Difference between Bitcoin and real money?

[beverly788113]

When you put money in your pocket and exchange it. No one will confirm and know how much you have exchanged. However, bitcoin is different. Your exchange must be approved by millions of network nodes.

[megynacuna]

Fiat money or real money is regulated or controlled by the bank and the government. While bitcoin is decentralized, meaning no one is controlling and tracking the transactions happening between two Bitcoin users. Without the banks control over bitcoin, they can't put taxes on it.

Mainly this is the difference and that is the main reason why governments and banks want to control it at all cost and want to put tax on bitcoin.
You can blame them they are in very bad position in this they cant don anything and bitcoin is rising high in price.

That's true but i don't think they have a system in place to be able to fully control bitcoin else they'd have done it  a long time ago because these recent growth has sent shivers down the spines of some of these central banks and governments and it's a wake up call for them to back their fiats and so any little chance they'd get to knockout bitcoin i bet they'd do it but the worst they could at the moment is to regulate it through some of the exchanges.

[YTBitcoin]

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.

Bitcoin and all other coins which are there in the crypto world are advanced form of currency. There is a lot of difference in between bitcoin and real money. The most common difference among both of them is that bitcoin is an online or you can say digital currency and it does need an internet connection unlike that of real money. In addition to this, market value of bitcoin is increasing very much significantly.

[Sum24]

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 your money is in bitcoin while gambling or while doing other investments there is a chance that you might be swept with the wave of it.
Although risky if it falls but as of now the more you wait the better you get. Its just always rise for now. Just months ago it was at $350 look at it now. Can your $ do that?

 

First difference of these two is that one of them is a digital currency and other one is paper but as we know now a days everything is going to digital and they are only to make life facilitate of people so bitcoin is also doing a same thin in bitcoin you can trade inline and also you can invest as well and its price is also high and it’s very easy to carry with you self-there no chance of steeling or robbery of it so in my opinion bitcoin is now better than any  other currency.

[Xenoph0bia]

Fiat money or real money is regulated or controlled by the bank and the government. While bitcoin is decentralized, meaning no one is controlling and tracking the transactions happening between two Bitcoin users. Without the banks control over bitcoin, they can't put taxes on it.

Mainly this is the difference and that is the main reason why governments and banks want to control it at all cost and want to put tax on bitcoin.
You can blame them they are in very bad position in this they cant don anything and bitcoin is rising high in price.

That's true but i don't think they have a system in place to be able to fully control bitcoin else they'd have done it  a long time ago because these recent growth has sent shivers down the spines of some of these central banks and governments and it's a wake up call for them to back their fiats and so any little chance they'd get to knockout bitcoin i bet they'd do it but the worst they could at the moment is to regulate it through some of the exchanges.

Bitcoin is a cryptocurrency or digital money.It requires internet connection and knowledge about how to operate it.Real money is physical and can be used anywhere and anytime.It does not require any knowledge.Real money or fiat currency is under the control of the central bank or is centralised.Bitcoin is decentralised.All the transactions all over the world are done through real money.On the other hand,bitcoin is not even legalised in many nations.Real money is stable but bitcoin is very volatile.

[yrrehc16]

bitcoin is crypto currency and real money is FIAT
bitcoin can only be use online while FIAT can be used and stored even offline
bitcoin is so fragile and everytime it breaks the market with pump and dump while money is not so like that
bitcoin is currency, investment and asset and can be stoore foor the better future to be a huge amount in some years!
FIAT money is a currency that is circulating everyday in the society storing it someewhere for a long time will not give much profit to you and hopefully  it will not exppires as your country change the circulating king of money!

[Adv Tahmina]

Bitcoin can give us big profit and interest.But your money deposit into a bank very small profit you get.Bitcoin can be used only online but real money to be used handy. Real money (Dollars) always lose its value. But bitcoin will probably gain a lot of value.

[elie_s]

Bitcoin doesn't need a third party to transfer ur money from one individual to another, no one can control it
Plus it's a digital currency not a paper money can be cirulculated over the internet
It's fast in transaction no matter where u want to send ur money all over the world

[phuong thu]

those that settle for cash, could increase the volatility in a downturn.

[szpalata]

For me the most obvious difference is the physicality of real money and the virtual nature of bitcoin. Secondly , bitcoin together with it's blockchain technology is able to facilitate foreign remittances from country to country without jurisdictional restrictions but real money needs the services of third party payment processors in order to effect a transfer.

[WatchMaker]

Bitcoin is a digital currency that runs on blockchain network controlled by the people.
Real money is currency issued and controlled by the banks and government with no privacy whatsoever.

[Trela]

Bitcoin is a digital currency that runs on blockchain network controlled by the people.
Real money is currency issued and controlled by the banks and government with no privacy whatsoever.

That is the reason Bitcoin made a lot of the developers and the rich interested it. They like to using a currency can provide them all privacy, permission. They do not need to depend on the government and scare the government pay attention in their amount.

[Paul Pogba]

I think this is a matter of value, as we know that bitcoin values keep rising so much favored by many users, while real money is worth keeping down even for many things.

[Aura]

Bitcoin is freedom, it makes you independent from banks. It's a technology that is growing, there are new updates coming that will dominate the current digital payment providers, like Visa and MasterCard. It could be an investment if you believe in the future of it. Besides that does the value really fluctuate, which could be a good thing if you want to make profit from speculating on it on a daily basis.

[Chainblock]

Bitcoin isnt real money,real money is real money ,bitcoin is cryptocurrency and real money is value,bitcoin is online cryptocurrency,real money is money which we can see in real world and bitcoin is cryptocurrency which we cant see in  real world and we cant touch him.Real money isnt anonymously and bitcoin is.

[kunalqwe]

bitcoin is vertual currency and real money is the type of currency that we can touch or feel use it anywhere .

[Pakar11220]

its a digital cryptocurrency created in 2009.bitcoin is the only currency i think which is not present in physical for not issued by any bank or govt,nor are individual bitcoins valuable as a commodity.and real money in simple is a cash in physical form,used for settling debts.

[Tadblt]

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?

Go ahead and try so you would know. Using Bitcoins means stepping up your game. The Bitcoin digital currency fluctuates a lot and that could be an advantage. However, everyone uses bitcoin for investing money and buying stocks because of its payment system that is really fast compared to the traditional banks.

[Tadblt]

Bitcoin is a digital currency that runs on blockchain network controlled by the people.
Real money is currency issued and controlled by the banks and government with no privacy whatsoever.

That is the reason Bitcoin made a lot of the developers and the rich interested it. They like to using a currency can provide them all privacy, permission. They do not need to depend on the government and scare the government pay attention in their amount.

Fiat money is manipulated by the banks and governments that's why it will cost you some taxes. Also the Bitcoin is a digital currency which makes the p2p deals more easier and fast. Also Bitcoin has a lot of advantage compared to he physical money. The less labor, endurance, accuracy and the  time.

[Chainblock]

Personally i don't see any real difference between Bitcoin and other currencies (i do believe that Bitcoin is in fact real money). We can use Bitcoin the same way using fiat and other currencies.