In what currency other than the USD you know the price of Bitcoin by heart?

[stompix]

I was just browsing around the economics section, and again full of de-dollarization, the dollar is dying, bla bla, I was curious what are the people who hate the dollar that much using instead.

A quick look in the service section had a bit strange feeling since, well.. you all know how this looks, 22 campaigns here paying a fixed sum in $ and only 2 in BTC:
https://bitcointalk.org/index.php?topic=615953.3480


Looking at coingecko all the stablecoins are $ and a tiny bit of gold and euros



So if obviously everyone is still even around here pricing everything in USD, at least in private, do you know the price of one BTC in any other currency than the USD and your own?
And when I say you know, I mean by heart, not making the exchange math in your mind, one BTC is 70k , 1 Euro is 1.1 USD so then, or something like this!

Just one tiny experiment, wonder if the outcome is any different than what I imagine!

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[Poker Player]

A quick look in the service section had a bit strange feeling since, well.. you all know how this looks, 22 campaigns here paying a fixed sum in $ and only 2 in BTC:

But I'll tell you what happens with those that pay in Bitcoin because supposedly 1BTC=1BTC. What happens is that if the price of Bitcoin in dollars goes down, or if you prefer, if Bitcoin loses purchasing power, the payment in Bitcoins is the same, so the company actually saves money. And if the Bitcoin price goes up, the rates are adjusted. The only one that endured for a long time without doing this was CM, until it was a scandalous thing, there were jealous people who started to protest and CM ended up paying in dollar equivalence. I am not saying this because of those two in specific, it is what usually happens.

So if obviously everyone is still even around here pricing everything in USD, at least in private, do you know the price of one BTC in any other currency than the USD and your own?

I sometimes look at it in Euros, but mostly in US Dollars. As we have discussed in other threads, the dollar is a depreciating currency, but most of the ones that try to compete against it are much worse. It is still the world's reference currency and the safe haven currency no matter how much people try to say otherwise. Sure it is not as strong as it was 30 years ago but it is nowhere near as bad as it is being portrayed.

[bluebit25]

(...)So if obviously everyone is still even around here pricing everything in USD, at least in private, do you know the price of one BTC in any other currency than the USD and your own?
And when I say you know, I mean by heart, not making the exchange math in your mind, one BTC is 70k , 1 Euro is 1.1 USD so then, or something like this!

Yep, as you mentioned about stablecoins, I suddenly realized that I also have to use USD as the unit to calculate even if I later convert it to fiat form. But I'm not sure because when looking back on binance there is still a lot of liquidity for other



 stablecoinsmaybe they are not popular or updated on cmc, cgk,... because they are only based on management from the existing platform.

[Solosanz]

It's obvious for most people to evaluate global/international stuffs in USD equivalent, it's why USD is really hard to be overtaken by other currency.

USD is one of many strong fiat out there, even though it's depreciated i.e. the value decrease overtime, but people still trust it.

People who live in third world countries didn't hate USD, instead they choose to invest in USD because their local currency is worse than USD.

People who live in first world countries hate USD because they have plenty choice investment that growth better than just hand their money on banks.

[HeRetiK]

So if obviously everyone is still even around here pricing everything in USD, at least in private, do you know the price of one BTC in any other currency than the USD and your own?

1 BTC = 1 Tesla Model X  

Double-checking this only seems to apply for the US market though. Also cars arguably don't count as currency.

I roughly know the BTC prices of various digital services, but these are super blurry because they keep changing all the time due to being USD and EUR-denominated so they are hard to remember.

[btc78]

USD is our reserve currency for the entire world. There are many reasons that constituent to why USD has been chosen to be the reserve currency but a few of them would be its strong economy and their demographic.

Even though it is the reserve currency, it is not in fact the strongest currency in the world. Anyway the reason why most people use USD as the “default” currency is because it is the reserve currency and it is easier to concert x to usd or usd from x.

This still shows the impact of USD to the financial system.

[Charles-Tim]

BRICS misson is to looking for ways many countries (especially China and Russia etc) will not depend on United States dollars so that they will be able to make US sanction not to have much effect. They are still on it but dollar remains the dominant currency.

United States dollars remain the most traded currency even till now and it makes up almost 88% in total in 2023, just as it was since many years ago.

The highest among the reserve currencies is also still the United States dollars. It account for $58.41 in 2023. https://en.m.wikipedia.org/wiki/Reserve_currency

How about bitcoin pair with fiat? United State dollars accounts for 71.45% of the total world's reserves. https://www.investopedia.com/tech/top-fiat-currencies-used-trade-bitcoin/

Dollarization occurred naturally, BRICS mission will be hard to achieve.

