The dollar affects Bitcoin?

[jakagintiri]

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

currencies such as dollars should not be able to influence the movement of bitcoin prices because the dollar with bitcoin has a very clear difference, and what can influence the price of bitcoin is only the influence of the interaction between buyers and sellers in the exchange.

It is obvious the dollar has an effect on bitcoin, after all a popular currency to exchange bitcoin for fiat is the dollar but I see them as adversaries, if the dollar is doing well then the are is not a reason to use bitcoin for most people since they can use the dollar for whatever they want but if the dollar is in some trouble then there is a chance for the price of bitcoin to go up since people will be looking for alternatives.

It is clear that bitcoin has a close relationship with the dollar, so the dollar can be said to affect the price of bitcoin. Cryptocurrency and fiat are basically fluctuating when on the market, but the level of cryptocurrency fluctuations is certainly higher than fiat. The dollar is the main standard for exchanging cryptocurrency. Therefore, if the dollar has a problem it will certainly have a good effect on the price of bitcoin.

[jcarlo]

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

currencies such as dollars should not be able to influence the movement of bitcoin prices because the dollar with bitcoin has a very clear difference, and what can influence the price of bitcoin is only the influence of the interaction between buyers and sellers in the exchange.

It is obvious the dollar has an effect on bitcoin, after all a popular currency to exchange bitcoin for fiat is the dollar but I see them as adversaries, if the dollar is doing well then the are is not a reason to use bitcoin for most people since they can use the dollar for whatever they want but if the dollar is in some trouble then there is a chance for the price of bitcoin to go up since people will be looking for alternatives.

Direct relation, i dont think dollar give effect to bitcoin price. When The Fed rising interest rate, bitcoin price not affected. Crypto market affected on fundamental or psychology market. I think its about network security and regulation. Both factor give big effect to crypto price

[Botnake]

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 changes and price fluctuations due to trade movements using crypto and fiat currencies do not affect the bad price and crypto currencies will experience a fairly good development going forward.

It could affect but there is not permanent effect, it changes from time to time so that depends on the type of changes whether it's a positive
or negative one. Crypto is more volatile that's why day traders are loving it, and also those who wants to hold can position themselves this early.

The future is good for crypto, at least that's what we believe and we will also have our faith on it.

[XFlowZion]

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 very easy to understand that it's just a coincidence. The price of bitcoin is controlled by demand while the dollar's value is based on the  inflation and economic growth. Even US does have a lot of money, it's not enough and main adoption is still what we need.

[karloscimot]

Due to the fact that both are rising I dont think there is a coincident. If one currency depends on the other typically one falls if the other rises. You can see this looking at altcoins at the moment. Most of them bleed due to bitcoins price explosion.

The value of a Bitcoin currency is not affected by any currency. which can affect the price of bitcoin is the market player, if market demand rises then the price will automatically rise, but conversely if the market demand decreases, the price will also decrease. so the price of bitcoin is not the same as the currency of a country that can be influenced by the country's policy.

[mbluxs]

Very influential. because the dollar at the moment is a lot of bitcoin exchanges and of course if the dollar experiences the problem of bitcoin itself will also get an effect. many economic sectors that will be affected are not just bitcoin

[Douglasyukanov]

world transactions experienced a surge so that the international dollar currency experienced an increase in prices for all world economy trade covering the digital sector,
Bitcoin can experience price increases following the dollar with the level of influence on investors who buy and sell for the dollar against other Bitcoin and crypto.

[horrifiedx1]

Very influential. because the dollar at the moment is a lot of bitcoin exchanges and of course if the dollar experiences the problem of bitcoin itself will also get an effect. many economic sectors that will be affected are not just bitcoin

at least the correlation between the two is related. we know that between dollars and bitcoin is a pioneer currency, so both have their respective roles, when the dollar goes down, it will certainly affect the economy of the whole world, so that the downturn in the crypto market will occur

[Ozero]

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?

No, there is no direct relationship between the price of bitcoin and the dollar. They do not depend on the price of each other. Indirectly, it matters, because everything in this world should have a price ratio with each other. Therefore, if bitcoin grows in price, then more dollars are needed to buy it, and therefore it seems to be falling compared to bitcoin. However, this is at first glance, because the value of Bitcoin is simply taken into account.

[Bezobraznike]

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?

