Bitcoin Forum

Which are the goods and bad of btc comparing to real money?

Kind of a loaded question...

There are many many differences & some similarities!

Just read the forums friend - You'll figure it out yourself.
No need to have someone dictate it to you - that's no fun =/.

bitcoin is real money. the other is fake

I'll give you one difference between fiat and bitcoin.

Bitcoin is a pseudo-anonymous yet transparent form of money. Every single transaction is publicly displayed and you can search a certain transaction if you like.

In fiat, you can see with whom you transact, converse with them, etc. etc. Transactions aren't publicly displayed, and most of fiat is virtually stored in banks. Many things could happen behind the scenes with fiat (corruption etc.) and can go unnoriced.

There are some pros and cons either bitcoin or real money

But i'll crosscheck this

send bitcoin to someone anytime, anywhere in the world with single click and low fees

pseudoanonymous

simplest

while fiat, it has nothing,  with fiat money, things aren't so simple. Sending money globally is massively complex.

The good about bitcoin is if you want to grow your money easily just wait the price grow. The bad about bitcoin if the price goes down and you cashout your money you dont get profit .  The bitcoin can profit real money. But money cant profit .

Lack of buyer protection, slower transaction times.  Those are always the differences I see.  It's a great store of value, bitcoin is, but I hate using it as money.  Buying stuff with fiat is just so much easier, plus I get paid in fiat and would have to go out of my way to purchase bitcoin first in order to spend it.  Not worth it for me--and I love bitcoin as much as the next guy here.

bitcoin is real money! its very different but still accepted as money.

look at all the places taking it now, even steam just started
taking it.

Bitcoin is accepted all over you just gotta look around

for being payment,bitcoin and real money almost have no different,the only different is physical and real time payment,if money drectly accepted with physical and real time,but bitcoin is not.

Yup Bitcoin is real money, its true that this is the real money you havs the point that any country accepted this but the real money.not all country accepts that .

bitcoin is better than money if :
- all people use bitcoin and the century has become digital era
- bitcoin is accepted in every store and common just like other electronic payment
- bitcoin price stable,and just fluctuated in every month
bitcoin bad if compared with money if :
- bitcoin have long time transaction
- bitcoin have complicated step to make transaction

Bitcoin can only be used in an online transaction and cannot be used if there is no internet connection but we can use real money anytime. Bitcoin is not supported by the government right now and government produced real money for people to use.

The real good and bad is that its pseudonymous which can be good in some circumstances but doesn't works all that well with worldwide adoption, which is what we're aiming for, governments won't make a currency legal unless they can know and keep track of how much one owns and that makes it little difficult for service providers to accept it for they don't want to get in trouble for accepting something which maybe illegal.

Pros:
 - Bitcoin is international, no international transaction/exchange fees
 - Super-low fees
 - Small denominations

Cons:
 - Relatively slow block times
 - Super-volatile

Bitcoin can be use in good and bad ways like money but in money they can easily track or know who is transfering that money. In bitcoin you can hide your self, they cant find you if you use vpn so the good here you can transact to anyone, the bad is you can transact in illegal. You can buy drugs .

Bitcoin is scarce, which is a key property of real money. Fiat is not scarce due to it being subject to unlimited printing by central banks, so it is not real money.  ;D

Good about BTC is the value appreciates while the bad is it depreciates.
I can go around practically every where and buy what I want while with BTC not everyone is accepting it yet as a payment option.
bad think about BTC if you are offline you cant transfer it to anyone unless its stored in a paper wallet, you can just hand it over to another person.

Scarcity is what gives value to anything. Good wood that's been cut or anything? Scarce. Fertile dirt? Somewhat scarce. Gold? Really scarce.

Most of the time the item has some use outside of just being a store of value, but for some other commodities it doesn't have anything like that.

Bitcoin is a digital currency and just like real money you can use it to shop online and be paid with bitcoin for your goods and services offered.

Real money is paper and it can be ripped ;D

first thing that comes to mind when you talk about bitcoin especially these days is the price of it. when you buy bitcoin you are making an investment that it will go up so you can make a profit by buying it.

but that is not all of it. bitcoin is an excellent form of money so you can use it as such for your transactions. it is fast and easy to use and also on top of that you only pay a small fee for the transactions.

also there is no restriction about using it, unlike some payment processors online you can use bitcoin however you want.

