Cryptocurrency users statistics

[cryptjh]

Cryptocurrency users statistics:
The experts of the marketing agency BDCenter from Belarus analysed the work of the 30 most popular cryptocurrency exchanges in the world.
See more: https://www.xmlgold.eu/en/news/article/782/cryptocurrency-users-statistics/

More than 70% of the users are men, half of whom have a university degree in relation to economics or mathematics.

So 35% of all traders have a university degree in relation to economics or mathematics!

I don't think 35% of all crypto traders have a university degree in relation to economics or mathematics?   

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[fauzan Ichsan]

Something just came up in my mind
  * What if they banned cryptocurrencies in USA and Russia ? *

It will be like the ice age of cryptocurrencies , we are actually dependent on their government for our good will , if something bad happens and we have to leave the site of Bitcoins and all and everything will be banned then the price will shoot so low and will take so much time to recover that most of the people involved in this will be at a major loss.
 Banning of Bitcoin in smaller countries generally shows a downscale of 100$ -200$ as the net amount , we need to be careful folks.

Everything you said there cant happen overnight. If USA would decide to ban Bitcoin they would have to state that publicly a few months ahead and only after that they will work on the required measures in order to ban it. Because they can't just create a law overnight stating no one is free to use their Bitcoin anymore and ban all exchanges available. If a ban is prepared you will have enough time to retreat in time and minimize your losses.

if it is implemented overnight, it will certainly make a bad impact on the economy in that country, we know that there are many investors who believe in bitcoin, because the government also supports it.

[Kevin77]

Cryptocurrency users statistics:
The experts of the marketing agency BDCenter from Belarus analysed the work of the 30 most popular cryptocurrency exchanges in the world.
See more: https://www.xmlgold.eu/en/news/article/782/cryptocurrency-users-statistics/

It has been close to 6 months since this statistics were given so I am not sure if they are still valid and if anything changed.

But, if we are going to go with this I am still not shocked about the trading fee one. Yeah the listing fee is a lot and they are making a million each anytime they list a coin but they are not listing that much coins to begin with, even if they list like 50 coins a year that is 50 million dollars at most and I doubt they do that nowadays since there are no new good coins left to list.

Trading fee however is constant and they are getting it all the time which means they are really getting a ton of money every single day. Look at binance and how much money they make every single day, who would need listing fee, hell even if there was no listing fee binance would still be making a ton of money.

[monalia]

OP used this board as their promotion way and shared the link of their own website which takes something.

One more thing this is not recently opened thread so we need to understand that this is not the correct thread to give the answer.

We need to ignore such threads while we are making posts in this or other boards. Kindly lock the thread to avoid spams.

[kaya11]

Cryptocurrency users statistics:
The experts of the marketing agency BDCenter from Belarus analysed the work of the 30 most popular cryptocurrency exchanges in the world.
See more: https://www.xmlgold.eu/en/news/article/782/cryptocurrency-users-statistics/

I just read the article and realised that the top users are also from the world economic or political powers such as the US, China and Russia. This is also due to the level of awareness and technological advancement which the citizens have taken advantage of too. You won't expect people from poorer countries to have easy access to such information and technology.

There is no giving an open point to one another, not even a chance. These top notch countries are like these and never has an ending whether it is economic power or political. There just too serious about who is being the top.

[tonyja2017]

Cryptocurrency users statistics:
The experts of the marketing agency BDCenter from Belarus analysed the work of the 30 most popular cryptocurrency exchanges in the world.
See more: https://www.xmlgold.eu/en/news/article/782/cryptocurrency-users-statistics/

I'm really quite surprised about that statistics. Americans are now trading quite a lot of crypto and I'm really overwhelmed. In the US, they have a lot of prohibitions and prohibitions there, but many people can still make a lot of money there.
But what surprised me more was that the listing on Huobi was very high, $ 3.5 million and Binance and Bibox were only $ 1 million.
The Huobi is really a valuable exchange at the present time.

