Why compare BTC to USD?

[Rishabh riyz]

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.

Bitcoin is a global currency , we can say that but dollars isn't.
Bitcoins can be used in any countries if the trader accepts them , but USD is only accepted in America.
People prefer USD because they are more comfortable with them , but not everyone uses BTC in $ , like people in Europe would prefer€ and others would use their native currency.

[Casabrandy]

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.

Bitcoin is a global currency , we can say that but dollars isn't.
Bitcoins can be used in any countries if the trader accepts them , but USD is only accepted in America.
People prefer USD because they are more comfortable with them , but not everyone uses BTC in $ , like people in Europe would prefer€ and others would use their native currency.

They both have different use, having btc can benefit is a lot in future. Usd is a fiat we can use for living. This two should not be compared. They are both important and we need un living.

[loopes]

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...

it cause USD is a standard bitcoin's price in a global scale. not only bitcoin that reference to USD almost all thing compare price to usd such as gold, stock, and everything investment things. due to usd most commonly used as comparison all thing. even my fiat price compare to usd price.

[yndye]

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...

Because it is a currency that is use by other currencies to have a comparison of the value of their currencies to others. It is a global currency and if you wanted to compare the value of your country's currency (given it is not USD) to others then you should have a common denominator to have a proper comparison and since USD is the most popular of the global currency then it is the one used whether pricing for a commodity, precious metals, cryptocurrencies or fiat currencies.

[madwica]

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.

Bitcoin is a global currency , we can say that but dollars isn't.
Bitcoins can be used in any countries if the trader accepts them , but USD is only accepted in America.
People prefer USD because they are more comfortable with them , but not everyone uses BTC in $ , like people in Europe would prefer€ and others would use their native currency.

Some of the people compare these two because dollar is our universal currency and bitcoin has potential to be global currency even it has no paper money or physical coin. But for now i do not think we need to compare these two because this is not in the same dimension of currency, one is centralized and one is decentralized. But hoping soon bitcoin would create a paper money to used by all people.

[craZyLovE0916]

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.

Bitcoin is a global currency , we can say that but dollars isn't.
Bitcoins can be used in any countries if the trader accepts them , but USD is only accepted in America.
People prefer USD because they are more comfortable with them , but not everyone uses BTC in $ , like people in Europe would prefer€ and others would use their native currency.

Some of the people compare these two because dollar is our universal currency and bitcoin has potential to be global currency even it has no paper money or physical coin. But for now i do not think we need to compare these two because this is not in the same dimension of currency, one is centralized and one is decentralized. But hoping soon bitcoin would create a paper money to used by all people.

Exactly! The US Dollar is hands down the most used currency worldwide. It makes no sense to compare Bitcoin to the Japanese Yen, for example, because most people outside of Japan are unfamiliar with the exchange rate, whereas almost everyone knows the exchange rate of USD.

[stompix]

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.

Bitcoin is a global currency , we can say that but dollars isn't.
Bitcoins can be used in any countries if the trader accepts them , but USD is only accepted in America.
People prefer USD because they are more comfortable with them , but not everyone uses BTC in $ , like people in Europe would prefer€ and others would use their native currency.

USD is accepted only in America?
Lols, where do you come from?

When communism crumbled in eastern europe nobody gave a damn about our national currency.
We all traded in $ and DM.

Check out Venezuela, it's all $ there. Everywhere you go in Africa you can buy over the counter things in $.
I've been on a trip in south asia a few years ago. I even paid my hotel room directly with $ in cash.
There are millions of merchants who are ready to take $ and that don;t have a clue what BTC is.

Let's face it , for the time being the $ is supreme.
BTC might replace it , something will for sure replace it in the future but this won't happen this decade.

And for this do a small test.Think of oil price.
How long did it take you to think 50$ a barrel? How long did it take you to think what the price of one barrel of oil is in BTC ?
And we here all know about btc and we are bitcoin fanatics.

