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Author Topic: Difference between Bitcoin and real money?  (Read 110686 times)
shualingfa
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December 16, 2016, 10:24:01 AM
 #521

The primary function of money in the natural evolution process with the medium of exchange, and a store of value function is the medium of exchange function of derivatives, but bitcoin is obviously reverse deduction, this process so that it can only be regarded as a commodity, there are essential differences with the money.


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December 16, 2016, 07:00:37 PM
 #522

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.

No. Fiat money is not accepted anywhere. If I am a shop owner, and someone tries to purchase a few items for Venezuelan Bolivar, then I'll refuse the payment outright. The same with some other currencies such as Zimbabwean Dollar, Ukrainian Hryvnia, Somali Shilling.etc. So you can't say that fiat currencies are more acceptable than the BTC.

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December 16, 2016, 07:12:08 PM
 #523

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 the latter. Should we thus conclude that local currencies of small countries are not real money at all?



Very well stated, deisik.  I should copy that, memorize that, and tell that to everyone I know involved in money & investments.

Bitcoin may, or may not, become accepted as an international currency (one of finviz.com 's links (Forex) shows BTC price along with the Euro, etc.):

http://finviz.com/forex.ashx

Everywhere I have been, the US$ and the Euro can be converted pretty hassle free (except somewhat the Euro here in the USA), your experience matches mine.  The Euro is easy to convert to local currency in Peru for example.

The term "money" is indeed a slippery concept.
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December 17, 2016, 06:34:34 AM
 #524

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.

yea thats right . Ive wondered why they not make more money on each every country.
Bitcoin can earn with the technology while the real money can earn both technology , sweat and blood.

That is what makes bitcoin unique. It is free from the government manipulation. Nobody can manipulate bitcoin and the supply is fixed.
A real currency needs to have a fixed supply and should be free from manipulation.  Only then an economy can function without problems.


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salmanahmedone
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December 17, 2016, 06:39:55 AM
 #525

Have big different between bitcoin and real money because real money can you buy anything want you want and all stores accept real money as a payment. But bitcoin only limited stores can accept it. Not all stores accept bitcoin so its not easy if you have only bitcoin you can convert it first into cash before you spend it.

That is true, there is only limited number of stores that accepts Bitcoins but if you have Bitcoin debit card which is accepted everywhere (usualy it's Visa or Master) you will not have that problems and then you can buy anything anywhere. In that case it's like you are having real money.

The point is even that card is not available in many countries.
The major difference between real money and Bitcoins is that you can earn
the bitcoins more easily online than real money. And also have greater value compared
to your real money or local currency. You can even trade or gamble the bitcoins easily compared to real money.  Smiley

Even me, I tried to make money using bitcoin like what you said,
I give also a greater value compared to fiat one.
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December 17, 2016, 06:46:10 AM
 #526

To be honest i search for it when i was a newbie that time and i configure it out that bitcoin can use by anyone who willing to trade into another crypto currency which is we are using it through internet. Real money where this is we are using to buy bitcoin and use that bitcoin into what i've mentioned earlier And after getting profit with bitcoin we are converting our bitcoin into money as well.

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December 17, 2016, 06:53:25 AM
 #527

To be honest i search for it when i was a newbie that time and i configure it out that bitcoin can use by anyone who willing to trade into another crypto currency which is we are using it through internet. Real money where this is we are using to buy bitcoin and use that bitcoin into what i've mentioned earlier And after getting profit with bitcoin we are converting our bitcoin into money as well.

Since its converting price is high compared to currency I have in our country.
So to compare my fiat currency to bitcoin is not that good because a side from is too lower even if we place it to dollar
then it would come to loser.

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December 17, 2016, 07:39:41 AM
 #528

Bitcoin is to center, and the traditional electronic currency has a central service provider. This makes bitcoin does not have a separate vulnerability to rout, the system is stable.
Bitcoin stock limited, not optional placement, and the traditional electronic currency can be unlimited additional. This feature makes bitcoin hold high value.
The value of bitcoin from because increasing users, while traditional electronic money depends on legal tender endorsement. This makes the value of bitcoin change more space.

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December 17, 2016, 01:14:17 PM
 #529

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.

yea thats right . Ive wondered why they not make more money on each every country.
Bitcoin can earn with the technology while the real money can earn both technology , sweat and blood.

That is what makes bitcoin unique. It is free from the government manipulation. Nobody can manipulate bitcoin and the supply is fixed.
A real currency needs to have a fixed supply and should be free from manipulation.  Only then an economy can function without problems.



