Dollar rises in Indonesia, what is the economic fate?

[bangkit tri]

~snip~

I don't know how young are you, but I have seen worst economic situations in my country that even topple a dictatorship. Worst, after 30 years, the country is still in financial crisis and dollars per local fiat is rising.

I can't say what would be the economic fate of Indonesia because as neighbor nations, I wish that everything will not be in chaos (might be a coup-d-etat, new government form but then the problem still persists), and I guess the sitting government should do everything at their power to avert another financial crisis. If your question is, will this affect crypto? I will say no, it wouldn't put a significant dent on the price, but Indonesians can run to crypto to leverage their wealth until the government find a way to prevent the disaster.

I really agree with your words, maybe a reasonable alternative if they ran to crypto to reduce the disaster experienced in Indonesia today.
Because using crypto is very helpful for the economy in Indonesia, especially those who have a low economy.

i think we are helped now because crypto campaign, so that with us joining, it will get a lot of money. and for the cryptocurreny, i think the government has given a signal even though it has not decided yet

[nambunamba]

I think that not only Indonesia's currency is weakening, but there are so much countries which currency is weakening, it is caused by the US and Chinese trade war is heating up again, many countries become victims from the impact of that trade war

Yes almost all country become the victims, its just dollars that get stronger and i do think it also makes bitcoin become weak, and people choose to invest and hold dollar rather than cryptocurrency.

[Moblie_Legend]

The animal feed industry is a component of 75-80% (imports). One example of the most affected raw material is soybean meal, it is imported from Argentina and Brazil. This commodity is not only affected because of the rising dollar but also the international market also rises, so this has fallen down the stairs

[Bakul_cacing]

In Indonesia, the dollar rises while the Rupiah weakens, if the dollar rises why Bitcoin Prices do not rise.

Look: The dollar is rising, in Indonesia it can't overcome the problem of a stable dollar, now in Indonesia is experiencing Chaos, many people and even Students are Demonstrating against the Government, so that the dollar price cannot go down,

What about the economic fate in Indonesia, will it continue to experience chaos?

not only in Indonesia, which experienced the chaos of the dollar increase, some countries also experienced the same thing and for the price of bitcoin itself does not depend on the dollar even though the dollar price rises, because the price of bitcoin does not refer to the dollar price

[Supercrypt]

Bitcoin automatically increases in Indonesia by that logic, it means even if bitcoin stands stills, Indonesian person will have profits and make money from the increase in the dollar value.

Same happened in Venezuela and turkey as well, those people who kept bitcoin made profit thanks to dollar increasing in price, keeping bitcoin helps in those cases as well and cashing it out is a lot easier than cashing out dollar in places like that because governmental regulations but when you have bitcoin that means you can cash it out in one way or another at worst you can cash it from OTC prices.

[maksimukr1989]

The fact that the dollar is growing,will not affect the economy of Indonesia.Indonesians now you should think about purchasing bitcoins.

[andrei56]

In Indonesia, the dollar rises while the Rupiah weakens, if the dollar rises why Bitcoin Prices do not rise.

Look: The dollar is rising, in Indonesia it can't overcome the problem of a stable dollar, now in Indonesia is experiencing Chaos, many people and even Students are Demonstrating against the Government, so that the dollar price cannot go down,

What about the economic fate in Indonesia, will it continue to experience chaos?

We know that the price of bitcoin in terms of fiat is mostly denominated in US dollars so if as you say the dollar is raising against the local currency of Indonesia then the price of bitcoin is rising as well, I do not know the precise conditions in Indonesia but it's likely that something similar to what happens in other countries could happen there as well, the dollars are going to become more difficult to get and people are going to try other ways of preserving their wealth including bitcoin and that will make the price to go up.

[jcojci]

In Indonesia, the dollar rises while the Rupiah weakens, if the dollar rises why Bitcoin Prices do not rise.

