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Author Topic: Electronic Money vs. Physical Money  (Read 9483 times)
Kimi80
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October 27, 2017, 08:03:57 PM
 #161

For me personally there is no much difference between those two because I use both of them for every day needs without any problem. Off course I just have to convert bitcoin to fiat currency first. By its definition, everybody here said it so I don`t have to repeat it.
I have that same feeling about confusion that people have when biotcoin is the subject. When I first heard about it I wanted to understand what it is so I decided to learn about it. In my environment people do not want to know about bitcoin. What is the real reason I don`t know but most often people say to me that they can not understand anything at all. Even when we talk about bitcoin and when I explain to them as simple as I can, tomorrow they still says how they don`t understand nothing.
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October 27, 2017, 10:31:00 PM
 #162

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley
This is hard work, to convince someone that with bitcoin is safer than with physical money. If some wants to learn about it i suppose it is easier if it make a correlation with the plastic card, those are digital money to, they can't see or touch them. The same goes with cryptocoins, just that is an other, let's say foreign currency.

Comparing bitcoin and paper money will naje you realiza that even the paper money is still used anytime from noe it can be outdated because if money. But it will not be easy because the regular way of paying is using paper money. Nit all peoole knows bitcoin and how to get things done using bitcoin especially here in our country where internet connection is very slow.
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October 27, 2017, 11:42:15 PM
 #163

Bitcoin which we call the electronic money is totally virtual stored in digital wallets. Physical money is totally different from it.
Physical money can be generated more but cryptocurrency is limited. It cannot be generated more. What we have at present will remain the same. And it can be only transferred from one account to other. We cannot hold it. And I think electronic money is more safer and easy to use nowadays.
The word real money and Bitcoin are not the two different things. Bitcoin is cash whenever you need to sell it. Bitcoin is also use for purchasing of goods like gold. On some ones opinion it is better than gold. Bitcoin is digital currency which has money benefits over the physical currency. There is no fear of theft and its price rate is going up continuously. In my opinion Bitcoin is the electronic and physical currency at time.
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October 27, 2017, 11:52:59 PM
 #164

The comparison of both currency are really have a big difference they are both useful to us, electronic or digital money is the crypto currency money that by using internet connection we access payment transaction through this while physical money or a paper money its a handy money which is we can purchased without internet connection.
This both thing can't compared because they are same currency that we need.

Electonic money (cryptocurrency) and Physical money are totally different so its hard to tell on the other people which is easy to use, mostly for those country that not enough internet connection or didnt know how to use internet to use this electonic money and Paper money is being used since centuries while digital money is introduced only few years ago. Moreover, paper money is good for spending while digital money is good for investing.
It's totaly different electronic money and physical money whenever someone doesnt know about electronic money it has a lot of explanation to someone doesnt know yet about technology. Yes paper money should use for buying good and services while on electronic money has a lot of use.
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October 27, 2017, 11:56:27 PM
 #165

For me both of this are usable, in terms of daily funding physical money is the best to used, while in using electronic money is better to the online shopping. Anyone of this have used in different countries because if you have only one amount, instead of easiest way of buying items, goods it services it will turns to difficult. Moreover using both electronic money and physical money are more safely than savings in one account only.
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October 28, 2017, 12:00:39 AM
 #166

Physical money more simple in usage then electronic and it also requires internet to use them, and for simple transactions like buying in a store i would be faster to use physical money for online payments will be better electronic


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October 28, 2017, 12:23:38 AM
 #167

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley

Credit cards are also considered as electronic money. It is better to have both every time since not everyone is accepting electronic money.

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October 28, 2017, 03:40:54 PM
 #168

Physical money more simple in usage then electronic and it also requires internet to use them, and for simple transactions like buying in a store i would be faster to use physical money for online payments will be better electronic

Yes you are right. Physical money is the easiest currency to use because it works anytime anywhere. Whereas with bitcoins or other crypto currencies, we will always need a fast and reliable internet connection. Plus the transaction fees and the waiting time for confirmations are quite bad. But we certainly need both. Because even if both have their own share of cons, they noth also have great pros that can really guve benefits to its users and better the world in a way.
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October 29, 2017, 10:46:49 AM
Last edit: October 29, 2017, 11:00:59 AM by ivrynx
 #169

