Difference between Bitcoin and real money? - page 29.

Potchi

full member

Activity: 191

Merit: 100

Quote from: teamcryptonator on November 24, 2017, 04:48:18 PM

Quote from: w33man on November 24, 2017, 06:32:38 AM

Quote from: crst on September 10, 2016, 02:13:57 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?

It is true that money and bitcoin are both capable of using for transactions such as payment. But, the biggest difference between them is the value. The value of money changes as well but not as great as bitcoin. Both can be used for investments, however, the effectivity of investing is more stronger in bitcoin.

The value of FIAT can changes but it is depend on the economy of country more than the investors. Unlike FIAT, the price of cryptocurrency depend on the investors, as Gold is a rare asset, Bitcoin is also has high value by its limits supply and the nature of Bitcoin attracted a lot of investors interested.

I agree about it. Th evalue of fiat money depends on the country's economy while bitcoin's value changes every second and every day. The good thing about bitcoin is that it depends on how many investors are investing in it that is why more people tend to invest in it because it keeps on increasing while fiat money depends on the whole system of a country's economy.

sajjad100

jr. member

Activity: 101

Merit: 1

Coin Hunter

Very amazing question. I have to give you credit for that. There are many differences between bitcoin and real money. The main differences are: we can use bitcoin in online more easily than real money. Real money needs to convert into online currencies or need to enter into e-wallets. But bitcoin saves us from that type of work. Besides in my country, we don't have to pay taxes for bitcoin but we have to pay a high rate of taxes for real money.

daarul50

legendary

Activity: 1596

Merit: 1034

Very clearly different because bitcoin I think is not money but assets that have a price while real money is a currency that clearly has the price of each sheet or puck. Many people are wrong because it has been assumed that bitcoin is a currency in the form of digital when in fact bitcoin is a valuable digital asset and has a price so maybe from that price, many people consider bitcoin is the currency. I myself assume that bitcoin is just as much as goods that have prices like gold, silver, copper, oil, and so on. The other difference is with the goods we can invest against it whereas if we have the money then its value will remain as before without any advantage if hold it for some time longer.

Perseusallen

full member

Activity: 196

Merit: 101

bitcoin is a non tangible matter and money is tangible. in short you can hold you money on your hand and bitcoin was not it.many people are arguing in those two things. they thinking what is better for those old and wise. they think that it is better to use this tangible currency and bitcoin or other crypto was not.

Sand King

full member

Activity: 462

Merit: 100

Quote from: Naurah03 on January 27, 2018, 12:55:42 AM

Actually there are many differences of bitcoin and real money.. bitcoin is a digital currency which can use to purchase anything in online shop. Also you can invest in bitcoin that the price is always grow up.

The differences between bitcoin and real money is the real money can really use everywhere in this world, and real money is all peoples need in this world to survive in therendaily lives, and the bitcoins value is totally increasing unlike on the value of the paper or a real money.

Naurah03

newbie

Activity: 108

Merit: 0

Actually there are many differences of bitcoin and real money.. bitcoin is a digital currency which can use to purchase anything in online shop. Also you can invest in bitcoin that the price is always grow up.

qtypatuty

member

Activity: 144

Merit: 10

Bitcoin is a currency that is not controlled by any branch of government. Unlike money, bitcoin only has a definite amount and these amounts, whether plenty or not, determine's it's value being high or low, so bitcoin is very volatile. Money could be created by the government and it will control the economy of the country.

eldharwp

newbie

Activity: 29

Merit: 0

bitcoin can be an asset and a currency at the same time, if you look at a $ what you can buy with it is lessen now compared to what you can buy with a $ in 1980. the value of $ is down by the year. bitcoin value goes up year by year, in my opinion if we invest in bitcoin in longterm, it's value can still goes up. beside that it can be a payment method in a lot of country, maybe one day all of the country will use it.

dashchain

member

Activity: 108

Merit: 14

Quote from: densuj on September 10, 2016, 02:29:51 PM

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.

Is that bitcoin does not have the trust behind his country or team, but behind every country's legal currency is the trust of the state and the bank. If your money is lost or robbed in the bank, the state and the bank Help get them back, but bitcoin does not exist, and once your private key is lost to you, you will completely lose your bitcoin

Jiddyyy

newbie

Activity: 77

Merit: 0

Quote from: Bitcoinsummoner on September 10, 2016, 02:30:39 PM

There are many differences of bitcoin and real money.. bitcoin you can use it online as alternative real money you can buy anytime there.. in bitcoins you should have too because many other will exchange it fast and instanly in our place.

