Rise of Bitcoin, Fall of Dollar

[Kong Hey Pakboy]

Dollar price is stable and there is no devaluation of USD because dollar accepted worldwide, bitcoin will never replace dollar because in every developed country dollar is still used as payment method no country start accepting bitcoin as payment method. Bitcoin has their own place in online market and dollar has their own place.

This statement is true, as we should know that the two currencies are different from each other. Being both users of both currencies, we know where can we use fiat and bitcoin depending on what we are gonna do. Also, let's don't think that one is dominant from other, because it has different function and uses. Let us use this harmoniously and we will benefit from it in one way or another.

[1715073585]

1715073585

[1715073585]

1715073585

[1715073585]

1715073585

[1715073585]

1715073585

[1715073585]

1715073585

[pinggoki]

It is not just because the bitcoin is going higher doesn't means that the dollar especially the US dollar will fall, always remember that fiat currency especially dollars will not be able to fall and if it falls maybe all of the fiat currency may fall down and that is impossible to happens. Bitcoin value is equivalent to dollar then it means the dollar will never fall because if it do so then bitcoin will eventually fall also sooner or later if that's the scenario you are talking about.

[businessgirl]

Bitcoin has no direct contact with US doller. Both has Different system. Bitcoin is totally decentralized token and depend upon online market while US doller depend upon Countries Gold.

[target]

1BTC will always be 1BTC it can't go up or down but its value.
I'm sure it's about the dollar falling in value due to the government printing for stimulus. The finance companies are trying to hedge and the adoption just happens to align itself to lift the price of BTC. Maybe consider the pandemic as well because it's the reason why they printed so many bills that devalues it as well.

[7788bitcoin]

Today I found out something very interesting...
"1 Bitcoin is still 1 Bitcoin, it is only the value of the dollar falling"
(due to inflation, because the government just keeps printing money out of thin air)

There is inflation in some countries but the rally in bitcoin is not because of the direct result of inflation or government policies but it is true that there is a slow down in economy and so is the reason major investment firms are concentrating in the cryptocurrency market. You can have any ideology that suites you, by your view the entire fiat currency is falling not just dollar  .

[Shasha80]

The dollar price fell not because the Bitcoin price rose, but because nowadays many countries are printing money. That's why the dollar value
decreases due to inflation, it has nothing to do with the increase in the price of Bitcoin. Because Bitcoin and the dollar have a different market,
so if now the Bitcoin pump and the dollar fall in value. I think it is a coincidence, we don't need to connect the two of them.

[Twentyonepaylots]

Contrary to popular belief, bitcoin has no influenece to the USD, it just so happened that USD is the prime currency of the market and so it was used to compare and contrast currencies. Nonetheless the constant comparison does give investors insight as to what is going on with USD, it's falling short compared to bitcoin which quickly rose in value in only a span of a decade.

It does not have any influence on the dollar, because before bitcoin the dollar value also increased and decreased. It's just a coincidence and for me bitcoin is bitcoin and dollar is dollar. they are in their own market and have their own target.

Exactly. Not necessarily a coincidence since they still have some sort of relationship but not in terms of bitcoin affecting the USD value.

[Hippocrypto]

It is not just because the bitcoin is going higher doesn't means that the dollar especially the US dollar will fall, always remember that fiat currency especially dollars will not be able to fall and if it falls maybe all of the fiat currency may fall down and that is impossible to happens. Bitcoin value is equivalent to dollar then it means the dollar will never fall because if it do so then bitcoin will eventually fall also sooner or later if that's the scenario you are talking about.

Even though we seen that bitcoin rises extensively, dollar will always be a strong currency because that belongs to the economic state. For me it's a worldwide currency that's based on how economy run towards it's progress, and it's fluctuations is only minimal. Furthermore, it's a stable currency if we compared it with bitcoin. Though btc had been doing great, dollar will always be a neutral fiat which can be exchanged with btc in order to spend your digital currency physically.

[Abiky]

Today I found out something very interesting...
"1 Bitcoin is still 1 Bitcoin, it is only the value of the dollar falling"

(due to inflation, because the government just keeps printing money out of thin air)

There were also ideas like, real estate not increasing in value either, its just the dollar (fiat money in general) falling in value, and making building apartments seem more valuable... but let's just stick with Bitcoin....
so is Bitcoin rising in value, or is it the dollar falling in value....
or are the two going both ways??

