Topic: Difference between Bitcoin and real money? - page 150. (Read 114883 times)
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.
there is good example of bitcoin and real money we can use bitcoin for online shopping for online website who sell their product for online and real money we can be use for local shopping in local shops and real money have physical shape.
yes actually the number of bitcoin users are very low, so we can expect in future when the number of bitcoin users will increase then bitcoin will certainly give us some useful facilities, and we will be able to use bitcoin as fiat in local market for buying and selling good and for so many other activities. in the future there is two possibility as satoshi have stated ,
1. bitcoin getting bigger and valueable , 2. bitcoin dissapeared priceess ,
but if bitcoin survive and become the next real money well done , digital age really come true completed.
Bitcoin isnt real money,real money is real money ,bitcoin is cryptocurrency and real money is value,bitcoin is online cryptocurrency,real money is money which we can see in real world and bitcoin is cryptocurrency which we cant see in real world and we cant touch him.Real money isnt anonymously and bitcoin is.
The difference of Bitcoin and real money is that. Bitcoin is a Digital Currency meaning it doesn't have physical shape. Real money has. Bitcoin can be used online to transfer money, pay bills and can be used in some of the companies that accept bitcoins. Real money is accepted by all people because it is established many years ago. You can buy stuffs in the mall, Department stores and other boutiques using this money or what they call fiat.
But all in all, I'd recommend using bitcoin as it is more convenient than real money although not all of the store accept bitcoin but it will soon.
But all in all, I'd recommend using bitcoin as it is more convenient than real money although not all of the store accept bitcoin but it will soon.
there is good example of bitcoin and real money we can use bitcoin for online shopping for online website who sell their product for online and real money we can be use for local shopping in local shops and real money have physical shape.
yes actually the number of bitcoin users are very low, so we can expect in future when the number of bitcoin users will increase then bitcoin will certainly give us some useful facilities, and we will be able to use bitcoin as fiat in local market for buying and selling good and for so many other activities. 
Across the development cycles of BTC, there tends to be a gap reducing in size for these markets to function quite similar because of broadened horizons.
With the international style Bitcoin alike other cryptocurrencies companies combined, the reasons behind using this is to join a global movement to reduce financial disparity and conversion fees transferring money abroad + between countries. In all honesty why use both a standard rate currency as well as reserving USD to subject priority of living in booming third world nations.
It's always good to own a little of both virtual + tangible assets.
With the international style Bitcoin alike other cryptocurrencies companies combined, the reasons behind using this is to join a global movement to reduce financial disparity and conversion fees transferring money abroad + between countries. In all honesty why use both a standard rate currency as well as reserving USD to subject priority of living in booming third world nations.
It's always good to own a little of both virtual + tangible assets.
Bitcoin is definitely faster than real money. And Bitcoin can also be sent oversea within a blink of an eye. Furthermore, Bitcoin users can never be followed by anyone. It is impossible to know who relate to that bitcoin address unless the owner told you
What do you mean about faster than real money?Honestly this days i am experiencing delay transaction.. unlike before that we can say that the transaction is fast but now we are relaying in the transaction size and we should pay the exact amount for exact transaction size in order to be high priority even you are high priority i am still experience for delay it takes an hour sometimes but if you are paying a large amount of fee like 50k sat you transaction is fast if you transaction size is below 500kbThe poster you replied to most certainly referred to wire transfers
Such transfers are usually taking a few working days (so weekends are basically lost), though it all depends on the banks which accounts you transfer the money between. I've been successful in sending money from an account in one bank in the morning, receiving it in the afternoon in the other bank, and then managed to send the money back to the first bank to receive it in the evening there. Don't ask me why I had been doing that, but it worked, took only one day, and had nothing to do with money laundering (just in case)
If it's just your local bank then it would not take banking days for it to be processed. As for my experience in overseas wire transfers, it took me a good 3 banking days (actually, 5 regular days since I did the transfer on a Friday, from my country to Canada) before they actually receive the money. The beauty about bitcoin is that you don't need to wait that long for you to get the money; you only need 10 minutes to a few hours for you to send or receive money anywhere on the globe. Also, no additional fees. Normal fees for wire transfers are about $10-$25 based on my experience.
