Btc vs dollars

[tjtonmoy]

I would say it would make sense to tie the "price" of it to dollars, because you need to understand somehow how much you need to pay to get it, but aside from that I agree. There is no situation we can just make it work without having any type of connection to dollar in the value terms otherwise we wouldn't know how much we need to pay.

If you want to go and buy some bitcoins, how would you pay to get it if we do not have it in it's dollar value as well? We are going to give gold instead? Or something else? Dollar valuation is the best one we have so far, I am saying dollars but that was the given example, I could say any other fiat too, there are many nations where they have local exchanges which you can turn from their fiat to bitcoin as well.

Yeah, you got my point. Except for valuing what Bitcoin worth there's nothing there for us to tie Bitcoin to dollar. For a better understanding of how much we are getting after paying what amount is the reason we chose to value Bitcoin based on dollar. Other than that, what else can it do?

There are no exact amounts of Bitcoin for products. And as the market is volatile even if we choose a standard value then it will fluctuate with price change. Only because of this reason, we need to tie the price of Bitcoin with dollar. But if there's a standard value for every product that is determined by Bitcoin then we will never need dollar to be involved. But the price volatility places a challenge, a difficult one and that's why we determine Bitcoin's value by dollar. Other than that, Bitcoin is on its own and Bitcoin is Bitcoin.

[ndutndut]

Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..

What you need to know is that BTC has nothing to do with any fiat, in fact BTC was born with the idea of an alternative currency to respond to anxiety about the recession and debt that occurred in the dollar at that time. With the hope that bitcoin will create an alternative financial system that is resilient to socio-economic changes and geopolitical conflicts. Bitcoin is decentralized and cannot be controlled. Bitcoin is built through a decentralized network. This is very different from the dollar, so there is absolutely no connection.

[hafiztalha]

Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..

Bitcoin and Dollar are two different things.Dollar is a currency  that is controlled by US government and in this way US government holds the power to control economy of World because most countries are depending on Dollar value  and Dollar value is very good and it's value will go up in future and in past years , Dollar growed a lot but Cryptocurrency is a software that is not catched physically by any person.Bitcoin is famous crypto currency and if any person wants to grow his wealth by investing in Bitcoin,this time is best to invest in Bitcoin because market is crashed and market will grow up in future and it's price will go up to 70 k Dollars.The person who will hold Bitcoin this ,he will get a huge amount of profit in future and his life will change and he has to do no work in future.

[Dripplurd]

What could decide the durability and value of bitcoin? I have some ideas..

So what are your ideas?

Meanwhile, nobody can tie bitcoin to any fiat currency. Bitcoin is independent from any government regulation as it is decentralized visual currency that is deflationary and halving occuring every 4  years keeps it demand more valuable.

Bitcoin has a limited supply of 21 million bitcoin that can be mined,while the US dollar has an unlimited supply, with new dollars being printed as needed.

[komisariatku]

Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..

As far as I know, bitcoin is not tied to anything including the USD dollar. Bitcoin is independent and supported by the community, the limited number of bitcoins is a valuable value unlike dollars which are always printed carelessly. The price of bitcoin is influenced by market supply and demand, no single entity can control or freeze the bitcoin assets that we store in our own wallets.

I have some ideas..

What kind of idea do you mean? I'm curious about your ideas

[348Judah]

Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..

Maybe you should be the one to understand the concept well in this regard, bitcoin is an independent digital currency and you could get this confirmation from knowing why it's a decentralized currency, so it's left on you to make your choice on what to do with it, USD is not the controller of bitcoin, you can choose dollar or any of your local currency to determine the rate of what bitcoin is, this means not only dollars can be used to quantify the value of bitcoin, it has it dependency on it market supply and demand and the entire network, we only make use of USD because it's the most common whereas any other currency can estimate bitcoin value.

