actual number of people using Bitcoin? - page 30.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: Positid on January 03, 2017, 01:02:36 AM

Quote from: iqlimasyadiqa on January 02, 2017, 06:29:59 AM

Quote from: ?? on ??

I think it's impossible to say, but the number will grove as the price of BTC rise. To know the
approximately number of people would interest large companies like Amazon, Ebay etc. when implement BTC as payment method, to see it is worthed or not. For the rest of people (miners, traders etc.) is irrelevant Cool

of course, more and more users will bring in a variety of large investors. bitcoin we believe that the future will be powered by a variety of important components that exist in the world economy today.

Still we cannot determine the exact number of actual users of bitcoin, but we can always feel that the economy of bitcoin is having a success now. you can tell it upon seeing how the price move.

Yeah you can see the progress bitcoin very rapidly right? of course it does not matter how many users continued to arrive and make demand bitcoin in the market continues to grow

GMPoison

sr. member

Activity: 434

Merit: 250

Quote from: deisik on January 07, 2017, 03:12:07 PM

Quote from: QuestionAuthority on January 07, 2017, 02:58:00 PM

Quote from: GMPoison on January 07, 2017, 02:48:33 PM

Nope I definitely don't, the number is probably very small. I know it was a big deal when Overstock started accepting bitcoin and they did a bunch of sales, but apparently they held onto the coins and didn't exchange them instantly so they lost a lot of money, lol. I know a lot of other big companies accept it, and some small local places all over the world do. Obviously on a grand scale the number of people using it will be insignificant, but for bitcoin itself I think the numbers wouldn't be awful so long as more and more people are using it every year.

You're right, if we can convince more people to use Bitcoin everyday like currency then the speculators will get what they want - a continuously rising price that's stable. If Bitcoin had any kind of large daily user economy that was constantly growing it would be almost impossible for the exchange rate to not continuously rise and these $2-3-4 hundred dollar "corrections" to the exchange rate would disappear. It would be devastating to the world economy if the value of the dollar could lose or gain 40-70% overnight. No business in the world would be willing to sell anything for dollars

This is an impossible thing

Unless Bitcoin gets widely adopted first (but that seems to be even less possible). The price may rise but it can't possibly rise in a steady stable manner. And what's even more nasty in this lie of the land is that volatility will increase faster than the price growth. I was telling that many times, but the recent magnificent rally and no less magnificent crash that followed (and we are likely not done yet, i.e. expect more to come) seem to be proving my point. People are mainly using Bitcoin for hoarding so we are basically stuck between the nether and upper millstone in the case price is set to rise

Doesn't volatility decrease over time with bitcoin?

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: QuestionAuthority on January 07, 2017, 02:58:00 PM

Quote from: GMPoison on January 07, 2017, 02:48:33 PM

Nope I definitely don't, the number is probably very small. I know it was a big deal when Overstock started accepting bitcoin and they did a bunch of sales, but apparently they held onto the coins and didn't exchange them instantly so they lost a lot of money, lol. I know a lot of other big companies accept it, and some small local places all over the world do. Obviously on a grand scale the number of people using it will be insignificant, but for bitcoin itself I think the numbers wouldn't be awful so long as more and more people are using it every year.

You're right, if we can convince more people to use Bitcoin everyday like currency then the speculators will get what they want - a continuously rising price that's stable. If Bitcoin had any kind of large daily user economy that was constantly growing it would be almost impossible for the exchange rate to not continuously rise and these $2-3-4 hundred dollar "corrections" to the exchange rate would disappear. It would be devastating to the world economy if the value of the dollar could lose or gain 40-70% overnight. No business in the world would be willing to sell anything for dollars

This is an impossible thing

Unless Bitcoin gets widely adopted first (but that seems to be even less possible). The price may rise but it can't possibly rise in a steady stable manner. And what's even more nasty in this lie of the land is that volatility will increase faster than the price growth. I was telling that many times, but the recent magnificent rally and no less magnificent crash that followed (and we are likely not done yet, i.e. expect more to come) seem to be proving my point. People are mainly using Bitcoin for hoarding so we are basically stuck between the nether and upper millstone in the case price is set to rise

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: GMPoison on January 07, 2017, 02:48:33 PM

Quote from: QuestionAuthority on January 07, 2017, 02:36:19 PM

Quote from: GMPoison on January 07, 2017, 02:29:07 PM

Quote from: QuestionAuthority on January 07, 2017, 02:16:10 PM

No one is "using" Bitcoin. Using implies someone at a store making a purchase. Like this:

I don't think it's fair to say that "no one" is. There are plenty of places that accept bitcoin, just not enough, and certainly not enough people using it.

