Difference between Bitcoin and real money? - page 121.

sakemias

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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?

i think because bitcoin like gold , very fit to invest and the increase huge price
now bitcoin being enthusiasts by onliner

ilovefeetsmell

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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?

I would suggest that it is better to convert your money into bitcoin because it will rise up the value sooner.

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

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?

Why would you convert? Just simply because of the dominant effect of bitcoin other than currencies like dollars. Dollars and Bitcoins do the same thing like paying goods and services. The basis here is the demand and supply between the two. Which is the better? which is the more portable? If you have a million of dollars, would you carry it anywhere only by your hands? ATM is not included in this scenario.

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Quote from: JL421 on February 20, 2017, 07:17:39 AM

Quote from: Orion25 on February 19, 2017, 03:01:40 PM

Quote from: Altas on February 19, 2017, 11:21:26 AM

Bitcoin is a online currency It can not be used for our daily usage . For our daily use we have to depend on our national currency. For online transactions we can use bitcoin because it is safest one for online transaction.

It is necessary to simultaneously use bitcoin and Fiat. Then we will have a maximum of advantages.

I don't think so it will have any advantage. I don't know where you live but till now the place I live there isn't any shop which accepts bitcoin as a payment method not even the online shopping sites accept bitcoin till now. I think it may happen in future but for now I use bitcoin for investment purpose only.

It is true that bitcoin is not accepted directly as payment method in many places at least not the ones that we need, but there are ways you could use bitcoin to shop online or to buy from the supermarket, like using bitcoin debit cards they are really simple and you can use it like any credit card anywhere and anytime.

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Quote from: BlockEye on February 22, 2017, 07:29:28 PM

Quote from: coin revolution on February 22, 2017, 07:23:18 PM

Quote from: Altas on February 18, 2017, 01:41:36 AM

Bitcoin can be used only for online marketing. It cannot be used for physical use. Still many countries use real money and many people don not know about online transaction. It is impassible to use bitcoin by the people those who do not know about online transaction. But real money is used by all kind of people.

People have not been using paper money for a long time. Now we buy everything online with credit card. Our salaries are based on my internet account.

Actually, we have not been using real money for a long time. Bitcoin is fully engaged here. We can buy everything we buy online with bitcoin.

There are also many shops that accept bitcoins in real life.

maybe in some countries it is not still that useful though for some who really into online shopping, online marketing and anything related in internet there is no more need in paper money, in our country there is still a need to cash out btc into real money.

yes i am agree with this especially for the country that don't have a good internet connection, they prefer to have money than bitcoin because with the fiat, they can buy everything they want and not confuse how to spend bitcoin in their offline life. if one by one there is offline store that accepting bitcoin, i am sure that the people will considering to use bitcoin and slowly they will not use fiat to buy something and finally fiat will be only in their wallet or in their bank account.

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Quote from: AmsterdamPimp on February 23, 2017, 12:27:55 PM

Quote from: Meliodasama on February 22, 2017, 08:50:23 PM

bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin

Yes and moreover bitcoins open gates for a ton of services and sites like I cannot gamble with my real money due to legal issues while with bitcoins I am gambling quite easily and my friends don't know sitting next to me that I won 50$ just now

Good for you nice 50 bucks for coffee break. But btc is more valuable then any fiat and always will be.
But in the we all exchange btc to fiat in end.

AmsterdamPimp

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Quote from: Meliodasama on February 22, 2017, 08:50:23 PM

bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin

Yes and moreover bitcoins open gates for a ton of services and sites like I cannot gamble with my real money due to legal issues while with bitcoins I am gambling quite easily and my friends don't know sitting next to me that I won 50$ just now

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Quote from: Rostadom on February 23, 2017, 10:42:02 AM

Quote from: Bitcoinsummoner on February 22, 2017, 01:36:38 PM

Quote from: JL421 on February 22, 2017, 12:47:43 PM

Quote from: BigBos on February 22, 2017, 08:43:01 AM

I think so much that distinguishes between real money and bitcoin. transactions using real money, I think is happening so fast, because it occurs directly. today, bitcoin transaction to be so slow. so, it is one difference.

That can be one difference but technically there are so many differences like the price of currency doesn't increase even if it increases it doesn't make any difference while bitcoins price keeps changing time to time.

Well that was a big difference money is stable one and bitcoin is keep changing in time to time..
But if there is no money bitcoin has no value.. so they are both important.. and we are getting benefits of the price increase of bitcoin while we are exchanging it into real money if the price is low again we can buy again using real money. so each of one has role and they are both important.

Eventually, we will not be depending on fiat money. 10k$ per coin is a clear indicator that a lot of people are already using bitcoins and merchants are starting to accept it. At that time, even when money has no value, bitcoin would still have value because the prices of items for sale will be based on bitcoins.

