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Question: What percentage of people on Earth will own Bitcoin by 2020
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Author Topic: What percentage of people on Earth will own Bitcoin by 2020  (Read 45990 times)
BeGoods
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February 26, 2017, 12:56:43 AM
 #601

I went with 2-5% but that's being optimistic, realistically I think bitcoin ownership will stay under 2%. Even if bitcoin ownership increased by a magnitude of 10 it would still be less than 2%. We are still in the early days.
maybe I will be optimistic bitcoin users would probably only reach 2-5% of the total world population. if you want to see 90% of the world population using bitcoin. it will take the next decade

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February 26, 2017, 01:15:25 AM
 #602

I went with 2-5% but that's being optimistic, realistically I think bitcoin ownership will stay under 2%. Even if bitcoin ownership increased by a magnitude of 10 it would still be less than 2%. We are still in the early days.
maybe I will be optimistic bitcoin users would probably only reach 2-5% of the total world population. if you want to see 90% of the world population using bitcoin. it will take the next decade
That number is too optimistic, when half of the human population have problems accessing water when one third don’t have electricity, I don’t think we are anywhere close to reach a number like that, if we reach one percent before this decade ends we should consider ourselves lucky.

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February 26, 2017, 08:41:46 AM
 #603

I went with 2-5% but that's being optimistic, realistically I think bitcoin ownership will stay under 2%. Even if bitcoin ownership increased by a magnitude of 10 it would still be less than 2%. We are still in the early days.
maybe I will be optimistic bitcoin users would probably only reach 2-5% of the total world population. if you want to see 90% of the world population using bitcoin. it will take the next decade
That number is too optimistic, when half of the human population have problems accessing water when one third don’t have electricity, I don’t think we are anywhere close to reach a number like that, if we reach one percent before this decade ends we should consider ourselves lucky.
Or should we say that number is too unrealistic, the progress that we see based on the current value of bitcoin now does not automatically reflect the real value of bitcoin as we know that price can be manipulated. Making that kind of speculation or projection in the future would help you to buy more and be profitable but you will not achieve the profit you are expecting.


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February 26, 2017, 09:38:10 AM
 #604

By 2020 I think there might be only 2-5% of the world's population that use bitcoin since many of the world's population especially poor ones cannot afford a phone or a pc with internet connection to use bitcoin on a daily basis. Unless there will be a way to use bitcoin offline without having to use internet, the probability of having 5% more than the world's population using bitcoin by 2020 is still a pipe dream.
Agree I think bro 5% is good because all people around the world is about 7-8 billion so if its 5%  it also big. Yes many poor countries cannot afford to buy cellphone or PC because they need to do first they needs everyday.they  need also internet connection and they need to pay it also.  I don't think bitcoin can use in offline it cannot easily works the bitcoin price cannot be determine because you buy offline and what if you want to sell it. I don't think it is happen. If many people know about bitcoin in 2020 I think bitcoin price will increase to the high level.

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February 26, 2017, 09:39:16 AM
 #605

it's impossible to reach those levels : 30-40 , 40-50 , 50-60 , 60-70 , 80-90 , 90-100 .
i think it's just will reach between 2-5 or 5-10 by 2020 .
but after 10 years ,the percentage will be 50-60 . i think that .

I agree that around 5% - 15% of global population will own bitcoin by 2020.  There are lots of country that don't have access to internet so that will be the first problem.  Second is the on going bad press about bitcoin which make merchants to have second thought on adopting bitcoin .  Added the illiteracy of people on using digital gadget.
It's anyway depends on people local mentalities, trust in any other currency, then there own fiat money. And some countries, not welcoming digital currencies politics, because of easiest and non-informative transactions (Names, birthday date etc...) which allows people to purchase : weapons, drugs, illegal stuff. And it should be around 2%-5% on my opinion

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February 26, 2017, 09:41:56 AM
 #606

it's impossible to reach those levels : 30-40 , 40-50 , 50-60 , 60-70 , 80-90 , 90-100 .
i think it's just will reach between 2-5 or 5-10 by 2020 .
but after 10 years ,the percentage will be 50-60 . i think that .

I agree that around 5% - 15% of global population will own bitcoin by 2020.  There are lots of country that don't have access to internet so that will be the first problem.  Second is the on going bad press about bitcoin which make merchants to have second thought on adopting bitcoin .  Added the illiteracy of people on using digital gadget.
It's anyway depends on people local mentalities, trust in any other currency, then there own fiat money. And some countries, not welcoming digital currencies politics, because of easiest and non-informative transactions (Names, birthday date etc...) which allows people to purchase : weapons, drugs, illegal stuff. And it should be around 2%-5% on my opinion
It still not unpredictable, there some researching to determining the specifical amount of the bitcoin users but it seems like it will be never happening. A lot of the problems such as the lack of knowledge by people around the world about bitcoin will make it just get a little increase everytime.

