Dollar rises in Indonesia, what is the economic fate?

[denuhaqiqi]

bitcoin does not refer to dollar prices, but the rise in the dollar not only affects Indonesia but also other countries in the world.
The weakening of the rupiah against the US dollar was the impact of external factors, namely the strengthening of the US dollar, rising interest rates on US Treasury bonds — US treasury — above 3 percent, and market anticipation of a possible increase in the Fed Fund Rate interest rate. reference to the Central Bank of the United States. Moreover, most of the foreign debt carried out by the government and the private sector is in the form of US dollars. The weakening of the rupiah has pushed up demand prices because it can affect people's purchasing power.
However, I think Indonesia will be able to survive this situation.

[kokobaba880]

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.

[Cojiro]

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?

haha I think you are overreacting in responding to the dollar problem in our country, remember The dollar rose because of the effects of the trade war of two world economic giants namely the USA and China, both dollars rose because American investors pulled their dollars from each country to return to America because of the dollar printing policy in 2009 by central American banks (CMIIW )
and our country is fine, be a critical person but remain intelligent in criticizing

[1Referee]

I believe this is a worldwide effect while america is doing better regarding economy

The US dollar is the base currency of the world, it doesn't increase or decrease in value against other fiat currencies. It's pretty much the same with how Bitcoin is the base currency in the crypto world. Bitcoin's BTC value doesn't increase or decrease either, the other currencies do.

The point is that as long as we believe that something is a base currency, the underlying economy or network in Bitcoin's case doesn't necessarily have to perform well. People for once just need to stop saving up their entire net worth in one specific fiat currency. It has always resulted in problems during bad economical times, so why are most people still not taking the necessary actions by hedging their native fiat currency?

This is one of the main reasons why the gap between rich and poor keeps growing larger. They don't act but just complain about governments and wait for them to force through improvements, which will never happen. Get off that lazy ass and stop playing victim.

[randythered]

You're considering 3 separately priced things. Just because the price of one falls against the other does not mean that it will also fall versus the 3rd option. There are a few scenarios in which the dollar can appreciate against the rupiah (all examples will be in absolute terms):

Dollar value increases, rupiah value increases, but dollar increase outweighs that of rupiah.
Dollar value increases, rupiah value stays the same.
Dollar increases, rupiah falls.
Dollar stays the same, rupiah falls.
Dollar falls, rupiah falls but dollar falls less than rupiah does.

From this you can see that in scenario 1 rupiah value can increase so if BTC value remained static the rupiah would appreciate versus the dollar. This is also excluding any scenarios in which BTC value falls.

[qwerty12]

Yes, in Indonesia, the dollar rose while the rupiah weakened. Most likely, the rupiah will continue to weaken, and investors will continue to put an eye on the currencies of developing countries like Indonesia.

But, even though the Rupiah continues to weaken, it does not mean that Indonesia will experience a financial crisis again. Even when the rupiah approached its lowest point in the past two decades, it is important to remember that the current economic foundation of Indonesia is very different compared to Indonesia's economic conditions when the financial crisis occurred in 1998.

[ronics]

When we compare the two currencies until the end it's easy to understand everything and for me it's a dollar so the reason for which people's money is being used for them all the way and if it is rising in Indonesia and is also the same in our country because our country's currency will be depreciated against a Dollar while going into the future so many industries know that Dollar actions can create a Crypto.

[maman567]

Maybe raises of USD value will be effect for local money will be drop and have more effect for economic country faced crisis, just hope usd value could crash and make IDR more higher price and could help how drop of economic value.

[wahyu wida]

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?

Actually it's not only in Indonesia. Rising impact of dollars also happen in some countries that caused by economic war among AS and China. It's not really chaotic, because indonesia people are concerned to another event like election. So, the chaos you said will no longer be an obstacle for Indonesia to improve.

and also Indonesia's economy minister, said that downturn was still at a safe level. besides that, hopefully politics in Indonesia runs smoothly so that it will maintain the stability of idr

[Aqcizromencez]

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.

