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Poll
Question: How much bitcoin do you own? (Answer by your geographic region in the world)
</= 1 : Europe
</= 1 : Russia
</= 1 : Middle East
</= 1 : India & Asia
</= 1 : Aus. & South Pacific Islands
</= 1 : North America
</= 1 : Central America
</= 1 : South America
</= 1 : Africa
10 > 1 : Europe
10 > 1 : Russia
10 > 1 : Middle East
10 > 1 : India & Asia
10 > 1 : Aus. & South Pacific Islands
10 > 1 : North America
10 > 1 : Central America
10 > 1 : South America
10 > 1 : Africa
50 > 10 : Europe
50 > 10 : Russia
50 > 10 : Middle East
50 > 10 : India & Asia
50 > 10 : Aus. & South Pacific Islands
50 > 10 : North America
50 > 10 : Central America
50 > 10 : South America
50 > 10 : Africa
> 50 : Europe
> 50 : Russia
> 50 : Middle East
> 50 : India & Asia
> 50 : Aus. & South Pacific Islands
> 50 : North America
> 50 : Central America
> 50 : South America
> 50 : Africa
None : Not specific to geography
</= 1 : UK
10 > 1 : UK
50 > 10 : UK
> 50 : UK

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Author Topic: NEED YOUR VOTE: Bitcoin Wealth by Region  (Read 3296 times)
Possum577
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July 23, 2015, 06:19:46 PM
Last edit: July 31, 2015, 04:35:24 PM by Possum577
 #1

I know there's been a lot of talk/polls about the spread of bitcoin wealth. I thought it would be appropriate to refresh that understanding (since there are a lot of newer members here) and overlay that distribution of bitcoin wealth with geographic location.

Please select the option that aligns with your bitcoin wealth and geographic location.

Please don't put your answer in a comment/reply, only share your comments to discuss the outcomes, findings, or theories on the data.

Thanks...

EDIT: If you've previously voted for a "UK & Europe" choice, and live in the UK, I encourage you to revote for the new UK-only categories.

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July 23, 2015, 06:24:25 PM
 #2

I know there's been a lot of talk/polls about the spread of bitcoin wealth. I thought it would be appropriate to refresh that understanding (since there are a lot of newer members here) and overlay that distribution of bitcoin wealth with geographic location.

Please select the option that aligns with your bitcoin wealth and geographic location.

Please don't put your answer in a comment/reply, only share your comments to discuss the outcomes, findings, or theories on the data.

Thanks...

Nice poll. I always wanted to know how BTC's distribution is spread across the world, unfortunately it's impossible to know. You should post this on reddit to get as much traffic as possible so we can get some decent guesstimate. A lot of people in reddit that don't visit this forum and reddit has 170.000+ users on the bitcoin reddit.
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July 23, 2015, 06:28:22 PM
 #3

I know there's been a lot of talk/polls about the spread of bitcoin wealth. I thought it would be appropriate to refresh that understanding (since there are a lot of newer members here) and overlay that distribution of bitcoin wealth with geographic location.

Please select the option that aligns with your bitcoin wealth and geographic location.

Please don't put your answer in a comment/reply, only share your comments to discuss the outcomes, findings, or theories on the data.

Thanks...

Nice poll. I always wanted to know how BTC's distribution is spread across the world, unfortunately it's impossible to know. You should post this on reddit to get as much traffic as possible so we can get some decent guesstimate. A lot of people in reddit that don't visit this forum and reddit has 170.000+ users on the bitcoin reddit.

At least from this poll we will know where are the majority amount of bitcoin is been. Though this poll is just source from this forum member
Possum577
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July 23, 2015, 06:34:29 PM
 #4

I know there's been a lot of talk/polls about the spread of bitcoin wealth. I thought it would be appropriate to refresh that understanding (since there are a lot of newer members here) and overlay that distribution of bitcoin wealth with geographic location.

Please select the option that aligns with your bitcoin wealth and geographic location.

Please don't put your answer in a comment/reply, only share your comments to discuss the outcomes, findings, or theories on the data.

Thanks...

Nice poll. I always wanted to know how BTC's distribution is spread across the world, unfortunately it's impossible to know. You should post this on reddit to get as much traffic as possible so we can get some decent guesstimate. A lot of people in reddit that don't visit this forum and reddit has 170.000+ users on the bitcoin reddit.

Thanks for the suggestion - I'll set it up on Reddit and then post a link here so people here can also contribute to that poll. Thanks for your compliments. Understanding the wealth distribution would be really valuable for researchers, bitcoin business marketers, and the general curious cats (like myself)!

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July 23, 2015, 06:42:58 PM
 #5

Post 2013 this would probably be Asia, with China being the wealthiest Bitcoin country right now judging by their minting presses and high volume exchanges. 
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July 23, 2015, 06:54:15 PM
 #6

Post 2013 this would probably be Asia, with China being the wealthiest Bitcoin country right now judging by their minting presses and high volume exchanges. 
Chinese owns the majority of bitcoin miners as of now. But it is actually unknown if every bitcoin mined there stays in chinese hands, thus exchange volume.
They could be mining and selling at the same time to the rest of the world. It's actually really hard to determine ownership of the bitcoins. In poll like this we could only reach a tip of an iceberg.


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vm_mpn
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July 23, 2015, 08:26:27 PM
 #7

Post 2013 this would probably be Asia, with China being the wealthiest Bitcoin country right now judging by their minting presses and high volume exchanges. 
Chinese owns the majority of bitcoin miners as of now. But it is actually unknown if every bitcoin mined there stays in chinese hands, thus exchange volume.
They could be mining and selling at the same time to the rest of the world. It's actually really hard to determine ownership of the bitcoins. In poll like this we could only reach a tip of an iceberg.


