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Topic: Difference between Bitcoin and real money? - page 56. (Read 114883 times)

member
Activity: 448
Merit: 11
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December 08, 2017, 05:52:10 AM
I Can't say if it's different cause they are connected to each other, May be disadvantage and advantage to each other..this is on my opinion ,maybe the value its self? without money BTC is worthless;but money without BTC is still money?, In terms of banking and investment BTC can get faster profit than money..
member
Activity: 224
Merit: 10
December 08, 2017, 05:43:58 AM
The difference between bitcoin and real money is that,bitcoin is a digital currency.You dont need to go in the stores,malls or any establishments just to pay your bills.While real money,u need physical appearance inorder to pay ur bills.
hero member
Activity: 2996
Merit: 580
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December 08, 2017, 05:39:41 AM
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 a digital and virtual currency that can only be found in the digital world, while the local currencies that are being used in every country is a normal currency only. Bitcoin is not stable, it's like an investment. While the real money's value or price is stable. For example, if you have $20 that will not move and it stays on $20 only. Bitcoin does not have a tax, the real money does. Bitcoin is decentralized, the real money is centralized. These are the few differences of bitcoin and the real money, I know that this is not enough but I hope that it still helps you.
member
Activity: 266
Merit: 16
December 08, 2017, 05:33:21 AM
Exactly, less taxes and more income! The defferent of bitcoin into real money are...
Bitcoin has a high value
Bitcoin is kind of crypto currency that is getting higher
Bitcoin is dominating the crypto currency because bitcoin is unbelievable price that has no one can surpass it.
member
Activity: 350
Merit: 10
December 08, 2017, 05:31:57 AM
The difference between bitcoin and money,very big!Bitcoin is an electronic currency and its equivalent was 21000000,and the money is physical currency(what money?)the paper,which can print all you want!!!!!!bitcoin is also anonymous,but the money is controlled by the States!!!!
member
Activity: 102
Merit: 10
December 08, 2017, 05:27:03 AM
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 quite easy to tell, it is the fact that money is not as volatile as our beloved coins which allows us to invest on it to earn a lot of money. Also, the ease in accessibility within the internet.
member
Activity: 224
Merit: 10
December 08, 2017, 05:26:24 AM
You will have to pay a transaction fee when you transfer to another account from your bank account. When transferring with Bitcoin, you do not have to pay for sending directly without interrupting anyone. It is not influenced by the economics of any country because it is not connected to the central bank of any country, so the fluctuations do not depend on any person or state.
member
Activity: 80
Merit: 11
December 08, 2017, 05:24:34 AM
Bitcoin is a virtual currency that can be moved like money around the world quickly and anonymously without the need for a central authority.Bitcoin is a is decentralized, meaning it is not aligned within one country and involves no banks where as in paper money we have a central authority which control all the transaction through out the world.
newbie
Activity: 48
Merit: 0
December 08, 2017, 05:20:33 AM
Bitcoin is a virtual currency that can be moved like money around the world quickly and anonymously without the need for a central authority.However, it has seen a stunning rally. Factors driving the rally include: political uncertainty making bitcoin a safe haven asset and recent legislation in Japan which allows retailers to accept bitcoin as a legal currency
full member
Activity: 350
Merit: 100
December 08, 2017, 05:17:28 AM
Difference between bitcoin and real money, Bitcoins are only found in digital world, It has no form and symbolized as numbers, Bitcoins has no definite value, its characteristic fluctuates from time to time. It is highly volatile. Unlike fiat currency are found in real world and has its form composed of paper. It is usually used by merchants to exchange goods and services.
newbie
Activity: 56
Merit: 0
December 08, 2017, 05:12:47 AM
Bitcoin is a peer-to-peer electronic payment system that operates as an independent currency. The constitution of Bitcoin is analysed by comparing the currency to each of these ideal types. It is argued that Bitcoin is commodity money without gold, fiat money without a state, and credit money without debt.
newbie
Activity: 154
Merit: 0
December 08, 2017, 05:10:57 AM
firstly money is fiat currency and Bitcoin is crypto and digital currency.secondly the BTC is only present on the virtual world, real money is everywhere  Tongue
jr. member
Activity: 350
Merit: 1
December 08, 2017, 04:40:53 AM
Several users has described the major difference that's the virtual usage. It cannot be used same as our fiat currency. It requires some basic understanding for using it as everything is linked to technology and internet. Real money is simple that even an uneducated man can use without difficulty.
newbie
Activity: 140
Merit: 0
December 08, 2017, 04:37:58 AM
There is not abundant on their distinction as a result of bitcoin  is another variety of cash and it's virtual and act or real is simply physical. They will each facilitate u.s in having money freedom if we all know a way to manage those 2 and if you are sensible enough on a way to use it them you will generate lots of financial gain from it.
full member
Activity: 336
Merit: 107
December 08, 2017, 04:35:08 AM
The difference of Bitcoin in real money? bitcoin is a kind of money that does not use paper. While fiat money uses paper to make it all profitable. And I also think Bitcoin is more secured than real money because bitcoin uses blockchain technology.
full member
Activity: 406
Merit: 100
December 08, 2017, 04:32:52 AM
There are many difference between bitcoin and real money, first bitcoin is a virtual money and have a decentralised system and not all people knows because if you have no knowledge on computer you will not know it. While real money have a centralised system and passed through generation to generation, almost all the people in the world know it because money runs the world. If one is removed then the world will have a big problem and everyone will be in trouble because we got used to it in our everyday life.
newbie
Activity: 101
Merit: 0
December 08, 2017, 04:30:37 AM
Bitcoin is certainly popular but I'm not sure that everyone will suddenly start using it instead of fiat, especially my grandparents..  Roll Eyes
sr. member
Activity: 547
Merit: 253
December 08, 2017, 04:12:20 AM
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?


In converting your fiats into bitcoin, i must suggest that you should find some legit persons that selling bitcoin. But nowadays, Scammers are everywhere. We cannot define if the person we've transacted is legitimate or not. Some stores also like 7-11 here in the Philippines are accepting Bitcoin. You can easily cash in to your Bitcoin wallet without hesitation.

In converting your Bitcoin into fiats, You can sell your bitcoins if you want to. If necessary or in case of emergency.
Fiats are centralized and Cryptocurrencies are not. Always remember that Bitcoin is volatile. We cannot predict how long the rate will increase and decrease.
newbie
Activity: 93
Merit: 0
December 08, 2017, 04:02:30 AM
Bitcoin is more and more popular now that is why it will be easy to buy share or stock by bitcoin in future while bitcoin price is stable.
member
Activity: 251
Merit: 10
December 08, 2017, 03:44:36 AM
the first of many you can not print but you go to a bank and you have to ask for permission to get your money aside you have to give explanations of where you got it from there is a financial crisis you lose your money in bitcoin does not happen that you have to the time you want the amount you want and nobody asks you for explanations of anything
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