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Author Topic: Difference between Bitcoin and real money?  (Read 114375 times)
Rozita
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March 02, 2018, 05:40:26 PM
 #3081

It is clear that Bitcoin is used as money. Different coins and services are bought for coins. The only restriction is that Bitcoin is not universally accepted as a currency. However, the currency can also be exchanged for other currencies, such as the US dollar, euro, yen and yuan. Therefore Bitcoin is a currency - a new monetary form that investors use for savings.

So gold is a currency too. We can sell our golds for Dollar, Euro, Yen and Yuan.

Better to call bitcoin an asset. It is same as gold. But I thing bitcoin or another currency will become a currency in future when all the governments will accept cryptocurrencies.

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March 02, 2018, 05:51:08 PM
 #3082

There are a gush in connection with advantages next to using bitcoin in other ways incontestable jack aside from ordinal rocks secluded too has advantages. discounting what I\'ve regard studiously entranceway an typescript that at any rate validated paper money is renewed so as to a latent blurb and ethical self doesn\'t bechance reinforcement out. That\'s the raggedness between toothed normality and bitcoin. Bitcoin is exchangeable, inner self isn\'t uncolored since a lot sallow plural points inner self gripe until have, it\'s a fabric pertinent to speech situation relative to transactions also. Bitcoin has worship considering we Australian ballot me has value, no end it\'s yes sir uncommon headed for all the world favor this community.
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March 02, 2018, 05:58:06 PM
 #3083

Bitcoin is a digital currency coin. Which is different from real money
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March 02, 2018, 06:01:18 PM
 #3084

Real money you can use everywhere in the world. And every bank or organization and everybody should be accept real money. And it's control by every country central bank. But Bitcoin is totally different. Btc a virtual currency and you can't touch or see it. It's not controlled by any organization or government.
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March 02, 2018, 06:03:25 PM
 #3085

maybe, as it makes experience to function beyond the current banking and authorities gadget whilst Bitcoin is being used now not most effective as a shop of value or an investment asset, but additionally as a method of charge? Open your thoughts, a closed-loop Bitcoin financial system could be feasible with none authorities participation or interplay, either direct or mediated. while every body is using fiat for whatever, authorities is always there, given that fiat is largely a part of authorities itself. on this manner, I cannot likely agree that Bitcoin isn't always exciting as a foreign money considering that there may be fiat already...
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March 02, 2018, 07:30:38 PM
 #3086

the difference between bitcoin in real money is that bitcoin can be used in online payment transactions such as online bills or online payment that used bitcoin because bitcoin is a digital money that use a internet transaction and the real money is used as a general and a cash payment in anywhere you wanna buy. And the advantage of bitcoin is you can invest in bitcoin to earn high profit
lebrone08
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March 03, 2018, 10:26:26 PM
 #3087

The differences between bitcoin and real money is that bitcoin is a digital money, can use on internet, and do transactions directly to person you need to tranfer without through banks, but it is not as popular compared to real money.

Real money is a currency  that controlled by the government,  we usually use this currency to buy our daily need, such as foods,  clothes,  shelter and so on,  while bitcoin is a crypto currency that need and Internet connection  in order for you to make any transaction.  It is also use to buy alt coins and start your own trading system Wink
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March 03, 2018, 10:46:49 PM
 #3088

Real money you can use everywhere in the world. And every bank or organization and everybody should be accept real money. And it's control by every country central bank. But Bitcoin is totally different. Btc a virtual currency and you can't touch or see it. It's not controlled by any organization or government.
But you can use specific currency in specific area, but cannot use it everywhere, shopkeepers will never accept another country currency from you. while bitcoin is a universal currency which you can use anywhere in the world,. at least some shops are available everywhere in the world where you can use your bitcoin for shopping. Hope in future the number of such shops will continue increasing.
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March 03, 2018, 10:55:09 PM
 #3089

bitcoin is a virtual decentralized money everyone can access and more or less anonymous while to have real money we have to go through banks to invest or other

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March 03, 2018, 11:19:00 PM
 #3090

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?

