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Author Topic: Why not compare Bitcoin with money?  (Read 883 times)
chawity
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April 18, 2018, 10:51:56 PM
 #141

For me money is more stable than bitcoin. In the price has become fixed for money but the bitcoin is still not predictable straightforwardly. If you look at last year's price in the end its value is $ 15,000. In this year I think the value will also increase as last year. Some people also say that this year the bitcoin will break out to reach $ 25,000. On the other hand it is possible to see the fall of bitcoin extensively no one can predict the bitcoin price. Cool

Yes, Money is fixed in price rather than Bitcoin which is very volatile and flexible in price in the market. But, in terms of investments issues, I may be prefer with bitcoins. As we can see, there are lots of Bitcoin millionaires and billionaires nowadays, and it’s because they tried to hold their bitcoin for a long time. And i think that it will still be more flexible these days and it will increase a lot!
rodskee
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April 18, 2018, 11:01:56 PM
 #142

paper money and bitcoin are have different function as currency paper money had an stable price in the market control by every nationality or government own currency, unlike bitcoin as decentralized currency difficult to control and not control by the government and bitcoin centralized currency worldwide unlike paper money every country have own currency.
simple to understand bitcoin as currency use the new technology computerized system easy to transact aqnd holding of bitcoin are profitable for us as investment.

Glutius
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April 18, 2018, 11:02:33 PM
 #143

I don't think we should ignore the obvious human factor of greed. The authorities will delay the maximum event of comparing digital money with paper. This simply unprofitable. They will not be able to fully and profitably manage digital currencies for their own purposes, as it can be done with paper money.

senne
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April 18, 2018, 11:46:17 PM
 #144

I think its nothing wrong as it is generally a crypto stock that is calculated on the basis of fiats only

Moreover, Bitcoin is form of a virtual currency that helps us to buy new communites online and various new coins. It has served as a purpose of money at various occasions then, why to resist to compare it with money. Infact, it is kind of money so there is no comparison the only comparison one can see is the kind of usage we take with this crypto currency.
Yakapo
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April 18, 2018, 11:53:40 PM
 #145


THESE ARE TWO VERY DIFFERENT CURRENCIES, in fact, the most basic difference is that Money is toungible while BTC is not. Fiat currently have the advantage a its recognized by the governments while to all governments recognize BTC.Bitcoin is still a new technology that will be embraced with time, and when it does, it will challenge fiat, or even phase it out
LindaFallar
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April 19, 2018, 12:27:04 AM
 #146

As a wise person, you can really compare Bitcoin from
money. You woud ask yourself what is the difference of using Bitcoin from money? What do you preferred, is it your Bitcoin or your money? Well these are the questions that you have in your mind when it comes into Bitcoin and money. Al I know is money can be seen or simply tangible while Bitcoin is not.
mackhoy
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April 19, 2018, 12:39:48 AM
 #147

They may have similarities but they can never be the same at all. Money is guaranteed an ultimate cash you can have to make a transaction. Bitcoin can also do the same but do exist only in virtual. However, both have the same value but different in its form. Pro's and con's are almost same with both but what is more important is the value of it that you will enjoy.
Valzzz005
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April 19, 2018, 01:08:48 AM
 #148

Objectively, the money is just a sheet of paper, why? The paper is recognized by the state government to ensure that, so what is the guarantee? that is gold. Which country more and more gold, wealth assets are terrible, that currency is priced compared to other currencies. To understand more about currency you can see the book "War Money" nhé!

Bitcoin is generally accepted by the community and is priced against USD or gold so it's worth it.

In short, every value is converted into gold. But gold has some major disadvantages so new alternatives are available such as money and now Bitcoin.

Simply because they are very different in amy ways like for example the money are stable and accessible by a lot of people even the beggars because we can easily gave it to them and it is the traditional way so even the elders do it. While bitcoins are the modern one and it needs a lot of medium in order to access it because it first meed an internet connection and a device so beggars cannot access it so if that will be the case then there will be some discrimination that will occurin the
Sadlife
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April 19, 2018, 01:13:37 AM
 #149

Bitcoin is far ahead than paper money because it is backed up by miner that mines block and confirms a transaction then gets rewarded. There are major factors that makes bitcoin valuable, it is the supply and demand a decentralized currency that makes it popular.

