Difference between Bitcoin and real money? - page 149.

john2231

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Quote from: Creepings on November 29, 2016, 05:23:12 AM

Well bitcoin is a really efficient one. You can bring them anywhere any time. You can pay bills buy anything sitting in your couch all day. The problem is there are limited stores thqt accept bitcoin. Money will be accepted anywhere, its money. But its not really efficient, it can be stolen by a thief so easily in your pocket. Bitcoin cant be taken from you by theives.

I thin this is not the case that your money can be stolen by thieves since we have some online banks that you can withdraw your money like pioneer or any credit card that we can use worldwide..
You can bring bitcoin in other country but it is just the same as your fiat in other country that you need to exchange it first in order to use it in other country..
Bitcoin is always use as alterntive payment only for online shopping.. if we are lucky that the adoption will increase more soon that bitcoin can be acceptable locally like other country well i will use bitcoin and motivate other to use this because of the benefits like the price increase and transaction fee is low..

Creepings

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Well bitcoin is a really efficient one. You can bring them anywhere any time. You can pay bills buy anything sitting in your couch all day. The problem is there are limited stores thqt accept bitcoin. Money will be accepted anywhere, its money. But its not really efficient, it can be stolen by a thief so easily in your pocket. Bitcoin cant be taken from you by theives.

btcdiggingmaster

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In present situation both are currency only, bitcoin is digital currency and real money is always real. But coming to your question bitcoin has highest when compared to your real currency, to make more definitely you need to take charge for investing into bitcoin are some thing which you know very well. But you will make more money with bitcoin definitely but you need to have lot of patience.

Nothing is gain without pain and hard work my friend.

azguard

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To put thing simple we use real money every day and we cannot (still we cant use it) bitcoin. There are some exceptions but for now thing are as they are. Still if we want to spend bitcoin most of us here change that to real money reason there are not so many shops/stores that can accept bitcoin (in my country not a single one we had one atm but that was broken).

Unfortunately we need still real money in case cuz 99% of every day purchase we do with real money so this may be simple answer for now.

Narosya

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For me, Bitcoin is primarily a commodity that you can earn and buy, and that brings real money. So I'll try to make Bitcoin to spend paper money for its own needs. Otherwise still does not work on another.

anasis

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Quote from: TastyChillySauce00 on November 28, 2016, 03:24:12 AM

Quote from: saiha on November 28, 2016, 01:35:48 AM

Quote from: topesis on November 28, 2016, 01:10:13 AM

I think the main difference is freedom and control of your own wealth, just imagine I have transact with Bitcoin this morning with ease and very low transaction cost, and also sure that my information will not be stored and used by anyone

You are wrong with it, if you are using coinbase I have read some news that the US government is obliging coinbase to get the information of their customers.

The transactions covering year 2013 up to 2015, I'm not that updated if that is really a real news. That's the difference of bitcoin and real money.

Transactions in real money are charging high fees unlike with bitcoin fees are very cheap.

coinbase is not the only wallet available in bitcoin world and if coinbase was proven storing information about their customers just simply don't use it. use a usual desktop wallet or even hardwallet wallet then everything will be fine. though the transaction will always saved on blockchain means will be there forever

Future uniquely for digital money. Already Using your smartphone, you can download the full Coin "images" of any financial cards (debit, credit, storage, coupon and so on) and switch between them with a simple flick of your finger. Line with this feature for a long time copes PayPal and its many competitors.

maister77777

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Probably the most attractive feature of paper money - their unity. Denominations can be put in different wallets and even hide in the pocket and deal with them is still easier than with multiple accounts in payment services and banks. Several companies are working on in order to reduce the "digital" money to a common physical denominator.

SmirnoffVany

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Quote from: smash49 on November 28, 2016, 05:00:25 AM

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As long as no one is willing to part with paper money because it is everyday spending - one of the main bastions of cash. The owners of the numerous stalls, tents, lounging and stalls do not want to spend money on terminals to read the cards, so if you want to eat ice cream or to buy vegetables at the market, pay is likely to have cash.

one-day0

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Quote from: Rahees on November 28, 2016, 05:42:19 AM

Bitcoin is more of a secure online sort of bank. The price changes quite a lot and you could profit from it.

