Difference between Bitcoin and real money? - page 22.

Indai24

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Quote from: Nexjr14 on February 18, 2018, 01:29:21 AM

Bitcoin is the crypto currency or digital currency used for online transactions. The use of bitcoin must be connected to the internet network. And then real money is currency like dollar, fiat and other, its use do not have to connect to internet network.

In addition to that money is what we use for paying our liabilities while Bitcoin is a virtual currency it doesn't exist in a physical form. Bitcoin is not controlled by the government central bank unlike real money.

Nexjr14

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Bitcoin is the crypto currency or digital currency used for online transactions. The use of bitcoin must be connected to the internet network. And then real money is currency like dollar, fiat and other, its use do not have to connect to internet network.

lionjuvs08

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For me the difference between bitcoin and real money are, bitcoin can increase or decrease easily, bitcoin can bring any where you go with a big amount that you don't did in a real money because felt nervous all along where ever you may go. Also the uses of bitcoin that real money need more time before you use.

vinzon04295

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Quote from: ghost07 on February 17, 2018, 11:54:11 PM

bitcoin is a digital currency or a soft copy and real money is hardcopy that can be use in normal trading unlike bitcoin we can use only in internet related markets.

this is a great and a simple way to describe their difference

ghost07

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bitcoin is a digital currency or a soft copy and real money is hardcopy that can be use in normal trading unlike bitcoin we can use only in internet related markets.

Doni Ariyanto

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I think Bitcoin and real money are equally good, but both are very much different. BItcoin is the digital currency and local currency we need for everyday life, I'm sure some people in the forum would often exchange money from Bitcoin to Cash Money. So, I think those two things are mutually sustainable. cmiiw.

rxthree

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Bitcoin was created to be completely independent of governments and banks. It does have some regulation by some governments, so you could say that governments have some influence, but they don't control the amount in circulation or the value in a direct way. It is also a completely electronic form of money.

vinzon04295

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Quote from: cozytrade on February 17, 2018, 10:59:36 PM

Theres a lot of differences between bitcoin and a real money. Real money uses a lot of many country. But in bitcoin they are many netizens are not informed by it. Many countries is not legalized in bitcoin. But real money is accepted. Bitcoin value is unstable sometimes its fall rise. But many investor are happy if the bitcoin is rising. Kudos to bitcoin.

yes this is also the difference while real money has it's fixed value then bitcoin has no fix value it vary on the market

cozytrade

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Theres a lot of differences between bitcoin and a real money. Real money uses a lot of many country. But in bitcoin they are many netizens are not informed by it. Many countries is not legalized in bitcoin. But real money is accepted. Bitcoin value is unstable sometimes its fall rise. But many investor are happy if the bitcoin is rising. Kudos to bitcoin.

vinzon04295

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there are big difference with the Bitcoin and real money

lets drop it down.

Bitcoin was a digital currency and a virtual money so what is virtual money it is a currency used in the internet to purchase something it has no physical form you cannot touch it nor hold it.
while real money like USD and EURO you can hold it and has a physical form that can be exchange from people to people.

Spanopohlo

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I cant answer surely about all that questions but the one I can answer is for How it differ from other currencies/Fiat money. One of the reason is that of the security, it uses a code to decrypt your account making it very Secure both in transaction and the storage of it. Its really fast, effortless and relaxing to know that your cash is in the good HAnds. The only thing that will bother you, is who, what, where and when to invest that Coin. Also be careful of the Scam. Wink

KesoNie

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Quote from: tech72 on February 01, 2018, 09:49:45 AM

One is a legal tender issued by government and can't be denied as per government laws. Other isn't legal, and holds a value that is agreed upon by seller and buyer.

Yep they are different from the legalities in our society, aside from that real money is used in one country and cannot be used in another so you have to convert it into their currency when you are been here likewise in bitcoin since it is digital you need to convert it into fiat but you can used in many ways.

wareen

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Quote from: oppochain on February 06, 2018, 02:09:37 AM

Quote from: sungaiyangderas on February 01, 2018, 04:28:03 AM

in my opinion both are currency. Bitcoin is the digital currency and other local currency that we can buy. Because bitcoin is the digital currency, we can only buy goods online. We can go around and do more things online.

Bitcoin as a digital currency is mainly used to consume your investment online and can be transnational transactions, and cash is limited, the national currency is not universal in every country.

Dollar and Euro can use on many countries, you can exchange to the national currency depend what country you are staying or traveling. Of course, if compare Bitcoin to the FIAT about the popularity, FIAT is still popular than Bitcoin a lot.

Lannie25

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Bitcoin has a unique feature that its amount always fluctuates in the market unlike the money has a fix and stable amount.
The value of bitcoin increases as the time goes by and not subject in the threat of inflations which is a big help for the people.

oppochain

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Quote from: sungaiyangderas on February 01, 2018, 04:28:03 AM

in my opinion both are currency. Bitcoin is the digital currency and other local currency that we can buy. Because bitcoin is the digital currency, we can only buy goods online. We can go around and do more things online.

Bitcoin as a digital currency is mainly used to consume your investment online and can be transnational transactions, and cash is limited, the national currency is not universal in every country.

madgpt

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These two things are consider money in all commercial transaction. I think the big difference between the bitcoin and real money is the monetary value. Fiat money has a fix amount and will remain the same no matter what happens unlike in bitcoin every minute the market value is change so therefore in bitcoin you have a money and investment in just one currency.
There are numerous differences between dollars and bitcoin. Dollars are fiat money which is inflationary due to the banks printing as much of it as they like at any time they want. Bitcoin is the opposite and is fixed/deflationary

GoodSammy123

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I think the major difference is the mobility, cryptocurrency makes money more mobile and the fact that, in traditional banking system the chances of investment are limited but Bitcoin trading gives a widespectrum of investment opportunity.

vinz7229

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Quote from: Jaxon1234 on February 01, 2018, 12:11:54 AM

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. 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.

actually the one that we use in our daily life is what we call real money. real money is the one that we use to buy such as, groceries, fare, tuition fees etc. it is the primary commodity that usually use by individuals. it is also tangible and can print anytime anywhere, and also regulated by the government. while bitcoin is a virtual currency that needs internet to connection so that you can accomplish any of your transaction. it is also use to buy different alt coins to trade in and wait for your return of investment in return.

Zaarin

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Both are currencies. Bitcoin is a digital currency and add local currencies. we are using is all right currency considering which we can get or reach all dependence. As bitcoins is digital currency, we can by yourself shop or make a get of everything only online. we can shop on and get your hands on more things online. we can shop on and get your hands on more things online. but considering new local currencies, we can reach more / lot where sentient.

Kahoy01

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There are numerous differences that we can clearly see between cryptocurrencies such as bitcoins, dogecoins, etc. and tangible currency. The most obvious one is that cryptocurrencies are internet based and digital, while tangible money is bank-based and can be put in the pocket. Another is its value. Bitcoin has a very high value while tangible cash is somewhat on the average point. And lastly, bitcoin is highly volatile and has very high fluctuation rates while money is pretty much stable.

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