Post
Topic
Board Economics
Re: Pricing in Dollar - Pricing in Bitcoin
by
bitgolden
on 12/04/2021, 12:56:00 UTC
I'm pretty sure we all (or the majority) price Bitcoin in Dollars regardless of which
country we are in, I stand to be corrected on this though.

We are all certain that the Dollar and other FIAT are going to crash in the near future
or after we get to grips with this pandemic and financial aid ends. When this happens
we wont be pricing Bitcoin in Dollars.

What will we be using, Chinese Yuan?

or will we be pricing everything in Bitcoin?
So how did you get to know that the the USD and other fiats are going to crash in the near future because of the pandemic? And why do you even say Chinese Yuan, like it is the only fiat that can’t crash? Huh Hmm.

Well, in my country we price bitcoin in our native currency and we also price it in dollars, though when I want to sell to peer to peer exchanges I price it in dollars, that way I can as well set the rate at which they will buy it in dollars, for example; let’s say that the rate of one dollar to my native currency is $1 = 2, I can tell them to buy at $1 = 2.5. So that’s the good thing about pricing in dollars for me. And what I have explained now is the reason I always prefer selling to peer to peer exchangers, than making use of big exchanges because big exchanges would usually sell it a normal rate which would be way less than what I am going to get from P2P.