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Author Topic: Number of Bitcoin users.  (Read 13094 times)
KingdomHearts
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April 14, 2017, 07:30:17 PM
 #41

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 its really impossible to count the user of bitcoin because bitcoin is very much popular currency around the world and bitcoin user is belong to different countries so we can not count the member of bitcoin.
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April 14, 2017, 07:49:14 PM
 #42

I think the only way we will know for sure is if it becomes fully regulated and users are verified and then tied to an address.

That would be a sad day for bitcoin, for now we'll just have to look at all the different "studies" and work out a mean.
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April 14, 2017, 09:53:43 PM
 #43

I would like to know that, too, but I am afraid that we will never get the exact number of people using it. I also wonder what percent of the members are actually alts. The only way to know the number would be some kind of listing or something.

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April 14, 2017, 10:29:46 PM
 #44

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 its really impossible to count the user of bitcoin because bitcoin is very much popular currency around the world and bitcoin user is belong to different countries so we can not count the member of bitcoin.
you are right it very difficult to know that how much people are using bitcoin because bitcoin users is very much high and its very popular around the world a huge number of people are using bitcoin.
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April 14, 2017, 11:33:25 PM
 #45

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 its really impossible to count the user of bitcoin because bitcoin is very much popular currency around the world and bitcoin user is belong to different countries so we can not count the member of bitcoin.
yes there is no such open mechanism through which we can count the actual users of bitcoin. but we can only conclude that bitcoin is becoming more and more popular and that can be the reason that bitcoin users will be increasing from time to time.
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April 14, 2017, 11:46:40 PM
 #46

Recently, a comprehensive cyrpto currency study was conducted by the university of cambridge.
And as always this type of research is not 100% accurate and this topic is vast to be measured accurately.

Although,it has revealed various aspects of bitcoin such as total number of wallets used,number of unique users of crypto currency wallets,
There is no way to determine how many users bitcoin has by studying wallets. How exactly are you gonna do this?
When you can download software wallet, copy it multiple times, install on multiple machines and use it that way.
Counting number of online wallets accounts is not gonna prove anything. Blockchain.info alone has over 12 million of accounts.
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April 15, 2017, 01:00:07 AM
 #47

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?

It's impossible to get the right figure because an individual can have as many bitcoin wallet as he wants and and there are a lot of anonymous wallet and wallet mixer also,we can only estimate but the best parameters are those verified by exchangers but then again sone users can verify their account on three or four exchangers.

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April 15, 2017, 01:27:12 AM
 #48

I would like to know that, too, but I am afraid that we will never get the exact number of people using it. I also wonder what percent of the members are actually alts. The only way to know the number would be some kind of listing or something.
maybe some users to wonder how big the actual total bitcoin user. but to count total users it will not be possible to do dude?
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April 15, 2017, 01:41:23 AM
 #49

I would like to know that, too, but I am afraid that we will never get the exact number of people using it. I also wonder what percent of the members are actually alts. The only way to know the number would be some kind of listing or something.
maybe some users to wonder how big the actual total bitcoin user. but to count total users it will not be possible to do dude?

As stated it is not able to have clear data on the number of bitcoin users around the world though every new bitcoin address and all the associated transaction gets updated. To my view, may be we might be having around 5% of bitcoin users around the world and around 10%  might be aware but still haven't started using it for some reasons.

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April 15, 2017, 01:52:21 AM
Last edit: April 15, 2017, 02:54:35 AM by QuestionAuthority
 #50

In my opinion, the the most accurate (almost) number that we can get is from exchange that asks for ID and probably ATMs (whether the ones that require phone verification or ID).
Blockchain.info claim that they have 10 million users but that's far from being accurate since bots should be taken from consideration, people who lost their wallets and made other accounts etc...

We know there are currently 12.5 million bitcoins. We know that there are dozens of whales like the winkledouches, Roger Ver, Loaded, and so on that own 100,000 or more bitcoins. We know Chinese investors are buying and hording btc. Based on all the user data you can get on this forum about lost btc and scammed btc I would reduce the total number of btc in circulation to under 7-8 million. Divide the supposed 10 million users by the number of coin left means the remaining people can only have $900 in btc at once. That means no major spending, no paying of major bills, each person couldn't even afford a small bag of marijuana. Combine that knowledge with the known daily transaction data of 350k and you realize there are far fewer people using btc than you think. If you consider "users" to mean people actively buying and spending btc like people spend fiat then it's very likely the number of users worldwide is below 500k.

