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Author Topic: Difference between Bitcoin and real money?  (Read 113873 times)
Pattart
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November 01, 2017, 05:43:32 AM
 #1801

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?

You can get high profit if you use bitcoin in investing, much more on gambling but gambling is kinda risky so go for investment. Regarding to the difference of bitcoin and dollars, bitcoin can use by the people who can use gadgets or modern technology while dollar can use by everybody even you don't know hot to use a smartphone or you're poor.
I think the difference is very visible that bitcoin shaped digital and real money can be categorized as cash. although real money also has digital version like credit card, debit card, atm, etc. but real money is better known as cash money. yeah you're right that bitcoin can only be used by people who have gadgets and can use internet. whereas real money can be used by everyone including poor people but the special of bitcoin is bitcoin can be used by everyone in various countries (ie global currency) while real money is still fragmented by the local currency in each country?

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November 01, 2017, 09:37:53 AM
 #1802

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November 01, 2017, 09:52:31 AM
 #1803

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?

you are not totally right because you can convert your money in doller but you can not trade with doller because the price of doller not goes down and up sharply but in btc there is sharp and big down and fall and increaee in the rate day per day happened . so bitcoin provides us a way to get better way for trading .
and second thing is the no. of people wants to buy btc are more than the dollet buyer .


money depend on gold and bitcoins is a virtual currency.
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November 01, 2017, 09:58:44 AM
 #1804

The difference between bitcoin and real money that we all know that bitcoin is totally digital and you can use it in any online gadget and the real money is very fair to use in a small business that you have.

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November 01, 2017, 12:39:25 PM
 #1805


The number of bitcoins is limited - 21 million of them can be produced. Today, no state in the world can print or depreciate them. This is the concept of bitcoin - that it should be money that belongs only to you, which can not be forged and which you can instantly settle with anyone anywhere in the world where there is the Internet.
I agree with you bitcoin is there limit can not create more and its value will increase rather than decrease.
That if the demand will increase as well, what we have seen now is the result of increasing demand that is why the value of bitcoin
keeps rising and breaking it's previous all time high records. As investors we like this to continue so we also do an effort to support bitcoin, we
use it in our daily transactions and we also invite people to adopt with it.

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November 01, 2017, 01:01:20 PM
 #1806

Real money are presented in physical notes,and everything else is a form of digital fiat and these traditional fiat currency are been monitored.While Bitcoin is decentralized currency which can,t be monitored.

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November 01, 2017, 01:07:07 PM
 #1807

With bitcoin you have full control over your money without banks and governments and taxes. What is real money is what we all accept as real money. Bitcoin is not unreal money. People don't yet have proper knowledge of it. It is a new concept so just like all new concepts will take time for people to understand and accept.
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November 01, 2017, 01:09:53 PM
 #1808

actually, you dont need convert your money to bitcoin. gambling or pay the stuff, it can use your real money.
bitcoin just medium to transaction with other money, i mean virtual money. bitcoin created for transaction, and just for believer. if we believe with bitcoin, we can pay or do something with bitcoin, it just thing like money.
but now bitcoin have high value, it cause of demand's market. i dont know, but im sure it use to trading and other thing like that like investment.
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November 01, 2017, 01:15:23 PM
 #1809

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?

You don't really need to do so. But it depends if you want to earn profit at the same time while you are using Bitcoin rather than spending your money. If you have a dollar or any regular curremcy, its market value will stay the same for a long period of time. While bitcoin's value is increasing from time to time which proves that it is better to invest to it and use Bitcoin as a currency rather than fiat, since you'll be able to earn profit and benefit to it at the same time.



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saqibmunir
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November 01, 2017, 01:17:07 PM
 #1810

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?

You can get high profit if you use bitcoin in investing, much more on gambling but gambling is kinda risky so go for investment. Regarding to the difference of bitcoin and dollars, bitcoin can use by the people who can use gadgets or modern technology while dollar can use by everybody even you don't know hot to use a smartphone or you're poor.
For me i think Bitcoin isn't real money,real money is real money ,bitcoin is cryptocurrency and real money is value,bitcoin is online cryptocurrency,real money is money which we can see in real world and bitcoin is cryptocurrency which we cant see in real world and we cant touch him.Real money isnt anonymously and bitcoin is.

