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Author Topic: Difference between Bitcoin and real money?  (Read 114037 times)
MD Milon
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November 24, 2017, 06:23:25 AM
 #2081

Bitcoin is digital currency.bitcoin use online as real money.bitcoin send anywhere anyone through internet,but real money send anywhere its to difficult.

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November 24, 2017, 06:26:19 AM
 #2082

Right now, bitcoin is currently the one being used as an online currency to do transactions with other individuals even so with PayPal and such. The difference would be real money being more fluid as bitcoin since bitcoin is still on the verge of being known by most industries and companies. Real money would be preferable to most people as of now since if you imagine those people at the sidewalks on how they would be able to afford those technology to accept bitcoin. However, the world is innovating slowly and bitcoin would eventually be absorbed by the people.
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November 24, 2017, 06:37:22 AM
 #2083

Bitcoin now is not popular but as i can see and heard to others that in the near future it will become more Popular and many store will accept it because someday it will be use as center of transaction to buy goods.

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November 24, 2017, 06:46:42 AM
 #2084

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 main advantage of investing in bitcoins is it's fast-growing value. Not less important is bitcoin's P2P network that is a decentralized communication model which allows each party to function both as a client and a server without a third-party participation. In simple terms, you can do without banks.
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November 24, 2017, 06:54:46 AM
 #2085

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?

To escape from the traditional banking system.

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?

See above Smiley

If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?

Not sure here, but maybe Bitcoin because Bitcoin deposits are faster.

What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

Taxes depend on your country. You don't get more or less income with Bitcoin. You get freedom, faster transactions and a way to keep your money yourself, safely.

your money is much secured in bitcoin than in banks than can be subjected to bankruptcy, notably the decentralization of bitcoin is the game changer to this scheme that nobody controls bitcoin and your investment here earns much faster than your savings in banks plus your transactions and payments are relatively faster and wa cheaper than in banks you can do it anywhere and anytime.
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November 24, 2017, 07:44:23 AM
 #2086

Real money is accessible everywhere but bitcoin requires internet connectivity to use and its accessibility is limited and huge population unaware about bitcoin and crypto currencies. You can buy your everyday needs through cash any time but that is not possible through bitcoin.
the decentralization in bitcoin make a big difference , real / conventional money are regulated under government/certain institution . so your money are in the third party. bitcoin gives you discretion , a full access to your money , used globally and has no tax in it ( which it's still become a pros and cons ) .

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November 24, 2017, 07:54:57 AM
 #2087

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?

Bitcoins helps you to make transaction with very low fees. moreover, transferring huge sums of money is very beneficial with bitcoin. with bitcoin, you're your own bank and you will not have daily limits with fiat currencies. i love buying things with bitcoins, it makes be save some few bucks from charges.

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November 24, 2017, 07:59:17 AM
 #2088

Real money is accessible everywhere but bitcoin requires internet connectivity to use and its accessibility is limited and huge population unaware about bitcoin and crypto currencies. You can buy your everyday needs through cash any time but that is not possible through bitcoin.
the decentralization in bitcoin make a big difference , real / conventional money are regulated under government/certain institution . so your money are in the third party. bitcoin gives you discretion , a full access to your money , used globally and has no tax in it ( which it's still become a pros and cons ) .

Yes, that's true. especially when government devalues currencies, it tends to go down on our investments. to be in control is very great.

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November 24, 2017, 09:19:54 AM
 #2089

There are many differences between bitcoin and real money. Bitcoin is decentralized while real money back by the government. Bitcoin transactions are made over the internet and are public where your addresses are known whereas cash transactions are pretty much anonymous. It require fees to be paid to miners which is quite similar to taxes that we pay to the government, except taxes can be evaded quite easily compared to having a transaction registered in the blockchain without paying fees.
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November 24, 2017, 10:02:59 AM
 #2090

Real money is accessible everywhere but bitcoin requires internet connectivity to use and its accessibility is limited and huge population unaware about bitcoin and crypto currencies. You can buy your everyday needs through cash any time but that is not possible through bitcoin.
the decentralization in bitcoin make a big difference , real / conventional money are regulated under government/certain institution . so your money are in the third party. bitcoin gives you discretion , a full access to your money , used globally and has no tax in it ( which it's still become a pros and cons ) .

