HairyMaclairy
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Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
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March 06, 2018, 04:47:27 AM |
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Have enjoyed watching United Bitcoin dwindle from $120 to $40 over the past few days.
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Rosewater Foundation
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March 06, 2018, 04:48:16 AM |
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...
I suppose it could be interesting to note, too, how many auctions of BTC are taking place on an ongoing basis and the quantity of coins...
Coindesk says before 2018 the last auction was in mid-2016. That's a gap of over one and a half years with no auctions. The 2,170 bitcoins they are auctioning on March 19 probably won't make much difference to the exchange prices. That's a tiny number of coins compared to the first auctions they had. https://www.coindesk.com/us-marshals-auction-25-million-bitcoin/It's also the second sale to take place within a nearly two-year period, given that prior to this year, the last auction occurred in mid-2016, when the agency sold 2,700 BTC Word is they've decided to throw in a Wu-Tang album and a Picasso to sweeten the deal. https://www.ft.com/content/a4e00c7c-20c4-11e8-a895-1ba1f72c2c11
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jojo69
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Activity: 3444
Merit: 4852
diamond-handed zealot
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March 06, 2018, 04:50:40 AM |
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ooooh look at fancy Mr. paywall access
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Paashaas
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Activity: 3637
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March 06, 2018, 04:52:19 AM |
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Bitcoin user adoption is currently at 0.95%.... We are still in the innovators range, we haven't seen anything yet 
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HairyMaclairy
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Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
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March 06, 2018, 05:01:36 AM |
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How do you calculate the 0.95%?
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Rosewater Foundation
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March 06, 2018, 05:11:03 AM |
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How do you calculate the 0.95%?
With a spoon  because it'll hurt more.
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JayJuanGee
Legendary
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Activity: 3990
Merit: 11719
Self-Custody is a right. Say no to"Non-custodial"
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March 06, 2018, 05:18:13 AM |
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Bitcoin user adoption is currently at 0.95%.... We are still in the innovators range, we haven't seen anything yet  Do you really believe that? I guess I am asking the same question as Harry Berry. The world population is about 7 billion, so anything approaching a 1% adoption rate would be around 70million peeps, and I would have a hard time believing that even half that number of peeps own more than $100 worth of bitcoin (or even if you include other cryptos, too). In other words, we gots our selfies a pretty small universe of adopters... and even getting up to 1% of the worlds population is likely going to cause a considerable increase in price, if it happens (or should I say when?).
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Bitcoinaire
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March 06, 2018, 05:23:57 AM |
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It seems like we may be crossing the chasm....
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TERA2
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Activity: 266
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Deb Rah Von Doom
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March 06, 2018, 05:57:44 AM |
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1% adoption of bitcoin is 100% of what I expected in a good scenario. Most national currencies are used by less than 1% of the world. The idea of a whole world that uses bitcoin is a fantasy.
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JayJuanGee
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Activity: 3990
Merit: 11719
Self-Custody is a right. Say no to"Non-custodial"
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March 06, 2018, 06:02:11 AM |
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1% adoption of bitcoin is 100% of what I expected in a good scenario. Most national currencies are used by less than 1% of the world. The idea of a whole world that uses bitcoin is a fantasy.
Ok.... .so where are we currently? Let's say anyone that uses, used, holds or has held more than $100 in bitcoin (or crypto for that matter) in the last year would count as an "adopter"... are we at .2% or .5% or something approaching 1%, currently?
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TERA2
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Activity: 266
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Deb Rah Von Doom
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March 06, 2018, 06:03:05 AM |
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1% adoption of bitcoin is 100% of what I expected in a good scenario. Most national currencies are used by less than 1% of the world. The idea of a whole world that uses bitcoin is a fantasy.
Ok.... .so where are we currently? Let's say anyone that uses, used, holds or has held more than $100 in bitcoin (or crypto for that matter) in the last year would count as an "adopter"... are we at .2% or .5% or something approaching 1%, currently? A different poster said we wereit's already at 1%. I'm not sure if I agree we are actually there yet. It might be off by say, just 1 order of magnitude.
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Rosewater Foundation
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March 06, 2018, 06:07:27 AM |
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It seems like we may be crossing the chasm....
"Carolina", he screamed again. "There's that damned wormtrain. Making snake straight across your chasm! Now what have I told you, if I ever caught him 'round here I'd whoop him." She said nothing, smoothed the sides of her dress, and sighed. "You know", she said, kicking the kitchen floor. "Maybe I might should just leave then." "The power is in you little lady," he said. He walked her to the window. "See that rainbow? Well, you just keep clicking those heels."
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bitserve
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Activity: 1946
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Self made HODLER ✓
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March 06, 2018, 06:11:51 AM |
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I don't think we even are at 1% adoption by "first world" population much less total worldwide population.
More than 0.1%? Probably yes.
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Toxic2040
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March 06, 2018, 06:15:17 AM |
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 Just a little hypothesis I am playing around with. Its the ol' 1,2,3,4,1,2,3,BOOM maneuver. 1% adoption of bitcoin is 100% of what I expected in a good scenario. Most national currencies are used by less than 1% of the world. The idea of a whole world that uses bitcoin is a fantasy.
