Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: jambola2 on October 14, 2013, 05:12:43 AM



Title: How many percent of internet users and overall people use bitcoin ?
Post by: jambola2 on October 14, 2013, 05:12:43 AM
Does anyone know a reputable source with this data ?
If not - make your random guesses here.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: sosulon on October 14, 2013, 05:16:45 AM
10-20%? bitcoin is skyrocket now so in a year there will be more people knowing it .


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: kriwest on October 14, 2013, 10:06:41 AM
10-20%? bitcoin is skyrocket now so in a year there will be more people knowing it .

Are you kidding? I'd be surprised if 0.1-0.2% of internet users even know what bitcoin is.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Ekaros on October 14, 2013, 11:22:38 AM
Blockchain tells about 500k wallet users.

Then there is 25 million transactions total... Which sufficiently large part is probably satoshi dice and others.

Couldn't find info on unique addresses in chain.

But my estimate would be around 5M max...


Which is the 0.2% of 2 400 000 000 internet users in 2012...

And that would be upper end of one time users... The real count is probably lower...


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: saif92 on October 14, 2013, 01:08:42 PM
Blockchain tells about 500k wallet users.

Then there is 25 million transactions total... Which sufficiently large part is probably satoshi dice and others.

Couldn't find info on unique addresses in chain.

But my estimate would be around 5M max...


Which is the 0.2% of 2 400 000 000 internet users in 2012...

And that would be upper end of one time users... The real count is probably lower...

these are best stats for bitcoins and I am agree with these  ;D


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: drrussellshane on October 14, 2013, 01:11:55 PM
A very small percentage, but growing all the time.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: shuttleclock on October 14, 2013, 02:26:36 PM
Rather than percentage, I am a bit more curious about how many people actually use Bitcoin.
My guess is it's not even exceed 10.000.000 people..


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Erdogan on October 14, 2013, 02:51:09 PM
[...]
Couldn't find info on unique addresses in chain.
[...]

Number of addresses in the UXTO (Unspent Transaction Output Set). I couldn't find it either, but I would like to know.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Johnny Bitcoinseed on October 14, 2013, 02:55:17 PM
That seems a good ballpark figure....1% have heard about it, maybe 1 in 100 of those may have tried using bitcoin or at least downloaded a client.  Of course that is just guesswork on my part.

What this means is there is still a long way to go toward mainstream adoption


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: klmist on October 14, 2013, 10:59:44 PM
Around 0.000071% - but that's a generous estimate.. in fact less than 185k people (not much more than the number of registered users on the bitcointalk forum - currently 151k) hold as much as 1BTC. The total number of keys holding 1BTC or more is currently ~223k however around 35k of those keys are the satoshi wealth (unmoved 50BTC coinbases). There's a report on my site; http://www.klmist.com/keysreport.html that updates daily showing the number of keys holding various amounts. I think it's fair to say that almost everyone who uses bitcoin is registered on bitcointalk.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: hulk on October 15, 2013, 12:51:58 PM
0.00001%, even 1% is enough for Bitcoin to hit $1000. If you compare to the world, Bitcoin is really small :)


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Johnny Bitcoinseed on October 17, 2013, 09:04:45 AM
1% of the world would be about 70-million people.  With only 21 million bitcoin that comes out to about 1/3 of bitcoin each person on average.  So it is possible you could be quite well off if you hold even a small number of bitcoin.

The big road block right now is barrier to entry.  When anybody can use bitcoin as easily as using the Internet or a credit card (or nearly as easily) without fear or specialized knowledge, adoption can really move forward at an even faster pace than now (which is still very fast)


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Buffer Overflow on October 17, 2013, 09:21:00 AM
10-20%? bitcoin is skyrocket now so in a year there will be more people knowing it .

10-20%, don't be silly. Most people I know haven't even heard of it.



Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: nicolazza on October 17, 2013, 09:39:36 AM
0.2% (less in my opinion) = 140$/btc
5% =  8)
20% =  :o
50% =  :o :o :o


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Wary on October 17, 2013, 09:58:54 AM
I think it's fair to say that almost everyone who uses bitcoin is registered on bitcointalk.
How about China?


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: BadBear on October 17, 2013, 11:14:37 AM
Around 0.000071% - but that's a generous estimate.. in fact less than 185k people (not much more than the number of registered users on the bitcointalk forum - currently 151k) hold as much as 1BTC. The total number of keys holding 1BTC or more is currently ~223k however around 35k of those keys are the satoshi wealth (unmoved 50BTC coinbases). There's a report on my site; http://www.klmist.com/keysreport.html that updates daily showing the number of keys holding various amounts. I think it's fair to say that almost everyone who uses bitcoin is registered on bitcointalk.

