Only 40.000 People use Bitcoin?

[Miracal]

it might be possible that there are only 40 thousand active users because popularity of bitcoin is growing really slowly or even shrinking but i guess that people are just holding bitcoins and waiting for big price jumps

I don't think so that the active users of bitcoin are only 40,000. You think bitcoin would be able to maintain this price with only 40,000 people using it actively? The reason I find this data innacurate is because it has been calculated by the stats of a wallet prodiver, a singlular wallet provider! There are so many people who use bitcoin but not everybody who use wallets, many don't even know what's a bitcoin wallet.

[Meuh6879]

But only 250.000(sic!) adresses are active ... https://blockchain.info/charts/n-unique-addresses. In january the number dropped to 116.000.

cheated stats.
i have many wallets to avoid problem ... and somes have don't touch since 2 years.

usual users of Bitcoins have cold storage (safe, unconnected) and hot storage (phone, connected).
So, like 3 cold storage and 1 hot storage.

[Andy4.4]

But only 250.000(sic!) adresses are active ... https://blockchain.info/charts/n-unique-addresses. In january the number dropped to 116.000.

cheated stats.
i have many wallets to avoid problem ... and somes have don't touch since 2 years.

usual users of Bitcoins have cold storage (safe, unconnected) and hot storage (phone, connected).
So, like 3 cold storage and 1 hot storage.

OK just one question.
If I have to keep my private keys safe for 4 to 5 years.
What is the best way to do so   Because storing digitally in a pen drive is a little bit risky, I mean God knows if it will work or not after 5 years.

[TPTB_need_war]

But only 250.000(sic!) adresses are active ... https://blockchain.info/charts/n-unique-addresses. In january the number dropped to 116.000.

I don't understand why upthread comments say that you are only quoting data for one wallet. The above data is for all addresses on the block chain. Duh!    

I think it is very likely that Bitcoin adoption has stalled.

And it is very likely that active use is much less than a million users.

There are likely a million+ users who hold balances though.

I wouldn't worry about it. We are heading into a low price below $100 for Spring 2016, because the $usd is coming so strong due to the contagion in Europe, China, and developing markets. Commodities are declining.

Next year we will bottom and see the interest in private assets grow again, but it will be driven more by anti-government sentiment (due to expropriation in the EU) and thus anonymous coins will receive much more interest than Bitcoin.

Hi klee. Thanks for that.

however, i was hoping for a chart resembling this, with gold charted in.

[HarHarHar9965]

But only 250.000(sic!) adresses are active ... https://blockchain.info/charts/n-unique-addresses. In january the number dropped to 116.000.

cheated stats.
i have many wallets to avoid problem ... and somes have don't touch since 2 years.

usual users of Bitcoins have cold storage (safe, unconnected) and hot storage (phone, connected).
So, like 3 cold storage and 1 hot storage.

OK just one question.
If I have to keep my private keys safe for 4 to 5 years.
What is the best way to do so   Because storing digitally in a pen drive is a little bit risky, I mean God knows if it will work or not after 5 years.

I would advise you to save it on a digital drive and properly store your access details with you, which you seem would be suitable to survive for many years, maybe you can save it in locker services provided by financial institutions. I think that you should rather save it and make a copy or two of it, and save it with yourself personally in a locker at home or under the bed, who the fuck knows.

[bitone]

Thanks for all the answers, but the core point was NOT answered or disproved.

But only 250.000(sic!) adresses are active ... https://blockchain.info/charts/n-unique-addresses. In january the number dropped to 116.000.

That is a fact. So today, there are 225.000 bitcoin adresses today that have more than 0 BTC balance and as you all mentioned, that a user has more than one adress, the number of users is somewhere near 40.000 users.

A lot of answers in the thread have been:

- A user has more than one adress
- Lots of users use cold storage

I totally agree with you. But that even underlines my argument. My assumption is, that a user has one or more exclusive bitcoin adresses. I see no case, that users would share an adress. I assume that each blockchain.info wallet is associated with at least one unique adress.

My definition of a user is a hodler. A person that holds bitcoin at the moment. And that maximum is 225.000 persons today.

If I assume that a user has on average 5 adresses, than there are round about 40.000 people that hold bitcoin.

The only argument that I could see, is that wallet services like blockchain.info use shared adresses. But I just checked and can confirm that I have a unique adress.

Looking forward to your feedback!


Bitone

[criptix]

Thanks for all the answers, but the core point was NOT answered or disproved.

But only 250.000(sic!) adresses are active ... https://blockchain.info/charts/n-unique-addresses. In january the number dropped to 116.000.

That is a fact. So today, there are 225.000 bitcoin adresses today that have more than 0 BTC balance and as you all mentioned, that a user has more than one adress, the number of users is somewhere near 40.000 users.

A lot of answers in the thread have been:

- A user has more than one adress
- Lots of users use cold storage

I totally agree with you. But that even underlines my argument. My assumption is, that a user has one or more exclusive bitcoin adresses. I see no case, that users would share an adress. I assume that each blockchain.info wallet is associated with at least one unique adress.

My definition of a user is a hodler. A person that holds bitcoin at the moment. And that maximum is 225.000 persons today.

If I assume that a user has on average 5 adresses, than there are round about 40.000 people that hold bitcoin.

The only argument that I could see, is that wallet services like blockchain.info use shared adresses. But I just checked and can confirm that I have a unique adress.

Looking forward to your feedback!


Bitone

Please look at this:
https://blockchain.info/charts/my-wallet-n-users

What is your conclusion if there would be only 40k users?

[herzmeister]

that the average user hodls about 525 bitcoins

[HeroCat]

People using online and hardware wallets. Largest online BTC wallet of course is Blockchain. So in fact it will be very difficult to find the exact number of BTC users 

[Erdogan]

There is about 32 million unspent outputs. Assuming (finger-in-ass statistics) that each user has 3 outputs, that means 10 million users.


bitcoin-cli gettxoutsetinfo
{
    "height" : 368844,
    "bestblock" : "000000000000000009903b717a12e67406fe2367d81978660ef54b4ac897f9e6",
    "transactions" : 6861102,
    "txouts" : 32955971,
    "bytes_serialized" : 1047605254,
    "hash_serialized" : "6ffd5faad9c8fe2e9b6667e509e44982a2789f08e7bdbf601f0ff0ac9fe17810",
    "total_amount" : 14470964.76614708
}

[Erdogan]

And according to this:

http://statoshi.info/dashboard/db/unspent-transaction-output-set

the number has exploded during the last two monts.