Posted From bitcointalk.org Android App

Places where Bitcoin really need to pay for a purchase or make a transfer of funds, not so much. In this sense, the value of "ordinary" local currencies are fairly obvious.

Rahees

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Bitcoin is more of a secure online sort of bank. The price changes quite a lot and you could profit from it.

Posted From bitcointalk.org Android App

smash49

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TastyChillySauce00

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Quote from: saiha on November 28, 2016, 01:35:48 AM

Quote from: topesis on November 28, 2016, 01:10:13 AM

I think the main difference is freedom and control of your own wealth, just imagine I have transact with Bitcoin this morning with ease and very low transaction cost, and also sure that my information will not be stored and used by anyone

You are wrong with it, if you are using coinbase I have read some news that the US government is obliging coinbase to get the information of their customers.

The transactions covering year 2013 up to 2015, I'm not that updated if that is really a real news. That's the difference of bitcoin and real money.

Transactions in real money are charging high fees unlike with bitcoin fees are very cheap.

coinbase is not the only wallet available in bitcoin world and if coinbase was proven storing information about their customers just simply don't use it. use a usual desktop wallet or even hardwallet wallet then everything will be fine. though the transaction will always saved on blockchain means will be there forever

traderethereum

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in my mind, the big difference between bitcoin and real money is bitcoin can be use in online world and not much store online that will accept bitcoin as their payment, and real money can be use in offline world and online world, and for the store, there is all store offline that will accepting money as payment. real money can be transferred into online world so real money have 2 benefit for us to use it, online and offline world.

requester

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There is lot of difference. I mean there is harldy any similarities between real money and bitcoin. Both have common line that is both are money and except that there is nothing similar between them. One have tax other don't. One is centralized and other is decentralized.

saiha

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Quote from: topesis on November 28, 2016, 01:10:13 AM

I think the main difference is freedom and control of your own wealth, just imagine I have transact with Bitcoin this morning with ease and very low transaction cost, and also sure that my information will not be stored and used by anyone

You are wrong with it, if you are using coinbase I have read some news that the US government is obliging coinbase to get the information of their customers.

The transactions covering year 2013 up to 2015, I'm not that updated if that is really a real news. That's the difference of bitcoin and real money.

Transactions in real money are charging high fees unlike with bitcoin fees are very cheap.

topesis

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I think the main difference is freedom and control of your own wealth, just imagine I have transact with Bitcoin this morning with ease and very low transaction cost, and also sure that my information will not be stored and used by anyone

ilove_thirdy31

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Bitcoin earn in online way while dollar earn in physical way

sobsitesearch

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Quote from: klf on November 27, 2016, 08:45:24 PM

Quote from: ?? on ??

bitcoin is digital currency which can be use for online websites and online shopping and real money is fiat which can be use for direct shopping and real money have physical shape and real money can be store in bank.

These bitcoins if you want can convert them into real cash with a small fee, so I think both of them are having the same value. Bitcoins got additional benefit is can be considered as an investment because its prices will grow slowly over the time and faster compared to any other fiat currencies in the world.

Considering without exchange will happen these two have a big difference for bitcoin it can only spend it online and it is decentralized currency without physical while real cash or fiat it much usable for more people specially for those people who can not access bitcoin.

klf

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Quote from: ?? on ??

bitcoin is digital currency which can be use for online websites and online shopping and real money is fiat which can be use for direct shopping and real money have physical shape and real money can be store in bank.

These bitcoins if you want can convert them into real cash with a small fee, so I think both of them are having the same value. Bitcoins got additional benefit is can be considered as an investment because its prices will grow slowly over the time and faster compared to any other fiat currencies in the world.

Labumi

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Quote from: andyblocks on November 27, 2016, 05:25:59 PM

The main difference is that Bitcoin is decentralized, and can be easily stored and sent over the internet. You can send fiat money using banking systems, but the cost for such services is much higher, in addition they are centralized.

Yeah it's a difference that is quite true, but it's not something all the things that make us say that bitcoin is not going to be the right thing. Because the bitcoin is the place to get advantages for all of us, so all of the things that we get in the bitcoin wouldn't be a bad thing, as long as we can do it the right way and did nothing wrong in using it. So, although the bitcoin will not be recognized by most people but he would still exist because the system used is highly relevant to all people

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