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Author Topic: Difference between Bitcoin and real money?  (Read 110683 times)
azguard
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August 15, 2017, 06:43:33 PM
 #1561

The difference between bitcoin and real money is that bitcoin is a money used in internet while real money is something we use physically and we do not need any third party to use it as a payment.

Both are real currency I believe, the difference is that Bitcoin is decentralized and fiat/local currency is centralized. What do you mean by the 3rd party you mentioned? If you you are talking about wallets for Bitcoins, I might remind you we also have to use banks and its services and promissory note etc to do high amount exchange/transaction.

Also I want to add in their difference, Bitcoin is quite slow and costly than fiats/local money. But I believe this differences will someday diminish.

Both are real currencies but one should accept by all over the world, and one is still introducing to this world. The demand for the new currency is increased, so the value is high, but the real currency had enough supply, so the value is less. One is legal, and another one is illegal these are the difference b/w Bitcoin and real money.

Dont remember that bitcoin is illegal. There are some countries that are ban it and called it illegal for use, that percentage is small. Bitcoin is becoming legalization starting from Japan so i dont see wwhy did you call bitcoin illegal when its not. Its perfectly legal is some countries.



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August 15, 2017, 07:55:16 PM
 #1562

There is no different between them bitcoin is real money reserve for now on many ride the train to convert stable asset to unpredictable market .
no. They are different. Bitcoin is different from real money. Real money is made from wood and they are paper. Bitcoin is based on the computer and it works on the internet and the cyber network. Bitcoin is definitely faster than paper money

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August 15, 2017, 09:24:20 PM
 #1563

For me the main difference is lack of government control. Just think about it. No one can exercise any control over your funds.
And this is what I like, wait everyone like about bitcoin, because when government does not involve in the funds which we get from bitcoin then we are safe from government tax and our profit is lot more then we think, so I wish this difference between real money and bitcoin will always be there so that everyone earn more as he invest.

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August 15, 2017, 10:11:22 PM
 #1564

Only one difference that really bothers me this is that I can not use crypto currency in normal life. Neither stores nor cafes take bitcoin. I exchange it for local currency and only then I can pay. All other differences do not bother me. I like bitcoin much more than any other currency and real money.






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August 15, 2017, 10:21:25 PM
 #1565

The fundamental contrast is that Bitcoin is decentralized, and can be effortlessly put away and sent over the web. You can send fiat cash utilizing managing an account frameworks, however, the cost for such administrations is substantially higher, likewise, they are unified. Roll Eyes

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August 15, 2017, 10:43:37 PM
 #1566

There is really a big difference. Real money or fiat sometime requires taxes. While in bitcoin you are free. Since fiat is under the control of the government, you cannot get them whole salary of your job. When it comes to investment, it ia very easy to double the price of your investmentnin bitcoin by just holding it. While in fiat you will not get anything if yoi hold it. You have to put it in a bank in order to profit.

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August 15, 2017, 10:44:02 PM
 #1567

There is no different between them bitcoin is real money reserve for now on many ride the train to convert stable asset to unpredictable market .
i think a big different is there between bitcoin and real money. in fact bitcoin is a digital currency where as fiat is the main physical currency that we use of fulfilling our needs. currency fiat is more domanant on bitcoin because people are using it but in future we can expect that the users of bitcoin will increase too much.
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August 15, 2017, 11:32:17 PM
 #1568

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. As bitcoins is a digital currency, we can only shop or do anything only online. We can shop around and do more things online. But with other local currencies, we can do more / lot where we live.
It is true that fiat or money and Bitcoin are both currency which have value in their specific role. But Bitcoin is more aligned to the technology where its price is quite vulnerable to development that may lead to growth on its price. And having an ability to develop and to increase its price gives people a chance to earn and to make profit out of their Bitcoin so I also consider Bitcoin as a better form of money if you are going to compare it to fiat.

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August 15, 2017, 11:42:59 PM
 #1569

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?

There is a great reason why bitcoin is much better than cash it is because bitcoin will be the next currency in the future. Bitcoin are growing and increasing everyday that bank can't do even they double the interest. Bitcoin has a greater value and it is good for the long-term investment. Money is going to replaced soon.

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August 16, 2017, 12:20:47 AM
 #1570

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?

There is a great reason why bitcoin is much better than cash it is because bitcoin will be the next currency in the future. Bitcoin are growing and increasing everyday that bank can't do even they double the interest. Bitcoin has a greater value and it is good for the long-term investment. Money is going to replaced soon.
Don't compare your earning in bank and in bitcoin because bank is not basically gonna give our money a big return because we are
just saving and we are not investing. It can only happen with bitcoin since we can invest on it and we have seen how big the price pump.
This year alone we have great achievements already and even if the price will dump 50% still a good year for all of us.

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August 16, 2017, 08:52:06 PM
 #1571

You have raised legitimate questions and I may not be able to provide legitimate answers but I’ll try my best. You may already have read the pros and cons of Bitcoin, its history, and some of the stories of people who have used and is using it. It started almost a decade ago but it cannot be denied that it’s still somewhat in its infancy and has issues more complicated than changing diapers. Why would you convert into Bitcoin when governments demands and requires $ as payment? Why would you convert to Bitcoin when most places are still more convenient with cash? I can only answer is because it has potential. It has potential to exist side by side with fiat, equally or more. It has potential to be convenient like the cash we carry in our pockets. No need to convert or invest all your money on Bitcoin but you have to see that Bitcoin has potential to be the Next Big Thing. It has a place in our future and might play a big role in the coming years on how we view and use currency.

