In what currency other than the USD you know the price of Bitcoin by heart?

stompix

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Quote from: Rabbitqt on April 12, 2024, 05:20:40 PM

USD and AUD. It's cool seeing BTC over 100k in AUD.

So the one currency mentioned is ..another dollar! Grin

Quote from: Cryptomultiplier on April 12, 2024, 10:53:39 AM

It's just funny sometimes when I reason out this BRICS currency issue, because the currency proposed to be used is nothing more than the Chinese currency, Yen.

The funny thing is that the Chinese currency is the yuan, and the yen is Japanese, so there you have it, with people not even knowing the name of how it is supposed to replace it?

Quote from: Dr.Bitcoin_Strange on April 12, 2024, 03:28:14 PM

In my opinion, I don't think that people who are making such comments really hate the dollar(although, some may); they are only saying the facts, because if the dollar was not really de-dollarizing like people often talk about it, then no one would talk about it in the first place,

If de dollarization would indeed happen other than in Chinese and Russian propaganda clips you would have at least soembody here quoting the price of one BTC in yuan or rubles but, as you can see there is propaganda and there is reality.

Mrbluntzy

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Forex traders are the people that are more familiar with other Fiat currency other than the US dollar but what a cryptcurrency users only knows best is the BTC/USDT. I am not a forex traders, the only Fiat I know off head is BTC - USDT. Even for our local currency, I have to do a little maths before I can know the correct value of 1 BTC to our currency. All the time I am buying BTC, I first need to buy USDT before I can then buy BTC with it, it's not my fault that I can not know the price of one BTC to other currency, even on centralized exchange, BTC/USDT is most common traded asset.

virasog

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Quote from: stompix on April 12, 2024, 08:30:57 AM

So if obviously everyone is still even around here pricing everything in USD, at least in private, do you know the price of one BTC in any other currency than the USD and your own?
And when I say you know, I mean by heart, not making the exchange math in your mind, one BTC is 70k , 1 Euro is 1.1 USD so then, or something like this!

Just one tiny experiment, wonder if the outcome is any different than what I imagine!

It is not that we calculate bitcoin valuation in USD but actually, it is human nature that they need to compare the value in terms of a stable currency and at the moment USD or USDT is the stable currency and hence we calculate bitcoin in terms of USDT.

Many people won't even know exactly how much is the price of bitcoin in terms of their local currency but they will only remember it in terms of the dollars. US dollar has been the world's global currency for many decades and it is not easy for anyone to bypass this currency and calculate in terms of other currencies. Times are changing quickly but for now, Dollar is still the industry standard and monetary valuation is still done in terms of dollars.

Volimack

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The main problem is the US central bank or the Federal Reserve. The Fed is not only failing in the economic background but also losing the trust of other central banks of the world which trust the fed considers to be its eternal right. The dollar is assumed to remain attractive to alternative currencies forever. The global monetary and trading system is governed by the dollar. The dollar is the main medium of exchange in the global monetary system.

pinggoki

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Those people don't know what they're talking about, de-dollarization isn't something that only one or a group of countries would be able to pull, this is actually a collective effort that would require the help of all the countries in the world and that's never going to happen because as much as there are enemies to the US, there's also allies to the US and I don't get why they're so mad about the dollar going down in value when that would mean that there's more value for bitcoin and we would get more out of bitcoin and even if the value of dollar goes down, most currencies that would be converting on them would get more out of the dollar. And it's also not because of de-dollarization that has lead to bitcoin becoming more valuable, it's just that there's more demand for bitcoin that the price of it is just increasing. As @Darker45 have mentioned, we'd have seen the dollar fall a long time ago if there's really something like that happening which will never happen because I don't think that the US government would ever want that to happen, they keep on raising the debt ceiling and printing money to prevent that right?

Darker45

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This talk of a weakening or falling US dollar has been around for many decades already. It has already been an issue long before I was born. Until now, the USD remains the king among fiat currencies. Just like any fiat currency, the strength of the USD rises and falls, but so far it hasn't died yet. The world hasn't de-dollared yet. One challenge might have appeared after another, but the USD has remained strong more or less. That's despite all the abuses and shortcomings from those who controlled it. I'm not saying it won't eventually die, but perhaps it won't be happening anytime soon.

