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Author Topic: Difference between Bitcoin and real money?  (Read 110669 times)
dothebeats
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February 26, 2017, 10:08:55 AM
 #961

Cash is a tangible asset whereas bitcoin is not, but still you can use your bitcoins to purchase things that can also be purchased by cash though in some occasions there are some contingencies needed like the use of a prepaid debit card that can be loaded by bitcoins. The huge difference that I can say is about which of which is a better investment tool, which obviously is bitcoin.

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February 26, 2017, 10:42:12 AM
 #962

Cash is a tangible asset whereas bitcoin is not, but still you can use your bitcoins to purchase things that can also be purchased by cash though in some occasions there are some contingencies needed like the use of a prepaid debit card that can be loaded by bitcoins. The huge difference that I can say is about which of which is a better investment tool, which obviously is bitcoin.

I vesting is good for bitcoin if you both last year then you are in good plus by income. But no matter what we do invest or withdraw we end with cash/fiat in our pockets.

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February 26, 2017, 10:52:32 AM
 #963

many clappers and ease of bitcoin when compared to the dollar, among others bitcoin does not recognize the term tax, transaction indefinitely, limited in number so this is profitable for investment, a lot of users, secure carry around because it is formless and many others
so that's why people have to convert dollars to bitcoin high resale value


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February 26, 2017, 11:01:49 AM
 #964

many clappers and ease of bitcoin when compared to the dollar, among others bitcoin does not recognize the term tax, transaction indefinitely, limited in number so this is profitable for investment, a lot of users, secure carry around because it is formless and many others
so that's why people have to convert dollars to bitcoin high resale value



there are many more difference between bitcoin and real money and maybe we don't know with completely because we only know several or not many than other people that learning bitcoin from beginning until now. the big difference is bitcoin can use in every place without and difference when we want to use but for money, when we visit in some of country, then we need to exchange our money with local currency so we can buy something.

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February 26, 2017, 12:07:48 PM
 #965

actually there is no significant difference between real money and bitcoin. because the function of bitcoin is similarly crate currency for payment media. The only different from the form. bitcoin digital and real money usually in the form of cash

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February 26, 2017, 12:34:57 PM
 #966

actually there is no significant difference between real money and bitcoin. because the function of bitcoin is similarly crate currency for payment media. The only different from the form. bitcoin digital and real money usually in the form of cash

Yes there is no difference between them. We do payment using bitcoin and fiat as well. Only issue we need internet and wallet for any kind of transactions. Many of the people aren't accepting bitcoins still in physical stores.
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February 26, 2017, 12:39:41 PM
 #967

many clappers and ease of bitcoin when compared to the dollar, among others bitcoin does not recognize the term tax, transaction indefinitely, limited in number so this is profitable for investment, a lot of users, secure carry around because it is formless and many others
so that's why people have to convert dollars to bitcoin high resale value



there are many more difference between bitcoin and real money and maybe we don't know with completely because we only know several or not many than other people that learning bitcoin from beginning until now. the big difference is bitcoin can use in every place without and difference when we want to use but for money, when we visit in some of country, then we need to exchange our money with local currency so we can buy something.

I don't know which country you live, but as per my knowledge in most of the countries, bitcoins are not accepted in most of the online shops. But only some stores and as of now gambling industry and porn industries are using bitcoin more. So if you want to buy things from regular online shops then you must first convert into fiat currency then only you can buy things.

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February 26, 2017, 12:45:46 PM
 #968

real money has a bank behind and you can trust a coin also without blockchain.
you cannot double spend the same banknote Smiley

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February 26, 2017, 12:50:43 PM
 #969

The most obvious difference from real money and bitcoin is when we use for transacting. If we send money with real money so it takes a long process and the cost is high, but after the presence of bitcoin then everything becomes a fast, effective and cheap.
Bitcoin should not be compared with money, it cannot exist without money but money can still be popular without bitcoin. It is just something that gives us extra convenient doing online transaction and the fact that it can also be considered as investment, it will attract more business minded people.
But, do not forget that it will not beat real money, as we cannot live with bitcoin alone.
Bitcoin is money so we can compare it to any other currencies that exist today, bitcoin beats them in almost every category the only categories where bitcoin is not at the top are adoption and the backing of an established government, in almost everything else bitcoin is better.

