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Author Topic: Difference between Bitcoin and real money?  (Read 113868 times)
Coin12
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October 29, 2017, 08:19:41 AM
 #1761

Waow, you asking many question at the same time. Bit confusing to answer all of them together.
Bitcoin and real money of course much different. Just one important thing is if bitcoin is created for freedom its like digital money and no shape. Its easy to use for online anonimox payment and hard to track. If real money can not do such that bitcoin do.

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October 29, 2017, 08:25:39 AM
 #1762

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?

It's because bitcoin is not used officially in many countries. Whatever value bitcoin rises to, dollars have their own value and dollars are the one people all over the world aware of. This does not goes with bitcoin. Still most of them have no idea about bitcoin. This may also be the one of the reason bitcoin is not used as it is and converted into currencies.
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October 29, 2017, 10:58:08 AM
 #1763

There are a lot of differences. Bitcoin is not taxed, anonymous, has a fairly fast transaction speed, and, which is very cool, has the ability to grow, that is, if you put money in bitcoin you can earn a very decent amount of money. Is it possible with dollars, euros, etc.? Bitcoin is the future.

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October 29, 2017, 11:12:08 AM
 #1764

Their a lot if difference between electronic money like bitcoin and physical money like real money. In case of real money you have to pay tax but in bitcoin their is no required to pay tax. In the transition of real money a third party (e.g. bank ) involved but in case bitcoin their no involvment of third party and its less traceable then real money. In the case  real money government has conrol in it but in the case of bitcoin government has no such control. In the case of real money it is difficult to convert into any other currency but in the matter of bitcoin it doesn't happen.

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October 29, 2017, 11:15:54 AM
 #1765

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 more money when convert it to the real money

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October 29, 2017, 11:25:10 AM
 #1766

Both are currency of money both are using everywhere payment for everything like foods.electricbill..etc.but money is always used by people because bitcoin is also bought in cash bitcoin can be invest and make it grow the price and and exchange it in the cash.bath both of them they have the same value  and usess in our economics

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October 30, 2017, 09:37:25 AM
 #1767

Both are currency of money both are using everywhere payment for everything like foods.electricbill..etc.but money is always used by people because bitcoin is also bought in cash bitcoin can be invest and make it grow the price and and exchange it in the cash.bath both of them they have the same value  and usess in our economics

Yes from some point of view they represent currencies for further use. But many still rely on real money and see bitcoin as a threat for something that are afraid of doing it. Let be honest bitcoin is something that many of us was only hoped to be but still there are many that dont like it and they dont want it at all.



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October 30, 2017, 09:40:13 AM
 #1768

Real money is a bit stable, while bitcoin is very unstable. You can not expect that euro can double his amount in one week. Bitcoin has the potential to do that.

We saw that bitcoin was at 5k so it dropped in one week to 3k. This is what unstable means.
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October 30, 2017, 09:41:56 AM
 #1769

Welcome to Bitcoin and to the Forum!

The questions you're asking are great ones. However, they're also questions that you can find answers to REALLY easily on this forum or Google. I'd encourage you to do some reading here and then come up with some more specific questions.

I can help get you started with some simple answers.

Why would I invest in bitcoin? All sorts of reasons ranging from pure curiosity to love of new technology to investment diversification. Bitcoin is used as currency to buy things and as a store of value, i.e., a place to house your savings with hopes of value appreciation or hedging against the depreciation of stocks or savings held in fiat currency. One example often used is that of Cyprus. Are you familiar with the country of Cyprus and it's severe monetary crisis from a few years back? It was so bad that the Cyprus government controlled how much money their citizens could take out of their banks. Think about that. That government telling you that you can't access your very own money! How scary is that? Bitcoin offers an alternative. No government (currently) can seize control of your bitcoin, this represents safety and security.

What's the difference between bitcoin and dollars? Bitcoin isn't regulated by any government. It isn't created "out of thin air" as fiat currency is. There will only ever be a finite amount of bitcoin, which controls it's value. Once all bitcoin is mined there will be 21 million in existence, that's it. No one can ever create more (as is done every year with fiat currency). When fiat currency is created by central banks they reduce the value of the existing currency in the market, which results in inflation of prices. This is why the price of every day things (that haven't changed in 50 years, like groceries or utilities) have gone up in price over time. There's a lot of other differences, but it's better for you to read up on them.

Why would I gamble with bitcoin? I don't, but if you want to you can gamble for significantly smaller portions of money (like cents as opposed to dollars or tens of dollars). And you can do it from the convenience of your computer.

Here are a few links for you to explore:

Feel free to respond with other questions. I think you'll get better response if you educate yourself a bit first and then come back with more specific questions.

