Difference between Bitcoin and real money? - page 128.

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Quote from: mkmdoc on February 12, 2017, 06:31:52 AM

Quote from: 00hash01 on February 12, 2017, 04:12:36 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.

According to currency they are different but operating differently. Fiat is being controlled by the government and where as bitcoin is not controlled by the government. According to technology we have to adopt because many government are willing to support bitcoin technology but how far it goes we have to wait and see.

Yeah. Bitcoins was not yet controlled by the government. Because of that, we don't pay taxes from them. On the other side, when we are scammed, the government will not be responsible for the refund of your money. But I think they will regulate it soon and very soon.

Bitcoin and fiat differs as bitcoin can be easily sent online with less fees while fiat, you need to go to remittance center to send money and it will cost much.

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Quote from: 00hash01 on February 12, 2017, 04:12:36 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.

According to currency they are different but operating differently. Fiat is being controlled by the government and where as bitcoin is not controlled by the government. According to technology we have to adopt because many government are willing to support bitcoin technology but how far it goes we have to wait and see.

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Quote from: Zadicar on February 12, 2017, 03:26:52 AM

Quote from: ASHLIUSZ on February 12, 2017, 03:17:13 AM

Quote from: whizter on February 08, 2017, 05:24:26 PM

Quote from: rindo on February 08, 2017, 11:13:17 AM

in my opinion
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 like example 1 $ it still counting as 1 $ its different with bitcoin which usually change according by the time as u see in every time there might a change of the price for 1 bitcoin
and another of that real money already accept by the local people it might the local people whose dont know about bitcoin will not accept as the trading things
thank you

but i think it also happen in fiat some time the price of fiat fell down as compare to other fiat currency. and it is also true that 1 dollar is will remain 1 dollar and similarly 1 bitcoin will remain one bitcoin but its value changed from bitcoin to bitcoiin.

Fiat won't fall similar to bitcoin. Fall in value of fiat happens at times of demonetization or other internal market crisis. Same never occurs with bitcoin, it only varies in accordance to time. The fluctuation makes it worthier and better than fiat.

Fiat wont really fall since it do have been used by people on how many years and been backed by government which we could say that fiat is stable and wont decrease its value no matter what unlike on bitcoin which we know the value is really volatile.

And some of the countries of their national currency, too, just not stable like bitcoin. Yet the real currency is more important for each person, even in those countries. Daily life requires the presence of Fiat and bitcoin only possibility and no more.

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Quote from: poetra2501 on February 12, 2017, 04:48:06 AM

Quote from: Seccerius on February 12, 2017, 02:59:16 AM

Quote from: Kaznachej123 on February 09, 2017, 03:57:54 AM

Actually Difference between Bitcoin and real Monya in two words can not describe, because the people who are interested in Bitcoin need to re-read a few articles and a minumum watch two films about bitkoit of the film is very easy to understand information! Wink

If we take only the essence of this question, we can say unequivocally that today bitcoin is not as demanded as real money. Almost all of humanity uses it of paper currency or by them in digital format.

Until now I look that bitcoin has still not be called currency, but just as valuable items like a gold.
Because, bitcoin is still not accepted as official currency in Government. Bitcoin is still as a business for Bitcoin lover.

The fact of the matter is that bitcoin as gold valuable commodity and not currency. Money is the real currency and earn or multiply via bitcoin.

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Quote from: Seccerius on February 12, 2017, 02:59:16 AM

Quote from: Kaznachej123 on February 09, 2017, 03:57:54 AM

Actually Difference between Bitcoin and real Monya in two words can not describe, because the people who are interested in Bitcoin need to re-read a few articles and a minumum watch two films about bitkoit of the film is very easy to understand information! Wink

If we take only the essence of this question, we can say unequivocally that today bitcoin is not as demanded as real money. Almost all of humanity uses it of paper currency or by them in digital format.

Until now I look that bitcoin has still not be called currency, but just as valuable items like a gold.
Because, bitcoin is still not accepted as official currency in Government. Bitcoin is still as a business for Bitcoin lover.

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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.

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Quote from: JITENDERPAR3 on September 10, 2016, 08:34:52 PM

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?

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 .

Simply use bitcoin for its value is grater than dollar value. Follow decreasing its value while bitcoin increasing. In bitcoin we can easily to investment and depositing in different areas. Transactions were faster than the natural money sending using our fiat. I find bitcoin more beneficial in terms of transaction services than the normal transactions which needs energy and efforts.

