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Author Topic: Difference between Bitcoin and real money?  (Read 110683 times)
Zadicar
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December 14, 2016, 08:25:11 AM
 #501

Paper currency which is no longer classified as money because it isn't backed by anything and governments print at will more and more of it is becoming more and more worthless, but bitcoin is limited, a bit like gold, there are only so many bitcoin available and as demand grows worldwide for it..btc price also goes up.
even if fiat is not backed by anything it would not goes worthless anytime soon. Bitcoin might be developed and fly its wings on the future but i dont think it would be implemented by each government all out the globe. Adoption would really takes time and many discussions and meetings would be made regarding on this matter. No digital currency could able to surpass fiat currency.

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20kevin20
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December 14, 2016, 08:48:33 AM
 #502

Paper currency which is no longer classified as money because it isn't backed by anything and governments print at will more and more of it is becoming more and more worthless, but bitcoin is limited, a bit like gold, there are only so many bitcoin available and as demand grows worldwide for it..btc price also goes up.

Demand growing up and Bitcoin being limited makes its price go up because, just like gold, it's going to be rare to be found soon. This is why Bitcoin has 9 numbers: 0.00000000. If the price goes up to one million, a satoshi would be equal to $0.01. The chances of its price to go up to $1m aren't high for now, but the real results will be seen next year when the aftermath of halving will be seen.
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December 14, 2016, 09:37:55 AM
 #503

The difference between bitcoin and money is money is using to buy bitcoin and we use bitcoin to invest into market and alternative coins if you're planning too to invest or buy altcoins then choose ico with lot's of bonuses you can really make it .
You have the wrong opinion about Bitcoin man. Bitcoin is a currency which is used to trade p2p with other people. Since you use bitcoin only to invest into market and alternative, you can easily destroy BItcoin forever. Bitcoin is born to become the world only currency and many people out there are trying their maximum effort so that Bitcoin can be recognized by others

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December 14, 2016, 12:16:05 PM
 #504

Paper currency which is no longer classified as money because it isn't backed by anything and governments print at will more and more of it is becoming more and more worthless, but bitcoin is limited, a bit like gold, there are only so many bitcoin available and as demand grows worldwide for it..btc price also goes up.

Demand growing up and Bitcoin being limited makes its price go up because, just like gold, it's going to be rare to be found soon. This is why Bitcoin has 9 numbers: 0.00000000. If the price goes up to one million, a satoshi would be equal to $0.01. The chances of its price to go up to $1m aren't high for now, but the real results will be seen next year when the aftermath of halving will be seen.

Yeah, in the future if many will use bitcoin it will be difficult for someone to own 1 single bitcoin for himself because of its very high value. Right now it's not that hard yet to earn one bitcoin because its price is not that high yet. So we should accumulate bitcoin now as much as possible.

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Betwrong
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December 14, 2016, 12:24:20 PM
 #505

The question should have been the difference between Bitcoin and fiat money, rather than difference between Bitcoin and real money. Bitcoin is "real" money. In fact, I would say that it is even better than the fiat currency.

Although most people in the world wouldn't agree that Bitcoin is real money I think you are right. Since it is possible to find a way to buy for Bitcoins almost everything it is a real money. The main difference is that Bitcoin is not so widely accepted as fiat, but I think that it is much easier to buy something in the USA for Bitcoins than for Russian Rubles for example, so in a way BTC is already better than most fiat currencies.

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December 14, 2016, 12:31:36 PM
 #506

The question should have been the difference between Bitcoin and fiat money, rather than difference between Bitcoin and real money. Bitcoin is "real" money. In fact, I would say that it is even better than the fiat currency.

Although most people in the world wouldn't agree that Bitcoin is real money I think you are right. Since it is possible to find a way to buy for Bitcoins almost everything it is a real money. The main difference is that Bitcoin is not so widely accepted as fiat, but I think that it is much easier to buy something in the USA for Bitcoins than for Russian Rubles for example, so in a way BTC is already better than most fiat currencies.

Indeed it is now basically a bitcoin is not accepted by most people in the world, because it is still in the stage of the bitcoin yet recommend is quite extensive and is also the largest company yet there leering bitcoin for introductions to all people or all users. But it was all not an ugliness to the users of the bitcoin to keep using it, because the bitcoin much more profitable and it is very different with the currency already in circulation in our lives



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December 14, 2016, 12:38:06 PM
 #507

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 very good for invesment than gold or real money like dollar
because real money can inflation , but for bitcoin increase huge price for short or long time



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iqlimasyadiqa
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December 14, 2016, 01:00:32 PM
 #508

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 very good for invesment than gold or real money like dollar
because real money can inflation , but for bitcoin increase huge price for short or long time
yes I agree with you. today bitcoin is a profitable investment. that's the difference bitcoin compared with real money. bitcoin easier to be used as a media investment, because bitcoin have prices rise and fall quickly. while the real money can not do that.

