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Topic: Difference between Bitcoin and real money? - page 130. (Read 114883 times)

sr. member
Activity: 294
Merit: 250
February 06, 2017, 10:40:10 AM
Bitcoin is a relatively new form of currency that is just beginning to gain mass circulation, but many people still do not understand why they understand and start to use it. Despite all the advantages of colour printing technology in the home, most governments are quite sceptical of that you will be producing your own money. In the case of bitcoin, on the contrary, it is encouraged. Of course, you can purchase bitcoins on the open market, but you can also "mine" the coins, if your computer has enough power. After you pay off the initial expenses for electricity and equipment, you can simply leave the device on and has to watch the process of mining. And as you may not like it, what is your computer make money while you sleep?
hero member
Activity: 882
Merit: 500
February 06, 2017, 10:21:46 AM
I'm more suited bitcoin, just because I do not have control over the state. Authorities are cashing in on people, without thinking about our welfar...

Me too like bitcoin over real money as it have income tax and other barriers and its irttating to transact money in internatioanal. but with bitcoin there is no such condition. world measna only only counrty for bitcoin and whenever and whereevr we send money throgh bitcoin we pay the same fees so regardless of distace it cuts same fees and also as compared to real money banking bitcoin is faster for international transctions.
hero member
Activity: 2856
Merit: 618
Leading Crypto Sports Betting & Casino Platform
February 06, 2017, 10:18:41 AM
difference bitcoin has advantages in terms of its value increasingly rising,in contrast to real money drop price bitcoin more desirable because stable prices but bitcoin has a great risk of losing rather than real money dependent people who have a need bitcoin or real money,choose a digital money or real money is the same because all for payment transactions.

Yeah, both have their own differences, its advantages and disadvantages, but we can see that it is much more advantage in bitcoin than fiat, especially the price but the risk is totally high on bitcoin. Bitcoin has more features ofcourse.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
February 06, 2017, 10:06:41 AM
I use Bitcoins because I don't have to put it in a bank because my Bitcoin wallet is my own bank. Bitcoins are more secure and the payment is not reversible so no chargebacks on online payments.

Instead on saving on bitcoin wallet, you can invest it. If you want fast money go invest it, but if you only want slow money earnings, wait for the bitcoin value to go high. Instead of waiting for the bitcoin value to go high, just go with it to invest it. If you are investing large amount of money, you can earn faster and faster

I agree that Bitcoin is your own bank and you don't have to worry about your money being handled by a stranger. For the investing part, I would like to try some investments that could yield a good profit. Since not all investments are good, there would probably be a negative one where it can fail (hopefully it won't). Just try to diversify it.
sr. member
Activity: 462
Merit: 250
Arianee:Smart-link Connecting Owners,Assets,Brands
February 06, 2017, 08:23:27 AM
I use Bitcoins because I don't have to put it in a bank because my Bitcoin wallet is my own bank. Bitcoins are more secure and the payment is not reversible so no chargebacks on online payments.

Instead on saving on bitcoin wallet, you can invest it. If you want fast money go invest it, but if you only want slow money earnings, wait for the bitcoin value to go high. Instead of waiting for the bitcoin value to go high, just go with it to invest it. If you are investing large amount of money, you can earn faster and faster
legendary
Activity: 1092
Merit: 1000
February 06, 2017, 07:43:06 AM
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 first point is acceptable if you have real currency then no need to convert that into Bitcoins. You can invest directly through $. But if you want to invest in any casino sites you need to convert BTC to $ they will accept digital currency and why you need to invest only BTC means the price is very high and in future, it cross 1500$ per BTC you will get good profit. Second point if we do online gambling with $ you need to pay through credit/Debit cards all transaction will be track, so if gambling is illegal in your country you will get problems from your IT department.
sr. member
Activity: 294
Merit: 250
February 06, 2017, 06:23:54 AM
I use Bitcoins because I don't have to put it in a bank because my Bitcoin wallet is my own bank. Bitcoins are more secure and the payment is not reversible so no chargebacks on online payments.
legendary
Activity: 924
Merit: 1006
February 06, 2017, 06:01:55 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
member
Activity: 93
Merit: 10
February 06, 2017, 05:59:35 AM
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 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.
member
Activity: 98
Merit: 10
February 06, 2017, 05:42:57 AM
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?


Well for me, the difference between bitcoin into real money is that bitcoin is quite risky since the price is not stable (increasingly, decrease) but bitcoin is more advantage from real money since you can use it in many ways (e.g., buying through online, paying bills). Since now and then, users would more used and adopt bitcoin because it will be like a real money or the future money in the next future, easy and convenient to use, safer than real money
Yes, I agree with you.
I think the difference between bitcoin and the real money, is that bitcoin price always changing, Maybe increase or decrease as you said. But i think bitcoin is more important than currency in the long duration. because now, if you buy bitcoin, you can probably get a good profit in the near future as we saw that bitcoin price increase slowly nowdays. so the differance is here.

exactly, to users in bitcoin well they would prefer to say that bitcoin is more important than real money but what if a person didn't know about bitcoin? well they also prefer to say that real money is more important than any other cryptocurrency. Both of it is important but it depends to every person where they choose between to it
hero member
Activity: 3038
Merit: 634
February 06, 2017, 01:31:29 AM
I'm more suited bitcoin, just because I do not have control over the state. Authorities are cashing in on people, without thinking about our welfar...

