Why compare BTC to USD?

[rb26]

When people talk about Bitcoin price, they usually refer to its price expressed in dollars. I really don't understand why...

US Dollar is going down in price, US economy is collapsing. There are many other countries which has more Bitcoin users, like Russia, China, Japan, Philippines and the whole Eurozone. Even ICOs are forbidden in the USA. It's not a so Bitcoin-friendly country, its national currency is not so strong. So why price Bitcoin in $?

There could be many other more appropriate currencies like EUR, CNY or RUB...

US Dollar is pretty dominating currency. When we are to talk about the currency, dollar will always be there. USD is just the reference of measure. So regardless if the US economy is collapsing or whatever it is just a reference. You can see Bitcoin being converted to another currency, and they just refer to the USD equivalent. I don't know why are you making a big deal out of this. This is just a conversion factor, i.e., 1 BTC = x USD then convert to another currency.

[Kronos21]

As USD is the currency that is accepted mostly all over the world and it is also a very stable currency, so I believe that's why bitcoin is compared to USD.
And local exchanges also list the bitcoin vs local currency pair on the exchange too along with the btc /USD pair.

US currency is not stable at all. While it is usable a lot a places it is not stable, there are far better currency for that... if you want that, stability.

I do not know a more common currency than the dollar. It is known and used all over the world so people give it as an example. Now my sympathy is with bitcoin, but I don't see any willingness of bitcoin is to adapt to modern conditions.

[twthmoses]

As USD is the currency that is accepted mostly all over the world and it is also a very stable currency, so I believe that's why bitcoin is compared to USD.
And local exchanges also list the bitcoin vs local currency pair on the exchange too along with the btc /USD pair.

US currency is not stable at all. While it is usable a lot a places it is not stable, there are far better currency for that... if you want that, stability.

I do not know a more common currency than the dollar. It is known and used all over the world so people give it as an example. Now my sympathy is with bitcoin, but I don't see any willingness of bitcoin is to adapt to modern conditions.

Sure it is used all over the world, but stability is not one of its pro's. I don't know why it is so, superpower and all that, but I like that it is not stable. There is a reason why some Chinese, Singapore, hongkong traders on EBay use Euro's, Australian$ or Canadian$.... anyway i like that it is not stable, just make its better for my bitcoins

[Andre#]

As USD is the currency that is accepted mostly all over the world and it is also a very stable currency, so I believe that's why bitcoin is compared to USD.
And local exchanges also list the bitcoin vs local currency pair on the exchange too along with the btc /USD pair.

US currency is not stable at all. While it is usable a lot a places it is not stable, there are far better currency for that... if you want that, stability.

I do not know a more common currency than the dollar. It is known and used all over the world so people give it as an example. Now my sympathy is with bitcoin, but I don't see any willingness of bitcoin is to adapt to modern conditions.

If you purchase or transfer money to your friends through Bitcoin, you will know Bitcoin really better than FIAT or other payment system now.
Because with function anonymous and nobody can track our money, you do not need verify when send a huge money to your friend

[Mike Mayor]

It's basically because USD is like the "world currency" everything is compared to. Businesses and companies working international almost always use USD. You know what Americans are like. They have to have everything and always be in control. The rest of the world just let's them think they in control. I mean they use the imperial system to measure things. That says alot already. I think after USD maybe eu and pound is next.

[BITDV]

Maybe if the bitcoin selling price uses EUR, CNY or RUB currencies, it will be difficult to understand for the whole world because I think bitcoin uses USD as its selling price and it will be easier to understand for everyone in the world, USD has become the international currency since world war 2 and it has been spread wide across every countries of this world

[djselery]

People compare BTC to USD because USD is used mainly as the first currency worldwide till now, while BTC as the first successful crypto currency still trying to reach this large success and get used everywhere.

[Hazir]

Guys - calm down, does it really matters which fiat currency you use to estimate value/purchasing power of Bitcoin?
It is not like you are limited to using USD or EUR or any other currency.
If you are from Russia or China (or any other country with different currency) you are probably converting BTC to your national fiat money anyway.
And your regional Bitcoin exchange/trading platform is using your local currency too. So if you don't like USD simply disregard it...

[StonedWolf]

We are always comparing things to another better or bigger in goal to develop it and to remain her progression.
Otherwise we will say that it is enough and we will limit its level, let's go back to the example of the BTC vs USD, i think it's obvious to compare them because the first is the first cryptocurruncy and the second is the most valuable currency.

