Quote from: virasog on December 01, 2016, 02:26:44 PM

Quote from: madhav007 on November 29, 2016, 12:17:17 PM

Quote from: crst on September 10, 2016, 06:13:57 PM

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?

There is a big difference between Bitcoin & real money & that difference makes Bitcoin an important currency. i m giving u an example for that.
u r going to buy something from web & they r asking u for the money. U will pay for that also but that person or merchant will get that money in his account after the bank charge. Bank normally charges 1.5% to 2% for that transaction if it is in Dollars from both sides but if u r paying in Dollars & that merchant receives in other currency in his account he has to pay the charge & the difference of the currency. Like u pay in Dollars & that merchant sales in Euro or Pound. u have to pay conversation charge & even that merchant also has to pay the same.
But in Bitcoin there is no charge for that conversion Because both side the currency is same.
so neither u nor that merchant has to pay extra amount for that. I can say this because many times i have paid this conversation charges & it costs a lot to me. almost 10% of my pay goes to bank.
Now a days many companies & websites accept Bitcoin as currency for on line transactions & their main reason this only. No matter in which country u live or whatever is your currency & their conversion ratio or conversion charge. u have to just pay whatever amount they charge in Bitcoin & pay. That's all. Its as simple & easy as u do transaction with your local merchant or trader. Even nobody has to pay any big charge to the bank for the conversation real money to Bitcoin & Bitcoin to real money.
For me its more easy than it. even u can buy Bitcoins from your linked bank account from your mobile & same u can en cash also. U have to just give a try for the first time then u will enjoy it.
I think all of your questions I have answered.

Using bitcoin we can avoid bank charges, this is just one of the many advantages you get from using bitcoin. The most important on why I use bitcoin is because it can gain lot value in future as it is few in number compared to government backed currencies. Bitcoin is digital gold and it will keep appreciating in value.

I agree but we can't escape the third party processing charges when we convert our bitcoin to cash. We all know that stores that accept bitcoin is few, especially in local markets, we can hardly find one. So in order to take the profit and use it , we need to convert it back to currency.

Quote from: just_Alice on December 02, 2016, 01:20:30 PM

Quote from: Hatuferu on November 30, 2016, 01:11:16 PM

They are actually all money but the big difference is Bitcoin the users are few while money we all use it. In the current situation only money is legal while bitcoin is not legal in some countries, so basically you can see that bitcoin is weaker compared to real money.

I disagree. First, there are only a few countries where Bitcoin is illegal right now. Second, we all can use Bitcoin, but we can't use other currencies except for our national currency. The main difference between Bitcoin and "real money" is that Bitcoin is rising with time and those "real money" are falling in their purchasing ability.

Even if few countries are banning bitcoin, you can see that there are less than 10% of the population who is using bitcoin. Check your neighborhood and asked them about bitcoin or check if they use it. I bet only you or maybe a dozen more is using bitcoin. Or should I say, real money is widely use while bitcoin, though used internationally, are just being used by minority.