Topic: How do Bitcoins really circulate into users? (Read 4799 times)
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.
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,
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.
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
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
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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?
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.
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.
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?
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
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
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.
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?
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.
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.
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.
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.
Jump to: