US Dollar Efect on the world and Crypto

[ss890]

It may affect the other nations currencies which are in fiat form but not the crypto currencies as such I believe. I mean look at the crypto market, its technology used behind it and the mechanism of working, everything is very much different for them as compared to the fiat currencies. US dollar is just being used as unit of measure for the crypto currencies and I dont think there is any impact of its value over it. What can impact the crypto coins is the stocks getting converted to the crypto, forex falling, big exchanger companies making investment into crypto etc etc. But just because US dollar value changes then it will impact on it is wrong practically.

[Whosdaddy]

yes of course, the increase in the dollar price has an effect on the crypto currency, and also on other countries, so if the prediction of the dollar price will continue to increase until the end of the year, if the dollar price increase is insignificant it might not matter, but if the dollar price continues to increase significantly it might be dangerous for developing countries I think inflation will happen again ... oh I'm afraid to hear this news

How does it have any effect on cryptocurrency? Cryptocurrency is not directly tied to fiat and it is strictly an ecosystem on its own. If there is anything tied to USD, and would get it affected, that would be most countries that rely on the usage of USD when it comes to international transactions most of the time.

You have said it already in your last statement, which this is something that can only be basically dangerous for developing countries as in a way, their own currency will fall in such case as a result of weakness, against the dollar, and in that case, it would affect a lot when it comes to inflation.

[arnaudel98]

Strengthening the US dollar creates effects on the currencies of developing countries. In addition, currency depreciation continues to cause foreign exchange reserves to erode. This has caused an increase in the amount of credit for countries that need large amounts of external spending. Some of the countries most vulnerable to the US dollar are Argentina , Sri Lanka , Turkey , and Zambia. And predictions say the US Dollar will continue to strengthen until the end of the year. Like Chile, Colombia, Indonesia and Malaysia are also vulnerable to digital currency conditions, even though these countries have financial and institutional buffer systems that are able to erase in the short term. One news that is enough to be a shock to the currencies of developing countries. Apart from this, I think this has an impact on digital currency movements which I think are slow and watch stagnant.

Since dollars is global currency and the country's economy depends on it even cryptocurrencies to so the effect will be positive and negative both.

[okala]

USD has a very high significant infect on bitcoin and others world currency.  We have see this on every continent on how dollars is been hold I a very high value.  I believe that this happened becouse of how good American economy is and they contributions to societal developments. Bitcoin will also in one day become the world most used currency.

[Wete]

It cannot be denied that the US Dollar is a major force in the world. Strengthening US Dollar clearly affects countries in the world. In my country the strengthening of the US Dollar will have a positive impact on people who play / do business in digital currency, this is very good news.

[Maoper602]

USD is considered to be the base or common currency globally. And many countries economy depends on it too. But the effect it falls on cryptocurrency is quite uncertain as cryptocurrency value does not depend on fiat currency. Bitcoin is also considered as the base of cryptocurrency eco-system.

[Mirendabaen212]

US dollar has a great power over the worlds economy. When the US dollar is affected it is expected that the world is going to get hit by a storm. But it will be interesting to how it will affect the crypto market as most of the exchanges work through USD.

[Ibeild441]

Economy of a lot of country depends on US dollar. Any effect on this currency can create a huge fudge in the world. But what it can do to crypto market is not very clear to me.

[Edoanidd551]

The transference of FIAT currency might have a huge impact on the developing countries. Crypto prices may increase or decreases due to the price of present dollar prices but it will have less reaching effect than the changes in the dollar,

[Bitfling]

Strengthening the US dollar creates effects on the currencies of developing countries. In addition, currency depreciation continues to cause foreign exchange reserves to erode. This has caused an increase in the amount of credit for countries that need large amounts of external spending. Some of the countries most vulnerable to the US dollar are Argentina , Sri Lanka , Turkey , and Zambia. And predictions say the US Dollar will continue to strengthen until the end of the year. Like Chile, Colombia, Indonesia and Malaysia are also vulnerable to digital currency conditions, even though these countries have financial and institutional buffer systems that are able to erase in the short term. One news that is enough to be a shock to the currencies of developing countries. Apart from this, I think this has an impact on digital currency movements which I think are slow and watch stagnant.