Both bitcoin and money can be used as medium of exchange. But there are some differences between the two. The first ine is real money which is all of us is familiar and need it to pay our personal needs as well as daily needs. While bitcoin can also a mediun to pat the both needs but since bitcoin is currency you will convert it in your country's currency. And also, the advantage of bitcoin in money is that bitcoin can increase its value while money is stable at its own price.

zhelis74

full member

Activity: 510

Merit: 102

Quote from: tlkchain on January 26, 2018, 11:33:01 PM

Quote from: densuj on September 10, 2016, 02:29:51 PM

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.

Bitcoin can jump out of the geo-ring, using the exchange bidding trading means, for its relationship with the legal tender can not be "exchange rate" to understand, but should be understood as "price." Conversely, the creation of bitcoin exchanges is in fact only a means by which geeks disseminate values to the public, and by the way it becomes a cash-off place for geeks.

Yes, they are both used as medium of exchange but they really differ on the way of using but still they are interconnected to each other because mostly of the btc earner have to convert the own btc into their local real money. So the big difference of the two is bitcoin is a crypto or digital currency while real money is the official money issued by every country.

jonas5222000

member

Activity: 476

Merit: 10

Student Coin

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.

tlkchain

full member

Activity: 186

Merit: 100

Quote from: densuj on September 10, 2016, 02:29:51 PM

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.

Bitcoin can jump out of the geo-ring, using the exchange bidding trading means, for its relationship with the legal tender can not be "exchange rate" to understand, but should be understood as "price." Conversely, the creation of bitcoin exchanges is in fact only a means by which geeks disseminate values to the public, and by the way it becomes a cash-off place for geeks.

Estreal

jr. member

Activity: 57

Merit: 2

Firstly is the medium of exchange :Bitcoin uses digital ,real money uses physical way of exchange.
Secondly, is the supply: Bitcoin has limited supply while real money is unlimited and the government prints more when needed.
Also,Bitcoin is decentralized and not controlled by one entity or government while real money is controlled by laws and banks.
Lastly, Bitcoin is issued by computers while real money is issued by the government.

jona

member

Activity: 266

Merit: 10

The different between Bitcoin and real money is that bitcoin can not be felt in a hard form,while real money can be felt but both have the value of money.

caloy06

full member

Activity: 210

Merit: 101

I think the difference of bitcoin and real money is bitcoin is a cryptocurrrency coin and the real money is issued by the government in itself.Bitcoin cannot touch in real because bitcoin it is a coin or a money you can see in the coin wallet and bitcoin you can see if rise up or down value.Real money you can touch in real because government provided to us if you have work and you can get a real money for your compensation.

Hakmolan

newbie

Activity: 8

Merit: 0

Quote from: unamis76 on September 10, 2016, 02:20:43 PM

Quote from: crst on September 10, 2016, 02:13:57 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?

To escape from the traditional banking system.

Quote from: crst on September 10, 2016, 02:13:57 PM

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?

See above

Quote from: crst on September 10, 2016, 02:13:57 PM

If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?

Not sure here, but maybe Bitcoin because Bitcoin deposits are faster.

Quote from: crst on September 10, 2016, 02:13:57 PM

What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

Taxes depend on your country. You don't get more or less income with Bitcoin. You get freedom, faster transactions and a way to keep your money yourself, safely.

Real Money is the cash you hold in your hand but bitcoin is and eletronic base meduim of exchange that is exchange only online

Ridwan.P

full member

Activity: 411

Merit: 101

so much difference between bitcoin and dollar. and you should know that already. that bitcoin is the digital currency. while the dollar is the currency of a country. there are still many countries that make the dollar as a legitimate means of exchange in a country. in contrast to the bitcoin that only a few countries that legalize bitcoin. and if you want to gamble using dollars, then you only get a little profit, because the dollar price will not rise as fast as bitcoin prices. whereas if you gamble with bitcoin, you benefit from the gamble + gain from the bitcoin price yourself if you hold bitcoin in a few months. because bitcoin prices will continue to rise.

nthnode404

member

Activity: 126

Merit: 10

Everything I say is in My Opinion Only!

United States Constitution: Article I, Section 10, Clause 1

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

Looks pretty clear to what real money is supposed to be. Honest weights and measures, not fiat currency backed by nothing, but the "full faith and confidence" of a government.

lani123lani

member

Activity: 719

Merit: 10

ORBIS PLATFORM

Bitcoin and money are equally useful as currency, having value that everyday needs can use. The difference in bitcoin is a crypto coin while real money is issued by the government itself

Topic: Difference between Bitcoin and real money? - page 29. (Read 114814 times)