Is Bitcoin growth going exponential?

[andy35]

This means nothing just like the number of transactions which is made by Bots  (faucets , gambling websites & exchanges) and people keep losing their passwords & private keys so they logically make another wallet (by ignoring the fact that online wallets are the worst wallets to use) .

Satoshi advised us to use a new address for every transaction if we wanted to remain semi-anonymous. Some blockchain.info users might be creating a new account for every transaction, which would create the illusion of masses of new users signing up each month. The amount of active wallets constantly being reused might give a better indicator of the amount of real blockchain.info users, though that would discount those users attempting to remain anonymous.

[thejaytiesto]

It has never stopped growing nevertheless of VC money, or the actual price or mining hashrate or nodes used... it just doesn't seem to care when it comes to actual growth. This is good news, it only means that no matter what, more and more traffic is coming in within the eco system, which means once the software gets perfected and we can deal with more people, the growth will be even bigger.

[BTChaintrader]

Right now there is no exponential growth. But I think that it will be the same as the internet for example or like the computers. When the time for exponential growth comes, within 18 months the Bitcoin community will grow to 20-40 million and then after 6-8 months it will grow to over 200 million people. The rest will be a history... in my opinion.

[Cereberus]

Right now there is no exponential growth. But I think that it will be the same as the internet for example or like the computers. When the time for exponential growth comes, within 18 months the Bitcoin community will grow to 20-40 million and then after 6-8 months it will grow to over 200 million people. The rest will be a history... in my opinion.

But this is all illusionary.
Those numbers are derived from now conclusive data. Bitcoin numbers are non quantitative.
The number of bitcoin users can not be measured accurately.

note:
quantitative - a type of information or data that is based on quantities obtained using a quantifiable measurement process. In contrast, qualitative information records qualities that are descriptive, subjective or difficult to measure.

[Slark]

There is no way to determine accurate number of bitcoin users. I can't operate on hard numbers, we can only estimate.
Number of transactions, number of created blockchain.info wallets or number od addresses mean nothing really.
We can't judge numbers based on that info. My guess bitcoin is far from exponential growth, we are still behind.

[Cereberus]

There is no way to determine accurate number of bitcoin users. I can't operate on hard numbers, we can only estimate.
Number of transactions, number of created blockchain.info wallets or number od addresses mean nothing really.
We can't judge numbers based on that info. My guess bitcoin is far from exponential growth, we are still behind.

Yes, far behind of what these numbers want to show the community, thus pump it's value.

[zircon]

1- 1.5M = 97 days
1.5 - 2M = 122 days
2 - 2.5M = 97 days
2.5 - 3M = 99 days
3 - 3.5M =  102 days
3.5 - 4M =  76 days
4 - 4.5M = 57 days

let's hope for 45 days next 500k.

[Amph]

1- 1.5M = 97 days
1.5 - 2M = 122 days
2 - 2.5M = 97 days
2.5 - 3M = 99 days
3 - 3.5M =  102 days
3.5 - 4M =  76 days
4 - 4.5M = 57 days

let's hope for 45 days next 500k.

i have another theory on how the price will grow based on adoption, currently we are 3M+ as a users base and the market cap is around 4B and the price is near 300

i believe the ratio is around 1:1:1 between these three factors, so to have a 10k price for bitcoin we nee 100M users at least

[zircon]

3M users...who knows. What do you base that on? I've seen anything from 500k users to 5M users flying around.

3M sounds potentially reasonable although I would not be surprised if there are say 1.5M only at this stage.

[Amph]

3M users...who knows. What do you base that on? I've seen anything from 500k users to 5M users flying around.

3M sounds potentially reasonable although I would not be surprised if there are say 1.5M only at this stage.

just an estimation, based on what i've gathered online, many website have reported that numbers of user, if it is more than 3M than the 1:1:1 ratio will be more true

for example this http://www.cnbc.com/2015/03/17/bitcoin-to-near-5m-active-users-by-2019-remain-niche-study.html

[zircon]

I don't trust that article...if there are 3M now and we get expected S-curve adoption/growth I can imagine 50M in 2019. Maybe a bit more,maybe a bit less but in that ballpark.

[Mickeyb]

3M users...who knows. What do you base that on? I've seen anything from 500k users to 5M users flying around.

3M sounds potentially reasonable although I would not be surprised if there are say 1.5M only at this stage.

I find this hard to believe. I honestly think that in whole Bitcoin industry there is no more than 1M users. Of course, I wish I am wrong. I wish that there is 10M, but I don't think that's possible.

Heck just on this forum, there is a bit more than half a million registered users. I know this doesn't mean a lot, but it's a number for some sort of reference however.

[zircon]

I thought coinbase alone had something like 2M registered users. Unique ones.

Not sure if I misunderstood that.

[ashour]

The price will rise in preparation for the block halving, there is a major rumor that the bitcoin price will rise after the block halving so people are now buying in. 4.5 M wallets must belong to atlas 1-2 million people.

[maokoto]

Do not think it has exponential growth. Just common sense tells it. At least, not fast-exponential enough to notice it along several months. Maybe it will have double value in 100 years and five fold value in 200 (that would be exponential) but it would not matter really.

[darkangel11]

2 years ago the price was fairly close to what it is now. What growth?

[VirosaGITS]

2 years ago the price was fairly close to what it is now. What growth?

Actually, 2 years ago it was at 110$, since then we had the MtGox manipulate the price to a massive extent, then crash to all hell, according to people, survive several "official deaths" and now we're at a stable 200$+

If you don't see the growth difference between value one and two, then no i guess there wasn't any growth(?)

[coinplus]

2 years ago the price was fairly close to what it is now. What growth?

Actually, 2 years ago it was at 110$, since then we had the MtGox manipulate the price to a massive extent, then crash to all hell, according to people, survive several "official deaths" and now we're at a stable 200$+

If you don't see the growth difference between value one and two, then no i guess there wasn't any growth(?)

The past price number has nothing to do with future predictions. Because the user base and bitcoin accepting business are completely different when we comparing. The real potential of bitcoin only will come out when no one is prepared to face it.

[gentlemand]

2 years ago the price was fairly close to what it is now. What growth?

One thing to bear in mind is how many more coins there are around now compared to back then. There are three million more or so.

[Amph]

The growth in the usage of bitcoin has been exponential from the start... As the rate of adoption inceases, the pace of growth accelerates even more

yet we are stuck since more than a year already, the impact of the last ATH from the big dumping that happened afterward, has frozen the good opinion that many had about bitcoin

now, because of that they are reluctant to trust bitcoin again, and this will not change until further improvements on any aspect of bitcoin