Digital money or virtual currency? - page 21.

Awoben

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Quote from: yanixbtc on May 19, 2018, 11:18:18 PM

Quote from: ICOBounty205 on March 29, 2018, 06:08:01 AM

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

Apart from the understanding of different digital currency,particularly on cryptocurrencies that being decentralize sit on the blockchain technology will have a powerful impact globally much sooner than later in today's digital world. Which means we cannot get away from the fast growing technology because we will be left behind if we won't adapt.

I know with time they will be educated on Cryptocurrency. Same happened in era of Internet. Most people that thought it's gambling will come back and learn from you.

yanixbtc

newbie

Activity: 154

Merit: 0

Quote from: ICOBounty205 on March 29, 2018, 06:08:01 AM

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

Apart from the understanding of different digital currency,particularly on cryptocurrencies that being decentralize sit on the blockchain technology will have a powerful impact globally much sooner than later in today's digital world. Which means we cannot get away from the fast growing technology because we will be left behind if we won't adapt.

Mister1k

hero member

Activity: 896

Merit: 520

Quote from: Onestepinhell on May 19, 2018, 02:36:37 AM

Well, I think that it's better all the same, probably electronic money, but more practical than real money. So it's hard to choose what's there, that there you can be robbed, so the choice is complicated, but it's better to choose an e-currency)))

I think we cannot say these things by comparing it like virtual and digital money it is not at all the correct one mate. I think better to discuss with the subject line fiat cash and crypto currency.
This discussion topic will be apt for the investors and service people here to discuss about it mate.
Normal payment with the online with the fiat will be too charabel one mate in many banks bro.

reighbut2017

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Activity: 252

Merit: 2

Quote from: ICOBounty205 on March 29, 2018, 06:08:01 AM

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

I thinks the reason is your government did not supported the use of bitcoin very well that's why people living in your country are not familiar, the government should make an information drive so people may think and choose if they want to invest or not.

Onestepinhell

full member

Activity: 462

Merit: 100

Good Morning

Well, I think that it's better all the same, probably electronic money, but more practical than real money. So it's hard to choose what's there, that there you can be robbed, so the choice is complicated, but it's better to choose an e-currency)))

guoyu78

hero member

Activity: 1190

Merit: 541

Quote from: Sum24 on May 16, 2018, 07:46:54 AM

Quote from: wandino on May 14, 2018, 05:47:40 AM

Many people often gets confuse between digital money and virtual currency. Both are different.
Virtual currency"a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community
Digital currency is a type of currency available only in digital form, not in physical (such as banknotes and coins).

Yes virtual currency and digital currency are not same at all, they have different features and different uses, But if we talk about worth and importance I think digital currency is much more high than virtual currency, as we are now in new era where everything is about internet and media that we use to reach our daily needs markets are turning payment systems to digital and bills are being payee by digital currency now so I think virtual currency or paper money is now surely being replaced by digital currency.

When we talk about any of the crypto currency, most of the time we get confused in calling these crypto coins as either virtual currency or digital money.

There is not much difference in between both the words and that you can use any of the word for any of the crypto currency. Being an investor, your focus should be on learning and managing the things well other than getting confused over name.

imstillthebest

full member

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Quote from: shield132 on May 16, 2018, 05:04:46 PM

Won't open new thread and will be glad if I hear your opinions about this.
Let's really think, what's difference between digital money and currency? In reality only payment way and the one thing: Bitcoin is currency and payment way - both together + this one changes price very frequently and you can fill your wallet with mined bitcoins from miner.
Digital money is just combination of numbers which shows you own x money on your card or on internet banking.
Nothing more, banks can even dissapear this difference but they don't so this and instead offer us bitcoin debit cards.

Quote

Let's really think, what's difference between digital money and currency?

Digital money is a money that can only be used over the internet and works only with an internet & also with a power of an electricity. A currency is a type of money that we can use to buy stuffs.

Quote

In reality only payment way and the one thing: Bitcoin is currency and payment way - both together + this one changes price very frequently and you can fill your wallet with mined bitcoins from miner.
Digital money is just combination of numbers which shows you own x money on your card or on internet banking.
Nothing more, banks can even dissapear this difference but they don't so this and instead offer us bitcoin debit cards.

Huh?to be honest i dont understand a single word on your explationation. Can you please be more specific next time on what you are trying to elaborate?

To the op:
Digital money is something to be a digital while virtual currency is something that is virtual ( like what you see in a vr glasses )

bharatgandass

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Activity: 91

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For Bounty manager - t.me/bharatgandass

Bitcoin to $250k in 2022 : Tim Draper Predicts

Tim Draper , who has good track record of predicting Bitcoin price prediction , He predicts Bitcoin price 10,000$ when bitcoin was around 350 $ three years ago has predicted bitcoin price to reach 250,000$ around in 2022.

dams87

newbie

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I do not think they know what bitcoin is due to lack of information when bitcoin or crypto has enormous potential and it should be utilized and when others just start learning about bitcoin we already enjoy the results.

agus_sna

member

Activity: 229

Merit: 10

Quote from: ICOBounty205 on March 29, 2018, 06:08:01 AM

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

Actually in my country bitcoin and so on are not prohibited but bitcoin should not be used untul sale / purchase transactions / may only be rupiahkan first and in use again, maybe this is also a method to hold bitcoin prices so as not to soar and the government will enter the world bitcoin first.

