Topic: Difference between Bitcoin and real money? - page 14. (Read 114867 times)

Real money is a currency  that controlled by the government,  we usually use this currency to buy our daily need, such as foods,  clothes,  shelter and so on,  while bitcoin is a crypto currency that need and Internet connection  in order for you to make any transaction.  It is also use to buy alt coins and start your own trading system

the difference between bitcoin in real money is that bitcoin can be used in online payment transactions such as online bills or online payment that used bitcoin because bitcoin is a digital money that use a internet transaction and the real money is used as a general and a cash payment in anywhere you wanna buy. And the advantage of bitcoin is you can invest in bitcoin to earn high profit

maybe, as it makes experience to function beyond the current banking and authorities gadget whilst Bitcoin is being used now not most effective as a shop of value or an investment asset, but additionally as a method of charge? Open your thoughts, a closed-loop Bitcoin financial system could be feasible with none authorities participation or interplay, either direct or mediated. while every body is using fiat for whatever, authorities is always there, given that fiat is largely a part of authorities itself. on this manner, I cannot likely agree that Bitcoin isn't always exciting as a foreign money considering that there may be fiat already...

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.

Bitcoin is a digital currency coin. Which is different from real money

There are a gush in connection with advantages next to using bitcoin in other ways incontestable jack aside from ordinal rocks secluded too has advantages. discounting what I\'ve regard studiously entranceway an typescript that at any rate validated paper money is renewed so as to a latent blurb and ethical self doesn\'t bechance reinforcement out. That\'s the raggedness between toothed normality and bitcoin. Bitcoin is exchangeable, inner self isn\'t uncolored since a lot sallow plural points inner self gripe until have, it\'s a fabric pertinent to speech situation relative to transactions also. Bitcoin has worship considering we Australian ballot me has value, no end it\'s yes sir uncommon headed for all the world favor this community.

So gold is a currency too. We can sell our golds for Dollar, Euro, Yen and Yuan.

Better to call bitcoin an asset. It is same as gold. But I thing bitcoin or another currency will become a currency in future when all the governments will accept cryptocurrencies.

It is clear that Bitcoin is used as money. Different coins and services are bought for coins. The only restriction is that Bitcoin is not universally accepted as a currency. However, the currency can also be exchanged for other currencies, such as the US dollar, euro, yen and yuan. Therefore Bitcoin is a currency - a new monetary form that investors use for savings.

Bitcoin is vertual currency and dollars is real currency . The difference is you can not use bitcoin anywhere but you can use cash anywhere but the advantage of bitcoin is you can earn high profit by investing money in it.

it have a huge difference between bitcoin and a real money in bitcoin you can double your money in investing and you'll have a fastest and easiest way of transaction that only one tap of your cellphone or comouter unlike in fiat if you need to transfer a money to your friend you need to go in rural bank or any banks if you dont have pending money in your bank so thats the big difference.

Bitcoin makes a great investment. The return of investment versus $$$ is much higher. You definitely didn't do your own research. Bitcoin is a cryptocurrency, and it is decentralized (not held by banks or government) You can invest your money in the stock market if you want. But I would say that Bitcoin is more convenient to invest into. It of course has similarities to the stock market, forex.... investments... and anyway it's a currency, just like you $$$. But it is digital and more innovative (as well as the alts). The demand is high that's why the profit is higher than you expect. Fees are given in when your converting $ to BTC and BTC to $. But we are talking about investment and risks here, if you just discovered Bitcoin and find it unpowerful and useless (probably because you didn't research well and see the typical news about it), then probably we can't prove BTC to you nor encourage you to engage in the crypto world, it's your decision anyway.

lol funny! the thing is which one is real money again now?if u mean cash at hand then its different cause cash will always be cash.BTC is a digital currency but @ the same time provides that cash in your hand.the only difference is that with BTC you deal with the network and has to go through process but in the other hand?its the same with the cash,cause  u gotta go to the bank.in essence i dnt see no  diff.

the difference between Bitcoin and real money, In bitcoin it is not physically touch, it is a kind of virtual currency which is electronically used only for now, it is also anonymous, and not regulated unlike In real money, it is physically useful especially in any aspect of business outside. And real money was engage and centralized by the government.

Money
Stable
Real money
Used in everyday
Transaction in certain country only.
Traditional banking system


Bitcoin/digital money
Much faster transaction than money
The value increasing every year
Uses new tech
Alternative but it is money
Good investment
Cannot used in everyday because of volatility
Unstable...


Note both have advantages and disadvantages but lets enjoy and take opportunity of what digital currency can give now

difference between the two is, bitcoin is a digital currency and can only be access thru the internet. It is created but we cannot hold it in our hands because it doesn't exist in a physical form unless we convert it to real money. Fiat is what we use on our daily lives, it does exist and we can hold it in our hands.

As what I've  read in the thread and learn in my research,  bitcoin is a digital currency  that can easily  be converted into fiat,  it is transferable from your wallet to the other wallet.

Real money is the monetary used to buy some goods and services and other items thet we need and want.

While other cryptos and alts have developed blockchains where the main use isn't as a form of a digital payment system... I believe that bitcoin was originally designed to be used as a form of a monetary instrument. It was definitely supposed to be like money. From the words of Satoshi Nakamoto himself:
So he even states that bitcoin is supposed to be a form of internet money. But just because he says it's money, doesn't make it money, per se. For example, if someone handed you $100 in PayPal, is that money or is that simply company credit? Are PayPal funds money? Or are PayPal funds the same as getting in-store credit from Amazon or Walmart?

How different is bitcoin from in-store credit and PayPal funds? And to get this answer, you have to think about bitcoin's usability.

1. Bitcoin isn't controlled by any one corporation.
2. Bitcoin has value because it can be traded for a certain value of fiat.
3. Bitcoin can be used anywhere to exchange it for goods and services, like fiat. PayPal and Walmart credit can only be used via PayPal or Wal-mart – and these credits are tied to your personal account. Bitcoin is not tied to any personal account – you can send a bitcoin to someone's address, and it's logged as theirs, just like sending funds from one bank account to another. You can't really do the same with Walmart credit because the credit is tied to your account.

Money, fiat, shares these same 3 properties with bitcoin. The only better difference between bitcoin and money is that bitcoin isn't owned by any government or corporation. It's literally an open-source global currency that's neutral to politics. If I could compare it, it would be like gold or other valuable metals – except that it can be sent and received within seconds between huge countries (unlike gold and silver).

So I agree with you that bitcoin is money, without the physical aspect.

Difference between Bitcoin and real money is really big. Bitcoin is digital currency which means it's don't have any physical attraction. While real money, you have it in your hands, you have the presence. Bitcoin is just a virtual currency over the internet.

I think it is clear, because real money is the official money as a state payment. The state can exercise complete control of real money. If bitcoin as cryptocurrency can be an alternative payment but not yet approved by the state. Currently alone bitcoin is good to invest in the long term for human life.

Fiat gives you the opportunity to work hard and earn little or just what you need or even what boss offers you, Bitcoin allows you to dream and achieve some of your dreams; what Fiat depriving you, you would achieve it with bitcoin so it's up to you to see the deffirence