Anyway, other than the USD and my local currency, the price of Bitcoin in other fiat currency isn't familiar to me. Although I encounter news once in a while about its price in other fiat, it doesn't stay in my head for long.

Vincom

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Quote from: stompix on April 12, 2024, 08:30:57 AM

So if obviously everyone is still even around here pricing everything in USD, at least in private, do you know the price of one BTC in any other currency than the USD and your own?
And when I say you know, I mean by heart, not making the exchange math in your mind, one BTC is 70k , 1 Euro is 1.1 USD so then, or something like this!

I never look at the BTC price chart alongside currencies other than USD. If I do, it's usually USDT, but since 1 USDT is approximately equal to 1 USD, the BTC price is ultimately often calculated in USD because USD is the most widely used currency in the world. Traders also often analyze the market based on BTCUSD even though they are using many different local currencies. This also shows that the crypto market is actually helping to promote USD on a global scale.

Sometimes, I also like to refer to BTC/XAU, which means the BTC price in Gold. The price chart is quite interesting but I think it is not really valuable for technical analysis and investment.

Rabbitqt

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Quote from: stompix on April 12, 2024, 08:30:57 AM

I was just browsing around the economics section, and again full of de-dollarization, the dollar is dying, bla bla, I was curious what are the people who hate the dollar that much using instead.

A quick look in the service section had a bit strange feeling since, well.. you all know how this looks, 22 campaigns here paying a fixed sum in $ and only 2 in BTC:
https://bitcointalk.org/index.php?topic=615953.3480
https://www.talkimg.com/images/2024/04/12/jnu6z.png

Looking at coingecko all the stablecoins are $ and a tiny bit of gold and euros

https://www.talkimg.com/images/2024/04/12/jnZkq.png

So if obviously everyone is still even around here pricing everything in USD, at least in private, do you know the price of one BTC in any other currency than the USD and your own?
And when I say you know, I mean by heart, not making the exchange math in your mind, one BTC is 70k , 1 Euro is 1.1 USD so then, or something like this!

Just one tiny experiment, wonder if the outcome is any different than what I imagine!

USD and AUD. It's cool seeing BTC over 100k in AUD.

The Sceptical Chymist

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Nope. And also just like a typical American I only speak English--I say that half in jest, but it seems to be the case.

I've not looked at that campaign thread you linked to in a long, long time, stompix. It's been so long that I forgot what section it's in and wouldn't even have dreamed of finding it via bitcointalk's lovely search engine, so thanks. Not to get off-topic but it's unfortunate that most campaigns pay a USD equivalent amount of bitcoin instead of just a fixed BTC rate. No doubt it's because of the massive run up in bitcoin's price over the last couple of years, and it's understandable but....if projects are raking in a lot of money and are crypto-based, they ought to pay their plebian, peasant, pissant campaign participants in BTC/post or BTC/week or whatever.

I'm grumpy. Another American trend these days.

kotajikikox

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Quote from: stompix on April 12, 2024, 10:33:24 AM

Quote from: HeRetiK on April 12, 2024, 09:30:02 AM

1 BTC = 1 Tesla Model X Grin

Double-checking this only seems to apply for the US market though.

So, USD again, lol! Grin

Cause the price of a Tesla S looked like this:

Does this data show how much is a tesla in each country? I thought it was how many in average have bought tesla. Obviously much richer countries like Monaco have paid a lot.

Using tesla to think of bitcoin’s price is a nice idea and I might use it in the future Grin

SmartGold01

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Quote from: stompix on April 12, 2024, 08:30:57 AM

So if obviously everyone is still even around here pricing everything in USD, at least in private, do you know the price of one BTC in any other currency than the USD and your own?
And when I say you know, I mean by heart, not making the exchange math in your mind, one BTC is 70k , 1 Euro is 1.1 USD so then, or something like this!

Just one tiny experiment, wonder if the outcome is any different than what I imagine!

