Quote from: mastica on October 04, 2016, 06:43:40 PM

Quote from: Chrismeister on October 04, 2016, 02:59:10 PM

Quote from: Bitcoinbee on June 07, 2016, 10:23:33 AM

The US dollar has been dictating most of the trades world wide from crude oil to anything. Is there a possibility that it will dominate in the trading of Bitcoin?

Yeah the US Dollar is already dominating the Bitcoin trading and I do not believe that it is going to change anytime soon now.
Why the US Dollar is one the that is dominating is something that I also do not know.

Dollars are the main currencie worlwide, all transactions export and import are based on the dollar rating, dont know why they keep that way, as China and others countries wich has low cost on the production make the transactions considering dollar and not their own currencie.
Anyway the bitcoin and almost all currencies are traded against dollar, eur/btc has low volume if we compare them.

Everything is decided as per the US dollar and even when we trade in bitcoins, we mainly check the US price and the other currencies follow it. Since USA has the best economy and bitcoins aren't the currency of any country, the comparison holds no validity and hence no competition. If the dollar falls, it instead has an effect on bitcoin prices.