Topic: Difference between Bitcoin and real money? - page 98. (Read 114867 times)
Its simple. 1200$ which I have in my bank from 2-3 months is like 1250$ now and 1 BTC which I had in my wallet 2-3 months ago which was 1200$ now it is 1500$, I guess you know where am going with this. BTC is savings, investment as well as money.
Cheaper Transaction Fee. Transactions in bitcoin do not cost a fortune, bitcoin can be done anywhere with a relatively lower cost and faster. Unlike conventional currency that cost big and longer time.
That is the mainstay of bitcoin. With such a service would be easy to attract a lot of people doing transactions with bitcoin. Transaction fee was adjusted to the amount of bitcoin that we send. So when we send a small amount of funds then the fee is also very small.
Cheaper Transaction Fee. Transactions in bitcoin do not cost a fortune, bitcoin can be done anywhere with a relatively lower cost and faster. Unlike conventional currency that cost big and longer time.
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The only difference that i can see on bitcoin versus the real money is being physical and virtual. Bitcoin is only digital money and the real money is physical which we are currently using right now. Another difference that i can see is in supply where bitcoin has a limited supply while real money has an unlimited.
Exactly, one more factor you missed when it comes to value bitcoin has the highest value when compared with real money. So many people bothering about whether bitcoin will stay for long to make most of it. Real money is being and act like crap many people are creating fake currency and whereas with bitcoin it is not possible.
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 bitcoin)
Good luck to you!
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. 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!
Bitcoin is a cryptocurrency and real money is cash ,bitcoin is also a currency but digital and at this time we cant use bitcoin to buy thing in many store unlike money we can use it to buy pretty much anything.
This All depends on public acceptance of bitcoin, we can see that bitcoin price is keep rising, this indicates that the number of bitcoin users continous to increase. Bitcoin is different with real money becuse it is new concept of payment system that decentralized. 
Bitcoin is a cryptocurrency and real money is cash ,bitcoin is also a currency but digital and at this time we cant use bitcoin to buy thing in many store unlike money we can use it to buy pretty much anything.
The only difference that i can see on bitcoin versus the real money is being physical and virtual. Bitcoin is only digital money and the real money is physical which we are currently using right now. Another difference that i can see is in supply where bitcoin has a limited supply while real money has an unlimited.
Exactly, one more factor you missed when it comes to value bitcoin has the highest value when compared with real money. So many people bothering about whether bitcoin will stay for long to make most of it. Real money is being and act like crap many people are creating fake currency and whereas with bitcoin it is not possible.
Supply is very important difference, like it's important how it's made on the first place, two things that really make a difference in this world. I also think that bitcoin can clear some things in this current global economy situation, what we need is more transparency and I think that bitcoin can do a lot on that field.
Bitcoin is much cleaner currency then any other, cash is dirty and who knows who touched it before you. With bitcoins we don't have such problems, let's keep the future clean.
The only difference that i can see on bitcoin versus the real money is being physical and virtual. Bitcoin is only digital money and the real money is physical which we are currently using right now. Another difference that i can see is in supply where bitcoin has a limited supply while real money has an unlimited.
Exactly, one more factor you missed when it comes to value bitcoin has the highest value when compared with real money. So many people bothering about whether bitcoin will stay for long to make most of it. Real money is being and act like crap many people are creating fake currency and whereas with bitcoin it is not possible.
Supply is very important difference, like it's important how it's made on the first place, two things that really make a difference in this world. I also think that bitcoin can clear some things in this current global economy situation, what we need is more transparency and I think that bitcoin can do a lot on that field.
Bitcoin is much cleaner currency then any other, cash is dirty and who knows who touched it before you. With bitcoins we don't have such problems, let's keep the future clean.
The only difference that i can see on bitcoin versus the real money is being physical and virtual. Bitcoin is only digital money and the real money is physical which we are currently using right now. Another difference that i can see is in supply where bitcoin has a limited supply while real money has an unlimited.
Exactly, one more factor you missed when it comes to value bitcoin has the highest value when compared with real money. So many people bothering about whether bitcoin will stay for long to make most of it. Real money is being and act like crap many people are creating fake currency and whereas with bitcoin it is not possible.
