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Author Topic: Difference between Bitcoin and real money?  (Read 110669 times)
LordCoder
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November 06, 2016, 06:19:22 PM
 #161

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?

Because you might want to purchase things pseudo-anonymously, at least without giving all your details which would happen with PayPal. Or maybe use it as an investment.
It's better for the seller to accept Bitcoin, but at the same time more risky for the buyer. There's no chargeback risk*.

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?

Same as above.

If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?

Because it's easier to deposit Bitcoins. It can get freezed, you can only get scammed.

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 technical differences. But all-in-all it's money.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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November 06, 2016, 06:31:55 PM
 #162

what is real money  Smiley the only thing i could see at the moment is that bitcoin is a high volatile digital currency which has real implications and usage and take a look at the value to understand the difference between the two
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November 06, 2016, 06:39:21 PM
 #163

i can touch a real money but i cant touch a bitcoin well thats says a lot money is nothing more than a idea which nowdays has created an imagnary value mesuring system but the orignal concept was still from theold days.but btc ia an developed way completly diffrent way to use it

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November 06, 2016, 07:04:25 PM
 #164

what is real money  Smiley the only thing i could see at the moment is that bitcoin is a high volatile digital currency which has real implications and usage and take a look at the value to understand the difference between the two
by value if youmean the price of both of them then it is not a thing to differentiate both of them but it is the uses of both of them which differentiate both of these currencies from each other and with that uses people start to adopt one of them.

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November 07, 2016, 01:36:12 AM
 #165

what is real money  Smiley the only thing i could see at the moment is that bitcoin is a high volatile digital currency which has real implications and usage and take a look at the value to understand the difference between the two
by value if youmean the price of both of them then it is not a thing to differentiate both of them but it is the uses of both of them which differentiate both of these currencies from each other and with that uses people start to adopt one of them.
Adaptation is what i meant in a digital era where we live we need to have a digital currency which has no links to the fiat system and governance since fiat and economy will be controlled by a very few people and people cannot trust other forms of investment blindfolded as we have seen during the meltdown and so is the reason people are interested and investing in digital currency rather than government controlled economy
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November 07, 2016, 01:41:06 AM
 #166

i can touch a real money but i cant touch a bitcoin well thats says a lot money is nothing more than a idea which nowdays has created an imagnary value mesuring system but the orignal concept was still from theold days.but btc ia an developed way completly diffrent way to use it

You may be seeing the physical difference between BTC and real money like BTC you can touch and have a feel. But if you really want have that feel then you can just convert you BTC to real money then you will feel the same. You just need to pay small conversion charges for that feel. As per me both are real money because I can use BTC in real life as a currency.

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November 07, 2016, 04:04:21 AM
 #167

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?

Because you might want to purchase things pseudo-anonymously, at least without giving all your details which would happen with PayPal. Or maybe use it as an investment.
It's better for the seller to accept Bitcoin, but at the same time more risky for the buyer. There's no chargeback risk*.

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?

Same as above.

If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?

Because it's easier to deposit Bitcoins. It can get freezed, you can only get scammed.

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 technical differences. But all-in-all it's money.
nothing is technical in money, the only difference is that bitcoin is digital currency and is a universal currency, while fiat money is regional and different countries have their own currency and one country currency is not applicable in the other country.
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November 07, 2016, 04:54:46 AM
 #168

i can touch a real money but i cant touch a bitcoin well thats says a lot money is nothing more than a idea which nowdays has created an imagnary value mesuring system but the orignal concept was still from theold days.but btc ia an developed way completly diffrent way to use it

You may be seeing the physical difference between BTC and real money like BTC you can touch and have a feel. But if you really want have that feel then you can just convert you BTC to real money then you will feel the same. You just need to pay small conversion charges for that feel. As per me both are real money because I can use BTC in real life as a currency.
well that's right btc build as a currency and its uses most currency ways too unlike paypal and other types of internet transaction btc serve as good as cash its only have some limitations but its more advance in case you are dealing with system real money or currency limited a always to its country but btc if theres a system available you can use it right away.

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November 07, 2016, 05:02:43 AM
 #169

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?

Bitcoin and dollar are international currency but dollar more famous at all, why people buy bitcoin? Because it consider as good investment due to bitcoin price that could extremely increase in short time and you get profits to convert it into dollar. Gambling using bitcoin are easier because it has fast transaction, anonymous, less capital and many advantages. In the end, not matter you use bitcoin or dollar, it back to your choice.

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November 07, 2016, 05:39:42 AM
 #170

You must understand that real money isn't fiat currency. Real money is only a concept. Right now there is nothing in the world that is real money. Fiat currency is just pieces of paper that are worth nothing by nature.

