True.
Which is wrong.
It should not be converted over and over to USD. That is the problem now with most of the investors.
They are stating they bought bitcoin with USD before buying a certain altcoin so it should also be converted to USD.
They think the value of it comes from that. It is just a mere price that says how much it is. The true value comes from the project within the altcoin.
There are still altcoins which are undervalued now because of that.
Topic: Why do people look at the dollar value of a coin instead of the Satoshi value? - page 2. (Read 1398 times)
July 15, 2018, 07:56:36 PM
July 15, 2018, 07:49:35 PM
Bitcoin and other cryptocurrencies will always need something to be compared with to determine the real value.
As long as people aren't able to value Bitcoin for what it is we indeed won't be freed from fiat, but it's not that bad actually. I don't mind fiat being linked to Bitcoin -- the only thing I care about is that I can spend Bitcoin in any country without having to convert it to whatever local fiat currency. Bitcoin being linked to fiat has worked perfectly for a good 8 years, why shouldn't it be able to work in the next few decades? If fiat ends up imploding as a lot people think it will, they will be forced to make the best out of Bitcoin at that point. I will probably have to beg you in order to make you buy my loaf of bread for a couple of satoshis, and the more people do so, the sooner we discover what satoshis are worth without fiat.
July 15, 2018, 07:49:04 PM
It is dollar they invested and is the reason they need to look at the dollar value rather than the bitcoins value. Looking at the dollar value makes you understand the profit gain or loss inured.
July 15, 2018, 07:34:09 PM
People need some referent value to compare the value of Bitcoin in real world and the best for that is fiat money, dollar or some other fiat currency.
It's still hard to get the idea how much is something worth in some cryptocurrency without comparison to fiat because people are used on that for centuries. And we have to admit that we still depend on fiat and that will remain the mainstream,.Bitcoin and other cryptocurrencies will always need something to be compared with to determine the real value.
It's still hard to get the idea how much is something worth in some cryptocurrency without comparison to fiat because people are used on that for centuries. And we have to admit that we still depend on fiat and that will remain the mainstream,.Bitcoin and other cryptocurrencies will always need something to be compared with to determine the real value.
July 15, 2018, 07:27:56 PM
So I see this very commonly in YouTube videos ... and in some telegram groups
Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form
If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world
So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??
Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form
If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world
So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??
People base into usdt value for bitcoin instead of satoshi one thig i can see the reason because as of now the dollar fiat are tge number currency use by the worldwide and also bitcoin are convertible into fiat use people to buy things or foods or its basis in the coinmarketcap value monotoring of altcoins including bitcoin.
July 15, 2018, 06:54:01 PM
We are using fiat money to buy everything we need for living. Still the world isn't turned by face to the cryptoworld. That's the main reason.
July 03, 2018, 07:54:28 PM
Change is not immediate. Before crypto, most of us used the USD in one way or the other for transactions. I bet we still do. People will continue to see the value of crypto in fiat equivalence until we begin to actually accept crypto for most of the things we use fiat for.
April 15, 2018, 01:09:09 PM
bitcoin to USD and this is common uses for every crypto exchange in the world even though we all have different currencies from different countries but the exchange always use bitcoin paired to USD and i think there is no particular reasons for that because USD as the most use currency in the world so use them will make us easy to see our bitcoin value
April 15, 2018, 06:03:02 AM
What do you mean by that i still don't get it. Satoshi value? The heck is that? I think you are referring to Bitcoin? Satoshi has no value in fact all the coin has value of a reall currency depends on the exchange provided currency but mostly used is USD the number or decimals that are appearing in your screen are called rates.
Satoshi is the smaller denomination to a bitcoin value.
1 Satoshi (1 sat) = 0.00000001BTC
So in conversations, you don't go "oh I bought X Coin at 0.00000001", you go "oh I bought X Coin for 1 sat"
That's its purpose
April 13, 2018, 08:54:31 PM
Well basically when we all want to finally sell off our holdings for some fiat we convert it to the dollar value at that moment not the satoshi value so the smaller the dollar value,the lesser the amount you have and vice versa and so people are more interested in that than the satoshi value.For example 1 ether can have any dollar price depending on market conditions and you will always get the dollar value at that point in time,so that should be your worry rather than the satoshi value.
April 13, 2018, 08:34:33 PM
Yeah, we tend to like to compare the price with usd because usd is the most common currency that being used to trade things internationally, so the acceptance of usd is very wide, and we still calculate all of our spending and wealth using fiat, so we like to used usd as the comparison to know how much is our investment
April 13, 2018, 07:56:19 PM
What do you mean by that i still don't get it. Satoshi value? The heck is that? I think you are referring to Bitcoin? Satoshi has no value in fact all the coin has value of a reall currency depends on the exchange provided currency but mostly used is USD the number or decimals that are appearing in your screen are called rates.
April 13, 2018, 07:32:49 PM
The one that compares the performance of a crypto with the dollar does so because it is a simpler way to know the percentage of rise and this is due to the decline that has had btc in its price.
April 13, 2018, 06:51:13 PM
I think it all depends on the limits of ability and the habits of one's way of thinking how they calculate their mathematical calculations.
Basically dollar value is easy to understand and of course we used to lived with it but no matter what currency you are looking the price of bitcoin will remain the same. Always look for the things that is more convenient for you don’t stress yourself for this little thing.
April 13, 2018, 06:47:56 PM
Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form
What is the point that you are trying to make, if you want to see it as it is, more power to you and if you are not interested in trading, it is not compulsory for everyone to trade or see different valuation with the coins they are holding 
. If you are purchasing something you need to know the applicable price in a real world situation and dollar being used to trade internationally we are using that standard to trade bitcoin too. April 13, 2018, 06:12:23 PM
So I see this very commonly in YouTube videos ... and in some telegram groups
Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form
If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world
So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??
The people who see the satoshi value in trading are those who knows better in trading. Satoshis did not know well by new crypto enthusiasts rather they see as trading in form lf bitcoin, ethereum and dollar value only. Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form
If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world
So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??
April 13, 2018, 05:55:13 PM
I think the problemin this case is just that the people dont have the know how what they needed to be a good trader. So they dont know that the dollars price their is is calculated from the satoshi and bitcoin price. SO when bitcoin goes up the coin goes automaticly up in usdollars. But wenn the satoshi price goes up the priec goes really up. But they dont get it, even when they are trading against bitcoin.
April 13, 2018, 05:27:19 PM
I think it all depends on the limits of ability and the habits of one's way of thinking how they calculate their mathematical calculations.
April 13, 2018, 04:18:17 PM
So I see this very commonly in YouTube videos ... and in some telegram groups
Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form
If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world
So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??
Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form
If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world
So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??
Just don't mind them and use your own set of preferred views. We have different perspectives and views on how we like to look on our respective portfolios.
Some of the traders tend to look at the USD value so that they can monitor how much gains or loss are they now since they used fiat for an entry. Some uses btc value to monitor how well their bitcoin quantity is now. But generally, it doesn't have to be a big deal since at the end of the day we need to check them both.
It's not about being USD value more important, it's just that some people preferred "this" over "there".
April 13, 2018, 03:48:49 PM
So I see this very commonly in YouTube videos ... and in some telegram groups
Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form
If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world
So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??
Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form
If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world
So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??
I think you should look at all these charts simultaneous to best understand what is happening on the market. Both BTC and USDT value is important. I know I will hear now that USDT is a scam but is widely used and have a big impact on the market so we can not ignore this currency. I hope that USDT never turn out as a scam because this could have very bad consequences for the cryptocurrencies market.
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