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Author Topic: Difference between Bitcoin and real money?  (Read 113873 times)
momopi
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October 04, 2017, 05:11:01 AM
 #1621

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?


Those questions in your mind are very practical to be honest, but for users who finds a way to make trading, transactions easier, that's what Bitcoin can offer to us. For simple explanation, bitcoin is the digital and $ is the traditional currency. bitcoin is slowly being accepted worldwide and I can see future that this digital will be a mainstream currency as well,
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October 04, 2017, 05:17:28 AM
 #1622

The difference is that the bitcoins are safer than paper and coin currency. Paper currency may be easily falsified. So, your bargain is destroyed. But as for the bitcoins, nobody still can hack the system though there were a lot of efforts. The bitcoin is an equivalent of the gold which has more values than standart paper currency. There are private and viewed transactions, possibility to make large translactions without any % (like for the bank, for example). All in all, you can use your currency capital as you want and do not lose any percents of it.
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October 04, 2017, 05:57:57 AM
 #1623

Bitcoin is also currency same as a real money, but i think the difference between bitcoin and the real money is that you can only use,shop,buy something online or in the internet using bitcoin, while  the real money, you can use it anywhere, i mean, you can use it in the internet and also in the real world.
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October 04, 2017, 02:01:27 PM
 #1624

Bitcoin can be transferred without fee, that is its original purpose, unlike money, if you want to transfer money you have to pay for bank fees. Bitcoin is fast growing sonyou could earn faster and easier, while paper money takes too long to change value so that makes bitcoin better.

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October 04, 2017, 02:34:50 PM
 #1625

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's a big difference about the bitcoin and real money. first the real money is used for everyday life to buy things in the market store etc. while the bitcoin is used to buy things but only in the internet. second the bitcoin is have a faster transaction in the internet and the money is instant on your hand if you buy a things . and the third you don't need electricity to used money unlike the bitcoin you need to access in the computer first and before you have to computer you need electricity



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October 04, 2017, 02:39:36 PM
 #1626

they both are money and are to be used for the same purpose but the only difference is that real cash or paper money can be touched and are in paper form while bitcoin is not in paper form and is available in only digital form.

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October 04, 2017, 02:40:16 PM
 #1627

To begin with, bitcoins are not just a currency that can be compared to dollars. Each crypto currency has an idea, its meaning. Among the altcoins, there are those that can be compared to shares of companies, because they have an economy in the code. Altkoins and bitcoins are very volatile and they can vary in price from 5 to 1000% per day. And you should take an interest, that such technologies Blockchain, at once many questions will disappear.
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October 04, 2017, 02:43:14 PM
 #1628

real money is based on corrupted governments and bitcoin means freedom and anonymity

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October 04, 2017, 04:58:07 PM
 #1629

Bitcoin and real money are not same.they have many differences.bitcoin is a crypto currency but real money is not crypto. we can use real money for our daily activities.but bitcoin can't do this.besides bitcoin is not legal in every countries in the world.

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October 04, 2017, 08:15:42 PM
 #1630

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?


That's the point, The reason why people uses bitcoin its because it has a big value than real currency. So if you want to increase your money just invest it in bitcoin and it will double or higher your money depends on how are you going to manage it. Aside from that bitcoin also is hassle free when it comes in withdrawing and when you are earning it there is no taxes while in real currency it has.
Anyone want to increased money. But people think if they invest this too risky.it this reason 60% people invest the money and 40% people they think it is risky they don’t invest but look the large people of amount invest money in bitcoin for me I invest money in bitcoin .

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October 04, 2017, 08:18:31 PM
 #1631

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?


That's the point, The reason why people uses bitcoin its because it has a big value than real currency. So if you want to increase your money just invest it in bitcoin and it will double or higher your money depends on how are you going to manage it. Aside from that bitcoin also is hassle free when it comes in withdrawing and when you are earning it there is no taxes while in real currency it has.
Anyone want to increased money. But people think if they invest this too risky.it this reason 60% people invest the money and 40% people they think it is risky they don’t invest but look the large people of amount invest money in bitcoin for me I invest money in bitcoin .
I actually having an headache trying yo read up your statements because i cant sense on what you are saying here but well going back to the topic. Difference between bitcoin and real money? Then its just simple A decentralized thing compared into a centralized one.This is the major thing that do differentiate them.


