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Topic: bitcoin vs. real money??? - page 10. (Read 1985 times)

full member
Activity: 688
Merit: 106
May 02, 2018, 02:40:54 AM
Bitcoin is also money, The only difference between bitcoin and a Fiat money is the fact that bitcoin is Digital and highly volatile while fiat is the opposite of this. however Bitcoin has several advantages and disadvantages over Fiat. Nevertheless, The role both plays are similar and cannot be overemphasised.
In fact, bitcoin is a digital money and it is like fiat that can be also used in different kind of transactions. Furthermore, fiat have exact value on market and it can be used both online and offline transactions while bitcoin you can't use it in offline transactions like paying in restaurants, fast food chain and many more. Lastly, I think bitcoin will become our future money but I guess it will never replace fiat.
newbie
Activity: 140
Merit: 0
May 02, 2018, 02:39:31 AM
if compared based on usage, certainly many people prefer real money. maybe a bitcoin jiga has a card that can be directly used in supermarkets, shops, restaurants, gas stations, and other people will prefer me bitcoin.
newbie
Activity: 89
Merit: 0
May 02, 2018, 02:39:23 AM
Bitcoin is something that we can use through online payment that the advantages is you don’t need cash before paying some bills, in just one minute the trasaction is done. Real money is what we use since we have it and knew how to use it.
full member
Activity: 910
Merit: 101
May 02, 2018, 02:39:11 AM
for the current virtual money is still temporary or still lack of enthusiasts because we are faced
in an era that will advance and we are still a transition period, which still choose which is best,
because real money is still widely used and debit card so many users, will be eroded with
virtual money that is now more and more that make it and will be easier to use and transact.
full member
Activity: 560
Merit: 145
May 02, 2018, 02:38:46 AM
First, I want to express my opinion about this, in my country of course. i am a citizen of indonesia. the population of Indonesia is about 262 million people. while internet users in Indonesia reach 143 million people, about 50% of the population use the internet.
Blockchain technology in bitcoin requires users to use the internet, so half of our population should what if using bitcoin as a means of payment, I think this problem is faced by many other countries.

Second, the population of debit card and credit card users in our country is only familiar in urban areas. how many people still like to use physical money.

Third, bitcoin users in our country is still small, but has a tremendous level of assets. daily transaction 1.2 billion US dollars.

I think the use of bitcoin / cryptocurrency technology should reflect the interests of the whole community. if imposed will bring destruction on such technology because of transaction scalability. I can not say which bitcoin and physical money are better, but I want to say they have their own value in the hearts of people.
newbie
Activity: 182
Merit: 0
May 02, 2018, 02:36:41 AM
I think real money will still exist in a country, real money will also be more easily accepted by the general public than bitcoin even though bitcoin offers great benefits. Government and society will still rely on real money in every need in the future.
newbie
Activity: 164
Merit: 0
May 02, 2018, 02:28:40 AM
There is a long way in replacement of real money with cryptocurrencies. However, we have a good start. Hopefully, we will reach a good result.
newbie
Activity: 10
Merit: 0
May 02, 2018, 02:24:28 AM
it is definite that value of everything changes. If there is a big enough issue for people to loose their believe in paper money, bitcoin can fulfill the absence of paper money.
full member
Activity: 1316
Merit: 108
May 02, 2018, 01:59:33 AM
Bitcoin or Real Money
Recently, a survey was conducted among ordinary US citizens. It turned out that according to the degree of preference, banknotes lose to debit cards by only 6 percent.In the polls that took place in May and June, 1 thousand Americans participated. Of these, 27 percent preferred cash. The most popular debit cards - 33%. The situation with virtual currencies is quite good. They satisfy 15 percent of respondents.
For the time being, there are means of payment in circulation that are irretrievably obsolete. They are to taste only 3 percent of respondents. These include checks.Similar studies have been conducted in Asian countries. And here it was confirmed that paper money is still the leading way of making settlements.
Not surprisingly, the most popular debit cards in the US. They can also contain the main types of crypto currency. As the infrastructure for crypto currency is still poorly developed, it is now very difficult to buy goods and services directly in the crypto currency. Debit cards eliminate this drawback. They combine the possibilities of crypto currency with ordinary money, because it indicates the currency and your funds increase along with the increase in the value of the crypto currency, and at the same time you can calculate at any outlet in the usual currency, however, a certain number is being withdrawn from your account and a crypto currency. It is very profitable.
jr. member
Activity: 238
Merit: 4
May 02, 2018, 12:56:06 AM
This is not to be compared. Real money backed up bitcoin while bitcoin can never back up real money because money is regulated to make the economy more stable. Otherwise the country's economy could collapse.
newbie
Activity: 196
Merit: 0
May 01, 2018, 11:58:47 PM
Our world changes constantly and if you want to move with the times and to progress along with the rest of society you should accept bitcoin.  No problem in  using usual money as well as digital currencies if it gives you comfort. If bitcoin disappears it doesn’t mean that fiat money will grow.
yes you are correct change is inevitable and there is nothing we can do to stop it. It is either you accept the changes or continue to dwell in the past. But I don't see money disappearing, instead I see it go hand in hand with bitcoin and cryptocurrency. Money has been used for so long and has established a lot to just disappear.
sr. member
Activity: 616
Merit: 251
May 01, 2018, 11:55:20 PM
Our world changes constantly and if you want to move with the times and to progress along with the rest of society you should accept bitcoin.  No problem in  using usual money as well as digital currencies if it gives you comfort. If bitcoin disappears it doesn’t mean that fiat money will grow.