Look: The dollar is rising, in Indonesia it can't overcome the problem of a stable dollar, now in Indonesia is experiencing Chaos, many people and even Students are Demonstrating against the Government, so that the dollar price cannot go down,

What about the economic fate in Indonesia, will it continue to experience chaos?

As long as the Indonesia government can control the economy and they always thinking about solving the problem, I believe their people can accept this. We know that not just Indonesia that get this problem but the other country is also the same problem, and I think every state still trying to solve the problem by doing many things especially to survive in the hard situations. I don't believe that it will continue to the chaos situations because so far, the Indonesian government still trying to push the Rupiah not to rise too high.

[Mhd-Bobbi]

~snip~

I don't know how young are you, but I have seen worst economic situations in my country that even topple a dictatorship. Worst, after 30 years, the country is still in financial crisis and dollars per local fiat is rising.

I can't say what would be the economic fate of Indonesia because as neighbor nations, I wish that everything will not be in chaos (might be a coup-d-etat, new government form but then the problem still persists), and I guess the sitting government should do everything at their power to avert another financial crisis. If your question is, will this affect crypto? I will say no, it wouldn't put a significant dent on the price, but Indonesians can run to crypto to leverage their wealth until the government find a way to prevent the disaster.

I really agree with your words, maybe a reasonable alternative if they ran to crypto to reduce the disaster experienced in Indonesia today.
Because using crypto is very helpful for the economy in Indonesia, especially those who have a low economy.

i think we are helped now because crypto campaign, so that with us joining, it will get a lot of money. and for the cryptocurreny, i think the government has given a signal even though it has not decided yet

How could the Indonesian government legalize Crypto, of course in Indonesia it still uses official currency that already has a legal basis, last year the government did not legalize crypto, because the basis for using crypto currency was not in government law.
But to help Indonesians use crypto secretly without being noticed by the Indonesian government, it would be better, yes, this is very helpful to continue their economic needs.

[jonatuzc]

I think it's not only Indonesia but there are some countries that have problems like Indonesia Hopefully our country does not experience a crisis like in the past and it is true that the pressure on the dollar will have a bad impact on our country.

There are so many countries out there having this issue and certainly not only Indonesia. They always say in my country that when two elephants are fighting, the grasses will always be the ones to suffer it. This is one thing that the trade war between two giant countries can bring about.

However, I really do not see how this should be a problem for those who are smart, and they should always know better how to hedge their funds to at least retain its value for such occasions arising, but people just never learn except to complain over things they can change rather than waiting for their government.

[gtglener]

When we compare two currencies then it is easily understand and i think that it is because of the Dollar which is the international currency people are using it for many ways and if it is rise in Indonesia and it is also in our country because our currency is devalue as compared to Dollar while in future many industries will realize that Dollar functions can perform by Crypto as well.

If you say that the dollar can work with Crypto, does Crypto have a relationship with the dollar?
And why doesn't Crypto rise if the dollar rises?
This question is strange, but research also needs to be done so that Crypto is exactly the same as the dollar.

The only relationship crypto has with the dollar is if you only want to tag it with the dollar and being a decentralized space, it is going to be hard for any centralized currency to have a strong hold on the crypto space. Secondly, there is no amount of research that can be done which will make crypto the same as dollar.

I guess you are really mixing a lot of things up here and you still have so much to learn about the cryptocurrency space. This is a decentralized space; Fiat is another space on its own which is centralized, so they are totally not in the same category of currencies.

[katrimans]

I think it's not only Indonesia but there are some countries that have problems like Indonesia Hopefully our country does not experience a crisis like in the past and it is true that the pressure on the dollar will have a bad impact on our country.

Actually countries like Indonesia are passing through the weak financial condition in the history. Unlike Malaysia-which is progressing at an accelerated pace-Indonesia due to weak institutions and corrupt mafia has suffered a lot and this is the reason of sanctions been imposed on them.

As a result the value of the national currency that is Indonesian Rupiah went down thereby rising the value of dollar. This can be resolved if the country reduces its imports, produce more and more within its geographical boundaries and export more.

