Difference between Bitcoin and real money? - page 90.

BabyBoss

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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 is a great reason why bitcoin is much better than cash it is because bitcoin will be the next currency in the future. Bitcoin are growing and increasing everyday that bank can't do even they double the interest. Bitcoin has a greater value and it is good for the long-term investment. Money is going to replaced soon.

Aztek

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Quote from: Natlind on September 10, 2016, 01:53:35 PM

Both are currencies. Bitcoin is a digital currency and other local currencies we are using is normal currency with which we can purchase or do anything we need. As bitcoins is a digital currency, we can only shop or do anything only online. We can shop around and do more things online. But with other local currencies, we can do more / lot where we live.

It is true that fiat or money and Bitcoin are both currency which have value in their specific role. But Bitcoin is more aligned to the technology where its price is quite vulnerable to development that may lead to growth on its price. And having an ability to develop and to increase its price gives people a chance to earn and to make profit out of their Bitcoin so I also consider Bitcoin as a better form of money if you are going to compare it to fiat.

BunnyShibe

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Quote from: BTCdoaA on August 15, 2017, 04:11:04 AM

There is no different between them bitcoin is real money reserve for now on many ride the train to convert stable asset to unpredictable market .

i think a big different is there between bitcoin and real money. in fact bitcoin is a digital currency where as fiat is the main physical currency that we use of fulfilling our needs. currency fiat is more domanant on bitcoin because people are using it but in future we can expect that the users of bitcoin will increase too much.

Wesimon

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There is really a big difference. Real money or fiat sometime requires taxes. While in bitcoin you are free. Since fiat is under the control of the government, you cannot get them whole salary of your job. When it comes to investment, it ia very easy to double the price of your investmentnin bitcoin by just holding it. While in fiat you will not get anything if yoi hold it. You have to put it in a bank in order to profit.

sheldonnnn

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Only one difference that really bothers me this is that I can not use crypto currency in normal life. Neither stores nor cafes take bitcoin. I exchange it for local currency and only then I can pay. All other differences do not bother me. I like bitcoin much more than any other currency and real money.

mobilestrike

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Quote from: nexus99 on August 15, 2017, 04:28:18 AM

For me the main difference is lack of government control. Just think about it. No one can exercise any control over your funds.

And this is what I like, wait everyone like about bitcoin, because when government does not involve in the funds which we get from bitcoin then we are safe from government tax and our profit is lot more then we think, so I wish this difference between real money and bitcoin will always be there so that everyone earn more as he invest.

death69

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Quote from: BTCdoaA on August 15, 2017, 04:11:04 AM

There is no different between them bitcoin is real money reserve for now on many ride the train to convert stable asset to unpredictable market .

no. They are different. Bitcoin is different from real money. Real money is made from wood and they are paper. Bitcoin is based on the computer and it works on the internet and the cyber network. Bitcoin is definitely faster than paper money

azguard

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Quote from: Linuld on August 15, 2017, 08:12:00 AM

Quote from: dmamigo on August 15, 2017, 06:03:08 AM

Quote from: aishyoo17 on August 15, 2017, 04:58:00 AM

The difference between bitcoin and real money is that bitcoin is a money used in internet while real money is something we use physically and we do not need any third party to use it as a payment.

Both are real currency I believe, the difference is that Bitcoin is decentralized and fiat/local currency is centralized. What do you mean by the 3rd party you mentioned? If you you are talking about wallets for Bitcoins, I might remind you we also have to use banks and its services and promissory note etc to do high amount exchange/transaction.

Also I want to add in their difference, Bitcoin is quite slow and costly than fiats/local money. But I believe this differences will someday diminish.

Both are real currencies but one should accept by all over the world, and one is still introducing to this world. The demand for the new currency is increased, so the value is high, but the real currency had enough supply, so the value is less. One is legal, and another one is illegal these are the difference b/w Bitcoin and real money.

Dont remember that bitcoin is illegal. There are some countries that are ban it and called it illegal for use, that percentage is small. Bitcoin is becoming legalization starting from Japan so i dont see wwhy did you call bitcoin illegal when its not. Its perfectly legal is some countries.

pitiflin

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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?

