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Author Topic: Difference between Bitcoin and real money?  (Read 113868 times)
BelieveInBTC
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December 16, 2017, 10:54:34 PM
 #2401

There are many differences between Bitcoin and real money. First of all, Bitcoin doesn't have any physical form. For me, it is more convenient to use Bitcoin. Bitcoin is decentralised and independent. No one can create fake bitcoins. Bitcoin is faster than wire transfers but its transactions fees have been increasing recently so I wouldn't recommend it for small, daily payments. This is the biggest flaw of BTC.

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Maxre
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December 16, 2017, 11:34:55 PM
 #2402

There are many differences between Bitcoin and real money. First of all, Bitcoin doesn't have any physical form. For me, it is more convenient to use Bitcoin. Bitcoin is decentralised and independent. No one can create fake bitcoins. Bitcoin is faster than wire transfers but its transactions fees have been increasing recently so I wouldn't recommend it for small, daily payments. This is the biggest flaw of BTC.

you really can not fake a different bitcoin with a lot of real money that can fake it.
and I will add your bitcoin can be broken into altcoin and can get multiple benefits.
while real money can only be for transactions in daily life.

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December 16, 2017, 11:37:48 PM
 #2403

main difference is that everybody hates real money and everyone loves bitcoin
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December 16, 2017, 11:44:30 PM
 #2404

Real money when you have it. You dont have to worry for tommorow's value while bitcoin when you have it. It will possibly go up or down. But in both currency we do  use it for everyday need. Specially bitcoin for today's price is pumping. Anyway bitcoin is digital so you can't actually hold it while in paper money you can store it in your literal wallet.

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December 17, 2017, 12:08:33 AM
 #2405

the difference is that bitcoin is real monies and the other is fake monopoly monies create to drain physical labours from workers world wide. bitcoin is real money in my perspectice at least this is the way i am looking at it, when compare to currency like united states dollars you cannot disagree with this
R21
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December 17, 2017, 01:02:34 AM
 #2406

Bitcoin and fiat money all is currency but difference is there bitcoin is a digital internet related currency you don't directly hand to hand deal with bitcoin, but now at present you can make any deal via bitcoin so fast and easily, and yes it's a free currency not by controlled any countries government in the world.

shouter
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December 17, 2017, 01:47:42 AM
 #2407

for me, in my understanding, real money is a currency that is used to make exchanges for  merchandise (it can also be digitized, that is, converted into Bitcoins or any other altcoin), that I do not trust because it is controlled by the government. Bitcoin (or any other altcoin) is also a currency, but digial, can also be used to trade goods (it can also be de-digitized, that is, converted into real money), which I have total confidence because it is not controlled by any government or any other entity or person. So far, the only difference that appears is trust, but there is another, which is the possibility of making a profit through its valorization.
lestariptr
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December 17, 2017, 01:56:36 AM
 #2408

I think there is a big difference between the two if the bitcoin digital currency he can only transact via online is different from real money he does not have to use the internet to transact

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December 17, 2017, 05:04:14 AM
 #2409

The difference between bitcoin and real money is Bitcoin is a virtual currency. It doesn’t exist in the kind of physical form that the currency & coin we’re used to exist in. It doesn't even use in daily buying of things.And bitcoin once you invest you earn here a good profit.

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donnie.darko
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December 17, 2017, 12:20:14 PM
 #2410

I think the difference is clear, bitcoin is the latest digital payment system and money is only fixed number but the value always down vs inflation always
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December 17, 2017, 10:15:47 PM
 #2411

There are several differences between bitcoin and the real money. Number one is bitcoin is digital while real money is tangible. They are both existing and you can see them but real money is the only one that is tangible or you can feel. Next is the price, price of bitcoin may vary because of several causes. It may go down and go up, but the question is when. While the real money is at its fixed. Another one is how you manage it. You can manage bitcoin through different digital wallets while real money is at your wallet in your pocket.
May be you are right through bitcoin we shop online only. While through real money we can shop offline. But i don’t think so. If being online is problem for bitcoin it isn’t a huge problem. Now days internet available every where. I think in this modern world every one is busy people preferred online shopping than offline. I think bitcoin is more bitter.

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Ethernel
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December 17, 2017, 10:19:41 PM
 #2412

The most important different between bitcoin and money is bitcoin is not being controlled by the government or any organizations in the world. This is the most basic information you need to learn in order to join the Bitcoin world. And, Bitcoin can be also used anonymously without being followed by anyone
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December 17, 2017, 10:27:58 PM
 #2413

When you invest in Bitcoin, you get much more, because his price grows at an incredible rate.
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December 18, 2017, 07:17:44 AM
 #2414

I think the difference between the real money and bitcoin is bitcoin have a yield interest which the cash does not have. The cash will remains its value no matter how long it takes, unlike bitcoin it will generate more income from its interest which will gives you a high ROI.

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December 19, 2017, 04:45:30 AM
 #2415

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.
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December 19, 2017, 05:16:57 AM
 #2416

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?


for me bitcoin is a type of money but money is A medium of exchange and A store of value and the bitcoin is You can acquire some and keep them, and they'll still be worth what they used to be (in the same way that a dollar is still worth a dollar, not that it'll still buy what a dollar used to.) That is to say, it's a store of value.
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December 20, 2017, 07:47:23 AM
 #2417

The basic difference of two is bitcoin can only spend online while fiat is can spend anywhere.
I like bitcoin as investment because of higher value and continuous increasing.
The value of electronic money is depending on the no if users and as the no of user increase the prices go up as the no of user get decreased the prices will decline and same happen with the ethereum and litecoin their user get increases in past but after the severe pump in prices of bitcoin now no one is going toward the alts and this is the beauty of bitcoin that it single handedly created the importance of electronic money.

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December 20, 2017, 05:08:15 PM
 #2418

I think the difference between the real money and bitcoin is the physical substance that it possess which the bitcoin does not have; but if there is one thing advantage that bitcoin has that will be the yield interest which the cash does not have. The cash will remains its value no matter how long it takes; unlike bitcoin it will generate more income since the value of bitcoin fluctuates up in the market at the same time compound itself as the years goes bye;  resulting to a high return on investment and high profit margin.

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December 20, 2017, 05:12:12 PM
 #2419

I think The Difference between Bitcoin and Real money just Physical and Digital asset

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December 20, 2017, 05:12:30 PM
 #2420

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