How To Base Value of Goods and Services To Bitcoin?

[Wexnident]

I guess the issue is that Bitcoin with its high volatility changes could possibly cause issues in pricing (especially for non-automated ones) since it can change high or low quickly? Pretty sure we could still determine the values of goods and services with Bitcoin just like how we do it with fiat.

Though I honestly don't think there'd ever come a time where we need to do that, fiat isn't going anywhere anyway. We may see wide adoption of Bitcoin but it certainly isn't going to remove Fiat in action imo.

[fiulpro]

Yes, its valued over the fiat ofcourse. You have to understand that even right now, you base it against usdt even now right now, when you have to buy/sell or even withdraw the bitcoins, this is converted instantly therefore you have to understand that if we are going to value anything, it can still be done online through applications and softwares therefore I do think that, this is not an issue at all.

Most platforms will charge a bit more, since the volatility is actually not a funny thing and at the same time you also have charges for sending/receiving as well. It's also not the same thing in all the countries alike, some countries have better opportunities for people to buy/sell using bitcoins.

[NelfiNovita]

Now if we all want to make Bitcoin the standard. Right now sure you can use Bitcoin to buy goods and services with. However all goods and services value and price are based by some sort of Fiat.

How do we go about to determine Good and Services value entirely on Bitcoin?

over FIAT

this could take a very long time to make happen.

What methods do you think this could happen?

What if we just compare the prices of goods and services in the form of fiat money, after that we make them in the form of Bitcoin.
For example, the price of a shoe is worth $200 and then we change $200 into Bitcoin (suppose we buy Bitcoin with $200 worth of money when the price of 1 BTC is $39,409 then we get 0.005 Bitcoin) So we bought the shoe for 0.005 BTC.

[Doan9269]

Now if we all want to make Bitcoin the standard. Right now sure you can use Bitcoin to buy goods and services with. However all goods and services value and price are based by some sort of Fiat.

How do we go about to determine Good and Services value entirely on Bitcoin?

over FIAT

this could take a very long time to make happen.

What methods do you think this could happen?

Considering bitcoin on itselt,  it has a unit which is the rate at which a single unit of bitcoin is cost and this is in relation to the measure of it value  with the international most acceptable  currency USD, and also given it a comparison  to one of the most valuable asset of investment  "gold". It may not be something to achieve within a little space of time but rather a journey  of milestone  and fiat may not be totally  eradicated  but in the nearest  future of technological advancement,  it might be less effective compare to bitcoin