Topic: Difference between Bitcoin and real money? - page 15. (Read 114867 times)

The major difference in Bitcoin and the real money is price/value volatility! Bitcoin is a Cryptocurrency that overtime has been appreciate in value which real money in relativity has not been increasing. Lots of money can be stored in personal online wallets but if you had real  money, it can be cumbersome carrying real money from one place to the other.

Bitcoin is:


- Decentralized: Which means that no central bank, person or group people have control over it or can change anything in it's software and/or mining capacity. It works under certain parameters designed in the moment of it's development which cannot be changed now.

- Only Digital: Bitcoin comes only under digital form and there isn't any other form of it with the same value in the market. For example, some people can buy physical version of a Bitcoin which still have a value but of course is not the same.

- Anybody can create it: By using the right hardware or their own computers people can create Bitcoins "mining" them which works by fixed parameters that change around 4 years at the current rate which doubles the difficulty of Bitcoin mining. However, specialized hardware and a lot of researching is recommended to anybody reading this when analyzing if mining is profitable in your own personal case.
You can read more about it here:
https://99bitcoins.com/bitcoin-mining-profitable-beginners-explanation/

- Extremely volatile: This is due to the fact that Bitcoin is in the early stages of it's existence and still need to economically find balance in the market. That will probably happen when a lot more companies and governments accept it and when the mining rate becomes really low.

- Different variations under the same name: Some people who believes that Bitcoin can be improved or should be changed in any way can get together and since nobody can really change Bitcoin's software since it's decentralized they just create an alternative Cryptocurrency usually called "fork". Some of them even have the same name with something else added. You can read more about it here:
https://coinsutra.com/btc-vs-bch-bitcoin-cash/

- Attract investors: Some people believe that Bitcoin is an asset for storing more than a currency since it's value increase over time. It is the type of currency who made more millionaires due to the extreme advancement of technology in modern times and it's decentralized nature which makes it really attractive and effective to more than a few to profit out of it. And others like me to also invest because we believe in innovation and in the future of Bitcoin.

Regular currency or real money it's exactly the opposite and for instance inferior from the point of view of a lot of us. Regular currency will be replaced in the future for digital currency, and if enough people accept it, it might almost replace any regular currency in any form.

I personally believe that it will be the most traded currency later in years, taking the spot of the dollar.

Bitcoin is kind of safety than real money. I mean trades and other economical stuff. It's more usefull and practising and it more protected  although good hacker can steal your bc. But the same with real money and it's more dangerous to going anywhere keeping your money in one place with you.

there has many difference between Bitcoin and real money, there is the value of it, we all know that in the value there has a big difference between the bitcoin and the real monet, bitcoin have a high amount of value rather than real money and also bitcoin is uses as cyber money or what we called cryptocurrency.

there are many differeces between bitcoin and real money. bitcoin is digital currency which is always in soft form and real money is hard cash which is easy to useable.

The real money is regulated by the government and you can buy anytime, But both have that can be used for life.

The real difference is that bitcoin beats money at every point, future is after the crypto. Thatš all I wanted to say !

Bitcoin is non decentralised and uncontrolled by government money. So when you can not pay by dollars for something, you can use bitcoin. Speaking about stocks, if this market is prohibited in some countries and there is no way to pay by "real money", you can use bitcoin then. Bitcoin is less certain way to earn, but can be more profitable.

It is not difficult to distinguish between bitcoin and realm money, but the most visible is the centralization for real money whereas bitcoin uses decentralization, it has a big impact on value or price, centralization will make the price easily determined but decentralization is only a decisive market.

I think bitcoin is smart gold, technology currency, real money is country of money, only have value in that country and governed by the government

Yeah it is the reality of the bitcoin that no one will be able to know the amount of bitcoin you have as bitcoin has the enmity and it cannot be trace or defeat by any other currency, now government is fixing the tax for bitcoin and this way bitcoin will involve the government so people will trust bitcoin easily and investment will be high with bitcoin. Bitcoin has the high power to increase and in future you will see bitcoin been use more widely than real money.

you are right sir in many countries bitcoin can be use easily same like real money and in some countries its not going to use easily but i'm sure in rest of all countries it will be start soon with easy use because in coming time bitcoin is becoming a global currency and then it can be use same like real money.

There is a significant difference between banknotes in your bank account and Cryptocurrencies like Bitcoin. One of the biggest differences between the two is the bitcoin deflation attribute supported by 21 million capped currency inventories. Many economists believe this is very beneficial because people know that there is little bitcoin, which causes people to save, and purchasing power usually increases.

When buying and transferring coin holders, they take away part of the commission. Therefore, it can not be said that all operations are free of charge. There is still a fee. Just initially, the crypto currency itself is free.

It is also important for me that the commission may not be charged for transactions. No taxes, fees and duties. This is so tired already in the real world.

It is impossible to freeze the account or withdraw the Crypto-currency.
At any time, you can verify the reliability of the operations performed.
The code of the crypto currency is open. Due to this feature, anyone can obtain virtual coins.

That is, for ordinary currency, the electronic form is one of the forms of physical incarnation. Cryptocurrency is issued directly on the Internet and is not connected in any way with any ordinary currency or with any state currency system. Thus, can say that "crypto-currency is a kind of electronic money.

Bitcoin is one of the cryptocurrency in the cryptomarket which you can use to trade , buy and sell. From its word "crypto" you can barely say that it is a virtual one or encrypted codes in the computer thas has a significant value. Actually bitcoin is the most valued cryptocurrency right now as it values from $10000 up to now and even reached $20000.

The main difference between electronic crypto currency and ordinary money in electronic form is the following: in order for ordinary money to appear on the account in electronic form, they must first be physically deposited into the account, for example, through a bank or payment terminal.

Crypto currency is a digital (virtual) currency that does not have a physical expression. This coin is protected from forgery, since the coin is an encrypted information that cannot be copied.