[Yasirmrd]

It's basically because USD is like the "world currency" everything is compared to. Businesses and companies working international almost always use USD. You know what Americans are like. They have to have everything and always be in control. The rest of the world just let's them think they in control. I mean they use the imperial system to measure things. That says alot already. I think after USD maybe eu and pound is next.

Yes I agree with you that most of the world economies are dealing in US dollars so it become a common practice that we see and covert the value of different commodities to US dollars and this is not the case with only with bitcoin. By the way I always convert/google bitcoin to my local currency after seeing its value in US dollars.

[bitllionaire]

It's basically because USD is like the "world currency" everything is compared to. Businesses and companies working international almost always use USD. You know what Americans are like. They have to have everything and always be in control. The rest of the world just let's them think they in control. I mean they use the imperial system to measure things. That says alot already. I think after USD maybe eu and pound is next.

i think that the only reason can be that USD and bitcoin both are currencies, although currently the difference is that bitcoin is online currency while USD is fiat but still as both are currencies therefore we are comparing it with each other. i am sure that in future when bitcoin will become more popular and the users of bitcoin will increase then bitcoin will certainly overcome USD.

[EddyGameta]

Actually it's not just USD which in compare to BTC but also many other currencies of other countries such as CNY, RUB, EUR etc but the most often used is USD because USD has become the international currency

[Kevin77]

It's basically because USD is like the "world currency" everything is compared to. Businesses and companies working international almost always use USD. You know what Americans are like. They have to have everything and always be in control. The rest of the world just let's them think they in control. I mean they use the imperial system to measure things. That says alot already. I think after USD maybe eu and pound is next.

i think that the only reason can be that USD and bitcoin both are currencies, although currently the difference is that bitcoin is online currency while USD is fiat but still as both are currencies therefore we are comparing it with each other. i am sure that in future when bitcoin will become more popular and the users of bitcoin will increase then bitcoin will certainly overcome USD.

Because the transaction made in USD is too expensive, because when you want to exchange your local currency in USD, you will have to give the exchange commission and in bitcoin there is no need for exchange and thus there is also ne commission fee to give. So I think bitcoin is far better than bitcoin. And the other reason is that USD is owned by a specific country and bitcoin is the currency of all the nations of the world.

[SHANTA]

Since USD is a standout amongst the most normally utilized monetary standards in the world.USD is recognizable to everybody, we as a whole know the dollar is an extremely solid unified money comprehensively and most of the nation's ordinarily utilized dollar as a method of exchange.

[jilani]

Everybody knows any currency is count with USD.But Bitcoin is counted two different ways first satoshi and second USD.There are many peoples like to count USD.

[Kencha77]

When people talk about Bitcoin price, they usually refer to its price expressed in dollars. I really don't understand why...

US Dollar is going down in price, US economy is collapsing. There are many other countries which has more Bitcoin users, like Russia, China, Japan, Philippines and the whole Eurozone. Even ICOs are forbidden in the USA. It's not a so Bitcoin-friendly country, its national currency is not so strong. So why price Bitcoin in $?

There could be many other more appropriate currencies like EUR, CNY or RUB...

All currencies around the world depends on US dollar. Unlike before currencies value depends on Gold but now because of the Federal Reserves having the Control of money circulations, they where able to make US dollar as a world currency.

[albertorma]

Well, I also compare BTC to € because I am from Europa. I don't think people comparing bitcoin to dollar is a problem. If finally dollar collapses or something like that (I don't think so), we'll start comparing BTC to €

[Harlot]

It is simple really if there is no U.S. Dollar or any Fiat currency in that matter to compare Bitcoin with, then Bitcoin won't have any value at all as simply it is a matter of how the market expresses how they value something. We the buyers or the demand dictates what Bitcoin's value is. Any item in the world has a given market price in terms of fiat currency as it is how our world react in because Fiat currency is the main medium of exchange we have so it is pretty normal to be valued in terms of fiat currency.

[Kencha77]

Well, I also compare BTC to € because I am from Europa. I don't think people comparing bitcoin to dollar is a problem. If finally dollar collapses or something like that (I don't think so), we'll start comparing BTC to €

In an event that US dollar collapses, Even Euro will collapse if this happens. it will cause a negative impact to the global economy because USD is the  connection between the all currencies

[Flomo]

we know that the dollar is the world's currency, and America has a high economic stability. not just cryptocurrency even online businesses all use dollar shards, so the reason is simple to facilitate the exchange in whatever form you want.