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Author Topic: Difference between Bitcoin and real money?  (Read 114048 times)
Jigsawman082076
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November 30, 2017, 06:13:05 AM
 #2181

Difference between bitcoin and real money is that you can transfer large amount of money for a small fee using bitcoin to any part in the world without being traced and without tax of course. Compared to using real money you will be easily traced if you will transfer large amount of money and of course it will cost you much higher tax.

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November 30, 2017, 06:36:44 AM
 #2182

The most obvious difference between bitcoin and real money is that it can be controlled or not, real money is easily controlled by the central bank while bitcoin can not be controlled because it is decentralized.

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November 30, 2017, 06:39:13 AM
 #2183

I think you have understood wrong this problem, money and bitcoin are two  different things  and have completely  different values, money is
 money  and  bitcoin is  bitcoin, bitcoin can  not be money. That is why the bitcoin  was born and that is why there are  different currencies
like USD, Euro, ..

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November 30, 2017, 06:42:14 AM
 #2184

Real money goes through a lot of process to be called as such. It has security feautures to know its authenticity and it can be used om a daily basis since its supply is stable and is replenished to sustain the inflation. Bitcoins on the other are very much secured like money because of blockchain technology. It doesn't have a much stable price compared to real money. Bitcoins are decentralized too meaning there are no banks involved with Bitcoins.

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November 30, 2017, 06:49:57 AM
 #2185

The most obvious difference between bitcoin and real money is that it can be controlled or not, real money is easily controlled by the central bank while bitcoin can not be controlled because it is decentralized.
Some countries makes restricted regulation of money, there is limitations about how much money that you can withdrawls per month or how much money that you can send to another country. Bitcoin is the real freedom for us, its so much better than real money.







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November 30, 2017, 12:27:59 PM
 #2186

The most obvious difference between bitcoin and real money is that it can be controlled or not, real money is easily controlled by the central bank while bitcoin can not be controlled because it is decentralized.
Some countries makes restricted regulation of money, there is limitations about how much money that you can withdrawls per month or how much money that you can send to another country. Bitcoin is the real freedom for us, its so much better than real money.

This is true about limitation. In my country we are limited to daily bases of 2500 euros per day only companies can take more.
Bitcoin is something else you can withdrawal how much you want when ever you want.



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November 30, 2017, 12:37:39 PM
 #2187

The thing that many countries are afraid of is bitcoin using decentralized systems, everyone is free to own and use so that prices are uncertain, can go up and down hundreds of percent in a month, while real money is the official currency of a fully protected and controlled state.

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December 01, 2017, 05:19:42 AM
 #2188

But I think bitcoin it's not pay system now. Only a few pay systems can take a real money, which costs for bitcoin. Its not important for economic. Only hype:)
here are a lot of diffrence between these two mode of payments but the most important diffrences are bitcoin is controled by the user but real money is controled by banks not by users. government can take actions on real money but bitcoin is same in all the times nothing will change it
Apart from it bitcoin has a lot of the benefits, bitcoin is the currency that will give you the safe and the secure future as well as bitcoin will make you earn a lot of the money, now a lot of the investors are investing in the bitcoin to have the profit, as you said bitcoin can be use as the source of the income so bitcoin is the side income as joining the signature campaign and we can earn with the bitcoin even along wi8th the regular job.
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December 01, 2017, 12:14:42 PM
 #2189

If you only have real money, they will simply remain the same, and they won't grow. But if you transfer them into bitcoins, it will gradually grow, giving you a good profit. You can use the tax for free for your income in bitcoin, if it isn't regulated in your country. You can send huge amounts of money through bitcoin to anywhere in the world instantly with low commissions.
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December 02, 2017, 07:54:26 PM
 #2190

If you only have real money, they will simply remain the same, and they won't grow. But if you transfer them into bitcoins, it will gradually grow, giving you a good profit. You can use the tax for free for your income in bitcoin, if it isn't regulated in your country. You can send huge amounts of money through bitcoin to anywhere in the world instantly with low commissions.

Bitcoin is not the good way to make money easy as your said, you are mistaken this currency as an asset for saving money or investing but always provide profit. You do not warn others the risk of this currency because it is an investment form. As long as it can calls is an investment form, it is not safe.


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December 03, 2017, 09:22:07 PM
 #2191

Well, the most important thing is its decentralization and the absence of controlled emissions. No state can take it under control. Till...

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December 04, 2017, 01:59:34 AM
 #2192

If you only have real money, they will simply remain the same, and they won't grow. But if you transfer them into bitcoins, it will gradually grow, giving you a good profit. You can use the tax for free for your income in bitcoin, if it isn't regulated in your country. You can send huge amounts of money through bitcoin to anywhere in the world instantly with low commissions.

