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Author Topic: Difference between Bitcoin and real money?  (Read 110676 times)
btcdiggingmaster
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November 29, 2016, 10:17:35 AM
 #381

In present situation both are currency only, bitcoin is digital currency and real money is always real. But coming to your question bitcoin has highest when compared to your real currency, to make more definitely you need to take charge for investing into bitcoin are some thing which you know very well. But you will make more money with bitcoin definitely but you need to have lot of patience.

Nothing is gain without pain and hard work my friend.
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November 29, 2016, 10:23:12 AM
 #382

Well bitcoin is a really efficient one. You can bring them anywhere any time. You can pay bills buy anything sitting in your couch all day. The problem is there are limited stores thqt accept bitcoin. 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.



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john2231
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November 29, 2016, 10:32:31 AM
 #383

Well bitcoin is a really efficient one. You can bring them anywhere any time. You can pay bills buy anything sitting in your couch all day. The problem is there are limited stores thqt accept bitcoin. 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.

I thin this is not the case that your money can be stolen by thieves since we have some online banks that you can withdraw your money like pioneer or any credit card that we can use worldwide..
You can bring bitcoin in other country but it is just the same as your fiat in other country that you need to exchange it first in order to use it in other country..
Bitcoin is always use as alterntive payment only for online shopping.. if we are lucky that the adoption will increase more soon that bitcoin can be acceptable locally like other country well i will use bitcoin and motivate other to use this because of the benefits like the price increase and transaction fee is low..

=Bitcoin is going to crash? base on other analysis so expect for huge drop=
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November 29, 2016, 11:27:35 AM
 #384

there is good example of bitcoin and real money we can use bitcoin for online shopping for online website who sell their product for online and real money we can be use for local shopping in local shops and real money have physical shape.
yes actually the number of bitcoin users are very low, so we can expect in future when the  number of bitcoin users will increase then bitcoin will certainly give us some useful facilities, and we will be able to use bitcoin as fiat in local market for buying and selling good and for so many other activities.
To me the main difference is future and past. Bitcoin is the future and the real dollar etc is past. As world is going to be digitized so there would also be need of digital currency which is bitcoin. So this is the start and in future our names will write in history that we were the very early users of this currency.

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November 29, 2016, 12:17:17 PM
 #385

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 is a big difference between Bitcoin & real money & that difference makes Bitcoin an important currency. i m giving u an example for that.
u r going to buy something from web & they r asking u for the money. U will pay for that also but that person or merchant will get that money in his account after the bank charge. Bank normally charges 1.5% to 2% for that transaction if it is in Dollars from both sides but if u r paying in Dollars & that merchant receives in other currency in his account he has to pay the charge & the difference of the currency. Like u pay in Dollars & that merchant sales in Euro or Pound. u have to pay conversation charge & even that merchant also has to pay the same.
But in Bitcoin there is no charge for that conversion Because both side the currency is same.
so neither u nor that merchant has to pay extra amount for that. I can say this because many times i have paid this conversation charges & it costs a lot to me. almost 10% of my pay goes to bank.
Now a days many companies & websites accept Bitcoin as currency for on line transactions & their main reason this only. No matter in which country u live or whatever is your currency & their conversion ratio or conversion charge. u have to just pay whatever amount they charge in Bitcoin & pay. That's all. Its as simple & easy as u do transaction with your local merchant or trader. Even nobody has to pay any big charge to the bank for the conversation real money to Bitcoin & Bitcoin to real money.
For me its more easy than it. even u can buy Bitcoins from your linked bank account from your mobile & same u can en cash also. U have to just give a try for the first time then u will enjoy it.
I think all of your questions I have answered.
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November 29, 2016, 12:21:27 PM
 #386

Bitcoin can't be counterfeited or stolen if you're smart enough. I'm talking about securing the account 100% with as many passwords as you can have. If you can, secure even the wallet app on your phone with fingerprint or pin code with a 3rd party applock. I never had my funds stolen because I was always careful.
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November 29, 2016, 12:22:50 PM
 #387


To me the main difference is future and past. Bitcoin is the future and the real dollar etc is past. As world is going to be digitized so there would also be need of digital currency which is bitcoin. So this is the start and in future our names will write in history that we were the very early users of this currency.

I can't see the world in the future will be fully digitalized and bitcoin is they key to that. Even we count for many centuries there are still places that will not hug the world of internet due to the fact of poverty, government problems and being a poor country one. We are just speculating this good things since we are using bitcoin.

And if bitcoin will be truly used by all countries in the world we can't feel much freedom what we are experiencing today since it will become regulated no matter what. Id rather happy of the bitcoin status today than it will become the world only currency.
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November 29, 2016, 02:30:32 PM
 #388

If we look like this we spend more real money then bitcoin lo we transfers bitcoin to real money if we want to spend something
I mean I do this I believe that most of you here are doing the same

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November 30, 2016, 05:25:22 AM
 #389

bitcoin is future money if there is a choice between bitcoin or real money , sure i choice bitcoin because huge price bitcoin



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November 30, 2016, 06:30:19 AM
 #390

Bitcoin lets you to be your own bank. In other words you don't need to depend upon any other institutions to send your funds to anybody in any part of the world. You control your own money. You also need not pay banking charges.

Bitcoin supply is capped at 21 million coins and this makes it deflationary in nature when compared to "real money" which can be printed out with limitless supply making it deflationary in nature leading to loss of wealth over time.

