actual number of people using Bitcoin? - page 36.

RealEstCoin

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Quote from: 7788bitcoin on May 25, 2016, 06:24:51 AM

Looking at the statistic in blockchain, there are 146M addresses with >0 BTC. This will be the upper limit.

As we know, almost all bitcoin users have more than 1 address with >0 BTC; I myself have at least 50 addresses with balance >0 BTC. Some enthusiasts and organizations have thousands of these addresses. My guess is that we are still <1 million users, but not far from that.

This is the most logical way to get a range of how many users there really are.

leonair

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You are asking like how many strands of hair do you have in your head, it is possible to know but it takes time and a lot of effort because while you are counting your hair there is another strand that will grow and die/lose at the same time.

Just like the people that is using Bitcoin as of now, Your post for me is valid and doable.

HanSchultz

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Quote from: crwth on December 13, 2016, 01:54:07 PM

I think there's a lot of people who uses bitcoin, especially now that the technology is getting brighter and more high tech. There are a lot of people still learning about Bitcoin every day, maybe through transactions, other people, etc. Maybe other people just doesn't use it because of the possible scams also. There are a lot of close-minded people that just don't want to research what Bitcoin is.

The technology is brighter and more high tech for a long time and it is not a new phenomenon .You cannot really predict the actual number of bitcoin users but there are many new people interested in the technology and with ample time more people will be aware of bitcoin.

crwth

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I think there's a lot of people who uses bitcoin, especially now that the technology is getting brighter and more high tech. There are a lot of people still learning about Bitcoin every day, maybe through transactions, other people, etc. Maybe other people just doesn't use it because of the possible scams also. There are a lot of close-minded people that just don't want to research what Bitcoin is.

deisik

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Quote from: 1Referee on December 12, 2016, 04:53:43 AM

Quote from: deisik on December 08, 2016, 03:42:14 PM

The main problem is that Bitcoin cannot function alongside other fiat currencies without any problems if it should expand in any significant degree. It will necessarily eat away at other currencies "market" by crowding them out of circulation and making these currencies inflate due to that. With such countries and currency zones like the US and EU it may not matter much because of their sheer size, but with small-to-medium countries the effect may be well felt, especially when people start heavily transacting with bitcoins (instead of local fiat)...

And the governments of these countries will be less than happy

By the time Bitcoin grows larger than is the case right now, the importance of fee income for pools is also becoming larger due to the block halvings. With that in mind, it will be less and less interesting to use Bitcoin as currency tool for day to day transactions as it will cost you more than you'll get in return. Especially when you consider that current fiat related payment platforms are also moving forward, where the cost of using it for people is zero, and all payments are instant. Another plus for these people is that they also enjoy buyers protection. I don't think we'll ever come to a point where even a small or medium country is feeling the impact of people transacting with Bitcoin.

Some folks might not quite agree with you on that

You implicitly assume that all things will remain the same, apart from the block rewards eventually tapering off, of course. But we can't be certain of that. In fact, we can be quite certain that things won't remain the same. When halvings are essentially over (i.e. block rewards become negligible), the Bitcoin price simply can't exist at its current level since no one would be able to support it. It should go either a way up, with prices hitting the moon, or a way down, with prices hitting the floor. The first case is possible only through wider adoption, but wider adoption is not possible without increasing the Bitcoin capacity to process transactions. But more transactions means more income through fees even if the fee amount remains basically the same, right?

FaucetRank.com

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Though Number of Bitcoin users are growing but it is hard to tell actual numbers of Bitcoin users but the Bitcoin price is telling the facts that more people day by day knowing about Bitcoin and this is good thing for all of us Bitcoin lovers.

Sithara007

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Quote from: tyoA7X on December 12, 2016, 06:04:19 AM

i think the people are using bitcoin is so many people, maybe human cant count this people

The world population is estimated at more than 7 billion, and it is possible to count all these people (or at least make an accurate estimate). The number of Bitcoin users may be a very small fraction of this 7 billion. So I don't think that it is going to be that hard to count them.

iram3130

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If every exchange website determines and tells us the total number of accounts they have then we may get a gross value of the total number of users. Although there may be many people who have multiple accounts in all or some of the exchange websites. It would be highly impossible to segregate and find a perfect number of unique users.
Another factor is the popularity of the Bitcoins. It's increasing day by day, so we have to track those users too. It's highly impossible to pitch a perfect number of users. You may guess it to the extent.

SvenBomvolen

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Quote from: tyoA7X on December 12, 2016, 06:04:19 AM

i think the people are using bitcoin is so many people, maybe human cant count this people

I dont remember when was the last time when I laughed so much. We humans cant count it, we should call some aliens to help us.
Probably there is couple millions of us active users, maybe more, who would say that when most if the users wish to stay anonymous.

tyoA7X

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i think the people are using bitcoin is so many people, maybe human cant count this people

Kamuflase

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Bitcoin are used by anonym peoples, to showing the proove of course very difficult. But from capital marketl we can know, how big this is impact to the world.

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Quote from: 1Referee on December 12, 2016, 04:53:43 AM

Quote from: deisik on December 08, 2016, 03:42:14 PM

The main problem is that Bitcoin cannot function alongside other fiat currencies without any problems if it should expand in any significant degree. It will necessarily eat away at other currencies "market" by crowding them out of circulation and making these currencies inflate due to that. With such countries and currency zones like the US and EU it may not matter much because of their sheer size, but with small-to-medium countries the effect may be well felt, especially when people start heavily transacting with bitcoins (instead of local fiat)...

