Topic: Difference between Bitcoin and real money? - page 28. (Read 114867 times)
Fiat currency is not real money. Real money is gold and silver. Everything else is credit or debt. When paper is printed to infinity, you have more worthless paper by the day.
If you save bitcoin you can get a profit , because bitcoin is increasing fast
but if you save your money they depend on inflation of price, especially in my country.
but if you save your money they depend on inflation of price, especially in my country.
I think there are so many differences between BINCOIN and real money:
bitcoin:
1. virtual money.
2. unconventional
3. not a valid payment instrument
real money
1. real
2. conventional
3. valid payment instruments
so my income on the difference of bitcoin with real money, may be useful .......
bitcoin:
1. virtual money.
2. unconventional
3. not a valid payment instrument
real money
1. real
2. conventional
3. valid payment instruments
so my income on the difference of bitcoin with real money, may be useful .......
There are many striking differences between bitcoins and real money, but I will only bring down three. First of all and the most obvious, unlike cash, bitcoin is not tangible and only exists in the internet. second, it is decentralized, no bank is controlling it although its amount is regulated, and lastly, its value. unlike any other tangible currency, bitcoin's value is very high unlike the conventional tangible currency.
The difference between two is bitcoin, Bitcoin Bitcoin is getting on the internet because there are companies with get a salary like real money but bitcoin can not touching and real money they are touching because in this world very important is fiat money everyday we need it at a cost.
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?
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?
if you invest in bitcoin I think your choice is correct, whereas the difference between bitcoin and conventional money is bitcoin is a crypto currency whose transactions for now can only be done if there is an internet connection or only exist in virtual world, but bitcoin can be converted into real currency, the way transactions are very transparent bitcoin
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.
There are several differences between the two. Fiat or real money can be used whether online or offline while bitcoin can be used in online only. Bitcoin is fluctuative while fiat is not that is why bitcoin is better in terms of investment. And just like what have you said money is recognize by the government while bitcoin is a threat in othet country. Welcome to Bitcoin and to the Forum!
The questions you're asking are great ones. However, they're also questions that you can find answers to REALLY easily on this forum or Google. I'd encourage you to do some reading here and then come up with some more specific questions.
I can help get you started with some simple answers.
Why would I invest in bitcoin? All sorts of reasons ranging from pure curiosity to love of new technology to investment diversification. Bitcoin is used as currency to buy things and as a store of value, i.e., a place to house your savings with hopes of value appreciation or hedging against the depreciation of stocks or savings held in fiat currency. One example often used is that of Cyprus. Are you familiar with the country of Cyprus and it's severe monetary crisis from a few years back? It was so bad that the Cyprus government controlled how much money their citizens could take out of their banks. Think about that. That government telling you that you can't access your very own money! How scary is that? Bitcoin offers an alternative. No government (currently) can seize control of your bitcoin, this represents safety and security.
What's the difference between bitcoin and dollars? Bitcoin isn't regulated by any government. It isn't created "out of thin air" as fiat currency is. There will only ever be a finite amount of bitcoin, which controls it's value. Once all bitcoin is mined there will be 21 million in existence, that's it. No one can ever create more (as is done every year with fiat currency). When fiat currency is created by central banks they reduce the value of the existing currency in the market, which results in inflation of prices. This is why the price of every day things (that haven't changed in 50 years, like groceries or utilities) have gone up in price over time. There's a lot of other differences, but it's better for you to read up on them.
Why would I gamble with bitcoin? I don't, but if you want to you can gamble for significantly smaller portions of money (like cents as opposed to dollars or tens of dollars). And you can do it from the convenience of your computer.
Here are a few links for you to explore:
Feel free to respond with other questions. I think you'll get better response if you educate yourself a bit first and then come back with more specific questions.
Have you bought any bitcoin yet? Do you have a wallet yet? (If you don't, PM me and I'll set you up and give you some bitcoin)
Good luck to you!
You deserve a merit for this educative post, just to add to what you have said bitcoin is an investment just like every other investment e.g real estate and gold oil bitcoin has the capacity to triple your initial capital if demand get high and price rise. But you can get that from you $ saving in the traditional government controlled banks, bitcoin offer you a secondary currency which can be use for online payments. The questions you're asking are great ones. However, they're also questions that you can find answers to REALLY easily on this forum or Google. I'd encourage you to do some reading here and then come up with some more specific questions.
I can help get you started with some simple answers.
Why would I invest in bitcoin? All sorts of reasons ranging from pure curiosity to love of new technology to investment diversification. Bitcoin is used as currency to buy things and as a store of value, i.e., a place to house your savings with hopes of value appreciation or hedging against the depreciation of stocks or savings held in fiat currency. One example often used is that of Cyprus. Are you familiar with the country of Cyprus and it's severe monetary crisis from a few years back? It was so bad that the Cyprus government controlled how much money their citizens could take out of their banks. Think about that. That government telling you that you can't access your very own money! How scary is that? Bitcoin offers an alternative. No government (currently) can seize control of your bitcoin, this represents safety and security.
What's the difference between bitcoin and dollars? Bitcoin isn't regulated by any government. It isn't created "out of thin air" as fiat currency is. There will only ever be a finite amount of bitcoin, which controls it's value. Once all bitcoin is mined there will be 21 million in existence, that's it. No one can ever create more (as is done every year with fiat currency). When fiat currency is created by central banks they reduce the value of the existing currency in the market, which results in inflation of prices. This is why the price of every day things (that haven't changed in 50 years, like groceries or utilities) have gone up in price over time. There's a lot of other differences, but it's better for you to read up on them.
