Post
Topic
Board Bitcoin Discussion
Re: Difference between Bitcoin and real money?
by
Kotone
on 24/04/2017, 10:38:03 UTC
I've been using bitcoin since 2014 and i will say that bitcon is more profitable than earning from descent job from office where you can get money bitcoin there are chance that bitcoin can be grow when you are stocking them into your wallet money is you just ready to spend them or put into bank with 1% interest of it in bitcoin you can do activities like trading , gambling , and investmenst.

There are many differences. I agree the bitcoin is much more profitable than fiat. Bitcoin is virtual, fiat is physical, decentralization/centralization, anyone can have a bitcoin wallet, only adults can have accounts at the banks, and consequently, only adults can deal with money on the internet with fiat payment system sites. Bitcoin makes the world easier to buy, sell and hire services.

You are certainly right, but apart from the advantages there are also drawbacks of bitcoin. For example, the risk that the price will fall. And the negative side is the long confirmation of the transactions. When using fiat, there is no such problem
The price will fall anytime but it will also rise, that is how the market move because bitcoin is not yet stable, thus, this is not good for us as not all people are willing to take bigger risk. Bitcoin is good for investors and traders but for a normal person who just want to work and spend they will need real money and that works perfect for them.
It will anytime soon bitcoin price will be dump and will be pump after two week onwards markets are truely earning from traders who also bought bitcoin time by time bitcoin will never be stable like what gold is. Taking the big risk may lead us to earn big too also accept the fact that we could lose profit with our initial sometimes spending too much on investment for altcoins is good too. It will gain us great profit.