How do Bitcoins really circulate into users? - page 3.

Positid

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Quote from: nara1892 on December 12, 2016, 08:22:10 PM

Quote from: 5dollarbill on December 03, 2016, 06:45:07 PM

circulate in country Huh

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

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).

nara1892

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Quote from: 5dollarbill on December 03, 2016, 06:45:07 PM

circulate in country Huh

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

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.

Yakamoto

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Quote from: Omega Weapon on December 12, 2016, 06:26:32 PM

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.

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.

aardvark15

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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.

Omega Weapon

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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.

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.

1enterthebtc

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

Juggy777

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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.

Tanic

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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.

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.

sportis

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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.

SvenBomvolen

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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.

Wandering Soul~

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Wolf

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 .

stark101

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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.

kidoseagle0312

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Quote from: ArcCsch on December 03, 2016, 07:56:10 PM

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.

ethereumhunter

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Quote from: FlightyPouch on December 04, 2016, 03:08:59 AM

Quote from: davis196 on December 04, 2016, 02:26:12 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.

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?

im sorry that my question is so confusing. But my real question here is how do bitcoins regulate to users, what happens from the bitcoins that spent and bought.

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.

Xester

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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 .

Napole0n

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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.

btcdiggingmaster

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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.

olubams

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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...

Positid

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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.

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Quote from: ufaiz50 on December 06, 2016, 08:12:33 PM

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.

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.
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.

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