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Author Topic: Difference between Bitcoin and real money?  (Read 110683 times)
Question123
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February 28, 2017, 12:11:47 PM
 #1001

I think bitcoin is more convenient to use for my opinion. You can use bitcoins in many ways like shopping online. paying bills, booking flight. Bitcoin has many uses in nowadays. But in real money you can buy anything with it thats a good point but can we use real money in other many  online transaction like booking flights or reservation etc. Bitcoin will be always be my E-currency to use.
Agree yes bitcoin as of now are many use they use it to buy gadgets online, shopping , pay bills , and even buy loads. Bitcoin is for the whole world and online transaction . Bitcoin digital currency . while real money is paper this is use to buy needs that you need everyday and daily uses. Bitcoin have potential to increase the price while real money is stable and same value so if you have many bitcoin in your wallet if you convert it you have many real money. I like bitcoin and also real money because both have different uses.

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February 28, 2017, 05:55:35 PM
 #1002

I think so much that distinguishes between real money and bitcoin. transactions using real money, I think is happening so fast, because it occurs directly. today, bitcoin transaction to be so slow. so, it is one difference.
That can be one difference but technically there are so many differences like the price of currency doesn't increase even if it increases it doesn't make any difference while bitcoins price keeps changing time to time.
Why Bitcoin is becoming more popular in the digital market just because of the BTC price. If the price stable like real currency then no one will use this bitcoin. But bitcoin have one big advantage what means we can not duplicate this currency. But we can make duplicate real currency. Fake notes we can print and release in the market, this is big disadvantage of real currency. Transaction wise both will take the same time to confirm payment.
Yeah that's right fake currency is pretty common these days , but there is more chance of getting caught i may be wrong
maybe the media is manipulating the viewers that the government is able to control fake currency but i hardly doubt that
is actually the truth. And about time i feel that bitcoin will take more time compared to currency any day.

Sure you can print out an image that looks exactly the same as paper money. But paper money has so much details in it. When you use a violet light (if that's what it's called), you'll see that there are lines on your money. Not sure about your currency, though. But in my place, fake paper money can easily be identified since there are parts of the paper in the real paper money that can't be copied perfectly since it requires different types of equipment

These paper bills are low quality counterfeit money

Good counterfeit money is virtually indistinguishable from genuine bills. You would need special equipment, and I guess the best counterfeit bills will look in ultraviolet light the same as real ones. That's why there are many protection levels against counterfeiting and which are often changes at that. In fact, some governments had been caught in the past counterfeiting other nations' currencies. For example, during the Civil War in the US the Unionists had been printing so-called graybacks, the Confederacy money, to undermine their finances

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February 28, 2017, 08:50:05 PM
 #1003

Bitcoin has something the Fiat currency does not have and it is frequent volatility. Its one of the reason why you need to invest or not in Bitcoin, depending on your perspective. In volatility traders will automatically love it because they know when to buy and sell. But if it is not your type of risk them definitely Bitcoin investing is not for you.
Volatility exist on fiat too, but since there are so many fiats around the world sometimes we may not notice, countries that are in bad shape are the ones that suffer from the greatest volatility, and that affect their citizen on a profound way.



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February 28, 2017, 10:25:03 PM
 #1004

difference bitcoin has advantages in terms of its value increasingly rising,in contrast to real money drop price bitcoin more desirable because stable prices but bitcoin has a great risk of losing rather than real money dependent people who have a need bitcoin or real money,choose a digital money or real money is the same because all for payment transactions.
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February 28, 2017, 10:36:19 PM
 #1005

difference bitcoin has advantages in terms of its value increasingly rising,in contrast to real money drop price bitcoin more desirable because stable prices but bitcoin has a great risk of losing rather than real money dependent people who have a need bitcoin or real money,choose a digital money or real money is the same because all for payment transactions.


I don't really know what you are trying to say but I am thinking of the volatility of bitcoin from what you are saying so maybe that's it. Bitcoin's price is really unpredictable and some users like that. What I like most in bitcoin is its price is higher than the fiats so we can earn money by earning bitcoin.


 
 
 
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March 01, 2017, 04:06:59 AM
 #1006

The difference between bitcoin and real money?
- Real money does not increase it value if just hold it on you wallet literally, while bitcoin increases its value from time to time.
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March 01, 2017, 09:08:44 AM
 #1007

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?

