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Author Topic: Difference between Bitcoin and real money?  (Read 114955 times)
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November 28, 2017, 03:26:03 AM
 #2121



Understanding is and knowledge is the most important part in the crypto currency. different from gambling that if you lose will be all lost. bitcoin is not, you should find knowledge about bitcoin if you want to compare it

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L00n3y
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November 28, 2017, 04:20:09 AM
 #2122

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?

I would say liquidity is one big difference between the two. Since bitcoin is a form of an investment, unlike real money where you can readily use it for your convinience. If you decided to go with bitcoins i suggest you start small and if profit is good then go bigtime.
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November 28, 2017, 04:55:10 AM
 #2123

The main difference between bitcoin and real money is that bitcoin is an electric form of money and the real money is the  local money which we use everyday.

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November 28, 2017, 05:15:20 AM
 #2124

Bitcoin is a peer-to-peer electronic payment system that operates as an self-determining currency.
Money is currency, check is an implement to transfer value of currency.
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November 28, 2017, 05:18:24 AM
 #2125

Bitcoin is safer than real money but as compared to liquidity money is more liquid and can be used soon and expending need is more for human but in case of bitcoin it cannot be used everywhere it has its own limitation. But for the person who has excess money he can buy or earn bitcoin and get better returns than real money.

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November 28, 2017, 05:35:21 AM
 #2126

Bitcoin is safer than real money but as compared to liquidity money is more liquid and can be used soon and expending need is more for human but in case of bitcoin it cannot be used everywhere it has its own limitation. But for the person who has excess money he can buy or earn bitcoin and get better returns than real money.
That's true but I hope in the future more and more people will accept bitcoin, when massive adoption will happen we can expect great experience
using bitcoin because we are in control of our own money and bank will no longer hold it and make money from it.

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November 28, 2017, 05:42:47 AM
 #2127

But I think bitcoin it's not pay system now. Only a few pay systems can take a real money, which costs for bitcoin. Its not important for economic. Only hype:)
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November 28, 2017, 05:44:57 AM
 #2128

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 betyer than real money because the value of bitcoin is so high but the real money is more advantage for now because real money is virtual money you can use this everywhere to buy anything and no fees but bitvoin is more good because you can use this even at home to buy some bills etc.
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November 28, 2017, 05:46:11 AM
 #2129

Real money is issued, printed and controlled by government of respective country and government but bitcoin is completely different because it is neither printed nor issued by any central government. So, bitcoin is digital currency that we can  only spend in online and Real money is currency that we can only spend in physical world. That's why I think, bitcoin is replacing paper currency day by day.
Baronggot
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November 28, 2017, 05:56:24 AM
 #2130

Difference between bitcoin and real money? These two entities are actually money but the basic difference between the two is their form as the former is a digital currency which is an intangible while the later is a real currency where you can touch it. Bitcoin also needs to be online for you to able to transact while real money needs no internet since you can transact to it offline.

wwdz99
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November 28, 2017, 06:18:04 AM
 #2131

Their a lot if difference between electronic money like bitcoin and physical money like real money. In case of real money you have to pay tax but in bitcoin their is no required to pay tax. In the transition of real money a third party (e.g. bank ) involved but in case bitcoin their no involvement of third party and its less traceable then real money. In the case  real money government has control in it but in the case of bitcoin government has no such control. In the case of real money it is difficult to convert into any other currency but in the matter of bitcoin it doesn't happen.
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November 28, 2017, 06:18:55 AM
 #2132

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November 28, 2017, 12:15:24 PM
 #2133

The main difference between bitcoin and real money is that bitcoin is an electric form of money and the real money is the  local money which we use everyday.

I think bitcoin is far from being a money. Bitcoin is more on a currency, a digital currency.

I think money or real money is the fiat and bitcoin is not a fiat. Bitcoin is more on the decentralized and pseudo anonymous side while the real money is in the opposite.
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November 28, 2017, 12:20:00 PM
 #2134

Because bitcoin is a good investment. Bitcoin can give you extra income. Bitcoin makes more money than any investment. You can change your life by investing in bitcoin. Bitcoin will surprise you. Smiley

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November 28, 2017, 04:21:23 PM
 #2135

But I think bitcoin it's not pay system now. Only a few pay systems can take a real money, which costs for bitcoin. Its not important for economic. Only hype:)
here are a lot of diffrence between these two mode of payments but the most important diffrences are bitcoin is controled by the user but real money is controled by banks not by users. government can take actions on real money but bitcoin is same in all the times nothing will change it
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November 28, 2017, 04:34:55 PM
 #2136

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?

First, the main difference of real money and bitcoins is that real money can be touched or seen and we know worldwide it is used by everyone. Bitcoin, however, can be used through an internet connection. As I have observed while using bitcoin, bitcoin is easier to earn than that of real money. Even young people can earn here then start investing in bitcoin so that they can have more bitcoins to own.
RaymanC.
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November 29, 2017, 03:42:20 AM
 #2137

Difference between bitcoin and real money for me is confirmation process as its today. Real money doesnt have this. However, bitcoin always superior and we can make choice to invest.
Naoko
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November 29, 2017, 10:49:55 AM
 #2138

Bitcoin is more valuable than real money. When we compare real currency with bitcoin there is a big difference. First the price, bitcoin has the high price when we compare it with all currencies, second is voltatilty. I think there is not currency can increase or fall 100$ or more in one day. This is good for trading. The one advantage of real money, that they are more popular in everyday life and it is easier to meet our needs with them
Applechild
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November 30, 2017, 04:55:14 AM
 #2139

Bitcoin is really not that different from regular money, it is just that since bitcoin is mostly digital there is not much use for it in our regular lives.
A realise is bitcoin is decentralized and not endless printing. So it is more profitable for us to use bitcoin rather than fiat. If you use bitcoin your value of your money is increase every time, your transaction become easier, faster, and safer and government will not tax it. 
So bitcoin and fiat is the same, it is money. But bitcoin is give us more benefit rather than fiat.
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November 30, 2017, 05:03:20 AM
 #2140

Bitcoin is just making money, while real money is in your hand but just a little.
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