How many people use/hold bitcoin in 2016

[betlord90]

Maybe there is a way to find out, but I guess it would take time to make a program or something that can measure the bitcoin network, for us to know how many people are already using bitcoin all over the world. If I am going to estimate the people who are using bitcoin, I guess it would be over millions, because right now, only people who have open minded are using bitcoin right now, others are just ignoring it over fiat.

[Pursuer]

Maybe there is a way to find out, but I guess it would take time to make a program or something that can measure the bitcoin network, for us to know how many people are already using bitcoin all over the world. If I am going to estimate the people who are using bitcoin, I guess it would be over millions, because right now, only people who have open minded are using bitcoin right now, others are just ignoring it over fiat.

by measuring bitcoin network which is the blockchain, you can not ever figure out how many people are using bitcoin. the only thing you can see are the transactions and with lots of analysis you may find out how many addresses have been used but never how many people.

[Positid]

Maybe there is a way to find out, but I guess it would take time to make a program or something that can measure the bitcoin network, for us to know how many people are already using bitcoin all over the world. If I am going to estimate the people who are using bitcoin, I guess it would be over millions, because right now, only people who have open minded are using bitcoin right now, others are just ignoring it over fiat.

by measuring bitcoin network which is the blockchain, you can not ever figure out how many people are using bitcoin. the only thing you can see are the transactions and with lots of analysis you may find out how many addresses have been used but never how many people.

Yeah, it's true. We can only figure out how many people using bitcoin when we are using bitcoin transparently, meaning we will not enjoy being anonymous anymore and we have to comply the KYC like the banks are doing.

[Xenophoto]

Ok I will help answer your question with some statistics, there are about 15 million people involved or holding bitcoins as at now and I got this statistics from a reliable source. Here we go;

1. 7.4 million bitcoin addresses with a balance .0001 BTC ($.0861)
2. 4.5 million bitcoin addresses with a balance .001 BTC ($.861)
3. 2.8 million bitcoin addresses with a balance .01 BTC ($8.61)
4. 1.2 million bitcoin addresses with a balance 1 BTC ($86.10)
5. 446,301 bitcoin addresses with a balance 1 BTC ($861.00)
6. 131,709 bit coin addresses with a balance 10 BTC ($8,610)
7. 13,698 bitcoin addresses with a balance 100 BTC ($86,100)
8. 1,658 bitcoin addresses with a balance 1,000 BTC ($861,000).
9. 121 bitcoin addresses with a balance 10,000 BTC ($8,610,000).
10. 1 bitcoin address with a balance 100,000 BTC ($86,100,000)

I hope this helps?

Would you mind giving credits to your "reliable source"? It would be plagiarism if you didn't.

Apparently that statistics wouldn't help at all as most people use multiple wallet addresses and companies use thousands of wallets. Do you know that thousands of wallets can belong to a single individual? Even when you do apply another statistic like average bitcoin a user has, etc. It wouldn't help since there are thousands of people that hold really small amounts of bitcoin and then there are also people that hold an enormous amount of bitcoins. There's just no way to determine how many people are using/holding bitcoins right now, just speculations.

[PokerFace3]

There is many people who are holding their bitcoin more than the people who are spending and that is why the price is high because there is a constant demand on the bitcoin, and these people are greedy to be honest, and the ones that are spending are just using bitcoin as another mean of earning money on the internet nothing more.

[qiman]

I have a little bit only but trying to accumulate more to get to at least 5 btc within one year, but don't know if I can make it. I want to save for my pension plan mainly. I have 5 years plan to have at least 25 bitcoin by the time I am 65 years old but not sure if it will happen.

[Tanic]

There is many people who are holding their bitcoin more than the people who are spending and that is why the price is high because there is a constant demand on the bitcoin, and these people are greedy to be honest, and the ones that are spending are just using bitcoin as another mean of earning money on the internet nothing more.

That is everything ok and well known facts, but how to calculate the real number of bitcoin users? By the numbers of wallets or by number of profiles on this site? In both case one person can have some. So, how then?

