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Author Topic: Difference between Bitcoin and real money?  (Read 110683 times)
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March 30, 2017, 12:22:29 AM
 #1121

I think many people will agree with me if I say bitcoin has the potential to double or triple its value. That is the only reason why I believe in bitcoin unlike money it is very stable and manipulated by wealthy people. I really like the qualities that bitcoin has where the real money doesn't have.
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March 30, 2017, 01:36:05 AM
 #1122

There's a big difference between bitcoin and real money. You can only earn bitcoin if you are using it in the internet just laying down and using your device just to earn bitcoin. While in a real money you will only earn it just you are working hard you cannot just laying down or using your own device just to earn it easily you really need is hardwork and a stable job.

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March 30, 2017, 01:43:13 AM
 #1123

There's a big difference between bitcoin and real money. You can only earn bitcoin if you are using it in the internet just laying down and using your device just to earn bitcoin. While in a real money you will only earn it just you are working hard you cannot just laying down or using your own device just to earn it easily you really need is hardwork and a stable job.
These days even real money can be earned laying down using devices. You could find several opportunities, but very few will be functioning perfectly without any cheating. With digital money the laying down and earning access have been decreasing continuously. These days only the big investors get the chance of earning in such a manner.

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March 30, 2017, 02:10:25 AM
 #1124

There's a big difference between bitcoin and real money. You can only earn bitcoin if you are using it in the internet just laying down and using your device just to earn bitcoin. While in a real money you will only earn it just you are working hard you cannot just laying down or using your own device just to earn it easily you really need is hardwork and a stable job.
These days even real money can be earned laying down using devices. You could find several opportunities, but very few will be functioning perfectly without any cheating. With digital money the laying down and earning access have been decreasing continuously. These days only the big investors get the chance of earning in such a manner.
Earning money without doing anything is easier in digital curency since everything is automatic. Although you can do that in real money(fiat curency), you would need much of money to do that unlike in digital cureency wherein you only need decent money.

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March 30, 2017, 02:13:25 AM
 #1125

Bitcoin is a digital currency and the fiat money is a real or touchable currency. The fiat money is more convenient than bitcoin and the bitcoin is quietly not user friendly. But in fiat money in a certain country the value is stable and in bitcoin the value is going up down because it's just like product its undergo the law of supply and demand.

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March 30, 2017, 02:34:08 AM
 #1126

I think many people will agree with me if I say bitcoin has the potential to double or triple its value. That is the only reason why I believe in bitcoin unlike money it is very stable and manipulated by wealthy people. I really like the qualities that bitcoin has where the real money doesn't have.

When it comes to manipulation, it's just the same thing with bitcoin. There are people that are manipulating the price of bitcoin and that's what we call the whales. However, it's true that if we invest in bitcoin, the money we will invest there has the chance to grow, unlike in real money it will be eaten yearly by the inflation.

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March 30, 2017, 03:26:30 AM
 #1127

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?

Literally, bitcoin is a virtual currency which commonly used for now in digital payments so far like in online payment such as shopping online,   travel tours just like usd, euro, and yen. While real money can be useful in public business, private, but not in online payment.
That is not true, bitcoin is actually a way of investment rather than a way to pay for online shops, it is exactly like gold, it is used for making profit, when it was created it was meant to be a new revolutionary way to pay for online shopping, but with the developers limiting its supply to 21 millionbtc people started saving which made its value getting higher, and that changed its idea from online payment method to and online investment.

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March 30, 2017, 03:26:42 AM
 #1128

I think many people will agree with me if I say bitcoin has the potential to double or triple its value. That is the only reason why I believe in bitcoin unlike money it is very stable and manipulated by wealthy people. I really like the qualities that bitcoin has where the real money doesn't have.

When it comes to manipulation, it's just the same thing with bitcoin. There are people that are manipulating the price of bitcoin and that's what we call the whales. However, it's true that if we invest in bitcoin, the money we will invest there has the chance to grow, unlike in real money it will be eaten yearly by the inflation.
Manipulation of price happens most of the time and that makes the price of bitcoin so volatile, though it is manipulated but by holding long term you will benefit. The whales will manipulate to move the price up and down to benefit in buying a low price from the weak hands and sell bitcoins when they create a rumor about the possible progress that will happen. We as investor should also be fully aware on that and not just following what people around you are saying, we have to do our own research.

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March 30, 2017, 03:31:55 AM
 #1129

I think is the price, real money fixed price, but the bitcoin is not fixed (can profit or loss), I think the modern financial system should be like bitcoin transactions, thereby making it easier
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March 30, 2017, 03:56:33 AM
 #1130

Demand and supply is what sets the price or value of an object.

"Real" money is backed by political power. Your government guarantees the value of the note you are holding. Governments generally last a long time, that's why the US dollar is the preferred fiat to hold, while nobody likes to hold many Central African currencies because of their banana republic statuses. Also, you pay your taxes in the currency of your residence. So, the demand for fiat is reinforced by that fact.

