Difference between Bitcoin and real money? - page 136.

megynacuna

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Quote from: millgates on January 25, 2017, 10:52:47 PM

Quote from: erickkyut on January 21, 2017, 06:13:06 AM

There are lots of differences between bitcoin and the real money. first, bitcoin is an online currency therefore, it has no physical money unlike the real money. Next , bitcoin is decentralized while the real money are being controlled by the government. Third, bitcoin can be use without any identification while in real money, they can identify you because they can your face when buying something. There are still lots of differences between bitcoin and the real money.

I agree, a lot of differences between bitcoin and real money. Paper money can easily rip, burn even counterfeited. For the most important is bitcoin price will rise but fiat price will fall because of inflation.

That's correct but I would also like to add that fiat can rise/increase in value against other fiats just like Bitcoin against Altcoins so fiat doesn't always devalue as a result of inflation but it can also gain value.

millgates

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Quote from: erickkyut on January 21, 2017, 06:13:06 AM

There are lots of differences between bitcoin and the real money. first, bitcoin is an online currency therefore, it has no physical money unlike the real money. Next , bitcoin is decentralized while the real money are being controlled by the government. Third, bitcoin can be use without any identification while in real money, they can identify you because they can your face when buying something. There are still lots of differences between bitcoin and the real money.

I agree, a lot of differences between bitcoin and real money. Paper money can easily rip, burn even counterfeited. For the most important is bitcoin price will rise but fiat price will fall because of inflation.

PokemonFun

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So bitcoin is online money on your online wallet.Bitcoin is also cryptocurrency coin what means that bitcoin price is changing really much in short amount of time.Bitcoin is good to buy because when you change $ for bitcoin you can keep your bitcoins in your bitcoin wallet to grow because bitcoin is more and more popular.Also when you send money with bitcoin transaction fee is smaller than western union or any other processor where real mone is in use.Bitcoin money also cant be discovered by your country because bitcoin is anonymously.Also in some countries when we earn bitcoins we dont need to pay fees to our country for that but for real money which we earn in like example paypal we must pay fee which is really high and decreasing our earnings a lot.Bitcoin transactions are also faster and you dont need to verify your account with private informations to send or receive money on your bitcoin wallet.

soul-impact

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Quote from: qiman on January 21, 2017, 09:24:01 AM

Bitcoin has many more uses and it is a transaction ledger as well as can be used as a currency, or stored as a store of wealth just like gold or silver. Bitcoin is easier to transport and transfer and cheaper als0o.

That's correct. Bitcoin is more useful than tradition FIAT in many ways. It can be used both as a type of investment and currency. People are easier to transfer their money oversea with Bitcoin and it is certain that Bitcoin is more secure than FIAT

qiman

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Bitcoin has many more uses and it is a transaction ledger as well as can be used as a currency, or stored as a store of wealth just like gold or silver. Bitcoin is easier to transport and transfer and cheaper als0o.

dhampir-D

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Quote from: ASHLIUSZ on January 21, 2017, 01:58:36 AM

Quote from: Finestream on January 21, 2017, 12:44:59 AM

Quote from: BigBos on January 20, 2017, 10:32:44 PM

the difference between bitcoin, and the real money is in place. bitcoin has no place in the real world, but it bitcoin also only have one form, that is digital. while the real money, has many forms, such as digital, paper money, and coins. and its use is so wide of the bitcoin.

No, you are wrong, real money can be in the form of paper money or digital money. Bitcoin is only a digital money and the government does not create nor regulate it. IMO, the aforementioned are the big difference, people chooses both as they have different advantage it can give to us. Bitcoin is anonymous, good for shady activities and fast online transaction and etc.

As mentioned bitcoin has only the digital form, but real money has digital form as well paper form. Usability depends upon the user. Importantly more countries have been making steps to digitalise their entire paper money.

The fact that fiat currency is a physical currency is seen as something positive for some people, but the truth is that this is an aspect that brings a number of problems, such as the extra expense to store it in banks and the ease with which this kind of money can be faked.
With regard to Bitcoin, there are ways to store it in physical forms, but this creates an additional cost. In addition, most people have a smartphone these days, making it easier to use the currency.

sabbirshm

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I think most common difference between real money and bitcoin is Real money can be use anywhere but We can't use bitcoin everywhere.Also I think bitcoin is more secure than real money.We can give many security to our bitcoin wallet.But Real money could be stolen in street.

Xester

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Quote from: erickkyut on January 21, 2017, 06:13:06 AM

There are lots of differences between bitcoin and the real money. first, bitcoin is an online currency therefore, it has no physical money unlike the real money. Next , bitcoin is decentralized while the real money are being controlled by the government. Third, bitcoin can be use without any identification while in real money, they can identify you because they can your face when buying something. There are still lots of differences between bitcoin and the real money.

Real money will going to have soon a digital counterpart and China will take the first step on September by launching its first prototype fiat digital currency. Soon real money will be no more only real digital currency. Cashless society will soon bloom. The only difference left between bitcoin and fiat currency in the future is the volatility, decentralization and government control.

bitllionaire

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Quote from: erickkyut on January 21, 2017, 06:13:06 AM

There are lots of differences between bitcoin and the real money. first, bitcoin is an online currency therefore, it has no physical money unlike the real money. Next , bitcoin is decentralized while the real money are being controlled by the government. Third, bitcoin can be use without any identification while in real money, they can identify you because they can your face when buying something. There are still lots of differences between bitcoin and the real money.

to me i think the main two differences between bitcoin and real money is that bitcoin is decentralize currency, not under the control of single person, group of people, organization or any state, while real money remain centralize and always under the control of governments. bitcoin has the same value in all over the world therefore one can use it anywhere without changing it into to local currency. while fiat currency have different values from place to place.

