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Author Topic: Difference between Bitcoin and real money?  (Read 110686 times)
Frost149.6
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November 15, 2017, 03:19:24 PM
 #1981

There are consideable difference between Bitcoin and real money. Bitcoin is a digital decentralized currency. Real money is centralized and does not need internet for daily transactions. Where as in Bitcoin it need internet for daily transactions. Real money is control by the respective government. Bitcoin can't be controlled nor there is taxation system on it. Real money has a fixed value but Bitcoin doesn't.
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November 15, 2017, 09:21:17 PM
 #1982

for me, bitcoin is a way of investment and not yet a cash. Bitcoin can be used as payment for online services and transactions that cash couldn't pay for.

main difference is actually cash (governmental currency) is centralized and crypto currencies (starting with btc of course) decentralized which provides anonymity.
I think this is a good comparison, however the government still want to regulate this decentralized system which might not be
favorable for us as for sure they will not allow bitcoin to replace the current centralized system they build.
But we own our money, we can exchange our money to Bitcoin anytime and that is also one of the reason made the price of Bitcoin increased a lot of value in this year without much good news. As long as the people still want to using Bitcoin, the government can not kill this currency.


     
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November 15, 2017, 09:29:15 PM
 #1983

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?

There's a big difference between bitcoin and real money that's why people who earn money in bitcoin always want to stock this money as well as there is an evolution of monetary value of bitcoin.

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November 15, 2017, 09:36:08 PM
 #1984

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?

I think we are currently doing a transition from paper money to digital money
for example: people can shop at online stores, then first people read in newspapers and magazines,
now most people can read the news through their phone,

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November 15, 2017, 09:40:04 PM
 #1985

There is a huge difference between bitcoin and real coins. Such is the medium of transaction, bitcoin and investment medium. You can earn more bitcoin by investing in bitcoin. However, the amount of your money will increase ie that will be your profit. Therefore, bitcoin and real money can be one No. Bitcoin is just real financially free of online investment money and actual money.

To the real money we are already accustomed and that is the main difference. I try to change to a Bitcoin payment but it's hard for me. I have some strange fears. I hope it will break soon because it's comfortable.

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November 16, 2017, 03:38:03 AM
 #1986

There is a huge difference between bitcoin and real coins. Such is the medium of transaction, bitcoin and investment medium. You can earn more bitcoin by investing in bitcoin. However, the amount of your money will increase ie that will be your profit. Therefore, bitcoin and real money can be one No. Bitcoin is just real financially free of online investment money and actual money.

To the real money we are already accustomed and that is the main difference. I try to change to a Bitcoin payment but it's hard for me. I have some strange fears. I hope it will break soon because it's comfortable.
Only when people will be comfortable in using bitcoin will that fear will disappear, for now bitcoin is not yet widely accepted as majority of the world's population are still using the legal tender or the real money as they believe it's safer compared to a currency that is not controlled by the government. Let's continue to support bitcoin because in the long run it will reward us especially if we are also risking money as our investing.

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November 16, 2017, 03:40:09 AM
 #1987

The big differences because they can decrease the bitcoin and increase its value . And bitcoin price is too high compared to other currencies like the dollar big difference . And the real money can buy anything and no matter where you are
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November 16, 2017, 04:05:40 AM
 #1988

Many things are different from bitcoin and regular money, but the most visible are value, stock and control. the value of money continues to fall due to various factors such as inflation, while bitcoin continues to rise. regular money stocks can be increased or reduced according to country policy while bitcoin stock is fixed.



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November 16, 2017, 06:12:26 PM
 #1989

bitcoin is not phisical, real money more looks the shape and real money accept all payment, all country all store

but bitcoin is not control by goverment, and bitcoin can't inflation
so bitcoin and real money nice both

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November 16, 2017, 06:33:35 PM
 #1990

Both are currencies.Bitcoin is an electronic or digital currency & real money is a local currency.
Bitcoin is decentralised and has no central authority controlling it but real money is centralised and has central authority to control it.
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November 16, 2017, 06:38:50 PM
 #1991

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.
The biggest difference of bitcoin and real money is the price and we all know that bitcoin doesn't have exact value and bitcoin is volatile so that there are time that price of bitcoin goes high and low unlike real money has have exact value on market. However, I think bitcoin will become our future money.


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November 16, 2017, 06:41:27 PM
 #1992

for me the difference of that two currency is the physical and the digital value
physical money cant increase the value of the money will increase a little but on digital currency its depend on supply and demand so the bitcoin will increase the value if the supply is lack for the demands

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November 16, 2017, 06:52:03 PM
 #1993

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 are only interested in earning money, then using bitcoin and crypto currency in general, you can earn more and faster than by investing in traditional assets
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November 16, 2017, 09:30:45 PM
 #1994

There are difference between bitcoin and real money. Bitcoin is a digital currency, and the real money is the local currency. Bitcoin prices can be increased or reduced, but real money values are the same. Bitcoin price are much higher than the local currency. Real money gives small profit by deposit on Bank. But By using Bitcoin we can get a chance to earn profits. Bitcoin is currently very safe and very beneficial for investment.

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November 16, 2017, 10:42:57 PM
 #1995

If you think so, in fact you still have a narrow view. Many of us find on the internet if we want to learn with jelly. The difference in bitcoin with real money and circulating around the world. Bitcoin is virtual money that is digital that has no form and its value can change and one more thing bitcoin no taxation like other banks. While the money you hold now is definitely its value and its existence can be taxed by the government and has a symbol of your country.

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November 16, 2017, 10:46:41 PM
 #1996

Bitcoin is a virtual currency. It doesn’t exist in the kind of physical form that the currency & coin we’re used to exist in. It doesn’t even exist in a form as physical as Monopoly money. It’s electrons – not molecules.

But consider how much cash you personally handle. You get a paycheck that you take to the bank – or it’s autodeposited without you even seeing the paper that it’s not printed on. You then use a debit card (or a checkbook, if you’re old school) to access those funds. At best, you see 10% of it in a cash form in your pocket or in your pocketbook. So, it turns out that 90% of the funds that you manage are virtual – electrons in a spreadsheet or database.

But wait – those are U.S. funds (or those of whatever country you hail from), safe in the bank and guaranteed by the full faith of the FDIC up to about $250K per account, right? Well, not exactly. Your financial institution may only required to keep 10% of its deposits on deposit. In some cases, it’s less. It lends the rest of your money out to other people for up to 30 years. It charges them for the loan, and charges you for the privilege of letting them lend it out.

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November 16, 2017, 11:02:38 PM
 #1997

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 bitcoin)

Good luck to you!
thanks a lot for your information sir. Its very helping

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November 17, 2017, 08:49:56 PM
 #1998

I think the difference lies in the practicality of using it, bitcoin just requires an account only as a wallet to keep the balance, while real money requires a large wallet to keep the balance and the money in the wallet takes up a large space if we have enough balance. The advantage of using bitcoin is that we do not need to set up any space to keep the balance and if we want to do a transaction using bitcoin we only need a barcode for a delivery or acceptance purpose.



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November 17, 2017, 08:53:20 PM
 #1999

Bitcoin is decentralised - not owned by any major government or any major financial institution. You are sort of your own bank. The fees on Bitcoin however are not appealing to say the least. They have gotten extremely expensive as of late, compared to its many counterparts i.e. alternative altcoin options.
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November 17, 2017, 09:22:53 PM
 #2000

Bitcoin is an online currency. So, bitcoin all exchange are occurrents by online. So Bitcoin can’t be used online. Another side real money used for no online connected. So anytime real money can be used without online.

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