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Title: How do Bitcoins really circulate into users? Post by: FlightyPouch on December 03, 2016, 11:21:19 PM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir?
Thank you. Title: Re: How do Bitcoins really circulate in a country? Post by: 5dollarbill on December 03, 2016, 11:45:07 PM circulate in country ??? Bitcoin is countryless... circulates in blockchain, not any country, you got all mixed up :D
Title: Re: How do Bitcoins really circulate in a country? Post by: ArcCsch on December 04, 2016, 12:56:10 AM I think the question is about whether bitcoin actually circulates, or whether it is only kept as an investment.
I feel like bitcoin has to much speculation per unit circulation, this is what causes the value to fluctuate so much. I hope it will be more stable when more merchants start to accept it. Also, many merchants accept it but don't actually care about its future, the cash it immediately and dump it on the market, those imposters can be recognized by their links to coinbase or xapo. Title: Re: How do Bitcoins really circulate in a country? Post by: grim007 on December 04, 2016, 01:01:07 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate one country? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. There is still no tax in bitcoin as far as I know. There is transaction fees but minimal only depending on the values need to trade or to invest. It circulates only on the investing, trading and gambling sites. But soon it will be like a real money when there is a lot of shops that accepts btc. But now there is an easy process of cashing out so it still seems a real money. Title: Re: How do Bitcoins really circulate in a country? Post by: zahra4577 on December 04, 2016, 01:04:58 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate one country? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Your question is very unclear maybe because English is not your first language.Thank you. You may try to find a local forum for your language and post the question there if you want. Coming back to your question. I think you want to know how bitcoin works in a particular country and if it is taxable or not. Bitcoin, as other say, is free from boundary and works exactly same everywhere. As for whether it is taxable, this is something not related to bitcoin and differ from country to country Title: Re: How do Bitcoins really circulate in a country? Post by: ethereumhunter on December 04, 2016, 02:10:38 AM maybe the OP want to ask about how bitcoin is really use in a country and is it bitcoin like money which is use by most people in a country? but i thought that the OP is still confusing about this, and maybe he needs to read more about bitcoin and understand about what is bitcoin so he can know exactly what he want to ask.
Title: Re: How do Bitcoins really circulate in a country? Post by: Slark on December 04, 2016, 02:33:18 AM Every time when questions like: how many people use or hold bitcoin or how many coins is already lost/misplaced we can't have definitive answer.
It is the same with Op's question - there is no way to determine whether circulation of bitcoin in specific country - we could only speculate on that. Maybe we will be able to tell in the future when IRS will enforce some kind of harsh bitcoin tax policy and BTC transactions will be reported. Title: Re: How do Bitcoins really circulate in a country? Post by: TastyChillySauce00 on December 04, 2016, 02:37:28 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate one country? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. There is still no tax in bitcoin as far as I know. There is transaction fees but minimal only depending on the values need to trade or to invest. It circulates only on the investing, trading and gambling sites. But soon it will be like a real money when there is a lot of shops that accepts btc. But now there is an easy process of cashing out so it still seems a real money. Title: Re: How do Bitcoins really circulate in a country? Post by: MingLee on December 04, 2016, 02:44:03 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate one country? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Bitcoin would circulate like anything else would, presumably. Someone who has it distributes it to others via paying for goods, services, etc. That is then taken by the people who earn it and distributed to others through purchases, and so on and so forth.Thank you. Technically Bitcoin is a more global and easily distributed currency, so it can take a while for it to circulate in a local area, in its current state. Title: Re: How do Bitcoins really circulate in a country? Post by: Catmony on December 04, 2016, 02:45:52 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate one country? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? To circulate bitcoin doesn't need any approval from government but to get it accepted in local merchants/store government need to declare it as accepted form of currency which is happening in many countries. Thank you. circulate as a tax? Title: Re: How do Bitcoins really circulate in a country? Post by: Rahar02 on December 04, 2016, 03:10:08 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate one country? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? To circulate bitcoin doesn't need any approval from government but to get it accepted in local merchants/store government need to declare it as accepted form of currency which is happening in many countries. Thank you. circulate as a tax? Title: Re: How do Bitcoins really circulate in a country? Post by: Yuuto on December 04, 2016, 03:57:28 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate one country? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. What do you mean, circulate as a tax. Bitcoin is a currency that can be circulated all across the globe. It already is. Just look at the full sized blocks that are mined every single day, from blockchain.info ;) Tax cannot be circulated, only currency or goods, or services can. Title: Re: How do Bitcoins really circulate in a country? Post by: FaucetRank.com on December 04, 2016, 04:18:35 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate one country? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? I think you want to ask how do countries consider Bitcoin? Do countries consider Bitcoin as real money or as an asset/good. I think most countries thinks that Bitcoin is valuable digital good only, which can be used for payment/receipt on any online store. As soon as more people uses Bitcoin than it'll start replacing the real money then it will remain no more a good but it will be know as real money.Thank you. Title: Re: How do Bitcoins really circulate in a country? Post by: pooya87 on December 04, 2016, 05:54:15 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate one country? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. are you talking about "regulations" or "circulation"? regulation is where taxes come in and it has not yet happened in many countries as they continue to treat bitcoin as something not so many people use so there is no point in setting up laws about it. circulation is about how you spend and use bitcoin and how it moves from hand to hand and that is not restricted to one country because bitcoin is global and decentralized. Title: Re: How do Bitcoins really circulate in a country? Post by: DimensionZ on December 04, 2016, 06:53:56 AM Bitcoin doesn't circulate like fiat money does. It only changes hands and stops right there. People who have received Bitcoins are not going to spend the same Bitcoins. They are going to exchange the coins for fiat. And that's it - the cycle is done and the next cycle will begin. Bitcoin is not mainstream money, it's digital tokens.
