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Author Topic: Difference between Bitcoin and real money?  (Read 110686 times)
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September 11, 2016, 07:11:11 PM
 #61

Because "real" money (dollars) always lose its value. But bitcoin will probably gain a LOT of value. It has been 2000$ at some point of time and it is increasing right now. Digital currency will replace "real" ones.

What has been $2000? ... Bitcoin's price has never been higher than $1151 ....back in 2014 {Willybot days} Yes, it is increasing in value, but

it's not to say that it will ever reach those levels again. We are hoping it will happen, and that it will rise higher than that price.. but their is NO

guarantees that it will happen.  Roll Eyes

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September 11, 2016, 07:35:44 PM
 #62

Because "real" money (dollars) always lose its value. But bitcoin will probably gain a LOT of value. It has been 2000$ at some point of time and it is increasing right now. Digital currency will replace "real" ones.

Everyone wants to be bitcoin's price 2000$ and higher but it isn't and wasn't in past, you are wrong and also it's really indeterminable if it will happen in future.

And now, I'll answer this topics question.
The real difference between bitcoin and real money is that you can mine bitcoin at home with using electricity but you can't mine money, it only govermant can to publish. Virtuality is now on it's top and bitcoin is also top in virtual cryptocurrency. Another difference is that bitcoin isn't very stable, it's price is going up and down.

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September 11, 2016, 07:40:02 PM
 #63

For me bitcoin is real money, i just need to sell it then withdraw the money to my bank account but every person have their own point view but whatever about it bitcoin has give you much benefit from every side in your life.

Bitcoin probably is real money the question is if what are the differences between bitcoin and other fiat currencies? And i think the biggest different is that in bitcoin you are your own bank and you control what you have but about other currencies they are under control of governments.

I agree with your points first of all bitcoin is also a real money, and the other currencies are called as fiat, and as with bitcoin we are our own boss and the government cannot control our money and cannot estimate our bitcoins so it make bitcoin a different currency from fiat, and other point is that we can transact bitcoin to every part of the world.

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September 11, 2016, 07:44:54 PM
 #64

For me bitcoin is real money, i just need to sell it then withdraw the money to my bank account but every person have their own point view but whatever about it bitcoin has give you much benefit from every side in your life.

Bitcoin probably is real money the question is if what are the differences between bitcoin and other fiat currencies? And i think the biggest different is that in bitcoin you are your own bank and you control what you have but about other currencies they are under control of governments.

I agree with your points first of all bitcoin is also a real money, and the other currencies are called as fiat, and as with bitcoin we are our own boss and the government cannot control our money and cannot estimate our bitcoins so it make bitcoin a different currency from fiat, and other point is that we can transact bitcoin to every part of the world.
yes that is the fact and bitcoin has the same value every where. and the other difference is that bitcoin is anonymous while fiat currency is  not anonymous. bitcoin is a regional currency where as bitcoin is a not a regional currency but a global currency.
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September 11, 2016, 09:19:13 PM
 #65

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?

Hey friend, first of all welcome to the bitcoin world of wonders. See why we all use bitcoins and buy bitcoins is that because bitcoins is a asset, I mean the price of bitcoins in past has jumped enormously and I think the biggest price fluctuation I ever heard was with bitcoin's price. And the price right now is nothing as compared to what it can be in coming years.


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September 11, 2016, 09:26:12 PM
 #66

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?

You can easily invest your cash into stocks and put it away into saving with real money, yes, and that isn't something that bitcoin is supposed to do better than cash.

If you want to gamble, it is far better and easier to gamble using Bitcoin because withdrawals typically take a much shorter time compared to most online casinos, and the income that comes from it is far less traceable and taxable than normal funds being moved.

Bitcoin does offer next to no taxes (with the only tax being a miner's fee), and it does overall give you a larger income because of this. Bitcoin is more traceable, technically, than cash, however it is far more secure and you can make multiple copies of the same thing to protect it, unlike basically everything in real life where there is one copy of it and if that copy is destroyed it is gone.
Moreover, we spend our cash much quicker than bitcoins and hence bitcoins act as a savings. Who would not like to see his cash grow ? and thats what bitcoins offers us, we earn while we save so this makes bitcoins special. I use bitcoins though for gambling and other spending mostly.



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September 11, 2016, 09:29:36 PM
 #67

Bitcoin was created to be completely independent of governments and banks. It does have some regulation by some governments, so you could say that governments have some influence, but they don't control the amount in circulation or the value in a direct way. It is also a completely electronic form of money.
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September 11, 2016, 09:56:07 PM
 #68

Real money is for banks. You make an account there, have to show them all your details like name passport and so on.
So there is always a connection between you and the money you spend or receive.
With bitcoin there is no such connection. The money can be traced easily, yes. But nobody know the person who sends or receives the bitcoins.