So that you can spend the bitcoins when you want to buy things that can be purchased with bitcoins?

Or, if you believe in the long term potential of Bitcoin, then so that you can increase your purchase power as the bitcoins are valued more?

Or, so that you can secure your money with a password and create a backup of your money?

Or, so that you can protect your money from the erosion of inflation caused by the excessive printing of more currency?

If I want to buy stocks or invest money I can easily invest with real $.

Bitcoin is real money.

Why would I convert my $ to bitcoins?

You already asked that.  I already answered it.


If I want to gamble , I can simply gamble on websites that require $ as currency,

If you want to gamble, you can simply gamble on websites that require bitcoins as a currency.  Why would you convert your bitcoins to $?

why would I convert it to bitcoins?

You've now asked that question 3 times.  I've answered it once.  Once is enough.

What's the difference between Bitcoins and dolars?

Here are just a few differences:
  • Bitcoins are an electronic form of money.  Dollars are a physical form of money made of linen.
  • Bitcoins are limited in quantity.  The Federal Reserve can create as many dollars as they want.
  • You can create a backup of your access to bitcoins.  You can't create a backup of your dollars.
  • You can secure your access to your bitcoins with a password and cryptography.  You can't encrypt your dollars.
  • It is much easier to store a large amount of bitcoins.  It can be difficult to securely store a large amount of dollars.
  • You can send bitcoins over the internet.  It is difficult and/or expensive to send dollars over significant distances.

What does bitcoin bring to the table that real $ don't, less taxes, more income?

Bitcoin IS real money.  You've now asked the same question 4 times.  I think you might have a problem with repetition.

There are many differences between bitcoin and real money. There are some advantage and disadvantages of it. The advantage of bitcoin is that it is very easy to store and earn it. You can use it as a money too. You can buy things that you want and you can use it for some investments but the disadvantage of it that some places/stores/establishments don't accept bitcoin yet. You cannot use it in other store. In the real money, the advantage of it is that it is the main money that we use. The difference is any establishment will accept it because it is real. But the disadvantage of it is sometimes it is main reason of people that became bad because of richness. Smiley

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March 01, 2017, 09:26:38 AM
 #1008

Bitcoin is a store of value because it can operate without government.
Money don't.

Best explained using a triangle, placing Money and Bitcoin and Gold into the edges.

The connection between Bitcoin and Gold looks obvious. Both of them can exist independently.
Both are connected to Money as in beeing interchangeable.

Money itself looks a tad dependant upon someone backing it up with value or violence.

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March 01, 2017, 09:40:50 AM
 #1009

The difference between bitcoin and real money?
- Real money does not increase it value if just hold it on you wallet literally, while bitcoin increases its value from time to time.
Fiat was never meant to increase or hold its value. That's the reason people leave their money in their savings account to gain a certain percentage in intererest annually.

Nowadays it's not worth it anymore and thus people are looking for investment opportunities as they rather take a bit more risk than having their money in their savings accounts do nothing.

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March 01, 2017, 10:58:46 AM
 #1010

There are many difference of bitcoins over fiat money that if you think on its feature you will convert yoir dollars into bitcoins.
Bitcoins is anonymous you can make transactions without tracing or knowing the sender or receivers identity ,No tax ,No hassle and more faster than any remitance.
If we go in gambling ,there are many online gambling sites that accept bitcoins and you will find it more cheaper because you can bet with a little amount than a real casino it requires big amounts to bet .
So all in all Digital currency (Bitcoin) have many advantages over fiat money.

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March 01, 2017, 11:10:48 AM
 #1011

There are many difference of bitcoins over fiat money that if you think on its feature you will convert yoir dollars into bitcoins.
Bitcoins is anonymous you can make transactions without tracing or knowing the sender or receivers identity ,No tax ,No hassle and more faster than any remitance.
If we go in gambling ,there are many online gambling sites that accept bitcoins and you will find it more cheaper because you can bet with a little amount than a real casino it requires big amounts to bet .
So all in all Digital currency (Bitcoin) have many advantages over fiat money.

Difference Btc and Real money is Real money is controlled by Government. and BTC no one controlled

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March 01, 2017, 11:14:35 AM
 #1012

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?


