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Author Topic: Difference between Bitcoin and real money?  (Read 113873 times)
sampalokmix
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December 08, 2017, 02:02:43 PM
 #2281

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.

Well I agree with that and in my own opinion I think paper money is used for a faster.way of transaction like buying goods, you dont have to convert it, open wifi something like that, and I think bitcoin is for investing having bigger and improving amount of profit. Their difference depends on the situation.

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December 08, 2017, 02:05:47 PM
 #2282

Bitcoin has a big value and it's getting higher everyday. You can convert this digital money into real money that has a high currency. Real money has a different value in every country. Our individual currency has a big role in our life becuase that's we use to but anything what we want. The two money is important in our lives.

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December 08, 2017, 02:07:58 PM
 #2283

Difference with Bitcoin and real money is tha Bitcoin can go up immensely in just one day, even in a few hours, while real money takes a long time for inflation and deflation. Also bitcoin is not accounted as real money untill you exchange it into real money, only then the IRS can ask for some of that money as a form of tax. Or you can evade that by exchanging the bitcoin in an entirely different country, use the evaded tax money for the vacation and then some.
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December 08, 2017, 02:09:32 PM
 #2284

bitcoin I think is different from fiat money because bitcoin has advantages compared to fiat money, bitcoin function is actually equal to money, for tool of payment, but bitcoin is used only in online, this my opinion maybe others have different opinion about bitcoin.

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December 08, 2017, 02:14:48 PM
 #2285

Bitcoin is like share of stock that you can't hold in your hand while real money can be counted in your hand. And in bitcoin we earn more interest than the real money.


Bitcoin is an asset, you buy it and in time it gave you profit by it's quick changing of price. bitcoin may be in hold by the user but I think it is not considered as a stock since stock and save are different words. And interest rate only comes in your money when they borrow money from you, I think if you are using bitcoin to be loaned by other people it will work like that, if not, I think you are mistaken.
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December 08, 2017, 02:25:29 PM
 #2286

You're being wrong, skeptical to bitcoin i mean.
Why you would convert your money to bitcoin? Of course because your money won't be anything bigger, while if you invest your money to bitcoin, soon you'll already feel the profits from the price increases.
If you want to buy normal stock, then just use your real money. But for me, bitcoin is also a great investment, not lose with the stocks out there.
You can also gamble with everything, just a matter of choice. So actually it's your choices what you want to do, use dollar or bitcoin.

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December 08, 2017, 02:29:33 PM
 #2287

The difference is many, in terms of different forms. Real money has a physical form, while bitcoin does not. Real money if you bring a lot of it will be hassles, but not with bitcoin, he is so practical.

And most importantly, real money is taxed, whereas bitcoin does not.

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December 08, 2017, 02:31:30 PM
 #2288

the difference is so simple, one is used everywhere and the other is not real and is not accepted everywhere: D
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December 08, 2017, 02:33:45 PM
 #2289

Bitcoin is like share of stock that you can't hold in your hand while real money can be counted in your hand. And in bitcoin we earn more interest than the real money.


Bitcoin is an asset, you buy it and in time it gave you profit by it's quick changing of price. bitcoin may be in hold by the user but I think it is not considered as a stock since stock and save are different words. And interest rate only comes in your money when they borrow money from you, I think if you are using bitcoin to be loaned by other people it will work like that, if not, I think you are mistaken.


The deferences of bitcoin ang money is
Bitcoin is you can use in online and you can invest that and you can trade into fiat money and there no bank needed while the money you can hold that and you can buy anything you can like and money that is important in this world because people use that in wholeword.

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December 08, 2017, 02:40:58 PM
 #2290

Bitcoin is safer then the real money the real money value will not raise but the value of the bitcoin will be always keepon increaseing
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December 08, 2017, 02:50:27 PM
 #2291

Bitcoin is more suitable. But not only bitcoin. Blockchain is very important for people to have safe transaction with small fees. I think will be another token which people will be using

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December 08, 2017, 02:52:46 PM
 #2292

The only difference between real money an bitcoin is real money is has touchable while bitcoin is not. but in their usefulness they are almost the same. YOu can convert bitcoin to money and you can use real money to buy bitcoin. so there is nothing more difference between their uses. they are both money.

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December 08, 2017, 02:56:03 PM
 #2293

Real movie can't be moved or can't be used in any other country other than their country in most cases. Where Bitcoin is universal currency and it can be used anywhere instantly.

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December 08, 2017, 03:11:38 PM
 #2294

Over the years to come back it appears onerous to differential the important cash from the digital currency. The explanation is that, additional countries were aiming to provide their money a digital kind. This initiation maybe a part of medical aid, which can take ton time to achieve success. Finally the decentralization alone separates the important from truth digital currency. 

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December 08, 2017, 03:14:32 PM
 #2295

I see it this way - Real FIAT currency is controlled by governments but Bitcoin isn't.

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RIYA0001
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December 08, 2017, 03:25:03 PM
 #2296

The main difference between bitcoin and real money is its form as bitcoin is digital and real money can be touched . bitcoin can be used only for online dealings  while real money is used on daily basis . but as we know both are used to satisfy our needs .

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December 08, 2017, 03:59:56 PM
 #2297

From a recently removed post (as it didn't mention bitcoin), here is my comment explaining why debts with dollars are different than debts with bitcoin. This is a key difference between what dollars are and how they work vs bitcoin. Very few people understand these issues and it's unfortunate (deleting posts doesn't help with the lack of education either).
Comment reply:
"Debt wouldn't cease to exist with bitcoin, but money wouldn't be debt based. The issue is a dollar is not an asset like gold or a bitcoin, it's a unit of debt. Rather than being mined into existence a dollar is borrowed into existence. When you put a dollar in a bank it is loaned out making even more dollars (the dollar you deposited plus the now newly loaned dollar) and there is no way to tell one dollar from the other. A dollar loaned 100 times over looks the same as a dollar loaned a few times. A bitcoin or gold coin on the other hand are actual assets. If you have one it is an actual asset of value itself, it wasn't loaned into existence and is not merely a note saying someone owes you an asset. No banks silently create more bitcoin by loaning new ones into existence. Any entity that claims to hold your bitcoin but really loans it out behind your back is committing fraud and and can be discovered by blockchain audit techniques.
In a world using bitcoin debt would still exist because people could always loan out bitcoin, but these loans would be visible to all--people that were loaning bitcoin would know they no longer had their bitcoin because they loaned it. Such a loan doesn't create more bitcoin. A bitcoin is very different than a piece of paper saying someone owes you a bitcoin. With the dollar, there is no difference because a dollar is always a piece of paper that says someone owes someone something--and more are created constantly. The really hilarious thing is the dollar is an IOU on an asset that was defaulted on in the 70's. It's a promise for payment that was broken decades ago but people still wander around using them like they are assets. People don't even know what money is anymore in regard to assets vs. IOUs because of this.
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December 08, 2017, 04:13:23 PM
 #2298

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.
I perfectly agree with this reasons. Bitcoin as a digital money has the tendency of high price increase compared to any real money. However, there is high risk with digital monies than real money.

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December 08, 2017, 04:20:17 PM
 #2299

There are many differences between fiat currency and digital currency. Fiat money is the money that is tangible, it is the currency where we always seeing in our every day life while digital currency is the currency where you need gadgets for you able to use or to see it.



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December 08, 2017, 04:35:00 PM
 #2300

Both of are currency but physical existent is the main fact which makes Difference between Bitcoin and Money. Because of bitcoin haven't any physical existent but money have physical existent that's why we can touch money.

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