Difference between Bitcoin and real money? - page 165.

0day

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Quote from: Aamir1 on September 11, 2016, 12:54:01 PM

Quote from: lexuz on September 11, 2016, 08:36:23 AM

For me bitcoin is real money, i just need to sell it then withdraw the money to my bank account but every person have their own point view but whatever about it bitcoin has give you much benefit from every side in your life.

Bitcoin probably is real money the question is if what are the differences between bitcoin and other fiat currencies? And i think the biggest different is that in bitcoin you are your own bank and you control what you have but about other currencies they are under control of governments.

I agree with your points first of all bitcoin is also a real money, and the other currencies are called as fiat, and as with bitcoin we are our own boss and the government cannot control our money and cannot estimate our bitcoins so it make bitcoin a different currency from fiat, and other point is that we can transact bitcoin to every part of the world.

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Quote from: ?? on ??

Because "real" money (dollars) always lose its value. But bitcoin will probably gain a LOT of value. It has been 2000$ at some point of time and it is increasing right now. Digital currency will replace "real" ones.

Everyone wants to be bitcoin's price 2000$ and higher but it isn't and wasn't in past, you are wrong and also it's really indeterminable if it will happen in future.

And now, I'll answer this topics question.
The real difference between bitcoin and real money is that you can mine bitcoin at home with using electricity but you can't mine money, it only govermant can to publish. Virtuality is now on it's top and bitcoin is also top in virtual cryptocurrency. Another difference is that bitcoin isn't very stable, it's price is going up and down.

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Quote from: ?? on ??

Because "real" money (dollars) always lose its value. But bitcoin will probably gain a LOT of value. It has been 2000$ at some point of time and it is increasing right now. Digital currency will replace "real" ones.

What has been $2000? ... Bitcoin's price has never been higher than $1151 ....back in 2014 {Willybot days} Yes, it is increasing in value, but

it's not to say that it will ever reach those levels again. We are hoping it will happen, and that it will rise higher than that price.. but their is NO

guarantees that it will happen. Roll Eyes

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Quote from: lexuz on September 11, 2016, 08:36:23 AM

For me bitcoin is real money, i just need to sell it then withdraw the money to my bank account but every person have their own point view but whatever about it bitcoin has give you much benefit from every side in your life.

Bitcoin probably is real money the question is if what are the differences between bitcoin and other fiat currencies? And i think the biggest different is that in bitcoin you are your own bank and you control what you have but about other currencies they are under control of governments.

abugseuf

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there is a lot of difference between bitcoin and real money. the main difference is that bitcoin is a universal currency have shave value every where where as real currency is a fiat currency, have different value from state to state, bitcoin is flexible currency there is a lot of increase and decrease in the price of bitcoin, whereas the real currency is mostly sable and there is a very little fluctuation in the value of real money.

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Quote from: crst on September 10, 2016, 01:13:57 PM

..why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

Like any investment forms, these is good for long term investments since profit is really possible.

Quote from: crst on September 10, 2016, 01:13:57 PM

..why would I convert money into Bitcoins?

People has it's own different purposes why they are converting their bitcoins into fiat. You will eventually find your own purposes as long as you keep on going.

Quote from: crst on September 10, 2016, 01:13:57 PM

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

To take advantage of price volatility that always happened in bitcoin. A $1 worth of bitcoin today may be worth $10 the other day. It's not literal but general.

Quote from: crst on September 10, 2016, 01:13:57 PM

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

Comfortability and less hassle one. Bitcoin gambling sites are no doubt the most convenient way to do online gambling. In most of the cases, gambling sites that uses fiat as main currency requires personal details which in bitcoin gambling site isn't required.

Also like I said a $1 worth of bitcoin may be worth $10 the other day.

Quote from: crst on September 10, 2016, 01:13:57 PM

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

Bitcoin is digital currency. Dollars isn't.

Taxes depends on the services you are using.

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diference bircoin and real money
bitcoin can growth fast to capital money, is real money nee somthyng investment to growth
bitcoin majority only can use transaction in online, real money can get all everything transaction in offline market supermarket and more

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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?

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?

I choose bitcoin over fiat in investing because bitcoin has bigger fluctuations in prices so I can use this fluctuations to my advantage like in trading. Though there is risk that it might go the other way, there is still a chance that you can profit from it maybe in the long term. Bitcoin also is favorable for those that cannot transact online yet because they have no credit card or other payment processor that needs supporting documents to open an account whereas in bitcoin they can open a wallet or like have their own bank without the need of proof as long as he understand whats the process. Bitcoin is not yet regulated so the government cannot touch it yet that's why it's an advantage because it has no tax for some countries.

