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Author Topic: Difference between Bitcoin and real money?  (Read 110632 times)
roddy5
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December 08, 2017, 04:43:43 AM
 #2241

Bitcoin is a digitall asset and can be purchase online and prices are going up and getting expensive compared to fiat money that has no value at all it's just paper that exist in this world. i will choose gold rather than fiat money for transaction, but now we'ere speaking technology so Bitcoin is the real money making an asset of all transactions.

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White32
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December 08, 2017, 04:54:07 AM
 #2242

The difference between bitcoin and real money is that bitcoin has a huge currency while real money has a low currency when you exchange it.

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tanghere1
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December 08, 2017, 04:56:31 AM
 #2243

The difference is that the dollar is stable and bitcoin price vary on the supply and demands. If their is a shortage of supply bitcoin price will go high.

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bluegreen9
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December 08, 2017, 08:01:50 AM
 #2244

I also thought that the stock and bit coin are the same, but when you get information about the bit coin, you can see that it is a bit different. I can not say which is better. It depends on your judgment.
VladimirsV
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December 08, 2017, 08:20:32 AM
 #2245

Real money exists, you can touch it, you can do whatever you want with it.
However, it's almost unreal to stay anonymous when it comes to real cash. BTC, providing you anonymity.
gbolly1151
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December 08, 2017, 08:21:40 AM
 #2246

Bitcoin is electronic money while real money is a physical,you can feel and touch it.

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yourialfa
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December 08, 2017, 08:25:13 AM
 #2247

Bitcoin is not regulated or bound by the bank. While the real money associated with the bank and also set by the government. Bitcoin has not been set by the government and there is no legality yet. Bitcoin is also decentralized

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Majharul Saiif
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December 08, 2017, 08:27:43 AM
 #2248

 In my opinion,Bitcoin and real money are two difference topics. One is online based virtual money system and the other is cash money system which everybody can see and able to touch by hand.There are many difference here,I think,this reason is main difference between Bitcoin and real money.

jeffer8035
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December 08, 2017, 08:44:36 AM
 #2249

the first of many you can not print but you go to a bank and you have to ask for permission to get your money aside you have to give explanations of where you got it from there is a financial crisis you lose your money in bitcoin does not happen that you have to the time you want the amount you want and nobody asks you for explanations of anything
earnmoneyonl
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December 08, 2017, 09:02:30 AM
 #2250

Bitcoin is more and more popular now that is why it will be easy to buy share or stock by bitcoin in future while bitcoin price is stable.

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December 08, 2017, 09:12:20 AM
 #2251

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 converting your fiats into bitcoin, i must suggest that you should find some legit persons that selling bitcoin. But nowadays, Scammers are everywhere. We cannot define if the person we've transacted is legitimate or not. Some stores also like 7-11 here in the Philippines are accepting Bitcoin. You can easily cash in to your Bitcoin wallet without hesitation.

In converting your Bitcoin into fiats, You can sell your bitcoins if you want to. If necessary or in case of emergency.
Fiats are centralized and Cryptocurrencies are not. Always remember that Bitcoin is volatile. We cannot predict how long the rate will increase and decrease.

   
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Xiomara
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December 08, 2017, 09:30:37 AM
 #2252

Bitcoin is certainly popular but I'm not sure that everyone will suddenly start using it instead of fiat, especially my grandparents..  Roll Eyes
liivii
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December 08, 2017, 09:32:52 AM
 #2253

There are many difference between bitcoin and real money, first bitcoin is a virtual money and have a decentralised system and not all people knows because if you have no knowledge on computer you will not know it. While real money have a centralised system and passed through generation to generation, almost all the people in the world know it because money runs the world. If one is removed then the world will have a big problem and everyone will be in trouble because we got used to it in our everyday life.

LynielZbl
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December 08, 2017, 09:35:08 AM
 #2254

The difference of Bitcoin in real money? bitcoin is a kind of money that does not use paper. While fiat money uses paper to make it all profitable. And I also think Bitcoin is more secured than real money because bitcoin uses blockchain technology.

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CR7_JUNIOR
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December 08, 2017, 09:37:58 AM
 #2255

There is not abundant on their distinction as a result of bitcoin  is another variety of cash and it's virtual and act or real is simply physical. They will each facilitate u.s in having money freedom if we all know a way to manage those 2 and if you are sensible enough on a way to use it them you will generate lots of financial gain from it.
Gustafio
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December 08, 2017, 09:40:53 AM
 #2256

Several users has described the major difference that's the virtual usage. It cannot be used same as our fiat currency. It requires some basic understanding for using it as everything is linked to technology and internet. Real money is simple that even an uneducated man can use without difficulty.

coinholder51
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December 08, 2017, 10:10:57 AM
 #2257

firstly money is fiat currency and Bitcoin is crypto and digital currency.secondly the BTC is only present on the virtual world, real money is everywhere  Tongue
Bandon
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December 08, 2017, 10:12:47 AM
 #2258

Bitcoin is a peer-to-peer electronic payment system that operates as an independent currency. The constitution of Bitcoin is analysed by comparing the currency to each of these ideal types. It is argued that Bitcoin is commodity money without gold, fiat money without a state, and credit money without debt.
fredo123
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December 08, 2017, 10:17:28 AM
 #2259

Difference between bitcoin and real money, Bitcoins are only found in digital world, It has no form and symbolized as numbers, Bitcoins has no definite value, its characteristic fluctuates from time to time. It is highly volatile. Unlike fiat currency are found in real world and has its form composed of paper. It is usually used by merchants to exchange goods and services.

ab007
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December 08, 2017, 10:20:33 AM
 #2260

Bitcoin is a virtual currency that can be moved like money around the world quickly and anonymously without the need for a central authority.However, it has seen a stunning rally. Factors driving the rally include: political uncertainty making bitcoin a safe haven asset and recent legislation in Japan which allows retailers to accept bitcoin as a legal currency
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