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November 30, 2016, 06:34:18 AM
 #391

Well bitcoin is a really efficient one. You can bring them anywhere any time. You can pay bills buy anything sitting in your couch all day. The problem is there are limited stores thqt accept bitcoin. 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.

I thin this is not the case that your money can be stolen by thieves since we have some online banks that you can withdraw your money like pioneer or any credit card that we can use worldwide..
You can bring bitcoin in other country but it is just the same as your fiat in other country that you need to exchange it first in order to use it in other country..
Bitcoin is always use as alterntive payment only for online shopping.. if we are lucky that the adoption will increase more soon that bitcoin can be acceptable locally like other country well i will use bitcoin and motivate other to use this because of the benefits like the price increase and transaction fee is low..
You are referring to bitcoin which the adoption is not fully spread yet thats why bitcoin cant possibly be used anywhere unless if a certain country you go is already accepting bitcoin then its a good one since you could able to use it directly at ease. Real money does really have advantage sicne you could easily pays off as long you have the money but regarding on online transaction i could say bitcoin has the edge.



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November 30, 2016, 10:18:55 AM
 #392

It was clear, from the system of distribution, storage and how to get it to also show that bitcoin is one of the candidates of the future currency. so it is unfortunate if many country or government that still banned bitcoin.
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November 30, 2016, 11:48:23 AM
 #393

Crypto currency is netter than real money because real money is paper currency and it has a validity of note. Online wallets are better. It can be safe from theft too. Obly u can access your wallet. Its better.
I am not agree with you because you do not consider the uses of both of them more people are much prefer to used cash for their daily needs because bitcoin are not yet accepted in offline store in different countries

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November 30, 2016, 12:00:59 PM
 #394

Basically there are lots of difference between bitcoin and real money:

Bitcoin is already qualified as a money. Bitcoin is a currency or bitcoin is a type of money. Users can keep the bitcoin and they still have the chance to used it by any moment. Yes you can used it to buy things, but not all stores accept bitcoin.

Real money us what we use everyday to pay our liabilities and this includes currency and to a much bigger extent.
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November 30, 2016, 01:11:16 PM
 #395

They are actually all money but the big difference is Bitcoin the users are few while money we all use it. In the current situation only money is legal while bitcoin is not legal in some countries, so basically you can see that bitcoin is weaker compared to real money.

 
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November 30, 2016, 03:25:37 PM
 #396

terms of function is the same as payment , but bitcoin can be invest can be future money
real money can accept all lokal store all payment but bitcoin not yet

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December 01, 2016, 02:26:44 PM
 #397

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 is a big difference between Bitcoin & real money & that difference makes Bitcoin an important currency. i m giving u an example for that.
u r going to buy something from web & they r asking u for the money. U will pay for that also but that person or merchant will get that money in his account after the bank charge. Bank normally charges 1.5% to 2% for that transaction if it is in Dollars from both sides but if u r paying in Dollars & that merchant receives in other currency in his account he has to pay the charge & the difference of the currency. Like u pay in Dollars & that merchant sales in Euro or Pound. u have to pay conversation charge & even that merchant also has to pay the same.
But in Bitcoin there is no charge for that conversion Because both side the currency is same.
so neither u nor that merchant has to pay extra amount for that. I can say this because many times i have paid this conversation charges & it costs a lot to me. almost 10% of my pay goes to bank.
Now a days many companies & websites accept Bitcoin as currency for on line transactions & their main reason this only. No matter in which country u live or whatever is your currency & their conversion ratio or conversion charge. u have to just pay whatever amount they charge in Bitcoin & pay. That's all. Its as simple & easy as u do transaction with your local merchant or trader. Even nobody has to pay any big charge to the bank for the conversation real money to Bitcoin & Bitcoin to real money.
For me its more easy than it. even u can buy Bitcoins from your linked bank account from your mobile & same u can en cash also. U have to just give a try for the first time then u will enjoy it.
I think all of your questions I have answered.

Using bitcoin we can avoid bank charges, this is just one of the many advantages you get from using bitcoin. The most important on why I use bitcoin is because it can gain lot value in future as it is few in number compared to government backed currencies. Bitcoin is digital gold and it will keep appreciating in value.

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December 01, 2016, 02:33:57 PM
 #398

real money, has been accepted by all the people of a country, and it is a medium of exchange that is set by the government. whereas, bitcoin is a cryptocurrency available on the internet, and has a high price, which is usually used as a means of transaction, investment, trading, and others, whose existence has not been accepted by all communities.

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December 01, 2016, 04:03:05 PM
 #399

real money, has been accepted by all the people of a country, and it is a medium of exchange that is set by the government. whereas, bitcoin is a cryptocurrency available on the internet, and has a high price, which is usually used as a means of transaction, investment, trading, and others, whose existence has not been accepted by all communities.

It's not important if the community you're in doesn't accept the existence of bitcoin. Only the user himself have to receive/send bitcoins anyways, not the whole community. As long as you're earning money without putting anyone in harm, then it's okay to continue what you're doing in the bitcoin world. Even though people are unaware of the existence of bitcoin, I've never heard someone got tortured by the community just because he used bitcoins. It's okay to be different. Smiley

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December 01, 2016, 05:27:18 PM
 #400

real money, has been accepted by all the people of a country, and it is a medium of exchange that is set by the government. whereas, bitcoin is a cryptocurrency available on the internet, and has a high price, which is usually used as a means of transaction, investment, trading, and others, whose existence has not been accepted by all communities.

yea but we are more using real money then bitcoin cuz real money can be used everywhere and for now bitcoin we can't

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