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Author Topic: Difference between Bitcoin and real money?  (Read 110683 times)
yishak
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March 18, 2017, 03:01:56 PM
 #1101

Dollar is on paper, Bitcoin is on internet

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March 18, 2017, 03:14:40 PM
 #1102

Bitcoin is really not that different from regular money, it is jut that since bitcoin is mostly digital there is not much use for it in our regular lives.
A realise is bitcoin is decentralized and not endless printing. So it is more profitable for us to use bitcoin rather than fiat. If you use bitcoin your value of your money is increase everytime, your transaction become more easier, faster, safer and government will not tax it.  
So bitcoin and fiat is the same, it is money. But bitcoin  is give us more benefit rather than fiat.
yes the main difference between bitcoin and the real money is that bitcoin is online decentralize digital currency while fiat is centralize currency with different value from place to place.

I can see that people can just see the difference of two though its easiness of the access. But then as I say, they are in different concept. Real money cant be compare with  digital currency and same is true for digital currency.

Yes and the only difference is people have more faith in paper money as they are using it from long time and can hold it physically and bitcoin is virtual so they don't have same level of trust on bitcoin as they feel that it can disappear at any time.


 
 
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March 18, 2017, 04:03:25 PM
 #1103

Money is anything used to exchange value in transactions.

Suppose I have a 1985 Corvette and you have chickens.  Also suppose you'd like to have my car.  I may not particularly need chickens, but if I know that pretty much everyone else wants chickens, we will be able to agree on a number of chickens to trade for my car.  I then trade other people chickens for things that I want from other people.  The chickens here are acting as money here without being currency.

Currency is a specific kind of money, often called fiat money, that is established by governments to centralize an economy onto one kind of transaction medium.  In most, if not all, systems currency takes the form of coins and paper bills, though this is quickly being reduced to balances stored and dispersed on credit/debit cards.

In common use, though, the two are more-or-less synonymous.
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March 18, 2017, 04:13:36 PM
 #1104

I dont see anything different between Bitcoin and other currencies, and i believe Bitcoin is in fact real money, as we can use it online to buy and sell things, and also we can convert it to fiat easily without any issue.
The only difference its not yet used offline worldwide like the other currencies.
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March 18, 2017, 04:35:32 PM
 #1105

I dont see anything different between Bitcoin and other currencies, and i believe Bitcoin is in fact real money, as we can use it online to buy and sell things, and also we can convert it to fiat easily without any issue.
The only difference its not yet used offline worldwide like the other currencies.

It will take time to get accepted offline but there is no worries as to make purchases either we can exchange it to fiat or else we can use bitcoin debit card which is accepted even at offline places for shopping.
I can see one major difference between Bitcoin and Fiat and that is Fiat Currency is controlled by the government and Bitcoin is controlled by rich individuals. You see here he who controls the currency controls its price. This difference leads to the fact that Bitcoin is not stable because at anytime one might sell all Bitcoin resulting to a price drop. The government on the other hand would rather have a stable currency in which the country can rely on.

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March 18, 2017, 04:36:12 PM
 #1106

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 transaction, and the bitcoin price is not like dollars that has stability, and for some reason gaining profit from online jobs is what makes bitcoin valuable to others, and it has an easy transaction where no identity is needed, people can have their transaction anonymously with bitcoin.

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March 19, 2017, 08:09:30 AM
 #1107

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


why would I invest money in Bitcoins at the end of the day?
 - Because the price of bitcoin was bouncing or fluctuates from time to time, and sometimes its aggressive to swings.

why would I convert money into Bitcoins?
 - because of the volatility of bitcoin has, unlike in real money is not. and it could be double or more your dollars amount you have once you
convert it into bitcoin. which is not possible into a real currency.

 What's the difference between Bitcoins and dollar?
 - Dollar is commonly used anywhere in the world whether physical payment or online payment, while bitcoin can only be use in all aspects of online payments. Their differences only was bitcoin is unregulated digital currency and Dollars was regulated currency.