Title: Re: How do Bitcoins really circulate in a country? Post by: ArcCsch on December 04, 2016, 06:57:49 AM Bitcoin doesn't circulate like fiat money does. It only changes hands and stops right there. People who have received Bitcoins are not going to spend the same Bitcoins. They are going to exchange the coins for fiat. And that's it - the cycle is done and the next cycle will begin. Bitcoin is not mainstream money, it's digital tokens. With bitcoin only seven years old, what do you expect?Title: Re: How do Bitcoins really circulate in a country? Post by: FlightyPouch on December 04, 2016, 07:07:52 AM circulate in country ??? Bitcoin is countryless... circulates in blockchain, not any country, you got all mixed up :D Sorry, I think i have a wrong question. Its not the country but how bitcoins circulate into the users. How do bitcoins made and then spent..Title: Re: How do Bitcoins really circulate in a country? Post by: FlightyPouch on December 04, 2016, 07:10:07 AM I think the question is about whether bitcoin actually circulates, or whether it is only kept as an investment. Thats whatbI mean sir. Thank you for understanding.I feel like bitcoin has to much speculation per unit circulation, this is what causes the value to fluctuate so much. I hope it will be more stable when more merchants start to accept it. Also, many merchants accept it but don't actually care about its future, the cash it immediately and dump it on the market, those imposters can be recognized by their links to coinbase or xapo. Title: Re: How do Bitcoins really circulate in a country? Post by: FlightyPouch on December 04, 2016, 07:13:24 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate one country? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Your question is very unclear maybe because English is not your first language.Thank you. You may try to find a local forum for your language and post the question there if you want. Coming back to your question. I think you want to know how bitcoin works in a particular country and if it is taxable or not. Bitcoin, as other say, is free from boundary and works exactly same everywhere. As for whether it is taxable, this is something not related to bitcoin and differ from country to country Title: Re: How do Bitcoins really circulate into users? Post by: Fraxinus on December 04, 2016, 07:15:20 AM Well,BTC is limited unlike cash,which can be printed and there is no limit there and because of this fact BTC doesn't circulate that much,however the idea is the same-people paying with BTC,then someone selling BTC to another person and so on.It's really that simple,there is nothing new compared to cash and the concept is absolutely the same really.That's what makes BTC relatable.
Title: Re: How do Bitcoins really circulate into users? Post by: amacar2 on December 04, 2016, 07:22:45 AM Does it circulate like a real money that circulate as a tax. Bitcoin circulate like digital money not like real paper cash and also bitcoin are not subject to tax or it is very hard to impose tax on bitcoin transactions.However some countries already have started taking tax on bitcoin trading in local exchanger and also they are trying to add more regulation on bitcoin trading platforms so that they can collect more tax. Title: Re: How do Bitcoins really circulate into users? Post by: davis196 on December 04, 2016, 07:26:12 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. What do you mean by "real money that circulate as a tax"? You can buy goods and services with bitcoins,you can use btc for gambling.It`s like real money. Why are you asking this question? Title: Re: How do Bitcoins really circulate into users? Post by: FlightyPouch on December 04, 2016, 08:05:45 AM Well,BTC is limited unlike cash,which can be printed and there is no limit there and because of this fact BTC doesn't circulate that much,however the idea is the same-people paying with BTC,then someone selling BTC to another person and so on.It's really that simple,there is nothing new compared to cash and the concept is absolutely the same really.That's what makes BTC relatable. but how about making them? As far as I know. Real money is made by paying real money too. Is bitcoin the same that, new bitcoins are released by bitcoins too? Or maybe some of the are converted from real money to Bitcoins? From trading maybe??Title: Re: How do Bitcoins really circulate into users? Post by: FlightyPouch on December 04, 2016, 08:08:59 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. What do you mean by "real money that circulate as a tax"? You can buy goods and services with bitcoins,you can use btc for gambling.It`s like real money. Why are you asking this question? Title: Re: How do Bitcoins really circulate in a country? Post by: DimensionZ on December 04, 2016, 08:22:39 AM Bitcoin doesn't circulate like fiat money does. It only changes hands and stops right there. People who have received Bitcoins are not going to spend the same Bitcoins. They are going to exchange the coins for fiat. And that's it - the cycle is done and the next cycle will begin. Bitcoin is not mainstream money, it's digital tokens. With bitcoin only seven years old, what do you expect?If nothing changes it will be the same in 50 years from now. What do you expect to happen to Bitcoin in the future? Bitcoin could be dead in 10 years or 20 years. There is a sub-forum about Speculation and you could propose your futuristic theories there but at the present time Bitcoin is not mainstream money. Title: Re: How do Bitcoins really circulate into users? Post by: dothebeats on December 04, 2016, 08:32:34 AM I have a feeling that bitcoins doesn't really circulate in the economy. Most of the time, bitcoin is being kept by hoarders expecting for a price increase. Because of that, only a fraction of the available coins are in circulation; ret are kept on cold storages.
Title: Re: How do Bitcoins really circulate into users? Post by: Creepings on December 04, 2016, 08:40:35 AM I have a feeling that bitcoins doesn't really circulate in the economy. Most of the time, bitcoin is being kept by hoarders expecting for a price increase. Because of that, only a fraction of the available coins are in circulation; ret are kept on cold storages. That explains why some of the users here is pissed everytime the bitcoins price are changed. I was introduced to thos forum so I can make some money to help me from my studies, financially. Maybe I need saome time to get my rank high, and to earn some money.Title: Re: How do Bitcoins really circulate into users? Post by: n0ne on December 04, 2016, 08:40:54 AM Bitcoin is same as the traditional currency, only the form varies. Bitcoin cannot be used physical which is the cause for decreased circulation. The circulation means the direct usage for our regular needs as well for transaction needs.
Title: Re: How do Bitcoins really circulate into users? Post by: Shiroslullaby on December 04, 2016, 08:47:45 AM I have a feeling that bitcoins doesn't really circulate in the economy. Most of the time, bitcoin is being kept by hoarders expecting for a price increase. Because of that, only a fraction of the available coins are in circulation; ret are kept on cold storages. I don't know if there is any way to get this kind of information, but I would be willing to bet a lot of coins haven't moved wallets in a long time. (Maybe you can get stats about the total available bitcoins, versus the amount of transactions per day and average transaction amount and get a rough estimate.) Most Bitcoin owners are just sitting with coins either in wallets or on some kind of exchange. If we want to create more users and increase the price of BTC, this will have to change. Bitcoin needs to actually be used to purchase goods, transferred back and forth between people, if we want it to expand and become more popular. Title: Re: How do Bitcoins really circulate into users? Post by: lionheart78 on December 04, 2016, 09:06:51 AM I think bitcoin circulate in one country through the users that are base in that country. Like for example, bitcoin was mined by miner from A country, this miner then sell their bitcoin to exchanges. Then a buyer from B country buy bitcoin and withdraw it to some exchange to trade or buy altcoin, or withdraw it to use to buy in some local online market. Then with this, there is a change in the hand of bitcoin that is within B country. Then the owner of the online store will then convert it to fiat currency where the bitcoin can be bought by either A, B or C country. IF C Country bought it, then it exits the bitcoin circulation of B country.
Title: Re: How do Bitcoins really circulate into users? Post by: BingoDog on December 04, 2016, 10:35:23 AM Bitcoin is borderless, it's not limited to only one country or few countries and that is one of its best advantages. It's not printed phisical, paper money, it's not depending on any bank so it has no limits in circulating, it's going around through the virtual world and it's available to everyone.
Title: Re: How do Bitcoins really circulate into users? Post by: 20kevin20 on December 04, 2016, 10:41:32 AM Bitcoins do not circulate through governments or something similar. They do not work like real money, you got freedom here. They can be sent from a person to another without the government's knowledge, without anybody else knowing about it. You're being your own bank. Except transaction fees, there are no taxes.
Title: Re: How do Bitcoins really circulate into users? Post by: Taki on December 04, 2016, 10:44:37 AM Bitcoin circulate between users as any other currencies. Sending, selling, buying, paying taxes and ect. Nothing special, just all operations are provided through the internet and without papers. I think bitcoin is our future and soon such thing as bitcoin will be normal not just to a little percent of people as today, but everybody will use it.
Title: Re: How do Bitcoins really circulate in a country? Post by: Soros Shorts on December 04, 2016, 11:46:55 AM Also, many merchants accept it but don't actually care about its future, the cash it immediately and dump it on the market, those imposters can be recognized by their links to coinbase or xapo. Well merchants dumping coins on coinbase or xapo is part of the flow or circulation. While this lowers the price it makes coins available for other people to buy from these exchanges. You can't really expect businesses, whose core competency is not virtual currency speculation, to hold their operating capital in an asset that fluctuates wildly. That is taking on added risk. In the extreme case, the fact that they could profit greatly if Bitcoin goes up does not negate the fact that they could also get wiped out if Bitcoin goes down. I wouldn't call these businesses imposters. Title: Re: How do Bitcoins really circulate into users? Post by: jacafbiz on December 04, 2016, 11:55:30 AM Bitcoin is a boarderless currency. It is generated/mined buy miner and the market sell their coin to the market and let demand and supply control the movement just the way Gold works the only difference is that Gold can be mined from several places where it is found.
Title: Re: How do Bitcoins really circulate in a country? Post by: buwaytress on December 04, 2016, 12:01:43 PM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate one country? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Bitcoin would circulate like anything else would, presumably. Someone who has it distributes it to others via paying for goods, services, etc. That is then taken by the people who earn it and distributed to others through purchases, and so on and so forth.Thank you. Technically Bitcoin is a more global and easily distributed currency, so it can take a while for it to circulate in a local area, in its current state. Technically is the operative word here. Unfortunately, cryptocurrency isn't centralised so it did not circulate the way fiat normally does at inception. Once a fiat currency starts inception, the regulating govt through central banks distribute it. Examples to banks to circulate our wages, merchants to use for trade. Minting is also centralised so all new fiat is created centrally. Issue now with bitcoin is the ones with tech to create it are hoarding. And only selling to those who eventually circulate. Title: Re: How do Bitcoins really circulate into users? Post by: ardentvolcanoes on December 04, 2016, 12:09:09 PM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. I think yes, in my own opinion bitcoin circulates like a real money does and taxes are represented by transaction fee but the difference is that the government does not imposed a tax to any user for owning a bitcoin and bitcoin is not the same as fiat which is only printed on a paper and is only circulated in only one country. Title: Re: How do Bitcoins really circulate into users? Post by: ged00u on December 04, 2016, 12:51:52 PM First of all, bitcoin is not regulated by any government or controlled by anyone, so it's no need for taxes. Try to think of this, if you had to pay tax for bitcoin, where would the tax go? Have you ever wondered where on earth those fees go ;D So I think that bitcoin doesn't have tax and I hope it won't have to.
Title: Re: How do Bitcoins really circulate into users? Post by: Zadicar on December 04, 2016, 01:07:30 PM Bitcoin circulate between users as any other currencies. Sending, selling, buying, paying taxes and ect. Nothing special, just all operations are provided through the internet and without papers. I think bitcoin is our future and soon such thing as bitcoin will be normal not just to a little percent of people as today, but everybody will use it. I don't think that taxes are already available with bitcoins as there is no country that is taxing bitcoins. I can see the possible taxation will happen soon with US and coinbase will be the first to implement with that law. Also another way to circulate bitcoins is with the transaction fees that we are paying when we are sending bitcoins to other users. Yes its not possible for bitcoin to be taxed by government but im quiet shocked regarding on that news which US government would impose tax especially to those who uses coinbase.I dont know on how they would implement it because we know bitcoin cant be taxed and for sure no users will use coinbase because of tax actually there are lots wallet to choose from i think it would be useless. Regarding on the circulation,its not the same on fiat. Title: Re: How do Bitcoins really circulate into users? Post by: calkob on December 04, 2016, 01:23:48 PM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. I dont really understand your question fully but i think you are asking how to get bitcoins? Bitcoins are either purchased from others at exchanges or you can earn them like any other currency by performing a task or carrying out work related tasks. Title: Re: How do Bitcoins really circulate into users? Post by: Shenzou on December 04, 2016, 04:30:03 PM If you are asking how does the bitcoin move in the internet than the answer is that bitcoin is sold and bought like any other product in the word , think of bitcoin as a god it is mined by miners then sold for a certain amount of money that is constantly changing which is then divided between many people and for various purposes.
Title: Re: How do Bitcoins really circulate into users? Post by: crwth on December 04, 2016, 05:01:58 PM It does circulate but not very much. As far as I know, there are a lot of people who just keeps Bitcoin hoping to get the price even higher then sell it at that price.
It circulates when there are Bitcoin payments, of course. The following transactions can be seen in the blockchain. Title: Re: How do Bitcoins really circulate into users? Post by: kryptqnick on December 04, 2016, 06:14:01 PM I am not sure what is this question about. Bitcoin does circulate, because every day there are people buying something using Bitcoin or sending someone btc as a salary. I think that mostly people actually use btc, not keep them. How do they send money? Well, I guess the blockchain system is making it all possible. Transaction fee is 20 000 satoshi and there are no additional taxes yet.
Title: Re: How do Bitcoins really circulate into users? Post by: billybobmaryjoe on December 07, 2016, 12:00:43 AM They began originally by being mined. Then trade on exchanges. If I understand the question
Title: Re: How do Bitcoins really circulate into users? Post by: ufaiz50 on December 07, 2016, 01:12:33 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? the new Bitcoin was created by a process called "mining". the miner uses a sophisticated computer to decipher the complex mathematics to find a new block Bitcoin, as a reward the finder will be rewarded with a number of bitcoin. prize per the discovery of one block originally there were 50 BTC, now 25 BTC / block, the next will continue to decrease accompanied by bertambahkan circulation Bitcoin.Thank you. I hope this can help you Title: Re: How do Bitcoins really circulate into users? Post by: ArcCsch on December 07, 2016, 01:16:17 AM now 25 BTC / block Out of date, it has been 12.5 for a while already.Title: Re: How do Bitcoins really circulate into users? Post by: Pursuer on December 07, 2016, 08:02:08 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? the new Bitcoin was created by a process called "mining". the miner uses a sophisticated computer to decipher the complex mathematics to find a new block Bitcoin, as a reward the finder will be rewarded with a number of bitcoin. prize per the discovery of one block originally there were 50 BTC, now 25 BTC / block, the next will continue to decrease accompanied by bertambahkan circulation Bitcoin.Thank you. I hope this can help you what you are explaining is the new coins that are created and it is related to inflation of bitcoin not the circulation that OP is talking about. circulation is the change of bitcoins from hand to hand as people spend or trade bitcoin. also as my above comment explained the reward is currently 12.5BTC it changed a couple of months back. Title: Re: How do Bitcoins really circulate into users? Post by: Positid on December 07, 2016, 08:15:34 AM The number of circulation is primarily base on the demand, when people want to use bitcoin because they want to use it as currency to be able to transaction online then it would create a bigger circulation. It can be possible if there are big merchants, or businesses where products and services are in demand and if they are accept and support bitcoin as well.
Title: Re: How do Bitcoins really circulate into users? Post by: olubams on December 07, 2016, 08:41:41 AM In my own explanation from basic economics its just on like FIAT if it is printed by the Central Bank in this case Bitcoin is created by the miners. So when this is achieved it is then sent into circulation in the case of FIAT, by paying contractors or paying salaries and the likes. Back to Bitcoin when it is created, then the reward to miners can now be sold to someone then it moves from there to another person who might need it to pay for services like signature campaigns among others then it goes down in Bit to the individual levels...
Title: Re: How do Bitcoins really circulate into users? Post by: btcdiggingmaster on December 07, 2016, 08:57:42 AM You question is not proper my friend these is not fiat currency to circulate between the hands, bitcoin is not small network completely ruin by the blockchain. You can easily find the transaction ( circulation) in blockchain itself. Even many people are buying and selling bitcoin in this way bitcoin is circulating from different of the world.
Title: Re: How do Bitcoins really circulate into users? Post by: Napole0n on December 07, 2016, 09:18:14 AM the best way is to ensure that users are users who are active so they will also introduce bitcoin to familiar peoples like friends or family. If peoples the more familiar bitcoin then circulate or distribution of bitcoin is getting better.
Title: Re: How do Bitcoins really circulate into users? Post by: Xester on December 07, 2016, 12:40:32 PM Bitcoin circulation to users is different with money. Since bitcoin is free from taxation and at the same time it is volatile. Another thing when bitcoin is passed to another user as payment, salary, fee or any other uses there are processes that needs confirmation unlike fiat money that you just give to someone then transaction is finished. Bitcoin circulation is more complicated than money .
Title: Re: How do Bitcoins really circulate into users? Post by: ethereumhunter on December 07, 2016, 01:59:44 PM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. What do you mean by "real money that circulate as a tax"? You can buy goods and services with bitcoins,you can use btc for gambling.It`s like real money. Why are you asking this question? what happen with bitcoin is, bitcoin is being trade with fiat and altcoin and for some people, they hold it in their wallet and waiting for high price and then they can sell it to get profit and after that, they withdraw their bitcoin into fiat. Title: Re: How do Bitcoins really circulate in a country? Post by: kidoseagle0312 on December 08, 2016, 07:28:11 AM I think the question is about whether bitcoin actually circulates, or whether it is only kept as an investment. I feel like bitcoin has to much speculation per unit circulation, this is what causes the value to fluctuate so much. I hope it will be more stable when more merchants start to accept it. Also, many merchants accept it but don't actually care about its future, the cash it immediately and dump it on the market, those imposters can be recognized by their links to coinbase or xapo. I think you have a point on that, I never thought that most of the merchant don't care about its future, all they wanted is how the masses adopting it so quickly. So I agreed with your thoughts. Title: Re: How do Bitcoins really circulate into users? Post by: stark101 on December 08, 2016, 03:46:17 PM We all know that bitcoin is becoming the most popular cryptocurrency in the world and it is more progressive, so in this some reasons, people will also used bitcoin in every single day because of its price increasingly and bitcoins transaction is broadcast already via network in the world. And also bitcoin really circulate the users for the reason that bitcoins can be used in such many ways like it allows users to transact without any hassle and no fees.
Title: Re: How do Bitcoins really circulate into users? Post by: Wandering Soul~ on December 08, 2016, 04:00:48 PM Bitcoin is a money too so it circulates and just to be clear it doesn't have a tax just a miners fee but the fee is very cheap and low so it is mostly unnoticed .
So you're asking how it circulates? Since bitcoin has a limited number of merchants accepting it, It circulates mostly in trading, gambling and a peer to peer transaction . You're question is not very clear so I just based it in what the title says, Hope I got it right . Title: Re: How do Bitcoins really circulate into users? Post by: SvenBomvolen on December 08, 2016, 04:04:45 PM How its made, interesting serial on discovery channel. How money circulate, how one government print money and then distribute cash?
Bitcoin also need to be born, miners do most of the job here, then they sell it, some people buy it and pay workers with that, or it's been used for campaigns here, then we spent that bitcoins, its a circle. Title: Re: How do Bitcoins really circulate into users? Post by: sportis on December 08, 2016, 04:22:48 PM Bitcoin is like fiat money but with a significant difference. There is no government to print and control the circulation of money and there are not banks to keep your savings, giving loans or whatever a bank is doing. Miners take as reward and transaction fees bitcoins and they exchange it all or a part of it with fiat money. Other users buy/sell bitcoins in exchange markets too. Merchants sell goods and they payed with bitcoins and freelancers accept bitcoins when they provide their services like as fiat money. This is a simple more or less explanation how bitcoins are circulate between people.
Title: Re: How do Bitcoins really circulate into users? Post by: Tanic on December 12, 2016, 03:36:42 PM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. Yes. That's right. But it's hard to circulate to bitcoin in life world. Most of operations and circulations are provided through the internet. Title: Re: How do Bitcoins really circulate into users? Post by: Juggy777 on December 12, 2016, 04:12:46 PM Op Bitcoin is not distributed, it is a decentralised currency and people only exchange them via blockchain or via wallets like coinbase. It is paperless and needs no distribution center. Someone really given you bad information about Bitcoins, I would advise you to read and make informed choices.
Title: Re: How do Bitcoins really circulate into users? Post by: 1enterthebtc on December 12, 2016, 11:12:07 PM I think OP is talking about market penetration. How we can expand this.
Title: Re: How do Bitcoins really circulate into users? Post by: Omega Weapon on December 12, 2016, 11:26:32 PM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? The question is a not very clear, but bitcoin circulates with an adequate speed, if it didn't the value of bitcoin will be zero since that is not the case then bitcoin is circulating freely among its user base, and about the tax bitcoin is not currently taxed.Thank you. Title: Re: How do Bitcoins really circulate into users? Post by: aardvark15 on December 13, 2016, 12:07:46 AM Bitcoin only circulates through transfers from one address to another. The recipient has to have a Bitcoin address in order to receive them. Miners also gain Bitcoins through the mining process.
Title: Re: How do Bitcoins really circulate into users? Post by: Yakamoto on December 13, 2016, 12:37:17 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? The question is a not very clear, but bitcoin circulates with an adequate speed, if it didn't the value of bitcoin will be zero since that is not the case then bitcoin is circulating freely among its user base, and about the tax bitcoin is not currently taxed.Thank you. As for there being taxes, however, those certainly exist. Miners' fees are taxes, and anything else that requires even some sort of contribution is also a tax. Title: Re: How do Bitcoins really circulate in a country? Post by: nara1892 on December 13, 2016, 01:22:10 AM circulate in country ??? Bitcoin is countryless... circulates in blockchain, not any country, you got all mixed up :D that is right. no country circulates bitcoin, but it is circulated in blockchain. this money is not like fiat. it is "free" from a country's role. bitcoin is also not like a tax. it only has the so-called fees which we have to pay in order to send bitcoin to another wallet. Title: Re: How do Bitcoins really circulate in a country? Post by: Positid on December 13, 2016, 02:24:58 AM circulate in country ??? Bitcoin is countryless... circulates in blockchain, not any country, you got all mixed up :D that is right. no country circulates bitcoin, but it is circulated in blockchain. this money is not like fiat. it is "free" from a country's role. bitcoin is also not like a tax. it only has the so-called fees which we have to pay in order to send bitcoin to another wallet. Title: Re: How do Bitcoins really circulate into users? Post by: HanSchultz on December 13, 2016, 10:32:25 PM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. Yes. That's right. But it's hard to circulate to bitcoin in life world. Most of operations and circulations are provided through the internet. Title: Re: How do Bitcoins really circulate into users? Post by: Omega Weapon on December 14, 2016, 04:03:55 AM Bitcoin only circulates through transfers from one address to another. The recipient has to have a Bitcoin address in order to receive them. Miners also gain Bitcoins through the mining process. In fact that is not the only way, if you have an usb with a wallet with 50 dollars and what you wanted to buy has a price of 50 dollars you could in theory just hand out the usb to the seller, that way a trade took place but there is no record of it in the blockchain.Title: Re: How do Bitcoins really circulate into users? Post by: CyberKuro on December 14, 2016, 06:49:19 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Bitcoin is totally different compares to real money, include how bitcoin circulate among the users through blockchain technology.Thank you. Firstly, bitcoin come into existence through a process called mining and they who do that called miners. Now, There are more than 16.042.125 bitcoins in circulation. Here the link (https://blockchain.info/charts/total-bitcoins) Bitcoin transaction is a transfer of bitcoin value that is broadcast to the network and collected into blocks in blockchain by miners and as the reward, miners get new generate bitcoin. People buy bitcoin from the miners and exchanges (by trading), that's how bitcoin circulate into users. Title: Re: How do Bitcoins really circulate into users? Post by: merchantofzeny on December 28, 2016, 06:53:54 AM I'm also a newbie to bitcoin but it seems the circulation is by far the simplest aspect of it. Miners mine it, sell it to people, people use it for transactions. The limited amount of btc able to be mined makes it more like gold rather than paper fiat.
It will remain useful as long as people maintain an interest in it. Provided people are still interested by the time the last bitcoin is mined, I think it would be more used for transactions rather than investment (prices might still rise after maxed amount is reached though). As for miners, they'd be making their money more from transaction fees so the number of people using bitcoin could be a concern for them. Title: Re: How do Bitcoins really circulate into users? Post by: ReLieD on December 28, 2016, 02:48:02 PM Like there are many ways through which bitcoins are circulated. People might use it for online shopping. But most of them think that they don't have to pay taxes while making transactions using bitcoins. But the fact is that they don't fucking know that they are made to pay taxes. Well this was just to clear things out. Rest is upon you people. So yeah there are many ways to spend bitcoins
Title: Re: How do Bitcoins really circulate into users? Post by: YuginKadoya on December 28, 2016, 03:26:22 PM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. Well It is really hard to explained how bitcoin works just like the could it is a mystery! but seriously bitcoin circulation from other users by mining them, that is the stone age in gaining bitcoin, but over the years bitcoin has become big and now had faucets that lets newbies had an opening in learning how bitcoin circulates other methods have surface including Sig campaign, gambling, trading, and so on but tax is not involve with bitcoin because it is free from the network of other currencies Title: Re: How do Bitcoins really circulate into users? Post by: Przemax on December 28, 2016, 09:06:10 PM You seem to forget that many of those satoshis on wallets are forgotten. Wallets are lost and so are bitcoins in them. That results in shortage in supply. I would say that more bitcoins are lost then they are mined. And there are a lot of people that will not give up their bitcoins making artificial scarcity even bigger.
Thats self fulfiling prophecy that could make bitcoins worth anything realy. The price is and will be crazy because of that. Title: Re: How do Bitcoins really circulate into users? Post by: Mometaskers on December 30, 2016, 03:14:21 PM It circulate like real money. It is sort of "minted" by the miners who obtain them by solving mathematical problems. These btc they earned are then sold to people and that's when it start circulating.
Needless to say, it's the demand that causes the price to rise. It started low but as people started getting more into it, the price started to increase. This is further compounded by bitcoins being lost in wallets, satoshis being forgotten in faucets and the amount of bitcoin being mined decreasing over time. Title: Re: How do Bitcoins really circulate into users? Post by: whizter on December 30, 2016, 07:44:08 PM It circulate like real money. It is sort of "minted" by the miners who obtain them by solving mathematical problems. These btc they earned are then sold to people and that's when it start circulating. i think there are two possible ways of circulating bitcoin in countries. one is that people use it onlie for shopping and the second is that the sell it in exchange and then people from the other countries may buy it. Needless to say, it's the demand that causes the price to rise. It started low but as people started getting more into it, the price started to increase. This is further compounded by bitcoins being lost in wallets, satoshis being forgotten in faucets and the amount of bitcoin being mined decreasing over time. Title: Re: How do Bitcoins really circulate into users? Post by: Ryan Dugan on December 30, 2016, 11:12:37 PM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. Hmmm??? Its circulated just like a not being else is.... Through trade.... Dude.... Your questions... I really think you should go do some research and look at what bitcoin actually is. Title: Re: How do Bitcoins really circulate into users? Post by: valley365 on December 30, 2016, 11:48:56 PM I guess the OP's question is how ordinary people gets bitcoins and how they spend them? well you get bitcoins by purchasing or mining it, and there are plenty website that accept bitcoin for services and goods.
Title: Re: How do Bitcoins really circulate into users? Post by: geopolisch on January 02, 2017, 07:54:49 PM I guess the OP's question is how ordinary people gets bitcoins and how they spend them? well you get bitcoins by purchasing or mining it, and there are plenty website that accept bitcoin for services and goods. Yes, common people actually get bitcoin either through altcoin mining which sometimes kind of profitable or through getting it through faucets which they don’t pay a lot and they are spammed with ads, or they get through doing some freelancer jobs, where they offer their skills for bitcoin, which is what most people do .Title: Re: How do Bitcoins really circulate into users? Post by: mrkevio on January 02, 2017, 08:20:35 PM I guess the OP's question is how ordinary people gets bitcoins and how they spend them? well you get bitcoins by purchasing or mining it, and there are plenty website that accept bitcoin for services and goods. Yes, common people actually get bitcoin either through altcoin mining which sometimes kind of profitable or through getting it through faucets which they don’t pay a lot and they are spammed with ads, or they get through doing some freelancer jobs, where they offer their skills for bitcoin, which is what most people do .Earning with faucets is impossible right now, especially with the huge price Bitcoin has at the moment. You get under $0.001 per 60 minutes, maybe one or two days. How is that going to offer you any income? You will get like maximum $10 a month for staying 24/7 on a computer. Title: Re: How do Bitcoins really circulate into users? Post by: Positid on January 03, 2017, 08:56:57 AM I guess the OP's question is how ordinary people gets bitcoins and how they spend them? well you get bitcoins by purchasing or mining it, and there are plenty website that accept bitcoin for services and goods. Yes, common people actually get bitcoin either through altcoin mining which sometimes kind of profitable or through getting it through faucets which they don’t pay a lot and they are spammed with ads, or they get through doing some freelancer jobs, where they offer their skills for bitcoin, which is what most people do .Earning with faucets is impossible right now, especially with the huge price Bitcoin has at the moment. You get under $0.001 per 60 minutes, maybe one or two days. How is that going to offer you any income? You will get like maximum $10 a month for staying 24/7 on a computer. Title: Re: How do Bitcoins really circulate into users? Post by: romero121 on January 03, 2017, 09:02:39 AM I guess the OP's question is how ordinary people gets bitcoins and how they spend them? well you get bitcoins by purchasing or mining it, and there are plenty website that accept bitcoin for services and goods. Yes, common people actually get bitcoin either through altcoin mining which sometimes kind of profitable or through getting it through faucets which they don’t pay a lot and they are spammed with ads, or they get through doing some freelancer jobs, where they offer their skills for bitcoin, which is what most people do .Earning with faucets is impossible right now, especially with the huge price Bitcoin has at the moment. You get under $0.001 per 60 minutes, maybe one or two days. How is that going to offer you any income? You will get like maximum $10 a month for staying 24/7 on a computer. As quoted risking money to earn high doesn't make you mature. Investing in the smart way and grabbing the profit makes one mature enough to use bitcoin or other currencies. One won't risk if he didn't have the courage to fail. Title: Re: How do Bitcoins really circulate into users? Post by: zxctrecaaa on January 03, 2017, 09:43:32 AM many are questioning it all, but the influence of other coin and exchange cryptoccurency greatly affect the price of bitcoin, with fixed and intake nilsi the more money the more expensive then bitcoin
Title: Re: How do Bitcoins really circulate into users? Post by: roadbits on January 03, 2017, 10:20:34 AM I guess the OP's question is how ordinary people gets bitcoins and how they spend them? well you get bitcoins by purchasing or mining it, and there are plenty website that accept bitcoin for services and goods. Yes, common people actually get bitcoin either through altcoin mining which sometimes kind of profitable or through getting it through faucets which they don’t pay a lot and they are spammed with ads, or they get through doing some freelancer jobs, where they offer their skills for bitcoin, which is what most people do .Earning with faucets is impossible right now, especially with the huge price Bitcoin has at the moment. You get under $0.001 per 60 minutes, maybe one or two days. How is that going to offer you any income? You will get like maximum $10 a month for staying 24/7 on a computer. As quoted risking money to earn high doesn't make you mature. Investing in the smart way and grabbing the profit makes one mature enough to use bitcoin or other currencies. One won't risk if he didn't have the courage to fail. Title: Re: How do Bitcoins really circulate into users? Post by: crwth on January 03, 2017, 11:17:23 AM What I've recently read that it gives you the authority to control that part of the blockchain if I understand correctly. I know that Bitcoin doesn't leave the system it's just that the key to that part of the blockchain will be given to you and that amount will be credited to you. The best thing is, that it's limited so it soon it will be worth more than you think.
Title: Re: How do Bitcoins really circulate into users? Post by: aardvark15 on January 03, 2017, 11:43:16 AM Miners get paid/awarded in Bitcoins which is how new Bitcoins are created. The only way they get circulated is for miners to sell them on an exchange, use them for purchases, or just transfer them to another address.
Title: Re: How do Bitcoins really circulate into users? Post by: aso118 on January 03, 2017, 01:53:10 PM I guess the OP's question is how ordinary people gets bitcoins and how they spend them? well you get bitcoins by purchasing or mining it, and there are plenty website that accept bitcoin for services and goods. Yes, common people actually get bitcoin either through altcoin mining which sometimes kind of profitable or through getting it through faucets which they don’t pay a lot and they are spammed with ads, or they get through doing some freelancer jobs, where they offer their skills for bitcoin, which is what most people do .Earning with faucets is impossible right now, especially with the huge price Bitcoin has at the moment. You get under $0.001 per 60 minutes, maybe one or two days. How is that going to offer you any income? You will get like maximum $10 a month for staying 24/7 on a computer. Taking risk to earn big is not everybody's cup of tea. Each person has a specific risk tolerance. I am not a big fan of faucets, but there are people who used faucets and then became confident to take bigger steps in the cryptoworld. Title: Re: How do Bitcoins really circulate into users? Post by: Digitalbitcoin on January 03, 2017, 02:22:20 PM Well question !
And its must to know every new one hows it circulated ! Bitcoin i made up of satoshi and if we calculate 1 BTC = 100000000 Satoshi And as every one know how many bitcoin will be generate ? Every bitcoin is made of 100000000 parts whatever mined till dates are circulated person to person only with proper verification which is done by miner. For example if A have 0.05 BTC means he have that much amount only of Bitcoin and when he send to B certain amount from it as 0.03 BTC then that amount just will be pas from A's wallet to B' wallet. In such matter every mined bitcoin is circulated with P2P technology. This technology is made up with blockchain and cryptography. Also use own protocol. Just you need internet access to use this Fintech services. Title: Re: How do Bitcoins really circulate into users? Post by: Tanic on January 03, 2017, 02:51:07 PM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. Temps of bitcoin spreading are growing now. And bitcoin became more known and useful day by day. Bitcoin circulate between users the same way as ordinary money, the easiest system here is seller-buyer. Title: Re: How do Bitcoins really circulate into users? Post by: Creepings on January 20, 2017, 03:08:39 AM Miners get paid/awarded in Bitcoins which is how new Bitcoins are created. The only way they get circulated is for miners to sell them on an exchange, use them for purchases, or just transfer them to another address. Thats a good information I got there. Though my rank is Jr member, i am still new here, so dint mind if ask if how do miners get their pays, i mean do they get a job and being paid, how? Title: Re: How do Bitcoins really circulate into users? Post by: n0ne on January 20, 2017, 07:46:41 AM The miners who are the creators of bitcoin circulates it by trading. Further it moves on similar to the fiat that we use for our daily needs. Bulk circulation occurs during the time of huge volume of fiat transfer in the form of bitcoin. This circulation get decreased when the price falls. To have a sustained value the circulation needs to be good.
Title: Re: How do Bitcoins really circulate into users? Post by: ReLieD on January 20, 2017, 08:17:10 AM I guess you might have heard the word TRADING
One user trades in his bitcoins for some items . The other person will trade that amount / bitcoin for some other item. This process keeps on going and by this i mean that Bitcoin really circulates. Not just crypto currencies , real currencies / paper currencies are also circulated among people. I guess you got your answer. Thanks Title: Re: How do Bitcoins really circulate into users? Post by: frendsento on January 20, 2017, 08:20:38 AM Miners get paid/awarded in Bitcoins which is how new Bitcoins are created. The only way they get circulated is for miners to sell them on an exchange, use them for purchases, or just transfer them to another address. Thats a good information I got there. Though my rank is Jr member, i am still new here, so dint mind if ask if how do miners get their pays, i mean do they get a job and being paid, how? Title: Re: How do Bitcoins really circulate into users? Post by: calkob on January 20, 2017, 10:21:42 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. Bitcoin starts with miners, and they then sell their bitcoin. People that want bitcoin can then earn it, buy it, or be given it. it then circulates in the same way. :) Title: Re: How do Bitcoins really circulate into users? Post by: FlightyPouch on January 20, 2017, 10:38:40 AM Miners get paid/awarded in Bitcoins which is how new Bitcoins are created. The only way they get circulated is for miners to sell them on an exchange, use them for purchases, or just transfer them to another address. Thats a good information I got there. Though my rank is Jr member, i am still new here, so dint mind if ask if how do miners get their pays, i mean do they get a job and being paid, how? Wow, well now, im curious how much bitcoins are this miners get a day or maybe a week. Because if they can circulate a lot of money, then i think that they are earning a lot, is that right? Well i know that others get their Bitcoins through trading, but how much bitcoins miners can get? Title: Re: How do Bitcoins really circulate into users? Post by: Xester on January 20, 2017, 12:48:04 PM I guess the OP's question is how ordinary people gets bitcoins and how they spend them? well you get bitcoins by purchasing or mining it, and there are plenty website that accept bitcoin for services and goods. Yes, common people actually get bitcoin either through altcoin mining which sometimes kind of profitable or through getting it through faucets which they don’t pay a lot and they are spammed with ads, or they get through doing some freelancer jobs, where they offer their skills for bitcoin, which is what most people do .Earning with faucets is impossible right now, especially with the huge price Bitcoin has at the moment. You get under $0.001 per 60 minutes, maybe one or two days. How is that going to offer you any income? You will get like maximum $10 a month for staying 24/7 on a computer. Faucets are now a waste of time but for starters it is a good way to learn how to transact and use bitcoins. I also started with faucets and earn cents a week. But as I gain more knowledge on earning bitcoins I also started upgrading my skills. Right now with online jobs I am earning 240$ monthly. I do not underestimate bitcoin since it is like a testing place for newbies and starters to understand bitcoin and how it is circulated. Title: Re: How do Bitcoins really circulate into users? Post by: Pettuh4 on January 20, 2017, 03:42:45 PM Miners get paid/awarded in Bitcoins which is how new Bitcoins are created. The only way they get circulated is for miners to sell them on an exchange, use them for purchases, or just transfer them to another address. That's correct, they circulate through their usage in purchasing goods and services, for instance I wanted to buy some servers to host a series of websites and the merchant only accepts bitcoins so I inquired further and got all the information about bitcoins before closing the deal on the severs. Indeed it does circulatie through its usage. Title: Re: How do Bitcoins really circulate into users? Post by: canhchuacaro1 on January 24, 2017, 03:27:44 AM It does circulate but not very much. As far as I know, there are a lot of people who just keeps Bitcoin hoping to get the price even higher then sell it at that price.
