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Author Topic: Difference between Bitcoin and real money?  (Read 114114 times)
Lingqingyi
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December 08, 2017, 11:46:56 AM
 #2261

I think bitcoin is better than real money, because bitcoin has value added space, but real money only depreciates, which is clearly not the result we want.

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December 08, 2017, 11:59:17 AM
 #2262

You will have to pay a transaction fee when you transfer to another account from your bank account. When transferring with Bitcoin, you do not have to pay for sending directly without interrupting anyone. It is not influenced by the economics of any country because it is not connected to the central bank of any country, so the fluctuations do not depend on any person or state.

You pay some small fee for sending bitcoin to another account or wallet, only exchanges pay fee greater some even 0.002 per transaction, but beauty is that you dont have to give any details. While sending money you need lot of paper plus they take you commission of 1 percentage or little less, this is ok when you send few hundreds but when you send millions this is something else.



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jakoylantern
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December 08, 2017, 12:27:36 PM
 #2263

For me, the difference between bitcoin and real money is through physical appearance and acceptance. Yes, bitcoin and real money have the same use, but the recognition of it has a huge difference. Real money is much acceptable than bitcoin; you can use the actual money in any store, company, and establishment. But the bitcoin is not fair because it’s a digital currency that needs an internet to process. Smiley
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December 08, 2017, 01:25:34 PM
 #2264

In some ways, Bitcoin differs from conventional currency. For example one of them is, Bitcoin is digital, quite different from real currency in the form real. The circulation of Bitcoin is not regulated by the central bank, while the real currency is set by the central bank. If you ask me why should you convert your real money to bitcoin? If I think bitcoin is the best digital currency right now, because its explosive value makes many investors use bitcoin for investment, and that's very profitable.
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December 08, 2017, 01:35:00 PM
 #2265

For me, the difference between bitcoin and real money is through physical appearance and acceptance. Yes, bitcoin and real money have the same use, but the recognition of it has a huge difference. Real money is much acceptable than bitcoin; you can use the actual money in any store, company, and establishment. But the bitcoin is not fair because it’s a digital currency that needs an internet to process. Smiley
Yes exactly that is the difference, real money is a physical one that is used by the people in daily life for all the purchases. Bitcoin is also a currency but not a physical one it's like a virtual money.bitcoin is a digital currency used in online for shopping, investment etc

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December 08, 2017, 01:36:09 PM
 #2266

Bitcoin is a digital currency and it is used online transactions and is very volatile while that of real money is a local currency that can be used both online and in stores around us, it is also physical and acceptable.


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congtuan001122asd
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December 08, 2017, 01:37:41 PM
 #2267

I know bitcoin in a short time, I have little knowledge about bitcoin. So I just figured out bitcoin by joining the signature campaign. I expect I will know many ways to earn bitcoin on this forum.

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December 08, 2017, 01:41:29 PM
 #2268

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?

Bitcoin and real money. There are many differences with each. But the biggest difference is that, bitcoin is digital money and it is run through the use of internet. While real money is operated in real physical world. Also it is easier to earn bitcoin than real money.

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December 08, 2017, 01:45:57 PM
 #2269

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?

Real money are registered on bank and has regulations that are needed to be followed unlike on bitcoins there is no such things you can do anything you want. If you want to gamble the amount is only limited but in bitcoins if you won there is a possibility that it will increase as double as much of its price.

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December 08, 2017, 01:48:00 PM
 #2270

The difference between bitcoin and real money in my own opinion bitcoin can we use as a digital money to buy something product online and also bitcoin is one of the online currency that we can use it to negotiate online shop or else. While the real money can we physically touch as a medium of exchange to buy something like foods, clothes and etc. So real money is better than bitcoin when it comes to buying goods in store or something places that real money is only valid as a payment.

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December 08, 2017, 01:51:12 PM
 #2271

Bitcoin is another real money because bitcoin is a virtual asset but worth as real money. Bitcoin makes trading safer by its anonymity. Bitcoin storage is a lot simpler than real money hosting.
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December 08, 2017, 01:56:21 PM
 #2272

This article explains exactly those differences: https://www.tokens24.com/wiki/bitcoin-faq/
I suppose advantages are quite clear after this  Smiley
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December 08, 2017, 02:02:43 PM
 #2273

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.

Well I agree with that and in my own opinion I think paper money is used for a faster.way of transaction like buying goods, you dont have to convert it, open wifi something like that, and I think bitcoin is for investing having bigger and improving amount of profit. Their difference depends on the situation.

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December 08, 2017, 02:05:47 PM
 #2274

Bitcoin has a big value and it's getting higher everyday. You can convert this digital money into real money that has a high currency. Real money has a different value in every country. Our individual currency has a big role in our life becuase that's we use to but anything what we want. The two money is important in our lives.

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December 08, 2017, 02:07:58 PM
 #2275

Difference with Bitcoin and real money is tha Bitcoin can go up immensely in just one day, even in a few hours, while real money takes a long time for inflation and deflation. Also bitcoin is not accounted as real money untill you exchange it into real money, only then the IRS can ask for some of that money as a form of tax. Or you can evade that by exchanging the bitcoin in an entirely different country, use the evaded tax money for the vacation and then some.
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December 08, 2017, 02:09:32 PM
 #2276

bitcoin I think is different from fiat money because bitcoin has advantages compared to fiat money, bitcoin function is actually equal to money, for tool of payment, but bitcoin is used only in online, this my opinion maybe others have different opinion about bitcoin.
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December 08, 2017, 02:14:48 PM
 #2277

Bitcoin is like share of stock that you can't hold in your hand while real money can be counted in your hand. And in bitcoin we earn more interest than the real money.


Bitcoin is an asset, you buy it and in time it gave you profit by it's quick changing of price. bitcoin may be in hold by the user but I think it is not considered as a stock since stock and save are different words. And interest rate only comes in your money when they borrow money from you, I think if you are using bitcoin to be loaned by other people it will work like that, if not, I think you are mistaken.
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December 08, 2017, 02:25:29 PM
 #2278

You're being wrong, skeptical to bitcoin i mean.
Why you would convert your money to bitcoin? Of course because your money won't be anything bigger, while if you invest your money to bitcoin, soon you'll already feel the profits from the price increases.
If you want to buy normal stock, then just use your real money. But for me, bitcoin is also a great investment, not lose with the stocks out there.
You can also gamble with everything, just a matter of choice. So actually it's your choices what you want to do, use dollar or bitcoin.

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December 08, 2017, 02:29:33 PM
 #2279

The difference is many, in terms of different forms. Real money has a physical form, while bitcoin does not. Real money if you bring a lot of it will be hassles, but not with bitcoin, he is so practical.

And most importantly, real money is taxed, whereas bitcoin does not.

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December 08, 2017, 02:31:30 PM
 #2280

the difference is so simple, one is used everywhere and the other is not real and is not accepted everywhere: D
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