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Author Topic: Who really uses bitcoin?  (Read 14209 times)
Bitcoinbro
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July 19, 2016, 10:52:38 PM
 #61

Hi I wonder about the demographics of bitcoin. Who uses it, race, location, gender?

I read the coindesk paper on it, but wonder if there is some other more updated documentation on it.

Regards
Most people make use of the Bitcoin as a currency but most people use it as an investment because the value can change.
With this the users are allowed to make money with them.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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July 19, 2016, 11:03:28 PM
 #62

Who really uses bitcoin?

  • Internet gamblers, primarily in jurisdictions with inconsistent and unfair laws
  • Internet buyers and sellers of plant and chemical products that are not legal in some jurisdictions
  • People who need to shelter or move earned wealth away from corrupt government restrictions
  • Miscellaneous users and speculators

All this will change, but these are some of the significant "early adopters".
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July 19, 2016, 11:06:39 PM
 #63

People who are aware about it and who believes in making quick money from it will definitely prefer to use bitcoin as an investment for future.

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July 20, 2016, 12:13:56 AM
 #64

People who are aware about it and who believes in making quick money from it will definitely prefer to use bitcoin as an investment for future.

Totally agree. In my opinion every transaction, even just sending it to one person to another is already spending when it comes to bitcoin.

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July 20, 2016, 12:26:00 AM
 #65

People who are aware about it and who believes in making quick money from it will definitely prefer to use bitcoin as an investment for future.
i don't think people who wants and believes in making money quickly will just choose bitcoin ,
its more like gambling to me if you uses bitcoin because want to make money quickly ,
people who actively spend their time on internet and have a financial problem on their local country i think the one who uses bitcoin.
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July 20, 2016, 01:33:43 AM
 #66

People who are aware about it and who believes in making quick money from it will definitely prefer to use bitcoin as an investment for future.

People who were much aware about it and real understanding about the true nature of bitcoin try to make as much possible earning through bitcoin.
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July 22, 2016, 08:06:43 PM
 #67

People who are aware about it and who believes in making quick money from it will definitely prefer to use bitcoin as an investment for future.

People who were much aware about it and real understanding about the true nature of bitcoin try to make as much possible earning through bitcoin.

That is true. The bitcoin price will rise a lot in the next few decades and we should buy, hold and use it.
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July 22, 2016, 08:09:03 PM
 #68

All types of people uses bitcoins.It cannot be divided on the basis of race or gender.
and people from all age groups uses it starting from 15-60 years but most of them i think will be between 20-35
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July 25, 2016, 05:43:06 AM
 #69

All types of people uses bitcoins.It cannot be divided on the basis of race or gender.
and people from all age groups uses it starting from 15-60 years but most of them i think will be between 20-35

Yeah. If we look at the local section there are a lot who speaks different languages here. That is one proof that this bitcoin is for all. I see a lot of Asians in the said section.
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July 25, 2016, 07:21:38 AM
 #70

I would believe more younger people between the ages of 15 and 35 use Bitcoin and primarily more men than women. I am 60 years old though and my wife is 50 and we love bitcoin and none of our peers in our family use it or younger generation. We ar trying to educate them though slowly.


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July 25, 2016, 08:07:46 AM
 #71

lots of differant people use bitcoin everyday.
well i think not a lot of people uses bitcoin right now but i really use it a lot, i buy some digital goods with bitcoin and i sometimes buy physical stuff from ebay shop
no you are not right. lots of peoples. even hundreds of thousands of People using bitcoin for buying, selling, trading and exchanging.

buying selling can be lots of type. like buying goods, buying psychical things. buying digital goods, buying other currency and buying bitcoin it self.


Most people make use of the Bitcoin as a currency but most people use it as an investment because the value can change.
With this the users are allowed to make money with them.
both of ways should be considered as use of bitcoin. as spending bitcoin and using it is called using bitcoin just like this investing through bitcoin also should be called as using bitcoin.
there are equal usage of bitcoin. as investment and as currency.
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August 10, 2016, 02:36:04 PM
 #72

90 % of young people in my country use bitcoin as primary method for internet payment .
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August 12, 2016, 08:24:54 AM
 #73

90 % of young people in my country use bitcoin as primary method for internet payment .

Are you from Mars? What is the total population in your country? I think it is quite not possible for that kind of mass adoption.
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August 12, 2016, 09:30:30 AM
 #74

Unfortunately people are forced to buy and use bitcoin because many hackers have infected their computers and encrypted their all files so people are forced to pay the hackers to get the decryption key to decrypt the files this is the ransomware.
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August 12, 2016, 10:21:37 AM
 #75

Surveys can't be that accurate because most of the users prefer to be anonymous.
That's why they wanted to use bitcoin in the first place.
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August 12, 2016, 12:19:11 PM
 #76

90 % of young people in my country use bitcoin as primary method for internet payment .
Tell me about your country and your reliable source is supporting your statements or you're just making a joke in this place, at the same time is spamming because you're reviving the old outdated topic. Tongue

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August 12, 2016, 03:01:03 PM
 #77

90 % of young people in my country use bitcoin as primary method for internet payment .
Tell me about your country and your reliable source is supporting your statements or you're just making a joke in this place, at the same time is spamming because you're reviving the old outdated topic. Tongue
Exactly. I can't really accept that statement since even though bitcoin is popular, it's not really that popular, even for the young people. In our country though, I can only estimate roughly 5-15% of our total population have any interest in bitcoin and not all of them are even bitcoin users, just interested.

.
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raphma
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August 12, 2016, 04:22:08 PM
 #78

90 % of young people in my country use bitcoin as primary method for internet payment .

lol, and the source of that is you, right?
eternalgloom
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August 12, 2016, 04:25:49 PM
 #79

People who are aware about it and who believes in making quick money from it will definitely prefer to use bitcoin as an investment for future.

Totally agree. In my opinion every transaction, even just sending it to one person to another is already spending when it comes to bitcoin.
That's not entirely the same as actually using Bitcoin, I would say. Just moving coins from one account to another isn't the same as, say, buying goods with it.

Hellacopter
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August 12, 2016, 04:26:01 PM
 #80

Hi I wonder about the demographics of bitcoin. Who uses it, race, location, gender?

I read the coindesk paper on it, but wonder if there is some other more updated documentation on it.

Regards

I think Bitcoin is used worldwide by every race and gender, but it's mostly used in US and western countries more than 3rd world because it's price is high for the population of this countries
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