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Author Topic: Difference between Bitcoin and real money?  (Read 114184 times)
dyewic
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October 31, 2017, 06:33:35 PM
 #1781

There are many differences of 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 instanly in our place.

I agree to you that there are many differences about bitcoin and real money and that is, bitcoin can use online as alternative but in the real money you can buy anytime, anywhere and what you want to buy. The difference on bitcoin and real money is, bitcoin is a digital currency that you can use only online but also can be real money but real money is only a currency which also you can turn to bitcoin but that's so much money to turn it in bitcoin.
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October 31, 2017, 06:50:35 PM
 #1782

There are many differences of 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 instanly in our place.

I agree to you that there are many differences about bitcoin and real money and that is, bitcoin can use online as alternative but in the real money you can buy anytime, anywhere and what you want to buy. The difference on bitcoin and real money is, bitcoin is a digital currency that you can use only online but also can be real money but real money is only a currency which also you can turn to bitcoin but that's so much money to turn it in bitcoin.
Yes, it's true. But you should know that people still prefer use money to Bitcoin cause they can use it worldwide but it's different with Bitcoin. Bitcoin is not legalized worldwide moreover there are some countries banned Bitcoin already so in these countries nobody can be able to use Bitcoin. Beside it's impossible to use Bitcoin when you go outside without your computer and your smartphone but you can use money directly or through a credit card of course computer and smartphone is no needed in this case.
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October 31, 2017, 06:56:34 PM
 #1783

Real money is regulated by the government. While Bitcoin is not, it is decentralized. No one controls Bitcoin. Bitcoin transactions is anonymous. No one can know your identity but can track your address.
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October 31, 2017, 06:59:51 PM
 #1784

The first difference between Bitcoin and real money is on the basis of their usage .Bitcoin is used for online transactions and real money is used for ofline transactions.The other difference between them is on the basis of their acceptance .Real money is accepted all over the world but Bitcoin have some acceptance issues in many countries.Bitcoin is decentralized in nature and real money is centralized in nature.The investments provided by Bitcoin are more profitable than the investmemts provided by real money .Bitcoin is a modern form of currency but real money is traditional form of currency.

Correct. Obviously that is very much the difference and the way it is used is very different from bitcoin, where bitcoin will make it easier for users to transfer money directly, even to the corners of the world, but unlike the real money, we can not send directly, using real money , and we must first send it through the bank, in order to send it and of course it will take a lot of time ..
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October 31, 2017, 07:05:52 PM
 #1785

'Money' and 'currency' should not be used interchangeably. Currency is the money of a given state. In the U.S., it is Federal dollar notes in circulation.
Money is what we use every day to pay our liabilities, and this includes currency and, to a much bigger extent, our bank account balances that provide the source for our check, wire transfer, debit card, and credit card payments.
Then, there is another form of 'currency' that exists in the books of the banks, and is equivalent to Federal notes, yet is 'immaterial'. This is the account balance that a bank can hold at the Federal Reserve Bank of its district, called 'bank reserves'.
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October 31, 2017, 07:25:20 PM
 #1786

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?

You can get high profit if you use bitcoin in investing, much more on gambling but gambling is kinda risky so go for investment. Regarding to the difference of bitcoin and dollars, bitcoin can use by the people who can use gadgets or modern technology while dollar can use by everybody even you don't know hot to use a smartphone or you're poor.

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October 31, 2017, 07:36:12 PM
 #1787


The number of bitcoins is limited - 21 million of them can be produced. Today, no state in the world can print or depreciate them. This is the concept of bitcoin - that it should be money that belongs only to you, which can not be forged and which you can instantly settle with anyone anywhere in the world where there is the Internet.
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October 31, 2017, 07:41:41 PM
 #1788

Real money is more stable then bitcoin. Bitcoin is very unstable it can rise very high and it can fall very hard in a short time. Bitcoin is also online and not in your pocket.

Real money can be in your pocket and you also have a credit card who you have in your pocket most of the time. While bitcoin is online so its harder to steal it.
Yeah both are the form of currency but i think the both are totaly different in current scenerio. we can use the real money for direct shopping in local stores and we know that bitcoin is just using for online transaction like as online shopping or in use of website but i hope we will be use our bitcoin like as fiat like our regular money because bitcoin is getting much more popularity and there is a lot of people adopting bitcoin huge amount for the future i hope we will be using our bitcoin like as our regular currency but i think it will take almost 10 to 20 years for it to do so..

Yes.FIAT is used for all the money depending currency, and bitcoin is also now accept for transaction like in Amazon. Take a dollar, it price of dollars is similar not vary.In Bitcoin, the price will pump. Bitcoin will replace the $ and the entire currency system. Bitcoin is always better than Money.

