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Author Topic: Difference between Bitcoin and real money?  (Read 110676 times)
123kape123
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October 06, 2017, 03:52:27 PM
 #1661

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.

Base on my researching that said the money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. And the bitcoin is there is no central authority creating new money or clearing transactions.
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October 06, 2017, 10:44:21 PM
 #1662

It is totally different. Bitcoin is not a money. It is an asset but it is not a money. Money is something that we can use to buy things right away. We may use Bitcoin to buy things but we have to convert it in fiat before we can use it to buy things.
I don't agree with you, We can use bitcoin to buy things in the internet or maybe in some real shops in few countries, so absolutely it's a money. Sometimes we didn't need to convert in real money to buy things, we can use it directly to buy things.
Anyways, I think the diffence between bitcoin and real money is one is virtual and the other one is real, also the volatility of price.

milandres0207
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October 06, 2017, 11:15:29 PM
 #1663

Bitcoin for me is money, because what money does can also of bitcoin. Like for example paying bills online ar shoping through internet you can use bitcoin to pay the things that you buy the only difference is you can handle it through your arms but through your computer or cellphone with internet access you can use it. But the characteristic of both is same.

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October 06, 2017, 11:26:14 PM
 #1664

Bitcoin for me is money, because what money does can also of bitcoin. Like for example paying bills online ar shoping through internet you can use bitcoin to pay the things that you buy the only difference is you can handle it through your arms but through your computer or cellphone with internet access you can use it. But the characteristic of both is same.
bitcoin is money but in digital form so for proof in its form does not exist because of its nature
but for its function is equal to money even exceeds the ordinary money that is only for transactions

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October 06, 2017, 11:27:12 PM
 #1665

It is totally different. Bitcoin is not a money. It is an asset but it is not a money. Money is something that we can use to buy things right away. We may use Bitcoin to buy things but we have to convert it in fiat before we can use it to buy things.
I don't agree with you, We can use bitcoin to buy things in the internet or maybe in some real shops in few countries, so absolutely it's a money. Sometimes we didn't need to convert in real money to buy things, we can use it directly to buy things.
Anyways, I think the diffence between bitcoin and real money is one is virtual and the other one is real, also the volatility of price.


The volatility of bitcoin price really affects how people who've invested asset can make possibilities to aim for higher bitcoin values, but if we compared it to fiat money virtual currency can be very much appreciated when it comes to profitable earnings. The investments that people are trying to focus with is to aim for better future that will have to gain huge price as well.

bitcoinjames6
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October 06, 2017, 11:30:30 PM
 #1666

Something that bitcoin brings that other fiat money doesn't bring, at least in theory, is the finite nature of bitcoin, as the cap of minted coins is only supposed to hit 21 million.
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October 06, 2017, 11:33:27 PM
 #1667

Well bitcoin and real money can be invested or can be use in payments however the difference between bitcoin and real money is that real money is more easier to use in payments than bitcoin. Some company or stores don't accept bitcoin as payment so in order to use bitcoin you need to conver it into real money.

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October 07, 2017, 12:43:32 AM
 #1668

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?


If you have a day job or just by looking at the salary of every worker. Then you will notice that they have tax and multiple deductions coming from government compare to working on ico's or rather called campaigns. The only deduction you will get will be depending on the market price of the current coin.

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October 07, 2017, 12:49:52 AM
 #1669

The difference between bitcoin and real money is only in the form and manner of use. As for the function remains the same. Bitcoin is used as the same means of payment as real money. The era of digitalization has changed everything, bitcoin provides us with ease in a growing variety of online transactions.

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October 07, 2017, 01:12:41 AM
 #1670

The difference between bitcoin and real money is only in the form and manner of use. As for the function remains the same. Bitcoin is used as the same means of payment as real money. The era of digitalization has changed everything, bitcoin provides us with ease in a growing variety of online transactions.
I agree with you because bitcoin and real money have the same functionality as currency and means of payment. but because of the advancement of the technological era the bitcoin provides convenience and benefits to its owners. but for online transactions the bitcoin it's very expensive and long to confirm so I suggest to use another cryptocurrency.

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The Monkey King
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October 07, 2017, 02:30:08 AM
 #1671

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 only difference between the bitcoin and the real money is only its form and the manner of use. As for its function and importance remains the same. Bitcoin is used as of payment like what real money do. And the bitcoin provides people with an easy way of transaction or online transactions.

Vendetta666
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October 07, 2017, 02:50:24 AM
 #1672

The money you can use anywhere in the purchase of shopping malls in stores and most of the transactions you make will have to be used.
Bitcoins are limited only you can use them for online purchases. It's just like a gold that was once used as a currency.

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fishbonez11
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October 07, 2017, 03:19:58 AM
 #1673

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment  but personally, I do it for the purpose of diversifying.

khokon150
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October 07, 2017, 03:24:04 AM
 #1674

First big difference real money means only offline money on the other hand Bitcoin is digital currency or online currency.Although real money easily convert any currency on the other hand Bitcoin convert process is something difficult.

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Giebaymax
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October 07, 2017, 03:29:55 AM
 #1675

bitcoin just as a digital currency but the advantages of bitcoin that we can use to shop anywhere for those who already receive with payment bitcoin while for real money can also be used to shop anywhere just we too much to carry the money and very vulnerable to the action criminal around you even though there are many credit cards to make the payment with a simple but it is flowering while the bitcoin never eat the interest just get some fee only and for me use bitcoin is better. technology is getting more sophisticated so we have to follow this development and never wasted a chance there..

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Rosa Paula
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October 07, 2017, 04:07:48 AM
 #1676

Some difference between bitcoin and real money.Such as If i transaction some bitcoin dollar then First I need a device.Moreover all Shop, hotel and other place can't accept bitcoin yet.but On the other hand Real money acceptable all place all time.But the time will come when Bitcoin will be used like real money.

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October 07, 2017, 04:20:59 AM
 #1677

Some difference between bitcoin and real money.Such as If i transaction some bitcoin dollar then First I need a device.Moreover all Shop, hotel and other place can't accept bitcoin yet.but On the other hand Real money acceptable all place all time.But the time will come when Bitcoin will be used like real money.
That is only one perspective that you can say about Bitcoin being compared to Fiat Currency. Obviously Bitcoin in terms of acceptance will be defeated by any Fiat Currency as they are the official currency of their respective countries and it is their most common medium of exchange, expecting Bitcoin to overtake in terms of usage any kind of Fiat currency is not a realistic expectation.

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October 07, 2017, 04:32:04 AM
 #1678

The difference in bitcoin with real money can be seen from the physical side, real money can consist of paper money and metal, while the bitcoin is different. Different because it has no physical form, but with a mathematical number. The difference of bitcoin with real money can also be seen from its value, if the dollar tends to be more stable value while bitcoin has high fluctuation rate.

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October 07, 2017, 04:47:54 AM
 #1679

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment  but personally, I do it for the purpose of diversifying.
we have seen the change in the world after the invention of computers and internet and the world is becoming a place where the digital aspect gets more and more important. I personally barely have physical money on me since I can either use my banking app in combination with my NFC enabled smartphone to pay for things. although physical money is also your basic need to fulfill your daily needs but i think this is also gonna be change and world will really dependent on cryptocurrency and internet banking.

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October 07, 2017, 04:56:02 AM
 #1680

Yes the difference is simple the bitcoin is type of money but it is intangible asset or we can say that it is digital form of money while in the case of other currency is paper money or coins. Simple the bitcoin is also real but we can exchange it to other currency first then we will withdraw our amount so that will be tangible form money.

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