[dzungmobile]

$ is used because it is most popular fiat currency and it is easier for companies, signature campaign managers and participants to know what they will pay and receive.

Participants or guests can use fiat currency converters to convert $ to other fiat currency or to gold, silver.

I think I understood what you want but it will cause to inconvenience for some related entities (company, manager, participant). Some campaigns have their pay rate directly in BTC but some others want to have a fix pay rate in $, then convert it to BTC for payment. I guess companies and managers have reasons for this choice, convenience.

De-dollarization is not in their mind.

[Husires]

Talking about de-dollarization was possible during the Petrodollars in 70s and 80s of the last century, when economies began to grow and countries wanted to rise. It was possible for the dollar to be replaced, but the dollar is currently permeated in economies and the attempt to replace it came too late.
What happened with Russia made many countries afraid, so alliances like BRICS are realistic and will expand, but they will not change the fact that the dollar will not be replaced except by a world war.

[Beparanf]

USD and my local currency PHP(Philippines Peso) is what I’m using to convert Bitcoin price but mainly USD since I just multiply the price of Bitcoin in USD by 55 to get the approximately value in PHP.

USD is the currency which is always the default currency of site like coinmarketcap and coingecko but there’s a feature under the hamburger tab to change the default currency to the currency that you preferred.

Even in language we are using US English language as common language here in the forum. US sets everything as global default. 

[Mia Chloe]

Well firstly, to answer the question of the topic, I kinda have a range estimate for Bitcoin price in my local currency which is naira. However the problem is even when it comes to value fluctuation USD is a better currency at keeping a stable rate compared to Naira. In fact Nigerian naira is so volatile that almost a 100% of major exchanges online especially import and export are based on the dollar. Therefore it's almost unimportant to keep updated on the price of Bitcoin straight to Naira, instead most persons take not of the Bitcoin to Dollar price and then they can make use of the dollar to naira since it's quite easier that way.

The undoubtable fact is that a great percentage of the world's exchanges are done using an estimation of dollar price or value. This is mainly because of political dominance and the overall size of the US economy compared to many others. However although USD is quite stable, others like  Kuwaiti dinar and Gibraltar pound are more stable although they are used in almost no global exchanges.

[Charles-Tim]

I think I understood what you want but it will cause to inconvenience for some related entities (company, manager, participant). Some campaigns have their pay rate directly in BTC but some others want to have a fix pay rate in $, then convert it to BTC for payment. I guess companies and managers have reasons for this choice, convenience.

De-dollarization is not in their mind.

I think stompix is kind of relating it to BRICS and how people are saying BRICS mission could be fulfilled. We know that the main reason for BRICS is dedollarization but using some means to make other countries looking for ways to join the organization.

Here is another dedollarization news I read not quite long: China’s yuan replaces US dollar, euro as Russia’s ‘primary’ foreign currency for overseas economic activity while I have been reading about BRICS mission since some years ago.

[Rikafip]

So if obviously everyone is still even around here pricing everything in USD, at least in private, do you know the price of one BTC in any other currency than the USD and your own?

Here in Croatia official currency is euro and every time I see bitcoin price in euro I get confused and have to calculate the price in dollars. 

And basically all the Croatian people I know that are into crypto also refer to price in dollars when talking about bitcoin.

[Amphenomenon]

So if obviously everyone is still even around here pricing everything in USD, at least in private, do you know the price of one BTC in any other currency than the USD and your own?

I sometimes look at it in Euros, but mostly in US Dollars. As we have discussed in other threads, the dollar is a depreciating currency, but most of the ones that try to compete against it are much worse. It is still the world's reference currency and the safe haven currency no matter how much people try to say otherwise. Sure it is not as strong as it was 30 years ago but it is nowhere near as bad as it is being portrayed.

Actually this is the main reason I don't know the price of bitcoin in my local currency by heart, earlier February/March I was quite aware of it but now the volatility of naira makes it hard to know though the Naira has been appreciating in value recently especially against dollar.

So if obviously everyone is still even around here pricing everything in USD, at least in private, do you know the price of one BTC in any other currency than the USD and your own?

Here in Croatia official currency is euro and every time I see bitcoin price in euro I get confused and have to calculate the price in dollars. 

And basically all the Croatian people I know that are into crypto also refer to price in dollars when talking about bitcoin.

This is the same for Nigerians while majority are aware of the depreciation of USD we continue to stick with this norms in relating to prices especially in cryptocurrency and majority _{if not all} of exchanges or platform like conigecko by default shows price in relation to USD.

