Bitcoin Forum

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.

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,

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.

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.

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.

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.

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.

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.

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.

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..

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.

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.

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.

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.

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.

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.

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.

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.

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".

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.

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.

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.

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.

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.

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.

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.

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

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.

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

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

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.

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.

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.

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 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.

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.

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.

Right. And let's face it, in today's time, fiat is still what you use in the real world. I doubt that there are many investors who are looking forward to the bitcoin value of their investments. It's always about the conversion.

that may be one of the reasons why they do it but i think the main reason is because they want to hype the coin that they are advertising and when using its fiat value you can have a bigger hype than when you are using its satoshi value because we all know that bitcoin price is rising so when an altcoin is pumped 100% against bitcoin if you report its price in satoshi you only report that 100% rise but if you report it in fiat you report the 100% rise + bitcoin price rise.

because in the end everyone who want to spend the "sound money of cryptocurrency" must convert to fiat. No matter the price of the satoshi was, they will still think USD, because that's their end goal.

Because that is the actual value of the coin or token.
It gives the real view of the crypto market.
but its upto you how you want to see and analyse the market, If you prefer satoshi than go for it.

I concur as many traders prefer to check the value of the dollars as mostly of them invested dollars into the market. It is good to check satoshi value as this determines wether the coin you bought is growing or not.

Personally, I prefer to check dollar value

Just because measuring against something tangible should be way more convenient, I guess ;)

When I trade Bitcoin pairs, I usually see the price of Satoshis and not the dollar, but when I trade USD pairs then I would look into dollars and not satoshi pairs. Is that simple dude.

I believe they do so because it's much easier to get a "feel" of what is going on in the market.

Doesn't bother me whether they look at the dollar value or the Satoshi value. It's all about "convenience," you know. That's it ;)

Last 2 years interest in bitcoin has grown very much and this has affected its volatility. If you look at the price change chart for 2 years, you can see a sharp jump in price changes even within a day. USD is the most widely spread and stable in the world, because the cryptocurrency is converted into $.

Regarding on the bolded words that you had said I'm not fully aware on how it do works when it comes to tallying up percentage profits. Are you sure about this? having an addition with percentage in fiat value + bitcoin price rise? yet most of the time Tracking sites doesn't show off such statistics and been wondering where you do get those computations? Care to share?

What's the use of looking at the Satoshi value unless you're simply curious?

It's actually easier to calculate your gain or loses when you are using USD as your benchmark as against when it's pegged against btc. An increase in Satoshi value does not necessarily correspond to an immediate increase in USD. And vice versa

Since we invested using fiat currency then most likely you will only be able to see that you have gained some when its dollar value increase. If the satoshi increase but its value went down then you don't feel that much what you have gained that's why it is better to base your gains in USD than in satoshi.

But then it depends as well to what is your aim why you invested in a coin if you want to increase your satoshi or if you want to increase your dollar earnings. You have to decide because you will be confuse later on what you want to hold if it is more dollar or satoshi.

Because sathosi value also has high fluctuacion, and dolar is not. I think all trader and investor will look in to USD value in their crypto investment to know in profit or loss. Some newbies also did not understanding about sathosi value and they prefer to calculate their crypto value in to fiat money.

people should look at  Satoshi value because you trade using Satoshi value as an indicator to the worth of an altcoin vs fiat value is simple. Alt coins are traded in BTC or Satoshis, and the fiat value of BTC fluctuates too much to use it as an indicator of the value of your alts. Instead, you must use something which does not change, which is the amount of Satoshis the altcoin costs.

Because the dollar is more reliable and guaranteed in comparison with bitcoin and crypto-currencies.

Apart from that, we cannot discard the idea that a lot of the cryptocurrency space is still centered on fiat and so many people use the fiat space as an hedge most especially when the prices of their asset is going in an unpleasing way.

Everything about the market is intertwined and it would only be realistic for people to be focusing more on the satoshi value when bitcoin on its own is bullish, but at the same time, you cannot trade btc against btc, and the only way to still go about it is to convert to fiat when in a downtrend.

That is a question that seems to me also lacking in all logic, and only seems to me explainable to strengthen the idea that many of the new investors who are putting their money in this market, do so solely and exclusively driven by the speculative eagerness, without a real commitment or interest of what cryptocurrencies can offer to change the economic relations of individuals.

If people are so interested in the value of cryptocurrencies in terms of the American dollar, it is because they are interested only in economic performance to sell them as soon as their price satisfies their ambitions.

The usd value is more important than satoshi, because it is tied to different states.