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Author Topic: Difference between Bitcoin and real money?  (Read 114184 times)
9jaflick
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January 27, 2018, 10:41:26 AM
 #2801

Real money is recognize by the government and accepted everywhere because any person regardless of its status in life can use and easily transact money while bitcoin requires an internet to operate and only few people can use bitcoin than the people who can use real money.
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January 27, 2018, 10:44:27 AM
 #2802

The first difference is of their existence - Real money is in existence since decades, while Bitcoin is just a couple of years old. The real money is in hard physical shape, while Bitcoin is a crypto currency.

With real money, you can survive anywhere in the world, but for Bitcoin, you have to have the net connection.

Reals money is easy to exchange, bitcoin is not easily exchangeable in the open market, first you need to convert in US$ then further you can take out money.
I do not think Reals money is easy to exchange, Reals money is easy to be worn out and easy to be fake, it is easy to cause trader's loss. And digital currency will be the future currency development trend. Nowadays, with the development of science and technology, digital currency is more and more common, Bitcoin is more advantageous than real money.
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January 27, 2018, 10:55:29 AM
 #2803

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?


yes of course different between bitcoin with conventional money, if bitcoin value or price there is no interference from government policy and circulation bitcoin very transparent so that we can know how much bitcoin at this time, bitcoin tend to deflation differ from conventional currency
awawo
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January 27, 2018, 10:57:33 AM
 #2804

Welcome to Bitcoin and to the Forum!

The questions you're asking are great ones. However, they're also questions that you can find answers to REALLY easily on this forum or Google. I'd encourage you to do some reading here and then come up with some more specific questions.

I can help get you started with some simple answers.

Why would I invest in bitcoin? All sorts of reasons ranging from pure curiosity to love of new technology to investment diversification. Bitcoin is used as currency to buy things and as a store of value, i.e., a place to house your savings with hopes of value appreciation or hedging against the depreciation of stocks or savings held in fiat currency. One example often used is that of Cyprus. Are you familiar with the country of Cyprus and it's severe monetary crisis from a few years back? It was so bad that the Cyprus government controlled how much money their citizens could take out of their banks. Think about that. That government telling you that you can't access your very own money! How scary is that? Bitcoin offers an alternative. No government (currently) can seize control of your bitcoin, this represents safety and security.

What's the difference between bitcoin and dollars? Bitcoin isn't regulated by any government. It isn't created "out of thin air" as fiat currency is. There will only ever be a finite amount of bitcoin, which controls it's value. Once all bitcoin is mined there will be 21 million in existence, that's it. No one can ever create more (as is done every year with fiat currency). When fiat currency is created by central banks they reduce the value of the existing currency in the market, which results in inflation of prices. This is why the price of every day things (that haven't changed in 50 years, like groceries or utilities) have gone up in price over time. There's a lot of other differences, but it's better for you to read up on them.

Why would I gamble with bitcoin? I don't, but if you want to you can gamble for significantly smaller portions of money (like cents as opposed to dollars or tens of dollars). And you can do it from the convenience of your computer.

Here are a few links for you to explore:

Feel free to respond with other questions. I think you'll get better response if you educate yourself a bit first and then come back with more specific questions.

Have you bought any bitcoin yet? Do you have a wallet yet? (If you don't, PM me and I'll set you up and give you some bitcoin)

Good luck to you!
You deserve a merit for this educative post, just to add to what you have said bitcoin is an investment just like every other investment e.g real estate and gold oil bitcoin has the capacity to triple your initial capital if demand get high and price rise. But you can get that from you $ saving in the traditional government controlled banks, bitcoin offer you a secondary currency which can be use for online payments.
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January 27, 2018, 11:01:03 AM
 #2805

Real money is recognize by the government and accepted everywhere because any person regardless of its status in life can use and easily transact money while bitcoin requires an internet to operate and only few people can use bitcoin than the people who can use real money.
There are several differences between the two. Fiat or real money can be used whether online or offline while bitcoin can be used in online only. Bitcoin is fluctuative while fiat is not that is why bitcoin is better in terms of investment. And just like what have you said money is recognize by the government while bitcoin is a threat in othet country.

