The dollar affects Bitcoin?

[DisturbedRTX]

Where did you find the relationship of the dollar and bitcoins? The only connection is the cryptocurrency rate itself. The course is affected only by Bitcoin capitalization.

[yohananaomi]

This is just coincidence as bitcoin is decentralized and the dollars future has nothing to do with bitcoin but bitcoin will always affect the situation of dollar every time bitcoin will rise. Since bitcoin is always jumping beyond the dollar's wall.

The direct relationship doesn't seem to be between bitcoin and dollars, because it's obviously different in its use, so I really agree with you, maybe it was just a coincidence at that time. bitcoin is very specific and it can go up or down not because of the dollar, but one of the causes can only be due to the sentiment of information from the media and from investors. bitcoin can soar very high later.

[trader34]

This is just coincidence as bitcoin is decentralized and the dollars future has nothing to do with bitcoin but bitcoin will always affect the situation of dollar every time bitcoin will rise. Since bitcoin is always jumping beyond the dollar's wall.

The direct relationship doesn't seem to be between bitcoin and dollars, because it's obviously different in its use, so I really agree with you, maybe it was just a coincidence at that time. bitcoin is very specific and it can go up or down not because of the dollar, but one of the causes can only be due to the sentiment of information from the media and from investors. bitcoin can soar very high later.

I agree with this idea. I do not think Bitcoin and the dollar are related to each other. Bitcoin is still a nascent currency and a market at the beginning, so high volatility is normal, such as the strong rise in prices and the following collapses.

Probably when the crypto market will be more mature, it will be subject to lower volatility.

[shesheboy]

Where did you find the relationship of the dollar and bitcoins? The only connection is the cryptocurrency rate itself. The course is affected only by Bitcoin capitalization.

Thats right  . btc is generally measured in usd , thats why they have a relation .  if usd drops , btc also drops because people loose some cash .  

Lets not forget that btc can be also measured in other local currency depending on what wallets you are using but then again  , every local currency are always tied tup to usd because usd is still the general money  .

Usd isnt highly volatile like cryptos  .  it can only decrease or increase a verry small increments  .   its not life  threatening at all when usd drops  .

[sijonru]

This is just coincidence as bitcoin is decentralized and the dollars future has nothing to do with bitcoin but bitcoin will always affect the situation of dollar every time bitcoin will rise. Since bitcoin is always jumping beyond the dollar's wall.

In my opinion the development of rising or falling dollar prices, especially the USD has an influence on the price of bitcoin but is not significant. Independent bitcoin prices, meaning up or down because of the influence of the bitcoin market itself, which depends on supply and demand.

[wendiar19]

some time ago bitcoin and the dollar had no connection at all but at the moment it looks like the usdt has started to be created and the price of usd will always be equalized by the price of bitcoin, and now they are interrelated and not like before before usdt was created.

[hxtop]

The dollar has an active role in determining the price of many investment instruments and fiat currencies. It would not be wrong to say that there is a linear correlation between the dollar and bitcoin prices.

[Kolua20]

Well, if you judge, you can understand that Bitcoin depends on:
1) demand / supply in the market
2) USD prices
So the dollar affects Bitcoin, but I would say that it is an indirect influence.

[cryptjh]

The more money the central banks print, the higher the value of Bitcoins can be, the FIAT money printing in 2017 was extreme and the Bitcoin price went bullish. As long as people think they can store wealth in Bitcoins the price of bitcoins will continue to be high.

[horrifiedx1]

The more money the central banks print, the higher the value of Bitcoins can be, the FIAT money printing in 2017 was extreme and the Bitcoin price went bullish. As long as people think they can store wealth in Bitcoins the price of bitcoins will continue to be high.

maybe it can make a reference that many people save funds in bitcoin in anticipation of inflation due to the increase in fiat money printing. so by investing their funds in bitcoin they will be profitable multiplied, without being affected by inflation. we can see that after 2017 there are many interesting funds from bitcoin, until now

[awawo]

It call redistributive return once the price of dollar increase it will also reflect on the price of bitcoin because the two currencies work hand in hand. Once the dollar grows we all gain profits with our bitcoin, that is the inflation and deflation of bitcoin and it depends on other currencies on the exchange.

[bounceback]

It call redistributive return once the price of dollar increase it will also reflect on the price of bitcoin because the two currencies work hand in hand. Once the dollar grows we all gain profits with our bitcoin, that is the inflation and deflation of bitcoin and it depends on other currencies on the exchange.

it only affects the profit for the holder, but does not really affect the important momentum that determines the increase in the price of bitcoin.

especially now that Tether coins have appeared using usd prices. for the future it will not have an impact on the price of bitcoin in determining momentum, usd will only play a role in conversion.

[septi.JR]

my mind is very different, both currencies are on different paths, USD is real money and also traded, but BTC is a digital currency and BTC is also traded, I have never met, if the dollar price is high, BTC prices are also high, maybe threads You are just a coincidence, when the USD price is high, BTC also has a high price, I take the example when the price of BTC is high in 2018, but at that time the dollar price tends to be stable and the dollar price does not affect the cryptocurrency price

[daarul50]

I think this is a coincidence because when viewed from the graph the movement of bitcoin in the market is saturated so there is a small jump that occurs in the price of all crypto. But, we can also consider this as a sign of a trend reversal because we have experienced a long downtrend.

[beckspace]

The dollar affects all financial markets in the world. In my opinion, it isn't true to say that this would not affects the Bitcoin market. The movements in the dollar affects the investors, thus have an indirect effects on Bitcoin investments.

[Botnake]

The dollar affects all financial markets in the world. In my opinion, it isn't true to say that this would not affects the Bitcoin market. The movements in the dollar affects the investors, thus have an indirect effects on Bitcoin investments.

Well no question it could since dollar is one of the most powerful currency in the world.
Bitcoin and crypto is just a small currency compared to dollar, it's adoption is all over the world while we haven't get a decent number of adoption
yet, those who have BTC also has dollar and not all dollar earners are BTC investors, let's just put it that way.

[Menawi12]

my mind is very different, both currencies are on different paths, USD is real money and also traded, but BTC is a digital currency and BTC is also traded, I have never met, if the dollar price is high, BTC prices are also high, maybe threads You are just a coincidence, when the USD price is high, BTC also has a high price, I take the example when the price of BTC is high in 2018, but at that time the dollar price tends to be stable and the dollar price does not affect the cryptocurrency price

I am agree, US Dollar traded in by every banks in the world and i dont see the direct relation with bitcoin market. Bitcoin price increasing perhaps because many positive sentiment in market and could be a sign of recovery

[dongyi17]

Is it true?!.. It's like domino effect, when one is up then the other goes up too!~..well.. I guess t really has an effect because they're both currency, if the dollar is for the world market bitcoin then is for crypto market, both has similarity and differences but both affect each currency, and the profit of each investor.

[TelolettOm]

The dollar still affects the price of bitcoin. because basically the current value of bitcoin is also based on the dollar and if there is a negative sentiment towards the bitcoin dollar it will get a decline as well

[whirlcoin]

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?

will Bitcoin will not affect the price of USD kill the people using both them equally because when the peoples are came to the use of bitcoin the value will definitely effect and that country currency so it can be here changeable one.