Topic: [2015-03-17] CS - Bitcoin Will Have Nearly 5 Million Users by 2019 (Read 1255 times)
Juniper is kind of annoying me with this stuff. Once remittance programs start to heat up, 5 million will be what we sneeze in to. It's too difficult to look at the current statistics and try to come up with an answer.
March 19, 2015, 08:21:23 PM
When the price starts making a move that gets more peoples' attention, you'll a lot more holders of the coin but perhaps that won't count as active users. Yet, that's still 3-4 times the total assessed users at the moment so that'll signal much more demand when there's less than half the coins coming out daily at that point. You do the math on that. 
March 19, 2015, 07:40:42 AM
I never pay much notice to speculation in any form concerning bitcoin which is what this is at the end of the day. Nobody can know anything regarding price or number of users and their estimations will likely always be wildly inaccurate. I think adoption will be slow concerning the mainstream but will hopefully pick up traction eventually but as to when all we can do is wait and see.
March 19, 2015, 12:58:57 AM
So stay, coz more people-less bitcoin for us=izi math
March 18, 2015, 09:36:38 AM
Article carried by CNBC as well.
Bitcoin to near 5M active users by 2019, remain niche: Study
http://www.cnbc.com/id/102512655
The bitcoin cryptocurrency system will have nearly 5 million active users by 2019, but it will still remain a niche marketplace, according to new research.
Although several big-name retailers have begun accepting the fledgling digital currency, its user base and transaction volume will only see modest gains, a report released Tuesday by market insight firm Juniper Research predicted. Because of relatively slow consumer adoption, the report, The Future of Cryptocurrency: Bitcoin & Altcoin Impact & Opportunities 2015-2019, advised retailers to not bother with the technology.
Bitcoin to near 5M active users by 2019, remain niche: Study
http://www.cnbc.com/id/102512655
The bitcoin cryptocurrency system will have nearly 5 million active users by 2019, but it will still remain a niche marketplace, according to new research.
Although several big-name retailers have begun accepting the fledgling digital currency, its user base and transaction volume will only see modest gains, a report released Tuesday by market insight firm Juniper Research predicted. Because of relatively slow consumer adoption, the report, The Future of Cryptocurrency: Bitcoin & Altcoin Impact & Opportunities 2015-2019, advised retailers to not bother with the technology.
March 18, 2015, 09:25:22 AM
Nice prediction but you never know what will happen.
If amazon and ebay decide to welcome Bitcoin before 2019 the number of Bitcoin users will go through the roof.
Counting wallets isn't the right way. I myself have already created over 20 wallets in last 3 months.
If amazon and ebay decide to welcome Bitcoin before 2019 the number of Bitcoin users will go through the roof.
Counting wallets isn't the right way. I myself have already created over 20 wallets in last 3 months.
March 18, 2015, 07:47:26 AM
I have to agree with [krigger] on that statement. You cannot base your statistics on the amount of wallets being created. Most people use multiple accounts on several platforms for different things.
I have more than 50+ wallets with different goals or purpose. ^Crazy but true^
There is huge difference between adresses and users, there are way more created addresses and it's calculated by some other formula. I have more than 50+ wallets with different goals or purpose. ^Crazy but true^
March 18, 2015, 07:22:57 AM
I have to agree with [krigger] on that statement. You cannot base your statistics on the amount of wallets being created. Most people use multiple accounts on several platforms for different things.
I have more than 50+ wallets with different goals or purpose. ^Crazy but true^
I have more than 50+ wallets with different goals or purpose. ^Crazy but true^
March 18, 2015, 06:48:02 AM
As I already said in one of my post, there is no precision of calculation in exact numbers.
All we can is a guess, as it depends of multi factors.
All we can is a guess, as it depends of multi factors.
March 18, 2015, 06:13:07 AM
Juniper Research, the U.K.-based company released a report which stated that the number of active Bitcoin users around the globe will approach 4.7 million by the end of 2019. In contrast, last year the number of users was just over 1.3 million.
http://www.coinspeaker.com/2015/03/17/bitcoin-will-have-nearly-5-million-users-by-2019-juniper-research-reports-7843/
http://www.coinspeaker.com/2015/03/17/bitcoin-will-have-nearly-5-million-users-by-2019-juniper-research-reports-7843/
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