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Quote from: ASHLIUSZ on February 12, 2017, 03:17:13 AM

Quote from: whizter on February 08, 2017, 05:24:26 PM

Quote from: rindo on February 08, 2017, 11:13:17 AM

in my opinion
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 like example 1 $ it still counting as 1 $ its different with bitcoin which usually change according by the time as u see in every time there might a change of the price for 1 bitcoin
and another of that real money already accept by the local people it might the local people whose dont know about bitcoin will not accept as the trading things
thank you

but i think it also happen in fiat some time the price of fiat fell down as compare to other fiat currency. and it is also true that 1 dollar is will remain 1 dollar and similarly 1 bitcoin will remain one bitcoin but its value changed from bitcoin to bitcoiin.

Fiat won't fall similar to bitcoin. Fall in value of fiat happens at times of demonetization or other internal market crisis. Same never occurs with bitcoin, it only varies in accordance to time. The fluctuation makes it worthier and better than fiat.

Fiat wont really fall since it do have been used by people on how many years and been backed by government which we could say that fiat is stable and wont decrease its value no matter what unlike on bitcoin which we know the value is really volatile.

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Quote from: whizter on February 08, 2017, 05:24:26 PM

Quote from: rindo on February 08, 2017, 11:13:17 AM

in my opinion
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 like example 1 $ it still counting as 1 $ its different with bitcoin which usually change according by the time as u see in every time there might a change of the price for 1 bitcoin
and another of that real money already accept by the local people it might the local people whose dont know about bitcoin will not accept as the trading things
thank you

but i think it also happen in fiat some time the price of fiat fell down as compare to other fiat currency. and it is also true that 1 dollar is will remain 1 dollar and similarly 1 bitcoin will remain one bitcoin but its value changed from bitcoin to bitcoiin.

Fiat won't fall similar to bitcoin. Fall in value of fiat happens at times of demonetization or other internal market crisis. Same never occurs with bitcoin, it only varies in accordance to time. The fluctuation makes it worthier and better than fiat.

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Quote from: rindo on February 08, 2017, 11:13:17 AM

in my opinion
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 like example 1 $ it still counting as 1 $ its different with bitcoin which usually change according by the time as u see in every time there might a change of the price for 1 bitcoin
and another of that real money already accept by the local people it might the local people whose dont know about bitcoin will not accept as the trading things
thank you

this doesn't make sense, 1 btc is always 1 btc, it's priced in usd to have a reference and to trade it, bitcoin is fungible, you can argue that it isn't because there are confiscated coins which may have a lower value on the market

there isn't such thing as "real money" everything that can be exchange for something else has a value, and it's value it decided by us if decentralized

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Quote from: Kaznachej123 on February 09, 2017, 03:57:54 AM

Actually Difference between Bitcoin and real Monya in two words can not describe, because the people who are interested in Bitcoin need to re-read a few articles and a minumum watch two films about bitkoit of the film is very easy to understand information! Wink

If we take only the essence of this question, we can say unequivocally that today bitcoin is not as demanded as real money. Almost all of humanity uses it of paper currency or by them in digital format.

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Actually Difference between Bitcoin and real Monya in two words can not describe, because the people who are interested in Bitcoin need to re-read a few articles and a minumum watch two films about bitkoit of the film is very easy to understand information! Wink

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Quote from: rindo on February 08, 2017, 11:13:17 AM

in my opinion
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 like example 1 $ it still counting as 1 $ its different with bitcoin which usually change according by the time as u see in every time there might a change of the price for 1 bitcoin
and another of that real money already accept by the local people it might the local people whose dont know about bitcoin will not accept as the trading things
thank you

Lets put it this way,no government will approve bitcoin to be used in their economy but the local business can accept bitcoin and if there are many people wanting to spend through bitcoin then it is a different story.Start considering it as a different currency like rest of the different fiat currencies we have and to set it straight bitcoin is real money.

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Quote from: rindo on February 08, 2017, 11:13:17 AM

in my opinion
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 like example 1 $ it still counting as 1 $ its different with bitcoin which usually change according by the time as u see in every time there might a change of the price for 1 bitcoin
and another of that real money already accept by the local people it might the local people whose dont know about bitcoin will not accept as the trading things
thank you

but i think it also happen in fiat some time the price of fiat fell down as compare to other fiat currency. and it is also true that 1 dollar is will remain 1 dollar and similarly 1 bitcoin will remain one bitcoin but its value changed from bitcoin to bitcoiin.