[tonyvo2017]

Cryptocurrency users statistics:
The experts of the marketing agency BDCenter from Belarus analysed the work of the 30 most popular cryptocurrency exchanges in the world.
See more: https://www.xmlgold.eu/en/news/article/782/cryptocurrency-users-statistics/

Why is Binance having a fee when listed on exchange is lower than Huobi? Huobi is also a big exchange but its volume is not as big as Binance. even, Binance only lists really good altcoins on their exchange, and Huobi still has no rigorous tests like Binance.

[guoyu78]

Cryptocurrency users statistics:
The experts of the marketing agency BDCenter from Belarus analysed the work of the 30 most popular cryptocurrency exchanges in the world.
See more: https://www.xmlgold.eu/en/news/article/782/cryptocurrency-users-statistics/

Why is Binance having a fee when listed on exchange is lower than Huobi? Huobi is also a big exchange but its volume is not as big as Binance. even, Binance only lists really good altcoins on their exchange, and Huobi still has no rigorous tests like Binance.

What HUOBI is doing is typical exploitation if it is really true that they charge up to that amount just to get listed on exchange, why? What system do they use that is not same as what other great exchanges like Binance is using, binance still has volume more than them, although it is one of the reasons why they are able to offer affordable fees.

This is why Binance will always have volume more than them, and it is because of these their exploitation that is making everyone want to open an exchanges. I understand that they cannot make it too cheap so that any one will not just and register a shit project but that amount is just too outrageous.

[1Referee]

Why is Binance having a fee when listed on exchange is lower than Huobi? Huobi is also a big exchange but its volume is not as big as Binance. even, Binance only lists really good altcoins on their exchange, and Huobi still has no rigorous tests like Binance.

Huobi is a very shady exchange. It might seem like a big exchange, but most of the volume they generate is fake done through wash trading (i.e. buying and selling your own orders repeatedly). This means that Huobi isn't making a lot of money, and therefore needs other streams of income to get that money.

Huobi some years ago generated like 1-2 million BTC in daily trading volume when the fees were zero. After the PBOC (People's bank of China) cracked down on the exchanges in China, the volume of Huobi dropped to just ~10,000 BTC on average. Giant turned out to not be a giant at all. Asian exchanges are copy cats and cheaters.

[beerlover]

Binance has more volume because they managed to make one thing more clear on their early days, make sure everyone knows about their affiliates. I don't know how many people remember the early days of binance (even during as early as ICO) but people were going crazy about being able to become affiliate networkers and just give out their links for a chance to become a partner with an exchange for people they refereed.

Everywhere online you would see links of people trying to get customers, even I did that in some places and managed to get a lot of people sign up under me and made money from that. So, the reason why they became the best almost in a month over all the other old ones is not low entry fee nor its not trading fee being low, its because everyone invited each other, everyone wanted to get each other to sign up so it became very big very quickly thanks to affiliate incomes.

[Oilacris]

Why is Binance having a fee when listed on exchange is lower than Huobi? Huobi is also a big exchange but its volume is not as big as Binance. even, Binance only lists really good altcoins on their exchange, and Huobi still has no rigorous tests like Binance.

Huobi is a very shady exchange. It might seem like a big exchange, but most of the volume they generate is fake done through wash trading (i.e. buying and selling your own orders repeatedly). This means that Huobi isn't making a lot of money, and therefore needs other streams of income to get that money.

Huobi some years ago generated like 1-2 million BTC in daily trading volume when the fees were zero. After the PBOC (People's bank of China) cracked down on the exchanges in China, the volume of Huobi dropped to just ~10,000 BTC on average. Giant turned out to not be a giant at all. Asian exchanges are copy cats and cheaters.

This was revealed not only on Huobi when it regards to wash trading but also on other high volume exchangers as well.

It turns out that most of them are tagged up with wash trading which they don't really have high volume at all which isn't really
surprising for an exchange to do just for the sake of making theirselves as a better platform.

