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Author Topic: Difference between Bitcoin and real money?  (Read 110676 times)
sapnu
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November 11, 2017, 04:02:59 PM
 #1921

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 thing here is that, Bitcoin's market value is continuously growing each day. So it is advantageous to convert your money into Bitcoin especially if it is legal to your country. In that way, you will be able to invest and earn huge profit and at the same time, you'll experience the benefits of Bitcoin such as low fees and faster transactions and also, huge profit.

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Lukochuri78
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November 11, 2017, 04:07:55 PM
 #1922

for me BTC a money making process. I use BTC for growing my real money. BTC is valuable but it is not usable in our daily life.
we need money for living.

Edrian
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November 11, 2017, 04:21:45 PM
 #1923

Money has a central bank and bitcoin doesn't have. Money has a physical form and bitcoin is digital, bitcoin values are not stable and it changes from time to time. Bitcoin is so easy to transact, unlike money that you need to go to the bank. Bitcoin doesn't have tax " not applicable in some countries". If your bitcoin is lost it is hard to track unlike real money you have a passbook and you can see what really happened if lost property happens. Bitcoin is a universal currency, unlike real money. Bitcoin is not yet accepted around the world a lot of people without internet access cannot use bitcoin but they can use real money.

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November 11, 2017, 04:25:23 PM
 #1924

I think the difference between bitcoin and real money is that bitcoin is not taxed. It does not depend on governments. Pay faster and safer. Bitcoin is just a high value virtual currency and it is not printed like real money

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November 11, 2017, 04:37:15 PM
 #1925

in simple explanation and be being truth the difference of bitcoi  and real money is you can save your money on your own without any problem or thinking that someone might steal it (not about bank saving thoo..) while bitcoin since its  digital currency  you really cant assure that it will not be gone with no reason.just like the other peoples experience.they invest so much in bitcoin but in jut one blink of an eye everything was gone.

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November 12, 2017, 11:01:59 AM
 #1926

More people demands for it which brings the price of bitcoin also rise. And bitcoin's price is usually based on us dollars,  which is when you convert it to your local fiat it gets even more bigger.

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November 12, 2017, 11:08:47 AM
 #1927

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

The advantage between bitcoins and fiat is, This digital currency is increasing its value as the time goe's on and also can be used to buy products online while fiat's value is stable and it does not grow anymore.

imking
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November 12, 2017, 12:01:19 PM
 #1928

There is much difference between the bitcoin and the real money because the bitcoin value might be increase or decrease. The real money doesn't change the value of it. The bitcoin can use some store as a mode of payment such a steam, Subway.

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November 12, 2017, 12:11:10 PM
 #1929

There is much difference between the bitcoin and the real money because the bitcoin value might be increase or decrease. The real money doesn't change the value of it. The bitcoin can use some store as a mode of payment such a steam, Subway.
You are right, There is a lot of difference between real and digital money. As you said, cryptocurrencies and in general bitcoin, have a high volatility of price compared than real money, Also it have a very high potential and we can control our wallet without any problems, so we can set transactions fees and we can create wallet without any documents verifications in the internet.

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November 12, 2017, 12:19:49 PM
 #1930

bitcoin is unstable and unpredictable but we are seen right now about bitcoin the price is keep increasing and more price increase will come.
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November 12, 2017, 12:49:13 PM
 #1931

Bitcoins are more convenient to transact with online. Also, it is much faster to grow your Bitcoin compare to money, hence bigger real money if you'll convert your Bitcoins. You are also more secured in Bitcoins since you are anonymous unlike a conventional money which requires lots of personal information of you.

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November 14, 2017, 07:20:28 AM
 #1932

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?

I can say that bitcoin is much better than real money because the value of bitcoin is increasing while the real money is stable so i prefer to earn or hold if i get bitcoins because i know that because of holding bitcoin someday i will become rich.

Bitcoin is better then real money in every way. Only one thing is that many still are afraid of bitcoin cuz its more internet based and this is main reason why many dont want to be involved due to hacking of it.

On other hand many still want to have cash in pocket rather that come with one card that have all.



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SkustaClee
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November 14, 2017, 07:24:26 AM
 #1933

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 are many differences between fiat money and digital money. Fiat money is the money that we are encounter in our daily lives the digital money or the cryptocurrecy money can use only if we have gadgets like mobile phone, computer or laptop.

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Aljay7
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November 14, 2017, 07:34:40 AM
 #1934

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 in bitcoin its easy to get money and you can invest in bitcoin for free unlike in money you'll have to pay taxes,and also it gives us freedom to earn money on our own hard work without decreasing our earnings in taxes from the government. Yeah it's little confusing but if you try to understand on how bitcoin work properly you'll understand why.

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donadoni212
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November 14, 2017, 07:42:53 AM
 #1935

the difference between bitcoin and paper money is a bitcoin of a digital payment instrument that you can trade in certain merchants, bitcoin also as an investment because bitcoin prices are always fluctuating and can not be controlled by third parties.
paper money is a means of payment that is usually used for your transactions, you can buy anything you want anywhere and anytime ,

Alok_Yadav
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November 14, 2017, 08:24:42 AM
 #1936

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?


Money, at least in the US, is Legal Tender by definition.  This means you can offer it in payment for any agreed upon debt, public or private and it MUST be accepted as payment.  If you offer a payment in dollars, the other party can NOT demand payment in Rubles, Bit coins, Yen, gold, silver, etc...

Bitcoins acceptance as payment for a debt is entirely voluntary.

If you offer payment in Bitcoin to pay.. say your Utility bill... they can, legally, reject that payment. Most likely they will reject it, BTW.

Other than this one fact, there's not much difference at all.  Both currencies are based ENTIRELY upon faith... much as religion is.  There is no (zero) intrinsic "value" to either if them as they are both fiat (means: False) currencies which are based upon the sand of public opinion.
Bambinoe
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November 14, 2017, 08:40:26 AM
 #1937

The difference amongst others is Bitcoin is anonymous and digital form of transacting business but real money is identifiable and physical...

Shivan Dragon
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November 14, 2017, 08:43:51 AM
 #1938

Bitcoin is a sum of money stored in btc wallet while real money is made up of paper, silver or gold that can be stored in wallets, bags or banks. Majority of us uses money to buy what we wanted or pay bills. Real money is universal than bitcoin.

Alaissa Ganda
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November 14, 2017, 08:44:26 AM
 #1939

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?


For me there are three  major differences between the two if them because first the bitcoins are digital virtual or technological innovation which means it will be used in the future it will be much convenient and much modernize than cash. While cash on the other hand can be so hassle to bring a lot of it when we want to go out. The second one is the value of them, cash are more likely to be stable price even the time.pass by their price will still be like before but bitcoins price are not stable it can be worth millions or worth nothing. The third one is bitcoins are decentralized while cash are not.

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November 14, 2017, 08:46:25 AM
 #1940

The difference amongst others is Bitcoin is anonymous and digital form of transacting business but real money is identifiable and physical...
Yes bitcoin is anonymous that's why it needs more study before using it as a legal payment method because it can lead to illegal activities. Real money can be used anywhere on which is can be traceable than bitcoin.

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