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Author Topic: Difference between Bitcoin and real money?  (Read 114802 times)
BeGoods
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May 18, 2017, 12:03:26 AM
 #1461

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
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May 18, 2017, 12:14:24 AM
 #1462

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
 #1463

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
 #1464

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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May 18, 2017, 01:20:01 AM
 #1465

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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Dontme
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May 18, 2017, 04:10:25 AM
 #1466

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
 #1467

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
 #1468

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
 #1469

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
 #1470

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
 #1471

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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May 18, 2017, 02:40:58 PM
 #1472

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
 #1473

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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May 18, 2017, 03:45:04 PM
 #1474

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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May 18, 2017, 04:14:03 PM
Last edit: May 18, 2017, 05:02:38 PM by Osarman
 #1475

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

Real money:
Spending is easy
Tracing possible
i think spending bitcoin for online transaction is much more easy because we can buy anything with bitcoin at our home from online website and we do not need to get out from home to buy something and there is a lot of website are accepting bitcoin and its very good to buy something from anywhere and we can safe and secure our money in bitcoin because bitcoin is much more secure than bank.
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May 18, 2017, 04:23:34 PM
 #1476

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

Real money:
Spending is easy
Tracing possible
i think spending bitcoin for online transaction is much more easy because there is a lot of website are accepting bitcoin and its very good to buy something from anywhere and we can safe and secure our money in bitcoin because bitcoin is much more secure than bank.
I think what he meant about needing some "time" is the time in taking the transactions for it to confirm. Also if you think Bitcoin is better for online transactions think again as if you are not remembering credit cards and debit cards are the most widely use payment options around the web as they are the ones who provide fast and reliable transactions. Before you compare Bitcoin to Fiat you must have a solid claim as still the last time I look cash is king.
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May 18, 2017, 06:21:34 PM
 #1477

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

You seem to have spent plenty of time formatting your post

I guess you should have spent that time reading more about what "real money" is. I don't know what you mean by "public businesses" (it seems that you refer to public sector here), but fiat is no less tradable than Bitcoin. You may have heard about Forex, but Forex is certainly not the only place (if it had a place) where currencies are traded. There are quite a few currency derivatives markets which consist of exchanges that trade currency futures and options as well as a host of other currency derivatives (like currency swaps) with which I'm not very familiar myself

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May 18, 2017, 06:49:40 PM
 #1478

"Real money"? lol. The biggest difference is that bitcoin will be around a lot longer than fiat if that is what you are referring to and that is a huge difference.
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May 18, 2017, 07:16:37 PM
 #1479

honestly there aren't any difference at all but the society is making it difficult to their stability and their accessibility to keep the balance. its true that they are the greatest issues in todays generation and everyone is talking about them as everyone wants other stuffs with these. we made the money for ourselves and now we are forgetting its real existence and why it can actually is made for. bitcoin is far better than real money in every sense. they are more user friendly , more secure, more transparent ,more cool and easily adoptable for anyone. to steel bitcoins hackers have to work even harder
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May 18, 2017, 08:33:13 PM
 #1480

"Real money"? lol. The biggest difference is that bitcoin will be around a lot longer than fiat if that is what you are referring to and that is a huge difference.
I also thinking the same that after the coming of bitcoin fiat will not remain in use for longer time. I have doubt that a time will come when bitcoin will replace fiat and then people will call the fiat as the money of older age and will call bitcoin as the currency of the modern age. That difference is currently not obvious to most of the people but with time people will notice the same thing as we are thinking.
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