How do Bitcoins really circulate into users?

[1enterthebtc]

I think OP is talking about market penetration. How we can expand this.

[Omega Weapon]

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.

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.

[aardvark15]

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.

[Yakamoto]

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.

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.

Yeah, it's a pretty obscure question, but I would assume you have the right answer. Bitcoin moves by people buying and selling goods and services, and that is just like how any other currency circulates within an area.

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.

[nara1892]

circulate in country Bitcoin is countryless... circulates in blockchain, not any country, you got all mixed up

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.

[Positid]

circulate in country Bitcoin is countryless... circulates in blockchain, not any country, you got all mixed up

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.

We don't even know what country has the most users of bitcoin, it connects us which makes our life easy when transacting online. We have equal opportunity here because it's decentralized (fair).

[HanSchultz]

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.

what was that again  bitcoin is popular because of its demand and so does the price increase.How does real money circulate as tax ? what is real life circulation  ? Bitcoin is a decentralized p2p token which can be exchanged for cash 

[Omega Weapon]

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.

[CyberKuro]

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 is totally different compares to real money, include how bitcoin circulate among the users through blockchain technology.
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
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.

[merchantofzeny]

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.

[ReLieD]

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

[YuginKadoya]

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

[Przemax]

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.

[Mometaskers]

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.

[whizter]

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.

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.

[Ryan Dugan]

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.

[valley365]

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.

[geopolisch]

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 .

[mrkevio]

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.

[Positid]

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.

Not worth of your time, while you are earning in the crypto world, you must mature also. The best way to earn big is when you are ready to risk money to earn money.