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Author Topic: Difference between Bitcoin and real money?  (Read 110686 times)
21kevin21
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March 15, 2017, 09:40:57 PM
 #1081

The difference between bitcoin and dollar or real money? bitcoin cannot be use physically in the public stores outlet, unless the merchant business owner is accepting bitcoin as payment but most of the realy money was often to used. and bitcoin was decentralized that's why many of the community like it so much due to none of the biggest bank and government don't have the power to control bitcoin unlike the real money like USD , EURO and others are centralized.
to me i think the only difference is that bitcoin is virtual currency, while bitcoin is fiat currency, but still in some places bitcoin can also be use as fiat currency where the number of bitcoin users are more.
Fiat is more stable than bitcoin, and to think only how traders need to adjust the prices for the goods so that bitcoin matches the price of the goods. This introduces some difficulties for businesses in retail stores.
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March 15, 2017, 09:52:42 PM
 #1082

So even though Bitcoin does not have a material look it is much more real than the 00 and 11 of your bank account.
However the biggest difference between Bitcoin and Virtual Money is that there is only one way it can be created. Through mining, that is, rewarded those who guarantee that no Bitcoin will be transferred to someone without its existence being proven. Bitcoin's existence is not only secure but limited.

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March 15, 2017, 09:57:11 PM
 #1083

The difference between bitcoin and dollar or real money? bitcoin cannot be use physically in the public stores outlet, unless the merchant business owner is accepting bitcoin as payment but most of the realy money was often to used. and bitcoin was decentralized that's why many of the community like it so much due to none of the biggest bank and government don't have the power to control bitcoin unlike the real money like USD , EURO and others are centralized.
to me i think the only difference is that bitcoin is virtual currency, while bitcoin is fiat currency, but still in some places bitcoin can also be use as fiat currency where the number of bitcoin users are more.
Fiat is more stable than bitcoin, and to think only how traders need to adjust the prices for the goods so that bitcoin matches the price of the goods. This introduces some difficulties for businesses in retail stores.
yes fiat is more stable than bitcoin the reason is that fiat is already established currency and it is regulated the same everywhere while bitcoin is not yet fully established and its use is still not the same everywhere but sometimes the use in increased and sometimes decreased that is why bitcoin is not stable. So that is not distinguishing bitcoin from fiat.

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March 15, 2017, 10:49:00 PM
 #1084

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.
bitcoin are a form of next money generation, used globally anywhere , noone rule you out , just you! the money concept of bitcoin are a breakthough a lot of people who know well about technology would of course support bitcoin. the problem are only on a traditional people who so hard to accept a new thing a new technology on financial.

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March 16, 2017, 12:45:57 AM
 #1085

Bitcoin is really not that different from regular money, it is jut that since bitcoin is mostly digital there is not much use for it in our regular lives.

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March 16, 2017, 02:32:26 AM
 #1086

Bitcoin is digital and cannot be seen by our naked eye. Only the details, transactions and amount but physically there is no appearance for it. And real money is popular as we know and it can be touched used for different transactions and this is what people are relying to use.
The difference between them is too big.The only thing in common is that they can be used as money,range of application is not the same.


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March 16, 2017, 04:06:45 AM
 #1087

Bitcoin is really not that different from regular money, it is jut that since bitcoin is mostly digital there is not much use for it in our regular lives.
A realise is bitcoin is decentralized and not endless printing. So it is more profitable for us to use bitcoin rather than fiat. If you use bitcoin your value of your money is increase everytime, your transaction become more easier, faster, safer and government will not tax it.  
So bitcoin and fiat is the same, it is money. But bitcoin  is give us more benefit rather than fiat.

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March 16, 2017, 04:30:31 AM
 #1088

Bitcoin is really not that different from regular money, it is jut that since bitcoin is mostly digital there is not much use for it in our regular lives.
A realise is bitcoin is decentralized and not endless printing. So it is more profitable for us to use bitcoin rather than fiat. If you use bitcoin your value of your money is increase everytime, your transaction become more easier, faster, safer and government will not tax it.  
So bitcoin and fiat is the same, it is money. But bitcoin  is give us more benefit rather than fiat.
Well, I also think so that bitcoin and fiat is the same, it is money. But the striking difference
between the bitcoin and fiat money is the fiat money we can touch and we put into our wallet to transact,
whereas bitcoin just a digital currency that we cannot see and touch, But we can feel that.  Grin

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March 16, 2017, 06:03:20 AM
 #1089

Decentration,one of the main differences.
bitcoin is free,decentration,this is very attractive to me
but dollar is constrained by the government.

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March 16, 2017, 06:40:26 AM
 #1090

Welcome to Bitcoin and to the Forum!

The questions you're asking are great ones. However, they're also questions that you can find answers to REALLY easily on this forum or Google. I'd encourage you to do some reading here and then come up with some more specific questions.

I can help get you started with some simple answers.