A lot of those registered accounts are bots or sockpuppets/scammers, the true number of accounts is probably like 10% of that, and that's being generous. Each scammer probably has at least a dozen accounts.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: ex-trader on October 17, 2013, 11:40:19 AM

And don't forget that most people involved in Bitcoin are either miners or investors hoping to get rich, which is why most threads on this forum are about how to make/earn more of them or what the price is/should be.

No-one has ever been able show actual stats for 'real' transactions involving BTC, but my guess is that when gambling or silk road is excluded then the number is very tiny indeed.

The real problem is that it's not clear that for many people that Bitcoin actually offers any real advantages for transactions, other than limited examples of international P2P transfers. BTC transactions aren't free (miners fees and costs of buying/selling Bitcoins), aren't anonymous and all parties take substantial risk of price deviation if any element involves any currency other than BTC.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: vpitcher07 on October 17, 2013, 01:36:38 PM

And don't forget that most people involved in Bitcoin are either miners or investors hoping to get rich, which is why most threads on this forum are about how to make/earn more of them or what the price is/should be.

No-one has ever been able show actual stats for 'real' transactions involving BTC, but my guess is that when gambling or silk road is excluded then the number is very tiny indeed.

The real problem is that it's not clear that for many people that Bitcoin actually offers any real advantages for transactions, other than limited examples of international P2P transfers. BTC transactions aren't free (miners fees and costs of buying/selling Bitcoins), aren't anonymous and all parties take substantial risk of price deviation if any element involves any currency other than BTC.


I think bitcoin's #1 advantage is the fact that it's not owned by any corporation or bank. That in itself makes bitcoin more desirable.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Johnny Bitcoinseed on October 17, 2013, 07:14:29 PM
Plus it has first mover advantage.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: imagereply on October 17, 2013, 07:20:17 PM
Does anyone know a reputable source with this data ?
If not - make your random guesses here.

http://cdn.obsidianportal.com/assets/16936/Near-Zero.jpeg

http://www.littlevisuals.com/bitcoin-owners.png


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: illpoet on October 17, 2013, 08:59:20 PM
that made me lol hard.  I think lots of people have "heard" of bitcoin, most ppl i talk to have.  I've yet to meet someone irl who uses bitcoins, other than ppl i've talking into holding a few.  I'd say its very small still, but growing rapidly. 


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Ivanhoe on October 17, 2013, 09:21:09 PM
I'm busy on a research with this question. Just have some patience on the outcome.

edit: https://bitcointalk.org/index.php?topic=262323.0

Was going to get the community involved in this. Although by the lack of input decided to do it at mainly at my own but with some help.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: ladyfox on October 18, 2013, 12:14:59 AM
not pretty much i think they need to do more advertise or some big news


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: cryptoknightt on August 17, 2014, 12:29:35 PM
What is the answer to this question now?

Does anyone know anywhere that actually keeps up with this information?


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: zhinkk on August 17, 2014, 12:33:13 PM
10-20%? bitcoin is skyrocket now so in a year there will be more people knowing it .

Woah, 10% of all internet users? That's insane man, I don't think more than 2% of internet users use bitcoin, and that's still a very large guess. You have to remember the internet is huuuge.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: cryptasm on August 17, 2014, 12:41:21 PM
I'd imagine it to be a very small amount, like 0.1 / 0.001 % maybe but that's a complete guestimate.

Would be interesting to know the average amount of wallets each bitcoiner has, personally had at least ten different blockchain wallets, not that I'm a scammer  ;D


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Daniel91 on August 17, 2014, 12:47:21 PM
10-20%? bitcoin is skyrocket now so in a year there will be more people knowing it .

Woah, 10% of all internet users? That's insane man, I don't think more than 2% of internet users use bitcoin, and that's still a very large guess. You have to remember the internet is huuuge.

10 % is really to much.
2 % also.
I guess even 0.2 or 0.1 % is also to much.
None of my Internet friends use actively bitcoin and just a few even heard about it  and I really have a lot friends online.
Any way, you have to look atr it from different perspective.
if someone is not interesting in mining or investing in Bitcoin, what is his/her benefit of using bitcoin?
Where they can spend it?
Bitcoin is still at very early stage very fare from becoming mainstream.



Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: MakeBelieve on August 17, 2014, 01:01:08 PM
I thought it was something like 0.02% have adopted Bitcoin which of course isn't a lot for the price is it at.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: onealfa on August 17, 2014, 01:33:10 PM

This is so damn RIGHT !


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Acidyo on August 17, 2014, 01:34:18 PM
Last I heard it was 0.1% of the population, that would make it around 7 million people.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: wachtwoord on August 17, 2014, 01:35:43 PM
Last I heard it was 0.1% of the population, that would make it around 7 million people.