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April 15, 2017, 01:56:24 AM
 #51

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 its really impossible to count the user of bitcoin because bitcoin is very much popular currency around the world and bitcoin user is belong to different countries so we can not count the member of bitcoin.
Yes, but the delay of the transaction for me is good, because it means that the transaction is over flowing it means that there are many bitcoin users are making transaction and many are learning how to use bitcoin so the community of bitcoin is expanding that's why there are delay transactions. So the user of it is expanding too everyday.
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April 15, 2017, 02:08:47 AM
 #52

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?

It is very hard to get the precise actual number of bitcoin users all over the world. The only probable was to do a random sampling such as getting the number of bitcoin users in every hosted web wallets and exchanges and the forums. If we can get the data from those sites then at least we can get a much closer projection to the number of total bitcoin users around the world.
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April 15, 2017, 02:09:45 AM
 #53

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 its really impossible to count the user of bitcoin because bitcoin is very much popular currency around the world and bitcoin user is belong to different countries so we can not count the member of bitcoin.
Yes, but the delay of the transaction for me is good, because it means that the transaction is over flowing it means that there are many bitcoin users are making transaction and many are learning how to use bitcoin so the community of bitcoin is expanding that's why there are delay transactions. So the user of it is expanding too everyday.

But it can make the bitcoin users have a negative experience with crypto currency and stop using it as the expectatives weren't matched. The first impression is usually what counts, and in this case it's not a good first impression.
The number of users should increase, but the bitcoin problems should be solved too soon as possible.

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April 15, 2017, 02:10:28 AM
 #54

We can not count how many bitcoin users are using bitcoin but we can see very many transactions released every second so it proves that the demand of bitcoin users  is very huge in the world. Just only talking about chinese, indian people using bitcoins then it can hit over 100 million bitcoin users and how about the other countries?
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April 15, 2017, 02:13:57 AM
 #55

Taking into consideration wallet its insane to trace the total number of bitcoin users, since a single person can have unlimited blockchain accounts, what i can say is we are growing all days, and we atleast around 1 milion to 3 milion bitcoin users, above those i dont know at all how close we can be the total size of the community, only if all become regulated.
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April 15, 2017, 02:37:06 AM
 #56

you can reseach about bitcoin user with calculation choose one exchanger every one country
example china choose huobi/okcoin, USA choose coinbase and total calculation member in bitcoin exchanger is same total bitcoin user


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April 15, 2017, 02:40:31 AM
 #57

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?
No not at all it is impossible to count and give hypothesis in how many bitcoins users are there in the globe.If you will base on number of online wallets its still imposbile to count since there are no limits on how many wallets does a person can create so everyone can create multiple wallets.But one thing is sure we are millions of people who is using bitcoins by this time
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April 15, 2017, 02:43:18 AM
 #58

Taking into consideration wallet its insane to trace the total number of bitcoin users, since a single person can have unlimited blockchain accounts, what i can say is we are growing all days, and we atleast around 1 milion to 3 milion bitcoin users, above those i dont know at all how close we can be the total size of the community, only if all become regulated.

That's the wrong-est thing I've ever read. There's no such thing as a bitcoin account. Stop using fiat terms where you need blockchain terms. If you assume any given person uses an average of 2 or 3 wallets (not addresses, wallets) then you can get a fairly accurate answer.

I wish OP had linked the study. I can't find it.
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April 15, 2017, 03:06:47 AM
 #59

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.

I guess the game gambling game is bitcoin excels in online gambling because it is easy to use and in play olehkarena that many are using both the beginner to legendary so users Players gambling bitcoin increased up to approximately 4 million all over the world. perhaps more because of the bitcoin is a free virtual currency may be a lot of demand to play the game so the daily gambling. increased user gambling bitcoin
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April 15, 2017, 06:10:28 AM
 #60

I think the number of bitcoin user is about a million now, But in case of bitcoin address numbers,  Its going to 30 million because of everyday making new bitcoin addresses of users. In my opinion is Like an average of 20,000 bitcoin address created everyday? Just like my case I have 3 bitcoin addresses but different sites holding my bitcoins.

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