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Author Topic: Difference between Bitcoin and real money?  (Read 110633 times)
Smith871
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December 08, 2017, 10:24:34 AM
 #2261

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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Et Hereum
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December 08, 2017, 10:26:24 AM
 #2262

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
 #2263

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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multic2012
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December 08, 2017, 10:31:57 AM
 #2264

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!!!!

intoy_victor
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December 08, 2017, 10:33:21 AM
 #2265

Exactly, less taxes and more income! The defferent of bitcoin into real money are...
Bitcoin has a high value
Bitcoin is kind of crypto currency that is getting higher
Bitcoin is dominating the crypto currency because bitcoin is unbelievable price that has no one can surpass it.

livingfree
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December 08, 2017, 10:39:41 AM
 #2266

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?


Bitcoin is a digital and virtual currency that can only be found in the digital world, while the local currencies that are being used in every country is a normal currency only. Bitcoin is not stable, it's like an investment. While the real money's value or price is stable. For example, if you have $20 that will not move and it stays on $20 only. Bitcoin does not have a tax, the real money does. Bitcoin is decentralized, the real money is centralized. These are the few differences of bitcoin and the real money, I know that this is not enough but I hope that it still helps you.

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Coinsher
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December 08, 2017, 10:43:58 AM
 #2267

The difference between bitcoin and real money is that,bitcoin is a digital currency.You dont need to go in the stores,malls or any establishments just to pay your bills.While real money,u need physical appearance inorder to pay ur bills.
eiijee160613
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December 08, 2017, 10:52:10 AM
 #2268

I Can't say if it's different cause they are connected to each other, May be disadvantage and advantage to each other..this is on my opinion ,maybe the value its self? without money BTC is worthless;but money without BTC is still money?, In terms of banking and investment BTC can get faster profit than money..
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December 08, 2017, 10:58:11 AM
 #2269

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!!!!
I agree with you, that is a good point. Bitcoin is limited and it can't be created again because it has a limited amount of supply and that is why it is best to have bitcoin because it promotes deflation that will help us to earn a lot of money while fiat money or real money is a bad thing for us to save and keep because it is depreciating because of the inflation.

barabarian1
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December 08, 2017, 10:58:37 AM
 #2270

bitcoin is virtual money.
money is fiat, regular, and usually they are paper or coin.
if you want to gamble, you shouldnt change your money into bitcoin, just bitcoiner will play gamble with bitcoin.
and you shouldnt invest via bitcoin if you want to invest in real money. bitcoin is like the other method to invest.

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congtuan001122asd
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December 08, 2017, 10:59:38 AM
 #2271

Bitcoin is electronic money, its activities and transactions are based on the internet, it is free, independent of the bank or governed by the state.Another big difference is that real money is used more than bitcoin.

Wyne
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December 08, 2017, 11:36:10 AM
 #2272

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?

Welcome to the bitcoin world. The difference of bitcoin from real money is bitcoin is a digital currency. Unlike real money that acceptable in any stores for any transaction, bitcoin was accepted mostly on online world.  With the said limitation, why we should still invest in bitcoin? The reason is simple, there is no other currency increases just like bitcoin. This is the reason why many people differentiate bitcoin from gold.  As gold, we cannot use it as mode of payment but if you convert it into cash, it has a high value.  As such, even bitcoin cannot use as mode of payment, you can easily convert it into cash if you needed.  The great reason why you should convert your dollar into bitcoin as investment is because no other stock market can give you the opportunity to earn as the bitcoin offers. 

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December 08, 2017, 11:44:08 AM
 #2273

I just want to tell one advantage disadvantage of bitcoin and the real money if you hold bitcoin it will give you a very big returns doing nothing. In real money it will stay with you only with very little benefit that also if you deposit in the bank and you need to pay tax and all.

Disadvantages of bitcoin is to access bitcoin we need internet and it is not possible at present to get in the rural villages to use bitcoin where real money has no restrictions it can be accepted any where and anytime.

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Lingqingyi
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December 08, 2017, 11:46:56 AM
 #2274

I think bitcoin is better than real money, because bitcoin has value added space, but real money only depreciates, which is clearly not the result we want.

azguard
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December 08, 2017, 11:59:17 AM
 #2275

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.

You pay some small fee for sending bitcoin to another account or wallet, only exchanges pay fee greater some even 0.002 per transaction, but beauty is that you dont have to give any details. While sending money you need lot of paper plus they take you commission of 1 percentage or little less, this is ok when you send few hundreds but when you send millions this is something else.



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December 08, 2017, 12:27:36 PM
 #2276

For me, the difference between bitcoin and real money is through physical appearance and acceptance. Yes, bitcoin and real money have the same use, but the recognition of it has a huge difference. Real money is much acceptable than bitcoin; you can use the actual money in any store, company, and establishment. But the bitcoin is not fair because it’s a digital currency that needs an internet to process. Smiley

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December 08, 2017, 01:25:34 PM
 #2277

In some ways, Bitcoin differs from conventional currency. For example one of them is, Bitcoin is digital, quite different from real currency in the form real. The circulation of Bitcoin is not regulated by the central bank, while the real currency is set by the central bank. If you ask me why should you convert your real money to bitcoin? If I think bitcoin is the best digital currency right now, because its explosive value makes many investors use bitcoin for investment, and that's very profitable.

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December 08, 2017, 01:35:00 PM
 #2278

For me, the difference between bitcoin and real money is through physical appearance and acceptance. Yes, bitcoin and real money have the same use, but the recognition of it has a huge difference. Real money is much acceptable than bitcoin; you can use the actual money in any store, company, and establishment. But the bitcoin is not fair because it’s a digital currency that needs an internet to process. Smiley
Yes exactly that is the difference, real money is a physical one that is used by the people in daily life for all the purchases. Bitcoin is also a currency but not a physical one it's like a virtual money.bitcoin is a digital currency used in online for shopping, investment etc

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December 08, 2017, 01:36:09 PM
 #2279

Bitcoin is a digital currency and it is used online transactions and is very volatile while that of real money is a local currency that can be used both online and in stores around us, it is also physical and acceptable.

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December 08, 2017, 01:37:41 PM
 #2280

I know bitcoin in a short time, I have little knowledge about bitcoin. So I just figured out bitcoin by joining the signature campaign. I expect I will know many ways to earn bitcoin on this forum.

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