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Author Topic: Difference between Bitcoin and real money?  (Read 113866 times)
adadaorlina
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January 06, 2018, 02:08:07 AM
 #2541

I would say that bitcoin and fiat are almost the same since they both have value in the market and can be used as a payment into other obligations. We see bitcoin is slowly being accepted worldwide and I can see future that this digital will be a mainstream currency as well. I'm still hoping in the near future there will be more merchants that is going to accept bitcoin.

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January 06, 2018, 02:19:32 AM
 #2542

Bitcoin is a decentralized currency system unlike any fiat money. No one controls it and I do think investing in bitcoin is better than real money. The value of bitcoin is continuously fluctuating but if we look on its demand curve from 2011, its value is just rising so buying bitcoin and hold it as long as possible would be a really good idea.

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January 06, 2018, 02:52:02 AM
 #2543

The difference between bitcoin and real money is that one is a virtual currency, one currency for offline transactions.
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January 06, 2018, 03:09:32 AM
 #2544

For me bitcoin is like a money you been timed deposit in the bank and waiting for the good timing to cash out..
While the real money you can spend it anytime you want.

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January 06, 2018, 03:50:01 AM
 #2545

First, bitcoin is a virtual currency meaning its intangible unlike fiat money that is tangible. Second is you can send and receive money to others without the help of payments unlike fiat money that you need a third party in order to send and receive.

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January 06, 2018, 04:27:17 AM
 #2546

First, Bitcoin is digital and money is physical. Second, Bitcoin can be sent/received online (anywhere, anytime) while money can be sent and received by meetups or using bank. Lastly, Bitcoin is not controlled by the government.

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January 06, 2018, 04:34:09 AM
 #2547

Both of them are money, but then, the real money is physical, meaning you can hold it. you can see it and you can use it whenever you want while the bitcoin is just an asset and electronic money. Some countries didn't use bitcoin as there currency. So in order for you to use bitcoin, you need to exchange it on banks in order for the bitcoin become your country's money.

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January 06, 2018, 04:43:02 AM
 #2548

Difference? Bitcoin is a digital and peer to peer transactions means that bitcoin can use to pay some of our borrowed money that doesn’t even need to commute or ride in car, but in the real money it needs right? I know that there’s some way paying it also in real money that doesn’t need to ride a car also. However, bitcoin blockchain is more usefull at all hehe

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January 06, 2018, 04:46:18 AM
 #2549

Bitcoins can be used in online payments

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January 06, 2018, 04:51:39 AM
 #2550

The difference between bitcoin and real money is that bitcoin's value is dynamic. Unlike real money it's value changes slightly. And the value of bitcoin is way bigger than the real money itself.
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January 06, 2018, 05:25:59 AM
 #2551

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 my opinion, bitcoin is a bridge between cryptocurrency and real money, so when bitcoin falls, the entire cryptocurrency market may collapse.

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January 06, 2018, 07:23:15 AM
 #2552

Bitcoin is invisible  currency, you can use online only.Real money is hard currency, you can use anywhere anytime.

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January 06, 2018, 02:37:32 PM
 #2553

Bitcoins is a digital currencies, which mean they can only exist online they can perform tasks online like real money does such as giving you a purchasing power.
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January 06, 2018, 02:47:06 PM
 #2554

One of the main differences of using Bitcoins for transactions is that there are no middlemen involved. You don’t have to deal with banks with btc.
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January 06, 2018, 02:52:21 PM
 #2555

The difference between bitcoin and real money is that one is a virtual currency, one currency for offline transactions.

the comparison is quite far from each other. The other one is virtual currency that is correct but real money being a currency for offline transaction is off the hook since real money can also be sent online. The difference I like about bitcoin and the real money is that bitcoin is volatile, it's price changes every minute and real money is quite stable.

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January 06, 2018, 02:59:28 PM
 #2556

 Bitcoin is virtual money while  the other one is real.  We cant touch bitcoin  we cant crumple it like the real money.    The  rate of bitcoin will flactuate easily while the rate of the real one may take  years to accelerate.
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January 06, 2018, 03:03:52 PM
 #2557

Money is not as quickly multiplied as bitcoin)

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January 06, 2018, 03:19:44 PM
 #2558

Bitcoin is safe. .. Governments can block funds in banks when a financial crisis appears. I don't trust banks for my own money. Also fiat currency keeps losing its real value. Inflation is a hidden form of tax I pay while I hold fiat currency. Saving accounts may compensate my loss from inflation by paying me interest but my checking accounts in banks or my pocket money is subject to inflation. In the end, earning interest rarely protects my money from inflation. However it's not really safe to hold funds in saving accounts when a financial crisis appears and nobody can know when a financial crisis appears. When compare pros and cons, Bitcoin is better than fiat. Bitcoin is not a national currency of a country. It can not be affected by financial crisis..
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January 06, 2018, 03:26:31 PM
 #2559

Now, if you want to gamble with USD, you buy the USD using your full identity in payment tools, such as bank, credit card, or others.
But if you want to gamble with bitcoin, you just have to buy it, they dont need your identity. Yes, you can gain the 'anonymous mode' if you use bitcoin or other crypto.
That is the main thing that i want to tell you, one of the features in bitcoin or other cryptos : Anonymousness.

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January 06, 2018, 03:27:39 PM
 #2560

From what you say it emerges that you have no idea whatsoever what Bitcoin actually is, and the only thing which attracts you is your greed for money. My suggestion is to spend some time studying and making a research on what Bitcoin is, before eventually deciding to invest your money.

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