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Author Topic: Difference between Bitcoin and real money?  (Read 110683 times)
Kakawate
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November 02, 2017, 02:04:30 AM
 #1841

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?


Well, cryptocurrency has more advantage, you can earn more and faster than in $, faster increase in rate also means uounwill earn profit even though your just holding your bitcoin, unlike dollar or anyother fiat or paper money. Investments are also doubled or even multiplied to as many as you can't even imagine, that is the advantage of bitcoin.

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November 02, 2017, 02:06:32 AM
 #1842

bitcoin is a digital currency which is used for trading and investments on internet, it can not be traced and anonymous, and no taxes, not much people know about bitcoin. however, real money dont have much advantages like bitcoin but it is the most common used on the world, i can be accepted at anywhere.
 

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November 02, 2017, 08:11:37 AM
 #1843

Bitcoin can't acceptable all countries.So If you wish then you do not buy any product spend with bitcoin in any country.But real money is a good all For educated and uneducated people.It use all place.shopping,traveling,Marketing all place.But only bitcoin acceptable some country and some shop take bitcoin.I hope one day come when all country and all place can take bitcoin.

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November 02, 2017, 08:18:54 AM
 #1844

Bitcoin is not subject to any government regulation, and Bitcoin and money are not the same, Bitcoin is scarce, so the value of Bitcoin has been growing, and money is not the same, the money will depreciate. Smiley

monika27
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November 02, 2017, 08:28:27 AM
 #1845

The first difference between the two is Real money hardly gains value as compared to bitcoin which has growing potential everyday.
Secondly the obvious money has a physical form and is controlled by a government while bitcoin on the other hand is decentralized and exists in a digital form.
Hannahanto
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November 02, 2017, 10:27:57 AM
 #1846

Bitcoin is a cryptocurrency,  Normal currency  is fiat,  seen physical. BTC is limited, other currency is not limited, govt  decides upon it now and then.  BTC transactions are so secured but with real currency, at times have fear o
of carrying it in hand..   BTC does not require a bank,  but other currencies do require a Bank.

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November 02, 2017, 10:39:33 AM
 #1847

Real money is more stable then bitcoin. Bitcoin is very unstable it can rise very high and it can fall very hard in a short time. Bitcoin is also online and not in your pocket.

Real money can be in your pocket and you also have a credit card who you have in your pocket most of the time. While bitcoin is online so its harder to steal it.
Yeah both are the form of currency but i think the both are totaly different in current scenerio. we can use the real money for direct shopping in local stores and we know that bitcoin is just using for online transaction like as online shopping or in use of website but i hope we will be use our bitcoin like as fiat like our regular money because bitcoin is getting much more popularity and there is a lot of people adopting bitcoin huge amount for the future i hope we will be using our bitcoin like as our regular currency but i think it will take almost 10 to 20 years for it to do so..

Yes.FIAT is used for all the money depending currency, and bitcoin is also now accept for transaction like in Amazon. Take a dollar, it price of dollars is similar not vary.In Bitcoin, the price will pump. Bitcoin will replace the $ and the entire currency system. Bitcoin is always better than Money.
Amazon? No, I do not remember Amazon has accepted Bitcoin as a payment method in their shop. This is just a rumor and Amazon has confirmed they do not have any decision for Bitcoin at now. However, they do not negate they will accept Bitcoin, but apply it in this year is impossible.
I agree with you not amazon i think the big difference between bitcoin and real money is that bitcoin can go up and down and also that it is online and not ruled by any bank but by ourselves those are one of the biggest differences.
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November 02, 2017, 10:42:25 AM
 #1848

The difference is that with bitcoin you can't buy anything you want with it. Like you can't go in a restaurant and just buy some food with it. Maybe that will happen in the future witch is possible. You can buy anything with money.
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November 02, 2017, 10:57:23 AM
 #1849

Money,a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. It was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.


spinno
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November 02, 2017, 11:02:29 AM
 #1850


Bitcoin is a virtual currency. It doesn’t exist in the kind of physical form that the currency & coin we’re used to exist in. It doesn’t even exist in a form as physical as Monopoly money

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November 02, 2017, 11:07:23 AM
 #1851

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 is very obvious, money is for outside the internet while bitcoin is for the inside of the internet. Nowadays, the whole world is very dependent through the internet. So, that is the biggest advantage of bitcoin. It is easy to utilize with the use of internet.

