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Author Topic: Difference between Bitcoin and real money?  (Read 114375 times)
aoebtc01
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March 01, 2018, 07:58:58 AM
 #3041

Real money is under legal of goverment.
How about Bitcoin? People use Bitcoin because they can get profit from it, if Bitcoin back to zero value, can't earn profit any, I'm not sure people will continue to use Bitcoin.
Yeah if you want anonymity,elude taxes, and you want no boundaries bitcoin is a good investment aside from many taxation set by the government you can have a  privacy that would  hide you from public scrutiny. In terms  of investment you a can expect a higher return  of investment because  the price  will pump  every  now  and  then.
Unfortunately I don't have to much money for anonymity,elude taxes...
But I'm trying to earn money from Bitcoin much as much I can  Cheesy
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March 01, 2018, 08:03:49 AM
 #3042

I think the difference between digital currency and virtual currency is the value of these two currencies. Virtual currency has no value because they are not created for real-life use. An example of virtual currency is the points or coins you get when you win a game and you can swap those points for certain features in the game. This is one of the earliest forms of virtual currency. maybe that's a bit of my knowledge.
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March 01, 2018, 09:19:36 AM
 #3043

I think the difference between digital currency and virtual currency is the value of these two currencies. The virtual currency has no value because they are not created for real-life use. An example of virtual currency is the points or coins you get when you win a game and you can swap those points for certain features in the game. This is one of the earliest forms of virtual currency. maybe that's a bit of my knowledge.
True, the most distinguishing is the value of these two currencies. If the real currency value cannot be changed, but if the digital currency can change its value in a short time.
ashlyvash00
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March 01, 2018, 09:25:26 AM
 #3044

I think the different about bitcoin and a real money is bitcoin has more secured and easy to transact. Bitcoin increase huge price and also huge fall. Real money always in a stable price. But bitcoin cannot pay some food or etc in a mall. But theres certainly store accept bitcoin.
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March 01, 2018, 09:39:29 AM
 #3045

I believe the difference between bitcoin and real money is bitcoin is a crypto currency it can't be seen physically but yet it exists but real money is physical.
Another difference is bitcoin is decentralized while real money needs  the bank. Bitcoin is controlled by nobody while real money is controlled by the government.
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March 01, 2018, 09:56:17 AM
 #3046

There is a huge difference between Bitcoin and real money.One is refers to cash money and the other is virtual money which is not touched my hand.Those are needed for our everyday life.Cash money is used in our everyday life for doing everything and the virtual money is not acceptable in all places. Virtual money is used for doing many illegal work too.

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Ekimzjames20
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March 01, 2018, 10:32:31 AM
 #3047

There is a huge difference between Bitcoin and real money.One is refers to cash money and the other is virtual money which is not touched my hand.Those are needed for our everyday life.Cash money is used in our everyday life for doing everything and the virtual money is not acceptable in all places. Virtual money is used for doing many illegal work too.

Bitcoin is a digital currency that the transaction is at the online between individuals. We can't see and touch. While real money is in our hand, we can see and touch. The bills we used  in our country. That you can used to pay  in every trasaction that we do, anytime anywhere.
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March 01, 2018, 05:52:57 PM
 #3048

Crypto currency is a digital (virtual) currency that does not have a physical expression. This coin is protected from forgery, since the coin is an encrypted information that cannot be copied.
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March 01, 2018, 05:56:08 PM
 #3049

The main difference between electronic crypto currency and ordinary money in electronic form is the following: in order for ordinary money to appear on the account in electronic form, they must first be physically deposited into the account, for example, through a bank or payment terminal.
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March 01, 2018, 05:58:11 PM
 #3050

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?

Bitcoin is one of the cryptocurrency in the cryptomarket which you can use to trade , buy and sell. From its word "crypto" you can barely say that it is a virtual one or encrypted codes in the computer thas has a significant value. Actually bitcoin is the most valued cryptocurrency right now as it values from $10000 up to now and even reached $20000.
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March 01, 2018, 05:58:26 PM
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 #3051

The main difference between electronic crypto currency and ordinary money in electronic form is the following: in order for ordinary money to appear on the account in electronic form, they must first be physically deposited into the account, for example, through a bank or payment terminal.
That is, for ordinary currency, the electronic form is one of the forms of physical incarnation. Cryptocurrency is issued directly on the Internet and is not connected in any way with any ordinary currency or with any state currency system. Thus, can say that "crypto-currency is a kind of electronic money.
CADguy
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March 01, 2018, 06:00:36 PM
 #3052

It is impossible to freeze the account or withdraw the Crypto-currency.
At any time, you can verify the reliability of the operations performed.
The code of the crypto currency is open. Due to this feature, anyone can obtain virtual coins.
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March 01, 2018, 06:03:08 PM
 #3053

It is also important for me that the commission may not be charged for transactions. No taxes, fees and duties. This is so tired already in the real world.
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March 01, 2018, 06:05:07 PM
 #3054

It is also important for me that the commission may not be charged for transactions. No taxes, fees and duties. This is so tired already in the real world.
When buying and transferring coin holders, they take away part of the commission. Therefore, it can not be said that all operations are free of charge. There is still a fee. Just initially, the crypto currency itself is free.
qwerty12
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March 01, 2018, 06:05:47 PM
 #3055

There is a significant difference between banknotes in your bank account and Cryptocurrencies like Bitcoin. One of the biggest differences between the two is the bitcoin deflation attribute supported by 21 million capped currency inventories. Many economists believe this is very beneficial because people know that there is little bitcoin, which causes people to save, and purchasing power usually increases.
Ghayoor
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March 01, 2018, 06:06:16 PM
 #3056

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.
you are right sir in many countries bitcoin can be use easily same like real money and in some countries its not going to use easily but i'm sure in rest of all countries it will be start soon with easy use because in coming time bitcoin is becoming a global currency and then it can be use same like real money.
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March 01, 2018, 06:43:17 PM
 #3057

Real money is under legal of goverment.
How about Bitcoin? People use Bitcoin because they can get profit from it, if Bitcoin back to zero value, can't earn profit any, I'm not sure people will continue to use Bitcoin.
Yeah if you want anonymity,elude taxes, and you want no boundaries bitcoin is a good investment aside from many taxation set by the government you can have a  privacy that would  hide you from public scrutiny. In terms  of investment you a can expect a higher return  of investment because  the price  will pump  every  now  and  then.
Yeah it is the reality of the bitcoin that no one will be able to know the amount of bitcoin you have as bitcoin has the enmity and it cannot be trace or defeat by any other currency, now government is fixing the tax for bitcoin and this way bitcoin will involve the government so people will trust bitcoin easily and investment will be high with bitcoin. Bitcoin has the high power to increase and in future you will see bitcoin been use more widely than real money.

buiduc
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March 01, 2018, 06:48:50 PM
 #3058

I think bitcoin is smart gold, technology currency, real money is country of money, only have value in that country and governed by the government Smiley
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March 01, 2018, 06:55:26 PM
 #3059

It is not difficult to distinguish between bitcoin and realm money, but the most visible is the centralization for real money whereas bitcoin uses decentralization, it has a big impact on value or price, centralization will make the price easily determined but decentralization is only a decisive market.

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March 01, 2018, 07:10:37 PM
 #3060

Bitcoin is non decentralised and uncontrolled by government money. So when you can not pay by dollars for something, you can use bitcoin. Speaking about stocks, if this market is prohibited in some countries and there is no way to pay by "real money", you can use bitcoin then. Bitcoin is less certain way to earn, but can be more profitable.

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