Topic: Difference between Bitcoin and real money? - page 31. (Read 114886 times)
The big difference is that you dont need to physically hold bitcoin and you dont need to physically hand over bitcoin when you do payment transaction. While physical money could deteriorate and could be torn apart, bitcoin escapes all those degradation. But the physical money dont change its value 20% in a day and is stable, while bitcoin price is so volatile it could change its value in a blink of an eye.
The difference between bitcoin and real money? Real money does not increase it value if just hold it on you wallet, but btc increase.
Deifference between bitccoin and real money?
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country. Money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. And Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.
That is why many people now sticking to bitcoin because of the advantages on it. Like paying bills without cashing out a real money.
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country. Money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. And Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.
That is why many people now sticking to bitcoin because of the advantages on it. Like paying bills without cashing out a real money.
The biggest difference in my eyes is the fixed supply, mainly because I am not totally buying the own your money thing. I mean today you own your money with btc, but no one can promise that in a couple of years we will not end up with bitcoin banks loaning people and offering interests in order for you to deposit your coins. And there goes decentralization.
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 is,the real money that we use is when we go to one country we need to convert it in thier currency we need more effort or time just to convert it but if we use bitcoin many country has accept bitcoin as a international currency so it is easy to transact we don't need to convert it. 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 between bitcoin and real money is that Bitcoin is a cryptocurrency, decentralized and not controlled by the government, and real money is a financial market under the government's coordination and control.
In my idea Bitcoin is a virtual currency it has no physical form it doesn't even exist in a form as physical monopoly money,it can be bought over the internet as well as it can be used to purchase items from different online businesses.Real money is run by a government and banks a centralized system base on transfer takes days to transfer money.
The difference between bitcoin and real money is that bitcoin is a decentralized cryptocurrency used in online trading and you can keep or store it in a long time with its value is getting high as time passes by, there are a lot of variations between bitcoin and real money. Real money belongs to our traditional transaction and the main thing is that real money is not decentralized, it can be controlled by authorities or government.
There are many differences of bitcoin and real money. Bitcoin is a really efficient one you can bring them anywhere anytime you can pay bills buy anything sitting in your couch all day.the problem in there are limited stores that accept bitcoin.money will be accepted anywhere, its money.money is so good,it used in all over the world. In other side bitcoin price are always increasing. But money is always easy for everyone. You can used it in sopping, food, house etc.
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 the most prominent feature at the momentIf 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?
1, rare
2, fast transaction pickup worldwide
3, the lack of effective financial monitoring = low transaction fees
4, 24 hours opening of the exchange, real-time exchange of fast transactions
Compared with real money, bitcoin is worthless at first. It is a kind of supranational currency, uncontrolled and unsafe. The advantage is that it is devalued without inflation.
It's physical and nonphysical, that's all
There are many differences of btc and real money.We can't touch but we can use it online as alternative.real money can buy anything in anytime by anywhere.............
One stand out feature of Bitcoin from any currency is its value. It can be just enough for you to more than what has been expected value. Btc value changes from time to time but the value of it is most of the time more than what you have initially invested. To get the best value out of bitcoin, always observe first before doing any actions on your investments.
The main difference is that the real currency is accepted by most people, because shopping requires the use of real money, but bitcoin is now used in real life is very small, so the bitcoin revolution has a very long period of transition.
Bitcoin is not private enough. It was supposed to be, but didn't work out that way. Also, the volatility is too much, transaction times are getting too long, and the fees are getting too high for small amounts. There are more efficient coins that can be used.
Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.while the other one is the physical version.
In my opinion, Bitcoin is the real money. Some of the basic differences is that Bitcoin is decentralized and backed by blockchain technology, that is, it is backed by mathematics and cryptography, while fiat currency is backed by centralized governments. There was a time when fiat currency was backed by gold, but these times are gone.
Bitcoin and real money is both currencies but they are different in platform.Bitcoin is a crytocurrency used mostly in digital world and real money is a fiat a physical money
Through online, bitcoin represents as a money. the difference of bitcoin to a real money is in bitcoin you are convenient to buy or sell. you dont need to have a middleman. just buy it directly. In terms of holding your money i guess that bitcoin is better than real money because, bitcoin can raise the value of your money while holding it than holding your real money it doesnt change.
Bitcoin is digital currency which requires internet to transact while money can be use anywhere to purchase goods. Bitcoin is an investment where price varies in the market price. Money is more stable than bitcoin. Money is accepted wolrd wide while bitcoin is limited to some stores.
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