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Author Topic: how many people in the world own any amount of Bitcoin?  (Read 2776 times)
jonald_fyookball (OP)
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July 29, 2015, 06:08:28 AM
 #1

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


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July 29, 2015, 06:10:36 AM
 #2

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?Smiley
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July 29, 2015, 06:35:49 AM
 #3

I think there are only 1% or maybe less people of the world which are holding and having bitcoins.
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July 29, 2015, 06:59:23 AM
 #4

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



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.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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July 29, 2015, 07:09:15 AM
 #5

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

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

Hopalong
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July 29, 2015, 07:10:38 AM
 #6

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

Most adresses is empty or contain dust.
VirosaGITS
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July 29, 2015, 07:10:52 AM
 #7

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!


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Derrike
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July 29, 2015, 07:14:13 AM
 #8

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

Most adresses is empty or contain dust.
Yes you are right.
When I downloaded electrum it popped out 27 alternative addresses within it.
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July 29, 2015, 07:16:13 AM
 #9

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
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July 29, 2015, 07:28:48 AM
 #10

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

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July 29, 2015, 07:43:01 AM
 #11

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



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.
Hopalong
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July 29, 2015, 07:44:08 AM
 #12

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.
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July 29, 2015, 07:51:34 AM
 #13

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



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.
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July 29, 2015, 08:06:43 AM
 #14

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

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

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.

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.

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.

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.

All my addresses have less than 2 btc in them. So, those 230k addresses do not include any of mine.  Cheesy
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July 29, 2015, 08:53:21 AM
 #15

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

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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July 29, 2015, 08:54:18 AM
 #16

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.
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July 29, 2015, 08:54:41 AM
 #17

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



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

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July 29, 2015, 09:42:56 AM
 #18

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!

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..
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July 29, 2015, 01:18:05 PM
 #19

250K PEOPLE is my guess.
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July 29, 2015, 01:49:09 PM
 #20

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