Topic: Difference between Bitcoin and real money? - page 166. (Read 114848 times)

Bitcoin is more anonymous,the transaction fees are lower and the transactions are irreversible.

Bitcoin price is more volatile so investors can make profit just by holding bitcoins.

Use btc if you want.Nobody forces you to use bitcoins.

It is true there are lots of real money that were printed out of no where.  The money supply is to much that it deteriorates in value.  This is the difference between bitcoin and real money, Government can print infinite numbers of paper money while bitcoin is limited to 21M.  Not saying thousands of bitcoin are already lost on corrupted hard disks or damaged one.  So basically bitcoin would be less than 21m when it is fully mined.

you're really damn wrong, you're encouraging people to buy shady stuff and say that bitcoin's transaction can't be tracked,actually bitcoin's transaction is widely published and can't be deleted,just use blockchain explorer to see the transaction

when you convert fiat to bitcoin, you have the opportunity to benefit greatly from the bitcoin price volatility

gambling using bitcoin is anonymous, easily done without any verification, this is the most I like to play gambling with bitcoin.

bitcoin is not under government regulation, so bitcoin has no taxes, but bitcoin could become a big income than dollars.

Bitcoin and the dollar is vastly different. Dollar is the currency used on the fact while bitcoin digital currency is and can not be used in reality because it has no form. The dollar is also very stable, so as a benchmark price while the bitcoin currency of the world is very unstable and it is suitable for short-term investments.

There are lots of difference and lots of feature bitcoin have than traditional real money/digital currency. One of the most important is privacy, anonymity and second one is decentralized currency system so that no any government or authority can stop bitcoin or can steal/block/track your money if it is stored in bitcoin. You will be the only one who have access to move those bitcoin with the help of private key of your bitcoin address.

It's our tradition to use our money country representative because this is our land mark where we came from for me the difference between bitcoin and real money is nothing because if you have bitcoin then you have money as well and if you have money you can buy bitcoin or exchange it with bitcoin

To be honest there are not many reasons why you would want to use Bitcoins instead of Dollars. If you're perfectly happy with using Dollars and don't care about anonymity or centralization, using Bitcoins will only take away from your overall buying/selling/shopping experience because transaction times are rarely as fast as say paying with card or PayPal.
There are a few things however that Bitcoin can do better than existing money transfer systems like for example having no country restrictions and no sending/receiving limits. But you can only really appreciate these features if you have a use for them.
Perhaps the most common reason people invest in Bitcoins is because it's more a commodity than a currency which makes it great for speculation.

Bitcoin supposed to be currency, so you don't invest your money in bitcoin but exchange it to bitcoin.
Maybe bitcoin price is volatile, but you'll get used with bitcoin because it's easier, take less time and money.


For now, there's no strong reason to exchange $ to BTC if you only want to buy stock or invest your money.


Bitcoin offer faster transaction, anonymity and no tax as well.
Imagine if you want borrow money at bank, but they refuse you because you're gambler and they think you will use the money for gambling.


You can get these advantages if you use bitcoin :
1. Faster money transfer
2. Less transfer fees
3. Enjoy pseudonymous or anonymous if you're being careful

Some people is having a different for converting their money into bitcoin like maybe they're interested in the advantages for bitcoin or another from that but I can't give a specific answer about that.

Because if converting into bitcoin that is will reduce the risk you will get from gambling and especially you will safe from everyone.

I don't think there are differences between dollar and bitcoin because both of them is a currency, but maybe they have a different purpose like the purposing of bitcoin is for the digital payment and fiat for a real payment but that is just a different basic both of them.

I have used both the fiat casinos and the bitcoin casinos. The difference is that you need to provide information to deposit money with bank transfer or credit card. With bitcoin they don't need any information from you, they just take your bitcoins. But if you want to withdraw from either you have to provide them with your information.

With bitcoin there are no taxes on them. Unless you see the tx fees as a sort of tax on the coins that you are sending.

Obviously, if you've actually done your research, you can buy stuff online with bitcoins if you don't have paypal. You can also use it to buy shady stuff since if you're careful enough, they can't track you.

I can go practically anywhere with real money and survive a day while with Bitcoin, when the power goes down and internet connection is nowhere to be found you cant use your Bitcoin anymore. You need to be connected when using Bitcoin. Real money dont need that, I can buy any item even if lights are out.

yes sure, you can invest your stock or invest in dollar, but the price movement from dollar is not as fast as bitcoin, and yes you can gamble with dollar, however you need to provide and your identity and your credit card number, wont it be more secure to just gamble with bitcoin which dont need any identification

Real money is recognize by the government and accepted everywhere because any person regardless of its status in life can use and easily transact money while bitcoin requires an internet to operate and only few people can use bitcoin than the people who can use real money.

Bro People Use Bitcoins For Buying Stocks And For Gambling Because Of the Following Reasons:-
1) If Anyone Want to Gamble with Bitcoin They Don't Need To Do Any Paperwork Because Bitcoin Is Not Controlled By Any Organization Or Bank....
2) Transactions Are Much Faster And We Can Do The Transaction Anytime Even 1 Am At Night.....
3) No Tax Issues If We Use Bitcoin For Deposits In Gambling Sites And If We Buy Stocks With Bitcoins.....

Real money is inflated. Bitcoin is deflated (total 21 million coins). If bitcoin goes mainstream the demand and limited supply will increase the price to who knows what. So I would put some money in bitcoin if I were you

here your opinion in favour of doller is right but still you need to get some information about the best quality of bitcoin .
in bitcoin we can get privacy of the amount of money that have in wallet .
bitcoin platfrom privides us the fascility of handle own bank instead to depend other there is no taxtation to store bulk amount of money in btc .

Of course is so different but its the same for using. We using fiat as currency as we use bitcoin. Both of them is the same in this thing. But the difference is if we sent fiat to the far away place it will take a long time but if we sent bitcoin we only need one click on our smartphone or pc.

Because converting your fiat money into bitcoins and invest it like banking bitcoin wallets is much better from time to time that the price fluctuates theres a changes to your money converted into bitcoins .you will earn from it especially if the price of Bitcoins go rise up.


Well that depends on what stocks you will buy ,some online sites which recommends you to convert into bitcoins for you to invest also there's a big difference on the fees of investing bitcoin and dollars .


i think just because you can do a lot with bitcoins you can just spend cents ,unlike fiat currency which about $1-$5-$10 .also bitcoin technology make a secure transaction that your identity can't be trace /gamble anonymously .


Yes ,as far as i know bitcoins transferable electronically, more or less instantly, with very low transaction fees for example Your bank may charge you a £10 fee for international transfers. Bitcoin doesn’t.
It is fast ,you can send money anytine anywhere as long as you have an internet connection and as the money confirms its done ,no traceable link or identity record ,its anonymous .

This thing that makes bitcoin different to all fiat money, is that it is decentralized . No single institution controls or holds the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.
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