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Author Topic: Difference between Bitcoin and real money?  (Read 114127 times)
dvabit
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November 15, 2017, 04:43:18 AM
 #1941

$ is physical money
bitcoin is p2p money
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November 15, 2017, 04:47:15 AM
 #1942

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, bitcoin has many advantage than real money. Bitcoin doesn't impose taxes, where real money has. Whenever you have a salary in real money there may be tax, on the otherhand, if you have a salary in form of bitcoin, they will not know, cause bitcoin is not taxable. Another thing is, there is no law abiding with bitcoin. Unlike in real money, there are laws abiding it, such as burning it, writing on it and others in which there are consequences when you disobey the rule.

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November 15, 2017, 04:59:51 AM
 #1943

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 and real money sometimes depends in your country. For me for example in the philippines bitcoin has no value if coins.ph is not valid here in the philippines.
Bitcoin rate sometimes is lower ,sometimes rate are high, our real money or philippine money is not changing its rate.

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November 15, 2017, 05:15:56 AM
 #1944

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, bitcoin has many advantage than real money. Bitcoin doesn't impose taxes, where real money has. Whenever you have a salary in real money there may be tax, on the otherhand, if you have a salary in form of bitcoin, they will not know, cause bitcoin is not taxable. Another thing is, there is no law abiding with bitcoin. Unlike in real money, there are laws abiding it, such as burning it, writing on it and others in which there are consequences when you disobey the rule.
Why not? Any system all has a rule and Bitcoin is also a system of cryptocurrency world, it used the blockchain technology and it affected by this technology. Why do we have double spending and the problem high transaction fees? You need to research more about the Bitcoin system before explain about it Wink
deviant99
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November 15, 2017, 05:32:04 AM
 #1945

Basically, bitcoin is a cryptocurrency where is a form of digital money that is designed to be secure and associated with the internet. And its different from real money we are using. Although it has the advantage on real money it doesn't mean that we rely on the bitcoin in foremost.

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November 15, 2017, 05:38:32 AM
 #1946

We can not touch, bitcoin, we can only see it on the electronic wallet,
The real money is different and we can handle and pay directly
Bitcoin can not be faked, and real money is possible
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November 15, 2017, 05:50:26 AM
 #1947

The difference of a bitcoin to a real money is you cant touch,hold and see a bitcoin.
Not like real money you can touch,hold and see it. But there is a similarity with these two.
Both of this has its own value.
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November 15, 2017, 06:05:43 AM
 #1948

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?

So that you can spend the bitcoins when you want to buy things that can be purchased with bitcoins?

Or, if you believe in the long term potential of Bitcoin, then so that you can increase your purchase power as the bitcoins are valued more?

Or, so that you can secure your money with a password and create a backup of your money?

Or, so that you can protect your money from the erosion of inflation caused by the excessive printing of more currency?

If I want to buy stocks or invest money I can easily invest with real $.

Bitcoin is real money.

Why would I convert my $ to bitcoins?

You already asked that.  I already answered it.


If I want to gamble , I can simply gamble on websites that require $ as currency,

If you want to gamble, you can simply gamble on websites that require bitcoins as a currency.  Why would you convert your bitcoins to $?

why would I convert it to bitcoins?

You've now asked that question 3 times.  I've answered it once.  Once is enough.

What's the difference between Bitcoins and dolars?

Here are just a few differences:
  • Bitcoins are an electronic form of money.  Dollars are a physical form of money made of linen.
  • Bitcoins are limited in quantity.  The Federal Reserve can create as many dollars as they want.
  • You can create a backup of your access to bitcoins.  You can't create a backup of your dollars.
  • You can secure your access to your bitcoins with a password and cryptography.  You can't encrypt your dollars.
  • It is much easier to store a large amount of bitcoins.  It can be difficult to securely store a large amount of dollars.
  • You can send bitcoins over the internet.  It is difficult and/or expensive to send dollars over significant distances.

What does bitcoin bring to the table that real $ don't, less taxes, more income?

Bitcoin IS real money.  You've now asked the same question 4 times.  I think you might have a problem with repetition.



Bitcoin is a digital currency. It can be used to purchase online products and services. Bitcoin is the future of mobile banking. Real money is fiat. It can be affected by inflation. Real money is then produced while bitcoin has its concrete number.

Waleed rose
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November 15, 2017, 06:55:01 AM
 #1949

The only difference between the Bitcoins and the real money is that we can touch the real money but the bitcoins is cryptocurrency which couldn't be touched but don't be worried because the Bitcoins is more safe then the real money and it could also be used for multi purposes just like cash if you want to have profit then keep hold on your Bitcoins and after sometime you will have earned much profit.
roy12875
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November 15, 2017, 06:59:17 AM
 #1950

the different is bitcoin will rise up very horrible><. real money like 1 dollar, it always only worth 1 dollar, never chcange>< Tongue Tongue

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November 15, 2017, 07:03:31 AM
 #1951

Bitcoin is virtual currency,real money easy to invest.real money has no transaction fees.but i like to prefer digital currency to make transactions.i like invest on bitcoin because bitcoin cost is very high.
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November 15, 2017, 07:19:44 AM
 #1952

The difference between bitcoin and real money first bitcoin is digital money, can be used mostly on the internet, and has high value than real money, it promote high privacy so it is anonymous and can not be traced, however less people know how to use bitcoin because it is not legalize by governments.

