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Author Topic: Difference between Bitcoin and real money?  (Read 110683 times)
Qunenin
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February 22, 2017, 04:07:55 PM
 #921

Too many facts. Bitcoin is safe, easy to transfer, low inflation, decentralized.

That's the advantage of bitcoin with real money but let's don't set aside that there are also disadvantage with bitcoin that people are saying. And one of it is that many are saying that it is being used by very few people and the price of it is being manipulated by many whales which is somehow true. But bitcoin will be the best investment for me.

Exactly, the fact of bitcoin really do matter and flowing with the mind of its users and it is its big advantage compare to the real money we have.
But then, its users is just too few compare to the real money users it is all over the world.
Maybe the most difference between the two is the fast transaction given by bitcoin and the most use of real money in our daily lives.

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February 22, 2017, 05:47:43 PM
 #922

I think so much that distinguishes between real money and bitcoin. transactions using real money, I think is happening so fast, because it occurs directly. today, bitcoin transaction to be so slow. so, it is one difference.
That can be one difference but technically there are so many differences like the price of currency doesn't increase even if it increases it doesn't make any difference while bitcoins price keeps changing time to time.

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February 22, 2017, 06:32:22 PM
 #923

I think so much that distinguishes between real money and bitcoin. transactions using real money, I think is happening so fast, because it occurs directly. today, bitcoin transaction to be so slow. so, it is one difference.
That can be one difference but technically there are so many differences like the price of currency doesn't increase even if it increases it doesn't make any difference while bitcoins price keeps changing time to time.
Why Bitcoin is becoming more popular in the digital market just because of the BTC price. If the price stable like real currency then no one will use this bitcoin. But bitcoin have one big advantage what means we can not duplicate this currency. But we can make duplicate real currency. Fake notes we can print and release in the market, this is big disadvantage of real currency. Transaction wise both will take the same time to confirm payment.
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February 22, 2017, 06:36:38 PM
 #924

I think so much that distinguishes between real money and bitcoin. transactions using real money, I think is happening so fast, because it occurs directly. today, bitcoin transaction to be so slow. so, it is one difference.
That can be one difference but technically there are so many differences like the price of currency doesn't increase even if it increases it doesn't make any difference while bitcoins price keeps changing time to time.
Well that was a big difference money is stable one and bitcoin is keep changing in time to time..
But if there is no money bitcoin has no value.. so they are both important.. and we are getting benefits of the price increase of bitcoin while we are exchanging it into real money if the price is low again we can buy again using real money. so each of one has role and they are both important.

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February 23, 2017, 12:23:18 AM
 #925

Bitcoin can be used only for online marketing. It cannot be used for physical use.   Still many countries use real money and many people don not know about online transaction. It is impassible to use bitcoin by the people those who do not know about online transaction. But real money is used by all kind of people.     

People have not been using paper money for a long time. Now we buy everything online with credit card. Our salaries are based on my internet account.

Actually, we have not been using real money for a long time. Bitcoin is fully engaged here. We can buy everything we buy online with bitcoin.

There are also many shops that accept bitcoins in real life.

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February 23, 2017, 12:29:28 AM
 #926

Bitcoin can be used only for online marketing. It cannot be used for physical use.   Still many countries use real money and many people don not know about online transaction. It is impassible to use bitcoin by the people those who do not know about online transaction. But real money is used by all kind of people.     

People have not been using paper money for a long time. Now we buy everything online with credit card. Our salaries are based on my internet account.

Actually, we have not been using real money for a long time. Bitcoin is fully engaged here. We can buy everything we buy online with bitcoin.

There are also many shops that accept bitcoins in real life.

maybe in some countries it is not still that useful though for some who really into online shopping, online marketing and anything related in internet there is no more need in paper money, in our country there is still a need to cash out btc into real money.

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February 23, 2017, 01:50:23 AM
 #927

bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin  Smiley
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February 23, 2017, 02:23:50 AM
 #928

Bitcoin can be used only for online marketing. It cannot be used for physical use.   Still many countries use real money and many people don not know about online transaction. It is impassible to use bitcoin by the people those who do not know about online transaction. But real money is used by all kind of people.     

People have not been using paper money for a long time. Now we buy everything online with credit card. Our salaries are based on my internet account.