I must say this is very hard to say because in every conversion we need to get the dollar equivalent before putting to whatever we needs to, let say for example BTC/NGN is very difficult to get so easily. Then what next?
We need to BTC/USDT, and then USDT/NGN before possibly we can get so quickly the BTC/NGN in normal heart guessing. So, Is very hard to do away with the usdt since is every easier to get calculated with than another currency in version to btc or any other cryptocurrencies.

Rikafip

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Quote from: stompix on April 12, 2024, 10:33:24 AM

That's one funny thing when I go outside the Eurozone but still in the EU, everyone knows the prices of more expensive things in euros, houses, cars, everything

That's true. Croatia entered Eurozone at the start of 2023 but for many years before that we were expressing value of everything more expensive (like houses, apartments, cars etc) in euro, and before that it was Deutsche Mark.

Quote from: stompix on April 12, 2024, 10:33:24 AM

but when it comes to Bitcoin they all quote the price in $, probably the only stuff that they know the price in USD. Funny but also pretty weird!

I think that's mostly because we got used to to track it that way. CMC/Coingecko and all the other price tracking apps show price in dollars so naturally all of us got used to that.

Dr.Bitcoin_Strange

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In my opinion, I don't think that people who are making such comments really hate the dollar(although, some may); they are only saying the facts, because if the dollar was not really de-dollarizing like people often talk about it, then no one would talk about it in the first place, and the thing is that the dollar had more value years ago when there was less printed dollar cash.

Also, in terms of digital Fiat currency, tether is the strongest and it is the most commonly used online, and because it is mostly used, people will still talk about it all the time. Whether good or bad, people must talk about it. Many people talk against Bitcoin, but yet they are still investing in it secretly. The thing is that other Fiat currencies have also devalued, but people don't talk about them all the time because they are not universal like USDT.

Apart from the dollar and my local currency, I don't know the actual value of Bitcoin in other currencies, and that's because it's only the two currency I am using frequently.

GbitG

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Just like many others have said, I don't even know the price of Bitcoin in my local currency because I never check its price in any other currency than USD, and that isn't only for Bitcoin but almost everything we look at over the internet or anything that we know is international. We check their price in USD first and then convert the amount into our local currency to see how much it costs, but the first currency that we check it against is always USD, so far.

Those who talk about de-dollarization need to realize that USD is still the international reserve currency for most of the countries in the world, and the whole world uses USD for most of their trades and stuff they do online or internationally and there is no shame in hiding this because it's the reality.

Cryptoprincess101

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Quote from: Charles-Tim on April 12, 2024, 09:40:31 AM

BRICS misson is to looking for ways many countries (especially China and Russia etc) will not depend on United States dollars so that they will be able to make US sanction not to have much effect. They are still on it but dollar remains the dominant currency.

United States dollars remain the most traded currency even till now and it makes up almost 88% in total in 2023, just as it was since many years ago.

The highest among the reserve currencies is also still the United States dollars. It account for $58.41 in 2023. https://en.m.wikipedia.org/wiki/Reserve_currency

How about bitcoin pair with fiat? United State dollars accounts for 71.45% of the total world's reserves. https://www.investopedia.com/tech/top-fiat-currencies-used-trade-bitcoin/

The United States dollars have been the reserved currency used by many countries over the years but due to the sanctions that the United States government have been issuing to some countries (more especially those countries that are involved in war) have made them consider moving away from the USD. Even the BRICS alliance that consist of countries like Brazil, Russia, India, China, South Africa (Egypt, Ethiopia, Iran and the United Arab Emirates - new members that joined this 2024) are also considering dumping the USD for other currency as their reserved.

Similar discussion was made here some time ago in the politics and society session

Quote

Dollarization occurred naturally, BRICS mission will be hard to achieve.

Sure but you never can tell since the BRICS have formed an alliance, the can achieve using other currency rather than the USD to trade among themselves without being affected by the USD but the only problem they would have is when they will not be able to get some things within themselves then it will be difficult to sort help from America.

m2017

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Quote from: stompix on April 12, 2024, 08:30:57 AM

So if obviously everyone is still even around here pricing everything in USD, at least in private, do you know the price of one BTC in any other currency than the USD and your own?

