Title: Statistical Analysis on Bitcoin Acceptability Post by: Doan9269 on March 24, 2022, 05:21:03 AM Statistical Analysis on Bitcoin Acceptability
Taking statistical record of Bitcoin activities is very paramount in other to measure the progression thereby creating a feasibility study on it acceptability and future approach that could offer a general solution either on a long or short run, also this help in creating feedback on bitcoin development all over the world. According to research and findings, USA is said to be the most largest country with the highest number of bitcoin users in the world, we have about 21 millions overall of bitcoin to be in circulation while about 18.9 already in circulation and over 81 millions user across the globe ever since the launch in 2009, while about $3 millions blockchain worth of market value of bitcoin, knowing also that bitcoin has ever been the first decentralized peer 2 peer digital currency before other cryptocurrencies emerged. This are statistics about individuals opinion on bitcoin acceptability from the statistical illustration below https://i.imgur.com/xQjBXRX.png I also have some graphical illustration on bitcoin statistical record ever since 2009 till date https://i.imgur.com/dBmiY4p.png https://i.imgur.com/KgPzOn9.png https://i.imgur.com/JZicztp.png Key Points: ✓Bitcoin have about 270 transactions on daily basis. ✓Blockchain has over 81 millions users wallet addresses. ✓Crypto users across the world is about 106 millions in which bitcoin occupied about 81 millions from it ✓Bitcoin has recorded a all time high (ATH) in 2021 reaching $68,000 ✓First country to accept bitcoin as a legal tender is El-Savador on 7th September, 2021 Reference link: https://explodingtopics.com/blog/blockchain-stats Title: Re: Statistical Analysis on Bitcoin Acceptability Post by: pooya87 on March 24, 2022, 06:08:03 AM https://explodingtopics.com/blog/blockchain-stats It is funny how everyone keeps coming up with their own random numbers and calls that "statistic" which is always different from one another too.It was just yesterday I replied to a similar weird statistic topic saying how wrong that is (https://bitcointalk.org/index.php?topic=5390701.msg59613409#msg59613409), and this is just as wrong. Taking statistical record of Bitcoin activities is very paramount in other to measure the progression Only if they are correct which none of them are!Quote we have about 21 millions bitcoins in circulation 21 million is the max supply that we would get close to in about 100 years from now. Today there is only ~18.9 million bitcoin in circulation.Quote and over 81 millions user across the globe And how exactly is that measured? Bitcoin is not centralized to show number of users and the users don't go somewhere to register themselves! Quote while about $3 millions blockchain worth of market value of bitcoin, What is "market value"? You mean market capitalization? That is $814 billion. Even the trading volume is about $25 billion.Quote ✓Bitcoin have about 270 transactions on daily basis. Wrong.The correct value is between 200k and 400k per day on-chain there are many transactions taking place on second layer (ie. Lightning Network). Quote ✓Blockchain has over 81 millions users wallet addresses. Wrong.There is no way to count that. Quote ✓Crypto users across the world is about 106 millions in which bitcoin occupied about 81 millions from it Wrong.There is no way to count that either. |