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October 04, 2017, 08:28:42 PM
 #1632

in our time, the line between the real world and the virtual becomes very thin, and therefore the crypto currency is not inferior to almost nothing from real money, and in some cases they even win!

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October 04, 2017, 08:32:52 PM
 #1633

I would say that normal money has no coverage. We don't have gold parity anymore so the goverment can print as much money as they want to. Nobody can stop them from doing that. Why Bitcoin is worth something? To produce and maintain it, you have to use a lot of electricity. It's still cheaper than regular money.
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October 04, 2017, 08:55:29 PM
 #1634

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?


bitcoins and real money are very different indeed both currencies are the same but you can distinguish is if bitcoin is just a digital currency if you have some bitcoin you can trade with fiat and you can also spend your bitcoin online but if real money you can use it whenever you want


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October 05, 2017, 07:47:54 AM
 #1635

I would say that normal money has no coverage. We don't have gold parity anymore so the goverment can print as much money as they want to. Nobody can stop them from doing that. Why Bitcoin is worth something? To produce and maintain it, you have to use a lot of electricity. It's still cheaper than regular money

I guess you are farther from truth than you might think

Just because you spend a lot of time and effort (or even plenty of money) on something, this alone doesn't make it worth anything on its own. It will be worth something if, first, it has utility (i.e. capability of producing some useful effect if, for example, it allows you to reach some end or fulfill a purpose), and, second, it is scarce enough to limit its supply. As you can see, consuming electricity to produce bitcoins and maintain the Bitcoin network is nowhere near enough to give Bitcoin value all by itself

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October 05, 2017, 08:16:37 AM
 #1636

I would say that normal money has no coverage. We don't have gold parity anymore so the goverment can print as much money as they want to. Nobody can stop them from doing that. Why Bitcoin is worth something? To produce and maintain it, you have to use a lot of electricity. It's still cheaper than regular money

I guess you are farther from truth than you might think

Just because you spend a lot of time and effort (or even plenty of money) on something, this alone doesn't make it worth anything on its own. It will be worth something if, first, it has utility (i.e. capability of producing some useful effect if, for example, it allows you to reach some end or fulfill a purpose), and, second, it is scarce enough to limit its supply. As you can see, consuming electricity to produce bitcoins and maintain the Bitcoin network is nowhere near enough to give Bitcoin value all by itself
Bitcoin is a digitized currency which you can transact anywhere if you have an internet connection with you. It is a very fast and easy transaction because nobody knows your income while real money is a physical money which we use everyday from our salary it's a common money that we get from our hard earned job or work in a particular company. These two are both related to each other only that bitcoin is a bit safer than the real money but it is depending on the wallet you use per transaction.

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assyla
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The OEL Blockchain Ecosystem for Supply Chains


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October 05, 2017, 08:22:05 AM
 #1637

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 money are; First, bitcoin is a crypto currency that have been mine by the miners in Internet while Fiat money are made by the government and must circulate to individual to government etc. Second, Fiat money is tangible while bitcoin are not.

shunga
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October 05, 2017, 08:24:48 AM
 #1638

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 real money are, bitcoin use to earn in this forum, it use to each user of bitcoin when their are joining in their signature campaign. In short bitcoin is a payment on this online work. While real money is we can surely use this to buy a things every were but bitcoin is not because they dont familiarize that coin.

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millgates
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October 05, 2017, 08:50:30 AM
 #1639

I would say that normal money has no coverage. We don't have gold parity anymore so the goverment can print as much money as they want to. Nobody can stop them from doing that. Why Bitcoin is worth something? To produce and maintain it, you have to use a lot of electricity. It's still cheaper than regular money.

If we use paper money, we will lose without knowing it.  For example if in the past we buy fruit for $1 but now we buy the same item 2$ or more, this is the impact of inflation that we unaware of. The value of paper money is constantly reduced. Bitcoin is different from real money because maximum amount is set at 21 million.







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Raven91
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ARIZN - Tokenised Crowdfunding Platform


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October 05, 2017, 03:23:21 PM
 #1640

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 bitcoin and real money is not so different bitcoin is like an automated money in where it is something like a money in the bank.While real money is the cash on hand that people mostly are spending .


arizn

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