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Author Topic: Difference between Bitcoin and real money?  (Read 112547 times)
roadbits
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April 17, 2017, 10:16:16 AM
 #1241

There are lot many differences between btc and paper money,
But biggest one is bitcoin is decentralized and its full supported by its market. It is great to have that kind of money in this age.

I agree with this, being decentralize of bitcoin is the best difference of it to fiat or money, which makes bitcoin so unique and trying to beat by other coins Cheesy . Also the support of the people of earning it is so different to real one.

Bitcoin definitely holds higher features and benefits in compare to real money as real money will never grow in future due to the inflation rate but the value of bitcoins keeps on increasing over a period of time so its better to save money in bitcoins and not in fiat.

Bitcoin is booming currency in the digital world. And the benefits of bitcoin is more attracting to compare real money. It is growing day by day very fast and becoming more popular in all country. The disadvantage is it is illegal in many countries and we can not use it for real world. Other than this it is far better than fiat currency.
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April 17, 2017, 10:53:12 AM
 #1242

I think real money is not in accordance with the needs of the times now because it is always below the inflation rate, as a result the value of the currency down
Since you are right but still here we are not with the proper difference between bitcoin and real money .
In bitcoin we have numbers of the opportunities to make earning easily , so here most of the persons are using bitcoin like currency but in the real.money like Fiat local currency you have very numbers of the opportunities to make earning , I mean we can't make a profitable trade that will not involve any tax .
Here bitcoin is tax free and can be own in the wallet without any particular limit .
So here directly we can say that bitcoin has value for the people for making earning and generating buisness but  real money is just only a way of payment .


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taxmanmt5
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April 17, 2017, 11:44:48 AM
 #1243

There are lot many differences between btc and paper money,
But biggest one is bitcoin is decentralized and its full supported by its market. It is great to have that kind of money in this age.

I agree with this, being decentralize of bitcoin is the best difference of it to fiat or money, which makes bitcoin so unique and trying to beat by other coins Cheesy . Also the support of the people of earning it is so different to real one.
Also, Bitcoin cannot to forged or corrupted as happened on fiat money.
Although for now the Bitcoin has yet to gain the trust of all countries to adopt this as
official currency like fiat money now, but I think Bitcoin is better than fiat money in this century.

Exactly, I really like what you have said or posted that bitcoin cannot be corrupted. I guess this is what we really need, it is not easily be hack ad steal by others like in fiat, easily as snapped Smiley

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April 17, 2017, 01:10:50 PM
 #1244

There are lot many differences between btc and paper money,
But biggest one is bitcoin is decentralized and its full supported by its market. It is great to have that kind of money in this age.

I agree with this, being decentralize of bitcoin is the best difference of it to fiat or money, which makes bitcoin so unique and trying to beat by other coins Cheesy . Also the support of the people of earning it is so different to real one.
Also, Bitcoin cannot to forged or corrupted as happened on fiat money.
Although for now the Bitcoin has yet to gain the trust of all countries to adopt this as
official currency like fiat money now, but I think Bitcoin is better than fiat money in this century.

Exactly, I really like what you have said or posted that bitcoin cannot be corrupted. I guess this is what we really need, it is not easily be hack ad steal by others like in fiat, easily as snapped Smiley

Yes its not easy to hack or steal bitcoins from your wallet as they are very much sitting safe there and the other benefit of having bitcoins is that you can carry any amount of bitcoins in your wallet and no one will be aware about it.


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choppork
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April 17, 2017, 02:37:06 PM
 #1245

There are lot many differences between btc and paper money,
But biggest one is bitcoin is decentralized and its full supported by its market. It is great to have that kind of money in this age.

I agree with this, being decentralize of bitcoin is the best difference of it to fiat or money, which makes bitcoin so unique and trying to beat by other coins Cheesy . Also the support of the people of earning it is so different to real one.

