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Author Topic: Difference between Bitcoin and real money?  (Read 113818 times)
Lintel
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October 07, 2017, 06:08:55 AM
 #1681

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.

I agree, bitcoin is a cryptocurreny which we can only use to pay online . We can alao use bitcoin for our dialy expeditures but we need to convert it first to cash. And not all countries are legalizing bitcoin while money is our currency we can uae to our transaction any time , anywhere. If we have money we can buy directly in the shop.

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October 07, 2017, 06:11:54 AM
 #1682

I think the difference between bitcoin and real money is :
Bitcoin is one of the virtual currency at this time . what about the real money ?
the money is something used to exchange value in transactions or what we use to pay our
liabilities in the daily life.  Smiley

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October 07, 2017, 06:14:07 AM
 #1683

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?


Real $ when traded to bitcoin grow real fast than traditional banking and without hastle in transacting and trading. It is only for the people to understand more on bitcoin to realize the difference between bitcoin and fiat money.

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October 07, 2017, 06:19:03 AM
 #1684

I only see the difference from the transaction side,, Bitcoin Transaction can take 10 minutes to confirm. Bitcoin transactions can not be changed and can only be returned by Bitcoin recipients in case of an error. Unlike conventional currency, debit and credit transactions can be completed in seconds. Certain transactions may also be returned for valid reasons by the originator, without having to rely on the recipient's grace.
and many more difference ,,

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October 07, 2017, 06:19:38 AM
 #1685

There are many differences between Bitcoin and real money.The first differnce is that Bitcoin is used for online transactions and real money is used for offline transactions.It is not possible to track transactions through Bitcoin but transactions through real money can be tracked easily. Bitcoin investments are more profitable than investing in real money. Bitcoin is deflational but real money is inflational. Bitcoin is volatile in nature but real money is nonvolatile .Bitcoin is decentralized but real money is centralized.These are some of the differences between Bitcoin and real money.
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October 07, 2017, 06:22:26 AM
 #1686

There are a lot of differences between bitcoin and currency fiat. However, the main difference is that Bitcoin, like the other crypto currency, provides more freedom compared to the usual currency. This freedom also lies in the freedom of storage, access at any time to the cross-exchange with the aim of transferring them to any point of the world without intermediaries in the form of banks

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October 07, 2017, 06:47:16 AM
 #1687

Difference of bitcoin into real money.
Bitcoin and money both have value but bitcoin is virtual, does not exist physically only in computer so we cannot hold it while we can hold real money. Bitcoin has no fix rate or fix but the real money including dollar 1$ remains 1$ ever a thousand years will pass. Bitcoin is not really accepted as a payment other people are just willing to accept it. Like on this site
https://www.forbes.com/sites/karlwhelan/2013/11/19/how-is-bitcoin-different-from-the-dollar/#6d2d27d2398f, it said that
“If people decide they wish to trust the people who create Bitcoins more than their own government, then perhaps it could be an alternative medium of exchange.”

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October 07, 2017, 06:54:53 AM
 #1688

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?

because the bitcoin is very stable, don't look bticoin as currency because bitcoin cannot defeat $ just look bitcoin as new way of investment. bitcoin just grown need 10 - 20 years to make acceptable to people
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October 07, 2017, 07:14:38 PM
 #1689

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment  but personally, I do it for the purpose of diversifying.
Fiat money will remain its importance no matter what happens. This is because all over the world, the stock market of all the country is based upon the fiat money. Bitcoin is surely a new technology and it brings more facilitation as compared to fiat money. Btc may get more importance than fiat money someday.
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October 07, 2017, 07:21:48 PM
 #1690

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment  but personally, I do it for the purpose of diversifying.
While the use for bitcoin and fiat money is the same, the big difference is that the fiat money is created and its value determined by the government licensed banks, while everyone can create or mine bitcoin and its value is solely determined by the demand of the people.

Another big difference is that fiat money loses its value by default!

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October 07, 2017, 08:11:40 PM
 #1691

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment  but personally, I do it for the purpose of diversifying.
While the use for bitcoin and fiat money is the same, the big difference is that the fiat money is created and its value determined by the government licensed banks, while everyone can create or mine bitcoin and its value is solely determined by the demand of the people.

Another big difference is that fiat money loses its value by default!

fiat is highly dependent on the government, the world's financial system is now proven capable of preventing people from rebelling over the accumulation of personal economic wealth and enriching a country with highly regulated taxes. Bitcoin was born with controversy by offering decentralization that has the potential to create inflation and the destruction of the world economy.

Imagine if the state is not able to make strong rules for bitcoin, then they will get a country full of rebellion, money laundering and corruption from officials. It must have a solution quickly or many countries will face a daunting era.



