When buying bitcoin where does the money go

Bitcoin is open to everyone and provides an exciting opportunity to delve into an entirely new asset class. Buy Bitcoin Worldwide does not offer legal advice. Find a Bitcoin Exchange How to Secure Bitcoins As with anything valuable, hackers, thieves, and scammers will all be after your bitcoins, so securing your bitcoins is necessary.

By using our site, you acknowledge that you have read and understand our Cookie PolicyPrivacy Policyand our Terms of Service. This question moneh to me to be such an obvious question, that it must be answered. As I understand it is necessary to buy bitcoins using dollars or some other currency. Where do those dollars. The money goes to the party that sold it gl 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. It probably had several prior owners before you got it.

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Tags separate by space :. Drew Spencer. Juho Snellman. We played this last night and had a few rules questions. We played that it went to the company, which seems to make the most sense. Do you use this mechanic just to buy back your own stock and dump the company on a new lead shareholder with no money left in the treasury? Assuming they pay money to the company to buy the stock, it seems they should get the money from the company too, but what do you do if the company doesn’t have enough in its treasury?

Some people kill time at the airport by browsing duty-free shops. I decided to shop for bitcoin.

Tags separate by space :. Drew Spencer. Juho Snellman. We played this last night and had a few rules questions. We played that it went to the company, which seems to make the most sense. Do you use this mechanic just to buy back your own stock and dump the company when buying bitcoin where does the money go a new lead shareholder with no money left in the treasury? Assuming they pay money to the company to buy the stock, it seems they should get the money from the company too, but what do you do when buying bitcoin where does the money go the company doesn’t have enough in its treasury?

Seth Jaffee. I understand. You can see our confusion. Redeeming requires the company to pay the player, suggesting that the real owner of unowned stock is the company. However, buying and selling stock just goes through the bank, suggesting that they’re not.

I suppose it’s merely a thematic hangup. Andrzej Kurek. Note that the share returns back to the general pool of shares, and is not in any way owned by the company. So if a share is first redeemed the company pays the player. If the player then buys the share back, they’ll pay the bank. So a huge wad of money just disappeared from the company, without it gaining any assets.

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In fact, volume has been decreasing on the NYSE for a while. That seller may now keep it in the bank, buy other cryptos or withdraw it and spend it in joney way they choose. Bitcoin is rallying because there continues to be demand at ever higher prices. For 15 minutes at the airport, I refreshed the price of bitcoin over and over, watching as it gained and lost hundreds of dollars in a matter of minutes. A look at how Bitcoin has grown, and what happens to all the daily volume. There are also bitcoin ATMs in scattered bodegas and convenience stores around the country, through companies like Coinsource.