Difference between Bitcoin and real money? - page 138.

iwandhdumas2003

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Quote from: SHAWN-MIDWAYS on December 30, 2016, 10:23:08 PM

The first difference between the two is Real money hardly gains value as compared to bitcoin which has growing potential everyday{*900}
.
Secondly the obvious money has a physical form and is controlled by a government while bitcoin on the other hand is decentralised and exists in a digital form.

Yeah and I see bitcoins is superior to fiat or real money in all ways except the fact that bitcoins are not accepted worldwide yet. The day when BTC starts getting accepted worldwide we would see a total dominance of BTC over cash.

carlerha

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Quote from: marcoman22 on December 31, 2016, 10:15:47 AM

Bitcoin is digital currency and transaction fees is very low when compared to real money. Transaction in bitcoin is faster than in fiat even from abroad countries. Investment in bitcoin increases gradually and investment in fiat currency mostly remains the same.

yes bitcoin is digital currency while fiat is paper money, bitcoin us used for both local as we as for online trading while fiat can only be used for shopping in local shops. in fact bitcoin is the currency of the future.

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Over the years to come it seems hard to differentiate the real money from the digital currency. The reason is that, more countries were planning to give their paper currency a digital form. This initiation is a part of digitalization, which will take lot time to be successful. Finally the decentralization alone seperates the real from the true digital currency.

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Quote from: BigBos on December 31, 2016, 10:21:32 AM

a large difference between real money with bitcoin is, with real money, you can exchange freely in the country that you live in, even very easy to use it anywhere, as long as it's still country. but you can not use bitcoin freely, because not all people accept bitcoin, and bitcoin not everyone knows.

Yeah as of now bitcoin is not popular if you are going to ask your neighbor about it for sure he will just take a nod and go away from you. Also it is a difference that bitcoin can be just converted into real money if you are going to use exchange sites in your country and without the use of it, it is going to be a hard thing to spend it.

BigBos

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a large difference between real money with bitcoin is, with real money, you can exchange freely in the country that you live in, even very easy to use it anywhere, as long as it's still country. but you can not use bitcoin freely, because not all people accept bitcoin, and bitcoin not everyone knows.

marcoman22

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Bitcoin is digital currency and transaction fees is very low when compared to real money. Transaction in bitcoin is faster than in fiat even from abroad countries. Investment in bitcoin increases gradually and investment in fiat currency mostly remains the same.

BigBoom3599

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Quote from: Md Saad on December 31, 2016, 09:08:48 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?

Looks like you haven't learned much about bitcoin Cheesy

you may want to read the whitepaper https://bitcoin.org/bitcoin.pdf. Basically bitcoin is a decentralized currency with a limited supply and it's cheap and easy to send it all around the world.

Md Saad

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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?

Xester

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I already have commented on this post, I dont know when was and on what page but after some months of experience I will sum up my opinion on the difference between bitcoin and real money.

1. Virtual aspects
Bitcoin is virtual currency while fiat is a note. Later possibly when China implements its first fiat virtual currency this difference will be nulled.

2. Supply
Bitcoin has only 21 million plus coins in circulation while fiat goes over to thrillions per nation

3. Boundaries
Bitcoin can be used throughout the world without any political boundaries, any race and any nation can use bitcoin. Real money is limited and bounded by the nation that issues it

4. Centrality
Bitcoin has no center while fiat is centered on the central banks

5. Many more......
There are more differences but I select this four here as a major difference between the two.

guoyu78

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we can use bitcoin in everywhere in the world and bitcoin is acceptable in any corner of the world and we can use bitcoin for online shopping easily and bitcoin in our control and real money can control their government.

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Quote from: SHAWN-MIDWAYS on December 30, 2016, 10:23:08 PM

The first difference between the two is Real money hardly gains value as compared to bitcoin which has growing potential everyday{*900}
.
Secondly the obvious money has a physical form and is controlled by a government while bitcoin on the other hand is decentralised and exists in a digital form.

I agree with you . bitcoin price movement has potentially very good value. while real money only has limited movement. unless there is the clutter in this world then everything can happen.

SHAWN-MIDWAYS

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The first difference between the two is Real money hardly gains value as compared to bitcoin which has growing potential everyday.
Secondly the obvious money has a physical form and is controlled by a government while bitcoin on the other hand is decentralized and exists in a digital form.

morgand

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RealMoney (+) : You can buy any item with your real money
RealMoney (-) : You need to transfer it with all condition and requirement or meet the person

Bitcoin (+) : You dont need to go anywhere.. just sit with your device and do the trade
Bitcoin (-) : You cannot buy any item with your bitcoin

Just my opinion.. Correct Me If I Wrong

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Quote from: lOvE mE forEvEr on December 29, 2016, 12:02:08 AM

I think it's obvious, real money is money officially authorized as state payments. the state can perform full control with real money. if bitcoin is cryptocurrency that can be used as an alternative payment but not yet approved by the state. bitcoin is currently very good for long term investment.

