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Author Topic: Difference between Bitcoin and real money?  (Read 113868 times)
syntac
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December 30, 2017, 02:49:20 AM
 #2501

I think if you change your current money with bitcoin in the future the money you change will increase in value. Whereas if you just keep the money in the bank, the value of your money stagnant.
You can see the dollar and bitcoin difference just by looking at the current value, the dollar is more stable while the bitcoin continues to fluctuate.

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Lannie25
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January 02, 2018, 08:43:46 AM
 #2502

These two things are consider money in all commercial transaction. I think the big difference between the bitcoin and real money is the monetary value. Fiat money has a fix amount and will remain the same no matter what happens unlike in bitcoin every minute the market value is change so therefore in bitcoin you have a money and investment in just one currency.

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January 02, 2018, 08:59:22 AM
 #2503

You can use bitcoin in any transacting like accommodating to your favorite hotel, flight fares, restaurants and many more. You don't need to get your money from the bank.
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January 02, 2018, 09:07:51 AM
 #2504

Quote from: crst link=topic=1613310.msg16207247#msg16207247
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?


You should invest in bitcoin if you believe in it. If you don't then don't invest. Quite simple.

Bitcoin is a gamble, just like any investment. The question is do you want to gamble on bitcoin not with it.

There are numerous differences between dollars and bitcoin. Dollars are fiat money which is inflationary due to the banks printing as much of it as they like at any time they want. Bitcoin is the opposite and is fixed/deflationary, so there will only ever be a total of 21 million of them which is what gives it a lot of its value, hence why it is a potentially could investment if demand keeps growing whilst the supply falls.

I think if you change your current money with bitcoin in the future the money you change will increase in value. Whereas if you just keep the money in the bank, the value of your money stagnant.
You can see the dollar and bitcoin difference just by looking at the current value, the dollar is more stable while the bitcoin continues to fluctuate.

You actually lose money over time by merely just keeping it in a bank because of the falling interest rates and rising inflation. The price of everyday and luxury goods keeps on going up whilst wages usually stagnate or don't follow the rate of inflation, hence why you should look to invest your money and diversify your investments.
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January 02, 2018, 10:25:04 AM
 #2505

I think the difference between the two bitcoin currencies in the real money. Bitcoin is the best way to earn money for the expenses. but to my country is hard to get money if you are not educated you cannot get big payment to the work.

                   
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rodgelampis
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January 02, 2018, 10:41:47 AM
 #2506

Bitcoin is the best way to earn money for the expenses. but to my country is hard to get money if you are not educated you cannot get big payment to the work.I think the difference between the two bitcoin currencies in the real money is the bitcoin is easy to get in your wallet while in real money the more money on your pocket it is difficult to pick your real money
zebii memon
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January 02, 2018, 10:55:19 AM
 #2507

Bitcoin is the digital currency it is in software form means we cant touch it but it is save in our smart phones or other devices. Real money is in hard form means we touch and easy to purchase any thing through real money
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January 02, 2018, 11:06:29 AM
 #2508

Basic difference is that Bitcoin is a virtual currency, which means you can see it through a computer that is compose of numbers and has a value equivalent to its current market price just like stocks, but commonly considered as a digital commodity rather than a currency as it's not yet accepted to major establishments worldwide, stored in a digital wallet and you can't hold it physically. Where in real money, its value is fixed as per mandatory regulation of one country's central bank. Accepted everywhere you go, as long that you have converted it into a country's national currency. Either stored it in a bank or hold it yourself physically.
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January 02, 2018, 12:17:27 PM
 #2509

Decentralization and regulations, mainly. You could still use both for transactions and exchanges and such, but the former doesn't have something to control nor change how it should be delivered to the masses.

LilW7821
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January 02, 2018, 01:50:54 PM
 #2510

the difference between bitcoin and real money is that bitcoin is the digital currency who has no tax on it and are in the form as digital but on other hand money which is not a digital currency and can have tax on it
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January 02, 2018, 02:01:34 PM
 #2511

In my opinion, Real money are a currency that is controlled by the government, so more stable than bitcoin price. A Bitcoin is an uncontrolled currency, price is very volatile and this is too risky but Bitcoin good for future.
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January 02, 2018, 02:04:20 PM
 #2512

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?

Transforming money into bitcoin can be done with the aim of making more profit than just storing in the bank. Currently the bitcoin values ​​fluctuate, so if you want to play safe buy another stock, but not necessarily a bigger profit from bitcoin investment.
The difference between bitcoin and dollar can be seen from its value, and we can see from the flexible side offered by bitcoin which make it can be used as a tool of transactions between countries without government interference. We can also see the difference between the two of the form, if the dollar is physically like paper while bitcoin is only digital.

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January 02, 2018, 02:11:02 PM
 #2513

If we consider the issue on its merits, the things so that almost all that I get out of cash, it is real money. I can spend it in any place and at any time of the day. But if you take for example bitcoin, there where I dwell, for bitcoin practically nobody has heard, not to mention the fact that the stores took them as payment.
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January 02, 2018, 02:19:25 PM
 #2514

Both are currencies. Bitcoin is a digital currency and other local currencies we are using is normal currency with which we can purchase or do anything we need. As bitcoins is a digital currency, we can only shop or do anything only online. We can shop around and do more things online. But with other local currencies, we can do more / lot where we live.
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January 02, 2018, 07:10:02 PM
 #2515

The most important difference is real money is regulated by each country being bitcoin no one party can manage it. The price movement of bitcoin is determined by the market and its users while the current real money price movement refers only to the movement of the US Dollar currency.



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January 02, 2018, 08:03:05 PM
 #2516

Based on the information given; the real money consider the vital measurement and thing for exchange in all commercial transaction which is they consider it as the legal tender.
Its value will remains stable no matter what happens unlike in bitcoin its market value fluctuates in the market therefore there will be unexpected increase and decrease happen which is a great thing that once the price goes up there is a instant income occur.

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January 02, 2018, 08:14:33 PM
 #2517

The difference of bitcoin and real money is that bitcoin is a digital money and it can be only be used online and real money can be used anywhere. Also real money is known in every country and bitcoin is only considered and known by some people.
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January 02, 2018, 08:18:42 PM
 #2518

Bitcoin is a fast growing digital currency of peace while fiat is a stress currency of law.

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January 02, 2018, 08:22:48 PM
 #2519

Bitcoin has the advantage of being deflationary and immune to fraud. It is also a much better means of exchange across countries and continents.
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January 02, 2018, 08:46:32 PM
 #2520

These two things are consider money in all commercial transaction. I think the big difference between the bitcoin and real money is the monetary value. Fiat money has a fix amount and will remain the same no matter what happens unlike in bitcoin every minute the market value is change so therefore in bitcoin you have a money and investment in just one currency.
There are numerous differences between dollars and bitcoin. Dollars are fiat money which is inflationary due to the banks printing as much of it as they like at any time they want. Bitcoin is the opposite and is fixed/deflationary
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