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Author Topic: Difference between Bitcoin and real money?  (Read 114378 times)
Wexnident
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December 26, 2017, 11:38:29 PM
 #2461

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 major difference is the appearance. Bitcoin is a digital currency which means it doesn't have a physical form since it is virtual. Unlike physical money that are in a form of paper or simply, it does have a physical form. Bitcoin is also decentralized unlike real currencies which are centralized by different governments.

 
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December 26, 2017, 11:55:23 PM
 #2462

My obvious differences

Bitcoin is digital while fiat has both a digital and physical form.

Bitcoin can be treated as an investment while fiat cant be used in this kind of a form.

Bitcoin is universal in all parts of the world with no central power unlike fiat(real money ) which is under the control of the central bank isn't universal needs a bureau de change.


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December 27, 2017, 12:13:33 AM
 #2463

Definitely yes on the last one you said. More income less tax, not less tax at all it is no tax at all.  Don't you think why lots of people invest to bitcoin, some others sell their properties just to convert their money to bitcoin because they are in hope that it would make them wealthy and rich, they trust bitcoin but at the same it is a silly move and risky. Considering the factor of it is decentralize, unstable and no guaranteed that it would last long. The factor of it is decentralize, converting or investing your money to bitcoin is like investing it to strangers I do not know if it is guaranteed safe it could be hacked by someone so it is dangerous. Next one is that, bitcoin value is unstable means that you could be lucky or unlucky with the price you would get in the near future if you will withdraw it. Lastly is that, it is not guaranteed it will last long, means like it could disappear someday we do not know, so it is so risky to put your money into bitcoin because it might get disappear samething goes to the money you had converted or invested.
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December 27, 2017, 12:41:31 AM
 #2464

Many differences but think that ain is low fee in comparing to money transfer  and the opportunity to get more then invested bitcoin is future and it will be here forlong to come
Dont think we will see full potential in our lifetime
In my point of view the most important difference between bitcoin and real money is decentralized structure. Apart from this, we already have a digital structure in the money we use. We buy everything online.on the contrary one more different thing between that we can't feel bitcoin real but we can feel fiatmoney real in hand.
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December 27, 2017, 04:31:33 PM
 #2465

Real money is the legal tender of the different countries which use in daily financial transaction. It has a monetary value which can be used to buy something.
The difference of this money from bitcoin is, bitcoin can avoid the effect of inflation in the country. Its value is always increasing which will cover the possible increase in prices of goods.
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December 27, 2017, 04:46:42 PM
 #2466

Real money is the legal tender of the different countries which use in daily financial transaction. It has a monetary value which can be used to buy something.
The difference of this money from bitcoin is, bitcoin can avoid the effect of inflation in the country. Its value is always increasing which will cover the possible increase in prices of goods.
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.
francesyrus
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December 27, 2017, 05:06:54 PM
 #2467

Bitcoin is money that can be sent and received over the internet. It is called a digital currency because it lives on computers and moves between them.

Real money is generally accepted as payment for goods and services in a particular country. You can use it without the use of internet.

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December 27, 2017, 05:23:06 PM
 #2468

Real money is the legal tender of the different countries which use in daily financial transaction. It has a monetary value which can be used to buy something.
The difference of this money from bitcoin is, bitcoin can avoid the effect of inflation in the country. Its value is always increasing which will cover the possible increase in prices of goods.
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.
Bitcoin is a cryptocurrency and real money is called currency.Real money is stable and is under the control of the government or central bank.On the other hand,bitcoin is very volatile and is decentralised.Bitcoin requires internet connection to operate it and you must have some knowledge about the cryptocurrencies.Real money does not need any internet connection.You can use real money anywhere and anytime.Real money is internationally accepted while bitcoin is not even legalised.
Mantisa83
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December 27, 2017, 05:26:41 PM
 #2469

