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Author Topic: How many percent of internet users and overall people use bitcoin ?  (Read 3878 times)
jambola2 (OP)
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October 14, 2013, 05:12:43 AM
 #1

Does anyone know a reputable source with this data ?
If not - make your random guesses here.

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sosulon
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October 14, 2013, 05:16:45 AM
 #2

10-20%? bitcoin is skyrocket now so in a year there will be more people knowing it .
kriwest
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October 14, 2013, 10:06:41 AM
 #3

10-20%? bitcoin is skyrocket now so in a year there will be more people knowing it .

Are you kidding? I'd be surprised if 0.1-0.2% of internet users even know what bitcoin is.
Ekaros
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October 14, 2013, 11:22:38 AM
 #4

Blockchain tells about 500k wallet users.

Then there is 25 million transactions total... Which sufficiently large part is probably satoshi dice and others.

Couldn't find info on unique addresses in chain.

But my estimate would be around 5M max...


Which is the 0.2% of 2 400 000 000 internet users in 2012...

And that would be upper end of one time users... The real count is probably lower...

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saif92
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October 14, 2013, 01:08:42 PM
 #5

Blockchain tells about 500k wallet users.

Then there is 25 million transactions total... Which sufficiently large part is probably satoshi dice and others.

Couldn't find info on unique addresses in chain.

But my estimate would be around 5M max...


Which is the 0.2% of 2 400 000 000 internet users in 2012...

And that would be upper end of one time users... The real count is probably lower...

these are best stats for bitcoins and I am agree with these  Grin

drrussellshane
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October 14, 2013, 01:11:55 PM
 #6

A very small percentage, but growing all the time.

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shuttleclock
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October 14, 2013, 02:26:36 PM
 #7

Rather than percentage, I am a bit more curious about how many people actually use Bitcoin.
My guess is it's not even exceed 10.000.000 people..
Erdogan
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October 14, 2013, 02:51:09 PM
 #8

[...]
Couldn't find info on unique addresses in chain.
[...]

Number of addresses in the UXTO (Unspent Transaction Output Set). I couldn't find it either, but I would like to know.
Johnny Bitcoinseed
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October 14, 2013, 02:55:17 PM
 #9

That seems a good ballpark figure....1% have heard about it, maybe 1 in 100 of those may have tried using bitcoin or at least downloaded a client.  Of course that is just guesswork on my part.

What this means is there is still a long way to go toward mainstream adoption

Sincerely I am, Johnny BitcoinSeed .com
klmist
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October 14, 2013, 10:59:44 PM
Last edit: October 15, 2013, 12:02:14 AM by klmist
 #10

Around 0.000071% - but that's a generous estimate.. in fact less than 185k people (not much more than the number of registered users on the bitcointalk forum - currently 151k) hold as much as 1BTC. The total number of keys holding 1BTC or more is currently ~223k however around 35k of those keys are the satoshi wealth (unmoved 50BTC coinbases). There's a report on my site; http://www.klmist.com/keysreport.html that updates daily showing the number of keys holding various amounts. I think it's fair to say that almost everyone who uses bitcoin is registered on bitcointalk.
hulk
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October 15, 2013, 12:51:58 PM
 #11

0.00001%, even 1% is enough for Bitcoin to hit $1000. If you compare to the world, Bitcoin is really small Smiley

Johnny Bitcoinseed
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October 17, 2013, 09:04:45 AM
 #12

1% of the world would be about 70-million people.  With only 21 million bitcoin that comes out to about 1/3 of bitcoin each person on average.  So it is possible you could be quite well off if you hold even a small number of bitcoin.

The big road block right now is barrier to entry.  When anybody can use bitcoin as easily as using the Internet or a credit card (or nearly as easily) without fear or specialized knowledge, adoption can really move forward at an even faster pace than now (which is still very fast)

Sincerely I am, Johnny BitcoinSeed .com
Buffer Overflow
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October 17, 2013, 09:21:00 AM
 #13

10-20%? bitcoin is skyrocket now so in a year there will be more people knowing it .

10-20%, don't be silly. Most people I know haven't even heard of it.


nicolazza
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October 17, 2013, 09:39:36 AM
 #14

0.2% (less in my opinion) = 140$/btc
5% =  Cool
20% =  Shocked
50% =  Shocked Shocked Shocked
Wary
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October 17, 2013, 09:58:54 AM
 #15

I think it's fair to say that almost everyone who uses bitcoin is registered on bitcointalk.
How about China?

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BadBear
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October 17, 2013, 11:14:37 AM
 #16

Around 0.000071% - but that's a generous estimate.. in fact less than 185k people (not much more than the number of registered users on the bitcointalk forum - currently 151k) hold as much as 1BTC. The total number of keys holding 1BTC or more is currently ~223k however around 35k of those keys are the satoshi wealth (unmoved 50BTC coinbases). There's a report on my site; http://www.klmist.com/keysreport.html that updates daily showing the number of keys holding various amounts. I think it's fair to say that almost everyone who uses bitcoin is registered on bitcointalk.

A lot of those registered accounts are bots or sockpuppets/scammers, the true number of accounts is probably like 10% of that, and that's being generous. Each scammer probably has at least a dozen accounts.

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ex-trader
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October 17, 2013, 11:40:19 AM
 #17


And don't forget that most people involved in Bitcoin are either miners or investors hoping to get rich, which is why most threads on this forum are about how to make/earn more of them or what the price is/should be.

No-one has ever been able show actual stats for 'real' transactions involving BTC, but my guess is that when gambling or silk road is excluded then the number is very tiny indeed.

The real problem is that it's not clear that for many people that Bitcoin actually offers any real advantages for transactions, other than limited examples of international P2P transfers. BTC transactions aren't free (miners fees and costs of buying/selling Bitcoins), aren't anonymous and all parties take substantial risk of price deviation if any element involves any currency other than BTC.
vpitcher07
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October 17, 2013, 01:36:38 PM
 #18


And don't forget that most people involved in Bitcoin are either miners or investors hoping to get rich, which is why most threads on this forum are about how to make/earn more of them or what the price is/should be.

No-one has ever been able show actual stats for 'real' transactions involving BTC, but my guess is that when gambling or silk road is excluded then the number is very tiny indeed.

The real problem is that it's not clear that for many people that Bitcoin actually offers any real advantages for transactions, other than limited examples of international P2P transfers. BTC transactions aren't free (miners fees and costs of buying/selling Bitcoins), aren't anonymous and all parties take substantial risk of price deviation if any element involves any currency other than BTC.


I think bitcoin's #1 advantage is the fact that it's not owned by any corporation or bank. That in itself makes bitcoin more desirable.

Bitcoin: The currency of liberty
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Johnny Bitcoinseed
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October 17, 2013, 07:14:29 PM
 #19

Plus it has first mover advantage.

Sincerely I am, Johnny BitcoinSeed .com
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October 17, 2013, 07:20:17 PM
 #20

Does anyone know a reputable source with this data ?
If not - make your random guesses here.

http://cdn.obsidianportal.com/assets/16936/Near-Zero.jpeg

http://www.littlevisuals.com/bitcoin-owners.png
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