Actually, we have not been using real money for a long time. Bitcoin is fully engaged here. We can buy everything we buy online with bitcoin.

There are also many shops that accept bitcoins in real life.

maybe in some countries it is not still that useful though for some who really into online shopping, online marketing and anything related in internet there is no more need in paper money, in our country there is still a need to cash out btc into real money.
let alone the future where technology will be more advanced of course paper money will be left behind. people will be more comfortable using digital money. cash or real money will be lost with digital money. bitcoin might also be more in the know
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February 23, 2017, 02:32:01 AM
 #929

bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin  Smiley
Fixed value is not an advantage. Exchange money is still needed for real money(fiat) transactions. so bitcoin is more flexible to use than fiat. although the price of bitcoin now is not stable but still good for investment.


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February 23, 2017, 02:48:40 AM
 #930

I have found Bitcoin few months back. Bitcoin is a currency. It's convert to real money.If we wanna use it like buy something real thinks then it's need to convert to real money. Here the main difference between bitcoin&real money.
I do not see difference between bitcoin and fiat (real money). The difference is just in that bitcoin is decentralized and bitcoin is still not accepted in everywhere like fiat. But bitcoin is spreading over the world and I have heard about some tryings of it's centralizing.
There are many differences between Bitcoin and Fiat and I doubt that fiat can be as great as Bitcoin. Bitcoin is created based on the algorithm and the decentralization while FIAT is created by the government and used to control the people. And the government can print as many cash as they want and it causes the big inflation. In contrast, we can only produce 21 million Bitcoin by mining and thanks to this feature, there is always the deflation in Bitcoin

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February 23, 2017, 03:19:32 AM
 #931

bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin  Smiley
Fixed value is not an advantage. Exchange money is still needed for real money(fiat) transactions. so bitcoin is more flexible to use than fiat. although the price of bitcoin now is not stable but still good for investment.
to issue real money can also be flexible. but for remote transactions. bitcoin certainly more favored than with real money. because digital money can be used wherever and for a great distance even

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February 23, 2017, 04:12:09 AM
 #932

bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin  Smiley
Fixed value is not an advantage. Exchange money is still needed for real money(fiat) transactions. so bitcoin is more flexible to use than fiat. although the price of bitcoin now is not stable but still good for investment.
to issue real money can also be flexible. but for remote transactions. bitcoin certainly more favored than with real money. because digital money can be used wherever and for a great distance even
That's not my understanding, what I have been witnessing now is big countries are more dominant in using bitcoin that in poor countries, in remote areas people does not have the full knowledge about bitcoin and they are not interested with the technology since they cannot adopt anyway.
Real money are use in poor countries poverty is a big problem so we cannot really expect there will be a rampant usage of bitcoin anywhere in the world.

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February 23, 2017, 04:53:38 AM
 #933

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 is good that you want to know the bitcoin advantage .
But , first of all who said you to invest your money in bitcoin or to buy Bitcoin stocks .
Here I will suggest your to first understand Bitcoin throughout .
Herr Bitcoin and real money both are the same and can use both for same but privacy in bitcoin is more than in real .
No one can tax us in bitcoin and also no one can identify you through your payment account bank or adress .
So Herr we can say that it is totally the privacy for the use to use money online .
Here in bitcoin unlimited numbers of the ideas are avalaible to make earning with and without investment Cool


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February 23, 2017, 04:54:45 AM
 #934

bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin  Smiley
Fixed value is not an advantage. Exchange money is still needed for real money(fiat) transactions. so bitcoin is more flexible to use than fiat. although the price of bitcoin now is not stable but still good for investment.
to issue real money can also be flexible. but for remote transactions. bitcoin certainly more favored than with real money. because digital money can be used wherever and for a great distance even

That is the most simple way to differentiate bitcoin to real money. You can spend your bitcoin wherever you are anytime. Unlike in real money there are ways to use it directly. You need to go to some banks to deposit and withdraw fiat which in bitcoin you can do that conveniently and easily. With bitcoin you have your own bank and you have the privacy to secure it well.

