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Author Topic: Difference between Bitcoin and real money?  (Read 114049 times)
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May 05, 2017, 01:45:16 AM
 #1421

Several users has described the major difference that's the virtual usage. It cannot be used same as our fiat currency. It requires some basic understanding for using it as everything is linked to technology and internet. Real money is simple that even an uneducated man can use without difficulty.

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May 05, 2017, 03:45:21 AM
 #1422

Several users has described the major difference that's the virtual usage. It cannot be used same as our fiat currency. It requires some basic understanding for using it as everything is linked to technology and internet. Real money is simple that even an uneducated man can use without difficulty.

I agree, some people will even say bitcoin is illegal because it comes from the deepweb. But for those people that are technology literate, they will always know bitcoin and how it works. People around me don't know anything at all about bitcoin, they just know i earn online and the money i earn were always sent to my bank account.
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May 05, 2017, 04:33:18 AM
 #1423

Several users has described the major difference that's the virtual usage. It cannot be used same as our fiat currency. It requires some basic understanding for using it as everything is linked to technology and internet. Real money is simple that even an uneducated man can use without difficulty.

I agree, some people will even say bitcoin is illegal because it comes from the deepweb. But for those people that are technology literate, they will always know bitcoin and how it works. People around me don't know anything at all about bitcoin, they just know i earn online and the money i earn were always sent to my bank account.
This close minded people just loses their chance to make money with bitcoin, they need to read before they judge, true it's use in deep web but big circulation is not happening their, if they will not adopt we do not have problem with it, we should talk to people who are open minded and go with the change.

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May 05, 2017, 07:29:47 AM
 #1424

I think the difference in real money and bitcoin is the ease, security and speed. bitcoin better everything rather than real money so that users of the bitcoin on the rise.

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May 05, 2017, 07:48:17 AM
 #1425

Several users has described the major difference that's the virtual usage. It cannot be used same as our fiat currency. It requires some basic understanding for using it as everything is linked to technology and internet. Real money is simple that even an uneducated man can use without difficulty.

I agree, some people will even say bitcoin is illegal because it comes from the deepweb. But for those people that are technology literate, they will always know bitcoin and how it works. People around me don't know anything at all about bitcoin, they just know i earn online and the money i earn were always sent to my bank account.
This close minded people just loses their chance to make money with bitcoin, they need to read before they judge, true it's use in deep web but big circulation is not happening their, if they will not adopt we do not have problem with it, we should talk to people who are open minded and go with the change.
Digital currency is the future of money and if some people are still skeptical about its advantages, it is their loss and somebody else's gain. The early adopters are lucky enough to benefit from what bitcoin can give them and the ones who will regret not getting onboard are those who think bitcoin is used only for criminal activities and there are and those who believe that some risks involved with holding and owning these types of digital currencies.
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May 05, 2017, 07:52:05 AM
 #1426

I think the difference in real money and bitcoin is the ease, security and speed. bitcoin better everything rather than real money so that users of the bitcoin on the rise.

Safety and speed now is more suitable just for real money. Because there is a possibility that bitcoin wallet can crack, and the speed of operations is too long.
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May 05, 2017, 07:54:42 AM
 #1427

Several users has described the major difference that's the virtual usage. It cannot be used same as our fiat currency. It requires some basic understanding for using it as everything is linked to technology and internet. Real money is simple that even an uneducated man can use without difficulty.

I agree, some people will even say bitcoin is illegal because it comes from the deepweb. But for those people that are technology literate, they will always know bitcoin and how it works. People around me don't know anything at all about bitcoin, they just know i earn online and the money i earn were always sent to my bank account.

And they would just stop their research there and forever believe that bitcoin is illegal. They'll think that the reason why you are earning good amount of money because you're doing some shady activities on the Internet. People will look at you and think of you as someone who has some weird job that can only be done online.

But, we don't really need those people. Stop enlightening this type of people. Let them believe what they are already believing because after you explained everything about bitcoin, they will still think that it's illegal. They only hear what they want to hear. And if you explain bitcoins to them, they'd just think you're being defensive.

