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Author Topic: Difference between Bitcoin and real money?  (Read 113844 times)
Altas
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February 18, 2017, 06:41:36 AM
 #861

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.     

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February 18, 2017, 06:47:00 AM
 #862

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.     
We used real money and even if we will be asked now if what will we choose, I will surely hear an answer about choosing real money. Bitcoin is not the main currency here, it's just a payment gateway that we appreciate because it's fast and cheap but without real money we cannot make use of it.
The value depends on the demand and I don't think the demand will come from the majority of people in the this world, only real money have that kind of demand.

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February 18, 2017, 07:50:28 AM
 #863

for me  bitcoin have more function . bitcoin can easily buy online.but  the real money was easily using in reallife!

So what's the difference that way. Because we are just using them for both ways as buying tools. For me the difference of bitcoin and real money is real money is tangible and can be seen physically and it's usage is very limited but with bitcoin, it cannot be seen cos' it's digital and it can be used for different things, like currency, investment and other good purposes.



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February 18, 2017, 08:55:59 AM
 #864

for me  bitcoin have more function . bitcoin can easily buy online.but  the real money was easily using in reallife!

So what's the difference that way. Because we are just using them for both ways as buying tools. For me the difference of bitcoin and real money is real money is tangible and can be seen physically and it's usage is very limited but with bitcoin, it cannot be seen cos' it's digital and it can be used for different things, like currency, investment and other good purposes.
Yeah that is right. That is one of the difference of bitcoin and real money which is "Virtual vs Physical". But another thing which makes bitcoin stands over real money is, bitcoin is more secure than real money even if it is virtual because you can't trace the people who are doing transactions and also it is easy to earn than real money because like what more of the people here, they are into signature campaign and it is an easy task which gives bitcoin/money in exchange.

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February 18, 2017, 11:11:05 AM
 #865

Bitcoin and real money makes no difference, what distinguishes them is their value. 1 Bitcoin = 1069.59 while the US Dollar 1 US Dollar = 0.0009437 Bitcoin.
As for what you think that I do not think there is a problem when you use Bitcoin, all that easy when you're doing transaction with fiat money (real money) even now when you want to invest though, many brokers large interested can trade Bitcoin even have anyone to enter Bitcoin.
Want to gamble were so many who had been taking Bitcoin, and for the others, I think you should try it with Bitcoin.


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February 18, 2017, 05:41:16 PM
 #866

Bitcoin is virtual money and doesn't have the same value of money

You do not explain in detail. My question is, which one do you prefer : BTC or FIAT? If you want bitcoin has same value, then bitcoin will not famous like now because they don't have an advantage in terms of nominal.

1 bitcoin = 1019.74 $. From here we can see that bitcoin is more valuable than Fiat, are even more expensive than gold. No different if we call bitcoin as a currency. The potential to collect bitcoin far more numerous and open to everyone, because it is able to have its own market and there is no government policy intervention, nothing could stem bitcoin.


Bitcoin is more valuable than fiat in terms of price but in terms of usefulness I doubt bitcoin can ever compete with fiat. The price is not the main basis to determine how valuable it is, as you have witnessed, bitcoin is not stable enough and there is no support yet coming from the government which would give a hint that it will be the next big thing.

Comparing the users of fiat and bitcoin, we can already tell which is more valuable and I know it's obviously fiat, at least for now.
While there is no doubt that fiat currency has more uses than bitcoin it is unfair to compare fiat adoption against bitcoin adoption, fiat has been around in one way or another with us for thousands of years while bitcoin has been around for less than a decade.



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Rainbot
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February 19, 2017, 08:56:58 AM
 #867

Bitcoin and real money makes no difference, what distinguishes them is their value. 1 Bitcoin = 1069.59 while the US Dollar 1 US Dollar = 0.0009437 Bitcoin.
As for what you think that I do not think there is a problem when you use Bitcoin, all that easy when you're doing transaction with fiat money (real money) even now when you want to invest though, many brokers large interested can trade Bitcoin even have anyone to enter Bitcoin.
Want to gamble were so many who had been taking Bitcoin, and for the others, I think you should try it with Bitcoin.

Nicely putted only difference truly is value.
No matter what we do we will end up exchanging BTC for Fiat and they spend it. Still btc need to adoption in every day trading and buying but he is good like you mentioned for gambling.
Give or take value is only difference.



