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Author Topic: Difference between Bitcoin and real money?  (Read 113873 times)
chikading2016
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January 26, 2018, 10:49:55 AM
 #2761

Deifference between bitccoin and real money?
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country. Money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. And Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.
That is why many people now sticking to bitcoin because of the advantages on it. Like paying bills without cashing out a real money.

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January 26, 2018, 10:53:24 AM
 #2762

The difference between bitcoin and real money? Real money does not increase it value if just hold it on you wallet, but btc increase.
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January 26, 2018, 10:58:10 AM
 #2763

The big difference is that you dont need to physically hold bitcoin and you dont need to physically hand over bitcoin when you do payment transaction. While physical money could deteriorate and could be torn apart, bitcoin escapes all those degradation.  But the physical money dont change its value 20% in a day and is stable, while bitcoin price is so volatile it could change its value in a blink of an eye.
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January 26, 2018, 11:08:50 AM
 #2764

In my idea Bitcoin is a virtual currency it has no physical form it doesn't even exist in a form as physical monopoly money,it can be bought over the internet as well as it can be used to purchase items from different online businesses.Real money is run by a government and banks a centralized system base on transfer takes days to transfer money.

Fiats could be digital too. In fact majority of fiat money is in digital form.
Fiats could be transferred to blockchain one day.
We will have an interesting future, that's for sure.
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January 26, 2018, 11:20:10 AM
 #2765

Bitcoin is tax exempt however Real cash isn't charge free.Bitcoin can't be use in each shop or markets.But genuine cash is qualified in each shop and markets.If we exchange bitcoin it's untraceable yet genuine cash exchange is traceable.Real cash will never kick the bucket or prohibited yet bitcoin can be restricted or vanished.
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January 26, 2018, 11:31:52 AM
 #2766

Fiat might have an enormous amount of liquidity, is backed by governments and it's well established worldwide. It's our traditional financial system but although it might seem stable, we do see come big crises now and then, simply because people can just borrow money from banks, and since there is no max supply, there is the risk of hyperinflation, and it does happen.  Sad
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January 26, 2018, 12:15:18 PM
 #2767

The difference between bitcoin and real money are: bitcoin is a digital money while real money is a fiat money.  Real money can be used and accepted in all business industry while bitcoin is not. Bitcoin can keep through digital wallet while real money can keep on banks. Bitcoin may disappear or vanished, real money will exist for a long time. Bitcoin may pump or dump, real money will not change its value.

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January 26, 2018, 12:47:16 PM
 #2768

Bitcoin

  • It is the digital currency.
    Get the bitcoin only from online.
    Can not pay tax for bitcoin.
    It accpected only in some countries.


Real money:


  • It is normal currency.
    Get the money from anybody and anywhere.
    Pay tax.
    It accpected in worldwide.

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Kayum10029
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January 26, 2018, 12:51:25 PM
 #2769

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.
bitcoin is digital currency which is generally transmitted into real fiat currency or papar money.on the other hand real money is always exchangeable.

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January 26, 2018, 01:08:25 PM
 #2770

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, there is a big difference about bitcoin and dollars in terms of investing. If you invest in bitcoin, theres a higher chance you can get a huge amount of profit rather than in dollars. Also, not all the countries in the world supports bitcoin thats why some people dont know its capabilities that can really help people's lives. I recommend you to learn some things about cryptocurrencies.


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January 26, 2018, 01:15:54 PM
 #2771

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?

Well, as we can see and observe, the main difference between Bitcoin and real money is that of its operational accessibility wherein Bitcoin was generated and operated online which is widely accessible through technological gadgets and is also handy because of being virtual. In the other hand, on the part of real money, it is also widely accessible through banks yet it was limited to the money you have in your physical wallet. Investing your money into Bitcoin will make it a larger than the initial one you have because of the fast rise that Bitcoin has compared to real money.

