Bitcoin Forum
August 14, 2018, 07:27:05 AM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 [159] 160 161 162 163 164 165 166 167 168 169 »
  Print  
Author Topic: Difference between Bitcoin and real money?  (Read 113873 times)
raidarksword
Member
**
Offline Offline

Activity: 252
Merit: 11


View Profile WWW
March 06, 2018, 04:14:12 AM
 #3161

Bitcoin is a decentralized digital currency which no government or banks can interfere.  It is also as called virtual money because you cannot physically hold but you can convert it to fiat currency.  
While fiat money is a legal currency or so called paper money which govern by the government and abide with decree of the law.

1534231625
Hero Member
*
Offline Offline

Posts: 1534231625

View Profile Personal Message (Offline)

Ignore
1534231625
Reply with quote  #2

1534231625
Report to moderator
1534231625
Hero Member
*
Offline Offline

Posts: 1534231625

View Profile Personal Message (Offline)

Ignore
1534231625
Reply with quote  #2

1534231625
Report to moderator
1534231625
Hero Member
*
Offline Offline

Posts: 1534231625

View Profile Personal Message (Offline)

Ignore
1534231625
Reply with quote  #2

1534231625
Report to moderator
If you want to be a moderator, report many posts with accuracy. You will be noticed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
kaijang1808
Jr. Member
*
Offline Offline

Activity: 38
Merit: 0


View Profile
March 06, 2018, 04:33:31 AM
 #3162

bitcoin can easily buy online.but  the real money was easily using in real life.
mel1978
Full Member
***
Offline Offline

Activity: 378
Merit: 101



View Profile WWW
March 06, 2018, 04:45:04 AM
 #3163

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?

There are lots of differences between bitcoin and real money. Some of these are bitcoin has no central authority, unlike other currencies which are backed by the government.Bitcoin is subject to inflation alone due to scarcity caused by an artificial limit. Country backed currencies are subject to deflation as well.Bitcoin transactions are registered in the Bitcoin blockchain. This acts as a ledger, whereas cash transactions may or may not be recorded.
Bitcoin transactions are immutable, whereas the majority of digital records can be duplicated. Bitcoin transaction requires fees to be paid to miners. This is quite similar to taxes we pay the government, except taxes can be evaded quite easily compared to having a transaction registered in the blockchain without paying fees. Bitcoin transactions are made over the internet and are public, which includes your Bitcoin addresses being known, whereas cash transactions are pretty much anonymous and do not leave behind a trail.

addeqt
Member
**
Offline Offline

Activity: 196
Merit: 30


View Profile
March 06, 2018, 03:11:31 PM
 #3164

The enormous contrast is that you dont need to physically hold bitcoin and you dont need to physically hand over bitcoin when you do installment exchange. While physical cash could break down and could be torn separated, bitcoin gets away from every one of those debasement. Be that as it may, the physical cash dont change its esteem 20% out of a day and is steady, while bitcoin cost is so unstable it could change its incentive in a flicker of an eye.
farukahmed
Jr. Member
*
Offline Offline

Activity: 168
Merit: 0


View Profile WWW
March 06, 2018, 03:52:19 PM
 #3165

It's pretty common question among peoples in general so far we can point out many differences, money exist and other other hand bitcoin has no physical  existence as money. Other than we can use both currency in same purposes. There are more differences  as making trade with money there's slightest risk always for losing it but with digital currency it's more secure and fast moving features than real money and above all real money is centralized but bitcoin is decentralized.


( M P C X )  Revolution Starts Here!  ( M P C X )
Digital Crypto Wealth Management Platform
fotosonics
Full Member
***
Offline Offline

Activity: 280
Merit: 100



View Profile
March 06, 2018, 11:16:11 PM
 #3166

With bitcoin, you have the chance of gaining profit from it when you invest in it. Whereas, in real.money once it's in your hands there is no chance of growth. Though, in money when you place it in a bank there may be some profit gain through its interest but it is significantly low compared to bitcoin.

Charloz24
Hero Member
*****
Offline Offline

Activity: 910
Merit: 501


dApps Development Automation Platform


View Profile
March 07, 2018, 12:06:41 AM
 #3167

I think the difference of bitcoin and real money is bitcoin is a cryptocurrrency coin and the real money is issued by the government in itself.Bitcoin cannot touch in real because bitcoin it is a coin or a money you can see in the coin wallet and bitcoin you can see if rise up or down value.Real money you can touch in real because government provided to us if you have work and you can get a real money for your compensation.


