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Author Topic: Difference between Bitcoin and real money?  (Read 114127 times)
Astvile
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November 27, 2017, 04:03:54 PM
 #2121

the difference between bitcoin and real money is really big. bitcoin was introduced to be an alternative for fiat, this'll be the currency of the internet. while fiat is regulated and can be controlled by the government and banks. fiat can be taxed unlike bitcoin, since bitcoin uses blockchain for transaction, making bitcoin decentralized.

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November 27, 2017, 04:16:14 PM
 #2122

The difference between bitcoin and real money is very easy to distinguish because bitcoin is electronic money which is part of a bigger part called cryptocurrency while real money is what you use in the real world which you can carry in your daily life. You can also use bitcoin for this but having real money will be faster.
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November 28, 2017, 12:03:46 AM
 #2123

Sometimes I do not see any difference between bitcoin and real money because both are money. However, one is digital (bitcoin) and the other is conventional (real money). So, I do not see the difference as long as the function of both is the same that is used as a transaction tool.



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November 28, 2017, 12:06:57 AM
 #2124

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?

Real money you can buy anything because this is a fiat money so its more advantage if you have a bitcoins and then you convert it into real money but the difference is the bitcoin is not stable /volatile and the real money / fiat is stable.
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November 28, 2017, 01:35:04 AM
 #2125

they are both currencies but they are so much differ with each other because bitcoin as i have know and as what i have search bitcoin is a digital currency and can be used in digital payment or it means everything that process with bitcoin is through online while in our own currency or what we called normal money we can used it in buying even in the small store but we cannot used bitcoin.
Pedro18
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November 28, 2017, 01:37:44 AM
 #2126

There is very big different between bitcoin and real money. First, bitcoin is digital while real money is physical. Real money you can hold that with your hands, it is on your pocket, while your bitcoin is in your digital wallet or it is virtual.

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November 28, 2017, 02:02:18 AM
 #2127

The main difference is that Bitcoin is based in USD while the USD is not based on bitcoin. Or whatever fiat currency you use, pounds etc

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November 28, 2017, 02:04:45 AM
 #2128

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?


In terms of value, bitcoins has a higher value compared to dollars. However, dollars are more stable in price compared to bitcoins. In terms of its convinience, bitcoins are far more superior to dollars due to its capability to be transferred to any wallet without the means of a middleman. Bitcoins are tax-free compared to dollars.

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November 28, 2017, 02:05:52 AM
 #2129

Bitcoin is a digital money while real money are those bills we can use on buying our daily needs for a living.
browder07
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November 28, 2017, 02:07:32 AM
 #2130

difference, a sentence well off. Bitcoin is not like real money. You can not store them without anyone knowing. All your transactions are confirmed by the computers in the network
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November 28, 2017, 02:08:51 AM
 #2131

The difference is that bitcoin has gone up thousands of times since its release. Real money has devalued thousands of times since its release. bitcoin does not occur inflation
anggun chan
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November 28, 2017, 02:10:58 AM
 #2132

There are many differences between real money and bitcoin. Bitcoin form of digital currency which is very famous in the virtual world that is very different from the real currency real. In addition a bitcoin can be used online in a way that can be exchanged quickly and easily. Probably very much how much money has been printed by the bitcoin. To get the real money directly is by working physically different from his work the bitcoin we can anytime and anywhere
Creepings
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November 28, 2017, 02:12:27 AM
 #2133

The main difference is that Bitcoin is based in USD while the USD is not based on bitcoin. Or whatever fiat currency you use, pounds etc

That is obvious because the currency that is usually used in trading is USD the reason USD is somewhat close to the world currency. I know some exchangers that do not base on USD but on their country's fiat.

There are a lot more difference between USD and bitcoin, and this is not one of them.

Bitcoin is not tangible, while USD is tangible.
Bitcoin is decentralized, USD is not.
Bitcoin is volatile, USD is not
Bitcoin is Pseudo Anonymous, USD is not

this is some of the most popular difference between them.
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November 28, 2017, 02:17:12 AM
 #2134

real money is a world currency that is accepted by all governments on the world, and legal in all activities also more people are using it, but bitcoin is just a digital currency and still not be legalized by many governments around the world so not much people own it or willing to use it in real life.

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November 28, 2017, 02:20:05 AM
 #2135

The two have very big difference Bitcoin is a crypto currency the so cold digital currency that we cannot hold or see it is stored in a digital wallet and its value is very volatile that anytime the price could go up or could go down and it is a very good investment at this moment because of its current value that is so high. While a real money is the fiat that we use in our daily financial needs lets say in buying goods at the grocery etc. real money's value do not rise compare to the value of Bitcoin and it is regulated by each and every government in different countries.

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November 28, 2017, 02:22:19 AM
 #2136

There a lot of differences between the two; Bitcoin is digital currency that is depends on the internet while the real money is independent and can be use even though without the internet. Bitcoin gets higher while the real money is not.

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November 28, 2017, 03:26:03 AM
 #2137



Understanding is and knowledge is the most important part in the crypto currency. different from gambling that if you lose will be all lost. bitcoin is not, you should find knowledge about bitcoin if you want to compare it

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November 28, 2017, 04:20:09 AM
 #2138

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 would say liquidity is one big difference between the two. Since bitcoin is a form of an investment, unlike real money where you can readily use it for your convinience. If you decided to go with bitcoins i suggest you start small and if profit is good then go bigtime.

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November 28, 2017, 04:55:10 AM
 #2139

The main difference between bitcoin and real money is that bitcoin is an electric form of money and the real money is the  local money which we use everyday.

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November 28, 2017, 05:15:20 AM
 #2140

Bitcoin is a peer-to-peer electronic payment system that operates as an self-determining currency.
Money is currency, check is an implement to transfer value of currency.
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