[ruselbd]

By remaining on my sentiment. I see 90% of clients here are holding their BTC including myself to get some high sum by expanding this estimation of BTC,

There is no new thing am going to state here. Everybody knows the esteem is expanding step by step

[BitcoinPanther]

By remaining on my sentiment. I see 90% of clients here are holding their BTC including myself to get some high sum by expanding this estimation of BTC,

There is no new thing am going to state here. Everybody knows the esteem is expanding step by step

I am one of those people who are using, buying, exchanging and earning bitcoin in weekly basis.  I can see the potential of bitcoin so i save 20% of my earnings from trading, signature campaign and other earnings in bitcoin, while using and spending 80% of it.  With the amount of bitcoin I am holding, i am far from becoming millionaire but I am happy that by using it, I am contributing to the promotion and adoption of bitcoin.

[supto005]

The Popularity of Bitcoin has been raising day by day. So,the entire world's people were knowing more about Bitcoin than the previous&one person can use one IP so it's quiet to found how many people was using Bitcoin in 2016.

[Gintama214]

Im interested to know how many people are actually now involved in the bitcoin world, Is there anyway to find out a rough idea of the user base so that we can come to a conclusion on what kind of adoption we are currently at? It seems difficult to gauge since this forum alone has several duplicate accounts from the same people.

. /r/bitcoin has 180k subs to it so would it be safe to assume if we included all miners, users holders and whoever else that we are still at under 1 million users? If this is the case then we still have a long way to go.

Does anyone have any more accurate guesses or way to determine the market?

In roughly estimation I would say it should be more than that and I think it is still counting until now. Base on research of 2016 you can check in here => http://www.coindesk.com/2016-bitcoin-challenge-100-million-users/ there are 100 million people who are using bitcoin which this alone is the most common cryptocurrency out in the market but let alone the LTC , ETH, and other cryptocurrency added to this I would say roughly 1 billion users and counting, that just small percentage of around the world. Today's population is 7.5 billion so we still have a long way to share the cryptocurrency world, we still have a very very long way to go. there is no exact numbers on how many people are using cryptocurrency but what we know is that it is still counting until and and soon the cryptocurrency will be the future and will be known around the world. 

[Russlenat]

The Popularity of Bitcoin has been raising day by day. So,the entire world's people were knowing more about Bitcoin than the previous&one person can use one IP so it's quiet to found how many people was using Bitcoin in 2016.

right! I think millions of people are now earning bitcoins. it may double because of its very high value now.

[Lonthe]

According to data from economic magazine and newspapers, currently estimate the users of the bitcoin is approximately 0.00572% or about 40 million of world population.

[Sadlife]

I think it's hard to calculate the total of users bitcoin has cause blockchain alone has roughly 12,000,000 users how much more in some wallet providers?
And many countries has started to use and legalized it, others has some knowledge about bitcoin like japan, india, Philippines, africa, US, London and many more.

[hardtime]

At the moment, I'm going to be guessing a lot more people hold and trade then actual going ahead and using Bitcoin as a whole. I'd say the big reason behind this is that Bitcoin is very expensive to use in a normal life experience, as it cost around $1.30 to confirm a transcation in any normal amount of time (Around 1 hr) which is pretty high coming off with normal transcations on the network aren't that high anyway.

2017 though, but this still makes sense.

According to data from economic magazine and newspapers, currently estimate the users of the bitcoin is approximately 0.00572% or about 40 million of world population.

Good amount but who knows how this data was found, could just be based on the amount of wallets in existence right now.

[Glutinous Treat]

It's still a pretty small number in the wide scope of things

[UCHCHILD]

We have great and huge volume of users in the last few years.
We can see how bitcoin users pump u, I guess it is hard to make some figure out of it. We are increasing daily, investors really come to bitcoin.

[Inkdatar]

I think its over million hold bitcoin since 2016, but its hard to calculate in actual the numbers of btc holders. As of now I know for sure, its over million using bitcoin because of price is expensive.

[Anjing Lu]

If I notice in many discussions and news, active user bitcoin around 50 million, china is the largest user being active bitcoin, for more than 30% of users bitcoin is china.

[DoublerHunter]

We can't determine if how many but i can say that it is just a small amount of people back in the year of 2016 because the price is just starting to go up and most of them starts to sell and only a few of them still hold bitcoin. In the case of users of bitcoin in 2016, it still a few because bitcoin is not that popular and it just starting getting attention in the end of the year.