I think Bit Coin Well bath The other Currency Because Of Its Unifications Through World Wide And If Corporations Start To Invest In Bit Coin Then It will A Great Milestone.

lOvE mE forEvEr

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I think it's obvious, real money is money officially authorized as state payments. the state can perform full control with real money. if bitcoin is cryptocurrency that can be used as an alternative payment but not yet approved by the state. bitcoin is currently very good for long term investment.

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Quote from: larryfromjapan on December 28, 2016, 07:48:21 PM

Quote from: Dux2K on December 28, 2016, 03:36:24 PM

Quote from: azguard on December 28, 2016, 06:34:28 AM

Give or take we all spend money one way or another. Was is fiat or bitcoin we at the end spend it for something. Bigger issues is that sometimes you have bitcoin and you need cash fast takes days to serve all out, but this is something i hope it will be resolved in near future for all to pay/spend bitcoin/fiat not you with cash only. I just hope that i will live to see this happening.

Yea most hope for that to happen that we dont need to exchange btc to fiat and that we can do every day shopping with btc.
And true we have to exchange btc to spend it

I think maybe bitcoin will be more mainstream before we get a solution. And if more people prefer bitcoin to cash? then cash will die for sure.

The fact that most of the bitcoin users when they need to buy stuff or in need of something in real life always convert their bitcoin to cash. If bitcoin users still keeping up this tradition then cash will not go to die and impossible to die. Although the government will not give up on defending their local currency easily so there may exist some prevention

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Quote from: larryfromjapan on December 28, 2016, 07:48:21 PM

Quote from: Dux2K on December 28, 2016, 03:36:24 PM

Quote from: azguard on December 28, 2016, 06:34:28 AM

Give or take we all spend money one way or another. Was is fiat or bitcoin we at the end spend it for something. Bigger issues is that sometimes you have bitcoin and you need cash fast takes days to serve all out, but this is something i hope it will be resolved in near future for all to pay/spend bitcoin/fiat not you with cash only. I just hope that i will live to see this happening.

Yea most hope for that to happen that we dont need to exchange btc to fiat and that we can do every day shopping with btc.
And true we have to exchange btc to spend it

I think maybe bitcoin will be more mainstream before we get a solution. And if more people prefer bitcoin to cash? then cash will die for sure.

There's no way cash will die soon, we have been using it for a longer time already and it's definitely part of our needs to survive. Bitcoin is a good option for online transaction only but in the end it is still the government who has the total control over us, we are oblige to follow the laws and regulation in our country and if they make strict policies in using bitcoin we have to follow or else we will not gonna like the consequences.

morgand

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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?

because its online wallet.. u can buy anything with ur address

Quote

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?

for fastest transaction using bitcoin

Quote

If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?

fast transaction using bitcoin

Quote

What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

its annonymous address

larryfromjapan

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Quote from: Dux2K on December 28, 2016, 03:36:24 PM

Quote from: azguard on December 28, 2016, 06:34:28 AM

Give or take we all spend money one way or another. Was is fiat or bitcoin we at the end spend it for something. Bigger issues is that sometimes you have bitcoin and you need cash fast takes days to serve all out, but this is something i hope it will be resolved in near future for all to pay/spend bitcoin/fiat not you with cash only. I just hope that i will live to see this happening.

Yea most hope for that to happen that we dont need to exchange btc to fiat and that we can do every day shopping with btc.
And true we have to exchange btc to spend it

I think maybe bitcoin will be more mainstream before we get a solution. And if more people prefer bitcoin to cash? then cash will die for sure.

Dux2K

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Quote from: azguard on December 28, 2016, 06:34:28 AM

Give or take we all spend money one way or another. Was is fiat or bitcoin we at the end spend it for something. Bigger issues is that sometimes you have bitcoin and you need cash fast takes days to serve all out, but this is something i hope it will be resolved in near future for all to pay/spend bitcoin/fiat not you with cash only. I just hope that i will live to see this happening.

Yea most hope for that to happen that we dont need to exchange btc to fiat and that we can do every day shopping with btc.
And true we have to exchange btc to spend it

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