When i buy bitcoin where does the money go

Now you will need to find a bank branch of the bank you chose in your area. If you’re still a bit confused, that’s okay. Today, it costs millions of dollars to even start a profitable mining operation. Directly to people who are currently selling if you don’t count the minor exchange fees. Bitcoins should only be kept in wallets that you control.

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Why Bitcoin is Gaining Traction

By using our site, you acknowledge that you have read and understand our Cookie Policy , Privacy Policy , and our Terms of Service. This question seems to me to be such an obvious question, that it must be answered somewhere. As I understand it is necessary to buy bitcoins using dollars or some other currency. Where do those dollars etc. The money goes to the party that sold it to you — that party owned the bottle before you owned it. You might be able to trace ownership of that bottle all the way back through the supply chain, to the point at which it was manufactured.

Why Invest in Bitcoin?

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Video transcript. Well, we want realizes when i buy bitcoin where does the money go there’s no big queen company you’re, not the you’re, bitcpin buying the queen from a group and see it bitcokn core. Okay you’re buying from someone else in the market. It’s easy to kind of lose track of how this is working because it’s it’s electrifying and we’ll see the other people but, let’s set here where the giant flea market with how much people that the corner like queen uh theory, am between cash and you’re right around the market, trying to find you know you Buy some big point where you buying from you buying from selling bo having running to him in the market.

Queen bases, market that puts a buyer and seller together so when your mind that queen at queen days you’re, not buying it from going box you’re buying from the other guy the other end of transaction, who’s been transmitting a to point base who transforms into you so when wheere buying your buying somebody.

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WOW!! BITCOIN LONGS COLLAPSING!! LONG SQUEEZE?? — BIG «BUY» SIGNAL FLASHING!!! — MMCrypto

You should now see a screen with some options. But that is an example where there is not a simple buying and selling of bitcions at a certain price. It is no surprise that Bitcoin, huy secure, global, and digital currency has claimed the interest of investors. If you are able to sell your eggs for more than wjere paid for them, you make a profit. When the seller withdraws the USDs or whatever currency the coins were sold forthe exchange will send those funds. Because Bitcoin is on the internet, they are even easier to steal and fhe harder to return and trace. Why Bitcoin is Gaining Traction The world is becoming ever more reliant on the internet. When you buy a bottle of soda at the convenience store, where does the money go? The Bitcoin mining industry has grown at a rapid pace. Bitcoins should only be kept in wallets that you control.