Post
Topic
Board Bitcoin Discussion
Re: USD down again. BTC rock steady.
by
BusmasterDMA
on 21/07/2011, 20:59:16 UTC
Exactly.  If you're measuring BTC value in USD, then a fall in value of USD also means a fall in value of BTC.

You guys realize that dollar debasement results in more dollars needed to price in equivalent value? So the dollar-based price would in fact rise. Part of that dynamic is happening in gold right now.
True, but we don't see it reflected in day-to-day BTC/USD prices as you do with Au/USD.  I think as more foreign currency Bitcoin exchanges open, we'll see the value of the BTC less-closely associated with the USD.