IMO, here are their differences:

• BTC(BTC) - Can be transact even the smallest amount possible and the biggest amount you can think with the lowest fee.

                  - Fastest transaction, sometimes less than 10mins.
                   - Anonymous. You don't need names, house address, i.d's, Etc. Just get the btc address and send.

• FIAT - controlled by the government

             - Transaction can't be publicly displayed.
              - Needs a lot of verification when sending and receiving.

There are a lot. This is all what i can think of.
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Bitcoin is a real money, you can buy most of things with it, bitcoins has no fizical appearance but you can convert the bitcoin into dollar and use it every where. You should write about REAL MONEY' is it means currency note??? like dollar and euro?

Yes I think he is referring to dollar or other countries currency for that 'real money' word he used.

Bitcoin is real money thats true. we can convert it around the world. Anywhere. Everywhere.
yup even if bitcoin has no physical appearance we can use it as real money.

I think it is redundant you are just repeating what he said. And op is referring to the "real money" about the fiat / paper money like dollars,euros etc.

BTCitcoin:

1. Low fees
2. Pseudonymous (you can stay anonymous but once you give a name to your address then your known and traceable)
3. Good transaction confirmation speed (if you know how to calculate it's required correct fee in which most don't know and blame the system instead)
4. No government controls it
5. It has no limit on who use it

Real money:

1. High fees (when used to send money from banks)
2. Identified (your identity is known when dealing with anyone using banks)
3. It has good (normal transactions between local banks) and bad confirmation speed (when used to send money abroad)
4. Government controls it
5. It has certain limits on who could use it (there are some deals that don't allow certain moneys to be used as part of sanctions made by some countries)

bitcoin is an experiment as Satoshi claimed, litecoin is real money

Bitcoin is basically a digital form of money that is connected to real world value. The simplest way of explaining is to compare it to a virtual bank where you are the sole owner of that bank and you answer to no one about your money. Now Bitcoin is still not accepted everywhere and you may need to use exchanges to convert to fiat for such businesses that still don't deal with Bitcoin. Also Bitcoin doesn't have paper bills so you always need an electronic device with you that can facilitate the transactions.

the difference between real money and bitcoin is clear. bitcoin does not look physically. while the clear physical real money.

Bitcoin is real money.  ;D Your "fiat"(A currency that's created and controlled by a government. In other words, it exists by government) just went online and became this coin where when you buy it you are already an investor.

 ;D

you should start using bitcoin as in spending it instead of fiat to understand the good and bad of using bitcoin in comparison with "real money!". anything we say here will be an abstract idea unless you try it out yourself.

Bitcoin is safe more then real money. security of bitcoin is more strongest then real money, banks have more  chance to get robed while bitcoin wallets and storing systems are safer then banks.
and bitcoin have more features then real money. it can be used for online shopping without any exchange and conversation.
Bitcoin gives profit itself and real money won't. these are the big difference between bitcoin and real money.

It depends from which party are you talking about, if you mean about using btc or real money for merchants, then it is a higher risk to lose money when they convert the bitcoin to cash (like the situation yesterday when the price crashed -5%).

Bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

There are both real money and as you can see now you see also that Bitcoin is getting more popular and more used and that is quite good for the currency.
But we have to intoduce it more to make it more popular otherwise people will not get to know about it.

Many advantages that you can get from using bitcoin "fast transactions and low fee transaction " but we can't leave real money. difference between btc and real money! for bad and good it's back to your opinion.

Bitcoin has more advantages than fiat when it comes to speed of transactions, lower fees, more added security which depends on the user etc. However fiat is much more common and used worldwide as people use Bitcoin usually for online purchases  while fiat is dominating the daily life expenses. So I think it will be different for every person how useful fiat or Bitcoin are.

Money is the old master, tried and tested, Bitcoin is the young disciple, fresh, naive and zestful. Money works, else we wouldn't be here today talking with people from around the world. Bitcoin still has a lot to prove before it can claim its father's throne.
Train you must young Padawan!