In case of worldwide conflict or governments fall, many would flee to gold because of its historical demand as a common object of beauty by many cultures.  

Whereas Bitcoin tries to emulate gold in its rarity and universality. Bitcoin's demand stems largely from speculators that think it will widely be used in the future and because of its rarity, the price will increase; secondly by some users who are actually using its ability to transfer monetary value without any central authority.

The problem with fiat currency is that it is based on debt and controlled by your government which means it is designed to slowly lose value because its primary use is to facilitate a universal stable means of exchange of goods and services. This is a long subject in economics, so I leave as that.

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March 30, 2017, 05:27:58 AM
 #1131

 :)Bitcoin is money. The only difference is that we can't have BTCs on real life. It only exists on the virtual world. But Bitcoin has advantages: We don't need to pay high fees like our local currencies; The transactions are fast and anonymous; Bitcoin is a crypto-currency and we don't have bureucracy to use Bitcoins, and I hope it continues like now for a long time.
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March 30, 2017, 05:40:29 AM
 #1132

Bitcoin is a digital currency and the fiat money is a real or touchable currency. The fiat money is more convenient than bitcoin and the bitcoin is quietly not user friendly. But in fiat money in a certain country the value is stable and in bitcoin the value is going up down because it's just like product its undergo the law of supply and demand

I'm curious what country you are from

It kinda looks that you are not from a so-called third world one (say, Zimbabwe). Otherwise, you would have known that apart from a few major "hard" currencies like the US dollar or Swiss franc, the rest of the pack are as volatile as hell. Though their "volatility" can hardly be called that, since the price changes these third world (or, rather, rest of the world) currencies are subjected to are typically one-way directed only, i.e. toward depreciation and devaluation (unlike Bitcoin)

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March 30, 2017, 05:53:06 AM
 #1133

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?

Money is a store of value which is issued by a nation to be used by its citizens.Money is a paper currency which is printed and not mined.It is issued in proportion to amount of gold a country holds as a reserve.Tax has to be paid for earnings in such money.Bitcoin is a digital currency which is not issued by any particular state.It is universally used irrespective of nations.It is obtained by mining operations.Total number of bitcoins available is 21 millions only of which 16 million have already been mined.Tax is not paid for bitcoin earnings in most of the countries and for that reason only,they fear bitcoins.
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March 30, 2017, 05:58:35 AM
 #1134

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?


Technically the difference between them is, we can see literary the real money we can put it in our real wallet, we can fold it, or can thrash it unintentionally. We may convert bitcoins to real money. Even if we doesn't converted it, there are some stores out there that accept bitcoins thru online transaction without being converted it.

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March 30, 2017, 06:25:13 AM
 #1135

We compare bitcoin to real money because of its very big value. There are online merchants that has already accepting bitcoin as payment to buy products and services even in third party applications to purchase special features. Because of its unique characteristics, I think that what makes BTC popular especially in online investments and playing gamble games; the divisibility to the smallest value.

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March 30, 2017, 07:45:47 AM
 #1136

Bitcoin isn't money in traditional way and its doesn't belong to just one country or group of countries, doesn't have central bank but it certainly could be used as money for payments,directly or through debit cards. So there are some differences but also some similarities. But O think virtual currencies are definetely the future of money and payments.

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March 30, 2017, 07:58:25 AM
 #1137

for my money this bitcoin lots in the world and no one else could manipulations
while the real money we do not know how much will be printed.

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March 30, 2017, 08:02:51 AM
 #1138

Bitcoin isn't money in traditional way and its doesn't belong to just one country or group of countries, doesn't have central bank but it certainly could be used as money for payments,directly or through debit cards. So there are some differences but also some similarities. But O think virtual currencies are definetely the future of money and payments.
As long as it could be used to purchase something , spend on anything it is considered as money.
But bitcoin more than that , a lot of things you can do with this great invention .
If you really know well , you can take an advantage . A lot of people store value on bitcoin as they think it was good future investment too.

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March 30, 2017, 08:04:18 AM
 #1139

Both things, bitcoin, and real money, has an agreed upon value. That's why the price goes up and down because of the trading that is happening. The difference between them is that Bitcoin is digital and of course, money is printed with unique features to prevent fraud and forgery. Knowing that Bitcoin is digital, it's going to be hard to hack also, so forging will never work while real money, it will be easy if you work at the money printing company or something because you will know the process or something. That's what I think.



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Rainbot
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Cherylstar86
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March 30, 2017, 08:12:42 AM
 #1140

Real money compared to bitcoin has a very big difference because real money can be touch and can be hold physically, while bitcoin comes to a digit form stored in your online wallet account. You can only view your amount of btc balance using the web network you have and that stored btc can be appreciated once it was exchanged to fiat money cash, which will be used for spending also.

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