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Author Topic: Difference between Bitcoin and real money?  (Read 114049 times)
TheKeyLongThumbI
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December 21, 2017, 07:34:31 AM
 #2421

Real money is infinite in supply so it's value just keeps decreasing everytime the government prints another millions unlike bitcoin that is only 21M.

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December 21, 2017, 08:50:48 AM
 #2422

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 just that fiat have an exact amount it is a sure thing but bitcoin have this fluctuating value that sometimes tends to be very high this one is a bit risky but there also a big profit once it's value become high when you cash out. And also in this bitcoin there is a privacy which is a great thing..

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December 21, 2017, 05:56:33 PM
 #2423

Clearly many differences between bitcoin and money, money can be used anywhere, whereas bitcoin can only use it online. Both are the same currency usually to buy goods.

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December 21, 2017, 06:32:47 PM
 #2424

In my own perspective I think the big difference between the bitcoin and real money is its monetary value.
The real money has fix value by itself wherein no matter what happen it will remain stable unlike in bitcoin as years goes by it increase the market value resulting to a instant investment.
hi and welcome to bitcoin Smiley

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 exist in a form as physical as Monopoly money. It’s electrons – not molecules.

thankyou Smiley
fastenprofit
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December 21, 2017, 06:45:02 PM
 #2425

Its a  great thing to write , the main different is tangible and intangible . Money is hard copy and Bitcoin is soft copy and Bitcoin is convert-able into money. 

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December 21, 2017, 06:59:13 PM
 #2426

When we transaction money in online its just a web base description but it is very authentic and reliable. As the same way Bitcoin is the king coin in cryptocurrency.

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December 21, 2017, 09:16:57 PM
 #2427

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 just that fiat have an exact amount it is a sure thing but bitcoin have this fluctuating value that sometimes tends to be very high this one is a bit risky but there also a big profit once it's value become high when you cash out. And also in this bitcoin there is a privacy which is a great thing..
If a currency has many fluctuation, it should not become a currency instead of a stock or asset for investment and speculation. With Bitcoin, become a speculator is very easy. You do not need to care anything because others said: "The price of Bitcoin always increases" Roll Eyes.
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December 21, 2017, 09:50:32 PM
 #2428

with the passage of time the difference will be less, but it will be a crypto currency in the current form or in a new form will show time

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December 21, 2017, 10:28:33 PM
 #2429

Money or cash in hand is treated as a current asset. Bitcoin can be  converted in 24 hours, so in the sense of value no difference between Bitcoin and real money.   

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December 21, 2017, 10:39:44 PM
 #2430

Bitcoin is an electronic currency which is fast, very secure, decentralized, and acceptable worldwide while real money (paper money) is made and controlled by the government and banks. Paper money has zero pravacy, very slow transaction and centralized.

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December 21, 2017, 11:00:37 PM
 #2431

There are many differences between bitcoin and real money bitcoin is mainly used online for exchange why money is generally acceptable either online or hand to hand exchange despite the fact that currency differs it easily convertible.

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December 22, 2017, 11:41:26 AM
 #2432

Bitcoins are an electronic form of money, while real money is tangible money. Bitcoins are rarely used in any country, because they believe that their money is safe, and they do not want to create a bank, because for this you need more faithful or paper work, you need if you want to create a bank account. Bitcoins is very useful in every transaction, because it does not need more paperwork than real money.
JoMarrah Iarim Dan
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December 22, 2017, 01:59:55 PM
 #2433


Quote
why would I convert money into Bitcoins?
We or you do not really need to convert your money into bitcoin because it very risky. I would like to give you some advice, just earn some bitcoin in here instead of converting your money. Me, I start in bitcoin from nothing and I did not put any of my money into bitcoin. But now, I have bitcoin I am investing my bitcoin because by investing I can earn much more profit.

Quote
What's the difference between Bitcoins and dolars?
Bitcoin is volatile, a digital currency that only exists in the computer while we can hold dollars. Dollar’s value will not change its price even though hundred years pass price but bitcoin price increases. 1 bitcoin before is just 2000 USD but now it is 15K USD.

For me bitcoin is my source of income to fulfil my needs and wants. Real money or fiat or cash is the thing that everybody needs now.

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December 22, 2017, 02:04:28 PM
 #2434

The main difference between Forex and bitkoyn is liquidity. The daily volume of foreign exchange transactions on the market is about $ 5 trillion, while the bit market is relatively young, and its volume is much lower - only $ 3 billion. In order for the price to remain stable, demand for bitkoyn should correspond to the level of inflation. Since the bitcoin market is small, prices rise and fall under the influence of insignificant volumes of exchange trades, creating a volatile trading environment.
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December 22, 2017, 02:07:34 PM
 #2435

When you use bitcoin you do not need an intermediary like using real money, and bitcoin transactions can be seen by people, while real money is not. The bitcoin security level is also much more sophisticated than real money.

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December 22, 2017, 03:13:23 PM
 #2436

The easiest difference between real money and bitcoin is its value, we all know that real money values remain and do not change while the bitcoin values are volatile, can rise or fall to thousands of times the present value.
Dread Pirate Roberts
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December 22, 2017, 03:19:02 PM
 #2437

The easiest difference between real money and bitcoin is its value, we all know that real money values remain and do not change while the bitcoin values are volatile, can rise or fall to thousands of times the present value.

seems like op didnt know what he said . bitcoin digital . real its real .
that clear and he still asking it.

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December 22, 2017, 03:24:26 PM
 #2438

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?

As far as I have already known Bitcoin, the main edge it has against real money is that it can be easily accessed through online preference and has the large possibility and capability of growing its price compared to real money which can just do rising in price for just a small percentage. Though real money has also the edge, people tend now to use Bitcoin and other types of cryptocurrencies because of what it can provide and same unique features compared to real money in a way that you can earn a profit even you are just holding your money in your account.
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December 22, 2017, 03:27:29 PM
 #2439

There are many differences of bitcoin and real money.. bitcoin you can use it online as alternative real money you can buy anytime there.. in bitcoins you should have too because many other will exchange it fast and instanly in our place.
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December 22, 2017, 06:03:36 PM
 #2440

I think the big difference between Bitcoin and real money, bitcoin has no fix value while the real money has.
The market value of bitcoin is always fluctuates in the market and depends on the demand of the public in their services unlike in real money no matter what happen its value remains stable.

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