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Author Topic: Difference between Bitcoin and real money?  (Read 110633 times)
savioroshan
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January 26, 2017, 02:29:30 PM
 #661

The difference between bitcoin and fiat is that, bitcoin is a cryptocurrency and fiat is not. Bitcoin can be only use in the virtual world unless you convert it to fiat, for you to use it in the real world, and fiat can be use to both, but using fiat in transactions in the virtual world is slower than using bitcoin and so on. There is a lot of differences actually between this two, and it will take time for me to comment all those differences here so, I've just mention some.

Yeah you are right. Bitcoin is a cryptocurrency  and fiat is not. But i dont agree with your opinion that bitcoin can be used only in virtual world. What do you mean by the virtual world ? That means you are not still clear with the term bitcoin. Its just like any other currency.Only thing is its digital .thats it . You can use it to buy all the stuffs what you get with fiat currency. thats it. Its like a any other currency. You can consider its like USD or EURO or anything.The only difference is its digital. Offcourse there are so many differences that makes bitcoin everyone's favorite.

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January 26, 2017, 02:37:30 PM
 #662

Main difference between bitcoin and real money is that bitcoin price is not stable and change by its demand and supply in the market while real money has fixed price and there is no affect on the price of real money by it supply and demand in the market. Bitcoin's price fluctuate with time and real money's price  has no fluctuation.
besides, we do not know, whether illegal or legal bitcoin, while the real money is already clear that it is legal. bitcoin also not everyone accepted as money, while the real money is a tool that they use as a means of transaction in the real world or on the internet. very much distinguish between bitcoin and real money. I think it looks so obvious.


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January 26, 2017, 02:58:06 PM
 #663

Bitcoins are not taxed and no bank owns them.

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January 26, 2017, 03:30:37 PM
 #664

Bitcoins are not taxed and no bank owns them.
yes it is  true that bitcoins are not  owned by any bank , its is decentralised and that is really very good
no bank or government can have control over bitcoins
but when it come on taxes bitcoins do have taxes , the taxes we pay during any transactions
and if you meant that for keeping we don't have to give taxes you are right but
it's not a difference , for keeping its also we don't have to give taxes
bitcoin is a crypto currency
and if they don't take taxes during transactions how will they earn
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January 26, 2017, 04:02:32 PM
 #665

Bitcoins are not taxed and no bank owns them.
yes it is  true that bitcoins are not  owned by any bank , its is decentralised and that is really very good
no bank or government can have control over bitcoins
but when it come on taxes bitcoins do have taxes , the taxes we pay during any transactions
and if you meant that for keeping we don't have to give taxes you are right but
it's not a difference , for keeping its also we don't have to give taxes
bitcoin is a crypto currency
and if they don't take taxes during transactions how will they earn


The small fee that we pay when we transfer our bitcoins is a transaction fee. It's not tax. There are wallet that doesn't require you to pay for fees but the higher fees that you pay, the higher priority your transaction would have.

I'm kind of confused with what you just said. Who's "they" exactly? Bitcoin is decentralized and there's no one behind all of these transaction fees. No one's having benefits from those transaction fees except for us, the users.

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January 26, 2017, 04:31:07 PM
 #666

Main difference between bitcoin and real money is that bitcoin price is not stable and change by its demand and supply in the market while real money has fixed price and there is no affect on the price of real money by it supply and demand in the market. Bitcoin's price fluctuate with time and real money's price  has no fluctuation.

For me, bitcoin is already a real money, maybe does need to change that 'real money' into fiat or paper money. Because bitcoin does have value in the market and take note it's the number one crypto currency that has the tons of investors. It's anonymity and supply limit is making it popular and being liked by many users together with the opportunities with it.



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mikehersh2
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January 26, 2017, 07:07:04 PM
 #667

In terms of buying stocks and investing money...

You can invest bitcoins into atlcoins, which are other crypto currencies that are more vulnerable to a change in value, and so investing in them can turn big profit, but also possesses risks. Work your way around the

trading part of the forum, and try to learn the patterns of the altcoin prices to reduce risk.
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January 26, 2017, 07:28:32 PM
 #668

Bitcoin can itself be seen as a stock or a commodity that can be traded to make profits, so yes, it can help you make more income with less taxes. You can possibly do everything with fiat that you can do with Bitcoins, but the only difference it will make is, the inflation ratio of USD if compared to Bitcoins is very much less and you know what I am talking about.

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January 26, 2017, 08:47:08 PM
 #669

the difference between bitcoin, and the real money is in place. bitcoin has no place in the real world, but it bitcoin also only have one form, that is digital. while the real money, has many forms, such as digital, paper money, and coins. and its use is so wide of the bitcoin.
No, you are wrong, real money can be in the form of paper money or digital money. Bitcoin is only a digital money and the government does not create nor regulate it. IMO, the aforementioned are the big difference, people chooses both as they have different advantage it can give to us. Bitcoin is anonymous, good for shady activities and fast online transaction and etc.

As mentioned bitcoin has only the digital form, but real money has digital form as well paper form. Usability depends upon the user. Importantly more countries have been making steps to digitalise their entire paper money.



The question is probably, what is the difference between Bitcoin and fiat money. There are many differences; Bitcoin is decentralized, it's not controlled by the government, it has tax advantages, it offers anonymity, and also offers many conveniences when it comes to transactions. But this debate about Bitcoin compared to "real money" is quite an interesting one.
Bitcoin really is money that has actually been created by, and is being supported entirely by the free market, while fiat money is getting most of its value from the government. If you look at it that way, perhaps Bitcoin is the "real money".
Another debate that seems to be going on is the issue of fiat money being paper money, and Bitcoin only being digital. But what if the government decided that it will only issue money in digital form? Will that make fiat money less real than it is now?


