Bar chart for bitcoiners' demographics in 2019 and 2020 (data is taken from Coin.dance) Ignore the validity of data (from online secondary data), the chart shows increases in following age groups: 18 - 24 (from 9.34% to 16.65%), 45-54 (from 9.6% to 10.8%), 55-64 (from 3.34% to 6.59%) and 65+ (from 1.43% to 4.45%). It is amusing to see more and more old people have interests in or own bitcoin. |
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As an supplementary chart for the one in OP, I give you this one, the chart for Satoshi per dollar (from Jan 2013 till now). Both the units and amount of transactions (in BTC or in Satoshis) and this Satoshi per dollar chart give us a consistent signals of bitcoin increases in value. |
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No indicator for new era users and where they began on the forum. I guessed it is what my code in the thread for weekly merits of top 100 merit earners is inaccurate. That thread was created before the day merit earning beasts like Ratimov, zasad@ joined. You are different because you joined forum before merit system and the initial code I used is correct. I will check my code and correct cases like Ratimov. I will merge the creation date dataset to fix such cases. They will book to the top. See their p75 values. https://bitcointalk.org/index.php?topic=5185770.msg55533518#msg55533518I want to inform you that my newest updates fix the mistakes from my previous codes and analyses. Sorry for that but let's enjoy the update with same jumps from new-era users.I think if LoyceV can include this parameter (creation dates) into his charts that will be cool. The parameter can be displayed by a vertical line. |
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Notes: - nsenders: Sum of merit senders.
- ntransactions: Sum of merit transactions one user received his/her merits.
- nposts: Sum of posts one user received his/her merits.
+------------------------------------------------------------------------------------+
| rank_median username userid nsenders ntransactions nposts |
|------------------------------------------------------------------------------------|
1. | 1 LoyceV 459836 653 3427 1685 |
2. | 2 Ratimov 2627711 299 1665 862 |
3. | 3 o_e_l_e_o 1188543 457 2949 1841 |
4. | 4 suchmoon 234771 446 2798 1751 |
5. | 5 El duderino_ 1067333 323 2788 1725 |
|------------------------------------------------------------------------------------|
6. | 6 DdmrDdmr 1582324 442 2506 1382 |
7. | 7 fillippone 1852120 350 2697 1366 |
8. | 8 bullrun2020bro 2744352 120 908 485 |
9. | 9 Last of the V8s 479624 265 2619 1701 |
10. | 10 zasad@ 2654005 266 969 430 |
|------------------------------------------------------------------------------------|
11. | 11 mikeywith 2033515 275 1826 1019 |
12. | 12 LFC_Bitcoin 379487 253 2090 1386 |
13. | 13 theymos 35 954 2675 532 |
14. | 14 Rikafip 2658890 207 955 407 |
15. | 15 nutildah 317618 337 1586 990 |
|------------------------------------------------------------------------------------|
16. | 16 JayJuanGee 252510 253 1833 1413 |
17. | 17 1miau 2143453 297 1737 816 |
18. | 18 achow101 290195 187 1317 535 |
19. | 19 The Pharmacist 487418 338 1467 1034 |
20. | 20 HCP 867786 250 1427 875 |
|------------------------------------------------------------------------------------|
21. | 21 gmaxwell 11425 193 1134 427 |
22. | 22 pooya87 379147 269 1552 1007 |
23. | 23 VB1001 1138727 200 1743 1049 |
24. | 24 TryNinja 557798 338 1405 905 |
25. | 25 xhomerx10 120694 225 1331 761 |
|------------------------------------------------------------------------------------|
26. | 26 HairyMaclairy 181806 159 1356 943 |
27. | 27 BobLawblaw 569455 157 1288 780 |
28. | 28 philipma1957 64507 266 1070 800 |
29. | 29 gentlemand 155345 297 1249 945 |
30. | 30 efialtis 2597426 192 721 387 |
|------------------------------------------------------------------------------------|
31. | 31 TheBeardedBaby 1291828 311 1123 507 |
32. | 32 Hhampuz 881377 424 1327 616 |
33. | 33 ETFbitcoin 359716 237 954 674 |
34. | 34 bitmover 1554927 326 1234 635 |
35. | 35 mocacino 405464 226 999 530 |
|------------------------------------------------------------------------------------|
36. | 36 Toxic2040 239406 140 1174 810 |
37. | 37 mk4 886521 311 1004 664 |
38. | 38 jojo69 49008 159 1136 759 |