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JoshKulot
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April 19, 2018, 01:31:01 AM
 #150

Comparison between Bitcoin vs Money is quite edgy but good topic.
-1 Bitcoin is equal to $8,150 *coinmarketcap update
-1 Dollar is equal to $1 *any dollar
Very interesting huh. But if bitcoin if ever be over its value will be zero and money still the same.
-Bitcoin cannot be burn or vanish physically
-Money specially paper cash can
"Who the hell will burn his own cash?"but the point is bitcoin cannot be destroy physically.
brontosafar
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April 19, 2018, 01:40:20 AM
 #151

at the present time, we cant compare bitcoin with money. because the technology has not been so developed in the sector of financial. but if the bitcoin can "survive" till the future time, doesn't rule out the possibility that bitcoin will replace money or fairly compete with money.  Grin
drm
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April 19, 2018, 01:59:30 AM
 #152

One has an unlimited supply, is centralized and controlled by the government and the other is decentralized with a limited supply (arguably for some though Tongue)
kolinko
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April 19, 2018, 02:44:30 AM
 #153

Because money has been used throughout so far. Everyone knows the money. But since the bitcoin appeared quite well countries around the world, especially developed countries. In the future I think bitcoin will be used as traditional money.
Roaid
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April 19, 2018, 02:50:59 AM
 #154

Gold was no longer a guarantee of banknotes long ago. The current fiat currency guarantee is government credit. The more credit a government has, the more stable the price of its banknotes. Positive examples are the US dollar, the euro and the Japanese yen, while negative examples are Zimbabwe, Venezuela, and most recently Russia.
Similarly, bitcoin's guarantee is a consensus that bitcoin proponents affirm the value of bitcoin. From my personal point of view, this value is a relative value, and the counterpart is fiat currency. How much do you not believe fiat currency, to some extent you have more believe in the value of bitcoin.
Sumartini
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April 19, 2018, 02:53:39 AM
 #155

no it cant be compare. money is more commercial exchanger for daily life, while bitcoin is one of instruments of investation. while money is vollatile is price because of inflation and small things which make its more stable. viceversa wth cryptocurrencies.
cotton ball
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April 19, 2018, 03:58:35 AM
 #156

Gold was no longer a guarantee of banknotes long ago. The current fiat currency guarantee is government credit. The more credit a government has, the more stable the price of its banknotes. Positive examples are the US dollar, the euro and the Japanese yen, while negative examples are Zimbabwe, Venezuela, and most recently Russia.
Similarly, bitcoin's guarantee is a consensus that bitcoin proponents affirm the value of bitcoin. From my personal point of view, this value is a relative value, and the counterpart is fiat currency. How much do you not believe fiat currency, to some extent you have more believe in the value of bitcoin.

because money is not as complicated as bitcoin that functions as a commodity like gold and property, in the future bitcoin even has the ability to become a fiat currency guarantor with various altcoin in it (national and legal). If bitcoin is applied today it is very risky because it will bring active inflation. so bitcoin should stay focused on its own market and go hand in hand with other economies as a benchmark.
kolateral
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April 19, 2018, 05:06:36 AM
 #157

the bitcoin transaction is just so long not been recognized by the bank the money that we hold most of our citizen not yet known bitcoin more they know the money they see now the bitcoin has not been recognized by our bank
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April 19, 2018, 05:18:53 AM
 #158

It is not comparable now as fiat money can be used every where but bitcoin cannot be used as money everywhere because bitcoin is a digital currency and we don't have digitization available at all places.

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Amuloko
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April 19, 2018, 05:29:53 AM
 #159

Impossible bitcoin can not be compared with money, money is quite spend in every country, unlike bitcoin wallet it is only recognize in some countries
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April 19, 2018, 05:53:51 AM
 #160

the transaction model continues to innovate every year, with the purpose to ease our lives.

gold and fiat are now considered boring, both of which have limitations, gold has value and luxury but its function is limited, fiat is also unreliable to defend a country's economy.

so now bitcoin controls all the functions of the financial system.
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