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December 14, 2016, 03:26:45 PM
 #509

Bitcoin is a online cryptocurrency which is not accepted by  everyone but real money is accepted. Bitcoin is more safe than real money as it is online secured with a password.

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December 14, 2016, 05:11:44 PM
 #510

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?


it seems you already mentioned the differences. well that's right in bitcoin you only have a small taxes to pay which is the transaction fees aside from that transactions are made convenient and faster because of bitcoin just like if you are going to gamble with bitcoin you don't need to go to other place because you can already play with your computer over the internet and you can made a deposits easily and instantly.

B O

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December 14, 2016, 07:44:36 PM
 #511

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?


it seems you already mentioned the differences. well that's right in bitcoin you only have a small taxes to pay which is the transaction fees aside from that transactions are made convenient and faster because of bitcoin just like if you are going to gamble with bitcoin you don't need to go to other place because you can already play with your computer over the internet and you can made a deposits easily and instantly.

Hi I'm also a newbie here and haven't earned my first bit yet. Is this transaction fee you mentioned uniform, like it's the same regardless of which country sender and receiver are?

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December 14, 2016, 09:18:45 PM
 #512

Bitcoin is a online cryptocurrency which is not accepted by  everyone but real money is accepted. Bitcoin is more safe than real money as it is online secured with a password.

"Real money" is not accepted by everyone either

There is no real money in the sense of one single currency, there are many different currencies out there. Some of them, like the US dollar or Euro, are more or less accepted everywhere (at least, you won't starve to death with them anywhere, if only in Antarctica), other minor currencies are accepted only locally. And it remains to be seen whether Bitcoin isn't accepted more widely than any of the latter. Should we thus conclude that local currencies of small countries are not real money at all?

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December 14, 2016, 10:20:53 PM
 #513

Bitcoin has international exposure throughout the globe unmatched by any top standard currency.

In all respect there are lots more to Bitcoins creativity with service providers which pair to the benefit of all unique qualities contained in this economy.

Fiat has the extra benefit to be used in most stock indexes, credit card, banks + all of what can be expected in the traditional economy. There are things both of these monies can be used exclusively but to the liking of the buyer.

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December 15, 2016, 01:32:14 AM
 #514

The value of the Bitcoin is high, and the value of the real money is low. But the Bitcoin is illegal currency in many countries, and in future also I don't have hope that our governments will accept the Bitcoin as a legal currency. To transfer and deposit this bitcoin is more easier than real currency. The bitcoin will not work in all country, but all country will accept the real money.
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December 15, 2016, 01:44:58 AM
 #515

the difference between bitcoin and real money is bitcoin couldnt get in touch but real money we can touch it,  right?
but in the system bitcoin and real money so different bitcoin can used by people from around the world anonymously
but real money only used for their country yea we can use it around the world but we can exchange it first and we can't use it anonymously



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December 15, 2016, 07:08:12 AM
 #516

the difference between bitcoin and real money is bitcoin couldnt get in touch but real money we can touch it,  right?
but in the system bitcoin and real money so different bitcoin can used by people from around the world anonymously
but real money only used for their country yea we can use it around the world but we can exchange it first and we can't use it anonymously
You are just describing it's physical appearance, paper money is not virtual but bitcoin is. Actually, the better definition is when we compared it's usage, and I can see they have different benefits and weaknesses and I would be glad if this two will just coexist than compete.



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December 15, 2016, 08:51:38 AM
 #517

the difference between bitcoin and real money is bitcoin couldnt get in touch but real money we can touch it,  right?
but in the system bitcoin and real money so different bitcoin can used by people from around the world anonymously
but real money only used for their country yea we can use it around the world but we can exchange it first and we can't use it anonymously
You are just describing it's physical appearance, paper money is not virtual but bitcoin is. Actually, the better definition is when we compared it's usage, and I can see they have different benefits and weaknesses and I would be glad if this two will just coexist than compete.

Well you use them for what buy/sell thing or stuff so they coexist in same way as they should no need to be competitive in any way
If you look still we dont have that many usage of bitcoin in online stores like fiat money but still that will change over time
Bottom line is that they need each other to do better in next period



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December 15, 2016, 10:05:48 AM
 #518

the different between really money and bitcoin is that bitcoin is a digital currency that is been accepted by few persons and is yet to be know by many people and real money this is the money that is been accepted generally by all anywhere and that presented as a legal tender anywhere in the world.
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December 16, 2016, 06:48:37 AM
 #519

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?


We knew from the very starts that bitcoin is untouchable while in real money is not, though bitcoin can't be touch but can give us a real money because of it unique system it has, compare to the real money can't do it as well. And bitcoin can't be rob by anyone while in real money can be rob at any moment.

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December 16, 2016, 06:59:34 AM
 #520

Yes you are true at all. But of course, there is still different.
- Bitcoin is have the volatility higher than fiat
- if you make transactions in bitcoin, it is low fees and not using third party like PayPal (just between seller & customer)
- bitcoin is modern. We are modern.
- there is no signature campaign that paid member with dollar in this forum. Just bitcoin  Cheesy

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