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November 01, 2017, 04:06:37 AM
 #1789

I don't really want to say that it's a real money. It is just a fiat currency where people have blind trust in. Many people don't have the real knowledge of its origin. The federal reserve system is built on fraud. Bitcoin on the other hand is transparent. Though many people find it is complex due to the new technology, it is where the future is heading towards. Bitcoin is mined with the usage of electricity where there seems to be a transfer of value.
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November 01, 2017, 04:29:48 AM
 #1790

There's much difference between bitcoin and money. Bitcoin is only usable on internet. you need internet connection with a personal computer.You can buy an sell your bitcoin anytime anywhere . Not everyone accept the bitcoins.On the other hand for money there's no internet connection required neither any device to control it. Everyone can accept it because they're aware about money .
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November 01, 2017, 05:05:46 AM
 #1791

Real money is more stable then bitcoin. Bitcoin is very unstable it can rise very high and it can fall very hard in a short time. Bitcoin is also online and not in your pocket.

Real money can be in your pocket and you also have a credit card who you have in your pocket most of the time. While bitcoin is online so its harder to steal it.
Yeah both are the form of currency but i think the both are totaly different in current scenerio. we can use the real money for direct shopping in local stores and we know that bitcoin is just using for online transaction like as online shopping or in use of website but i hope we will be use our bitcoin like as fiat like our regular money because bitcoin is getting much more popularity and there is a lot of people adopting bitcoin huge amount for the future i hope we will be using our bitcoin like as our regular currency but i think it will take almost 10 to 20 years for it to do so..

Yes.FIAT is used for all the money depending currency, and bitcoin is also now accept for transaction like in Amazon. Take a dollar, it price of dollars is similar not vary.In Bitcoin, the price will pump. Bitcoin will replace the $ and the entire currency system. Bitcoin is always better than Money.
Amazon? No, I do not remember Amazon has accepted Bitcoin as a payment method in their shop. This is just a rumor and Amazon has confirmed they do not have any decision for Bitcoin at now. However, they do not negate they will accept Bitcoin, but apply it in this year is impossible.

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November 01, 2017, 05:11:04 AM
 #1792

In real money you can have it if you work in real world. In bitcoin you can have it if you are always on the internet and willing to understand and to earn bitcoin.

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November 01, 2017, 05:12:50 AM
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The number of bitcoins is limited - 21 million of them can be produced. Today, no state in the world can print or depreciate them. This is the concept of bitcoin - that it should be money that belongs only to you, which can not be forged and which you can instantly settle with anyone anywhere in the world where there is the Internet.
I agree with you bitcoin is there limit can not create more and its value will increase rather than decrease.
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November 01, 2017, 05:30:09 AM
 #1794

Real currency value will not increase when compared to Bitcoin. But the price of Bitcoin is completely voltaile, we cannot purchase items without proper acceptances in the shops. We can carry Bitcoin and real cash but the problem problem with the Bitcoin is we need to have proper Internet connection in order to do transactions.

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November 01, 2017, 05:43:32 AM
 #1795

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?

You can get high profit if you use bitcoin in investing, much more on gambling but gambling is kinda risky so go for investment. Regarding to the difference of bitcoin and dollars, bitcoin can use by the people who can use gadgets or modern technology while dollar can use by everybody even you don't know hot to use a smartphone or you're poor.
I think the difference is very visible that bitcoin shaped digital and real money can be categorized as cash. although real money also has digital version like credit card, debit card, atm, etc. but real money is better known as cash money. yeah you're right that bitcoin can only be used by people who have gadgets and can use internet. whereas real money can be used by everyone including poor people but the special of bitcoin is bitcoin can be used by everyone in various countries (ie global currency) while real money is still fragmented by the local currency in each country?

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November 01, 2017, 09:37:53 AM
 #1796

Hi, I'm interested in promising projects. Have u heard about StopTheFakes.io? This project solves the real problem and enters the market with trillion turns. What do u think about it? Look at it https://bitcointalk.org/index.php?topic=2336365.
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November 01, 2017, 09:52:31 AM
 #1797

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?

you are not totally right because you can convert your money in doller but you can not trade with doller because the price of doller not goes down and up sharply but in btc there is sharp and big down and fall and increaee in the rate day per day happened . so bitcoin provides us a way to get better way for trading .
and second thing is the no. of people wants to buy btc are more than the dollet buyer .


money depend on gold and bitcoins is a virtual currency.
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November 01, 2017, 09:58:44 AM
 #1798

The difference between bitcoin and real money that we all know that bitcoin is totally digital and you can use it in any online gadget and the real money is very fair to use in a small business that you have.

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November 01, 2017, 12:39:25 PM
 #1799


The number of bitcoins is limited - 21 million of them can be produced. Today, no state in the world can print or depreciate them. This is the concept of bitcoin - that it should be money that belongs only to you, which can not be forged and which you can instantly settle with anyone anywhere in the world where there is the Internet.
I agree with you bitcoin is there limit can not create more and its value will increase rather than decrease.
That if the demand will increase as well, what we have seen now is the result of increasing demand that is why the value of bitcoin
keeps rising and breaking it's previous all time high records. As investors we like this to continue so we also do an effort to support bitcoin, we
use it in our daily transactions and we also invite people to adopt with it.



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phelbaby
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November 01, 2017, 01:01:20 PM
 #1800

Real money are presented in physical notes,and everything else is a form of digital fiat and these traditional fiat currency are been monitored.While Bitcoin is decentralized currency which can,t be monitored.
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