Topic: Difference between Bitcoin and real money? - page 96. (Read 114867 times)

Bitcoins is electronic or digital kind of money while real money is made from paper.Bitcoins don't have exact value like real money and the value of bitcoins will increase or decrease depends on the market.

I agree to you bro, every single thing that has value can be consider money for me, because you can exchange it with another valuable thing plus it is simply trading when you are doing the exchanges. It is just Bitcoin is not tangible compare to a real money.

There is not much of a difference between real money and Bitcoin. Since money is mainly a term that is used by the people in the IMF most people have forgotten what money actually means. I am pretty sure that Gold is really money and in that view Bitcoin is nothing like Gold because Gold is a valuable item.
Currency is just a made up thing that brainwashes the civilians into thinking that they have the power to do whatever it is that they want because they have more of a certain item. Bitcoin is kind of the same as Currency.

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:

• 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 bitcoin)

Good luck to you!

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?

Not just illegal some countries have ban it for good and who used it will be punished by law, and they are cases where some countries are want to develop there own crypto coin which is very good. Still differences are and it will be for both fiat and crypto in future.

I agree, some people will even say bitcoin is illegal because it comes from the deepweb. But for those people that are technology literate, they will always know bitcoin and how it works. People around me don't know anything at all about bitcoin, they just know i earn online and the money i earn were always sent to my bank account.

Several users has described the major difference that's the virtual usage. It cannot be used same as our fiat currency. It requires some basic understanding for using it as everything is linked to technology and internet. Real money is simple that even an uneducated man can use without difficulty.

I think the difference in real money and bitcoin is the ease, security and speed. bitcoin better everything rather than real money so that users of the bitcoin on the rise.

Several users has described the major difference that's the virtual usage. It cannot be used same as our fiat currency. It requires some basic understanding for using it as everything is linked to technology and internet. Real money is simple that even an uneducated man can use without difficulty.