39. | 39 marlboroza 787736 235 802 493 |
40. | 40 Coolcryptovator 1980983 319 1003 461 |
|------------------------------------------------------------------------------------|
41. | 41 mu_enrico 1574226 155 808 410 |
42. | 42 nc50lc 1237156 195 956 520 |
43. | 43 qwk 24140 224 963 579 |
44. | 44 bob123 579628 209 1180 732 |
45. | 45 abhiseshakana 1878246 136 1033 555 |
|------------------------------------------------------------------------------------|
46. | 46 hilariousetc 397737 221 938 578 |
47. | 47 Goran_ 1039323 125 882 689 |
48. | 48 hugeblack 1059082 259 981 568 |
49. | 49 CryptopreneurBrainboss 1052091 301 906 422 |
50. | 50 tranthidung 1292764 301 1114 491 |
|------------------------------------------------------------------------------------|
51. | 51 taikuri13 1855828 126 863 605 |
52. | 52 Vod 30747 319 863 485 |
53. | 53 Carlton Banks 64205 158 770 462 |
54. | 54 BitCryptex 1169179 170 827 411 |
55. | 55 Plutosky 1237522 57 807 450 |
|------------------------------------------------------------------------------------|
56. | 56 Jet Cash 698159 299 916 613 |
57. | 57 yogg 140827 156 698 319 |
58. | 58 OmegaStarScream 375981 237 902 536 |
59. | 59 Steamtyme 1112531 204 809 459 |
60. | 60 DireWolfM14 2003859 221 914 504 |
|------------------------------------------------------------------------------------|
61. | 61 LeGaulois 507856 243 742 451 |
62. | 62 tvplus006 1311641 248 921 343 |
63. | 63 stompix 164749 249 786 591 |
64. | 64 Lafu 805820 184 803 483 |
65. | 65 asche 1580039 150 816 492 |
|------------------------------------------------------------------------------------|
66. | 66 Husna QA 1827294 147 798 386 |
67. | 67 DarkStar_ 507936 309 828 452 |
68. | 68 joniboni 1275282 209 828 505 |
69. | 69 khaled0111 1012655 141 764 436 |
70. | 70 minerjones 346731 142 553 344 |
|------------------------------------------------------------------------------------|
71. | 71 morvillz7z 1825672 169 762 393 |
72. | 72 krogothmanhattan 1000199 230 718 293 |
73. | 73 roycilik 1051955 164 866 350 |
74. | 74 Veleor 1177936 172 781 437 |
75. | 75 witcher_sense 1433865 168 1007 439 |
|------------------------------------------------------------------------------------|
76. | 76 infofront 41175 153 814 484 |
77. | 77 lovesmayfamilis 1982152 147 1072 522 |
78. | 78 mole0815 1424178 149 999 721 |
79. | 79 yahoo62278 355846 409 876 361 |
80. | 80 Coding Enthusiast 879277 107 628 205 |
|------------------------------------------------------------------------------------|
81. | 81 Lakai01 1724800 115 955 542 |
82. | 82 Xal0lex 1068464 129 609 346 |
83. | 83 coinlocket$ 1339716 203 656 366 |
84. | 84 wwzsocki 131333 181 706 379 |
85. | 85 actmyame 465017 202 581 393 |
|------------------------------------------------------------------------------------|
86. | 86 Royse777 366632 218 599 366 |
87. | 87 JSRAW 1210969 158 827 514 |
88. | 88 Lauda 101872 248 802 520 |
89. | 89 xtraelv 897509 229 768 344 |
90. | 90 satoshi 3 274 380 65 |
|------------------------------------------------------------------------------------|
91. | 91 tyKiwanuka 1025255 147 690 418 |
92. | 92 SaltySpitoon 38894 112 391 227 |
93. | 93 masulum 1283017 152 683 263 |
94. | 94 dkbit98 1410401 191 889 341 |
95. | 95 TMAN 98986 214 605 365 |
|------------------------------------------------------------------------------------|
96. | 96 Kalemder 487377 147 644 278 |
97. | 97 Bthd 1836948 115 655 267 |
98. | 98 Piggy 188198 192 449 147 |
99. | 99 nullius 976210 264 932 443 |
100. | 100 GazetaBitcoin 1285797 157 503 240 |
+------------------------------------------------------------------------------------+
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Update 2020w46
What's new?- I planned to do this from that post
- Since this update, I included the account's creation date.
- This integration in turn causes a dramatic changes for new-era users. The weekly stats for weeks from 24 Jan 2018 to one week before the week in which they created accounts will be replace to missing value rather than 0 value.
- Some new-era users have big jumps in ranks and in median of weekly earned merit.
- Please accept my sorry if you see this update: @Ratimov, @zasad@, @Rikafip, @bullrun2020bro, @Bthd, @efialtis.
ABSTRACT- Period: 2018w4 - 2020w46 20nov2020 02:44:06 (GMT time).
- Observed weeks: 146
- Incomple weeks: 2018w4, 2020w47.