The Bitcoin value may go 0$, but fiat currency value never goes down. If you have bitcoin, you will calculate that value of your BTC in fiat currency. If the fiat currency not there how can you calculate the bitcoin value am I right. So Bitcoin has more value in the digital world and future anything can happen. Some other digital currency may replace this BTC. But no currency will replace fiat money.

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Quote from: gandame on February 20, 2017, 04:07:59 AM

If we compare bitcoin to real money its totally different because, bitcoin is a digital form of money which you can see through internet but cannot be touched. Unlike real money its a fiat currency type which could be touched and can be used hand in hand buying of goods, can be used in spending of different types of buying and selling, which circulates the economy of government to be legal monetary currency.

Then bitcoin is not really that different from fiat, most fiat cannot be touched and it is just a number in a screen in the computer of a bank or the government, bitcoin could in theory replace all of that money since it does not exist in physical form.

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Quote from: Bitcoinsummoner on February 22, 2017, 01:36:38 PM

Quote from: JL421 on February 22, 2017, 12:47:43 PM

Quote from: BigBos on February 22, 2017, 08:43:01 AM

I think so much that distinguishes between real money and bitcoin. transactions using real money, I think is happening so fast, because it occurs directly. today, bitcoin transaction to be so slow. so, it is one difference.

That can be one difference but technically there are so many differences like the price of currency doesn't increase even if it increases it doesn't make any difference while bitcoins price keeps changing time to time.

Well that was a big difference money is stable one and bitcoin is keep changing in time to time..
But if there is no money bitcoin has no value.. so they are both important.. and we are getting benefits of the price increase of bitcoin while we are exchanging it into real money if the price is low again we can buy again using real money. so each of one has role and they are both important.

Eventually, we will not be depending on fiat money. 10k$ per coin is a clear indicator that a lot of people are already using bitcoins and merchants are starting to accept it. At that time, even when money has no value, bitcoin would still have value because the prices of items for sale will be based on bitcoins.

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Quote from: Pattart on February 22, 2017, 10:19:32 PM

Quote from: agamasrori on February 22, 2017, 09:32:01 PM

Quote from: Meliodasama on February 22, 2017, 08:50:23 PM

bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin

Fixed value is not an advantage. Exchange money is still needed for real money(fiat) transactions. so bitcoin is more flexible to use than fiat. although the price of bitcoin now is not stable but still good for investment.

to issue real money can also be flexible. but for remote transactions. bitcoin certainly more favored than with real money. because digital money can be used wherever and for a great distance even

That is the most simple way to differentiate bitcoin to real money. You can spend your bitcoin wherever you are anytime. Unlike in real money there are ways to use it directly. You need to go to some banks to deposit and withdraw fiat which in bitcoin you can do that conveniently and easily. With bitcoin you have your own bank and you have the privacy to secure it well.

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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?

It is good that you want to know the bitcoin advantage .
But , first of all who said you to invest your money in bitcoin or to buy Bitcoin stocks .
Here I will suggest your to first understand Bitcoin throughout .
Herr Bitcoin and real money both are the same and can use both for same but privacy in bitcoin is more than in real .
No one can tax us in bitcoin and also no one can identify you through your payment account bank or adress .
So Herr we can say that it is totally the privacy for the use to use money online .
Here in bitcoin unlimited numbers of the ideas are avalaible to make earning with and without investment Cool

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Quote from: Pattart on February 22, 2017, 10:19:32 PM

Quote from: agamasrori on February 22, 2017, 09:32:01 PM

Quote from: Meliodasama on February 22, 2017, 08:50:23 PM

bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin

Fixed value is not an advantage. Exchange money is still needed for real money(fiat) transactions. so bitcoin is more flexible to use than fiat. although the price of bitcoin now is not stable but still good for investment.

to issue real money can also be flexible. but for remote transactions. bitcoin certainly more favored than with real money. because digital money can be used wherever and for a great distance even

That's not my understanding, what I have been witnessing now is big countries are more dominant in using bitcoin that in poor countries, in remote areas people does not have the full knowledge about bitcoin and they are not interested with the technology since they cannot adopt anyway.
Real money are use in poor countries poverty is a big problem so we cannot really expect there will be a rampant usage of bitcoin anywhere in the world.

