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Author Topic: Difference between Bitcoin and real money?  (Read 114154 times)
seven4smoke
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February 20, 2017, 06:32:12 AM
 #881

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.
Only real prospect can make a profit from the bitcoin. This means that the coins needed to maintain and deliver the maximum value of the future price. But today is to talk about it sooner.
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February 20, 2017, 07:09:02 AM
 #882

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. 
in fact bitcoin is a online currency and it is also used in local shops also. and specially in such area where the user of bitcoin are comparatively more. i think that if the users of bitcoin will increase more then bitcoin facilities to be use in local shops will also be available.
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February 20, 2017, 07:22:18 AM
 #883

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. 
in fact bitcoin is a online currency and it is also used in local shops also. and specially in such area where the user of bitcoin are comparatively more. i think that if the users of bitcoin will increase more then bitcoin facilities to be use in local shops will also be available.
There are also possibilities of which you speak, but only such a situation persists is not very long. The fact is that every shop owner has to report to the tax service and performance bitcoin is very difficult to do. That's the first problem in this case.
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February 20, 2017, 08:03:43 AM
 #884

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

You're right to say, but the only problem is that if you put the bitcoin as the only currency in the world, comes the end of such a concept as a statesman. Not only government, but also state living off tax payers, and if it comes bitcoin, the taxes will cease to exist. And as a result you can imagine what will happen.
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February 20, 2017, 09:07:59 AM
 #885

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.


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February 20, 2017, 09:32:52 AM
 #886

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. 
in fact bitcoin is a online currency and it is also used in local shops also. and specially in such area where the user of bitcoin are comparatively more. i think that if the users of bitcoin will increase more then bitcoin facilities to be use in local shops will also be available.
The thing is that people still have no intention of using bitcoin because its coverage is still small and pretty much their struggling their activities while in other hand, the local shops also waiting for vast majority of people in their locals start to use bitcoin, if it's still continue, we'll not going to see the local shops accepting bitcoin or people start to use bitcoin in their local either.

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February 20, 2017, 09:40:35 AM
 #887

I think the thing that is most clearly distinguish real money and bitcoin is value. We all know that bitcoin has value the better so that we can use for investment.

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February 20, 2017, 11:09:16 AM
 #888

I think the thing that is most clearly distinguish real money and bitcoin is value. We all know that bitcoin has value the better so that we can use for investment.
Fiat is a tool that allows itself to be invested, and allows itself to get invested in ~ in the way that you convert one fiat currency to another, and then convert it back in case you made profit.

That's basically what I do with the Euro and Dollar. It's nothing extreme when it comes to the returns, but at least I can generate around 3-5% per month this way. Profit is profit.

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February 20, 2017, 12:17:39 PM
 #889

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.

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February 20, 2017, 01:53:47 PM
 #890

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. 
That is true, bitcoin is used online and depends a whole lot on internet, but our modern day world relays on that so much and it is built and works around the internet, we order our food we talk with others and we especially pay through internet and that make bitcoin the perfect thing that allows us to adopt to this world and I think that in the future that it is going to be a really big thing in this world.
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February 20, 2017, 10:57:39 PM
 #891

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.

Yes I forgot the security about bitcoin but I'm thinking about the same risk for it with real money. If there are robbers in fiat money, there would be scammers, hackers and other intruders that can rob our bitcoins. But that will depend on us because we can just use some bitcoin hardware storage for making our bitcoins secure.



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February 21, 2017, 03:25:09 AM
 #892

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.

Yup, bitcoin and real money is a very different thing. Because only virtual bitcoin or digital, while the real money can be original and digital. So, it's all actually is not an issue. Because the bitcoin and also real money alike want to give you the ease of transaction and also in all the existing currency, we can use them best to us or to our desires. But for me to future investments would be more beneficial than bitcoin real money, because the price has a value of bitcoin is always changing and that will surely have always been high from time to time

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February 21, 2017, 08:16:02 AM
 #893

It will just depend on how you define real money.
I think you are one of those people who are thinking of it differently.
As long as you can use it to buy something or trade something into a thing or other object then it is money.
They just created is as paper for convenience but it is all the same.