US Dollar increasing againts others currency in the world because The Fed plan to increase their interest rate and its affecting to others commodities price too. I dont think its affecting to cryptocurrency price because its different market and crypto price drop recently because many people panic with fake news and selling their coin with cheap price

[centimentalking]

Strengthening the US dollar creates effects on the currencies of developing countries. In addition, currency depreciation continues to cause foreign exchange reserves to erode. This has caused an increase in the amount of credit for countries that need large amounts of external spending. Some of the countries most vulnerable to the US dollar are Argentina , Sri Lanka , Turkey , and Zambia. And predictions say the US Dollar will continue to strengthen until the end of the year. Like Chile, Colombia, Indonesia and Malaysia are also vulnerable to digital currency conditions, even though these countries have financial and institutional buffer systems that are able to erase in the short term. One news that is enough to be a shock to the currencies of developing countries. Apart from this, I think this has an impact on digital currency movements which I think are slow and watch stagnant.

Increase the rate of dollars can gives more profit in bitcoins even the price of bitcoin fall but with dollars we gain some profit. Where it can disturb the economy i don't think its important for bitcoin we should focus on economy.

[holtzmann]

US Dollar dominates over other currencies and is admitted as a world’s reserve currency. Of course, it has a huge effect on the world economy. The amount of USD credits for developing countries increases and dollar is strengthening. Dollar impacts on crypto as well, as it's directly related to the ability to buy and sell crypto. This is the major currency people buy their crypto with.

[andriarto]

Strengthening the US dollar creates effects on the currencies of developing countries. In addition, currency depreciation continues to cause foreign exchange reserves to erode. This has caused an increase in the amount of credit for countries that need large amounts of external spending. Some of the countries most vulnerable to the US dollar are Argentina , Sri Lanka , Turkey , and Zambia. And predictions say the US Dollar will continue to strengthen until the end of the year. Like Chile, Colombia, Indonesia and Malaysia are also vulnerable to digital currency conditions, even though these countries have financial and institutional buffer systems that are able to erase in the short term. One news that is enough to be a shock to the currencies of developing countries. Apart from this, I think this has an impact on digital currency movements which I think are slow and watch stagnant.

US Dollar increasing againts others currency in the world because The Fed plan to increase their interest rate and its affecting to others commodities price too. I dont think its affecting to cryptocurrency price because its different market and crypto price drop recently because many people panic with fake news and selling their coin with cheap price

Broadly speaking, increase in dollar prices does not affect cryptocurrency. but on the one hand, for those who want to exchange fiat other than usd, of course the amount is bigger

[bitbunnny]

The movements of US dollar affect other fiat currencies, that is for sure.
But to my opinion it's not influencing Bitcoin and other cryptocurrencies because they are decentralized system not depending on any fiat currency and they are not part of any formal economic system.
The influence could be indirect because in some cases the fluctuation of dollar could influence the ability of some users to buy or not to buy Bitcoin but this is the side effect that is not connected directly with crypto market.

[yitzjoe]

every investment we make on crypto is certainly indirectly calculating its value against the currency commonly used throughout the world, namely the dollar. therefore the strengthening of the dollar will affect the price of crypto. more clearly when there is a price change in a tether that is so large, bitcoin and altcoin will experience a serious correction.
the role of fiat in particular dollars has a positive effect on crypto prices

[spongegar]

I mean the us dollar is an almost universally globally ised currency. Evdrything it touched will be tied in to their fate except crypto currency. Crypto currency may seem down but it is actually on a price adjustment. But outside that crypto currency is still strong. Now, the dollar is weak so is the economy and the stock market.