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When it comes to the difficulty, it's much easier to just take a phone out of your pocket and press a few buttons. But because it's way less popular than cash, Bitcoin has some disadvantages too..

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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?

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?

The first thing that stops me to invest in bitcoin, this low stability cryptocurrency. Today I act with precision on turn. I earn bitcoin and I change into dollars that have already been invested. Although for bitcoin I can buy something.

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You'll understand when you're older!

I don't mean that glibly, or facetiously, or critically. I mean it literally.

Modern fiat currencies are managed with a deliberate inflation policy - the value of "real money" is managed so that it will buy slightly less "stuff" every year than it did the year before. In general, people don't notice the slow steady erosion of their buying power, believing it instead to be an increase in costs. They perceive, for example, that they got a well-earned raise in salary so that they can buy more "stuff" with it, whereas in reality they will be able to buy no more than they did in prior years. The psychological effects of this system are fascinating, both to observe and to participate in.

Governments like this system as it allows them to pay off debts and deficits in cheaper future money.

The rate of inflation selected is small enough that most people don't notice it until they have lived under it for decades. That's what I mean by "you'll understand when you're older". Of course, by then you'll have made most of your life-decisions and they will or will not have been wise choices.

It is what it is. BTC is different. Your move. Wink

A few examples:

http://www.usinflationcalculator.com/

https://www.measuringworth.com/uscompare/

Chennai

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Bitcoin is a digital currency. It can be used only online for purchase or for any other purpose. But other real money (This must mean to the local currency government has approved) is in digital format as well in normal format to be used handy. This can be used to take with us anywhere and do all purchase and other stuffs. Of course this currency can be used to buy anything online as well.

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I suppose that with real money all of fiats are ment.
And behind every fiat there is a state, a government.
The state tries to regulate the price of its fiat compared to other fiats.
Bitcoin has that not. It just follows the rules of the market.

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Quote from: lexuz on September 11, 2016, 08:36:23 AM

For me bitcoin is real money, i just need to sell it then withdraw the money to my bank account but every person have their own point view but whatever about it bitcoin has give you much benefit from every side in your life.

Yeah your right but there is different from bitcoin to money bitcoin is just like a gold that there i a price and its always depends in demand and supply.
This is i like in bitcoin because the price is always increased.

Barbut

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Real money? I wonder is there real money at all, I work and my salary go to bank account. Before they give it to me they take money for several credits, and bills. When ever I go to buy something I pay with credit card. Where is the real money, I saw just little part of all that.
Main difference is in how they are created, at least for me that is one of the important things. How they come to this world, who control that, and how they are distributed. There is true difference between this two currencies.
Other then that we can mention that difference is in places where we can use bitcoins and real money. For now real money is far ahead, but distance is smaller with the time.

lexuz

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Me, myself and I

For me bitcoin is real money, i just need to sell it then withdraw the money to my bank account but every person have their own point view but whatever about it bitcoin has give you much benefit from every side in your life.

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Quote from: Bitcoinsummoner on September 10, 2016, 01:30:39 PM

There are many differences of bitcoin and real money.. bitcoin you can use it online as alternative real money you can buy anytime there.. in bitcoins you should have too because many other will exchange it fast and instanly in our place.

Yes, I agree. We can buy altcoin with bitcoins while with cash you cannot !
You can easily spend bitcoins in numerous places like investing in gambling sites while with cash you can just use it to buy daily needs but can never invest it in anything useful and constructive.

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The revolution will be monetized!

Because it is better money.
If you try spending the money in your pocket in another country you will discover that it is not real money like bitcoin, which I can spend in Asia, The Americas, Europe, etc.
If you try moving the money in your wallet you will also discover that you need lots of expensive help and time via credit card fees, bank transfers, etc. Bitcoin is by far the fastest and cheapest way to move money.
If you want to buy something online with the same privacy as paying with cash you are not going to do that with your bank money. There is no more secure way to send money to anyone on the planet.
If you actually want to keep your money in a store of value that is not under the control of a bank or government and can not have it's supply, distribution, or value decided by others; you will want to use the only real money, bitcoin.

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I think huge difference is that there are no bitcoins bank

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Quote from: unamis76 on September 10, 2016, 01:20:43 PM

Quote from: crst on September 10, 2016, 01:13:57 PM

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

Taxes depend on your country. You don't get more or less income with Bitcoin. You get freedom, faster transactions and a way to keep your money yourself, safely.

Yeah we can use bitcoin online as fast as we can as long as we have bitcoin in our bitcoin wallet. But real money is really good also because you can buy what you wanted personally and you can get what you buy in an instant. I think they are both same useful at all.

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