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Author Topic: Difference between Bitcoin and real money?  (Read 110632 times)
leonair
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May 05, 2017, 11:35:07 PM
 #1441

There is not much of a difference between real money and Bitcoin. Since money is mainly a term that is used by the people in the IMF most people have forgotten what money actually means. I am pretty sure that Gold is really money and in that view Bitcoin is nothing like Gold because Gold is a valuable item.
Currency is just a made up thing that brainwashes the civilians into thinking that they have the power to do whatever it is that they want because they have more of a certain item. Bitcoin is kind of the same as Currency.

I agree to you bro, every single thing that has value can be consider money for me, because you can exchange it with another valuable thing plus it is simply trading when you are doing the exchanges. It is just Bitcoin is not tangible compare to a real money.
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Silberman
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May 06, 2017, 02:28:55 AM
 #1442

Welcome to Bitcoin and to the Forum!

The questions you're asking are great ones. However, they're also questions that you can find answers to REALLY easily on this forum or Google. I'd encourage you to do some reading here and then come up with some more specific questions.

I can help get you started with some simple answers.

Why would I invest in bitcoin? All sorts of reasons ranging from pure curiosity to love of new technology to investment diversification. Bitcoin is used as currency to buy things and as a store of value, i.e., a place to house your savings with hopes of value appreciation or hedging against the depreciation of stocks or savings held in fiat currency. One example often used is that of Cyprus. Are you familiar with the country of Cyprus and it's severe monetary crisis from a few years back? It was so bad that the Cyprus government controlled how much money their citizens could take out of their banks. Think about that. That government telling you that you can't access your very own money! How scary is that? Bitcoin offers an alternative. No government (currently) can seize control of your bitcoin, this represents safety and security.

What's the difference between bitcoin and dollars? Bitcoin isn't regulated by any government. It isn't created "out of thin air" as fiat currency is. There will only ever be a finite amount of bitcoin, which controls it's value. Once all bitcoin is mined there will be 21 million in existence, that's it. No one can ever create more (as is done every year with fiat currency). When fiat currency is created by central banks they reduce the value of the existing currency in the market, which results in inflation of prices. This is why the price of every day things (that haven't changed in 50 years, like groceries or utilities) have gone up in price over time. There's a lot of other differences, but it's better for you to read up on them.

Why would I gamble with bitcoin? I don't, but if you want to you can gamble for significantly smaller portions of money (like cents as opposed to dollars or tens of dollars). And you can do it from the convenience of your computer.

Here are a few links for you to explore:

Feel free to respond with other questions. I think you'll get better response if you educate yourself a bit first and then come back with more specific questions.

Have you bought any bitcoin yet? Do you have a wallet yet? (If you don't, PM me and I'll set you up and give you some bitcoin)

Good luck to you!
Bitcoins is electronic or digital kind of money while real money is made from paper.Bitcoins don't have exact value like real money and the value of bitcoins will increase or decrease depends on the market.
Fiat does not have an exact value either, the dollar may say it is still worth a dollar but the amount of stuff you can buy with that dollar decreases every second you hold that dollar that is why you can go to the market and then realize that the stuff you used to buy with your money keeps decreasing.

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AjithBtc
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May 06, 2017, 02:36:31 AM
 #1443

There is not much of a difference between real money and Bitcoin. Since money is mainly a term that is used by the people in the IMF most people have forgotten what money actually means. I am pretty sure that Gold is really money and in that view Bitcoin is nothing like Gold because Gold is a valuable item.
Currency is just a made up thing that brainwashes the civilians into thinking that they have the power to do whatever it is that they want because they have more of a certain item. Bitcoin is kind of the same as Currency.

I agree to you bro, every single thing that has value can be consider money for me, because you can exchange it with another valuable thing plus it is simply trading when you are doing the exchanges. It is just Bitcoin is not tangible compare to a real money.
That's not true bro, if everything with certain value can be considered as a currency what makes the difference between the currency developed by the government. When you have the availability to use without restrictions as well the access to  convert to fiat with certain value then it can be considered a currency.



