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Author Topic: Difference between Bitcoin and real money?  (Read 110558 times)
Osarman
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May 18, 2017, 04:14:03 PM
 #1481

Bitcoin:
Spending is not easy(need some time)
Tracing not possible

Real money:
Spending is easy
Tracing possible
i think spending bitcoin for online transaction is much more easy because we can buy anything with bitcoin at our home from online website and we do not need to get out from home to buy something and there is a lot of website are accepting bitcoin and its very good to buy something from anywhere and we can safe and secure our money in bitcoin because bitcoin is much more secure than bank.

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May 18, 2017, 04:23:34 PM
 #1482

Bitcoin:
Spending is not easy(need some time)
Tracing not possible

Real money:
Spending is easy
Tracing possible
i think spending bitcoin for online transaction is much more easy because there is a lot of website are accepting bitcoin and its very good to buy something from anywhere and we can safe and secure our money in bitcoin because bitcoin is much more secure than bank.
I think what he meant about needing some "time" is the time in taking the transactions for it to confirm. Also if you think Bitcoin is better for online transactions think again as if you are not remembering credit cards and debit cards are the most widely use payment options around the web as they are the ones who provide fast and reliable transactions. Before you compare Bitcoin to Fiat you must have a solid claim as still the last time I look cash is king.

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May 18, 2017, 06:21:34 PM
 #1483

difference bitcoin has advantages in terms of its value increasingly rising,in contrast to real money drop price bitcoin more desirable because stable prices but bitcoin has a great risk of losing rather than real money dependent people who have a need bitcoin or real money,choose a digital money or real money is the same because all for payment transactions.

                                 Bitcoin                                                   Real Money
               
                     1.    Online payment                                   1. Being used for public businesses
                     2.    Decentralized                                      2. Centralized-controlled by the goverment
                     3.    Very Secured                                      3.  Not safe, can be steal at any moment by the bad guy
                     4.    It can be trade in the exchange            4.  Non-tradeable

You seem to have spent plenty of time formatting your post

I guess you should have spent that time reading more about what "real money" is. I don't know what you mean by "public businesses" (it seems that you refer to public sector here), but fiat is no less tradable than Bitcoin. You may have heard about Forex, but Forex is certainly not the only place (if it had a place) where currencies are traded. There are quite a few currency derivatives markets which consist of exchanges that trade currency futures and options as well as a host of other currency derivatives (like currency swaps) with which I'm not very familiar myself

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May 18, 2017, 06:49:40 PM
 #1484

"Real money"? lol. The biggest difference is that bitcoin will be around a lot longer than fiat if that is what you are referring to and that is a huge difference.

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May 18, 2017, 07:16:37 PM
 #1485

honestly there aren't any difference at all but the society is making it difficult to their stability and their accessibility to keep the balance. its true that they are the greatest issues in todays generation and everyone is talking about them as everyone wants other stuffs with these. we made the money for ourselves and now we are forgetting its real existence and why it can actually is made for. bitcoin is far better than real money in every sense. they are more user friendly , more secure, more transparent ,more cool and easily adoptable for anyone. to steel bitcoins hackers have to work even harder


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May 18, 2017, 08:33:13 PM
 #1486

"Real money"? lol. The biggest difference is that bitcoin will be around a lot longer than fiat if that is what you are referring to and that is a huge difference.
I also thinking the same that after the coming of bitcoin fiat will not remain in use for longer time. I have doubt that a time will come when bitcoin will replace fiat and then people will call the fiat as the money of older age and will call bitcoin as the currency of the modern age. That difference is currently not obvious to most of the people but with time people will notice the same thing as we are thinking.

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May 18, 2017, 09:00:29 PM
 #1487

"Real money"? lol. The biggest difference is that bitcoin will be around a lot longer than fiat if that is what you are referring to and that is a huge difference.

We are in the new generation and everything is becoming digital. I believe that it will be the difference of bitcoin, people will choose bitcoin or any crypto currency for transacting. Especially for those online shoppers that loves to shop online. It's the difference of shopping online with real money because you will be charged higher.

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May 18, 2017, 10:46:46 PM
 #1488

The real difference between Bitcoin and real money is that real money is known and listed from the IMF. Bitcoin is not real money, people like to treat it as the next Currency of the world though majority of them don’t know why Bitcoin would be placed within that rank if you’d ask them.
Bitcoin is not secure, Bitcoin address could get hacked if the right people know what to do. It’s only a matter of time till a bunch of people start waking up to that fact.

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May 18, 2017, 11:17:52 PM
 #1489

"Real money"? lol. The biggest difference is that bitcoin will be around a lot longer than fiat if that is what you are referring to and that is a huge difference.