Why would I gamble with bitcoin? I don't, but if you want to you can gamble for significantly smaller portions of money (like cents as opposed to dollars or tens of dollars). And you can do it from the convenience of your computer.
Here are a few links for you to explore:
- New To Bitcoin Thread: https://bitcointalksearch.org/topic/new-to-bitcoin-start-here-7269
- Why use Bitcoin? From Coindesk.com: http://www.coindesk.com/information/why-use-bitcoin/
Feel free to respond with other questions. I think you'll get better response if you educate yourself a bit first and then come back with more specific questions.
Have you bought any bitcoin yet? Do you have a wallet yet? (If you don't, PM me and I'll set you up and give you some bitcoin)
Good luck to you!
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?
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?
yes of course different between bitcoin with conventional money, if bitcoin value or price there is no interference from government policy and circulation bitcoin very transparent so that we can know how much bitcoin at this time, bitcoin tend to deflation differ from conventional currency
The first difference is of their existence - Real money is in existence since decades, while Bitcoin is just a couple of years old. The real money is in hard physical shape, while Bitcoin is a crypto currency.
With real money, you can survive anywhere in the world, but for Bitcoin, you have to have the net connection.
Reals money is easy to exchange, bitcoin is not easily exchangeable in the open market, first you need to convert in US$ then further you can take out money.
I do not think Reals money is easy to exchange, Reals money is easy to be worn out and easy to be fake, it is easy to cause trader's loss. And digital currency will be the future currency development trend. Nowadays, with the development of science and technology, digital currency is more and more common, Bitcoin is more advantageous than real money. With real money, you can survive anywhere in the world, but for Bitcoin, you have to have the net connection.
Reals money is easy to exchange, bitcoin is not easily exchangeable in the open market, first you need to convert in US$ then further you can take out money.
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.
The first difference is of their existence - Real money is in existence since decades, while Bitcoin is just a couple of years old. The real money is in hard physical shape, while Bitcoin is a crypto currency.
With real money, you can survive anywhere in the world, but for Bitcoin, you have to have the net connection.
Reals money is easy to exchange, bitcoin is not easily exchangeable in the open market, first you need to convert in US$ then further you can take out money.
With real money, you can survive anywhere in the world, but for Bitcoin, you have to have the net connection.
Reals money is easy to exchange, bitcoin is not easily exchangeable in the open market, first you need to convert in US$ then further you can take out money.
The fundamental difference between digital currency and real currency is from the form of money, the other difference is the use of both the currency itself, in which digital currency is usually used for online transactions, but this currency can also be converted into real currency, while the eyes real money is used for the day-to-day needs of transactions where we live, and real money can also be converted into digital currency (Bitcoin).
For me the difference between bitcoin and real money is ,real money you can only use it in personal needs and life and bitcoin is you can buy trough online and if you stock your bitcoin your money can be increase as the investor and holders increased so the bitcoin has a big diferrent compare to real money.
Unlike traditional currencies, bitcoin is digital. You can use it to buy things or invest. But, as Campbell Harvey, a professor of finance at the Dover School of Finance at Duke University, puts it: "Bitcoin does not have physical coins."
You don't know how money works. None of us do. We were born and were taught that money helps you survive. But it was never taught to us how money actually functions. Why certain price fluctuations happen. Why there is a difference in countries' currencies. Which transactions are legal and which are not. Is someone faking a transaction. All of this is not in the open. But with Bitcoin, everything is out in the open. There are no central bodies in control of money and finance. Everybody knows what happens with your money. No cheating, lying or manipulating. Financial freedom.
That's the difference.
That's the difference.
Bitcoin needs internet to transact. If you have internet you can't use bitcoin because internet is main source of bitcoin. In fiat currency we use papers and plastic and it's tangible. It can transact with or without internet. And many peole don't know much about bitcoin.
I think, bitcoin has something the Fiat currency does not have and it is frequent volatility. Its one of the reason why you need to invest or not in Bitcoin, depending on your perspective. In volatility traders will automatically love it because they know when to buy and sell. But if it is not your type of risk them definitely Bitcoin investing is not for you.
paper money is a traditional use of all country govern using for the payment transaction such a buying food or averythings
some types of money government saying accept it as payment for debt specially the most common use of the the world base on the market exchange is the USD, bitcoin is also a type of money in the virtual cryptocurrency matching the value based on usd price value the difference betwwen real money and bitcoin is the price expensively bitcoin price more than the gold price very too expensive than real money.
some types of money government saying accept it as payment for debt specially the most common use of the the world base on the market exchange is the USD, bitcoin is also a type of money in the virtual cryptocurrency matching the value based on usd price value the difference betwwen real money and bitcoin is the price expensively bitcoin price more than the gold price very too expensive than real money.
bitcoin is a way to earn money by investing or working ways that can produce a coin not with a form of real money but this time can be money by selling it, unlike with real money by getting it only need work all day later the money is liquid and can be thank that's the difference.
Bitcoin is a digitized cryptocurrency. Yes it is a form of money but can only used through online transactions. It is a good way of using it specially when your sending money to other person while real money is a form of cash that can be used to pay for any transactions excluding digitized. We can hold the real money in our hands and we can spend it without the presence of internet.
Yes, bitcoin is a digital cryptocurrency. Using it to send money anywhere and to anyone, but nowadays, real money can be send in many ways now and is very accessible to send too, just like bitcoin. I think the difference between real money and bitcoin is still undistinguished. The thing that is clear now is bitcoin can be turned into real money. This is one of the reasons why many people engaged here in bitcoin, because they can turn their bitcoin into real money.
Yes one of them pysical one of them digital but I think most important diffrent is that bitcoin means new world and other world technology. Bitcoin means everything is in the digital technologies.
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