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Author Topic: Difference between Bitcoin and real money?  (Read 112547 times)
chris200x9
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March 30, 2017, 09:53:36 AM
 #1141

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.
The Bitcoin have more value than real money, but the Bitcoin value will decide by real money only. if the real money not there then there is no Bitcoin. And real money can use by anywhere in the world without any restrictions, but you can not use Bitcoin like this. We have many conditions to use Bitcoin legally in all countries.

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March 30, 2017, 10:54:26 AM
 #1142

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.
The Bitcoin have more value than real money, but the Bitcoin value will decide by real money only. if the real money not there then there is no Bitcoin. And real money can use by anywhere in the world without any restrictions, but you can not use Bitcoin like this. We have many conditions to use Bitcoin legally in all countries.
Yeah , here to use the bitcoin we should have legal permission to use it . Because in the few countries is banned so here we can say we can't use it in every country . Well the bitcoin here have big value in the market then what the Fiat have . Because the Fiat can be use in the country but bitcoin can be use in the outside of the Country , so here we have ease to use bitcoin in any way and in any possible ways .
So here I will support only bitcoin and bitcoin have more advantage then bitcoin that it can be use everywhere .


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March 30, 2017, 11:48:26 AM
 #1143

Real money is accepted by all the nations but bitcoin is not accepted by many nations so it is difficult to use it in our daily usage. Another thing we do not know  who is the source for this coin but in the cause of real money every government is the source of that country currency. 

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March 30, 2017, 11:57:25 AM
 #1144

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
I think the same as bitcoin, real money has a rate to another currency. real money also need the price / rate. if it does not have a rate. of course the money would not be used for spending. and certainly can not be called real money

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March 30, 2017, 12:30:25 PM
 #1145

It is true there are lots of real money that were printed out of no where.  The money supply is to much that it deteriorates in value.  This is the difference between bitcoin and real money, Government can print infinite numbers of paper money while bitcoin is limited to 21M.  Not saying thousands of bitcoin are already lost on corrupted hard disks or damaged one.  So basically bitcoin would be less than 21m when it is fully mined.

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March 30, 2017, 01:32:56 PM
 #1146

I didn't find any difference between bitcoin and real money. Real money is accepted everywhere, but bitcoin has not been accepted my countries. When comparison with real money bitcoin is more valuable, but have very limited stores and even in some countries bitcoin is still not accepted.
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March 30, 2017, 02:07:09 PM
 #1147

 The major difference between Bitcoin and regular money such as regular currency would be the timing. Bitcoin requires a bunch of time to go by before the person could verify that they received the payment.
Currency is different because the payment is transferred immediately when it reaches the person. There isn't any verification needed with money though the term money is used nowadays a personal preference so this would all be pretty much a speculation at most.

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March 30, 2017, 02:15:13 PM
 #1148

bitcoin got transaction fee.
u might be find difficulty to buy and sell bitcoin depends on country.
bitcoin price will move up and down then real money. it may make your loss or profit on your own current a/c.


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March 30, 2017, 02:23:36 PM
 #1149

bitcoin got transaction fee.
u might be find difficulty to buy and sell bitcoin depends on country.
bitcoin price will move up and down then real money. it may make your loss or profit on your own current a/c.




I think the main difference is decentralization. The usual currency is issued only by the government.
But I'm sure that bitcoin can be bought in any country.
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March 30, 2017, 02:27:26 PM
 #1150

well you work for real money that would be major point,its physical by many accounts.Real money create jobs since they are being invested.btc is more like medium between fiat=btc=fiat,closest you can compare it as some stock,think BTC more is like a service where people buy it either to gain easy asset transfer or speculate on it like forex.
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March 30, 2017, 03:48:29 PM
 #1151

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.

Ah, you're wrong there. The gold standard has completely been abandoned in 1971. It's replaced by a basket of fiat reserves (USD, CNY, EUR, etc) but mostly by USD reserves.

For example, you want to exchange Singaporean dollars, their central bank are obligated to exchange it to any of the fiat reserves, but most of time, it's exchanged for USD.

That's why central banks have large reserves of foreign fiat so that they are able to absorb overwhelming demand to exchange local currency.