[stompix]

1 BTC = 1 Tesla Model X  
Double-checking this only seems to apply for the US market though.

So, USD again, lol!  Cause the price of a Tesla S looked like this:

Here in Croatia official currency is euro and every time I see bitcoin price in euro I get confused and have to calculate the price in dollars. 
And basically all the Croatian people I know that are into crypto also refer to price in dollars when talking about bitcoin.

That's one funny thing when I go outside the Eurozone but still in the EU, everyone knows the prices of more expensive things in euros, houses, cars, everything, but when it comes to Bitcoin they all quote the price in $, probably the only stuff that they know the price in USD. Funny but also pretty weird!

I think stompix is kind of relating it to BRICS and how people are saying BRICS mission could be fulfilled.

You mistyped "making fun of" in that sentence! 
Cause you know it's quite funny to hear people preaching about the death of the dollar and then joining a signature that basically pays in $.
I keep wondering why nobody is offering payments in Iranian rials or Indian rupees!

However although USD is quite stable, others like  Kuwaiti dinar and Gibraltar pound are more stable although they are used in almost no global exchanges.

The Kuwaiti dollar is pegged to a basket of currencies, the euro and the USD have the largest share so you can't call it being more stable than.
Also, the Gibraltar pound is pegged to the value of the British pound.

[siedemtrzy]

TBH, I don't even know BTC's price even in my own currency. And sometimes I'm surprised when I see BTC price in EURO, because at first I think that it's USD.

[Cryptomultiplier]

I think I understood what you want but it will cause to inconvenience for some related entities (company, manager, participant). Some campaigns have their pay rate directly in BTC but some others want to have a fix pay rate in $, then convert it to BTC for payment. I guess companies and managers have reasons for this choice, convenience.

De-dollarization is not in their mind.

I think stompix is kind of relating it to BRICS and how people are saying BRICS mission could be fulfilled. We know that the main reason for BRICS is dedollarization but using some means to make other countries looking for ways to join the organization.

Here is another dedollarization news I read not quite long: China’s yuan replaces US dollar, euro as Russia’s ‘primary’ foreign currency for overseas economic activity while I have been reading about BRICS mission since some years ago.

Dedollarization is the goal for BRICS currency initiative and it is for a new world order where the USD isn't a major currency for trade and transactions that is the reason for BRICS being created.
It's just funny sometimes when I reason out this BRICS currency issue, because the currency proposed to be used  is nothing more than the Chinese currency,  Yen.

I know the price of dollar to Naira rate without think much, but the price of Bitcoin in my local fiat which is the Naira, is what I fail to know by heart unless am swapping from BTC to USD or checking the conversion rate before trading it.

[Zaguru12]

at least in private, do you know the price of one BTC in any other currency than the USD and your own?
And when I say you know, I mean by heart, not making the exchange math in your mind, one BTC is 70k , 1 Euro is 1.1 USD so then, or something like this!

Just one tiny experiment, wonder if the outcome is any different than what I imagine!

I will tell you this run this experiment on a millions of people and the results will be the same. Although have the platforms for bitcoin price estimation with the option of getting the price in my countries currency but yet still I go dollar, because I am accustomed already to the dollar rate and I know it’s not only me having this problem.

If you ask me how do I see a dedollarization, I will say it’s something that isn’t close a near future. The only thing I see with brics pushing this is basically just to weaken the US political power and not the currency itself. They fell this is what give them central power and since they use it against countries they place sanctions on, the BRICS might believe by introducing a new currency people will have a way round it.

I wouldn’t say it’s not possible but it’s adoption and denouncing of dollar will still take decades from here

[Ale88]

I was just browsing around the economics section, and again full of de-dollarization, the dollar is dying, bla bla, I was curious what are the people who hate the dollar that much using instead.

I'm from Europe and I've know bitcoin for a while, I remember that the first times I bought something of course it had to be in euros because of the bank transfer, so at that time I was checking more the price in euro without actually paying too much attention at the price in US dollars. Now since I don't care about cashing out I mainly look at the price in dollars, I always keep an eye on the euro/dollar exchange rate but I don't check bitcoin's price in euro anymore.

[HeRetiK]

1 BTC = 1 Tesla Model X  
Double-checking this only seems to apply for the US market though.

So, USD again, lol!   Cause the price of a Tesla S looked like this:

Actually I checked against the European prices first only to realize how much more expensive they are over here.

Actually actually I don't even care that much about Teslas, it's just that a couple weeks ago I've heard the price mentioned somewhere and immediately thought "huh, so 1 Bitcoin" Definitely wouldn't have remembered it without such a straightforward "exchange rate" though.