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Author Topic: Difference between Bitcoin and real money?  (Read 110686 times)
Skarner21
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December 10, 2016, 11:02:32 PM
 #461

Bitcoin is a digital currency while real money is a physical currency. Bitcoin has no physical appearance, real money have different appearnce depending on which country it is. Bitcoin can't buy anything yet. And bitcoin has low fees than real money.
This is just one aspect of it. But the differences are many, such as the fact that Bitcoin is a decentralized currency, with a limited and predictable emission rate, while fiat currency is a highly inflationary currency, controlled by state authorities, which issue money according to their interests.
I think there is a difference right now i wont agree that bitcoin cant buy anything since many stores are open online that you can buy stuff services and items just like in amazon. they are gradually adopting bitcoin.. they are not the same as real money since there is still no physical bitcoin you can just use bitcoin online without internet you can not use it.. just like any other electronic payment.. .
We are just staying long and increasing it is because of the benefits of price increase and easy to use of bitcoin and earning bitcoins here in our forum..
How about casacius coin do you think we can say it as physical bitcoin?

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December 10, 2016, 11:27:27 PM
 #462

Bitcoin is a digital currency while real money is a physical currency. Bitcoin has no physical appearance, real money have different appearnce depending on which country it is. Bitcoin can't buy anything yet. And bitcoin has low fees than real money.

Nope. If real money has to be paper money then you are mistaken. Fiat currency is by no means "real money". It is based on the trust in the government, and if that trust dwindles then so does the currency the government prints.

Bitcoin in my opinion is real money, and gold and silver was real money. Real money is a concept that evolves through time. It's not something that is always the same.

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December 10, 2016, 11:32:01 PM
 #463

Bitcoin is a digital currency while real money is a physical currency. Bitcoin has no physical appearance, real money have different appearnce depending on which country it is. Bitcoin can't buy anything yet. And bitcoin has low fees than real money.

Nope. If real money has to be paper money then you are mistaken. Fiat currency is by no means "real money". It is based on the trust in the government, and if that trust dwindles then so does the currency the government prints.

Bitcoin in my opinion is real money, and gold and silver was real money. Real money is a concept that evolves through time. It's not something that is always the same.

In this respect Bitcoin is no different from fiat

Its value is also based on something ephemeral like the trust of people in the government. Namely, that people will continue to use Bitcoin in the future and won't abandon it in favor of some other currency. That trust is also quite volatile which could be easily seen through price fluctuations. When the Bitcoin price increases, so does the trust in Bitcoin and vice versa. Only precious metals cut it somewhat as real money inasmuch as you understand it

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December 10, 2016, 11:45:07 PM
 #464

Bitcoin is a digital currency while real money is a physical currency. Bitcoin has no physical appearance, real money have different appearnce depending on which country it is. Bitcoin can't buy anything yet. And bitcoin has low fees than real money.
This is just one aspect of it. But the differences are many, such as the fact that Bitcoin is a decentralized currency, with a limited and predictable emission rate, while fiat currency is a highly inflationary currency, controlled by state authorities, which issue money according to their interests.

the big difference that we can see is bitcoin is still have limit for use in the online and offline, but the money don't have limit in offline but have limit in the online world. beside that, there is few people using bitcoin rather than using money, and the rate bitcoin is always fluctuation like deadpoolx said and not already yet found the stable price.

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December 11, 2016, 12:12:56 AM
 #465

many differences between bitcoin and real money, simple example bitcoin is not shaped (digital currency) and real money can be use in local shops
It is good that Bitcoin is developed digitally. That's why Bitcoin is more secure than other FIAT. It is impossible for robbers to steal your BItcoin. Only hackers know how to take away your bitcoin directly from your wallet. However, hacking bitcoin wallet can be considered as extremely hard job, too

Hacking a wallet is probably not a joke, there are thousands of hackers in the world and they probably would try hacking wallet every now and then and i have never seen many of them succeeding in this, many 1 out of 1000 succeed in this but that is really low numbers i guess.
i agree with you that hacking of bitcoin wallet is not easy and i think all wallet are very secure and i using bitcoin from long time but i never face to hack problem because i invest my money in bitcoin in huge amount.
security systems in bitcoin wallet is also one of the factors it difficult for hackers to remember that bitcoin is an algorithm that solved (bitcoin is anonymous)

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December 11, 2016, 01:09:22 AM
 #466

many differences between bitcoin and real money, simple example bitcoin is not shaped (digital currency) and real money can be use in local shops
That's not the main difference, you are tackling only on a minor difference. Bitcoin and real money has a big difference and the big difference is that bitcoin is created by satoshi which is an anonymous person while real money is created by the government.

By looking at the two, you can tell that you should trust the government as they are created to protect the humanity but it is not what we are seeing and that makes bitcoin so popular because the real freedom is not with the government but in a decentralized community.
The big difference is that bitcoin is owned by the people.  There is no main controller of bitcoin.  The miners control it to a point, but their control only determines how fast the transactions are confirmed.  With that said, I could go on forever on what is wrong with money!!

