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Author Topic: Difference between Bitcoin and real money?  (Read 110686 times)
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May 22, 2017, 02:28:20 PM
 #1521

Difference between bitcoin and real money for me is confirmation process as its today. Real money doesnt have this. However, bitcoin always superior and we can make choice to invest.
Real currency and bitcoin has lot many differences starting from the controllability. Real money is the base which is quite essential for a perfect economic growth whereas bitcoin as well other digital currencies made the economic development a step ahead with much ease. So when everything goes into further development bitcoin goes mainstream.

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May 22, 2017, 02:51:49 PM
 #1522

Difference between bitcoin and real money for me is confirmation process as its today. Real money doesnt have this. However, bitcoin always superior and we can make choice to invest.

Real money doesn't have confirmation process or time because you can simply it with an instant for whomever you are transacting. And real money can be spend everywhere because it's the universal medium or currency. Bitcoin is still not yet accepted by most of the society and countries so that's a big difference.

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May 22, 2017, 03:34:07 PM
 #1523

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?

Answer your question:
1. So that you can manage money without having to depend on a particular country, it only depends on supply and demand.
2. I think you can use real money instead of Bitcoin if you use Internet Banking with Visa, but it will not be as popular with Bitcoin as it is today.
3. That's your reason, I do not know what the purpose of this question is ...
4. Yeah, if you compare the level of anonymous and speed on the internet, real money can not be equal to Bitcoin, especially Bitcoin does not depend on any other country. Your profit will up more every year if you are a Bitcoin investor (more and more people use the increased value - similar to gold)

I think it can help you, welcome to Bitcointalk Forum and Bitcoin Community


     
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May 22, 2017, 05:59:11 PM
 #1524

Difference between bitcoin and real money for me is confirmation process as its today. Real money doesnt have this. However, bitcoin always superior and we can make choice to invest.
yes it is true, bitcoin process sometimes, takes hours or days before we can get ur money, while in banks that having a real money, it take only a minute to withdraw it, but for me , i still choose  bitcoins over that real ones.

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May 22, 2017, 06:39:39 PM
 #1525

Difference between bitcoin and real money for me is confirmation process as its today. Real money doesnt have this. However, bitcoin always superior and we can make choice to invest.
yes it is true, bitcoin process sometimes, takes hours or days before we can get ur money, while in banks that having a real money, it take only a minute to withdraw it, but for me , i still choose  bitcoins over that real ones.

Delay in confirmation is not a big deal as you can reduce the transaction time by adding higher fees and you will get your money within few minutes so the only difference between both of them is you cannot hold bitcoins physically in your wallet unlike real money and that is the reason people have less faith in bitcoins as they trust more something that they can hold physically.


 
 
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May 22, 2017, 06:57:44 PM
 #1526

Difference between bitcoin and real money for me is confirmation process as its today. Real money doesnt have this. However, bitcoin always superior and we can make choice to invest.
yes it is true, bitcoin process sometimes, takes hours or days before we can get ur money, while in banks that having a real money, it take only a minute to withdraw it, but for me , i still choose  bitcoins over that real ones.

One should also not forget that bitcoin has many advantages. For example, deflation and anonymity. This is not if you use real money.

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May 22, 2017, 07:08:22 PM
 #1527

There are many differences of bitcoin and real money, One of which is bitcoin More flexible to use than real money.
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May 22, 2017, 07:18:02 PM
 #1528

The Problem about Bitcoin is that it doesnt have enough Solid trustworthy Offline value.

For example , lets say the government declares a Order which forbids to hoard bitcoins and to buy bitcoins , and they shutdown all mining farms . So tell me how you are going to cover your coins with a dead network and no one to able to move it?

On the other hand , Gold has a Physical value , you can touch it rub ur di.ck on it do w/e .

Or lets say the Network implodes in itself because of the high traffic?

Im a bit sceptical but these questions had to be asked at some point dont they?
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May 22, 2017, 08:03:02 PM
 #1529

Real money depreciates in value whilst bitcoin is a gift that keeps on givin'
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May 22, 2017, 09:00:43 PM
 #1530

Real money depreciates in value whilst bitcoin is a gift that keeps on givin'

Bitcoin likewise depreciates and has been the case . Which currency doesn't appreciate or depreciate in value. I want to add that Bitcoin is both a currency and a commodity and so stop treating it as just a currency but more than a currency.



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May 22, 2017, 09:04:23 PM
 #1531

We all know that bitcoin has value the better so that we can use for investment. or our daily use we have to depend on our national currency. For online transactions we can use bitcoin because it is safest one for online transaction. bitcoin is used online and depends a whole lot on internet, but our modern day world relays on that so much and it is built and works around the internet
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May 22, 2017, 09:29:36 PM
 #1532

There are many differences of bitcoin and real money, One of which is bitcoin More flexible to use than real money.
It is flexible because you can use it online if the merchant is accepting bitcoin. And if you want to use it, you can just simply convert and sell it to cash or real money. Despite of their differences, I prefer to use them both and we need both of them in able to have a good transactions every time we want to buy something.