tumokatok
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January 27, 2018, 11:03:35 AM
 #2806

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?


if you invest in bitcoin I think your choice is correct, whereas the difference between bitcoin and conventional money is bitcoin is a crypto currency whose transactions for now can only be done if there is an internet connection or only exist in virtual world, but bitcoin can be converted into real currency, the way transactions are very transparent bitcoin
handsomes
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January 27, 2018, 11:17:30 AM
 #2807

The difference between two is bitcoin, Bitcoin Bitcoin is getting on the internet because there are companies with get a salary like real money but bitcoin can not touching and real money they are touching because in this world very important is fiat money everyday we need it at a cost.
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January 27, 2018, 11:19:57 AM
 #2808

There are many striking differences between bitcoins and real money, but I will only bring down three. First of all and the most obvious, unlike cash, bitcoin is not tangible and only exists in the internet. second, it is decentralized, no bank is controlling it although its amount is regulated, and lastly, its value. unlike any other tangible currency, bitcoin's value is very high unlike the conventional tangible currency.
samcun
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January 27, 2018, 11:31:10 AM
 #2809

I think there are so many differences between BINCOIN and real money:

bitcoin:
1. virtual money.
2. unconventional
3. not a valid payment instrument

real money
1. real
2. conventional
3. valid payment instruments
 so my income on the difference of bitcoin with real money, may be useful .......
klser
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January 27, 2018, 08:14:33 PM
 #2810

If you save bitcoin you can get a profit , because bitcoin is increasing fast
but if you save your money  they depend on inflation of price, especially in my country.
nthnode404
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January 27, 2018, 08:40:28 PM
 #2811

Fiat currency is not real money. Real money is gold and silver. Everything else is credit or debt. When paper is printed to infinity, you have more worthless paper by the day.

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ggg123
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January 27, 2018, 08:54:27 PM
 #2812

Well, i can’t say anything about taxes because it depends on the countries and the governments.. Bitcoin gives everyone freedom and if doesn’t give you any excitement idk what can give.. Real money is classic, btc is a new way to make payments or invest.
mackenzie5
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January 27, 2018, 09:01:26 PM
 #2813


    Bitcoin is a digital and decentralized currency that is the transactions are done online and no central authorities is involved in Bitcoin ,where as real money is controlled by a central body or government. Bitcoin transaction is fast and done with ease all over the world.Real money takes time for transaction.
jack107
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January 27, 2018, 09:03:30 PM
 #2814

Bitcoin is an investment. Of course you convert, but that's where the value is. You sit on it and make money in the long run
mahibul49
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January 27, 2018, 09:37:22 PM
 #2815

bitcoin is an asset.so i think you can understand the difference between money and bitcoin.
bitcoin is not control by govt but money can.

yoseph
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January 27, 2018, 11:09:39 PM
 #2816

Bitcoin is an investment. Of course you convert, but that's where the value is. You sit on it and make money in the long run
While the value of bitcoins changes either upwards or downwards over a period of time , the same cannot be said for FIAT which currency is fixed and can go either up or down when traded against other currencies.

arlington
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January 27, 2018, 11:34:05 PM
 #2817

btc differs from real money because it is not in control of anybody and has not a central, even when you send btc you can see the address you have sent it to which you  can`t do with fiat.
etron
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January 28, 2018, 03:00:25 AM
 #2818

of both currencies are basically the same but if bitcoin virtual currency is used in transactions in electronic media and if the normal currency we can use everyday shopping in traditional markets.
lautantepi
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January 28, 2018, 03:57:18 AM
 #2819

in my opinion both are currency. Bitcoin is the digital currency and other local currency we use is the currency often used where we can buy or do whatever we need. Because bitcoin is a digital currency, we can only shop or do something online. We can go around and do more things online.
klser
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January 28, 2018, 10:06:42 AM
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 #2820

Real money is  controlled bythe  government  and the government impose tax.When you travel you have limit of money . But bitcoin is completely different. It is decentralized, doesn't have taxes. Bitcoin can increase very fast.
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