No, there is no direct relationship between the price of bitcoin and the dollar. They do not depend on the price of each other. Indirectly, it matters, because everything in this world should have a price ratio with each other. Therefore, if bitcoin grows in price, then more dollars are needed to buy it, and therefore it seems to be falling compared to bitcoin. However, this is at first glance, because the value of Bitcoin is simply taken into account.

    There isn`t direct link between currencies, any kind, but one currency can affect others.
This is one site where you can see some correlation between currencies:
-https://www.mataf.net/en/forex/tools/correlation
   Ozero you have a point. Correlation between crypto-currencies and fiat-currencies exist,
and it`s very complex. Eventually crypto-currencies will overtake fiat-currencies, it`s my
vision of future.

[Thanasis]

world transactions experienced a surge so that the international dollar currency experienced an increase in prices for all world economy trade covering the digital sector,
Bitcoin can experience price increases following the dollar with the level of influence on investors who buy and sell for the dollar against other Bitcoin and crypto.

Dollar is not an international currency,but it have high affect on the orice of bitcoins because normally the price of bitcoin denoted in the dollar.But bitcoin is actually created to overcome centralised currency like dollar so training it against USD will keep the botcoin as volatile coin.

[Glorious04]

Dollar value has risen and fallen already in the year 2018 but the value of bitcoin continued to decline, so it is just a simple and clear indication that the 2, bitcoin and dollar has nothing to do with each other aside from they are converted one to another based on the decided price for each of them.

[satriagedhe]

nope i guess , bitcoin and dollar are on different aspect like bitcoin and gold , so it wont affect each other IMO

[randyg29]

I think it cannot affect the value of Bitcoin even it falls down because as I noticed in past year of 2017 even the value of dollar doesn't increase the value of Bitcoin totally in the highest value in the history of the market. And I think it is just a coincidence that they both increase their value in the same time.

[jcarlo]

world transactions experienced a surge so that the international dollar currency experienced an increase in prices for all world economy trade covering the digital sector,
Bitcoin can experience price increases following the dollar with the level of influence on investors who buy and sell for the dollar against other Bitcoin and crypto.

Dollar is not an international currency,but it have high affect on the orice of bitcoins because normally the price of bitcoin denoted in the dollar.But bitcoin is actually created to overcome centralised currency like dollar so training it against USD will keep the botcoin as volatile coin.

US Dollar is international standart because most commodity price always in US Dollar. Most country in the world using US Dollar as reserve and thats make The Fed able to print money as they want. Bitcoin dont have direct relation with US Dollar because every economic data from US Government not give big effect to bitcoin price. Its true bitcoin price always fluctuating, maybe its because not regulated yet by most government in the world

[Tramle091296]

Its only a coincidence bitcoin and USD has different use and we cant compare to both of them. USD is a cash that uses for our daily needs, expenses. And bitcoin is a digital currency its like the use the first one but it uses internet and more accesible to everyone. It wont affect each other because all of the people uses them in differents a lot of ways. And if bitcoin affects the dollars then the price of it will fall also but as we can see the dollar stay on its price.

[A L I E N]

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 it affects bitcoin because the dollar is still a reference to how high the value is if it is exchanged into fiat currency.

I guess the fall of USD can affect the price of Bitcoin and the altcoins. They can become cheaper. naturally, these are very few chances to see these events very soon, as many people still trust the dollar.

[sirminesalot]

All currencies or digital money affect each other. If the dollar falls, the bitcoin will also be affected because the investor uses dollars to buy bitcoin, which in turn causes the bitcoin price to fall affect

the price and value of the dollar can influence the bitcon currency and crypto currency can not influence the value and price of fiat or dollar currency therefore we as investors must have confidence in investing

[PuertoLibre]

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 it affects bitcoin because the dollar is still a reference to how high the value is if it is exchanged into fiat currency.

I guess the fall of USD can affect the price of Bitcoin and the altcoins. They can become cheaper. naturally, these are very few chances to see these events very soon, as many people still trust the dollar.

The cheap USD boosts the buying power of customers and this indirectly affects to price of cryptocurrencies. Honestly, there are no alternative options for the crypto community except buying the cryptos with fiat money in my opinion. 

[mersal]

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?

definitely it will be a coincidence and there is no other connection between the dollar increases and decreases of Bitcoin so my open anus there is something changes will happen is not related to Bitcoin and it will need to be cleared before taking any decision.