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Re:Crypto crash deepens, stocks slip by randomsearch on Wednesday May 19, 2021 @10:50AM (#27209436)
Currencies are used to purchase things. If the purchasing power of 1 BTC changes dramatically, it matters.
Re:Crypto crash deepens, stocks slip by Mc_Big_G on Wednesday May 19, 2021 @10:54AM (#27209514)
You're assuming I care how much something costs in dollars.
Re:Crypto crash deepens, stocks slip by klyrs on Wednesday May 19, 2021 @11:19AM (#27209918)
This makes me wonder how you pay for basic living expenses like rent/mortgage, food, clothes, etc
Re:Crypto crash deepens, stocks slip by optimuspaul on Wednesday May 19, 2021 @11:37AM (#27210159)
Do you care how many chickens or how many beers you can get with BTC?
Re:Crypto crash deepens, stocks slip by cableshaft on Wednesday May 19, 2021 @12:15PM (#27210656)
Yeah, because websites won't adjust the price in crypto for goods and services if its price relative to dollars drops.

I'm long on crypto myself, but come on. This crash still affects the prices of goods and services, unless all you're buying is other crypto and nothing else. We are nowhere near the point where shops don't assume they have to check the bitcoin/usd cost every few minutes to adjust their pricing.

Re:Crypto crash deepens, stocks slip by Grustaf on Wednesday May 19, 2021 @11:43AM (#27210224)
Unless you're a Buddhist monk living on donated food, you have to.
Re:Crypto crash deepens, stocks slip by imtringued on Wednesday May 19, 2021 @11:29AM (#27210060)
If you are a US citizen you will have to pay taxes in dollars.
Re:Crypto crash deepens, stocks slip by ric2b on Wednesday May 19, 2021 @04:44PM (#27214227)
Dollars are one of the easiest things to buy with Bitcoin, so how is that a problem?

I also need water to live my life, but that doesn't make me feel the need to price everything in gallons of water.

Re:Crypto crash deepens, stocks slip by prepend on Friday May 21, 2021 @08:21AM (#27233098)
Fluctuating prices suck for paying taxes.

Buy bitcoin at $1 on Jan 1, sell at $10 on dec 31. I now owe taxes on $9 in gains, so I’ll need USD$3 on April 15. If on Jan 2, I buy more Bitcoin at $10 and it drops to $6 on April 15 that will suck because then I’ll need to sell half my Bitcoin to pay taxes.