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March 24, 2017, 01:47:14 AM
 #1108

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


why would I invest money in Bitcoins at the end of the day?
 - Because the price of bitcoin was bouncing or fluctuates from time to time, and sometimes its aggressive to swings.

why would I convert money into Bitcoins?
 - because of the volatility of bitcoin has, unlike in real money is not. and it could be double or more your dollars amount you have once you
convert it into bitcoin. which is not possible into a real currency.

 What's the difference between Bitcoins and dollar?
 - Dollar is commonly used anywhere in the world whether physical payment or online payment, while bitcoin can only be use in all aspects of online payments. Their differences only was bitcoin is unregulated digital currency and Dollars was regulated currency.



Yes, correct bitcoin is the digital currency the difference is quite clear with real money shaped real until now bitcoin increasingly develops over time, however, the acceptance of digital currency is still limited unlike currency physical that has been used by everyone.
Transactions bitcoin not controlled by financial institutions or government anything that's because, in the system bitcoin, the process of their transactions are direct to the recipient address bitcoin unlike currency real that processes transactions are passing intermediaries the financial institutions.

 






 






 






Bitcoin0916
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March 25, 2017, 09:53:00 AM
 #1109

I dont see anything different between Bitcoin and other currencies, and i believe Bitcoin is in fact real money, as we can use it online to buy and sell things, and also we can convert it to fiat easily without any issue.
The only difference its not yet used offline worldwide like the other currencies.

It will take time to get accepted offline but there is no worries as to make purchases either we can exchange it to fiat or else we can use bitcoin debit card which is accepted even at offline places for shopping.
I can see one major difference between Bitcoin and Fiat and that is Fiat Currency is controlled by the government and Bitcoin is controlled by rich individuals. You see here he who controls the currency controls its price. This difference leads to the fact that Bitcoin is not stable because at anytime one might sell all Bitcoin resulting to a price drop. The government on the other hand would rather have a stable currency in which the country can rely on.

The big matter bitcoin is not appoved by the government. I think the fundamental difference between real money and bitcoin is physical form and can be used directly. Currently, the weakness of the bitcoin is can not be used for real transactions directly. But I'm sure a lot of the time the market accept bitcoin.
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March 25, 2017, 09:56:28 AM
 #1110

I dont see anything different between Bitcoin and other currencies, and i believe Bitcoin is in fact real money, as we can use it online to buy and sell things, and also we can convert it to fiat easily without any issue.
The only difference its not yet used offline worldwide like the other currencies.
I agree with you . bitcoin today is like real money. because bitcoin is easy to use in various places. bitcoin current developments such as the currency of a country. bitcoin accepted in many places though not legally recognized by the government.

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March 25, 2017, 10:04:16 AM
 #1111

Bitcoin is a digital money like paypal, skrill, credit card etc. The difference between them, is Bitcoin is crypto currency. It's not centralized, which means nobody owns Bitcoin but its users. and there is no central station who manage and host it except the Bitcoin miners.

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March 25, 2017, 01:13:51 PM
 #1112

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?

You can get lots of returns by investing in bitcoins and nothing with fiat.You could transfer huge amount of money via BTC without depending on the banking system.In some countries,their currency value suffers a lot due to inflation and people of such countries have started adopting bitcoin.
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March 29, 2017, 06:56:10 PM
 #1113

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?

Literally, bitcoin is a virtual currency which commonly used for now in digital payments so far like in online payment such as shopping online,   travel tours just like usd, euro, and yen. While real money can be useful in public business, private, but not in online payment.

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March 29, 2017, 10:39:52 PM
 #1114

Bitcoin can go to zero if forks / be to centralized / someoe will have quantum computer and decrypt priv keys and DUMP all BTC to 0.
Real money like cigarettes/alcohol/drugs/gold/silver/art will NEVER go to 0 ... even fait banknote can not go to 0 u can use it to fire and heat house Smiley

Bitcoin can go to 0 value this is main difference.

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GreenBits
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I have no mouth and I must scream.


