Post
Topic
Board Nigeria (Naija)
Merits 3 from 1 user
Topic OP
Folks that makes up the bitcoin economy
by
I_Anime
on 09/09/2025, 16:01:09 UTC
⭐ Merited by Mia Chloe (3)
Well just felt like dropping this post here , so I usually spend time on speculation board and most people still mistake traders from holders I hope this very post will help correct That . So let me go straight to the point there are various body that makes up the bitcoin economy they a are the :

Miners : they use power computer to solve complex maths ( puzzles) , and when they succeed they create new bitcoin as reward. At same time they also check and confirm transactions, making sure no one cheat or spends same coin twice . Inorder word they bring bitcoin into the world and keep the network safe .

Holder(savers): what most of us here are doing , these are those who stash/accumulate bitcoin for the future, holding it as long as they can while they accumulate with any accumulation method of their choice

Traders(the movers): they often buy and sell , keeping the market active and same time trying to make profit from price volatility. They often speculate for short term profit and stuff. , unlike holders that focus on long term .

Developers(Builders): they design , maintain . ,and improve the underlying code that keeps the network secure and competent . Their work ensures that bitcoin continues to run smoothly.

Users (Spenders): everyday folk using bitcoin to send , Receive ,or shop .

All these listed above play crucial role in the bitcoin ecosystem.