Why do people look at the dollar value of a coin instead of the Satoshi value? - page 3.

Wipro

hero member

Activity: 924

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Quote from: shiroocrypto on April 13, 2018, 09:45:42 AM

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)??

As of the time we see the fiat currency in usage over all the places. You will not find that at all. There are people invested on the crypto currency increasing day by day but the media and international banking corporates only impacting the bitcoin in the market.
This is everyone knows but newbies does not understand how the corporates playing the game through out this world.
If they understood then there won't be any panic sell in the market.

rayk

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Because they can't spend bitcoin just like they spend usd so they look at the usd value of a coin. At the end they need to have usd to buy house, car, food, making investments in stocks and paying for some expenses.

Nick Abimanyu

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Since most countries regard the dollar as the world's primary reserve currency, for example, if we look at exchange rates, whether on the internet, in newspapers or elsewhere, we can see almost all currencies compared to the US dollar. Why is that? Because as we know that the current US dollar has become an international currency.

butcherme

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Activity: 368

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So that they can be pleased with the value they are seeing. We should take note that money is not yet realized if we haven't traded our funds yet. Not everyone should look inyo the dollar value, some countries don't have a direct dollar exchange. For example, here in our country, if we want to convert our alts, we should trade it to bitcoin and cpnvert my bitcoin to our local currency.

St4yInTh3D4rk

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"STAY IN THE DARK"

Dollar is one of the most popular currency and people from any part of the world can recognize the value of something if we define with dollars,so it might be the only reason if we uses satoshis to calculate the value of crypto currencies many people even crypto currency users don't know the value of the coins and it is not wrong to define them in dollar value.

pandanaran

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Quote from: shiroocrypto on April 13, 2018, 09:45:42 AM

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 value of usd and sat are equally important in my opinion may be because we use more fiat as a measurement of the value of money and we also use more fiat for everyday life, I think you are too much in thinking.

sheenshane

legendary

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Dollar value is just like foreign language, we mostly use that because it is easy to us to identify what the real value if we change into fiat.
If we convert our bitcoin into cash we can easily compute what is the value to fiat compared to compute a fractional number from satoshi value that it might be misleading to everyone about the real value.

Kingofbitcoin12345

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Youtube is an international channel that widely English language speaking audience.. United state dollar as the currency of the world is most appropriate to be compared on bitcoin price.. Be in local channels then you will find local currency used as a conversion from btc..

Satoshi value of its coin is available on market,, but how can a new investors understand this terms using this abbreviation,, sat and btc or anything like that.. It’s a marketing strategy to used simple names for new investors to understood..

bocyaj

sr. member

Activity: 1313

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Quote from: shiroocrypto on April 13, 2018, 09:45:42 AM

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)??

Because the sathoshi is not became a legal world wide.If the Sathoshi became one of the used currency world wide,then this compare will change.And dollar is mostly used currency in many country and top of the currency world.This is the reason for sathoshi and Eth compared with respect to USD.If the Btc replace the Dollar,compare of USD->BTC and USD->ETH will change.

spadormie

sr. member

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It is always connected. Some people tend to look at the dollar value than the satoshi value for the reason that it is easier to compare values than the satoshi values we're having.

Gabz999

full member

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I guess some people are not actually planning to gain or make their satoshi grow and make it into bitcoin then keep it. They are just looking to have a more profit than having more stoshi. Some people is not looking at the price in satoshi because they want to look at the price in fixed not like in sastoshi, they will only see the satoshi not their rel value.

thienlonghue

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It is depend on position of people. If you are long-term and have a positive view at the market, you will look at BTC value. and if you are short term trader, you will choose USD value.

BrewMaster

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There is trouble abrewing

it is mainly used to mislead!

for example during the rise of bitcoin from $6800 to $8100 (the first hour) altcoins were getting dumped because people were pulling out their bitcoins from them but the dump was not as fast as the bitcoin rise. so if you looked at prices of altcoins in BTC you could see the drop but if you looked at them in USD you could see a rise which is the misleading part.

FrueGreads

legendary

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Well that is the view by default, but not everyone does it. A proof of that is exactly what you said, you have the chance to change the view on coinmarketcap to BTC or ETH, instead of using dollar. Of course that we can't forget that we actually don't have a lot of options when it comes to spend our crypto, so it's normal that we use dollar to compare value changes.

Jackblack90909

sr. member

Activity: 552

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Because USD is the most used currency around the world, and it have stable value compared to BTC, ETH and all the other crypto currencies generally.

The crypto prices are volatiles and unstables, so the value in BTC for example keep moving up and down all the time, while the value in USD is somehow stable.

milewilda

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Quote from: shiroocrypto on April 13, 2018, 09:45:42 AM

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)??

Normal thing yet btc is mainly being paired or traded up with USD and now it is somehow part of the culture that btc/usd would really be on focused rather than on using its microvalue on bitcoin itself. We would still see satoshi value but only on doing up trading but if we do check prices then it will surely show up usd value instead which i dont see any wrong with it,

hieuho381

full member

Activity: 504

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Quote from: shiroocrypto on April 13, 2018, 09:45:42 AM

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)??

In my opinion, the US currency is often compared to many other currencies in the world and is considered a common currency in the world.
Satoshi assessment is unfamiliar to traders. I also regularly evaluate the value of the altcoins through the dollars and it has become a habit. You can judge by satoshi, each person has a different habit and they always choose the simplest way to understand the problem.

shiroocrypto

jr. member

Activity: 43

Merit: 2

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)??

Topic: Why do people look at the dollar value of a coin instead of the Satoshi value? - page 3. (Read 1398 times)