I think there is a number when counting the quantity of anything that becomes so insignificant that it's safe to say zero. That's where I believe daily Bitcoin user spending falls. I see no evidence that a significant number of consumers are spending Bitcoin daily, if you have some please share.

Nope I definitely don't, the number is probably very small. I know it was a big deal when Overstock started accepting bitcoin and they did a bunch of sales, but apparently they held onto the coins and didn't exchange them instantly so they lost a lot of money, lol. I know a lot of other big companies accept it, and some small local places all over the world do. Obviously on a grand scale the number of people using it will be insignificant, but for bitcoin itself I think the numbers wouldn't be awful so long as more and more people are using it every year.

You're right, if we can convince more people to use Bitcoin everyday like currency then the speculators will get what they want - a continuously rising price that's stable. If Bitcoin had any kind of large daily user economy that was constantly growing it would be almost impossible for the exchange rate to not continuously rise and these $2-3-4 hundred dollar "corrections" to the exchange rate would disappear. It would be devastating to the world economy if the value of the dollar could lose or gain 40-70% overnight. No business in the world would be willing to sell anything for dollars.

GMPoison

sr. member

Activity: 434

Merit: 250

Quote from: QuestionAuthority on January 07, 2017, 02:36:19 PM

Quote from: GMPoison on January 07, 2017, 02:29:07 PM

Quote from: QuestionAuthority on January 07, 2017, 02:16:10 PM

No one is "using" Bitcoin. Using implies someone at a store making a purchase. Like this:

I don't think it's fair to say that "no one" is. There are plenty of places that accept bitcoin, just not enough, and certainly not enough people using it.

I think there is a number when counting the quantity of anything that becomes so insignificant that it's safe to say zero. That's where I believe daily Bitcoin user spending falls. I see no evidence that a significant number of consumers are spending Bitcoin daily, if you have some please share.

Nope I definitely don't, the number is probably very small. I know it was a big deal when Overstock started accepting bitcoin and they did a bunch of sales, but apparently they held onto the coins and didn't exchange them instantly so they lost a lot of money, lol. I know a lot of other big companies accept it, and some small local places all over the world do. Obviously on a grand scale the number of people using it will be insignificant, but for bitcoin itself I think the numbers wouldn't be awful so long as more and more people are using it every year.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: GMPoison on January 07, 2017, 02:29:07 PM

Quote from: QuestionAuthority on January 07, 2017, 02:16:10 PM

No one is "using" Bitcoin. Using implies someone at a store making a purchase. Like this:

I don't think it's fair to say that "no one" is. There are plenty of places that accept bitcoin, just not enough, and certainly not enough people using it.

I think there is a number when counting the quantity of anything that becomes so insignificant that it's safe to say zero. That's where I believe daily Bitcoin user spending falls. I see no evidence that a significant number of consumers are spending Bitcoin daily, if you have some please share.

GMPoison

sr. member

Activity: 434

Merit: 250

Quote from: QuestionAuthority on January 07, 2017, 02:16:10 PM

No one is "using" Bitcoin. Using implies someone at a store making a purchase. Like this:

I don't think it's fair to say that "no one" is. There are plenty of places that accept bitcoin, just not enough, and certainly not enough people using it.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

No one is "using" Bitcoin. Using implies someone at a store making a purchase. Like this:

The daily transactions you find are from exchanges shifting money around:

Money hungry miners getting paid:

And the largest group, speculators buying and selling and miners selling their coin for spendable cash:

And a very few from people buying something on-line:

Bitcoinsummoner

hero member

Activity: 1456

Merit: 624

Maintain Social Distance, Stay safe.

Quote from: Zadicar on January 07, 2017, 12:49:44 PM

Quote from: CyberKuro on January 07, 2017, 12:16:01 PM

Quote from: Capradina on January 07, 2017, 11:59:24 AM

Quote from: NEWGOODOUBLE on January 07, 2017, 06:33:02 AM

therefore, various methods can not describe the exact total bitcoin users. moreover bitcoin users might not use blockchain or use another wallet?
actually what the benefits of calculating total bitcoin users?

