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Author Topic: Difference between Bitcoin and real money?  (Read 110683 times)
Bitcotalk
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February 05, 2017, 02:54:52 PM
 #741

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?


Well for me, the difference between bitcoin into real money is that bitcoin is quite risky since the price is not stable (increasingly, decrease) but bitcoin is more advantage from real money since you can use it in many ways (e.g., buying through online, paying bills). Since now and then, users would more used and adopt bitcoin because it will be like a real money or the future money in the next future, easy and convenient to use, safer than real money
It was having some risk in the past but now bitcoin is much better as a currency and as an investment because the risk now no more remain in current time. Now everyone if will store their money in bitcoin then they will not worry for it as before they were in as the price of bitcoin now increasing more higher and anyone if will invest in bitcoin will get a profit from that investment.

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February 05, 2017, 02:59:46 PM
 #742

Bitcoin is digital and cryptographic, so theoretically it is safer than fiat, aka real money, no matter it is paper or digital, fiat is an inflationary currency, bank prints new money to the circulation, so the fiat money keeps devaluation. In the contrary, bitcoin is deflationary, so its value keeps increase in recent years.
it is possible to say yes. but bitcoin does not always increase every year. there are times when prices decline. This makes an advanced bitcoin currency unique. digital currency can move very quickly.

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February 05, 2017, 03:21:06 PM
 #743

Bitcoin is digital and cryptographic, so theoretically it is safer than fiat, aka real money, no matter it is paper or digital, fiat is an inflationary currency, bank prints new money to the circulation, so the fiat money keeps devaluation. In the contrary, bitcoin is deflationary, so its value keeps increase in recent years.
it is possible to say yes. but bitcoin does not always increase every year. there are times when prices decline. This makes an advanced bitcoin currency unique. digital currency can move very quickly.
Correct that is why bitcoin world is hooked by many people because of its uniqueness. Its value changes from time to time. Unlike money its value relies on its face value and can be use everywhere. It is just that money is convenient to use as per now, bitcoin is just good in using investment and trading.

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February 05, 2017, 03:35:13 PM
 #744

Bitcoin is digital and cryptographic, so theoretically it is safer than fiat, aka real money, no matter it is paper or digital, fiat is an inflationary currency, bank prints new money to the circulation, so the fiat money keeps devaluation. In the contrary, bitcoin is deflationary, so its value keeps increase in recent years.
Although bitcoin safer than fiat money, bitcoin is still not accepted by the wider community,
in contrast to fiat money, which had long been so public confidence. and that's the difference
between bitcoin and real money, about the confidence of the community.

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February 05, 2017, 03:58:13 PM
 #745

Bitcoin is digital and cryptographic, so theoretically it is safer than fiat, aka real money, no matter it is paper or digital, fiat is an inflationary currency, bank prints new money to the circulation, so the fiat money keeps devaluation. In the contrary, bitcoin is deflationary, so its value keeps increase in recent years.
Although bitcoin safer than fiat money, bitcoin is still not accepted by the wider community,
in contrast to fiat money, which had long been so public confidence. and that's the difference
between bitcoin and real money, about the confidence of the community.

OK, you are right here, confidence of community (or public) is the most important thing for any new product.
If public can't accept some new product or service, it will fail.
We are still not mainstream, but more and more people every day using bitcoin, more merchants accepting bitcoin payments, more btc ATM's, btc debit cards etc.
I really feel that we are close to become mainstream.
In fact, bitcoin have everything people wants today: anonymity, security and no government control.

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February 05, 2017, 04:10:32 PM
 #746

difference bitcoin has advantages in terms of its value increasingly rising,in contrast to real money drop price bitcoin more desirable because stable prices but bitcoin has a great risk of losing rather than real money dependent people who have a need bitcoin or real money,choose a digital money or real money is the same because all for payment transactions.

The things mentioned above are characteristic of Bitcoin and real money. But just tell me one thing, Is bitcoin not real money ?
Bitcoin is a real money in itself and is not a fake money  Wink  The Question should be different between Bitcoin and local money ?  

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February 05, 2017, 04:16:35 PM
 #747

Decentralization and regulations, mainly. You could still use both for transactions and exchanges and such, but the former doesn't have something to control nor change how it should be delivered to the masses. Also, bitcoin is as open as it can get whereas fiat? Shady transactions happening behind the eyes of the people.

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February 05, 2017, 05:27:35 PM
 #748

difference bitcoin has advantages in terms of its value increasingly rising,in contrast to real money drop price bitcoin more desirable because stable prices but bitcoin has a great risk of losing rather than real money dependent people who have a need bitcoin or real money,choose a digital money or real money is the same because all for payment transactions.

The things mentioned above are characteristic of Bitcoin and real money. But just tell me one thing, Is bitcoin not real money ?
Bitcoin is a real money in itself and is not a fake money  Wink  The Question should be different between Bitcoin and local money ? 
Bitcoin is digital currency we can use it for only online transaction. But real money you can use it for both online and offline transaction. The physical money has more value than Bitcoin. Many people don't have access to use bitcoin directly in the real world. They will convert Bitcoin to local currency and use that money for their personal needs. And BTC transaction we can not track but real money transaction we can track.
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February 05, 2017, 06:57:45 PM
 #749

difference bitcoin has advantages in terms of its value increasingly rising,in contrast to real money drop price bitcoin more desirable because stable prices but bitcoin has a great risk of losing rather than real money dependent people who have a need bitcoin or real money,choose a digital money or real money is the same because all for payment transactions.