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January 27, 2017, 03:37:56 AM
 #670

All clear for us as users of the bitcoin, but the uninitiated bitcoin then they assume that bitcoin it same with payment processors such as paypal, liberty reserve etc. I say that bitcoin and real money is different, the most noticeable is that bitcoin anti inflation, while the real money has always been affected by inflation.
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January 27, 2017, 04:08:11 AM
 #671

All clear for us as users of the bitcoin, but the uninitiated bitcoin then they assume that bitcoin it same with payment processors such as paypal, liberty reserve etc. I say that bitcoin and real money is different, the most noticeable is that bitcoin anti inflation, while the real money has always been affected by inflation.

The most important one is we can only use bitcoin at online like an online business, online transaction, online trading, online gambling and not all people are using bitcoin. In the other hand, all people use real money/fiat and already known of it. We also can use real money for anything and all people are accept it.

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January 27, 2017, 04:53:27 AM
 #672

All clear for us as users of the bitcoin, but the uninitiated bitcoin then they assume that bitcoin it same with payment processors such as paypal, liberty reserve etc. I say that bitcoin and real money is different, the most noticeable is that bitcoin anti inflation, while the real money has always been affected by inflation.

The most important one is we can only use bitcoin at online like an online business, online transaction, online trading, online gambling and not all people are using bitcoin. In the other hand, all people use real money/fiat and already known of it. We also can use real money for anything and all people are accept it.
Actually bitcoin is now not only used as online payments, in some countries have started implementing bitcoin as a payment directly. But I think it is less effective because it would take time, and not as fast and easy to use real money when making a payment directly. So maybe you're right bitcoin easier in terms of transactions to be used online. And if we talk about the difference between bitcoin and real money, it is very much different. As bitcoin digital form (having no form) while the real money has a shape, in addition to the amount of bitcoin is limited (only 21 million maximum) while the real money can be issued without limit, and bitcoin is not run by the government or other parties while the real money is run by the government. Perhaps it is the basic difference between bitcoin and real money.
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January 27, 2017, 04:55:48 AM
 #673

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 think bitcoin not controlled by the government, bitcoin is not owned, not operated, not regulated by a government,
and did not any changes from the consequence of failure brought on by a government.
In contrast with the real-money set by the government.

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January 27, 2017, 05:38:33 AM
 #674

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 think bitcoin not controlled by the government, bitcoin is not owned, not operated, not regulated by a government,
and did not any changes from the consequence of failure brought on by a government.
In contrast with the real-money set by the government.
Bitcoin is no controlled by government , But I think bitcoin is owned by the creator of it, Satoshi Nakamoto. We know that satoshi leave's us bitcoin because he know that it is for his security. Lets just be happy that satoshi nakamoto created bitcoin after he disappeared. I think satoshi nakamoto is still here and watching the his creation

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January 27, 2017, 05:41:34 AM
 #675

Bitcoin differs from real money though they are same currency. It is simply because BTC is profitable unlike fiat money, its price fluctuates very fast. It is so beneficial because when it comes to gambling, we can bet with the smallest amount which is satoshi; we can make transactions with less or no fess.

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January 27, 2017, 08:38:34 AM
 #676

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 really good investment and you should definitely convert some of your money into Bitcoin. Bitcoin is decentralized, which means that no one controls it unlike fiat. You also store your Bitcoins yourself instead of using a bank and Bitcoin is also anonymous. You can only see the Bitcoin addresses of people and nothing else.

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January 27, 2017, 09:04:49 AM
 #677

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?

What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?


If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
  - because in bitcoin there is a big chance that the value  price can be change at any moment.

If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
  - because in natural or typical gambling it is very fast to grow your bet in the casino using bitcoin.

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 much more advantage than dollars, bitcoin cab use anywhere in the world, whether in technology, online advertisement, without any hassle while in dollars true there is additional charges of it.


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azguard
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Crypto-News.net: News from Crypto World


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January 27, 2017, 09:12:29 AM
 #678

Traditional currency such as the USD EUR GBP and others has some drawbacks, most of which seem to be overlooked or taken for granted by most people, but on other hand Bitcoin can solve some of these problems as well as offer improvements.

I mean main differences are Decentralized, Free to Transfer and Hold, Privacy Protection, Freedom to Transact, Easy to Use, Fast Transfers, No Chargeback Risk, Durable, Portable, Reduced Fraud.....

Every names thing is in one way or another good or better then fiat, but we still use both of them and we will use then.



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Vikash kumar
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★777Coin.com★ Fun BTC Casino!


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January 27, 2017, 10:12:07 AM
 #679

Infact bitcoin is esier than real money ,in the sense of transection, free from taxes.it provides an alternating way to earning which only depends upon the knowledge. because real money can earn by uneducated person also whereas  bitcoin depends on education of yourself.

mrjoy15
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Any store can buy, sell, and accept Crypto


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January 27, 2017, 11:01:37 AM
 #680

Infact  is esier than real money ,in the sense of transection, free from taxes.it provides an alternating way to earning which only depends upon the knowledge. because real money can earn by uneducated person also whereas   depends on education of yourself.

Yes I agree with you on that thing with  and I loving to use it without paying taxes. But when it comes to usability, real money or fiat is easier to use because it is widely accepted worldwide.  is not accepted worldwide so that's the disadvantage of it, we are just few in the world are using it although it is a good investment.
Bitcoin a type of digital currency which controlled by electronically.Many online platform accepting Bitcoin as a payment processor.At beginning in bitcoin industry must have minimum knowledge.Other part Bitcoin is not real money.There you may be some benefit using bitcoin in virtual world instead of real money but in real worlds you can't imagine one day long without real money.

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