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Author Topic: Difference between Bitcoin and real money?  (Read 114802 times)
The Monkey King
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October 07, 2017, 02:30:08 AM
 #1661

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?

The only difference between the bitcoin and the real money is only its form and the manner of use. As for its function and importance remains the same. Bitcoin is used as of payment like what real money do. And the bitcoin provides people with an easy way of transaction or online transactions.
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October 07, 2017, 02:50:24 AM
 #1662

The money you can use anywhere in the purchase of shopping malls in stores and most of the transactions you make will have to be used.
Bitcoins are limited only you can use them for online purchases. It's just like a gold that was once used as a currency.
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October 07, 2017, 03:19:58 AM
 #1663

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment  but personally, I do it for the purpose of diversifying.
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October 07, 2017, 03:24:04 AM
 #1664

First big difference real money means only offline money on the other hand Bitcoin is digital currency or online currency.Although real money easily convert any currency on the other hand Bitcoin convert process is something difficult.
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October 07, 2017, 03:29:55 AM
 #1665

bitcoin just as a digital currency but the advantages of bitcoin that we can use to shop anywhere for those who already receive with payment bitcoin while for real money can also be used to shop anywhere just we too much to carry the money and very vulnerable to the action criminal around you even though there are many credit cards to make the payment with a simple but it is flowering while the bitcoin never eat the interest just get some fee only and for me use bitcoin is better. technology is getting more sophisticated so we have to follow this development and never wasted a chance there..
Rosa Paula
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October 07, 2017, 04:07:48 AM
 #1666

Some difference between bitcoin and real money.Such as If i transaction some bitcoin dollar then First I need a device.Moreover all Shop, hotel and other place can't accept bitcoin yet.but On the other hand Real money acceptable all place all time.But the time will come when Bitcoin will be used like real money.
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October 07, 2017, 04:20:59 AM
 #1667

Some difference between bitcoin and real money.Such as If i transaction some bitcoin dollar then First I need a device.Moreover all Shop, hotel and other place can't accept bitcoin yet.but On the other hand Real money acceptable all place all time.But the time will come when Bitcoin will be used like real money.
That is only one perspective that you can say about Bitcoin being compared to Fiat Currency. Obviously Bitcoin in terms of acceptance will be defeated by any Fiat Currency as they are the official currency of their respective countries and it is their most common medium of exchange, expecting Bitcoin to overtake in terms of usage any kind of Fiat currency is not a realistic expectation.

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October 07, 2017, 04:32:04 AM
 #1668

The difference in bitcoin with real money can be seen from the physical side, real money can consist of paper money and metal, while the bitcoin is different. Different because it has no physical form, but with a mathematical number. The difference of bitcoin with real money can also be seen from its value, if the dollar tends to be more stable value while bitcoin has high fluctuation rate.
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October 07, 2017, 04:47:54 AM
 #1669

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment  but personally, I do it for the purpose of diversifying.
we have seen the change in the world after the invention of computers and internet and the world is becoming a place where the digital aspect gets more and more important. I personally barely have physical money on me since I can either use my banking app in combination with my NFC enabled smartphone to pay for things. although physical money is also your basic need to fulfill your daily needs but i think this is also gonna be change and world will really dependent on cryptocurrency and internet banking.
MMS2017
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October 07, 2017, 04:56:02 AM
 #1670

Yes the difference is simple the bitcoin is type of money but it is intangible asset or we can say that it is digital form of money while in the case of other currency is paper money or coins. Simple the bitcoin is also real but we can exchange it to other currency first then we will withdraw our amount so that will be tangible form money.

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LordDisick
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October 07, 2017, 06:04:13 AM
 #1671

The obvious difference is bitcoin is a digital currency, you can only use it through online transactions unless you convert it to your local currency. While real money can be use anywhere specially on a physical stores. Bitcoin is a good option to store your real money and gain profits because of its value, the price of bitcoin is increasing day by day thats why its also good for investment. Though they are both currencies but their functions and uses are slightly different.
Lintel
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October 07, 2017, 06:08:55 AM
 #1672

Both are currencies. Bitcoin is a digital currency and other local currencies we are using is normal currency with which we can purchase or do anything we need. As bitcoins is a digital currency, we can only shop or do anything only online. We can shop around and do more things online. But with other local currencies, we can do more / lot where we live.