The things mentioned above are characteristic of Bitcoin and real money. But just tell me one thing, Is bitcoin not real money ?
Bitcoin is a real money in itself and is not a fake money  Wink  The Question should be different between Bitcoin and local money ?  
from real money here he OP means the physical and the virtual money. in fact there is no physical existence of bitcoin and we use it as digital currency therefore he is not using  the term real money for it, otherwise every one is accepting the fact that bitcoin is also a real money and not a fake one.

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February 06, 2017, 12:13:18 AM
 #750

I'm more suited bitcoin, just because I do not have control over the state. Authorities are cashing in on people, without thinking about our welfar...

DeepOnion it is SCAM
And fuck this coin Smiley
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February 06, 2017, 12:31:26 AM
 #751

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's simple bitcoins value increases dramatically every day . If you know more on bitcoin you'll will never think twice to invest on it . Here in forum you can learn more on bitcoin, such as things like wallet,transaction,signature campaign, trading or investing. If you have wallet like coin.ph you can do more out of bitcoin .And so far the value of bitcoin is increasing so it's the best time to invest in Bitcoin than real money.


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February 06, 2017, 05:15:58 AM
 #752

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's simple bitcoins value increases dramatically every day . If you know more on bitcoin you'll will never think twice to invest on it . Here in forum you can learn more on bitcoin, such as things like wallet,transaction,signature campaign, trading or investing. If you have wallet like coin.ph you can do more out of bitcoin .And so far the value of bitcoin is increasing so it's the best time to invest in Bitcoin than real money.
The people are still very less knowledge about this cryptocurrency (Bitcoin).
Whereas investment with bitcoin is the best long term investment for now.
In contrast with real money that is not good for investment.

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February 06, 2017, 06:31:29 AM
 #753

I'm more suited bitcoin, just because I do not have control over the state. Authorities are cashing in on people, without thinking about our welfar...

With me, I prefer to use both because it's better if I'm going to use bitcoin in virtual shopping and real money for the things that I need in real life.

And that's the difference of it, bitcoin can be used for online shopping while we can't use it directly because the shops that do accept it are still few.

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positivezero
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February 06, 2017, 10:42:57 AM
 #754

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?


Well for me, the difference between bitcoin into real money is that bitcoin is quite risky since the price is not stable (increasingly, decrease) but bitcoin is more advantage from real money since you can use it in many ways (e.g., buying through online, paying bills). Since now and then, users would more used and adopt bitcoin because it will be like a real money or the future money in the next future, easy and convenient to use, safer than real money
Yes, I agree with you.
I think the difference between bitcoin and the real money, is that bitcoin price always changing, Maybe increase or decrease as you said. But i think bitcoin is more important than currency in the long duration. because now, if you buy bitcoin, you can probably get a good profit in the near future as we saw that bitcoin price increase slowly nowdays. so the differance is here.

exactly, to users in bitcoin well they would prefer to say that bitcoin is more important than real money but what if a person didn't know about bitcoin? well they also prefer to say that real money is more important than any other cryptocurrency. Both of it is important but it depends to every person where they choose between to it

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Michel de Montaigne
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February 06, 2017, 10:59:35 AM
 #755

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 is more advantageous than other investment vehicles.
There are high ups and downs in BTC price during the day. You can profit from this price fluctuations if you can get in the right place and get out of the right place.
Price changes in other investment vehicles are not so much.
rivoke
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February 06, 2017, 11:01:55 AM
 #756

...

Bitcoin is more advantageous than other investment vehicles.
There are high ups and downs in BTC price during the day. You can profit from this price fluctuations if you can get in the right place and get out of the right place.
Price changes in other investment vehicles are not so much.

Bitcoin still consider as risky investment  so IMO , the best investment still property and land.
Recently bitcoin become popular when it able reach $ 1500 that interest more people to invest bitcoin compare people to save their own local currency / money

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HarringtonStark
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February 06, 2017, 11:23:54 AM
 #757

I use Bitcoins because I don't have to put it in a bank because my Bitcoin wallet is my own bank. Bitcoins are more secure and the payment is not reversible so no chargebacks on online payments.

Mine Bitcoins while using your PC or Laptop, anytime and anywhere.
.
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roadbits
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February 06, 2017, 12:43:06 PM
 #758

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 first point is acceptable if you have real currency then no need to convert that into Bitcoins. You can invest directly through $. But if you want to invest in any casino sites you need to convert BTC to $ they will accept digital currency and why you need to invest only BTC means the price is very high and in future, it cross 1500$ per BTC you will get good profit. Second point if we do online gambling with $ you need to pay through credit/Debit cards all transaction will be track, so if gambling is illegal in your country you will get problems from your IT department.
t2yax
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February 06, 2017, 01:23:27 PM
 #759

I use Bitcoins because I don't have to put it in a bank because my Bitcoin wallet is my own bank. Bitcoins are more secure and the payment is not reversible so no chargebacks on online payments.

Instead on saving on bitcoin wallet, you can invest it. If you want fast money go invest it, but if you only want slow money earnings, wait for the bitcoin value to go high. Instead of waiting for the bitcoin value to go high, just go with it to invest it. If you are investing large amount of money, you can earn faster and faster

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crwth
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February 06, 2017, 03:06:41 PM
 #760

I use Bitcoins because I don't have to put it in a bank because my Bitcoin wallet is my own bank. Bitcoins are more secure and the payment is not reversible so no chargebacks on online payments.

Instead on saving on bitcoin wallet, you can invest it. If you want fast money go invest it, but if you only want slow money earnings, wait for the bitcoin value to go high. Instead of waiting for the bitcoin value to go high, just go with it to invest it. If you are investing large amount of money, you can earn faster and faster

I agree that Bitcoin is your own bank and you don't have to worry about your money being handled by a stranger. For the investing part, I would like to try some investments that could yield a good profit. Since not all investments are good, there would probably be a negative one where it can fail (hopefully it won't). Just try to diversify it.



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