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August 16, 2017, 09:44:43 PM
 #1572

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?

The difference between Bitcoin and fiat is that, Bitcoin is decentralized. It means rhat you can use it without the involvement of third parties such as banks. Actually, it is just an option to invest in Bitcoin  and to convert your money into Bitcoin. It is just because of the advantages that Bitcoin has which is less charges and can give you more income because its value increases from time to time unlike fiat or dollars.

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August 16, 2017, 10:19:38 PM
 #1573

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?


There are so many difference between bitcoin and a real money. Our money is controlled by the government while the bitcoin it is not centralized or not controlled by the government. Bitcoin is controlled by the users and run by them. Bitcoin is a digital money, we use bitcoin wallet as we store to them our bitcoins while money we save it through banks. Bitcoin lessen the fees in the transaction of withdrawal while the money there are many process and the fee is very expensive, sometimes your money will gone if your bank account has 0 value.


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August 16, 2017, 11:23:44 PM
 #1574

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?


There are so many difference between bitcoin and a real money. Our money is controlled by the government while the bitcoin it is not centralized or not controlled by the government. Bitcoin is controlled by the users and run by them. Bitcoin is a digital money, we use bitcoin wallet as we store to them our bitcoins while money we save it through banks. Bitcoin lessen the fees in the transaction of withdrawal while the money there are many process and the fee is very expensive, sometimes your money will gone if your bank account has 0 value.
thats right, i think the fundamental difference from real money and bitcoin is of its nature, if real money is centralized where everything is controlled by the government, there are rules and restrictions that you must follow in real money, whereas bitcoin can be said more freely than real money, because it has the nature of decentralization and there are no rules and restrictions in it

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August 17, 2017, 01:04:52 AM
 #1575

The two are both currency but they differ in many ways but I only state a few. Bitcoin is decentralized, which means that no one is controlling bitcoin. Bitcoin has anonymous transactions, which means you are anonymous when you send bitcoins around the globe. Bitcoin is safer, since real money could be steal directly on your pocket by a thief or bank accounts by the one who controls your money.

..C..
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August 17, 2017, 01:14:10 AM
 #1576

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?

The difference between Bitcoin and fiat is that, Bitcoin is decentralized. It means rhat you can use it without the involvement of third parties such as banks. Actually, it is just an option to invest in Bitcoin  and to convert your money into Bitcoin. It is just because of the advantages that Bitcoin has which is less charges and can give you more income because its value increases from time to time unlike fiat or dollars.
Yeah, bitcoin is decentralized. This is one among the reason that makes the bitcoin to be more successful than other investments. Real money always be under the control of the governments. Other than this bitcoin has got only the virtual appearance whereas real money gives a physical value and form.

Shamie1002
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August 17, 2017, 01:19:40 AM
 #1577

Both currency,
Difference are:
Bitcoin- decrntralized, no third parties in transaction ( banks ), digital currency, directly convertible into other currencies, used in trading, accessible and manipulated by owner/users, anonymous, prices inflation and pump.
Real money- banking system in transactions and in converting into other currencies, profitables are predictable, slow transactions, prices are stable.

There are probably more.
basyang
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August 17, 2017, 03:15:11 AM
 #1578

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.


   I agree with your opinion, your right it is hard to know how much real money they printed in a year and bitcoin also is hard to predict because every time, every minute and every second bitcoin value changed. In my opinion, The different between real money and bitcoin is bitcoin is a digital currency that can be used to trade online, gamble online and buying online while real money is a physical money that can used for buying things in real world. 

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August 17, 2017, 03:41:54 AM
 #1579

The two are both currency but they differ in many ways but I only state a few. Bitcoin is decentralized, which means that no one is controlling bitcoin. Bitcoin has anonymous transactions, which means you are anonymous when you send bitcoins around the globe. Bitcoin is safer, since real money could be steal directly on your pocket by a thief or bank accounts by the one who controls your money.

That right, Bitcoin is safer than the original currency even if the original money will be taken away by someone else.
But whether bitcoin can actually be stolen by irresponsible people like hackers?

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August 17, 2017, 04:04:41 AM
 #1580

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.


   I agree with your opinion, your right it is hard to know how much real money they printed in a year and bitcoin also is hard to predict because every time, every minute and every second bitcoin value changed. In my opinion, The different between real money and bitcoin is bitcoin is a digital currency that can be used to trade online, gamble online and buying online while real money is a physical money that can used for buying things in real world. 

I partly agree with you as well. In real world? of course. We are in real world even if we are using bitcoin,still we are on the same planet. As for me the difference between bitcoin and a real money is that the way on how it is use and the transaction method. Unlike real money, we bring it in our bag or inside the wallet from time to time thus,it's typically inconvenient at times because we carry loads of coins every time there are changes from our bills. But in bitcoin since it is a digital currency, we just use our phone and it's hassle free,simple and fast and there are variations when we buy something or we send out money through our phone. So it's amazing and time constraint at the same time.

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