Why do people look at the dollar value of a coin instead of the Satoshi value?

[shiroocrypto]

So I see this very commonly in YouTube videos ... and in some telegram groups

Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form

If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world

So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??

[hieuho381]

So I see this very commonly in YouTube videos ... and in some telegram groups

Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form

If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world

So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??

In my opinion, the US currency is often compared to many other currencies in the world and is considered a common currency in the world.
Satoshi assessment is unfamiliar to traders. I also regularly evaluate the value of the altcoins through the dollars and it has become a habit. You can judge by satoshi, each person has a different habit and they always choose the simplest way to understand the problem.

[milewilda]

So I see this very commonly in YouTube videos ... and in some telegram groups

Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form

If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world

So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??

Normal thing yet btc is mainly being paired or traded up with USD and now it is somehow part of the culture that btc/usd would really be on focused rather than on using its microvalue on bitcoin itself. We would still see satoshi value but only on doing up trading but if we do check prices then it will surely show up usd value instead which i dont see any wrong with it,

[Jackblack90909]

Because USD is the most used currency around the world, and it have stable value compared to BTC, ETH and all the other crypto currencies generally.

The crypto prices are volatiles and unstables, so the value in BTC for example keep moving up and down all the time, while the value in USD is somehow stable.

[FrueGreads]

Well that is the view by default, but not everyone does it. A proof of that is exactly what you said, you have the chance to change the view on coinmarketcap to BTC or ETH, instead of using dollar. Of course that we can't forget that we actually don't have a lot of options when it comes to spend our crypto, so it's normal that we use dollar to compare value changes.

[BrewMaster]

it is mainly used to mislead!

for example during the rise of bitcoin from $6800 to $8100 (the first hour) altcoins were getting dumped because people were pulling out their bitcoins from them but the dump was not as fast as the bitcoin rise. so if you looked at prices of altcoins in BTC you could see the drop but if you looked at them in USD you could see a rise which is the misleading part.

[thienlonghue]

It is depend on position of people. If you are long-term and have a positive view at the market, you will look at BTC value. and if you are short term trader, you will choose USD value.

[Gabz999]

I guess some people are not actually planning to gain or make their satoshi grow and make it into bitcoin then keep it. They are just looking to have a more profit than having more stoshi. Some people is not looking at the price in satoshi because they want to look at the price in fixed not like in sastoshi, they will only see the satoshi not their rel value.

[spadormie]

It is always connected. Some people tend to look at the dollar value than the satoshi value for the reason that it is easier to compare values than the satoshi values we're having.

[bocyaj]

So I see this very commonly in YouTube videos ... and in some telegram groups

Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form

If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world

So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??

Because the sathoshi is not became a legal world wide.If the Sathoshi became one of the used currency world wide,then this compare will change.And dollar is mostly used currency in many country and top of the currency world.This is the reason for sathoshi and Eth compared with respect to USD.If the Btc replace the Dollar,compare of USD->BTC and USD->ETH will change.

[Kingofbitcoin12345]

Youtube is an international channel that widely English language speaking audience.. United state dollar as the currency of the world is most appropriate to be compared on bitcoin price.. Be in local channels then you will find local currency used as a conversion from btc..

Satoshi value of its coin is available on market,, but how can a new investors understand this terms using this abbreviation,, sat and btc or anything like that.. It’s a marketing strategy to used simple names for new investors to understood..

[sheenshane]

Dollar value is just like foreign language, we mostly use that because it is easy to us to identify what the real value if we change into fiat.
If we convert our bitcoin into cash we can easily compute what is the value to fiat compared to compute a fractional number from satoshi value that it might be misleading to everyone about the real value.

[pandanaran]

So I see this very commonly in YouTube videos ... and in some telegram groups

Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form

If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world

So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??

The value of usd and sat are equally important in my opinion may be because we use more fiat as a measurement of the value of money and we also use more fiat for everyday life, I think you are too much in thinking.

[St4yInTh3D4rk]

Dollar is one of the most popular currency and people from any part of the world can recognize the value of something if we define with dollars,so it might be the only reason if we uses satoshis to calculate the value of crypto currencies many people even crypto currency users don't know the value of the coins  and it is not wrong to define them in dollar value.

[butcherme]

So that they can be pleased with the value they are seeing. We should take note that money is not yet realized if we haven't traded our funds yet. Not everyone should look inyo the dollar value, some countries don't have a direct dollar exchange. For example, here in our country, if we want to convert our alts, we should trade it to bitcoin and cpnvert my bitcoin to our local currency.

[Nick Abimanyu]

Since most countries regard the dollar as the world's primary reserve currency, for example, if we look at exchange rates, whether on the internet, in newspapers or elsewhere, we can see almost all currencies compared to the US dollar. Why is that? Because as we know that the current US dollar has become an international currency.

[rayk]

Because they can't spend bitcoin just like they spend usd so they look at the usd value of a coin. At the end they need to have usd to buy house, car, food, making investments in stocks and paying for some expenses.

[Wipro]

So I see this very commonly in YouTube videos ... and in some telegram groups

Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form

If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world

So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??

As of the time we see the fiat currency in usage over all the places. You will not find that at all. There are people invested on the crypto currency increasing day by day but the media and international banking corporates only impacting the bitcoin in the market.
This is everyone knows but newbies does not understand how the corporates playing the game through out this world.
If they understood then there won't be any panic sell in the market.

[wwzsocki]

So I see this very commonly in YouTube videos ... and in some telegram groups

Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form

If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world

So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??

I think you should look at all these charts simultaneous to best understand what is happening on the market. Both BTC and USDT value is important. I know I will hear now that USDT is a scam but is widely used and have a big impact on the market so we can not ignore this currency. I hope that USDT never turn out as a scam because this could have very bad consequences for the cryptocurrencies market.

[harizen]

So I see this very commonly in YouTube videos ... and in some telegram groups

Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form

If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world

So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??

Just don't mind them and use your own set of preferred views. We have different perspectives and views on how we like to look on our respective portfolios.

Some of the traders tend to look at the USD value so that they can monitor how much gains or loss are they now since they used fiat for an entry. Some uses btc value to monitor how well their bitcoin quantity is now. But generally, it doesn't have to be a big deal since at the end of the day we need to check them both.

It's not about being USD value more important, it's just that some people preferred "this" over "there".