Actually, there are many topic that discuss about this compare. But if you want to know more specific, there would be some notes, writes that talk about this and I think they are really help.
All of your questions can be answered by simple reason that is you can avoid from being tracked by another people, include government. Yeah, I'm talking about the anonnymous factor of cryptocurrency.
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March 01, 2017, 05:21:53 PM
 #1013

The difference between bitcoin and real money?
- Real money does not increase it value if just hold it on you wallet literally, while bitcoin increases its value from time to time.

That's not always the case

There are quite a few deflationary currencies out there (e.g. the Swiss franc) which increase their value on their own. That's the reason why Switzerland banks had to implement negative interest rates (i.e. you pay the banks for storing your money). Essentially, it depends both on the Central bank monetary policy (inflationary or deflationary) and overall economic situation in a certain country. On the other hand, Bitcoin rising could just as easily turn into Bitcoin falling, in a matter of hours if not minutes

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March 01, 2017, 05:25:11 PM
 #1014

difference bitcoin has advantages in terms of its value increasingly rising,in contrast to real money drop price bitcoin more desirable because stable prices but bitcoin has a great risk of losing rather than real money dependent people who have a need bitcoin or real money,choose a digital money or real money is the same because all for payment transactions.


I like this advantage of bitcoin because of it I have a chance of getting more profit. And another thing with bitcoin is that when the market cap of it is getting higher the value of it will getting higher that means that many people are trusting it.

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March 01, 2017, 07:47:52 PM
 #1015

Difference between Bitcoin and real money?

The phrase 'real money' always makes me chuckle.
The label 'Bitcoin' rarely does.
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March 01, 2017, 07:57:24 PM
 #1016

Bitcoin has something the Fiat currency does not have and it is frequent volatility. Its one of the reason why you need to invest or not in Bitcoin, depending on your perspective. In volatility traders will automatically love it because they know when to buy and sell. But if it is not your type of risk them definitely Bitcoin investing is not for you.
Volatility exist on fiat too, but since there are so many fiats around the world sometimes we may not notice, countries that are in bad shape are the ones that suffer from the greatest volatility, and that affect their citizen ion a profound way.
we do not notice the volatility in the fiat because fiat is regulated on a normal and saturated form so the demand or supply do not over ride. While as bitcoin is still not available with everyone so sometimes the demand is increased and value is also increased and sometimes supply is increased and value is decreased.

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March 02, 2017, 01:58:54 AM
 #1017

The differences are:
Bitcoin is fast with transfers
Bitcoin can't be taken away if you have depths
Bitcoin isn't accepted everywhere
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March 02, 2017, 03:36:34 AM
 #1018

Bitcoin is digital value type of money which you can only view it on the web network, while real money can be hold through your hand and be withdrawn from an atm machine or bank account transaction. You can only hold bitcoin amount using an online wallet but you could not hold it in real form without banking exchange.

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SirPol85
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March 02, 2017, 04:26:35 AM
 #1019

Bitcoin is digital value type of money which you can only view it on the web network, while real money can be hold through your hand and be withdrawn from an atm machine or bank account transaction. You can only hold bitcoin amount using an online wallet but you could not hold it in real form without banking exchange.
The difference of course is clear and very sensitive. If you remove at least one factor required for normal use bitcoin, such as the Internet and everything, all the advantages cryptocurrency, or in other words a digital currency runs.
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March 02, 2017, 05:39:03 AM
 #1020

Bitcoin is digital value type of money which you can only view it on the web network, while real money can be hold through your hand and be withdrawn from an atm machine or bank account transaction. You can only hold bitcoin amount using an online wallet but you could not hold it in real form without banking exchange.
The difference of course is clear and very sensitive. If you remove at least one factor required for normal use bitcoin, such as the Internet and everything, all the advantages cryptocurrency, or in other words a digital currency runs.
But we are not going to the old days, the world is moving and so technology is improving, bitcoin is timely for us since it will help us to make a faster transaction and a less costly. Real money is what makes the government controls us but if we are all using bitcoin, we will have freedom but this freedom will likely to cause a chaos.

I do not doubt the success of bitcoin that's why I am also investing on for long term, but I doubt also if it would replace the system of the world which is centralized, so I guess it's best to have both real money and bitcoin.



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