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Author Topic: Difference between Bitcoin and real money?  (Read 110686 times)
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October 11, 2017, 04:12:36 PM
 #1721

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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October 11, 2017, 05:52:01 PM
 #1722

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?


for me the differences between bitcoin and real money is first bitcoins acceptance as payment for a debt is entirely voluntary. and
It can be bought over the internet as well as it can be used to purchase items from different online businesses.  and the  Money is what we use every day to pay our liabilities, and this includes currency and, to a much bigger extent, our bank account balances that provide the source for our check, wire transfer, debit card, and credit card payments.
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October 11, 2017, 05:55:26 PM
 #1723

Obviously if bitcoin is just a virtual coin that doesn't have a fixed price like money that has a nominal fixed price Wink

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October 11, 2017, 05:57:51 PM
 #1724

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.
There are big difference between bitcoin and money. Money is the world currency while bitcoin is our digital currency. In addition to that, bitcoin doesn't have exact value and the price is always fluctuate. Money is tangible unlike bitcoin that you could not touch.


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October 11, 2017, 06:27:31 PM
 #1725

Obviously if bitcoin is just a virtual coin that doesn't have a fixed price like money that has a nominal fixed price Wink
Actually, both bitcoin and fiat money has a price but the difference is how the circulation of it being made. Fiat money looks like a fixed priced due to how strict the circulation is being done. Bitcoin is getting higher and higher on price due to a large of circulation being made and since it's unique then it's value goes high.  The only difference I see is how they are being used and the fact that bitcoin is an cryptocoin while money is fiat.

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October 11, 2017, 06:34:36 PM
 #1726

Bitcoin earning is free from tax unless it gets legalized or regulated in our country.
Our investment in bitcoin grows rapidly while money remains just idle.
With bitcoin,we could easily send even very huge amounts of money instantly with very low transaction fee.But with money,we would have to pay huge transaction fee.
When we send money via bitcoins,we need not have to give any of our personal details but while sending money,we would have to provide all our details.
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October 16, 2017, 09:07:54 PM
 #1727

I think the difference between Bitcoin and real money is huge. For example btc climbs really fast so you can invest your money. I have already invested 150$ in Confident, hope to get some profit

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October 16, 2017, 09:31:25 PM
 #1728

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.

True sir. Aside from that they are different in value. Example you have 5000$ the value of it when you use in the market is also the same as it. But in the BTC if you have 1bitcoin it is equivalent to 5000$. Not just only, as long you did'nt exchange it to your local rate it has a possibility to moves up because of the flactuation. So this means that bitcoin and real money has a really big difference.

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October 16, 2017, 09:53:51 PM
 #1729

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

Here you focus on one of the strongest points of the bitcoin which is the "decentralization", and which is at the origin of the internationality of the bitcoin. However, I disagree with you at all on the "gold 2.0" rating, in fact I hate all sorts of comparison between the bitcoin and the gold because it will never serve bitcoin for going up.

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October 16, 2017, 09:57:28 PM
 #1730

Bitcoin has bitcoin wallets, real money have banks. Bitcoin has smaller fees compared to real money. It is easier to send and receive using bitcoin than real money. A single bitcoin costs big amount in real money. Bitcoin has anonymous transactions which makes the user anonymous too prevemting some threats in his life if he have some huge amount pf bitcoins.
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October 16, 2017, 10:21:56 PM
 #1731

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?


Bitcoin is a digital cryptocurrency used to purchase,trafe or invest through internet.It is mich safer than rea money cause of its confidentiality in doing bitcoin or transacting with it.
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October 17, 2017, 11:36:37 PM
 #1732

I think the difference between Bitcoin and real money is huge. For example btc climbs really fast so you can invest your money. I have already invested 150$ in Confident, hope to get
some profit
q
Bitcoin is a digital currency while money is a peso that are existing to us. Bitcoin is fluctuating while money is not. Bitcoin is an online investment.

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October 18, 2017, 12:25:17 AM
 #1733

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?

To escape from the traditional banking system.

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?

See above Smiley

If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?

Not sure here, but maybe Bitcoin because Bitcoin deposits are faster.

What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

Taxes depend on your country. You don't get more or less income with Bitcoin. You get freedom, faster transactions and a way to keep your money yourself, safely.

The difference of bitcoin from a real money is that bitcoin increases it's value. It's more convenient and a good currency to invest with. However, people who don't know bitcoin still value the real money.

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October 18, 2017, 12:42:40 AM
 #1734

Obviously if bitcoin is just a virtual coin that doesn't have a fixed price like money that has a nominal fixed price Wink

Bitcoin used mostly for online transaction and really the price changes every second while cash we used this for our everyday transaction which is more convenient for us specially in some areas of your country that don't use bitcoin. We are hoping that in the future bitcoin will become more useful so everyone will use this technology.

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October 18, 2017, 01:37:29 AM
 #1735

Money
Stable
Real money
Used in everyday
Transaction in certain country only.
Traditional banking system


Bitcoin/digital money
Much faster transaction than money
The value increasing every year
Uses new tech
Alternative but it is money
Good investment
Cannot used in everyday because of volatility
Unstable...


Note both have advantages and disadvantages but lets enjoy and take opportunity of what digital currency can give now

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October 18, 2017, 02:57:03 AM
 #1736

Fiat is vulnerable to fire, water or getting split in half while it doesn't happen to btc. Fiat also can be faked when we don't pay attention to it's details that most of us do. Last, fiat loses it's value when the government releases another version with added security features.

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October 18, 2017, 03:11:25 AM
 #1737

The Bitcoin and the Paper money are very different. Bills can be used wherever you are. Bitcoin is limited only where you can be used. The bill is handled, The bitcoins are not. The bills do not rise in price, Bitcoins are rising and falling. There are so many different but they have only one currency

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October 18, 2017, 03:23:39 AM
 #1738

Obviously if bitcoin is just a virtual coin that doesn't have a fixed price like money that has a nominal fixed price Wink

Bitcoin used mostly for online transaction and really the price changes every second while cash we used this for our everyday transaction which is more convenient for us specially in some areas of your country that don't use bitcoin. We are hoping that in the future bitcoin will become more useful so everyone will use this technology.


True, we can use our BTC in a very limited time and areas or sector. Right now, there are few people who currently use it and accept it as a mode of payment because not all areas are evolve in technological change. Unlike with the real money we can use it everywhere whenever we needed and we wanted in all areas.

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October 18, 2017, 03:23:57 AM
 #1739

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 your money is in bitcoin while gambling or while doing other investments there is a chance that you might be swept with the wave of it.
Although risky if it falls but as of now the more you wait the better you get. Its just always rise for now. Just months ago it was at $350 look at it now. Can your $ do that?

You are right. Bitcoin is not really anonymous.  If you are looking for an anonymous coin I recommend DeepOnion, Dash, Monero or ZCash. Also the difference of bitcoin and real cash is only you have access to your funds and not a bank, the irs, government etc... This is the beauty of the cryptocurrency world we live in now.  Smiley

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October 18, 2017, 04:09:58 AM
 #1740

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 you could convert your Money into Bitcoin? because that's the policy of Bitcoin, how can you invest bitcoin if you  can not follow the existing regulation of Bitcoin platform. Money is a real money of Fiat money that would be able to buy something real like goods in literal unlike Bitcoin is a Virtual Currency that would be organized and monopolized by people, Peer to peer transaction. 

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