Bitcoin is the evolution of money. Both Bitcoin and money can exist independently. Bitcoin gives you that upgraded feature of sending payments to anyone anywhere in the world in seconds. For now, fiat cash has the upper hand. But in 20 years bitcoin will have its dominance over fiat cash for sure.

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February 26, 2017, 12:57:37 PM
 #970

actually there is no significant difference between real money and bitcoin. because the function of bitcoin is similarly crate currency for payment media. The only different from the form. bitcoin digital and real money usually in the form of cash
I agree with you . the difference is only how to use it. while for the features and benefits of having the same thing.
bitcoin and real money can be used easily in many places.

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February 26, 2017, 04:56:26 PM
 #971

Bitcoin is a online currency It can not be used for our daily usage . For our daily use we have to depend on our national currency. For online transactions we can use bitcoin because it is safest one for online transaction.  
It is necessary to simultaneously use bitcoin and Fiat. Then we will have a maximum of advantages.
I don't think so it will have any advantage. I don't know where you live but till now the place I live there isn't any shop which accepts bitcoin as a payment method not even the online shopping sites accept bitcoin till now. I think it may happen in future but for now I use bitcoin for investment purpose only.
It is true that bitcoin is not accepted directly as payment method in many places at least not the ones that we need, but there are ways you could use bitcoin to shop online or to buy from the supermarket, like using bitcoin debit cards they are really simple and you can use it like any credit card anywhere and anytime.
i agree with you that bitcoin is not acceptable directly as payment method like fiat because bitcoin has no physical shape but its the aimed of bitcoin to use it for online transaction and we can easily buy anything from anywhere through online transaction and you are right that bitcoin debit card is very easy and simple to use your bitcoin for shopping in any local shopping center.
But don’t you think using a bitcoin debit card defeats the purpose of using bitcoin, I know, a bitcoin debit card allows you to spend your bitcoin everywhere, but you probably need to pay fees twice, the fees of transferring fund to your debit card and then the fees of the card itself.



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February 26, 2017, 05:08:37 PM
 #972

real money has a bank behind and you can trust a coin also without blockchain.
you cannot double spend the same banknote Smiley
You are right. No one can double spend banknote unless they have machinary to counterfeit it. Satoshi will implement a new mechainsm where no body will be able to double spend Bitcoin, nor a hacker could break the code and steal it.
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February 26, 2017, 05:33:59 PM
 #973

Bitcoin has something the Fiat currency does not have and it is frequent volatility. Its one of the reason why you need to invest or not in Bitcoin, depending on your perspective. In volatility traders will automatically love it because they know when to buy and sell. But if it is not your type of risk them definitely Bitcoin investing is not for you.

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February 26, 2017, 06:04:30 PM
 #974

Bitcoin has something the Fiat currency does not have and it is frequent volatility. Its one of the reason why you need to invest or not in Bitcoin, depending on your perspective. In volatility traders will automatically love it because they know when to buy and sell. But if it is not your type of risk them definitely Bitcoin investing is not for you.

And that is the big difference. I admit the dollar keeps moving or getting stronger but still this bitcoin technology have more movement and that is why more people are getting hooked by it.
You are right. Traders like that kind of thing specially those who have big capitals when it comes to buy and sell. If they foresee how it goes on with bitcoin, it will be an easy money with them.

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February 27, 2017, 05:43:29 AM
 #975

Cash is a tangible asset whereas bitcoin is not, but still you can use your bitcoins to purchase things that can also be purchased by cash though in some occasions there are some contingencies needed like the use of a prepaid debit card that can be loaded by bitcoins. The huge difference that I can say is about which of which is a better investment tool, which obviously is bitcoin.