Yup, in the lines of the actual facts. That total user bitcoin can never be known, because the number of users of the bitcoin world does not have a container counters that can be used as a benchmark. However it is if we can calculate the total overall user bitcoin (true), then it all will not provide enough good effects in the growth of the bitcoin. Because most people use the bitcoin is of a very simple thing, that is, from the price of the bitcoin can increase more than higher than before. So better think of a way to get bigger profits and get more bitcoin

People always want to know about the growth of bitcoin users to measure how advance we are in numbers.
A good thing to know about the progress of bitcoin that accepted more widely than not going anywhere.
However, it's extremely difficult to calculate exact number and there's no one state had calculated it yet due to bitcoin wallet doesn't represent how much we are and there are plenty of wallets platform besides blockchain.info

This is very true even how we like to know the precise number of bitcoin users throughout the globe no one could really give number because bitcoin is anonymous and its users cant be trace so easily and as you said there are lots of online wallets or any other wallets out there which generates unique wallet addresses,

Its anonymous that is why it is hard to know how mny people are using bitcoin.. also you can use bitcoin wallet fast without asking for your dientity and askign for your government ID that is why many people can use multiple wallet.. and multiple transaction we can not relay if they are using a lots of wallet.. you can not count them exactly but we can give estimation and i think we are in 12% of bitcoin user to the population of the earth..

VeneVici

newbie

Activity: 50

Merit: 0

Quote from: BillyBobZorton on January 07, 2017, 01:26:41 PM

Quote from: Zadicar on January 07, 2017, 12:49:44 PM

Quote from: CyberKuro on January 07, 2017, 12:16:01 PM

Quote from: Capradina on January 07, 2017, 11:59:24 AM

Quote from: NEWGOODOUBLE on January 07, 2017, 06:33:02 AM

therefore, various methods can not describe the exact total bitcoin users. moreover bitcoin users might not use blockchain or use another wallet?
actually what the benefits of calculating total bitcoin users?

Yup, in the lines of the actual facts. That total user bitcoin can never be known, because the number of users of the bitcoin world does not have a container counters that can be used as a benchmark. However it is if we can calculate the total overall user bitcoin (true), then it all will not provide enough good effects in the growth of the bitcoin. Because most people use the bitcoin is of a very simple thing, that is, from the price of the bitcoin can increase more than higher than before. So better think of a way to get bigger profits and get more bitcoin

People always want to know about the growth of bitcoin users to measure how advance we are in numbers.
A good thing to know about the progress of bitcoin that accepted more widely than not going anywhere.
However, it's extremely difficult to calculate exact number and there's no one state had calculated it yet due to bitcoin wallet doesn't represent how much we are and there are plenty of wallets platform besides blockchain.info

This is very true even how we like to know the precise number of bitcoin users throughout the globe no one could really give number because bitcoin is anonymous and its users cant be trace so easily and as you said there are lots of online wallets or any other wallets out there which generates unique wallet addresses,

If we could tell exactly what amount of people are using bitcoin, that would actually be a big problem, since it would mean the privacy of bitcoin is a disaster. The fact that we cannot tell it's a feature. The blockchain is open to know the certainty of transactions, not to kno who does what. I cant wait until we have confidentia ltransactions so people dont know what amounts of coins are being moved anymore, I think that is very harmful for the users.

If only one wallet was allowed per person we'd know, but we absolutely cannot calculate that: while some users may have only one wallet, others maybe got hundreds. Blockchain's wallet offers added anonymity: for each payment you make you can have a different wallet, and that is amazing. Now imagine if you have to pay for dozens of things daily. It's basically impossible to say how many users are using it, but I bet we're over 10.000.000 overall worldwide.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: Zadicar on January 07, 2017, 12:49:44 PM

Quote from: CyberKuro on January 07, 2017, 12:16:01 PM

Quote from: Capradina on January 07, 2017, 11:59:24 AM

Quote from: NEWGOODOUBLE on January 07, 2017, 06:33:02 AM

therefore, various methods can not describe the exact total bitcoin users. moreover bitcoin users might not use blockchain or use another wallet?
actually what the benefits of calculating total bitcoin users?

