Post
Topic
Board Bitcoin Discussion
Re: Why compare BTC to USD?
by
stayeduptolate
on 20/04/2018, 09:00:15 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...
It’s true that bitcoin has gained immense amount of popularity among the people throughout the world and also has gained many users. But still I personally think that dollar is better than bitcoin because firstly, dollar is way more popular than bitcoin and dollar has way more users than bitcoins throughout the world. Dollar is accepted everywhere around the world whereas bitcoin is not used everywhere. Therefore I would prefer holdings of dollar over holdings of bitcoin.