Difference between Bitcoin and real money? - page 108.

Klima

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Quote from: Format.C^ on April 02, 2017, 11:30:30 PM

Quote from: Mvaporis1961 on April 02, 2017, 08:45:59 PM

Bitcoin - lower fees, you have your own bank, transactions is easier and faster, identity of the owner is anonymous, volatile value
Fiat - higher fees, you need some company to put your money on, transactions takes some time and requires some verification if you are owning a large amount, stable value

Yes and in fiat you cannot huge amount of money with you physically as there is always a chance of money getting stolen or getting robbed but with bitcoins you can carry any amount in your bitcoin wallet and no one would be aware about it.

And no one needs to explain why this money is in my account. And no one can ever freeze my bitcoins in my wallet.
When using fiat, I do not have such advantages

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Quote from: Mvaporis1961 on April 02, 2017, 08:45:59 PM

Bitcoin - lower fees, you have your own bank, transactions is easier and faster, identity of the owner is anonymous, volatile value
Fiat - higher fees, you need some company to put your money on, transactions takes some time and requires some verification if you are owning a large amount, stable value

Yes and in fiat you cannot huge amount of money with you physically as there is always a chance of money getting stolen or getting robbed but with bitcoins you can carry any amount in your bitcoin wallet and no one would be aware about it.

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Fiat
Buys less and less things over time (prices of things to buy go up)
Very high fees to send money across country lines
Costs atleast $20+ for a single (same-day settled) wire transfer
Can buy things quickly & conveniently
Can pay taxes
Can be mostly anonymous to do illegal activities
Is completely Regulated and controlled by governments

Bitcoin
Buys more goods/services over time (prices become cheaper as time goes on)
Minimal fees to send money to another country
Minimal fees for same-day settlement
Not convenient to use directly to buy things (however can be used indirectly for scaling options)
Cannot use to pay taxes directly to government
Is completely tracked and not very anonymous for illegal activities ; blockchain has immutable record
Cannot be regulated or controlled by governments

More suggested reading re: Bitcion:
"Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalksearch.org/topic/hacks-puppets-forks-how-to-destroy-bitcoin-1834310

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Quote from: Salazarian on April 02, 2017, 06:54:28 PM

Quote from: Oatmeal on April 02, 2017, 06:45:59 AM

The difference of bitcoin and real money, physically bitcoin is virtual currency. It doesn’t exist in the kind of physical form that the currency & coin we’re used to exist in. Bitcoin is something that people likes because you hold it by yourself and have better security some people also says that for you to escape from the bank. And lastly bitcoin has no value, only exchange value.

yes to me also there are so many difference between bitcoin and eal money but the main difference is that bitcoin is online digital currency fiat fiat is reay physical currency.

That's true but even bitcoin can be used as money not directly but by converting it to fiat and the most important difference is that value of bitcoin keeps on increasing according to the time where as the value of fiat remains the same.

Mvaporis1961

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Bitcoin - lower fees, you have your own bank, transactions is easier and faster, identity of the owner is anonymous, volatile value
Fiat - higher fees, you need some company to put your money on, transactions takes some time and requires some verification if you are owning a large amount, stable value

Salazarian

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Quote from: Oatmeal on April 02, 2017, 06:45:59 AM

The difference of bitcoin and real money, physically bitcoin is virtual currency. It doesn’t exist in the kind of physical form that the currency & coin we’re used to exist in. Bitcoin is something that people likes because you hold it by yourself and have better security some people also says that for you to escape from the bank. And lastly bitcoin has no value, only exchange value.

yes to me also there are so many difference between bitcoin and eal money but the main difference is that bitcoin is online digital currency fiat fiat is reay physical currency.

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But still most of the people prefer to use fiat more on buying. Popular local online shops are not accepting bitcoin yet. Fortunately we can use virtual cards with bitcoins on international online merchants but on local we need to convert it first to currency like dollar.

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Quote from: wahb on February 12, 2017, 03:04:21 PM

Quote from: 00hash01 on February 12, 2017, 03:12:36 AM

Even today I do not see much competition between Bitcoin and real money. Each of these currencies operates in its field. This is likely to governments and international financial institutions make problems.

yes that is right that both the two currencies have their own vales and they operate in their own field. like bitcoin is mostly use of online services and only in few places it can be use for buying stuff while USD is mostly use for buying and selling stuffs in real life and is mostly in local shops.

