Difference between Bitcoin and real money? - page 11.

koyo12

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Global Risk Exchange - gref.io

Quote from: crst on September 10, 2016, 02:13:57 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?

The difference of real and bitcoin is you can literally hold the money unlike bitcoin its virtual money but its the same value in our life. Bitcoin you can spend online by using to buy things you like, paying bills just like real money. But bitcoin is so high demand to others.

Kaiwillliamjames003

newbie

Activity: 16

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Money will be accepted anywhere, its money. But its not really efficient, it can be stolen by a thief so easily in your pocket. Bitcoin cant be taken from you by theives.So this is the start and in future our names will write in history that we were the very early users of this currency.

zsfdsz

newbie

Activity: 44

Merit: 0

Quote from: anti76 on March 06, 2018, 08:31:40 PM

I think the difference between them is that the bitcoin is a Digital currency while the other is a Physical money, Bitcoin is decentralized while the other is centralized or the government is in control.

Bitcoin is a web-based virtual commodity, not a currency, that is essentially different from the digital currency that the central bank is studying. At present, the Bitcoin trading platform is often mistakenly identified as an exchange. In fact, the current Bitcoin trading platform does not have a corresponding financial license and can not be called an exchange.

anti76

sr. member

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I think the difference between them is that the bitcoin is a Digital currency while the other is a Physical money, Bitcoin is decentralized while the other is centralized or the government is in control.

dbstmddhks

sr. member

Activity: 523

Merit: 250

We can use bitcoin here in digital wolrd though we can exchange it into our currency. We can use bitcoin here if we have transaction in online. I guess there are things or website who accept bitcoin as a payment and thats quite a good thing and bitcoin is decentralized. While the real money is cotrol but the government and we can use that in a real world market.

Charloz24

hero member

Activity: 966

Merit: 501

I think the difference of bitcoin and real money is bitcoin is a cryptocurrrency coin and the real money is issued by the government in itself.Bitcoin cannot touch in real because bitcoin it is a coin or a money you can see in the coin wallet and bitcoin you can see if rise up or down value.Real money you can touch in real because government provided to us if you have work and you can get a real money for your compensation.

fotosonics

full member

Activity: 280

Merit: 100

With bitcoin, you have the chance of gaining profit from it when you invest in it. Whereas, in real.money once it's in your hands there is no chance of growth. Though, in money when you place it in a bank there may be some profit gain through its interest but it is significantly low compared to bitcoin.

farukahmed

jr. member

Activity: 1106

Merit: 1

It's pretty common question among peoples in general so far we can point out many differences, money exist and other other hand bitcoin has no physical existence as money. Other than we can use both currency in same purposes. There are more differences as making trade with money there's slightest risk always for losing it but with digital currency it's more secure and fast moving features than real money and above all real money is centralized but bitcoin is decentralized.

addeqt

member

Activity: 196

Merit: 30

The enormous contrast is that you dont need to physically hold bitcoin and you dont need to physically hand over bitcoin when you do installment exchange. While physical cash could break down and could be torn separated, bitcoin gets away from every one of those debasement. Be that as it may, the physical cash dont change its esteem 20% out of a day and is steady, while bitcoin cost is so unstable it could change its incentive in a flicker of an eye.

kaijang1808

newbie

Activity: 38

Merit: 0

bitcoin can easily buy online.but the real money was easily using in real life.

raidarksword

member

Activity: 2044

Merit: 16

Bitcoin is a decentralized digital currency which no government or banks can interfere. It is also as called virtual money because you cannot physically hold but you can convert it to fiat currency.
While fiat money is a legal currency or so called paper money which govern by the government and abide with decree of the law.

josephpogi

full member

Activity: 434

Merit: 168

Quote from: crst on September 10, 2016, 02:13:57 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 is a electronic codes encrypted on computers with reserved and significant values while real money is the tangible value in which we use to buy and exchange goods or products, Also the real money is backed up with gold reserved in a country while bitcoin's value do have an exact supply which its price ia depend on total demand and supply.

Tylerthomas12

newbie

Activity: 39

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It is just that money is convenient to use as per now, bitcoin is just good in using investment and trading.They will convert Bitcoin to local currency and use that money for their personal needs. And BTC transaction we can not track but real money transaction we can track.

sbjkfl

newbie

Activity: 15

Merit: 0

Quote from: shafi alam on March 05, 2018, 05:33:49 PM

Maybe some people told you that what is fiet currency.
you judge it from your sight as a gambler. its a online money transaction system with very low fee then bank.

Bitcoin is the currency. Put simply, bitcoin is an abstract digital currency, and because of its scarcity, bitcoin is also known as digital gold. No issuer "is the strength of bitcoin, but to traditional financial practitioners, the" no issuer "currency is worthless.

nsndasod

newbie

Activity: 61

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I think bitcoin can never become real money unless it is stable enough and real money is recognized by the state and the state can regulate it according to the economy.

Ralphson

newbie

Activity: 67

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Bitcoin runs on a decentralized system where transactions cant be altered.The total supply of bitcoins is also known unlike fiat where no one stands the chance to know the total printed money in circulation..and above all, bitcoin grows and increases more in value than fiat.It is also faster and easier to send and receive money across the globe

juiceannabel

newbie

Activity: 224

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bitcoin are digital currency, real money are physical currency.
this is the basic knowledge that everyone should know.
bitcoin doesn't have physical form like a real coin.

megynacuna

sr. member

Activity: 756

Merit: 253

I would say bitcoin is virtual and can be spent online only whereas real money is rweal and can be physically handled and used to perform transactions. There is no counterfeit bitcoin and so it cannot be double spent but there can be countless different notes with the same serial number and coins of fiat currencies and these can be spent all together. Bitcoin is not limited by jurisdiction or any central authority but fiats are always controlled by a central bank.

shafi alam

full member

Activity: 630

Merit: 100

Maybe some people told you that what is fiet currency.
you judge it from your sight as a gambler. its a online money transaction system with very low fee then bank.

AnnaGeraMsk

jr. member

Activity: 280

Merit: 2

Bitcoin in the limit of only 21 million, while 5 million have already been lost without a return, so it is limited, and the finate money is printed by each state without a stop and by desiring thereby de-rating them !!!

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