Is it possible to use BTC and USD for pricing at the same time?

[20kevin20]

The answer to your question varies from person to person because it depends what the said person prefers: earning a larger value of USD or of BTC. If I only care about making USD profits, there's going to be a link in my store between the prices of my products and USD. If I'm like OgNasty and (probably) think Bitcoin will be worth much more in the future anyway and USD is crap, I will probably not care about earning USD.

[CryptoStar19]

The OP's post deals with the crooks of the problem with bitcoin as a currency: you need stability in the value of a currency before being able to price things in that currency... the current levels of volatility doesn't allow this. The best we can do is to have a price in USD and another in bitcoin that would be updated frequently based on market volatility.

We can see that those services that accept bitcoin currently are doing this because there would be no other way: they have USD pricing, and give the option of paying with bitcoin... when you try to pay with bitcoin their payment processor gives an equivalent BTC price that would change based on the market.

[kryptqnick]

Op, I think it's alright for the sake of simplicity to set the price in USD (because it's way more stable) but allow payment in BTC. However, I think other options are reasonable, too. 1 BTC = 1 BTC, of course, BUT Bitcoin's purchasing power is changing a lot over short periods of time, so what the price in USD captures (that is, an estimation of purchasing power) does matter when it comes to buying stuff with Bitcoin. Back to options, there could be doubled price tags, showing the price in BTC and in USD. Price tags could be digital, updating in real time based on the fluctuations of Bitcoin price. I think it could be done, but there's not enough demand for that.

[BOAEDAN]

there are some projects that apply the gands price to something that is very unlikely, because many people don't care about the price equation because we prefer to sell freely on the stock market at a fixed price, because this can also be a steps that must be determined by the investors themselves with a certain selling price

[adzino]

I want everyone to think about this question, what is the target of payment with Bitcoin. Dollars? Or Bitcoin? I think if you use Bitcoin to pay. So no matter what the value of the dollar, companies should sell their products at a fixed price.
for example
USD: Once Musk sold Tesla to use Bitcoin for payment, but when Bitcoin fluctuated, the payment was different, and later the Bitcoin payment was cancelled.
BTC: I know ognasty's fan site https://nastyfans.org/mint. In the website, the price of 1BTC=1BTC will not change. No matter when the product is, the price will not change.
If the number of bitcoins fluctuates with the U.S. dollar, it still means that they are priced in U.S. dollars and can only be purchased through Bitcoin.
What is your opinion? Do you think Bitcoin should be priced in U.S. dollars? Is it possible to use BTC and USD for pricing at the same time?

Because it's impossible to do that right now. The supply of bitcoin is limited, hence we can't be having "fixed" amount of coins for the products we want to buy. If all products value had a fixed price in btc, then imagine what would happen if one guy held most of the coins. No one would be able to afford anything. If you are talking about why people use "USD" or some fiat currency to value, then it is because people find it easier to use fiat currency. When you receive a bill or try to settle any payment, when you will be seeing it in BTC, it would be confusing for you. You would still be converting the btc to fiat value first. This might change when everyone starts getting paid in crypto.

[verita1]

Futurologists have made predictions that Fiat will be replaced by bitcoin and cryptocurrencies.
The most successful is the following:

In 2018, the famous futurologist made a prediction that cryptocurrencies are to replace 25% of fiat assets by 2030. The Morgan Creek Capital Management and its analysts also stated that fiat would be replaced entirely by cryptocurrencies in the future.
https://www.financemagnates.com/thought-leadership/can-cryptocurrencies-replace-fiat-in-the-future/

I think some of you will agree with me that we own more bitcoin and crypto than fiat. We all lead destiny together based on what we believe, in search of solutions because inflation is latent and humanity needs an answer to the facts of life in harmony with the planet.

[tiCeR]

You should visit a country with hyperinflation and you will get your answer.
Imagine in Venezuela you want to price something in bolivar, it can be worth a certain amount today and another higher amount tomorrow. Nobody sells their product at a "fixed price" in Venezuela simply because their currency value is volatile, in this case declining. One could use a more "stable" currency like USD to price everything and give a variable value in VES but that also doesn't mean bolivar is priced in US dollars and can only be purchased by it!

It is the same with bitcoin, since its price is volatile (in this case rising most of the times) people use another more common currency to set the price specially since they already use that currency. For example in Japan the shop would set the price in JPY and you pay a variable amount of bitcoin depending on the price at that time.

In other words 1BTC=1BTC does not also mean 1BTC=1product.

Right and this will be situation for many years to come. Even Gold's volatility is too high to be used as a unit of account for goods and services. Although we don't like the inflationary way the USD has been taking for decades, the fact of the matter is that we won't get around a "stable" currency for daily commerce. Even if you take the DAI, the issue is that the underlying you deposit for it is also highly volatile and I am not sure how high the risk is of DAI actually breaking. We will need some time to come up with a technically sound solution that is purely crypto based I suppose. 

[Kiley33]

Merchants should be able to adjust it right? Idk much about tech stuff but since some merchants are able to accept Bitcoin as payment, the barrier of volatility shouldn't be much of an issue (though the discrepancies at times is still a problem, albeit small in effect I think). 1BTC = 1BTC would always hold true, but pricing a product in terms of BTC shouldn't always be a constant value, BTC itself is a volatile market, changes would naturally occur to the price hence why the value of BTC to be paid should also be adjusted. We use fiat to convert and calculate it because it's a lot easier for both sides.

Pretty much why I say that Bitcoin wouldn't really be separated from fiat anytime sooner imo. We can't just slap into the world that they should price everything into Bitcoin, without any corresponding currency to help them actually provide a solid value to products since BTC changes in value, products don't.

It suddenly occurred to me that prices can be priced in fiat currency, and there will be discounts when using Bitcoin. In this way, everyone will definitely be willing to buy with Bitcoin, thereby increasing the utilization rate of Bitcoin.

[fiulpro]

It's definitely possible to pay in Bitcoins at most of the places but you have to understand that there are not many companies and people doing it right, therefore at the end of the day they end up abandoning the concept. I do think with Tesla what happened was *they tried to fluctuate the market and make it more volatile in the first place which ended up bad for them, then they tried to do the same with dogecoin and this was nothing but sheer intimidation from a big while, did not ended well. I do think that what's needed right now is a wallet that can provide people with the option to convert instantly and pay using lightning network, that might work very well for everyone who is willing to use cryptocurrencies on a bigger scale.