Topic: Difference between Bitcoin and real money? - page 13. (Read 114867 times)
Bitcoin and the original money is different, Bitcoin is a digital money that its use is not set by the state. we are free to conduct transactions abroad, the use of Bitcoin very easy. Bitcoin's use over the Internet. with Bitcoin all so easy.
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?
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?
Well to date, if you bought bitcoins in 2016 with all the money you are willing to gamble in stocks or online gambling sites, then probablybyou're already a millionaire. In 2016 bitcoin is less than $1000 and now bitcoin 11,000. Guess you know now what bitcoin can bring you.
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?
For mr the difference in bitcoin and real money is the value of real money is stable but in bitcoin you wilk get more real money if you believe in bitcoin because the value is not stable so it means you will get more profit if you invest in a low price and then sell it when the price goed up.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 between bitcoin and real money, btc is so expensive and the price is changing anytime, we can use it on online transactions and we can send anywhere in the world. The price is so good and it has a high value and we can invest, compare to real money. The real money is we can buy anytime, but it has a small value only, and its price stay remain it will not rising.
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?
For mr the difference in bitcoin and real money is the value of real money is stable but in bitcoin you wilk get more real money if you believe in bitcoin because the value is not stable so it means you will get more profit if you invest in a low price and then sell it when the price goed up.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?
there so many different between fiat money and bitcoin. you mention above is right but every year government announce fiat money has inflation which make the value lower. its never going up but always goes down every year.
The main difference is that bitcoin is absolutely not stable, and this fact greatly affects the possibility of its introduction into economic systems.
Bitcoin is the online currency and still progressing through our future and it is decentralized that no one can control except to the owner. While in real money the government is involve, they are the one who’s controling the money and they balance the currency.
Bitcoin and all other coins which are there in the crypto world are advanced form of currency. There is a lot of difference in between bitcoin and real money. The most common difference among both of them is that bitcoin is an online or you can say digital currency and it does need an internet connection unlike that of real money. In addition to this, market value of bitcoin is increasing very much significantly.
Faint money(real money) is supplied the banks and as we know banks are ruling over us for more than 500 years. If you want to become a free man and spend whatever you like without restrictions or rules then switch to Bitcoin you will not only get fewer fees but also you will get many additional features like the anonymous transaction network and much more stuff which banks are not going to provide over 10 years, also Bank are using your money for their own benefits.
It is important that the difference between them is very dependent on each other. If there is not real money, what would we have measured the value of bitcoin?
Difference is regulation, real money is regulated by governments or central banks, they dictate the value of real money, while Bitcoin is free as far as I know of regulations from governments, value is drive by supply and demand.
There may be some factors, but the FIAT is driven by the supply and demand too. When the FIAT currency is in demand and that country is not printing more, then the economy is high and the fat will grow. It won't be in value if no one uses it anymore, the only difference is that BTC is purely has a stand-alone law, which is its value purely relies on the usage, unlike fiat that there are so many sectors that is involved and considered.
The differences of bitcoin and $ actually is a lot, but some of them are :
1. Bitcoin characteristic is independent directly from any government
2. The transaction of bitcoin is very transparent just like a cash book of a bank that so far just accessed by the accountant of that bank, but bitcoin
with blockchain technology is allowed to be accessed by anybody.....so the transparency is very high.
3. Bitcoin is allowed to be transacted by peer-to-peer, not via a bank which can shorten the procedure and bureaucracy, and of course the cost.
1. Bitcoin characteristic is independent directly from any government
2. The transaction of bitcoin is very transparent just like a cash book of a bank that so far just accessed by the accountant of that bank, but bitcoin
with blockchain technology is allowed to be accessed by anybody.....so the transparency is very high.
3. Bitcoin is allowed to be transacted by peer-to-peer, not via a bank which can shorten the procedure and bureaucracy, and of course the cost.
The transparency is very low when you don't know the addresses of people, that's why it is highly used in trading illegal goods, but when its applications will be used in government transactions and employees know the addresses, then it is much more transparent than any existing fiat.
I had a similar conversation with my young kids. I tried to explained to them the differences (I was unsuccessful by the way) but it boils down to digital money is the future. I don't know if Bitcoin will takeover fiat but fiat is outdated and something will replace it in the near future.
I think the difference between bitcoin and money is that bitcoin price is impermanent because it may change anytime in the market while the real money price is stable because it has its own value that will never change even it is low or high especially it is controlled by government.
i think no , because even real money like dollars do also fluctuates sometimes but not oftenly or highly volatile as bitcoin. they do increase and decrease in a smaller rate (e.g 50 cent and up ) . being controlled by government or banks does not mean their value can become stable. look at bitcoin , bitcoin has been adopt and recognize by banks and governments lately but why bitcoins value is still volatile? you know crptocurency is totally different from a reall currency as they are decentralize.
The difference if bitcoin into a real money is money can be directly buy into the market you can purchase your goods directly,whereas bitcoin is blockchain technology to become a well changer in industry.
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?
For mr the difference in bitcoin and real money is the value of real money is stable but in bitcoin you wilk get more real money if you believe in bitcoin because the value is not stable so it means you will get more profit if you invest in a low price and then sell it when the price goed up. 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 the difference between bitcoin and money is that bitcoin price is impermanent because it may change anytime in the market while the real money price is stable because it has its own value that will never change even it is low or high especially it is controlled by government.
Bitcoin is an appreciating asset. The world is moving towards a cashless society and I think there is a place for bitcoin in there. You could call it a gamble but it all depends on if you truly believe in the technology and understand its capabilities you wouldn't really consider it that much of a gamble
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?
All I can see is about the currency. Bitcoin price is volatile and variable. It may change time to time in the market. Money, price is stable. If you have a dollar, one dollar then that is it. Money is not changing, it may change but not that much in the value. However, bitcoin can. It can raise its value in just a few days. 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 virtual decentralized money everyone can access and more or less anonymous while to have real money we have to go through banks to invest or other
Real money you can use everywhere in the world. And every bank or organization and everybody should be accept real money. And it's control by every country central bank. But Bitcoin is totally different. Btc a virtual currency and you can't touch or see it. It's not controlled by any organization or government.
But you can use specific currency in specific area, but cannot use it everywhere, shopkeepers will never accept another country currency from you. while bitcoin is a universal currency which you can use anywhere in the world,. at least some shops are available everywhere in the world where you can use your bitcoin for shopping. Hope in future the number of such shops will continue increasing. Jump to: