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Author Topic: Difference between Bitcoin and real money?  (Read 114955 times)
FaQBoys
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January 18, 2018, 03:11:47 PM
 #2661

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.
Crypto currency is issued directly on the Internet and is not connected in any way with any ordinary currency or with any state currency system.
Crypto currency is a kind of electronic money.
Ethernel
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January 18, 2018, 03:17:39 PM
 #2662

Many things are different from bitcoin and regular money, but the most visible are value, stock and control. the value of money continues to fall due to various factors such as inflation, while bitcoin continues to rise. regular money stocks can be increased or reduced according to country policy while bitcoin stock is fixed.
shushanika
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January 18, 2018, 03:19:54 PM
 #2663

Biggest benefit of bitcoins is the returns you will get. If you compare it with other forms of investment, bitcoins offers highest returns.
Lifback
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January 18, 2018, 03:29:21 PM
 #2664

If the bitcoin is digital money where the amount of Bitcoins is limited to 21 million. It is based on each Bitcoin will be divided into eight decimal places. While the amount of fractional Bitcoins is called "satoshis". If the conventional currency, on the other hand, can be published indefinitely.
Cheaper Transaction Fee: Transactions in bitcoin do not cost a fortune, even Bitcoin transactions can be done anywhere, to any country at a relatively smaller and faster cost. Unlike the conventional currency if the transfer process is made to different countries will cost big and take longer.
alexsamudra
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January 18, 2018, 03:33:20 PM
 #2665

bitcoin and real money the same currency, the only difference is bitcoin is digital eye whereas real money is the other local currency. local currency is used directly by us to freeze buying goods directly in our residence, while digital money money we use to buy goods and everything but through online and even we do something online. if the local currency is used for anything but done where we live, the principal of his two currencies is the same we need for daily needs. Grin
bitcoinFPT
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January 18, 2018, 04:33:42 PM
 #2666



There is a big different between bitcoin and real money


Money


- The government can not control
- existed for a long time
- recognized by many people
- Can be used for daily shopping
- its value can not rise fast
Bitcoin   
- The government can control
- Appears in 2010
- only some governments accept
- can not be used for daily shopping
- Its value is rising fast
Bitcoin provides us with a way to get better ways to do business.so the people want to buy Bitcoin than buy dollar




tlkchain
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January 19, 2018, 02:03:07 AM
 #2667

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.
Bitcoin is a decentralized, globally universal electronic cryptocurrency that does not require third-party organizations or individuals based on blockchain as payment technology. In short, it is a virtual digital currency. The actual currency is issued by a single, powerful issuer based on actual productivity and product value in a given region.
freedomgo
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January 19, 2018, 02:38:57 AM
 #2668

Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.
Bitcoin is a decentralized, globally universal electronic cryptocurrency that does not require third-party organizations or individuals based on blockchain as payment technology. In short, it is a virtual digital currency. The actual currency is issued by a single, powerful issuer based on actual productivity and product value in a given region.
And Bitcoin is not that popular compared to real money but in the future we will see more people gonna be adopting with it.
Blockchain is very transparent, it will help reduce the cost of labor for business who want to employ this in their system so I think they will aim to minimize the cost to increase their profitability.

FUD Expert
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January 19, 2018, 02:47:30 AM
 #2669

Bitcoin gives you proof of transactions that cannot be tampered unlike real money that once you misplace or lost your transaction proofs, it easy to alter like in car or houses.
Basterian7789
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January 19, 2018, 02:50:38 AM
 #2670

why not you said the bitcoin is a real money, bitcoin itself is a real money, but there is diffrence between fiat money and bitcoin.real money is regulated by the government and every transaction as well.Bitcoin can do large and limited transactions I think.
hghcoin
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January 19, 2018, 03:11:48 AM
 #2671

I only know that Bitcoin is a cryptocurrency that protects our privacy, is not easily stolen or copied, and is not easily controlled by the government.
Johnzky
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January 19, 2018, 03:15:11 AM
 #2672

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?

lets make things reversed,why would i convert my bitcoin to money?the answer is maybe i need something to pay but the difference is my bitcoin earns profit as time goes by.while your money will remain ony if you just leave it into your pocket.thats the difference between the two
Targusluxe
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January 19, 2018, 03:25:15 AM
 #2673

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?



You have a point in your questions but if you go deeper in to being a crypto you will realize that it is a good investment.
Its just normal to be skeptical many of us did when we heard bitcoin for the first time but there so much hype on bitcoin right now so i started to be interested in it. Before i invested in bitcoin i studied it first.

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riddy09
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January 19, 2018, 03:34:27 AM
 #2674

@Targusluxe
It will be a good investment if you do your research as well. We know that not all cryptocurrency are worth investing. So, many focused on the already known crypto markets which then, they will prepare their selves for the market assessment whether when to buy or sell. I'm also skeptical at first because it's not the same as real currency or what we know as money.

We understand the difference between Bitcoin and real currency is that the currency exists or governed by a government which regulates the money while Bitcoin is virtual. Often, many skeptics think it's sort of imaginary or virtual money or even linked to scam and most likely stay away from any cryto.
jess04
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January 19, 2018, 03:58:14 AM
 #2675

The difference bitcoin and real money, Is bitcoin you can use it online currency the cyber world you can convert the real money. The real money is regulated by the government and you can buy anytime, But both have that can be used for life.
mr.niwangz
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January 19, 2018, 04:04:25 AM
 #2676

Bitcoin is an online digital currency that the government can not easily tamper with the bitcoin system because it is tax free and bitcoin differs significantly from real money because real money is still tax-imposed and you will definitely see the difference.

jeluhtajem
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January 19, 2018, 04:04:26 AM
Last edit: January 20, 2018, 04:27:28 PM by jeluhtajem
 #2677

The difference lies in the cost of security and transaction only
If my security problem feels a little safer, money about money transaction fee is definitely much better, because it does not require transaction fee in every transaction
Archie1973
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January 19, 2018, 05:06:34 AM
 #2678

I'd rather use the dollars and earn with bitcoin.  In the future many will adopt the bitcoin because of its huge value and let's hope for more stores accepting bitcoin as payment. All we should do now is accumulate bitcoin while we can.
mikaeltomcruz12
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January 19, 2018, 05:24:38 AM
 #2679

As of now bitcoin is not recognize by our government as a currency you cannot use bitcoin to buy some goods to small store while the money you can use it any ware when you need to pay your bills.
cungtrongdung1
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January 19, 2018, 05:58:38 AM
 #2680

Bitcoin is an electronic money, also known as digital, that is released in open source format, created by solving complex algorithms.

Bitcoin or Electronic Money have become familiar concepts and are recognized by governments in many countries. The money that exists in this electronic form is becoming ever hotter than ever.
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