Humanity is constantly corrected by their controlling Governments and I believe the blockchain technology and more so the crypto currency system will create an equilibrium among all humans across the world.
BlackBeauty
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December 27, 2017, 05:47:03 PM
 #2470

Real money is the legal tender of the different countries which use in daily financial transaction. It has a monetary value which can be used to buy something.
The difference of this money from bitcoin is, bitcoin can avoid the effect of inflation in the country. Its value is always increasing which will cover the possible increase in prices of goods.
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.
Bitcoin is a cryptocurrency and real money is called currency.Real money is stable and is under the control of the government or central bank.On the other hand,bitcoin is very volatile and is decentralised.Bitcoin requires internet connection to operate it and you must have some knowledge about the cryptocurrencies.Real money does not need any internet connection.You can use real money anywhere and anytime.Real money is internationally accepted while bitcoin is not even legalised.
There is a big difference between bitcoin and real currency, bitcoin is a digital currency and its use for those who have knowledge and they want to join this forum, but real currency can everyone use easily because everyone have not education and they cannot join bitcoin that's why sometime real currency is better and that is the big difference.  

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December 27, 2017, 05:50:12 PM
 #2471

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?


Of course fiat is more stable than Bitcoin , and used by most of the transactuon we are doing day by day, it is the traditional medium of payment in which we have acquire with our ancestors unlike in Bitcoin it is digutally acquire and probably more useful in terms of using it for digital transactions, and investments Bitcoin is very volatile currency.

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December 27, 2017, 05:54:18 PM
 #2472

One is supported by the banks, the government, with these advantages and disadvantages, the other is volatile, and does not belong to anyone
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December 27, 2017, 06:07:47 PM
 #2473

Both real money (fiat) and bitcoin have their pros and cons and that's what made them distinct from each other. Basically, bitcoin is a digital currency (intangible) or a virtual money from innovative mind of Satoshi Nakamoto for global transactions as well as online payments. Real money, on the other hand is tangible but you can still do transaction without being online.

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December 28, 2017, 10:44:36 AM
 #2474

Both of them have a buying power. Both of them are currency. Bitcoin is digital currency or cryptocurrency while money or paper money is a normal curency which is the basic way in buying things. For bitcoin you can use this to buy online or any digital transactions. They said this can be use to buy or purchase in some of retail stores, hotels, bill and some fast food chain through online. The cash money is the usually way of paying by cash. No need to get online. Cash is most widely use, the normal way of spending. For bitcoin its merely online.
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December 28, 2017, 10:58:19 AM
 #2475

This is because you don't know the blockchain knowledge, and I think you need to understand the blockchain, and then governments are acknowledging bitcoin, so prices will go up further.

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December 28, 2017, 04:11:56 PM
 #2476

Their is some significant difference present between Bitcoin and real money which makes them separate from each other. The first and main difference is bitcoin is Decentralized that means it doesn't control by an single person or authority where as real money control by governments. Bitcoin price is highly volatile and it is illegal im some country but real money less volatile and legal everywhere. You can use bitcoin only digitally but you can use bitcoin both digitally and non digitally. If you legally earn bitcoin you doesn't need to pay tax but in case of real money you have to pay tax.
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December 28, 2017, 04:34:00 PM
 #2477

the most popular reason distinguish bitcoin to real mone is how they are used, real money is legal money so it can be used in anywhere in society and easy to use in daily payments, but bitcoin is digital using internet only, and is illegal in some countries, not much people know about bitcoin.
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December 28, 2017, 04:35:57 PM
 #2478

bitcoin value can growth higher than real money , so invesing in bitcoin is better than real money like usd for now i think ....

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December 28, 2017, 04:38:52 PM
 #2479

Bitcoins are basically crypto currency or you can say its a currency which can be run only electrically while in cash I hope you already know it....
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December 29, 2017, 11:18:11 PM
 #2480

Difference between bitcoin and real money is that while bitcoin is an online money, real Monet deals with physical cash. Bitcoin is a decentralized money where owners have control but real money government controls everything .
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