Topic: Difference between Bitcoin and real money? - page 79. (Read 114883 times)
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.
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?
You can get high profit if you use bitcoin in investing, much more on gambling but gambling is kinda risky so go for investment. Regarding to the difference of bitcoin and dollars, bitcoin can use by the people who can use gadgets or modern technology while dollar can use by everybody even you don't know hot to use a smartphone or you're poor. 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?
'Money' and 'currency' should not be used interchangeably. Currency is the money of a given state. In the U.S., it is Federal dollar notes in circulation.
Money is what we use every day to pay our liabilities, and this includes currency and, to a much bigger extent, our bank account balances that provide the source for our check, wire transfer, debit card, and credit card payments.
Then, there is another form of 'currency' that exists in the books of the banks, and is equivalent to Federal notes, yet is 'immaterial'. This is the account balance that a bank can hold at the Federal Reserve Bank of its district, called 'bank reserves'.
Money is what we use every day to pay our liabilities, and this includes currency and, to a much bigger extent, our bank account balances that provide the source for our check, wire transfer, debit card, and credit card payments.
Then, there is another form of 'currency' that exists in the books of the banks, and is equivalent to Federal notes, yet is 'immaterial'. This is the account balance that a bank can hold at the Federal Reserve Bank of its district, called 'bank reserves'.
The first difference between Bitcoin and real money is on the basis of their usage .Bitcoin is used for online transactions and real money is used for ofline transactions.The other difference between them is on the basis of their acceptance .Real money is accepted all over the world but Bitcoin have some acceptance issues in many countries.Bitcoin is decentralized in nature and real money is centralized in nature.The investments provided by Bitcoin are more profitable than the investmemts provided by real money .Bitcoin is a modern form of currency but real money is traditional form of currency.
Correct. Obviously that is very much the difference and the way it is used is very different from bitcoin, where bitcoin will make it easier for users to transfer money directly, even to the corners of the world, but unlike the real money, we can not send directly, using real money , and we must first send it through the bank, in order to send it and of course it will take a lot of time ..
Real money is regulated by the government. While Bitcoin is not, it is decentralized. No one controls Bitcoin. Bitcoin transactions is anonymous. No one can know your identity but can track your address.
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.
I agree to you that there are many differences about bitcoin and real money and that is, bitcoin can use online as alternative but in the real money you can buy anytime, anywhere and what you want to buy. The difference on bitcoin and real money is, bitcoin is a digital currency that you can use only online but also can be real money but real money is only a currency which also you can turn to bitcoin but that's so much money to turn it in bitcoin.
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.
I agree to you that there are many differences about bitcoin and real money and that is, bitcoin can use online as alternative but in the real money you can buy anytime, anywhere and what you want to buy. The difference on bitcoin and real money is, bitcoin is a digital currency that you can use only online but also can be real money but real money is only a currency which also you can turn to bitcoin but that's so much money to turn it in bitcoin.
bitcoin and real money are different, even though both are currency, bitcoin is a digital currency and is mainly used to buy goods online. Bitcoin is also easier to store in large scale than real money. Bitcoin does not require users to pay taxes and bitcoins provide anonymity for the transactions and the fact that bitcoin has fluctuations such as adding a difference between the two. 
The difference between bitcoin and money is its trade. In bitcoin you can only trade it onlone or modeen technological means. On the other hand money is physical trading which means you have to buy needs or needs. It is a means to provide an amount but different in the process.
Well, in bitcoin we can switch it offline if you know the person you are going to sell with your coins. Otherwise, they are the same that bitcoin is being traded by people who do not know who they are trading with. And that's the best difference between the two, bitcoin = digital, fiat = physical.
Well, in bitcoin we can switch it offline if you know the person you are going to sell with your coins. Otherwise, they are the same that bitcoin is being traded by people who do not know who they are trading with. And that's the best difference between the two, bitcoin = digital, fiat = physical.
The most fundamental difference of bitcoin and real money is its shape. real money in the form.
while bitcoin have a digital system that is not visible. but both have in common is both used as currency.
both have a value that can be used for life.
while bitcoin have a digital system that is not visible. but both have in common is both used as currency.
both have a value that can be used for life.
And bitcoins system although new and the pioneer of its kind is proven to be secured that results to people seeing it as worthy for long term investments. Even though its value keeps changing we all know that it is still getting high and reaching green markets breaking its own record year after year. Unlike cash which almost impossible by itself to be used as an investment instead investors buy prospects and trends that is good for investments to convert their cash into.
The most fundamental difference of bitcoin and real money is its shape. real money in the form.
while bitcoin have a digital system that is not visible. but both have in common is both used as currency.
both have a value that can be used for life.
while bitcoin have a digital system that is not visible. but both have in common is both used as currency.
both have a value that can be used for life.
