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Author Topic: Difference between Bitcoin and real money?  (Read 113828 times)
carlerha
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December 31, 2016, 09:35:12 PM
 #601

Bitcoin is digital currency and transaction fees is very low when compared to real money. Transaction in bitcoin is faster than in fiat even from abroad countries. Investment in bitcoin increases gradually and investment in fiat currency mostly remains the same.
yes bitcoin is digital currency while fiat is paper money, bitcoin us used for both local as we as for online trading while fiat can only be used for shopping in local shops. in fact bitcoin is the currency of the future.
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December 31, 2016, 09:42:03 PM
 #602

The first difference between the two is Real money hardly gains value as compared to bitcoin which has growing potential everyday{*900}
.
Secondly the obvious money has a physical form and is controlled by a government while bitcoin on the other hand is decentralised and exists in a digital form.

Yeah and I see bitcoins is superior to fiat or real money in all ways except the fact that bitcoins are not accepted worldwide yet. The day when BTC starts getting accepted worldwide we would see a total dominance of BTC over cash.

I love dumb assses
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January 02, 2017, 06:00:39 AM
 #603

a large difference between real money with bitcoin is, with real money, you can exchange freely in the country that you live in, even very easy to use it anywhere, as long as it's still country. but you can not use bitcoin freely, because not all people accept bitcoin, and bitcoin not everyone knows.
When it comes to getting accepted as payment, fiat and bitcoins is the same when you're travelling the world. You don't have to pay someone using bitcoins directly. If you're in India (for example), and you tried to pay using dollars in a local store, would they accept it? No, because it's a foreign currency. You have to convert it first. Just like bitcoins, you have to convert fiat. There's no difference.
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January 02, 2017, 08:04:32 AM
 #604

The first difference between the two is Real money hardly gains value as compared to bitcoin which has growing potential everyday{*900}
.
Secondly the obvious money has a physical form and is controlled by a government while bitcoin on the other hand is decentralised and exists in a digital form.

Yeah and I see bitcoins is superior to fiat or real money in all ways except the fact that bitcoins are not accepted worldwide yet. The day when BTC starts getting accepted worldwide we would see a total dominance of BTC over cash.
People will soon start using Bitcoin in the future. I believe so. As Bitcoin prices are really really high, there will be more adoption on this planet and more merchant will use Bitcoin as an option for customers to buy and sell things. Bitcoin certainly have the bright future. It has more advantages than FIAT. Therefore, I agree to what you say Cheesy


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danherbias07
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January 02, 2017, 09:46:19 AM
 #605

You can easily buy stocks and invest? NO!.
This is the easiest way of investing. Stocks needs some things before you can get one. In bitcoin, you just need to buy the store it and you are already invested and look at how much it punched since you posted this. If you have bought 1 or 2 bitcoins then you are making money now. A lot if it. In just what? 2 - 3 months of waiting?

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Sierra82fit
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January 06, 2017, 10:29:48 PM
 #606

You can easily buy stocks and invest? NO!.
This is the easiest way of investing. Stocks needs some things before you can get one. In bitcoin, you just need to buy the store it and you are already invested and look at how much it punched since you posted this. If you have bought 1 or 2 bitcoins then you are making money now. A lot if it. In just what? 2 - 3 months of waiting?
If we consider the whole body of work with an investment in securities via bitcoin or real money, the risk may be different. But one thing is true, that using bitcoin will not have to pay taxes.
ananas99
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January 06, 2017, 11:49:25 PM
 #607

The first difference between the two is Real money hardly gains value as compared to bitcoin which has growing potential everyday{*900}
.
Secondly the obvious money has a physical form and is controlled by a government while bitcoin on the other hand is decentralised and exists in a digital form.

Yeah and I see bitcoins is superior to fiat or real money in all ways except the fact that bitcoins are not accepted worldwide yet. The day when BTC starts getting accepted worldwide we would see a total dominance of BTC over cash.
People will soon start using Bitcoin in the future. I believe so. As Bitcoin prices are really really high, there will be more adoption on this planet and more merchant will use Bitcoin as an option for customers to buy and sell things. Bitcoin certainly have the bright future. It has more advantages than FIAT. Therefore, I agree to what you say Cheesy
The price of bitcoin in recent days again begins to please, but I still stand by that opinion that every currency should take its place. Therefore, real money, too, have a right to exist.

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Natalim
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January 07, 2017, 02:10:32 AM
 #608

The first difference between the two is Real money hardly gains value as compared to bitcoin which has growing potential everyday{*900}
.
Secondly the obvious money has a physical form and is controlled by a government while bitcoin on the other hand is decentralised and exists in a digital form.

Yeah and I see bitcoins is superior to fiat or real money in all ways except the fact that bitcoins are not accepted worldwide yet. The day when BTC starts getting accepted worldwide we would see a total dominance of BTC over cash.
People will soon start using Bitcoin in the future. I believe so. As Bitcoin prices are really really high, there will be more adoption on this planet and more merchant will use Bitcoin as an option for customers to buy and sell things. Bitcoin certainly have the bright future. It has more advantages than FIAT. Therefore, I agree to what you say Cheesy
The price of bitcoin in recent days again begins to please, but I still stand by that opinion that every currency should take its place. Therefore, real money, too, have a right to exist.
Real money is more important than bitcoin, there is not certainty with bitcoin, the price rise abruptly then suddenly it falls back as what we have witness now. I just hope it will not continue to fall big, so we can still have a wonderful year this 2017.