[Essential10]

Dollar is the name of currency of more than 20 countries of the world. Now I will calculate the currency of any country as the dollar value of different countries is different. Brunei Dollar, Hong Kong Dollar, Jamaican Dollar, Liberian Dollar, Namibian Dollar, Singapore Dollar etc. These established currencies note the economic importance of countries and rise and fall based on trade transactions as well as supply of their value. Meanwhile, the American dollar is used all over the world and is considered as the main currency in trade. Bitcoin is a volatile currency, even though Bitcoin has an independent, security and regulatory perspective, it is very volatile and volatile. Dollar is a fixed fiat currency, dollar is official currency. Bitcoin is operated independently, not controlled by governments or banks. Bitcoin's value fluctuates against the dollar and can be used to invest. Bitcoin is a medium of supply much like precious metals in that the demand and use of dollars is much higher than Bitcoin. It uses a public ledger, which stores a brief history of all transactions.

[Popkon6]

Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..

Bitcoin is not dependent on anyone, because no fat is associated with money. Bitcoin is a decentralized currency not controlled by any country's government. And no one can know about someone's transaction is the main feature of privacy. Bitcoin is not regulated by any country's government, which is why it is currently the most popular all over the world. In particular, Bitcoin is directly free from government regulation because it is not regulated by any country's government, which makes everyone interested in Bitcoin transactions.

[philipma1957]

Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..

The USD is backed by one of the worlds largest armies.

Bombs jets ships etc.

For now the world is still banking on the USD as the premium money.

Now do I believe the dollar is well managed by the USA government no I don’t

The USA has not made budget in 20 plus years in a row.

[doomloop]

Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..

You are misunderstanding the whole concept. Bitcoin is not tied to the dollar or any other currency, the currencies are used just to determine the value of Bitcoin, and one doesn't necessarily have to exchange their Bitcoins for dollars or vice versa. If you use a P2P exchange, you can convert your Bitcoin into any currency, even your local currency, without any problems and you will be able to see the value of Bitcoin in your local currency on that exchange.

So, essentially, Bitcoin stands on its own, it's just that when we need to convert our Bitcoins to cash since Bitcoin isn't yet accepted everywhere, we need to get its value in the currency that we want it, and because the USD is a global currency that is used to determine the value of almost everything that is traded internationally, we often see its value being shown against it, other than that, the USD has no connection with Bitcoin whatsoever.

[AprilioMP]

Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..

Linking Bitcoin with fiat currencies such as Dollars, Euros, Pounds, Yuan, Yen, Rupiah only as a trading pair I might not consider wrong. Linking Bitcoin with fiat currency in another perspective may not be appropriate because 1 Bitcoin is still worth 1 Bitcoin, not 1 Bitcoin equals $36,732.27, €34,334.95, £29,913.68, Rp. 575,320,583.
 
Linking it to the price of fiat currency, the value of Bitcoin will change like the value of fiat currency. Obviously this is contradictory because Bitcoin, from the results of the research that has been carried out, is the best hedge against all fiat currencies in the world.

[m2017]

You are misunderstanding the whole concept. Bitcoin is not tied to the dollar or any other currency, the currencies are used just to determine the value of Bitcoin, and one doesn't necessarily have to exchange their Bitcoins for dollars or vice versa.

Bitcoin is an independent currency. Here you can often see the formulation that 1BTC=1BTC and I absolutely agree with this.

The value in dollars is some abstract concept, only for those who sell and buy a bitcoin as an asset, like a security. That is, a speculative instrument. But if you use it as a currency, then all this valuation in dollars immediately disappears. Remember that story about buying two pizzas for 10.000BTC. Dollars didn't used there at all and bicoin were used as currency, that is, electronic money. It had its own denomination.

If you use a P2P exchange, you can convert your Bitcoin into any currency, even your local currency, without any problems and you will be able to see the value of Bitcoin in your local currency on that exchange.

Or convert into 2 pizzas. It all depends on how you negotiate with the other person.
Can exchange bitcoin in various ways. P2P exchange is far from the only one.

So, essentially, Bitcoin stands on its own, it's just that when we need to convert our Bitcoins to cash since Bitcoin isn't yet accepted everywhere, we need to get its value in the currency that we want it, and because the USD is a global currency that is used to determine the value of almost everything that is traded internationally, we often see its value being shown against it, other than that, the USD has no connection with Bitcoin whatsoever.

