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Author Topic: Difference between money(BTC) and currency(USD)  (Read 902 times)
bornil267645
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April 05, 2015, 11:29:50 AM
 #1

Bitcoin has been declared dead over 50 times by the mainstream media, yet it has shown to be a great store of value if volatile. It is volatile while growing in relative value; upwardly volatile. Paper currencies, like the dollar, have shown volatility on a downward spiral over time. Just something you should think about.

https://www.youtube.com/watch?v=DyV0OfU3-FU

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April 05, 2015, 12:47:11 PM
 #2

Bitcoin has been declared dead over 50 times by the mainstream media, yet it has shown to be a great store of value if volatile. It is volatile while growing in relative value; upwardly volatile. Paper currencies, like the dollar, have shown volatility on a downward spiral over time. Just something you should think about.

https://www.youtube.com/watch?v=DyV0OfU3-FU
Yeah Bitcoin has died countless times by now. This site is hilarious and keeps getting updated almost on a daily basis
http://bitcoinobituaries.com/
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April 05, 2015, 02:05:33 PM
 #3

BTC is more like gold in my opinion.

Edit:  But better...

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April 05, 2015, 05:26:27 PM
 #4

Bitcoin has been declared dead over 50 times by the mainstream media, yet it has shown to be a great store of value if volatile. It is volatile while growing in relative value; upwardly volatile. Paper currencies, like the dollar, have shown volatility on a downward spiral over time. Just something you should think about.

https://www.youtube.com/watch?v=DyV0OfU3-FU
Yeah Bitcoin has died countless times by now. This site is hilarious and keeps getting updated almost on a daily basis
http://bitcoinobituaries.com/


ehehehe

nice catch!!!

just bookmarked and thanks for the tips!!!

 Wink

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April 05, 2015, 11:22:37 PM
 #5

you can declare btc dead as much times as your heart desires. I've said this many times, Bitcoin is the technology implementation of gold. It's limited, requires miners (no pun intended) protected from corrupt entities, and prevents Qe, these all mean that the value will only get stronger, and stronger as its embedded in more services.

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April 06, 2015, 06:53:35 AM
 #6

Hii Smiley,

I think money is paper money and currency can include all forms like gold bars,silver dollars,etc,. I could be wrong but this is my guess.
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April 06, 2015, 07:04:50 AM
 #7

Hii Smiley,

I think money is paper money and currency can include all forms like gold bars,silver dollars,etc,. I could be wrong but this is my guess.


the only difference i can see between USD and bitcoin is that USD is more of physical one while bitcoin is not but at the end, they can both buy goods/items

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April 06, 2015, 07:17:08 AM
 #8

Hii Smiley,

I think money is paper money and currency can include all forms like gold bars,silver dollars,etc,. I could be wrong but this is my guess.


the point of the video was that "Money" in general should not lose value, while the dollar as a currency is losing value, so the dollar isn't classified as a real money because of this
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April 06, 2015, 07:30:08 AM
 #9

Bitcoin has been declared dead over 50 times by the mainstream media, yet it has shown to be a great store of value if volatile. It is volatile while growing in relative value; upwardly volatile. Paper currencies, like the dollar, have shown volatility on a downward spiral over time. Just something you should think about.

https://www.youtube.com/watch?v=DyV0OfU3-FU
Yeah Bitcoin has died countless times by now. This site is hilarious and keeps getting updated almost on a daily basis
http://bitcoinobituaries.com/


Dude I see this site is so pessimistic ! From the beginning of bitcoins (=0.23$) it's talking about the failure of bitcoin!

WHAT?
Now it's nearly 300$ and still the same blah-blah.


BTC is more like gold in my opinion.

Edit:  But better...

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Q7
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April 06, 2015, 01:15:37 PM
 #10

It's very clear from here that the fiat we are holding on is losing its value and if by definition, that the "real" money is supposed to hold it's worth, it's clearly nothing more than just a currency. Fiat gets printed and the same amount you are holding today will only be worth the fraction in years to come. btc on the other hand, strives to overcome this by introducing fixed amount, it doesn't get printed, nobody controls it, you need energy to mine new bitcoin, thus a value is always there.

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April 06, 2015, 01:32:26 PM
 #11

It's very clear from here that the fiat we are holding on is losing its value and if by definition, that the "real" money is supposed to hold it's worth, it's clearly nothing more than just a currency. Fiat gets printed and the same amount you are holding today will only be worth the fraction in years to come. btc on the other hand, strives to overcome this by introducing fixed amount, it doesn't get printed, nobody controls it, you need energy to mine new bitcoin, thus a value is always there.
I laughed at that part when you said "nobody controls it". Do you really think that? While it is not controlled by any central agency, bank or government it is being controlled by whales and by paranoia of small investors who will sell everything at the first sign of price drop.