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

Won't open new thread and will be glad if I hear your opinions about this.
Let's really think, what's difference between digital money and currency? In reality only payment way and the one thing: Bitcoin is currency and payment way - both together + this one changes price very frequently and you can fill your wallet with mined bitcoins from miner.
Digital money is just combination of numbers which shows you own x money on your card or on internet banking.
Nothing more, banks can even dissapear this difference but they don't so this and instead offer us bitcoin debit cards.

Greenkarki

member

Activity: 420

Merit: 19

Quote from: Bestpromoter on May 16, 2018, 03:13:14 PM

You should be studying what is digital currency first after knowing that virtual currency and digital money are similar to each other and People in your country are not that interested in bitcoin so they can't see the idea of it. It is good that you understand the matter.

Yah I don't find any difference between virtual and Degital currency. When local currency and crypto currencies used online it's said to be degital. But virtual is always used online and it's Degital in nature. As far as I know, no crypto currency has created it's physical notes as of now. It would be really good if it happens. Waiting to feel and experience the physical bitcoin note.

Bestpromoter

full member

Activity: 322

Merit: 100

You should be studying what is digital currency first after knowing that virtual currency and digital money are similar to each other and People in your country are not that interested in bitcoin so they can't see the idea of it. It is good that you understand the matter.

mimienamphine

member

Activity: 252

Merit: 12

Money is the legal tender of every country for the payment of goods and services.Money as a concept has seen a lot of changes from the days of barter trade through to the gold standard to now fiat money which will soon disappear and taken over by digital money.Digital money is the future of money and every visionary investor is ready to be part of this revolution.

Sum24

member

Activity: 448

Merit: 10

Quote from: wandino on May 14, 2018, 05:47:40 AM

Many people often gets confuse between digital money and virtual currency. Both are different.
Virtual currency"a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community
Digital currency is a type of currency available only in digital form, not in physical (such as banknotes and coins).

Yes virtual currency and digital currency are not same at all, they have different features and different uses, But if we talk about worth and importance I think digital currency is much more high than virtual currency, as we are now in new era where everything is about internet and media that we use to reach our daily needs markets are turning payment systems to digital and bills are being payee by digital currency now so I think virtual currency or paper money is now surely being replaced by digital currency.

Brightcrypto

newbie

Activity: 105

Merit: 0

Just a matter of time, the good news we put it work, and for a better understanding, seminar need to introduced. Bitcoin is crypto currency, that is acceptable world wide.

Thian778

newbie

Activity: 112

Merit: 0

When I am buying juice in a juice stand then I prefer to use the paper money for faster payment and transaction, but when it come to booking or reservation online like fine dining restaurant, air-plain ticket, room reservation on hotels, or reserving slot for movie, I rather use digital money if possible.

goodfortune2018

newbie

Activity: 98

Merit: 0

Quote from: ICOBounty205 on March 29, 2018, 06:08:01 AM

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

For me, I prefer to choose both digital currency and virtual currency because both currency plays important role in our economy.

nniecan001

member

Activity: 322

Merit: 21

Quote from: ICOBounty205 on March 30, 2018, 12:20:01 AM

Quote from: milewilda on March 29, 2018, 03:26:43 PM

Quote from: ICOBounty205 on March 29, 2018, 06:08:01 AM

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

Isnt surprising since every countries do have their own perspective when it comes to bitcoin and other cryptocurrencies. Some might consider some might stop and just purely treating it as a fixed thing.
You cant blame them on what they do believe but we do know that it would be their own loss if they wont believe on this such potential tech.They would only accept it when bitcoins price is already at the top.

Thank you for comment.
I do not blame anyone.
The issue here is how people in my country think of Crypto.
My country is located in Southeast Asia, is a progressive country.
I believe in the near future people will understand what Technology 4.0 gives people, the country

They will surely realize those thing in the near future, just wait a little and expect more about bitcoin and other alternative coins. It's your advantage because it seems that you understand the virtual currency clearly. Adding the point that the crypto market is going up again and make a path to earn more profit. Best of luck folks.

charlizesmmes09

newbie

Activity: 28

Merit: 0

For some countries, fear is the thing that prevents the government to build and enact laws on cryptocurrency.
You can take Vietnam as an example, iFan is a scam, it took millions of from naive investors and now everybody thinks that every ICO campaign is scam.
Even some local authorities took mining hardware from miners when they don't have anything to do with ICO.

Topic: Digital money or virtual currency? - page 21. (Read 4147 times)