Difference between Bitcoin and real money? - page 83.

felicita

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Difference between Bitcoin and real money?
I hope everyone knows that Bitocin is dezentralised ! It means you own your bitcoins insted of a bank or any other holders !
Soon Bitcoin will accepted every where i go Wink

so i dont have to exchange my € into any other curreny, just take my phone and fly ;P

kind regards

death69

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Quote from: Drnice on October 07, 2017, 04:00:28 PM

Bitcoin is a crypto currency, which is used as an internet money, while $ is a fiat currency used for daily basis. Bitcoin is very profitable when you invest in it, it serves as an investment for a long time run. As time goes on the price increases which mean your investment is yielding you profit, but one thing is certain, there will always come a time when the price will drop (it always comes up).

If you have Bitcoin in your wallet on the internet, for sure that you will get more income in the future. That's an advantage of having Bitcoin because the price of Bitcoin is hard to lose price and it will bring to you high profit in the future.

Japinat

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Quote from: wallstone on October 08, 2017, 02:20:12 AM

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?

Why Bitcoins? Well I think Bitcoins is a faster to transact than real money. I am not sure about the gambling issue because I don't do things like that. Taxes however are different to every country and there's nothing we can do about it.

Bitcoin is decentralized therefore it's fast, we do not need 3rd party for every transactions that we are going to make and that makes us retain ourprivacy.In addition it's the best investment since it's limited supply will surely make the price appreciate its value overtime as demand increases, for now I focus my investment with bitcoin and I am willing to hold on for longer period.

Heyyyrenz

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Why would you convert money into bitcoin? I will not going to make things goes complicated the answer is because bitcoins price keeps growing from time to time. And if you invest now your money to bitcoin and waited for atleast 6 months to 1 year your money may double or triple. That's it.

The difference between fiat and bitcoins is what you've said which is you can earn a lot of money without paying taxes. But not just that there are many features of bitcoin that makes it better than the fiat such as

* Can be used world wide.
* Can be used as a mode of payment (Only in internet and some of the countries)
* Fast transaction.
* Low fee transactions

wallstone

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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?

Why Bitcoins? Well I think Bitcoins is a faster to transact than real money. I am not sure about the gambling issue because I don't do things like that. Taxes however are different to every country and there's nothing we can do about it.

Lintel

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Quote from: LordDisick on October 07, 2017, 01:04:13 AM

The obvious difference is bitcoin is a digital currency, you can only use it through online transactions unless you convert it to your local currency. While real money can be use anywhere specially on a physical stores. Bitcoin is a good option to store your real money and gain profits because of its value, the price of bitcoin is increasing day by day thats why its also good for investment. Though they are both currencies but their functions and uses are slightly different.

Yeah that's true. Bitcoin is more for an investmenr rather than for daily expenses. We can only use bitcoin if we convert it ro cash which became a real money. Bitcoin helps us to earn for living. We can use cash 24/7 to buy anything but bitcoin we can use only in online payment. They shouldn't be compared because 1 bitcoin in our country is equivalent to thousands. That's why bitcoin is a big help for us to earn.

mikaeltomcruz12

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bitcoin is a digital currency that can be use only in internet and real money available as bills and coin to spend,rather than existing only as items on financial accounts.

tylerderden

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The main and most important difference between bitcoin and cash or some say real money is the acceptance of it, bitcoin is currently famous as just an online currency which isn't accepted everywhere but tak money is accepted and valued everywhere.

cydrix

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Well it is different by the name by the spelling by the uses by the rate by the duration by the place by the application wether digital or manual different creators though seriously bitcoin has been going on since 2008 apporximately 8 years ago and rate was different 8 years ago from $0.08 to $4300 now. What the jail? How did thay do that even the us state has been going on it has grown over 1% or 2 look at that masaive difference in values and age t

craigpo

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Quote from: justspare on September 10, 2016, 05:57:14 PM

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?

Why would you convert money into Bitcoins? The same reason that people convert money into shares and gold, for long term investments and to have more diverse assets, not just fiat.

Yes ^^^ Great for investments, but since there's a debit card being introduced for BTC, then I guess it would replace fiat. Just don't know how that would go down....what do we do with all of our gold? lol

Ayiranorea

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Quote from: pugman on October 07, 2017, 11:39:14 PM

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?

Bitcoin is just a currency that people prefer to use, bitcoin gives you anonymity and you don't need to present the proof of where you got the money from. Fiat can be beneficial some times and so does bitcoin. Bitcoin provides you peer to peer network whereas fiat doesn't. No one can steal your bitcoin unless and until you give your private keys to them or if your hardware wallet gets lost.

Bitcoin is not just a currency, it's an multiple usage asset. The usage of bitcoin as a currency is found much lower than it getting used as an investment asset. This is all because of the growth and the value reaching big in very small time period. Real currency has a stable price, as well an physical paper appearance whereas with bitcoin it has the usage through Internet connectivity.

pugman

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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?

