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Author Topic: Difference between Bitcoin and real money?  (Read 110686 times)
Boybugwal760820
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November 30, 2017, 06:01:21 AM
 #2181

In my own view regarding this matter is that real money has it's own physical form and has it's actual value in the market but bitcoin is quite different because it has no physical form since it is just a digital or virtual currency and has no fixed value, it is a cryptocurrency in which its value may rise or may go down at any moment.

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November 30, 2017, 06:03:52 AM
 #2182

In my opinion investing your $ to bitcoin is good, Because your $ will get higher. Bitcoin value is  raising now that bitcoin will be known in the whole world, and their will be a lot of transaction or trading. Because of that their will be a lot of users of bitcoin and bitcoin price goes higher and higher.

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November 30, 2017, 06:08:27 AM
 #2183

For me real money is much better than bitcoin because it is the most widely accepted currency in the whole world, anywhere you go especially in remote areas where there is no mobile or internet connectivity your money is good to go. Bitcoins or any other cryptocurrencies are just good in places where there is a mobile or internet connection and we all know that there are still many places or countries in the world where information and communication infrastructure are still no where to be seen.

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November 30, 2017, 06:11:23 AM
 #2184

If I go out to differentiate between Bitcoin and money, then I will say in a word that I can trade everywhere, but Bitcoin will not be traded without on line.
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November 30, 2017, 06:13:05 AM
 #2185

Difference between bitcoin and real money is that you can transfer large amount of money for a small fee using bitcoin to any part in the world without being traced and without tax of course. Compared to using real money you will be easily traced if you will transfer large amount of money and of course it will cost you much higher tax.

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November 30, 2017, 06:36:44 AM
 #2186

The most obvious difference between bitcoin and real money is that it can be controlled or not, real money is easily controlled by the central bank while bitcoin can not be controlled because it is decentralized.

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November 30, 2017, 06:39:13 AM
 #2187

I think you have understood wrong this problem, money and bitcoin are two  different things  and have completely  different values, money is
 money  and  bitcoin is  bitcoin, bitcoin can  not be money. That is why the bitcoin  was born and that is why there are  different currencies
like USD, Euro, ..

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November 30, 2017, 06:42:14 AM
 #2188

Real money goes through a lot of process to be called as such. It has security feautures to know its authenticity and it can be used om a daily basis since its supply is stable and is replenished to sustain the inflation. Bitcoins on the other are very much secured like money because of blockchain technology. It doesn't have a much stable price compared to real money. Bitcoins are decentralized too meaning there are no banks involved with Bitcoins.

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November 30, 2017, 06:49:57 AM
 #2189

The most obvious difference between bitcoin and real money is that it can be controlled or not, real money is easily controlled by the central bank while bitcoin can not be controlled because it is decentralized.
Some countries makes restricted regulation of money, there is limitations about how much money that you can withdrawls per month or how much money that you can send to another country. Bitcoin is the real freedom for us, its so much better than real money.

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November 30, 2017, 12:27:59 PM
 #2190

The most obvious difference between bitcoin and real money is that it can be controlled or not, real money is easily controlled by the central bank while bitcoin can not be controlled because it is decentralized.
Some countries makes restricted regulation of money, there is limitations about how much money that you can withdrawls per month or how much money that you can send to another country. Bitcoin is the real freedom for us, its so much better than real money.

This is true about limitation. In my country we are limited to daily bases of 2500 euros per day only companies can take more.
Bitcoin is something else you can withdrawal how much you want when ever you want.



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November 30, 2017, 12:37:39 PM
 #2191

The thing that many countries are afraid of is bitcoin using decentralized systems, everyone is free to own and use so that prices are uncertain, can go up and down hundreds of percent in a month, while real money is the official currency of a fully protected and controlled state.



