Why not compare Bitcoin with money?

[Vladv26]

It is not the same thing having paper money or a credit card or having bitcoins in your wallet. Can you use bitcoin to pay for your food, clothes or for a bus ticket? You can't but you can use money. Another problem is that bitcoin volatility is to big everyday. For example if you get your salary paid in bitcoin but you wait until tomorrow to exchange it then there is the possibility of the price falling even with 10-20% and you lose a lot of money which you worked for. The price could also go up but are you willing to take this risk of losing 20% of your salary? Probably not

[boy130]

Bitcoin and money are similar in that they are a store of value, but they operate on two different paradigms. I think it's more appropriate to compare bitcoin to objects within its own reference frame, such as visa or paypal, whereas fiat currency could be compared to gold or silver as they are transacted similarly.

[BountyX]

This OP is quite confused, it is not clear what it wants to say. But as for the title of the thread, the reason why you would not compare Bitcoin to money is that 99% people are considering it as a store of value, like gold.

[awawo]

Well every generation comes with it own technology and bitcoin is the new technology in this 21century and at that bitcoin is able to beat the Price and value of gold in the exchange market. Bitcoin can not be compared to gold or paper money because bitcoin is a currency and at the same time an assets.

[Pinkris128]

Both bitcoin and ordinary money have their own unique advantages, but I still remain in the opinion that the future is only for bitcoin.

Simply because they have lot of differences and characteristic. Bitcoin was exist in crypto world. Aside from that their value was not the same and bitcoin was volatile that can change every single second. But they have also similarities especially they are both currency that helps us financially.

[Addywealth]

yes, bitcoin should be compare with money of even gold. bitcoin has been a legal tender in some part of the world especially where bitcoin is allow to be traded in the financial market. bitcoin buy and sell online and offline e.t.c

[keeee]

Bitcoin and money are similar in that they are a store of value, but they operate on two different paradigms. I think it's more appropriate to compare bitcoin to objects within its own reference frame, such as visa or paypal, whereas fiat currency could be compared to gold or silver as they are transacted similarly.

Yes they are both a type of currency that exist in the different world they have their own function and usage. Why we do not compare bitcoin with money because they have their own unique characteristic that the other one doesnt have. In fact comparing them wont change anything. Why nkt used them for your financial need.

[Lazada]

Some people claim that bitcoin can not be compared with Bitcoin, they think that real money and Bitcoin are different from different aspects. But I think that actually Bitcoin can be compared with real money, see the same function and can be used to perform financial transactions. Bitcoin also has value, but indeed very fast price fluctuations sometimes make many people worry. Even the government is still many who think that Bitcoin is a dangerous thing. Back again to the mindset, I think Bitcoin has many benefits and there are many positive sides of it as well. Currently I am still using Bitcoin and I think in the future we will be more familiar with the digital currency.

[binghope]

In my opinion, nothing can replace cash, because cash is liquid and they are very convenient to buy goods and services. Cash usage is right for everyone and the risk of losing money is minimal. In Bitcoin, they have a lot of risks in terms of price, hacker risk, technology risk, etc., so Bitcoin can not replace cash in the future.

[wolfracer]

Objectively, the money is just a sheet of paper, why? The paper is recognized by the state government to ensure that, so what is the guarantee? that is gold. Which country more and more gold, wealth assets are terrible, that currency is priced compared to other currencies. To understand more about currency you can see the book "War Money" nhé!

Bitcoin is generally accepted by the community and is priced against USD or gold so it's worth it.

In short, every value is converted into gold. But gold has some major disadvantages so new alternatives are available such as money and now Bitcoin.

The clear differences between fiat money and bitcoin is the reason why maybe some do not refer to it as money, as for example and the most marked of all, is the intangibility of bitcoin.

The transactions made by bitcoin are only technological, which impede its absolute mobility. Also, its value is always in constant growth, which gives indications of considering it more as an investment good than as money.

[goldcoinminer]

In my opinion, nothing can replace cash, because cash is liquid and they are very convenient to buy goods and services. Cash usage is right for everyone and the risk of losing money is minimal. In Bitcoin, they have a lot of risks in terms of price, hacker risk, technology risk, etc., so Bitcoin can not replace cash in the future.

You may have your point too.But what i like about bitcoin is its value when converted into cash.Even if we say the price is in a dump,but when you convert it into cash,the value us still very high that's why most people are really attracted to store bitcoin.