Frankly, I don’t know the cost of bitcoin in other traditional currencies other than the dollar. I have no idea how much it costs in national currency. I don't understand why I need to know this and complicate everything. National currencies are very unstable and fluctuate greatly in price against the dollar; in fact, these are less stable recolored dollars. It’s easier to count everything in dollars: real estate, food, services, basically everything. So why separate bitcoin from usual economic worldview? I will continue to count in dollars, as before.

HeRetiK

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Quote from: stompix on April 12, 2024, 10:33:24 AM

Quote from: HeRetiK on April 12, 2024, 09:30:02 AM

1 BTC = 1 Tesla Model X Grin

Double-checking this only seems to apply for the US market though.

So, USD again, lol! Grin

Cause the price of a Tesla S looked like this:

Actually I checked against the European prices first only to realize how much more expensive they are over here.

Actually actually I don't even care that much about Teslas, it's just that a couple weeks ago I've heard the price mentioned somewhere and immediately thought "huh, so 1 Bitcoin" Wink

Definitely wouldn't have remembered it without such a straightforward "exchange rate" though.

Ale88

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Quote from: stompix on April 12, 2024, 08:30:57 AM

I was just browsing around the economics section, and again full of de-dollarization, the dollar is dying, bla bla, I was curious what are the people who hate the dollar that much using instead.

I'm from Europe and I've know bitcoin for a while, I remember that the first times I bought something of course it had to be in euros because of the bank transfer, so at that time I was checking more the price in euro without actually paying too much attention at the price in US dollars. Now since I don't care about cashing out I mainly look at the price in dollars, I always keep an eye on the euro/dollar exchange rate but I don't check bitcoin's price in euro anymore.

Zaguru12

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Quote from: stompix on April 12, 2024, 08:30:57 AM

at least in private, do you know the price of one BTC in any other currency than the USD and your own?
And when I say you know, I mean by heart, not making the exchange math in your mind, one BTC is 70k , 1 Euro is 1.1 USD so then, or something like this!

Just one tiny experiment, wonder if the outcome is any different than what I imagine!

I will tell you this run this experiment on a millions of people and the results will be the same. Although have the platforms for bitcoin price estimation with the option of getting the price in my countries currency but yet still I go dollar, because I am accustomed already to the dollar rate and I know it’s not only me having this problem.

If you ask me how do I see a dedollarization, I will say it’s something that isn’t close a near future. The only thing I see with brics pushing this is basically just to weaken the US political power and not the currency itself. They fell this is what give them central power and since they use it against countries they place sanctions on, the BRICS might believe by introducing a new currency people will have a way round it.

I wouldn’t say it’s not possible but it’s adoption and denouncing of dollar will still take decades from here

Cryptomultiplier

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Quote from: Charles-Tim on April 12, 2024, 09:58:50 AM

Quote from: dzungmobile on April 12, 2024, 09:46:35 AM

I think I understood what you want but it will cause to inconvenience for some related entities (company, manager, participant). Some campaigns have their pay rate directly in BTC but some others want to have a fix pay rate in $, then convert it to BTC for payment. I guess companies and managers have reasons for this choice, convenience.

De-dollarization is not in their mind.

I think stompix is kind of relating it to BRICS and how people are saying BRICS mission could be fulfilled. We know that the main reason for BRICS is dedollarization but using some means to make other countries looking for ways to join the organization.

Here is another dedollarization news I read not quite long: China’s yuan replaces US dollar, euro as Russia’s ‘primary’ foreign currency for overseas economic activity while I have been reading about BRICS mission since some years ago.

Dedollarization is the goal for BRICS currency initiative and it is for a new world order where the USD isn't a major currency for trade and transactions that is the reason for BRICS being created.
It's just funny sometimes when I reason out this BRICS currency issue, because the currency proposed to be used is nothing more than the Chinese currency, Yen.

I know the price of dollar to Naira rate without think much, but the price of Bitcoin in my local fiat which is the Naira, is what I fail to know by heart unless am swapping from BTC to USD or checking the conversion rate before trading it.

Topic: In what currency other than the USD you know the price of Bitcoin by heart? (Read 366 times)