- The last merit transaction is at 20nov2020 02:44:06 (GMT time)
List of top 100 merit earners, sorted descendingly by sum of earned merits: +-------------------------------------------------------+
| rank_total username userid total |
|-------------------------------------------------------|
1. | 1 theymos 35 6961 |
2. | 2 LoyceV 459836 6139 |
3. | 3 o_e_l_e_o 1188543 5121 |
4. | 4 suchmoon 234771 4911 |
5. | 5 DdmrDdmr 1582324 4514 |
|-------------------------------------------------------|
6. | 6 fillippone 1852120 4508 |
7. | 7 El duderino_ 1067333 4268 |
8. | 8 Last of the V8s 479624 3885 |
9. | 9 gmaxwell 11425 3493 |
10. | 10 mikeywith 2033515 3216 |
|-------------------------------------------------------|
11. | 11 LFC_Bitcoin 379487 2929 |
12. | 12 Ratimov 2627711 2895 |
13. | 13 nutildah 317618 2785 |
14. | 14 The Pharmacist 487418 2726 |
15. | 15 1miau 2143453 2721 |
|-------------------------------------------------------|
16. | 16 achow101 290195 2551 |
17. | 17 HCP 867786 2550 |
18. | 18 JayJuanGee 252510 2445 |
19. | 19 TryNinja 557798 2441 |
20. | 20 Hhampuz 881377 2421 |
|-------------------------------------------------------|
21. | 21 xhomerx10 120694 2376 |
22. | 22 VB1001 1138727 2366 |
23. | 23 satoshi 3 2346 |
24. | 24 pooya87 379147 2302 |
25. | 25 TheBeardedBaby 1291828 2148 |
|-------------------------------------------------------|
26. | 26 bitmover 1554927 2056 |
27. | 27 nullius 976210 2029 |
28. | 28 hilariousetc 397737 1996 |
29. | 29 gentlemand 155345 1944 |
30. | 30 abhiseshakana 1878246 1926 |
|-------------------------------------------------------|
31. | 31 bob123 579628 1922 |
32. | 32 tranthidung 1292764 1922 |
33. | 33 DireWolfM14 2003859 1861 |
34. | 34 zasad@ 2654005 1860 |
35. | 35 philipma1957 64507 1825 |
|-------------------------------------------------------|
36. | 36 Toxic2040 239406 1818 |
37. | 37 Lauda 101872 1787 |
38. | 38 qwk 24140 1774 |
39. | 39 mocacino 405464 1755 |
40. | 40 Steamtyme 1112531 1739 |
|-------------------------------------------------------|
41. | 41 HairyMaclairy 181806 1737 |
42. | 42 Vod 30747 1736 |
43. | 43 BobLawblaw 569455 1735 |
44. | 44 marlboroza 787736 1714 |
45. | 45 xtraelv 897509 1689 |
|-------------------------------------------------------|
46. | 46 yogg 140827 1673 |
47. | 47 BitCryptex 1169179 1641 |
48. | 48 CryptopreneurBrainboss 1052091 1606 |
49. | 49 krogothmanhattan 1000199 1599 |
50. | 50 jojo69 49008 1596 |
|-------------------------------------------------------|
51. | 51 witcher_sense 1433865 1581 |
52. | 52 ETFbitcoin 359716 1575 |
53. | 53 Jet Cash 698159 1560 |
54. | 54 Coolcryptovator 1980983 1553 |
55. | 55 nc50lc 1237156 1551 |
|-------------------------------------------------------|
56. | 56 yahoo62278 355846 1549 |
57. | 57 roycilik 1051955 1520 |
58. | 58 hugeblack 1059082 1513 |
59. | 59 lovesmayfamilis 1982152 1483 |
60. | 60 Veleor 1177936 1483 |
|-------------------------------------------------------|
61. | 61 morvillz7z 1825672 1479 |
62. | 62 DarkStar_ 507936 1476 |
63. | 63 Rikafip 2658890 1474 |
64. | 64 OmegaStarScream 375981 1459 |
65. | 65 joniboni 1275282 1459 |
|-------------------------------------------------------|
66. | 66 mk4 886521 1446 |
67. | 67 mu_enrico 1574226 1444 |
68. | 68 Coding Enthusiast 879277 1442 |
69. | 69 Husna QA 1827294 1423 |
70. | 70 mole0815 1424178 1406 |
|-------------------------------------------------------|
71. | 71 Carlton Banks 64205 1376 |
72. | 72 taikuri13 1855828 1373 |
73. | 73 Lakai01 1724800 1372 |
74. | 74 LeGaulois 507856 1359 |
75. | 75 Plutosky 1237522 1354 |
|-------------------------------------------------------|
76. | 76 minerjones 346731 1354 |
77. | 77 tvplus006 1311641 1342 |
78. | 78 coinlocket$ 1339716 1334 |
79. | 79 asche 1580039 1329 |
80. | 80 stompix 164749 1317 |
|-------------------------------------------------------|
81. | 81 dkbit98 1410401 1316 |
82. | 82 bullrun2020bro 2744352 1306 |
83. | 83 TMAN 98986 1305 |
84. | 84 tyKiwanuka 1025255 1283 |
85. | 85 GazetaBitcoin 1285797 1240 |
|-------------------------------------------------------|
86. | 86 JSRAW 1210969 1239 |
87. | 87 Goran_ 1039323 1232 |
88. | 88 infofront 41175 1216 |
89. | 89 Kalemder 487377 1207 |
