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Author Topic: Difference between Bitcoin and real money?  (Read 110683 times)
AK47-
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April 20, 2017, 05:33:11 PM
 #1261

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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April 20, 2017, 05:37:56 PM
 #1262

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.

Still you could find the difference between the bitcoin and fiat currency. We need to find the more adoption in use to compare with the fiat currencies. For all these bitcoin need to be legal currency by international controllable countries like USA, UK, Russia, China and etc. Once its been done, you can transfer the bitcoin with low fees as like now.

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April 20, 2017, 05:41:57 PM
 #1263

Bitcoin cannot be compared with money as it seems to me more as a commodity which is being used to profit through, whereas fiat cannot be made to make more fiat and that is the major difference which makes bitcoins more liquid as well as valuable. It feels great to sell such a virtual thing for our own prices, and saying so, I mean that I can sell my coins at a price few bucks higher than what is currently on that gets me something more which is not possible with out fiat as they will be valued the same as to what is written on paper.

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April 20, 2017, 06:17:03 PM
 #1264

There are lots of difference and lots of feature bitcoin have than traditional real money/digital currency. One of the most important is privacy, anonymity and second one is decentralized currency system so that no any government or authority can stop bitcoin or can steal/block/track your money if it is stored in bitcoin. You will be the only one who have access to move those bitcoin with the help of private key of your bitcoin address.

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April 20, 2017, 07:27:04 PM
 #1265

I've been using bitcoin since 2014 and i will say that bitcon is more profitable than earning from descent job from office where you can get money bitcoin there are chance that bitcoin can be grow when you are stocking them into your wallet money is you just ready to spend them or put into bank with 1% interest of it in bitcoin you can do activities like trading , gambling , and investmenst.

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April 20, 2017, 07:41:29 PM
 #1266

I've been using bitcoin since 2014 and i will say that bitcon is more profitable than earning from descent job from office where you can get money bitcoin there are chance that bitcoin can be grow when you are stocking them into your wallet money is you just ready to spend them or put into bank with 1% interest of it in bitcoin you can do activities like trading , gambling , and investmenst.

There are many differences. I agree the bitcoin is much more profitable than fiat. Bitcoin is virtual, fiat is physical, decentralization/centralization, anyone can have a bitcoin wallet, only adults can have accounts at the banks, and consequently, only adults can deal with money on the internet with fiat payment system sites. Bitcoin makes the world easier to buy, sell and hire services.

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April 20, 2017, 08:07:42 PM
 #1267

I've been using bitcoin since 2014 and i will say that bitcon is more profitable than earning from descent job from office where you can get money bitcoin there are chance that bitcoin can be grow when you are stocking them into your wallet money is you just ready to spend them or put into bank with 1% interest of it in bitcoin you can do activities like trading , gambling , and investmenst.

There are many differences. I agree the bitcoin is much more profitable than fiat. Bitcoin is virtual, fiat is physical, decentralization/centralization, anyone can have a bitcoin wallet, only adults can have accounts at the banks, and consequently, only adults can deal with money on the internet with fiat payment system sites. Bitcoin makes the world easier to buy, sell and hire services.

You are certainly right, but apart from the advantages there are also drawbacks of bitcoin. For example, the risk that the price will fall. And the negative side is the long confirmation of the transactions. When using fiat, there is no such problem
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April 21, 2017, 02:51:41 AM
 #1268

I've been using bitcoin since 2014 and i will say that bitcon is more profitable than earning from descent job from office where you can get money bitcoin there are chance that bitcoin can be grow when you are stocking them into your wallet money is you just ready to spend them or put into bank with 1% interest of it in bitcoin you can do activities like trading , gambling , and investmenst.

There are many differences. I agree the bitcoin is much more profitable than fiat. Bitcoin is virtual, fiat is physical, decentralization/centralization, anyone can have a bitcoin wallet, only adults can have accounts at the banks, and consequently, only adults can deal with money on the internet with fiat payment system sites. Bitcoin makes the world easier to buy, sell and hire services.

You are certainly right, but apart from the advantages there are also drawbacks of bitcoin. For example, the risk that the price will fall. And the negative side is the long confirmation of the transactions. When using fiat, there is no such problem
The price will fall anytime but it will also rise, that is how the market move because bitcoin is not yet stable, thus, this is not good for us as not all people are willing to take bigger risk. Bitcoin is good for investors and traders but for a normal person who just want to work and spend they will need real money and that works perfect for them.

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April 21, 2017, 03:02:28 AM
 #1269

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?

different between bitcoin and real money , i think if bitcoin can use all people in the world without convert to the money's country .. it's very simple Smiley
but i choice both

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April 21, 2017, 03:22:31 AM
 #1270

I've been using bitcoin since 2014 and i will say that bitcon is more profitable than earning from descent job from office where you can get money bitcoin there are chance that bitcoin can be grow when you are stocking them into your wallet money is you just ready to spend them or put into bank with 1% interest of it in bitcoin you can do activities like trading , gambling , and investmenst.

There are many differences. I agree the bitcoin is much more profitable than fiat. Bitcoin is virtual, fiat is physical, decentralization/centralization, anyone can have a bitcoin wallet, only adults can have accounts at the banks, and consequently, only adults can deal with money on the internet with fiat payment system sites. Bitcoin makes the world easier to buy, sell and hire services.