This is roughly what I wrote above.

The USD does't have a direct connection with BTC, but it turns out that there is still an indirect connection, if there is already a tradition that next to bitcoin the current exchange rate relative to the dollar is always indicated.

[Suzume]

BTC vs dollar I will choose BTC. Because if you want to savings then you can hold your earning in BTC. If you do proper analysis and invest in right time then you invesment dollar will increase. The predictor predict that 1 BTC = 1 BTC . I always choose to a hold dollars in BTC because the money I hold it increase after investment if you hold it for a long time then you will get double profit of your investment amount.

[Dunamisx]

BTC vs dollar I will choose BTC. Because if you want to savings then you can hold your earning in BTC. If you do proper analysis and invest in right time then you invesment dollar will increase. The predictor predict that 1 BTC = 1 BTC . I always choose to a hold dollars in BTC because the money I hold it increase after investment if you hold it for a long time then you will get double profit of your investment amount.

How should we even start by comparing a local traditional fiat currency to bitcoin which is a decentralized digital currency, they are two opposite things which their lines cannot cross or meet, i believe that some people who are not interested in knowing about bitcoin will still prefer using fiat than bitcoin because of their kind of mindset and orientation they had about bitcoin, but for the benefit of those that have adopted bitcoin already, they understand well what they stand to enjoy from bitcoin when using it for their daily financial and economic use.

[DeathAngel]

Bitcoin will continue to be tied to fiat currencies for a long time. When I say that, I mean there will be USD/BTC pairings for a very long time, just as there will be CNY/BTC, GBP/BTC & so on. People still use fiat for every day things, get paid in fiat so until that changes we will still see people valuing bitcoin in their national currencies.
1 bitcoin = 1 bitcoin of course but normies don’t think this way. Bitcoin isn’t going to be THE only used global currency so get used to it.

[bitnote]

I've been thinking about how Bitcoin is currently tied to dollars. You know, dollars don't have any backing like gold, but Bitcoin comes from a significant energy investment. Maybe it's time for Bitcoin to stand on its own, separate from dollars. What really determines the lasting value of Bitcoin? I've got some ideas on that.

[South Park]

Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..

Everything can be expressed in whatever terms that you desire, it is just that the preferred method to express this so most people understand what we mean is by the use of the US dollar, but you could express the price of bitcoin in terms of euros, gold, lambos or potatoes, and the same is true in reverse, in which we could express everything in terms of bitcoin as well, so I do not really see what your problem is with this since bitcoin is in no way tied to the dollar.

[Bushdark]

Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..

I think you need to understand what you have written so that you yourself will know that it's  not possible. It is only stable coins that can be tired to the us dollar. If you have been in the market for a long time before now, you will understand that there are coins they called "Stable coins" they are pegged to the us dollar.

 They don't appreciate or depreciate just like Bitcoin. That are the coins that can be stable like Bitcoin. If become ever become stable that it will lose it potential and people will no longer use it for investment purposes again which could collapse the entire crypto market.

[South Park]

I've been thinking about how Bitcoin is currently tied to dollars. You know, dollars don't have any backing like gold, but Bitcoin comes from a significant energy investment. Maybe it's time for Bitcoin to stand on its own, separate from dollars. What really determines the lasting value of Bitcoin? I've got some ideas on that.

And what do you exactly mean by standing on its own? Bitcoin is already its own ecosystem with rules that are completely different than what you can find on the fiat currencies printed by governments, if that is not standing on its own then I do not know what it could be, bitcoin like everything else can be priced in whatever terms that you may like, in fact that is one of the advantages of money in general, as it allows you to more easily measure the value of something else and make comparisons among them.

[ichsan ardi]

Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..

I don't think bitcoin will ever be bound by any fiat currency because as far as I know, the purpose of bitcoin was created to replace existing currencies in the world transparently and there is a limit, correct me if I'm wrong