[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

[balakang00]

Simply because it is also a currency, but it’s just a cryptocurrency. It rises up its value and also lowers down sometimes depending on the demand to people. It is both used in different exchange market and it is both the biggest amongst the currencies.

[jackky]

usd is a world curency ! BTC is the most highest price in Online curency ! So BItcoin will always come with USD ! When you have a big amount to btc ! You would like to exchange to real money , usd will be the one ! why would you want to exchange 1 BTC in to YEN , VND ,.... Also USD is most likely professional money ! I guess that bussiness man and millionare always use USD so people kindly like USD more than another CURENCY ! BTC Is also

[micher143]

It isn't really something to do with Bitcoin, it has to do with the world economy.
Whole world is largely pricing things in USD. A lot of country currencies are priced in USD. Oil is priced in USD and many more. They have most of the worlds economy and an old currency, so they stayed on top for use in trading.

World is just used to pricing things in USD. changing to EUR would be a little weird, mostly for Americans and even people in Asia. People really aren't aware of what other currencies are worth, but everybody knows the dollar.

Just like the realtion of altcoin to bitcoin, usd or the dollars is the base of the price of bitcoin. Its serves as a universal currency for bitcoin to set its price on the market. Yet there is no specific direct relation between dollar and bitcoin in terms of system in transaction, investments or trading. Bitcoin is much more seen as a better form of currency for future transactions.

[esatceza]

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...

Do you accept that the dollar is the world's currency and that we can use it anywhere in the world? I think yes. All other comparisons are incomplete and do not clearly reflect Bitcoin pricing and development. So, the dollar is the most suitable currency to compare with Bitcoin

[Pettuh4]

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...

Do you accept that the dollar is the world's currency and that we can use it anywhere in the world? I think yes. All other comparisons are incomplete and do not clearly reflect Bitcoin pricing and development. So, the dollar is the most suitable currency to compare with Bitcoin

I think I agree with you, comparisons are made based on similarities and what's common is that USD is the most popular fiat just as Bitcoin is the most popular cryptocurrency.

[dreamer81]

because the american dollar is the most valuable currency at the moment. In 5 years that has of course changed, because the country is going into the drain, but until then, we compare to the dollar.

[que91]

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.

Bitcoin is a global currency , we can say that but dollars isn't.
Bitcoins can be used in any countries if the trader accepts them , but USD is only accepted in America.
People prefer USD because they are more comfortable with them , but not everyone uses BTC in $ , like people in Europe would prefer€ and others would use their native currency.

They both have different use, having btc can benefit is a lot in future. Usd is a fiat we can use for living. This two should not be compared. They are both important and we need un living.

Nope, in my opinion, in present we can stop using Bitcoin, but if you want stop using Dollar (FIAT), you will have problem because do not have shops accept Bitcoin in your country, even still have shops accept it, you will feel regret when usually spend your Bitcoin for pay transactions fees.

[carlerha]

I do not think it is necessary to compare BTC with USD. It's just a matter of time, we wait BTC become the benchmark currency in the world to shift the USD. Hopefully it can be realized because the BTC exchange rate is greater than USD. Hopefully it will come true so we who have BTC will be the happiest people in this world. Hopefully !

yes that is right to say that it is not necessary to compare bitcoin with USD and I think there is no match between them. because USD is still the most popular fiat currency while bitcoin is an online currency and mostly use for online purposes. may be in future when bitcoin will become more and more popular then we will become able to use it for shopping in online shops also.

[igor245891]

I have a lot of coins gain of USD and BTC decline, so it's important to see it in BTC, as it will

[geyayy]

US dollars is the most widely-known and most stable fiat in the world. When travelling, dollar is the most used currency, and that is why I think Bitcoin is compared to US dollars.

[Kencha77]

For anyone who is interested with this topic, i suggest this youtube video from coldfusion(Who controls all money). He also have other videos related to bitcoin and blockchain.

[pancawati77]

Because bitcoins are connected to the dollar as all currencies across the country are more likely to follow the US dollar.