And the governments of these countries will be less than happy

By the time Bitcoin grows larger than is the case right now, the importance of fee income for pools is also becoming larger due to the block halvings. With that in mind, it will be less and less interesting to use Bitcoin as currency tool for day to day transactions as it will cost you more than you'll get in return. Especially when you consider that current fiat related payment platforms are also moving forward, where the cost of using it for people is zero, and all payments are instant. Another plus for these people is that they also enjoy buyers protection. I don't think we'll ever come to a point where even a small or medium country is feeling the impact of people transacting with Bitcoin.

You have a point and that time would really come that fees on pools or every transaction would really increase and people would see it as an advantage even though it do have fast transactions but the fee would be the hindrance.FIat would not really got behind no matter what and they will surely evolve even more.

1Referee

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Quote from: deisik on December 08, 2016, 03:42:14 PM

The main problem is that Bitcoin cannot function alongside other fiat currencies without any problems if it should expand in any significant degree. It will necessarily eat away at other currencies "market" by crowding them out of circulation and making these currencies inflate due to that. With such countries and currency zones like the US and EU it may not matter much because of their sheer size, but with small-to-medium countries the effect may be well felt, especially when people start heavily transacting with bitcoins (instead of local fiat)...

And the governments of these countries will be less than happy

By the time Bitcoin grows larger than is the case right now, the importance of fee income for pools is also becoming larger due to the block halvings. With that in mind, it will be less and less interesting to use Bitcoin as currency tool for day to day transactions as it will cost you more than you'll get in return. Especially when you consider that current fiat related payment platforms are also moving forward, where the cost of using it for people is zero, and all payments are instant. Another plus for these people is that they also enjoy buyers protection. I don't think we'll ever come to a point where even a small or medium country is feeling the impact of people transacting with Bitcoin.

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Quote from: kidoseagle0312 on December 12, 2016, 02:11:28 AM

Quote from: ashapasa on May 24, 2016, 11:03:30 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 very hard to speculate the exact amount number's of people using bitcoin. Because I know someone that there is one member here but with multiple account. So meaning my answer No actual no.

There is no way to calculate on how many people are already using bitcoins, even we will use statistics from online wallets sites still it is not reliable. We can just estimate and have an intelligent guess on how many are truly there who are using bitcoins in the whole world. And my guess would be we are in 1 million range.

kidoseagle0312

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Quote from: ashapasa on May 24, 2016, 11:03:30 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 very hard to speculate the exact amount number's of people using bitcoin. Because I know someone that there is one member here but with multiple account. So meaning my answer No actual no.

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Quote from: richardsNY on December 08, 2016, 03:31:21 PM

Quote from: rajasumi3 on December 08, 2016, 02:15:15 PM

bitcoins are mainly used by teenagers to earn like a part time job and they can earn more if they work hard .people with more age group will also earn a lot of bitcoins by investing in them .hope to get the news in the future that bitcoins is the only world wide currency.

This doesn't make any sense and will definitely not happen. What is wrong with Bitcoin being just an alternative currency? There is absolutely no need for Bitcoin to replace anything as it can function alongside all other fiat currencies and banks without any problems. Somehow people continue thinking that Bitcoin must/will replace banks and the fiat system. That's just a delusional way of thinking. Better focus on things more realistic. Wink

I completely agree. There is no option for Bitcoin to be only world currency. This is utopia. Bitcoin can't change the whole economic and the financial system in the whole world and I don't beleive that was intention when it was created. Bitcoin is an alternative to current finances but it can't replace them.

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Quote from: richardsNY on December 08, 2016, 03:31:21 PM

Quote from: rajasumi3 on December 08, 2016, 02:15:15 PM

bitcoins are mainly used by teenagers to earn like a part time job and they can earn more if they work hard .people with more age group will also earn a lot of bitcoins by investing in them .hope to get the news in the future that bitcoins is the only world wide currency.

This doesn't make any sense and will definitely not happen. What is wrong with Bitcoin being just an alternative currency? There is absolutely no need for Bitcoin to replace anything as it can function alongside all other fiat currencies and banks without any problems. Somehow people continue thinking that Bitcoin must/will replace banks and the fiat system. That's just a delusional way of thinking. Better focus on things more realistic. Wink

The main problem is that Bitcoin cannot function alongside other fiat currencies without any problems if it should expand in any significant degree. It will necessarily eat away at other currencies "market" by crowding them out of circulation and making these currencies inflate due to that. With such countries and currency zones like the US and EU it may not matter much because of their sheer size, but with small-to-medium countries the effect may be well felt, especially when people start heavily transacting with bitcoins (instead of local fiat)...

And the governments of these countries will be less than happy

richardsNY

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Quote from: rajasumi3 on December 08, 2016, 02:15:15 PM

bitcoins are mainly used by teenagers to earn like a part time job and they can earn more if they work hard .people with more age group will also earn a lot of bitcoins by investing in them .hope to get the news in the future that bitcoins is the only world wide currency.

This doesn't make any sense and will definitely not happen. What is wrong with Bitcoin being just an alternative currency? There is absolutely no need for Bitcoin to replace anything as it can function alongside all other fiat currencies and banks without any problems. Somehow people continue thinking that Bitcoin must/will replace banks and the fiat system. That's just a delusional way of thinking. Better focus on things more realistic. Wink

crwth

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When someone discovers Bitcoin and realizes the possibilities it has, one cannot not just share it. Knowing that Bitcoins price is rising and rising, definitely it has been talked about to certain communities. Even though people are using it for anonymity, they just can't fathom what Bitcoin has become.

People that use Bitcoin probably over millions around the world. I would want to read about a study using this as the main subject of the study.

rajasumi3

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bitcoins are mainly used by teenagers to earn like a part time job and they can earn more if they work hard .people with more age group will also earn a lot of bitcoins by investing in them .hope to get the news in the future that bitcoins is the only world wide currency.

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