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Author Topic: Difference between Bitcoin and real money?  (Read 110663 times)
bryson
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December 05, 2017, 12:09:50 PM
 #2221

Bitcoin is an investment type. Converting your money to bitcoin is investing into bitcoin. It would do you better to think of bitcoin as an investment over currency because that's what many people see it as. Using bitcoin to buy physical objects is still very hard to do. Your real investments are worth money that you can sell for, which is the exact same as bitcoin. It's just that bitcoin was first conceived of as a currency type.
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ken0203
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December 05, 2017, 12:23:32 PM
 #2222

The obvious difference between bitcoin and real money is the tangibility.  Bitcoin is intangible while real money is tangible.  Government back you up with the real money while not on bitcoins.  Real money system is a close ledger hidden from the public while Bitcoin is an open ledger available in public who ever wanted to see the transactions. Government have no role in bitcoin but in real money government is the central node that control the flow of money.
AimHigh
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December 05, 2017, 12:32:21 PM
 #2223

Their are a big difference between real money even thou bitcoin or what we called cryptocurrency was also a money but it is digital money. Bitcoin is one or we should say number one and lead that to all cryptocurrency at have a high value when you convert it and if your digital money invest in bitcoin you have an assurance that sure you have an income and you earn every week but the real money if you invest in bank yes you havr also a assurancd but you income was a little bit not like bitcoin.
Ronaldcoin2017
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December 05, 2017, 12:33:27 PM
 #2224

The obvious difference between bitcoin and real money is the tangibility.  Bitcoin is intangible while real money is tangible.  Government back you up with the real money while not on bitcoins.  Real money system is a close ledger hidden from the public while Bitcoin is an open ledger available in public who ever wanted to see the transactions. Government have no role in bitcoin but in real money government is the central node that control the flow of money.
Yes i agree on that i think bitcoin is really diff. From the real money because bitcoin is unstable and it change its price without the prior notice .While in real money the price is really stable because it has a coresponding value and  prices made by central bank with the appearance autorization with the government i believe bitcoin is really connected to the real money because it is really convertable to tbe real money.

kingragnar
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December 05, 2017, 12:53:32 PM
 #2225

most people today do not know exactly what bitcoin is and what it does. Therefore, not all bitcoin purchases. I prefer the fiat money as everyone can afford it like department stores and home appliances and so on. and this is one of the evidence that society has not yet accepted the bitcoin or so they do not know it right now.

podrick17
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December 05, 2017, 12:56:35 PM
 #2226

most people today do not know exactly what bitcoin is and what it does. Therefore, not all bitcoin purchases. I prefer the fiat money as everyone can afford it like department stores and home appliances and so on. and this is one of the evidence that society has not yet accepted the bitcoin or so they do not know it right now.
You know that bitcoin is not controlled by anyone right? and it has not been a decade since it was created, i think these are some of the reasons why bitcoin is not accepted as payment by everybody.

C
Finally C is!!!
gakadem
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December 05, 2017, 01:04:35 PM
 #2227

the difference bitcoin and rill money only one in my opinion, bitcoin can not be spend anywhere different from paper money we can spend wherever we want, bitcoin has limitations .. only a few stores in my country that provide payment with bitcoin ..
bitcoin still needs more introduction ..

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nagatraju
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December 05, 2017, 02:56:51 PM
 #2228

We can easily determine the difference between bitcoins and real money. Real money is supportad by the government and people, bitkoin - no. People really accept real money, because they are legitimate unlike bitcoins, many think that bitcoin is just a means for various illegal transactions, and this makes bitkoin different from real money.


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Glydel1999
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December 05, 2017, 03:03:52 PM
 #2229

The only difference that i see is bitcoin is digital currency that we can  only spend in online and without real or physical coin, while real money or fiat can be used any where and it has physical.

patchot
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December 08, 2017, 03:12:09 AM
 #2230

Money is a term used by economists for something that does three things (which I'll briefly explain in a moment):

A store of value
A medium of exchange
A unit of account

BitCoin meets all three conditions -

You can acquire some and keep them, and they'll still be worth what they used to be (in the same way that a dollar is still worth a dollar, not that it'll still buy what a dollar used to.) That is to say, it's a store of value.

You can buy things with them. Not everyone will accept them, but you're probably going to have better luck finding someone to sell you a laptop for BitCoins than you are for Zim Dollars, despite the fact that Zimbabwe has a government.