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January 26, 2018, 01:43:26 PM
 #2772

Difference between bitcoin and real money is the value.bitcoin is everyday,week,month or year its value increase but our real money the value is still remain.on the other side,real money is the most accessable on all payments but bitcoin is not already acceptable for payments in my country.
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January 26, 2018, 03:22:03 PM
 #2773

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?



Hi there crst! First thing that comes in my mind is that real money of fiat comes that passes through different hand of the people have a lot of piled up germs. So bitcoin as an electronic money is immune to that germs, I even not heard that bitcoin network suffer from traffic or network congestion due to virus. There are several advantages that bitcoin have which surpasses the utilization of real money, and one of them the way how you send this money from one person to another. As electronic payment is quite fast than sending it physically.  Wink
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January 26, 2018, 03:25:10 PM
 #2774

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?



Hi there crst! First thing that comes in my mind is that real money of fiat comes that passes through different hand of the people have a lot of piled up germs. So bitcoin as an electronic money is immune to that germs, I even not heard that bitcoin network suffer from traffic or network congestion due to virus. There are several advantages that bitcoin have which surpasses the utilization of real money, and one of them the way how you send this money from one person to another. As electronic payment is quite fast than sending it physically.  Wink

Lol. Fast transaction is gone now in Bitcoin. Aside from transactions slowing down, the fee is also high. Honestly, I want to go back to the traditional way of sending money or use other coins to perform transactions rather than Bitcoin. Don't get me wrong, I still want btc but a lot changed since then.

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January 26, 2018, 03:31:58 PM
 #2775

Simply you don't touch bitcoin thus it is known as virtual currency, Which are visible to us but we can't sense it.
Real money that we are able to touch,
Wait wait
Now a days it is better to have virtual currency because we are able to make money and we can Invest it on multiple places without reach out that place.
And can payout all over the world without any regulation required by the government agencies.

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January 26, 2018, 03:37:38 PM
 #2776

Bitcoin is a digital currency, it is a currency that only exist electronically unlike in real money that is tangible.
Bitcoin is made a peer to peer network, it is made to neglect the need of the middle man or the bank. A purely peer-to-peer version of electronic cash that would allow online payments to be sent directly from one party to another without going through a financial institution. and bitcoin does not have a tax.

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January 26, 2018, 03:47:19 PM
 #2777

Bitcoin and real money has really a big difference. Bitcoin is digital while real money can hold physically, we can touch money but bitcoin doesn't have real money like paper that we can use to buy stuff everywhere we want. Bitcoin can be use online and not can be use buying anything in stores, depend on a stores if they are accepting bitcoin. Bitcoin has a limitation.



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marydale
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January 26, 2018, 03:49:01 PM
 #2778

They both are currency, the difference is one is a money in paper and tangible. BTC on the other hand is intangible, because it belongs in the digital world.
On the other hand, you can convert your real money into digital form, like depositing in a bank and just carry with you a debit card. BTC however, can be converted into money using banks and other remittance centers that recognizes BTCs.

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January 26, 2018, 03:52:46 PM
 #2779

The first thing is that BTC is not inflation like money. BTC limits the amount of coin, when launched blockchain can not be changed. So BTC is finite. The money is infinite, so it is possible to print out more so it happens. Undecided
The difference between bitcoin and money is we can not use bitcoin for buying clothes, buying grocery, buying foods and many more, unlike on having a money we can buy everything we want using money or paper money and difference between this two is the value of bitcoin is can increase unlike on the value of money.

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January 26, 2018, 03:57:33 PM
 #2780

Bitcoin is acrtptocurency and working as a decentralised system that makes it become advantage. Investing here good because aside from being free from tax money comes easily but somehow is risky due to the nature of rising and falling that no one surely knows when it is occurs but there are helpful articles that publish and speculating about every possibility.
But again this is just an speculation, what is more advantage of bitcoin is it is already establish so a good for long term investment.

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