 Both electronic money and physical money are the same, both are still currencies, however there is a very huge differnce ehen it comes to value, if you are talking about the physical money, being fiat, its buying power decreasing, it is noticeable when you look at the inflation rate 10 years ago and today, however for bitcoin it is different, the value increased from 10 years ago. I think that a lot people will agree that they are feeling the affects of inflation and those who are into bitcoin for sure are now seeing the growth of value of their investments. I think that electronic currency is still the best since it is the future and is more flexible, there are also a lot of traits that electronic currency that physical money cannot give, and also if you check the benefits of electronic currency, it is still much better and there's a lot.
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October 29, 2017, 12:01:41 PM
 #170

Their is some of difference between electronic money and physical money l. E The electronic money is the system for making payments which is digital in nature and it is act as a catalyst  in mobile payment revolution. But in the case of physical money you have to pay direct into the seller hand. In case of electronic money you can use it anytime anywhere and transition of electronic currency is safe easy and convenient them real money.  Debit cards, credit card, visa cards,  paypal app are consider as a electronic money and different countries currency are consider as a physical money
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October 29, 2017, 12:16:55 PM
Last edit: October 30, 2017, 06:33:48 AM by Thanasis
 #171

Both electronic money and physical money are the same, both are still currencies, however there is a very huge differnce ehen it comes to value, if you are talking about the physical money, being fiat, its buying power decreasing, it is noticeable when you look at the inflation rate 10 years ago and today, however for bitcoin it is different, the value increased from 10 years ago. I think that a lot people will agree that they are feeling the affects of inflation and those who are into bitcoin for sure are now seeing the growth of value of their investments. I think that electronic currency is still the best since it is the future and is more flexible, there are also a lot of traits that electronic currency that physical money cannot give, and also if you check the benefits of electronic currency, it is still much better and there's a lot.

The digital and fiat currency two of them are nothing but currency you can spend it where you want and you can convert it into exchanges but the exchanging process is different.If you want to convert fiat currency you can ho to exchange and convert it and same if you want to buy something with fiat currency yiu just pay how much it costs.But digital currency is little different you need a wallet to store your currency.if yiu are buying with digital currency you need to send the amount to the seller so you need his wallet address.

But you said is absolutely right the value of fiat currency decrease when days passed but the value of digital currency increased when days passed.

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October 29, 2017, 12:31:21 PM
 #172

These are some points that make bitcoin and fiat different:

1. Fiat is non volatile, if you kept it for a long time, the value won't change while bitcoin is changing its price from time to time.

2. If you invest in electronic money or bitcoin especifically there are bigger changes that it will profit and double you investment in a short period ublike fiat.

3. Fiat is very accessible, you can use it anywhere and anytime. There's no need to use internet.

4. Both are important and both are valuable. It's better to have them both.  Grin

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October 29, 2017, 01:42:58 PM
 #173

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley
This is hard work, to convince someone that with bitcoin is safer than with physical money. If some wants to learn about it i suppose it is easier if it make a correlation with the plastic card, those are digital money to, they can't see or touch them. The same goes with cryptocoins, just that is an other, let's say foreign currency.

Comparing bitcoin and paper money will naje you realiza that even the paper money is still used anytime from noe it can be outdated because if money. But it will not be easy because the regular way of paying is using paper money. Nit all peoole knows bitcoin and how to get things done using bitcoin especially here in our country where internet connection is very slow.

Paper money are still the best when buying necessities because the price never change unlike bitcoin. Bitcoin cant be use without internet and because of its volatility, your never assure if the price will go down once you buy an item.

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October 29, 2017, 02:01:02 PM
 #174

These are some points that make bitcoin and fiat different:

1. Fiat is non volatile, if you kept it for a long time, the value won't change while bitcoin is changing its price from time to time.

2. If you invest in electronic money or bitcoin especifically there are bigger changes that it will profit and double you investment in a short period ublike fiat.

3. Fiat is very accessible, you can use it anywhere and anytime. There's no need to use internet.

4. Both are important and both are valuable. It's better to have them both.  Grin
People are repeatdly saying that the emergence of bitcoin and other cryptocurrency will mark the end of fiat money but in my opinion, these two methods of payment are going to be there concurrently for a very long time because in the end when a person cashes their bitcoin, they will receive cash,
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October 29, 2017, 02:22:38 PM
 #175

You can use electronic money without holding it literally, and you can only have access to it if you have internet connection. Also, electronic money doesn't have physical form. On the other hand, physical money can be touched, and it has various shapes. It also has different currencies and it depends on the country. For me I think holding electronic money is better than physical money because it is safer, and you can use it wherever you are.
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October 30, 2017, 04:58:44 AM
 #176

These are some points that make bitcoin and fiat different:

1. Fiat is non volatile, if you kept it for a long time, the value won't change while bitcoin is changing its price from time to time.