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May 05, 2017, 07:57:33 AM
 #1428

In Bitcoin network, people control money.
not the gov, not the corporate, not the rotschild, not the central bank ... only people.

Yeah, and we all know their names

First of all bitcoin is anonymous and cash not, when you want to cash out your bitcoin you have to pay some fee to do that, that's not happening with real money, and also you can use your bitcoin where you are but you'll have exchange your money with the currency there is where you are.

How's that?

How's that cash is not anonymous? Do bills and coins remember and report the fingerprints of those using them to some special agency which then looks up who used a specific bill or coin and whether it was a legit transaction? But that's what Bitcoin essentially does, though the "fingerprints" of what everyone has been doing with their coins are in fact public for everyone else to see and written on the blockchain like carved in stone, for ages to come
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May 05, 2017, 11:22:27 AM
 #1429

I think the difference in real money and bitcoin is the ease, security and speed. bitcoin better everything rather than real money so that users of the bitcoin on the rise.

Safety and speed now is more suitable just for real money. Because there is a possibility that bitcoin wallet can crack, and the speed of operations is too long.
Yeah there is possibility for bitcoin wallets to be cracked but there is a lot of wallets to choose from like the hardware wallet which is virus and malware proof. You can easily buy a few of them to try what is the best for you and for sure your gonna love the hardware wallets because of the high security, but as other says, it is still up to the owner of the wallet if he will have a very careful management for his wallet or not.

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May 05, 2017, 11:35:56 AM
 #1430

Several users has described the major difference that's the virtual usage. It cannot be used same as our fiat currency. It requires some basic understanding for using it as everything is linked to technology and internet. Real money is simple that even an uneducated man can use without difficulty.

I agree, some people will even say bitcoin is illegal because it comes from the deepweb. But for those people that are technology literate, they will always know bitcoin and how it works. People around me don't know anything at all about bitcoin, they just know i earn online and the money i earn were always sent to my bank account.

Not just illegal some countries have ban it for good and who used it will be punished by law, and they are cases where some countries are want to develop there own crypto coin which is very good. Still differences are and it will be for both fiat and crypto in future.



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May 05, 2017, 12:40:48 PM
 #1431

Several users has described the major difference that's the virtual usage. It cannot be used same as our fiat currency. It requires some basic understanding for using it as everything is linked to technology and internet. Real money is simple that even an uneducated man can use without difficulty.

I agree, some people will even say bitcoin is illegal because it comes from the deepweb. But for those people that are technology literate, they will always know bitcoin and how it works. People around me don't know anything at all about bitcoin, they just know i earn online and the money i earn were always sent to my bank account.

Not just illegal some countries have ban it for good and who used it will be punished by law, and they are cases where some countries are want to develop there own crypto coin which is very good. Still differences are and it will be for both fiat and crypto in future.
Well for me the first impression of Bitcoin being a deepweb money and a currency of criminals is now over. Because all the people I ask about what they know about Bitcoin they said it is a good investment in which they are correct about it. No wonder why they have change their impression about that because the price of Bitcoin right now is above 1600$ which is huge for a currency.

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May 05, 2017, 03:51:37 PM
 #1432

Several users has described the major difference that's the virtual usage. It cannot be used same as our fiat currency. It requires some basic understanding for using it as everything is linked to technology and internet. Real money is simple that even an uneducated man can use without difficulty.

I agree, some people will even say bitcoin is illegal because it comes from the deepweb. But for those people that are technology literate, they will always know bitcoin and how it works. People around me don't know anything at all about bitcoin, they just know i earn online and the money i earn were always sent to my bank account.