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leonair
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May 06, 2017, 02:47:30 AM
 #1444

There is not much of a difference between real money and Bitcoin. Since money is mainly a term that is used by the people in the IMF most people have forgotten what money actually means. I am pretty sure that Gold is really money and in that view Bitcoin is nothing like Gold because Gold is a valuable item.
Currency is just a made up thing that brainwashes the civilians into thinking that they have the power to do whatever it is that they want because they have more of a certain item. Bitcoin is kind of the same as Currency.

I agree to you bro, every single thing that has value can be consider money for me, because you can exchange it with another valuable thing plus it is simply trading when you are doing the exchanges. It is just Bitcoin is not tangible compare to a real money.
That's not true bro, if everything with certain value can be considered as a currency what makes the difference between the currency developed by the government. When you have the availability to use without restrictions as well the access to  convert to fiat with certain value then it can be considered a currency.

I said 'can be consider' not totally a currency. All thing in this world has it's price except the feelings that you really feel.
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May 06, 2017, 06:17:47 AM
 #1445

There is not much of a difference between real money and Bitcoin. Since money is mainly a term that is used by the people in the IMF most people have forgotten what money actually means. I am pretty sure that Gold is really money and in that view Bitcoin is nothing like Gold because Gold is a valuable item.
Currency is just a made up thing that brainwashes the civilians into thinking that they have the power to do whatever it is that they want because they have more of a certain item. Bitcoin is kind of the same as Currency.

But isn't it actually the case? You can hire someone to do something. You can even hire someone to kill another person. Money gives you power. Just accept it. You can't move to another country without money at all. Sure, you can travel without spending money, you only have to be related to the owner of the travel company. But, the owner of the travel company still has to spend money to make you go to another country. Therefore ultimately, money was still used.

Money make the world go round and that's the truth. If personalities like Kim K. or Kylie Jenner didn't have money, they wouldn't be so relevant in the whole world and they wouldn't have so much power and influence to people.

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May 06, 2017, 09:29:08 AM
 #1446

Bitcoins is electronic or digital kind of money while real money is made from paper.Bitcoins don't have exact value like real money and the value of bitcoins will increase or decrease depends on the market.
Fiat does not have an exact value either, the dollar may say it is still worth a dollar but the amount of stuff you can buy with that dollar decreases every second you hold that dollar that is why you can go to the market and then realize that the stuff you used to buy with your money keeps decreasing.

Fiat doesn't have an exact value and most of the local currencies are depending it's worth of market value to dollars. And that's the same thing with bitcoin, the price of bitcoin is depending to it's market cap and it's medium for exchanging is through dollars. They are have a lot of similarity and as well as differences.

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May 06, 2017, 02:21:17 PM
 #1447

First of all bitcoin is anonymous and cash not, when you want to cash out your bitcoin you have to pay some fee to do that, that's not happening with real money, and also you can use your bitcoin where you are but you'll have exchange your money with the currency there is where you are.
The difference between bitcoin and real money is simply, bitcoin was created to take the place of fiat and to adopt to the current way of life and the different needs of people who by the time changed their thoughts and their habits, having internet or online shopping was something that we didn’t know existed before and now it is a  part of our daily lives, and the digital world that we are going toward needs to have a different way for us to pay for things and from that idea came the bitcoin.

But I believe that one day we will be having bitcoins with no differences from fiats. Yes, bitcoin will do all the actions our local fiat will be doing.



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May 06, 2017, 02:29:37 PM
 #1448

Money is nothing more then something we have given value to and is small and easy to carry and use everywhere. You can trade money for anything you want since it has value. Bitcoin is the same since it also has value but usually Bitcoin is seem more as an asset like stocks. That's why the exchanges are basically digital stock markets.
Correct sir, in real money all people can able to used it even poor people they can while in bitcoin limited people can used it because not all people can afford gadgets to access bitcoin.
For now bitcoin is much better to invest than using real money because the value of bitcoin now is very high and it was continuous increasing, more investor now start to add some amount of money as bitcoin investment.
If you will look at the bigger picture, you will see that majority of the world's population are still poor and because of their status in life they will not be interested with the newest technology, their main purpose to live now is just to earn money to buy food at the very simple way that they know.
That's true, when one gets the basic requirement he/she focus towards the next level of growth. There are people who are struggling to find even a one time food. In such scenario technology aspects won't make them attracted to it, though it provides them some earning access.
That's sad but it is also true. There are more than 500 million people in world who are not aware of google itself so how can we expect them to adapt to digital payments or even be aware of bitcoin.

