Post
Topic
Board Bitcoin Discussion
Re: Why people debate so much about BTC value?
by
gundala
on 16/01/2020, 21:37:11 UTC
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And even if we would think about the value of BTC in USD: it is 8000 times more valuable than USD!!! It is world's most valuable currency! It actually crushed the USD! So why does it matter if it is 8000USD or 1000USD? Even if it was 1000USD, it would mean it is 1000 times more valuable than the dollar, right? Even if BTC was valued at 2$, it would be twice as valuable compared to USD which is world's most important fiat currenct.
However, Fiat is more dominant than BTC in its daily use, all goods and services are valued by Fiat because its value tends to be constant, and it's easier. As we know, BTC has high volatility so that it will be difficult if used as a benchmark price, so it's natural that most people still compare the price difference. It is true, the value of BTC is more valuable than fiat, but that does not mean it can be compared just like that, BTC is BTC, fiat is fiat, both have their respective functions and positions.
I, really like BTC as a trading commodity, and I plan to give a legacy in BTC,:D