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Author Topic: Difference between Bitcoin and real money?  (Read 114125 times)
Doamader
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September 11, 2016, 12:41:37 AM
 #21

I do believe the big advantage its the freedom to use and invest your bitcoins anywhere anytime, something those casinos cant manage to do or banks system doesnt allow, soo sure bitcoin has lower fees besides allow you to send unlimited money from one adress to another, soo you dont need to wait till bank got your money at the bank to you withdraw it after 3 days.
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September 11, 2016, 12:49:54 AM
 #22

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?

to convert your money in bitcoin is full of benifits . like you can trade with btc , there is worldwide demand of btc , easy to access the btc like your oqn bank but in case of doller we faces with many problem and high transaction charge to convert local money into doller . so i think btc is useful more than btc .

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September 11, 2016, 01:29:56 AM
 #23

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?

Because converting your fiat money into bitcoins and invest it like banking bitcoin wallets is much better from time to time that the price fluctuates theres a changes to your money converted into bitcoins .you will earn from it especially if the price of Bitcoins go rise up.

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

Well that depends on what stocks you will buy ,some online sites which recommends you to convert into bitcoins for you to invest also there's a big difference on the fees of investing bitcoin and dollars .

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

i think just because you can do a lot with bitcoins you can just spend cents ,unlike fiat currency which about $1-$5-$10 .also bitcoin technology make a secure transaction that your identity can't be trace /gamble anonymously .

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

Yes ,as far as i know bitcoins transferable electronically, more or less instantly, with very low transaction fees for example Your bank may charge you a £10 fee for international transfers. Bitcoin doesn’t.
It is fast ,you can send money anytine anywhere as long as you have an internet connection and as the money confirms its done ,no traceable link or identity record ,its anonymous .

This thing that makes bitcoin different to all fiat money, is that it is decentralized . No single institution controls or holds the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.
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September 11, 2016, 01:32:57 AM
 #24

Of course is so different but its the same for using. We using fiat as currency as we use bitcoin. Both of them is the same in this thing. But the difference is if we sent fiat to the far away place it will take a long time but if we sent bitcoin we only need one click on our smartphone or pc.


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September 11, 2016, 01:54:16 AM
 #25

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?

here your opinion in favour of doller is right but still you need to get some information about the best quality of bitcoin .
in bitcoin we can get privacy of the amount of money that have in wallet .
bitcoin platfrom privides us the fascility of handle own bank instead to depend other there is no taxtation to store bulk amount of money in btc .

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September 11, 2016, 02:01:30 AM
 #26

Real money is inflated. Bitcoin is deflated (total 21 million coins). If bitcoin goes mainstream the demand and limited supply will increase the price to who knows what. So I would put some money in bitcoin if I were you
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September 11, 2016, 03:06:38 AM
 #27

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?

Bro People Use Bitcoins For Buying Stocks And For Gambling Because Of the Following Reasons:-
1) If Anyone Want to Gamble with Bitcoin They Don't Need To Do Any Paperwork Because Bitcoin Is Not Controlled By Any Organization Or Bank....
2) Transactions Are Much Faster And We Can Do The Transaction Anytime Even 1 Am At Night.....
3) No Tax Issues If We Use Bitcoin For Deposits In Gambling Sites And If We Buy Stocks With Bitcoins.....
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September 11, 2016, 03:07:04 AM
 #28

Real money is recognize by the government and accepted everywhere because any person regardless of its status in life can use and easily transact money while bitcoin requires an internet to operate and only few people can use bitcoin than the people who can use real money.

 
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September 11, 2016, 03:08:18 AM
 #29

yes sure, you can invest your stock or invest in dollar, but the price movement from dollar is not as fast as bitcoin, and yes you can gamble with dollar, however you need to provide and your identity and your credit card number, wont it be more secure to just gamble with bitcoin which dont need any identification


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September 11, 2016, 03:13:23 AM
 #30

I can go practically anywhere with real money and survive a day while with Bitcoin, when the power goes down and internet connection is nowhere to be found you cant use your Bitcoin anymore. You need to be connected when using Bitcoin. Real money dont need that, I can buy any item even if lights are out.