Why would I invest in bitcoin? All sorts of reasons ranging from pure curiosity to love of new technology to investment diversification. Bitcoin is used as currency to buy things and as a store of value, i.e., a place to house your savings with hopes of value appreciation or hedging against the depreciation of stocks or savings held in fiat currency. One example often used is that of Cyprus. Are you familiar with the country of Cyprus and it's severe monetary crisis from a few years back? It was so bad that the Cyprus government controlled how much money their citizens could take out of their banks. Think about that. That government telling you that you can't access your very own money! How scary is that? Bitcoin offers an alternative. No government (currently) can seize control of your bitcoin, this represents safety and security.

What's the difference between bitcoin and dollars? Bitcoin isn't regulated by any government. It isn't created "out of thin air" as fiat currency is. There will only ever be a finite amount of bitcoin, which controls it's value. Once all bitcoin is mined there will be 21 million in existence, that's it. No one can ever create more (as is done every year with fiat currency). When fiat currency is created by central banks they reduce the value of the existing currency in the market, which results in inflation of prices. This is why the price of every day things (that haven't changed in 50 years, like groceries or utilities) have gone up in price over time. There's a lot of other differences, but it's better for you to read up on them.

Why would I gamble with bitcoin? I don't, but if you want to you can gamble for significantly smaller portions of money (like cents as opposed to dollars or tens of dollars). And you can do it from the convenience of your computer.

Here are a few links for you to explore:

Feel free to respond with other questions. I think you'll get better response if you educate yourself a bit first and then come back with more specific questions.

Have you bought any bitcoin yet? Do you have a wallet yet? (If you don't, PM me and I'll set you up and give you some bitcoin)

Good luck to you!

The most apt answer i can find...descriptive and nice

Yes, totally agree with that.
I kind of like the section to where he differentiate bitcoin and dollars. The detailed part about the price of everyday things gets higher and higher because of creating more fiat and getting its value down.
I want to see what happens when there is just a million left of bitcoin to be prized for mining. I think there will be a lot more demand when the time comes.
Just one question here to make you us thing of something or realize it.
Why buy USD or EURO if they can create more of that? Why not bitcoin that is limited and will be rare after all?

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March 16, 2017, 11:52:26 AM
 #1091

The difference between bitcoin and dollar or real money? bitcoin cannot be use physically in the public stores outlet, unless the merchant business owner is accepting bitcoin as payment but most of the realy money was often to used. and bitcoin was decentralized that's why many of the community like it so much due to none of the biggest bank and government don't have the power to control bitcoin unlike the real money like USD , EURO and others are centralized.
to me i think the only difference is that bitcoin is virtual currency, while bitcoin is fiat currency, but still in some places bitcoin can also be use as fiat currency where the number of bitcoin users are more.
Fiat is more stable than bitcoin, and to think only how traders need to adjust the prices for the goods so that bitcoin matches the price of the goods. This introduces some difficulties for businesses in retail stores.
I don't think this will actually be a problem because in future I'm totally sure it will be a cashless economy even though the price of bitcoin fluctuates maybe in future we will have a digital tv for each commodity where price changes according to the price of bitcoin.

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March 17, 2017, 09:05:16 PM
 #1092

The difference between bitcoin and dollar or real money? bitcoin cannot be use physically in the public stores outlet, unless the merchant business owner is accepting bitcoin as payment but most of the realy money was often to used. and bitcoin was decentralized that's why many of the community like it so much due to none of the biggest bank and government don't have the power to control bitcoin unlike the real money like USD , EURO and others are centralized.
to me i think the only difference is that bitcoin is virtual currency, while bitcoin is fiat currency, but still in some places bitcoin can also be use as fiat currency where the number of bitcoin users are more.
Fiat is more stable than bitcoin, and to think only how traders need to adjust the prices for the goods so that bitcoin matches the price of the goods. This introduces some difficulties for businesses in retail stores.
I don't think this will actually be a problem because in future I'm totally sure it will be a cashless economy even though the price of bitcoin fluctuates maybe in future we will have a digital tv for each commodity where price changes according to the price of bitcoin.

It good point you said but it will take lot more time and effort for this. Good is that we seen and witness that price was higher then gold. This can be good starting point for future but for cashless economy it will take lot more to accomplish in not something that can be done over night.

In this case government need to be involved and bitcoin idea was to avoid them so they can control it. For cashless economy they need to get involved and that may be impossible for our lifetime maybe for our children maybe or for theirs.



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VTCutch
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March 17, 2017, 09:49:58 PM
 #1093

The difference between bitcoin and dollar or real money? bitcoin cannot be use physically in the public stores outlet, unless the merchant business owner is accepting bitcoin as payment but most of the realy money was often to used. and bitcoin was decentralized that's why many of the community like it so much due to none of the biggest bank and government don't have the power to control bitcoin unlike the real money like USD , EURO and others are centralized.
to me i think the only difference is that bitcoin is virtual currency, while bitcoin is fiat currency, but still in some places bitcoin can also be use as fiat currency where the number of bitcoin users are more.
Fiat is more stable than bitcoin, and to think only how traders need to adjust the prices for the goods so that bitcoin matches the price of the goods. This introduces some difficulties for businesses in retail stores.
I don't think this will actually be a problem because in future I'm totally sure it will be a cashless economy even though the price of bitcoin fluctuates maybe in future we will have a digital tv for each commodity where price changes according to the price of bitcoin.

