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Author Topic: Difference between Bitcoin and real money?  (Read 114154 times)
sudah_wisuda
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March 07, 2018, 05:25:15 AM
 #3161

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.
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Chanock
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March 07, 2018, 05:28:14 AM
 #3162

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
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March 07, 2018, 05:39:51 AM
 #3163

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.
senin
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March 07, 2018, 05:45:32 AM
 #3164

The difference between bitcoins and ordinary money is very high. Bitcoin has many advantages over conventional money, but it also has disadvantages compared to them. First of all, bitcoin is digital money that is used almost anonymously, without intermediaries and third parties at any time of the day, quickly and conveniently. The disadvantages are that bitcoin is not provided, it has greater volatility than ordinary money, its use requires certain knowledge, technical medium, that is, a laptop or mobile phone and constant access to the Internet.
Heronzkey
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March 07, 2018, 08:57:05 AM
 #3165

the difference between two coins is that bitcoin comes online and the size of a BTC is higher than our real money, but both are important in our lives, in bitcoin we hope to make money.

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harobaru
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March 07, 2018, 09:05:35 AM
 #3166

there are lot of difference between bitcoin and real money. the main difference is bitcoin is in soft form and real money is hard form. real money you use any where. bitcoin use you have internet.
sashulya7979
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March 07, 2018, 09:10:49 AM
 #3167

The difference in their perception. Some consider bitcoin not real, but you can hold the bouzher money in your hand and understand that this is money and that's why my grandmother thinks so. Do not overdo it. A show that is ready for new changes in perception, then you can take this.
Makka
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March 07, 2018, 09:19:19 AM
 #3168

Bitcoin is a real money? Bitcoin and fiat differences is the right term. Some people asking why convert into fiat if bitcoin is real money? Simply because bitcoin is still new and it is still growing unlike to fiats especially the US dollar.
svetochka.yakovleva.93
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March 07, 2018, 09:36:08 AM
 #3169

I think it's more convenient to use digital bank cards with digital currency and I'm very happy, but I do not have the courage to compare bitcoins and paper money for so many different things. Bitcoin grows and falls and paper money remains at the same price, only wages are lowered.

Boromon
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March 07, 2018, 09:42:06 AM
 #3170

I only know that bitcoin is not yet used in every country, real money is used by every country, but Bitcoin is decentralized, and can be easily stored and sent over the internet, but fiat currency is very important with bitcoin in my own explanation because you can convert your cryptocurrency to fiat and without fiat currency you cannot convert it to real money which is fiat cash.
Carmen03
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March 07, 2018, 09:58:08 AM
 #3171

Bitcoin is a decentralized electronic currency that derive its value from supply and demand as well as trust in the system . the network uses complex math to verify transactions and the people that volunteer that completing power to the network or miners are generated bitcoin as a reward for their effort. Money is something generally accepted as a medium of exchange , a measure of value ,or a means of payment. Money is what we use everyday to pay our liabilities, and this includes currency and to a much bigger extent.Bitcoin is much safer than money because nobody can steal. We can invest bitcoin and convert into money.
oacorewsoni
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March 07, 2018, 10:03:19 AM
 #3172

There is lot of difference. I mean there is harldy any similarities between real money and bitcoin. Both have common line that is both are money and except that there is nothing similar between them. One have tax other don't. One is centralized and other is decentralized.
David Van
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March 07, 2018, 10:04:30 AM
 #3173

different in that real money I can hold and see it, while bitcoin it is invisible
mware
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March 07, 2018, 10:11:38 AM
 #3174

it's simple, money is currency, check is an instrument to transfer value of currency. Bitcoin is an electronic version of paper checks.
David Van
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March 07, 2018, 10:16:24 AM
 #3175

The real money is concentrated and managed by the government.  Everyone will control it and no one can control it
gordeevaverona
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March 07, 2018, 10:51:01 AM
 #3176

They are different by as much as you can compare a cat and robot cat, it would seem that they are called and look almost the same and the functions perform the same. But the cat has something that she was a long time and the cat robots only recently came out and do not like. What we are used to and love, and someone will switch to a robot cat and he will like it. A matter of taste.

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paulo29
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March 07, 2018, 11:42:47 AM
 #3177

The difference between bitcoin and real money, bitcoin is a digital currency wherein the value is unpredictable and not a legal tender in any countries, it need to be converted into fiat money or real money to be used in exchange of commodities while the real money has it value printed on it face, it can immediately used or paid in exchange of commodities. Another thing is that real money is legal tender to be used in any countries while the cryptocurrencies are not regularized by any other countries and need to be converted in real money.
Partoney
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March 07, 2018, 12:00:16 PM
 #3178

Genuine (Fiat Cash) can be utilized practically anyplace and I think must be acknowledged in all stores in the Unified States. Bitcoin however is a mysterious decentralized (we endeavor to make it this) online cash that is controlled by excavators. The greatest distinction between the two is the unpredictability in how much that cash is really worth (Fiat will hold it's esteem and Bitcoin is super unstable)

Likewise, Bitcoin is just extremely acknowledged by the little specialty of the bitcoin group which completely keeps it down. It must address its unpredictability issue before it feels free to hits the standard everyday lives.
cutiecez05
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March 07, 2018, 02:14:52 PM
 #3179

The difference between bitcoin and real money is that bitcoin is not easily converted into cash to buy commodities or to buy our needs but real money does, it can easily be used to buy commodities and our needs. One more thing, bitcoin cannot be used as currency unlike real money.

InahC
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March 07, 2018, 02:19:16 PM
 #3180

Well the difference is that bitcoin is a digital currency unlike real money  as a  real currency

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