Topic: How do Bitcoins really circulate into users? - page 5. (Read 4860 times)
I have a feeling that bitcoins doesn't really circulate in the economy. Most of the time, bitcoin is being kept by hoarders expecting for a price increase. Because of that, only a fraction of the available coins are in circulation; ret are kept on cold storages.
Bitcoin doesn't circulate like fiat money does. It only changes hands and stops right there. People who have received Bitcoins are not going to spend the same Bitcoins. They are going to exchange the coins for fiat. And that's it - the cycle is done and the next cycle will begin. Bitcoin is not mainstream money, it's digital tokens.
With bitcoin only seven years old, what do you expect?If nothing changes it will be the same in 50 years from now. What do you expect to happen to Bitcoin in the future? Bitcoin could be dead in 10 years or 20 years. There is a sub-forum about Speculation and you could propose your futuristic theories there but at the present time Bitcoin is not mainstream money.
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.
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?
Well,BTC is limited unlike cash,which can be printed and there is no limit there and because of this fact BTC doesn't circulate that much,however the idea is the same-people paying with BTC,then someone selling BTC to another person and so on.It's really that simple,there is nothing new compared to cash and the concept is absolutely the same really.That's what makes BTC relatable.
but how about making them? As far as I know. Real money is made by paying real money too. Is bitcoin the same that, new bitcoins are released by bitcoins too? Or maybe some of the are converted from real money to Bitcoins? From trading maybe?? 
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.
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?
Does it circulate like a real money that circulate as a tax.
Bitcoin circulate like digital money not like real paper cash and also bitcoin are not subject to tax or it is very hard to impose tax on bitcoin transactions.However some countries already have started taking tax on bitcoin trading in local exchanger and also they are trying to add more regulation on bitcoin trading platforms so that they can collect more tax.
Well,BTC is limited unlike cash,which can be printed and there is no limit there and because of this fact BTC doesn't circulate that much,however the idea is the same-people paying with BTC,then someone selling BTC to another person and so on.It's really that simple,there is nothing new compared to cash and the concept is absolutely the same really.That's what makes BTC relatable.
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.
Your question is very unclear maybe because English is not your first language.Thank you.
You may try to find a local forum for your language and post the question there if you want.
Coming back to your question. I think you want to know how bitcoin works in a particular country and if it is taxable or not.
Bitcoin, as other say, is free from boundary and works exactly same everywhere.
As for whether it is taxable, this is something not related to bitcoin and differ from country to country
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.
Thats whatbI mean sir. Thank you for understanding. 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.
circulate in country 
Bitcoin is countryless... circulates in blockchain, not any country, you got all mixed up 
Sorry, I think i have a wrong question. Its not the country but how bitcoins circulate into the users. How do bitcoins made and then spent.. Bitcoin is countryless... circulates in blockchain, not any country, you got all mixed up 
Bitcoin doesn't circulate like fiat money does. It only changes hands and stops right there. People who have received Bitcoins are not going to spend the same Bitcoins. They are going to exchange the coins for fiat. And that's it - the cycle is done and the next cycle will begin. Bitcoin is not mainstream money, it's digital tokens.
With bitcoin only seven years old, what do you expect?
Bitcoin doesn't circulate like fiat money does. It only changes hands and stops right there. People who have received Bitcoins are not going to spend the same Bitcoins. They are going to exchange the coins for fiat. And that's it - the cycle is done and the next cycle will begin. Bitcoin is not mainstream money, it's digital tokens.
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.
Thank you.
are you talking about "regulations" or "circulation"?
regulation is where taxes come in and it has not yet happened in many countries as they continue to treat bitcoin as something not so many people use so there is no point in setting up laws about it.
circulation is about how you spend and use bitcoin and how it moves from hand to hand and that is not restricted to one country because bitcoin is global and decentralized.
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.
I think you want to ask how do countries consider Bitcoin? Do countries consider Bitcoin as real money or as an asset/good. I think most countries thinks that Bitcoin is valuable digital good only, which can be used for payment/receipt on any online store. As soon as more people uses Bitcoin than it'll start replacing the real money then it will remain no more a good but it will be know as real money. Thank you.
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.
Thank you.
What do you mean, circulate as a tax. Bitcoin is a currency that can be circulated all across the globe. It already is. Just look at the full sized blocks that are mined every single day, from blockchain.info
Tax cannot be circulated, only currency or goods, or services can.
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.
To circulate bitcoin doesn't need any approval from government but to get it accepted in local merchants/store government need to declare it as accepted form of currency which is happening in many countries. Thank you.
circulate as a tax?
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.
To circulate bitcoin doesn't need any approval from government but to get it accepted in local merchants/store government need to declare it as accepted form of currency which is happening in many countries. Thank you.
circulate as a tax?
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.
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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.
Thank you.
There is still no tax in bitcoin as far as I know. There is transaction fees but minimal only depending on the values need to trade or to invest. It circulates only on the investing, trading and gambling sites. But soon it will be like a real money when there is a lot of shops that accepts btc. But now there is an easy process of cashing out so it still seems a real money.
Every time when questions like: how many people use or hold bitcoin or how many coins is already lost/misplaced we can't have definitive answer.
It is the same with Op's question - there is no way to determine whether circulation of bitcoin in specific country - we could only speculate on that.
Maybe we will be able to tell in the future when IRS will enforce some kind of harsh bitcoin tax policy and BTC transactions will be reported.
It is the same with Op's question - there is no way to determine whether circulation of bitcoin in specific country - we could only speculate on that.
Maybe we will be able to tell in the future when IRS will enforce some kind of harsh bitcoin tax policy and BTC transactions will be reported.
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