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Quote from: rindo on February 08, 2017, 11:13:17 AM

in my opinion
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 like example 1 $ it still counting as 1 $ its different with bitcoin which usually change according by the time as u see in every time there might a change of the price for 1 bitcoin
and another of that real money already accept by the local people it might the local people whose don't know about bitcoin will not accept as the trading things
thank you

The dollar value also change, according to you 1$ counting as 1$ I agree, then what about 1 BTC will you count 1BTC is equal to a number of BTC or 1BTC. If you call 1$ is counting as 1$, then 1BTC also counting as 1BTC only. 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.

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Quote from: MFahad on February 08, 2017, 03:16:04 AM

Quote from: Doms on February 08, 2017, 02:49:34 AM

Some countries do not recognize bitcoin as currency yet, so that’s a big difference right there, right away. There are still debates as to whether it is to be considered a currency or property. While in Japan, it is a virtual currency but not yet considered as a currency that can be used for local purchases.

I am hearing first time that some people think bitcoin as a property. Grin

Property is a physical thing which has existence on earth. How bitcoin can be a property?

You got it all wrong mate

Or someone has terribly misinformed you. Property in a legal sense (which is what typically meant in such or similar discussions) refers first of all to property rights, i.e. your position toward some object (it doesn't matter if it should really exist, e.g. Bitcoin) regarding what you can do with it (e.g. sell it or use it). As you can easily see (at least, I hope for that), physical existence or real "objective" presence is irrelevant to this, basically since you can claim ownership of both tangible and intangible assets. That's why Bitcoin can also be considered as property, i.e. an object of property rights, more specifically

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in my opinion
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 like example 1 $ it still counting as 1 $ its different with bitcoin which usually change according by the time as u see in every time there might a change of the price for 1 bitcoin
and another of that real money already accept by the local people it might the local people whose dont know about bitcoin will not accept as the trading things
thank you

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Difference between Bitcoin and real money can be seen in a new movie-2017 about Bitcoin: "Bitcoin trust Bitcoin and Blockchain"! Very informative and interesting! See, you can film: https://youtu.be/Axv5RLIwy2I Russian-speaking people!

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Quote from: rivoke on February 06, 2017, 07:01:55 AM

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

The risk is for every investment vehicle. Real estate is at risk for investment. The biggest advantage of Bitcoin is price fluctuations. There is a price change of at least $ 5 within a day. If we can use this price change correctly, we will make money.

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Quote from: Mr.grin on February 08, 2017, 05:48:27 AM

Quote from: markyminer on February 08, 2017, 05:37:59 AM

Quote from: iqlimasyadiqa on September 10, 2016, 07:20:40 PM

The most fundamental difference of bitcoin and real money is its shape. real money in the form.
while bitcoin have a digital system that is not visible. but both have in common is both used as currency.
both have a value that can be used for life.

although there are so many other reasons which cause the difference between bitcoin and real money. i think the main difference between the two currencies is that bitcoin is digital currency while fiat is physical currency, bitcoin is decentralize not in control of any person. while fiat is centralize and under control of each governments. bitcoin has the same value everywhere while fiat value different from place to place.

true, the most important difference is that bitcoin is in the digital world and used internationally, while the real money, or fiat, can only be used with a maximum in a country. Another distinguishing thing is, bitcoin is very easy to get on the internet, simply by utilizing the faucet, we can produce bitcoin. while the real money, requires no special skills or a significant sacrifice to get it.

So basically what you're trying to say by that is that both bitcoin and real money don't require any special skill or significant sacrifice? I don't see doing faucets as requiring a special skill.

Quote from: Doms on February 08, 2017, 02:49:34 AM

Some countries do not recognize bitcoin as currency yet, so that’s a big difference right there, right away. There are still debates as to whether it is to be considered a currency or property. While in Japan, it is a virtual currency but not yet considered as a currency that can be used for local purchases.

It will be, in two months. It has always been a virtual currency all over the world and it is not yet considered as currency that can be used for local purchases most places in the world so I don't know why did you pick Japan specifically. I guess it's because you read somewhere that Japan is about to make it a legal way to pay for purchases.

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