90. | 90 Lafu 805820 1204 |
|-------------------------------------------------------|
91. | 91 actmyame 465017 1179 |
92. | 92 masulum 1283017 1174 |
93. | 93 wwzsocki 131333 1172 |
94. | 94 khaled0111 1012655 1168 |
95. | 95 Piggy 188198 1159 |
|-------------------------------------------------------|
96. | 96 efialtis 2597426 1153 |
97. | 97 Bthd 1836948 1150 |
98. | 98 Xal0lex 1068464 1149 |
99. | 99 SaltySpitoon 38894 1148 |
100. | 100 Royse777 366632 1144 |
+-------------------------------------------------------+
Algorithm: The idea are a narrower IQR and higher p25 are better. IQR plays its role as spread of weekly earned merits. p25 plays its role as lower threshold of 50% weekly earned merits. - Descending median
- Ascending IQR (IQR = p75 - p25)
- Descending p25
The new algorithm means if 2 users have same median, their ranks will be decided by IQR, which user has lower IQR will have higher position in the list. Next, if 2 users still have same IQR, the last indicator will be used: p25. The user has higher p25 value will have higher position. +-------------------------------------------------------------------------------------------+
| rank_median username userid median iqr p25 p75 min max |
|-------------------------------------------------------------------------------------------|
1. | 1 LoyceV 459836 38 32.5 23 55.5 2 115 |
2. | 2 Ratimov 2627711 34.5 32 15.5 47.5 0 132 |
3. | 3 o_e_l_e_o 1188543 33 26.5 20 46.5 0 101 |
4. | 4 suchmoon 234771 29.5 26 18.5 44.5 0 148 |
5. | 5 El duderino_ 1067333 27 22 17 39 0 100 |
|-------------------------------------------------------------------------------------------|
6. | 6 DdmrDdmr 1582324 25.5 25 16 41 0 106 |
7. | 7 fillippone 1852120 25 51 2 53 0 141 |
8. | 8 bullrun2020bro 2744352 24 14 18 32 1 98 |
9. | 9 Last of the V8s 479624 23 23.5 13.5 37 0 118 |
10. | 10 zasad@ 2654005 23 27 12 39 0 73 |
|-------------------------------------------------------------------------------------------|
11. | 11 mikeywith 2033515 20.5 31 1 32 0 92 |
12. | 12 LFC_Bitcoin 379487 18 20.5 7 27.5 0 73 |
13. | 13 theymos 35 17.5 44.5 7 51.5 0 1328 |
14. | 14 Rikafip 2658890 17 18 12 30 0 100 |
15. | 15 nutildah 317618 16 23.5 4 27.5 0 94 |
|-------------------------------------------------------------------------------------------|
16. | 16 JayJuanGee 252510 15.5 16.5 6.5 23 0 54 |
17. | 17 1miau 2143453 15 21.5 4 25.5 0 100 |
18. | 18 achow101 290195 14 15 6.5 21.5 0 77 |
19. | 19 The Pharmacist 487418 14 17.5 7.5 25 0 93 |
20. | 20 HCP 867786 14 18 5 23 0 128 |
|-------------------------------------------------------------------------------------------|
21. | 21 gmaxwell 11425 14 25.5 5 30.5 0 178 |
22. | 22 pooya87 379147 13 15 6.5 21.5 0 48 |
23. | 23 VB1001 1138727 13 26 0 26 0 98 |
24. | 24 TryNinja 557798 12 14.5 6.5 21 0 173 |
25. | 25 xhomerx10 120694 12 14.5 5.5 20 0 121 |
|-------------------------------------------------------------------------------------------|
26. | 26 HairyMaclairy 181806 10.5 15 2 17 0 56 |
27. | 27 BobLawblaw 569455 10 10 5 15 0 57 |
28. | 28 philipma1957 64507 10 12.5 5 17.5 0 55 |
29. | 29 gentlemand 155345 10 13 5 18 0 74 |
30. | 30 efialtis 2597426 10 18 3 21 0 55 |
|-------------------------------------------------------------------------------------------|
31. | 31 TheBeardedBaby 1291828 10 20 4 24 0 52 |
32. | 32 Hhampuz 881377 9.5 19.5 4 23.5 0 92 |
33. | 33 ETFbitcoin 359716 9 10 4 14 0 50 |
34. | 34 bitmover 1554927 9 13 5 18 0 127 |
35. | 35 mocacino 405464 8.5 12 4 16 0 62 |
|-------------------------------------------------------------------------------------------|
36. | 36 Toxic2040 239406 8.5 21.5 0 21.5 0 105 |
37. | 37 mk4 886521 8 9 4 13 0 52 |
38. | 38 jojo69 49008 8 9 4 13 0 102 |
39. | 39 marlboroza 787736 8 11 3 14 0 79 |
40. | 40 Coolcryptovator 1980983 8 11.5 3 14.5 0 64 |
|-------------------------------------------------------------------------------------------|
41. | 41 mu_enrico 1574226 8 11.5 2 13.5 0 78 |
42. | 42 nc50lc 1237156 8 12.5 2 14.5 0 68 |
43. | 43 qwk 24140 8 13.5 2 15.5 0 88 |
44. | 44 bob123 579628 8 16 3 19 0 68 |
45. | 45 abhiseshakana 1878246 8 17.5 2 19.5 0 73 |
|-------------------------------------------------------------------------------------------|