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May 23, 2017, 01:40:00 AM
 #1533

There are many differences of bitcoin and real money, One of which is bitcoin More flexible to use than real money.
It is flexible because you can use it online if the merchant is accepting bitcoin. And if you want to use it, you can just simply convert and sell it to cash or real money. Despite of their differences, I prefer to use them both and we need both of them in able to have a good transactions every time we want to buy something.
I'm still hoping in the near future there will be more merchants that is going to accept bitcoin, it is important
to make that happen so bitcoin will remain progressive and we can make more money from our investment.
This will not actually improve if it does not give good benefits to the people.

 
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May 23, 2017, 01:59:14 AM
 #1534

There are many differences of bitcoin and real money, One of which is bitcoin More flexible to use than real money.
It is flexible because you can use it online if the merchant is accepting bitcoin. And if you want to use it, you can just simply convert and sell it to cash or real money. Despite of their differences, I prefer to use them both and we need both of them in able to have a good transactions every time we want to buy something.
I'm still hoping in the near future there will be more merchants that is going to accept bitcoin, it is important
to make that happen so bitcoin will remain progressive and we can make more money from our investment.
This will not actually improve if it does not give good benefits to the people.

The development of bitcoin is lacking in most of the countries especially when it comes to spending them at offline places for shopping as there are to many countries who are aware about it and I think it will take long time for bitcoin to get used and accepted like fiat currency.
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May 24, 2017, 03:32:54 AM
 #1535

Bitcoin wouldn't replace regular fiat because the amount of people that use fiat is at a high amount compared to the amount of people that use Bitcoin for payments. I think that Bitcoin is the only payment method that allows people to send money to the other people online without spending that much money online for transactions.

People like to spend Bitcoin then complain that the transaction fee is just  at a high amount that will sway the people far from Bitcoin though they don't really know that they don't have to spend that much money on Bitcoin transactions. If people keep that up then there won't be a need for Bitcoin to replace regular money.

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May 24, 2017, 05:44:07 AM
 #1536

Bitcoin wouldn't replace regular fiat because the amount of people that use fiat is at a high amount compared to the amount of people that use Bitcoin for payments. I think that Bitcoin is the only payment method that allows people to send money to the other people online without spending that much money online for transactions.

People like to spend Bitcoin then complain that the transaction fee is just  at a high amount that will sway the people far from Bitcoin though they don't really know that they don't have to spend that much money on Bitcoin transactions. If people keep that up then there won't be a need for Bitcoin to replace regular money.

Bitcoin is very much more efficient in financial transactions because it only needs to use smartphones and internet, we can make transactions wherever we want with very light and fast cost, in fiat we continue to deal with tax transactions between countries and interest rates are much more. It should be a lot of people already have to understand about bitcoin.

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May 24, 2017, 07:35:30 AM
 #1537

the only difference i see is, real money is more centralized than BTC and its all instamine  Grin
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May 24, 2017, 09:20:26 AM
 #1538

the only difference i see is, real money is more centralized than BTC and its all instamine  Grin
You cannot mine real money because they are created by the government but i agree with you that the only difference that you see is being centralized of real money because that is what government wants, they want a controllable money and that is the real money while bitcoin is decentralized so they hate it because they didn't have any control of it and it will prevent corruption which is bad for other officials.

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May 24, 2017, 08:51:58 PM
 #1539

There are many differences of bitcoin and real money, One of which is bitcoin More flexible to use than real money.
It is flexible because you can use it online if the merchant is accepting bitcoin. And if you want to use it, you can just simply convert and sell it to cash or real money. Despite of their differences, I prefer to use them both and we need both of them in able to have a good transactions every time we want to buy something.
I'm still hoping in the near future there will be more merchants that is going to accept bitcoin, it is important
to make that happen so bitcoin will remain progressive and we can make more money from our investment.
This will not actually improve if it does not give good benefits to the people.

I think there were given merchants that will adopt bitcoin in the future. Once they saw that the demand of bitcoin is high, those new coming merchants will study on how bitcoin works. And it will be good for them, why? Because they will have another payment option and they can accept bitcoin, PayPal or fiat money so it's a variety of choices for them.



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May 25, 2017, 07:18:04 AM
 #1540

the only difference i see is, real money is more centralized than BTC and its all instamine  Grin
You cannot mine real money because they are created by the government but i agree with you that the only difference that you see is being centralized of real money because that is what government wants, they want a controllable money and that is the real money while bitcoin is decentralized so they hate it because they didn't have any control of it and it will prevent corruption which is bad for other officials.
Only the government can make money with their own money, bitcoin is decentralized which is opposite to the government current system and it's a new idea to give us a full privacy with our money even if we make transaction online. People started to believe with bitcoin and you can tell that by the way the price pump currently. Also, one big advantage of holding bitcoin is it does not inflate unlike real money regulated by the government.

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