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Author Topic: How do Bitcoins really circulate into users?  (Read 4855 times)
n0ne
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March 02, 2017, 07:27:01 AM
 #101

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.

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March 02, 2017, 07:31:20 AM
 #102

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
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March 02, 2017, 08:09:06 AM
 #103

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
But ordinary people like us does not see that way, once we own a certain portion of bitcoin, we feel we have it in our position and we are moving it every time we transacted with other people. Your explanation is an literal understanding and I think what OP meant is the circulation of ownership of bitcoins which is increasing now due to increase of volume of transactions day by day.

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megynacuna
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March 02, 2017, 08:30:30 AM
 #104

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.
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March 02, 2017, 12:24:04 PM
 #105

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 Smiley
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,

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March 02, 2017, 01:07:51 PM
 #106

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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