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February 26, 2017, 10:13:48 AM
 #607

I've been running a poll for some time now about the value of 1 bitcoin by 2020 and it's safe to say a lot of different opinions and guesses are made.
This poll completes the other one and i'm really looking forward to everyone's input in this.

Tnx for your input  Cool

remember now in 2017 is still a small percentage of users bitcoin in the world in 3 years I think bitcoin users still have a small percentage and bitcoin will not achieve maximum results in 3 years, bitcoin still took a long time again and support from government to maximize the users bitcoin


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March 02, 2017, 01:52:28 AM
 #608

I personally hope that everyone is going to use the Bitcoin by that time but i don't think that it will happen.
I think that it will be between the 5 and 10 percent but everything can happen, so it could be more.
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March 06, 2017, 01:10:06 AM
 #609

I went with 2-5% but that's being optimistic, realistically I think bitcoin ownership will stay under 2%. Even if bitcoin ownership increased by a magnitude of 10 it would still be less than 2%. We are still in the early days.
it is still too short to say that bitcoin will have a very large number of users. I knew the development and deployment of bitcoin kept walking
but 2020 is still too short time

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March 06, 2017, 03:28:33 AM
 #610

I went with 2-5% but that's being optimistic, realistically I think bitcoin ownership will stay under 2%. Even if bitcoin ownership increased by a magnitude of 10 it would still be less than 2%. We are still in the early days.
it is still too short to say that bitcoin will have a very large number of users. I knew the development and deployment of bitcoin kept walking
but 2020 is still too short time

It's a short time therefore our estimate should be conservative also, less than 2% would already be considered as a major improvement. If we can just keep this price increasing, we can certainly attract more investors to adopt which will help to create the demand of bitcoins.

I'm looking forward for a positive outcome after this ETF approval since people are optimistic it will be approved and I think this will help to grow the market substantially.

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March 06, 2017, 03:39:02 AM
 #611

I went with 2-5% but that's being optimistic, realistically I think bitcoin ownership will stay under 2%. Even if bitcoin ownership increased by a magnitude of 10 it would still be less than 2%. We are still in the early days.
it is still too short to say that bitcoin will have a very large number of users. I knew the development and deployment of bitcoin kept walking
but 2020 is still too short time

Its indeed a short time but we cant still predict on how many percent would be the total % of population on engaging bitcoin in the year of 2020 but well we cant still know even the adoption arise in the future since its users would still remain anonymous.

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March 06, 2017, 05:28:41 AM
 #612

I guess more than 20% was just a guess definite bitcoin users will increase from year to year because of the better performance of bitcoin and the price continues to rise it's signifies the bitcoin has a good future

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March 06, 2017, 06:18:51 AM
 #613

I guess more than 20% was just a guess definite bitcoin users will increase from year to year because of the better performance of bitcoin and the price continues to rise it's signifies the bitcoin has a good future
That's too much of a guess, what is your basis on that? And do you consider the total population of bitcoin currently? If it for 3 years from now, that is already a massive increase which I would say it's close to impossible of happening. Remember that you guess is the basis of your prediction so always make it realistic to make a good judgement in investing bitcoin.

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March 06, 2017, 06:57:36 AM
 #614

I guess more than 20% was just a guess definite bitcoin users will increase from year to year because of the better performance of bitcoin and the price continues to rise it's signifies the bitcoin has a good future
The legal permission will give more adoption for the bitcoin itself and I think it will get over 2020 with a lot of the countries give a legal permission for bitcoin over 20%

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March 06, 2017, 11:55:46 AM
 #615

Tree years from now i think bitcoin user on will be 10% up because in every place i think their will be a user of bitcoin.  I remember when the time i know bitcoin here in our place their is no person believes in me but after a month i think they see me how to earned money through bitcoin then they ask how. Now in our place in one compound we are 10 now own bitcoin.



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tazmania
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March 06, 2017, 11:58:45 AM
 #616

Tree years from now i think bitcoin user on will be 10% up because in every place i think their will be a user of bitcoin.  I remember when the time i know bitcoin here in our place their is no person believes in me but after a month i think they see me how to earned money through bitcoin then they ask how. Now in our place in one compound we are 10 now own bitcoin.

