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Author Topic: Difference between Bitcoin and real money?  (Read 114049 times)
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March 10, 2017, 11:00:23 AM
 #1041

I noticed that only those people who are computer literate can use bitcoin, people that always active online and looking forward to make real money. Using bitcoin really needs internet connection and that's the only way for you to have access on it.

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March 10, 2017, 11:03:39 AM
 #1042

The diffrerence of bitcoin and money is its trading. In bitcoin you can only trade it onlone or the means of modeen technology. On the other hand money is a physical trading which means you have to bring this certain amount to buy a necessity or needs. It is both the means of giving out an amount but it differs in its process.

Well in bitcoin we can trade it offline if you know the person that you'll trade with your coins. Otherwise, they are the same that way but depending on situation but most of the time bitcoin is being trade by people who doesn't know who they are trading to. And that's the best difference of these two, bitcoin = digital, fiat=physical.

True bitcoin can be exchange anytime any where i have friend who b uy it from me every month he want to stake 0.1 btc in wallet as his ensurance found. I have some local dealers that i know that do the same with some 5% fee, so both are in one way money or mean to pay/purchase some good or something else.

In the way of things but this is good both are good both are used and bitcoin will be future of everything in next several years.



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March 10, 2017, 11:21:04 AM
 #1043

The difference among the two is digital currency vs physical currency, centralized and decentralized one but the thing makes them the same is that they do have both value. Bitcoin can be used by other means like money transfers. This is what i like about bitcoin and hope adoption would still progress in future years to come.

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March 10, 2017, 12:12:27 PM
 #1044

Bitcoin is a store of value because it can operate without government.
Money don't.
You are thinking in fiat not in money, money used to be independent of governments, anyone with gold and silver could create their own coins out of those materials, but then the governments decided they were not trustable and created for themselves the monopoly of coinage, with the terrible consequences that has carried out.
Actually the government is just trying to protect their country's economy, what do you think will happen if a foreigner enters the country with a lot of gold and silver and decided to buy everything in that country? Of course it would be disastrous it will be a country owned by a foreigner who can control everything in it. Also a currency of a country os a reflection on how they are doing economically it is their indicator of success.
There were laws against that, at least in my country, a foreigner could no own property or any business, they could invest but they could not become the investor with the most shares in a company and foreigners as a whole could not own more than 49% of a company but those laws have been derogated.
Reality is that you don't protect your economy or currency by shielding it from others! That is like over pampering a baby and we can see an example in China's economy where every now and then the government must have to intervene by pumping in money (blood transfusion) to save it from anemia. Your country had better wake up from its slumber, if at all it plans to make some progress because true progress is not possible without the inputs of foreigner. Healthy competition is always what makes the difference, the automobile industry in America should yell you better.

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March 10, 2017, 12:17:19 PM
 #1045

The difference between currency in the world .That is bitcoin vs money.
1.Bitcoin is the different thing of the currency for understanding but money have simple to understand of the people.
2.Bitcoin is legal or ilegal part ,its like a  one source and other thing money ,its a difference source for different country.
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March 10, 2017, 12:39:56 PM
 #1046

The diffrerence of bitcoin and money is its trading. In bitcoin you can only trade it onlone or the means of modeen technology. On the other hand money is a physical trading which means you have to bring this certain amount to buy a necessity or needs. It is both the means of giving out an amount but it differs in its process.

Well in bitcoin we can trade it offline if you know the person that you'll trade with your coins. Otherwise, they are the same that way but depending on situation but most of the time bitcoin is being trade by people who doesn't know who they are trading to. And that's the best difference of these two, bitcoin = digital, fiat=physical.

True bitcoin can be exchange anytime any where i have friend who b uy it from me every month he want to stake 0.1 btc in wallet as his ensurance found. I have some local dealers that i know that do the same with some 5% fee, so both are in one way money or mean to pay/purchase some good or something else.

In the way of things but this is good both are good both are used and bitcoin will be future of everything in next several years.
but still there only few merchants accept bitcoin already as their payment processor compared to cash/real money it's indeed far better. but you can't do it of course. real money regulated by the government and it's sucks for those people who want a fully freedom. when bitcoin ruled by you and noone else . it's make bitcoin looks better with this reason.

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March 10, 2017, 12:57:05 PM
 #1047

the difference between money and bitcoine are large in the world.
BITCOIN;
1.bitcoine is transfer to money that is dollar,rupee, etc
2.bitcoin is to be esaily earn anywher for techninical used.
3.its strorest large .
MONEY;
1.money is from bitcion that is not cnvert'
2.money haven't earn esily anywher.
3.its storage minimum or maximum.
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March 10, 2017, 01:22:24 PM
 #1048

the difference between money and bitcoine are large in the world.
BITCOIN;
1.bitcoine is transfer to money that is dollar,rupee, etc
2.bitcoin is to be esaily earn anywher for techninical used.
3.its strorest large .
MONEY;
1.money is from bitcion that is not cnvert'
2.money haven't earn esily anywher.
3.its storage minimum or maximum.
the difference isn't too big to be honest, the fact that it can be converted to fiat does not mean that it is different from the money, besides that it is not easy to earn  bitcoins at all nowadays because you need to work something to get it, other points of yours i cannot understand, but the main difference is that bitcoin is completely digital.
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March 10, 2017, 01:30:29 PM
 #1049

