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Author Topic: Difference between Bitcoin and real money?  (Read 110633 times)
Mastsetad
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November 10, 2016, 05:38:15 PM
 #201

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?


Have no experience with stocks etc, but can surely say that bitcoin is way faster than dollars to be transacted, that is a big reason why people use it for gambling and many other purposes, and some people also gamble with bitcoins as in bitcoin gambling you wont need any original identity revealed.
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November 10, 2016, 05:39:42 PM
 #202

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.
Did you hear the recent India news, they banned their 2 top value currency notes. This situation must be worst than any probable hiccup on an electronic payment network. So, real money is not much ideal one for all the times.

Any disaster may collapse almost everything, so electronic payments will not be an exception. I want my wealth not controlled by any others especially by governments, then bitcoin must be a right solution because fiats may face problems at any time.

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November 10, 2016, 06:22:22 PM
 #203

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.
Did you hear the recent India news, they banned their 2 top value currency notes. This situation must be worst than any probable hiccup on an electronic payment network. So, real money is not much ideal one for all the times.

Any disaster may collapse almost everything, so electronic payments will not be an exception. I want my wealth not controlled by any others especially by governments, then bitcoin must be a right solution because fiats may face problems at any time.

Cash, though in what format are, still considered the property of the state. You just use them. Therefore it is better to buy gold or invest in jewelry and nobody will see and seek to give a part.
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November 14, 2016, 05:09:07 PM
 #204

Real money is issued,printed and controlled by government of respective country and government impose tax on it and we can't use currency of one nation to other nation . But bitcoin is completely different because it is neither printed nor issued by central government. It doesn't have taxes either so what else difference you want. The best form of money I like it
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November 14, 2016, 07:39:33 PM
 #205

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.
in one sense they are same as bitcoin is also a currency like fiat currency which can be use for shopping and all other purposes for which fiat can be use, and in other the difference is that bitcoin is virtual currency where as fiat is physical currency, bitcoin is decentralize universal currency where as fiat belong to particular area.
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November 14, 2016, 08:15:30 PM
 #206

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.
in one sense they are same as bitcoin is also a currency like fiat currency which can be use for shopping and all other purposes for which fiat can be use, and in other the difference is that bitcoin is virtual currency where as fiat is physical currency, bitcoin is decentralize universal currency where as fiat belong to particular area.
yes in fact bitcoin is not a centralize currency and having equal value in all over the world you will not feel the need to convert it first in to local currency and then use it for shopping or for any other purpose.


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November 16, 2016, 03:39:18 AM
 #207

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.
in one sense they are same as bitcoin is also a currency like fiat currency which can be use for shopping and all other purposes for which fiat can be use, and in other the difference is that bitcoin is virtual currency where as fiat is physical currency, bitcoin is decentralize universal currency where as fiat belong to particular area.
yes in fact bitcoin is not a centralize currency and having equal value in all over the world you will not feel the need to convert it first in to local currency and then use it for shopping or for any other purpose.

Definitely. Having equal value in all over the world is the main difference of bitcoin and real money. Aside from physical difference, the value of bitcoin and real money matters most to me. Also its efficiency in making transactions matters. In a sense that Bitcoin can be accepted from country to country without changing it's value. Unlike fiat, for instance, if i am in other country, I have to convert my money first and its value changes.
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November 16, 2016, 04:30:39 AM
 #208

Bitcoin is digital form and our real money has got physical form which is the major difference after the decentralization. Other than this due to the growth and continued usage and adoption bitcoin is getting used almost similar to real money. In future decentralization might be the only difference we feel because when acceptance increase it might get physical form.

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November 16, 2016, 07:03:49 AM
 #209

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.
Did you hear the recent India news, they banned their 2 top value currency notes. This situation must be worst than any probable hiccup on an electronic payment network. So, real money is not much ideal one for all the times.

Any disaster may collapse almost everything, so electronic payments will not be an exception. I want my wealth not controlled by any others especially by governments, then bitcoin must be a right solution because fiats may face problems at any time.

Cash, though in what format are, still considered the property of the state. You just use them. Therefore it is better to buy gold or invest in jewelry and nobody will see and seek to give a part.

I don't know about cash be considered property of the state...

For sure cash(paper money) can be easily and don't depend of internet/electricity however the economy of a country can crash and the money lost their value and since bitcoin is something global and people use it to be safe of this things, it's a good way to save your money.