46. | 46 hilariousetc 397737 8 19 1 20 0 90 |
47. | 47 Goran_ 1039323 7.5 9.5 2.5 12 0 36 |
48. | 48 hugeblack 1059082 7.5 12.5 2 14.5 0 62 |
49. | 49 CryptopreneurBrainboss 1052091 7.5 15.5 0 15.5 0 81 |
50. | 50 tranthidung 1292764 7.5 17 1 18 0 98 |
|-------------------------------------------------------------------------------------------|
51. | 51 taikuri13 1855828 7 10 3.5 13.5 0 36 |
52. | 52 Vod 30747 7 10.5 2.5 13 0 158 |
53. | 53 Carlton Banks 64205 7 11 2 13 0 76 |
54. | 54 BitCryptex 1169179 7 11.5 3 14.5 0 126 |
55. | 55 Plutosky 1237522 7 12 2 14 0 43 |
|-------------------------------------------------------------------------------------------|
56. | 56 Jet Cash 698159 7 12.5 2 14.5 0 65 |
57. | 57 yogg 140827 7 12.5 1.5 14 0 91 |
58. | 58 OmegaStarScream 375981 7 13 2 15 0 43 |
59. | 59 Steamtyme 1112531 7 14 2 16 0 115 |
60. | 60 DireWolfM14 2003859 7 17 0 17 0 84 |
|-------------------------------------------------------------------------------------------|
61. | 61 LeGaulois 507856 6.5 9 3 12 0 64 |
62. | 62 tvplus006 1311641 6.5 13.5 1 14.5 0 42 |
63. | 63 stompix 164749 6 9 3.5 12.5 0 62 |
64. | 64 Lafu 805820 6 9 2 11 0 41 |
65. | 65 asche 1580039 6 10 2 12 0 50 |
|-------------------------------------------------------------------------------------------|
66. | 66 Husna QA 1827294 6 10 2 12 0 62 |
67. | 67 DarkStar_ 507936 6 10 2 12 0 78 |
68. | 68 joniboni 1275282 6 11 3 14 0 54 |
69. | 69 khaled0111 1012655 6 12.5 0 12.5 0 42 |
70. | 70 minerjones 346731 6 13 1 14 0 67 |
|-------------------------------------------------------------------------------------------|
71. | 71 morvillz7z 1825672 6 13 1 14 0 58 |
72. | 72 krogothmanhattan 1000199 6 14 1 15 0 77 |
73. | 73 roycilik 1051955 6 14.5 2 16.5 0 48 |
74. | 74 Veleor 1177936 6 14.5 0 14.5 0 90 |
75. | 75 witcher_sense 1433865 6 17 0 17 0 76 |
|-------------------------------------------------------------------------------------------|
76. | 76 infofront 41175 5.5 10 2 12 0 74 |
77. | 77 lovesmayfamilis 1982152 5.5 16.5 0 16.5 0 45 |
78. | 78 mole0815 1424178 5 9 2 11 0 73 |
79. | 79 yahoo62278 355846 5 10 2 12 0 130 |
80. | 80 Coding Enthusiast 879277 5 11.5 0 11.5 0 116 |
|-------------------------------------------------------------------------------------------|
81. | 81 Lakai01 1724800 5 13 1 14 0 63 |
82. | 82 Xal0lex 1068464 4.5 8.5 1.5 10 0 116 |
83. | 83 coinlocket$ 1339716 4.5 9 2 11 0 98 |
84. | 84 wwzsocki 131333 4 9 1 10 0 70 |
85. | 85 actmyame 465017 4 10.5 1 11.5 0 66 |
|-------------------------------------------------------------------------------------------|
86. | 86 Royse777 366632 4 11 0 11 0 59 |
87. | 87 JSRAW 1210969 4 13 0 13 0 76 |
88. | 88 Lauda 101872 4 14 1 15 0 238 |
89. | 89 xtraelv 897509 4 16 1 17 0 104 |
90. | 90 satoshi 3 3 14.5 1 15.5 0 482 |
|-------------------------------------------------------------------------------------------|
91. | 91 tyKiwanuka 1025255 2 12.5 0 12.5 0 107 |
92. | 92 SaltySpitoon 38894 1.5 9.5 0 9.5 0 94 |
93. | 93 masulum 1283017 1.5 12 0 12 0 61 |
94. | 94 dkbit98 1410401 1.5 13 0 13 0 63 |
95. | 95 TMAN 98986 1 5 0 5 0 275 |
|-------------------------------------------------------------------------------------------|
96. | 96 Kalemder 487377 1 7 0 7 0 161 |
97. | 97 Bthd 1836948 1 9 0 9 0 92 |
98. | 98 Piggy 188198 1 12 0 12 0 85 |
99. | 99 nullius 976210 .5 16 0 16 0 180 |
100. | 100 GazetaBitcoin 1285797 0 9 0 9 0 82 |
+-------------------------------------------------------------------------------------------+
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All of the details and figures in this topic are secondary data, from third-party articles. I am not sure about their validity. I collected them and brought them here firstly for my self-reference in the future and lastly for you to read (if you've not known them yet) 2013See the article [1]- 96% is male
- Average age is 32.7
2015See the article [2] - Sample size: ~ 4000 responses
- 19-24: 16.53%
- 25-34: 39.4%
- Male: > 90%
2017In the article was published in August 2017 [3], but the infographic is from a survey from 2013 to 2015 (?) shows: - 39% of bitcoin users are young adults, ages from 25 to 34.