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October 07, 2017, 08:50:29 PM
 #1692

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment  but personally, I do it for the purpose of diversifying.
While the use for bitcoin and fiat money is the same, the big difference is that the fiat money is created and its value determined by the government licensed banks, while everyone can create or mine bitcoin and its value is solely determined by the demand of the people.

Another big difference is that fiat money loses its value by default!

Not all Fiat currencies lose value. The Swiss Frank had done a remarkable job of maintaining its value against silver for a long time. Of course, if you look at the currencies of countries like Venezuela and Zimbabwe, then it is a different story.


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October 07, 2017, 09:00:28 PM
 #1693

Bitcoin is a crypto currency, which is used as an internet money, while $ is a fiat currency used for daily basis. Bitcoin is very profitable when you invest in it, it serves as an investment for a long time run. As time goes on the price increases which mean your investment is yielding you profit, but one thing is certain, there will always come a time when the price will drop (it always comes up).






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October 07, 2017, 09:16:39 PM
 #1694

Real money is easier to use anonymously but it can be easily forged. Bitcoin is quite the contary. It can't be forged and easily stolen but your transaction can be tracked easily if you don't take proper steps. Many goverments are monitoring Bitcoin transactions. They have created special tools that may be able to analise the whole Bitcoin transaction history.

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October 07, 2017, 09:50:51 PM
 #1695

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment  but personally, I do it for the purpose of diversifying.
While the use for bitcoin and fiat money is the same, the big difference is that the fiat money is created and its value determined by the government licensed banks, while everyone can create or mine bitcoin and its value is solely determined by the demand of the people.

Another big difference is that fiat money loses its value by default!

Not all Fiat currencies lose value. The Swiss Frank had done a remarkable job of maintaining its value against silver for a long time. Of course, if you look at the currencies of countries like Venezuela and Zimbabwe, then it is a different story.
Maybe that's the case. Bitcoin is a digitized money which you can get from your mobile phone with the help of internet connection and you can bring anywhere you like without pocket in your bag because it's only inside your phone with its amount on it. On the other hand,real money is something you can already touch and the ones that we always use for buying and also the ones that we receive from our salary. In other words,they are both money but only bitcoin is indirect method when you receive it to your hand.

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Iantot08
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October 07, 2017, 11:14:55 PM
 #1696

As a student, and base in my economic subject, economist said that a real money have a medium of exchange, store of value and a unit of account. Base in my subject money is a tangible things or tangible assets to all people.
Bitcoin, honestly I'm not familiar in this term but base in to my cousin, it is may be other currency or can be a substitute of a real money as a I know when the times it's come. And also bitcoin is said to be it a fiat money.
Aikidoka
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October 07, 2017, 11:51:44 PM
 #1697

The difference between bitcoin and real money is quite simple. The former is a digital currency. To elaborate, it is the currency of the internet. Hackers used it on the dark net to buy illegal things like weapons, drugs, etc... Nowadays, it is used as a method of payment in many countries like Japan. This currency does not exist, but it does on the internet. On the other hand, real money is printed money that you can touch (Tangible). You can use it to buy local things like food. It does exist and recognized worldwide.

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djmixen
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October 07, 2017, 11:59:56 PM
 #1698

There are lots of difference of bitcoin in money, like what bitcoin can do and money can do also in instant way. Example in money you can buy things easily in some store that do not accept bitcoin and easily get to your literal wallet. Unlike bitcoin you need to connect to the internet access before you use it. but if you have bitcoin you can easily pay your bills through sending on it unlike in real money you need to go to the store or office to pay.

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October 08, 2017, 04:39:14 AM
 #1699

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 is just a currency that people prefer to use, bitcoin gives you anonymity and you don't need to present the proof of where you got the money from. Fiat can be beneficial some times and so does bitcoin.  Bitcoin provides you peer to peer network whereas fiat doesn't. No one can steal your bitcoin unless and until you give your private keys to them or if your hardware wallet gets lost.

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October 08, 2017, 04:44:20 AM
 #1700

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 is just a currency that people prefer to use, bitcoin gives you anonymity and you don't need to present the proof of where you got the money from. Fiat can be beneficial some times and so does bitcoin.  Bitcoin provides you peer to peer network whereas fiat doesn't. No one can steal your bitcoin unless and until you give your private keys to them or if your hardware wallet gets lost.
Bitcoin is not just a currency, it's an multiple usage asset. The usage of bitcoin as a currency is found much lower than it getting used as an investment asset. This is all because of the growth and the value reaching big in very small time period. Real currency has a stable price, as well an physical paper appearance whereas with bitcoin it has the usage through Internet connectivity.

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