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Topic: Difference between Bitcoin and real money? - page 18. (Read 114814 times)

newbie
Activity: 196
Merit: 0
February 24, 2018, 06:18:31 PM
Bitcoin are digital currency that are used to transact any kind of business. The difference between bitcoin and real money is that... Bitcoin can not be print out but it has $ doller unit but real money can be printed out and give hand to hand. The good thing is that bitcoin can be exchange to any currency and be paid the money in your account with your local currency
full member
Activity: 378
Merit: 108
February 24, 2018, 06:17:55 PM
the mean different between bitcoin and real money is the internet and blockchain, because both of them are interwave you can use one to get another, secondly bitcoin is digital asset that most pass through blockcoin with the means of internet, while real money did not internet or blockchain but most pass though banking.
newbie
Activity: 69
Merit: 0
February 24, 2018, 06:09:54 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 only difference between bitcoin and real money is that bitcoin is a virtual currency on the other hand cash is a centralized based currency and its value depends on the value of Gold.
hero member
Activity: 994
Merit: 503
February 24, 2018, 06:02:39 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?

There are several difference between bitcoin and real money. One of this is that bitcoin can be hold and save for a long time then you can gain profit while in real money is constant, it is stable if you have 100k then it is 100k also. In bitcoin if you hold 100k it may increase twice or even thrice. Aside from it, real money can spend easily while bitcoin is not.
It seems you forgot the worst situation that amount can decreases to worthless too Roll Eyes.
Or simply like recent, for those who bought Bitcoin at $20,000 lost many money when the Bitcoin price dumped below $6,000 in short time.
I am sure at that time, many people sold at loss price made the Bitcoin price dumped so much like that.
sr. member
Activity: 432
Merit: 250
February 24, 2018, 05:03:38 PM
bitcoin is a virtual currency. it doesn’t exist in the kind of physical form that the currency & coin we’re used to exist in. It doesn’t even exist in a form as physical as Mlmonopoly money. it's electrons – not molecules.
that is the main difference between bitcoin and real money.
If you want to have Bitcoin, you must to mining it. Do you know the hardware to mining Bitcoin? It is very expensive and need to use lots of power consumption. Every month, a huge mining farm can use ~ few millions dollars to mining Bitcoin. In your eye, Bitcoin is a virtual currency, but the value is real and spend many much money, power to have Bitcoin.
sr. member
Activity: 726
Merit: 251
February 24, 2018, 01:59:53 PM
Bitcoin and real money or paper are both valuable currencies and I can buy things using them and the difference with them is bitcoin as crypto currency then you can not keep it in your pocket or pants but the money is actually physical so you can take it anywhere you go. Cool
jr. member
Activity: 211
Merit: 1
February 24, 2018, 01:57:28 PM
You can grow your dollar at home. Without the "little" help of the bank. You can double it just by sitting in front of your computer with good skill in trading. While real money will just stay in your pocket, in your vault or even in your bank. Bitcoin's price increases price every other day, you're lucky if the price is in it's best but not unfortunate when it's low, because you can keep it  on hold and trade it in it's best again. But I'm not saying that you have to convert all your dollar to Bitcoin. Keep some, especially when you need it most, like emergencies. You can't count on Bitcoin during those times. It gives you a hassle. Good luck
newbie
Activity: 30
Merit: 0
February 24, 2018, 01:43:42 PM
Many difference there ,btc is virtual currency and it's very good
member
Activity: 196
Merit: 10
February 24, 2018, 01:41:30 PM
I think the main difference and advantage is that Bitcoin is decentralized, you  can send it over the internet. When you send fiat money using bank system, it is more expensive.
member
Activity: 112
Merit: 10
February 24, 2018, 01:25:53 PM
Bitcoin is a payment system and a digital money that can be acquired through different ways. Bitcoin is also a first crypto currency. And money is a currency that we use everyday to pay our liabilities and includes currency and to much bigger extent bank account balance that provide the source for our check wire transfer debit card and credit card payments.
full member
Activity: 221
Merit: 100
February 24, 2018, 01:22:12 PM
As a simple example, the real money value is stable while the bitcoin fluctuates. Many people take advantage of these fluctuations to make a profit. But in the end, bitcoin will also be converted back into real money when it has a profit value. For me personally, bitcoin I use as an investment, because I never found a better investment than investing in bitcoin.
newbie
Activity: 70
Merit: 0
February 24, 2018, 12:58:25 PM
Difference is regulation, real money is regulated by governments or central banks, they dictate the value of real money, while Bitcoin is free as far as I know of regulations from governments, value is drive by supply and demand.
full member
Activity: 414
Merit: 107
February 24, 2018, 12:48:41 PM
bitcoin is a virtual currency. it doesn’t exist in the kind of physical form that the currency & coin we’re used to exist in. It doesn’t even exist in a form as physical as Mlmonopoly money. it's electrons – not molecules.
that is the main difference between bitcoin and real money.
member
Activity: 168
Merit: 10
February 24, 2018, 12:43:07 PM
Idea of real money and bitcoin is completely different. Nakamoto had came up with the idea of bitcoin in 2008 which is not at all similar to bitcoin but only one thing matches that is they are money. But bitcoin doesn't even looks like money because no one could ever touch, see our feel it is just a numeric number stored in computer and transferred within computer that's it.
There are several differences between bitcoin and real money. Bitcoin is a cryptocurrency, meaning a digital currency, that is used online. If you want to be able to use it offline you have to convert it real or traditional fiat currency that comes with a transaction fee.Traditional money may be easier to acquire offline but bitcoin has sa many other benefits right now. These are two currencies that has its own advantages and disadvantages.