Yup, in the lines of the actual facts. That total user bitcoin can never be known, because the number of users of the bitcoin world does not have a container counters that can be used as a benchmark. However it is if we can calculate the total overall user bitcoin (true), then it all will not provide enough good effects in the growth of the bitcoin. Because most people use the bitcoin is of a very simple thing, that is, from the price of the bitcoin can increase more than higher than before. So better think of a way to get bigger profits and get more bitcoin

People always want to know about the growth of bitcoin users to measure how advance we are in numbers.
A good thing to know about the progress of bitcoin that accepted more widely than not going anywhere.
However, it's extremely difficult to calculate exact number and there's no one state had calculated it yet due to bitcoin wallet doesn't represent how much we are and there are plenty of wallets platform besides blockchain.info

This is very true even how we like to know the precise number of bitcoin users throughout the globe no one could really give number because bitcoin is anonymous and its users cant be trace so easily and as you said there are lots of online wallets or any other wallets out there which generates unique wallet addresses,

If we could tell exactly what amount of people are using bitcoin, that would actually be a big problem, since it would mean the privacy of bitcoin is a disaster. The fact that we cannot tell it's a feature. The blockchain is open to know the certainty of transactions, not to kno who does what. I cant wait until we have confidentia ltransactions so people dont know what amounts of coins are being moved anymore, I think that is very harmful for the users.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: CyberKuro on January 07, 2017, 12:16:01 PM

Quote from: Capradina on January 07, 2017, 11:59:24 AM

Quote from: NEWGOODOUBLE on January 07, 2017, 06:33:02 AM

therefore, various methods can not describe the exact total bitcoin users. moreover bitcoin users might not use blockchain or use another wallet?
actually what the benefits of calculating total bitcoin users?

Yup, in the lines of the actual facts. That total user bitcoin can never be known, because the number of users of the bitcoin world does not have a container counters that can be used as a benchmark. However it is if we can calculate the total overall user bitcoin (true), then it all will not provide enough good effects in the growth of the bitcoin. Because most people use the bitcoin is of a very simple thing, that is, from the price of the bitcoin can increase more than higher than before. So better think of a way to get bigger profits and get more bitcoin

People always want to know about the growth of bitcoin users to measure how advance we are in numbers.
A good thing to know about the progress of bitcoin that accepted more widely than not going anywhere.
However, it's extremely difficult to calculate exact number and there's no one state had calculated it yet due to bitcoin wallet doesn't represent how much we are and there are plenty of wallets platform besides blockchain.info

This is very true even how we like to know the precise number of bitcoin users throughout the globe no one could really give number because bitcoin is anonymous and its users cant be trace so easily and as you said there are lots of online wallets or any other wallets out there which generates unique wallet addresses,

CyberKuro

hero member

Activity: 798

Merit: 506

Quote from: Capradina on January 07, 2017, 11:59:24 AM

Quote from: NEWGOODOUBLE on January 07, 2017, 06:33:02 AM

therefore, various methods can not describe the exact total bitcoin users. moreover bitcoin users might not use blockchain or use another wallet?
actually what the benefits of calculating total bitcoin users?

Yup, in the lines of the actual facts. That total user bitcoin can never be known, because the number of users of the bitcoin world does not have a container counters that can be used as a benchmark. However it is if we can calculate the total overall user bitcoin (true), then it all will not provide enough good effects in the growth of the bitcoin. Because most people use the bitcoin is of a very simple thing, that is, from the price of the bitcoin can increase more than higher than before. So better think of a way to get bigger profits and get more bitcoin

People always want to know about the growth of bitcoin users to measure how advance we are in numbers.
A good thing to know about the progress of bitcoin that accepted more widely than not going anywhere.
However, it's extremely difficult to calculate exact number and there's no one state had calculated it yet due to bitcoin wallet doesn't represent how much we are and there are plenty of wallets platform besides blockchain.info

Capradina

hero member

Activity: 756

Merit: 520

Quote from: NEWGOODOUBLE on January 07, 2017, 06:33:02 AM

Quote from: Sundark on January 07, 2017, 04:29:15 AM

Quote from: Ironsides on January 07, 2017, 03:08:05 AM

It's still less then 1mln I think

The mere number of wallets created on blockchain.info alone is reaching 10 millions. Sure one user may be the owner of multiple account.
But bitcoin is not used by 1 million of people. It is safe to assume that number of bitcoin's users exceed 10 millions ATM.

therefore, various methods can not describe the exact total bitcoin users. moreover bitcoin users might not use blockchain or use another wallet?
actually what the benefits of calculating total bitcoin users?