I agree, bitcoin is a cryptocurreny which we can only use to pay online . We can alao use bitcoin for our dialy expeditures but we need to convert it first to cash. And not all countries are legalizing bitcoin while money is our currency we can uae to our transaction any time , anywhere. If we have money we can buy directly in the shop.
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October 07, 2017, 06:11:54 AM
 #1673

I think the difference between bitcoin and real money is :
Bitcoin is one of the virtual currency at this time . what about the real money ?
the money is something used to exchange value in transactions or what we use to pay our
liabilities in the daily life.  Smiley

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October 07, 2017, 06:14:07 AM
 #1674

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?


Real $ when traded to bitcoin grow real fast than traditional banking and without hastle in transacting and trading. It is only for the people to understand more on bitcoin to realize the difference between bitcoin and fiat money.

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October 07, 2017, 06:19:03 AM
 #1675

I only see the difference from the transaction side,, Bitcoin Transaction can take 10 minutes to confirm. Bitcoin transactions can not be changed and can only be returned by Bitcoin recipients in case of an error. Unlike conventional currency, debit and credit transactions can be completed in seconds. Certain transactions may also be returned for valid reasons by the originator, without having to rely on the recipient's grace.
and many more difference ,,

dart vader
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October 07, 2017, 06:19:38 AM
 #1676

There are many differences between Bitcoin and real money.The first differnce is that Bitcoin is used for online transactions and real money is used for offline transactions.It is not possible to track transactions through Bitcoin but transactions through real money can be tracked easily. Bitcoin investments are more profitable than investing in real money. Bitcoin is deflational but real money is inflational. Bitcoin is volatile in nature but real money is nonvolatile .Bitcoin is decentralized but real money is centralized.These are some of the differences between Bitcoin and real money.
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October 07, 2017, 06:22:26 AM
 #1677

There are a lot of differences between bitcoin and currency fiat. However, the main difference is that Bitcoin, like the other crypto currency, provides more freedom compared to the usual currency. This freedom also lies in the freedom of storage, access at any time to the cross-exchange with the aim of transferring them to any point of the world without intermediaries in the form of banks

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October 07, 2017, 06:47:16 AM
 #1678

Difference of bitcoin into real money.
Bitcoin and money both have value but bitcoin is virtual, does not exist physically only in computer so we cannot hold it while we can hold real money. Bitcoin has no fix rate or fix but the real money including dollar 1$ remains 1$ ever a thousand years will pass. Bitcoin is not really accepted as a payment other people are just willing to accept it. Like on this site
https://www.forbes.com/sites/karlwhelan/2013/11/19/how-is-bitcoin-different-from-the-dollar/#6d2d27d2398f, it said that
“If people decide they wish to trust the people who create Bitcoins more than their own government, then perhaps it could be an alternative medium of exchange.”

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October 07, 2017, 06:54:53 AM
 #1679

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?

because the bitcoin is very stable, don't look bticoin as currency because bitcoin cannot defeat $ just look bitcoin as new way of investment. bitcoin just grown need 10 - 20 years to make acceptable to people
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October 07, 2017, 07:14:38 PM
 #1680

Bitcoin is a digital currency while real money is more tangible money. Both of them have value, they can be earned, invested and traded. Their difference is more of in their form than in their use. You have the choice to convert your dollars (or any local currency) to bitcoin or not as an investment  but personally, I do it for the purpose of diversifying.
Fiat money will remain its importance no matter what happens. This is because all over the world, the stock market of all the country is based upon the fiat money. Bitcoin is surely a new technology and it brings more facilitation as compared to fiat money. Btc may get more importance than fiat money someday.

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