Difference between Bitcoin and real money? - page 66.

Mr.Stemafon

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Quote from: Anochensio on November 23, 2017, 11:29:50 AM

Quote from: Hoganye on November 15, 2017, 04:21:17 PM

Quote from: Botnake on November 15, 2017, 05:33:27 AM

Quote from: crytomusica on November 15, 2017, 05:09:33 AM

Quote from: crisnel26 on November 15, 2017, 05:03:42 AM

for me, bitcoin is a way of investment and not yet a cash. Bitcoin can be used as payment for online services and transactions that cash couldn't pay for.

main difference is actually cash (governmental currency) is centralized and crypto currencies (starting with btc of course) decentralized which provides anonymity.

I think this is a good comparison, however the government still want to regulate this decentralized system which might not be
favorable for us as for sure they will not allow bitcoin to replace the current centralized system they build.

But we own our money, we can exchange our money to Bitcoin anytime and that is also one of the reason made the price of Bitcoin increased a lot of value in this year without much good news. As long as the people still want to using Bitcoin, the government can not kill this currency.

I agree with you if people start earning bitcoins and if a lot of people are starting to do that than people will easily be addicted to it that way even if the government wants to do anything about bitcoin they would not let it happen because a lot of people invest in bitcoin.

Same goes for me if the government wants to ban bitcoin we can just say no because we are allowed to have a word and say anything about it why would they steal something that gives you money some people even made it their job they will lose their job.

Anochensio

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Quote from: Hoganye on November 15, 2017, 04:21:17 PM

Quote from: Botnake on November 15, 2017, 05:33:27 AM

Quote from: crytomusica on November 15, 2017, 05:09:33 AM

Quote from: crisnel26 on November 15, 2017, 05:03:42 AM

for me, bitcoin is a way of investment and not yet a cash. Bitcoin can be used as payment for online services and transactions that cash couldn't pay for.

main difference is actually cash (governmental currency) is centralized and crypto currencies (starting with btc of course) decentralized which provides anonymity.

I think this is a good comparison, however the government still want to regulate this decentralized system which might not be
favorable for us as for sure they will not allow bitcoin to replace the current centralized system they build.

But we own our money, we can exchange our money to Bitcoin anytime and that is also one of the reason made the price of Bitcoin increased a lot of value in this year without much good news. As long as the people still want to using Bitcoin, the government can not kill this currency.

I agree with you if people start earning bitcoins and if a lot of people are starting to do that than people will easily be addicted to it that way even if the government wants to do anything about bitcoin they would not let it happen because a lot of people invest in bitcoin.

shiv06

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Different between bitcoin and real money in my opinion is we can know how much bitcoin in the word. Bitcoin you can use it online as alternative real money you can buy anytime there. Bitcoin you should have too because many other exchange to exchanger it fast.

Danglen1010

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bitcoin and money almost same..is like u have a bank account or mastercard..many online payment accept bitcoin..like a money tranfer..

Drakula

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Quote from: bxbxy on November 22, 2017, 07:28:13 AM

The difference between bitcoin and real money is that real money can be stolen from you because a theft can see it but bitcoin is more secure because no one know how much you have in your pocket so it is more safe than real money.

Another difference between Bitcoin and the real/flat money is its usage. Bitcoin is limited when it cones to payment while real money is can be use freely worldwide. On the other hand, Bitcoin is not controlled by the government and it is tax free; it is the big difference of Bitcoin with the real money.

Fancyax

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Personal Text: Pre-sale - March 18

Many difference between Bitcoin and fiat. I'll mention some of them:

- Bitcoin works online, fiat works anywhere.
- Bitcoin have a limited supply, fiat is unlimited.
- You don't need regulation and papers to fill to use bitcoin.
- Bitcoin price is regulated by supply and offer, fiat price is regulated by banks and govs.
- Bitcoin transactions are faster and safer.
- ...

hangar18

hero member

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Quote from: azguard on November 23, 2017, 07:09:32 AM

Many differences are between bitcoin and real money or fiat money.

Most basic is that real or fiat is controlled by government and bitcoin is decentralizes and such no one is controlling it that why government dont like bitcoin and bitcoin users or any crypto user.

Basic, Bitcoin is a crypto currency, it does not need to have the controller from someone or any force. It is a currency created for users and manage, protect system through user. More users, the system of Bitcoin has more power and not easy to attack by anyone. While, FIAT controlled by the government.