Casmania
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November 15, 2017, 07:40:03 AM
 #1953

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?

So that you can spend the bitcoins when you want to buy things that can be purchased with bitcoins?

Or, if you believe in the long term potential of Bitcoin, then so that you can increase your purchase power as the bitcoins are valued more?

Or, so that you can secure your money with a password and create a backup of your money?

Or, so that you can protect your money from the erosion of inflation caused by the excessive printing of more currency?

If I want to buy stocks or invest money I can easily invest with real $.

Bitcoin is real money.

Why would I convert my $ to bitcoins?

You already asked that.  I already answered it.


If I want to gamble , I can simply gamble on websites that require $ as currency,

If you want to gamble, you can simply gamble on websites that require bitcoins as a currency.  Why would you convert your bitcoins to $?

why would I convert it to bitcoins?

You've now asked that question 3 times.  I've answered it once.  Once is enough.

What's the difference between Bitcoins and dolars?

Here are just a few differences:
  • Bitcoins are an electronic form of money.  Dollars are a physical form of money made of linen.
  • Bitcoins are limited in quantity.  The Federal Reserve can create as many dollars as they want.
  • You can create a backup of your access to bitcoins.  You can't create a backup of your dollars.
  • You can secure your access to your bitcoins with a password and cryptography.  You can't encrypt your dollars.
  • It is much easier to store a large amount of bitcoins.  It can be difficult to securely store a large amount of dollars.
  • You can send bitcoins over the internet.  It is difficult and/or expensive to send dollars over significant distances.

What does bitcoin bring to the table that real $ don't, less taxes, more income?

Bitcoin IS real money.  You've now asked the same question 4 times.  I think you might have a problem with repetition.



Bitcoin is a digital currency. It can be used to purchase online products and services. Bitcoin is the future of mobile banking. Real money is fiat. It can be affected by inflation. Real money is then produced while bitcoin has its concrete number.

The difference of bitcoin and money is, you can hold money, you can use it on buying product to the malls or anywhere while Bitcoin is a money too, a money from the internet that you can use to buy things or product through online. Bitcoin is an online money that you can use to buy online product. Bitcoin right now is our future money.
BitCare
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November 15, 2017, 08:17:34 AM
 #1954

$ is physical money
bitcoin is p2p money

OMG, are you right? If you want to give me $ 2 in BTC, would you do this? How many fees will you pay?
How many operations per second can you do in dollars or with a your plastic card, and what about cryptocurrencies and Bitcoin?
Yanisumin
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November 15, 2017, 08:18:51 AM
 #1955

Bitcoin is decentralized while real money is centralized, from here it is clear that bitcoin can not be controlled so it goes up and down without anyone ever able to control. bitcoin is more suitable if it is said to be a commodity rather than a currency.
Don't give me that voice, when I'm reading comments about bitcoin being a commodity rather than a currency, my heart is aching because I don't have much BTC and only those people who are early here will have that, and will feel the price. Im hoping that people will view it more as a currency because that is how all of us will be benefited by its function. If we are going to be stuck in the mindset of "rather than a currency" then this aint the dreamed crypto that will replace the dollar soon. Sad.


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.

Yup and we all know that so stop comparing the technical aspects, how about its battle for survival versus real money, we are having transactions problems and some traffic in the chain. Some are turning into alts and if we're not going to fix these kind of problems soon then it's too early to be comparing it to real money. I'm a supporter of BTC and I will always will be, i know that its is more superior than fiats but as to the standpoint now. Were to early to make it as an official money, especially because of its price.

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November 15, 2017, 08:28:26 AM
 #1956

The most obvious difference between real money and bitcoin is its value, real money is always fixed because it can be fully controlled by the central bank, while the value of bitcoin is uncertain due to decentralization and depends on market and user needs.


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November 15, 2017, 09:02:03 AM
 #1957





               There is considerable difference between bitcoin and the real money. Bitcoin is a digital decentralized currency and has a maximum supply of coins only.But in the case of real money it is a centralized one and no need of internet connections for transactions. Bitcoins can be transferable internationally without the interference of a middle agency with a minimum service charge mean time the real money it takes time to transfer and taxable too.

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November 15, 2017, 09:15:44 AM
 #1958

Most of thing money can do, Bitcoin also can do. However, Bitcoin can't be controlled by anyone, Money is controlled by Government. The longer you hold Bitcoin, the more profit you get. Otherwise, the longer money you hold, the more value you lose by inflation.
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November 15, 2017, 09:44:52 AM
 #1959

in my opinion,the difference between Bitcoin and real money is the first in terms of form,Bitcoin is not in the form of coins or paper whereas real money is in the form of coins or papers.
And the second,Bitcoin is not in the real world but Bitcoin does exist in the digital world (internet),while real money is definitely there in the real world.
And the last,Bitcoin can be used online as a backup for real money that you can use anytime.

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rony01941
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November 15, 2017, 09:57:11 AM
 #1960

There is a huge difference between bitcoin and real coins. Such is the medium of transaction, bitcoin and investment medium. You can earn more bitcoin by investing in bitcoin. However, the amount of your money will increase ie that will be your profit. Therefore, bitcoin and real money can be one No. Bitcoin is just real financially free of online investment money and actual money.
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