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February 19, 2017, 11:16:02 AM
 #868

In practice there is no difference between bitcoin and real money. If you can shop with credit card you can also shop with bitcoin in the same way.
But the main difference arises in technological sub-structures. In terms of innovations they bring, bitcoin has much more superior features than real money.

In particular, blockchain technology will be a structure that we will hear a lot more in the future.
or can be bitcoin has a shape that is more flexible than the real money, which most people use paper money, with bitcoin you can pay instantly and send it anywhere with a very low cost

You can not pay instantly with Bitcoin. This is the only problem with payments made with bitcoin. A minimum approval period of 10 minutes is required. Payments you make reach the opposite side after a minimum of 10 minutes.

Apart from that, everything in the bitcoin system is almost perfect. This 10 min approval is part of that perfection over time.
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February 19, 2017, 11:24:47 AM
 #869

In practice there is no difference between bitcoin and real money. If you can shop with credit card you can also shop with bitcoin in the same way.
But the main difference arises in technological sub-structures. In terms of innovations they bring, bitcoin has much more superior features than real money.

In particular, blockchain technology will be a structure that we will hear a lot more in the future.
or can be bitcoin has a shape that is more flexible than the real money, which most people use paper money, with bitcoin you can pay instantly and send it anywhere with a very low cost

You can not pay instantly with Bitcoin. This is the only problem with payments made with bitcoin. A minimum approval period of 10 minutes is required. Payments you make reach the opposite side after a minimum of 10 minutes.

Apart from that, everything in the bitcoin system is almost perfect. This 10 min approval is part of that perfection over time.

That totally depends on the fees you choose. I still consider Bitcoin transactions as being instant, because you still receive the money. I was able to send my money to another wallet before the amount was even confirmed in my own one. It becomes usable as soon as you receive it, but for safety reasons it gets confirmed too.
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February 19, 2017, 12:26:40 PM
 #870

Bitcoin is virtual money and doesn't have the same value of money

You do not explain in detail. My question is, which one do you prefer : BTC or FIAT? If you want bitcoin has same value, then bitcoin will not famous like now because they don't have an advantage in terms of nominal.

1 bitcoin = 1019.74 $. From here we can see that bitcoin is more valuable than Fiat, are even more expensive than gold. No different if we call bitcoin as a currency. The potential to collect bitcoin far more numerous and open to everyone, because it is able to have its own market and there is no government policy intervention, nothing could stem bitcoin.


Bitcoin is more valuable than fiat in terms of price but in terms of usefulness I doubt bitcoin can ever compete with fiat. The price is not the main basis to determine how valuable it is, as you have witnessed, bitcoin is not stable enough and there is no support yet coming from the government which would give a hint that it will be the next big thing.

Comparing the users of fiat and bitcoin, we can already tell which is more valuable and I know it's obviously fiat, at least for now.
While there is no doubt that fiat currency has more uses than bitcoin it is unfair to compare fiat adoption against bitcoin adoption, fiat has been around in one way or another with us for thousands of years while bitcoin has been around for less than a decade.
of course it can not be compared, the total bitcoin users with user of fiat? because fiat has existed since thousands of years ago and have covered the entire country while bitcoin is still few years ago
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February 19, 2017, 01:44:11 PM
 #871

What can we call differences for me its value. I mean both are spendable and can be used for that. But value is something that they cant change.

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February 19, 2017, 04:21:26 PM
 #872

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. 

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February 19, 2017, 08:01:40 PM
 #873

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.
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February 19, 2017, 08:27:20 PM
 #874

Bitcoin is virtual money and doesn't have the same value of money

You do not explain in detail. My question is, which one do you prefer : BTC or FIAT? If you want bitcoin has same value, then bitcoin will not famous like now because they don't have an advantage in terms of nominal.

1 bitcoin = 1019.74 $. From here we can see that bitcoin is more valuable than Fiat, are even more expensive than gold. No different if we call bitcoin as a currency. The potential to collect bitcoin far more numerous and open to everyone, because it is able to have its own market and there is no government policy intervention, nothing could stem bitcoin.


