Topic: actual number of people using Bitcoin? - page 40. (Read 60161 times)
In the world surely countless users are using btc, like those who make different investments, and also the people who enjoy using it, because of the easy way that transactions can be done with it.but it is hard to get the true number who are using BTC now.
No one can tell the actual number of people who uses Bitcoin!
First of all, Bitcoin is being use anonymously. Second, it is decentralized so there is no accurate information for the total number of users. Third, many people has duplicate wallets in different wallet providers so again, the data might be inaccurate if you will based on the number of wallets created. And lastly, there are lots of new Bitcoin users everyday so the number continuously increasing!
First of all, Bitcoin is being use anonymously. Second, it is decentralized so there is no accurate information for the total number of users. Third, many people has duplicate wallets in different wallet providers so again, the data might be inaccurate if you will based on the number of wallets created. And lastly, there are lots of new Bitcoin users everyday so the number continuously increasing!
Let's face the facts. The first 3 years of its history Bitcoin had been virtually unknown to a wider world, consistently reaching 50k transactions per day only by the end of 2012:
Before 2012, the number of transactions is even hard to estimate accurately. After 2012 and till now, the number of transactions has increased fivefold, and it took over 2 years to grow from 50k to just 100k (2013-mid 2015). Within the last 12 or so months this number increased over two times. Okay, Visa or Mastercard are most likely processing a lot more transactions (I don't really know by how much, so everyone is welcome to chime in on this), but what would happen to the Bitcoin network if the number of pending transactions all of sudden grew a dozen times? Would the network be able to process, say, 2,500k transactions daily? And a 250k city is by no means a tiny one, to be honest (I guess that over 90% of all cities around the world are less than that)...
Even if totally omitting that such an analogy is meaningless itself (like your other analogies)
Before 2012, the number of transactions is even hard to estimate accurately. After 2012 and till now, the number of transactions has increased fivefold, and it took over 2 years to grow from 50k to just 100k (2013-mid 2015). Within the last 12 or so months this number increased over two times. Okay, Visa or Mastercard are most likely processing a lot more transactions (I don't really know by how much, so everyone is welcome to chime in on this), but what would happen to the Bitcoin network if the number of pending transactions all of sudden grew a dozen times? Would the network be able to process, say, 2,500k transactions daily? And a 250k city is by no means a tiny one, to be honest (I guess that over 90% of all cities around the world are less than that)...
Even if totally omitting that such an analogy is meaningless itself (like your other analogies)
That's a long time in cyberspace dude. Pokémon Go is six month old and has 26 million daily users. Within two years most social media sites (facebook, MySpace, etc.) had millions of users. Apple Pay is two years old and has 4 million users. AmazonPayments had over 2 million users the first year of operation. In 2012, a stock of about 17 million M-Pesa accounts had been registered in Kenya alone. That's after only 5 years in operation. In cyberspace 6 years is an eternity. Bitcoin is becoming the grandfather of online payment systems.
Are you serious about Pokémon Go and shit like that, mate? In half a year no one will give a fuck about that crap anymore (since new wacky crap will surely come about). I'm curious if you yourself really understand how skewed, distorted and biased your analogies are? What does a game have to do with a currency? On the other hand, Bitcoin is a decentralized payment processor of sorts, but there were quite a few other Internet payment processors already before it and most, if not all, had established companies backing them (Apple, Amazon, whatever)...
Bitcoin was born into tough competition with essentially nothing behind it
According to the data from the beginning of this year there are now over 10 million bitcoin wallets. I would rather assume that 1 bitcoiner might be using 2 or more wallets.
For example online wallet for quick access and fast transactions and full validation software wallet as main wallet.
With bitcoin wallets being free and easy to create, it is illogical to think that multiple users are sharing control over one wallet.
Provide the links to your data, about the average total number of the wallet, are using by bitcoiners are need more researchers and taking some sample of bitcoiners. For example online wallet for quick access and fast transactions and full validation software wallet as main wallet.
With bitcoin wallets being free and easy to create, it is illogical to think that multiple users are sharing control over one wallet.
If there are 20 address and 10 bitcoin users and how many the actual number of the bitcoin address owned by each bitcoiners, but i don't talk about an average number of owned the address of bitcoin?
For supporting the assumption are need more supported.
According to the data from the beginning of this year there are now over 10 million bitcoin wallets. I would rather assume that 1 bitcoiner might be using 2 or more wallets.
For example online wallet for quick access and fast transactions and full validation software wallet as main wallet.
With bitcoin wallets being free and easy to create, it is illogical to think that multiple users are sharing control over one wallet.
