Quote from: Bitfling on October 27, 2018, 01:03:29 AM

Quote from: nyia on October 22, 2018, 01:29:20 AM

Strengthening the US dollar creates effects on the currencies of developing countries. In addition, currency depreciation continues to cause foreign exchange reserves to erode. This has caused an increase in the amount of credit for countries that need large amounts of external spending. Some of the countries most vulnerable to the US dollar are Argentina , Sri Lanka , Turkey , and Zambia. And predictions say the US Dollar will continue to strengthen until the end of the year. Like Chile, Colombia, Indonesia and Malaysia are also vulnerable to digital currency conditions, even though these countries have financial and institutional buffer systems that are able to erase in the short term. One news that is enough to be a shock to the currencies of developing countries. Apart from this, I think this has an impact on digital currency movements which I think are slow and watch stagnant.

US Dollar increasing againts others currency in the world because The Fed plan to increase their interest rate and its affecting to others commodities price too. I dont think its affecting to cryptocurrency price because its different market and crypto price drop recently because many people panic with fake news and selling their coin with cheap price

Broadly speaking, increase in dollar prices does not affect cryptocurrency. but on the one hand, for those who want to exchange fiat other than usd, of course the amount is bigger