2. If you invest in electronic money or bitcoin especifically there are bigger changes that it will profit and double you investment in a short period ublike fiat.

3. Fiat is very accessible, you can use it anywhere and anytime. There's no need to use internet.

4. Both are important and both are valuable. It's better to have them both.  Grin
People are repeatdly saying that the emergence of bitcoin and other cryptocurrency will mark the end of fiat money but in my opinion, these two methods of payment are going to be there concurrently for a very long time because in the end when a person cashes their bitcoin, they will receive cash,

It depends on you whether you want to cash your bitcoin into fiat or stay with bitcoin itself and get your fiat from other places, like from your daily job. But I can say that fiat and electric money can never be seperated from because when bitcoin can't be change to fiat, it will be meaningless to have coin that has no value on it. Mean while when you have fiat and want to start buying coin,it has no value too. So I think to get both money is pretty good right now and most of them make bitcoin as their extra income
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October 30, 2017, 07:15:50 AM
 #177

These are some points that make bitcoin and fiat different:

1. Fiat is non volatile, if you kept it for a long time, the value won't change while bitcoin is changing its price from time to time.

2. If you invest in electronic money or bitcoin especifically there are bigger changes that it will profit and double you investment in a short period ublike fiat.

3. Fiat is very accessible, you can use it anywhere and anytime. There's no need to use internet.

4. Both are important and both are valuable. It's better to have them both.  Grin
People are repeatdly saying that the emergence of bitcoin and other cryptocurrency will mark the end of fiat money but in my opinion, these two methods of payment are going to be there concurrently for a very long time because in the end when a person cashes their bitcoin, they will receive cash,

It depends on you whether you want to cash your bitcoin into fiat or stay with bitcoin itself and get your fiat from other places, like from your daily job. But I can say that fiat and electric money can never be seperated from because when bitcoin can't be change to fiat, it will be meaningless to have coin that has no value on it. Mean while when you have fiat and want to start buying coin,it has no value too. So I think to get both money is pretty good right now and most of them make bitcoin as their extra income
In the future, bitcoin may not be converted to fiat anymore because they can use it directly to the stores or any shops to pay the items that they bought or the service that they used. Electronic money and physical money will be merged in the future and that is almost a guaranteed thing that will happen in the future because the technology will make things evolved and more convenient.

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October 30, 2017, 08:13:05 AM
 #178

These are some points that make bitcoin and fiat different:

1. Fiat is non volatile, if you kept it for a long time, the value won't change while bitcoin is changing its price from time to time.

2. If you invest in electronic money or bitcoin especifically there are bigger changes that it will profit and double you investment in a short period ublike fiat.

3. Fiat is very accessible, you can use it anywhere and anytime. There's no need to use internet.

4. Both are important and both are valuable. It's better to have them both.  Grin
People are repeatdly saying that the emergence of bitcoin and other cryptocurrency will mark the end of fiat money but in my opinion, these two methods of payment are going to be there concurrently for a very long time because in the end when a person cashes their bitcoin, they will receive cash,

It depends on you whether you want to cash your bitcoin into fiat or stay with bitcoin itself and get your fiat from other places, like from your daily job. But I can say that fiat and electric money can never be seperated from because when bitcoin can't be change to fiat, it will be meaningless to have coin that has no value on it. Mean while when you have fiat and want to start buying coin,it has no value too. So I think to get both money is pretty good right now and most of them make bitcoin as their extra income
In the future, bitcoin may not be converted to fiat anymore because they can use it directly to the stores or any shops to pay the items that they bought or the service that they used. Electronic money and physical money will be merged in the future and that is almost a guaranteed thing that will happen in the future because the technology will make things evolved and more convenient.


Electronic money and physical money both have importance in their own ways, only that bitcoin as electronic money is not widely used yet. Like physical money bitcoin can also be used to purchase online and pay bills in selected countries. I think there's no need to argue as to which is more important or which to be deminished since both have helped people in their financial needs.
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October 30, 2017, 08:17:02 AM
 #179

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley

actual physical money such as banknotes is very inefficient if in use for several years to come because the production of paper money made of wood will make the forests on earth became exhausted and make the earth more hot and arid. electric money or digital currencies such as bitcoin is the solution.
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October 30, 2017, 08:23:22 AM
 #180

I would prefer crypto money is better because it is easy to earn and it also provide part-time job to youth and young and also provide job to unemployed persons for making their life's brighter but when we see physical money it is also a better but it's hard to earn now these days in the world of competition but in crypto world their is more spam so be safe and aware for this.
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