People think bitcoin is a good investment and I agree with that but let's be practical, can we(end users) use bitcoin without converting it to fiat?

phieiph
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January 07, 2017, 06:02:38 AM
 #609

I perfectly perfect balance and cryptocurrency and real money. In my life, everything finds its application and that nothing does not suffer from this. So you can not give what one is preferred.
salemon
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January 07, 2017, 07:26:12 AM
 #610

a large difference between real money with bitcoin is, with real money, you can exchange freely in the country that you live in, even very easy to use it anywhere, as long as it's still country. but you can not use bitcoin freely, because not all people accept bitcoin, and bitcoin not everyone knows.
When it comes to getting accepted as payment, fiat and bitcoins is the same when you're travelling the world. You don't have to pay someone using bitcoins directly. If you're in India (for example), and you tried to pay using dollars in a local store, would they accept it? No, because it's a foreign currency. You have to convert it first. Just like bitcoins, you have to convert fiat. There's no difference.
Thus it is a real currency will and does work in full force around the world. With bitcoin is still a problem to be taken wherever possible to go traveling. Yet exchange for mandatory Fiat.
ether19
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January 07, 2017, 07:33:42 AM
 #611

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.

You can send BTC to anyone anywhere in the world in minutes, where as you cannot do this fiat cash as it takes time and lot of service charge.

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BossMacko
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January 07, 2017, 07:39:49 AM
 #612

The difference of Bitcoin and Real money is that Real money is controlled by Central Banks, in order to transact with other people long distance you need a 3rd party which you have to pay to make the transaction complete in the other hand, Bitcoin is just peer to peer you only need to pay big for the miners if you want to get verified and confirmed fast or just pay minimum.
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January 07, 2017, 08:01:29 AM
 #613

The difference of Bitcoin and Real money is that Real money is controlled by Central Banks, in order to transact with other people long distance you need a 3rd party which you have to pay to make the transaction complete in the other hand, Bitcoin is just peer to peer you only need to pay big for the miners if you want to get verified and confirmed fast or just pay minimum.
Real money will always rule the world and the banking system will manage this process. Bitcoin is important because of its blockchain technologies and their users will only use the network.
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January 07, 2017, 08:15:42 AM
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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

This is six of one and half a dozen of the other

You wrote that bitcoin is set up using mathematics, code and algorithm, but why didn't you say that these rules were still put down by essentially the same human beings that are behind governments controlling fiat money as well as it is in fact even more strict control over the issuance of new money (I mean mathematics, codes and algorithms)? In reality, this control renders Bitcoin fragile since if something should be changed in its paradigm (for example, the size of reward beyond regular halvings), that could kill it in the process

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January 20, 2017, 08:20:45 PM
 #615

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

This is six of one and half a dozen of the other

You wrote that bitcoin is set up using mathematics, code and algorithm, but why didn't you say that these rules were still put down by essentially the same human beings that are behind governments controlling fiat money as well as it is in fact even more strict control over the issuance of new money (I mean mathematics, codes and algorithms)? In reality, this control renders Bitcoin fragile since if something should be changed in its paradigm (for example, the size of reward beyond regular halvings), that could kill it in the process
This is not to be untrue to say that it would be desirable that all the real money are the most important in my financial world. I can not be sure more than in dollars or euros or in anything else.
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January 20, 2017, 09:08:20 PM
 #616

The difference of Bitcoin and Real money is that Real money is controlled by Central Banks, in order to transact with other people long distance you need a 3rd party which you have to pay to make the transaction complete in the other hand, Bitcoin is just peer to peer you only need to pay big for the miners if you want to get verified and confirmed fast or just pay minimum.
I do not know how anyone, but I'm a lot calmer on Fiat than all the savings in bitcoin. Risking all state will be really stupid. Perhaps half of all else can be solved, but nothing more.
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January 20, 2017, 10:05:53 PM
 #617

Many more simply do not think about the great opportunities that they can present investment in bitcoin. I think that the first thing a business should be interested in how to invest their earnings in bitcoin. Tax inspection will not be able to track this.
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January 20, 2017, 11:04:18 PM
 #618

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.

You can send BTC to anyone anywhere in the world in minutes, where as you cannot do this fiat cash as it takes time and lot of service charge.
These are all the advantages and disadvantages of each of the currencies is quite well known, but still easy to use currency is the total availability to users. And this just about bitcoin will not tell.
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January 20, 2017, 11:12:56 PM
 #619

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.


The simple explanation if you see the physical form of bitcoin and you can call it the legitimate currency and if you don't and can't call it the in legitimate currency.
This is the form of the privacy currency.

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January 20, 2017, 11:23:05 PM
 #620

I perfectly perfect balance and cryptocurrency and real money. In my life, everything finds its application and that nothing does not suffer from this. So you can not give what one is preferred.

Sure, at the moment you cannot choose one over the other because they are both interchangeably used in transacting daily businesses but if you can't have a preference doesn't mean there aren't differences between them. So I will furnish you with just two(2) differences below:

1. Bitcoin unlike real money is a decentralized currency so there's no central entity regulating or controlling it.
2. Bitcoin is durable and hence it cannot be destroyed or damaged unlike real money which ends up losing its physical qualities through exchanges and transfers.

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