Yeah very few people prefer to go for cashless world as some of them are even scared of using credit cards for making purchases and we cannot expect them to start using bitcoins as they will always prefer to use fiat for their shopping purposes.
The thing is current situation of cashless economy is internet. Idk about your country but in my country a 500 mb data cost 5-10$ which is actually a lot. I do like the initiate samsung is trying to bring using samsung pay but unfortunately it doesn't work in every store.

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May 07, 2017, 01:51:18 PM
 #1449

First of all bitcoin is anonymous and cash not, when you want to cash out your bitcoin you have to pay some fee to do that, that's not happening with real money, and also you can use your bitcoin where you are but you'll have exchange your money with the currency there is where you are.
The difference between bitcoin and real money is simply, bitcoin was created to take the place of fiat and to adopt to the current way of life and the different needs of people who by the time changed their thoughts and their habits, having internet or online shopping was something that we didn’t know existed before and now it is a  part of our daily lives, and the digital world that we are going toward needs to have a different way for us to pay for things and from that idea came the bitcoin.

But I believe that one day we will be having bitcoins with no differences from fiats. Yes, bitcoin will do all the actions our local fiat will be doing.

Maybe our got the thing right that it was created to replace fiat but it won't happen so soon it will take lot f time.

Coinroll - Bitcoin Gambling

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May 09, 2017, 02:12:24 AM
 #1450

Bitcoins is electronic or digital kind of money while real money is made from paper.Bitcoins don't have exact value like real money and the value of bitcoins will increase or decrease depends on the market.
Fiat does not have an exact value either, the dollar may say it is still worth a dollar but the amount of stuff you can buy with that dollar decreases every second you hold that dollar that is why you can go to the market and then realize that the stuff you used to buy with your money keeps decreasing.

Fiat doesn't have an exact value and most of the local currencies are depending it's worth of market value to dollars. And that's the same thing with bitcoin, the price of bitcoin is depending to it's market cap and it's medium for exchanging is through dollars. They are have a lot of similarity and as well as differences.
Yeah, it is not like in the old times where the currencies of the world were defined by a specific amount of gold in the vault of the government, now all the currencies of the world are not backed by anything so their value changes depending on the amount of currency they print, how solid their economy is and other factors.

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Schuyler
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May 09, 2017, 02:21:54 AM
 #1451

First of all bitcoin is anonymous and cash not, when you want to cash out your bitcoin you have to pay some fee to do that, that's not happening with real money, and also you can use your bitcoin where you are but you'll have exchange your money with the currency there is where you are.
The difference between bitcoin and real money is simply, bitcoin was created to take the place of fiat and to adopt to the current way of life and the different needs of people who by the time changed their thoughts and their habits, having internet or online shopping was something that we didn’t know existed before and now it is a  part of our daily lives, and the digital world that we are going toward needs to have a different way for us to pay for things and from that idea came the bitcoin.

But I believe that one day we will be having bitcoins with no differences from fiats. Yes, bitcoin will do all the actions our local fiat will be doing.

Maybe our got the thing right that it was created to replace fiat but it won't happen so soon it will take lot f time.
If bitcoin is to replace fiat, a lot of its qualities would have to be dropped, like decentralization and pseudonymity. You can't expect it to really replace fiat without being subjected to government policies. And once government controls a certain currency, it will not lose some unique qualities that made it bitcoin in the first place. So I don't think bitcoin is really going to replace fiat, but maybe something else that could be a hybrid fiat and cryptocurrency.


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Sadlife
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Why so serious?


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May 09, 2017, 02:34:26 AM
 #1452

The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.






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Gameroid
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May 09, 2017, 06:53:20 AM
 #1453

The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.
to me i think the only difference is that bitcoin is a digital currency while real money is paper money, we cannot use real money for online purpose for that you have to pass though different process and only then you can become able to use your paper money for online purpose. while bitcoin can be use for online purpose without changing it into any other currency. most of the online shops are now accepting bitcoin for online shopping.

