The dollar affects Bitcoin?

[Janation]

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

The price of Bitcoin is not affected by the price of the USD. Yes, Bitcoin's value or price is usually on USD but that doesn't mean that it all relies on the USD since when USD changes, BTC will move.

But I think when the USD price moves, the price of BTC moves depending on the change of USD but still the value of it is still the same. So I don't think that it affects BTC's price.

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[maminelly]

US dollar value is rising very slowly compared to the bitcoin price increase.the USD price movement has some little impact over bitcoin,but would say are other factors,that are pushing the btc price up and have to determine them....

[taliwang]

I think the dollar will not be able to make a definite influence on the condition of cryptocurrency prices like bitcoin because this bitcoin has a pure movement from the demand and the effect of a very limited total supply.

[laracastvue]

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 own opinion yes it will affect the price of dollars because if bitcoins has more demand then the value of dollars will be surpassed by bitcoins in the future just like other countries fiat.

[Caelanpelley]

Of course, the dollar affects the price of bitcoin. Because bitcoin exchanges are paid in dollars. So if the dollar price increases then the bitcoin price also increases. This is a very good sign. I hope good signal from bitcoin.

[BTC_BTC]

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's just a coincidence, because cryptocurrency is not bound to fiat currency at all. whether it's a euro dollar or something.

[lendahawkins]

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 for sure charlie lee do say it does affecting bitcoin price. I do think the biggest market of cryptocurrency is on US. So i believe it does have a big effect on crypto.

[junglist.massive]

More price increases to Dollar inflation, not to the demand for Bitcoin. It’s Bitcoin that can affect the price of other currencies, digital currencies. Maybe that increase is just a coincidence that happens from many possibilities and there’s probably a news that just lift up both currencies together.

[CPetersson]

I think there is a connection between fiat and cryptocurrency, and dollar affects on bitcoin. On the other hand bitcoin has many other factors and we can't foresee what and how affects on bitcoin.

[Sled]

If the inflation rate on dollar will go to a higher rate then it will affect bitcoin and it will cause a huge jump on the price of bitcoin. The price of bitcoin depends on the rate of the dollar and the performance of the other economy because that is where the money of the investor are coming from so if the economy is doing good then the performance of bitcoin will also become good.

[Friskaadew]

i think their will be impact if dolar rising to bit coinsbecause investor buy coin with a dollar so if dolar rising then the purchasing power of investors will increase

[cherryfer]

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 in the  beginning is the price volatile there is inflation and deflation we all know that in besides all of this circumstances is reflected by the  in and out investor so dollar is not responsible the price of bitcoin bubble.

[Renampun]

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?

actually, the dollar has nothing to do with Bitcoin, and Bitcoin is a decentralized cryptocurrency that increases and decreases prices depending on purchases and sales, but it could be that Bitcoin is bought by many traders who profit from the rise and fall of the dollar thus making the price of Bitcoin go up.

[KorakPawon]

It's not a coincidence I guess. As we all know that dollar is always affect everything and anywhere, especially people's need, so it's not a surprise if dollar value rising, the price of bitcoin will follow as well.

[Tigorss]

Growth bitcoin is not related to the growth of the dollar. It's just a coincidence.

That is the point. If it is the case, then how bitcoin has flourished in different countries. Like now in Zimbabwe, dollars is equal to some billions of local currency. Here, how can you say bitcoin is going down and its bear run? This really needs to be understood that bitcoin is independent of any currency. Only this situation makes the difference and keep bitcoin amazing.

indeed many think that the dollar affects the price of bitcoin, but in fact it is not at all, if the increase in the dollar price can be said to be an influence on the increase in the price of bitcoin is actually just a coincidence, because indeed in a forum a payment campaign will refer to the dollar but up and down the price is not affected by the dollar.

[EddyGameta]

Bitcoin and the dollar are moving in the same direction at the same time, a coincidence that happens only a few times, it’s very clear to see the both price chart the currency didn’t go to the same direction because it has a different market or scope. This coincidence happened because both currencies are responding to the same issue with a positive response.

[devinks]

Growth bitcoin is not related to the growth of the dollar. It's just a coincidence.

That is the point. If it is the case, then how bitcoin has flourished in different countries. Like now in Zimbabwe, dollars is equal to some billions of local currency. Here, how can you say bitcoin is going down and its bear run? This really needs to be understood that bitcoin is independent of any currency. Only this situation makes the difference and keep bitcoin amazing.

indeed many think that the dollar affects the price of bitcoin, but in fact it is not at all, if the increase in the dollar price can be said to be an influence on the increase in the price of bitcoin is actually just a coincidence, because indeed in a forum a payment campaign will refer to the dollar but up and down the price is not affected by the dollar.

Bitcoin and dollars are the two currencies that occupy the highest prices. if bitcoin is in the digital world, the dollar is in the real world. surely the dollar affects bitcoin because of the price of bitcoin if it's worth it, the benchmark is the dollar.

[lapongetiasuu]

I think the dollar will not be able to give a very sharp influence from the price of bitcoin, because the price movement of bitcoin is purely from the very high demand.

[Jhonthor]

I think that's impossible. because dillar prices are relatively stable compared to bitcoin prices

[South Park]

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?

The dollar can affect bitcoin, however you need to think clearly about this, if the dollar gets stronger then all the currencies compared to the dollar must go down if compared to the dollar, but if bitcoin goes up when the dollar is up and the growth of bitcoin is higher as we have seen on the last decade then that means that bitcoin is getting stronger and gaining value against all other currencies.