In fact, the dollar is being used for online shopping at a high price. Today we can shop with virtual card in all online shopping. In real life, we do not use paper money. We shop by credit card.

Bitcoin is used for digital shopping. But the greatest feature of Bitcoin is the ability to shop without brokers. We control our own money only by ourselves.

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Quote from: rivoke on February 06, 2017, 06:01:55 AM

Quote from: Michel de Montaigne on February 06, 2017, 05:59:35 AM

...

Bitcoin is more advantageous than other investment vehicles.
There are high ups and downs in BTC price during the day. You can profit from this price fluctuations if you can get in the right place and get out of the right place.
Price changes in other investment vehicles are not so much.

Bitcoin still consider as risky investment so IMO , the best investment still property and land.
Recently bitcoin become popular when it able reach $ 1500 that interest more people to invest bitcoin compare people to save their own local currency / money

First of all, bitcoin is still an experimental work. Like other investment instruments, there is time. It would be wrong to think of earning a short time. It is necessary to think long term as it is in other investment instruments. If you invest in the long term, it is possible to earn money with bitcoin.

grandy

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Quote from: chris200x9 on March 30, 2017, 04:53:36 AM

Quote from: Cherylstar86 on March 30, 2017, 03:12:42 AM

Real money compared to bitcoin has a very big difference because real money can be touch and can be hold physically, while bitcoin comes to a digit form stored in your online wallet account. You can only view your amount of btc balance using the web network you have and that stored btc can be appreciated once it was exchanged to fiat money cash, which will be used for spending also.

The Bitcoin have more value than real money, but the Bitcoin value will decide by real money only. if the real money not there then there is no Bitcoin. And real money can use by anywhere in the world without any restrictions, but you can not use Bitcoin like this. We have many conditions to use Bitcoin legally in all countries.

i think a lot of differences are there but the main difference is that bitcoin is a local fiat currency while bitcoin is a univesal, decentralized digital currency of the world

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They have a lot of differences. They can not be compared at all. Bitcoin has a lot of potential. And fiat is an outdated way of control.
Crypto currency should help people get rid of government control

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Quote from: Oatmeal on April 02, 2017, 06:45:59 AM

The difference of bitcoin and real money, physically bitcoin is virtual currency. It doesn’t exist in the kind of physical form that the currency & coin we’re used to exist in. Bitcoin is something that people likes because you hold it by yourself and have better security some people also says that for you to escape from the bank. And lastly bitcoin has no value, only exchange value.

I can agree with most of your points.
However, bitcoin have value, because you can buy different staff online and offline directly with bitcoin funds, you don't need to exchange bitcoin in some other currency.
We already have bitcoin debit cards, bitcoin ATM etc.
So, you can do many things with bitcoin, the same as with your local currency.
Of course, for merchants situation is different. They can't deposit bitcoin in the bank or pay taxes.

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Quote from: Oatmeal on April 02, 2017, 06:45:59 AM

The difference of bitcoin and real money, physically bitcoin is virtual currency. It doesn’t exist in the kind of physical form that the currency & coin we’re used to exist in. Bitcoin is something that people likes because you hold it by yourself and have better security some people also says that for you to escape from the bank. And lastly bitcoin has no value, only exchange value.

or can be decentralized bitcoin and if you use it you are free from the control and pressure from the government. That's what distinguishes bitcoin with real money

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Quote from: Oatmeal on April 02, 2017, 06:45:59 AM

The difference of bitcoin and real money, physically bitcoin is virtual currency. It doesn’t exist in the kind of physical form that the currency & coin we’re used to exist in. Bitcoin is something that people likes because you hold it by yourself and have better security some people also says that for you to escape from the bank. And lastly bitcoin has no value, only exchange value.

Bitcoin gives us a chance to invest while real money is solely for spending only, it's value does not know and in fact it's subject to inflation unllike bitcoin. For me, both are useful in our life but at this very moment I am really amaze by bitcoin and how this wonderful invention was created.
I have a faith in bitcoin and I believe if this will be supported by the government it will provide benefits to the masses in their online transactions.