No back sliding! You were doing so good.  Ok.... .so where are we currently? Let's say anyone that uses, used, holds or has held more than $100 in bitcoin (or crypto for that matter) in the last year would count as an "adopter"... are we at .2% or .5% or something approaching 1%, currently?
"... are we at .2% or .5%." 0.390625%=$18620.3849896875 < We are around here. Not even .4% Bingo..I calculated around .4%..but was informed I was off by a factor of 20 so that would take us down to .002%. Dividing that by 7 billion leaves us with about 14 million users. Which to me sounds pretty damn close.
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bitserve
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Activity: 1946
Merit: 1621
Self made HODLER ✓
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March 06, 2018, 06:20:09 AM |
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 Just a little hypothesis I am playing around with. Its the ol' 1,2,3,4,1,2,3,BOOM maneuver. 1% adoption of bitcoin is 100% of what I expected in a good scenario. Most national currencies are used by less than 1% of the world. The idea of a whole world that uses bitcoin is a fantasy.
No back sliding! You were doing so good.  Ok.... .so where are we currently? Let's say anyone that uses, used, holds or has held more than $100 in bitcoin (or crypto for that matter) in the last year would count as an "adopter"... are we at .2% or .5% or something approaching 1%, currently?
"... are we at .2% or .5%." 0.390625%=$18620.3849896875 < We are around here. Not even .4% Bingo..I calculated around .4%..but was informed I was off by a factor of 20 so that would take us down to .002%. Dividing that by 7 billion leaves us with about 14 million users. Which to me sounds pretty damn close. Except because 14 million is more or less the number of users coinbase alone have. Granted it is probably the one with the biggest userbase thoug.
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cAPSLOCK
Legendary
Online
Activity: 3920
Merit: 5576
Note the unconventional cAPITALIZATION!
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March 06, 2018, 06:21:04 AM |
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It seems like we may be crossing the chasm....
"Carolina", he screamed again. "There's that damned wormtrain. Making snake straight across your chasm! Now what have I told you, if I ever caught him 'round here I'd whoop him." She said nothing, smoothed the sides of her dress, and sighed. "You know", she said, kicking the kitchen floor. "Maybe I might should just leave then." "The power is in you little lady," he said. He walked her to the window. "See that rainbow? Well, you just keep clicking those heels." 
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JayJuanGee
Legendary
Online
Activity: 3990
Merit: 11719
Self-Custody is a right. Say no to"Non-custodial"
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March 06, 2018, 06:21:34 AM |
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1% adoption of bitcoin is 100% of what I expected in a good scenario. Most national currencies are used by less than 1% of the world. The idea of a whole world that uses bitcoin is a fantasy.
Ok.... .so where are we currently? Let's say anyone that uses, used, holds or has held more than $100 in bitcoin (or crypto for that matter) in the last year would count as an "adopter"... are we at .2% or .5% or something approaching 1%, currently? A different poster said we wereit's already at 1%. I'm not sure if I agree we are actually there yet. It might be off by say, just 1 order of magnitude. Yeah but so what regarding a poster who said something? because posters say all kinds of dumb shit, including yours truly. Yet, after Paashaas made the unsubstantiated claim of something approaching 1% adoption, a couple of us asked for a more specific claim or evidence to support the bare naked 1% adoption assertion, and there are no such facts in evidence for such claim. Even if you believe that such 1% is within "an order of magnitude's" reach, I doubt that you are going to find convincing evidence of any thing even approaching .5%, which would be about 35 million peeps, and that is even if you include all cryptos (not just bitcoin). Ok.... .so where are we currently? Let's say anyone that uses, used, holds or has held more than $100 in bitcoin (or crypto for that matter) in the last year would count as an "adopter"... are we at .2% or .5% or something approaching 1%, currently?
"... are we at .2% or .5%." 0.390625%=$18620.3849896875 < We are around here. Not even .4% Bingo..I calculated around .4%..but was informed I was off by a factor of 20 so that would take us down to .002%. Dividing that by 7 billion leaves us with about 14 million users. Which to me sounds pretty damn close. Sounds reasonable and fair.... Does it make much difference if we are referring to bitcoin only or if we are including all of the snot nosed 12 to 14 year olds in the altcoin scene? Except because 14 million is more or less the number of users coinbase alone have. Granted it is probably the one with the biggest userbase thoug.
14 million is the amount claimed by coinbase... Is that accurate? So wouldn't the world's useage be double or triple that? We are not getting to the 70 million arena (which would be close to 1%) merely based on extrapolations from coinbase's supposed user base, are we?
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Toxic2040
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March 06, 2018, 06:29:01 AM |
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Except because 14 million is more or less the number of users coinbase alone have. Granted it is probably the one with the biggest userbase thoug.
I am talking actual users..not zombie accounts. I subtracted that factor of 20 from it after someone suggested I was off in my calculation of broad money. I thought I had posted that back of the napkin calc in this thread sometime ago..
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Phil_S
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We choose to go to the moon
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March 06, 2018, 06:29:31 AM |
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