Topic: Difference between Bitcoin and real money? - page 40. (Read 114886 times)
Bitcoin is a digital currency, an investment based on Internet transactions, the real currency is the currency that can be traded directly equivalent.
Bitcoin eliminates some intermediaries,faster transactions and a way to keep your money yourself, safely.Regarded as virtual currency, people buy bitcoin is to make money.
It is simple as fiat or money is a centralized currency and the BTC and other cryptocurrency are decentralized currencies,it means there is no one manipulating its price we the users are responsible to their price actions.
many different bitcoins and real money. for example bitcoin is a digital currency, digital currency can be used transactions anytime and anywhere. while the real money can only be used / transaction around us.
real money - true value, centralized, governed by certain law
bitcoin - unregulated, value varies on supply and demand
bitcoin - unregulated, value varies on supply and demand
There is a lot of difference between Bitcoin and real cash. Cash is the acceptable medium of exchange, while Bitcoin is not. In order for us to spend our Bitcoin, we need to convert it first with cash. Though there are businesses who are accepting Bitcoin as payment, but they are only few.
The difference between these two subject is there value. The money is the most liquid, high security for possession and a legal tender which recognize by the government to use in all commercial transaction;
unlike bitcoin is a virtual currency which its value change and as the years goes by the market value is increases.
unlike bitcoin is a virtual currency which its value change and as the years goes by the market value is increases.
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!
There so many differences between digital money and physical money. One is that bitcoin is intangible and the real monry or physical money is not tangible. Second one is that bitcoin has a great value and can access through internet while real money's value depends on the world exchange. 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 think if bitcoin can use all people in the world without convert to the money's country.
BTC is decentralized currency also a digital asset which you cant touch or has no physical form while fiat is a physical asset than can be destroyed and regulated of few greedy people or organization,the reason why i am a pro cryptocurrency is because of its anonimity and privacy that we have in using it in every transaction we made.
I think the difference of bitcoin and real money is that bitcoin is a business and a job and it is where we ca earn money which is the real money.
I think you are just saying that since you are earning some good number through bitcoin, but we all know that bitcoin is not a business nor a job but it is the first and most expensive digital currency that is successfully made. I think what I like in bitcoin is it's anonymity, even though it is not that anonymous you may still have a hard time knowing whom address it is unlike on fiats.
There is a big difference between this opposites but in the end, they have similarities. Real money is supported by the government and it is highly centralized and banks are holding the most of the shares of all the FIAT in the world countries. Bitcoin started the wave of decentralization with the technology of the blockchain that is providing the anonymity to the users and the holders of this fascinating coin. All the main centralized currencies that are controlled by the central banks have small fluctuations on the charts that are close to the stable. On the other hand, Bitcoin offers the possibility of the high growth and accumulation of the holder's money if the holder is interested in the longtime investment. Also, the big fluctuations are providing the opportunity to the traders to gain the profit with the right choices of the trade at the right time.
I think the main difference is freedom and control of your own wealth, just imagine I have transact with Bitcoin this morning with ease and very low transaction cost, and also sure that my information will not be stored and used by anyone
One major advantage of physical cash is that it is private and anonymous, BTC isn't for practical purposes. Lack of privacy may lead to loss of liberty...
For its upward trend. Because it has been shown to be an intelligent investment and because you would buy money for money. Its difference in itself is the ease and time saved.
In my opinion, bitcoin is a cryptocurrency which is basically a digital currency, its currency is shaped and its storage is digital, whereas real money has a different physical form with bitcoins that have no physical form, money can actually be falsified but bitcoin can not be falsified.
In my opinion bitcoins is based on debt but real money is on debt within the actual currency.
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.
Yes thats true and I think real money is more stable than Bitcoin which rapidly fall its peice without any clue, I think they both have disadvantages and advantages which we can use acxording whats may be more effiecient. Bitcoin is better in terms of increasing profit and investments, while real money is better when small transaction comes less hassle to open your gadgets in public places, Bitcoin is better in terms of being profitable without having stable jobs, see several differences is present depends on the situation.
I think the difference of bitcoin and real money is that bitcoin is a business and a job and it is where we ca earn money which is the real money.
I think you are just saying that since you are earning some good number through bitcoin, but we all know that bitcoin is not a business nor a job but it is the first and most expensive digital currency that is successfully made. I think what I like in bitcoin is it's anonymity, even though it is not that anonymous you may still have a hard time knowing whom address it is unlike on fiats.
There have big difference, real money is in your pocket and in your account in bank and no risk to lose it but in bitcoin we can win and make good investment and also we can lose all our money that is the difference
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