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Author Topic: Difference between Bitcoin and real money?  (Read 114154 times)
mardaed
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November 23, 2017, 06:45:20 PM
 #2061

Bitcoin is a digitalized crypto currency supported by internet and it is a competitor for banks reason behind is that banks are regulated by government so both banks and government don't accept our crypto bitcoin currency even if you make bitcoin transactions bankers will even block your bank account. Real money is a handy money where government do accept this Fiat reason behind government regulate it and gains profits whereas bitcoin is not regulated by government but to my understanding bitcoin is based on the economic principle of demand and supply. We can gain profits in short term with bitcoin but even in long term we can't gain better profits with real money but we can convert real money to bitcoin and gain profits.

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November11
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November 23, 2017, 06:50:05 PM
 #2062

Payments in new crypto-currencies, such as bitcoin, not that it can not be tracked at all, but almost impossible. However, the value of these currencies is subject to very sharp fluctuations, and in addition, the authorities have many tools with which they can limit their use, for example, by prohibiting them from paying to banks or retailers. The uniqueness of cash in the fact that they are liquid, they are almost everywhere accepted.
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November 23, 2017, 06:53:08 PM
 #2063

Bitcoin is peer to peer electronic currency that is fast and decentralized. Bitcoin gives freedom to the people because government or bank that control bitcoin while the "real money" is issued and controlled by the government.

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November 23, 2017, 06:56:32 PM
 #2064

Another thought has just occurred: In addition, cash payments by employers to workers who do not have documents are the main engine of illegal immigration. Reducing the use of cash is a more humane way to protect immigration than building barbed wire fences.
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November 23, 2017, 06:57:55 PM
 #2065

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 there is only a small difference between bitcoin and a real money. Bitcoin is for using easy payments online and real money is used for payments in our basic needs like foods and other things we need to survive. It has only small difference because we can also convert bitcoin into some real money using an exchanger sites.

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November 23, 2017, 08:42:24 PM
 #2066

Real money is accessible everywhere but bitcoin requires internet connectivity to use and its accessibility is limited and huge population unaware about bitcoin and crypto currencies. You can buy your everyday needs through cash any time but that is not possible through bitcoin.
of course, bitcoin isn't at all fit for small expenses...these are two different types of currency and they perform different functions


cause bitcoin as on just how our time age passed by this is how or when this kind of digital currency are risen and been adopt by many people and now compared on the fiat currency , so difference between for this two currency is not a being deal isnt , why the government dont like it simply because they cant control it because this was a decentralized.
They do not have profits from Bitcoin and cryptocurrency, so they do not accept it. There are too many disvantages for them, so they decided to keep the cryptocurrency is neutral and control it through exchange sites. This is their method to help the world's economy not affect by the price of Bitcoin.

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monomix
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November 23, 2017, 08:43:01 PM
 #2067

the scale is yet different, govs hands are yet out and btc is growing
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November 23, 2017, 11:32:57 PM
 #2068

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.
You are right there is a the big difference between real money and bitcoin, bitcoin is a digital currency while real money is physical, also bitcoin needs to be legalized after that bitcoin can be used as official currency and freely while real money is always free but the fact of tax that bitcoin is tax free currency and real money is not that why sometime bitcoin is most important then real money

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Gameroid
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November 23, 2017, 11:33:49 PM
 #2069

bitcoin and money almost same..is like u have a bank account or mastercard..many online payment accept bitcoin..like a money tranfer..
Bitcoin is digital currency and real money is not because real money is physical currency this is the main and common difference between them, and bitcoin is the currency which can be beneficial in some countries while in some bitcoin is consider to be illegal while real money area allowed anywhere and useful when exchange according to the new country. Simply there are many differences between real money and bitcoin.
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November 23, 2017, 11:49:33 PM
 #2070

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 quite simple, the value of Bitcoin keeps on rising. Now for "real" money, particularly the $, the value is fixed. Especially when you live in the U.S. Let's say you have $100 and a BTC100. Your $100 will remain at it's face value throughout (unless you go live in a third world country then you'll get more value for your $). But you're BTC100 will be moving in a trend. Value may go up or down. But a current the value is consistently going up. So your BTC will get more value. Meaning, you'll get more "real" money from it.

