Number of Bitcoin users.

[soul-impact]

Bitcoin is a free virtual currency, we do not have any statistics on the number of current users, the number of daily transactions is the only thing we can know. However, 5 million users is a huge number, I do not believe it is true. In my opinion, only up to 3 million bitcoin users around the world, although it is growing rapidly.

[jc89]

Recently, a comprehensive cyrpto currency study was conducted by the university of cambridge.Although,it has revealed various aspects of bitcoin such as total number of wallets used,number of unique users of crypto currency wallets,but finally they have said that it is impossible to know precisely how many people use crypto currency.What do you think? Can we atleast get an approximate number of  total Bitcoin users world wide?

They said it themselves. It is impossible to get the accurate number of crypto currency users. They can get an approximate number of users but it will stay as approximate. They cannot even state the accurate percentage of margin to the approximated number. In short, it is very impossible to know the exact value. Well unless bitcoin will be converted to a complete centralized crypto currency.

[stomachgrowls]

Bitcoin is a free virtual currency, we do not have any statistics on the number of current users, the number of daily transactions is the only thing we can know. However, 5 million users is a huge number, I do not believe it is true. In my opinion, only up to 3 million bitcoin users around the world, although it is growing rapidly.

How did you able to say about 5 million users? I don't think so maybe it would be less considering the percentage on overall worldwide population.Its really hard to trace it up on the exact number of users since people can always make lots of wallet addresses which means probability that users would be less on the ratio of btc addresses.

[Devboy]

Bitcoin is a free virtual currency, we do not have any statistics on the number of current users, the number of daily transactions is the only thing we can know. However, 5 million users is a huge number, I do not believe it is true. In my opinion, only up to 3 million bitcoin users around the world, although it is growing rapidly.

How did you able to say about 5 million users? I don't think so maybe it would be less considering the percentage on overall worldwide population.Its really hard to trace it up on the exact number of users since people can always make lots of wallet addresses which means probability that users would be less on the ratio of btc addresses.

Yes, It's really hard to say the exact number of users. Yet, didn't found accurate users of this industry,  those are we introduced mostly just an imagination number.

[forthewin]

I assume that there aren't many people around the world that have bitcoins. There are probably even fewer that actually use them. I'm sure lots of people are just getting bitcoins and holding them.

[Loganota]

For me it is impossible to pin down the number of unique users of Bitcoin in the world, why even what would you call users? Who uses it every week? Who has used it once? Another thing, people change their wallets as they change their clothes, so it's tricky to make that connection.

[mmo_online_1981]

I thinks ! No body know Number of Bitcoin users.

[Blackdeath]

Recently, a comprehensive cyrpto currency study was conducted by the university of cambridge.Although,it has revealed various aspects of bitcoin such as total number of wallets used,number of unique users of crypto currency wallets,but finally they have said that it is impossible to know precisely how many people use crypto currency.What do you think? Can we atleast get an approximate number of  total Bitcoin users world wide?

Yes it's impossible to know precisely the total number of people that using bitcoin in the world. If only for approximate, then it's possible but it will needs a deep research since different people have different ways not to show their real one. For example, a 1000 bitcoin address can be owned by a one person or something example like that.

Agree that we can tally the real users to those web exchanges that requires verification but for their whole users, it's impossible that we can track if what numbers are unique one.

We do not really need to know the specific number of people who uses bitcoin as long as we continue supporting it. We all know that value or price of bitcoin is inclined to its demand. Meaning to say if the demand of bitcoin increased there is big possiblity that its lrice also changed and increased so if we will going to monitor on a scaleof statistic we can conclude if there is more user on a specific day. And if we are going to count or monitor the number of users it is going to be per country. Becuase there is limitation on some country for usage and legality of bitcoin.

[Yakamoto]

Recently, a comprehensive cyrpto currency study was conducted by the university of cambridge.Although,it has revealed various aspects of bitcoin such as total number of wallets used,number of unique users of crypto currency wallets,but finally they have said that it is impossible to know precisely how many people use crypto currency.What do you think? Can we atleast get an approximate number of  total Bitcoin users world wide?

Well, they're right. It's impossible to know how many users there or of Bitcoin in the world and everything relating to it is essentially just speculation.

I'd say one of the few ways you can get a rough approximation is take online wallets, count # of users, assume 15%-20% (probably more) overlap, look at wallet downloads, assume 33% overlap, and then you might get a rough number for the lower end of the spectrum. That's not a good method, but it might be decent enough for approximations.