- More than 90% of them are male.
2019See the article [4] The propensity to purchase Bitcoin increased compare to the same data for 2017 and it seems more older guys intend to invest in Bitcoin. Despite the bear market, the percentage of people that indicated they are ‘very’ or ‘somewhat’ likely to buy Bitcoin in the next 5 years rose by nearly half — from 19% in October 2017 to 27% in April 2019.
Another article in 2019 [5] says - 18-24: 9.34%
- 25-34: 47.95%
- 55-64: 3.34%
- Male: 90.09%
2020The article [6, detailed data is unknown] shows the trend is shifting to older population and more females are engaged in crypto community. Traditionally, our users have been 25 to 45-year-old men, but that changed this year. We started to onboard in greater numbers 55-year-olds and into early retirees," she said. More women are starting to trade the currency too.
Addtionally, if you check the current statistics, the trend is growing to older stratification of the population. Check it with Coin.dance/statsI will input data and make bar charts for last pie charts (you can see differences better with bar charts rather than pie charts).
References[1] https://www.zerohedge.com/news/2013-03-10/demographics-bitcoin[2] https://www.coindesk.com/new-coindesk-report-reveals-who-really-uses-bitcoin[3] https://cointelegraph.com/news/bitcoin-users-who-they-are-and-what-they-do[4] https://medium.com/blockchain-capital-blog/bitcoin-is-a-demographic-mega-trend-data-analysis-160d2f7731e5[5] https://bitcoinist.com/google-analytics-bitcoin-demographics/[6] https://www.brisbanetimes.com.au/business/markets/this-time-it-s-different-bitcoin-eyes-new-all-time-high-as-big-money-piles-in-20201119-p56g3d.html |
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I would say wait for moon to take profits because I don't see a reason why the price would fall back at all. All the market charts and speculations are only positive and actually during such positive trading environment no one dumps while purchase of BTC keeps happening and yeah I guess it is a good idea to take some profits and move on but you might regret once we actually go to the moon in terms of prices.
Naturally you will lift up your price target if price of bitcoin moves up more and you will hesitate to take profit from price to price. Price can move higher sure but hesitation will prevent you taking profit and it also prevent you to react when bitcoin pulls back dramatically. I am bullish with bitcoin in the long run but it is not a time to be greed. Make your plan and protect your profit you have earned on the computer screen so far. Turn it into real profit, not only on the screen. The Doji has not yet appeared but it will do soon. |
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Seeing Bitcoin nearly at it's ATH, I'm planning to go short but that means I'm gonna end up with way less BTC now. (e.g. $25 = less than 0.0015 BTC)
Short answer: If you ask the question, you should not use leverage or margin trade to either short or long bitcoin. Long answer: You can always short bitcoin but you have to know what you are doing - Why you short bitcoin at a specific price? Why do you choose that price to short it?
- With each specific entry price, you might have reasons for it and have calculation and the calculation will be connected with the leverage you use.
- Window time to take profit or exit the order (no matter it is a win, loss, or draw). Your calculation will be based on some factors and it will not last forever.
Summary: Make calculations and use factors (parameters) for your calculation to have entry price, leverage, and window time to close your orders. I advice you to not use leverage or margin trade because you don't know what you are doing. Just to be safe and to protect your money. Cheers.  |
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Defi still in game. DEX will definitely be the trend and take place of centralized exchanges. Chinese investor here and Okex really f* me up.
Polka parachains might be the next opportunity and $DOT has started pumping already.
You should know that with DeFi you have more bonds with pools and it is worse than staking or masternode in the past. It is true that each person as an investor has personal favorite habit and taste to invest. Keep in mind that you have to afford any lose with risky investments. And please stop promote any shit token here.
I agree, defi era is not yet done, it is still hot these days and probably in the next few months, there are some good defi projects that has been created and become successful, there is some scenarios the when a project become successful some team members create a new token again the build it up like the first one and try to make it successful as well, and it's effective, I think next thing in crypto now is those defi projects or normal projects under BSC, I think it is a hot topic for now and many developers are using it now.
If you know that how the ICO era reached their all time high and collapsed, you would be more careful with DeFi. Tons of scam and they even don't give you any financial freedom. What DeFi projects and pools give you is greed and uncontrollable emotion then decisions. I have minor advice for you. Your post have many words but there is single dot. Please also see Bitcointalk posting etiquette
If this cycle plays out it's the one where Bitcoin puts itself above anything else so emphatically that the 'battle' will be over. The big wigs are not going to give many others a look in and the law of primacy will win out.
That's not to say there won't be a ton of action lower down but it's going to look increasingly puerile. Not that that's going to stop anyone of course.
Bitcoin does not need any battle. Altcoins (DeFi tokens are altcoins too) are created and try to seed their shit missions to take over bitcoin. I am sure they will all fail because bitcoin is the King, and backbone of the cryptocurrency market. I am not native English-speaker so your post is challenging me to catch your ideas. |
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7 years are long enough and you are grandfather on the forum. Many grandfather members left the forum but you don't. I hope you will be around for another 7 years.
Congratulations for your 1000 earned merit as long as you don't have to challenge yourself like that. Stay safe!
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I've set up my first mobile Android wallet with Electrum
Make sure you download it from the link there: https://electrum.org/#download and did not search to find it on Google Play that can trap you with phishing apps. I'm all for DYOR, but it would be nice to get some starter opinions on BTC exchanges first. I understand that these would be personal opinions.
I don't live in UK so I can not give you specific advice but there are two sites you can use to filter exchanges and there are reviews too: Also, I know not to leave BTC on the exchanges, but as far removing BTC goes is it best to send straight to hardware wallet (assuming you have one), or should you send it to say a mobile wallet first, or does it just not matter?
Non-custodial wallets are good. Hardware wallets are best but you are fine with non-custodial wallets if you secure your device, backup wallets, secure backups safely. But use mobile wallet and store all or big amount of your bitcoin on mobile is bad. If you use mobile wallet, use it with small amount of your bitcoin. Also do following things for settings: - PIN: set it up and turn it to ON
- Denomination: default is mBTC. I changed it to BTC. Choose the one you like.
- Check and make sure Replace-by-Fee is ON
- Fiat currency: if you want
- Fee estimates
- ETA (not recommended): it can give you overkill fee. Slide it to change the target.
- Mempool: recommended (slide it to choose the size from tip of mempool (1 block takes 1 MB from tip of mempool)
- Static: use it if you always want to pay a fix fee rate. (I chose 1 sat/ byte)
Change the default fee estimate from ETA to mempool or Static |
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Maybe for people already familiarized with the stats and values and terminology, it is not a problem, but for me, it would be extremely handy to have a brief description of each axis values meaning. I mean, on those plots where that can be applied.
I will include variable notes and might (or might not) include label variables for yaxis. With some plots, the plot titles are enough and there is no need to mess up plots with y labels.
Weekend to come soon and I have very good news for you! Mempool was cleared 3 hours ago now its total size is 5.1 MB. The climb of bitcoin recent hours put some hurry people use high fee but I won't think it will last long (based on the weekend effects) and very low transaction counts in the last 2 weeks. Check it there: https://jochen-hoenicke.de/queue/#1,2wMempool even was cleared on some non-weekend days, almost clear at least once for every day. |
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I am curious about the DeFi Index Perpetual Futures by FTX, how it works or what is/are the computations to get the index price?
Here you go with real chart, some notes, and Index Calculation Formula on FTX. It is obviously that the index is not a representative for all DeFi tokens. Chart: https://ftx.com/en/trade/DEFI-PERPDEFI-PERP tracks the price of a basket of Decentralized Finance coins, using a weighed average of the prices of KNC, MKR, ZRX, REN, REP, SNX, COMP, TOMO, RUNE, CRV, DOT, LINK, MTA, SOL, CREAM, BAND, SRM, SUSHI, SWRV, AVAX, YFI, UNI, WNXM, AAVE, BAL. Get exposure to 25 different coins with one future!
The Index Calculation Formula: https://help.ftx.com/hc/en-us/articles/360027668812-Index-CalculationDEFI: The Decentralized Finance (DeFi) Index contains the following coins and quantities:
Ticker Quantity
KNC 67.673
MKR 0.306
ZRX 243.498
REN 292.601
REP 1.752
SNX 43.216
COMP 1.274
TOMO 25.564
RUNE 71.456
CRV 34.845
DOT 44.316
LINK 15.649
MTA 2.916
SOL 15.134
CREAM 0.154
BAND 7.826
SRM 16.844
SUSHI 34.072
SWRV 2.612
AVAX 8.057
YFI 0.01
UNI 62.448
WNXM 0.665
AAVE 3.664
BAL 2.821
All elements of each index are weighted equally. All elements are capped at 30bp divergence from the median.
I thought the total volume of Defi is the last chart, the total value locked in DeFi.
The total value (USD) locked in DeFi is one side of the story. The point I want to emphasize is the over-inflated, fake and bubble marketcap from DeFi tokens. Most of those tokens are copy-cats, and they have extremely high inflation. With a specific token, you can see its marketcap increases but it does not mean the token value is increase. The marketcap increase probably comes from token inflation and cover the lost in token value. For me in Bitcoin Dominance, since last month I started to monitor closely it and I really expected it will visit again the 70% level, which it may correct again and fall or breakout with a massive pump again on Bitcoin.
