Why compare BTC to USD? | Bitcointalksearch.org

bgaf

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Quote from: Niya on August 26, 2017, 04:57:48 AM

When people talk about Bitcoin price, they usually refer to its price expressed in dollars. I really don't understand why...

US Dollar is going down in price, US economy is collapsing. There are many other countries which has more Bitcoin users, like Russia, China, Japan, Philippines and the whole Eurozone. Even ICOs are forbidden in the USA. It's not a so Bitcoin-friendly country, its national currency is not so strong. So why price Bitcoin in $?

There could be many other more appropriate currencies like EUR, CNY or RUB...

I think USD is the standard currency in the world market so the value of btc is compared to USD. USD is widely accepted by a lot of countries worldwide that is why a lot of products are valued in US dollars.

bjmpoker001

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Quote from: Niya on August 26, 2017, 04:57:48 AM

When people talk about Bitcoin price, they usually refer to its price expressed in dollars. I really don't understand why...

US Dollar is going down in price, US economy is collapsing. There are many other countries which has more Bitcoin users, like Russia, China, Japan, Philippines and the whole Eurozone. Even ICOs are forbidden in the USA. It's not a so Bitcoin-friendly country, its national currency is not so strong. So why price Bitcoin in $?

There could be many other more appropriate currencies like EUR, CNY or RUB...

i think peoples compare it with USD because USD is a global currency in the world.
nothing wrong about that. even the gold is often compare with USD.

satecream

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people compare to usd because they still need those currencies like we know that investor are more intrest to getting profit in any kind of source and maybe in their country are not fully support payment from bitcoin so they take a easiest chance to convert it into FIAT

ValenciaMAK

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Buying Crypto with credit cards should not be allowed. You don't have the cash you don't buy. Maybe in the future.

iL_P4driNo

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It's because US Dollar still the main currency in the world and Bitcoin should be evaluated by a currency accepted by everyone.

Hero2spin

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Why compare BTC to USD. They are two different currencies. and have different functions. Bitcoin is a crypto currency that has its value and has to be converted to USD in other to claim your cash / reward. USD is a fixed currency that is not volatile while BTC is a digital currency that is very volatile in nature. Both BTC and USD are used in different foreign exchange markets.

zwiggel

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Because bitcoin is a lot of people trust and use the same as the US dollar. bitcoin is strongly influencing the world currency system. Bitcoin is the most valuable digital currency today. Many countries are adopting and using copper bitcoins. So bitcoin can be compared to the US dollar.

tiktak89

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We still use dollars, and we don't use bitcoin as a currency. So whether we like it or not, we still compare.

Bowly88

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Quote from: Niya on August 26, 2017, 04:57:48 AM

When people talk about Bitcoin price, they usually refer to its price expressed in dollars. I really don't understand why...

US Dollar is going down in price, US economy is collapsing. There are many other countries which has more Bitcoin users, like Russia, China, Japan, Philippines and the whole Eurozone. Even ICOs are forbidden in the USA. It's not a so Bitcoin-friendly country, its national currency is not so strong. So why price Bitcoin in $?

There could be many other more appropriate currencies like EUR, CNY or RUB...

Yes why compare them they are not compete for anyone because they are different from each other because the usd is own by the people of the us because it is registered in the us and the bitcoins is not registered by any country they are accessible where you are as long as you have an internet connections and that country is not banning bitcoins. And bitcoins are not own by anyone or anybody they are just created as it is and no one knows who created them and butcoins is much more.likely to be an investment right know rather than currency

Joriecoinbit

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Quote from: indayburakday012 on April 22, 2018, 01:22:56 AM

Well probably dollars is a good kind of currency which in comes to revolution and changes dollars had gone no changes and modifications even in its color. So dollar could be easily distinguish. And i guess most of the countries has a dollar exchange so which means dollar is popular all over the world. However, dollar could not be compare to BTC since BTC as we all know is digital currency that has volatile value while dollar has stable value. And it is not dollar only use to buy BTC because in our place we can use our currency to buy Bitcoin and even exchange it to other cryptocurrency like ether and other top leading crypto in the market.

As bitcoin compare to USD definitely the process is different which USD controls by the government while bitcoin is decentralized and based on blockchain technology. BTC has a potential to grow immediately our moneys because the prices fluctuates when the demand and supply regulates.Bitcoin comparing the USD because the chances to overtake or surpass USD in near future.

indayburakday012

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Well probably dollars is a good kind of currency which in comes to revolution and changes dollars had gone no changes and modifications even in its color. So dollar could be easily distinguish. And i guess most of the countries has a dollar exchange so which means dollar is popular all over the world. However, dollar could not be compare to BTC since BTC as we all know is digital currency that has volatile value while dollar has stable value. And it is not dollar only use to buy BTC because in our place we can use our currency to buy Bitcoin and even exchange it to other cryptocurrency like ether and other top leading crypto in the market.

jakoylantern

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For me, why most of the people compare bitcoin to Dollar because they are the same currency, but bitcoin is digital, and that is the reason why I still think that why they compare bitcoin into some real money or into USD. We all know that bitcoin is a digital currency yes, it is a currency but informs of codes and digital, if you compare it to USD the only thing that they are the same is called money, you can use both sides to buy the things that you want or need, but USD is much acceptable and legal than bitcoin. Both this are same currency but comparing to its capability and ability I think bitcoin win over USD, but comparing into its acceptance, uses and legality USD is superior.

Sumo

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We do this because bitcoin is not the main currency, and to understand what value it has, we convert it into a dollar. That's not surprising.

Elerntta

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Because many people still sell bitcoin, and they need to know at what price they can do it. As long as the whole world does not completely switch to cryptocurrency, we will always compare it with the dollar.

BlockFolksHQ

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I think the reason why BTC compare with USD is because USD is the strongest and powerful money currency in the world that with large transaction volume, thus it is good to compare BTC with USD.

green_fish

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The pricing base of digital cryptographic currency is the same as that of the real economy.

The dollar is the most widely circulated currency in the world. The value of the dollar is relatively stable, which is conducive to the stable exchange rate of all parties in the transaction.

semutracing

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Quote from: AlexAtom on March 10, 2018, 10:59:44 PM

you are right, i wonder why too.
maybe it is because the most of bitcoin investor want their FIAT come back multiple times.
so they often compare it with FIAT currency.

Because both are used in different foreign exchange markets and are both the largest among the currencies. Just because it's also a currency, but it's just a digital currency. This rises in value and also decreases sometimes depending on the demand to people

boddy.dy

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I guess people are comparing BTC to USD because almost all the countries in the world is using USD as a basis currency or we can say that this is the world economics currency. I cannot see any not so good thing about it because this can be just a choice of any people, they have their freedom to choice on where they will base their money currency and bitcoin. The only thing that we must not do is to over compare the price or value of BTC to USD because the price or value of USD is not rapidly or moving fast, unlike with BTC which can change in just a blink of an eye.

thinknow11

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The reason for this comparison is normal because the American USD is enjoying a worldwide acceptability. Every other cryptocurrencies price are been determined by bitcoin value even when bitcoin is going down or up, because bitcoin is the base currency for all other alternative cryptocurrency so as American Dollar (USD) is the base currency for bitcoin.

Urtaev

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The comparison is because the dollar is the most popular world currency, and the American economy, although experiencing difficulties, still remains the leading in the world.

Topic: Why compare BTC to USD? (Read 3030 times)