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Author Topic: Difference between Bitcoin and real money?  (Read 112547 times)
millgates
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January 26, 2017, 03:52:47 AM
 #641

There are lots of differences between bitcoin and the real money. first, bitcoin is an online currency therefore, it has no physical money unlike the real money. Next , bitcoin is decentralized while the real money are being controlled by the government. Third, bitcoin can be use without any identification while in real money, they can identify you because they can your face when buying something. There are still lots of differences between bitcoin and the real money.
I agree, a lot of differences between bitcoin and real money. Paper money can easily rip, burn even counterfeited. For the most important is bitcoin price will rise but fiat price will fall because of inflation.

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January 26, 2017, 04:25:47 AM
 #642

There are lots of differences between bitcoin and the real money. first, bitcoin is an online currency therefore, it has no physical money unlike the real money. Next , bitcoin is decentralized while the real money are being controlled by the government. Third, bitcoin can be use without any identification while in real money, they can identify you because they can your face when buying something. There are still lots of differences between bitcoin and the real money.
I agree, a lot of differences between bitcoin and real money. Paper money can easily rip, burn even counterfeited. For the most important is bitcoin price will rise but fiat price will fall because of inflation.

That's correct but I would also like to add that fiat can rise/increase in value against other fiats just like Bitcoin against Altcoins so fiat doesn't always devalue as a result of inflation but it can also gain value.



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January 26, 2017, 08:16:24 AM
 #643

There are lots of differences between bitcoin and the real money. first, bitcoin is an online currency therefore, it has no physical money unlike the real money. Next , bitcoin is decentralized while the real money are being controlled by the government. Third, bitcoin can be use without any identification while in real money, they can identify you because they can your face when buying something. There are still lots of differences between bitcoin and the real money.
I agree, a lot of differences between bitcoin and real money. Paper money can easily rip, burn even counterfeited. For the most important is bitcoin price will rise but fiat price will fall because of inflation.

That's correct but I would also like to add that fiat can rise/increase in value against other fiats just like Bitcoin against Altcoins so fiat doesn't always devalue as a result of inflation but it can also gain value.
yes that is right the economic conditions, the war and peace like conditions and the industrial stability of a country also cause the rise and fall of fiat. those countries who are economically so strong so their fiat has more value as compare to those countries where there is always war like situation like Afghanistan, so their fiat has a low value.
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January 26, 2017, 09:40:51 AM
 #644

Many people still don't understand about bitcoin, they assume the same as real money, but it's wrong. real money is the money that legalised by the State, while the bitcoin has not been legalised.
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January 26, 2017, 09:50:49 AM
 #645

Many people still don't understand about bitcoin, they assume the same as real money, but it's wrong. real money is the money that legalised by the State, while the bitcoin has not been legalised.
It is true that fiat is legalized by state and bitcoin is not but with that we cannot say that bitcoin is not like fiat because we can use bitcoin the same as fiat and people all over the world wo know about bitcoin accept it as money. It is also expected that in the future governments accept bitcoin as legal money.

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January 26, 2017, 10:47:34 AM
 #646

There are lots of differences between bitcoin and the real money. first, bitcoin is an online currency therefore, it has no physical money unlike the real money. Next , bitcoin is decentralized while the real money are being controlled by the government. Third, bitcoin can be use without any identification while in real money, they can identify you because they can your face when buying something. There are still lots of differences between bitcoin and the real money.
I agree, a lot of differences between bitcoin and real money. Paper money can easily rip, burn even counterfeited. For the most important is bitcoin price will rise but fiat price will fall because of inflation.
i think paper money value is no decreasing. because its value depend on states economic conditions. but if bitcoin is becoming more and more popular then fiat uses can be decreases. but i think there is not going to happen to fiat in near future. because the users of bitcoins are not too much. therefore it will take a lot of time when users of bitcoin will increase.
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January 26, 2017, 10:50:09 AM
 #647

Very clear difference, bitcoin can we use 2 functions to payments and investment if the price rises, while the money only to means of payment, it cannot be used for investment, because its value is always down.
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January 26, 2017, 10:54:23 AM
 #648

Actually to find difference between bitcoin and real money is a complicated task but still you can feel it easily that what the differences .
Because we can handle our own bank money at our finger tips like bitcoin .  Since we are , almost most of the bitcoiner  like me , are small bitcoiner to play with small amount of money .
So no much difference between bitcoin and real money for small deals .
But the big , that I thinking  in bitcoin is , advantage is to find a work to get earn in bitcoin. . Here in bitcoin unlimited numbers of way to start your job and make earning from mobile by sitting at home but  in real money you will get only jib of hard work .
So in bitcoin we have ease to get earning money .


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January 26, 2017, 01:02:41 PM
 #649

Very clear difference, bitcoin can we use 2 functions to payments and investment if the price rises, while the money only to means of payment, it cannot be used for investment, because its value is always down.
I think you are wrong, and we have a very limited place to invest our bitcoins and only those who accept bitcoins in that business only we can able to invest. But the real money is not like that the value is down I agree but you can invest in any business, and there is no limit for this, and real money investing is a legal method.
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January 26, 2017, 01:09:04 PM
 #650

Bitcoin is a decentralized electronic currency that derives its value from supply and demand as well as trust in the system. The network uses complex math to verify transactions, and the people that volunteer their computing power to the network, or “miners”, are generated bitcoins as a reward for their efforts. Customers are anonymous in that they are not directly identified under FATF standards. However, to obtain full anonymity, customers have to take additional precautions. Bitcoin is not regulated in most places, although some countries have adopted some early regulations or rules.

While both Bitcoin and E-money harness the power of the web and mobile, they are still very different.