Yeah, government can't dictate or manipulate the price of bitcoin. They can't stop if it will rise continuously. Only the users of bitcoin can dictate the price of it. If government will manipulate the price of bitcoin it will not be good for us because only them will benefit from the manipulation of it and not us. They will control the supply of bitcoin and make benefit from it.
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December 17, 2016, 03:00:50 PM
 #530

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.

yea thats right . Ive wondered why they not make more money on each every country.
Bitcoin can earn with the technology while the real money can earn both technology , sweat and blood.

That is what makes bitcoin unique. It is free from the government manipulation. Nobody can manipulate bitcoin and the supply is fixed.
A real currency needs to have a fixed supply and should be free from manipulation.  Only then an economy can function without problems.



Yeah, government can't dictate or manipulate the price of bitcoin. They can't stop if it will rise continuously. Only the users of bitcoin can dictate the price of it. If government will manipulate the price of bitcoin it will not be good for us because only them will benefit from the manipulation of it and not us. They will control the supply of bitcoin and make benefit from it.
Thats why some government would like to ban bitcoin since they cant able to control it unlike on fiat which they do have the power to maipulate it into their hands which is really not good most of the time. Bitcoin is decentralized and Fiat is centralized thats the common thing that really differ on both currencies.

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December 19, 2016, 08:37:11 AM
 #531

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.

yea thats right . Ive wondered why they not make more money on each every country.
Bitcoin can earn with the technology while the real money can earn both technology , sweat and blood.

That is what makes bitcoin unique. It is free from the government manipulation. Nobody can manipulate bitcoin and the supply is fixed.
A real currency needs to have a fixed supply and should be free from manipulation.  Only then an economy can function without problems.



Yeah, government can't dictate or manipulate the price of bitcoin. They can't stop if it will rise continuously. Only the users of bitcoin can dictate the price of it. If government will manipulate the price of bitcoin it will not be good for us because only them will benefit from the manipulation of it and not us. They will control the supply of bitcoin and make benefit from it.
Thats why some government would like to ban bitcoin since they cant able to control it unlike on fiat which they do have the power to maipulate it into their hands which is really not good most of the time. Bitcoin is decentralized and Fiat is centralized thats the common thing that really differ on both currencies.

Most already did other are willing to accept it, as secondary payment which is good and can be very useful if some country is not in good state i mean financially, maybe this will be positive boost for them or may be something else, this is question that will be open for next year or two for debate in all fronts.

I sure hope that both sided can resolve differences and we can get both fiat and bitcoin in every day transaction, i know this is still SF but to be realistic i hope for it to happen.



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deisik
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December 19, 2016, 02:08:14 PM
 #532

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 the latter. Should we thus conclude that local currencies of small countries are not real money at all?

Very well stated, deisik.  I should copy that, memorize that, and tell that to everyone I know involved in money & investments

You're welcome!

Yeah, government can't dictate or manipulate the price of bitcoin. They can't stop if it will rise continuously. Only the users of bitcoin can dictate the price of it. If government will manipulate the price of bitcoin it will not be good for us because only them will benefit from the manipulation of it and not us. They will control the supply of bitcoin and make benefit from it.

While governments can't allegedly manipulate the price of bitcoin (though this is debatable, see the Chinese miners), they can easily make the lives of ordinary bitcoiners a lot heavier by setting all kinds of obstacles for using it (see the Great Bitcoin Firewall). Right now it may be prohibitively expensive for the governments to take any proactive steps against Bitcoin, and they are just allowing things to develop on their own. But if Bitcoin should grow and start threatening the financial powers of the governments, they could easily collude in, say, the US Security Council and declare Bitcoin universally outlawed...

For example, on the pretext of using it for drug trafficking, money laundering or terrorism financing

Potato Chips
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December 19, 2016, 02:33:02 PM
 #533

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?


What dollars don't have and bitcoin has are just by keeping your coins you can have a huge profits (Based on the capital) because of its price volatility, You are not tied by strict rules, low fees everytime you do a transaction, Anonymous (perfect in online gambling and has no tax. But it is not a wise decision to invest all your asset or 60%+ of it in bitcoin because it will be a gamble. It is still new and there will be always a risks like being dump , price getting lower and lower etc.

CORNEL
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December 19, 2016, 02:36:20 PM
 #534

AFAIK Bitcoin is more advanced than any normal money. It made me in love with its way of freedom to use and send it around the globe just with one click. It's more better to use it as remittance to transfer funds to our loved ones with comfort.

upsidedown75
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December 19, 2016, 08:58:35 PM
 #535

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?
Bitcoin and real money are a lot different, for example bitcoin is a lot easier to use when shopping than real money, all u need to do with bitcoin is send the money to the designated
Address, unlike real money that you need to enter your personal information every time you need to buy something from the internet which brings us to the second difference which is security, bitcoin is a lot more secure that real money because your bitcoin wallet address keeps changing that way your account is always safe from hackers.