Protected101

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Bitcoin has lots of differences,bitcoin was controlled by us and its value increasing higher as a market is in good terms.While real money controlled by government and we pay taxes on it,its value cannot increasing it has a stable price.We can use bitcoin as a payment method without any hassel to pay in any payment establishments.

azguard

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Crypto-News.net: News from Crypto World

Many differences are between bitcoin and real money or fiat money.

Most basic is that real or fiat is controlled by government and bitcoin is decentralizes and such no one is controlling it that why government dont like bitcoin and bitcoin users or any crypto user.

QQ224466

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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.

bxbxy

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The difference between bitcoin and real money is that real money can be stolen from you because a theft can see it but bitcoin is more secure because no one know how much you have in your pocket so it is more safe than real money.

James Messy

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“fiat currency” is any national currency decreed legal by the national government, but is intrinsically valueless money. Fiat currencies no longer represent gold deposits or other things of known market value. They are just the accepted pieces of national paper, printed by a private central bank and loaned to the national government, with interest.

katarin2030

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Quote from: Xester on November 21, 2017, 11:46:44 AM

Quote from: Dark Sky on November 21, 2017, 09:10:27 AM

Quote from: bukikbarisan on November 21, 2017, 08:59:36 AM

Both are currencies and their uses are the same. Bitcoin is a digital currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only shop or do something online. We can go around and do more things online. But with other local currencies, we can do more.

there is a big difference between bitcoin and real money, we can use bitcoin just in online shop and its provide for those who use bitcoin but real currency is use in everywhere for every person,

Yes we can only use bitcoin online as it is created for online use. That is why it is called digital currency and all transactions are made online. When there is no electricity and when there is no internet connection, there would be no bitcoin. Unlike real money which do not need anything aside from itself.

The difference is simple bitcoin is virtual currency and real money is real in practice, that is a physical money, we are using in our surroundings for purchasing and all. But bitcoin is digital money only for online purchases.

bukikbarisan

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Both are equally currency. Bitcoin is a digital currency or other local currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only buy things online. We can do more things through online.

BlueStackz

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Quote from: Aljay7 on November 14, 2017, 02:34:40 AM

Quote from: crst on September 10, 2016, 01:13:57 PM

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?

Well in bitcoin its easy to get money and you can invest in bitcoin for free unlike in money you'll have to pay taxes,and also it gives us freedom to earn money on our own hard work without decreasing our earnings in taxes from the government. Yeah it's little confusing but if you try to understand on how bitcoin work properly you'll understand why.

Bitcoin price is high than any other currency in market and its transition are also fast than any other currency you can also learn a lot of things here as well as you can earn a lot of money here and paper money is only for to buy some things so bitcoin is better than paper money and still bitcoin is trying to advance its technology.

Etherlevis128

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Quote from: Agamilleen on November 21, 2017, 12:01:22 PM

The difference is quite large. Authorities have not yet learned how to monitor bitcoin transactions

Although most people in the world wouldn't agree that Bitcoin is real money I think you are right. Since it is possible to find a way to buy for Bitcoins almost everything it is a real money. The main difference is that Bitcoin is not so widely accepted as fiat, but I think that it is much easier to buy something in the USA for Bitcoins than for Russian Rubles for example, so in a way BTC is already better than most fiat currencies.

Agamilleen

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The difference is quite large. Authorities have not yet learned how to monitor bitcoin transactions

Xester

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Quote from: Dark Sky on November 21, 2017, 09:10:27 AM

Quote from: bukikbarisan on November 21, 2017, 08:59:36 AM

Both are currencies and their uses are the same. Bitcoin is a digital currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only shop or do something online. We can go around and do more things online. But with other local currencies, we can do more.

there is a big difference between bitcoin and real money, we can use bitcoin just in online shop and its provide for those who use bitcoin but real currency is use in everywhere for every person,

Yes we can only use bitcoin online as it is created for online use. That is why it is called digital currency and all transactions are made online. When there is no electricity and when there is no internet connection, there would be no bitcoin. Unlike real money which do not need anything aside from itself.

anon007

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First of all BTC grows in price faster and better right now, but you cant use BTC if you are going in town to have a few drinks or you know. Its growing and soon I think there will be no difference between termins real money and Bitcoin or all in all cryptocurrency.

Dark Sky

member

Activity: 420

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Quote from: bukikbarisan on November 21, 2017, 08:59:36 AM

Both are currencies and their uses are the same. Bitcoin is a digital currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only shop or do something online. We can go around and do more things online. But with other local currencies, we can do more.

there is a big difference between bitcoin and real money, we can use bitcoin just in online shop and its provide for those who use bitcoin but real currency is use in everywhere for every person,

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