Bitcoin vs. the Dollar (Traditional Money vs. Digital Innovation)

[dlightag]

Bitcoin and USA dollar are two currency together, because Bitcoin is a digital currency that is only trading online or online purchasing of good's and services as the case maybe, but US dollar are seeing as a traditional money that we make use of it every day by day to buy or sell anything including online and offline transaction respectively, therefore come to talk about Bitcoin price increase and dollar price decrease during Bitcoin price pump, is a simple something all together, which is work of demand and supply in the market, when supply is high and demand will be less that affect the price of Bitcoin or dollar depreciate in price value.

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[Fivestar4everMVP]

Bitcoin and USA dollar are two currency together, because Bitcoin is a digital currency that is only trading online or online purchasing of good's and services as the case maybe, but US dollar are seeing as a traditional money that we make use of it every day by day to buy or sell anything including online and offline transaction respectively, therefore come to talk about Bitcoin price increase and dollar price decrease during Bitcoin price pump, is a simple something all together, which is work of demand and supply in the market, when supply is high and demand will be less that affect the price of Bitcoin or dollar depreciate in price value.

Talking about the dollar specifically now, dollar depreciation is not entirely as a result of demand and supply, and this is not peculiar to the us dollar alone but to every fiat currency out there.
For bitcoin, we could say that the driving force for its ups and downs in price is as a result of demand for it, and not supply because we all know fully well that bitcoin is very limited in supply unlike fiat, that is, bitcoin supply is already fixed, so demand alone is what drive the price of bitcoin up or down, when demand is high, price goes up, and when demand is low, price goes down.

For fiat, several factors drive the price up or down in the market and in the short term, but In the long terms, fiat currencies are always losing value due to their unlimited supply nature, and for the fact that central banks even have the ability or monopoly to go on printing more fiat when governments need money, not minding the consequences of this..

So for me, bitcoin will always be a better money than fiat, though I still want both to co-exist together.

[Cryptomultiplier]

The US Dollar (USD) and Bitcoin (BTC) are two separate but interconnected forces that have been reshaping the financial and economic landscape. These two organizations stand for opposing ideals—one rooted in conventional financial institutions, the other a forerunner of the digital age. The conflict between the dollar and Bitcoin has prompted discussions about the future of money, investing, and the role of technology in forming financial institutions as the global economy continues to change. My question is this, why does the value of BTC decrease when the value of the dollar rises?

Firstly, I do not think there's a conflict between the dollar and BTC. Both are distinct in usage and application.
Many countries have their legal tender backed by the USD reserve banks and as long as USD is one major currency for trade and commerce round the world, we would keep seeing the demand for the USD rising. Unless, more countries like the BRICS countries adopt the Yen as speculated, then the price of USD will keep rising still.

Am sure you are also aware that 1 BTC is equivalent to  almost $26, 203 USD currently, and without much disparity, this price will always fluctuate depending on market volatilities at the time.
The value of BTC will continue to decrease if more of the users/customers don't demand it. If more customers do demand it for investment or trade, we would see the value of BTC increase. Simple.

[Mauser]

The US Dollar (USD) and Bitcoin (BTC) are two separate but interconnected forces that have been reshaping the financial and economic landscape. These two organizations stand for opposing ideals—one rooted in conventional financial institutions, the other a forerunner of the digital age. The conflict between the dollar and Bitcoin has prompted discussions about the future of money, investing, and the role of technology in forming financial institutions as the global economy continues to change. My question is this, why does the value of BTC decrease when the value of the dollar rises?

The short answer is that because these two currencies are being traded against each other they tend to move in opposite directions. Many crypto investors who hold Bitcoins and want to take profits from their portfolio will switch back to Fiat money. We can see that alt coin investors tend to move into Bitcoins and Bitcoin investors move back to USD or Euro. For them to take profits, they sell their Bitcoins and want to have USD, so there is selling pressure on BTC and more demand for USD. The exact opposite happens when people want to buy Bitcoin and do this from their Fiat saving account. This is of course only a small effect, because the US Dollar is such a huge market with all the major countries in their world trading with it. There are a lot of more factors that go into the rise and fall of the Dollar. The long term trend for Bitcoin is upwards, we are going to see more price increases in the future. While on the other side the US government doesn't want a strong Dollar. A strong Dollar would make their exports more expensive and with their large spending and printing programs of the FED the value of the US Dollar should decrease over time.

[WatChe]

Firstly, I do not think there's a conflict between the dollar and BTC. Both are distinct in usage and application.
Many countries have their legal tender backed by the USD reserve banks and as long as USD is one major currency for trade and commerce round the world, we would keep seeing the demand for the USD rising. Unless, more countries like the BRICS countries adopt the Yen as speculated, then the price of USD will keep rising still.

Am sure you are also aware that 1 BTC is equivalent to  almost $26, 203 USD currently, and without much disparity, this price will always fluctuate depending on market volatilities at the time.
The value of BTC will continue to decrease if more of the users/customers don't demand it. If more customers do demand it for investment or trade, we would see the value of BTC increase. Simple.