We are in the new generation and everything is becoming digital. I believe that it will be the difference of bitcoin, people will choose bitcoin or any crypto currency for transacting. Especially for those online shoppers that loves to shop online. It's the difference of shopping online with real money because you will be charged higher.

one of my favorite subjects -

Historically, fiat currency lasts about 100 years. Ours is 102. Will it be different this time?

https://dailyreckoning.com/fiat-currency/

http://www.kwaves.com/fiat.htm

https://www.theburningplatform.com/2015/11/05/question-of-the-day-nov-5/

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May 20, 2017, 12:01:52 AM
 #1490

Bitcoin:
Spending is not easy(need some time)
Tracing not possible

Real money:
Spending is easy
Tracing possible
I think starting many merchants are receiving payment with bitcoin. Although it is still difficult to do shopping. But I'm sure in the future bitcoin will be used like using real money

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May 20, 2017, 01:27:29 AM
 #1491

The real difference between Bitcoin and real money is that real money is known and listed from the IMF. Bitcoin is not real money, people like to treat it as the next Currency of the world though majority of them don’t know why Bitcoin would be placed within that rank if you’d ask them.
Bitcoin is not secure, Bitcoin address could get hacked if the right people know what to do. It’s only a matter of time till a bunch of people start waking up to that fact.

This is cryptography. People knows what to do to crack the private keys using the addresses. But, can they possibly do it? You can save all the addresses together with their private keys in a text file but even if you make a hard drive as big as our planet, the addresses and the private keys won't fit on that file. Remember that the essence of bitcoin is that it's impossible to crack these stuffs. These are all just Mathematical stuffs and people already know it. That's why they made it impossible to crack. It will take millions of years and an unbelievable amount of storage.

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May 20, 2017, 03:57:06 AM
 #1492

its simple, real money usually we use our daily transaction but bitcoin can't, real money already gained huge acceptability and credibility on the other hand bitcoin have to go more way to earn such type of criteria.
but in future, bitcoin will become one of the popular forms of money both in the real and the virtual world.
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May 20, 2017, 04:48:49 AM
 #1493

its simple, real money usually we use our daily transaction but bitcoin can't, real money already gained huge acceptability and credibility on the other hand bitcoin have to go more way to earn such type of criteria.
but in future, bitcoin will become one of the popular forms of money both in the real and the virtual world.

Real money can instantly use and need to have a everytime in our wallet or in atm to be used but money will not grow in its own without working,while bitcoin can grow on its own.

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May 20, 2017, 06:01:34 AM
 #1494

Stocking your money inside your wallet for a long time cannot increase its value. But if you stock your bitcoin you can earn because its value is getting high.

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May 20, 2017, 06:25:51 AM
 #1495

There are many difference between bitcoin and money. Bitcoin you can use only online. You cannot buy anythings in local market with  bitcoin  But you buy anything  in local market with money. Bitcoin are limited but money is unlimited. Government has strictly rule about money . and government not control bitcoin like money.

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May 20, 2017, 06:29:44 AM
 #1496

You can turn dollar into BTC and BTC to dollar, well what varies from them is you can do whatever you like with your Bitcoin. The great thing is you can have interests so you can earn money, not just for businesses. Bitcoin's price is growing great everyday and its good to have it early while it's still reasonable.
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May 20, 2017, 06:38:10 AM
 #1497

its simple, real money usually we use our daily transaction but bitcoin can't, real money already gained huge acceptability and credibility on the other hand bitcoin have to go more way to earn such type of criteria.
but in future, bitcoin will become one of the popular forms of money both in the real and the virtual world.

Real money can instantly use and need to have a everytime in our wallet or in atm to be used but money will not grow in its own without working,while bitcoin can grow on its own.
I just feel good this one feature of bitcoin that its growing on it's own. Since starting the journey of Bitcoin never backward always forward movement History like says that. Each one has particular uses but to buy something local market always priority real money. While talking about stocks or invest than most priority given on Bitcoin.

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May 20, 2017, 06:46:01 AM
 #1498

in my opinion
i think that the difference not only at the digital funds and physic money
cause real money will never ever and ever change the number of amounts like example 1 $ it still counting as 1 $ its different with bitcoin which usually change according by the time as u see in every time there might a change of the price for 1 bitcoin
and another of that real money already accept by the local people it might the local people whose dont know about bitcoin will not accept as the trading things
thank you

Lets put it this way,no government will approve bitcoin to be used in their economy but the local business can accept bitcoin and if there are many people wanting to spend through bitcoin then it is a different story
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May 20, 2017, 06:49:00 AM
 #1499

The difference between Bitcoin and real money is that, Bitcoin is a digital online currency and real money is used in real life, Bitcoin value can increase and decrease without limit but in real money their is a limit of fluctuation and it is controlled by government.














 

 

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May 20, 2017, 07:02:35 AM
 #1500

As already said Bitcoin is digital. In our world things changes rapidly. Even now many large companies(Amazon, Tesla Motors, Zappos) allow you to pay with Bitcoin. It seems to me that BTC might be widely spread as an online payment currency very soon.
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