In the case of the U.S., dollars are backed by the “full faith and credit”  Wink of the U.S. Government (also military).

Bitcoins are backed by demand from cypherpunks and speculators.

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March 30, 2017, 03:51:28 PM
 #1152

well you work for real money that would be major point,its physical by many accounts.Real money create jobs since they are being invested.btc is more like medium between fiat=btc=fiat,closest you can compare it as some stock,think BTC more is like a service where people buy it either to gain easy asset transfer or speculate on it like forex.

since bitcoin is shapeless than bitcoin are free for being stolen from burglar , just protect your private key from hacker
bitcoin also can be use for investation also currency compare using fiat only for transaction purpose

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March 30, 2017, 04:42:13 PM
 #1153

well you work for real money that would be major point,its physical by many accounts.Real money create jobs since they are being invested.btc is more like medium between fiat=btc=fiat,closest you can compare it as some stock,think BTC more is like a service where people buy it either to gain easy asset transfer or speculate on it like forex.

since bitcoin is shapeless than bitcoin are free for being stolen from burglar , just protect your private key from hacker
bitcoin also can be use for investation also currency compare using fiat only for transaction purpose

Bitcoin digital form, amount limited just 21M and low fee when transaction, very different with real money.


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March 30, 2017, 07:05:10 PM
 #1154

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?

why would I invest money in Bitcoins at the end of the day?
Its up to you if you like to do some trade or to do some gambling online using bitcoin.

Why would I convert my $ to bitcoins?
Because there is a volatility or bouncing happen in the market it can be down or up.

What's the difference between Bitcoins and dolars?
They are both use payment electronically in online.

What does bitcoin bring to the table that real $ don't, less taxes, more income?
 that's why online gambling adopt bitcoin in their site because it doesn't need any taxes.




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March 30, 2017, 09:48:09 PM
 #1155

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.

That's also the difference of bitcoin, if you are going to hold for a longer term possible profit is there. But in real money, if you are going to earn possible of nothing to gain is there and your money probably will be affected by the inflation. It is why many of us loves to use and hold bitcoin as it is proven to be a good investment.

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March 30, 2017, 11:40:23 PM
 #1156

Real money is accepted by all the nations but bitcoin is not accepted by many nations so it is difficult to use it in our daily usage. Another thing we do not know  who is the source for this coin but in the cause of real money every government is the source of that country currency. 
its true. but this may be different in the future but at least bitcoin own rate and can be exchanged in different currencies and you can do a spending thereafter. bitcoin I think the same as real money

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March 31, 2017, 12:00:24 AM
 #1157

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?


We can see the btc while real money does.but both we are able to use it as our curency and buy our foods from it and investing on it is very good idea also.

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March 31, 2017, 12:01:53 AM
 #1158

Real money is accepted by all the nations but bitcoin is not accepted by many nations so it is difficult to use it in our daily usage. Another thing we do not know  who is the source for this coin but in the cause of real money every government is the source of that country currency. 
its true. but this may be different in the future but at least bitcoin own rate and can be exchanged in different currencies and you can do a spending thereafter. bitcoin I think the same as real money

I think it's the opposite, I think bitcoin is accepted in world wide, the reason why bitcoin still not hasn't been accepted in many country because bitcoin still not too famous, but when everybody is already familiar with bitcoin and inplemented it, bitcoin will be world wide currency and fiat is not always accepted in all country, sometimes you need to exchange it first before you can used in other country

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March 31, 2017, 12:32:01 AM
 #1159

There are so many differences between bitcoin and in the real money. Real money is accepted everywhere but the btc doesn't. But there's a lot of good stuffs in btc that's why there are a lot of people who still believes that soon, the whole universe will definitely welcome and accepts the bitcoin. Smiley
One thing why I love btc rather than in real money, is that you can use it in online as an alternative for the real money. Isn't amazing? Smiley
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March 31, 2017, 12:43:03 AM
 #1160

You basically can't differentiate between the 2 as both have there own features.
If you see the price of currency doesn't change while the price of bitcoin keeps increasing and decreasing.
People use currency to buy stuffs from groceries while bitcoin isn't adopted for activities like this.
Plus currency can be printed so in general it has unlimited supply while bitcoin has high demand but supply is less

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