Bitcoin definitely holds higher features and benefits in compare to real money as real money will never grow in future due to the inflation rate but the value of bitcoins keeps on increasing over a period of time so its better to save money in bitcoins and not in fiat.

Bitcoin is booming currency in the digital world. And the benefits of bitcoin is more attracting to compare real money. It is growing day by day very fast and becoming more popular in all country. The disadvantage is it is illegal in many countries and we can not use it for real world. Other than this it is far better than fiat currency.

What exactly did you mean by "real world" because as far as I know, this is the real world. Did you mean in offline mode? Did you mean we can't have a transaction without the use of the Internet? If so, you can possibly do that but you have to take risks. You can do off-chain transaction like you meeting up with someone and then he'll give you the private keys of an address with the bitcoin you agreed before meeting up.

The risk is that he can turn on his mobile data and quickly send the money to another address, since he still has control of the address that he's given you because he knows the private key.

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April 17, 2017, 02:46:04 PM
 #1246

There are lot many differences between btc and paper money,
But biggest one is bitcoin is decentralized and its full supported by its market. It is great to have that kind of money in this age.

I agree with this, being decentralize of bitcoin is the best difference of it to fiat or money, which makes bitcoin so unique and trying to beat by other coins Cheesy . Also the support of the people of earning it is so different to real one.
Also, Bitcoin cannot to forged or corrupted as happened on fiat money.
Although for now the Bitcoin has yet to gain the trust of all countries to adopt this as
official currency like fiat money now, but I think Bitcoin is better than fiat money in this century.

Exactly, I really like what you have said or posted that bitcoin cannot be corrupted. I guess this is what we really need, it is not easily be hack ad steal by others like in fiat, easily as snapped Smiley

Yes its not easy to hack or steal bitcoins from your wallet as they are very much sitting safe there and the other benefit of having bitcoins is that you can carry any amount of bitcoins in your wallet and no one will be aware about it.

Bitcoin is really safe for all of us, if it is dangerous, it's the way you use it. Because bitcoin has a very secure transaction and storage system in offline wallets, however, if you use some dirty web sites, they will probably attach the virus there, and it will infiltrate the device. There are a lot of different viruses, but they will surely lose your entire money.

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April 17, 2017, 02:50:34 PM
 #1247

There are lot many differences between btc and paper money,
But biggest one is bitcoin is decentralized and its full supported by its market. It is great to have that kind of money in this age.

I agree with this, being decentralize of bitcoin is the best difference of it to fiat or money, which makes bitcoin so unique and trying to beat by other coins Cheesy . Also the support of the people of earning it is so different to real one.
Also, Bitcoin cannot to forged or corrupted as happened on fiat money.
Although for now the Bitcoin has yet to gain the trust of all countries to adopt this as
official currency like fiat money now, but I think Bitcoin is better than fiat money in this century.

Exactly, I really like what you have said or posted that bitcoin cannot be corrupted. I guess this is what we really need, it is not easily be hack ad steal by others like in fiat, easily as snapped Smiley

Yes its not easy to hack or steal bitcoins from your wallet as they are very much sitting safe there and the other benefit of having bitcoins is that you can carry any amount of bitcoins in your wallet and no one will be aware about it.

Bitcoin is really safe for all of us, if it is dangerous, it's the way you use it. Because bitcoin has a very secure transaction and storage system in offline wallets, however, if you use some dirty web sites, they will probably attach the virus there, and it will infiltrate the device. There are a lot of different viruses, but they will surely lose your entire money.

Its better not to get into those scammy websites who will promise us to double our coins in quick time and there are many other sites that sounds phishy so in that case you need to be very active that you don't enter such a place which can harm your bitcoins.

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April 17, 2017, 02:55:41 PM
 #1248

There are lot many differences between btc and paper money,
But biggest one is bitcoin is decentralized and its full supported by its market. It is great to have that kind of money in this age.

