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Author Topic: Difference between Bitcoin and real money?  (Read 110686 times)
sehanmaxx01
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November 19, 2017, 09:50:04 AM
 #2021

they can decrease the bitcoin and increase its value . And bitcoin price is too high compared to other currencies like the dollar big difference

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Goodsamaritan
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November 19, 2017, 09:53:58 AM
 #2022

The difference between bitcoin and real money also known as fiat money is that in bitcoin there are no requirement before you could have or earn one while in fiat money, you could have or earn some by asking to your parents, and working for if you can find a job. Bitcoin at the same time is an investment while in investing using fiat money, you would be required to have a lot of it and comply to the rules and papers set by the government.

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November 19, 2017, 10:00:31 AM
 #2023

The biggest difference between bitcoin trading and cash is that bitcoin trading, your information will be kept absolutely confidential, no one knows what you are trading and what value. While traditional currency exchanges, people can track what you are exchanging and from there tax your transactions.
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November 19, 2017, 11:43:28 AM
 #2024

Bitcoin is digital money, it exists and works thanks to the internet. You can hoard bitcoin in btc wallet and wait for high price, if you sell you will be huge profit. If you deposit money into a bank, your interest rate is very low. That's a big difference.

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meanwords
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November 19, 2017, 11:59:56 AM
 #2025

They are both currencies BUT! there's a huge difference between them,  well you can find them around the internet but i'll give you some. One is that "real" money is controlled by the government while "crypto" money which is Bitcoin is controlled by no one.  Next is you can buy necessities with real money while for Bitcoin,  it is only limited. Lastly, Bitcoin is kind of unstable. (This are base on my research, it might be fact or not.  You can do your own reseach if you want to know more).

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wisdomcn
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November 19, 2017, 01:02:01 PM
 #2026

Bitcoin right now is an approach to profit, and is the easy approach to accomplish the fantasy of getting rich, with low exertion, bitcoin can give anybody simple benefit just by hold a bitcoin. I dont know to what extent bitcoin can keep with those pumps and dumps, yet I know individuals are intrigued into volatilaty and potencial that bitcoin has. Fiat is the most utilized these days, and has not such potencial, for you profit at fiat you should hazard it at betting or forex trading.

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November 19, 2017, 01:56:20 PM
 #2027

The two are both cash however they vary from numerous points of view yet I just express a couple. BTC is decentralized, which implies that nobody is controlling BTC. BTC has mysterious exchanges, which implies you are unknown when you send bitcoins around the world. BTC is more secure since genuine cash could be take straightforwardly on your pocket by a criminal or financial balances by the person who controls your cash.
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November 19, 2017, 03:52:55 PM
 #2028

Bitcoin is digital currency and real money is fiat. In the future we could not use real money. All of us can used bitcoin instead because of our technologies. The advantage of bitcoin is anonymous and easy to use anytime. It has low fees other than real money and no taxes at all.

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November 19, 2017, 03:56:47 PM
 #2029

Bitcoin is a digital currency with no fixed price. The price fall down and increase depend on market value An online wallet required in order to use it. Not everyone accept the bitcoins also there's no control on it. On the other side real money also a currency we can buy anything we want with it everyone can accept it and all are aware about it there's no internet or anything required to control it.

eleah24
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November 19, 2017, 04:01:15 PM
 #2030

One of the difference of bitcoin and real money is that, real money is easily to disappear unlike that of bitcoin. Why? Because when people has lot's of money when they see something that attracts their eyes and sees it , they would always grab the oppurtunity to buy it especially when they have enough money. Unlike when you have bitcoin, since not all stores here are accepting bitcoin for payment, they would first exchange it for the certain currency, more time to consume and more time to think of buying certain things. unlike that of a money you would just give it to the cashier and then boom your cash are instantly disappearing and that's one of the difference of bitcoinfrom real money.

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K0korap
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November 19, 2017, 04:03:26 PM
 #2031

Paper money is still a bigger umbrella compared to Bitcoin. Actually, both are just currencies to which values flow from one person to another. The difference lies primarily on the scope of applicability.

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November 19, 2017, 04:04:35 PM
 #2032

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?

To me apart from charges and taxes, there are a lot restrictions and policies associated with most fiat currency transactions. So with BITCOIN, one experiences freedom

dancingnancy
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November 19, 2017, 04:08:21 PM
 #2033

Real money is recognize by the government and accepted everywhere because any person regardless of its status in life can use and easily transact money while bitcoin requires an internet to operate and only few people can use bitcoin than the people who can use real money.
Real money has more goodwill as it can easily be converted to other currencies as well. Bitcoin has a relatively small market share compared to to cash so cash has the upper hand when it comes to preferred payment methods. Bitcoin has less transaction fess too.

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sdas90
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November 20, 2017, 12:18:01 PM
 #2034

Bitcoin is digital currency and  is a cryptocurrency and Bitcoin value significantly increasing.  real money has physical existence  but bitcoin has no any physical existence. you can bitcoin compare with gold.

djgtr
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November 20, 2017, 12:34:06 PM
 #2035

Bitcoin is digital currency and  is a cryptocurrency and Bitcoin value significantly increasing.  real money has physical existence  but bitcoin has no any physical existence. you can bitcoin compare with gold.
Well tge difference of bitcoin and real money is the value bitcoin is really changing its value anytime anywhere and it is really a  great opportunity to gain as a great way of investment.while in reall money we cannot gain on it because it has a corresponding value and  it cannot be change because it is sailed by the government .maybe we can get a propit through buy and selling things with the use of real money but is is really hustle .

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BlockMedx
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November 20, 2017, 03:32:11 PM
 #2036

Bitcoin is more liquid!  It's actually an international and universal unit of exchange.  There is no currency conversion needed across borders, 1 BTC is 1 BTC everywhere.  So it actually has a great many benefits and features that "real" money just doesn't have.
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November 20, 2017, 03:41:55 PM
 #2037

Perhaps the biggest difference between money and bitcoin is the value..
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November 20, 2017, 03:48:46 PM
 #2038

It's very simple. The real money is issued by the government and circulated within the country. Bitcoin will only be in circulation if there is a demand for bitcoin on both sides, and it won't be able to buy anything unless you convert it into a currency
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November 20, 2017, 04:04:21 PM
 #2039

Their is a lot difference between real money and Bitcoin. First of all bitcoin is an electronic money and real money is physical money. You can easily convert bitcoin to any other currency in any where but in case of real money it is quite difficult. Bitcoin is not a world convertible currency because some country it declared as a illegal but in case of real money this thing not happen. Bitcoin user doesn't pay tax  but in the case of real money you have to pay tax. When real money transaction occurs a third party must interrupted in the transition but bitcoin transaction doesn't need any third person involvment.
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November 20, 2017, 04:38:32 PM
 #2040

Bitcoin is a digital currency while real money is a physical currency. Both are currency but there are some differences between two. With this said,these two also have their own disadvantages and advantages. Good thing about real money is you have the actual money. If there are things you want to buy immediately, you can just get money from your wallet. While in bitcoin,since it is a "digital currency", so you need to have withdraw real money first before getting a product.

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