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Author Topic: Difference between Bitcoin and real money?  (Read 110686 times)
azguard
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May 12, 2017, 09:33:56 AM
 #1461

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.

Maybe it was created to insure stability or to create stability in currencies around the world. Have anyone think about that maybe.
Crypto is something that is predicted back in early 90s of last century, and we all saw what crypto can do and for what it is capable.

So expect bitcoin to be even huge then it is now.



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May 17, 2017, 01:46:31 AM
 #1462

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.

Maybe it was created to insure stability or to create stability in currencies around the world. Have anyone think about that maybe.
Crypto is something that is predicted back in early 90s of last century, and we all saw what crypto can do and for what it is capable.

So expect bitcoin to be even huge then it is now.
As fas as I can remember, and maybe I’m wrong on this, people have imagined something like bitcoin as far as the eighties, by some people identifying themselves as cypherpunks, so I will have my doubts governments of the world developed something like bitcoin.

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Rajadurai
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May 17, 2017, 02:31:11 AM
 #1463

Bitcoin:
Spending is not easy(need some time)
Tracing not possible

Real money:
Spending is easy
Tracing possible

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notyours
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May 17, 2017, 07:32:09 AM
 #1464

Bitcoin:

Speed Up and down of price via online users/holders
More user the higher bitcoin will be.
Online transfer/hassle free
No identity
Maybe no company? cause where are the own boss here.

Real money:

Slow/ its Depend in state or other country if the value will raise..
Has more user than bitcoins users
Fiat/ paper money, can be hassle free ( cash on delivery )
Your info captured via bank, the person you paid..
lot of Company use real money / Daily lives / you can be own boss



bitcoinmasterlord
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May 17, 2017, 09:17:08 AM
 #1465

Bitcoin:

Speed Up and down of price via online users/holders
More user the higher bitcoin will be.
Online transfer/hassle free
No identity
Maybe no company? cause where are the own boss here.

Real money:

Slow/ its Depend in state or other country if the value will raise..
Has more user than bitcoins users
Fiat/ paper money, can be hassle free ( cash on delivery )
Your info captured via bank, the person you paid..
lot of Company use real money / Daily lives / you can be own boss

Not just lot of company use fiat currency, 100% of companies will do business with this fiat currency. Only the start up companies is entertaining this bitcoin now. Other than this all reputed companies prefer only fiat currency business it is legal and they will not get any problem from govt, so they prefer fiat currency.

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May 17, 2017, 11:03:53 PM
 #1466

I think the difference bitcoint with real money, bitcoint is electronic money is simple and not terintikan by any institution, the transaction is faster than the real money, the price is stable, the security of its users are assured, can be used anytime and wherever

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May 18, 2017, 12:03:26 AM
 #1467

Bitcoin:
Spending is not easy(need some time)
Tracing not possible

Real money:
Spending is easy
Tracing possible
Yeah with bitcoin you will not be traceable. Even I do not know who you are and where you come from. All because in bitcoin everything is anonymous. And that's the fundamental difference of bitcoin

jbl888
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May 18, 2017, 12:14:24 AM
 #1468

Bitcoin is certainly more real money than the green currency created out of thin air by the Federal Reserve and used to "buy" Treasury bonds ... and BTC is deflationary Smiley
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May 18, 2017, 12:18:34 AM
 #1469

Bitcoin:
Spending is not easy(need some time)
Tracing not possible

Real money:
Spending is easy
Tracing possible
Yeah with bitcoin you will not be traceable. Even I do not know who you are and where you come from. All because in bitcoin everything is anonymous. And that's the fundamental difference of bitcoin
Yes i am also glad because everyone looking for bitcoin is anonymous, But all this confidentiality is sometimes used by someone to act criminally.

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May 18, 2017, 01:01:58 AM
 #1470

Bitcoin:
Spending is not easy(need some time)
Tracing not possible

Real money:
Spending is easy
Tracing possible

yes youre probably correct and I agree with you. thats the main reason why cash is more likely use by people , but what i like bitcoin than cash is that we can earn it anonymously and here in my country, bitcoin is more higher in value than our currency. thats the sad thing about our currency, but all in all i like it both and use it both.

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TryNinja
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May 18, 2017, 01:20:01 AM
 #1471

1 - The traditional money is centralized, can be controlled and created by your government when they please. Since Bitcoin is not regulated, no one controls your money, and that's why Bitcoin is the money of the people.

2 - Bitcoin can be both investment and currency while real money is only money which is subject to inflation as the world roll.

Enjoy all the features Bitcoin can provide you while you are subject to profit in the future from Bitcoin's price rise.

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May 18, 2017, 04:10:25 AM
 #1472

The difference of bitcoin and real money is that bitcoin is a digital money and it can be only be used online and real money can be used anywhere. Also real money is known in every country and bitcoin is only considered and known by some people.

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May 18, 2017, 04:17:03 AM
 #1473

Bitcoin:
Spending is not easy(need some time)
Tracing not possible

Real money:
Spending is easy
Tracing possible
This is because the anonymous bitcoin so it is difficult for modern transactions, tracking was supposed to maintain privacy but there are parties able to do tracking.



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May 18, 2017, 07:38:32 AM
 #1474

Well, real money could get spent wherever the person wanted to spend it at. Since Bitcoin is not labeled as a real currency then spending the coin will be really limited compared to spending regular cash.

Bitcoin will get accepted by more people though it won't be called money at least for a little while.

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May 18, 2017, 10:22:28 AM
 #1475

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.

                                 Bitcoin                                                   Real Money
               
                     1.    Online payment                                   1. Being used for public businesses
                     2.    Decentralized                                      2. Centralized-controlled by the goverment
                     3.    Very Secured                                      3.  Not safe, can be steal at any moment by the bad guy
                     4.    It can be trade in the exchange            4.  Non-tradeable

     



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May 18, 2017, 11:00:35 AM
 #1476

Bitcoin:
Spending is not easy(need some time)

No any more cuz of Japan adopting it and last news from today Australia is also adopting it on July 1, with no more double tax on it. So every day we see more and more adoption of bitcoin so in mater of few year from now we could use it anywhere and anytime.



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May 18, 2017, 01:31:37 PM
 #1477

Investing longterm in btc has made many people millionaires as it is. Think about it as a stock price or somethingsimilar if you are looking to invest. You have to hold most stocks for awhile to make money. With btc fluctuating a lot each day you can buy in lower and sell later in the day or week. With btc and altcoins you have the ability to buy low sell high multiple times a day or week. Stocks dont really let you do that

If you knlw what you are doing you can make 5 to 10% everyday by day trading btc or altcoins. I do it.



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....ANGEL TOKEN....


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ringoto
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May 18, 2017, 02:40:58 PM
 #1478

Bitcoin is a virtual currency, since it is called currency, he is the general equivalent, the existence is reasonable, and bitcoin anonymous wit hai'shi Smiley

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May 18, 2017, 02:46:41 PM
 #1479

It was big difference for me bitcoin can use anywhere in country buy can only from the internet not unlike real money you can exchange it what currency would you like and use it in country you where going in but for me for the best one is bitcoin i can send anywhere it from the world wit less fee also it can earn from internet like what jobs get real money.

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lol3c
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May 18, 2017, 03:45:04 PM
 #1480

Bitcoin:
Spending is not easy(need some time)
Tracing not possible

Real money:
Spending is easy
Tracing possible
Simple compare and easy to understand. Actually, in 2016, we do not need to wait for a transaction to be confirmed because the number of transaction is not as high as it is right now. Too many people have joint the Bitcoin world

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