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Author Topic: Difference between Bitcoin and real money?  (Read 110669 times)
Psyloc9302003
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November 20, 2017, 04:51:24 PM
 #2041

locally regular money is very good specially when it comes to just buying regular needs..when it comes to buying in a department store specially those expensive things it requires to carry a large amount of money which increases your risk of being mugged..and now international goods are becoming available because of the internet which makes the process of transferring money or converting the money very difficult and have additional expenses..in btc if acknowledge it can revolutionize the world of commerce..plus btc doesn't require additional expenses and taxes.. Smiley
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November 20, 2017, 04:59:22 PM
 #2042

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 my biggest pro about bitcoin is the fact that the government does not have it's meddling hand dipped into it. Anything they touch is toxic.

With the world of crypto you feel this overwhelming sense that you are finally in control for the first time ever. It is a bit exhilarating and nerve-raking all at the same time. There are no safe guards, so when you eff up its 100% on you, no bailouts.

You can transfer money across borders in much less time and cost than in real currency.
You can quickly move your money around and not feel like you require the expertise of a greasy financial analyst who is going to charge you absorbent amounts for a half-assed consultation.

This is the way the economy is moving, towards a decentralized form of an economy. Hop on the train now!! Smiley
anselchild
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November 21, 2017, 01:32:29 PM
 #2043

Bitcoin isnt real money,real money is real money ,bitcoin is cryptocurrency and real money is value,bitcoin is online cryptocurrency,real money is money which we can see in real world and bitcoin is cryptocurrency which we cant see in  real world and we cant touch him.Real money isnt anonymously and bitcoin is.
bukikbarisan
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November 21, 2017, 01:59:36 PM
 #2044

Both are currencies and their uses are the same. Bitcoin is a digital currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only shop or do something online. We can go around and do more things online. But with other local currencies, we can do more.

Dark Sky
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November 21, 2017, 02:10:27 PM
 #2045

Both are currencies and their uses are the same. Bitcoin is a digital currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only shop or do something online. We can go around and do more things online. But with other local currencies, we can do more.
there is a big difference between bitcoin and real money, we can use bitcoin just in online shop and its provide for those who use bitcoin but real currency is use in everywhere for every person,

anon007
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November 21, 2017, 04:42:33 PM
 #2046

First of all BTC grows in price faster and better right now, but you cant use BTC if you are going in town to have a few drinks or you know. Its growing and soon I think there will be no difference between termins real money and Bitcoin or all in all cryptocurrency.

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Xester
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November 21, 2017, 04:46:44 PM
 #2047

Both are currencies and their uses are the same. Bitcoin is a digital currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only shop or do something online. We can go around and do more things online. But with other local currencies, we can do more.
there is a big difference between bitcoin and real money, we can use bitcoin just in online shop and its provide for those who use bitcoin but real currency is use in everywhere for every person,

Yes we can only use bitcoin online as it is created for online use.  That is why it is called digital currency and all transactions are made online.  When there is no electricity and when there is no internet connection, there would be no bitcoin.  Unlike real money which do not need anything aside from itself.  

Agamilleen
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November 21, 2017, 05:01:22 PM
 #2048

The difference is quite large. Authorities have not yet learned how to monitor bitcoin transactions
Etherlevis128
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November 21, 2017, 05:17:26 PM
 #2049

The difference is quite large. Authorities have not yet learned how to monitor bitcoin transactions
Although most people in the world wouldn't agree that Bitcoin is real money I think you are right. Since it is possible to find a way to buy for Bitcoins almost everything it is a real money. The main difference is that Bitcoin is not so widely accepted as fiat, but I think that it is much easier to buy something in the USA for Bitcoins than for Russian Rubles for example, so in a way BTC is already better than most fiat currencies.
BlueStackz
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November 22, 2017, 08:48:44 AM
 #2050

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?

