The USD Bull Market

[tabnloz]

The USD has been on a bull run after the ending of QE. Money has flowed out of emerging markets and into the US, having a deflationary effect. With all the Grexit dramas happening in Europe, it is highly likely that the flow will continue (whether Greece leaves or not) as $ will flow to 'safety'.

I've always thought the USD bull has contributed to outflow from bitcoin (at least in a small part) and I worry it will continue.

But now, with looming legitimization (regulation), US exchanges and the possibility that sovereign defaults are at least on the medium term radar, what are the odds that btc will be seen as a 'safe', alternate asset class and benefit from the resulting inflow?

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[coinz19]

What are the odds? I give Bitcoin 3 to 1 odds.

[Q7]

But now, with looming legitimization (regulation), US exchanges and the possibility that sovereign defaults are at least on the medium term radar, what are the odds that btc will be seen as a 'safe', alternate asset class and benefit from the resulting inflow?

I try not to connect the strengthening of the dollar that has caused the outflow of fund from btc. Instead I look at the positive side that is the supporting fundamentals that exists in bitcoin ecosystem itself, the concept, the technology that will continue to create demand and support the price. Yeah, you can dump and sell but as long as the fundamentals are there, it is just too attractive and who would pass up the chance to grab bitcoin at such cheap price.

[Febo]

The USD has been on a bull run after the ending of QE. Money has flowed out of emerging markets and into the US, having a deflationary effect. With all the Grexit dramas happening in Europe, it is highly likely that the flow will continue (whether Greece leaves or not) as $ will flow to 'safety'.

I've always thought the USD bull has contributed to outflow from bitcoin (at least in a small part) and I worry it will continue.

But now, with looming legitimization (regulation), US exchanges and the possibility that sovereign defaults are at least on the medium term radar, what are the odds that btc will be seen as a 'safe', alternate asset class and benefit from the resulting inflow?

USD is increasing toward Euro for long time. Cheap shopping's in USA are history. Now it will be opposite. All USA citizens are welcomed to spend their summer vacations in Europe. Bring your USD and go back home with full bags of cheap stuff.

[tabnloz]

The USD has been on a bull run after the ending of QE. Money has flowed out of emerging markets and into the US, having a deflationary effect. With all the Grexit dramas happening in Europe, it is highly likely that the flow will continue (whether Greece leaves or not) as $ will flow to 'safety'.

I've always thought the USD bull has contributed to outflow from bitcoin (at least in a small part) and I worry it will continue.

But now, with looming legitimization (regulation), US exchanges and the possibility that sovereign defaults are at least on the medium term radar, what are the odds that btc will be seen as a 'safe', alternate asset class and benefit from the resulting inflow?

USD is increasing toward Euro for long time. Cheap shopping's in USA are history. Now it will be opposite. All USA citizens are welcomed to spend their summer vacations in Europe. Bring your USD and go back home with full bags of cheap stuff.

Money is flowing back into the USD away from emerging markets and now the EU area. It's possible other nations follow the Swiss lead because they can't continue to expand their balance sheets (like US/EU can) without risking their economy cracking like an eggshell. It hurt the Swiss short term (ie their currency rose instantly) but to keep the status quo was riskier; imagine them having to keep devaluing the CHF as the ECB prints trillions. Now think if any other places might follow that strategy.

[CryptoTrout]

The USD has been on a bull run after the ending of QE. Money has flowed out of emerging markets and into the US, having a deflationary effect. With all the Grexit dramas happening in Europe, it is highly likely that the flow will continue (whether Greece leaves or not) as $ will flow to 'safety'.

I've always thought the USD bull has contributed to outflow from bitcoin (at least in a small part) and I worry it will continue.

But now, with looming legitimization (regulation), US exchanges and the possibility that sovereign defaults are at least on the medium term radar, what are the odds that btc will be seen as a 'safe', alternate asset class and benefit from the resulting inflow?

USD is increasing toward Euro for long time. Cheap shopping's in USA are history. Now it will be opposite. All USA citizens are welcomed to spend their summer vacations in Europe. Bring your USD and go back home with full bags of cheap stuff.

We're moving towards EUR/USD parity.  I've been shorting euro lately and will likely continue all the way to 1:1.   

[thejaytiesto]

FIATS ever going UP: Delusional bubble, a dead corpse bouncing. Do not want. Just put all your cash in Bitcoin before its worthless.

[Griegura]

USD now that's the real bubble! EUR is doomed lots of inestability coming.

[ajw7989]

The rise of the USD is hurting bitcoin. Bitcoin needs some good news similar to the coinbase exchange being the first approved regulated (which was false but may happen still). China has long been out of the game except to make money with their asic miners.

[BillyBobZorton]

The rise of the USD is hurting bitcoin. Bitcoin needs some good news similar to the coinbase exchange being the first approved regulated (which was false but may happen still). China has long been out of the game except to make money with their asic miners.

It's doesnt matter how much USD seems to recover. It's all an ilusion. It's all magic tricks. In reality it crashing hard. But yes we need more good news.

[chaosknight]

The rise of the USD is hurting bitcoin. Bitcoin needs some good news similar to the coinbase exchange being the first approved regulated (which was false but may happen still). China has long been out of the game except to make money with their asic miners.

rise of USD affects oil,gold and other commodity and currency but i think it don't have much impact on bitcoin and crypto market
they are completely different then a commodity market

[botany]

The rise of the USD is hurting bitcoin. Bitcoin needs some good news similar to the coinbase exchange being the first approved regulated (which was false but may happen still). China has long been out of the game except to make money with their asic miners.

rise of USD affects oil,gold and other commodity and currency but i think it don't have much impact on bitcoin and crypto market
they are completely different then a commodity market

A lot of people continue to treat Bitcoin as an asset/commodity. So there is a possibility that some of this 'easy money' will flow into Bitcoin.

[tyrexs]

so what do you think guys better buy bitcoin or usd?

[grendel25]

I'm all for a strong USD but it also makes me think of what other places in the world are doing better or worse.  I always think of those in poverty and the fact that so much terrorism is spawned from such places.