Simple. Dollar's price doesn't increase like bitcoin and dollar is not decentralized like bitcoin . Also no one is forcing you to use bitcoin for buying stock or gambling. But bitcoin would fetch you better profit by just keeping it idle. Lets say you keep 100 $ with you for 10 days ,will the price change ? No,it wont but do the same for bitcoin ,the price will definitely change.So it depends on you whether or not you have to go for bitcoin or not.

Linuld

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Quote from: dmamigo on August 15, 2017, 06:03:08 AM

Quote from: aishyoo17 on August 15, 2017, 04:58:00 AM

The difference between bitcoin and real money is that bitcoin is a money used in internet while real money is something we use physically and we do not need any third party to use it as a payment.

Both are real currency I believe, the difference is that Bitcoin is decentralized and fiat/local currency is centralized. What do you mean by the 3rd party you mentioned? If you you are talking about wallets for Bitcoins, I might remind you we also have to use banks and its services and promissory note etc to do high amount exchange/transaction.

Also I want to add in their difference, Bitcoin is quite slow and costly than fiats/local money. But I believe this differences will someday diminish.

Both are real currencies but one should accept by all over the world, and one is still introducing to this world. The demand for the new currency is increased, so the value is high, but the real currency had enough supply, so the value is less. One is legal, and another one is illegal these are the difference b/w Bitcoin and real money.

Bonakid

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Bitcoin is an online money that you can used to pay bills and money is the real one that you can hold and touch.both currencies are important but bitcoin has high currency than the real money.bitcoin is decentralized while money is centralized.

rb26

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OPEN GAMING PLATFORM

I think because bitcoin is decentralized so there's nobody like government and banks can manipulate it. And that the value is higher than any other currencies. The profit we can gain here is much greater.

BCTalkaccountforsale

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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?

Money is a lot different from bitcoin. The real money is under the supervision of the government and is strictly regulated, virtual bitcoin is not controlled by any government or bank at all and the government and the price of bitcoin is higher than the price of real money

dmamigo

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Quote from: aishyoo17 on August 15, 2017, 04:58:00 AM

The difference between bitcoin and real money is that bitcoin is a money used in internet while real money is something we use physically and we do not need any third party to use it as a payment.

Both are real currency I believe, the difference is that Bitcoin is decentralized and fiat/local currency is centralized. What do you mean by the 3rd party you mentioned? If you you are talking about wallets for Bitcoins, I might remind you we also have to use banks and its services and promissory note etc to do high amount exchange/transaction.

Also I want to add in their difference, Bitcoin is quite slow and costly than fiats/local money. But I believe this differences will someday diminish.

Krispin47

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Quote from: Bitcoinsummoner on September 10, 2016, 01:30:39 PM

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.

For me, the difference between bitcoin and eeal money is that bitcoin is digital or can be access through internet. And bitcoin is untouchable while real money is where you can touch. But this two is a money that can buy you things that you want.

aishyoo17

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The difference between bitcoin and real money is that bitcoin is a money used in internet while real money is something we use physically and we do not need any third party to use it as a payment.

nexus99

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For me the main difference is lack of government control. Just think about it. No one can exercise any control over your funds.

warrior333

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The purchase of assets related to tax obligations. You need to specify in the tax Declaration, all shares you have. Then questions may arise regarding taxes. What it's about. Investing in bitcoin may bring more income and no taxes.

dimonstration

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Dimon69

Quote from: cabitu on August 15, 2017, 02:05:31 AM

Bitcoin in certain cases must be made in real money first because not all things in the transaction can be paid with bitcoin, while real money can to do every transaction

Yes that is the difference of bitcoin and cash but the way of earning it is much appropriate to earn here in bitcoin more easy than earning real money. Yes we convert so thats how we can get now the real money so you can now take it in every transaction.

BTCdoaA

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There is no different between them bitcoin is real money reserve for now on many ride the train to convert stable asset to unpredictable market .

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