And bitcoins system although new and the pioneer of its kind is proven to be secured that results to people seeing it as worthy for long term investments. Even though its value keeps changing we all know that it is still getting high and reaching green markets breaking its own record year after year. Unlike cash which almost impossible by itself to be used as an investment instead investors buy prospects and trends that is good for investments to convert their cash into.
The first difference between Bitcoin and real money is on the basis of their usage .Bitcoin is used for online transactions and real money is used for ofline transactions.The other difference between them is on the basis of their acceptance .Real money is accepted all over the world but Bitcoin have some acceptance issues in many countries.Bitcoin is decentralized in nature and real money is centralized in nature.The investments provided by Bitcoin are more profitable than the investmemts provided by real money .Bitcoin is a modern form of currency but real money is traditional form of currency.
BitCoin is a type of money.
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.
To be a successful type of money you need a lot of people willing to accept them.
Some types of money do this by having one or more governments saying you have to accept them as payment for a debt. (That's subtly different from have to accept them - if you offer me a dollar bill for a Mars Bar, I'm under no obligation to accept your dollar bill... But if I meet you in the street and say "Heh, Jack, what about that dollar you owe me", I'm not allowed to turn down the two 50c coins you offer me.) This property is called "legal tender." BitCoin doesn't have it...
... but in most parts of the world, nor does the US Dollar, nor the Euro, Yuan, Yen, or Swiss Franc.
BitCoin is a type of money less widely accepted than, say, the US dollar, but more widely accepted than, say, the Vatican Lire was in 2001.
Yes, the Vatican used to have its own currency. In 2002, it adopted the Euro, and still mints its own.
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.
To be a successful type of money you need a lot of people willing to accept them.
Some types of money do this by having one or more governments saying you have to accept them as payment for a debt. (That's subtly different from have to accept them - if you offer me a dollar bill for a Mars Bar, I'm under no obligation to accept your dollar bill... But if I meet you in the street and say "Heh, Jack, what about that dollar you owe me", I'm not allowed to turn down the two 50c coins you offer me.) This property is called "legal tender." BitCoin doesn't have it...
... but in most parts of the world, nor does the US Dollar, nor the Euro, Yuan, Yen, or Swiss Franc.
BitCoin is a type of money less widely accepted than, say, the US dollar, but more widely accepted than, say, the Vatican Lire was in 2001.
Yes, the Vatican used to have its own currency. In 2002, it adopted the Euro, and still mints its own.
Well it's easy, bitcoin is for the future, the technological advancement that we are having suits bitcoin. Money, on the other hand, seems to be getting old. Whenever, we want to buy online we need to apply for a debit or credit card just to use our money to buy.
And to the present, nearly a decade after its birth, the scale of bitcoin has grown a lot. With prices rising from nearly zero when it first emerged to the $ 5,000 peak on Sept. 1, a smart enough person or lucky enough to drop $ 1,000 to buy bitcoin in July 2010 (when the price was $ 0.05). USD 1 bitcoin), he will now have nearly $ 100 million. Total market value of bitcoin reached 65 billion USD.
Bitcoin is decentralized and real money is centralized. Bitcoin dont have any physical form but cash has some physical form.Bitcoin provides the facility of anonymous transactions but transactions with cash are non anonymous .These are some difference between Bitcoin and real money .
In my opinion, bitcoin is real money, but better. It has its drawbacks as nothing is perfect, however, its pluses currently outweighs its negatives. The votality is an issue for some, but this is what makes it unique, coupled with the fact that it gains value over time, offcourse the price drops too, but that by itself is not a bad thing. There is never a dull moment in this market.
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.
Both are currency of money both are using everywhere payment for everything like foods.electricbill..etc.but money is always used by people because bitcoin is also bought in cash bitcoin can be invest and make it grow the price and and exchange it in the cash.bath both of them they have the same value and usess in our economics
Yes from some point of view they represent currencies for further use. But many still rely on real money and see bitcoin as a threat for something that are afraid of doing it. Let be honest bitcoin is something that many of us was only hoped to be but still there are many that dont like it and they dont want it at all.
Real money is more stable then bitcoin. Bitcoin is very unstable it can rise very high and it can fall very hard in a short time. Bitcoin is also online and not in your pocket.
Real money can be in your pocket and you also have a credit card who you have in your pocket most of the time. While bitcoin is online so its harder to steal it.
Yeah both are the form of currency but i think the both are totaly different in current scenerio. we can use the real money for direct shopping in local stores and we know that bitcoin is just using for online transaction like as online shopping or in use of website but i hope we will be use our bitcoin like as fiat like our regular money because bitcoin is getting much more popularity and there is a lot of people adopting bitcoin huge amount for the future i hope we will be using our bitcoin like as our regular currency but i think it will take almost 10 to 20 years for it to do so.. Real money can be in your pocket and you also have a credit card who you have in your pocket most of the time. While bitcoin is online so its harder to steal it.
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