You can price things in them, and they are fungible - that's to say that your BitCoin and my BitCoin are worth the same as each other. It's not like trying to trade in, say, oil paintings - people might accept a given Rembrandt for a given Picasso, but no-one would say "you can have my Turner seascape for (any) three Picassos." This makes them a unit of account.
Perseusallen
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December 08, 2017, 03:16:25 AM
 #2231

Theres a lot of difference between bitcoin and the real money. the First thing is the real money is tangible then our bitcoin was not. And the second bitcoin surpass all the real money or all real currencies all over the world but even theres a lot of defferences between those two. It is always the same cause we can buy anything through it.

Yanisumin
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December 08, 2017, 03:35:42 AM
 #2232

Bitcoin is a digital currency while real money is a physical currency. Both are currency but there are some differences between two. With this said,these two also have their own disadvantages and advantages. Good thing about real money is you have the actual money. If there are things you want to buy immediately, you can just get money from your wallet. While in bitcoin,since it is a "digital currency", so you need to have withdraw real money first before getting a product.

What do you mean by the real money? BTC is ours and ours alone. If you think that you have the money already and have some BTC in the wallet and you're not calling it yours then you must understand the blockchain more.
as gmaxwell said :
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what."

"Real" money? What do you mean by that? I would say that Bitcoin is the real money and fiat cash is the fake money. Central banks around the world are printing out banknotes without any control. Why should we give any value to such currency? IMO, real money is Bitcoin and bullion metals such as gold.
True, and sadly when I'm reading some comments here, BTC is not even understand by many here, they are saying that the fiat is the real money but in fact the banks are just toying with us, and again like Jeffrey A. Tucker have said :

 It’s a template for everything. Bitcoin isn’t really about Bitcoin. It’s about human liberty. We are not happy to live in cages of anyone’s construction. The goal of human life is to find a way to freedom. Governments and their lackeys laughed and dismissed this whole revolution, circa 2009 to 2017. There is no way the bird can escape, they said. Now it is too late
.


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Sithara007
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December 08, 2017, 03:39:36 AM
 #2233

"Real" money? What do you mean by that? I would say that Bitcoin is the real money and fiat cash is the fake money. Central banks around the world are printing out banknotes without any control. Why should we give any value to such currency? IMO, real money is Bitcoin and bullion metals such as gold.

kimdomingo
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December 08, 2017, 03:43:45 AM
 #2234

The good thing about having bitcoin is you can control yourself in using your bitcoins unlike when you have money there is a tendency that you use it anytime. Also, your bitcoin can have higher value just by investing it and wait for the time when it rises. It is a good way of earning a lot of bitcoins.
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December 08, 2017, 03:51:11 AM
 #2235

There are many differences between real money and bitcoin and one of them is the accessibility if the people. Bitcoin can only be accessed with the use of internet connection, and only those people who know bitcoins can have it. On the other hand, real money can be accessed through both internet and physical aspect, and ot is known by everyone; even the poor. We should invest in bitcoin however because bitcoin's price is surprisingly high.

ShiroThe5th
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December 08, 2017, 03:52:36 AM
 #2236

in real money, you can buy things actual and you can the real money to buy and everything you buy has a tax. in bitcoin you can buy things online, and you can buy any part of the world but bitcoin hasn't have any taxes. in real money you can also buy online but taxes are indicated. in bitcoin you can buy and sell it. buy a bitcoin when the price is low and sell it when bitcoin increases.

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December 08, 2017, 03:58:33 AM
 #2237

My simple point about bitcoin and real money is bitcoin just hold you will be doubled the amount anytime and it is like asset as well investment anytime can encash it. But with real money it will be deposited and will return you the same amount with very less interest added to it. This is the major difference between bitcoin and real money for me there is other thing also available to specify.

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December 08, 2017, 04:00:30 AM
 #2238

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?


If your money is in bitcoin while gambling or while doing other investments there is a chance that you might be swept with the wave of it.
Although risky if it falls but as of now the more you wait the better you get. Its just always rise for now. Just months ago it was at $350 look at it now. Can your $ do that?
  Smiley

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December 08, 2017, 04:05:54 AM
 #2239

You should invest on btc for getting a huge profit and getting rich quickly.And also we know that bitcoin is a digital currency and it's called by the name of the future currency.If you would invest on bitcoin on September 2016,now you would become a rich and got a huge profit

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December 08, 2017, 04:43:43 AM
 #2240

Bitcoin is a digitall asset and can be purchase online and prices are going up and getting expensive compared to fiat money that has no value at all it's just paper that exist in this world. i will choose gold rather than fiat money for transaction, but now we'ere speaking technology so Bitcoin is the real money making an asset of all transactions.

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