            ▄▄▄▄
        ▄▄████████▄▄
    ▄▄████████████████▄▄
 ▄████████████████████████▄
██████████▀▀███████████████
██████████▄   ▀█████████████
████████████▄   ▀███████████
██████████████▄   ▀█████████
█████████████▀   ▄██████████
███████████▀   ▄████████████
██████████▄  ▄██████████████
███████████████████████████
 ▀████████████████████████▀
    ▀▀████████████████▀▀
        ▀▀████████▀▀
            ▀▀▀

⬢⬢

⬢⬢



       ▄▄▄▄
   ▄▄████████▄▄
▄██████████▀▀▀█▀█▄
██ ▀█████▀     ▀██
██▌   ▀▀▀      ███
███▄           ███
████▀         ████
▀████▄     ▄▄████▀
   ▀▀▄▄▄▄████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄████████████████▄
██████████▀▀  ▐███
██████▀▀  ▄   ████
███▀   ▄█▀   ▐████
████▄▄█▀     █████
▀█████▌ ▄▄▄ ▐████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄███████▀   ▐████▄
████████  ▄███████
██████      ██████
████████  ████████
████████  ████████
▀███████  ███████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄██▀█▀███▄▄
▄███▀▀▀ ▀ ▀▀█████▄
██████ ████▄ █████
██████ ▀▀▀▀ ▄█████
██████ ▄▄▄▄ ▀█████
██████ ████▀ █████
▀███▄▄▄ ▄ ▄▄█████▀
   ▀▀██▄█▄███▀▀
       ▀▀▀▀


██████████████████
dbstmddhks
Sr. Member
****
Offline Offline

Activity: 570
Merit: 250



View Profile
March 07, 2018, 12:28:42 AM
 #3168

We can use bitcoin here in digital wolrd though we can exchange it into our currency. We can use bitcoin here if we have transaction in online. I guess there are things or website who accept bitcoin as a payment and thats quite a good thing and bitcoin is decentralized. While the real money is cotrol but the government and we can use that in a real world market.
anti76
Sr. Member
****
Offline Offline

Activity: 668
Merit: 250


OPEN GAMING PLATFORM


View Profile
March 07, 2018, 12:31:40 AM
 #3169

I think the difference between them is that the bitcoin is a Digital currency while the other is a Physical money, Bitcoin is decentralized while the other is centralized or the government is in control.

zsfdsz
Jr. Member
*
Offline Offline

Activity: 44
Merit: 0


View Profile
March 07, 2018, 04:46:20 AM
 #3170

I think the difference between them is that the bitcoin is a Digital currency while the other is a Physical money, Bitcoin is decentralized while the other is centralized or the government is in control.

Bitcoin is a web-based virtual commodity, not a currency, that is essentially different from the digital currency that the central bank is studying. At present, the Bitcoin trading platform is often mistakenly identified as an exchange. In fact, the current Bitcoin trading platform does not have a corresponding financial license and can not be called an exchange.

❂ Lysergion.com ✸ Psychedelic Crypto ✸ Airdrop ❂
Kaiwillliamjames003
Newbie
*
Offline Offline

Activity: 18
Merit: 0


View Profile
March 07, 2018, 05:03:46 AM
 #3171

Money will be accepted anywhere, its money. But its not really efficient, it can be stolen by a thief so easily in your pocket. Bitcoin cant be taken from you by theives.So this is the start and in future our names will write in history that we were the very early users of this currency.
koyo12
Member
**
Offline Offline

Activity: 125
Merit: 10

Global Risk Exchange - gref.io


View Profile
March 07, 2018, 05:06:15 AM
 #3172

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?

The difference of real and bitcoin is you can literally hold the money unlike bitcoin its virtual money but its the same value in our life. Bitcoin you can spend online by using to buy things you like, paying bills just like real money. But bitcoin is so high demand to others.

▐▐ █     GRE   ≣   GLOBAL RISK EXCHANGE     █ ▌▌
━━  ((     Whitepaper     |     ANN Thread     ))  ━━
Telegram     Medium     Facebook     Twitter     Github
zhangxie29152784
Jr. Member
*
Offline Offline

Activity: 126
Merit: 0


View Profile WWW
March 07, 2018, 05:07:10 AM
 #3173

Both are currencies. Bitcoin is a digital currency that we can only do online shopping or anything.

Of course, bitcoin can also be exchanged for real money.

