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Author Topic: Difference between Bitcoin and real money?  (Read 113818 times)
Pakar11220
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December 09, 2017, 05:23:53 PM
 #2321

its a digital cryptocurrency created in 2009.bitcoin is the only currency i think which is not present in physical for not issued by any bank or govt,nor are individual bitcoins valuable as a commodity.and real money in simple is a cash in physical form,used for settling debts.

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December 09, 2017, 05:54:38 PM
 #2322

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?

Go ahead and try so you would know. Using Bitcoins means stepping up your game. The Bitcoin digital currency fluctuates a lot and that could be an advantage. However, everyone uses bitcoin for investing money and buying stocks because of its payment system that is really fast compared to the traditional banks.
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December 09, 2017, 06:06:19 PM
 #2323

Bitcoin is a digital currency that runs on blockchain network controlled by the people.
Real money is currency issued and controlled by the banks and government with no privacy whatsoever.
That is the reason Bitcoin made a lot of the developers and the rich interested it. They like to using a currency can provide them all privacy, permission. They do not need to depend on the government and scare the government pay attention in their amount.
Fiat money is manipulated by the banks and governments that's why it will cost you some taxes. Also the Bitcoin is a digital currency which makes the p2p deals more easier and fast. Also Bitcoin has a lot of advantage compared to he physical money. The less labor, endurance, accuracy and the  time.
Chainblock
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December 09, 2017, 06:16:43 PM
 #2324

Personally i don't see any real difference between Bitcoin and other currencies (i do believe that Bitcoin is in fact real money). We can use Bitcoin the same way using fiat and other currencies.
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December 09, 2017, 06:19:22 PM
 #2325

There is a big difference between the bitcoin and real money. First bitcoin is more convenient to use since you can enter to a transaction without paper works,
less manual procedures and time saver. Another thing bitcoin provides immunity against the threat of inflation which does not the real money have.

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December 09, 2017, 10:34:41 PM
 #2326

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?

of all your questions I think the answer you are still hesitant in investing in bitcoin I suggest you analyze more read and predict yourself whether sure your investment will be successful or its result will be nil then next up you will go forward what backwards
Really your point is good that there is no need of registration, age and no restriction. A simple thing you need is that access to the internet. Bitcoin is fast in processing on the other hand you need of bank for store money. There is too much time spent in processing. Taxes are applied on real money. Bitcoin is independent of all taxes. There no other person or party involve in your transaction. In fact Bitcoin has many big advantages over the physical money.
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December 11, 2017, 07:48:37 AM
 #2327

Bitcoin is a digital currency which uses blockchain for transactions. So if we were to compare security wise, cryptocurrency is definitely a lot safer compared to cash dealings.

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December 11, 2017, 08:22:48 AM
 #2328

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?


Frankly speaking, Bitcoin is not a way to minimize tax but to facilitate money in digital world. You can convert your money to any currency. World is emerging and no need any currency controlled by anybody. Thats why bitcoin or other coins will keep growing.

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Ian Dave
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December 11, 2017, 08:34:13 AM
 #2329

If you invest your own currency into bitcoin, your money will be big because Bitcoin has a big value. You can change you Bitcoin into real money. Bitcoin is a famous digital currency and it's different from real money. You can only transact the money through online and it's a fastest way to transfer money to another account or country.

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December 11, 2017, 08:37:11 AM
 #2330

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?

It is the form which is the difference between real currency and Bitcoin and also on its function. Bitcoin is a digital curremcy which means that it doesn"t have a physical form unlike real currencies like dollars and the likes. Also real currency is centralized which is unlike Bitcoin that is decentralized.

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December 11, 2017, 08:41:01 AM
 #2331

I would say real money keep they value constant way too much, while Bitcoin doesn't, today you have 1 $ in your pocket, the next day you are a milionaire.

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December 11, 2017, 08:44:15 AM
 #2332

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?

There are many difference between bitcoin and fiat money. Bitcoin is a digital currency that you can only access it by using internet while fiat money is the money that we can see in our daily lives. Fiat money is the money that is tangible.


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meepowithaghs
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December 11, 2017, 09:09:25 AM
 #2333

They are both a currency. The difference is that bitcoin only exist because it needs internet access. Unlike real money that can be available online or offline.
Kousei23
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December 11, 2017, 09:24:20 AM
 #2334

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?


There are many differents between the two, the real money and the bitcoin. But for me the main difference between the two is that real money is the only currency we are using as of today and I think it will never be change or replaced by bitcoin yet bitcoin is the currency we use ditigal and somehow will be in digital only and continuously will take progress.


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December 11, 2017, 09:26:57 AM
 #2335

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?


For me based on my observation, the primary difference between bitcoin and real money is that they do noy use in the same platform in which they are both different characteristics. Real money is being used in real world ofcourse as a currency while the bitcoin is used digitally currency such in buying online, working online and earning online.

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December 11, 2017, 09:29:43 AM
 #2336

The  major different between bitcoin and real money, is digital currency, which can solely accessible online through internet, without internet you can't access it, but real money you can torch, fell, and real money is widely accepted in their various home country, while bitcoin solely accepted after conversion to home currency, before it can be use.

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December 11, 2017, 09:33:32 AM
 #2337

Well, the two of them are still money, with the difference is that cryptocurrency like the bitcoin is digital and can change value through time which is unpredictable, while real physical money is what we use everyday.

People view bitcoins as a way to earn money by investing with real money with a risk, while some view it as a way to make online transactions and transfer big amount of cash easier.
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December 11, 2017, 09:39:19 AM
 #2338

Bitcoin is a digital currency which can be use online for transactions without necessarily coming in contact with the trading party physically while real money is mostly use physically
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December 11, 2017, 09:43:41 AM
 #2339

They are both currency in common but it only happens that bitcoins is increasing its value periodically while fiat is not unless you place it on the time deposit inside the bank. That's also the reason why bitcoins is better than fiat.

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December 11, 2017, 09:51:31 AM
 #2340

They are both currency in common but it only happens that bitcoins is increasing its value periodically while fiat is not unless you place it on the time deposit inside the bank. That's also the reason why bitcoins is better than fiat.
Yes, they are both currency but the big difference is that Bitcoin is a virtual currency while the real money is a real currency. You cannot use bitcoin without internet since it system will need of internet connection in every transaction but the real money can buy anywhere in the corner.

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