Haha if bitcoin not real money, it can't be have a value, bitcoin real money. But the difference is bitcoin digital money and fiat is traditional money. And the supply is make it big difference, especially the value.

there are many good thing in BTC as compared to real money like bitcoin has very high dollar rate and can earn money in a very short time by completing the ask given to you by others. and no taxes on bitcoin and no one can steal or loot you money except hacking. but in real money your money is refundable but if you lose money in bitcoin then this not refundable and many other goods . but there are very less bad things in bitcoin.

and it's not bad for traders i say,people who uses bitcoin must already know that bitcoin si fluctuative,the price falling is really usual
and if they're really want to save a money, bitcoin is not a good thing except they're expecting the bitcoin price to rise

From my point of view, the advantage of bitcoin is can use by anonymously and sometimes the value increase highly. But I don't say that real money is bad. Real money also has other advantage, real money can use to buy goods and pay something in real life without exhausted to change the currency.

And also money is been used and gain super trust to all people in the world because they can feel and touch it and rather they can use it to buy anywhere they wish and save or whatever they wish to use it while bitcoin is still needs to  prove its strengh although its rising star for now it still need to shine because bitcoin got limited acceptance to people and in business world.

Yup money can gained trust of all people. Many here in our country that if you gave money to them even if they have fault or they do wrong they give money because they want that help them to protect them, or help them in gaining trust to 0thers

I see Bitcoin is a great alternative, and looking forward for more investing. Where money cannot be used bitcoin is can be utilized better in the online world.

I know only differences are:  bitcoin is more reliable then real money. bitcoin is a investment itself. we only have to collect and store it, it will grow and increase automatically. and bitcoin have high potential price then all real money and currencies.

Money was created to be a payment way for "value" , it should be universal as bitcoin is and without barriers. It shouldn't be taxed by the gov's cause it makes them act like a "global company" and subject to differences, meaning advantage/disadvantage on each country.

Bitcoin was not created by humanity cause a single/group of individuals had to do it, but it is made for humanity. Gov's should not have the right to tell something should be taxable if humanity accepts it as a whole, the same applies for other coins, if they are doing it they are going against human rights, they are also saying it is "money" cause there isnt such thing of "virtual money" if it has the same applications.

Bitcoin users and supporters should go against whoever is against the human rights.

Bitcoin can get double valued if you're holding it forget, while the real money won't. Even if you check after years, it will remain same or maybe even less valued ;D

The good things i see in btc comparing to real money is that when we send btc fees are much lower than comparing to real money , another thing is that bitcoin has a limited supply which makes very valuable than real money thats just getting produced more and more every year thats making real money less valuable.

Real money? Do you mean fiat money? If it is, well you can use Bitcoin anywhere in the world not like fiat money.

Well thats the good thing we can do less fee transaction in bitcoin than real money, we can transact easily and earn big money in bitcoin but the disadvantage with it is we cannot use it as payment to online stores and physical stores, we cannot directly buy goods and foods with bitcoin unlike real money we can use it to buy foods pay as fair and we can carry it anywhere and if emergency situation occurs we can easily use it to buy foods and things that we needed but all of them is good and i dont think its good to compare them while all of them is very good.

I'd say that there isn't a big difference between bitcoin & real money. However, Bitcoin do  've an advantage that it's value for time. As the time passes, the value of btc rises & henceforth you can earn money just by keeping your btc idle for few years.

that one is regulated the other need to be regulated, so the so called average joe can finally accept it, without thinking every time that it belong to criminal activity only...

You can buy snacks faster with real money while bitcoin cant. It takes time to buy some goods with bitcoin unlike if your using physical money you can buy immediately in a store. But btc has also big advantage when it comes to online gambling.

Real money in a physical store? yes.... but in internet sometimes bitcoin is faster and with lesser fees then using credit card or a bank transfer for example.
One will never take down the other, both have their uses.

Well differentiated. Another major factor is the physical form. Bitcoin has not got a physical form which is much needed to grab the attention of common man.

need not compare bitcoin with real money, because obviously real money is legal currency. whereas bitcoin only virtual currency. but if bitcoin has become the legal currency. I would choose a bitcoin, because it is better than real money.

bit coin is a virtual currency but still reliable. money can be use every where, but most of the people are no aware of bitcoin so it difficult to use it as currency ever where, but time is very near when it will use just like price bond or gold in future.

The big difference between bitcoin and fiat,printed money is freedom ,and bitcoin is the best investment on the last 7 years.