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December 01, 2017, 05:19:42 AM
 #2192

But I think bitcoin it's not pay system now. Only a few pay systems can take a real money, which costs for bitcoin. Its not important for economic. Only hype:)
here are a lot of diffrence between these two mode of payments but the most important diffrences are bitcoin is controled by the user but real money is controled by banks not by users. government can take actions on real money but bitcoin is same in all the times nothing will change it
Apart from it bitcoin has a lot of the benefits, bitcoin is the currency that will give you the safe and the secure future as well as bitcoin will make you earn a lot of the money, now a lot of the investors are investing in the bitcoin to have the profit, as you said bitcoin can be use as the source of the income so bitcoin is the side income as joining the signature campaign and we can earn with the bitcoin even along wi8th the regular job.

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December 01, 2017, 12:14:42 PM
 #2193

If you only have real money, they will simply remain the same, and they won't grow. But if you transfer them into bitcoins, it will gradually grow, giving you a good profit. You can use the tax for free for your income in bitcoin, if it isn't regulated in your country. You can send huge amounts of money through bitcoin to anywhere in the world instantly with low commissions.


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December 02, 2017, 07:54:26 PM
 #2194

If you only have real money, they will simply remain the same, and they won't grow. But if you transfer them into bitcoins, it will gradually grow, giving you a good profit. You can use the tax for free for your income in bitcoin, if it isn't regulated in your country. You can send huge amounts of money through bitcoin to anywhere in the world instantly with low commissions.

Bitcoin is not the good way to make money easy as your said, you are mistaken this currency as an asset for saving money or investing but always provide profit. You do not warn others the risk of this currency because it is an investment form. As long as it can calls is an investment form, it is not safe.



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December 03, 2017, 09:22:07 PM
 #2195

Well, the most important thing is its decentralization and the absence of controlled emissions. No state can take it under control. Till...

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December 04, 2017, 01:59:34 AM
 #2196

If you only have real money, they will simply remain the same, and they won't grow. But if you transfer them into bitcoins, it will gradually grow, giving you a good profit. You can use the tax for free for your income in bitcoin, if it isn't regulated in your country. You can send huge amounts of money through bitcoin to anywhere in the world instantly with low commissions.

Bitcoin is not the good way to make money easy as your said, you are mistaken this currency as an asset for saving money or investing but always provide profit. You do not warn others the risk of this currency because it is an investment form. As long as it can calls is an investment form, it is not safe.
We can choose whatever we want with our bitcoin and those people who are willing to take the risk should invest with bitcoin because it's already proven to be one of the best investment, it's new and that means there are still more rooms for progress, if we are willing to hold longer then I guess buying bitcoin even now is a good idea.

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December 04, 2017, 02:20:40 AM
 #2197

There are big differences between real money and Bitcoin. For one, real money depreciates. That is very basic. We all know that. Bitcoin on the other hand, appreciates. You should know that. What your real money can buy today will not be bought with the same amount of real money 5 years from now. Bitcoin's case is different. If your 1 Bitcoin today can buy you a simple and old car, years from now, this 1 Bitcoin will give you a Lamborghini and a house and lot. 

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December 04, 2017, 02:54:32 AM
 #2198

There are big differences between Bitcoin and real money. Real money is controlled by the government of respective country and have to pay the tax and Bitcoin is a cryptocurrency and doesn't pay tax. Good thing about real money if there are things you want to buy immediately you can just get money from your wallet. While Bitcoin transactions are made over the internet and are public where your addresses are known whereas cash transactions are pretty much anonymous.

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December 04, 2017, 03:28:50 AM
 #2199

I think it is wrong to compare bitcoin with real money because bitcoin is very useful for online services while cash is useful for everyday needs.

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December 04, 2017, 03:36:31 AM
 #2200

In my opinion the main Difference of Bitcoin and real money is Bitcoin has limited supply and real money has unlimited supply, government can produce money whenever they want thus makes it unlimited and makes the price of money lesser, another difference is that Bitcoin can be use less hassle in some transactions because you can always do it online unlike real money.

   
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