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January 26, 2017, 01:12:33 PM
 #651

Bitcoin and real money has differences when it comes to appearance and their value. Real money is visible and can be touch and its value is based on its FACE VALUE, on what is written on it.  While, BITCOIN is only imaginary, and its value is based on the market value (demand and supply).  
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January 26, 2017, 01:26:20 PM
 #652

The difference between bitcoin and fiat is that, bitcoin is a cryptocurrency and fiat is not. Bitcoin can be only use in the virtual world unless you convert it to fiat, for you to use it in the real world, and fiat can be use to both, but using fiat in transactions in the virtual world is slower than using bitcoin and so on. There is a lot of differences actually between this two, and it will take time for me to comment all those differences here so, I've just mention some.

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January 26, 2017, 01:38:16 PM
 #653

Bitcoin and real money has differences when it comes to appearance and their value. Real money is visible and can be touch and its value is based on its FACE VALUE, on what is written on it.  While, BITCOIN is only imaginary, and its value is based on the market value (demand and supply).  
Bitcoin isn't only imaginary, but a real crypto currency that can be used to purchase stuff online and can be converted to fiat money or real money. Real money's value is also based on foreign exchange(forex). Hence, bitcoin can be only used to exchange goods and convert online while fiat money(real money) can be used online and in real world.

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January 26, 2017, 01:42:48 PM
 #654

Bitcoin and real money has differences when it comes to appearance and their value. Real money is visible and can be touch and its value is based on its FACE VALUE, on what is written on it.  While, BITCOIN is only imaginary, and its value is based on the market value (demand and supply).  
correctly . bitcoin value can change very quickly. while the real value of money is more binding and also last a long time.
bitcoin have price movements are sometimes very extreme.

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CoinFoxs
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January 26, 2017, 01:52:25 PM
 #655

Main difference between bitcoin and real money is that bitcoin price is not stable and change by its demand and supply in the market while real money has fixed price and there is no affect on the price of real money by it supply and demand in the market. Bitcoin's price fluctuate with time and real money's price  has no fluctuation.






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Kolder
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January 26, 2017, 01:54:38 PM
 #656

Bitcoin and real money has differences when it comes to appearance and their value. Real money is visible and can be touch and its value is based on its FACE VALUE, on what is written on it.  While, BITCOIN is only imaginary, and its value is based on the market value (demand and supply).  
correctly . bitcoin value can change very quickly. while the real value of money is more binding and also last a long time.
bitcoin have price movements are sometimes very extreme.

Lol. I don't see the logic the above post that you agreed on. First of all. Bitcoin has a physical form and not not imaginary. We are not wasting time here if it is just imaginary. Bitcoin physical is same value as face value. 1 bitcoin is still 1 bitcoin. I think you mean the value bitcoin to other currencies. Just like Fiat it's value is changing to on other currency but 1$ is still 1$ even if its equivalent value to other currency is changing. The only difference of the two is their legality and stableness

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January 26, 2017, 01:56:35 PM
 #657

In many ways Bitcoin is similar to traditional currencies: it is recognised and has a value, it can be used to buy things, and its value can change according to market variables. Increased demand for Bitcoin over the last few years has seen an increase in its circulation and its value.

Unlike most traditional currencies, however, Bitcoin is not bound to an institution or country. It is in a sense, international, and it is not subject to authorities like banks or governments that are typically associated with other currencies.
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January 26, 2017, 02:03:05 PM
 #658

The difference between bitcoin and fiat is that, bitcoin is a cryptocurrency and fiat is not. Bitcoin can be only use in the virtual world unless you convert it to fiat, for you to use it in the real world, and fiat can be use to both, but using fiat in transactions in the virtual world is slower than using bitcoin and so on. There is a lot of differences actually between this two, and it will take time for me to comment all those differences here so, I've just mention some

Digital fiat is as cryptographic as any other cryptocurrency out there

It is the fact that it is not issued in the same way as other currencies which are considered as "cryptic" (i.e. it is not mined by independent individuals) that distinguishes it from cryptocurrencies like Bitcoin and Co. In fact, you can't even say than modern fiat is fully centralized since new fiat (at least, non-cash part of it) is put into circulation by separate commercial banks which may well match the mining farms. This point is not to be challenged because this is only an analogy. If anyone is still looking for a challenge though, try challenging the fact that fiat is not as centralized as many happen to think

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January 26, 2017, 02:06:13 PM
 #659

Bitcoin and real money has differences when it comes to appearance and their value. Real money is visible and can be touch and its value is based on its FACE VALUE, on what is written on it.  While, BITCOIN is only imaginary, and its value is based on the market value (demand and supply).  
I think you misunderstood the quantity and value of fiat and bitcoin. Do you not know that bitcoin also have a face value like it is that much which is written on it! for example 1 bitcoin will always be 1 bitcoin the same as 1 dollar will always be 1 dollar. But both of them have value increasing and decreasing depending on its demand.

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January 26, 2017, 02:29:30 PM
 #660

The difference between bitcoin and fiat is that, bitcoin is a cryptocurrency and fiat is not. Bitcoin can be only use in the virtual world unless you convert it to fiat, for you to use it in the real world, and fiat can be use to both, but using fiat in transactions in the virtual world is slower than using bitcoin and so on. There is a lot of differences actually between this two, and it will take time for me to comment all those differences here so, I've just mention some.

Yeah you are right. Bitcoin is a cryptocurrency  and fiat is not. But i dont agree with your opinion that bitcoin can be used only in virtual world. What do you mean by the virtual world ? That means you are not still clear with the term bitcoin. Its just like any other currency.Only thing is its digital .thats it . You can use it to buy all the stuffs what you get with fiat currency. thats it. Its like a any other currency. You can consider its like USD or EURO or anything.The only difference is its digital. Offcourse there are so many differences that makes bitcoin everyone's favorite.

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