PlusOne88
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“Tackling Climate Change Using Blockchain”
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October 30, 2018, 12:57:24 PM |
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I am hoping as well that dollar will recover because as of this time many countries that have dollar as their secondary currency are affected. Bitcoin values are as well affected and the possibility of affecting cryptocurrency in general is very high. It should be noted that since bitcoin is connected to prices of dollar and bitcoin is somewhat a reference to other currencies as well, everything will work like a chain that affects everything connected to it.
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Vishnu.Reang
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October 30, 2018, 01:22:26 PM |
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From what I can see, Bitcoin has held steady against the USD, unlike most of the fiat currencies. Actually this is good for the future of Bitcoin. Bitcoin will be attractive for more and more people living outside the United States.
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Stedsm
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October 30, 2018, 05:49:44 PM |
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The growth of USD is by far a major reason why we are currently seeing a drawback in the number of investors for crypto markets because it's a currency - something that's physical and could give small, but stable returns. I've been watching this USD since 3 years and this time, it has really picked up too much incredible strength that's powering it to kill almost all currencies (why is by far not so good for forex dealers of partner countries). Due to the fact that the value of USD is strengthening in terms of different currencies (fiat), so are investors mostly investing in USD itself thinking of it to be the ^safe haven^ and when we know that all the alts (including Bitcoin as major one) are seen in USD to calculate their market cap, it is a must for all the alts to stabilize and get to their real values before a new bull run starts.
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STT
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October 30, 2018, 09:30:40 PM Last edit: October 30, 2018, 09:44:37 PM by STT |
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The value of USD is rising only in a perceived or exchange based price. The value of USD to purchase real items is falling as it has done almost every year since it defaulted on a promise to pay gold in exchange for dollars by order of Nixon.
Price rising may be helping perception of dollar for now and its ability to carry debt but its clear to see the underlying fundamentals for Dollar are poor with the largest trade and fiscal deficits its ever had to suffer. The effects ongoing are a depreciation in value of the dollar and debt is unlikely to be repaid in full value.
I do agree dollar index rising puts pressure on Bitcoin and crypto in general because the contrast is that crypto is seen to be weaker however long term crypto must stand on its own utility outside of any one country or currency. Dollar will fall again because of its ongoing debt situation entering a spiral of failure to repay value, a soft default but crypto needs to keep improving protocols not to be caught in that vortex and prove of worth in a predictable chaos that will ensue
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DanieIssac
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October 30, 2018, 11:13:38 PM |
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Actually, government always try to increase the strengthen of U.S dollar as much as possible ,stimulation from government is a big competitive -advantage that can make them stronger than anything else
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UNOE
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This is personal
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October 30, 2018, 11:39:15 PM |
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Its because I dont think that it has connection in btc. Well usd has its own market that are not connected in btc. I think if America invest in btc thats is the best thing we can tell about it. Cryptocurrencies have connection with USD market more than anything else, because cryptocurrencies are here to replace current fiat currencies.
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Finestream
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October 30, 2018, 11:44:56 PM |
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From what I can see, Bitcoin has held steady against the USD, unlike most of the fiat currencies. Actually this is good for the future of Bitcoin. Bitcoin will be attractive for more and more people living outside the United States.
I believe so.While the US dollar is gaining strength in its price,bitcoin is also seen to make a steady price.I think it somehow affects bitcoin price but the current price of bitcoin right now will attract more investors to buy now.I still believe that btc price will still go to the moon one of these days so let's keep buying today to make huge profits in the future.
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spongegar
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October 31, 2018, 01:24:08 AM |
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I don't know. Your analysis is too optimistic. Much like how people said that the besr market is starting last july on the basis of two solid weeks of greens instead of reds. I think yeah the dollar is gaining momentum but I don't think it will sustain it up to the emd of the year. It will dip by the new year and gain momentum from there again.
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ninokh
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October 31, 2018, 06:35:22 AM |
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yes, the dollar has strengthened and weakened almost all currencies in the world. the strengthening of the dollar may be due to a trade war between China and the United States. and the increase in world oil prices and also the FED also raised interest rates, making the dollar stronger. the strengthening of the dollar will have an impact on the world economy. many countries that will experience inflation may have many negative impacts that arise. but it will have a good impact on cryptocurrency because the dollar is fiat money which is a medium of exchange in crypto.
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Pumapipa
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October 31, 2018, 06:38:16 AM |
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Good thing that the USD is gaining ground. As far as I can see, everything depends on how well the US economy is doing. It affects the economy of almost all the countries in the world. In lieu of cryptocurrency and dollar, in my perception, an increase in the value of dollar results to an increase in the stability of cryptocurrency simply because crypto users are freely trading their crypto assets to dollar fiats and vice versa, the trading is alive and in continuous motion. this cycle is very viable and healthy to crypto economy and world economy.
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Enzos
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October 31, 2018, 07:23:49 AM |
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The continued strength of the dollar is not friendly to the world. The strength of the world’s largest economy will make it difficult for weak countries to survive. This is not in line with human development. This may increase war and riots. And I predict that the dollar will be hit hard in 10 years, and it will soon lose the world's number one throne.
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Osarman
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October 31, 2018, 08:06:00 AM |
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The increase in the dollar is not good for cryptocurrency, but I don't think the dollar can continue to increase. Maybe the dollar will depreciate sharply in 2019. This way is correct.
This is the case all around the world. There has been a rise in the value of dollar and but it is still an ambiguity whether the growth is in the dollar or the decline is in your currency that you measure in terms of dollar. Expecting decline in the value of dollar is obvious because US has been in cold war with some countries and has been targeting their economies that might stop using USD in return to harm the US. A decline in USD demand will bring down its value as well.
