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Author Topic: Difference between Bitcoin and real money?  (Read 113828 times)
craigpo
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October 08, 2017, 04:56:46 AM
 #1701

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?

Why would you convert money into Bitcoins? The same reason that people convert money into shares and gold, for long term investments and to have more diverse assets, not just fiat.

Yes ^^^ Great for investments, but since there's a debit card being introduced for BTC, then I guess it would replace fiat. Just don't know how that would go down....what do we do with all of our gold? lol
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October 08, 2017, 05:08:55 AM
 #1702

Well it is different by the name by the spelling by the uses by the rate by the duration by the place by the application wether digital or manual different creators though seriously bitcoin has been going on since 2008 apporximately 8 years ago and rate was different 8 years ago from $0.08  to $4300 now. What the jail? How did thay do that even the us state has been going on it has grown over 1% or 2 look at that masaive difference in values and age t

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October 08, 2017, 05:37:56 AM
 #1703

The main and most important difference between bitcoin and cash or some say real money is the acceptance of it, bitcoin is currently famous as just an online currency which isn't accepted everywhere but tak money is accepted and valued everywhere.

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October 08, 2017, 07:04:34 AM
 #1704

bitcoin is a digital currency that can be use only in internet and real money available as bills and coin to spend,rather than existing only as items on financial accounts.

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October 08, 2017, 07:07:54 AM
 #1705

The obvious difference is bitcoin is a digital currency, you can only use it through online transactions unless you convert it to your local currency. While real money can be use anywhere specially on a physical stores. Bitcoin is a good option to store your real money and gain profits because of its value, the price of bitcoin is increasing day by day thats why its also good for investment. Though they are both currencies but their functions and uses are slightly different.

Yeah that's true. Bitcoin is more for an investmenr rather than for daily expenses. We can only use bitcoin if we convert it ro cash which became a real money. Bitcoin helps us to earn for living. We can use cash 24/7 to buy anything but bitcoin we can use only in online payment. They shouldn't be compared because 1 bitcoin in our country is equivalent to thousands. That's why bitcoin is a big help for us to earn.

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October 08, 2017, 07:20:12 AM
 #1706

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?


Why Bitcoins? Well I think Bitcoins is a faster to transact than real money. I am not sure about the gambling issue because I don't do things like that. Taxes however are different to every country and there's nothing we can do about it.

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October 08, 2017, 07:26:19 AM
 #1707

Why would you convert money into bitcoin? I will not going to make things goes complicated the answer is because bitcoins price keeps growing from time to time. And if you invest now your money to bitcoin and waited for atleast 6 months to 1 year your money may double or triple. That's it.

The difference between fiat and bitcoins is what you've said which is you can earn a lot of money without paying taxes. But not just that there are many features of bitcoin that makes it better than the fiat such as

* Can be used world wide.
* Can be used as a mode of payment (Only in internet and some of the countries)
* Fast transaction.
* Low fee transactions
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October 08, 2017, 07:47:31 AM
 #1708

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?


Why Bitcoins? Well I think Bitcoins is a faster to transact than real money. I am not sure about the gambling issue because I don't do things like that. Taxes however are different to every country and there's nothing we can do about it.
Bitcoin is decentralized therefore it's fast, we do not need 3rd party for every transactions that we are going to make and that makes us retain ourprivacy.In addition it's the best investment since it's limited supply will surely make the price appreciate its value overtime as demand increases, for now I focus my investment with bitcoin and I am willing to hold on for longer period.

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October 08, 2017, 08:28:30 AM
 #1709

Bitcoin is a crypto currency, which is used as an internet money, while $ is a fiat currency used for daily basis. Bitcoin is very profitable when you invest in it, it serves as an investment for a long time run. As time goes on the price increases which mean your investment is yielding you profit, but one thing is certain, there will always come a time when the price will drop (it always comes up).
If you have Bitcoin in your wallet on the internet, for sure that you will get more income in the future. That's an advantage of having Bitcoin because the price of Bitcoin is hard to lose price and it will bring to you high profit in the future.

