Topic: Difference between Bitcoin and real money? - page 67. (Read 114867 times)
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.
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?
I think my biggest pro about bitcoin is the fact that the government does not have it's meddling hand dipped into it. Anything they touch is toxic.
With the world of crypto you feel this overwhelming sense that you are finally in control for the first time ever. It is a bit exhilarating and nerve-raking all at the same time. There are no safe guards, so when you eff up its 100% on you, no bailouts.
You can transfer money across borders in much less time and cost than in real currency.
You can quickly move your money around and not feel like you require the expertise of a greasy financial analyst who is going to charge you absorbent amounts for a half-assed consultation.
This is the way the economy is moving, towards a decentralized form of an economy. Hop on the train now!!
locally regular money is very good specially when it comes to just buying regular needs..when it comes to buying in a department store specially those expensive things it requires to carry a large amount of money which increases your risk of being mugged..and now international goods are becoming available because of the internet which makes the process of transferring money or converting the money very difficult and have additional expenses..in btc if acknowledge it can revolutionize the world of commerce..plus btc doesn't require additional expenses and taxes..
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.
Their is a lot difference between real money and Bitcoin. First of all bitcoin is an electronic money and real money is physical money. You can easily convert bitcoin to any other currency in any where but in case of real money it is quite difficult. Bitcoin is not a world convertible currency because some country it declared as a illegal but in case of real money this thing not happen. Bitcoin user doesn't pay tax but in the case of real money you have to pay tax. When real money transaction occurs a third party must interrupted in the transition but bitcoin transaction doesn't need any third person involvment.
It's very simple. The real money is issued by the government and circulated within the country. Bitcoin will only be in circulation if there is a demand for bitcoin on both sides, and it won't be able to buy anything unless you convert it into a currency
Perhaps the biggest difference between money and bitcoin is the value..
Bitcoin is more liquid! It's actually an international and universal unit of exchange. There is no currency conversion needed across borders, 1 BTC is 1 BTC everywhere. So it actually has a great many benefits and features that "real" money just doesn't have.
Bitcoin is digital currency and is a cryptocurrency and Bitcoin value significantly increasing. real money has physical existence but bitcoin has no any physical existence. you can bitcoin compare with gold.
Well tge difference of bitcoin and real money is the value bitcoin is really changing its value anytime anywhere and it is really a great opportunity to gain as a great way of investment.while in reall money we cannot gain on it because it has a corresponding value and it cannot be change because it is sailed by the government .maybe we can get a propit through buy and selling things with the use of real money but is is really hustle .
Bitcoin is digital currency and is a cryptocurrency and Bitcoin value significantly increasing. real money has physical existence but bitcoin has no any physical existence. you can bitcoin compare with gold.
Real money is recognize by the government and accepted everywhere because any person regardless of its status in life can use and easily transact money while bitcoin requires an internet to operate and only few people can use bitcoin than the people who can use real money.
Real money has more goodwill as it can easily be converted to other currencies as well. Bitcoin has a relatively small market share compared to to cash so cash has the upper hand when it comes to preferred payment methods. Bitcoin has less transaction fess too. 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?
To me apart from charges and taxes, there are a lot restrictions and policies associated with most fiat currency transactions. So with BITCOIN, one experiences freedom 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?
Paper money is still a bigger umbrella compared to Bitcoin. Actually, both are just currencies to which values flow from one person to another. The difference lies primarily on the scope of applicability.
One of the difference of bitcoin and real money is that, real money is easily to disappear unlike that of bitcoin. Why? Because when people has lot's of money when they see something that attracts their eyes and sees it , they would always grab the oppurtunity to buy it especially when they have enough money. Unlike when you have bitcoin, since not all stores here are accepting bitcoin for payment, they would first exchange it for the certain currency, more time to consume and more time to think of buying certain things. unlike that of a money you would just give it to the cashier and then boom your cash are instantly disappearing and that's one of the difference of bitcoinfrom real money.
Bitcoin is a digital currency with no fixed price. The price fall down and increase depend on market value An online wallet required in order to use it. Not everyone accept the bitcoins also there's no control on it. On the other side real money also a currency we can buy anything we want with it everyone can accept it and all are aware about it there's no internet or anything required to control it.
Bitcoin is digital currency and real money is fiat. In the future we could not use real money. All of us can used bitcoin instead because of our technologies. The advantage of bitcoin is anonymous and easy to use anytime. It has low fees other than real money and no taxes at all.
The two are both cash however they vary from numerous points of view yet I just express a couple. BTC is decentralized, which implies that nobody is controlling BTC. BTC has mysterious exchanges, which implies you are unknown when you send bitcoins around the world. BTC is more secure since genuine cash could be take straightforwardly on your pocket by a criminal or financial balances by the person who controls your cash.
Bitcoin right now is an approach to profit, and is the easy approach to accomplish the fantasy of getting rich, with low exertion, bitcoin can give anybody simple benefit just by hold a bitcoin. I dont know to what extent bitcoin can keep with those pumps and dumps, yet I know individuals are intrigued into volatilaty and potencial that bitcoin has. Fiat is the most utilized these days, and has not such potencial, for you profit at fiat you should hazard it at betting or forex trading.
They are both currencies BUT! there's a huge difference between them, well you can find them around the internet but i'll give you some. One is that "real" money is controlled by the government while "crypto" money which is Bitcoin is controlled by no one. Next is you can buy necessities with real money while for Bitcoin, it is only limited. Lastly, Bitcoin is kind of unstable. (This are base on my research, it might be fact or not. You can do your own reseach if you want to know more).
Bitcoin is digital money, it exists and works thanks to the internet. You can hoard bitcoin in btc wallet and wait for high price, if you sell you will be huge profit. If you deposit money into a bank, your interest rate is very low. That's a big difference.
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