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Topic: Difference between Bitcoin and real money? - page 19. (Read 114867 times)

member
Activity: 378
Merit: 10
February 22, 2018, 04:43:19 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?


Bitcoin

Bitcoins is a digital currency and it can be used just like credit cards if the online store has a payment method for cryptocurrency while fiat is a physical cash and is not also good for long term investment since the value is not growing as the time goes by.
Unfortunately now not everywhere it is possible to pay with bitcoins. You can't buy anything in my town. Only in large cities bitcoin exchange activities begin to develop. Must pass at least another 2-3 years. Undecided
full member
Activity: 252
Merit: 101
EMMARES – Email as you know it, will never be the
February 22, 2018, 04:40:57 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?

Bitcoin is a electronic cryptocurriencies It it a cashless no tax when you use for money transactions not just like the real paper money
newbie
Activity: 43
Merit: 0
February 22, 2018, 04:34:28 PM
I think the most different between Bitcoin and real money is the guaranty of Bitcoin, money can be printed by the goverments so it means they can easily make them but Bitcoin was make by solving the computational algorithm.
So it's not easy to create a Bitcoin and it will be limited in the future.
member
Activity: 308
Merit: 12
February 22, 2018, 04:31:05 PM
Besides the fact that real money is material and can be touched, and bitcoins exist only in numbers on the computer screen, there is another significant difference. Bitcoins allow you to earn very good money, but with the real currency is problematic.
member
Activity: 406
Merit: 11
February 22, 2018, 08:47:36 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 a lot of differences between a bitcoin and real money. One of them is bitcoin is decentralized while real money is centralized. Bitcoin is volatile and it's value changes from time to time while real money is not.
member
Activity: 165
Merit: 14
February 22, 2018, 08:32:07 AM
Basically, bitcoin is digital currency meaning you cant touch it physically and only transacted online. Without internet you cant transact using bitcoin. While real money is what our money looks like today. You can touch it physically. You can transact it whenever you like.
copper member
Activity: 294
Merit: 0
February 22, 2018, 07:44:39 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.
legendary
Activity: 1022
Merit: 1000
Blocklancer - Freelance on the Blockchain
February 22, 2018, 07:28:26 AM
Main difference is that bitcoin dont have physical form and money have. However bitcoin is more valued even from gold and as such represent quite danger to many bank systems. Many even try to ban it and some have done it. Many think that bitcoin is nothing and that it wont be worth anything and many who said this later regret saying this. Bitcoin is money like it or not.
hero member
Activity: 952
Merit: 500
February 21, 2018, 01:15:06 AM
Well the difference between bitcoin and real money is that we use Bitcoin we can use it though internet use it for buying things online, its like a money where youcan access every where, it ismore convenient than real money. However you cannot touch it by your naked hands, sinceit is stored in a btc wallet. While real money is can be touch feel by hands. That's my own opinion.  Smiley
There is digital money which was created by the government and bitcoin which uses the blockchain, there difference is that
bitcoin is decentralized and the transactions cannot be reverse and this is getting popular now as it's always called as investment to some people.
jr. member
Activity: 246
Merit: 2
February 20, 2018, 03:12:39 AM
 Well the difference between bitcoin and real money is that we use Bitcoin we can use it though internet use it for buying things online, its like a money where youcan access every where, it ismore convenient than real money. However you cannot touch it by your naked hands, sinceit is stored in a btc wallet. While real money is can be touch feel by hands. That's my own opinion.  Smiley
member
Activity: 96
Merit: 11
Cryptologist
February 20, 2018, 12:58:26 AM
Bitcoin is better that "real money", Bitcoin is money managed by a decentralised infrastructure that cannot be stopped by anybody. The only way Bitcoin can be stopped is if the entire world's power supply is cut (not even that I believe will work because there are a number of projects that run on clean energy nowadays).

So why is Bitcoin better than "real money"? With Bitcoin you'll be able to travel anywhere in the world and you will be able to shop with your BTC without any currency's being exchanged for the relevant country's fiat.

Instead of having numerous centralized banks managing the world's currencies Bitcoin is a "single currency" that can be used anywhere in the world.

