Difference between Bitcoin and real money? - page 70.

Baoo

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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?

There's a big difference between bitcoin and real money that's why people who earn money in bitcoin always want to stock this money as well as there is an evolution of monetary value of bitcoin.

Hoganye

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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.

Frost149.6

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There are consideable difference between Bitcoin and real money. Bitcoin is a digital decentralized currency. Real money is centralized and does not need internet for daily transactions. Where as in Bitcoin it need internet for daily transactions. Real money is control by the respective government. Bitcoin can't be controlled nor there is taxation system on it. Real money has a fixed value but Bitcoin doesn't.

Hunter1981

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Very simple to transfer bitcoin from your wallet to someone else's wallet no matter where you are
Zero is insignificant insaction fees
On seller cashing your payment , he may find bitcoin value has gone up
Excellent way to pay for goods or services on internet
Possibly a long term save haven for value

SOHAIB BAIG

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payment method is quit easy in bitcoin than real money...u need no bank involvement if u using bitcoin just transfer the coins in other persons wallet

jonathan163

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Simple: Bitcoin its a digital money no one can handle that and u can use all over the world except for country not accept BTC
Real money on hand this its your advantage but your can use in your country only

Naoko

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There are many differences between bitcoin and real money. There are some advantage and disadvantages of it. The advantage of bitcoin is that it is very easy to store and earn it. You can use it as a money too. You can buy things that you want and you can use it for some investments but the disadvantage of it that some places/stores/establishments don't accept bitcoin yet. You can't use it in other store. In the real money, the advantage is that it is the main money that we use. The difference is any establishment will accept it because it is real. But the disadvantage of it is sometimes it is main reason of people that became bad because of richness.

Botnake

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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.

dcash

newbie

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BTC is intagible asset while real money is tangible asset.

crytomusica

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Cointed. The Future of the Money

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.

reisuke24

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Activity: 358

Merit: 100

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?

any person ask and order you to invest in bitcoin? if yes why you want to invest if you dont want to invest?
some site just accept bitcoin as their payment. some site just accept dollar as dollar as payment. and some site accept both, dollar and bitcoin.
if there are site accept payment via bitcoin, and you dont want exchange your dollar to bitcoin, why not gambling in site that accept payment with dollar?
if you take bitcoin to table, its not give you more income. but if you win bitcoin when the price is low, you can wait until the price rise and than sell it. it will give you more income

crisnel26

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Future of Gambling | ICO 27 APR

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.

Bitcoinismylife12345

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Merit: 10

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?

The difference between bitcoin and money is that bitcoin is more profitable in many ways. The longer you hold Bitcoin the more valuable it gets. Also bitcoin is digital money that can be use in cyberspace anywhere. Bitcoin has no taxes and can't control by the government, also it has a greater value than money.

rony01941

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Activity: 206

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There is a huge difference between bitcoin and real coins. Such is the medium of transaction, bitcoin and investment medium. You can earn more bitcoin by investing in bitcoin. However, the amount of your money will increase ie that will be your profit. Therefore, bitcoin and real money can be one No. Bitcoin is just real financially free of online investment money and actual money.

iyan33

sr. member

Activity: 434

Merit: 250

in my opinion,the difference between Bitcoin and real money is the first in terms of form,Bitcoin is not in the form of coins or paper whereas real money is in the form of coins or papers.
And the second,Bitcoin is not in the real world but Bitcoin does exist in the digital world (internet),while real money is definitely there in the real world.
And the last,Bitcoin can be used online as a backup for real money that you can use anytime.

chicobr

full member

Activity: 235

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Most of thing money can do, Bitcoin also can do. However, Bitcoin can't be controlled by anyone, Money is controlled by Government. The longer you hold Bitcoin, the more profit you get. Otherwise, the longer money you hold, the more value you lose by inflation.

Jessica2009

full member

Activity: 348

Merit: 100

There is considerable difference between bitcoin and the real money. Bitcoin is a digital decentralized currency and has a maximum supply of coins only.But in the case of real money it is a centralized one and no need of internet connections for transactions. Bitcoins can be transferable internationally without the interference of a middle agency with a minimum service charge mean time the real money it takes time to transfer and taxable too.

Bacotan Bae

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Activity: 504

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The most obvious difference between real money and bitcoin is its value, real money is always fixed because it can be fully controlled by the central bank, while the value of bitcoin is uncertain due to decentralization and depends on market and user needs.

Yanisumin

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Activity: 648

Merit: 502

Quote from: Ngewex Yuk on October 30, 2017, 05:07:29 AM

Bitcoin is decentralized while real money is centralized, from here it is clear that bitcoin can not be controlled so it goes up and down without anyone ever able to control. bitcoin is more suitable if it is said to be a commodity rather than a currency.

Don't give me that voice, when I'm reading comments about bitcoin being a commodity rather than a currency, my heart is aching because I don't have much BTC and only those people who are early here will have that, and will feel the price. Im hoping that people will view it more as a currency because that is how all of us will be benefited by its function. If we are going to be stuck in the mindset of "rather than a currency" then this aint the dreamed crypto that will replace the dollar soon. Sad.

Quote from: Gradus728 on October 31, 2017, 02:36:12 PM

The number of bitcoins is limited - 21 million of them can be produced. Today, no state in the world can print or depreciate them. This is the concept of bitcoin - that it should be money that belongs only to you, which can not be forged and which you can instantly settle with anyone anywhere in the world where there is the Internet.

Yup and we all know that so stop comparing the technical aspects, how about its battle for survival versus real money, we are having transactions problems and some traffic in the chain. Some are turning into alts and if we're not going to fix these kind of problems soon then it's too early to be comparing it to real money. I'm a supporter of BTC and I will always will be, i know that its is more superior than fiats but as to the standpoint now. Were to early to make it as an official money, especially because of its price.

BitCare

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Quote from: dvabit on November 14, 2017, 11:43:18 PM

$ is physical money
bitcoin is p2p money

OMG, are you right? If you want to give me $ 2 in BTC, would you do this? How many fees will you pay?
How many operations per second can you do in dollars or with a your plastic card, and what about cryptocurrencies and Bitcoin?

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