I agree with this, being decentralize of bitcoin is the best difference of it to fiat or money, which makes bitcoin so unique and trying to beat by other coins Cheesy . Also the support of the people of earning it is so different to real one.
Also, Bitcoin cannot to forged or corrupted as happened on fiat money.
Although for now the Bitcoin has yet to gain the trust of all countries to adopt this as
official currency like fiat money now, but I think Bitcoin is better than fiat money in this century.

Exactly, I really like what you have said or posted that bitcoin cannot be corrupted. I guess this is what we really need, it is not easily be hack ad steal by others like in fiat, easily as snapped Smiley

Yes its not easy to hack or steal bitcoins from your wallet as they are very much sitting safe there and the other benefit of having bitcoins is that you can carry any amount of bitcoins in your wallet and no one will be aware about it.

Bitcoin is really safe for all of us, if it is dangerous, it's the way you use it. Because bitcoin has a very secure transaction and storage system in offline wallets, however, if you use some dirty web sites, they will probably attach the virus there, and it will infiltrate the device. There are a lot of different viruses, but they will surely lose your entire money.

That's why there's a need to secure our address and pins as much as possible it is only you who opens and monitored it, Research the most active and used wallet that offers security and doesn't have high fees.

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April 17, 2017, 03:00:42 PM
 #1249

theres no diffrence, just the laws wasnt set right from now on so its kind of a grey zone for now but dont worry it will be accepted as a currency worldwide sooner then you think
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April 17, 2017, 04:22:22 PM
 #1250

There are lot many differences between btc and paper money,
But biggest one is bitcoin is decentralized and its full supported by its market. It is great to have that kind of money in this age.

I agree with this, being decentralize of bitcoin is the best difference of it to fiat or money, which makes bitcoin so unique and trying to beat by other coins Cheesy . Also the support of the people of earning it is so different to real one.
Also, Bitcoin cannot to forged or corrupted as happened on fiat money.
Although for now the Bitcoin has yet to gain the trust of all countries to adopt this as
official currency like fiat money now, but I think Bitcoin is better than fiat money in this century.

Exactly, I really like what you have said or posted that bitcoin cannot be corrupted. I guess this is what we really need, it is not easily be hack ad steal by others like in fiat, easily as snapped Smiley

Yes its not easy to hack or steal bitcoins from your wallet as they are very much sitting safe there and the other benefit of having bitcoins is that you can carry any amount of bitcoins in your wallet and no one will be aware about it.

Bitcoin is really safe for all of us, if it is dangerous, it's the way you use it. Because bitcoin has a very secure transaction and storage system in offline wallets, however, if you use some dirty web sites, they will probably attach the virus there, and it will infiltrate the device. There are a lot of different viruses, but they will surely lose your entire money.

That's why there's a need to secure our address and pins as much as possible it is only you who opens and monitored it, Research the most active and used wallet that offers security and doesn't have high fees.

Electrum wallet is the best place to store your bitcoins as it has some really great safety features that keeps your bitcoins really safe in your wallet and there is also an option to add higher fees while sending bitcoins which will help in getting transaction confirm faster.


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April 17, 2017, 06:33:46 PM
 #1251

The risk is that he can turn on his mobile data and quickly send the money to another address, since he still has control of the address that he's given you because he knows the private key

Such issues can be easily prevented

People who engage in offline transactions big time (like dozens of bitcoins) use Opendime devices. If you haven't heard of them before, they are basically USB sticks which could be written only once and they keep the private key inside, so even the owner doesn't know it. He just sends bitcoins to the public address of this stick and gives the stick to his counterparty who can then extract the key (aftet that device is no longer usable). Thereby the risk of a "double-spend" is totally eliminated, at least, as long as the Opendime device is authentic and it hasn't been tampered with (though the latter is unlikely)

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April 17, 2017, 10:58:58 PM
 #1252

There are lot many differences between btc and paper money,
But biggest one is bitcoin is decentralized and its full supported by its market. It is great to have that kind of money in this age.

