Topic: Difference between Bitcoin and real money? - page 7. (Read 114867 times)

BITCOIN is a cryptocurrency, digital money, now globally accepted.

REAL MONEY=Fiat Money/Cold Cash. is a current currency used around the world.
The used of btc in trading is just a click on your computer, compared to a cash transaction/trading
which requires a lot of paper works and documentation.

bitcoin and real money are both money in witch useful in purchasing or any transactions that uses money..the only different for me is that: bitcoin value is volatile while the real has its fix value with all the respective denomination.

I think virtual currency and bitcoin value can be exchanged for real money. The nature of bitcoin and real money is the same, it's just different in how to conduct transactions, storage and bitcoin values ​​may increase in the future, money is not actually. Bitcoin is the most commonly used virtual currency over the internet, real money is usually used in the real world and real money is legal but bitcoin does not, here are some of the differences I see.

Yes for me bitcoin is considered as a money also but in a way of digital or maybe we can call it a virtual money because it operates as a money but we can't see it in a physical way. Money and bitcoin may only differ from their uses, but the same in their functions. Real money is used in our daily routine while bitcoin can be used via online transactions.

Bitcoin is money. The only difference is that we can't have BTCs on real life. It only exists on the virtual world. But Bitcoin has advantages: We don't need to pay high fees like our local currencies; The transactions are fast and anonymous; Bitcoin is a crypto-currency and we don't have bureucracy to use Bitcoins, and I hope it continues like now for a long time.

following this one. Thanks

I think it is because of the volatility of the market. It is very seldom to find stock that changes quickly within a day or even a minute. If you can harness that opportunity you can surely benefit from it by earning lots of money.
Real money isn't like that. Our fiat doesn't change fast, well that is good for the economy anyway. We do not want a money that quickly changes, we atleast need to have a currency that is very stable to buy goods and different things.

Real money value can steady as they want while bitcoin value can go up whenever it wanted and specially bitcoin is portable because its wallet can be access anywhere we can and also secured while real money can get lost or stole if your not secured enough

There are many differences of bitcoin and real money.. bitcoin you can use it online as alternative real money you can buy anytime there.. in bitcoins you should have too because many other will exchange it fast and instanly in our place.

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:

    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!

bitcoin and real money are very different, real money can be used for online or offline transactions, but if bitcoin can only be used online, it can be used for transactions and can be used for investment. because bitcoin has an unstable price, so if bitcoin investments can have big profits and can also get big losses. So if you want to invest bitcoin, you must be ready to bear all the risks that exist.

bitcoin is decentralized and anonymous.

Bitcoin is a virtual currency, it can't be touched but it is like an e-money that you can withdraw in any near places that change bitcoin into money.There's no easy way to earn bitcoin through mining you can earned bitcoin and expected within 2-3 months of mining,in a speed of 500mghz you can have 1bitcoin.IN bitcoin you can also invest and there is also faucet where you can save your money.

Bitcoin has a number of advantages over real money. This is decentralization, constant growth, convenient transfers.

Yes bitcoin is the money of the new generation, the product of technology and much more safer (physically) than bringing real money.

Technically speaking, since you can readily convert bitcoins to dollars or Euros or even gold, bitcoin fits the definition of real money.   It's just real money with different characteristics.    Gold has different characteristics than silver, than Swiss Francs, than Japanese Yen, than XEM/NEM, but they are all technically real money.   

first its controlled by miner and whale.
second by banks.
that's all.

I found the difference between bitcoin and real money that bitcoin is a digital asset that can function as real money while money is a conventional transaction tool that is widely used by people but money cannot be said as a cryptocurrency like a digital asset such as bitcoin.

The most significant difference for me is that bitcoin allows your money invested in it to work. With other real currencies, this is not the case.

In my opinion the most important difference is the fact that, transactions with BTC or other cryptos are decentralized, meaning they cant be regulated. so with BTC, you are in total control of your currency use (transactions). Other differences include the fact that it is a digital currency and is widely accepted, the speed of transactions, its distributed ledger system, etc.