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Topic: actual number of people using Bitcoin? - page 20. (Read 60161 times)

legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
February 21, 2017, 08:43:47 AM
Theres no accurate answer for this one since we dont know how many people do use bitcoin all transaction and wallet address doesnt belong in each person since there are people do have many wallet addresses which means its really hard to determine.
hero member
Activity: 1820
Merit: 537
February 21, 2017, 06:05:14 AM
I don't think who can measure all of the people using bitcoins as everyday there and there is a new bitcoiners .Some said it is near on the total counts of accounts in blockchain .But it is not so sure because not all users use blockchain and some of the blockchain wallets are not active .One person can create multiple blockchain wallets. Instead of counting the people who use bitcoins it is much better to share our ideas to other people about bitcoins that have make more sense .  Cool
hero member
Activity: 644
Merit: 500
Transact Safer / Chase Better
February 21, 2017, 05:53:54 AM
Who knows, maybe an average of 100 new users, appear every day, but that's just a guess. The number may be lower or higher but it would be very difficult to specify.

Even we can't predict any numbers because bitcoin is global currency, even many under developed countries are also using bitcoin for their countries growth. But it cannot be traceable who is buying and who is selling. Daily millions and millions are transaction are being happened, so it is impossible to find actual number.
hero member
Activity: 2842
Merit: 772
February 21, 2017, 05:42:43 AM
most people just using bitcoin for investation
don't know how exactly number of people using bitcoin  Cheesy
Bitcoin is not just an investment platform it has much more wider options than that and if you look at the trading scenario there is a budding option when it comes to trading.

The easiest thing to calculate the actual user data is of the bitcoin wallet. I'm very sure that all transactions are recorded in the wallets.
You really cannot calculate the actual number of people with the data collected from the number of bitcoin wallets used.Everyone uses multiple address for every transaction and so it wont be a definite answer.It is not possible to find out the exact number.

That is right. But we can estimate from the number of transactions.
sr. member
Activity: 319
Merit: 250
February 13, 2017, 05:37:59 PM
most people just using bitcoin for investation
don't know how exactly number of people using bitcoin  Cheesy
Bitcoin is not just an investment platform it has much more wider options than that and if you look at the trading scenario there is a budding option when it comes to trading.

The easiest thing to calculate the actual user data is of the bitcoin wallet. I'm very sure that all transactions are recorded in the wallets.
You really cannot calculate the actual number of people with the data collected from the number of bitcoin wallets used.Everyone uses multiple address for every transaction and so it wont be a definite answer.It is not possible to find out the exact number.
hero member
Activity: 952
Merit: 503
February 13, 2017, 02:10:42 PM
most people just using bitcoin for investation
don't know how exactly number of people using bitcoin  Cheesy
yeah i also never focus on the actual number of bitcoin users i just using bitcoin and trade in bitcoin and i use some bitcoin for online shopping because its very easy to use in anywhere for online shopping.
sr. member
Activity: 840
Merit: 254
February 13, 2017, 01:30:58 PM
most people just using bitcoin for investation
don't know how exactly number of people using bitcoin  Cheesy
regardless of bitcoin used for investment or currency. I believe bitcoin users has reached millions of people. you can see a lot of people around the world already know about bitcoin? that is the mark
But knowing about bitcoin is not the same as holding bitcoin, I'm sure there are hundreds of millions of people that at least have heard of bitcoin but of those only a small portion of the population has any holding in bitcoin.
hero member
Activity: 588
Merit: 500
February 13, 2017, 07:19:17 AM
The easiest thing to calculate the actual user data is of the bitcoin wallet. I'm very sure that all transactions are recorded in the wallets.

That is true for sure but does it help at all? We can get the number of bitcoin wallets ever used and then divide that to the average number of bitcoin wallet bitcoin users has. That's an easy way to go but we don't even know the average number of bitcoin wallet an individual bitcoin user has. It's another problem to solve. And even if we have the average number of bitcoin wallet per individual, someone can make the record false in just a couple of hours by making tons of wallet that all belongs to him.

The amount of bitcoin wallets just don't help at all since you can create infinite number of them.
sr. member
Activity: 420
Merit: 250
February 13, 2017, 05:22:43 AM
Is there a way to determine the number of people who are actually using Bitcoin till date? Who would have access to such information? Meaning a way to find out, how many new people have used Bitcoin in 2016 , so that we can say exponential growth is natural not artificially created by hoarders.

It is too impossible to trace the actual number of people using bitcoin. Only different addresses that can be counting in the blockchain history, even in all exchange platform. But we can see the growth daily of the new users, in every hours or a minutes in the entire world.

Exactly it is not possible to calculate because many people will use multiple address for bitcoin transaction, so it is not possible to calculate according to block chain. At the same time many people investing different sectors of investment like rev share, doubling, chain system, so it is hard to find how many people are actually using bitcoin.

Its impossible to come to exact conclusion that how many accurate number of people are using bitcoins as majority of us have multiple wallets with multiple address so it would be waste of time in calculating the users of bitcoin but one thing is sure that the users are increasing rapidly on daily basis.
sr. member
Activity: 406
Merit: 250
February 13, 2017, 04:38:08 AM
Is there a way to determine the number of people who are actually using Bitcoin till date? Who would have access to such information? Meaning a way to find out, how many new people have used Bitcoin in 2016 , so that we can say exponential growth is natural not artificially created by hoarders.

