Difference between Bitcoin and real money? - page 24.

ehrz22

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Quote from: Lingesh on February 01, 2018, 01:20:02 AM

@Bitcoin is the virtual currency, real money is physical currency.
@ bitcoin value will fluctuate but real money value is stable.
@bitcoin is banned by some countries.

Short, simple, but already explained the difference between bitcoin and real money. Yes, bitcoin is banned by some countries but not all, I think only few countries. I only heard US and China, is there any countries that banned bitcoin? I hope china and US will revise their laws and unban bitcoin, just make new laws to regulate it.

baydewant96

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I think there are a lot of differences between Bitcoin and currency, for example like this. If the currency of each country has its own currency, the price of each country's currency is different, while bitcoin around the world is the same price and is not owned by any country, Then, the currency can be controlled by a country with politics, if bitcoin is affected by the amount of market demand. if bitcoin market a lot of demand then the price soared, but if the market bitcoin decreased demand then the price will fall

anwar98

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Money is what we all use in our daily expenses/needs, it's value is through its face value while bitcoin has no value but only exchange value, means it is just like an imaginary since it is just digital currency. But, if you have them both you can use them anytime and also they have same function like can buy goods, can pay for bills.

Lingesh

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@Bitcoin is the virtual currency, real money is physical currency.
@ bitcoin value will fluctuate but real money value is stable.
@bitcoin is banned by some countries.

lunnatic

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COMBONetwork

The difference is very clear bitcoin is a virtual or digital currency and while real money is the original currency which use in around the world to transaction each other that can be used directly that each sheet of money has a value.

joeycoin

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You can touch the cash but you can't bitcoin Undecided

Ampong2121

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There are differences between bitcoin and real money.Bitcoin can grow your real money if you invest it, and bitcoin is safer than banks. The advantage of real money is you can use it anywhere to buy things.

Harvey1960

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Bitcoin can be send anywhere in the world from one bitcoin wallet to another bitcoin wallet directly while money need a third party to be transfered anywhere in the world.Gold would be compared with bitcoin in this regard, still gold is just a medium of exchange not a currency. Interestingly this difference is adding an advantage to bitcoin system and not talking about any extra feature of currencies.

Matthew1968

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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,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

Jaxon1234

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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.

Luca.Luca

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I do believe the big advantage its the freedom to use and invest your bitcoins anywhere anytime, something those casinos cant manage to do or banks system doesnt allow,you will earn from it especially if the price of Bitcoins go rise up. 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.

Granslam

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There are many striking differences between cryptocurrencies in general with real money. an example is of course, the most obvious one, bitcoin is digitally-made while real money is tangible. cryptocurrencies have a high volatility rate while tangible currencies have a stable value.

MeongElek

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"simply getting the job done"

The difference lies in the form, but the same function is for legitimate transactions. Bitcoin is a digital currency whose use depends on the internet network, so if you connect to the internet you can use digital currency (bitcoin). While real currency does not use internet network for transaction activity. Bitcoin prices always go up every year. So many investors are investing in bitcoin, although some say bitcoin is too risky compared to real currency. But I do not think so, In my mind is having bitcoin in wallet is more profitable than real currency.

Mordred

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Very interesing question. The difference between Bitcoins and real money is gigantic and it is yet beyond my knowledge but I can give you my insights about it. Bitcoin is a digital currency that means it is more transferable than fiat(real money) althroughout the world with no tax and third party programs that will interfere with the business. On the other hand fiat is a necessity in our current era it is non volatile and cannot be transfered easily throughout the world in just a matter of minutes.

lyndon30

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The difference between bitcoin and real money, Bitcoin is digital currency we can use it for only online transaction, And the real money I would say is a currency by which you can buy goods or anything online and offline.

sandaru

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Thare are lot of differences between bitcoin and fiat currencies.eventhough they sound currencies the the difference is big. When we consider fiat money you can buy anything what you want if you have enough money and storing fiat money is only a saving, that is not big deel. But in the case of bitcoin, it is a digital one and having very big technology behind it and you can store your bitcoin and you can buy some of things with it. It is actually, an investment rather than a saving

goldcoinminer

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Quote from: fishball on January 31, 2018, 09:39:45 PM

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?

Bitcoin is a virtual cryptocurrency just like other cryptocurrencies. It is being used to pay bitcoiners for their posting which helps promoting certain ads in a campaign. These bitcoins will eventually get converted in a real money. So, i think both of them are good yet bitcoin can change its value...either low or high. At least it is money afterwards.

Bitcoin is a cryptocurrency, other than bitcoin are called altcoins as it's in the mind of the people that bitcoin is the original or the king of all coins.
It's different from real money of course as real money is produce by the government using the centralized system, I believe bitcoin is more transparent
as it's decentralized and we can audit the system if we wish to.

alfstep

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Here I come! Again!

Quote from: Emerge on January 31, 2018, 07:21:52 PM

The big difference i can say about this is that we know exactly the total amount of bitcoin.

LOL simple answer yet very true indeed.
The value of money keeps on decreasing as the result of inflation, bank can print money more and more while bitcoin supply stay at 21m even e lot less because many people lose their private key Grin

Which makes bitcoin price will grow even higher in the future because there are more and more demands

Cool1

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BitCoin is the digital currency for how it works the newest digital peer-to-peer (p2p) that can be used for online buying and selling transactions. the entire system is based on chain block or blockchain. So starting from the issuance, the way transactions and records are all recorded in the network decentralized blockchain. If for real money is money in the form of physical issued by the bank.

Ms.sagittarian

newbie

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For me bitcoin is digital currency and you need to convert it first to real money while you don't need to convert real money coz it is that already.

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