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Author Topic: Difference between Bitcoin and real money?  (Read 113830 times)
Tiktik
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January 10, 2018, 03:36:45 AM
 #2641

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?

Theres a big difference between money and bitcointhe example is if you have bitcoin money will become more cheap because bitcoin is more than money but you canoot get more money even you have a bitcoin if fiat doesnt acxept this . So i think both of two is usable and profitable from each other.

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January 10, 2018, 03:41:37 AM
 #2642

There are many different bitcoin and real money, One example bitcoin we can use online but weakness we can not use it offline, And also may be hacked. If real money we can use anytime and anywhere, But the weakness of real money is damaged or stolen.

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January 10, 2018, 03:46:44 AM
 #2643

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?

Theres a big difference between money and bitcointhe example is if you have bitcoin money will become more cheap because bitcoin is more than money but you canoot get more money even you have a bitcoin if fiat doesnt acxept this . So i think both of two is usable and profitable from each other.
The obvious difference between bitcoin and real money is that bitcoin is a crypto currency or a digital currency therefore it is impossible to use this currency without internet connection and in addition bitcoin is having no central control while real money is currency by our own government and it can be used by anyone even without internet but it is centralized and government regulated.

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January 10, 2018, 03:56:36 AM
 #2644

I think the biggest difference between Bitcoin and real money is that you can pay for any online good or service by Bitcoin with just a click, while you cant do that with real money.
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January 10, 2018, 04:47:00 AM
 #2645

Bitcoin is complex money. The complex explanation about the value of algorithm. At least you can buy something use it. I can't say it's real or not because it does not have a physical body. Not completing about the criteria of a real money. But bitcoin still keep its value and the digital form makes it have a complex characteristic. Bitcoin is tax free but Real money is not tax free.Bitcoin can't be use in every shop or markets.But real money is eligible in every shops and markets.If we transfer bitcoin it's untraceable but real money transfer is traceable.Real money will never die or banned  but bitcoin can be banned or vanished
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January 10, 2018, 05:29:48 AM
 #2646

Bitcoin is a digital currency and the fiat money is a real or touchable currency. The fiat money is more convenient than bitcoin and the bitcoin is quietly not user friendly. But in fiat money in a certain country the value is stable and in bitcoin the value is going up down because it's just like product its undergo the law of supply and demand.

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January 10, 2018, 05:34:21 AM
 #2647

Bitcoin is a digital currency and the fiat money is a real or touchable currency. The fiat money is more convenient than bitcoin and the bitcoin is quietly not user friendly. But in fiat money in a certain country the value is stable and in bitcoin the value is going up down because it's just like product its undergo the law of supply and demand.
You are wrong there, bitcoin is a user friendly it will depend only on how do you want to use it. Moreover, you can anytime change or convert it into your fiat money so there is no big hassle there. Its just your advantage doing and holding some bitcoins not only in full fiat money.


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January 10, 2018, 05:49:52 AM
 #2648

There are a lot of difference between bitcoin and real money but the most important difference is that money is literally legal and accepted in the whole word. There are some advantage and disadvantage of bitcoin and real money. The advantage of bitcoin now is it is easily to be access because it is in the internet unlike with real money you need to go to bank or must be in your pocket to have one. But the biggest advantage of real money is it is acceptable in any kind of transactions unlike with bitcoin which is only accepted in some transactions.

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January 10, 2018, 05:52:41 AM
 #2649

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?

I guess the paper currency and the virtual one are entirely different and could not be compared but if we look at both of them then obviously BTC has the superior hand. It's very easy to answer that why should one invest into BTC only, because nothing can give you more profit than BTC. As you are saying that why should you invest into BTC, you can invest into shares also, so first compare the inflating valuation of bitcoin and any other trading. BTC has the potential to double your investment and even in very short span of time so I strongly recommend that one must invest in BTC

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January 10, 2018, 06:43:56 AM
 #2650

Bitcoin is a virtual decentralized currency that is using for any sort of payment method, on the hand, Real money is centralized and it also can be used for all sort of transaction. Real Money is visible so you can touch it but Bitcoin is not like that. Bitcoin is made up by a software code so it's can't get touched. One thing is that the internet is mandatory to use or payment system for Bitcoin but real money doesn't require anything.

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January 10, 2018, 09:49:24 AM
 #2651

The difference of it is the value the bitcoin has a higher value than our real money and for now if you have a 1 Bitcoin you are rich but if you have 1 Usd you are poor.

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January 10, 2018, 07:25:34 PM
 #2652

I think the big different of this two things is that money is created physically and issued by the national bank of different countries in the world; while bitcoin is created also by a human’s intelligence but is was operating in the internet of in the virtual world.

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January 10, 2018, 07:39:20 PM
 #2653

The difference is that real money is a physical currency while Bitcoin is a cryptocurrency. Real money is controlled by government/institutions and stored in banks while bitcoin is decentralized and only exist in virtual world.

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January 10, 2018, 07:55:02 PM
 #2654

I think perhaps the problem you give does not have to  debate too much as btc and real money do not have any similarities in characteristics, although probably in some cases the purpose of use is similar.

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January 10, 2018, 07:55:34 PM
 #2655

I see real money and bitcoin is completely different. Bitcoin is a digital money, payment method and bitcoin's storage method completely different from real money. You can invest in bitcoin to make a profit while real money is not.

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January 10, 2018, 07:57:41 PM
 #2656

Real money or Fiat cash is controlled and backed by Governments who issue it. Bitcoin is not controlled by anyone, it is set up using mathematics, code and algorithm and supported by miners who secure the network.

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January 11, 2018, 02:40:39 AM
 #2657

Bitcoin is a decentralized virtual currency used as an online transaction payment. It is an open source that uses blockchain technology controlled by nobody even the authority or central bank. Everyone of us can have and take part of it.


Real money is a centralized currency that can be a gold, paper, coins, etc. You can buy anything you want through real money. You can keep money by deposit through your savings bank account or piggy bank.
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January 11, 2018, 04:30:49 AM
 #2658

One of the most distinct difference between cash and Bitcoin is that the former is tangible while the latter is not, making it very flexible to change its value.
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January 11, 2018, 04:36:52 AM
 #2659

The first and most important thing is the acceptance among these two like if i suggest that bitcoin is the digital money and not accepted everywhere so for the other forms of money which can be said that this is the real money we can say that this is the paper money and this money is using through out the world. With out any problem we can use this money.

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January 11, 2018, 05:16:08 AM
 #2660

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 cryptocurrency that can be earned through the use of internet and can only be stored in a digital wallet and there is a blockchain for its transaction where the people involved in the transactions are anonymous and there is no tax. where in the real money you need a bank to store a large amount of it and there is a tax.
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