Bitcoin Forum

I'm thinking if there's a million holders, price will go up.
if there's ten million holders, price will go WAY up.

Interesting.

How come you think that? What if there are bagholders that are just waiting for the price to reach a certain amount so they can just dump all of their shares and plummet the price?:)

I think there are only 1% or maybe less people of the world which are holding and having bitcoins.

has there been any sort of survey for this question? like the ones that CoinDesk sometimes reports. i would be very interested to see some results from it.

but whatever the number is now, i am sure it was at least three times more back when the price was at $1000 and it is going to increase if the price shows any significant movement again.

if 1% of the global population start to use bitcoin we will have a very nice grow of the value, i think at the moment less than 1% of population is using bitcoin

You can only count adresses not users. Most users has several adresses.

Most adresses is empty or contain dust.

Haha there's a huge wealth disparity on BTC. Having more people hold won't changing anything.

Having more people use BTC however would help increase its trade volume.

That could help its value!

Yes you are right.
When I downloaded electrum it popped out 27 alternative addresses within it.

do you think that right now that we are 3M and the price is near 300 with 4m will be 400 5M 500 and so on? i'm talking merely about stable price not soemthing like 1200--->200

this mean 100M users for a stable price of 10k, i know it's not so linear but it gives you a general idea

100 million compared to 7 billion are not so many, we can do it, and sincerely hope too soon

I don't see why more people hold bitcoins more the price will be high. Or better. The number of holder is not enough to increase itself the price. If they will use the bitcoins they hold then it will be the possibility that the price go high. If bitcoin will be dead money and no one will use it the price will remain the same or will go down.

On reddit i found something about there being 230K adresses with more than 2 bitcoins.

So how many of you has bitcoins in several wallets? I know i have it spread in spending wallets and holding wallets.

Who knows the exact number? I don't think that are millions. I am part of o site which is created more than 2 years ago (march 2013). This site accepted since the beginning only bitcoin as a fee to participate as a founder. It was made more than two years publicity to this site by everyone and now there are about 170 000 members. Are (mus be) mostly bitcoiners. If we can suppose that this program reached 50% of bitcoiners then the overall number of those cannot be more than 500 000 people. Maybe iI'm wrong and the bitcoiners grow every day but i don't think that are yet to much.

Holders aren't going to help bump the price. Buyers do.  ;)

We need new bitcoin users or investors. Investors buys bitcoin for investment or inject into startups. Users buy bitcoin, save a little, use the rest to buy stuff. This is how we can accelerate the momentum.


Any estimate of Bitcoin uses can never be accurate. As pointed out before, we can only count addresses, and one person could have multiple addresses and businesses have hundreds of address.


All my addresses have less than 2 btc in them. So, those 230k addresses do not include any of mine.  :D

There are 523083 registered members here so from that I deduce about 7 people hold bitcoin.

counting wallets isn't going to give an exact number of users as people own plenty of wallets. i personally own 6 wallets with a balance.

There is that number of Bitcoin users , so how "holders" ... It's probably much less then this . most of people use it for trading for daily purposes and smart people and early adopters are the one holding it

This is a natural course of action.. It is impossible to get a equal distribution and keep it equal after a certain amount of time. Most will use it and have nothing afterwards, while others will hoard and make opportunities to get more..

250K PEOPLE is my guess.

I'd guess that it's considerably less than the average guess. That's my guess I guess.

because supply and demand.  If you had 11 million people holding 2 bitcoin that refused to sell their last coin for less than $1M, then that would be the price.

That would be the price, with exactly zero volume.
A bunch of holders sitting around waiting for a price to rise does not result in a rise.

True, but the point still applies... If millions of people all want to have at least a Bitcoin,
price is going to rise tremendously as supply can't keep up with demand.

^it will get there one day.

No way to know because someone can have as many address and he wishes and there are off chain transactions and lost or abandoned coins. You can only find a higher limit.

This is clearly wrong. It's obviously 58008, the best number to type in to a calculator.

1% from 7b is 70 000 000. I do not believe that there is more than 700 000 people having bitcoins.

This will be the closest for you to determine:

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

https://i.imgur.com/kuAnr1c.png

The number is between 1 and the Number of Addresses holding coins. Several addresses can be owned by one user so its practically impossible to determine how much a given person actually owns. Unless you know all their addresses.

You gotta factor the loss coins too!

And the stolen ones as well, but overall you can see it based on the top richest address page or circulation tab on blockchain.

What this table shows is how poorly distributed bitcoin still is. To be expected given the Pareto principle.

1. it is super Pareto- 93% coins in 2.3% accounts. Realistically, it isprobably even less- 0.5-1% since people might use multiple accounts.
2. Excesses over Pareto (80/20) will smooth out over time, I believe.

I would assume this is expected to change in the future. As the price increases people will sell either for fiat or for assets.
If you look at the block halvings schedule we are still VERY early in the game.

YEARS	BLOCK REWARD	COINS DISTRIBUTED	TOTAL DISTRIBUTED
2009-2012	50	210,000 blocks = 10,500,000	10,500,000
2012-2016	25	210,000 blocks = 5,250,000	15,750,000	<-- We're still way up here
2016-2020	12.5	210,000 blocks = 2,625,000	18,375,000
2020-2024	6.25	210,000 blocks = 1,312,500	19,687,500
2024-2028	3.125	210,000 blocks = 656,250	20,343,750
2028-2032	1.5625	210,000 blocks = 328,125	20,671,875
2032-2036	0.78125	210,000 blocks = 164,062.5	20,835,937.5
2036-2040	0.390625	210,000 blocks = 82,031.25	20,917,968.75

It's impossible to know, we don't know the number of alts and we don't know how many addresses belong to the same person. Essentially, much less than we could imagine, which makes us even richer in the future. We are pioneers, not mega super early adopters but still pioneers.