The main difference between bitcoin and fiat currencies however, is that bitcoin is decentralized and semi-anonymous, while fiat is controlled by the government and the banks are not anonymous at all.(however cash is)
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November 07, 2016, 05:45:02 AM
 #171

i can touch a real money but i cant touch a bitcoin well thats says a lot money is nothing more than a idea which nowdays has created an imagnary value mesuring system but the orignal concept was still from theold days.but btc ia an developed way completly diffrent way to use it

That is the difference of between bitcoin and real money. Bitcoin is digital and cannot be seen by our naked eye. Only the details, transactions and amount but physically there is no appearance for it. And real money is popular as we know and it can be touched used for different transactions and this is what people are relying to use.



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November 07, 2016, 05:48:36 AM
 #172

i can touch a real money but i cant touch a bitcoin well thats says a lot money is nothing more than a idea which nowdays has created an imagnary value mesuring system but the orignal concept was still from theold days.but btc ia an developed way completly diffrent way to use it

That is the difference of between bitcoin and real money. Bitcoin is digital and cannot be seen by our naked eye. Only the details, transactions and amount but physically there is no appearance for it. And real money is popular as we know and it can be touched used for different transactions and this is what people are relying to use.
This is the basic difference of that two different currency but even there has a difference both was a good to have in our life both are money that we can spend anywhere we do not need take advantage on the both positive side of each currency to make us rich in the future.

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November 07, 2016, 06:11:31 AM
 #173

Well, bitcoin can be said to be real money. If the definition for real money is something that carries real value, then bitcoin does carry real value. In fact, bitcoin's purchasing power has been constantly going up over the past weeks.

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November 07, 2016, 01:18:21 PM
 #174

ACC TO ME
-BOTH ARE CURRENCIES BUT THERE ARE PROBLEMS ALSO
-WITH BITCOINS YOU CAN ONLY SHOP ONLINE AND DO WHATEVER STUFF ONLINE
-WITH DOLLARS WHICH IS NORMAL CURRENCY U CAN ONLY DO EVERYTHING IN THE LOCAL MARKETS

WELL WELL WELL...INTERESTING FACT
-IN THE UPCOMNG  FUTURE U CAN DO ANYTHING WITH BITCOINS IN THE LOCAL MARKET..

KUDOOS Smiley

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November 07, 2016, 04:22:19 PM
 #175

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?


Exactly how much time thinking did you spend before asking this question ? You sound like a child to me. Real money ? Please explain to me what real money is ? I have never heard of this term before ? Are you saying bitcoins are not real and do not exist ?

Why do you use a bank ? Why pay for things digitally ? Is it because it is easier ? Well bitcoin is the same.

Please think before asking stupid questions.



                                                                                                                                                 
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November 07, 2016, 04:24:10 PM
 #176

well bitcoin is real money converted into online currency. Imagine before you buy a game at steam you would need to exchange your money first to something they use like points. It is just the same as that. Only at bitcoin there are some other options that you could do and you are invested with a moving currency.

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November 07, 2016, 08:00:26 PM
 #177

lot of difference between bitcoin and real money because. bitcoin is decentralized and real money is centralised, no one can take money from our wallet.
bitcoin is not printed like paper currency but it is stored in computer electronically.
Yeah that is a major difference and that is the reason the government of some countries hate bitcoins.
They believe that introduction and fluent use of something like bitcoins will affect their income as they won't be able to charge offensive and useless charges from innocent population.

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November 07, 2016, 08:55:29 PM
 #178

Bitcoin has become a commodity, not just monetary unit. Basically buy or invest in only because bitcoin to benefit in the future. At least, that I do, and it seems to me the best way to implement a bitcoin.

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November 08, 2016, 05:09:16 AM
 #179

That’s good piece of questions, I believe that bitcoin is different than fiat in much broader sense. You can transact with bitcoins without actually revealing your identity and that is not possible when you transact with fiat currencies. Alternatively you will have limits (which might vary depending on websites) for the transactions in fiat but most of sites having bitcoin as a payment option, doesn’t have limits so you can transact as much as your capacity.

I am totally agree with you , bitcoin have featured in transactions that can use for anonymously by everyone.
The identity of bitcoin user is secured if we compared it with fiat. Fiat should be clear who own it. But both of these have differences used for and different advantage when we use these.

To be honest, I really don’t care if my status is anonymous or not while doing a bitcoin transaction because I am not doing any illegal transaction. Yes, anonymity is a good feature for those who deal in larger amounts and they get an extra layer of security for their transaction so it is good too but on the other hand, we cannot ignore those who can misuse this feature and use bitcoin for the illegal purpose.

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November 08, 2016, 05:21:42 AM
 #180

Bitcoin is the new era of transaction, it gives us so many advantage over usual fiat like the anonymity transaction and price growth, and i think bitcoin is the best investment for now compare to gold or stock, and the most important is decentralized, so the government can't control this currency

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