Rostadom

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Quote from: erickkyut on January 21, 2017, 06:13:06 AM

There are lots of differences between bitcoin and the real money. first, bitcoin is an online currency therefore, it has no physical money unlike the real money. Next , bitcoin is decentralized while the real money are being controlled by the government. Third, bitcoin can be use without any identification while in real money, they can identify you because they can your face when buying something. There are still lots of differences between bitcoin and the real money.

That's why you can even be more anonymous when you use paper money. You said you would have to go face-to-face with someone if you want to buy something. But what if you ask someone else to buy that particular product and then later on just give it to you. Then that means that you can use someone else's identity in real life. Anyway, it's not that much problem if you're not doing sketchy stuffs. Anonymity isn't that needed unless someone wants to go after you.

erickkyut

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There are lots of differences between bitcoin and the real money. first, bitcoin is an online currency therefore, it has no physical money unlike the real money. Next , bitcoin is decentralized while the real money are being controlled by the government. Third, bitcoin can be use without any identification while in real money, they can identify you because they can your face when buying something. There are still lots of differences between bitcoin and the real money.

ASHLIUSZ

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Quote from: Finestream on January 21, 2017, 12:44:59 AM

Quote from: BigBos on January 20, 2017, 10:32:44 PM

the difference between bitcoin, and the real money is in place. bitcoin has no place in the real world, but it bitcoin also only have one form, that is digital. while the real money, has many forms, such as digital, paper money, and coins. and its use is so wide of the bitcoin.

No, you are wrong, real money can be in the form of paper money or digital money. Bitcoin is only a digital money and the government does not create nor regulate it. IMO, the aforementioned are the big difference, people chooses both as they have different advantage it can give to us. Bitcoin is anonymous, good for shady activities and fast online transaction and etc.

As mentioned bitcoin has only the digital form, but real money has digital form as well paper form. Usability depends upon the user. Importantly more countries have been making steps to digitalise their entire paper money.

ReLieD

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There is no major difference between Bitcoin and real money.
Both are almost the same.
Bitcoin is a crypto currency , which is also like the normal currency.
As it can be converted into USD or any other currency.
But the only problem is that if you have stored your BTCBTC in a block chain wallet
and if it gets hacked , you will loose all your money and you cant do anything about that.
But if you store your real money in a bank or something and if that gets hacked , you have
every right to claim that back.
So on a high note , i fell this is only the difference.
There are small differences as well that dont really matter
Like bitcoin is a digital currency , you cant have notes of BTC.
And other currencies like USD , Rupees etc etc are both digital and paper currency.
Rest everything is the same i guess , despite some negligible or minor differences.

Finestream

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Quote from: BigBos on January 20, 2017, 10:32:44 PM

the difference between bitcoin, and the real money is in place. bitcoin has no place in the real world, but it bitcoin also only have one form, that is digital. while the real money, has many forms, such as digital, paper money, and coins. and its use is so wide of the bitcoin.

No, you are wrong, real money can be in the form of paper money or digital money. Bitcoin is only a digital money and the government does not create nor regulate it. IMO, the aforementioned are the big difference, people chooses both as they have different advantage it can give to us. Bitcoin is anonymous, good for shady activities and fast online transaction and etc.

Rishabh riyz

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The difference is that
Bitcoin ihas only one form ie digital while real money can be physical and digital
Bitcoin is decentralised so no one actually owns or controls it while the real money or fiats are governed by the government
Bitcoins can be transferred to anyone but it is not the same with fiats .

morgand

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Difference between Bitcoin and real money?
Bitcoin is not real money,you dont need to meet a person when you doing a transaction and you dont have any information about person you just sent, theres a chance you getting scammed in every transaction.
You can't take it back because its annonymous.
You dont know who is the person behind address that you just sending.
When do payment using real money, both of you need to share information so you can can reduce some chance that you getting scammed.

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Quote from: ether19 on January 07, 2017, 02:33:42 AM

Real money or Fiat cash is controlled and backed by Governments who issue it. Bitcoin is not controlled by anyone, it is set up using mathematics, code and algorithm and supported by miners who secure the network.

You can send BTC to anyone anywhere in the world in minutes, where as you cannot do this fiat cash as it takes time and lot of service charge.

For the end user point of view, Bitcoin has no taxes as compare to fiat where government charge Taxes on transactions through banks etc.
Also you can touch the physical currency in your hands and no can only see Bitcoins in wallet and cannot feel them.

staceyoh

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There's a lot of difference
between bitcoin and real
money.If you use bitcoin
there's a lot of benefits that
you will going to receive and
it makes transaction easier.

BigBos

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the difference between bitcoin, and the real money is in place. bitcoin has no place in the real world, but it bitcoin also only have one form, that is digital. while the real money, has many forms, such as digital, paper money, and coins. and its use is so wide of the bitcoin.

jeraldskie11

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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?

When you are investing using a real money there is no more processing to your money if you use it to buy. The bitcoin has many process to make you need to buy anything but the advantages of bitcoin why the business man use it because the price of bitcoin is increasing quickly. So if he convert real money into a bitcoin since last two years you could earn also that is the difference.

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