How do Bitcoins really circulate into users? - page 2.

aso118

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Quote from: Positid on January 03, 2017, 03:56:57 AM

Quote from: mrkevio on January 02, 2017, 03:20:35 PM

Quote from: geopolisch on January 02, 2017, 02:54:49 PM

Quote from: valley365 on December 30, 2016, 06:48:56 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.

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.

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.

aardvark15

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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.

crwth

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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.

roadbits

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Quote from: romero121 on January 03, 2017, 04:02:39 AM

Quote from: Positid on January 03, 2017, 03:56:57 AM

Quote from: mrkevio on January 02, 2017, 03:20:35 PM

Quote from: geopolisch on January 02, 2017, 02:54:49 PM

Quote from: valley365 on December 30, 2016, 06:48:56 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.

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.

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.

If you do not risk your money you are the safe person, because you will save your money. If you take a risk and invest money there is possibilities are there to make a profit, or you may lose you all money. I will get bitcoin from skill games means sports betting and in another way signature campaign. Also investing the best way to make money but I don't have enough money to invest.

zxctrecaaa

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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

romero121

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Quote from: Positid on January 03, 2017, 03:56:57 AM

Quote from: mrkevio on January 02, 2017, 03:20:35 PM

Quote from: geopolisch on January 02, 2017, 02:54:49 PM

Quote from: valley365 on December 30, 2016, 06:48:56 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.

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.

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.

Positid

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BULL RUN until 2030

Quote from: mrkevio on January 02, 2017, 03:20:35 PM

Quote from: geopolisch on January 02, 2017, 02:54:49 PM

Quote from: valley365 on December 30, 2016, 06:48:56 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.

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.

mrkevio

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Activity: 210

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Quote from: geopolisch on January 02, 2017, 02:54:49 PM

Quote from: valley365 on December 30, 2016, 06:48:56 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.

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.

geopolisch

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Activity: 1022

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Quote from: valley365 on December 30, 2016, 06:48:56 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.

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 .

valley365

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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.

Ryan Dugan

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Quote from: FlightyPouch on December 03, 2016, 06:21:19 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.

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.

whizter

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Quote from: Mometaskers on December 30, 2016, 10:14:21 AM

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.

Mometaskers

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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.

Przemax

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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.

YuginKadoya

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Quote from: FlightyPouch on December 03, 2016, 06:21:19 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.

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

ReLieD

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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

merchantofzeny

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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.

CyberKuro

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Quote from: FlightyPouch on December 03, 2016, 06:21:19 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.

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.

Omega Weapon

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Quote from: aardvark15 on December 12, 2016, 07:07:46 PM

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.

HanSchultz

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Quote from: Tanic on December 12, 2016, 10:36:42 AM

Quote from: FlightyPouch on December 03, 2016, 06:21:19 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.

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 Cheesy

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

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