Bitcoin is not the good way to make money easy as your said, you are mistaken this currency as an asset for saving money or investing but always provide profit. You do not warn others the risk of this currency because it is an investment form. As long as it can calls is an investment form, it is not safe.
We can choose whatever we want with our bitcoin and those people who are willing to take the risk should invest with bitcoin because it's already proven to be one of the best investment, it's new and that means there are still more rooms for progress, if we are willing to hold longer then I guess buying bitcoin even now is a good idea.

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December 04, 2017, 02:20:40 AM
 #2193

There are big differences between real money and Bitcoin. For one, real money depreciates. That is very basic. We all know that. Bitcoin on the other hand, appreciates. You should know that. What your real money can buy today will not be bought with the same amount of real money 5 years from now. Bitcoin's case is different. If your 1 Bitcoin today can buy you a simple and old car, years from now, this 1 Bitcoin will give you a Lamborghini and a house and lot. 


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odakorlina
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December 04, 2017, 02:54:32 AM
 #2194

There are big differences between Bitcoin and real money. Real money is controlled by the government of respective country and have to pay the tax and Bitcoin is a cryptocurrency and doesn't pay tax. Good thing about real money if there are things you want to buy immediately you can just get money from your wallet. While Bitcoin transactions are made over the internet and are public where your addresses are known whereas cash transactions are pretty much anonymous.

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December 04, 2017, 03:28:50 AM
 #2195

I think it is wrong to compare bitcoin with real money because bitcoin is very useful for online services while cash is useful for everyday needs.

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December 04, 2017, 03:36:31 AM
 #2196

In my opinion the main Difference of Bitcoin and real money is Bitcoin has limited supply and real money has unlimited supply, government can produce money whenever they want thus makes it unlimited and makes the price of money lesser, another difference is that Bitcoin can be use less hassle in some transactions because you can always do it online unlike real money.

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December 04, 2017, 03:42:08 AM
 #2197

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 difference I see here is the price. A bitcoins costs roughly $11000 where as a dollar costs $1. It would only be wise for some investors to convert their dollars to Bitcoins because bitcoin's price increases everyday, thus allowing their money to grow without effort. Conventional use, however, that's Dollar win against Bitcoins since there are more people supporting dollars rather than bitcoins.

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December 04, 2017, 03:48:33 AM
 #2198

For me as a newbie the basic knowledge i have with regards of the difference between bitcoin and real money is: Real money are in the form of coins or papers that you can see,touch and smell. While bitcoin you can only see it while you have internet and it is so called cryptocurrency. In terms of using them in transaction bitcoin is more hustle free, more faster and convinient compared in real money.

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December 04, 2017, 03:51:33 AM
 #2199

Welcome to Bitcoin and to the Forum!

The questions you're asking are great ones. However, they're also questions that you can find answers to REALLY easily on this forum or Google. I'd encourage you to do some reading here and then come up with some more specific questions.

I can help get you started with some simple answers.

Why would I invest in bitcoin? 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.

What's the difference between bitcoin and dollars? Bitcoin isn't regulated by any government. It isn't created "out of thin air" as fiat currency is. There will only ever be a finite amount of bitcoin, which controls it's value. Once all bitcoin is mined there will be 21 million in existence, that's it. No one can ever create more (as is done every year with fiat currency). When fiat currency is created by central banks they reduce the value of the existing currency in the market, which results in inflation of prices. This is why the price of every day things (that haven't changed in 50 years, like groceries or utilities) have gone up in price over time. There's a lot of other differences, but it's better for you to read up on them.

Why would I gamble with bitcoin? I don't, but if you want to you can gamble for significantly smaller portions of money (like cents as opposed to dollars or tens of dollars). And you can do it from the convenience of your computer.

Here are a few links for you to explore:

Feel free to respond with other questions. I think you'll get better response if you educate yourself a bit first and then come back with more specific questions.

Have you bought any bitcoin yet? Do you have a wallet yet? (If you don't, PM me and I'll set you up and give you some bitcoin)

Good luck to you!

I totally agree with all of these. After all, Bitcoin is also considered as real money. It just happened that it is an electric money while the dollar is a money made of paper. Well dollars, or any other paper currency has value controlled by the stock market. Any change or incidence in specific country can make a wave in the value of these paper money. It can be easily controlled by the government making it hard to really trust to invest in a stock market. Greedy people in the government may possibly create something that may effect to sudden change (depreciate) the value of real money. I don't say it is hundred percent safe to invest in bitcoin but the security of this is much more trustworthy that the real ones.

       
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December 04, 2017, 03:56:00 AM
 #2200

The differences between bitcoin and real money is that bitcoin is a digital money, can use on internet, and do transactions directly to person you need to tranfer without through banks, but it is not as popular compared to real money.

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