[dewi91]

why is bitcoin price not going up? even though the dollar price rises, this is because the price of bitcoin does not refer to the dollar price, and I think Indonesia will go through a crisis like this, because Indonesia has experienced similar things a few years back and passed safely

Yes dollar price is not related to bitcoin price. I also worried if dollar price continue rising it will make the economy of Indonesia worsen. In a few years dollar price in Indonesia is continue to increase and this year is the worst year. Many company bankrupt and it make the number unemployment growing.

[Mhd-Bobbi]

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.

[Mhd-Bobbi]

why is bitcoin price not going up? even though the dollar price rises, this is because the price of bitcoin does not refer to the dollar price, and I think Indonesia will go through a crisis like this, because Indonesia has experienced similar things a few years back and passed safely

Yes dollar price is not related to bitcoin price. I also worried if dollar price continue rising it will make the economy of Indonesia worsen. In a few years dollar price in Indonesia is continue to increase and this year is the worst year. Many company bankrupt and it make the number unemployment growing.

This is very sad in my country, there are so many things that cause unemployment because of the rising dollar, but I am still grateful that I still have a job in the Crypto world, with this job I can fulfill my daily needs, how about you?

[audaciousbeing]

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?

If dollars is indeed rising, it won't pick just one country to decide to rise rather, it would rise in all the countries in which its a major currency which means the world as it is the widely acceptable currency of transaction in the international market. What is really happening is the Indonesian local currency that is falling and if you take a look at the study very well, it is not only dollar that would be " rising" but every international currency that is predominant in that country and most likely at the same rate in other to forestall a situation of currency arbitrage. So the government over there should get their acts together.

On bitcoin, the 0.01btc would still remain 0.01btc whether dollar rises or not. Where it would be obvious bitcoin price is increasing is if one wants to convert to Rupiah. You would then realise that more rupiah would then be available compared to what was obtainable when the currency was stable. The economic fate of Indonesia would not always be in chaos as its a phase that would soon pass no matter how difficult it for them. Several countries have gone through worse and they came back strong.

[dowellness]

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?

There is no future of dollar.  Everything has the end and soon dollar will be close to its end and it will be replaced by the crypto market.

[Buttermellow]

why is bitcoin price not going up? even though the dollar price rises, this is because the price of bitcoin does not refer to the dollar price, and I think Indonesia will go through a crisis like this, because Indonesia has experienced similar things a few years back and passed safely

Well all of the countries has its own reason why dollar increases but most probably the core reason why this happen is because the US government had established already a strong economic and that includes their new development on industry that creates more job for them.

You must never make false news, I am an Indonesian, until now the economy in the country of Indonesia is fine,

Even if you are an Indonesian you still could not represent that your country is doing fine since the people should be the one to say that there is really something problem with your economy and for that the mostly affected are the poor.

[St4yInTh3D4rk]

Normally Indonesia is one of the country where most of the government officials and the politicians were corrupted so if that means the inflation will happen slowly when the time increases and also the price increase of crude oil in the international market also causing the price fall of local currencies in many countries.But once the price fell then it may hard to recover so it will be their fate unless their governments needs to take some measures to control corruption in their country.

[Kemarit]

~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.

[zero9119]

why is bitcoin price not going up? even though the dollar price rises, this is because the price of bitcoin does not refer to the dollar price, and I think Indonesia will go through a crisis like this, because Indonesia has experienced similar things a few years back and passed safely

Yes dollar price is not related to bitcoin price. I also worried if dollar price continue rising it will make the economy of Indonesia worsen. In a few years dollar price in Indonesia is continue to increase and this year is the worst year. Many company bankrupt and it make the number unemployment growing.

This is very sad in my country, there are so many things that cause unemployment because of the rising dollar, but I am still grateful that I still have a job in the Crypto world, with this job I can fulfill my daily needs, how about you?

Inflation has caused the dollar price to rise and the government continually prints money to balance the economy. This is a repeat of many years of developing countries and Indonesia is among those countries.

[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.