Difference between Bitcoin and real money? - page 103.

Fatanut

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Quote from: Polar91 on April 24, 2017, 09:26:04 PM

Bitcoin is unlike real momey since it's not controlled by the goverment. Tha value of bitcoin depends on the sell/buy order of bitcoin in trading sites. Bitcoin can be only use online while real money can be use online/offline. Bitcoin's developer are anonymous where in the fiat/real money, there is no developer but there are people who regulates it which it the goverent.

Which makes the whole concept of fiat obsolete. This monetary system was thought by someone centuries ago. Think about how much we have evolved. Think about how much our imagination has grown so far. Back then, there's no technology so people really needed to exchange coins. But today, there's an Internet connection to almost everywhere. We should have a revolution and free ourselves from the slavery of fiat money.

Centralized money makes us work for the government. And even if you think you don't, you actually do. With all these taxes, you're giving the government a huge part of your salary. You worked hard for that money and then a huge chunk of it will only go to your corrupt government.

feanry

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i think that the difference not only at the digital funds and physic money, cause real money will never ever and ever change the number of amounts, You know the dollar value also change if you convert it into other country currencies am i right? Like that BTC value also change that's it.

grobura

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Quote from: Duzter on April 24, 2017, 10:24:18 PM

Quote from: Finestream on April 24, 2017, 08:55:42 PM

Quote from: sobsitesearch on April 24, 2017, 08:26:31 PM

Quote from: Lauren Smith on April 24, 2017, 08:10:49 PM

Money is nothing more then something we have given value to and is small and easy to carry and use everywhere. You can trade money for anything you want since it has value. Bitcoin is the same since it also has value but usually Bitcoin is seem more as an asset like stocks. That's why the exchanges are basically digital stock markets.

Correct sir, in real money all people can able to used it even poor people they can while in bitcoin limited people can used it because not all people can afford gadgets to access bitcoin.
For now bitcoin is much better to invest than using real money because the value of bitcoin now is very high and it was continuous increasing, more investor now start to add some amount of money as bitcoin investment.

If you will look at the bigger picture, you will see that majority of the world's population are still poor and because of their status in life they will not be interested with the newest technology, their main purpose to live now is just to earn money to buy food at the very simple way that they know.

That's true, when one gets the basic requirement he/she focus towards the next level of growth. There are people who are struggling to find even a one time food. In such scenario technology aspects won't make them attracted to it, though it provides them some earning access.

If a person cares about his future, then he is ready to develop and master new technologies. I, too, live in a poor country, but I find the time and desire for training. I believe that this will make my life better and richer.

Now I'm more interested in bitcoins than fiat. He is more promising

Duzter

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Quote from: Finestream on April 24, 2017, 08:55:42 PM

Quote from: sobsitesearch on April 24, 2017, 08:26:31 PM

Quote from: Lauren Smith on April 24, 2017, 08:10:49 PM

Money is nothing more then something we have given value to and is small and easy to carry and use everywhere. You can trade money for anything you want since it has value. Bitcoin is the same since it also has value but usually Bitcoin is seem more as an asset like stocks. That's why the exchanges are basically digital stock markets.

Correct sir, in real money all people can able to used it even poor people they can while in bitcoin limited people can used it because not all people can afford gadgets to access bitcoin.
For now bitcoin is much better to invest than using real money because the value of bitcoin now is very high and it was continuous increasing, more investor now start to add some amount of money as bitcoin investment.

If you will look at the bigger picture, you will see that majority of the world's population are still poor and because of their status in life they will not be interested with the newest technology, their main purpose to live now is just to earn money to buy food at the very simple way that they know.

That's true, when one gets the basic requirement he/she focus towards the next level of growth. There are people who are struggling to find even a one time food. In such scenario technology aspects won't make them attracted to it, though it provides them some earning access.

batang_bitcoin

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Quote from: Polar91 on April 24, 2017, 09:26:04 PM

Bitcoin is unlike real momey since it's not controlled by the goverment. Tha value of bitcoin depends on the sell/buy order of bitcoin in trading sites. Bitcoin can be only use online while real money can be use online/offline. Bitcoin's developer are anonymous where in the fiat/real money, there is no developer but there are people who regulates it which it the goverent.

Yes bitcoin is very independent unlike real money, they are being regulated by the government. And bitcoin's price is depending on the market the same thing with real money, the supply and demand is playing an important role for it. Also bitcoin is digital that can be converted to cash, real money is physical that can do the same thing too.

