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Author Topic: Difference between Bitcoin and real money?  (Read 111677 times)
bmartin44
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December 16, 2017, 12:37:34 AM
 #2381

I see there is no difference comparing bitcoin and fiat, as if I can pay my goods with bitcoin, then it is money.

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December 16, 2017, 12:53:17 AM
 #2382

Users have quoted several family differentiating bitcoin from real money. The major thing is the control authority. Bitcoin is decentralized whereas real money is centralized. With real money transactions were limited unlike the banks.

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December 16, 2017, 01:11:52 AM
 #2383

Theres a huge difference, disadvantage and advantage.

 Fiat- we used it in our lives and fiat is a money that we can hold. It just popular since the money was born. The old ages use a different things to exchange but when they knew a gold to exchange, it was new then became more popular then he knew that if they were used gold it is good because of a little number of supply in the world and they are rich when they have it but it was use it on some things, like necklace, earings and etc. So the fiat was developed to become a artificial gold, because fiat cannot use as personal things.

Bitcoin or digital coin- it is a money, a real money also. It came from a fiat that was updated like gold before, into fiat then now, into digital coins. It is more advantage than fiat because it is not easy to corrupt and it has history for transaction thats why it is good to use for some government in the country that was experience graft and corruption.

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bololord
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December 16, 2017, 01:45:11 AM
 #2384

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 more advantage than real money because you can use this bitcoin to transact so fast than real money you cannot send money so fast you need a long time to send it so i think bitcoin is more good to use hope that someday it become real currency.

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December 16, 2017, 02:22:38 AM
 #2385

I think there's a big difference with both bitcoins is that digital currencies can only shop through real money online so you can shop anytime there by not being online. But with other local currencies, we can do even more where we live.

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December 16, 2017, 02:35:53 AM
 #2386

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 more advantage than real money because you can use this bitcoin to transact so fast than real money you cannot send money so fast you need a long time to send it so i think bitcoin is more good to use hope that someday it become real currency.

Digital currencies like bitcoin and other alt coins has advantage and this advantages compare to flats or cash. One of the advantage of it is just what you have said fast transaction and I'm adding anonymity, secure and you can transact in any part of the world as long as there is an internet connection.

Some of its disadvantages are, You cannot use it without internet connection, You cannot use it without electricity, Its price is unpredictable it can easily rise and it can easily go down. If you lose/broke(can't repaired) the devices where you saved your PK's and recovery stuffs you're doomed.  Cheesy Cheesy Cheesy



VayneAurelius
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December 16, 2017, 02:42:28 AM
 #2387

There are several differences between bitcoin and the real money. Number one is bitcoin is digital while real money is tangible. They are both existing and you can see them but real money is the only one that is tangible or you can feel. Next is the price, price of bitcoin may vary because of several causes. It may go down and go up, but the question is when. While the real money is at its fixed. Another one is how you manage it. You can manage bitcoin through different digital wallets while real money is at your wallet in your pocket.

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December 16, 2017, 02:46:37 AM
 #2388

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 and real money are basically the same. They are basically used and valid for payment. But bitcoin is kept in the magnetic wallet and vice versa. The paper money is kept in the real wallet

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December 16, 2017, 02:51:56 AM
 #2389

I see there is no difference comparing bitcoin and fiat, as if I can pay my goods with bitcoin, then it is money.

There is a lot of differences in fiat and bitcoin despite the physicality of the coin. Bitcoin may be used as a payment to goods and services but I think it is still far from being a "money". It just has a equivalent value on currency the reason it is acceptable as a payment but it is not a money, money is made or printed out by the government, bitcoin is decentralized so I think it is not.

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December 16, 2017, 07:27:12 AM
 #2390

Bitcoin will replace paper money. That is the future of paper money, paper money is much inflation. torn or devalued. bitcoin can do that

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December 16, 2017, 08:06:52 AM
 #2391

Users have quoted several family differentiating bitcoin from real money. The major thing is the control authority. Bitcoin is decentralized whereas real money is centralized. With real money transactions were limited unlike the banks.
One of the most frequently cited positives in using bitcoin is the possible high degree of anonymity of their owners. The main reason for the positive context of this feature is the less likely state interference.

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December 16, 2017, 08:10:58 AM
 #2392

Users have quoted several family differentiating bitcoin from real money. The major thing is the control authority. Bitcoin is decentralized whereas real money is centralized. With real money transactions were limited unlike the banks.
One of the most frequently cited positives in using bitcoin is the possible high degree of anonymity of their owners. The main reason for the positive context of this feature is the less likely state interference.
For an effective, i. market, monetary system requires more transparency than anonymity. Of course, I believe that this and other similar Internet currencies will be optimized, with one of the guidelines being aimed at a higher degree of transparency.

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December 16, 2017, 08:15:01 AM
 #2393

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?


both of them types of pay : paper money better for daily things and all need it.

bitcoin better for investment and send money with low fee to anyone

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December 16, 2017, 08:29:05 AM
 #2394

Bitcoin will replace paper money. That is the future of paper money, paper money is much inflation. torn or devalued. bitcoin can do that
the current monetary system has many supporters. State control over money supply is a thesis advocated by many economics schools, even those who are market-oriented. Therefore, the difficulties  of the Bitcoin will are big until clearing the differences with real money

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December 16, 2017, 08:35:24 AM
 #2395

Virtual money, in the current format like Bitcoin ... is actually the code generated by the computer; Electronic money, too, is a computer code, such as a QR code, a bar code, or some kind of code ... So many people have mistakenly thought that virtual currency and electricity bills Death is one.
Electronic money can not itself increase or decrease value, but it only changes based on the actual balance in the customer's account or credit card, which means the electronic money has a definite value, and can only be increased or decreased when customers add money to account or "scan" code to buy. Whereas virtual currencies such as Bitcoin, Ethereum, Litecoin are themselves a commodity, the value decreases due to the "mastery" of "masters, grooms, and gamblers" This does not depend on any real value available.

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December 16, 2017, 11:58:18 AM
 #2396

Money is simply the commonly accepted unit of exchange. Since Bitcoin is not yet commonly accepted, it is not fair to call it 'money.' However, Bitcoin currently is a currency. Should it gain popularity amongst the general population, or within a sub-population (e.g., B2B settlements), it could be considered a form of money. In the end, these terms are somewhat subjective and are defined differently in different schools of economic thought.
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December 16, 2017, 11:59:45 AM
 #2397

The basic difference of two is bitcoin can only spend online while fiat is can spend anywhere.
I like bitcoin as investment because of higher value and continuous increasing.
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December 16, 2017, 12:04:57 PM
 #2398

Since I'm actively using Bitcoin as a payment method to cover my living expenses for me personay there is no big difference between real money and Bitcoin except that Bitcoin is only in virtual shape and it's not connected to my bank. Of course from economic and financial point of view there are many differences between Bitcoin and fiat currencies but once when cryptocurrencies become more adopted in society and legaly regulated the position of Bitcoin might change for the better in that sense also.

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December 16, 2017, 01:29:56 PM
 #2399

Same both you used them to get what you need from food, bills ,....., cars,hours,...... etc

paper money is better for pay now, in future may changes.

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December 16, 2017, 01:32:04 PM
 #2400

Bitcoin gives the user much more freedom economically! Thats why its always a better option than any fiat in the world right now
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