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November 16, 2016, 01:21:01 PM
 #210

The only difference that i see is bitcoin is digital currency that we can  only spend in online and without real or physical coin, while real money or fiat can be used any where and it has physical.

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November 16, 2016, 01:24:16 PM
 #211

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

Huh

If you meant paper, not "page", I'll have you know that a majority of wealth that is transferred in USD is transferred and kept electronically, in slips. Cash is becoming more and more obsolete. Bitcoin IS real money, like it or not. The USD is not, it is merely a debt slip. So sick of having to explain such a simple concept in 2016.

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November 16, 2016, 01:30:12 PM
 #212

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?

in bitcoin we can hold unlimited amount of money but in real money we need to pay tax to hold much money .
so we have freedom in bitcoin to use own money but in real money we have not much freedom .


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November 16, 2016, 01:43:33 PM
 #213

They are  both  currency and a  money  but  they do  differ on many ways.  These two things separated on two different world which is  physical world and  online  world.  Bitcoins is a  digital currency which is  decentralized and  cant be able to control or manipulate  by  government and    cant able to impose tax on it  unlike on  fiat currency which  most  people do use  already  because its been  backed or  control  by government.

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November 16, 2016, 01:52:37 PM
 #214

The difference to me is actually that of two parallel lines that cannot meet although they have convergence which is acceptance as payment of goods and services. Back to the differences for Bitcoin its goes across borders and its the same all over the world compared to FIAT which have to be exchange with another currency and sometimes could be really tasking in a case where my FIAT cannot be exchanged directly to the country I want to transact with which means I have to first convert to dollars before converting to the required currency, this bottleneck is completely eradicated with Bitcoin.

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November 16, 2016, 02:42:15 PM
 #215

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.

Bitcoins is a digital currency. Before you can use it, you need internet connections that allows you to open your electronic wallet, although botcoins is now accepted by many people first problem you will encounter was when there is no connevtion in that place. While if you have physical money in your pocket, nothing to worry about. You can use it anytime and anywhere.
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November 16, 2016, 05:42:52 PM
 #216

Lot of difference is there between  bitcoin and real money .
Just the name is money but bitcoin is actually a form of digital asset. It is just a set of numbers stored in computer. Whereas real money are printed and are issued my central government and they impose taxes on money but bitcoin is completely different from real money.
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November 16, 2016, 05:51:40 PM
 #217

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.

Bitcoins is a digital currency. Before you can use it, you need internet connections that allows you to open your electronic wallet, although botcoins is now accepted by many people first problem you will encounter was when there is no connevtion in that place. While if you have physical money in your pocket, nothing to worry about. You can use it anytime and anywhere.
Money is physical money and bitcoin is online money they different because we can not touch bitcoin unlike physical money..
For now there is no stores here in my country are accepting bitcoin so i will stay collecting it bitcoin and save.. and someday we can be the same as brazil..

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berserkinterbuy
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November 16, 2016, 06:42:16 PM
 #218

If you answer honestly, I will say that the real money to me really real and accessible, unlike bitcoin. I can make real money everywhere, and the Internet and the real work. But bitcoin is not just a currency, and a little-known currency that moves very slowly.
darklus123
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November 16, 2016, 07:07:02 PM
 #219

Bitcoin is bitcoin, a real money(fiat) is a real money(fiat) and from that you can easily identify their difference. Choose bitcoin if you wan't to go far from the traditional way of payment(eg. easier transactions especially when it do involves outside the country, Decentralization, A potential global currency). Then try to differentiate those to the traditional currency features that we currently have.


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November 16, 2016, 09:18:52 PM
 #220

Bitcoin is bitcoin, a real money(fiat) is a real money(fiat) and from that you can easily identify their difference. Choose bitcoin if you wan't to go far from the traditional way of payment(eg. easier transactions especially when it do involves outside the country, Decentralization, A potential global currency). Then try to differentiate those to the traditional currency features that we currently have.

Conceptually, there is hardly any difference between Bitcoin and what the OP calls "real money". Money is what money does. Therefore, if Bitcoin is used as a means of payment for goods of services (the basic and most important function of money), it is money. For example, signature campaign owners pay signature campaign participants with bitcoins for advertising their goods and services. In this case, the owners exchange bitcoins for the service they receive, while campaign enrollees got paid with bitcoins for their posting. The main difference is that Bitcoin is primarily used as a financial asset for speculation, not as a means of payment...

But it is only a quantitative difference since "real monies" are also used as financial assets for speculation

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