Have you bought any bitcoin yet? Do you have a wallet yet? (If you don't, PM me and I'll set you up and give you some bit[Suspicious link removed]d luck to you!
Wow! So helpful answer. Thank you, man. I didn't know about finite amount of bitcoin..

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October 30, 2017, 09:46:55 AM
 #1770

Bitcoin is a digital money or currency. It isn't exist in physical form unlike money that we can touch and can easily steal from us. While bitcoin is hard to hack if you have a hardwallet because you had the key that only the owner can open and use. Smiley

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October 30, 2017, 09:47:34 AM
 #1771

Transfer money through bitcoin as you say to get rid of the banking system, to avoid the law, to avoid undetected tax.

Yeah i like that idea and when you transfer all your cash to bitcoins it will still grow as time goes by, That is why businessman are investing in bitcoins because they know that it will successfully dominate in the future.

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October 30, 2017, 09:49:17 AM
 #1772

Real money is more stable then bitcoin. Bitcoin is very unstable it can rise very high and it can fall very hard in a short time. Bitcoin is also online and not in your pocket.

Real money can be in your pocket and you also have a credit card who you have in your pocket most of the time. While bitcoin is online so its harder to steal it.
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October 30, 2017, 09:49:22 AM
 #1773

The price of bitcoin can go down and up that is the biggest difference and bitcoin is not controlled by any bank or anyone it is controlled by yourself save with yourself and bots who trade it for you there are a lot of differences between those two.
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October 30, 2017, 10:00:04 AM
 #1774

Real money is more stable then bitcoin. Bitcoin is very unstable it can rise very high and it can fall very hard in a short time. Bitcoin is also online and not in your pocket.

Real money can be in your pocket and you also have a credit card who you have in your pocket most of the time. While bitcoin is online so its harder to steal it.
Yeah both are the form of currency but i think the both are totaly different in current scenerio. we can use the real money for direct shopping in local stores and we know that bitcoin is just using for online transaction like as online shopping or in use of website but i hope we will be use our bitcoin like as fiat like our regular money because bitcoin is getting much more popularity and there is a lot of people adopting bitcoin huge amount for the future i hope we will be using our bitcoin like as our regular currency but i think it will take almost 10 to 20 years for it to do so..

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October 30, 2017, 10:03:38 AM
 #1775

Both are currency of money both are using everywhere payment for everything like foods.electricbill..etc.but money is always used by people because bitcoin is also bought in cash bitcoin can be invest and make it grow the price and and exchange it in the cash.bath both of them they have the same value  and usess in our economics

Yes from some point of view they represent currencies for further use. But many still rely on real money and see bitcoin as a threat for something that are afraid of doing it. Let be honest bitcoin is something that many of us was only hoped to be but still there are many that dont like it and they dont want it at all.
You right but why they don't like bitcoin?  Bitcoin is created for our own good, isn't it?  To solve problem we face while using cash. Bitcoin become one of the most exciting currency advancement now, and similiar system may envolve in conjunction with bitcoin to facility easy and fast exchange of goods and services. Bitcoin's amount is limited and it can not be counterfeit unlike cash, this differences makes bitcoin better than cash.

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October 30, 2017, 10:07:29 AM
 #1776

Bitcoin is decentralized while real money is centralized, from here it is clear that bitcoin can not be controlled so it goes up and down without anyone ever able to control. bitcoin is more suitable if it is said to be a commodity rather than a currency.

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October 30, 2017, 10:10:32 AM
 #1777

In my opinion, bitcoin is real money, but better. It has its drawbacks as nothing is perfect, however, its pluses currently outweighs its negatives. The votality is an issue for some, but this is what makes it unique, coupled with the fact that it gains value over time, offcourse the price drops too, but that by itself is not a bad thing. There is never a dull moment in this market.

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October 30, 2017, 10:18:48 AM
 #1778

Bitcoin is decentralized and real money is centralized. Bitcoin dont have any physical form but cash has some physical form.Bitcoin provides the facility of anonymous transactions but transactions with cash are non anonymous .These are some difference between Bitcoin and real money .

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October 30, 2017, 10:29:35 AM
 #1779

And to the present, nearly a decade after its birth, the scale of bitcoin has grown a lot. With prices rising from nearly zero when it first emerged to the $ 5,000 peak on Sept. 1, a smart enough person or lucky enough to drop $ 1,000 to buy bitcoin in July 2010 (when the price was $ 0.05). USD 1 bitcoin), he will now have nearly $ 100 million. Total market value of bitcoin reached 65 billion USD.
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October 30, 2017, 10:48:52 AM
 #1780

Well it's easy, bitcoin is for the future, the technological advancement that we are having suits bitcoin. Money, on the other hand, seems to be getting old. Whenever, we want to buy online we need to apply for a debit or credit card just to use our money to buy.

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