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December 11, 2016, 01:39:46 AM
 #467

With Bitcoin you got much more freedom, inside and outside your country... you can earn some money with unfamiliar jobs and you can do lotta stuffs you can't with "real money" but bitcoin is real money, I think you mean "fiat money, paper money"... so, Bitcoin has a very deeper horizon when you think about possibilities and future.. like many of us here say: it is the future of "real money".  Cool

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December 11, 2016, 10:09:55 AM
 #468

With Bitcoin you got much more freedom, inside and outside your country... you can earn some money with unfamiliar jobs and you can do lotta stuffs you can't with "real money" but bitcoin is real money, I think you mean "fiat money, paper money"... so, Bitcoin has a very deeper horizon when you think about possibilities and future.. like many of us here say: it is the future of "real money".  Cool
agreed with you we have more freedom with bitcoins and thief cant steal bitcoin without private key and the price of bitcoin increases everytime , bitcoin have more potential than any other currency

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 between bitcoin and dollar is Bitcoin is Digital Currency where you can only see it and cant be touch unlike Dollars which can be seen and touch , real money have more tax than bitcoin

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December 12, 2016, 06:33:31 AM
 #469

With Bitcoin you got much more freedom, inside and outside your country... you can earn some money with unfamiliar jobs and you can do lotta stuffs you can't with "real money" but bitcoin is real money, I think you mean "fiat money, paper money"... so, Bitcoin has a very deeper horizon when you think about possibilities and future.. like many of us here say: it is the future of "real money".  Cool
agreed with you we have more freedom with bitcoins and thief cant steal bitcoin without private key and the price of bitcoin increases everytime , bitcoin have more potential than any other currency

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 between bitcoin and dollar is Bitcoin is Digital Currency where you can only see it and cant be touch unlike Dollars which can be seen and touch , real money have more tax than bitcoin
With the current fluctuations of the national currency of confidence in the future less and less. But unlike Bitcoin there is at least some sort of stability. I think that bitcoin is still better as a commodity and a means to increase revenue.

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December 12, 2016, 06:40:35 AM
 #470

Users have quoted several family differentiating bitcoin from real money. The major thing is the control authority. Bitcoin is decentralized whereas real money is centralized. With real money transactions were limited unlike the banks.

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December 12, 2016, 04:35:41 PM
 #471

Money is a fiction by definition. Saying that there is real fiction is like saying that there are sweet salts. Either way your real fiction is wild wild west fiction where you can expect to have you money downgraded by every passing moment, and most of this money goes to gov.... ahem i ment banks. Government doesnt even see the money as a taxes its collect.

Bitcoin fiction on the other hand is just good because its not totally bad as a real fiction. Thats enough there is to say about that.
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December 12, 2016, 04:58:24 PM
 #472

Money is a fiction by definition. Saying that there is real fiction is like saying that there are sweet salts. Either way your real fiction is wild wild west fiction where you can expect to have you money downgraded by every passing moment, and most of this money goes to gov.... ahem i ment banks. Government doesnt even see the money as a taxes its collect.

Bitcoin fiction on the other hand is just good because its not totally bad as a real fiction. Thats enough there is to say about that.
Until today, the real money was very good exchange subject worldwide. Bitcoin can also be, but only in the network. You need to look at things the right way and with reality.
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December 12, 2016, 05:50:57 PM
 #473

Some basic difference which I think is -

- Your money could be accepted in your country as it may not be accepted currency across.
- Btc could you used eveyrwhere around the globe unless country has ban it.

- BTC you can invest and price may rise in future.
- Keep money like this only will not yield anything.

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December 12, 2016, 05:56:18 PM
 #474

Some basic difference which I think is -

- Your money could be accepted in your country as it may not be accepted currency across.
- Btc could you used eveyrwhere around the globe unless country has ban it.

- BTC you can invest and price may rise in future.
- Keep money like this only will not yield anything.
At the forum a lot of people who live quite a normal life and for some of the bitcoin is only the beginning of interesting cryptocurrency in the world. Of course there are those who are already living with bitcoin very closely and with a good income. And then everyone chooses what he output. Bitcoin or real money.
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December 12, 2016, 06:00:29 PM
 #475

Biggest difference betwean BTC and "real money" is that BTC is realy virtual currency, while "real money" is fake virtual numbers that goverments and banks change as they see fit. It's ridiculous, but "real" money is more virtual than Bitcoin.
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December 12, 2016, 06:25:43 PM
 #476

Some basic difference which I think is -

- Your money could be accepted in your country as it may not be accepted currency across.
- Btc could you used eveyrwhere around the globe unless country has ban it.

- BTC you can invest and price may rise in future.
- Keep money like this only will not yield anything.
bitcoin is just accetable wordwide but only in the internet but local currency or real money acceptable in our country but in other place are not but you can be  still exchange it is just the same as bitcoin that you can be still exchange it in order to deal locally or use it to buy locally.. bitcoin has still limitation.. and they are still preferring local currency to use than bitcoin..

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December 12, 2016, 06:28:27 PM
 #477

Biggest difference betwean BTC and "real money" is that BTC is realy virtual currency, while "real money" is fake virtual numbers that goverments and banks change as they see fit. It's ridiculous, but "real" money is more virtual than Bitcoin.
There should be differentiation. Digital currency to be used in the virtual world and the real real. The fact that this situation will greatly promote the development of bitcoin.
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December 12, 2016, 06:35:12 PM
 #478

for me  bitcoin have more function . bitcoin can easily buy online. the real money was easily gone not like bitcoin you can earn them Smiley

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December 12, 2016, 07:54:09 PM
 #479

The main difference in BTC and real money is that bitcoin is a cryto/digital currency which can also be used ilegally, And sometimes you can also be saved from bank trasactions . and the real money i would say is a currency by which you can buy goods or anything online and offline.

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mikecgna
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December 12, 2016, 08:03:07 PM
 #480

for me  bitcoin have more function . bitcoin can easily buy online. the real money was easily gone not like bitcoin you can earn them Smiley
Online Shopping for bitcoin is the most profitable of its habitat. Therefore, it is the network you want to use digital currency. But the real money in the real stores.
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