With me, I prefer to use both because it's better if I'm going to use bitcoin in virtual shopping and real money for the things that I need in real life.

And that's the difference of it, bitcoin can be used for online shopping while we can't use it directly because the shops that do accept it are still few.
hero member
Activity: 896
Merit: 500
February 06, 2017, 12:15:58 AM
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's simple bitcoins value increases dramatically every day . If you know more on bitcoin you'll will never think twice to invest on it . Here in forum you can learn more on bitcoin, such as things like wallet,transaction,signature campaign, trading or investing. If you have wallet like coin.ph you can do more out of bitcoin .And so far the value of bitcoin is increasing so it's the best time to invest in Bitcoin than real money.
The people are still very less knowledge about this cryptocurrency (Bitcoin).
Whereas investment with bitcoin is the best long term investment for now.
In contrast with real money that is not good for investment.
hero member
Activity: 826
Merit: 501
February 05, 2017, 07:31:26 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's simple bitcoins value increases dramatically every day . If you know more on bitcoin you'll will never think twice to invest on it . Here in forum you can learn more on bitcoin, such as things like wallet,transaction,signature campaign, trading or investing. If you have wallet like coin.ph you can do more out of bitcoin .And so far the value of bitcoin is increasing so it's the best time to invest in Bitcoin than real money.
member
Activity: 135
Merit: 14
February 05, 2017, 07:13:18 PM
I'm more suited bitcoin, just because I do not have control over the state. Authorities are cashing in on people, without thinking about our welfar...
hero member
Activity: 798
Merit: 501
February 05, 2017, 01:57:45 PM
difference bitcoin has advantages in terms of its value increasingly rising,in contrast to real money drop price bitcoin more desirable because stable prices but bitcoin has a great risk of losing rather than real money dependent people who have a need bitcoin or real money,choose a digital money or real money is the same because all for payment transactions.

The things mentioned above are characteristic of Bitcoin and real money. But just tell me one thing, Is bitcoin not real money ?
Bitcoin is a real money in itself and is not a fake money  Wink  The Question should be different between Bitcoin and local money ?  
from real money here he OP means the physical and the virtual money. in fact there is no physical existence of bitcoin and we use it as digital currency therefore he is not using  the term real money for it, otherwise every one is accepting the fact that bitcoin is also a real money and not a fake one.
legendary
Activity: 1456
Merit: 1005
February 05, 2017, 12:27:35 PM
difference bitcoin has advantages in terms of its value increasingly rising,in contrast to real money drop price bitcoin more desirable because stable prices but bitcoin has a great risk of losing rather than real money dependent people who have a need bitcoin or real money,choose a digital money or real money is the same because all for payment transactions.

The things mentioned above are characteristic of Bitcoin and real money. But just tell me one thing, Is bitcoin not real money ?
Bitcoin is a real money in itself and is not a fake money  Wink  The Question should be different between Bitcoin and local money ? 
Bitcoin is digital currency we can use it for only online transaction. But real money you can use it for both online and offline transaction. The physical money has more value than Bitcoin. Many people don't have access to use bitcoin directly in the real world. 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.
legendary
Activity: 3542
Merit: 1352
February 05, 2017, 11:16:35 AM
Decentralization and regulations, mainly. You could still use both for transactions and exchanges and such, but the former doesn't have something to control nor change how it should be delivered to the masses. Also, bitcoin is as open as it can get whereas fiat? Shady transactions happening behind the eyes of the people.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
February 05, 2017, 11:10:32 AM
difference bitcoin has advantages in terms of its value increasingly rising,in contrast to real money drop price bitcoin more desirable because stable prices but bitcoin has a great risk of losing rather than real money dependent people who have a need bitcoin or real money,choose a digital money or real money is the same because all for payment transactions.

The things mentioned above are characteristic of Bitcoin and real money. But just tell me one thing, Is bitcoin not real money ?
Bitcoin is a real money in itself and is not a fake money  Wink  The Question should be different between Bitcoin and local money ?  
legendary
Activity: 3374
Merit: 1824
February 05, 2017, 10:58:13 AM
Bitcoin is digital and cryptographic, so theoretically it is safer than fiat, aka real money, no matter it is paper or digital, fiat is an inflationary currency, bank prints new money to the circulation, so the fiat money keeps devaluation. In the contrary, bitcoin is deflationary, so its value keeps increase in recent years.
Although bitcoin safer than fiat money, bitcoin is still not accepted by the wider community,
in contrast to fiat money, which had long been so public confidence. and that's the difference
between bitcoin and real money, about the confidence of the community.

OK, you are right here, confidence of community (or public) is the most important thing for any new product.
If public can't accept some new product or service, it will fail.
We are still not mainstream, but more and more people every day using bitcoin, more merchants accepting bitcoin payments, more btc ATM's, btc debit cards etc.
I really feel that we are close to become mainstream.
In fact, bitcoin have everything people wants today: anonymity, security and no government control.
hero member
Activity: 896
Merit: 500
February 05, 2017, 10:35:13 AM
Bitcoin is digital and cryptographic, so theoretically it is safer than fiat, aka real money, no matter it is paper or digital, fiat is an inflationary currency, bank prints new money to the circulation, so the fiat money keeps devaluation. In the contrary, bitcoin is deflationary, so its value keeps increase in recent years.
Although bitcoin safer than fiat money, bitcoin is still not accepted by the wider community,
in contrast to fiat money, which had long been so public confidence. and that's the difference
between bitcoin and real money, about the confidence of the community.
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