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Author Topic: Difference between Bitcoin and real money?  (Read 110686 times)
SirLancelot
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November 05, 2016, 06:39:20 PM
 #141

Bitcoin is a digital currency you can
easily send money to other people
whenever you want in just one snap.
This makes the transactions faster.
Money is legally accepted by the government of all contries while use of bitcoin is not allowed in some counties.Money can be produced in physical form while Bitcoin is only meant to bedigital currency so cannot be produced physically.


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November 05, 2016, 06:45:31 PM
 #142

Bitcoin is not the currency of any country and Bitcoin is only digital currency so there are a big different between Bitcoin and real money  for example Bitcoin is not legal currency for lots of country because of If someone steals your money what will you do ? Law  can help to you and your problem about Bitcoin ? i dont think so .


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November 05, 2016, 07:43:49 PM
 #143

Bitcoin is a digital currency you can
easily send money to other people
whenever you want in just one snap.
This makes the transactions faster.
Right but the question was how it differs from rel money, the only difference in countries where there are people who buy/sell bitcoins and give cash to local users is that they can touch real cash while bitcoins they cannot being digital.

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November 05, 2016, 07:55:10 PM
 #144

Money can be seen and touched.Since Bitcoin is a digital currency, it cannot be touched,Transactions through money costs more charges and transactions through bitcoins is made at very low cost.Transaction through money is traceable and transaction through Bitcoins is untraceable.Tansactions through Bitcoins through money is fast and transactions through Bitcoins is also fast but confirmation time for Bitcoin transaction is slow.
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November 05, 2016, 08:52:04 PM
 #145

Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.

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November 05, 2016, 09:10:09 PM
 #146

Money can be seen and touched.Since Bitcoin is a digital currency, it cannot be touched,Transactions through money costs more charges and transactions through bitcoins is made at very low cost.Transaction through money is traceable and transaction through Bitcoins is untraceable.Tansactions through Bitcoins through money is fast and transactions through Bitcoins is also fast but confirmation time for Bitcoin transaction is slow.

Yes, the BTC is only present on the virtual world, real money is everywhere. But the BTCs are anonymous and easiest to use. But in the end all of them are currencies, so: Money.

The transactions can be fast, you just need to pay highest fees. Maybe you are paying low amounts on transaction fees, so the it's going very slow...

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November 05, 2016, 09:19:39 PM
 #147

Although real money as you call it may have more advantages over bitcoin like universal acceptance, government guarantee etc but bitcoin itself has a lot more advantages like faster transfer of money, less transaction fee and no intermediaries. So, bitcoin can be good choice over real money
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November 05, 2016, 09:25:32 PM
 #148

I believe converting cash to bitcoin is good because bitcoin can be store for future uses and it appre Kate with time and bitcoin is easy to carry in your phones wallet
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November 05, 2016, 09:49:58 PM
 #149

I believe converting cash to bitcoin is good because bitcoin can be store for future uses and it appre Kate with time and bitcoin is easy to carry in your phones wallet
Yes it is good , the difference saving money and bitcoin is the price. Bitcoin price is alway rise against fiat. So I think bitcoin better than fiat.

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November 05, 2016, 09:50:44 PM
 #150

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 are currently a newbie and you do not know about the interesting features of bitcoin that is why you are asking like that. In the start I was also asking the same from me but when I researched and studied more about bitcoin I started to invest more and more money in bitcoin.

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November 05, 2016, 10:10:59 PM
 #151

The difference is bitcoin is easy to use and no taxes fee and you should invest in bitcoin because the price of bitcoin is not stable and the price is increasing year by year.. if you can check the chart of fluctuate of bitcoin from 2013 as starting point you can see the difference from before and right now..
In gambling we can easily gamble without giving our real identity..  and play without worrying because of gambling is ban in your place.

=Bitcoin is going to crash? base on other analysis so expect for huge drop=
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November 05, 2016, 10:55:16 PM
 #152

the most difference for me is i can use real money to buy something in offline and online daily life, and bitcoin is only can be use in internet for now but i hope it would be apply for future. and beside that, only few people in the world that know bitcoin and use bitcoin in their daily life and all people in the world is know real money even for the children is know real money and they really love to use it to buy something in local store.
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November 05, 2016, 11:40:22 PM
 #153

The bitcoin can be used everywhere on the world so that is pretty nice and what it also is, that its digital so you can access it everywhere in the world.
I think that its pretty nice and you can also not lose it so easily these days like normal cash.
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November 06, 2016, 01:28:33 AM
 #154

The difference bitcoin its a currencie and payment processor decentralized, where we can make unlimited transactions that does charge low fees, fiat has too many rules and you cant use it at others countries in the general, something you can make with bitcoin anywhere.


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Howdy :)


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November 06, 2016, 07:46:29 AM
 #155

Well, some simple words why you would convert your $ into BTC. They are :-

Privacy. Faster Transactions. No network Fees (or very minimal). Security.

That's it. Now if you want to convert $ into BTC or not, that's up to you totally.
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November 06, 2016, 08:31:31 AM
 #156

Bitcoin is real money. It's not imaginary magical internet currency. It has value, that surpasses that of any fiat currency.

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November 06, 2016, 04:17:19 PM
 #157

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?

Firstly, it brings less taxes, as far as I know, because you just pay 20 000 Satoshi per transaction. Secondly, Bitcoin is very promising, because its price is growing and the amount of Bitcoins is finite. Converting money into Bitcoins 'at the end of the day' might be extremely unprofitable, because Bitcoin will cost a lot more then. Finally, Bitcoin is not just a currency. It is a specific ideology of having a right to spend your money without someone's control and being independent of governments.


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November 06, 2016, 06:05:24 PM
 #158

There's many difference between bitcoin and real money because bitcoin is just digital money which have no physical existence. It is not printed like paper money but it is stored in computer. It is a peer to peer payment system. Bitcoin is no centralized so it doesn't have any tax. So go for it dude
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November 06, 2016, 06:09:04 PM
 #159

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?


The difference is that real money is physical (cash) and bitcoin is virtual, also the real money is virtual but we can withdraw them in cash, the difference I think is who accepts bitcoin and who real money, this is the main difference because the bitcoin holders can't use bitcoin everywhere we want.
Yes, they can be converted into each other but the difference between both of them is that real cash can be used to purchase goods and daily needs while bitcoins being limited to online shopping. I am sure the shops will open in future where we can pay BTC and buy things but at least for now that's the difference between cash and BTC.

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November 06, 2016, 06:12:52 PM
 #160

There are many differences of bitcoin and real money.. bitcoin you can use it online as alternative real money you can buy anytime there.. in bitcoins you should have too because many other will exchange it fast and instanly in our place.
yeah we can be use bitcoin for online shopping but i think we will be use bitcoin as real money in the near future and we can be use it for anytime in any shops and i see that bitcoin  more improving its technology.

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