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September 11, 2016, 10:08:06 PM
 #69

Because "real" money (dollars) always lose its value. But bitcoin will probably gain a LOT of value. It has been 2000$ at some point of time and it is increasing right now. Digital currency will replace "real" ones.

What has been $2000? ... Bitcoin's price has never been higher than $1151 ....back in 2014 {Willybot days}

Small correction - It was in 2013 that the price reached its all time high. After that, the price tanked deeply to below $600, to then jump to over $900 again in the early days of 2014. After that you know what happened. Lips sealed

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September 11, 2016, 11:15:11 PM
 #70

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 dollars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

For me difference between Bitcoin and real money is using bitcoin I can buy instant anything from all over the world but using real money I can not.In my country have lots of restriction.we can not send money using WU or Moneygram we only just receive money using WU or Moneygram.
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September 12, 2016, 02:48:43 AM
 #71

Because "real" money (dollars) always lose its value. But bitcoin will probably gain a LOT of value. It has been 2000$ at some point of time and it is increasing right now. Digital currency will replace "real" ones.
The worst sentences I saw today. maybe will better if you're starting for reading and learning more about fiat and bitcoin because your mind just trapped in the dark place.

,
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September 12, 2016, 02:51:16 AM
 #72

Because "real" money (dollars) always lose its value. But bitcoin will probably gain a LOT of value. It has been 2000$ at some point of time and it is increasing right now. Digital currency will replace "real" ones.
The worst sentences I saw today. maybe will better if you're starting for reading and learning more about fiat and bitcoin because your mind just trapped in the dark place.

i think he is just new in the world of bitcoin and altcoins . He is just learning about it. But that sentence is opposite so it is correct but try to read more about bitcoin and learn Smiley


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September 12, 2016, 09:36:48 AM
 #73

There is a big difference between Bitcoin and the real money, Not all businesses they accept bitcoin, but in real money can use it wherever you go if you want buy something they will accept it as payment unlike Bitcoin is not like that. But the good thing about in bitcoin whatever country it is you send  money transfer into it.

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StarofBTC
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September 12, 2016, 10:05:19 AM
 #74

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.
Another fact is that in countries like India and many other where gambling is not so popular and hardly any casinos then you have to find real people for gambling which is always risky, with bitcoins this problem gets solved too and along with this I think main reason I buy bitcoins is for price increase.

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September 12, 2016, 10:46:29 AM
 #75

Real money is for banks. You make an account there, have to show them all your details like name passport and so on.
So there is always a connection between you and the money you spend or receive.
With bitcoin there is no such connection. The money can be traced easily, yes. But nobody know the person who sends or receives the bitcoins.

For now. You can bet that this feature will disappear once Bitcoin goes mainstream and gets regulated. It also makes Bitcoin the ideal money transfer system for criminals and terrorists. Personally I would have no problem verifying my identity to use Bitcoin, I'm not fussed about anonymity. There would be a lot less scam if people had their real identities tied to their Bitcoin accounts/addresses.
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September 12, 2016, 11:16:12 AM
 #76

Because "real" money (dollars) always lose its value. But bitcoin will probably gain a LOT of value. It has been 2000$ at some point of time and it is increasing right now. Digital currency will replace "real" ones.

What has been $2000? ... Bitcoin's price has never been higher than $1151 ....back in 2014 {Willybot days} Yes, it is increasing in value, but

it's not to say that it will ever reach those levels again. We are hoping it will happen, and that it will rise higher than that price.. but their is NO

guarantees that it will happen.  Roll Eyes
That is true. But maybe he is talking about a different currency and not USD. But the price of Bitcoin increases whereas the value of fiat doesn't. Investing in Bitcoin is clearly the better option.

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September 12, 2016, 01:34:57 PM
 #77

The most important difference between Bitcoin and real money is ----

Bitcoin can be generated with hash power but we cannot print fiat money. Generated bitcoins can be sale in market for fiat currency but we cannot sell fiat currency with higher price in market bcz it have specified value and its granted.

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September 12, 2016, 01:38:10 PM
 #78

The difference between the real money and the bitcoin is that real money is always needed and bitcoins can be convert to real money but you cant buy just anything with it.
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September 12, 2016, 07:01:24 PM
 #79

The difference between the real money and the bitcoin is that real money is always needed and bitcoins can be convert to real money but you cant buy just anything with it.
The difference between bitcoin and real money is that with real money, you can easily spend them whenever you need them to in the country/area where it can be used, unlike bitcoin, although used internationally, there's only a few shops/people that accept bitcoin as a currency or payment.



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MONKEYJUNK
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September 12, 2016, 07:14:33 PM
 #80

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?


If you don't have knowledge about speculation, is better you don't spend your money with speculation...
You have to know the risks...

Bitcoin have a fast transfer, low taxes, I'm here because of this Wink Also is more secure than any other fiat. You can print money here
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