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October 08, 2017, 10:36:39 AM
 #1710

Difference between Bitcoin and real money?
I hope everyone knows that Bitocin is dezentralised ! It means you own your bitcoins insted of a bank or any other holders !
Soon Bitcoin will accepted every where i go Wink
so i dont have to exchange my € into any other curreny, just take my phone and fly ;P



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October 08, 2017, 10:41:29 AM
 #1711

The worth of bitcoin can go up and down the worth of money will still stay the same and also bitcoin is decentralised that means it is not at some bank or other holders it is with you safe in your own digital wallet.
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October 08, 2017, 10:43:48 AM
 #1712

The difference between Bitcoin and Fiat is Bitcoin is a digital currency that is stored in encrypted wallet with a very unique wallet combination, we could actually invest on it just like the stock market and can be used in transactions online specially to those who accepts bitcoin as payment. While fiat is the physical paper money that we used everyday in buying something that we need, paying bills, fare for transportation, we deposit in bank etc.

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October 08, 2017, 10:46:21 AM
 #1713

Bitcoin is like gold 2.0, no more issues than 21Million, and no owned by a single player (descentralization)
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October 08, 2017, 04:20:07 PM
 #1714

Bitcoin is like gold 2.0, no more issues than 21Million, and no owned by a single player (descentralization)

Gold supply continues to multiply while Bitcoin won't surpass to 21 million coins. The problem that continues to always repeat are the miners and what bitcoin core differences.


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October 09, 2017, 03:56:47 AM
 #1715

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.
Yes its true both of them are money but one is a digital currency and second one is real money if you want to buy things you can use both but bitcoin is safe and secure and easy to carry there is threat of robbery of bitcoin and I think now a days bitcoin is high then ten real money because of his high price and with bitcoin you can also do a daily trade or you can invest here as well.

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October 09, 2017, 04:13:46 AM
 #1716

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.
Yes its true both of them are money but one is a digital currency and second one is real money if you want to buy things you can use both but bitcoin is safe and secure and easy to carry there is threat of robbery of bitcoin and I think now a days bitcoin is high then ten real money because of his high price and with bitcoin you can also do a daily trade or you can invest here as well.
Bitcoin is not money in the eyes of the government and only what they created and regulated are considered as real money, bitcoin is a fuel to run a transaction but we are using real money converted into bitcoin. Holders are benefit when this payment tool will be popular because the demand will increase and so as the price.

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josephpogi
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October 09, 2017, 04:14:17 AM
 #1717

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 diffrent between bitcoin and realmoney is if you have bitcoin there's a chance that you'll get a lot of money in the future becuase the value of bitcoin is still increasing while if you have real money you can use this to biy anything and anywhere so there's a similar between bitcoin and money.

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Kevondo
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October 09, 2017, 05:00:37 PM
 #1718

bitcoin is a digital currency that can be use only in internet and real money available as bills and coin to spend,rather than existing only as items on financial accounts.
There are a lot of the other differences the bitcoin is the digital currency that is very good to save for the long time and the profit is only possible if w will hold our bitcoin for the long time. The money is increasing and the people will be able to have the high income just in the short time. The price is high while the other real currency is just for the use of the sopping.

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October 11, 2017, 04:10:26 PM
 #1719

Bitcoin is a commodity, not a currency. Really, your term real money refers to very little these days. Since the drop of the gold standard, I think we have only Australia left with the proper sitting for the term real money. They are on the oil standard and may be the last to have a backing currency and key length connector. Although Sweden may also be keyed with their oil, I am pretty sure they are not.

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October 11, 2017, 04:12:36 PM
 #1720

Bitcoin brings more revenue and is very convenient to use, but in many countries there is still no way to pay for their services and people do not understand why they need to use bitcoin.

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