Oatmeal

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The difference of bitcoin and real money, physically bitcoin is virtual currency. It doesn’t exist in the kind of physical form that the currency & coin we’re used to exist in. Bitcoin is something that people likes because you hold it by yourself and have better security some people also says that for you to escape from the bank. And lastly bitcoin has no value, only exchange value.

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Quote from: ekoice on April 02, 2017, 03:34:30 AM

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?

Using bitcoins,you transactions get processed quickly.You have lower fees for transactions when compared to banks or other exchanges.When you buy bitcoins,you can get good returns from it since its price is rapidly increasing.

Storing them is also easier. In bitcoin you have your own bank and only you have the access to it.

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Quote from: JITENDERPAR3 on September 10, 2016, 07:34:52 PM

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?

you are not totally right because you can convert your money in doller but you can not trade with doller because the price of doller not goes down and up sharply but in btc there is sharp and big down and fall and increaee in the rate day per day happened . so bitcoin provides us a way to get better way for trading .
and second thing is the no. of people wants to buy btc are more than the dollet buyer .

The idea of bitcoin as a currency has changed a long time ago when people started saving and keeping it for the price to go up, so we can’t really compare the dollar to the bitcoin anymore.

Because they both have different market and different values and even different people interested in them, in fact the people who use bitcoin to get dollar is because they have to because that is what used in the current world, we can really compare the bitcoin to gold right now but even that bitcoin is surpassing.

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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?

Using bitcoins,you transactions get processed quickly.You have lower fees for transactions when compared to banks or other exchanges.When you buy bitcoins,you can get good returns from it since its price is rapidly increasing.

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Quote from: alexsandria on April 01, 2017, 07:05:08 PM

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?

Bitcoin differ from fiat money/dollars since it is decentralize and it is a digital money which has no physical value in real money. It has less tax, which makes it better. It has a crypto currency exchange which engage in exchanging with crypto currency coins that is user based.

Both has different attributes in its features. The decentralization will make a uniqueness to the digitalization. Physical money has got paper form but bitcoin and digital coins have only the digital form. Tax evasion is possible through bitcoin, for the same several countries oppose it into their country.

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Quote from: azguard on March 17, 2017, 04:05:16 PM

Quote from: JL421 on March 16, 2017, 06:52:26 AM

Quote from: 21kevin21 on March 15, 2017, 04:40:57 PM

Quote from: carlerha on March 15, 2017, 08:48:58 AM

Quote from: dearbesz1219 on March 11, 2017, 10:29:14 AM

The difference between bitcoin and dollar or real money? bitcoin cannot be use physically in the public stores outlet, unless the merchant business owner is accepting bitcoin as payment but most of the realy money was often to used. and bitcoin was decentralized that's why many of the community like it so much due to none of the biggest bank and government don't have the power to control bitcoin unlike the real money like USD , EURO and others are centralized.

to me i think the only difference is that bitcoin is virtual currency, while bitcoin is fiat currency, but still in some places bitcoin can also be use as fiat currency where the number of bitcoin users are more.

Fiat is more stable than bitcoin, and to think only how traders need to adjust the prices for the goods so that bitcoin matches the price of the goods. This introduces some difficulties for businesses in retail stores.

I don't think this will actually be a problem because in future I'm totally sure it will be a cashless economy even though the price of bitcoin fluctuates maybe in future we will have a digital tv for each commodity where price changes according to the price of bitcoin.

It good point you said but it will take lot more time and effort for this. Good is that we seen and witness that price was higher then gold. This can be good starting point for future but for cashless economy it will take lot more to accomplish in not something that can be done over night.

In this case government need to be involved and bitcoin idea was to avoid them so they can control it. For cashless economy they need to get involved and that may be impossible for our lifetime maybe for our children maybe or for theirs.

It is obvious that for an economy to fully work on cashless society will take many years. As the older generations want the traditional method while the new generation want new technology and all the other cool stuffs. So once the generation shifts then government start a cashless economy. The only problem bitcoin won't be a part of it for sure but some other coins may be a part of it with better features other than just price.

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