the difference between money and bitcoine are large in the world.
BITCOIN;
1.bitcoine is transfer to money that is dollar,rupee, etc
2.bitcoin is to be esaily earn anywher for techninical used.
3.its strorest large .
MONEY;
1.money is from bitcion that is not cnvert'
2.money haven't earn esily anywher.
3.its storage minimum or maximum.
the difference isn't too big to be honest, the fact that it can be converted to fiat does not mean that it is different from the money, besides that it is not easy to earn  bitcoins at all nowadays because you need to work something to get it, other points of yours i cannot understand, but the main difference is that bitcoin is completely digital.
As quoted bitcoin is completely digital, other than that everything with bitcoin seems to be same as fiat though it is decentralized. Real money is accessible and have a central control. In my opinion bitcoin have a fluctuating value but fiat has a stable value which is the only major factor that make a difference.




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March 10, 2017, 01:57:51 PM
 #1050

the difference between money and bitcoine are large in the world.
BITCOIN;
1.bitcoine is transfer to money that is dollar,rupee, etc
2.bitcoin is to be esaily earn anywher for techninical used.
3.its strorest large .
MONEY;
1.money is from bitcion that is not cnvert'
2.money haven't earn esily anywher.
3.its storage minimum or maximum.

It is not necessary to always convert your Bitcoins to local currency. Many online services and shops has started accepting Bitcoin.


the difference between money and bitcoine are large in the world.
BITCOIN;
1.bitcoine is transfer to money that is dollar,rupee, etc
2.bitcoin is to be esaily earn anywher for techninical used.
3.its strorest large .
MONEY;
1.money is from bitcion that is not cnvert'
2.money haven't earn esily anywher.
3.its storage minimum or maximum.
the difference isn't too big to be honest, the fact that it can be converted to fiat does not mean that it is different from the money, besides that it is not easy to earn  bitcoins at all nowadays because you need to work something to get it, other points of yours i cannot understand, but the main difference is that bitcoin is completely digital.

I agree, its quite tough nowadays to earn Bitcoin. You have to use skills or if you want to earn from faucets, the reward rate is going down due to increase in valuation.

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March 10, 2017, 02:02:33 PM
 #1051

BTC is not backed up by any physical commodity,but this also has it's benefit since it's not controlled in any way.The economic system we are currently is in a lot of ways unsustainable,BTC is a good alternative and it's main benefit is that it has an overall limit,it has limited supply and in that way it's hard for it to lose it's value and the market to be flooded.

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March 10, 2017, 03:15:52 PM
 #1052

the difference between money and bitcoine are large in the world.
BITCOIN;
1.bitcoine is transfer to money that is dollar,rupee, etc
2.bitcoin is to be esaily earn anywher for techninical used.
3.its strorest large .
MONEY;
1.money is from bitcion that is not cnvert'
2.money haven't earn esily anywher.
3.its storage minimum or maximum.

It is not necessary to always convert your Bitcoins to local currency. Many online services and shops has started accepting Bitcoin.


the difference between money and bitcoine are large in the world.
BITCOIN;
1.bitcoine is transfer to money that is dollar,rupee, etc
2.bitcoin is to be esaily earn anywher for techninical used.
3.its strorest large .
MONEY;
1.money is from bitcion that is not cnvert'
2.money haven't earn esily anywher.
3.its storage minimum or maximum.
the difference isn't too big to be honest, the fact that it can be converted to fiat does not mean that it is different from the money, besides that it is not easy to earn  bitcoins at all nowadays because you need to work something to get it, other points of yours I cannot understand, but the main difference is that bitcoin is completely digital.

I agree, its quite tough nowadays to earn Bitcoin. You have to use skills or if you want to earn from faucets, the reward rate is going down due to increase in valuation.
You want to earn real money we have a lot of options and you can work anywhere you will get your payment as a fiat currency. And you can use it without any issues, and Bitcoin is not like that we have only limited options to earn bitcoin, Trading, investing, Gambling or online work or signature campaign apart from this I don't have any other options. And you can not use this currency directly in the real world. This is the major difference b/w real and BTC currency.
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March 10, 2017, 03:29:22 PM
 #1053

difference bitcoin has advantages in terms of its value increasingly rising,in contrast to real money drop price bitcoin more desirable because stable prices but bitcoin has a great risk of losing rather than real money dependent people who have a need bitcoin or real money,choose a digital money or real money is the same because all for payment transactions.
Risk is everywhere. Risk is also there if you use fiat money or real money instead of it but the fact is that if we see from the last 2 or 3 yearsor from the day it has developed to till now the price is keeps on increasing but if you use it only for investment purpose or trading purpose the bitcoin has no comparision with fiat. As it is important for daily life use because life is impossible without it.

