Difference between Bitcoin and real money?

[zhangxie29152784]

Both are currencies. Bitcoin is a digital currency that we can only do online shopping or anything.

Of course, bitcoin can also be exchanged for real money.

[doaremon]

Bitcoin is a crypto currency which is present in virtual world only but flat money is present in this real world. Crypto currency is also an unstable currency but flat money is stable. So the price of flat is not ups and downs but the value of crypto currency always go through ups and downs. This is also an advantage for those who can take advantage of this unstableness. Again if I say about the negative sides then Bitcoin is illigal to many countries. But flat money is acceptable throughout the whole world. But it's also true that Bitcoin or any crypto currency is a demand of this new generation people.

[BitcoinMarketer39]

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?

The reason why people are investing on bitcoins is the profit that we can gain when the value increased as the time goes by, another thing is that, banks right now is not giving us a huge amount of profit when we place their money on them so most of the people prefer on investing in cryptocurrency.

[deltarichard1322]

The difference between the two is Bitcoin is “a currency not backed by any state – meaning nobody has to take it as payment.”

On the other hand, dollar, the government requires payment in dollars in itself creates a direct demand for dollars that cannot be replicated by Bitcoin.

[twinkledthomas]

Bitcoin is the king of all cryptocurrencies. And we can escape from the traditional banking system with bitcoin. Then bitcoin is not governed by anu government or country. Other fiats are government backed.

[sudah_wisuda]

I've discovered Bitcoin a 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 dollars? What does bitcoin bring to the table that real $ don't, fewer taxes, more income?

Differences Bitcoin with Dollars very much. Bitcoin is not taxed like any other currency, maybe this is because Bitcoin is still unknown to many people around the world and still many countries have not legalized Bitcoin. So the Bitcoin tax is virtually non-existent but the income from Bitcoin is overwhelming. Fortunately, we all get to know Bitcoin.

[Chanock]

There many differences between bitcoin and real money. Bitcoin have a limited used the purpose of it is for digital transaction only. Without internet bitcoin is useless and also there are limited establishment or business are accepting bitcoin as mode of payment. Also when you are in the remote area bitcoin is useless. Unlike real money you can used it any time and any where with or without internet you can used it. Also real money is accepted by the government and all business establishment and all mode of payment are allowable in real money.

[echo11]

If we differentiate bitcoin and real money,bitcoin is cannot seen in physical appearance,the value of bitcoin is volatile sometimes going up and sometimes going down.The real money we can seen on physical and its value is fixed .They have big differences we can see bitcoin is more possibility to earn more profit than real money because of its value that cannot flactuates we dont have a chance to earn in real money.

[senin]

The difference between bitcoins and ordinary money is very high. Bitcoin has many advantages over conventional money, but it also has disadvantages compared to them. First of all, bitcoin is digital money that is used almost anonymously, without intermediaries and third parties at any time of the day, quickly and conveniently. The disadvantages are that bitcoin is not provided, it has greater volatility than ordinary money, its use requires certain knowledge, technical medium, that is, a laptop or mobile phone and constant access to the Internet.

[Heronzkey]

the difference between two coins is that bitcoin comes online and the size of a BTC is higher than our real money, but both are important in our lives, in bitcoin we hope to make money.

[harobaru]

there are lot of difference between bitcoin and real money. the main difference is bitcoin is in soft form and real money is hard form. real money you use any where. bitcoin use you have internet.

[sashulya7979]

The difference in their perception. Some consider bitcoin not real, but you can hold the bouzher money in your hand and understand that this is money and that's why my grandmother thinks so. Do not overdo it. A show that is ready for new changes in perception, then you can take this.

[Makka]

Bitcoin is a real money? Bitcoin and fiat differences is the right term. Some people asking why convert into fiat if bitcoin is real money? Simply because bitcoin is still new and it is still growing unlike to fiats especially the US dollar.

[svetochka.yakovleva.93]

I think it's more convenient to use digital bank cards with digital currency and I'm very happy, but I do not have the courage to compare bitcoins and paper money for so many different things. Bitcoin grows and falls and paper money remains at the same price, only wages are lowered.

[Boromon]

I only know that bitcoin is not yet used in every country, real money is used by every country, but Bitcoin is decentralized, and can be easily stored and sent over the internet, but fiat currency is very important with bitcoin in my own explanation because you can convert your cryptocurrency to fiat and without fiat currency you cannot convert it to real money which is fiat cash.

[Carmen03]

Bitcoin is a decentralized electronic currency that derive its value from supply and demand as well as trust in the system . the network uses complex math to verify transactions and the people that volunteer that completing power to the network or miners are generated bitcoin as a reward for their effort. Money is something generally accepted as a medium of exchange , a measure of value ,or a means of payment. Money is what we use everyday to pay our liabilities, and this includes currency and to a much bigger extent.Bitcoin is much safer than money because nobody can steal. We can invest bitcoin and convert into money.

[oacorewsoni]

There is lot of difference. I mean there is harldy any similarities between real money and bitcoin. Both have common line that is both are money and except that there is nothing similar between them. One have tax other don't. One is centralized and other is decentralized.

[David Van]

different in that real money I can hold and see it, while bitcoin it is invisible

[mware]

it's simple, money is currency, check is an instrument to transfer value of currency. Bitcoin is an electronic version of paper checks.

[David Van]

The real money is concentrated and managed by the government.  Everyone will control it and no one can control it