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Author Topic: Difference between Bitcoin and real money?  (Read 112547 times)
VladimirsV
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December 08, 2017, 08:20:32 AM
 #2241

Real money exists, you can touch it, you can do whatever you want with it.
However, it's almost unreal to stay anonymous when it comes to real cash. BTC, providing you anonymity.
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gbolly1151
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December 08, 2017, 08:21:40 AM
 #2242

Bitcoin is electronic money while real money is a physical,you can feel and touch it.

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December 08, 2017, 08:25:13 AM
 #2243

Bitcoin is not regulated or bound by the bank. While the real money associated with the bank and also set by the government. Bitcoin has not been set by the government and there is no legality yet. Bitcoin is also decentralized

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Majharul Saiif
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December 08, 2017, 08:27:43 AM
 #2244

 In my opinion,Bitcoin and real money are two difference topics. One is online based virtual money system and the other is cash money system which everybody can see and able to touch by hand.There are many difference here,I think,this reason is main difference between Bitcoin and real money.

jeffer8035
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December 08, 2017, 08:44:36 AM
 #2245

the first of many you can not print but you go to a bank and you have to ask for permission to get your money aside you have to give explanations of where you got it from there is a financial crisis you lose your money in bitcoin does not happen that you have to the time you want the amount you want and nobody asks you for explanations of anything
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December 08, 2017, 09:02:30 AM
 #2246

Bitcoin is more and more popular now that is why it will be easy to buy share or stock by bitcoin in future while bitcoin price is stable.

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December 08, 2017, 09:12:20 AM
 #2247

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 converting your fiats into bitcoin, i must suggest that you should find some legit persons that selling bitcoin. But nowadays, Scammers are everywhere. We cannot define if the person we've transacted is legitimate or not. Some stores also like 7-11 here in the Philippines are accepting Bitcoin. You can easily cash in to your Bitcoin wallet without hesitation.

In converting your Bitcoin into fiats, You can sell your bitcoins if you want to. If necessary or in case of emergency.
Fiats are centralized and Cryptocurrencies are not. Always remember that Bitcoin is volatile. We cannot predict how long the rate will increase and decrease.

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December 08, 2017, 09:30:37 AM
 #2248

Bitcoin is certainly popular but I'm not sure that everyone will suddenly start using it instead of fiat, especially my grandparents..  Roll Eyes

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December 08, 2017, 09:32:52 AM
 #2249

There are many difference between bitcoin and real money, first bitcoin is a virtual money and have a decentralised system and not all people knows because if you have no knowledge on computer you will not know it. While real money have a centralised system and passed through generation to generation, almost all the people in the world know it because money runs the world. If one is removed then the world will have a big problem and everyone will be in trouble because we got used to it in our everyday life.
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December 08, 2017, 09:35:08 AM
 #2250

The difference of Bitcoin in real money? bitcoin is a kind of money that does not use paper. While fiat money uses paper to make it all profitable. And I also think Bitcoin is more secured than real money because bitcoin uses blockchain technology.
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December 08, 2017, 09:37:58 AM
 #2251

There is not abundant on their distinction as a result of bitcoin  is another variety of cash and it's virtual and act or real is simply physical. They will each facilitate u.s in having money freedom if we all know a way to manage those 2 and if you are sensible enough on a way to use it them you will generate lots of financial gain from it.

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December 08, 2017, 09:40:53 AM
 #2252

Several users has described the major difference that's the virtual usage. It cannot be used same as our fiat currency. It requires some basic understanding for using it as everything is linked to technology and internet. Real money is simple that even an uneducated man can use without difficulty.

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December 08, 2017, 10:10:57 AM
 #2253

firstly money is fiat currency and Bitcoin is crypto and digital currency.secondly the BTC is only present on the virtual world, real money is everywhere  Tongue

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Bandon
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December 08, 2017, 10:12:47 AM
 #2254

Bitcoin is a peer-to-peer electronic payment system that operates as an independent currency. The constitution of Bitcoin is analysed by comparing the currency to each of these ideal types. It is argued that Bitcoin is commodity money without gold, fiat money without a state, and credit money without debt.
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December 08, 2017, 10:17:28 AM
 #2255

Difference between bitcoin and real money, Bitcoins are only found in digital world, It has no form and symbolized as numbers, Bitcoins has no definite value, its characteristic fluctuates from time to time. It is highly volatile. Unlike fiat currency are found in real world and has its form composed of paper. It is usually used by merchants to exchange goods and services.

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December 08, 2017, 10:20:33 AM
 #2256

Bitcoin is a virtual currency that can be moved like money around the world quickly and anonymously without the need for a central authority.However, it has seen a stunning rally. Factors driving the rally include: political uncertainty making bitcoin a safe haven asset and recent legislation in Japan which allows retailers to accept bitcoin as a legal currency
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December 08, 2017, 10:24:34 AM
 #2257

Bitcoin is a virtual currency that can be moved like money around the world quickly and anonymously without the need for a central authority.Bitcoin is a is decentralized, meaning it is not aligned within one country and involves no banks where as in paper money we have a central authority which control all the transaction through out the world.
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December 08, 2017, 10:26:24 AM
 #2258

You will have to pay a transaction fee when you transfer to another account from your bank account. When transferring with Bitcoin, you do not have to pay for sending directly without interrupting anyone. It is not influenced by the economics of any country because it is not connected to the central bank of any country, so the fluctuations do not depend on any person or state.

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December 08, 2017, 10:27:03 AM
 #2259

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 difference is quite easy to tell, it is the fact that money is not as volatile as our beloved coins which allows us to invest on it to earn a lot of money. Also, the ease in accessibility within the internet.

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December 08, 2017, 10:31:57 AM
 #2260

The difference between bitcoin and money,very big!Bitcoin is an electronic currency and its equivalent was 21000000,and the money is physical currency(what money?)the paper,which can print all you want!!!!!!bitcoin is also anonymous,but the money is controlled by the States!!!!

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