With the over value from DeFi shit tokens, I still see a scenario for bitcoin to keep rising in domination to 70% (without the bubble from DeFi, I believe bitcoin will stop here and won't climb up to 70%). 3-day chart: What do you expect more amazing rise from bitcoin (of course with many more factors that are not discussed here) ? Anyway, I am preparing for 2 scenarios but I have more allocations of portfolio for the pull back of bitcoin. |
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What is bitcoin trying to do? - Bitcoin is bullish - Yes
- Greed is everywhere - Yes
- Where bitcoin want climbing up to?
Let's take a look at Mayer Multiple Band that is used to get a trend, for long-term investment (not for short-term) or intraday tradings. It is only one of tools you can use and there are bumpy-dumpy roads till bitcoin Moon. - If bitcoin breaks $20k and jumps into the Bullish-extension area, it might reach $27k.
- Further than that, the Overbought area might help bitcoin moving up to around $49k.
These things will partially depend on how DeFi tokens perform in the near future. See also Bitcoin, Altcoins, DeFi and what's next?I don't think the second scenario will happen in 2020 but bitcoin is always crazy and blows our minds away. Let's see and remember don't wait for Moon to take profit (do it partially along the journey), also don't use high leverages when market and traders are in crazy mood. |
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On what basis? CEXs are starting to copy what those DEXes did, and I bet most traders still look for liquidity with low cost for trading.
I honestly hope the next bull run will be fueled by utilities and fundamental usages instead of hype.
Who will need DEX? I remembered I read a discussion about it on the forum weeks ago. After DeFi plummeted, the reason was raised again that whether DEXes are better than CEXes and who will need DEXes. It does not take into account the fact that most of self-claim DEXes are actually not decentralized platforms at all. Flippening: Crypto Decentralized Exchanges Grew More Than Centralized Ones In Q3 2020IMO, the next trend will be the same as the cycle before.
What if ICO will come back in life and PayPal will start it out? Citibank is also showing the sign of its interest or they have already had an entry to it and they'll start the same hype as before?
My thought is it depends on the trend of the market: bull or bear. Big positive news always boosts the market up but its effects often are bigger in bull trend and smaller in bear trend. The same goes for negative news. Companies come and go and news are from them and their future development plan, more products for bitcoin/ crypto are only reasons whales use to boost the market and retailers wait for such news to FOMO. I believe defi will definitely reach to a level where they will have some sort of pull back from this level and they are not going to end up with anything lower than that and not going to have a higher but at the end of the day it is going to have some sort of steady going. Like sure it is not going to be this high, but it is not going to die down neither, it is going to be like 70% or so levels of this and they are going to end up with that 70% of today's volume for a very very long time.
Correct. It is what I am talking about in OP. DeFi hits their so-called resistance and bitcoin reaches its temp resistance in dominance. They should be pulled back. Unfortunately, the large capital (market cap) of DeFi (they are altcoins too) bias the domination rates and these contributors might give bitcoin a force to rise up more. Of course, it is only one side of the story and at the end, it depends on how whales will do next? Just note it and wait for the market actions. DEX is not there to leave for example, and there could be some defi tokens that will go down but there will be ones that will go up, and we are just going to accept it as it is.
They will exist but to say big success or a new revolution from them to come and will last long, I don't believe in such scenario. |
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I have a friend who did a transaction with a person who had good reputation on a P2P exchange and the trade was complete.
After few days, his account was blocked by cyber police because the money he received from the other guy had fraud amount in it.
Days passed by, money was stuck in account. After providing proofs and stuffs, they finally unfreezed the account.
What is the payment method your friend used to trade with the reputatable trade partner? Regarding to the trade partner, there are some factors you have to consider: - Trust score: You said the trade partner is reputable but how many trust score/ feedback that one has?
- On Paxful, the platform allows user to submit and import Trust score from other P2P platform. Note that for such trade partners, there will be a warning message on profile page about imported trust scores.
- Age of account: is it a year-old account or a few weeks or few months account.
- Total trade counts have been traded and total amount of BTC have been traded in history
- The favorite payment method: I can say scammers (especially with fraudulent, money laundering activities) will have their favorite payment methods are bank transfer or credit cards. They tend to trade with huge value (in fiat) for each trade.
- The margin or rate of orders: they try to create offers with margin or rates that superb attractive (too good to be true, in other words). If you are greed, you will open trades with them. Troubles to come!
Don't be over-greed and don't blame on platform or anything. Re-assess your trading behaviour and avoid same mistakes. This was a lesson. Hence, I recommend everyone to not do P2P transaction because you don't know who the other person really is. They can be fraud or anything. Better use centralized exchanges so that you are safe and you have records of transactions!
Sure. It is a valuable lesson but each type of exchange or marketplace has different pros and cons. Even on a same exchange or marketplace, each payment method requires different trading skills and risk management. Each period has different level of risks. There are period or days when scammers are more actively in giftcard trades, example. If you realize such, let's halt your gift-card trades and wait for other days.
Choose the one that fits your knowledge, skills, profit-risk management! |
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