It's quite a bit lower than that still but in the same order of magnitude.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Lauda on August 17, 2014, 01:39:57 PM
We aren't even close to 1% yet, that number would be amazing. Sadly the number is small but is growing with time, as more and more merchants start accepting BTC more people know about it.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: wachtwoord on August 17, 2014, 01:46:56 PM
We aren't even close to 1% yet, that number would be amazing. Sadly the number is small but is growing with time, as more and more merchants start accepting BTC more people know about it.

Sadly? Slow and steady still wins the race I believe.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: wordman267645 on August 17, 2014, 01:54:00 PM
I think a very little percentage.But one day bitcoins will be a normal for everyone for online transactions as PayPal is for eBay. It I'd a genius exchange.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: bornil267645 on August 17, 2014, 01:56:45 PM
25% 8) 8)


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Prez on August 17, 2014, 02:01:18 PM
I think the actual number of people that use bitcoin is low compared to the number
that have heard about it but for whatever reason doesn't get involved. I think we have .01%
right? Not very many...


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: wachtwoord on August 17, 2014, 02:02:22 PM
I think the actual number of people that use bitcoin is low compared to the number
that have heard about it but for whatever reason doesn't get involved. I think we have .01%
right? Not very many...

I think he have ~2 million users so if the value above is correct that would imply 0.03%.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Liquid on August 17, 2014, 02:06:10 PM
I think the actual number of people that use bitcoin is low compared to the number
that have heard about it but for whatever reason doesn't get involved. I think we have .01%
right? Not very many...

I think he have ~2 million users so if the value above is correct that would imply 0.03%.

Sounds about right, pretty depressing at the moment but time will push it up.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: valvalis on August 17, 2014, 02:12:55 PM
IMO less than 1%
We are the choosen one LOL  ;D


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: DeboraMeeks on August 17, 2014, 02:14:10 PM
IMO less than 1%
We are the choosen one LOL  ;D

A lot less than 1%, which means less than 80 million. I'd say around 3 million people globally


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Ayers on August 17, 2014, 02:15:56 PM
the price reflect the amount basically, you could say not more than 0.1%


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Beliathon on August 17, 2014, 02:32:10 PM
I'd guess about 1% of the online world has heard of Bitcoin. One in twenty of that 1% actively using Bitcoin
I'd guess similar. The good news is that it means anyone reading this is a "Very early adopter"


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Altminer79 on August 17, 2014, 02:36:56 PM
Yeah It is lower than 1% and It's kind of cool that we are ones of that 1% :) But if ebay would start accepting bitcoin imagine how much % It will grow up, and for now only we know little internet "secret" which is called Bitcoin, kind of cool :} Sad that we can't take any advantages of Bitcoin now because at least I miss bitcoin price train =/


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: cryptoknightt on August 17, 2014, 03:45:21 PM
I think the actual number of people that use bitcoin is low compared to the number
that have heard about it but for whatever reason doesn't get involved. I think we have .01%
right? Not very many...

I think he have ~2 million users so if the value above is correct that would imply 0.03%.

So two million users? Does everyone agree with this number?


Also, the .03% is of active internet users? Is that correct?


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: ajareselde on August 17, 2014, 03:54:42 PM
IMO less than 1%
We are the choosen one LOL  ;D

There is so many problems buying bitcoin even with this low percentage of users,

now just imagine how would banks react if the percentage of bitcoin users would be 10-15 %

We are still early adopters, but that doesnt mean that the price of 500ish USD per bitcoin is justified, given that there is still so many opened questions and concerns.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: Acidyo on August 17, 2014, 04:31:41 PM
We aren't even close to 1% yet, that number would be amazing. Sadly the number is small but is growing with time, as more and more merchants start accepting BTC more people know about it.

Sadly? Slow and steady still wins the race I believe.

Yeap. HODLING is the way to go people. :) When you have hodled long enough, selling won't be needed anymore. :D


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: wachtwoord on August 17, 2014, 04:47:06 PM
I think the actual number of people that use bitcoin is low compared to the number
that have heard about it but for whatever reason doesn't get involved. I think we have .01%
right? Not very many...

I think he have ~2 million users so if the value above is correct that would imply 0.03%.

So two million users? Does everyone agree with this number?


Also, the .03% is of active internet users? Is that correct?

The only one who made research public based on data is Risto and that's what he got as a result if I recall correctly. For a large part it was based on the leaked MtGox database.


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: MightyStorm on August 17, 2014, 04:52:46 PM
How many percent of internet users and overall people use bitcoin ?
Who knows? Maybe 1 percent? Or two?


Title: Re: How many percent of internet users and overall people use bitcoin ?
Post by: virtfund on August 17, 2014, 05:07:38 PM
Not enough  ;D. If Paypal and Ebay get on board, that could go up consideranbly tho.