They began originally by being mined. Then trade on exchanges. It circulates when there are Bitcoin payments, of course. The following transactions can be seen in the blockchain. This process keeps on going and by this i mean that Bitcoin really circulates. Title: Re: How do Bitcoins really circulate into users? Post by: MWesterweele on March 01, 2017, 03:43:17 PM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Thank you. in my opinion it circulates like the way our real currency. when you buy something and you pay for it by using bitcoin its circulates , and when you buy bitcoin it circulates too. I think in trading it happens to, the buying and selling of coins, you need to release and earn it in a vice versa in able to circulates Title: Re: How do Bitcoins really circulate into users? Post by: CROYA86 on March 02, 2017, 04:04:37 AM so users who are looking not bitcoin bitcoin who share
with a system like that then who is diligent in seeking bitcoin he would enjoy it because bitcoin is created with very limited. so bitcoin anyone could have lived them that there is a willingness not to get bitcoin. Title: Re: How do Bitcoins really circulate in a country? Post by: Blackdeath on March 02, 2017, 05:58:13 AM Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate one country? Does it circulate like a real money that circulate as a tax. Can someone explain it sir? Bitcoin would circulate like anything else would, presumably. Someone who has it distributes it to others via paying for goods, services, etc. That is then taken by the people who earn it and distributed to others through purchases, and so on and so forth.Thank you. Technically Bitcoin is a more global and easily distributed currency, so it can take a while for it to circulate in a local area, in its current state. Just like the real money bitcoin circulate in one country by using in some transactions. If one person have bitcoins and then he use it by buying, investment or even trading to other person, the other person will earn it and use it just like what the first person do. He will use it and then the bitcoins that he use will be earn by others and will ise it. In other words, bitcoin circulates just like the real money that a person will use it and the other person will earn it. Because bitcoin is same as real money that are used for bussinesses and other things that able us to live a better life. :) Title: Re: How do Bitcoins really circulate into users? Post by: n0ne on March 02, 2017, 07:27:01 AM As users quoted bitcoin gets circulated same as that our traditional currency moving through various hands. This as a part with the investment option gets hold which doesn't make impacts upon the circulation of bitcoin. From the small range of faucet earning the circulation starts to the high volume transactions that users make.
Title: Re: How do Bitcoins really circulate into users? Post by: Amph on March 02, 2017, 07:31:20 AM As users quoted bitcoin gets circulated same as that our traditional currency moving through various hands. This as a part with the investment option gets hold which doesn't make impacts upon the circulation of bitcoin. From the small range of faucet earning the circulation starts to the high volume transactions that users make. bitcoin actually don't circulate in tha sense, the private case move from oen hand to another, bitcoin are always in the same place, in fact you never move the coin, you only get the access to them with the correct private key think it as a safebox, inside there are the bitcoin(this is the block reward) to open it you need the key, the same with bitcoin, this box can be divided in small box each oen with its own key needed to access to the coins inside Title: Re: How do Bitcoins really circulate into users? Post by: Ipwich on March 02, 2017, 08:09:06 AM As users quoted bitcoin gets circulated same as that our traditional currency moving through various hands. This as a part with the investment option gets hold which doesn't make impacts upon the circulation of bitcoin. From the small range of faucet earning the circulation starts to the high volume transactions that users make. bitcoin actually don't circulate in tha sense, the private case move from oen hand to another, bitcoin are always in the same place, in fact you never move the coin, you only get the access to them with the correct private key think it as a safebox, inside there are the bitcoin(this is the block reward) to open it you need the key, the same with bitcoin, this box can be divided in small box each oen with its own key needed to access to the coins inside Title: Re: How do Bitcoins really circulate into users? Post by: megynacuna on March 02, 2017, 08:30:30 AM Bitcoin circulates in the blockchain through trading and I believe through the daily transactions and blocks solved they are circulated world wide through various wallets.
Title: Re: How do Bitcoins really circulate into users? Post by: FlightyPouch on March 02, 2017, 12:24:04 PM As users quoted bitcoin gets circulated same as that our traditional currency moving through various hands. This as a part with the investment option gets hold which doesn't make impacts upon the circulation of bitcoin. From the small range of faucet earning the circulation starts to the high volume transactions that users make. bitcoin actually don't circulate in tha sense, the private case move from oen hand to another, bitcoin are always in the same place, in fact you never move the coin, you only get the access to them with the correct private key think it as a safebox, inside there are the bitcoin(this is the block reward) to open it you need the key, the same with bitcoin, this box can be divided in small box each oen with its own key needed to access to the coins inside That makes sense, thank you for that explanation, so that means that when we own a bitcoin, though lets say not literally 1 bitcoin, we can accessa part of that coin, it's like renting, hehehe :) Then what happens when, for example I converted bitcoin into fiat, so that part is not now my own, then who will own it? or will it be a bitcoin part that no one owns, Title: Re: How do Bitcoins really circulate into users? Post by: DoublerHunter on March 02, 2017, 01:07:51 PM Bitcoin circulate into users because of the markets that are available online. If a person buy bitcoin then he will go to a market then put deposits then he can buy now bitcoin and that is the same in selling bitcoin he also needed to deposit his bitcoins in a certain trading or exchanger site. Markets are the one who serves as a bridge to help the circulation to continue if people will not go to market then the circulation will stop and the market will be doomed and the prices will be dump hard.
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