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February 21, 2017, 08:36:49 AM
 #894

Bitcoin and real money is different. Although both are currency, bitcoin is a digital currency and mainly used to buy things online. Bitcoin also easier to store in a large amount than real money. Bitcoin does not require users to pay tax and bitcoin provide anonymity for it's transaction. And the fact that bitcoin value has such a fluctuation add the difference between them.

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February 21, 2017, 12:42:10 PM
 #895

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.

Yup, bitcoin and real money is a very different thing. Because only virtual bitcoin or digital, while the real money can be original and digital. So, it's all actually is not an issue[1]. Because the bitcoin and also real money alike want to give you the ease of transaction[2] and also in all the existing currency, we can use them best to us or to our desires[3]. But for me to future investments would be more beneficial than bitcoin real money, because the price has a value of bitcoin is always changing and that will surely have always been high from time to time

[1] Maybe in your case, but at most cases, it is. I've tried introducing bitcoins to my friends before and one of their first questions is "How does a bitcoin looks like?" and I said that it has no physical form. They were kind of disappointed with the fact that bitcoin is only a data and it doesn't exist in the real world. Well, there's hardware wallet and physical bitcoins that have bitcoin in it but it costs some money.

[2] Apparently, cash can't give you as much ease of transaction as bitcoin can. For example, (a.) not having to be physically in the store, (b.) low and fast transaction fees, (c.) wide range of business opportunities for transactions.

[3] Not exactly to the best of our desires because there are people that wants bitcoin to have lower fees but that simply is not going to happen because more and more people are using bitcoins. That means more and more people are competing to have their transaction processed first so there's transaction fee bidding going on which increases the transaction fee a lot.

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February 21, 2017, 02:22:29 PM
 #896

Bitcoin and real money is different. Although both are currency, bitcoin is a digital currency and mainly used to buy things online. Bitcoin also easier to store in a large amount than real money. Bitcoin does not require users to pay tax and bitcoin provide anonymity for it's transaction. And the fact that bitcoin value has such a fluctuation add the difference between them.
I don't think it's easier to store your money in bitcoin when talking about huge amount
Besides it's full of risk store value in bitcoin , it has limited supply
Which means there is no guarantee your money will stay in the same value
It could dropped half or even worse, as long as bitcoin not yet adopted evenly i doubt on it, a lot of difference that have to explain.

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February 21, 2017, 02:57:39 PM
 #897

I don't think it's easier to store your money in bitcoin when talking about huge amount

The amounts basically doesn't matter if you purely look at how Bitcoin can function as store of value. However, if you move large amounts of money to an exchange for example, it may raise suspicions in which the exchange may force you to hand them over whatever proof they think is needed to verify it's not money coming from criminal activities for example.

Besides it's full of risk store value in bitcoin , it has limited supply

Risk in using Bitcoin as store of value comes from the volatility side, and not from the fact that Bitcoin has a limited supply. Limited supply is an advantage and not something to fear. Wink

Which means there is no guarantee your money will stay in the same value

Uh, since you somewhat understand that the risk comes from the volatility side, I don't understand why you mention the limited supply of Bitcoin?

It could dropped half or even worse, as long as bitcoin not yet adopted evenly i doubt on it, a lot of difference that have to explain.

It could, but we are not in 2013/2014 anymore. With that I mean that the market is maturing, where the further we progress, the lower the chances are that we will ever see such insane dumps again. And what do you mean with 'as long as Bitcoin is not yet adopted evenly'? If you're referring to that wealth in Bitcoin should be more evenly distributed, then it's nothing more than a fantasy.

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February 21, 2017, 03:09:08 PM
 #898

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.

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February 21, 2017, 03:23:50 PM
 #899

bitcoin is freedom for trading in weekend
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February 21, 2017, 03:36:28 PM
 #900

Bitcoin and real money is different. Although both are currency, bitcoin is a digital currency and mainly used to buy things online. Bitcoin also easier to store in a large amount than real money. Bitcoin does not require users to pay tax and bitcoin provide anonymity for it's transaction. And the fact that bitcoin value has such a fluctuation add the difference between them.
How could it be easier to store such a big amount of bitcoin than fiat money? I do agree that keeping bitcoin in wallets is convenient and doesn't take up much space, but it's hard to maintain the same value over time. Bitcoin fluctuates every single second, sometimes it's too small to notice but most of the time, it would rise or drop dramatically, so either you will get a bunch of profit out of it or you're just gonna lose half of it.

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