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Author Topic: Difference between Bitcoin and real money?  (Read 110669 times)
Digitalbitcoin
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November 08, 2016, 05:25:11 AM
 #181

Many unique features Bitcoin have which fiat currency never occupy.

Here are some reasons which makes Bitcoin stand alone globally against fiat currency of any country -

1) Bitcoin is Decentralized Virtual Digital Currency
2) Bitcoin can be generated with contributing computing power
3) Bitcoin is decentralized
4) Bitcoin is anonymous currency traded globally
5) Bitcoin has higher security and transparency
6) Bitcoin is Open source protocol can be access from any device with help of internet
7) Bitcoin is P2p Currency.

These feature increase bitcoins importance and value.

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November 08, 2016, 07:41:06 AM
 #182

The basic difference of two is bitcoin can only spend online while fiat is can spend anywhere.
I like bitcoin as investment because of higher value and continuous increasing.
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November 08, 2016, 12:39:36 PM
 #183

Real money? what real money dude the one that is just a piece of paper and governments give it value?
You can give bits of code value as well and transfer it between people, just like bitcoin.
Real money for a common man means that the government guarantees to give you that amount when you give that currency note to them, actually that's technical. That's why its signed by the government.
For me bitcoins are close to real cash just a basic difference that I cannot shop physically with bitcoins while cash obviously I can

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November 10, 2016, 05:10:42 AM
 #184

The difference between Bitcoin and real money basically in my opinion is unavailable for some users who want to spend money or invest. In practice, I think the possibility of the same. Everyone will be able to do with their savings in real money and in bitcoin.
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November 10, 2016, 05:33:41 AM
 #185


...

Why would I convert my $ to bitcoins?

...


Why would you like to convert? From your OP then maybe the best reason for you to convert is for the purpose of speculation so that you could grow your "real money $". It is what you want right? It is what we all want. Then along the way you discover that it really is not that bad to buy a fake Rolex in the darknet market, or drugs if that is what you are in to. Gambling in a Bitcoin site is also easier. No docs necessary and the cashouts are very fast. You will also discover other stuff can be done with Bitcoin.

Then you just realize that you became a Bitcoiner naturally along the way.


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November 10, 2016, 05:40:13 AM
 #186

The difference between Bitcoin and real money basically in my opinion is unavailable for some users who want to spend money or invest. In practice, I think the possibility of the same. Everyone will be able to do with their savings in real money and in bitcoin.

Yes it is the same and can be spent but different in value. It is the surge in movement that makes bitcoin exciting. Example:
If you got $703 dollars and you got 1 bitcoin which you bought at 703 dollars also. Look at it now. Your dollar will stay to where it is unlike bitoin.

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November 10, 2016, 06:27:43 AM
 #187

The difference between Bitcoin and real money basically in my opinion is unavailable for some users who want to spend money or invest. In practice, I think the possibility of the same. Everyone will be able to do with their savings in real money and in bitcoin.

Yes it is the same and can be spent but different in value. It is the surge in movement that makes bitcoin exciting. Example:
If you got $703 dollars and you got 1 bitcoin which you bought at 703 dollars also. Look at it now. Your dollar will stay to where it is unlike bitoin.
That was investment purposes that bitcoin much better as investment that real money or in stock market, but this two has a big different bitcoin can only used in online transaction because it is digital while real money had a physical coin that we can spend anywhere.
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November 10, 2016, 06:37:43 AM
 #188

The difference between Bitcoin and real money basically in my opinion is unavailable for some users who want to spend money or invest. In practice, I think the possibility of the same. Everyone will be able to do with their savings in real money and in bitcoin.

Yes it is the same and can be spent but different in value. It is the surge in movement that makes bitcoin exciting. Example:
If you got $703 dollars and you got 1 bitcoin which you bought at 703 dollars also. Look at it now. Your dollar will stay to where it is unlike bitoin.
Today, bitcoin is seen as a commodity and no more and no less. As long as no one is willing to use it as cash as opposed to real money. Thus it is possible and necessary to combine. Bitcoin earn real money. It's simple.
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November 10, 2016, 06:56:57 AM
 #189

The basic difference of two is bitcoin can only spend online while fiat is can spend anywhere.
I like bitcoin as investment because of higher value and continuous increasing.

But you have the option to convert your bitcoins with a small fee, and you can also spend it everywhere, right? The main difference is Bitcoin is an investment along with rear money power because over the time its prices can appreciate. That is main difference between these two.

