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.
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.