Correct, there are risks on everything we do in our everyday life decisions, because we can't achieve victory if we are not going to take risk in our life. Bitcoin and real money do have a big difference, bitcoins price is not that fixed compared to the fiats price because of its fluctuation, in short, bitcoin is more valuable than fiat

The exchange rate of major currencies is not fixed either

These rates are changing over time as well, though their volatility is indeed incomparable to that of Bitcoin. When a government doesn't firmly set and support the exchange rate of their currency to some other currency, this is called a floating exchange rate policy. The exchange rates of all major currencies (like the US dollar or Euro) are more or less determined by currency markets (i.e. they are free-floating), though there are currencies which exchange rate is fixed, for example the exchange rate of Saudi Arabian Riyal to the US dollar is fixed and set at 1 US dollar per 3.75 riyals
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March 10, 2017, 04:28:45 PM
 #1054

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?


bitcoin is a cryptocurrency that we can earn thru online so when you dont have an internet connection you cannot earn while real money is the physical money in your wallet you need to get a job to earn money. the similar to them is ,they can be both steal and can be bigger if you are wise.

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March 10, 2017, 04:46:28 PM
 #1055

bitcoin is a cryptocurrency that we can earn thru online so when you dont have an internet connection you cannot earn while real money is the physical money in your wallet you need to get a job to earn money. the similar to them is ,they can be both steal and can be bigger if you are wise.

that is not rigth
you can earn bitcoin offline
the other person can send it or you can have offline wallets

you can post a public address on a site or have it on paper and be paid to it without your needed an internet connection
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March 11, 2017, 04:01:39 AM
 #1056

The diffrerence of bitcoin and money is its trading. In bitcoin you can only trade it onlone or the means of modeen technology. On the other hand money is a physical trading which means you have to bring this certain amount to buy a necessity or needs. It is both the means of giving out an amount but it differs in its process.

Well in bitcoin we can trade it offline if you know the person that you'll trade with your coins. Otherwise, they are the same that way but depending on situation but most of the time bitcoin is being trade by people who doesn't know who they are trading to. And that's the best difference of these two, bitcoin = digital, fiat=physical.

True bitcoin can be exchange anytime any where i have friend who b uy it from me every month he want to stake 0.1 btc in wallet as his ensurance found. I have some local dealers that i know that do the same with some 5% fee, so both are in one way money or mean to pay/purchase some good or something else.

In the way of things but this is good both are good both are used and bitcoin will be future of everything in next several years.
but still there only few merchants accept bitcoin already as their payment processor compared to cash/real money it's indeed far better. but you can't do it of course. real money regulated by the government and it's sucks for those people who want a fully freedom. when bitcoin ruled by you and noone else . it's make bitcoin looks better with this reason.

That's good for those merchants actually they are not just accepting bitcoin for the payments but I'm pretty sure that most of them has an option for accepting fiat. We know that many hates on how the government works and I can say that bitcoin will be the best currency for us that wants to avoid bigger fees and taxation.

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March 11, 2017, 05:02:12 AM
 #1057

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?


bitcoin is a cryptocurrency that we can earn thru online so when you dont have an internet connection you cannot earn while real money is the physical money in your wallet you need to get a job to earn money. the similar to them is ,they can be both steal and can be bigger if you are wise.
That's not the main usage of bitcoin actually, for the benefit of all I'm sure we are not all earning income. When it's compared to a real money, we should state the difference, and yes we use bitcoin to gamble because it's very safe for us not to divulge personal information that might put us into unfavorable situation in the future. It's only for convenience but for investing, that is another thing as that is a case to case basis.

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March 11, 2017, 05:21:51 AM
 #1058

There's a lot of differences between bitcoin and money such as bitcoin is can be used for online transaction, can be use in online shop because some online shop accepting bitcoin now, and etc. While money is used for medium of exchange in our real world. Bitcoin is electronic form of money while real money is tangible and can be used for buy and sell.

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March 11, 2017, 05:23:32 AM
 #1059

Bitcoins are an electronic form of money while real is kind of tangible money.Real money are rarely used in any country but bitcoins are also used in any transaction or in trading and investing.There are many difference between Bitcoin and real money but they both used in trading and investing but in real money you can safe it carefully like in bitcoin your money are totally safe because when you need an transaction it need verification to know that your money is in investing.
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March 11, 2017, 05:42:39 AM
 #1060

Bitcoins are an electronic form of money while real is kind of tangible money.Real money are rarely used in any country but bitcoins are also used in any transaction or in trading and investing.There are many difference between Bitcoin and real money but they both used in trading and investing but in real money you can safe it carefully like in bitcoin your money are totally safe because when you need an transaction it need verification to know that your money is in investing.
Yeah both kind of money have better different but their use are more better to differentiate between them because like bitcoin we can use real money ( Fiat ) in only market but this is transaction fee and tax system which are high ( specially tax's) in case of Fiat .
So here we have a better way of payment also which is a totally strange thing to make our life more easy to deal with our money in online business .

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