[awik p]

I think it's not only Indonesia but there are some countries that have problems like Indonesia Hopefully our country does not experience a crisis like in the past and it is true that the pressure on the dollar will have a bad impact on our country.

Actually countries like Indonesia are passing through the weak financial condition in the history. Unlike Malaysia-which is progressing at an accelerated pace-Indonesia due to weak institutions and corrupt mafia has suffered a lot and this is the reason of sanctions been imposed on them.

As a result the value of the national currency that is Indonesian Rupiah went down thereby rising the value of dollar. This can be resolved if the country reduces its imports, produce more and more within its geographical boundaries and export more.

right, but the problem is not that easy to reduce import of materials that are needed every day. like for example soybeans, every day we eat tempeh. i think this requires awareness from all people to reduce their consumption

[Mhd-Bobbi]

I think it's not only Indonesia but there are some countries that have problems like Indonesia Hopefully our country does not experience a crisis like in the past and it is true that the pressure on the dollar will have a bad impact on our country.

Actually countries like Indonesia are passing through the weak financial condition in the history. Unlike Malaysia-which is progressing at an accelerated pace-Indonesia due to weak institutions and corrupt mafia has suffered a lot and this is the reason of sanctions been imposed on them.

As a result the value of the national currency that is Indonesian Rupiah went down thereby rising the value of dollar. This can be resolved if the country reduces its imports, produce more and more within its geographical boundaries and export more.

right, but the problem is not that easy to reduce import of materials that are needed every day. like for example soybeans, every day we eat tempeh. i think this requires awareness from all people to reduce their consumption

Yes, you are right, import needs are also very needed from several countries, because every country will need it according to the needs that are not available in their respective countries.

[Indrawan77]

The price of dollar and the price of bitcoin doesn't related at all, each of them got their own market, so the rising or falling of dollar wont have any effect on crypto, and the government need to do something to strengthen the economic, as citizen we can help by reducing import items, but not many people care about the situation, most of the people see this as an opportunity to earn and that makes the situation become worse

[TheUltraElite]

The fact that the dollar is growing,will not affect the economy of Indonesia.Indonesians now you should think about purchasing bitcoins.

Bitcoin is not the magic pill to every problem in the world. Do you think the people native to Indonesia are rich enough to buy bitcoins? Because if you calculate the average earning of a middle class family then you will notice that they are not in a position for buying any crypto without months of saving and if they do that think of what will happen to their daily spending for daily necessities.

The fact that such problems arise can be blamed to the government. Only they can control the law and order and money laundering - but they wont because they are themselves involved in it. Mostly the mafia running every country in the world the governments are just pawns in their hands.

[fauzan Ichsan]

The price of dollar and the price of bitcoin doesn't related at all, each of them got their own market, so the rising or falling of dollar wont have any effect on crypto, and the government need to do something to strengthen the economic, as citizen we can help by reducing import items, but not many people care about the situation, most of the people see this as an opportunity to earn and that makes the situation become worse

indeed some people seek personal gain, not all have the spirit of nationalism. with clean governance, i think this can be overcome by taking steps as you mentioned, so that the country's economy can improve

[ict]

Although the value of the rupiah against the dollar fell, the economy in Indonesia continued to grow by 5.2 percent, said the finance minister in Indonesia. in my opinion, the value of the rupiah plummeted will affect the trade sector, especially goods imported. traders will need large capital to run their business. and the price of fuel oil will increase, so that the price of food needs will increase. so the cost of living for the community will increase.

[Dimon8]

Now in many countries of the world the national currency against the dollar is weakening. I think against this background, in these countries, American capital will flow into the economies of these countries.

[NH]

bitcoin price depend by demand's people. if dollar's price rise, im not sure bitcoin in Indonesia will rise too.
for the economy is about how government control their economy, its not about how bitcoin effect for that country. some people will say that he is find thought dollar value is increase, just lower class society can feel it