Yes, bitcoin is a digital money that can be acquired through different ways. I think the big difference right now is the bitcoin is decentralized and fiats are centralized money regulated by the government itself. I think bitcoin is great because its controlled by the community itself and after years and years of having bitcoin, we can come to a stable coin that is very well suited for the society.
newbie
Activity: 217
Merit: 0
February 24, 2018, 12:39:36 PM
 There is considerable difference between bitcoin and the real money. Bitcoin is the first cryptocurrency  which is a decentralized ,and peer to peer digital currency . The number of bitcoin is countable mean time the currency   is not countable..All the transactions carried out by the cryptocurrencys are registered  in an electronic ledger on the block chain .The electronic money is kept in an electronic wallet mean time the physical money is kept in to the pocket wallet.The pocket wallet can be stolen mean time the electronic wallet will be safe.
     
full member
Activity: 340
Merit: 100
February 24, 2018, 11:11:18 AM
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?

There are several difference between bitcoin and real money. One of this is that bitcoin can be hold and save for a long time then you can gain profit while in real money is constant, it is stable if you have 100k then it is 100k also. In bitcoin if you hold 100k it may increase twice or even thrice. Aside from it, real money can spend easily while bitcoin is not.
sr. member
Activity: 812
Merit: 250
February 24, 2018, 10:46:53 AM
Idea of real money and bitcoin is completely different. Nakamoto had came up with the idea of bitcoin in 2008 which is not at all similar to bitcoin but only one thing matches that is they are money. But bitcoin doesn't even looks like money because no one could ever touch, see our feel it is just a numeric number stored in computer and transferred within computer that's it.
There are several differences between bitcoin and real money. Bitcoin is a cryptocurrency, meaning a digital currency, that is used online. If you want to be able to use it offline you have to convert it real or traditional fiat currency that comes with a transaction fee.Traditional money may be easier to acquire offline but bitcoin has sa many other benefits right now. These are two currencies that has its own advantages and disadvantages.
sr. member
Activity: 523
Merit: 285
February 24, 2018, 09:26:31 AM
Idea of real money and bitcoin is completely different. Nakamoto had came up with the idea of bitcoin in 2008 which is not at all similar to bitcoin but only one thing matches that is they are money. But bitcoin doesn't even looks like money because no one could ever touch, see our feel it is just a numeric number stored in computer and transferred within computer that's it.
full member
Activity: 357
Merit: 102
February 24, 2018, 02:03:56 AM
There is a large difference between bitcoin and real money. We can use the cash as want and we can use it where we want. Bitcoins are not accepted everywhere. They can be used for purchase only where they are accepted.
word who are not known about bitcoin, as it has become world’s most popular currency, it is now accepted in several areas and people knows about bitcoin benefits so they are switching to bitcoin, it is digital age now and just after few years it will be need of the day to have digital currency to buy something I am not sure about it well as much as I know now there are just a few percent of people are there in the, or the goods we need so people are getting modern and facilitated so for me having bitcoin is an honor indeed. Cash is going to be very lessen in use and now people are converting cash into bitcoin as they know the importance of bitcoin.
member
Activity: 182
Merit: 10
February 22, 2018, 05:50:58 PM
Bitcoin is an independent, advanced currency that can be used both as a means of payment and as a method of investment. Real money does not have such advantages and will never have. That is why people are increasingly choosing bitcoin.
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