VayneAurelius
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Activity: 139
Merit: 11
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December 16, 2017, 02:42:28 AM |
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There are several differences between bitcoin and the real money. Number one is bitcoin is digital while real money is tangible. They are both existing and you can see them but real money is the only one that is tangible or you can feel. Next is the price, price of bitcoin may vary because of several causes. It may go down and go up, but the question is when. While the real money is at its fixed. Another one is how you manage it. You can manage bitcoin through different digital wallets while real money is at your wallet in your pocket.
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No Gods or Kings. Only Bitcoin
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chuongvannguyen02
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Activity: 95
Merit: 10
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December 16, 2017, 02:46:37 AM |
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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 and real money are basically the same. They are basically used and valid for payment. But bitcoin is kept in the magnetic wallet and vice versa. The paper money is kept in the real wallet |
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Coins and Hardwork
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December 16, 2017, 02:51:56 AM |
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I see there is no difference comparing bitcoin and fiat, as if I can pay my goods with bitcoin, then it is money.
There is a lot of differences in fiat and bitcoin despite the physicality of the coin. Bitcoin may be used as a payment to goods and services but I think it is still far from being a "money". It just has a equivalent value on currency the reason it is acceptable as a payment but it is not a money, money is made or printed out by the government, bitcoin is decentralized so I think it is not. |
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beverly788113
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Activity: 224
Merit: 10
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December 16, 2017, 07:27:12 AM |
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Bitcoin will replace paper money. That is the future of paper money, paper money is much inflation. torn or devalued. bitcoin can do that
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altcointalk14
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December 16, 2017, 08:06:52 AM |
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Users have quoted several family differentiating bitcoin from real money. The major thing is the control authority. Bitcoin is decentralized whereas real money is centralized. With real money transactions were limited unlike the banks.
One of the most frequently cited positives in using bitcoin is the possible high degree of anonymity of their owners. The main reason for the positive context of this feature is the less likely state interference. |
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rancidgash
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December 16, 2017, 08:10:58 AM |
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Users have quoted several family differentiating bitcoin from real money. The major thing is the control authority. Bitcoin is decentralized whereas real money is centralized. With real money transactions were limited unlike the banks.
One of the most frequently cited positives in using bitcoin is the possible high degree of anonymity of their owners. The main reason for the positive context of this feature is the less likely state interference. For an effective, i. market, monetary system requires more transparency than anonymity. Of course, I believe that this and other similar Internet currencies will be optimized, with one of the guidelines being aimed at a higher degree of transparency. |
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vainhaver
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December 16, 2017, 08:15:01 AM |
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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?
both of them types of pay : paper money better for daily things and all need it. bitcoin better for investment and send money with low fee to anyone |
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screwUdriver
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December 16, 2017, 08:29:05 AM |
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Bitcoin will replace paper money. That is the future of paper money, paper money is much inflation. torn or devalued. bitcoin can do that
the current monetary system has many supporters. State control over money supply is a thesis advocated by many economics schools, even those who are market-oriented. Therefore, the difficulties of the Bitcoin will are big until clearing the differences with real money |
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carrash912
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Activity: 98
Merit: 0
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December 16, 2017, 08:35:24 AM |
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Virtual money, in the current format like Bitcoin ... is actually the code generated by the computer; Electronic money, too, is a computer code, such as a QR code, a bar code, or some kind of code ... So many people have mistakenly thought that virtual currency and electricity bills Death is one.
Electronic money can not itself increase or decrease value, but it only changes based on the actual balance in the customer's account or credit card, which means the electronic money has a definite value, and can only be increased or decreased when customers add money to account or "scan" code to buy. Whereas virtual currencies such as Bitcoin, Ethereum, Litecoin are themselves a commodity, the value decreases due to the "mastery" of "masters, grooms, and gamblers" This does not depend on any real value available.
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igybadger
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December 16, 2017, 11:58:18 AM |
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Money is simply the commonly accepted unit of exchange. Since Bitcoin is not yet commonly accepted, it is not fair to call it 'money.' However, Bitcoin currently is a currency. Should it gain popularity amongst the general population, or within a sub-population (e.g., B2B settlements), it could be considered a form of money. In the end, these terms are somewhat subjective and are defined differently in different schools of economic thought.
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Airdrop Manager
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Activity: 73
Merit: 10
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December 16, 2017, 11:59:45 AM |
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The basic difference of two is bitcoin can only spend online while fiat is can spend anywhere.
I like bitcoin as investment because of higher value and continuous increasing.
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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December 16, 2017, 12:04:57 PM |
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Since I'm actively using Bitcoin as a payment method to cover my living expenses for me personay there is no big difference between real money and Bitcoin except that Bitcoin is only in virtual shape and it's not connected to my bank. Of course from economic and financial point of view there are many differences between Bitcoin and fiat currencies but once when cryptocurrencies become more adopted in society and legaly regulated the position of Bitcoin might change for the better in that sense also.
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musliyevich
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December 16, 2017, 01:29:56 PM |
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Same both you used them to get what you need from food, bills ,....., cars,hours,...... etc
paper money is better for pay now, in future may changes.
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Miltwo
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Merit: 0
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December 16, 2017, 01:32:04 PM |
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Bitcoin gives the user much more freedom economically! Thats why its always a better option than any fiat in the world right now
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Jalum
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December 16, 2017, 06:35:40 PM |
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The basic difference of two is bitcoin can only spend online while fiat is can spend anywhere.
I like bitcoin as investment because of higher value and continuous increasing.
Money from the government is backed by paper and Bitcoin is not backed by anything but code and math. |
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Sum24
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December 16, 2017, 07:30:38 PM |
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Bitcoin is virtual currency, real money easy to invest. Real money has no transaction fees. But i like to prefer digital currency to make transactions. I like invest on bitcoin because bitcoin cost is very high  There is a very big difference between these two paper money is also useful for every one because when there was no concept of digital currency so everyone was using paper money and now a day’s everything is going to digital and bitcoin is also a digital currency bitcoin make a life easy and fast for every one and it connect world together you can also learn a lot of things from here because bitcoin is the best for earning in a short time. |
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BelieveInBTC
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December 16, 2017, 10:54:34 PM |
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There are many differences between Bitcoin and real money. First of all, Bitcoin doesn't have any physical form. For me, it is more convenient to use Bitcoin. Bitcoin is decentralised and independent. No one can create fake bitcoins. Bitcoin is faster than wire transfers but its transactions fees have been increasing recently so I wouldn't recommend it for small, daily payments. This is the biggest flaw of BTC.
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Maxre
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https://combonetwork.io/
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December 16, 2017, 11:34:55 PM |
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There are many differences between Bitcoin and real money. First of all, Bitcoin doesn't have any physical form. For me, it is more convenient to use Bitcoin. Bitcoin is decentralised and independent. No one can create fake bitcoins. Bitcoin is faster than wire transfers but its transactions fees have been increasing recently so I wouldn't recommend it for small, daily payments. This is the biggest flaw of BTC.
you really can not fake a different bitcoin with a lot of real money that can fake it. and I will add your bitcoin can be broken into altcoin and can get multiple benefits. while real money can only be for transactions in daily life. |
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get2business
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December 16, 2017, 11:37:48 PM |
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main difference is that everybody hates real money and everyone loves bitcoin
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paulo013
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December 16, 2017, 11:44:30 PM |
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Real money when you have it. You dont have to worry for tommorow's value while bitcoin when you have it. It will possibly go up or down. But in both currency we do use it for everyday need. Specially bitcoin for today's price is pumping. Anyway bitcoin is digital so you can't actually hold it while in paper money you can store it in your literal wallet.
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