You are certainly right, but apart from the advantages there are also drawbacks of bitcoin. For example, the risk that the price will fall. And the negative side is the long confirmation of the transactions. When using fiat, there is no such problem
Well both have advantage and disadvantage .i think instead of seing its negative side we need to think first its very first advantage that will help us .We can do lessen rhe risk it only depending on the user how you will use it . Although confirmations is too long but the thing is it provides more secure anonymously sending without tracing your location or any identity through big transactions unlike fiat when us e in transaction yes it is fast but if your transaction amount is big it is a big risk not only in your money possible in your life because they know you that you have that kind of amounts.



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April 21, 2017, 03:56:33 AM
 #1271

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.

bitcoin is a digital currency while real money is a paper or fiat money or legal tender.

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April 21, 2017, 06:22:59 AM
 #1272

Bitcoin has a lot of advantages over real money, some of them are Tax-free, Security and Opportunities to earn bitcoin is better that earning money. It's like fiat money is always being controlled by the government or some other powerful people in the economy, unlike bitcoin .

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April 21, 2017, 06:34:10 AM
 #1273

I think bitcoin is better than real money, with bitcoin transactions we can use to more and faster and costs cheaper. In addition, with a great choice bitcoin for investment because the prices always go up, I ever got profit more than 70% only 4 months.

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April 21, 2017, 07:25:30 AM
 #1274

I think bitcoin is better than real money, with bitcoin transactions we can use to more and faster and costs cheaper. In addition, with a great choice bitcoin for investment because the prices always go up, I ever got profit more than 70% only 4 months.

Real money is used in trade for other things where as most of the people use Bitcoin as an investment because users know that the price will increase like you. So we cant compare both of them on the same points.



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.PRE-SALE▬.... Nov 29 2017
.TOKEN SALE. Dec 12 2017

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zulkarnaen
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April 21, 2017, 07:37:46 AM
 #1275

Bitcoin has a lot of advantages over real money, some of them are Tax-free, Security and Opportunities to earn bitcoin is better that earning money. It's like fiat money is always being controlled by the government or some other powerful people in the economy, unlike bitcoin .


I agree with you, bitcoin has many advantages over paper money, but what I worry about is that bitcoin sometime in government control of course this will appear new rules on bitcoin.

azguard
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April 21, 2017, 09:20:21 AM
 #1276

Bitcoin has a lot of advantages over real money, some of them are Tax-free, Security and Opportunities to earn bitcoin is better that earning money. It's like fiat money is always being controlled by the government or some other powerful people in the economy, unlike bitcoin .


I agree with you, bitcoin has many advantages over paper money, but what I worry about is that bitcoin sometime in government control of course this will appear new rules on bitcoin.

Only major concern is that government may have more then just control that is something that can be happening in any time soon.
Real appliance for bitcoin will be achieved in few years from now, I expect to see this happening. Also dont want to see some government influence price that is not good for bitcoin, cuz this most users see this as investment not a paying mean.

For paying we need more time to be achieved and implemented in every day use.



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coinbitte
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April 21, 2017, 09:22:18 AM
 #1277

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?


Most of the time bitcoin can be used as real money just online not for offline.

https://bitcoinprofit.net/agent/coinbitte is growing my BTC by 0.72-1.44% each day, currently Paying
kurokishi10
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April 21, 2017, 04:15:49 PM
 #1278

Money is a term used by economists for something that does three things (which I'll briefly explain in a moment):

A store of value
A medium of exchange
A unit of account

BitCoin meets all three conditions -

You can acquire some and keep them, and they'll still be worth what they used to be (in the same way that a dollar is still worth a dollar, not that it'll still buy what a dollar used to.) That is to say, it's a store of value.
You can buy things with them. Not everyone will accept them, but you're probably going to have better luck finding someone to sell you a laptop for BitCoins than you are for Zim Dollars, despite the fact that Zimbabwe has a government.
You can price things in them, and they are fungible - that's to say that your BitCoin and my BitCoin are worth the same as each other. It's not like trying to trade in, say, oil paintings - people might accept a given Rembrandt for a given Picasso, but no-one would say "you can have my Turner seascape for (any) three Picassos." This makes them a unit of account.


To be a successful type of money you need a lot of people willing to accept them.

Some types of money do this by having one or more governments saying you have to accept them as payment for a debt. (That's subtly different from have to accept them - if you offer me a dollar bill for a Mars Bar, I'm under no obligation to accept your dollar bill... But if I meet you in the street and say "Heh, Jack, what about that dollar you owe me", I'm not allowed to turn down the two 50c coins you offer me.) This property is called "legal tender." BitCoin doesn't have it...

... but in most parts of the world, nor does the US Dollar, nor the Euro, Yuan, Yen, or Swiss Franc.

BitCoin is a type of money less widely accepted than, say, the US dollar, but more widely accepted than, say, the Vatican Lire [1] was in 2001.



[1] Yes, the Vatican used to have its own currency. In 2002, it adopted the Euro, and still mints its own.
OrangeII
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April 21, 2017, 04:23:03 PM
 #1279

May be obvious from its value. Bitcoin prices are always based on genuine money, and it always rises, and falls unstable. While fixed and stable money prices. Very much that distinguishes bitcoin and real money, basically bitcoin is just an investment tool just like gold, but can be used as a medium of exchange.



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karmakeddon
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April 21, 2017, 04:35:38 PM
 #1280

The big difference between fiat and bitcoin is the resources that backs up the value of the said currencies. Fiat is usually backed up by commodities like precious metals. The value of fiat is based on how much the gold reserves of the particular government printing the said currency. Bitcoin on the other hand derives most of its value from fiat. Fiat is the one that gives bitcoins its value. If people does not give a high valuation of bitcoin in fiat, bitcoins price wouldn't be as where it is now.

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