I agree with this, being decentralize of bitcoin is the best difference of it to fiat or money, which makes bitcoin so unique and trying to beat by other coins Cheesy . Also the support of the people of earning it is so different to real one.
Also, Bitcoin cannot to forged or corrupted as happened on fiat money.
Although for now the Bitcoin has yet to gain the trust of all countries to adopt this as
official currency like fiat money now, but I think Bitcoin is better than fiat money in this century.

Exactly, I really like what you have said or posted that bitcoin cannot be corrupted. I guess this is what we really need, it is not easily be hack ad steal by others like in fiat, easily as snapped Smiley
The best thing in bitcoin is that for saving, storing and securing we do not need any third party but we ourselves are the banks of our money if we have bitcoin and we can secure them like the banks are securing it and no one is able to steal that from our wallet.

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April 19, 2017, 07:25:08 PM
 #1253

why you should prefere bitcoin at real money? to escape bank sistem and become your bank by yourself "BE YOUR OWN BANK" and why not your transactions are a little more anonimous that those with real money
I think here is not told to choose between real money and bitcoin. you can use them, the question is what is the difference between bitcoin and real money

The first thing that differentiates bitcoin from the real money is that a bit coin is a virtual currency and we don’t know what sort of reserves is settled for to generate a new bitcoin. Even if, not sure whether there is any such mechanism or not? While the real money is issued by a regulatory body is has its mechanism of while being issued, gold equal to the value of issued notes is kept as reserves.
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April 19, 2017, 07:40:24 PM
 #1254

Both are currencies. Bitcoin is a digital currency and other local currencies we are using is normal currency with which we can purchase or do anything we need.

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April 19, 2017, 10:46:35 PM
 #1255

Both are currencies. Bitcoin is a digital currency and other local currencies we are using is normal currency with which we can purchase or do anything we need.
Yes, I agree with you, This is the main difference between Bitcoin and real money.
One is physic and the other is virtual, but when we talk about the value of each one we can say it's same (I mean money can spend and use). There is a lot of differences, like a price volatility as an exemple. but the final conclusion says that: Both are currencies.

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April 19, 2017, 11:11:17 PM
 #1256

Both are currencies. Bitcoin is a digital currency and other local currencies we are using is normal currency with which we can purchase or do anything we need.
Yes ,both are currencies but in differentiated Real money have a wide use both online and offline transaction unlike bitcoins now it is only exist in online payment and transactions. Bitcoin is not a normal currency by seeing its features and uses online well it is an extraordinary currency in base point of price volatility.

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April 20, 2017, 04:51:11 AM
 #1257

I think is the same, bitcoin and real money we can use to the transaction. But if asked, I will select the bitcoin, with bitcoin can we receive and send to the rest of the world more quickly and cheaply.

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April 20, 2017, 04:48:59 PM
 #1258

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 touch ,smell and see the real money you may also taste it if you want. the main difference between them is that. we cannot see bitcoin and we cannot touch it unlike the real money but both we can use it to buy our needs.

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poetra2501
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April 20, 2017, 05:21:51 PM
 #1259

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 touch ,smell and see the real money you may also taste it if you want. the main difference between them is that. we cannot see bitcoin and we cannot touch it unlike the real money but both we can use it to buy our needs.
I think, that's the uniqueness and specialness of Bitcoin. Not shaped, we cannot see,
but was able to buy something. Even we can  send out of the country very quickly.
That makes me love to Bitcoin is the decentralized system, That is not owned by real money.

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April 20, 2017, 05:33:11 PM
 #1260

The bitcoin is most likely beyond the reach of financial institutions, which is not the case with money. It is usually individual's money not of country's. Moreover long term outlook is that it will increase in value compared to the real money. It will act as investment. Your money isn't sitting idle. It will increase.

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