Bitcoin is more valuable than fiat in terms of price but in terms of usefulness I doubt bitcoin can ever compete with fiat. The price is not the main basis to determine how valuable it is, as you have witnessed, bitcoin is not stable enough and there is no support yet coming from the government which would give a hint that it will be the next big thing.

Comparing the users of fiat and bitcoin, we can already tell which is more valuable and I know it's obviously fiat, at least for now.
While there is no doubt that fiat currency has more uses than bitcoin it is unfair to compare fiat adoption against bitcoin adoption, fiat has been around in one way or another with us for thousands of years while bitcoin has been around for less than a decade.
of course it can not be compared, the total bitcoin users with user of fiat? because fiat has existed since thousands of years ago and have covered the entire country while bitcoin is still few years ago
yes we cannot compare the number of bitcoin users and the number of fiat users. but we have to compare the interest of the people i think those people who know about bitcoin are really interested to change their currency.and in fact now people are giving preference to online currency and therefore bitcoin is their only choice to use of online business and shopping.

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February 19, 2017, 08:37:30 PM
 #875

Bitcoin and real money makes no difference, what distinguishes them is their value. 1 Bitcoin = 1069.59 while the US Dollar 1 US Dollar = 0.0009437 Bitcoin.
As for what you think that I do not think there is a problem when you use Bitcoin, all that easy when you're doing transaction with fiat money (real money) even now when you want to invest though, many brokers large interested can trade Bitcoin even have anyone to enter Bitcoin.
Want to gamble were so many who had been taking Bitcoin, and for the others, I think you should try it with Bitcoin.
how can you say that there is no difference between the fiat and bitcoins, first of all bitcoins are digital and not centralized what makes it just perfect, besides that real money inflation is huge what makes it for me not comfortable to save up for the future.
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February 19, 2017, 08:49:19 PM
 #876

how can you say that there is no difference between the fiat and bitcoins, first of all bitcoins are digital and not centralized what makes it just perfect, besides that real money inflation is huge what makes it for me not comfortable to save up for the future.
1. Some people don't care about background of the money i.e whether they are using centralized or decentralized token.
All they care about is that here and now they can use 'money' as legal tender. So technicalities apart, bitcoin can fulfill that role.

2. Digital nature of BTC is not really that unique - as we know majority of fiat money (more than 90%) is not existing as physical cash money either.

3. Decentralization is not some perfect solution, it might be seen as double edged sword, and has nothing to do with inflation.
There are inflationary cryptocurrencies which are decentralized - for example: Dogecoin
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February 19, 2017, 08:51:37 PM
 #877

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.

He is talking about daily usage as in buying groceries and stuff. Bitcoin with its high fees and its confirmation times simply makes it less usable in such circumstances. In this case fiat is simply the better option. If we talk about online, then Bitcoin is coming up high in the rankings. In this case it's Bitcoin that takes the lead as you can use it to its full potential. Think about money transfers, one time purchases without the risk of getting rebilled, etc.

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February 19, 2017, 09:09:00 PM
 #878

Real money is not in your control.
Real money has high transfer fees.
Real money is not safe.
The real money has a central structure.
...

Bitcoin is a system that removes all these negatives.
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February 19, 2017, 09:33:54 PM
 #879

Real money is not in your control.
Real money has high transfer fees.
Real money is not safe.
The real money has a central structure.
...

Bitcoin is a system that removes all these negatives.
But for real money, I can buy the same product for a certain amount today and tomorrow or the day after tomorrow. And it could make even a few days ago. A bitcoin today one price, but tomorrow it could be much lower. Therefore, there are many pros and cons of using only bitcoin as a main currency.
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February 19, 2017, 09:50:50 PM
 #880

Real money is not in your control.
Real money has high transfer fees.
Real money is not safe.
The real money has a central structure.
...

Bitcoin is a system that removes all these negatives.
But for real money, I can buy the same product for a certain amount today and tomorrow or the day after tomorrow. And it could make even a few days ago. A bitcoin today one price, but tomorrow it could be much lower. Therefore, there are many pros and cons of using only bitcoin as a main currency.

Yes btc price fluctuations are a negative situation. In other words, the price of the bitcoin can be determined in dollars. But if the price of the bitcoin falls, it means that the damage.

Of course, the bitcoin value is constantly increasing. From this point of view, it means profit.
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