Japinat
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May 09, 2017, 08:55:47 AM
 #1454

The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.
to me i think the only difference is that bitcoin is a digital currency while real money is paper money, we cannot use real money for online purpose for that you have to pass though different process and only then you can become able to use your paper money for online purpose. while bitcoin can be use for online purpose without changing it into any other currency. most of the online shops are now accepting bitcoin for online shopping.
Real money could also be in the form of digital and can be use online, the difference with bitcoin is it is still under the control of the government since we are adopting the centralized system regulated by the government. Bitcoin is popular now because it's decentralized which is not a conventional way of payment processor and in general it gives more benefits to us users than using a fiat system based.

Diced90
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May 09, 2017, 09:12:22 AM
 #1455

First of all bitcoin is anonymous and cash not, when you want to cash out your bitcoin you have to pay some fee to do that, that's not happening with real money, and also you can use your bitcoin where you are but you'll have exchange your money with the currency there is where you are.
The difference between bitcoin and real money is simply, bitcoin was created to take the place of fiat and to adopt to the current way of life and the different needs of people who by the time changed their thoughts and their habits, having internet or online shopping was something that we didn’t know existed before and now it is a  part of our daily lives, and the digital world that we are going toward needs to have a different way for us to pay for things and from that idea came the bitcoin.

But I believe that one day we will be having bitcoins with no differences from fiats. Yes, bitcoin will do all the actions our local fiat will be doing.

Maybe our got the thing right that it was created to replace fiat but it won't happen so soon it will take lot f time.
If bitcoin is to replace fiat, a lot of its qualities would have to be dropped, like decentralization and pseudonymity. You can't expect it to really replace fiat without being subjected to government policies.
As you have said once  the government gets control of bitcoin through the central bank certain qualities will have to be dropped and other service providers like mixing companies will be affected as it would want total control and accountability of how we all spend them.

And once government controls a certain currency, it will not lose some unique qualities that made it bitcoin in the first place. So I don't think bitcoin is really going to replace fiat, but maybe something else that could be a hybrid fiat and cryptocurrency.
you kind of contradict your self here because for a known fact unique qualities(features) will be dropped to suit their control strategies if bitcoin ever replaced fiat.
roadbits
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May 09, 2017, 09:46:01 AM
 #1456

The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.
to me i think the only difference is that bitcoin is a digital currency while real money is paper money, we cannot use real money for online purpose for that you have to pass though different process and only then you can become able to use your paper money for online purpose. while bitcoin can be use for online purpose without changing it into any other currency. most of the online shops are now accepting bitcoin for online shopping.
Real money could also be in the form of digital and can be use online, the difference with bitcoin is it is still under the control of the government since we are adopting the centralized system regulated by the government. Bitcoin is popular now because it's decentralized which is not a conventional way of payment processor and in general it gives more benefits to us users than using a fiat system based.
Bitcoin is more profitable for BTC users, and fiat is profitable for governament because they will collect tax from our every transaction. Bitcoins we no need to pay extra tax to govt that is why they were not allowed bitcoins to use in daily life. But now some online shoppes are accepting in some countries let's wait for our chance. 
nethan1btc
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May 09, 2017, 10:29:00 AM
 #1457

The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.
to me i think the only difference is that bitcoin is a digital currency while real money is paper money, we cannot use real money for online purpose for that you have to pass though different process and only then you can become able to use your paper money for online purpose. while bitcoin can be use for online purpose without changing it into any other currency. most of the online shops are now accepting bitcoin for online shopping.
Real money could also be in the form of digital and can be use online, the difference with bitcoin is it is still under the control of the government since we are adopting the centralized system regulated by the government. Bitcoin is popular now because it's decentralized which is not a conventional way of payment processor and in general it gives more benefits to us users than using a fiat system based.
Bitcoin is more profitable for BTC users, and fiat is profitable for governament because they will collect tax from our every transaction. Bitcoins we no need to pay extra tax to govt that is why they were not allowed bitcoins to use in daily life. But now some online shoppes are accepting in some countries let's wait for our chance.  