Yes, it's a valid point... I often wonder how much of mined BTC China actually keeps.
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July 23, 2015, 08:36:35 PM
 #8

I know there's been a lot of talk/polls about the spread of bitcoin wealth. I thought it would be appropriate to refresh that understanding (since there are a lot of newer members here) and overlay that distribution of bitcoin wealth with geographic location.

Please select the option that aligns with your bitcoin wealth and geographic location.

Please don't put your answer in a comment/reply, only share your comments to discuss the outcomes, findings, or theories on the data.

Thanks...

Great poll, thanks for starting it. I always wondered where the most Bitcoins are located at geographically. I am looking forward seeing the results.
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July 23, 2015, 09:01:23 PM
 #9

For those that enjoy a poll like this, please promote it by sharing the link with other forum members you talk to or posting it in appropriate threads.

The more people that participate the better our results will be and many of the long-time members don't frequent the Bitcoin discussion because the talk can be so general sometimes.

Thanks.

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July 23, 2015, 09:41:43 PM
 #10

The thing with this is, I expect a lot of the BTC to reside in china because major big mining companies are around there, so we would need the Chinese posters to be aware of this and vote too..
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July 24, 2015, 12:04:12 AM
 #11

The thing with this is, I expect a lot of the BTC to reside in china because major big mining companies are around there, so we would need the Chinese posters to be aware of this and vote too..

If you know of Chinese members that don't frequent the Bitcoin discussion, please feel free to share the link to this thread with those members or perhaps post it in the local forum.

The more participants we have the more better the analysis will be!

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July 24, 2015, 03:51:22 AM
 #12

Post 2013 this would probably be Asia, with China being the wealthiest Bitcoin country right now judging by their minting presses and high volume exchanges.  
Chinese Yuan is most traded fiat currency with BTC, following by Dollar! I cannot understand why do you put India and Asia together. The most Chinese users normally go to 8btc.com, pupular Chines crypto community, due to the blocked access to bitcointalk.org. Probably we need to refer this poll to there.


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Possum577
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July 24, 2015, 05:32:22 AM
 #13

Post 2013 this would probably be Asia, with China being the wealthiest Bitcoin country right now judging by their minting presses and high volume exchanges.  
Chinese Yuan is most traded fiat currency with BTC, following by Dollar! I cannot understand why do you put India and Asia together. The most Chinese users normally go to 8btc.com, pupular Chines crypto community, due to the blocked access to bitcointalk.org. Probably we need to refer this poll to there.

Because I had a hunch that India wouldn't have many votes and I wanted to minimize the number of choices...as it stands there are 37 choices. Another 4 seemed like too many, had to draw the line somewhere. I also could have separated Western and Eastern Europe.

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July 24, 2015, 05:46:43 AM
 #14

it turns out the people of Europe a lot of which exceeds its nominal bitcoin 10 -_-
we are living in Asia alone can not achieve 1,
maybe you can share advice on how you can get more than 10 Grin

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July 24, 2015, 06:29:25 AM
 #15

I know there's been a lot of talk/polls about the spread of bitcoin wealth. I thought it would be appropriate to refresh that understanding (since there are a lot of newer members here) and overlay that distribution of bitcoin wealth with geographic location.

Please select the option that aligns with your bitcoin wealth and geographic location.

Please don't put your answer in a comment/reply, only share your comments to discuss the outcomes, findings, or theories on the data.

Thanks...

Good poll but I think that there it will not be an accurate result from it. To many people which have bitcoins are not at all members at this forum. Then, even those who are members must find this poll in the hundred threads that are in bitcointalk. And at the end they must be convicted to vote.

Anyhow I think that the result will be better if this thread can be stick at the top of the main thread. Try to do this....
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July 24, 2015, 06:49:12 AM
 #16

Made my vote, though I'm constantly dipping in and out of Bitcoin holdings, right now I have zero but usually between 10 and 50 Smiley
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July 24, 2015, 07:21:22 AM
 #17

it turns out the people of Europe a lot of which exceeds its nominal bitcoin 10 -_-
we are living in Asia alone can not achieve 1,
maybe you can share advice on how you can get more than 10 Grin

I think this has to do only with the purchasing power. People in Europe and the US are making more money and have higher salaries so they can spend easier 10% of their income on Bitcoin each month.

Pretty much wealthy getting even wealthier! Smiley
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July 24, 2015, 07:48:00 AM
 #18

I would have opted for a Poll not linked to any forum. Now people would need to register at a forum to take part. Lots of people would not do that, and would be excluded from this.
Do what the other people on this forum do, and use a free online Poll / Survey site. You can then link that to this forum and reddit and other forums and social media, without people having to signup for it, to take part. 

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July 24, 2015, 09:01:26 AM
 #19

That is nice survey pool to know about how many people involved now into this revolutionary crypto currency from different regions around the globe, i also submitted my vote there.
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July 24, 2015, 09:08:37 AM
 #20

Nice poll! Good idea! For the "forum users" vote a poll like this.

This type of data can be "derived" from the distribution of bitcoin core ip, or " following " transaction in the block chain, seeing the "miner" address…
Probably a mixer can invalidate this type of calculation, or software like tor, vpn etc…
A big wallet, or user with big amount also can create an outliers in this type of database…it's a statistic difficult to analyze in scientifically way….
(my 2 cents... about this… )

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