If you are leaving in india and i am living here in philippines i can send bitcoin to your zebpay account and you can withdraw it instantly.. this is the good advantage of using bitcoin.. than our fiat.
Bitcoin is a new technology that has unique characteristics. For example, bitcoin can be sent quickly and cheaply anywhere in the world. No other currency can do that. It can also be used as a method of payment or a store of value. All these things can be done without relying on a middleman to handle the transaction.
What is the difference between Bitcoin and real currency? So simple. Bitcoin control Once you have in your wallet, and the real money but you still controls the state all of your accounts.
Bitcoin is definitely faster than real money. And Bitcoin can also be sent oversea within a blink of an eye. Furthermore, Bitcoin users can never be followed by anyone. It is impossible to know who relate to that bitcoin address unless the owner told you
What do you mean about faster than real money?Honestly this days i am experiencing delay transaction.. unlike before that we can say that the transaction is fast but now we are relaying in the transaction size and we should pay the exact amount for exact transaction size in order to be high priority even you are high priority i am still experience for delay it takes an hour sometimes but if you are paying a large amount of fee like 50k sat you transaction is fast if you transaction size is below 500kbThe poster you replied to most certainly referred to wire transfers
Such transfers are usually taking a few working days (so weekends are basically lost), though it all depends on the banks which accounts you transfer the money between. I've been successful in sending money from an account in one bank in the morning, receiving it in the afternoon in the other bank, and then managed to send the money back to the first bank to receive it in the evening there. Don't ask me why I had been doing that, but it worked, took only one day, and had nothing to do with money laundering (just in case)
If it's just your local bank then it would not take banking days for it to be processed. As for my experience in overseas wire transfers, it took me a good 3 banking days (actually, 5 regular days since I did the transfer on a Friday, from my country to Canada) before they actually receive the money. The beauty about bitcoin is that you don't need to wait that long for you to get the money; you only need 10 minutes to a few hours for you to send or receive money anywhere on the globe. Also, no additional fees. Normal fees for wire transfers are about $10-$25 based on my experience.
Bitcoin is definitely faster than real money. And Bitcoin can also be sent oversea within a blink of an eye. Furthermore, Bitcoin users can never be followed by anyone. It is impossible to know who relate to that bitcoin address unless the owner told you
What do you mean about faster than real money?Honestly this days i am experiencing delay transaction.. unlike before that we can say that the transaction is fast but now we are relaying in the transaction size and we should pay the exact amount for exact transaction size in order to be high priority even you are high priority i am still experience for delay it takes an hour sometimes but if you are paying a large amount of fee like 50k sat you transaction is fast if you transaction size is below 500kbThe poster you replied to most certainly referred to wire transfers
Such transfers are usually taking a few working days (so weekends are basically lost), though it all depends on the banks which accounts you transfer the money between. I've been successful in sending money from an account in one bank in the morning, receiving it in the afternoon in the other bank, and then managed to send the money back to the first bank to receive it in the evening there. Don't ask me why I had been doing that, but it worked, took only one day, and had nothing to do with money laundering (just in case)
Bitcoin is definitely faster than real money. And Bitcoin can also be sent oversea within a blink of an eye. Furthermore, Bitcoin users can never be followed by anyone. It is impossible to know who relate to that bitcoin address unless the owner told you
What do you mean about faster than real money?Honestly this days i am experiencing delay transaction.. unlike before that we can say that the transaction is fast but now we are relaying in the transaction size and we should pay the exact amount for exact transaction size in order to be high priority even you are high priority i am still experience for delay it takes an hour sometimes but if you are paying a large amount of fee like 50k sat you transaction is fast if you transaction size is below 500kb.. This is just what i experience right now unlike before that you can get your bitcoin in a minute..
