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Author Topic: Difference between Bitcoin and real money?  (Read 114184 times)
JimmieA
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January 10, 2018, 07:55:02 PM
 #2641

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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Minionnn
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January 10, 2018, 07:55:34 PM
 #2642

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
 #2643

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
 #2644

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
 #2645

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
 #2646

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
 #2647

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.

anavir
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January 11, 2018, 05:26:12 AM
 #2648

my idea about the difference between bitcoin and real money is that: bitcoin value is unpredictable while real money is not..for example, if you keep a certain amount of real money and you will not put it into business it will remain each value but in bitcoin, tendencies are..it may increase its value or it may goes down

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January 11, 2018, 05:43:49 AM
 #2649

If we saving $ 1 million in the bank then in a year the money only increased not more than 10%, but if we have $ 1 million and then we invest into bitcoin and cryptocurrency then a year our money will increase to 10x, that's the difference between real money and bitcoin.
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January 11, 2018, 05:54:47 AM
 #2650

if you invest in bitcoin you can double or triple your investment in future.bitcoin is high profit investment  in the world.lot of people start to invest in bitcoin and demand for the bitcoin increase day by day unlike fiat currencies.  and also bitcoin is a digital currency with a perfect technology that can't be stolen easily.but fiat currencies have physical nature.and it is easy to stolen or destroy.i think digital currencies are the future

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January 11, 2018, 06:12:35 AM
 #2651

Bitcoin and blockchain technology; it has been working on it for 10 years, not just in terms of blockchain, but the market infrastructure as well, reaching a massive users, reaching a great financing.
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January 11, 2018, 06:24:48 AM
 #2652

According to Falcon, a Swiss bank based in Zurich, new and existing private banking clients will be able to trade their own cryptocurrencies for fiat, not to mention a cryptocurrency wealth management product. Its clients can use their fiat accounts to buy and hold Bitcoin. Furthermore, at the bank’s headquarters in Zurich, there is a Bitcoin ATM installed in the lobby as a way of giving public access to private cryptocurrency accounts.

The bank says it will offer its clients a cryptocurrency wealth management processes that are compliant KYC laws and anti-money laundering regulations - it is already gaining the support of the government, considering that the arrangement between the private bank and the cryptocurrency exchange saw the approval of Swiss regulatory bodies: Crypto Wealth Management Service Launched By Falcon Private Bank
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January 11, 2018, 04:24:33 PM
 #2653

bitcoin is digital currency, when we use it we need internet. invest, trading we use it from internet.

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RKSummer
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January 13, 2018, 06:00:57 AM
 #2654

The difference, I believe everyone know about the fiat or real currency, Fiat have no need to explanation. But about bitcoin, So bitcoin is a crypto currency, and if we use the word of online currency than it is better, Otherwise the difference between bitcoin and real money, So many and many differences are here with each other, but in short, both are currency and both same way to get us facilitate, but real currency have no problem to use it, and the bitcoin, only a few countries and few people know about it.

Bitcoin is a virtual form of currency, a cryptocurrency which is decentralized. It is powered by internet. The government has no controll in every transaction that happens in bitcoin, that is why t is tax-free. While real money has its physical nature, it has shape and color.  It is centralized. It is controlled back by the government and everytime we spend it, there is always a tax.


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Junglee
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January 13, 2018, 08:46:58 AM
 #2655

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.

When you mention real money, you also talk about paypal, this service allows us to buy goods and services with just one click.

iamryan
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January 15, 2018, 12:13:45 AM
 #2656

Bitcoin isn't created out of thin air as normal currency is. And only a finite amount of bitcoin will be available. Bitcoin is a cryptocurrency that isn't regulated by any government unlike normal currency.
CHENIEN
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January 15, 2018, 12:27:31 AM
 #2657

For me, the difference between bitcoin and real money is on the quality and the value. The quality of bitcoin is only using by digital transaction using gadget's to gadget's and also about the value of bitcoin is more bigger than any money. Bitcoin having high value today compared to any kind of money. But the difference between bitcoin and money is that, the money legally used in different countries but bitcoin is not legally endorse by government.
bncbnc
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January 15, 2018, 12:30:29 AM
 #2658

The difference, I believe everyone know about the fiat or real currency, Fiat have no need to explanation. But about bitcoin, So bitcoin is a crypto currency, and if we use the word of online currency than it is better, Otherwise the difference between bitcoin and real money, So many and many differences are here with each other, but in short, both are currency and both same way to get us facilitate, but real currency have no problem to use it, and the bitcoin, only a few countries and few people know about it.

Bitcoin is a virtual form of currency, a cryptocurrency which is decentralized. It is powered by internet. The government has no controll in every transaction that happens in bitcoin, that is why t is tax-free. While real money has its physical nature, it has shape and color.  It is centralized. It is controlled back by the government and everytime we spend it, there is always a tax.


Although both are currencies and both can be use for shopping, but the only different is that bitcoin is a digital currency while paper money is fiat currency, we can use bitcoin only for online purposes, if there is no internet connection then we cannot use bitcoin, the other difference is that fiat can be use in a limited area as every state have their own fiat currency, while bitcoin is a universal currency and it can be use equally throughout the world.

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January 15, 2018, 12:34:36 AM
 #2659

Bitcoin is a digital cash not own by central banks or governments while Physical cash or real money is printed by our government and they control the circulation.
Joemzz31
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January 15, 2018, 06:27:29 PM
 #2660

Bitcoin has a big difference in real money, for example the value of bitcoin vs the value of real money.
We know that the value of bitcoin is greater than the value of real monet. It is just one example of the differences of this two.
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