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Author Topic: Difference between Bitcoin and real money?  (Read 114862 times)
Cling18
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October 18, 2017, 12:25:17 AM
 #1721

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?

To escape from the traditional banking system.

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?

See above Smiley

If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?

Not sure here, but maybe Bitcoin because Bitcoin deposits are faster.

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

Taxes depend on your country. You don't get more or less income with Bitcoin. You get freedom, faster transactions and a way to keep your money yourself, safely.

The difference of bitcoin from a real money is that bitcoin increases it's value. It's more convenient and a good currency to invest with. However, people who don't know bitcoin still value the real money.
creeps
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October 18, 2017, 12:42:40 AM
 #1722

Obviously if bitcoin is just a virtual coin that doesn't have a fixed price like money that has a nominal fixed price Wink

Bitcoin used mostly for online transaction and really the price changes every second while cash we used this for our everyday transaction which is more convenient for us specially in some areas of your country that don't use bitcoin. We are hoping that in the future bitcoin will become more useful so everyone will use this technology.
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October 18, 2017, 02:57:03 AM
 #1723

Fiat is vulnerable to fire, water or getting split in half while it doesn't happen to btc. Fiat also can be faked when we don't pay attention to it's details that most of us do. Last, fiat loses it's value when the government releases another version with added security features.
notyours
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October 18, 2017, 03:11:25 AM
 #1724

The Bitcoin and the Paper money are very different. Bills can be used wherever you are. Bitcoin is limited only where you can be used. The bill is handled, The bitcoins are not. The bills do not rise in price, Bitcoins are rising and falling. There are so many different but they have only one currency
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October 18, 2017, 03:23:39 AM
 #1725

Obviously if bitcoin is just a virtual coin that doesn't have a fixed price like money that has a nominal fixed price Wink

Bitcoin used mostly for online transaction and really the price changes every second while cash we used this for our everyday transaction which is more convenient for us specially in some areas of your country that don't use bitcoin. We are hoping that in the future bitcoin will become more useful so everyone will use this technology.


True, we can use our BTC in a very limited time and areas or sector. Right now, there are few people who currently use it and accept it as a mode of payment because not all areas are evolve in technological change. Unlike with the real money we can use it everywhere whenever we needed and we wanted in all areas.

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October 18, 2017, 03:23:57 AM
 #1726

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 your money is in bitcoin while gambling or while doing other investments there is a chance that you might be swept with the wave of it.
Although risky if it falls but as of now the more you wait the better you get. Its just always rise for now. Just months ago it was at $350 look at it now. Can your $ do that?

You are right. Bitcoin is not really anonymous.  If you are looking for an anonymous coin I recommend DeepOnion, Dash, Monero or ZCash. Also the difference of bitcoin and real cash is only you have access to your funds and not a bank, the irs, government etc... This is the beauty of the cryptocurrency world we live in now.  Smiley

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October 18, 2017, 04:09:58 AM
 #1727

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?


Why you could convert your Money into Bitcoin? because that's the policy of Bitcoin, how can you invest bitcoin if you  can not follow the existing regulation of Bitcoin platform. Money is a real money of Fiat money that would be able to buy something real like goods in literal unlike Bitcoin is a Virtual Currency that would be organized and monopolized by people, Peer to peer transaction. 
Fasdartin
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October 18, 2017, 04:27:49 AM
 #1728

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?

there's a big difference between the bitcoin and the real money. yes the similar of the two is use to buy everything but the difference is the bitcoin is most common used only in the internet while the money is everywhere . real money can used to buy things in the small store unlike the bitcoin. but the transaction of this we know that the real money is quite slow in terms of transaction unlike the bitcoin.
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October 18, 2017, 07:10:41 AM
 #1729

Bitcoin is a digital currency with the feature of decentralization but real money is not. With times, bitcoin price is quite volatile, it depends on market movement as a result it could rise up and goes down in very short time unlike fiat that tends to stable. Moreover, real money has value that can be influenced by a nationality, bitcoin value is influenced by more than one nationality.
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October 18, 2017, 07:25:09 AM
 #1730

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 and ICO projects it is a big risk, but the benefits are also great if you can manage it well. Bitcoin is more than real money, bitcoin can be used as a valuable asset and sold again if bitcoin prices start to rise. Bitcoin can also be used as a means of transactions between countries without the involvement of banks, but real money can not do that.
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October 18, 2017, 07:38:59 AM
 #1731

Bitcoin is a decentralised digital currency which means there is no central authority like the government to control the peer to peer transactions. There is only a limited number of 21 million bitcoins  whereas traditional money will be printed as much as required by the government. Bitcoin and other cryptocurrencies are not affected by the monetary policies. Bitcoin and altcoins are not developed to replace traditional currencies or fiat currencies, the value of bitcoins keeps on rising as years passes by, and the current  bitcoin price has reached upto $5372.

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Restmand
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October 18, 2017, 07:39:04 AM
 #1732

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 difference between bitcoin and real money is far apart.the only similar of the bitcoin and real money is it used to buy everything. but the bitcoin is used to buy everything only in the internet and the real money is used to buy everything everywhere. the bitcoin have an expensive value while money is sometimes big and small it apart it depends on spendings.
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October 18, 2017, 08:22:07 AM
 #1733

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.

besides, bitcoin has a very expensive price than real money. bitcoin just in the form of digital money or money that has no physical. bitcoin there kesituanya with gold that has a price that sometimes rise and sometimes down.

shwetaji
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October 18, 2017, 08:29:41 AM
 #1734

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?

Actually it might help you in faster and safer transactions. It is basically a new way of making transactions. Also value of bitcoin may increase in a period of time

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Dell.India
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October 19, 2017, 04:07:18 PM
 #1735

Bitcoin is a digitalized currency where we can hold it as stock and release it at the right time so that we can increase the value of the money. Profit through the bitcoin is much higher than the real money and we can purchase anything online internationally. Realy money is the local currency through which we can buy anything anywhere instantly. Overall bitcoin money is more safe and secure. The most advantage is tax free and untraceable. Investment through cryptocurrency is the best long term investment for now. Smiley
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October 19, 2017, 05:02:04 PM
 #1736

Bitcoin can turn people's views on money at all. I think we can say with confidence that this is the future



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October 19, 2017, 05:30:35 PM
 #1737

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?


Your right about everything you have that $ but as of now we are not living in the ice age someone tell to someone this rock is money just like that and your rock are $ now so BTC is $ now as I can see really clever on my country

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October 29, 2017, 01:24:46 AM
 #1738

There are many differences between bitcoin and real money.. bitcoin you can use it online as alternative real money you can buy anytime there.. in bitcoins you should have too because many other will exchange it fast and instantly in our place.
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October 29, 2017, 02:12:56 AM
 #1739

There are many differences of bitcoin and real money. Anywhere you can use real money.But there are many places do not accept Bitcoin. But bitcoin best for investment. You can earn more money form bitcoin investment. Anywhere you can exchange bitcoin.

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October 29, 2017, 02:45:38 AM
 #1740

Bitcoin is virtual, isn't it?  It make big different between bitcoin and real money.

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