Yeah your are definitely correct, crypto currency gives us comfort especially if you have relatives far from you you can easily send them bitcoin fast and easy with minimal fee. And they can convert that on local fiats and use it. It is more efficient than sending real money that has high sending fees.
newbie
Activity: 252
Merit: 0
May 01, 2018, 11:38:02 PM
Both, the BTC and Real money (paper money) are currency difference is Real money is a paper with value and BTC is a virtual currency with value. The transaction of BTC is better than the real money it’s true. On the other hand, Real money takes time. Currencies (Real Money) are different in different countries which will never be the common currency over the world, But BTC do have the possibility of being the currency over the word.
sr. member
Activity: 1806
Merit: 295
May 01, 2018, 11:26:58 PM
if the comparability is a currency, fiat plays an important role in maintaining the economic stability of a country, the world economy needs to intervene from the government as a memorandum of understanding between countries to maintain economic circulation.

if bitcoin dominates the economy and even replaces the fiat. then all will be free without binding regulations and the economy will be on the greedy side of each other without anyone can hold it.
jr. member
Activity: 121
Merit: 1
May 01, 2018, 11:20:51 PM
I do not understand what you want to ask. But my point is that bitcoin is the market for us to invest in to get profit. And when we get a profit, we can convert it into real money. What do you want to ask?
full member
Activity: 700
Merit: 101
May 01, 2018, 11:00:44 PM
Bitcoin or Real Money
Recently, a survey was conducted among ordinary US citizens. It turned out that according to the degree of preference, banknotes lose to debit cards by only 6 percent.In the polls that took place in May and June, 1 thousand Americans participated. Of these, 27 percent preferred cash. The most popular debit cards - 33%. The situation with virtual currencies is quite good. They satisfy 15 percent of respondents.
For the time being, there are means of payment in circulation that are irretrievably obsolete. They are to taste only 3 percent of respondents. These include checks.Similar studies have been conducted in Asian countries. And here it was confirmed that paper money is still the leading way of making settlements.
until now paper currency is still dominating the world's economy, this is because the currency of crypto or bitcoin have a high risk if used as global currency. so many countries have not received crypto currency
newbie
Activity: 46
Merit: 0
May 01, 2018, 10:48:47 PM
It is amazing to see the increasing dominance of bitcoins in such less time. If it can achieve so much in just 8 years, just think of future, it is the best investment option .
newbie
Activity: 32
Merit: 0
May 01, 2018, 10:07:53 PM
in my opinion every money has their own position and has different usage, paper money must still be a lot of people because not everyone can access virtual money, and virtual money is widely used in investing and also shopping online.
full member
Activity: 420
Merit: 102
May 01, 2018, 10:05:45 PM
Comparing bitcoin in a real money is not good for me because each one has their individual differences whereas they have their own advantages and disadvantages and thats what we like is all advantages and we can use it both in their different uses.
I agree with you, I don't think it is necessary to compare real money and Bitcoin; they are different from each other, they give different benefits to each of us; thus, comparisons should not be done.
newbie
Activity: 115
Merit: 0
May 01, 2018, 09:57:59 PM
Comparing bitcoin in a real money is not good for me because each one has their individual differences whereas they have their own advantages and disadvantages and thats what we like is all advantages and we can use it both in their different uses.
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