #192

the price of bitcoin is equal to some USD,
the rise of bitcoin is due to the demand of the people in the community.
it is not depending on the dollar pump.


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BTC_BTC
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August 21, 2018, 01:06:38 PM
 #193

no, dollars and bitcoin are not bound at all.
both are in place and have their respective uses, the dollar does not affect bitcoin and vice versa.
vachellie
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August 21, 2018, 01:31:42 PM
 #194

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?

It's just coincidence, the two currencies are not connected at all. Like we all know bitcoin prices is fluctuation not like dollar or other fiat currency who have more stable than bitcoin.
cryptoalfs76
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August 21, 2018, 02:21:19 PM
 #195

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?

Actualy there was a certain point thats once a dollar is increase the value of bitcoin woulds also been affected and rise,therefore in my own thought this is not a coincidence,because there is a certain relevant in terms of price  value of bitcoin to dollar money,if you look up the currency market,there is a equivalent value of dollar into bitcoin figures.

sultanGol
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August 21, 2018, 02:31:28 PM
 #196

I would say it is probably just a coincidence. The dollar is far not as volatile as Bitcoin, and so a small change in dollar's price would not effect Bitcoin directly, IMO.

kenlyresuello08
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August 21, 2018, 03:06:59 PM
 #197

Better use fiat not dollar.
Fitrilalala
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August 21, 2018, 05:44:19 PM
 #198

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 believe there is a broad things and not only dollar price that affect the value of cryptocurrency. I believe how the community and investors take the problem that affect the value of bitcoin. If they doing okay i believe bitcoin will rise up and if they think its bad problem so the bitcoin will going down. Its really wide to understand what affect the market. All economic things and politics also could affect the value of bitcoin.

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rancidgash
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August 21, 2018, 06:40:54 PM
 #199

I would say it is probably just a coincidence. The dollar is far not as volatile as Bitcoin, and so a small change in dollar's price would not effect Bitcoin directly, IMO.
For me is the same, bitcoin price moves its own ways and dollar has nothing to say about that, it was so many times that dollar went down/ up and bitcoin done nothing.
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August 31, 2018, 10:29:13 AM
 #200

Given that people who are not from USA buy dollars in order to exchange it for Bitcoin, the rate grows. International use of dollar makes it very influentional on the crypto market.
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