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November 23, 2017, 11:57:33 PM
 #2071

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!
actually what you say is very real, i'm very agree with your idea
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November 24, 2017, 06:23:25 AM
 #2072

Bitcoin is digital currency.bitcoin use online as real money.bitcoin send anywhere anyone through internet,but real money send anywhere its to difficult.
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November 24, 2017, 06:26:19 AM
 #2073

Right now, bitcoin is currently the one being used as an online currency to do transactions with other individuals even so with PayPal and such. The difference would be real money being more fluid as bitcoin since bitcoin is still on the verge of being known by most industries and companies. Real money would be preferable to most people as of now since if you imagine those people at the sidewalks on how they would be able to afford those technology to accept bitcoin. However, the world is innovating slowly and bitcoin would eventually be absorbed by the people.
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November 24, 2017, 06:37:22 AM
 #2074

Bitcoin now is not popular but as i can see and heard to others that in the near future it will become more Popular and many store will accept it because someday it will be use as center of transaction to buy goods.

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November 24, 2017, 06:46:42 AM
 #2075

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?


The main advantage of investing in bitcoins is it's fast-growing value. Not less important is bitcoin's P2P network that is a decentralized communication model which allows each party to function both as a client and a server without a third-party participation. In simple terms, you can do without banks.
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November 24, 2017, 06:54:46 AM
 #2076

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.

your money is much secured in bitcoin than in banks than can be subjected to bankruptcy, notably the decentralization of bitcoin is the game changer to this scheme that nobody controls bitcoin and your investment here earns much faster than your savings in banks plus your transactions and payments are relatively faster and wa cheaper than in banks you can do it anywhere and anytime.
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November 24, 2017, 07:44:23 AM
 #2077

Real money is accessible everywhere but bitcoin requires internet connectivity to use and its accessibility is limited and huge population unaware about bitcoin and crypto currencies. You can buy your everyday needs through cash any time but that is not possible through bitcoin.
the decentralization in bitcoin make a big difference , real / conventional money are regulated under government/certain institution . so your money are in the third party. bitcoin gives you discretion , a full access to your money , used globally and has no tax in it ( which it's still become a pros and cons ) .

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November 24, 2017, 07:54:57 AM
 #2078

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?

Bitcoins helps you to make transaction with very low fees. moreover, transferring huge sums of money is very beneficial with bitcoin. with bitcoin, you're your own bank and you will not have daily limits with fiat currencies. i love buying things with bitcoins, it makes be save some few bucks from charges.

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10000BTC
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November 24, 2017, 07:59:17 AM
 #2079

Real money is accessible everywhere but bitcoin requires internet connectivity to use and its accessibility is limited and huge population unaware about bitcoin and crypto currencies. You can buy your everyday needs through cash any time but that is not possible through bitcoin.
the decentralization in bitcoin make a big difference , real / conventional money are regulated under government/certain institution . so your money are in the third party. bitcoin gives you discretion , a full access to your money , used globally and has no tax in it ( which it's still become a pros and cons ) .

Yes, that's true. especially when government devalues currencies, it tends to go down on our investments. to be in control is very great.

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November 24, 2017, 09:19:54 AM
 #2080

There are many differences between bitcoin and real money. Bitcoin is decentralized while real money back by the government. Bitcoin transactions are made over the internet and are public where your addresses are known whereas cash transactions are pretty much anonymous. It require fees to be paid to miners which is quite similar to taxes that we pay to the government, except taxes can be evaded quite easily compared to having a transaction registered in the blockchain without paying fees.
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