Ever since the pandemic took the world by storm last year, the US Dollar has been on a downward trend. Yet, it's still standing strong as the reserve currency of the world. The rising price of Bitcoin doesn't necessarily mean that the Dollar is falling. It could be many factors including (but not limited to) increased demand, the hype of the moment, etc. I'd say that we've entered the "hype cycle" once more as people are pouring money into Bitcoin and other cryptocurrencies like crazy. The recent news of PayPal providing crypto services, Tesla's Elon Musk buying Bitcoin, and now Mastercard joining the crypto craze, has led Bitcoin to rise towards astronomical levels in price. That is of course, without including the recent halving which took place on May 2020.

No matter how much a Bitcoin is worth in terms of Fiat, we cannot deny that 1 Bitcoin will always be equal to 1 Bitcoin. If the crypto economy used Bitcoin instead of Fiat (US Dollar) as a unit of account, things would've been much different. You could pay simply 1 Bitcoin for goods and services without measuring its value in terms of Fiat. But that'll never happen considering that everything moves around Fiat these days. Just my thoughts

[Renampun]

I don't think Bitcoin was created to kill the dollar...
everyone knows that the dollar is dropping due to many factors but the US government is notorious for its 'printing more money' habit. so it is very difficult to say that the dollar has fall. *the most appropriate sentence for me is 'Bitcoin f*ck the dollar'

[Poker Player]

I don't think Bitcoin was created to kill the dollar...
everyone knows that the dollar is dropping due to many factors but the US government is notorious for its 'printing more money' habit. so it is very difficult to say that the dollar has fall. *the most appropriate sentence for me is 'Bitcoin f*ck the dollar'

I wouldn't say to kill the dollar but as a was of protecting people from fiat currencies like the dollar and the Central Banks system.

It is correlated I'd say. Bitcoin price rises because people see it as valuable but also because governments don't stop printing and the speed of printing has increased with coronavirus crisis and it doesn't seem it's going to slow down in the next years.

[Dutchyyy]

Today I found out something very interesting...
"1 Bitcoin is still 1 Bitcoin, it is only the value of the dollar falling"

(due to inflation, because the government just keeps printing money out of thin air)

There were also ideas like, real estate not increasing in value either, its just the dollar (fiat money in general) falling in value, and making building apartments seem more valuable... but let's just stick with Bitcoin....
so is Bitcoin rising in value, or is it the dollar falling in value....
or are the two going both ways??

I don't know if there is a connection between the two, but in stages there is definitely a relationship that you are talking about.

In any case, the price of both Bitcoin and the USD is influenced by speculation, geopolitical factors and economic decisions of corporations. It's just that the two react differently and with a different volume to each thing.

[Abiky]

I don't think Bitcoin was created to kill the dollar...
everyone knows that the dollar is dropping due to many factors but the US government is notorious for its 'printing more money' habit. so it is very difficult to say that the dollar has fall. *the most appropriate sentence for me is 'Bitcoin f*ck the dollar'

Bitcoin was never meant to be a replacement of the current monetary system. It was created as an alternative to banks. It's impossible for Bitcoin to "kill" the Dollar, as banks are too big to fail. Besides, Bitcoin's mainstream adoption is low compared to the Dollar. Many merchants and businesses prefer the latter option because it's stable and backed by the US government. On top of that, the Dollar is still the reserve currency of the world. You can't beat something as big and powerful as the US Dollar.

Nonetheless, we cannot deny that Fiat will become less valuable in the future as governments increase inflation rates. This means a stronger Bitcoin relative to Fiat. "Hodlers" should gain more purchasing power as time goes by. As long as Bitcoin remains decentralized, it'll be able to last for a very long time. Both the US Dollar and Bitcoin will co-exist for many generations. Just my opinion

[Hydrogen]

is Bitcoin rising in value, or is it the dollar falling in value....
or are the two going both ways??

The weakening dollar isn't priced into the value of stock markets assets or crypto.

Normally it would be priced into the value of gold and inflation protected assets. As some have said the value of silver today is lower than its value in the 1980s. Which appears to imply the weakening dollar isn't yet priced into precious metals the way that it perhaps should.

I think most assume the stock holdings of Warren Buffett and assorted whales would somehow be protected from inflation in the event of the US dollar failing. With the worse case scenario covered -- there isn't much motivation to price the strength of the dollar into assets, which are assumed to be protected.

The same observation may be applied to BTC and cryptocurrencies on some level.

[oktana]

The rise of Bitcoin is not the fall of Dollar. Over the past years, Bitcoin has been rising.
The price changes in Dollar hasn't been as effective as the Rise in Bitcoin's worth so, It doesn't require Dollar to fall.
Bitcoin would still rise, just make sure you have your own units.