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September 11, 2016, 03:56:45 AM
 #31

Obviously, if you've actually done your research, you can buy stuff online with bitcoins if you don't have paypal. You can also use it to buy shady stuff since if you're careful enough, they can't track you.

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September 11, 2016, 04:14:48 AM
 #32

I have used both the fiat casinos and the bitcoin casinos. The difference is that you need to provide information to deposit money with bank transfer or credit card. With bitcoin they don't need any information from you, they just take your bitcoins. But if you want to withdraw from either you have to provide them with your information.

With bitcoin there are no taxes on them. Unless you see the tx fees as a sort of tax on the coins that you are sending.

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September 11, 2016, 04:27:44 AM
 #33

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?

Bitcoin supposed to be currency, so you don't invest your money in bitcoin but exchange it to bitcoin.
Maybe bitcoin price is volatile, but you'll get used with bitcoin because it's easier, take less time and money.

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

For now, there's no strong reason to exchange $ to BTC if you only want to buy stock or invest your money.

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

Bitcoin offer faster transaction, anonymity and no tax as well.
Imagine if you want borrow money at bank, but they refuse you because you're gambler and they think you will use the money for gambling.

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

You can get these advantages if you use bitcoin :
1. Faster money transfer
2. Less transfer fees
3. Enjoy pseudonymous or anonymous if you're being careful

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September 11, 2016, 06:08:19 AM
 #34

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?

Some people is having a different for converting their money into bitcoin like maybe they're interested in the advantages for bitcoin or another from that but I can't give a specific answer about that.

Because if converting into bitcoin that is will reduce the risk you will get from gambling and especially you will safe from everyone.

I don't think there are differences between dollar and bitcoin because both of them is a currency, but maybe they have a different purpose like the purposing of bitcoin is for the digital payment and fiat for a real payment but that is just a different basic both of them.

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September 11, 2016, 06:43:16 AM
 #35

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?


To be honest there are not many reasons why you would want to use Bitcoins instead of Dollars. If you're perfectly happy with using Dollars and don't care about anonymity or centralization, using Bitcoins will only take away from your overall buying/selling/shopping experience because transaction times are rarely as fast as say paying with card or PayPal.
There are a few things however that Bitcoin can do better than existing money transfer systems like for example having no country restrictions and no sending/receiving limits. But you can only really appreciate these features if you have a use for them.
Perhaps the most common reason people invest in Bitcoins is because it's more a commodity than a currency which makes it great for speculation.
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September 11, 2016, 06:53:15 AM
 #36

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 our tradition to use our money country representative because this is our land mark where we came from for me the difference between bitcoin and real money is nothing because if you have bitcoin then you have money as well and if you have money you can buy bitcoin or exchange it with bitcoin
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September 11, 2016, 06:58:45 AM
 #37

There are lots of difference and lots of feature bitcoin have than traditional real money/digital currency. One of the most important is privacy, anonymity and second one is decentralized currency system so that no any government or authority can stop bitcoin or can steal/block/track your money if it is stored in bitcoin. You will be the only one who have access to move those bitcoin with the help of private key of your bitcoin address.

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September 11, 2016, 07:12:44 AM
 #38

Bitcoin and the dollar is vastly different. Dollar is the currency used on the fact while bitcoin digital currency is and can not be used in reality because it has no form. The dollar is also very stable, so as a benchmark price while the bitcoin currency of the world is very unstable and it is suitable for short-term investments.

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September 11, 2016, 07:14:14 AM
 #39

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?
when you convert fiat to bitcoin, you have the opportunity to benefit greatly from the bitcoin price volatility

Quote
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
gambling using bitcoin is anonymous, easily done without any verification, this is the most I like to play gambling with bitcoin.

Quote
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 not under government regulation, so bitcoin has no taxes, but bitcoin could become a big income than dollars.


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September 11, 2016, 07:16:39 AM
 #40

Obviously, if you've actually done your research, you can buy stuff online with bitcoins if you don't have paypal. You can also use it to buy shady stuff since if you're careful enough, they can't track you.
you're really damn wrong, you're encouraging people to buy shady stuff and say that bitcoin's transaction can't be tracked,actually bitcoin's transaction is widely published and can't be deleted,just use blockchain explorer to see the transaction

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