Polar91

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Bitcoin is unlike real momey since it's not controlled by the goverment. Tha value of bitcoin depends on the sell/buy order of bitcoin in trading sites. Bitcoin can be only use online while real money can be use online/offline. Bitcoin's developer are anonymous where in the fiat/real money, there is no developer but there are people who regulates it which it the goverent.

Finestream

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Quote from: sobsitesearch on April 24, 2017, 08:26:31 PM

Quote from: Lauren Smith on April 24, 2017, 08:10:49 PM

Money is nothing more then something we have given value to and is small and easy to carry and use everywhere. You can trade money for anything you want since it has value. Bitcoin is the same since it also has value but usually Bitcoin is seem more as an asset like stocks. That's why the exchanges are basically digital stock markets.

Correct sir, in real money all people can able to used it even poor people they can while in bitcoin limited people can used it because not all people can afford gadgets to access bitcoin.
For now bitcoin is much better to invest than using real money because the value of bitcoin now is very high and it was continuous increasing, more investor now start to add some amount of money as bitcoin investment.

If you will look at the bigger picture, you will see that majority of the world's population are still poor and because of their status in life they will not be interested with the newest technology, their main purpose to live now is just to earn money to buy food at the very simple way that they know.

sobsitesearch

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Quote from: Lauren Smith on April 24, 2017, 08:10:49 PM

Money is nothing more then something we have given value to and is small and easy to carry and use everywhere. You can trade money for anything you want since it has value. Bitcoin is the same since it also has value but usually Bitcoin is seem more as an asset like stocks. That's why the exchanges are basically digital stock markets.

Correct sir, in real money all people can able to used it even poor people they can while in bitcoin limited people can used it because not all people can afford gadgets to access bitcoin.
For now bitcoin is much better to invest than using real money because the value of bitcoin now is very high and it was continuous increasing, more investor now start to add some amount of money as bitcoin investment.

Lauren Smith

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Money is nothing more then something we have given value to and is small and easy to carry and use everywhere. You can trade money for anything you want since it has value. Bitcoin is the same since it also has value but usually Bitcoin is seem more as an asset like stocks. That's why the exchanges are basically digital stock markets.

ModGirl

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Quote from: CuriousGeorge on April 24, 2017, 05:29:31 AM

Quote from: DoublerHunter on April 24, 2017, 05:25:53 AM

Quote from: Sadlife on April 21, 2017, 11:44:15 AM

Actually both are real money if you ask me, it's just that bitcoin has a good value in the market campared to fiat currency
Bitcoin is decentralized and more secured with it's anonymity.

The only problem that bitcoin is not yet legalized in many countries so you can't use it as a direct payment for goods and services.

I agree with you that they are both real money and the only difference is being centralized and decentralized and also being physical versus virtual and aside from that, it is just a small differences. Bitcoin and fiat is created with a very different features and use and fiat was the first currency and bitcoin is just an additional but they are still real money because we can spend both of them.

that is right it's very obvious answer and people keep questioning the same, should this forum provide frequently asked question including this stupid endless question? i think yes

The members who already know about the forum often search first about any question and then they find if it is already discussed. It is full of frequently asked question. Only those who are unable to find the answer ask the question.

kidoseagle0312

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the difference between Bitcoin and real money, In bitcoin it is not physically touch, it is a kind of virtual currency which is electronically used only for now, it is also anonymous, and not regulated unlike In real money, it is physically useful especially in any aspect of business outside. And real money was engage and centralized by the government.

Format.C^

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Quote from: Mr.grin on April 24, 2017, 07:13:17 AM

Quote from: ivanpoldark on April 24, 2017, 07:03:20 AM

Bitcoin is not a gamble, it's an investment to the future, particularly yours and your family. And at the moment, it is even not a high risk investment, so much real money and investors bring their funds here, that i see not a chance that bitcoin can crash or sink too much.

well, because bitcoin is a future investment, then it becomes the difference between real money, with bitcoin. If holding bitcoin for a long period of time, it's possible that we get a big profit, whereas you will not get any profit if you keep money for a long period of time.

Yeah the value of fiat will never increase over a period of time and it will be the same even in future and inflation will depreciate its value too but if you have saved good amount of bitcoins then its value will appreciate over a period of time.

Mr.grin

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Quote from: ivanpoldark on April 24, 2017, 07:03:20 AM

Bitcoin is not a gamble, it's an investment to the future, particularly yours and your family. And at the moment, it is even not a high risk investment, so much real money and investors bring their funds here, that i see not a chance that bitcoin can crash or sink too much.

well, because bitcoin is a future investment, then it becomes the difference between real money, with bitcoin. If holding bitcoin for a long period of time, it's possible that we get a big profit, whereas you will not get any profit if you keep money for a long period of time.

atronite

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Quote from: ivanpoldark on April 24, 2017, 07:03:20 AM

Bitcoin is not a gamble, it's an investment to the future, particularly yours and your family. And at the moment, it is even not a high risk investment, so much real money and investors bring their funds here, that i see not a chance that bitcoin can crash or sink too much.