Yes, that's true. especially when government devalues currencies, it tends to go down on our investments. to be in control is very great.
Real money is not a good investment because it's subject for inflation.
You have to take this opportunity to invest with bitcoin because it can never be manipulated by the government and you will see that the market
is very big where every nation can use it and imagine how big the demand would be.

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November 24, 2017, 10:32:38 AM
 #2091

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?


It is true that money and bitcoin are both capable of using for transactions such as payment. But, the biggest difference between them is the value. The value of money changes as well but not as great as bitcoin. Both can be used for investments, however, the effectivity of investing is more stronger in bitcoin.

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November 24, 2017, 11:05:41 AM
 #2092

In my own opinion, bitcoin and real money are both transaction that can be used as a payment. The difference between both of them is bitcoin has more better value than real money, even it do not have a stable price bitcoin still better than real money. That's why many imvestors wants to invest in bitcoin.

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November 24, 2017, 01:36:24 PM
 #2093

In my own opinion, bitcoin and real money are both transaction that can be used as a payment. The difference between both of them is bitcoin has more better value than real money, even it do not have a stable price bitcoin still better than real money. That's why many imvestors wants to invest in bitcoin.
A lot of people are investing their money in bitcoin because they know the potential of making a lot of money and they know that bitcoin is still better than real money because of the features that we have in bitcoin. Bitcoin has a lot of possibilities and huge potential and it can be maxed out if we will adopt bitcoin and implement it in our system.

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November 24, 2017, 04:15:57 PM
 #2094

Yep. Sad Embarrassed Also through Bitcoin you can grow your money with regards of its price especially now that Bitcoin's price is continually increasing meaning that ever Bitcoin you have has a huge value of real money if you ever convert it. Tongue Kiss In addition, there is less questions asked and can transfer you money anytime and anywhere with no tax and less fee especially when you're sending money to abroad. Embarrassed Shocked
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November 24, 2017, 05:59:49 PM
 #2095

it's good choice for us to take dollar or bitcoin. bitcoin is a networking coin and we easily make it cash or dollar. in future cash doller do not entry in ultrasonic world. so try to make things different choice.

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November 24, 2017, 08:48:18 PM
 #2096

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?


It is true that money and bitcoin are both capable of using for transactions such as payment. But, the biggest difference between them is the value. The value of money changes as well but not as great as bitcoin. Both can be used for investments, however, the effectivity of investing is more stronger in bitcoin.
The value of FIAT can changes but it is depend on the economy of country more than the investors. Unlike FIAT, the price of cryptocurrency depend on the investors, as Gold is a rare asset, Bitcoin is also has high value by its limits supply and the nature of Bitcoin attracted a lot of investors interested.

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November 25, 2017, 10:50:29 PM
 #2097

Bitcoin is a electronic currency with no / very less transaction fee and its anonymous, no need to give you real name plus your personal information it have no fixed price. Most of people are not aware about bitcoin and not much popular. Internet and a computer must me required in order to access bitcoins.

On the other hand real money is also a currency but its local currencies and we use it to purchase things that we need everyone are aware about it most of people accept it rather than bitcoins. Its been there for ages and everyone accept it.
posternat
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November 25, 2017, 11:35:52 PM
 #2098

There's no use value of bitcoins alone in themselves. Peoples are interested to exchange it with fiat and Altcoins. Bitcoin is a currency and electronic version of paper checks but it is not considered as a mainstream currency as yet.

On the other hand money there's some term applied used by economists
1) Its Store Value
2) Medium of exchange.
3)Backup  (by gold in case of fiat)

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P60
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November 26, 2017, 02:14:11 AM
 #2099

Bitcoin is peer to peer electronic currency that is fast and decentralized. Bitcoin gives freedom to the people because government or bank that control bitcoin while the "real money" is issued and controlled by the government.
It is one of the difference of Bitcoin and real money. But aside from that, there are  a lot of differences between the two. One of these are, the value of money can increase high while the real money cannot, Bitcoin is tax free but real money has a tax to be payed and more.

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November 26, 2017, 03:36:55 AM
 #2100

Here's big difference between bitcoin and real money. If you invest your money, you can't earn profits as you invest in bitcoin. For the real world, you need the real money to buy daily needs. It's so different with bitcoin, bitcoin can give you more than profits, if the value is down you can buy some bitcoin, for earn some profits you can wait till the value increase that you can earn min 70% profits from them. Bitcoin and money are different but always side by side and have their respective roles.

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