Post
Topic
Board Bitcoin Discussion
Re: Why compare BTC to USD?
by
BitcoinCommodor
on 14/09/2017, 14:21:25 UTC
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...
BTC and USD are two different things entirely and so I see no reason why anyone should compare both of them, though both of them are currencies, they are made up of different things and have their values based upon different things.