We saw two massive bull runs of Bitcoin in 2017 and 2021 when Bitcoin touched its ATH of 19k and 68k respectively. In both these bull runs there is no connection with price of USD. One thing we need to understand is that USD along with other fiat are backed by governments and will continue to exists for real world monetary system. While Bitcoin is a decentralised monetary system that is backed by its community and is never created to replace USD.

[Blitzboy]

The US Dollar (USD) and Bitcoin (BTC) are two separate but interconnected forces that have been reshaping the financial and economic landscape. These two organizations stand for opposing ideals—one rooted in conventional financial institutions, the other a forerunner of the digital age. The conflict between the dollar and Bitcoin has prompted discussions about the future of money, investing, and the role of technology in forming financial institutions as the global economy continues to change. My question is this, why does the value of BTC decrease when the value of the dollar rises?

The short answer is that because these two currencies are being traded against each other they tend to move in opposite directions. Many crypto investors who hold Bitcoins and want to take profits from their portfolio will switch back to Fiat money. We can see that alt coin investors tend to move into Bitcoins and Bitcoin investors move back to USD or Euro. For them to take profits, they sell their Bitcoins and want to have USD, so there is selling pressure on BTC and more demand for USD. The exact opposite happens when people want to buy Bitcoin and do this from their Fiat saving account. This is of course only a small effect, because the US Dollar is such a huge market with all the major countries in their world trading with it. There are a lot of more factors that go into the rise and fall of the Dollar. The long term trend for Bitcoin is upwards, we are going to see more price increases in the future. While on the other side the US government doesn't want a strong Dollar. A strong Dollar would make their exports more expensive and with their large spending and printing programs of the FED the value of the US Dollar should decrease over time.

Isn't it interesting how humans, who are always trying to get control, use monies to dance around power? Your point about BTC and the USD is just a small part of a much bigger game of tug-of-war on a world scale. People trading Bitcoin for fiat money is just a small wave in a huge ocean of lies, power struggles, and desperate attempts to stay on top.

You're right that the long-term direction for BTC is up. This is because Bitcoin is, for once, a way to do business that isn't controlled by the government. It is clean and unspoiled! The dollar? A simple tool used by a dying power. The US doesn't want the dollar to be strong because they know they are going down. Their endless printing of money and financial strategies are just bandages on a gunshot wound. A crash is coming, so wake up and smell it

[lepbagong]

The value of Bitcoin (BTC) can be affected by a variety of factors, including supply and demand, adoption, market news, and global economic conditions.  When the value of the US dollar (USD) goes up, it could impact the price of Bitcoin in a number of ways.

There are still many who really need $ [traditional money] because many transactions are still mastered by rotating $ and can't get rid of this habit because the environment also influences it, even though Bitcoin [digital innovation] has started to be known and has also been used.I agree with you that the existence of Bitcoin is very much influenced by many factors that can affect its movement; the same goes for movements in the value of the dollar.In principle, both of them must acknowledge that they really need each other to be able to be used as a transaction between them and other needs. At this time, it must be admitted that both have the same role, are used equally, and are equally needed, although $ is still the best, although maybe in the future it will be different.

[BVeyron]

The US Dollar (USD) and Bitcoin (BTC) are two separate but interconnected forces that have been reshaping the financial and economic landscape. These two organizations stand for opposing ideals—one rooted in conventional financial institutions, the other a forerunner of the digital age. The conflict between the dollar and Bitcoin has prompted discussions about the future of money, investing, and the role of technology in forming financial institutions as the global economy continues to change. My question is this, why does the value of BTC decrease when the value of the dollar rises?

I think that it happens due to the fact that at the moment both currency systems are global, so they are rival, BTC is quite hard to use for direct purchases (especially for small everyday purchases) while dollar is highly centralised, strictly controlled by "the few richest" and is vulnerable to inflation. So this rivalry is visible if you take a look at BTC and USD price fluctuations. Also, in case of dollar inflation there is a chance to save money via cryptocurrencies (however, only a chance, not guarantee)...

[justdimin]

The US Dollar (USD) and Bitcoin (BTC) are two separate but interconnected forces that have been reshaping the financial and economic landscape. These two organizations stand for opposing ideals—one rooted in conventional financial institutions, the other a forerunner of the digital age. The conflict between the dollar and Bitcoin has prompted discussions about the future of money, investing, and the role of technology in forming financial institutions as the global economy continues to change. My question is this, why does the value of BTC decrease when the value of the dollar rises?

I think that it happens due to the fact that at the moment both currency systems are global, so they are rival, BTC is quite hard to use for direct purchases (especially for small everyday purchases) while dollar is highly centralised, strictly controlled by "the few richest" and is vulnerable to inflation. So this rivalry is visible if you take a look at BTC and USD price fluctuations. Also, in case of dollar inflation there is a chance to save money via cryptocurrencies (however, only a chance, not guarantee)...

I would say that they both have their places and they could co-exist together. I understand that some people may not like that, but I feel like it can be done and we are going to end up being a lot better on the long term. Think about it this way, if we could end up with something that will make a lot of profit, why wouldn't we do that?

We would be able to use them both at the places they are good at and we should be able to make a profit based on that. This will allow the situation to grow a lot bigger and could be important on the long run as well. I know that life is not that simple, and we could end up with a situation that is a bit more specialized based on what you are going to do, and then use that one.