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Author Topic: Difference between Bitcoin and real money?  (Read 110686 times)
posternat
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November 25, 2017, 11:35:52 PM
 #2101

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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P60
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November 26, 2017, 02:14:11 AM
 #2102

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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November 26, 2017, 03:36:55 AM
 #2103

Here's big difference between bitcoin and real money. If you invest your money, you can't earn profits as you invest in bitcoin. For the real world, you need the real money to buy daily needs. It's so different with bitcoin, bitcoin can give you more than profits, if the value is down you can buy some bitcoin, for earn some profits you can wait till the value increase that you can earn min 70% profits from them. Bitcoin and money are different but always side by side and have their respective roles.

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November 26, 2017, 06:48:10 AM
 #2104

In my opinion, the difference between bitcoin and real money is the popularity, acceptance, physical appearance. Yes, bitcoin is now getting famous, but the real money is much popular to many people. For me, there are only 5-10% in this world that truly know what bitcoin is. The second is the acceptance of many people to bitcoin. Some companies or establishment don’t accept bitcoin as payment and some government or country ban bitcoin because of their many reasons. The last is the physical appearance of real money and bitcoin. Yes, you know that you can touch the real money, but you can’t touch the bitcoin physically.

andylioe78
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November 26, 2017, 07:00:44 AM
 #2105

There are many differences between bitcoin and real money, bitcoin can use it online as a real money alternative that you can buy at any time.

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zhinaivan
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November 26, 2017, 07:12:49 AM
 #2106

Well, in my point of view, bitcoin nowadays is trending in social world because of its usefulness to the people. Its so friendly user and even a newbie person can easily adapt on it and be benifited as well. All you have to do is to be open minded and eventually feel more cozy on it.

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creative-raju33
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November 26, 2017, 07:14:20 AM
 #2107

As a thought Bitcoin is a crypto-currency. So as the aspect value of the coin is in the internet world. But on the other-hand the real money is the visible money which is real currency in real world for any exchange as the purpose of business.

rasmadisulaiman
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November 26, 2017, 07:19:22 AM
 #2108

Bitcoin has a difference with real money can be seen from the advantages of both. I see bitcoin has a greater advantage than just real money. We can see firsthand that bitcoin is getting more and more expensive and is now worth $ 9032.

Jannatul Shefa
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November 26, 2017, 07:53:24 AM
 #2109

Bitcoin and real money have some differences.Real money is carriageable.But you can't carry bitcoin as it's an online currency.In shop you need real money because they don't accept bitcoin.
Bitcoin offer you benefits in virtual world not in real world.

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November 26, 2017, 07:55:55 AM
 #2110

Bitcoin, i think ths will not long but hopefully will last since i invest too much of it.
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November 26, 2017, 09:04:16 AM
 #2111

If I argue Basically the bitcoin currency is the same as the real currency we can use to buy something we need and everyday needs only if bitcoin currency exists only in the digital world and real currency like for example the dollar is in the real world. so I think we seem to understand what a bitcoin currency is and it is clear that the difference between it and bitcoin can be traded and we can also convert bitcoin into real money if we want to trade it.

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November 26, 2017, 09:50:15 AM
 #2112

the real difference is bitcoin is a crypto currency that can not be used for everyday use because for everyday use we depend on our national currency, while bitcoin is more dominant for online transaction usage, that's my opinion Smiley

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Nanot
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November 26, 2017, 10:00:30 AM
 #2113

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?

Difference between money and bitcoin . Bitcoin was a investing that consider as electronic money while real money is what we used in every country . Bitcoin is better because its promotes progress in term of economical progress that leads into succes through increasing its level quality and cost.

bgaf
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November 26, 2017, 10:19:42 AM
 #2114

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?


Both can be used for payment, it is true. However, the increase in the value of money is not the same as bitcoin. Bitcoin is volatile, and because of that it's volatility can be used as an advantage. We all know that we can use it as an investment because of it's changing value, and that can't be done with money.

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xvids
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November 26, 2017, 10:19:56 AM
 #2115

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's a lot of difference between money and bitcoin. For starters, money cannot be mined unlike bitcoin, right? Also, we cannot trade money for another money, and even if we do, the increase would not be the same as trading bitcoin. I think there are more but it will be too many to mention.

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November 26, 2017, 10:29:53 AM
 #2116

The difference between the two bitcoin is a digital currency with a high value. We can use it as an online payment or transaction while real money is the currency that we have every nation and can be use in our daily lives.

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November 26, 2017, 10:32:41 AM
 #2117

I think bitcoin is not regulated by banks and it is also decentralized. Unlike the real money that can be arranged by banks and also the government.

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November 26, 2017, 10:33:37 AM
 #2118

The difference between the two is quite obvious. We are able to invest on bitcoin which we cannot do with our money. The good thing about money though, is it is what we currently use as of now, bute I think some day it iwll be phased out.

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November 26, 2017, 10:35:48 AM
 #2119

There's a lot of difference between bitcoin and the real money. Bitcoin is a digital money and you can hold it anytime.

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November 26, 2017, 10:39:04 AM
 #2120

there are lots of difference between bitcoin and dollars. first, it is much easier to use bitcoins in any transactions like paying your bills just at home through online. and the advantages of converting a real money into bitcoins is as we all noticed bitcoins value just keep on rising while real money don't.

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