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November 10, 2016, 07:51:16 AM
 #190

The main difference is Bitcoin is an investment along with rear money power because over the time its prices can appreciate. That is main difference between these two.
But other than investment perspective, I value the concepts of bitcoin ecosystem which never will be possible with real money system. The decentralization and the pseudo-anonymous are few of very big advantages of bitcoin ecosystem over real money.

Quote
But you have the option to convert your bitcoins with a small fee, and you can also spend it everywhere
For the time being this maybe a difference like bitcoin is not accepted by majority of merchants, but over the time this difference will fade away.














 

 

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President79
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November 10, 2016, 08:10:49 AM
 #191

Difference between Bitcoin and real money? This is already very clear. With Bitcoin we can use for all transactions and very important is we can use for long investment. If we save the longer the price is higher, but if the money we save the long time the value will down.
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November 10, 2016, 09:49:09 AM
 #192

The diferrence bitcoin and real money are .
Bitcoin is for online transaction and bitcoin increase the value and bitcoin is for the whole world .
Real money is for the everyday use . every country have money but not increasing like bitcoin.

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November 10, 2016, 10:45:55 AM
 #193

When you mentioned "Real mondy" I am pretty sure you meant to say fiat momey.

There is a big difference between the two,as fiat money is being controlled by the government and can be printed nonstop,which can influence the overall price and make it open for inflations.
Although bitcoin is being backed by the community who uses it and not by a government,they choose the price,and there is a total limit of bitcoins which can not be exceeded,so we can be sure that someone is not going to print nonstop bitcoins and make our bitcoins worthless.
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November 10, 2016, 04:17:27 PM
 #194

Bitcoin is digital money
Paper currency is traditional old system of money

Bitcoin is never printed like paper currency or stamped like coins, although it should like BIT coins
But paper currency rae printed in cotton paper and traditional money are also stamped on metals.

There is no tax in bitcoin
There is tax applicable on paper and metal found issued by government

Bitcoin is decentralized
And traditional money is centralised
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November 10, 2016, 04:22:02 PM
 #195

Well bitcoin is not actually like dollar or yen but it's just a number which is stored in computer and transferred within computer. It is never printed like paper money. It doesn't have tax like paper money and no one have control over the money. It could be mined and made by anyone and anyone could buy and sell the money
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November 10, 2016, 04:26:37 PM
 #196

The obvious difference between bitcoin and real money is the tangibility.  Bitcoin is intangible while real money is tangible.  Government back you up with the real money while not on bitcoins.  Real money system is a close ledger hidden from the public while Bitcoin is an open ledger available in public who ever wanted to see the transactions.

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November 10, 2016, 04:32:40 PM
 #197

The basic difference of two is bitcoin can only spend online while fiat is can spend anywhere.
I like bitcoin as investment because of higher value and continuous increasing.

But you have the option to convert your bitcoins with a small fee, and you can also spend it everywhere, right? The main difference is Bitcoin is an investment along with rear money power because over the time its prices can appreciate. That is main difference between these two.
If there are two sources of income and one of them Bitcoin, I do not think that would be converted into real money cryptocurrency until until the price rises.
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November 10, 2016, 04:53:38 PM
 #198

The basic difference of two is bitcoin can only spend online while fiat is can spend anywhere.
I like bitcoin as investment because of higher value and continuous increasing.

But you have the option to convert your bitcoins with a small fee, and you can also spend it everywhere, right? The main difference is Bitcoin is an investment along with rear money power because over the time its prices can appreciate. That is main difference between these two.
If there are two sources of income and one of them Bitcoin, I do not think that would be converted into real money cryptocurrency until until the price rises.
It can be still converted into real cash because bitcoin is money and if the price or value of bitcoin increases in order to make profit you need to sell it for high price and buy bitcoins again when the price is low.. its a nature of bitcoin and trading ways..
The only different from them the movement of the price of bitcoin is fast than the value of real cash like usd here in my country the price right now i increase by 1 peso but it takes too long.. unlike bitcoin..

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November 10, 2016, 05:01:43 PM
 #199

Bitcoin is a digital money and real money are made out of page.

There is government behind real money but there is no one behind bitcoin. Everybody could make begin in their home with their own computer just by running bitcoin mining software

Government have no role in bitcoin but in real money government is the central node that control the flow of money
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November 10, 2016, 05:11:13 PM
 #200

Bitcoin is a digital money and real money are made out of page.

There is government behind real money but there is no one behind bitcoin. Everybody could make begin in their home with their own computer just by running bitcoin mining software

Government have no role in bitcoin but in real money government is the central node that control the flow of money
The first real money when there is in your pocket, you do not worry and do not depend on any disasters or electronic problems that occur on the network. You are constantly in cash on hand. This is a positive fact in favor of real money.
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