[cryptoknightt]

It is strange that in USA where I heard cryptocurrency is prohibited - an indicator of 30%. Russia is understandable there are no prohibitions and 15% is quite possible.

It is possible that the USA is afraid that this cryptocurrency will be used to pay for labor actions so that the US is currently banning the use of cryptocurrency by as much as 30%, but I believe this is done by the government for good in the USA.

[bitgolden]

Something just came up in my mind
  * What if they banned cryptocurrencies in USA and Russia ? *

It will be like the ice age of cryptocurrencies , we are actually dependent on their government for our good will , if something bad happens and we have to leave the site of Bitcoins and all and everything will be banned then the price will shoot so low and will take so much time to recover that most of the people involved in this will be at a major loss.
 Banning of Bitcoin in smaller countries generally shows a downscale of 100$ -200$ as the net amount , we need to be careful folks.

Everything you said there cant happen overnight. If USA would decide to ban Bitcoin they would have to state that publicly a few months ahead and only after that they will work on the required measures in order to ban it. Because they can't just create a law overnight stating no one is free to use their Bitcoin anymore and ban all exchanges available. If a ban is prepared you will have enough time to retreat in time and minimize your losses.

if it is implemented overnight, it will certainly make a bad impact on the economy in that country, we know that there are many investors who believe in bitcoin, because the government also supports it.

If U.S makes that ban, I agree that it will have lost of impact on the market not because they will damage the technology of cryptocurrency which they cannot do provided they don’t start apprehending those running it which is also impossible.

The impact of their ban will only come from the FUD news, which will just temporarily drop the price of crypto currencies, but with time, the system will go back to normal after getting over it, I said this because the main reason why people are using crypto more now is because of its investment benefit, and as far as they believe that it will yield them profit, humans will never leave it.

[leea-1334]

It is strange that in USA where I heard cryptocurrency is prohibited - an indicator of 30%. Russia is understandable there are no prohibitions and 15% is quite possible.

It is possible that the USA is afraid that this cryptocurrency will be used to pay for labor actions so that the US is currently banning the use of cryptocurrency by as much as 30%, but I believe this is done by the government for good in the USA.

Strange statistics indeed, even from a glance. But this is the funny thing about research sometimes, it depends on geographic location, age, race and even social and economic factors. Demographics are so important to predict how accurate a study findings can be. The ultimate test is, can the results be repeatable with a similar study today? Bitcoin and crypto is so new too, I feel the range of results are too wide apart.

[Sithara007]

How reliable are these stats? The research is done by an agency based in Belarus and therefore I am getting suspicious at the 15% share given for Russia. 30% for USA looks OK with me, but 15% for Russia is a bit more than what I expected. Also, it is difficult to believe that Russia has more cryptocurrency users when compared to China. 

[maydna]

Cryptocurrency users statistics:
The experts of the marketing agency BDCenter from Belarus analysed the work of the 30 most popular cryptocurrency exchanges in the world.
See more: https://www.xmlgold.eu/en/news/article/782/cryptocurrency-users-statistics/

I think that will be a prediction on how many people involved in the cryptocurrency, but we don't know the right number. Perhaps, the number will be more than that article because, with the internet connection everywhere, I am sure that people can read information about cryptocurrency from many website including in social media.

But that could be a good article for us, and we can know how many people who are joined with the cryptocurrency so far, and I am sure that the number will increase more in the future.

[Leh-Meh]

Some $150,000,000,000 is invested in Bitcoins. Other cryptos must have $2 billion only combined

[Adriano2010]

I also think we can't know the exact number of people who are on crypto, because 1 people can have more wallets and also a lot of altcoins. And yes there are a lot of money invested on bitcoin and i think will be more money on future.

[Dilerium90]

Of course the statistics are relative. And not everything can be accurate, but an interesting fact - almost every exchange has its own coin. It is not difficult to guess that the owners of this coin are very rich people. At each rise of the market it can be sold in huge batches.

[microbb8]

I have doubts that this article is correct. How they analyzed it. I do not think that the top stock exchanges so easily give such user data.