Not just illegal some countries have ban it for good and who used it will be punished by law, and they are cases where some countries are want to develop there own crypto coin which is very good. Still differences are and it will be for both fiat and crypto in future.
Well for me the first impression of Bitcoin being a deepweb money and a currency of criminals is now over. Because all the people I ask about what they know about Bitcoin they said it is a good investment in which they are correct about it. No wonder why they have change their impression about that because the price of Bitcoin right now is above 1600$ which is huge for a currency.
How to change today you better get Bitcoin or earn Java and invest would be more profitable a little earlier or last year. Today's price for Bitcoin is really very pleasing and it's clear that for the Bitcoin holder it's like a holiday.
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May 05, 2017, 05:02:53 PM
 #1433

Difference between Bitcoin and real money is bitcoin exchange rate can be influenced by sentiments big investors or news from an institution.

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Bitmedrano040117
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May 05, 2017, 05:31:06 PM
 #1434

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?
- Because bitcoin has volatility that can increase the value at any moment while money can't do.

why would I convert money into Bitcoins?
- It is simply because bitcoin its not just a virtual currency but also a kind of investment which can give you profit.

What's the difference between Bitcoins and dollars?
- There differences was Bitcoin is decentralize, and has volatility aggressiveness sometimes in the exchange market. While Dollars was centralized and being controlled by the government which is connected into a regulated industry and has taxes compared to Bitcoin no tax at all. Wink


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May 05, 2017, 07:05:57 PM
 #1435

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?
- Because bitcoin has volatility that can increase the value at any moment while money can't do.

why would I convert money into Bitcoins?
- It is simply because bitcoin its not just a virtual currency but also a kind of investment which can give you profit.

What's the difference between Bitcoins and dollars?
- There differences was Bitcoin is decentralize, and has volatility aggressiveness sometimes in the exchange market. While Dollars was centralized and being controlled by the government which is connected into a regulated industry and has taxes compared to Bitcoin no tax at all. Wink

Currency is all about trust and users' perception of it. Looking back in history people didn't really trust paper checks and paper money which was introduced later on. At first fiat money was gold-backed but abolished later on. Bitcoin monetary system still needs to improve its stability mainly with market capitalisation increase. This should make it more trust-worthy and widely accepted. In the meantime BTC will be a highly profitable currency due to its price volatility.
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May 05, 2017, 07:46:25 PM
 #1436

The difference bitcoin and real money is that you only can use bitcoin on internet and real money can't use on internet.

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May 05, 2017, 10:13:32 PM
 #1437

The difference bitcoin and real money is that you only can use bitcoin on internet and real money can't use on internet.
This is the main difference between bitcoin as a cryptocurrency and real money. But also we can use money in the internet too to pay some bills or anything else. So there is a relations between them because they are currencies in origin. But when we talk about others difference we can talk about the price as first thing and many other things

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May 05, 2017, 10:22:57 PM
 #1438

The difference bitcoin and real money is that you only can use bitcoin on internet and real money can't use on internet.

I'm sorry but real money can be used in the internet. If you are using PayPal's service and other payment method like that one.

You are using real money there and you are going to cash it out through your bank account, there's different on bitcoin and real money.

If you are going to distinguish them for using them with transactions that are happening through internet.

They are both usable here.

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May 05, 2017, 10:28:24 PM
 #1439

There is not much of a difference between real money and Bitcoin. Since money is mainly a term that is used by the people in the IMF most people have forgotten what money actually means. I am pretty sure that Gold is really money and in that view Bitcoin is nothing like Gold because Gold is a valuable item.
Currency is just a made up thing that brainwashes the civilians into thinking that they have the power to do whatever it is that they want because they have more of a certain item. Bitcoin is kind of the same as Currency.

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May 05, 2017, 11:35:07 PM
 #1440

There is not much of a difference between real money and Bitcoin. Since money is mainly a term that is used by the people in the IMF most people have forgotten what money actually means. I am pretty sure that Gold is really money and in that view Bitcoin is nothing like Gold because Gold is a valuable item.
Currency is just a made up thing that brainwashes the civilians into thinking that they have the power to do whatever it is that they want because they have more of a certain item. Bitcoin is kind of the same as Currency.

I agree to you bro, every single thing that has value can be consider money for me, because you can exchange it with another valuable thing plus it is simply trading when you are doing the exchanges. It is just Bitcoin is not tangible compare to a real money.
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