Topic: Why do we keep converting bitcoin back to dollars ? - page 14. (Read 4361 times)
Simply because at this point in time - it is the accepted pegged currency.
For me people are keepin on converting bitcoins into dollars because nowaday fiat money or lets just say dollars is th currebt fiat money
It's almost like we don't value it for itself, but what it's worth in "real" money.
Well i think people convert bitcoin into dollar to measure how exactly the value of bitcoin .and it is because people use dollar, if you use other local currency you are free to convert it into your local money so you know exactly the price you have. 
people convert bitcoin to dollars because people tend to treat bitcoin as an asset. it is a form of job to them as they can earn money and as a form of living.
When the price increases I convert it into fiat and when the price drops I convert it back to BTC. I don't trade BTC to alts.
And also, what's the point of investing on BTC if you won't feel your profit.
And also, what's the point of investing on BTC if you won't feel your profit.
Well we have to convert Bitcoins or other cryptocurrency into fiat most times due to the fact you might need to buy something. For example where I liv no one knows what or where to get bitcoins. I cant yet use my bitcoins to buy food where I am at. I am sure some of you can buy at your local market. Countries like mine or way behind development when it comes to bitcoins. They don't even have a credit card terminal.
It's almost like we don't value it for itself, but what it's worth in "real" money.
my idea.If you do not convert bitcoin into dollars at high bitcoin prices. After the bitcoin price decreases your dollars are reduced. 
Bitcoin is still not legalized in many countries and moreover its is also not directly accepted for online payments aswel . To make the meaning and clear the value and price of bitcoin it is compared to dollar so that people who have very little knowledge about bitcoin can also know about it more .
Many bitcoin users still use bitcoins to convert them to their respective currency so that is why it is compared to dollar .
Many bitcoin users still use bitcoins to convert them to their respective currency so that is why it is compared to dollar .
There are some credit cards that where you can can load money with bitcoin or with other alt-coins. Not very trusted, but at the do exist. Thus bitcoin can be used directly to pay for goods online or offline. Until a very trusted online "bitcoin bank" would not issue credit cards that can be loaded with bitcoin, we will keep converting bitcoin to dollars.
It's almost like we don't value it for itself, but what it's worth in "real" money.
It's because you still need the so called "real" money to buy things, you can't use bitcoin as there are only a few merchants who accept it. If everyone accept bitcoin or at least the majority then everyone won't convert their bitcoin to fiat. 
Re: Why do we keep converting bitcoin back to dollars ?
I don't. I keep converting dollars into bitcoins.
You'd have to be pretty dumb to go the other way around.
Why would you want to take a valuable appreciating asset and convert it into worthless depreciating paper?
So when you fill up your gas you think hmm how many bitcoins is this? Ahh, 0.01. Thats just strange.
When I lived abroad, I always converted the local currency back to USD until I became comfortable with its value. If bitcoin is used in the real world daily, this will also become the norm.
yes we are converting bitcoin to money because there's a lot of reasons.. all people in the world is literally want is the physical money to buy their foods, medicine, new stuff, financial problem like school.. but sometimes they trade they bitcoin to buy some poor currency to resell it again in the high price.
It's because US dollars are relatively strong compared to others, for over 13 years it's very reliable and people are willing to pay less in exchange of dollars. Bitcoin is no exception. In terms of trading holding USD would make your deal very much stable as dollar doesn't drop easily and you were less likely to experience inflation by holding USD. As for fiat exchange, the price of BTC let's say $5000 you would pretty much get the exact same value unlike other currencies which would be marked down at least 10% to compensate the rating risks.
Well it could be simply because Bitcoins has always been measured by USD since it's popularity and so do we eventually.
Well it could be simply because Bitcoins has always been measured by USD since it's popularity and so do we eventually.
Its up to you. If u want to convert to dollar or other currency. Mostly convert to dollars because most people use dollars as currency.
More like they don't have a choice since cryptocurrencies like bitcoin is bot that popular to be used in the real world. In our country we really need to convert bitcoin into fiat because there are so few people who use it and accept it as a payment. We still need the help of exchangers so we can use bitcoin. I think it will take time until we can use bitcoin itself in transacting and paying.
All people have their own vision to use their bitcoins. It depends up on their needs. Most of them always prefer to sell their bitcoin in peak stage and buy some other cheap rated bitcoins,some might sell bitcoin to cash out some fiat and some used to do as shopping .....etc.
There is no use to keep bitcoin as it is .To fulfill our needs we want to convert bitcoin in to dollars. But it doesn't mean that we are not giving any importance for bitcoin.
There is no use to keep bitcoin as it is .To fulfill our needs we want to convert bitcoin in to dollars. But it doesn't mean that we are not giving any importance for bitcoin.
The main reason why we convert bitcoin into dollars is to earned a high profit through fiat currency. Because 1 BTC can exchange 5,946 USD. For me its a huge profit already if i convert my coin into my currency. So as a free earner my aim is to earned a lot of bitcoin to have a big cash to support my financial needs in my family.
All people have their own vision to use their bitcoins. It depends up on their needs. Most of them always prefer to sell their bitcoin in peak stage and buy some other cheap rated bitcoins,some might sell bitcoin to cash out some fiat and some used to do as shopping .....etc.
There is no use to keep bitcoin as it is .To fulfill our needs we want to convert bitcoin in to dollars. But it doesn't mean that we are not giving any importance for bitcoin.
There is no use to keep bitcoin as it is .To fulfill our needs we want to convert bitcoin in to dollars. But it doesn't mean that we are not giving any importance for bitcoin.
USD is still the major conversion unit among all and every economy - may be for that.
It's almost like we don't value it for itself, but what it's worth in "real" money.
Thants not it,, the reason is bitcoin uses is limited because only few businesses is accepting bitcoin but when the time comes that most items or services can be bought directly with bitcoin everything gonna change fast enough..
We value bitcoin as it is but the government who makes licences and prohibited cryptocurrency adaptation to business sector is the problem..
Because not all stores accept bitcoin as payment,they need real money to be the payments of the goods they buy.And some may also want to convert it maybe because there afraid that bitcoin will dropdown,and others would wait for the bitcoin to drop then buy at that rate.
Its up to you. If u want to convert to dollar or other currency. Mostly convert to dollars because most people use dollars as currency.
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