Topic: Difference between Bitcoin and real money? - page 104. (Read 114848 times)

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

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.

gold was real money and not inflationary fuk nut.

bitcoin is real money - dah.

Yes I agree with you and the basic other different between bitcoin and real money
are the bitcoin be made for against the inflation in currencies,
but the real money be made for stolen the values because of the inflation
so bitcoin is deflation and real money is inflation.

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.

The big difference between fiat and bitcoin is the resources that backs up the value of the said currencies. Fiat is usually backed up by commodities like precious metals. The value of fiat is based on how much the gold reserves of the particular government printing the said currency. Bitcoin on the other hand derives most of its value from fiat. Fiat is the one that gives bitcoins its value. If people does not give a high valuation of bitcoin in fiat, bitcoins price wouldn't be as where it is now.

May be obvious from its value. Bitcoin prices are always based on genuine money, and it always rises, and falls unstable. While fixed and stable money prices. Very much that distinguishes bitcoin and real money, basically bitcoin is just an investment tool just like gold, but can be used as a medium of exchange.

Money is a term used by economists for something that does three things (which I'll briefly explain in a moment):

A store of value
A medium of exchange
A unit of account

BitCoin meets all three conditions -

You can acquire some and keep them, and they'll still be worth what they used to be (in the same way that a dollar is still worth a dollar, not that it'll still buy what a dollar used to.) That is to say, it's a store of value.
You can buy things with them. Not everyone will accept them, but you're probably going to have better luck finding someone to sell you a laptop for BitCoins than you are for Zim Dollars, despite the fact that Zimbabwe has a government.
You can price things in them, and they are fungible - that's to say that your BitCoin and my BitCoin are worth the same as each other. It's not like trying to trade in, say, oil paintings - people might accept a given Rembrandt for a given Picasso, but no-one would say "you can have my Turner seascape for (any) three Picassos." This makes them a unit of account.


To be a successful type of money you need a lot of people willing to accept them.

Some types of money do this by having one or more governments saying you have to accept them as payment for a debt. (That's subtly different from have to accept them - if you offer me a dollar bill for a Mars Bar, I'm under no obligation to accept your dollar bill... But if I meet you in the street and say "Heh, Jack, what about that dollar you owe me", I'm not allowed to turn down the two 50c coins you offer me.) This property is called "legal tender." BitCoin doesn't have it...

... but in most parts of the world, nor does the US Dollar, nor the Euro, Yuan, Yen, or Swiss Franc.

BitCoin is a type of money less widely accepted than, say, the US dollar, but more widely accepted than, say, the Vatican Lire [1] was in 2001.



[1] Yes, the Vatican used to have its own currency. In 2002, it adopted the Euro, and still mints its own.

Most of the time bitcoin can be used as real money just online not for offline.

Only major concern is that government may have more then just control that is something that can be happening in any time soon.
Real appliance for bitcoin will be achieved in few years from now, I expect to see this happening. Also dont want to see some government influence price that is not good for bitcoin, cuz this most users see this as investment not a paying mean.

For paying we need more time to be achieved and implemented in every day use.

I agree with you, bitcoin has many advantages over paper money, but what I worry about is that bitcoin sometime in government control of course this will appear new rules on bitcoin.

Real money is used in trade for other things where as most of the people use Bitcoin as an investment because users know that the price will increase like you. So we cant compare both of them on the same points.

I think bitcoin is better than real money, with bitcoin transactions we can use to more and faster and costs cheaper. In addition, with a great choice bitcoin for investment because the prices always go up, I ever got profit more than 70% only 4 months.

Bitcoin has a lot of advantages over real money, some of them are Tax-free, Security and Opportunities to earn bitcoin is better that earning money. It's like fiat money is always being controlled by the government or some other powerful people in the economy, unlike bitcoin .

bitcoin is a digital currency while real money is a paper or fiat money or legal tender.

Well both have advantage and disadvantage .i think instead of seing its negative side we need to think first its very first advantage that will help us .We can do lessen rhe risk it only depending on the user how you will use it . Although confirmations is too long but the thing is it provides more secure anonymously sending without tracing your location or any identity through big transactions unlike fiat when us e in transaction yes it is fast but if your transaction amount is big it is a big risk not only in your money possible in your life because they know you that you have that kind of amounts.

different between bitcoin and real money , i think if bitcoin can use all people in the world without convert to the money's country .. it's very simple
but i choice both

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.

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

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.