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April 07, 2015, 12:30:09 AM
 #12

It's very clear from here that the fiat we are holding on is losing its value and if by definition, that the "real" money is supposed to hold it's worth, it's clearly nothing more than just a currency. Fiat gets printed and the same amount you are holding today will only be worth the fraction in years to come. btc on the other hand, strives to overcome this by introducing fixed amount, it doesn't get printed, nobody controls it, you need energy to mine new bitcoin, thus a value is always there.
I laughed at that part when you said "nobody controls it". Do you really think that? While it is not controlled by any central agency, bank or government it is being controlled by whales and by paranoia of small investors who will sell everything at the first sign of price drop.

It is not controlled by whales/paranoia of small investors, but is influenced by them. They can't mimic the control of central banks/governments.


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April 07, 2015, 02:59:47 AM
 #13

BTC is more like gold in my opinion.

Edit:  But better...
I have seen any sign yet that Bitcoin is money, whose price is declining a lot and volatile.Many ppl would rather hold gold than it. But I know the full potential of it hasn't reached yet.
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January 05, 2018, 12:37:31 PM
 #14

 Bitcoin is a type of digital currency, which was created and is held electronically. Conventional money is based on silver or gold. You can hand over your money to get equivalent amount of gold or silver, though in reality banks won’t be handling out gold to you. Bitcoin, on the other hand is based purely on mathematics.
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January 05, 2018, 01:02:53 PM
 #15

It's very clear from here that the fiat we are holding on is losing its value and if by definition, that the "real" money is supposed to hold it's worth, it's clearly nothing more than just a currency. Fiat gets printed and the same amount you are holding today will only be worth the fraction in years to come. btc on the other hand, strives to overcome this by introducing fixed amount, it doesn't get printed, nobody controls it, you need energy to mine new bitcoin, thus a value is always there.
I laughed at that part when you said "nobody controls it". Do you really think that? While it is not controlled by any central agency, bank or government it is being controlled by whales and by paranoia of small investors who will sell everything at the first sign of price drop.

It is not controlled by whales/paranoia of small investors, but is influenced by them. They can't mimic the control of central banks/governments.
Yes the only thing they could do is to influence bitcoin price to some extent by just selling their bitcoins or spreading FUD.There was only a little manipulation of price earlier when china dominated the bitcoin market and chinese bitcoin holders just played their game in bitcoin as they wished.But since bitcoin has users worldwide now,it could no more be manipulated.




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arrmia11
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January 05, 2018, 01:22:03 PM
 #16

Money like dollars, euro, peso and etc. produces through gold and silver. You can exchange that with the same item that is equivalent to it. While bitcoin is the opposite of paper money, it is a kind of digital currency in which you can transact right away if both the seller and the buyer acquires bitcoin on themselves without the interference of the third party.

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February 13, 2018, 03:39:54 PM
 #17

the difference is that bitcoin is not controlled by the state, and he is also anonymous

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February 13, 2018, 05:02:24 PM
 #18

Hii Smiley,

I think money is paper money and currency can include all forms like gold bars,silver dollars,etc,. I could be wrong but this is my guess.


the point of the video was that "Money" in general should not lose value, while the dollar as a currency is losing value, so the dollar isn't classified as a real money because of this

All sorts of objects have been used as money in the past.  For a long time, (special) sea shells were exchanged as money tokens.   I agree the main requirement is that value is not easily disturbed.

However Dollar does qualify as money still, its just not a very good container since it has become compromised by central government.   The original dollar was based on a silver standard before linking to a more steady gold standard.   It slowly left that idea and the physical part now is only cotton notes which are worth less then the cost of making them.

Dollar is digital as much as Bitcoin is.  The vast majority of monetary exchange is done without any physical token, but the difference to Bitcoin is that value of dollar comes from a central body who can at any time devalue all notes in existence to their own favour.   To compare Ripple and Dollars would be quite close, the value of Ripple relies on the integrity of just one company who can seize value from any holder as they wish though I believe some consensus is required over the network also so perhaps it has some utility over dollar also.

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February 13, 2018, 05:07:57 PM
 #19

there's a lot of differences between two currency well the first one is the USD currency is our physical money which our bitcoin converted to USD in order to use it. Bitcoin or btc is our digital money which we can use in the internet.

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February 13, 2018, 05:25:57 PM
 #20

Bitcoin is almost same with currency (USD), but in USD the value more stable more than bitcoin. In profit, bitcoin more profitable more than USD.
Bitcoin can use for investment long term and the profit is amazing. USD can use for investment also for long term, but the profit not increase much right now.

 
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