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mrkevio
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December 19, 2016, 09:09:33 PM
 #536

AFAIK Bitcoin is more advanced than any normal money. It made me in love with its way of freedom to use and send it around the globe just with one click. It's more better to use it as remittance to transfer funds to our loved ones with comfort.

Only if we had more places, or better said more popular places and businesses we could pay with Bitcoin at... It's probably the disadvantage I hate the most when it comes to Bitcoin: the popularity. I know governments would not agree with the idea of it being popular, but I don't like having money that I cannot use. So that is why I have to only save for now... I don't have where to spend it at.

Superzpay
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December 19, 2016, 09:13:48 PM
 #537

AFAIK Bitcoin is more advanced than any normal money. It made me in love with its way of freedom to use and send it around the globe just with one click. It's more better to use it as remittance to transfer funds to our loved ones with comfort.

Only if we had more places, or better said more popular places and businesses we could pay with Bitcoin at... It's probably the disadvantage I hate the most when it comes to Bitcoin: the popularity. I know governments would not agree with the idea of it being popular, but I don't like having money that I cannot use. So that is why I have to only save for now... I don't have where to spend it at.
Nowadays the popularity is not a big problem as with the passage of time people are learning about it and the governments do not have any issue with bitcoin I think at least our government is not against bitcoin and I have heard that they will sooner accept bitcoin as a legal currency.

kwuccduck
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December 24, 2016, 01:45:37 PM
 #538

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?
Bitcoin and real money are a lot different, for example bitcoin is a lot easier to use when shopping than real money, all u need to do with bitcoin is send the money to the designated
Address, unlike real money that you need to enter your personal information every time you need to buy something from the internet which brings us to the second difference which is security, bitcoin is a lot more secure that real money because your bitcoin wallet address keeps changing that way your account is always safe from hackers.
Firstly, we all agree completely that today all people use real money, and only a very small part of them uses bitcoin. Some officials want to increase the value of bitcoin and do so only because of personal interest.
kreskko
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December 24, 2016, 02:34:25 PM
 #539

AFAIK Bitcoin is more advanced than any normal money. It made me in love with its way of freedom to use and send it around the globe just with one click. It's more better to use it as remittance to transfer funds to our loved ones with comfort.

Only if we had more places, or better said more popular places and businesses we could pay with Bitcoin at... It's probably the disadvantage I hate the most when it comes to Bitcoin: the popularity. I know governments would not agree with the idea of it being popular, but I don't like having money that I cannot use. So that is why I have to only save for now... I don't have where to spend it at.
Nowadays the popularity is not a big problem as with the passage of time people are learning about it and the governments do not have any issue with bitcoin I think at least our government is not against bitcoin and I have heard that they will sooner accept bitcoin as a legal currency.
I think the biggest and the main difference between Bitcoin and real money is the lack of control over users of bitcoin. Hence the absence of levy taxes.
Labumi
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December 24, 2016, 02:39:27 PM
 #540

AFAIK Bitcoin is more advanced than any normal money. It made me in love with its way of freedom to use and send it around the globe just with one click. It's more better to use it as remittance to transfer funds to our loved ones with comfort.

Only if we had more places, or better said more popular places and businesses we could pay with Bitcoin at... It's probably the disadvantage I hate the most when it comes to Bitcoin: the popularity. I know governments would not agree with the idea of it being popular, but I don't like having money that I cannot use. So that is why I have to only save for now... I don't have where to spend it at.
Nowadays the popularity is not a big problem as with the passage of time people are learning about it and the governments do not have any issue with bitcoin I think at least our government is not against bitcoin and I have heard that they will sooner accept bitcoin as a legal currency.
I think the biggest and the main difference between Bitcoin and real money is the lack of control over users of bitcoin. Hence the absence of levy taxes.

Mean you control what you mean ..?? . aren't we can control all the things that exist in the bitcoin..?? , so what do you mean that there are no obvious reasons. Indeed, we know that we cannot hold the bitcoin or have a physical form, but aren't we can easily to use the bitcoin for any thing accept bitcoin..? . If it was not something it could well control ..?? . Indeed now bitcoin no tax, but the tax will have a bitcoin. Cause something to pay taxes it must be recognized by the State requesting the tax


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