Chances are we're looking at >500,000 daily users, maybe >2m total users (who use it once a year). Might be bigger than that, idk.

[pereira4]

Impossible to tell, we can never know exactly how many people use bitcoin, but you would be able to see that the transaction volume only goes up over time, which means more people are using it.

[Gembul]

Impossible to tell, we can never know exactly how many people use bitcoin, but you would be able to see that the transaction volume only goes up over time, which means more people are using it.

Yeah agreed, it is difficult to know for sure how the number of people using bitcoin today. Even until whenever, it will be difficult to find out. I think the volume of transactions could not be identifying if bitcoin users is growing. Because everyone can do a lot of transactions. Nevertheless, I believe people using bitcoin from year to year is increasing. Thank you

[znggurj]

The most useful data in my opinion is volume, because it may really determine how big market is, and it doesnt matter how many users we have in the blockchain- it matters how much money is invested into this technology, am i right?

Somebody could just send coins back and forwards between addresses they own to generate 'fake' volume. Instead I think a more accurate accurate metric is Bitcoin days destroyed.

[gabbie2010]

The numbers of Bitcoin users cannot be ascertain because there are plenty wallets and there is no computations to know the number of users, people can create more than one wallets make transactions on all, I don't think it is even necessary to know the number of users as far as there is no fraud involved.

[Heyo:P]

Due to the nature of bitcoin it's kind of impossible to know how many people use it.

[skorupi17]

Of course it is very impossible. No formula nor basis will exist on how to know the exact number of bitcoin users. Even if an organization will go around the world and ask everyone if they use bitcoin, they will not get the exact number. This is due to denial. Bitcoin users would not even say that they are using bitcoin, unless you are dumb enough to say that to a stranger. The users are smart enough and will have the essence of anonymity and will not admit that they are bitcoiners.

[topesis]

Personally I will go for like 4 million active users, I have close to 10 wallet, trying to hedge myself from any unforeseen scenerio. Do anyone have the actual number of users on Bitcointalk.org

[LeGaulois]

Recently, a comprehensive cyrpto currency study was conducted by the university of cambridge.Although,it has revealed various aspects of bitcoin such as total number of wallets used,number of unique users of crypto currency wallets,but finally they have said that it is impossible to know precisely how many people use crypto currency.What do you think? Can we atleast get an approximate number of  total Bitcoin users world wide?

There is no need of an university to know that it is not possible to know the actual and realistic number of people using bitcoin. Any villager would tell you the same. From people using more than one wallet to people using exchanges as their only wallet. What can be used to determine an accurate estimation. Using the daily transactions going is not usefull either.

Personally I will go for like 4 million active users, I have close to 10 wallet, trying to hedge myself from any unforeseen scenerio. Do anyone have the actual number of users on Bitcointalk.org

The forum has actually +900k members https://bitcointalk.org/index.php?action=stats but thousands of accounts are abandonned or used by farmers/scammers ect. It should not be used to even just give an idea on anything

[ocid]

these days the bitcoin more and more, but there are still many people who are not familiar with bitcoin,, was originally the eyes of the virtual sound very strange TPI if we know the use of virtual currency is a lot of functions, especially for the needs of sale or can be used to invest. increasingly fore bitcoin users will increase rapidly. I believe it.

[SHAWN-MIDWAYS]

I assume that there aren't many people around the world that have bitcoins.

Does not owning a single satoshi disqualify one from been regarded a bitcoin user in this scenario
 

There are probably even fewer that actually use them. I'm sure lots of people are just getting bitcoins and holding them.

Most likely we have few active bitcoin users
Its probably even difficult to get the right estimate of the number of users generally using the crypto through the  forums registered members because of farmed a/cs and the alike, others use it totally anonymous to avoid unnecessary attention.

[justdimin]

Bitcoin is a free virtual currency, we do not have any statistics on the number of current users, the number of daily transactions is the only thing we can know. However, 5 million users is a huge number, I do not believe it is true. In my opinion, only up to 3 million bitcoin users around the world, although it is growing rapidly.

Aside number of transactions, people do roughly estimate the total number of bitcoin addresses to approximately find out total number of bitcoin users. I believe the accurate information on total number of bitcoin users will never be possible as bitcoin itself supporting pseudo-anonymous feature.

All the above, the total number of bitcoin users keep on increasing which means we could never have one constant number so working on this seems not a good idea.