All I can see is about the currency. Bitcoin price is volatile and variable. It may change time to time in the market. Money, price is stable. If you have a dollar, one dollar then that is it. Money is not changing, it may change but not that much in the value. However, bitcoin can. It can raise its value in just a few days.
JoshuaBlack1
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March 03, 2018, 11:25:16 PM
 #3091

Bitcoin is an appreciating asset. The world is moving towards a cashless society and I think there is a place for bitcoin in there. You could call it a gamble but it all depends on if you truly believe in the technology and understand its capabilities you wouldn't really consider it that much of a gamble
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March 04, 2018, 01:01:38 AM
 #3092

I think the difference between bitcoin and money is that bitcoin price is impermanent because it may change anytime in the market while the real money price is stable because it has its own value that will never change even it is low or high especially it is controlled by government.
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March 04, 2018, 01:05:42 AM
 #3093

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?

For mr the difference in bitcoin and real money is the value of real money is stable but in bitcoin you wilk get more real money if you believe in bitcoin because the value is not stable so it means you will get more profit if you invest in a low price and then sell it when the price goed up.
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March 04, 2018, 01:09:10 AM
 #3094

The difference if bitcoin into a real money is money can be directly buy into the market you can purchase your goods directly,whereas bitcoin is blockchain technology to become a well changer in industry.
elsie34
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March 04, 2018, 01:15:04 AM
 #3095

I think the difference between bitcoin and money is that bitcoin price is impermanent because it may change anytime in the market while the real money price is stable because it has its own value that will never change even it is low or high especially it is controlled by government.

i think no , because even real money like dollars do also fluctuates sometimes but not oftenly or highly volatile as bitcoin. they do increase and decrease in a smaller rate (e.g 50 cent and up ) . being controlled by government or banks does not mean their value can become stable. look at bitcoin , bitcoin has been adopt and recognize by banks and governments lately but why bitcoins value is still volatile? you know crptocurency is totally different from a reall currency as they are decentralize.
gregorio5
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March 04, 2018, 07:31:07 PM
 #3096

I had a similar conversation with my young kids. I tried to explained to them the differences (I was unsuccessful by the way) but it boils down to digital money is the future. I don't know if Bitcoin will takeover fiat but fiat is outdated and something will replace it in the near future.
youngagethinker
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March 04, 2018, 07:35:31 PM
 #3097

Difference is regulation, real money is regulated by governments or central banks, they dictate the value of real money, while Bitcoin is free as far as I know of regulations from governments, value is drive by supply and demand.

There may be some factors, but the FIAT is driven by the supply and demand too. When the FIAT currency is in demand and that country is not printing more, then the economy is high and the fat will grow. It won't be in value if no one uses it anymore, the only difference is that BTC is purely has a stand-alone law, which is its value purely relies on the usage, unlike fiat that there are so many sectors that is involved and considered.

The differences of bitcoin and $ actually is a lot, but some of them are :
1. Bitcoin characteristic is independent directly from any government
2. The transaction of bitcoin is very transparent just like a cash book of a bank that so far just accessed by the accountant of that bank, but bitcoin
with blockchain technology is allowed to be accessed by anybody.....so the transparency is very high.
3. Bitcoin is allowed to be transacted by peer-to-peer, not via a bank which can shorten the procedure and bureaucracy, and of course the cost.


The transparency is very low when you don't know the addresses of people, that's why it is highly used in trading illegal goods, but when its applications will be used in government transactions and employees know the addresses, then it is much more transparent than any existing fiat.

yaniman
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March 04, 2018, 08:01:46 PM
 #3098

It is important that the difference between them is very dependent on each other. If there is not real money, what would we have measured the value of bitcoin?

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March 04, 2018, 08:02:47 PM
 #3099

Faint money(real money) is supplied the banks and as we know banks are ruling over us for more than 500 years. If you want to become a free man and spend whatever you like without restrictions or rules then switch to Bitcoin you will not only get fewer fees but also you will get many additional features like the anonymous transaction network and much more stuff which banks are not going to provide over 10 years, also Bank are using your money for their own benefits.
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March 04, 2018, 09:35:52 PM
 #3100

Bitcoin and all other coins which are there in the crypto world are advanced form of currency. There is a lot of difference in between bitcoin and real money. The most common difference among both of them is that bitcoin is an online or you can say digital currency and it does need an internet connection unlike that of real money. In addition to this, market value of bitcoin is increasing very much significantly.
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