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Rostadom
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February 23, 2017, 03:42:02 PM
 #935

I think so much that distinguishes between real money and bitcoin. transactions using real money, I think is happening so fast, because it occurs directly. today, bitcoin transaction to be so slow. so, it is one difference.
That can be one difference but technically there are so many differences like the price of currency doesn't increase even if it increases it doesn't make any difference while bitcoins price keeps changing time to time.
Well that was a big difference money is stable one and bitcoin is keep changing in time to time..
But if there is no money bitcoin has no value.. so they are both important.. and we are getting benefits of the price increase of bitcoin while we are exchanging it into real money if the price is low again we can buy again using real money. so each of one has role and they are both important.

Eventually, we will not be depending on fiat money. 10k$ per coin is a clear indicator that a lot of people are already using bitcoins and merchants are starting to accept it. At that time, even when money has no value, bitcoin would still have value because the prices of items for sale will be based on bitcoins.

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February 23, 2017, 05:14:45 PM
 #936

If we compare bitcoin to real money its totally different because, bitcoin is a digital form of money which you can see through internet but cannot be touched. Unlike real money its a fiat currency type which could be touched and can be used hand in hand buying of goods, can be used in spending of different types of buying and selling, which circulates the economy of government  to be legal monetary currency.
Then bitcoin is not really that different from fiat, most fiat cannot be touched and it is just a number in a screen in the computer of a bank or the government, bitcoin could in theory replace all of that money since it does not exist in physical form.



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February 23, 2017, 05:20:34 PM
 #937

I think so much that distinguishes between real money and bitcoin. transactions using real money, I think is happening so fast, because it occurs directly. today, bitcoin transaction to be so slow. so, it is one difference.
That can be one difference but technically there are so many differences like the price of currency doesn't increase even if it increases it doesn't make any difference while bitcoins price keeps changing time to time.
Well that was a big difference money is stable one and bitcoin is keep changing in time to time..
But if there is no money bitcoin has no value.. so they are both important.. and we are getting benefits of the price increase of bitcoin while we are exchanging it into real money if the price is low again we can buy again using real money. so each of one has role and they are both important.

Eventually, we will not be depending on fiat money. 10k$ per coin is a clear indicator that a lot of people are already using bitcoins and merchants are starting to accept it. At that time, even when money has no value, bitcoin would still have value because the prices of items for sale will be based on bitcoins.
The Bitcoin value may go 0$, but fiat currency value never goes down. If you have bitcoin, you will calculate that value of your BTC in fiat currency. If the fiat currency not there how can you calculate the bitcoin value am I right. So Bitcoin has more value in the digital world and future anything can happen. Some other digital currency may replace this BTC. But no currency will replace fiat money.

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February 23, 2017, 05:27:55 PM
 #938

bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin  Smiley

Yes and moreover bitcoins open gates for a ton of services and sites like I cannot gamble with my real money due to legal issues while with bitcoins I am gambling quite easily and my friends don't know sitting next to me that I won 50$ just now Smiley

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February 23, 2017, 07:06:20 PM
 #939

bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin  Smiley

Yes and moreover bitcoins open gates for a ton of services and sites like I cannot gamble with my real money due to legal issues while with bitcoins I am gambling quite easily and my friends don't know sitting next to me that I won 50$ just now Smiley

Good for you nice 50 bucks for coffee break. But btc is more valuable then any fiat and always will be.
But in the we all exchange btc to fiat in end.

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February 23, 2017, 07:30:36 PM
 #940

Bitcoin can be used only for online marketing. It cannot be used for physical use.   Still many countries use real money and many people don not know about online transaction. It is impassible to use bitcoin by the people those who do not know about online transaction. But real money is used by all kind of people.     

People have not been using paper money for a long time. Now we buy everything online with credit card. Our salaries are based on my internet account.

Actually, we have not been using real money for a long time. Bitcoin is fully engaged here. We can buy everything we buy online with bitcoin.

There are also many shops that accept bitcoins in real life.

maybe in some countries it is not still that useful though for some who really into online shopping, online marketing and anything related in internet there is no more need in paper money, in our country there is still a need to cash out btc into real money.

yes i am agree with this especially for the country that don't have a good internet connection, they prefer to have money than bitcoin because with the fiat, they can buy everything they want and not confuse how to spend bitcoin in their offline life. if one by one there is offline store that accepting bitcoin, i am sure that the people will considering to use bitcoin and slowly they will not use fiat to buy something and finally fiat will be only in their wallet or in their bank account.

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