Yup, in the lines of the actual facts. That total user bitcoin can never be known, because the number of users of the bitcoin world does not have a container counters that can be used as a benchmark. However it is if we can calculate the total overall user bitcoin (true), then it all will not provide enough good effects in the growth of the bitcoin. Because most people use the bitcoin is of a very simple thing, that is, from the price of the bitcoin can increase more than higher than before. So better think of a way to get bigger profits and get more bitcoin

NEWGOODOUBLE

sr. member

Activity: 476

Merit: 250

Quote from: Sundark on January 07, 2017, 04:29:15 AM

Quote from: Ironsides on January 07, 2017, 03:08:05 AM

It's still less then 1mln I think

The mere number of wallets created on blockchain.info alone is reaching 10 millions. Sure one user may be the owner of multiple account.
But bitcoin is not used by 1 million of people. It is safe to assume that number of bitcoin's users exceed 10 millions ATM.

therefore, various methods can not describe the exact total bitcoin users. moreover bitcoin users might not use blockchain or use another wallet?
actually what the benefits of calculating total bitcoin users?

Tanic

sr. member

Activity: 294

Merit: 250

Quote from: Ironsides on January 07, 2017, 03:08:05 AM

It's still less then 1mln I think

Actually, an absolute maximum of people who are using bitcoin is around 2.5 million now. But approximately half of these addresses have very, very small amounts of bitcoin in - what is termed "dust", or less than 1 mBTC.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: Sundark on January 07, 2017, 04:29:15 AM

Quote from: Ironsides on January 07, 2017, 03:08:05 AM

It's still less then 1mln I think

The mere number of wallets created on blockchain.info alone is reaching 10 millions. Sure one user may be the owner of multiple account.
But bitcoin is not used by 1 million of people. It is safe to assume that number of bitcoin's users exceed 10 millions ATM.

What? I can't understand you are saying that bitcoin is not being used by one million people and you are safely assuming that the user's atm is 10 millions?

Whatever it be, the fact that no one can really give figures on how many people are totally using bitcoins, those wallets can't even be a base for determining how many are we already.

Sundark

hero member

Activity: 560

Merit: 502

Quote from: Ironsides on January 07, 2017, 03:08:05 AM

It's still less then 1mln I think

The mere number of wallets created on blockchain.info alone is reaching 10 millions. Sure one user may be the owner of multiple account.
But bitcoin is not used by 1 million of people. It is safe to assume that number of bitcoin's users exceed 10 millions ATM.

slapper

legendary

Activity: 1946

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

Quote from: Pattart on January 07, 2017, 04:12:01 AM

Quote from: millgates on January 06, 2017, 02:18:08 AM

No one can determine the actual number of people using bitcoin, everyone can have more than 1 wallet, I heard that store bitcoin in many wallet can reduce the risk to be hack. Anyway the number is always increase becouse so many countries were accept bitcoin now.

I think even the wallet every single user can not be calculated. who can count the wallet? maybe everyone uses desktop wallet or is it you can calculate how much the total purse in blockchain?

One person can open unlimited wallets. And Bitcoin was created for the anonymity. Therefore, it is impossible to calculate or even estimate the number of people who are using Bitcoin right now. Many bitcoin users are hackers and it is obvious that they will never show up or provide their identity to us. Due to this reasons, the Government dislike Bitcoin LOL

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: millgates on January 06, 2017, 02:18:08 AM

No one can determine the actual number of people using bitcoin, everyone can have more than 1 wallet, I heard that store bitcoin in many wallet can reduce the risk to be hack. Anyway the number is always increase becouse so many countries were accept bitcoin now.

I think even the wallet every single user can not be calculated. who can count the wallet? maybe everyone uses desktop wallet or is it you can calculate how much the total purse in blockchain?

Topic: actual number of people using Bitcoin? - page 30. (Read 60161 times)