The price of bitcoins can fall in future but it will never fall to extreme level and even if it goes down there will always be a room for an improvement and it will be recovered soon so there is no risk involved in investing money in bitcoins especially if you can manage to hold them for a long term.

ivanpoldark

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Bitcoin is not a gamble, it's an investment to the future, particularly yours and your family. And at the moment, it is even not a high risk investment, so much real money and investors bring their funds here, that i see not a chance that bitcoin can crash or sink too much.

speem28

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Quote from: pakitz on September 10, 2016, 02:15:32 PM

to be unknown in any transactions online.. Cool

This is just one of the difference of bitcoin over real money, it's anonymity. But because of this, bitcoin can have a lot of differences over real money. Like it is decentralized and you can't track transaction of bitcoin, unlike real money that can easily be track. We can also use bitcoin to buy things we want online. These are just some of the many differences of bitcoin and real money.

Dimelord

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Quote from: crst on September 10, 2016, 01:13:57 PM

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?

Fiat currency is a paper currency issued by the reserve bank of a country and it no longer represents the gold deposits they have.Using bitcoins with businesses like Bitplay,open bazaar,you could be free from banking sectors.Bitcoin's appreciation beats dollar inflation.Since dollar is continuosly printed and released,its value decreases normally.But bitcoin availability is limited to 21 millions and so each bitcoin's price increases as demand increases.You could move millions of dollars easily in bitcoins,but if you want to do it so in fiat,you will be put on watchlist.If you send money in bitcoins,transaction fee is much less than sending in fiat.

TimeManLove

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Quote from: Lecam on April 24, 2017, 05:32:32 AM

Quote from: crst on September 10, 2016, 01:13:57 PM

What's the difference between Bitcoins and dolars?

Theres a big difference between bitcoin and dollars. Bitcoin you can used it for fast transactions and easily to send bitcoin to another bitcoin wallet. Bitcoin have many uses online and you can also cash it out. In dollars you can do buy what you want but its hard to invest now using dollars because they almost want is bitcoin.

Dollars are a currency that is controlled by the government. A Bitcoin is an uncontrolled currency. But of course there are many opposing opinions. Some people believe that bitcoin can control large coin holders

Kotone

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Quote from: stadus on April 20, 2017, 09:51:41 PM

Quote from: FeelingVER on April 20, 2017, 03:07:42 PM

Quote from: uneng on April 20, 2017, 02:41:29 PM

Quote from: Kotone on April 20, 2017, 02:27:04 PM

I've been using bitcoin since 2014 and i will say that bitcon is more profitable than earning from descent job from office where you can get money bitcoin there are chance that bitcoin can be grow when you are stocking them into your wallet money is you just ready to spend them or put into bank with 1% interest of it in bitcoin you can do activities like trading , gambling , and investmenst.

There are many differences. I agree the bitcoin is much more profitable than fiat. Bitcoin is virtual, fiat is physical, decentralization/centralization, anyone can have a bitcoin wallet, only adults can have accounts at the banks, and consequently, only adults can deal with money on the internet with fiat payment system sites. Bitcoin makes the world easier to buy, sell and hire services.

You are certainly right, but apart from the advantages there are also drawbacks of bitcoin. For example, the risk that the price will fall. And the negative side is the long confirmation of the transactions. When using fiat, there is no such problem

The price will fall anytime but it will also rise, that is how the market move because bitcoin is not yet stable, thus, this is not good for us as not all people are willing to take bigger risk. Bitcoin is good for investors and traders but for a normal person who just want to work and spend they will need real money and that works perfect for them.

It will anytime soon bitcoin price will be dump and will be pump after two week onwards markets are truely earning from traders who also bought bitcoin time by time bitcoin will never be stable like what gold is. Taking the big risk may lead us to earn big too also accept the fact that we could lose profit with our initial sometimes spending too much on investment for altcoins is good too. It will gain us great profit.

Lecam

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Quote from: crst on September 10, 2016, 01:13:57 PM

What's the difference between Bitcoins and dolars?

Theres a big difference between bitcoin and dollars. Bitcoin you can used it for fast transactions and easily to send bitcoin to another bitcoin wallet. Bitcoin have many uses online and you can also cash it out. In dollars you can do buy what you want but its hard to invest now using dollars because they almost want is bitcoin.

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