We cannot judge what will be the exact percentage of people that will own Bitcoin by 2020 as its impossible to come to any exact conclusion but one thing is sure the number of users will be higher by that time in compare to present as bitcoin is gaining more popularity and more and more people are showing their interest in investing their money into it so there will be a constant increase in the user base of bitcoins as time passes by.

                                                                               
                
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agamasrori
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March 12, 2017, 02:36:25 AM
 #617

Tree years from now i think bitcoin user on will be 10% up because in every place i think their will be a user of bitcoin.  I remember when the time i know bitcoin here in our place their is no person believes in me but after a month i think they see me how to earned money through bitcoin then they ask how. Now in our place in one compound we are 10 now own bitcoin.
in fact we never know who and how many people are using bitcoin. This is because the anonymity of bitcoin. I can not determine with certainty what percentage of users bitcoin now or in 2020, but I am sure, the number of Bitcoin users continues to grow.


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BeGoods
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March 12, 2017, 03:13:46 AM
 #618

I went with 2-5% but that's being optimistic, realistically I think bitcoin ownership will stay under 2%. Even if bitcoin ownership increased by a magnitude of 10 it would still be less than 2%. We are still in the early days.
maybe I will be optimistic bitcoin users would probably only reach 2-5% of the total world population. if you want to see 90% of the world population using bitcoin. it will take the next decade
That number is too optimistic, when half of the human population have problems accessing water when one third don’t have electricity, I don’t think we are anywhere close to reach a number like that, if we reach one percent before this decade ends we should consider ourselves lucky.
electricity and the Internet has become a major requirement in the world. so I think it will be developed to become more sophisticated so that electricity and the Internet will continue to exist so believe electricity will not be cut off in the future

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March 13, 2017, 06:58:21 AM
 #619

I went with 2-5% but that's being optimistic, realistically I think bitcoin ownership will stay under 2%. Even if bitcoin ownership increased by a magnitude of 10 it would still be less than 2%. We are still in the early days.
maybe I will be optimistic bitcoin users would probably only reach 2-5% of the total world population. if you want to see 90% of the world population using bitcoin. it will take the next decade
That number is too optimistic, when half of the human population have problems accessing water when one third don’t have electricity, I don’t think we are anywhere close to reach a number like that, if we reach one percent before this decade ends we should consider ourselves lucky.
electricity and the Internet has become a major requirement in the world. so I think it will be developed to become more sophisticated so that electricity and the Internet will continue to exist so believe electricity will not be cut off in the future

Electricity and Internet come hand in hand. If there is no or little supply of electricity in your country then basically Internet is also limited then bitcoin used is limited as well. So the number of bitcoin user correlates to countries that consumed a lot of electricity. My guestimate is that bitcoin users will more likely around 2-10% for me. I agree with some saying that bitcoin is still in its infancy, so its still young and needed to grow more in the coming years to reach its potential in year 2020.

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March 13, 2017, 07:20:28 PM
 #620

I went with 2-5% but that's being optimistic, realistically I think bitcoin ownership will stay under 2%. Even if bitcoin ownership increased by a magnitude of 10 it would still be less than 2%. We are still in the early days.
maybe I will be optimistic bitcoin users would probably only reach 2-5% of the total world population. if you want to see 90% of the world population using bitcoin. it will take the next decade
That number is too optimistic, when half of the human population have problems accessing water when one third don’t have electricity, I don’t think we are anywhere close to reach a number like that, if we reach one percent before this decade ends we should consider ourselves lucky.
electricity and the Internet has become a major requirement in the world. so I think it will be developed to become more sophisticated so that electricity and the Internet will continue to exist so believe electricity will not be cut off in the future

Electricity and Internet come hand in hand. If there is no or little supply of electricity in your country then basically Internet is also limited then bitcoin used is limited as well. So the number of bitcoin user correlates to countries that consumed a lot of electricity. My guestimate is that bitcoin users will more likely around 2-10% for me. I agree with some saying that bitcoin is still in its infancy, so its still young and needed to grow more in the coming years to reach its potential in year 2020.
I agree, I think that Bitcoin's adoption by 2020 will not result in it magically being a mainstream currency and my view is that arguments for Bitcoin becoming worth a million dollars or something are nothing more than weak hyperbole and a facade of optimism.

The usage couldn't be more than half because less than half of people have regular access to the Internet.  The people who will have good enough Internet will be much fewer than that, and beyond that a lot of people with stable currencies will not automatically turn to Bitcoin if they are in countries with stable enough currencies that they feel are better for spending in their everyday life.
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