btc Weak Dollar Strong Bitcoin

[bogdanoff 3173]

Bitcoin is getting stronger every day and the dollar getting weaker, these are fundamentals of these currencies it is because of Bitcoin fixed supply and rise in demand and because of the dollar fiat features and infinite printing. It won't change and Bitcoin will keep rising in dollar value as more will be adopting it.

[yulitzacalvete 1366]

If the main thing is that you understand that the market is currently very large where we see BTC reaching historical prices every day, where it is not known when it will stop rising, now the dollar has lost value due to the amount that has been spread by the world, both are very useful but I think that BTC would handle the current economy much better.

[Smartor 287]

Dollar now adays seems to be weak and the value is depreciating while the bitcoin and other cryptocurrencies are appreciating and the value is always increasing and it has cut the eye of the global market, is better one should do investment with the cryptocurrency than any other currencies, we hope and pray that cryptocurrency is the future currency of the world.

[Sykkuno 2887]

The price of Bitcoin can rise exponential, it is not just going to keep rising slowly, when it grows it does that in massive green candles and can double up in a few days. Even today, we are at $40,000 and price after two weeks can be $80,000 the way Bitcoin keeps growing, but at one point it will be at the top after reaching very high and it will drop afterwards, so try not to find that point to buy.

[Abdulzy 65]

Weak Dollars and Make Bitcoin stronger, these idea lies in our hands, let assume we have committee on these motion and those to support are in high number we will go with it but no committee on these kind motion so we never can tell whether Dollar is going to be weaker with time.

[pax166 0]

I completely agree with you. The price of coins are affected by economic factors(such as inflation, war, natural disasters) and the lower price of dollar which causes bitcoin to rise could be attributed to the covid 19 pandemic which forced the govt to produce more  money in order to revive the economy that was affected by covid 19. This in turn causes more investment into bitcoins and hence the increase in its price.

[Jack764 1841]

The Bitcoin currency feeds heavily at the expense of the dollar currency and that the matter is increasing significantly and this is because the owners of large funds have entered and also that companies have entered into this field

[Msh9 84]

The increase in the price of bitcoin causes a drop in the price of the dollar due to the increasing demand for this currency, causing a depreciation of the dollar, and its price becomes lower and the bitcoin rises.

[kryptonick 2659]

We can't ignore the fact that problems in dollar and devaluation will make Bitcoin react positively, however this doesn't mean our purchasing power using Bitcoin will be higher, as inflation will rise because of the problematic dollar. In fact it is possible that Bitcoin will be rising by a large percentage at a small drop in dollar price and if we compare the charts with 2017 we can see that the dollar has lost a lot of ground to the euro and is similar priced today at 1.21 euro after dropping from around 1.08.

[Adam786 560]

I think both dollar and the bitcoin have their own value and we cannot deny the importance of both currencies we also cannot compare the prices of bitcoin and dollar because there is a big difference between the prices. But we can say that dollar is weaker than the bitcoin because the price, value and demand of the bitcoin is increasing in the whole world.

[Alsh9 1007]

All expectations and speculations were correct, my friend. Bitcoin has crossed all barriers and arrived today, and we are in 2021 the $ 52,000, no one expected this rise.

[Pereira 2303]

This stipulation in the price of bitcoin had great value, but the price rose much beyond 23k, today the price of bitcoin is at 52k and with an upward trend, this explosive growth is largely, but what will be the maximum scope that bitcoin can arrive, that is the real question.

[Moudr 513]

I salute you, man, for this brilliant reading of the future of Bitcoin. We are now in 2021, and I can happily say that Bitcoin has exceeded fifty thousand, exceeding expectations, and we can say that it hit the knockout against the dollar. Bitcoin has become everyone's dream and surpassed the weight of gold and the status of the dollar according to what I think.

[Ridam 7455]

The USD weaking is real factor for the price increase in Bitcoin. If we see the stimulus package as you have mentioned;its more likely due to huge increase in the total supply of the USD, the inflation kicks the economy.

Also if we analyse the trend , It's more interesting that People Invest the stimulus checque to buy the Bitcoin which further pushes the price of Bitcoin higher and higher. So after the stimulus Bitcoin gets positive effect from two factors:USD weaking(inflation) ,and transfer of same stimulus liquidity to Bitcoin.

[RoyalHouse01 9]

the bitcoin is used more than the usd in the online field now but in the offline market and in outside of the cryptocurrency you will see the dollar is above and there is no name of the bitcoin there.

[Mir Hamza 2888]

Bitcoin is the world's best and number one cryptocurrency. But I think this is the best currency in the world and no currency in the world can compete with bitcoin. The dollar is very weak against bitcoin and the dollar has no competition with bitcoin. Bitcoin is stronger and better than Dollar. As you know the price of bitcoin is increasing with the passage of time and still you can see that the price of one bitcoin has reached $ 56000. 

[Ayinlek 42]

On 28/11/2020 at 6:37 PM, Dormilon said:

Many of us associate the weakness of the dollar against other currencies worldwide as something negative in the US economy, even though there are different criteria on the subject, what is clear is that the weakening of the dollar is beneficial for BTC, when The US federal reserve injects large capital into the economy, lowers the price of its currency and therefore the internal economy tends to become more dynamic, so large capital begins to move and investments appear, for this we see the recent rise in the price of Bitcoin, the injection of money brought as a consequence that the economy began to move and large capitals to seek investment in a scarce currency such as BTC.
An equal or greater stimulus for the US economy is expected for 2021, we will be facing the possibility of a greater increase in the price of BTC, the dollar could weaken and our star currency within the crypto ecosystem will become stronger.
If there is a growth of the BTC in 2021, what would be a forecast for the second half of the year? I think it could go up to 23k dollars.

 

 

 

I seriously don't know something like this is related to the increase of bitcoin, I hope bitcoin could continue rising, I need to make some cool cash.

[Ridam 7455]

On 2/20/2021 at 8:48 AM, Zooon11 said:

@Ridam  Yes, my friend, I understood from your words that the demand for any currency increases its value, so you are right to Bitcoin today. Its price has reached more than 50,000 dollars, which is a wonderful thing in the world of cryptocurrencies and I expect it to reach 100,000 dollars in the near future. Thank you.

If we analyse the pricing of Bitcoin from institution, Microstrategy was bidding at the 50K level, so we are no where near to the peak of this cycle. 100K looks different ,the btc market is right now 1T and it need to be doubled to reach the 100K level for each bitcoin. While looking the bullish trend we see this may likely be true but for taking entry at this level is somehow risky in itself. Its time to watch the gains and book profit for your investment earlier made.