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Author Topic: Difference between Bitcoin and real money?  (Read 112547 times)
anselchild
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November 21, 2017, 01:32:29 PM
 #2041

Bitcoin isnt real money,real money is real money ,bitcoin is cryptocurrency and real money is value,bitcoin is online cryptocurrency,real money is money which we can see in real world and bitcoin is cryptocurrency which we cant see in  real world and we cant touch him.Real money isnt anonymously and bitcoin is.
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November 21, 2017, 01:59:36 PM
 #2042

Both are currencies and their uses are the same. Bitcoin is a digital currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only shop or do something online. We can go around and do more things online. But with other local currencies, we can do more.

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November 21, 2017, 02:10:27 PM
 #2043

Both are currencies and their uses are the same. Bitcoin is a digital currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only shop or do something online. We can go around and do more things online. But with other local currencies, we can do more.
there is a big difference between bitcoin and real money, we can use bitcoin just in online shop and its provide for those who use bitcoin but real currency is use in everywhere for every person,

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November 21, 2017, 04:42:33 PM
 #2044

First of all BTC grows in price faster and better right now, but you cant use BTC if you are going in town to have a few drinks or you know. Its growing and soon I think there will be no difference between termins real money and Bitcoin or all in all cryptocurrency.

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November 21, 2017, 04:46:44 PM
 #2045

Both are currencies and their uses are the same. Bitcoin is a digital currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only shop or do something online. We can go around and do more things online. But with other local currencies, we can do more.
there is a big difference between bitcoin and real money, we can use bitcoin just in online shop and its provide for those who use bitcoin but real currency is use in everywhere for every person,

Yes we can only use bitcoin online as it is created for online use.  That is why it is called digital currency and all transactions are made online.  When there is no electricity and when there is no internet connection, there would be no bitcoin.  Unlike real money which do not need anything aside from itself.  

Agamilleen
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November 21, 2017, 05:01:22 PM
 #2046

The difference is quite large. Authorities have not yet learned how to monitor bitcoin transactions
Etherlevis128
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November 21, 2017, 05:17:26 PM
 #2047

The difference is quite large. Authorities have not yet learned how to monitor bitcoin transactions
Although most people in the world wouldn't agree that Bitcoin is real money I think you are right. Since it is possible to find a way to buy for Bitcoins almost everything it is a real money. The main difference is that Bitcoin is not so widely accepted as fiat, but I think that it is much easier to buy something in the USA for Bitcoins than for Russian Rubles for example, so in a way BTC is already better than most fiat currencies.

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November 22, 2017, 08:48:44 AM
 #2048

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.
Bitcoin price is high than any other currency in market and its transition are also fast than any other currency you can also learn a lot of things here as well as you can earn a lot of money here and paper money is only for to buy some things so bitcoin is better than paper money and still bitcoin is trying to advance its technology.

bukikbarisan
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November 22, 2017, 12:04:19 PM
 #2049

Both are equally currency. Bitcoin is a digital currency or other local currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only buy things online. We can do more things through online.

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November 22, 2017, 12:10:49 PM
 #2050

Both are currencies and their uses are the same. Bitcoin is a digital currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only shop or do something online. We can go around and do more things online. But with other local currencies, we can do more.
there is a big difference between bitcoin and real money, we can use bitcoin just in online shop and its provide for those who use bitcoin but real currency is use in everywhere for every person,

Yes we can only use bitcoin online as it is created for online use.  That is why it is called digital currency and all transactions are made online.  When there is no electricity and when there is no internet connection, there would be no bitcoin.  Unlike real money which do not need anything aside from itself.   
The difference is simple bitcoin is virtual currency and real money is real in practice, that is a physical money, we are using in our surroundings for purchasing and all. But bitcoin is digital money only for online purchases.

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James Messy
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November 22, 2017, 12:26:16 PM
 #2051

 “fiat currency” is any national currency decreed legal by the national government, but is intrinsically valueless money. Fiat currencies no longer represent gold deposits or other things of known market value. They are just the accepted pieces of national paper, printed by a private central bank and loaned to the national government, with interest.
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November 22, 2017, 12:28:13 PM
 #2052

The difference between bitcoin and real money is that real money can be stolen from you because a theft can see it but bitcoin is more secure because no one know how much you have in your pocket so it is more safe than real money.
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November 22, 2017, 12:30:42 PM
 #2053

All sorts of reasons ranging from pure curiosity to love of new technology to investment diversification. Bitcoin is used as currency to buy things and as a store of value, i.e., a place to house your savings with hopes of value appreciation or hedging against the depreciation of stocks or savings held in fiat currency. One example often used is that of Cyprus. Are you familiar with the country of Cyprus and it's severe monetary crisis from a few years back? It was so bad that the Cyprus government controlled how much money their citizens could take out of their banks. Think about that. That government telling you that you can't access your very own money! How scary is that? Bitcoin offers an alternative. No government (currently) can seize control of your bitcoin, this represents safety and security.
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November 23, 2017, 12:09:32 PM
 #2054

Many differences are between bitcoin and real money or fiat money.

Most basic is that real or fiat is controlled by government and bitcoin is decentralizes and such no one is controlling it that why government dont like bitcoin and bitcoin users or any crypto user.



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Protected101
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November 23, 2017, 12:44:16 PM
 #2055

Bitcoin has lots of differences,bitcoin was controlled by us and its value increasing higher as a market is in good terms.While real money controlled by government and we pay taxes on it,its value cannot increasing it has a stable price.We can use bitcoin as a payment method without any hassel to pay in any payment establishments.
hangar18
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November 23, 2017, 02:56:49 PM
 #2056

Many differences are between bitcoin and real money or fiat money.

Most basic is that real or fiat is controlled by government and bitcoin is decentralizes and such no one is controlling it that why government dont like bitcoin and bitcoin users or any crypto user.
Basic, Bitcoin is a crypto currency, it does not need to have the controller from someone or any force. It is a currency created for users and manage, protect system through user. More users, the system of Bitcoin has more power and not easy to attack by anyone. While, FIAT controlled by the government.

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November 23, 2017, 03:10:52 PM
 #2057

Many difference between Bitcoin and fiat. I'll mention some of them:

- Bitcoin works online, fiat works anywhere.
- Bitcoin have a limited supply, fiat is unlimited.
- You don't need regulation and papers to fill to use bitcoin.
- Bitcoin price is regulated by supply and offer, fiat price is regulated by banks and govs.
- Bitcoin transactions are faster and safer.
- ...

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November 23, 2017, 03:47:40 PM
 #2058

The difference between bitcoin and real money is that real money can be stolen from you because a theft can see it but bitcoin is more secure because no one know how much you have in your pocket so it is more safe than real money.
Another difference between Bitcoin and the real/flat money is its usage. Bitcoin is limited when it cones to payment while real money is can be use freely worldwide. On the other hand, Bitcoin is not controlled by the government and it is tax free; it is the big difference of Bitcoin with the real money.

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November 23, 2017, 04:11:47 PM
 #2059

For ordinary money to appear on the account in electronic form, they must first be physically deposited into the account, for example, through a bank or payment terminal. For ordinary currency, the electronic form is one of the forms of physical incarnation.
Bitcoin do not have physical incarnation and it's main difference.
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November 23, 2017, 04:19:44 PM
 #2060

bitcoin and money almost same..is like u have a bank account or mastercard..many online payment accept bitcoin..like a money tranfer..

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