Topic: Difference between Bitcoin and real money? - page 80. (Read 114883 times)
The price of bitcoin can go down and up that is the biggest difference and bitcoin is not controlled by any bank or anyone it is controlled by yourself save with yourself and bots who trade it for you there are a lot of differences between those two.
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.
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.
Transfer money through bitcoin as you say to get rid of the banking system, to avoid the law, to avoid undetected tax.
Yeah i like that idea and when you transfer all your cash to bitcoins it will still grow as time goes by, That is why businessman are investing in bitcoins because they know that it will successfully dominate in the future.
Bitcoin is a digital money or currency. It isn't exist in physical form unlike money that we can touch and can easily steal from us. While bitcoin is hard to hack if you have a hardwallet because you had the key that only the owner can open and use. 
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:
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 bit[Suspicious link removed]d luck to you!
Wow! So helpful answer. Thank you, man. I didn't know about finite amount of bitcoin.. 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 bit[Suspicious link removed]d luck to you!
Real money is a bit stable, while bitcoin is very unstable. You can not expect that euro can double his amount in one week. Bitcoin has the potential to do that.
We saw that bitcoin was at 5k so it dropped in one week to 3k. This is what unstable means.
We saw that bitcoin was at 5k so it dropped in one week to 3k. This is what unstable means.
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.
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
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?
bitcoin is more money when convert it to the real money 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?
Their a lot if difference between electronic money like bitcoin and physical money like real money. In case of real money you have to pay tax but in bitcoin their is no required to pay tax. In the transition of real money a third party (e.g. bank ) involved but in case bitcoin their no involvment of third party and its less traceable then real money. In the case real money government has conrol in it but in the case of bitcoin government has no such control. In the case of real money it is difficult to convert into any other currency but in the matter of bitcoin it doesn't happen.
There are a lot of differences. Bitcoin is not taxed, anonymous, has a fairly fast transaction speed, and, which is very cool, has the ability to grow, that is, if you put money in bitcoin you can earn a very decent amount of money. Is it possible with dollars, euros, etc.? Bitcoin is the future.
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?
It's because bitcoin is not used officially in many countries. Whatever value bitcoin rises to, dollars have their own value and dollars are the one people all over the world aware of. This does not goes with bitcoin. Still most of them have no idea about bitcoin. This may also be the one of the reason bitcoin is not used as it is and converted into currencies. 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?
Waow, you asking many question at the same time. Bit confusing to answer all of them together.
Bitcoin and real money of course much different. Just one important thing is if bitcoin is created for freedom its like digital money and no shape. Its easy to use for online anonimox payment and hard to track. If real money can not do such that bitcoin do.
Bitcoin and real money of course much different. Just one important thing is if bitcoin is created for freedom its like digital money and no shape. Its easy to use for online anonimox payment and hard to track. If real money can not do such that bitcoin do.
Real money is very dangerous on hand, but the bitcoins is secure and very convenient, secure by password and usernames. Im so love bitcoins everyday.
My money can only be seen in my smart phone and nothing more. You cannot even withdraw it because of the password protection.
In my pocket I only have like 4 dollars everyday for my fare. So even if I lose my phone and wallet I am still secured. That is the big difference.
Credit cards are even riskier because it is being duplicated now. So you are correct. The best option would be bitcoin.
in fact it all depends on the thoughts of each individual. the dollar is real, and there are many things that can be done "but there must be a reason why people turn it into bitcoin". bitcoin digital / electronic currencies, which currently have fantastic prices, people may prefer to convert dollars into bitcoins because they feel they will benefit greatly when they invest.
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?
To escape from the traditional banking system.
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
See above
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
Not sure here, but maybe Bitcoin because Bitcoin deposits are faster.
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
Taxes depend on your country. You don't get more or less income with Bitcoin. You get freedom, faster transactions and a way to keep your money yourself, safely.
Real money is very dangerous on hand, but the bitcoins is secure and very convenient, secure by password and usernames. Im so love bitcoins everyday.
btc is a virtual currency that has no restrictions or protections and can only be used online, to use it you have to redeem it with a local currency that has been recognized by government and can be used to buy anything in your country.
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?
Why ? Because bitcoin is a kind investment where can the money or the dollar you converted in bitcoin can grow depends on the flactuation of its value. Aside from that you can also use this bitcoin in paying bills with a fastest way and without any hassle in going to the outlet. Although money is more acceptable by the community it still not bad if you try bitcoin. 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?
Bitcoin is virtual, isn't it? It make big different between bitcoin and real money.
Yes it is, real money is regulated by the government and they can control it, bitcoin is not controlled so we have full freedom for this systemReal money also is not an invest since the value will depreciate in the future bitcoin does the opposite, so it's very simple, smart people will choose bitcoin.
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