It is too impossible to trace the actual number of people using bitcoin. Only different addresses that can be counting in the blockchain history, even in all exchange platform. But we can see the growth daily of the new users, in every hours or a minutes in the entire world.

Exactly it is not possible to calculate because many people will use multiple address for bitcoin transaction, so it is not possible to calculate according to block chain. At the same time many people investing different sectors of investment like rev share, doubling, chain system, so it is hard to find how many people are actually using bitcoin.

just what other says. we cannot calculate the exact number of users of bitcoin for today. but in the near future when the developers of bitcoin has added some features about the security of bitcoin accounts. there would be way for it to calculate the exact number of users in the whole world.
hero member
Activity: 1302
Merit: 508
Leading Crypto Sports Betting & Casino Platform
February 13, 2017, 04:10:08 AM
Is there a way to determine the number of people who are actually using Bitcoin till date? Who would have access to such information? Meaning a way to find out, how many new people have used Bitcoin in 2016 , so that we can say exponential growth is natural not artificially created by hoarders.

It is too impossible to trace the actual number of people using bitcoin. Only different addresses that can be counting in the blockchain history, even in all exchange platform. But we can see the growth daily of the new users, in every hours or a minutes in the entire world.

Exactly it is not possible to calculate because many people will use multiple address for bitcoin transaction, so it is not possible to calculate according to block chain. At the same time many people investing different sectors of investment like rev share, doubling, chain system, so it is hard to find how many people are actually using bitcoin.
sr. member
Activity: 546
Merit: 256
February 13, 2017, 04:06:06 AM
I think no more than 1 million users. It is based on information released by news websites in china. From 1 million active users bitcoin, over 70% are from china, so that China can control the price bitcoin.
I honestly doubt with that data. you know bitcoin already more than 7 years of launching and bitcoin itself has spread around the world. I'm sure the number of users more than 1 million dude
I think bitcoin user less than 1 million if true bitcoin users has reached 1 million, the price of bitcoin already touched $ 2,000 due only 2,5 million bitcoin can we mine.
I think 1 million users, including small amounts. if you want to look at the price of $ 2,000. bitcoin user must have an equivalent amount of gold. I think the number of users bitcoin is now more than 1 million users #imo

i think bitcoins value is not basing on gold. the developers has their own way to make the value of it plus the demand of the users for the bitcoin. the volume of the bitcoin also changes its value. we cant really calculate the number of users of bitcoin today because we dont have any ideas on how to calculate it because bitcoin users can make multiple accounts this days.
hero member
Activity: 1148
Merit: 504
February 13, 2017, 01:26:50 AM
I think no more than 1 million users. It is based on information released by news websites in china. From 1 million active users bitcoin, over 70% are from china, so that China can control the price bitcoin.
I honestly doubt with that data. you know bitcoin already more than 7 years of launching and bitcoin itself has spread around the world. I'm sure the number of users more than 1 million dude
I think bitcoin user less than 1 million if true bitcoin users has reached 1 million, the price of bitcoin already touched $ 2,000 due only 2,5 million bitcoin can we mine.
I think 1 million users, including small amounts. if you want to look at the price of $ 2,000. bitcoin user must have an equivalent amount of gold. I think the number of users bitcoin is now more than 1 million users #imo
full member
Activity: 154
Merit: 100
February 13, 2017, 01:15:26 AM
The easiest thing to calculate the actual user data is of the bitcoin wallet. I'm very sure that all transactions are recorded in the wallets.
hero member
Activity: 1148
Merit: 504
February 12, 2017, 07:23:37 PM
most people just using bitcoin for investation
don't know how exactly number of people using bitcoin  Cheesy
regardless of bitcoin used for investment or currency. I believe bitcoin users has reached millions of people. you can see a lot of people around the world already know about bitcoin? that is the mark
full member
Activity: 210
Merit: 100
February 12, 2017, 04:12:07 PM
Who knows, maybe an average of 100 new users, appear every day, but that's just a guess. The number may be lower or higher but it would be very difficult to specify.

I think the number is higher than just 100 a day.. Maybe at around 500 per day is more correct. We are growing faster with every new user, because they will talk to others about it and their friends will talk to their friends too and so on, making the community grow faster than we think.
sr. member
Activity: 840
Merit: 254
February 12, 2017, 03:42:19 PM
Is there a way to determine the number of people who are actually using Bitcoin till date? Who would have access to such information? Meaning a way to find out, how many new people have used Bitcoin in 2016 , so that we can say exponential growth is natural not artificially created by hoarders.
There is no way to know any of those answers op, the nature of bitcoin makes it impossible to know with certainty, we can speculate and at best get close to the real numbers but that is it.
newbie
Activity: 14
Merit: 0
February 12, 2017, 03:33:40 PM
most people just using bitcoin for investation
don't know how exactly number of people using bitcoin  Cheesy
full member
Activity: 209
Merit: 100
February 12, 2017, 03:32:17 PM
Who knows, maybe an average of 100 new users, appear every day, but that's just a guess. The number may be lower or higher but it would be very difficult to specify.
full member
Activity: 381
Merit: 101
February 12, 2017, 03:11:37 PM
Is there a way to determine the number of people who are actually using Bitcoin till date? Who would have access to such information? Meaning a way to find out, how many new people have used Bitcoin in 2016 , so that we can say exponential growth is natural not artificially created by hoarders.

It is too impossible to trace the actual number of people using bitcoin. Only different addresses that can be counting in the blockchain history, even in all exchange platform. But we can see the growth daily of the new users, in every hours or a minutes in the entire world.
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