It good point you said but it will take lot more time and effort for this. Good is that we seen and witness that price was higher then gold. This can be good starting point for future but for cashless economy it will take lot more to accomplish in not something that can be done over night.

In this case government need to be involved and bitcoin idea was to avoid them so they can control it. For cashless economy they need to get involved and that may be impossible for our lifetime maybe for our children maybe or for theirs.

I'm not sure that the government wants to take bitcoin as part of the economy. It is afraid of bitcoin for that reason. That he can not control it. Decentralized bitcoin will never replace a centralized currency
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March 17, 2017, 11:07:08 PM
 #1094

Bitcoin is really not that different from regular money, it is jut that since bitcoin is mostly digital there is not much use for it in our regular lives.
A realise is bitcoin is decentralized and not endless printing. So it is more profitable for us to use bitcoin rather than fiat. If you use bitcoin your value of your money is increase everytime, your transaction become more easier, faster, safer and government will not tax it.  
So bitcoin and fiat is the same, it is money. But bitcoin  is give us more benefit rather than fiat.
yes the main difference between bitcoin and the real money is that bitcoin is online decentralize digital currency while fiat is centralize currency with different value from place to place.
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March 18, 2017, 02:11:53 AM
 #1095

Simple, the difference between Bitcoin and real money is obvious. Real money is something you can spend on anytime anywhere without the blink of an eye, while Bitcoins are figures you see on your screen (digital that is); will it be your laptop or your cellphone. I personally don't spend that much (for real money), so saving Bitcoins is really a thing for me. It is an advantage for someone like me who doesn't go out that much and still earn while I'm at home.

   
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Sniper150
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March 18, 2017, 04:48:21 AM
 #1096

Different between bitcoin and real money, in my opinion, is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.


Yes, because you can gather bitcoin in your own wallet instead of converting it to real money, you can invest it as biggest as you can if you want.

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Astvile
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March 18, 2017, 05:07:04 AM
 #1097

The main difference between them is the platform where we can exchange and spend bitcoins and real money.We can spend our realmoney in real estate things and on physical shops.While we  can spend bitcoin online mostly and it has a different system in real money/fiat currencies.Bitcoins now are limited in physical shops so they do differ there

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artows21
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March 18, 2017, 08:10:22 AM
 #1098

I think, the difference is very clear, without to much technical details.

I can receive salary from my regular, offline job, only in real money.
Bank will accept my payments for the loan only in real money.
Offline shops will also accept only real money. However it's true that sometimes some online shops accept bitcoins but it is quite rare.
So only a few merchants accept Bitcoin in my country so we have no choice but to exchange Bitcoin to the real money, if we need to buy something.

It seems that right now I don't have so many choices with Bitcoin.
I can keep my BTC funds in the wallet, spend for digital staff or exchange to real money.

So, to put in simple way, I manage my daily living with real money and keep my BTC funds as assets for the future.
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March 18, 2017, 02:35:27 PM
 #1099

Bitcoin is really not that different from regular money, it is jut that since bitcoin is mostly digital there is not much use for it in our regular lives.
A realise is bitcoin is decentralized and not endless printing. So it is more profitable for us to use bitcoin rather than fiat. If you use bitcoin your value of your money is increase everytime, your transaction become more easier, faster, safer and government will not tax it.  
So bitcoin and fiat is the same, it is money. But bitcoin  is give us more benefit rather than fiat.
yes the main difference between bitcoin and the real money is that bitcoin is online decentralize digital currency while fiat is centralize currency with different value from place to place.

I can see that people can just see the difference of two though its easiness of the access. But then as I say, they are in different concept. Real money cant be compare with  digital currency and same is true for digital currency.

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Iranus
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March 18, 2017, 02:44:04 PM
 #1100

The difference between bitcoin and dollar or real money? bitcoin cannot be use physically in the public stores outlet, unless the merchant business owner is accepting bitcoin as payment but most of the realy money was often to used. and bitcoin was decentralized that's why many of the community like it so much due to none of the biggest bank and government don't have the power to control bitcoin unlike the real money like USD , EURO and others are centralized.
to me i think the only difference is that bitcoin is virtual currency, while bitcoin is fiat currency, but still in some places bitcoin can also be use as fiat currency where the number of bitcoin users are more.
Fiat is more stable than bitcoin, and to think only how traders need to adjust the prices for the goods so that bitcoin matches the price of the goods. This introduces some difficulties for businesses in retail stores.
yes fiat is more stable than bitcoin the reason is that fiat is already established currency and it is regulated the same everywhere while bitcoin is not yet fully established and its use is still not the same everywhere but sometimes the use in increased and sometimes decreased that is why bitcoin is not stable. So that is not distinguishing bitcoin from fiat.
Well it's partially about that, but it's also because Bitcoin cannot be regulated.  Because of its free and open nature, no government is going to be introducing new Bitcoin into the market and the amount of Bitcoin which is introduced is completely static.
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