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Author Topic: Difference between Bitcoin and real money?  (Read 110686 times)
wuvdoll
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February 23, 2017, 08:13:55 PM
 #941

Bitcoin is a online currency It can not be used for our daily usage . For our daily use we have to depend on our national currency. For online transactions we can use bitcoin because it is safest one for online transaction. 
It is necessary to simultaneously use bitcoin and Fiat. Then we will have a maximum of advantages.
I don't think so it will have any advantage. I don't know where you live but till now the place I live there isn't any shop which accepts bitcoin as a payment method not even the online shopping sites accept bitcoin till now. I think it may happen in future but for now I use bitcoin for investment purpose only.
It is true that bitcoin is not accepted directly as payment method in many places at least not the ones that we need, but there are ways you could use bitcoin to shop online or to buy from the supermarket, like using bitcoin debit cards they are really simple and you can use it like any credit card anywhere and anytime.

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February 24, 2017, 08:25:30 AM
 #942

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?

I would suggest that it is better to convert your money into bitcoin because it will rise up the value sooner.

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?


Why would you convert? Just simply because of the dominant effect of bitcoin other than currencies like dollars. Dollars and Bitcoins do the same thing like paying goods and services. The basis here is the demand and supply between the two. Which is the better? which is the more portable? If you have a million of dollars, would you carry it anywhere only by your hands? ATM is not included in this scenario.


     
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February 24, 2017, 08:37:20 AM
 #943

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?

i think because bitcoin like gold , very fit to invest and the increase huge price
now bitcoin being enthusiasts by onliner  Smiley

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February 24, 2017, 08:49:11 AM
 #944

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 are not totally right because you can convert your money in doller but you can not trade with doller because the price of doller not goes down and up sharply but in btc there is sharp and big down and fall and increaee in the rate day per day happened . so bitcoin provides us a way to get better way for trading .
and second thing is the no. of people wants to buy btc are more than the dollet buyer .
it is not about the trading purpose. There are still many people trade Bitcoin against other Fiat and they still succeed in this field. The main difference between Bitcoin and real money is that Bitcoin is decentralized which can not be controlled by anyone or any group of people

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February 24, 2017, 08:49:50 AM
 #945

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?

i think because bitcoin like gold , very fit to invest and the increase huge price
now bitcoin being enthusiasts by onliner  Smiley
That's right, just the main difference is that gold is really stable but bitcoin in other hand really fluctuative,in term of investment, both are worthy thing. Though, the fluctuative characteristic of bitcoin could bring profit for those who's smart enough to take advantage of it and a disaster for any company that's going to implement bitcoin as their main currency.

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February 24, 2017, 09:06:53 AM
 #946

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 unlike a lot of investments that you can make such as gold or some kind of precious metal. That is because it is a currency as well as an investment. Which means that you can buy a lot of things online, as well as in store, with Bitcoin, which is not something that you can say with most other investments. If you want to buy stocks, then just buy it with fiat. What is the point of buying Bitcoin and then buying stocks using it? If you want to gamble, then it is great to use Bitcoin because it is completely anonymous and you don't have to give a website your personal details.

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February 24, 2017, 11:00:09 AM
 #947

The difference between bitcoin and real money is in bitcoin we invest, gambling or thru faucets and etc. to earn money, while real money we used it for gambling, investing and etc. to get our satisfaction in life specially the things that we want in life.

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February 24, 2017, 03:40:47 PM
 #948

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.

Fiat currency value can definitely go down. That's why you'll see that sometimes the value of dollars in your country is much more than what it was before. In other words, your fiat currency value went down.

More details about fiat currency value going down, here's an article about Zimbabwean dollars. Worthless trillion dollar note. But we have tons of different fiat currencies so we don't have to worry about that particularly. It can serve as an example, though, that all fiat currency can go down.

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February 24, 2017, 03:55:26 PM
 #949

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.
But that can only be true in the developed world where the standards of living are so high you can buy almost anything using a debit card or a credit card in the countries currently in development you need to use cash because only in the big stores debit cards are accepted.



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February 24, 2017, 06:09:53 PM
 #950

Bitcoin is a virtual money, it's created on the network not in cash. And it's value is always moving as the gold, 1BTC is quite rare. A real money is created by banks and everybody as it in the country that he lives as in US thr US dollar. But the advantage of BTC is that you can convert it in real money as in US dollar.
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February 24, 2017, 07:28:46 PM
 #951

Bitcoin is a online currency It can not be used for our daily usage . For our daily use we have to depend on our national currency. For online transactions we can use bitcoin because it is safest one for online transaction. 
It is necessary to simultaneously use bitcoin and Fiat. Then we will have a maximum of advantages.
I don't think so it will have any advantage. I don't know where you live but till now the place I live there isn't any shop which accepts bitcoin as a payment method not even the online shopping sites accept bitcoin till now. I think it may happen in future but for now I use bitcoin for investment purpose only.
It is true that bitcoin is not accepted directly as payment method in many places at least not the ones that we need, but there are ways you could use bitcoin to shop online or to buy from the supermarket, like using bitcoin debit cards they are really simple and you can use it like any credit card anywhere and anytime.
i agree with you that bitcoin is not acceptable directly as payment method like fiat because bitcoin has no physical shape but its the aimed of bitcoin to use it for online transaction and we can easily buy anything from anywhere through online transaction and you are right that bitcoin debit card is very easy and simple to use your bitcoin for shopping in any local shopping center.

