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- Where do the dollars go? 3 answers
Ok, So I see A lot of people say that the bitcoin when purchased from one person to another that money gets sent to that other person in exchange for the BitCoin. Example If Bob has a bitcoin for 10 dollars and sold it to Jim, Jim would Pay 10 dollars to Bob for that Bitcoin. So what happens to the dollar when someone buys a bitcoin from cryptocurrency market. That money doesnt not vanish, so where does it go? It has to go somewhere. Its really confusing question hopefully someone can help me understand. Thank you.