Bitcoin is made to for many purposes, not only for trading between people and people. And Bitcoin is based on the blockchain while fiat is based on the bank system and the government
As you explain these are different uses-es of bitcoin and fiat currencies , and i think you are right. Still i want to tell the real difference between bitcoin and fiat that fiat has fisical appearance but instead of it bitcoin has no fisical appearance that's why we could use fiat in real life but about bitcoin, we use it only online world.
The only difference that i can see on bitcoin versus the real money is being physical and virtual. Bitcoin is only digital money and the real money is physical which we are currently using right now. Another difference that i can see is in supply where bitcoin has a limited supply while real money has an unlimited.
an unlimited supply actually could lead into a worthless , but fiat has been regulated by government to make it not happened , so basically government really control the value of fiat where in bitcoin it is totally decentralized nobody able to control it , which it is makes bitcoin good right?fiat could be used digitally so do with bitcoin which have a physical coin btw.
i agree with edenhazard i better like bitcoin because nobody able to control like goverments
The only difference that i can see on bitcoin versus the real money is being physical and virtual. Bitcoin is only digital money and the real money is physical which we are currently using right now. Another difference that i can see is in supply where bitcoin has a limited supply while real money has an unlimited.
an unlimited supply actually could lead into a worthless , but fiat has been regulated by government to make it not happened , so basically government really control the value of fiat where in bitcoin it is totally decentralized nobody able to control it , which it is makes bitcoin good right?fiat could be used digitally so do with bitcoin which have a physical coin btw.
We need to understand the extent to which Bitcoin is being introduced into the real life of the common man. To love in the first place a person uses money because of their simplicity in circulation. So Bitcoin can put the user in an awkward position, because the difference of local money people to use Bitcoin should have a quest appropriate education.
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?
The very own title of the thread is mistaken, it ask about the differences between bitcoin and real money and not the differences between bitcoin and fiat, so it seems to imply bitcoin is not real money and even if you cannot touch bitcoin with your own hands bitcoin is very real.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?
Yes and if you can buy anything by exchanging bitcoin then its a real money as we don't have an option to spend them directly but we can always spend them by converting to fiat so there is not much difference in both of them.
You dont earn it by doing a regular work in life, but only through internet as a freelancer, or even by posting on this forum.
Obviously, you have a an option to just invest your money converted into bitcoins, to make some return out of it.
So i think that there is no more differences between BTC and fiat, but it is still more useful than regular currency.
Bitcoin is made to for many purposes, not only for trading between people and people. And Bitcoin is based on the blockchain while fiat is based on the bank system and the government
The only difference that i can see on bitcoin versus the real money is being physical and virtual. Bitcoin is only digital money and the real money is physical which we are currently using right now. Another difference that i can see is in supply where bitcoin has a limited supply while real money has an unlimited.
Since the physical appearance of bitcoin and real money is always being compared. I want to point out with what you had said with your last statement. And that's one of the biggest difference of these two currencies, bitcoin has limited supply but comparing it to real money, it has also limited supply in the market but the government can keep on supplying new paper money but needs to dispose the old ones.
The difference between bitcoin and real money is that, bitcoin is an electronic money but real money is the cash on hand. Though bitcoin is also be converted to money in whatever currency that you want or need. Bitcoin and real money are all useful and bitcoin can be converted into real money through banks or in whatever way that you want that are available.
In my own personal opinion the difference between bitcoin and real money is bitcoin is for internet use only or you can only get it only in the internet, real money is that you can hold it in your both bear hands and you can only earn it in the real world. Bitcoin can be in a real money if you converted bitcoin into a real money.
The only difference that i can see on bitcoin versus the real money is being physical and virtual. Bitcoin is only digital money and the real money is physical which we are currently using right now. Another difference that i can see is in supply where bitcoin has a limited supply while real money has an unlimited.
Bitcoin is not controlled by anyone and you can earn good money without paying taxes. It is very convenient.
Indeed, we are the only one who can control it and not by the government, we do not pay taxes in every transaction we made inside the web unlike in fiat every time to you buy you pay tax even in just a small amount. Bitcoin is a real big thing which will free us from unwanted taxes if implemented worldwide and if replaced to Fiat.
Yes, it is a very convenient thing to earn and store money. Only the state would like to control it.
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