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Author Topic: Difference between Bitcoin and real money?  (Read 112547 times)
Mei1418
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November 23, 2017, 11:57:33 PM
 #2081

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
 #2082

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
 #2083

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
 #2084

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
 #2085

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
 #2086

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
 #2087

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
 #2088

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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November 24, 2017, 07:59:17 AM
 #2089

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
 #2090

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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November 24, 2017, 10:02:59 AM
 #2091

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.
Real money is not a good investment because it's subject for inflation.
You have to take this opportunity to invest with bitcoin because it can never be manipulated by the government and you will see that the market
is very big where every nation can use it and imagine how big the demand would be.

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November 24, 2017, 10:32:38 AM
 #2092

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 is true that money and bitcoin are both capable of using for transactions such as payment. But, the biggest difference between them is the value. The value of money changes as well but not as great as bitcoin. Both can be used for investments, however, the effectivity of investing is more stronger in bitcoin.

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November 24, 2017, 11:05:41 AM
 #2093

In my own opinion, bitcoin and real money are both transaction that can be used as a payment. The difference between both of them is bitcoin has more better value than real money, even it do not have a stable price bitcoin still better than real money. That's why many imvestors wants to invest in bitcoin.

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November 24, 2017, 01:36:24 PM
 #2094

In my own opinion, bitcoin and real money are both transaction that can be used as a payment. The difference between both of them is bitcoin has more better value than real money, even it do not have a stable price bitcoin still better than real money. That's why many imvestors wants to invest in bitcoin.
A lot of people are investing their money in bitcoin because they know the potential of making a lot of money and they know that bitcoin is still better than real money because of the features that we have in bitcoin. Bitcoin has a lot of possibilities and huge potential and it can be maxed out if we will adopt bitcoin and implement it in our system.

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November 24, 2017, 04:15:57 PM
 #2095

Yep. Sad Embarrassed Also through Bitcoin you can grow your money with regards of its price especially now that Bitcoin's price is continually increasing meaning that ever Bitcoin you have has a huge value of real money if you ever convert it. Tongue Kiss In addition, there is less questions asked and can transfer you money anytime and anywhere with no tax and less fee especially when you're sending money to abroad. Embarrassed Shocked
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November 24, 2017, 05:59:49 PM
 #2096

it's good choice for us to take dollar or bitcoin. bitcoin is a networking coin and we easily make it cash or dollar. in future cash doller do not entry in ultrasonic world. so try to make things different choice.

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November 24, 2017, 08:48:18 PM
 #2097

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 is true that money and bitcoin are both capable of using for transactions such as payment. But, the biggest difference between them is the value. The value of money changes as well but not as great as bitcoin. Both can be used for investments, however, the effectivity of investing is more stronger in bitcoin.
The value of FIAT can changes but it is depend on the economy of country more than the investors. Unlike FIAT, the price of cryptocurrency depend on the investors, as Gold is a rare asset, Bitcoin is also has high value by its limits supply and the nature of Bitcoin attracted a lot of investors interested.

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November 25, 2017, 10:50:29 PM
 #2098

Bitcoin is a electronic currency with no / very less transaction fee and its anonymous, no need to give you real name plus your personal information it have no fixed price. Most of people are not aware about bitcoin and not much popular. Internet and a computer must me required in order to access bitcoins.

On the other hand real money is also a currency but its local currencies and we use it to purchase things that we need everyone are aware about it most of people accept it rather than bitcoins. Its been there for ages and everyone accept it.

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November 25, 2017, 11:35:52 PM
 #2099

There's no use value of bitcoins alone in themselves. Peoples are interested to exchange it with fiat and Altcoins. Bitcoin is a currency and electronic version of paper checks but it is not considered as a mainstream currency as yet.

On the other hand money there's some term applied used by economists
1) Its Store Value
2) Medium of exchange.
3)Backup  (by gold in case of fiat)

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November 26, 2017, 02:14:11 AM
 #2100

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.
It is one of the difference of Bitcoin and real money. But aside from that, there are  a lot of differences between the two. One of these are, the value of money can increase high while the real money cannot, Bitcoin is tax free but real money has a tax to be payed and more.

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