Right now it is more faster transaction to use paypal than bitcoin but it hassle to use unlike bitcoin that you do not need to verified to use the wallet. .
The real money has value that can be influenced by a nationality, bitcoin value is influenced by more than one nationality. Bitcoin anonymity protects your exchange for any good or investment while most real money can be easily traced. bitcoin is a virtual portable money that pose a level of secure wealth while real money availability makes you vulnerable to theft and insecurity.
If you refer to the possibility of paper money suffering inflation, by intervention of governments and central authorities, in fact this is an aspect present in fiat currency that, in Bitcoin, is very different. Since the network is decentralized, the coins can not be issued at a rate defined by banks or governments.Absolutely, this is the biggest problem with government regulated currency....especially in the United States with it's fractional reserve banking system. Every dollar we put into the bank adds more debt into the system....that would be fine if the person putting the money into the bank's trust benefited from the practice but they don't....it actually devalues their dollar.
I've seen that in many economics textbooks, namely, that banks give out loans from the money they have attracted to deposits first. The harsh truth is even harsher than that. In fact, they don't need our money to create more debt since they can create money virtually out of nothing. The debt creating capacity of banks is only limited by the credit side, i.e. how much money people are willing to borrow. There are no such limits from the deposit side altogether...
Fractional reserve banking is a big pile of lies itself
There are so many differences between Bitcoin and traditional Fiat currency. let me point out few major differences for you.
Fiat currency is a government backed up where as Bitcoin is not backed up by any Central authority.
Fiat currency value is determined by gold in hand where as Bitcoins value is determined by its market capitalisation. If we see more money coming in to Bitcoin the price will increase but no such thing will happen to fiat currency.
Fiat currency is a government backed up where as Bitcoin is not backed up by any Central authority.
Fiat currency value is determined by gold in hand where as Bitcoins value is determined by its market capitalisation. If we see more money coming in to Bitcoin the price will increase but no such thing will happen to fiat currency.
Bitcoin is definitely faster than real money. And Bitcoin can also be sent oversea within a blink of an eye. Furthermore, Bitcoin users can never be followed by anyone. It is impossible to know who relate to that bitcoin address unless the owner told you
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?
bitcoin huge price increase , if you saving bitcoin you will get profit more when you save dolars is likely to inflation 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?
Bitcoin can be both investment and currency while real money is only money which is subject to inflation as the world roll.
Therefore, fiat holders are slowly moving their money to bitcoin to gain profit and to take advantage of the opportunity.
Therefore, fiat holders are slowly moving their money to bitcoin to gain profit and to take advantage of the opportunity.
Bitcoin has bitcoin wallets, real money have banks. Bitcoin has smaller fees compared to real money. It is easier to send and receive using bitcoin than real money. A single bitcoin costs big amount in real money. Bitcoin has anonymous transactions which makes the user anonymous too prevemting some threats in his life if he have some huge amount pf bitcoins.
One is anonymous and one can be tracked
YOU PICK WHICH ONE IM TALKIN ABOUT BABY
YOU PICK WHICH ONE IM TALKIN ABOUT BABY
The real money has value that can be influenced by a nationality, bitcoin value is influenced by more than one nationality. Bitcoin anonymity protects your exchange for any good or investment while most real money can be easily traced. bitcoin is a virtual portable money that pose a level of secure wealth while real money availability makes you vulnerable to theft and insecurity.
If you refer to the possibility of paper money suffering inflation, by intervention of governments and central authorities, in fact this is an aspect present in fiat currency that, in Bitcoin, is very different. Since the network is decentralized, the coins can not be issued at a rate defined by banks or governments.Absolutely, this is the biggest problem with government regulated currency....especially in the United States with it's fractional reserve banking system. Every dollar we put into the bank adds more debt into the system....that would be fine if the person putting the money into the bank's trust benefited from the practice but they don't....it actually devalues their dollar.
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