Why compare BTC to USD?

[stayeduptolate]

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’s true that bitcoin has gained immense amount of popularity among the people throughout the world and also has gained many users. But still I personally think that dollar is better than bitcoin because firstly, dollar is way more popular than bitcoin and dollar has way more users than bitcoins throughout the world. Dollar is accepted everywhere around the world whereas bitcoin is not used everywhere. Therefore I would prefer holdings of dollar over holdings of bitcoin.

[rtyudg]

I don't think it has anything to do with Bitcoin.
The U.S. dollar is still the most important currency in the world. The U.S. dollar is also the most important settlement currency for oil. The U.S. dollar is also the most influential currency in the world. Therefore, it is not surprising that bitcoin is expressed in U.S. dollars.

[Udrujec]

Bitcoin is not our main currency, and we have to compare it with the dollar in order to navigate the price and understand what its value is at the moment.

[lida311993]

Because we still use dollars and other currencies that we are accustomed to, and bitcoin is impossible to spend now. Therefore, we have to convert it to the usual currency.

[Theonethatgotaway]

Bitcoin is not our main currency, and we have to compare it with the dollar in order to navigate the price and understand what its value is at the moment.

We compare bitcoin to dollar so that we can compare their market cap. We compare them because they're both seen as currencies however bitcoin value is more than that. The distribution of Bitcoin is fully decentralized and is not bound by any primitive territory. On the other hand, USD value is found at this point solely in its liquidity.

[Craigne]

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...

Yes there are many currencies you can compare to but they compare bitcoin to dollars just because dollar is like English which English is the universal language.  Dollars is the most important currency because it is the main comparisons for all currencies like here in Philippines which know the stock market they compare the value of peso and dollars and what have been changed day by day, but it doesn't mean that other currencies can not be compared to bitcoin. It is just that for uniformity purposes,  people uses dollars to compare the value of bitcoin.

[magmar]

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...

Wwhy compared bitcoins yes because they are both in the same thing because bitcoins is digital and us dollars are a physical thing and besides the dollars can only be used in the us if you are gonna used in in the other country you are gonna convert it. But bitcoins it can be used by a lot of other countries but only those who accept bitcoins as a paymemt and bitcoins are becoming as an investment while us dollars are not. Because bitcoins are volatile while cash are not so they are not comparable

[mmo4me.2016]

Usd is a strong currency, used almost everywhere in the world's payment channels. Using BTC / USD is easy for value comparison!

[smileflowers]

so far . the dollar remains the most globalised vurrency .bitcoin is priced in dollars to make it easier for people to assess the value of bitcoin .

[prediction on bush]

USD is familiar to everyone, in online market almost all payments are done in bitcoins same in the case with USD all offline payments are done in Dollars and it is the most stable fiat currency of all time. And also accepted in many countries of world in offline stores. That is the reason why bitcoin expressed its price in USD.

I strongly agree on your opinion that, USD  is familiar to everyone, in online market almost all payments are done in bitcoins same in the case with USD all offline payments are done in Dollars and it is the most stable fiat currency of all time. And adding also my opinion that, I think USD or $ is being compared to BTC BTC because of USA is one of the top Leaders in many industrial business like in currency, products, technologies, Also all around the world many people communicate to each other or any race like asian, europe, black speaks the number 1 language  that is English. In addition, I think this is because the dollar is the top currecny and they want to aim on what dollat have now. Thus,  it is also said that it is like the international currency it is because US Dollars is the most traded currency of all the Currencies.

[kissme09]

People compare Bitcoin with the dollar as they think the dollar is a benchmark for the world and the dollar is the standard convention of the whole. If Bitcoin can replace USD, then believe that FIAT will completely collapse and Bitcoin will replace FIAT as the global payment currency.

[WorldBiz project]

as the pricing is always tied to dollar as it's easy to calculate and compare. Same with BTC, as it's the most famous and spread in the world

[gobingo]

It's sometimes confusing and makes people laugh about it, probably because it's just that Americans who say money $ is the most powerful country in the world.

[Obeng minn]

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...

I think bitcoin has become a new digital money spread in some countries. while the USD currency before BTC is recognized by the world. it will be a comparison

[TirionLannister]

Everyone says that bitcoin is no longer profitable to buy. However, now it is clear that every week its price grows. 

[bitlind]

 They say so, because bitcoin soon too can become a world reserve currency, like the US dollar. And some believe that at all can replace all the fiat money.

[Sar elok]

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...

Every country in the world has its own currency. Why is the currency they are also associated with the dollar? The world economy is reliant with the dollar. So is the price of the bitcoin.

[Ade A Aziz]

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...

USD is the most stable fiat currency and giving a BTC to USD puts a price on bitcoins that the majority of people will be able to understand. If we were to give rates as "BTC to Gold" or "BTC to Silver" then people would have to go and google the prices for Gold and Silver and that would be even less convenient for people. Most people have some idea what the conversion of their local currency to USD is.

I agree with your statement. The USD currency may have a lower value than EUR. But the USD currency is commonly used to determine prices in a global society. It feels strange to mention the BTC price into the EUR, and maybe a lot less respond because it is familiar with the USD.

[Urtaev]

The comparison is because the dollar is the most popular world currency, and the American economy, although experiencing difficulties, still remains the leading in the world.

[thinknow11]

The reason for this comparison is normal because the American USD is enjoying a worldwide acceptability. Every other cryptocurrencies price are been determined by bitcoin value even when bitcoin is going down or up, because bitcoin is the base currency for all other alternative cryptocurrency so as American Dollar (USD) is the base currency for bitcoin.