Bitcoin is just a currency that people prefer to use, bitcoin gives you anonymity and you don't need to present the proof of where you got the money from. Fiat can be beneficial some times and so does bitcoin. Bitcoin provides you peer to peer network whereas fiat doesn't. No one can steal your bitcoin unless and until you give your private keys to them or if your hardware wallet gets lost.

djmixen

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There are lots of difference of bitcoin in money, like what bitcoin can do and money can do also in instant way. Example in money you can buy things easily in some store that do not accept bitcoin and easily get to your literal wallet. Unlike bitcoin you need to connect to the internet access before you use it. but if you have bitcoin you can easily pay your bills through sending on it unlike in real money you need to go to the store or office to pay.

Aikidoka

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The difference between bitcoin and real money is quite simple. The former is a digital currency. To elaborate, it is the currency of the internet. Hackers used it on the dark net to buy illegal things like weapons, drugs, etc... Nowadays, it is used as a method of payment in many countries like Japan. This currency does not exist, but it does on the internet. On the other hand, real money is printed money that you can touch (Tangible). You can use it to buy local things like food. It does exist and recognized worldwide.

Iantot08

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As a student, and base in my economic subject, economist said that a real money have a medium of exchange, store of value and a unit of account. Base in my subject money is a tangible things or tangible assets to all people.
Bitcoin, honestly I'm not familiar in this term but base in to my cousin, it is may be other currency or can be a substitute of a real money as a I know when the times it's come. And also bitcoin is said to be it a fiat money.

Gaff

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Quote from: jjacob on October 07, 2017, 03:50:29 PM

Quote from: Tenderino on October 07, 2017, 02:21:48 PM

Quote from: fishbonez11 on October 06, 2017, 10:19:58 PM

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment but personally, I do it for the purpose of diversifying.

While the use for bitcoin and fiat money is the same, the big difference is that the fiat money is created and its value determined by the government licensed banks, while everyone can create or mine bitcoin and its value is solely determined by the demand of the people.

Another big difference is that fiat money loses its value by default!

Not all Fiat currencies lose value. The Swiss Frank had done a remarkable job of maintaining its value against silver for a long time. Of course, if you look at the currencies of countries like Venezuela and Zimbabwe, then it is a different story.

Maybe that's the case. Bitcoin is a digitized money which you can get from your mobile phone with the help of internet connection and you can bring anywhere you like without pocket in your bag because it's only inside your phone with its amount on it. On the other hand,real money is something you can already touch and the ones that we always use for buying and also the ones that we receive from our salary. In other words,they are both money but only bitcoin is indirect method when you receive it to your hand.

Drnice

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Bitcoin is a crypto currency, which is used as an internet money, while $ is a fiat currency used for daily basis. Bitcoin is very profitable when you invest in it, it serves as an investment for a long time run. As time goes on the price increases which mean your investment is yielding you profit, but one thing is certain, there will always come a time when the price will drop (it always comes up).

jjacob

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Quote from: Tenderino on October 07, 2017, 02:21:48 PM

Quote from: fishbonez11 on October 06, 2017, 10:19:58 PM

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment but personally, I do it for the purpose of diversifying.

While the use for bitcoin and fiat money is the same, the big difference is that the fiat money is created and its value determined by the government licensed banks, while everyone can create or mine bitcoin and its value is solely determined by the demand of the people.

Another big difference is that fiat money loses its value by default!

Not all Fiat currencies lose value. The Swiss Frank had done a remarkable job of maintaining its value against silver for a long time. Of course, if you look at the currencies of countries like Venezuela and Zimbabwe, then it is a different story.

the rise

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Quote from: Tenderino on October 07, 2017, 02:21:48 PM

Quote from: fishbonez11 on October 06, 2017, 10:19:58 PM

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment but personally, I do it for the purpose of diversifying.

While the use for bitcoin and fiat money is the same, the big difference is that the fiat money is created and its value determined by the government licensed banks, while everyone can create or mine bitcoin and its value is solely determined by the demand of the people.

Another big difference is that fiat money loses its value by default!

fiat is highly dependent on the government, the world's financial system is now proven capable of preventing people from rebelling over the accumulation of personal economic wealth and enriching a country with highly regulated taxes. Bitcoin was born with controversy by offering decentralization that has the potential to create inflation and the destruction of the world economy.

Imagine if the state is not able to make strong rules for bitcoin, then they will get a country full of rebellion, money laundering and corruption from officials. It must have a solution quickly or many countries will face a daunting era.

Tenderino

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Quote from: fishbonez11 on October 06, 2017, 10:19:58 PM

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment but personally, I do it for the purpose of diversifying.

While the use for bitcoin and fiat money is the same, the big difference is that the fiat money is created and its value determined by the government licensed banks, while everyone can create or mine bitcoin and its value is solely determined by the demand of the people.

Another big difference is that fiat money loses its value by default!

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