Dollar vs Euro affect on Bitcoin price

Elwar (OP)

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Dollar vs Euro affect on Bitcoin price

December 08, 2014, 08:57:07 AM

#1

It looks like the Euro has taken quite the fall over the past week as part of a downward trend that has been going on for about 7 months (price was $1.25 per euro last week, now down to $1.22) In May it was $1.39.

The bitcoin price is reflecting the difference with the euro price being around 300 EUR/BTC and the dollar price around 368 USD/BTC.

What do you believe will happen with the Euro/Dollar and what affect do you believe that will have on the bitcoin price?

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Re: Dollar vs Euro affect on Bitcoin price

December 09, 2014, 01:35:40 AM

#2

Of course have effect for bitcoin price. If many people sell bitcoin that make bitcoin price down. Maybe because im still new on trading

Dunkelheit667

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Re: Dollar vs Euro affect on Bitcoin price

December 09, 2014, 02:01:38 AM

#3

What will happen with the €/USD? It's just a curency 'war', we'll see who's printing money faster than the other and how ratings will influence the whole 'war'. My guess would be the € will bounce back at 1.20 for some reason as he always did.

Will this have an effect on the BTC-price? Nope. The fiat 'price' (or better ratio) is always the same, USD, €, CNY etc. - it does not matter. Guess there are some arbitrage-bots running. Cheesy

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rogerdonkey

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Re: Dollar vs Euro affect on Bitcoin price

December 09, 2014, 04:35:42 AM

#4

Quote from: Dunkelheit667 on December 09, 2014, 02:01:38 AM

What will happen with the €/USD? It's just a curency 'war', we'll see who's printing money faster than the other and how ratings will influence the whole 'war'. My guess would be the € will bounce back at 1.20 for some reason as he always did.

Will this have an effect on the BTC-price? Nope. The fiat 'price' (or better ratio) is always the same, USD, €, CNY etc. - it does not matter. Guess there are some arbitrage-bots running. Cheesy

so what make effect on the price btc down??

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fewcoins

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Re: Dollar vs Euro affect on Bitcoin price

December 09, 2014, 07:09:31 AM

#5

Quote from: rogerdonkey on December 09, 2014, 04:35:42 AM

Quote from: Dunkelheit667 on December 09, 2014, 02:01:38 AM

What will happen with the €/USD? It's just a curency 'war', we'll see who's printing money faster than the other and how ratings will influence the whole 'war'. My guess would be the € will bounce back at 1.20 for some reason as he always did.

Will this have an effect on the BTC-price? Nope. The fiat 'price' (or better ratio) is always the same, USD, €, CNY etc. - it does not matter. Guess there are some arbitrage-bots running. Cheesy

so what make effect on the price btc down??

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