Just my thoughts
member
Activity: 98
Merit: 13
February 20, 2018, 12:48:04 AM
The problem of real money is the value constantly decreases from time to time due to inflation.
Bitcoin is  decentralized digital currency. It has many advantages: high price, fast transaction to everywhere  worldwide whithout the third part, anonymous. Bitcoin is completely independent of governments and banks.
member
Activity: 308
Merit: 10
February 19, 2018, 11:40:42 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?


Bitcoin

Bitcoins is a digital currency and it can be used just like credit cards if the online store has a payment method for cryptocurrency while fiat is a physical cash and is not also good for long term investment since the value is not growing as the time goes by.
member
Activity: 241
Merit: 11
February 19, 2018, 10:56:52 PM
there are a lot of striking differences between bitcoin and real conventional money. the most obvious difference is that real money is tangible and bitcoin is not. but apart from this, there are other differences like value stability in which bitcoin has very low stability and conventional currency is stable. bitcoin is also considered as an asset while real money is considered as currency.
newbie
Activity: 22
Merit: 0
February 19, 2018, 09:41:03 PM
In practical matters the way Bitcoin has a big difference than real money, there are a lot of similarities between them as well. Bitcoin started the wave of decentralization with the technology of the blockchain that is providing the anonymity to the users and the holders of this fascinating coin. The big fluctuations are providing the opportunity to the traders to gain the profit with the right choices of the trade at the right time. On the other end Real money is supported by the government and it is highly centralized and banks are holding the most of the shares of all the FIAT in the world countries. All the main centralized currencies that are controlled by the central banks have small fluctuations on the charts that are close to the stable. On the contrary, Bitcoin offers the possibility of the high growth and accumulation of the holder's money if the holder is interested in the longtime investment. These are the differences and similarities between Bitcoin and real money.
legendary
Activity: 1596
Merit: 1034
February 19, 2018, 07:28:39 PM
The difference between bitcoin and real money is the wallet used by each of those currencies although I do not agree if bitcoin is said to be a currency because bitcoin is actually a digital asset. Of the different wallets used by each of these, we can see that bitcoin is more practical and simple than the purse that used real money that requires a large space to store it.
legendary
Activity: 3332
Merit: 3116
February 19, 2018, 01:16:41 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 dollars? What does bitcoin bring to the table that real $ don't, less taxes, more income?


There are many differences between BTC and, as you said, “real money”. In the first place, BTC was born under the idea of creating a new concept of economy, where the money was based directly on trust. Then, there is a money created by the people, and it has succeeded so much, now it is one of the principal assets in the whole worldwide economy.
Now, of course you can do all the stuff you describe with other “real money”, but, for instance, you will not be able to buy another cryptocurrency, as altcoins, for example.
If you take a look of the internet now, it has been changing really fast for the last 4 years: now, there is a whole complex economy inside the internet, ruled by crypto money.
I believe this is just the beginning for many and the top of the iceberg for others whose have been in the world of BTC since the very beginning.
Now, about one of your central questions, “Why would I convert my $ to bitcoins?”, I would say: do not do that. Maybe you can get into the BTC world just by learning how to produce your own here on the internet.

I encourage you just to look into what is going on with cryptocurrencies. Now, if it doesn’t passionate you, well, you are free of continue using “real money”, but I’m sure once you see all the things you can do on the internet with cryptocurrencies you will understand there is a whole and brave new world behind the concept of Bitcoin.
newbie
Activity: 102
Merit: 0
February 19, 2018, 06:13:44 AM
The difference between bitcoin and real money is not far. Real money can easily follow the bitcoin system.
sr. member
Activity: 742
Merit: 397
February 19, 2018, 05:35:54 AM
There are lots of difference between the two of them for starters bitcoin is decentralized while real money or Fiat is centralized,
Bitcoin is a currency in the internet while real money is from the government ,
Bitcoin has a huge potential that it's value could grow in a short period of time while paper money would take some time.
member
Activity: 224
Merit: 11
February 19, 2018, 03:45:32 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?

The difference of bitcoin and real money are bitcoin is high and low and also you cant hold because it is virtual money, real money is you can spend actual and the value is the same.  But bitcoin and real money are the same value to the people. 
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