I vesting is good for bitcoin if you both last year then you are in good plus by income. But no matter what we do invest or withdraw we end with cash/fiat in our pockets.
Bitcoin is still perceived as a means for earning real money. We can not choose one or the other currency. As for me, I copes with bitcoin and Fiat. And tell me that they needed more together.
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February 27, 2017, 06:15:59 AM
 #976

Bitcoin has something the Fiat currency does not have and it is frequent volatility. Its one of the reason why you need to invest or not in Bitcoin, depending on your perspective. In volatility traders will automatically love it because they know when to buy and sell. But if it is not your type of risk them definitely Bitcoin investing is not for you.

And that is the big difference. I admit the dollar keeps moving or getting stronger but still this bitcoin technology have more movement and that is why more people are getting hooked by it.
You are right. Traders like that kind of thing specially those who have big capitals when it comes to buy and sell. If they foresee how it goes on with bitcoin, it will be an easy money with them.
And you answer yourself the question, what is easier to use for the common man? I'm a thousand percent sure that this is a real dollar or another currency. Paper money is a long time to be in use until the light on as an alternative to people to have the opportunity to use the money. A bitcoin is layered technology, which needs a strong mind and understanding.
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February 27, 2017, 06:24:05 AM
 #977

Cash is a tangible asset whereas bitcoin is not, but still you can use your bitcoins to purchase things that can also be purchased by cash though in some occasions there are some contingencies needed like the use of a prepaid debit card that can be loaded by bitcoins. The huge difference that I can say is about which of which is a better investment tool, which obviously is bitcoin.
I vesting is good for bitcoin if you both last year then you are in good plus by income. But no matter what we do invest or withdraw we end with cash/fiat in our pockets.
Bitcoin is still perceived as a means for earning real money. We can not choose one or the other currency. As for me, I copes with bitcoin and Fiat. And tell me that they needed more together.

Why can't we choose? We do that everyday! Even consumers do that choice, picking gasoline at one day or pedrodollars on another, regarding tax price and consumption needs. Traders are even more volatile on that, choosing currencies depending on associated countries development perspective.

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February 27, 2017, 06:31:53 AM
 #978

Cash is a tangible asset whereas bitcoin is not, but still you can use your bitcoins to purchase things that can also be purchased by cash though in some occasions there are some contingencies needed like the use of a prepaid debit card that can be loaded by bitcoins. The huge difference that I can say is about which of which is a better investment tool, which obviously is bitcoin.
I vesting is good for bitcoin if you both last year then you are in good plus by income. But no matter what we do invest or withdraw we end with cash/fiat in our pockets.
Bitcoin is still perceived as a means for earning real money. We can not choose one or the other currency. As for me, I copes with bitcoin and Fiat. And tell me that they needed more together.

Why can't we choose? We do that everyday! Even consumers do that choice, picking gasoline at one day or pedrodollars on another, regarding tax price and consumption needs. Traders are even more volatile on that, choosing currencies depending on associated countries development perspective.
Absolutely. It is not the first time trying to prove to people that bitcoin is secondary when real money, especially now. Of course cryptocurrency brings a good profit, but every day we use the money for our needs, and without it we nowhere.
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February 27, 2017, 07:01:49 AM
 #979

You can't "print" BTC,it has a limited supply and there is no way there can be created more of it-so the first big difference is that BTC has limited supply.Another one is that BTC can be send in whatever quantities with little fees and relatively small confirmation time,which makes it a much preferrable way of payment,at least for me,because of how easier it is to actually make a transaction

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February 27, 2017, 07:26:39 AM
 #980

You can't "print" BTC,it has a limited supply and there is no way there can be created more of it-so the first big difference is that BTC has limited supply.Another one is that BTC can be send in whatever quantities with little fees and relatively small confirmation time,which makes it a much preferrable way of payment,at least for me,because of how easier it is to actually make a transaction
Yes I agree with that. we have to do mining process to get bitcoin. This process is what makes the difference between fiat and bitcoin, also the halving make bitcoin prices to keep rising. And one more thing, we can use bitcoin to do world wide transaction faster than fiat


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