It's almost like we don't value it for itself, but what it's worth in "real" money.
We keep on converting bitcoin back to dollars because the money currency that we need in able to buy things that we need is the dollars. With bitcoin converted into dollars we may be able to get the things that we need and we want and that makes us happy and strong. With bitcoin it can help us make dollars. 
Topic: Why do we keep converting bitcoin back to dollars ? - page 16. (Read 4363 times)
who is we? the only btc i cashed out in 4 years came from the bcc windfall
It's almost like we don't value it for itself, but what it's worth in "real" money.
It is because we can't still use bitcoin on all the things that we wanted to buy this days, bitcoin is not yet the currency that we could use on our everyday needs, we need to convert it to fiat in order to have some money, but I'm sure that it will be soon that bitcoin is going to be the world currency that will replace fiat, and that is pretty interesting, I can't even wait for that to happen though.
The other reason behind this converting bitcoin to fiat is getting ready for another DUMP and going to buy some bitcoin and wait until it PUMPS again to gain easy profits on it.
It's almost like we don't value it for itself, but what it's worth in "real" money.
because bitcoin is not main currency anywhere .
When people will use on mass scale bitcoin it will be easy.
Did you saw what happened to weChat in china ?
It's almost like we don't value it for itself, but what it's worth in "real" money.
bitcoin converting into dollars its simply because the price of bitcoin are based on the dollar rate conversion but here in my country if I need fiat money I convert my bitcoin into they local money according to price converter value bitcoin and dollar goes into local currency conversion, I think depends of the location what they want to convert your bitcoin into fiat.
Good question - we really need more merchants and companies to support bitcoin payments. I heard amazon may be offering this soon
People might have different reasons for this conversions, some might sell bitcoin to cashout some fiat and make shopping, others might just want to sell bitcoin on peak price to buy back some cheap bitcoins later on etc.
Converting bitcoin back to dollar doesn't mean we are not giving any true value to bitcoin.
Converting bitcoin back to dollar doesn't mean we are not giving any true value to bitcoin.
Dollar is our universal currency that's why we refer to it in conversion rate. It would be great to have bitcoin directly as money or purchasing medium but its not yet regulated. We still use paper money of our local currency. We need it at our local currency and this time the only way to convert it is through dollar conversion.
Sometimes we convert bitcoin in fiat currency due to some circumstances like what happened before the August 1 BCH forking. Some of bitcoin enthusiast converts their bitcoin to their local currency because they did not know what will happen to their bitcoin. Someone will do the conversion when there is FUD going on, like what happened recently in China's shutting down of crypto exchanges.
Because it is still a standard unit of money a generally accepted current medium of exchange widely used and accepted in transactions involving the transfer of goods and services in any countries.
Because of uncertainty, volatility, risks bitcoin keep flowing in and out but since it is valuating more than depreciating the money flowing in is way more than out, at the same time that if nobody was selling bitcoin it's value would sky rocket by lack of liquidity and huge spreads. So yes, people sell bitcoins because there is some source of influence making people do it, it may be emotionally or backed by some reasoning and this is why markets are always bull or bear, pump or dump !
Now the infrastructure of services, where it would be possible without any special problems to buy various products for bitcoins, or to pay for various services, is still in its infancy. Therefore, for everyday needs still need regular paper money. In this regard, people are forced to some part of the bitcoins to translate again into dollars or another local currency in order to secure a normal existence in our physical world.
It's all up to each of us. Because not all the necessities of life use transactions with bitcoin and I'm sure that people play with bitcoin with one reason to get money. So that does not mean we do not appreciate bitcoin. If only all small shops received a payment with bitcoin maybe the story would be different but that is not possible because not everyone understands technology.
It's almost like we don't value it for itself, but what it's worth in "real" money.
It's due to most of us deeming Bitcoin more like an asset than a currency. Most of us don't really use it to pay our expenses, including me, we use it as a way of earning and investing money. It's the exact same thing with stock trading. It's almost like we don't value it for itself, but what it's worth in "real" money.
I view Bitcoin as an investment right now like a good stock or mutual fund. There’s not much else I can do with Bitcoin right now at least where I’m located. It’s a store of value but with a profit along with it. I’ll just hold in Bitcoin until I need the money and at that point I’ll cash some out. This may be the main use for Bitcoin in the future as well because of the great potential for it to gain value over time.
I think you are aware that bitcoin has not been widely accepted yet as a means of payment that is why we convert them back to fiat. After earning their preferred and desirable profit in bitcoin some people cash it out in fiat so that they can use it to buy something.
It's almost like we don't value it for itself, but what it's worth in "real" money.
Although I hold bitcoin but at the end I will convert it to fiat because fiat is everything here. Bitcoin is just an asset hence I can't use it to buy things to cover my needs. Btw, I do trading too sometimes and converting btc to fiat is a very common activity for me.
It's almost like we don't value it for itself, but what it's worth in "real" money.
First, we use bitcoin because of the desire to profit, so when bitcoin goes up a high value, we feel satisfied. And we want to sell it to ensure the profit we have. Or another case, that is when bitcoin is unstable, we sell it to avoid losses.
It's almost like we don't value it for itself, but what it's worth in "real" money.
Dollars or others, it is still easy to buy something with paper money. it won't be a good example but if you went to shopping and bought some clothes, how would you spend it. Of course with dollars. If you want to buy a house, you can not pay it with bitcoin in many countries. Therefore people still convert bitcoins to dollars.
It's almost like we don't value it for itself, but what it's worth in "real" money.
Op, not that we don't value Bitcoin but is just that we need to convert it to dollar so that we can purchase some things that one cannot use Bitcoin to buy. There are some shop's that doesn't accept Bitcoin till today and that is why we need to convert Bitcoin to dollar to enable us purchase them. 
It's almost like we don't value it for itself, but what it's worth in "real" money.
As Danny said , start using "most of us" "a large portion' "some" not WE.
Who are you and what does we mean?
Stop generalizing just because you have the impression everybody is doing the same.
First and most important even if we talk about fiat money a lot of people use euro yen yuan and so on.
And the problem with pricing bitcoin is that you don;t have many references in the real world.
You don;t see prices shown in btc in the stores you don't see the price in oil in btc every time in the news so it is normal to refer most of the times to your national currency.
Besides that it is more of a game right now, as a lot are waking up every morning to check how high it went.
It's cooler to say 5000$ than 1.2 tonnes of bread.
I had very simple reason for it.
I needed money in order to start my own business.
I also bought some staff as personal computer etc.
I needed money in order to start my own business.
I also bought some staff as personal computer etc.
Slave trader detected, lols.
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