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November 02, 2017, 11:12:26 AM
 #1852

The first difference in bitcoin and real money is of physical existence,  bitcoin is virtually concept while real money has  existence.  Bitcoins is continously growing up and it's price are skyrocketting but real money is only a mode of currency,  although bitcoin in itself become a investment as it's prices keep on increasing. Bitcoin is trending,  everyone wants to buy bitcoin.  Bitcoins has been tax free and easy transaction method but cash leads to transaction fees,  taxes by the government.
we can't produce more bitcoin as it's fixed at 21,000,000 only where real money could be produced up to unlimited amount. that's make a clear difference that the price of bitcoin can only changed by each of bitcoin holder decision. and i personally always feel so amazed with satoshi nakamoto who design this great thing ever created on the internet.

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monir34
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November 02, 2017, 11:18:03 AM
 #1853

Real money you can use everywhere in the world. And every bank or organization and everybody should be accept real money. And it's control by every country central bank. But Bitcoin is totally different. Btc a virtual currency and you can't touch or see it. It's not controlled by any organization or government. You should use it by internet. The main thing for Bitcoin, for transaction is low fee. You can transfer Bitcoin in low fee any country.
conceivedspoon2
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November 02, 2017, 11:22:20 AM
 #1854

When money is kept in the bank become virtual and not real money once you can't hold it. Only your bank account figure shows.So, also with investment, once you have dropped your money then it is no longer accessible until you break it. Bitcoin runs in the same package too. Safe keeping of valuables is an aged exercise to keep from damages, theft and smuggling. Bitcoin is not only virtual money, it is also like trading of currencies just the way you trade other currencies. So, bitcoin is also real money once you have exchangers around you. It can be converted to cash once you need it, atleast that's real money.

Makar88
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November 02, 2017, 11:24:28 AM
 #1855

The first place in the list of the main misconceptions about Bitcoin is the idea that Bitcoin is another "piece of paper", even electronic ones that only represent "real" money, are such debt receipts. Hence the origin of most of the other fallacies: if they are pieces of paper, then they are worthless; they can be printed or destroyed as many as you want; they can be faked; they can be copied.
      I repeat - all this is nothing more than delusions. At the heart of the idea of ​​Bitcoin lay the desire to create not just another "piece of paper" that represents real money, such as gold, but an analog of gold itself. Take those properties of gold, through which it is the ideal money, and make an electronic currency based on them.
Vaskiy
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November 02, 2017, 11:27:10 AM
 #1856

The first difference in bitcoin and real money is of physical existence,  bitcoin is virtually concept while real money has  existence.  Bitcoins is continously growing up and it's price are skyrocketting but real money is only a mode of currency,  although bitcoin in itself become a investment as it's prices keep on increasing. Bitcoin is trending,  everyone wants to buy bitcoin.  Bitcoins has been tax free and easy transaction method but cash leads to transaction fees,  taxes by the government.
In my view both are almost similar in most of the features. Varies at very few thing which makes bitcoin more potential compared to the real money. One thing is the decentralized functioning, second is the virtual presence, third is the earning possibilities, next is the bitcoin itself serving as investment,backed by technology while real money gets backed by the central authority.

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November 02, 2017, 11:32:06 AM
 #1857

Bitcoin is digital currency and money is real yeah Real Money
real money can use everywhere offline or online but bitcoin cant be offline

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November 02, 2017, 11:33:32 AM
 #1858

Bitcoin and money has many comparisons. Bitcoin is always compared with other types of cryptocurrency and we can say that bitcoin has a very high value which makes it different. Bitcoin is a electronic money and these means that we cannot touch it but only see it and we only know that it is there if we can see it. On the other hand, money is equivalent to cash in the real world in which we can touch it and earn it by working. We can also earn bitcoin by working hard but we have to work through the internet.  

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November 02, 2017, 11:34:39 AM
 #1859

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 the bitcoin and the real money is that Both are these 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. It is both essential to all people.
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November 02, 2017, 11:36:07 AM
 #1860

I think the difference between the two is, bitcoin is can be considered as a digital currency, which we can use only through the aid of technology in every transaction. While real money can be used for immediate payment.

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