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Ziomuro27
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November 01, 2017, 01:21:25 PM
 #1811

There are many differences of bitcoin and real money.. bitcoin you can use it online as alternative real money you can buy anytime there.. in bitcoins you should have too because many other will exchange it fast and instanly in our place.
Same here though, Bitcoin help us to invest money or rather to say save money to make it grow or increase it price, Bitcoin is the only one currency where bitcoin money can be easily converted into a real money while real money is the one that sustain our needs everyday we use it usual than Bitcoin money.

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November 01, 2017, 01:53:08 PM
 #1812

Bitcoin and real money are both money. we have used both of them to buy anything in the market. bitcoin is a digital currency because the price value of bitcoin decreases and continues to grow.  bitcoin is online work and can shop online with bitcoin. but we can shopping  online or offline  from real money.

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November 01, 2017, 02:16:42 PM
 #1813

bitcoin need internet connection. no internet no bitcoin. real money can be used anytime anywhere. pretty different
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November 01, 2017, 03:29:06 PM
 #1814

seen from the form is clearly different, if bitcoin shaped digital while real money in the form of physical, if viewed from its use may bitcoin much more effective than real money because using bitcoin to conduct transactions have fewer risks

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November 01, 2017, 03:58:47 PM
 #1815

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 none so many differences between bitcoin and the real money. 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.
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November 01, 2017, 06:04:56 PM
 #1816

bitcoin is a way to earn money by investing or working ways that can produce a coin not with a form of real money but this time can be money by selling it, unlike with real money by getting it only need work all day later the money is liquid and can be thank that's the difference.

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November 01, 2017, 06:32:47 PM
 #1817

The difference between them is that the real money unlikely will gane a value compared to bitcoin, which has a growing potential every day.
And the obvious money has a physical form and is controlled by the government, and bitkoin, on the other hand, is decentralized and exists in digital form.
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November 01, 2017, 06:42:41 PM
 #1818

ok fine.

first of all welcome to bitcoin world.

there is some difference between bitcoin and real money---

BitCoin is a type of money.

Money is a term used by economists for something that does three things (which I'll briefly explain in a moment):

A store of value
A medium of exchange
A unit of account


BitCoin meets all three conditions -

You can acquire some and keep them, and they'll still be worth what they used to be (in the same way that a dollar is still worth a dollar, not that it'll still buy what a dollar used to.) That is to say, it's a store of value.
You can buy things with them. Not everyone will accept them, but you're probably going to have better luck finding someone to sell you a laptop for BitCoins than you are for Zim Dollars, despite the fact that Zimbabwe has a government.
You can price things in them, and they are fungible - that's to say that your BitCoin and my BitCoin are worth the same as each other. It's not like trying to trade in, say, oil paintings - people might accept a given Rembrandt for a given Picasso, but no-one would say "you can have my Turner seascape for (any) three Picassos." This makes them a unit of account.

while--

Money' and 'currency' should not be used interchangeably. Currency is the money of a given state. In the U.S., it is Federal dollar notes in circulation.
Money is what we use every day to pay our liabilities, and this includes currency and, to a much bigger extent, our bank account balances that provide the source for our check, wire transfer, debit card, and credit card payments.
Then, there is another form of 'currency' the exists in the books of the banks, and is equivalent to Federal notes, yet is 'immaterial'. This is the account balance that a bank can hold at the Federal Reserve Bank of its district, called 'bank reserves'.
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November 01, 2017, 06:45:33 PM
 #1819

The difference between them is that the real money unlikely will gane a value compared to bitcoin, which has a growing potential every day.
And the obvious money has a physical form and is controlled by the government, and bitkoin, on the other hand, is decentralized and exists in digital form.


Yeah, bitcoin is virtual and there is no physical representation for bitcoin. But, in physical money, there are central banks and money issuers behind it. Despite all, we still trust in bitcoin's unique nature.
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November 01, 2017, 06:55:11 PM
 #1820


Of course we believe in a unique nature, because it is unique

The difference between them is that the real money unlikely will gane a value compared to bitcoin, which has a growing potential every day.
And the obvious money has a physical form and is controlled by the government, and bitkoin, on the other hand, is decentralized and exists in digital form.


Yeah, bitcoin is virtual and there is no physical representation for bitcoin. But, in physical money, there are central banks and money issuers behind it. Despite all, we still trust in bitcoin's unique nature.
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