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February 25, 2017, 04:09:54 PM
 #952

Bitcoin is a virtual money, it's created on the network not in cash. And it's value is always moving as the gold, 1BTC is quite rare. A real money is created by banks and everybody as it in the country that he lives as in US thr US dollar. But the advantage of BTC is that you can convert it in real money as in US dollar.
Don’t fall on the traps of central banks they do not create money, money is created organically by the people, a natural selection occurs where the best material is eventually selected and it becomes money, that is what happened to gold and silver, and then the bankers devised a way to steal that from the people.



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February 25, 2017, 04:26:24 PM
 #953

The difference between  and real money is in  we invest, gambling or thru faucets and etc. to earn money, while real money we used it for gambling, investing and etc. to get our satisfaction in life specially the things that we want in life.
we can't compare bitcoin with real money. both have its own importance. i think bitcoin is mostly used for investment , trading and earn through different ways and real money is mostly used for daily use. from bitcoin you only do online shopping and use it online so, both are different things and have no comparision.

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February 25, 2017, 06:27:19 PM
 #954

The difference between bitcoin and real money is in bitcoin we invest, gambling or thru faucets and etc. to earn money, while real money we used it for gambling, investing and etc. to get our satisfaction in life specially the things that we want in life.
i think in both cases are are investing bitcoin in gambling, because we are expecting profit from it, and if you are using something so you are not expecting any profit from it. so if we are playing gambling online with bitcoin ae playing it live in casino with fiat still we are investing our money in both conditions.
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February 25, 2017, 08:33:35 PM
 #955

The difference between  and real money is in  we invest, gambling or thru faucets and etc. to earn money, while real money we used it for gambling, investing and etc. to get our satisfaction in life specially the things that we want in life.
we can't compare bitcoin with real money. both have its own importance. i think bitcoin is mostly used for investment , trading and earn through different ways and real money is mostly used for daily use. from bitcoin you only do online shopping and use it online so, both are different things and have no comparision.

Bitcoin as it is right now is real money. There is no about about that. It's value can be traced back to a real value in usd/eur etc.
The main difference is that bitcoin holds it's value to something online, while real money can be felt, smelled and so on.
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February 25, 2017, 08:38:57 PM
 #956

Bitcoin is a virtual money, it's created on the network not in cash. And it's value is always moving as the gold, 1BTC is quite rare. A real money is created by banks and everybody as it in the country that he lives as in US thr US dollar. But the advantage of BTC is that you can convert it in real money as in US dollar.

And bitcoin's price are very high these time which can be an advantage to real money. Another thing is the decentralization of the said digital currency. Your money go straight to your wallet not walking up on any banks or other stuffs. No intervene the transactions except you and the one whos receiving the transaction.



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The_Dark_Knight
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February 26, 2017, 01:11:20 AM
 #957

There are many differences but one of the most obvious is bitcoin is a digital currency while cash is physical, that means bitcoin has limitations when dealing with physical scenarios like trying to buy groceries and waiting for a confirmation and things like that.

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February 26, 2017, 01:30:05 AM
 #958

There are many differences but one of the most obvious is bitcoin is a digital currency while cash is physical, that means bitcoin has limitations when dealing with physical scenarios like trying to but groceries and waiting for a confirmation and things like that.

If you worry about waiting for confirmation then you have an option to convert your bitcoins to fiat currency with some fee then you no need to worry about this issue. If you explore then you can find a solution for all those issues. Bitcoins as now not accepted in many places so we need have to find alternative ways to convert it to cash. I use bitcoins mostly for investment purpose.

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NetFreak199
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February 26, 2017, 02:48:30 AM
 #959

There are many differences but one of the most obvious is bitcoin is a digital currency while cash is physical, that means bitcoin has limitations when dealing with physical scenarios like trying to but groceries and waiting for a confirmation and things like that.

If you worry about waiting for confirmation then you have an option to convert your bitcoins to fiat currency with some fee then you no need to worry about this issue. If you explore then you can find a solution for all those issues. Bitcoins as now not accepted in many places so we need have to find alternative ways to convert it to cash. I use bitcoins mostly for investment purpose.
I will agree with you I also do the same as you do using our local bitcoin exchange. I exchange to Fiat when I don't want to wait for long confirmation , there are a lot of solution in any problem you just need to learn how to do it easily.


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February 26, 2017, 08:34:04 AM
 #960

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 save bitcoin you can get a profit , bitcoin increase fast
but if you save your $ or real money they just to inflation of price
yes that is a fact that saving money in banks or in dollar is just the wastage of money and it cannot give your profit, instead the value of your money is decreasing from time to time. therefore investment in bitcoin is more better that saving in USD or your own money in banks as in banks if the price of bitcoin increase the the value of your money will also increase.

True. Paper money or cash is not a priority now of those who knew bitcoin. They will prefer having lots of btc in their wallet or invest it investment sites that make it a cash or put in banks.

Yes, I do agree with that. If I have a lot of money, I would invest that into bitcoin because I know I'll make a high profit. Paper money now is just only a paper that has a value. If my friends want to save their money in banks, I would suggest that it is better to convert your cash or money into bitcoin then save to your bitcoin wallet. It's better to do that.


     
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