Topic: Difference between Bitcoin and real money? - page 35. (Read 114867 times)
Bitcoin have better qualities than fiat money system. You can use bitcoin as an investment by just holding it. It value may go higher unlike fiat money. The value of fiat money is centralized which is controlled by government so its value is just constant unlike bitcoin.
The difference between bitcoin in money is the money you have and you can pay when you buy something. but the bitcoin will wait for a few months before you can cash out. But consider how much cash you personally handle. You get a paycheck that you take to the bank – or it’s autodeposited without you even seeing the paper that it’s not printed on. You then use a debit card (or a checkbook, if you’re old school) to access those funds.
Money that is tangible has a stable value indicated in its print while Bitcoin is both a money and currency that changes depending on the market trends.
The difference of Real money in bitcoin are: real money can buy foods, cloth,cars and many more while bitcoin Is the currency inside the cyber world that you need to convert in real money before you can use to buy in the real world. Real money can pay transportation fair while bitcoin doesn't even if it has a higher value than real money.
the main difference is your money will lost value while in bitcoin your money will increasing day by day.
Bitcoin fast and security. real money need bank
Bitcoin fast and security. real money need bank
That's pretty much it in a nutshell. The US Petrodollar is losing dominance in the world while Bitcoin is gaining value globally. Also, since Bitcoin has a cap of 21 million, any amount you have will still have future value. Once the dollar dies, all those dollars will flood back to the US and will be worthless.
No one controls the bitcoin , it means no taxes and no one can monopolize it.
hero member
Activity: 672
Merit: 500
ADAMANT — the most secure and anonymous messenger
In my opinion the only difference between bitcoin or any crypto currencies and lets say the American dollars is that on is digital. They are both created and they both have value placed on them by the faith people are willing to pay and think they are worth. Now a dollar you can still use even if there is no internet or power.
The difference between bitcoin and real money is that bitcoin is considered as an asset because it can give profit by exchange while real money is just a tool or to acquire assets like bitcoin, altcoins etc.
the main difference is your money will lost value while in bitcoin your money will increasing day by day.
Bitcoin fast and security. real money need bank
Bitcoin fast and security. real money need bank
Lets start with the simplest answer, the difference between the two is bitcoin has a unpredictable prices it can go up or down that's why it's good for investment because if the price go down you can buy it for a cheap price and then sell it once the price goes up, it's simply a buy and sell concept.
And the transaction rates are cheap, not like in banks and stuff bitcoin offers cheap transactions if you exchange it with other currency usually you get it with no deductions unlike going to a money changer.
The other good thing about it is it keeps you anonymous, it is secured, and it's fast it's easy, creating a virtual wallet is very easy
and it is accessible to everyone. Bitcoins are not owned buy the government or any single entity, which means you can't control it.
In terms of gambling I don't have any experience in those yet,
And the transaction rates are cheap, not like in banks and stuff bitcoin offers cheap transactions if you exchange it with other currency usually you get it with no deductions unlike going to a money changer.
The other good thing about it is it keeps you anonymous, it is secured, and it's fast it's easy, creating a virtual wallet is very easy
and it is accessible to everyone. Bitcoins are not owned buy the government or any single entity, which means you can't control it.
In terms of gambling I don't have any experience in those yet,
there has many difference between Bitcoin and real money, there is the value of it, we all know that in the value there has a big difference between the bitcoin and the real monet, bitcoin have a high amount of value rather than real money and also bitcoin is uses as cyber money or what we called cryptocurrency.
Bitcoin has a big difference in real money, for example the value of bitcoin vs the value of real money.
We know that the value of bitcoin is greater than the value of real monet. It is just one example of the differences of this two.
We know that the value of bitcoin is greater than the value of real monet. It is just one example of the differences of this two.
Bitcoin is a digital cash not own by central banks or governments while Physical cash or real money is printed by our government and they control the circulation.
The difference, I believe everyone know about the fiat or real currency, Fiat have no need to explanation. But about bitcoin, So bitcoin is a crypto currency, and if we use the word of online currency than it is better, Otherwise the difference between bitcoin and real money, So many and many differences are here with each other, but in short, both are currency and both same way to get us facilitate, but real currency have no problem to use it, and the bitcoin, only a few countries and few people know about it.
Bitcoin is a virtual form of currency, a cryptocurrency which is decentralized. It is powered by internet. The government has no controll in every transaction that happens in bitcoin, that is why t is tax-free. While real money has its physical nature, it has shape and color. It is centralized. It is controlled back by the government and everytime we spend it, there is always a tax.
For me, the difference between bitcoin and real money is on the quality and the value. The quality of bitcoin is only using by digital transaction using gadget's to gadget's and also about the value of bitcoin is more bigger than any money. Bitcoin having high value today compared to any kind of money. But the difference between bitcoin and money is that, the money legally used in different countries but bitcoin is not legally endorse by government.
Bitcoin isn't created out of thin air as normal currency is. And only a finite amount of bitcoin will be available. Bitcoin is a cryptocurrency that isn't regulated by any government unlike normal currency.
I think the biggest difference between Bitcoin and real money is that you can pay for any online good or service by Bitcoin with just a click, while you cant do that with real money.
When you mention real money, you also talk about paypal, this service allows us to buy goods and services with just one click.
The difference, I believe everyone know about the fiat or real currency, Fiat have no need to explanation. But about bitcoin, So bitcoin is a crypto currency, and if we use the word of online currency than it is better, Otherwise the difference between bitcoin and real money, So many and many differences are here with each other, but in short, both are currency and both same way to get us facilitate, but real currency have no problem to use it, and the bitcoin, only a few countries and few people know about it.
Bitcoin is a virtual form of currency, a cryptocurrency which is decentralized. It is powered by internet. The government has no controll in every transaction that happens in bitcoin, that is why t is tax-free. While real money has its physical nature, it has shape and color. It is centralized. It is controlled back by the government and everytime we spend it, there is always a tax.
bitcoin is digital currency, when we use it we need internet. invest, trading we use it from internet.
According to Falcon, a Swiss bank based in Zurich, new and existing private banking clients will be able to trade their own cryptocurrencies for fiat, not to mention a cryptocurrency wealth management product. Its clients can use their fiat accounts to buy and hold Bitcoin. Furthermore, at the bank’s headquarters in Zurich, there is a Bitcoin ATM installed in the lobby as a way of giving public access to private cryptocurrency accounts.
The bank says it will offer its clients a cryptocurrency wealth management processes that are compliant KYC laws and anti-money laundering regulations - it is already gaining the support of the government, considering that the arrangement between the private bank and the cryptocurrency exchange saw the approval of Swiss regulatory bodies: Crypto Wealth Management Service Launched By Falcon Private Bank
The bank says it will offer its clients a cryptocurrency wealth management processes that are compliant KYC laws and anti-money laundering regulations - it is already gaining the support of the government, considering that the arrangement between the private bank and the cryptocurrency exchange saw the approval of Swiss regulatory bodies: Crypto Wealth Management Service Launched By Falcon Private Bank
Jump to: