Post
Topic
Board Bitcoin Discussion
Re: Difference between Bitcoin and real money?
by
BlackBeauty
on 27/12/2017, 17:47:03 UTC
Real money is the legal tender of the different countries which use in daily financial transaction. It has a monetary value which can be used to buy something.
The difference of this money from bitcoin is, bitcoin can avoid the effect of inflation in the country. Its value is always increasing which will cover the possible increase in prices of goods.
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.
Bitcoin is a cryptocurrency and real money is called currency.Real money is stable and is under the control of the government or central bank.On the other hand,bitcoin is very volatile and is decentralised.Bitcoin requires internet connection to operate it and you must have some knowledge about the cryptocurrencies.Real money does not need any internet connection.You can use real money anywhere and anytime.Real money is internationally accepted while bitcoin is not even legalised.
There is a big difference between bitcoin and real currency, bitcoin is a digital currency and its use for those who have knowledge and they want to join this forum, but real currency can everyone use easily because everyone have not education and they cannot join bitcoin that's why sometime real currency is better and that is the big difference.