Pricing in Dollar - Pricing in Bitcoin

[goldade]

I believe that bitcoin is priced in US dollars because it's the most accepted currency in the world and it's used in international trades among countries since they use different currencies.
I do not think bitcoin will be priced in Yuan when dollars and other fiats collapse. This is simply because Yuan itself is a fiat and will also collapse should the US dollar collapse.
In case of such collapse of fiat currencies, I think bitcoin will be priced in USDT. USDT, unlike the dollar, is crypto but just like dollar, it's stable. 1 USDT will always be 1 USDT no matter what the price of bitcoin is.

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[AndySt]

I believe that bitcoin is priced in US dollars because it's the most accepted currency in the world and it's used in international trades among countries since they use different currencies.
I do not think bitcoin will be priced in Yuan when dollars and other fiats collapse. This is simply because Yuan itself is a fiat and will also collapse should the US dollar collapse.
In case of such collapse of fiat currencies, I think bitcoin will be priced in USDT. USDT, unlike the dollar, is crypto but just like dollar, it's stable. 1 USDT will always be 1 USDT no matter what the price of bitcoin is.

Never say never. We can guarantee and reliably assert only about the current moment in time and the situation in any area can change dramatically in a short period of time. I think that with the collapse of the main fiat currencies, there will still be some kind of fiat currency that everyone will focus on. The fiat currency of a sufficiently significant country, whose economy and currency will be less affected by the collapse. By the way, the current yuan is less freely convertible than the dollar, and this is now a disadvantage, but in a hypothetical collapse, it can be a plus.

[LUCKMCFLY]

I believe that bitcoin is priced in US dollars because it's the most accepted currency in the world and it's used in international trades among countries since they use different currencies.
I do not think bitcoin will be priced in Yuan when dollars and other fiats collapse. This is simply because Yuan itself is a fiat and will also collapse should the US dollar collapse.
In case of such collapse of fiat currencies, I think bitcoin will be priced in USDT. USDT, unlike the dollar, is crypto but just like dollar, it's stable. 1 USDT will always be 1 USDT no matter what the price of bitcoin is.

You are right, but China has its digital currency already made, in a global collapse it is very likely that it will be traded with its stablecoin, now after having emerged from the pandemic, and with its economic recovery so fast it is most likely that if it is not the USD, come on that Chinese stablecoin.

We do not know if what is brewing by the main fiat currencies is higher inflation, the problems worldwide increased with the pandemic. Regarding USDT you are right, it is crypto, the only thing is that the world has to know the USDT, the most commercial thing is the Chinese stablecoin, somehow I think they could trust that currency more, of course it is my assumption.

[jostorres]

What will we be using, Chinese Yuan?

Depends if the Chinese Yuan is a standard for everyone in the coming time, it's hard but I won't rule out the possibility. The US Dollar which we commonly refer to as USD is actually a standard in the market given the strong financial status of the US and hence most countries compare their growth according to how they are doing against the USD.

or will we be pricing everything in Bitcoin?

No, I don't think there will be pricing in Bitcoin ever because there is a huge difference between assets and currencies, assets have value only until they can be traded for currencies while currency is what government recognizes as legal. Bitcoin's value is determined by how much fiat one is able to spend to buy it.

Pricing in Bitcoin is a refreshing idea and a great explanation of how USD might get removed as the primary currency for determining bitcoin's value by The Pharmacist.

[acquafredda]

Fast forward ten years and this will be a problem for the past as the whole world will rely on satoshi prices for every good and service availbale on Earth.
How much is that coffee? 30 sats! cool.
Hey man, yesterday I bought my new fancy beach house for 1M satoshis! How cool is that?
Dreaming, right?

[Pom_bensin]

I'm pretty sure we all (or the majority) price Bitcoin in Dollars regardless of which
country we are in, I stand to be corrected on this though.

We are all certain that the Dollar and other FIAT are going to crash in the near future
or after we get to grips with this pandemic and financial aid ends. When this happens
we wont be pricing Bitcoin in Dollars.

What will we be using, Chinese Yuan?

or will we be pricing everything in Bitcoin?

Bitcoin and dollar conversion is better nowadays, because all exchanges provide this option. but it seems that the yuan cannot yet be realized because in all exchanges there is no BTC / YUAN conversion, maybe it only exists in China, this happens. so I think now the dollar is the main requirement and the best for current transactions.

[Argoo]

I'm pretty sure we all (or the majority) price Bitcoin in Dollars regardless of which
country we are in, I stand to be corrected on this though.

We are all certain that the Dollar and other FIAT are going to crash in the near future
or after we get to grips with this pandemic and financial aid ends. When this happens
we wont be pricing Bitcoin in Dollars.

What will we be using, Chinese Yuan?

or will we be pricing everything in Bitcoin?

The dollar and other national currencies of states always periodically have problems with high inflation, which is sometimes even followed by economic crises. However, they then lead to a healthier economy, and everything repeats itself in the next cycle. Therefore, you shouldn't worry about fiat, nothing will happen to it. The dollar has problems, but they have been, are and will be, and the dollar has existed for more than one century. Bitcoin will have to be valued in dollars, euros, yuan and other currently existing currencies of states for a long time.

[sujon5]

We are all certain that the Dollar and other FIAT are going to crash in the near future
or after we get to grips with this pandemic and financial aid ends. When this happens
we wont be pricing Bitcoin in Dollars.

What will we be using, Chinese Yuan?

But Yuan is fiat too...
Don't hope that fiat collapse will happen in 2 or 5 years. It's more likely we will use CBDCs soon, and Bitcoin will be priced in digital Euro and dollar.

[bitterguy28]

We are all certain that the Dollar and other FIAT are going to crash in the near future
or after we get to grips with this pandemic and financial aid ends. When this happens
we wont be pricing Bitcoin in Dollars.

What will we be using, Chinese Yuan?

But Yuan is fiat too...
Don't hope that fiat collapse will happen in 2 or 5 years. It's more likely we will use CBDCs soon, and Bitcoin will be priced in digital Euro and dollar.

Where did he Get that Fiat is only compose of Dollar and Yuan is not considered as Fiat lol.

Fiat will never Collapse but economy is in various countries.

Fast forward ten years and this will be a problem for the past as the whole world will rely on satoshi prices for every good and service availbale on Earth.
How much is that coffee? 30 sats! cool.
Hey man, yesterday I bought my new fancy beach house for 1M satoshis! How cool is that?
Dreaming, right?

Nope that's not dreaming Instead that is the future.

[bitgolden]

I'm pretty sure we all (or the majority) price Bitcoin in Dollars regardless of which
country we are in, I stand to be corrected on this though.

We are all certain that the Dollar and other FIAT are going to crash in the near future
or after we get to grips with this pandemic and financial aid ends. When this happens
we wont be pricing Bitcoin in Dollars.

What will we be using, Chinese Yuan?

or will we be pricing everything in Bitcoin?

So how did you get to know that the the USD and other fiats are going to crash in the near future because of the pandemic? And why do you even say Chinese Yuan, like it is the only fiat that can’t crash? Hmm.

Well, in my country we price bitcoin in our native currency and we also price it in dollars, though when I want to sell to peer to peer exchanges I price it in dollars, that way I can as well set the rate at which they will buy it in dollars, for example; let’s say that the rate of one dollar to my native currency is $1 = 2, I can tell them to buy at $1 = 2.5. So that’s the good thing about pricing in dollars for me. And what I have explained now is the reason I always prefer selling to peer to peer exchangers, than making use of big exchanges because big exchanges would usually sell it a normal rate which would be way less than what I am going to get from P2P.