Topic: Difference between Bitcoin and real money? - page 57. (Read 114848 times)
In my opinion,Bitcoin and real money are two difference topics. One is online based virtual money system and the other is cash money system which everybody can see and able to touch by hand.There are many difference here,I think,this reason is main difference between Bitcoin and real money.
Bitcoin is not regulated or bound by the bank. While the real money associated with the bank and also set by the government. Bitcoin has not been set by the government and there is no legality yet. Bitcoin is also decentralized
Bitcoin is electronic money while real money is a physical,you can feel and touch it.
Real money exists, you can touch it, you can do whatever you want with it.
However, it's almost unreal to stay anonymous when it comes to real cash. BTC, providing you anonymity.
However, it's almost unreal to stay anonymous when it comes to real cash. BTC, providing you anonymity.
I also thought that the stock and bit coin are the same, but when you get information about the bit coin, you can see that it is a bit different. I can not say which is better. It depends on your judgment.
The difference is that the dollar is stable and bitcoin price vary on the supply and demands. If their is a shortage of supply bitcoin price will go high.
The difference between bitcoin and real money is that bitcoin has a huge currency while real money has a low currency when you exchange it.
Bitcoin is a digitall asset and can be purchase online and prices are going up and getting expensive compared to fiat money that has no value at all it's just paper that exist in this world. i will choose gold rather than fiat money for transaction, but now we'ere speaking technology so Bitcoin is the real money making an asset of all transactions.
You should invest on btc for getting a huge profit and getting rich quickly.And also we know that bitcoin is a digital currency and it's called by the name of the future currency.If you would invest on bitcoin on September 2016,now you would become a rich and got a huge profit
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?
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?
If your money is in bitcoin while gambling or while doing other investments there is a chance that you might be swept with the wave of it.
Although risky if it falls but as of now the more you wait the better you get. Its just always rise for now. Just months ago it was at $350 look at it now. Can your $ do that?
My simple point about bitcoin and real money is bitcoin just hold you will be doubled the amount anytime and it is like asset as well investment anytime can encash it. But with real money it will be deposited and will return you the same amount with very less interest added to it. This is the major difference between bitcoin and real money for me there is other thing also available to specify.
in real money, you can buy things actual and you can the real money to buy and everything you buy has a tax. in bitcoin you can buy things online, and you can buy any part of the world but bitcoin hasn't have any taxes. in real money you can also buy online but taxes are indicated. in bitcoin you can buy and sell it. buy a bitcoin when the price is low and sell it when bitcoin increases.
There are many differences between real money and bitcoin and one of them is the accessibility if the people. Bitcoin can only be accessed with the use of internet connection, and only those people who know bitcoins can have it. On the other hand, real money can be accessed through both internet and physical aspect, and ot is known by everyone; even the poor. We should invest in bitcoin however because bitcoin's price is surprisingly high.
The good thing about having bitcoin is you can control yourself in using your bitcoins unlike when you have money there is a tendency that you use it anytime. Also, your bitcoin can have higher value just by investing it and wait for the time when it rises. It is a good way of earning a lot of bitcoins.
"Real" money? What do you mean by that? I would say that Bitcoin is the real money and fiat cash is the fake money. Central banks around the world are printing out banknotes without any control. Why should we give any value to such currency? IMO, real money is Bitcoin and bullion metals such as gold.
Bitcoin is a digital currency while real money is a physical currency. Both are currency but there are some differences between two. With this said,these two also have their own disadvantages and advantages. Good thing about real money is you have the actual money. If there are things you want to buy immediately, you can just get money from your wallet. While in bitcoin,since it is a "digital currency", so you need to have withdraw real money first before getting a product.
What do you mean by the real money? BTC is ours and ours alone. If you think that you have the money already and have some BTC in the wallet and you're not calling it yours then you must understand the blockchain more.
as gmaxwell said :
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what."
"Real" money? What do you mean by that? I would say that Bitcoin is the real money and fiat cash is the fake money. Central banks around the world are printing out banknotes without any control. Why should we give any value to such currency? IMO, real money is Bitcoin and bullion metals such as gold.
True, and sadly when I'm reading some comments here, BTC is not even understand by many here, they are saying that the fiat is the real money but in fact the banks are just toying with us, and again like Jeffrey A. Tucker have said : It’s a template for everything. Bitcoin isn’t really about Bitcoin. It’s about human liberty. We are not happy to live in cages of anyone’s construction. The goal of human life is to find a way to freedom. Governments and their lackeys laughed and dismissed this whole revolution, circa 2009 to 2017. There is no way the bird can escape, they said. Now it is too late
Theres a lot of difference between bitcoin and the real money. the First thing is the real money is tangible then our bitcoin was not. And the second bitcoin surpass all the real money or all real currencies all over the world but even theres a lot of defferences between those two. It is always the same cause we can buy anything through it.
Money is a term used by economists for something that does three things (which I'll briefly explain in a moment):
A store of value
A medium of exchange
A unit of account
BitCoin meets all three conditions -
You can acquire some and keep them, and they'll still be worth what they used to be (in the same way that a dollar is still worth a dollar, not that it'll still buy what a dollar used to.) That is to say, it's a store of value.
You can buy things with them. Not everyone will accept them, but you're probably going to have better luck finding someone to sell you a laptop for BitCoins than you are for Zim Dollars, despite the fact that Zimbabwe has a government.
You can price things in them, and they are fungible - that's to say that your BitCoin and my BitCoin are worth the same as each other. It's not like trying to trade in, say, oil paintings - people might accept a given Rembrandt for a given Picasso, but no-one would say "you can have my Turner seascape for (any) three Picassos." This makes them a unit of account.
A store of value
A medium of exchange
A unit of account
BitCoin meets all three conditions -
You can acquire some and keep them, and they'll still be worth what they used to be (in the same way that a dollar is still worth a dollar, not that it'll still buy what a dollar used to.) That is to say, it's a store of value.
You can buy things with them. Not everyone will accept them, but you're probably going to have better luck finding someone to sell you a laptop for BitCoins than you are for Zim Dollars, despite the fact that Zimbabwe has a government.
You can price things in them, and they are fungible - that's to say that your BitCoin and my BitCoin are worth the same as each other. It's not like trying to trade in, say, oil paintings - people might accept a given Rembrandt for a given Picasso, but no-one would say "you can have my Turner seascape for (any) three Picassos." This makes them a unit of account.
The only difference that i see is bitcoin is digital currency that we can only spend in online and without real or physical coin, while real money or fiat can be used any where and it has physical.
We can easily determine the difference between bitcoins and real money. Real money is supportad by the government and people, bitkoin - no. People really accept real money, because they are legitimate unlike bitcoins, many think that bitcoin is just a means for various illegal transactions, and this makes bitkoin different from real money.
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