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Quote from: agamasrori on February 22, 2017, 09:32:01 PM

Quote from: Meliodasama on February 22, 2017, 08:50:23 PM

bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin

Fixed value is not an advantage. Exchange money is still needed for real money(fiat) transactions. so bitcoin is more flexible to use than fiat. although the price of bitcoin now is not stable but still good for investment.

to issue real money can also be flexible. but for remote transactions. bitcoin certainly more favored than with real money. because digital money can be used wherever and for a great distance even

soul-impact

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Quote from: Taki on February 21, 2017, 04:50:50 PM

Quote from: supto005 on February 21, 2017, 10:09:08 AM

I have found Bitcoin few months back. Bitcoin is a currency. It's convert to real money.If we wanna use it like buy something real thinks then it's need to convert to real money. Here the main difference between bitcoin&real money.

I do not see difference between bitcoin and fiat (real money). The difference is just in that bitcoin is decentralized and bitcoin is still not accepted in everywhere like fiat. But bitcoin is spreading over the world and I have heard about some tryings of it's centralizing.

There are many differences between Bitcoin and Fiat and I doubt that fiat can be as great as Bitcoin. Bitcoin is created based on the algorithm and the decentralization while FIAT is created by the government and used to control the people. And the government can print as many cash as they want and it causes the big inflation. In contrast, we can only produce 21 million Bitcoin by mining and thanks to this feature, there is always the deflation in Bitcoin

agamasrori

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Quote from: Meliodasama on February 22, 2017, 08:50:23 PM

bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin

Fixed value is not an advantage. Exchange money is still needed for real money(fiat) transactions. so bitcoin is more flexible to use than fiat. although the price of bitcoin now is not stable but still good for investment.

NEWGOODOUBLE

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Quote from: BlockEye on February 22, 2017, 07:29:28 PM

Quote from: coin revolution on February 22, 2017, 07:23:18 PM

Quote from: Altas on February 18, 2017, 01:41:36 AM

Bitcoin can be used only for online marketing. It cannot be used for physical use. Still many countries use real money and many people don not know about online transaction. It is impassible to use bitcoin by the people those who do not know about online transaction. But real money is used by all kind of people.

People have not been using paper money for a long time. Now we buy everything online with credit card. Our salaries are based on my internet account.

Actually, we have not been using real money for a long time. Bitcoin is fully engaged here. We can buy everything we buy online with bitcoin.

There are also many shops that accept bitcoins in real life.

maybe in some countries it is not still that useful though for some who really into online shopping, online marketing and anything related in internet there is no more need in paper money, in our country there is still a need to cash out btc into real money.

let alone the future where technology will be more advanced of course paper money will be left behind. people will be more comfortable using digital money. cash or real money will be lost with digital money. bitcoin might also be more in the know

Meliodasama

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bitcoin is digital money , real money just have fixed value in their country
so its not profitable of all you turn your real money to bitcoin
even you know the management of your profitable from bitcoin

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Quote from: coin revolution on February 22, 2017, 07:23:18 PM

Quote from: Altas on February 18, 2017, 01:41:36 AM

Bitcoin can be used only for online marketing. It cannot be used for physical use. Still many countries use real money and many people don not know about online transaction. It is impassible to use bitcoin by the people those who do not know about online transaction. But real money is used by all kind of people.

People have not been using paper money for a long time. Now we buy everything online with credit card. Our salaries are based on my internet account.

Actually, we have not been using real money for a long time. Bitcoin is fully engaged here. We can buy everything we buy online with bitcoin.

There are also many shops that accept bitcoins in real life.

maybe in some countries it is not still that useful though for some who really into online shopping, online marketing and anything related in internet there is no more need in paper money, in our country there is still a need to cash out btc into real money.

coin revolution

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Quote from: Altas on February 18, 2017, 01:41:36 AM

Bitcoin can be used only for online marketing. It cannot be used for physical use. Still many countries use real money and many people don not know about online transaction. It is impassible to use bitcoin by the people those who do not know about online transaction. But real money is used by all kind of people.

People have not been using paper money for a long time. Now we buy everything online with credit card. Our salaries are based on my internet account.

Actually, we have not been using real money for a long time. Bitcoin is fully engaged here. We can buy everything we buy online with bitcoin.

There are also many shops that accept bitcoins in real life.

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Quote from: JL421 on February 22, 2017, 12:47:43 PM

Quote from: BigBos on February 22, 2017, 08:43:01 AM

I think so much that distinguishes between real money and bitcoin. transactions using real money, I think is happening so fast, because it occurs directly. today, bitcoin transaction to be so slow. so, it is one difference.

That can be one difference but technically there are so many differences like the price of currency doesn't increase even if it increases it doesn't make any difference while bitcoins price keeps changing time to time.

Well that was a big difference money is stable one and bitcoin is keep changing in time to time..
But if there is no money bitcoin has no value.. so they are both important.. and we are getting benefits of the price increase of bitcoin while we are exchanging it into real money if the price is low again we can buy again using real money. so each of one has role and they are both important.

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