Users

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The users are everyone who holds bitcoin as a store of value or uses it as a medium of exchange.

More and more people are starting to understand bitcoin. In 2017, bitcoin has seen a massive interest. Even those who doubted bitcoin and thought of it as some sort of scam, started to buy bitcoin. Reaching $10k really made people think twice about not investing. 

Although the number of bitcoin enthusiasts is increasing, most people are holding on to bitcoin and not actually using them.

In order for bitcoin to grow further, people need to actually use bitcoin to buy and sell products and services. 

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Miners

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The next community are the people who use computers to confirm transactions. They run their computers to earn bitcoin as a reward for contributing their computational power.

Miners store a copy of the bitcoin blockchain and keep the network secure by joining the network.

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Educators

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The educators are the people who teach others about bitcoin. This includes the Bitcoin Foundation which is an organisation dedicated to advocacy, education and core development of bitcoin.

There are now many people who are sharing their knowledge of cryptocurrencies at unversities, events, and even on social media.

Educators play a huge role in helping bitcoin to be adopted by the masses. There is already an increasing demand for people who have the knowledge and have the ability to share their knowledge about cryptocurrencies.

The Cryptovator is an educator and now that you are learning so much about cryptocurrencies, you can be one too.

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Investors

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The investors are the people who buy bitcoin and other cryptocurrencies to make profits from the increase of value.

Many people are investing altcoins (alternative cryptocurrencies). These are cryptocurrencies that have additional features and have been created for a specific purpose in a blockchain project.

If you are thinking about investing in bitcoin, you need to be aware that bitcoin is highly volatile. The price fluctuations can be massive basically.

There is no set price to bitcoin. The price of bitcoin is what people are willing to pay for it. With that in mind, the increasing popularity of bitcoin and the advances in blockchain technology is a good indication that bitcoin will continue to increase in value over time. 

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Developers

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The developers develop the bitcoin software, adding new features. Bitcoin is free software and any developer can contribute to the project. Everything you need is in the GitHub repository.

Developer communities

The following chatrooms and websites host discussions about Bitcoin development. Please be sure to read their rules of conduct before posting.

• IRC Channel #bitcoin-core-dev on freenode.

• Bitcoin Core Slack Channel

• Bitcoin StackExchange

• BitcoinTalk Development & Technical Discussion Forum

 

Traders

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Traders are the people who trade cryptocurrencies on exchanges for profit in bitcoin.