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futile-resistance
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November 05, 2018, 06:45:46 AM |
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This is actually happening as a result of the cold war going on between US and China and US and Turkey. The US China thing has given rise to this surge and it looks like the dollar is gaining value but it is temporary value. The imposition of high tariffs on the import of steel by US on China has actually made it cheaper for the usd to but the per unit steel from China. This gave rise to the rise in the USD. Same had been the case with the Turkey as a result of which USD gaining value and Turkey’s steel industry suffered.
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aeternus
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November 07, 2018, 05:08:41 AM |
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The strengthening of the US dollar is only temporary. The US stock market has experienced a big bull market for 10 years, which makes the United States become rich again. But in fact the world is changing the rules. American hegemonism will turn itself into the world's second and third, which is unstoppable.
There is some truth to this, after the 2008 crash the markets have become confident once again that they are untouchable as if they did not learned anything from the previous crash, this probably means that when the next crash happens they are going to be more unprepared than before and it is unlikely they could do the same they did with the last crisis, and if the US is unable to resolve the crisis in a satisfactory manner they could lose their privileged spot.
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elbimbo012
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November 07, 2018, 05:34:44 AM |
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Indeed, it may affect crypto market most likely negatively as USD exchange to Bitcoin could make the Bitcoin's price decrease as the value of USD increase Most would have a tough time gaining huge USD hence couldn't buy right amount of BTC therefore lowering its price and volume in market. More would rather hold their USDs.
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bradshe1
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November 15, 2018, 01:48:44 PM |
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Strengthening of USD negatively influences the economy of other countries. But dollar can’t impact crypto because they have different price references. The price of cryptocurrencies depends on demand and supply, and also can be influenced by news. Those countries that legalize and use cryptocurrency will have positive results, but those that reject or ban it will be vulnerable to the rise of dollar.
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Twentyonepaylots
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November 15, 2018, 01:56:14 PM |
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it has ever been growing since last year and in our country our own fiat is getting down vs dollar and it is making a goods, expensive.
I can see the trade war really benefiting the USD a whole lot and that is a terrible thing already for some of the smaller countries, because the inflation is going to kick in seriously and most especially for countries with very low economy and countries that depend typically a lot on importation of goods and have not much of industrialization going on within the country. The stock market is actually showing signs of getting beaten from this since a lot of them have been overbought and overpriced anyway, so I won't be surprised to start seeing investors moving back into USD. I honestly think that this is only going to affect the traditional economy in terms of exports, imports, and tourism. I don't think that USD going strong is going to have much to do with bitcoin prices, even though theoretically prices for BTC would drop as well.
Yeah, it would most definitely affect the smaller economy a lot looking at what some already are saying in their various countries, the inflation going on and how their own currency is crashing against the dollar since they typically rely on it anyway for importation somehow. It is crazy to see something like this going on and I do not even know whether to call this a good thing or a bad thing, but the strengthening of the USD, probably would affect a lot of countries who are dependent on it somehow. Seems the trade war declared by trump is really making some good impact for the US economy. Yes, Dollar gain the dominance of the market,my opinion on the effect to crypto market, is the shift of investment or either trading more Dollar instead of crypto currency into the market, we can look at the market preview as the Dollar gain control of the market, these contribute to the weak crypto trading, crypto market investment, and drops on the price value of the crypto as posted in the market.
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jeromix
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Ako Bayot!
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November 15, 2018, 02:07:58 PM |
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This because of their growing economic after a huge infrastructures that are being constructed. It seems like the USA has done already some advancement and that is why their fiat currency has gone strong. Hopefully that with the strong dollars over other currency would benefit the OFW who are workin in the their country and would bag dollar for their respective country.
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Finestream
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November 15, 2018, 03:08:18 PM |
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I don't know. Your analysis is too optimistic. Much like how people said that the besr market is starting last july on the basis of two solid weeks of greens instead of reds. I think yeah the dollar is gaining momentum but I don't think it will sustain it up to the emd of the year. It will dip by the new year and gain momentum from there again.
Right.The US dollar is obviously gaining its strength up to the present but i think this will not happen all the time.Maybe by next year we can see a dropdown of price just like any other currency.And it will happen when a bull run for crypto market has just started i think.
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STT
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November 15, 2018, 05:59:39 PM |
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I agree crypto is likely to do better while dollar is not rising, they are both globally used currencies. huge infrastructures that are being constructed. It seems like the USA has done already some advancement and that is why their fiat currency has gone strong Infrastructure must be paid for and give a yield to really be justified, the Hoover dam took decades to return value and its building required government approval giving politics a lead. The problem is the debt raised in the name of that infrastructure spending, China has a similar idea but again some of the results have given no benefit to the economy and certainly not enough to repay the debt. This adds upto currency weakness, without a rise in tax revenue from greater business done the spending and borrowing in dollar is not justified. The only thing that happened recently is greater amounts of debt, due to a rising deficit in fiscal budgets. The reason dollar index rose is that is measured against similar FIAT currency in some cases also being printed in greater numbers. The market favour and mostly in speculation that Dollar is the safest long term currency. Its true till it isnt and its already the case that USA does not export enough to repay this debt to the world. That could change but also likely to be at the same time dollar value is lower. The only alternative to this scenario is a greatly reduced government expenditure, higher rates, a surplus in the budget and debt being repaid. All those effects add upto and justify the view of a strong dollar, otherwise many currencies are devaluing but in parallel which helps maintain the status quo shown in the dollar index value ; this is not strength anymore then a coat of paint is a repair
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