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March 29, 2017, 10:46:07 PM
 #1115

Bitcoin can go to zero if forks / be to centralized / someoe will have quantum computer and decrypt priv keys and DUMP all BTC to 0.
Real money like cigarettes/alcohol/drugs/gold/silver/art will NEVER go to 0 ... even fait banknote can not go to 0 u can use it to fire and heat house Smiley

Bitcoin can go to 0 value this is main difference.

This pretty much sums it up..Bitcoins are cool and all, but they are magic internet money..that is, bitcoin only exists as long as you are in a wifi field. As much as I love bitcoin, cash has some distinct advantages you just can't get past: Actual private,.untraceable transactions, instant liquidity in most markets around the world,  and I can hold it in my hand.

Cash is king.

Jogibear
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March 29, 2017, 11:05:29 PM
 #1116

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?


Beware if Your trying to escape the bankers ...They are here already.

Both a good and bad sign ...

It means that they see the earning potential of crypto concurrences and want in.

It also means they bring their Years of honed skills at market manipulation to the Crypto world.

So How free You really are is dependent on How trustworthy the network is and if a 51 % Mining share is possible then ur not free at all.

Your just now caughtup in a system that has no legal recourse in the event of something going wrong ... unlike wall street.
Dam I cant believe that just came out my mouth Sorry but it has been my latest lesson in Crypto.
With that said I just bought USD 100 worth of bitcoin.

Point of fact is there are huge profits with huge risks.
FasTroy
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March 29, 2017, 11:19:28 PM
 #1117

Bitcoin is a digital money like paypal, skrill, credit card etc. The difference between them, is Bitcoin is crypto currency. It's not centralized, which means nobody owns Bitcoin but its users. and there is no central station who manage and host it except the Bitcoin miners.
You are right, Bitcoin is a cryptocurrency. It's like bank in the internet. as you said paypal, skrill and neteller ... etc. But it's more variable than money in any real currency. Bitcoin price can go up or down at any moment. so this is the different about bitcoin and money in online banks.
By the way. There is a lot of difference about bitcoin and real money. The main is, we can use bitcoin only online. we can convert it to fiat. but it still a cryptocurrency not a real currency.

traderethereum
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DIMPAY: Invest for Tomorrow. Today.


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March 29, 2017, 11:40:27 PM
 #1118

Bitcoin is a digital money like paypal, skrill, credit card etc. The difference between them, is Bitcoin is crypto currency. It's not centralized, which means nobody owns Bitcoin but its users. and there is no central station who manage and host it except the Bitcoin miners.
You are right, Bitcoin is a cryptocurrency. It's like bank in the internet. as you said paypal, skrill and neteller ... etc. But it's more variable than money in any real currency. Bitcoin price can go up or down at any moment. so this is the different about bitcoin and money in online banks.
By the way. There is a lot of difference about bitcoin and real money. The main is, we can use bitcoin only online. we can convert it to fiat. but it still a cryptocurrency not a real currency.

the different between bitcoin and money is from the usage, bitcoin is mostly used in internet, but money is only used in offline and we can not use bitcoin in offline as there is a few local store that want to accepting bitcoin as payment. the other different is bitcoin is applied for every country without limited, but money is for one country and we need to exchange with another currency when we are in outside of our country.

BeGoods
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March 30, 2017, 12:06:48 AM
 #1119

Bitcoin is a digital money like paypal, skrill, credit card etc. The difference between them, is Bitcoin is crypto currency. It's not centralized, which means nobody owns Bitcoin but its users. and there is no central station who manage and host it except the Bitcoin miners.
I think bitcoin differs from PayPal, Skrill, credit card, they are not the currency, while bitcoin is the currency?
yeah difference bitcoin with real money is decentralization that owned by bitcoin and centralization owned by real money

stephanirain
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March 30, 2017, 12:11:02 AM
 #1120

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?

You should convert your momey into bitcoins in order for you to make and investments, do crypto currency trading, and purchase stuffs online. Bitcoins has a huge difference in dollars since dollar is a fiat money. Bitcoin is another market called crypto currency which is quite close to foreign exchanger, they just differ on how their market movement be affected.

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