Taurus | Decentralized Derivative Trading Protocol ▶ ▶ ▶ Pre-Sale Starts June 1st, 2018 ◀ ◀ ◀
doaremon
Full Member
***
Offline Offline

Activity: 448
Merit: 100



View Profile
March 07, 2018, 05:11:36 AM
 #3174

Bitcoin is a crypto currency which is present in virtual world only but flat money is present in this real world. Crypto currency is also an unstable currency but flat money is stable. So the price of flat is not ups and downs but the value of crypto currency always go through ups and downs. This is also an advantage for those who can take advantage of this unstableness. Again if I say about the negative sides then Bitcoin is illigal to many countries. But flat money is acceptable throughout the whole world. But it's also true that Bitcoin or any crypto currency is a demand of this new generation people.

BitcoinMarketer39
Full Member
***
Offline Offline

Activity: 336
Merit: 100


The Future Of Work


View Profile
March 07, 2018, 05:12:09 AM
 #3175

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?


The reason why people are investing on bitcoins is the profit that we can gain when the value increased as the time goes by, another thing is that, banks right now is not giving us a huge amount of profit when we place their money on them so most of the people prefer on investing in cryptocurrency.

▬▬■ ■ ■▬▬ The Future of Work. Decentralized. ▬▬■ ■ ■▬▬
WhitepaperANN THREADTELEGRAMFACEBOOKTWITTERYOUTUBE
deltarichard1322
Newbie
*
Offline Offline

Activity: 22
Merit: 0


View Profile
March 07, 2018, 05:13:39 AM
 #3176

The difference between the two is Bitcoin is “a currency not backed by any state – meaning nobody has to take it as payment.”

On the other hand, dollar, the government requires payment in dollars in itself creates a direct demand for dollars that cannot be replicated by Bitcoin.
twinkledthomas
Member
**
Offline Offline

Activity: 132
Merit: 11

I will win, not immediately but definitely


View Profile
March 07, 2018, 05:17:22 AM
 #3177

Bitcoin is the king of all cryptocurrencies. And we can escape from the traditional banking system with bitcoin. Then bitcoin is not governed by anu government or country. Other fiats are government backed.

★ ★ ★ ★ ★   DeepOnion  ✔  Anonymous and Untraceable Cryptocurrency  ✔  TOR INTEGRATED & SECURED   ★ ★ ★ ★ ★
› › › › ›  JOIN THE NEW AIRDROP ✈️    ★    ✔ VERIFIED WITH DEEPVAULT  ‹ ‹ ‹ ‹ ‹
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬   ANN  WHITEPAPER  FACEBOOK  TWITTER  YOUTUBE  FORUM   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
sudah_wisuda
Jr. Member
*
Offline Offline

Activity: 154
Merit: 0

BAAN►X | The Cryptobank Revolution


View Profile
March 07, 2018, 05:25:15 AM
 #3178

I've discovered Bitcoin a 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 dollars? What does bitcoin bring to the table that real $ don't, fewer taxes, more income?

Differences Bitcoin with Dollars very much. Bitcoin is not taxed like any other currency, maybe this is because Bitcoin is still unknown to many people around the world and still many countries have not legalized Bitcoin. So the Bitcoin tax is virtually non-existent but the income from Bitcoin is overwhelming. Fortunately, we all get to know Bitcoin.

BAAN►X | The Cryptobank Revolution (http://www.baanx.com)
►ANNOUNCEMENT◄ (http://bitcointalk.org/index.php?topic=3052592)
Chanock
Full Member
***
Offline Offline

Activity: 434
Merit: 102


View Profile
March 07, 2018, 05:28:14 AM
 #3179

There many differences between bitcoin and real money. Bitcoin have a limited used the purpose of it is for digital transaction only. Without internet bitcoin is useless and also there are limited establishment or business are accepting bitcoin as mode of payment. Also when you are in the remote area bitcoin is useless. Unlike real money you can used it any time and any where with or without internet you can used it. Also real money is accepted by the government and all business establishment and all mode of payment are allowable in real money.
echo11
Member
**
Offline Offline

Activity: 194
Merit: 12


View Profile
March 07, 2018, 05:39:51 AM
 #3180

If we differentiate bitcoin and real money,bitcoin is cannot seen in physical appearance,the value of bitcoin is volatile sometimes going up and sometimes going down.The real money we can seen on physical and its value is fixed .They have big differences we can see bitcoin is more possibility to earn more profit than real money because of its value that cannot flactuates we dont have a chance to earn in real money.
Pages: « 1 ... 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 [159] 160 161 162 163 164 165 166 167 168 169 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!