Well in bitcoin its easy to get money and you can invest in bitcoin for free unlike in money you'll have to pay taxes,and also it gives us freedom to earn money on our own hard work without decreasing our earnings in taxes from the government. Yeah it's little confusing but if you try to understand on how bitcoin work properly you'll understand why.
Bitcoin price is high than any other currency in market and its transition are also fast than any other currency you can also learn a lot of things here as well as you can earn a lot of money here and paper money is only for to buy some things so bitcoin is better than paper money and still bitcoin is trying to advance its technology.


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bukikbarisan
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November 22, 2017, 12:04:19 PM
 #2051

Both are equally currency. Bitcoin is a digital currency or other local currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only buy things online. We can do more things through online.

katarin2030
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November 22, 2017, 12:10:49 PM
 #2052

Both are currencies and their uses are the same. Bitcoin is a digital currency that we can use or do whatever we need. Because bitcoin is a digital currency, we can only shop or do something online. We can go around and do more things online. But with other local currencies, we can do more.
there is a big difference between bitcoin and real money, we can use bitcoin just in online shop and its provide for those who use bitcoin but real currency is use in everywhere for every person,

Yes we can only use bitcoin online as it is created for online use.  That is why it is called digital currency and all transactions are made online.  When there is no electricity and when there is no internet connection, there would be no bitcoin.  Unlike real money which do not need anything aside from itself.   
The difference is simple bitcoin is virtual currency and real money is real in practice, that is a physical money, we are using in our surroundings for purchasing and all. But bitcoin is digital money only for online purchases.

James Messy
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November 22, 2017, 12:26:16 PM
 #2053

 “fiat currency” is any national currency decreed legal by the national government, but is intrinsically valueless money. Fiat currencies no longer represent gold deposits or other things of known market value. They are just the accepted pieces of national paper, printed by a private central bank and loaned to the national government, with interest.

bxbxy
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November 22, 2017, 12:28:13 PM
 #2054

The difference between bitcoin and real money is that real money can be stolen from you because a theft can see it but bitcoin is more secure because no one know how much you have in your pocket so it is more safe than real money.

QQ224466
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November 22, 2017, 12:30:42 PM
 #2055

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.
azguard
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November 23, 2017, 12:09:32 PM
 #2056

Many differences are between bitcoin and real money or fiat money.

Most basic is that real or fiat is controlled by government and bitcoin is decentralizes and such no one is controlling it that why government dont like bitcoin and bitcoin users or any crypto user.



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Protected101
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November 23, 2017, 12:44:16 PM
 #2057

Bitcoin has lots of differences,bitcoin was controlled by us and its value increasing higher as a market is in good terms.While real money controlled by government and we pay taxes on it,its value cannot increasing it has a stable price.We can use bitcoin as a payment method without any hassel to pay in any payment establishments.

hangar18
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November 23, 2017, 02:56:49 PM
 #2058

Many differences are between bitcoin and real money or fiat money.

Most basic is that real or fiat is controlled by government and bitcoin is decentralizes and such no one is controlling it that why government dont like bitcoin and bitcoin users or any crypto user.
Basic, Bitcoin is a crypto currency, it does not need to have the controller from someone or any force. It is a currency created for users and manage, protect system through user. More users, the system of Bitcoin has more power and not easy to attack by anyone. While, FIAT controlled by the government.


     
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November 23, 2017, 03:10:52 PM
 #2059

Many difference between Bitcoin and fiat. I'll mention some of them:

- Bitcoin works online, fiat works anywhere.
- Bitcoin have a limited supply, fiat is unlimited.
- You don't need regulation and papers to fill to use bitcoin.
- Bitcoin price is regulated by supply and offer, fiat price is regulated by banks and govs.
- Bitcoin transactions are faster and safer.
- ...

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November 23, 2017, 03:47:40 PM
 #2060

The difference between bitcoin and real money is that real money can be stolen from you because a theft can see it but bitcoin is more secure because no one know how much you have in your pocket so it is more safe than real money.
Another difference between Bitcoin and the real/flat money is its usage. Bitcoin is limited when it cones to payment while real money is can be use freely worldwide. On the other hand, Bitcoin is not controlled by the government and it is tax free; it is the big difference of Bitcoin with the real money.

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