Yeah you're right bitcoin is not taxable unlike fiat currency system which is honored by goverment and they can manipulate on the point of how many percentage of tax amount will they get from the salary of the working individuals. In bitcoin digital currency economy we have our own freedom of choice in order to choose what is the best for our financial source, and gladly we can also have the advantage of bitcoim to be our source of fiat cash. With that opportunity of exchanging btc to fiat cash, we can spend it to sustain also for our personal need specially to those who had their own families to support.

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Doms
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May 09, 2017, 10:41:09 AM
 #1458

The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.
to me i think the only difference is that bitcoin is a digital currency while real money is paper money, we cannot use real money for online purpose for that you have to pass though different process and only then you can become able to use your paper money for online purpose. while bitcoin can be use for online purpose without changing it into any other currency. most of the online shops are now accepting bitcoin for online shopping.
Real money could also be in the form of digital and can be use online, the difference with bitcoin is it is still under the control of the government since we are adopting the centralized system regulated by the government. Bitcoin is popular now because it's decentralized which is not a conventional way of payment processor and in general it gives more benefits to us users than using a fiat system based.
I would have to agree that bitcoin is slowly gaining popularity in different parts of the world. Since bitcoin has been officially accepted in Japan as payment, a spike in its actual usage has been seen. More shops are planning on accepting it as well because it is more economical to use than a foreign currency in which additional charges are being added because of conversion rate.
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May 09, 2017, 04:13:08 PM
 #1459

The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.
to me i think the only difference is that bitcoin is a digital currency while real money is paper money, we cannot use real money for online purpose for that you have to pass though different process and only then you can become able to use your paper money for online purpose. while bitcoin can be use for online purpose without changing it into any other currency. most of the online shops are now accepting bitcoin for online shopping.
Real money could also be in the form of digital and can be use online, the difference with bitcoin is it is still under the control of the government since we are adopting the centralized system regulated by the government. Bitcoin is popular now because it's decentralized which is not a conventional way of payment processor and in general it gives more benefits to us users than using a fiat system based.
Bitcoin is more profitable for BTC users, and fiat is profitable for governament because they will collect tax from our every transaction. Bitcoins we no need to pay extra tax to govt that is why they were not allowed bitcoins to use in daily life. But now some online shoppes are accepting in some countries let's wait for our chance

You seem to be confusing something here

Government doesn't tax fiat transactions and it doesn't need that, they can tax money itself (so-called inflation tax). You seem to refer to transaction fees that banks and other payments processors charge you on your money transfers. But, first, these fees have nothing to do with taxes (apart from banks paying taxes on their profits in which the fees are included also), and, second, they are entirely arbitrary in the sense that financial institutions are free in respect to the amount to charge and whether to charge anything at all

Silberman
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May 12, 2017, 02:23:10 AM
 #1460

First of all bitcoin is anonymous and cash not, when you want to cash out your bitcoin you have to pay some fee to do that, that's not happening with real money, and also you can use your bitcoin where you are but you'll have exchange your money with the currency there is where you are.
The difference between bitcoin and real money is simply, bitcoin was created to take the place of fiat and to adopt to the current way of life and the different needs of people who by the time changed their thoughts and their habits, having internet or online shopping was something that we didn’t know existed before and now it is a  part of our daily lives, and the digital world that we are going toward needs to have a different way for us to pay for things and from that idea came the bitcoin.

But I believe that one day we will be having bitcoins with no differences from fiats. Yes, bitcoin will do all the actions our local fiat will be doing.

Maybe our got the thing right that it was created to replace fiat but it won't happen so soon it will take lot f time.
If bitcoin is to replace fiat, a lot of its qualities would have to be dropped, like decentralization and pseudonymity. You can't expect it to really replace fiat without being subjected to government policies. And once government controls a certain currency, it will not lose some unique qualities that made it bitcoin in the first place. So I don't think bitcoin is really going to replace fiat, but maybe something else that could be a hybrid fiat and cryptocurrency.
This is false, you are just seeing the way things works now and then trying to apply that to bitcoin, currencies have not always work the way they do now, bitcoin is a new concept and whether is going to replace fiat or not, bitcoin is not going to lose its characteristics.

.

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