For example online wallet for quick access and fast transactions and full validation software wallet as main wallet.
With bitcoin wallets being free and easy to create, it is illogical to think that multiple users are sharing control over one wallet.
That's a pathetic little number considering how long bitcoin has been around now. After over six years bitcoin still has fewer users WORLDWIDE than the population of a tiny city in Iran.
Let's face the facts. The first 3 years of its history Bitcoin had been virtually unknown to a wider world, consistently reaching 50k transactions per day only by the end of 2012:
Before 2012, the number of transactions is even hard to estimate accurately. After 2012 and till now, the number of transactions has increased fivefold, and it took over 2 years to grow from 50k to just 100k (2013-mid 2015). Within the last 12 or so months this number increased over two times. Okay, Visa or Mastercard are most likely processing a lot more transactions (I don't really know by how much, so everyone is welcome to chime in on this), but what would happen to the Bitcoin network if the number of pending transactions all of sudden grew a dozen times? Would the network be able to process, say, 2,500k transactions daily? And a 250k city is by no means a tiny one, to be honest (I guess that over 90% of all cities around the world are less than that)...
Even if totally omitting that such an analogy is meaningless itself (like your other analogies)
That's a long time in cyberspace dude. Pokémon Go is six month old and has 26 million daily users. Within two years most social media sites (facebook, MySpace, etc.) had millions of users. Apple Pay is two years old and has 4 million users. AmazonPayments had over 2 million users the first year of operation. In 2012, a stock of about 17 million M-Pesa accounts had been registered in Kenya alone. That's after only 5 years in operation. In cyberspace 6 years is an eternity. Bitcoin is becoming the grandfather of online payment systems.
We cannot know the number because of the fact that the bitcoin has so many users and wallets and we cannot check if these wallets as a example are not from the same user...
That's a pathetic little number considering how long bitcoin has been around now. After over six years bitcoin still has fewer users WORLDWIDE than the population of a tiny city in Iran.
Let's face the facts. The first 3 years of its history Bitcoin had been virtually unknown to a wider world, consistently reaching 50k transactions per day only by the end of 2012:
Before 2012, the number of transactions is even hard to estimate accurately. After 2012 and till now, the number of transactions has increased fivefold, though it took over 2 years to grow from 50k to just 100k (2013-mid 2015). Within the last 12 or so months this number increased over two times. Okay, Visa or Mastercard are most likely processing a lot more transactions (I don't really know by how much, so everyone is welcome to chime in on this), but what would happen to the Bitcoin network if the number of pending transactions all of a sudden grew a dozen times? Would the network be able to process, say, 2,500k transactions daily? And a 250k city is by no means a tiny one, to be honest (I guess that over 90% of all cities around the world are less than that)...
Even if totally omitting that such an analogy is meaningless itself (like your other analogies)
Bitcoin is moving forward with very solid growth even it may take some more time to reach its all time higher price ever, but I'm pretty sure it will surpass it very soon and the future of bitcoin will be more brighter than ever.The price started increasing. More are joining into this community which ia also an indication of its immense growth.
The topic is about the actual number people using bitcoin, and you are discussing the price and the growth, for sure it is growing day by day and that is a reason why we cannot count the exact users of bitcoin because if today we counted them (though it is not possible) and tomorrow they increase again and our yesterdays estimation will be wrong again in the next day.
That's why the number of people using or having used Bitcoin has little to no relevance for the purpose of assessing the dynamics of Bitcoin adoption. Just one individual (for example, a merchant) actively and heavily using Bitcoin on a daily basis would contribute to that purpose more than a dozen of Bitcoin newbies just testing waters with Bitcoin on some faucets. The said shouldn't be misconstrued as discrimination against people who are just learning about Bitcoin, though...
As I mentioned earlier in the thread, a number of transactions processed daily would much better serve that purpose
And that's about 250k.
For perspective:
That's about the same number of people in the United States that are married to their second cousin or closer relative.
That's about the same number of people that march on Washington in any given protest in the US.
That's about the same number of people that are arrested in Morocco every six months.
That's about the same number of people that watched the band Muse play at Wimbley stadium in the UK.
That's about the same number of people that die annually from taking illegal drugs.
That's the population of Borujerd, Iran.
That's a pathetic little number considering how long bitcoin has been around now. After over six years bitcoin still has fewer users WORLDWIDE than the population of a tiny city in Iran.
Bitcoin is moving forward with very solid growth even it may take some more time to reach its all time higher price ever, but I'm pretty sure it will surpass it very soon and the future of bitcoin will be more brighter than ever.The price started increasing. More are joining into this community which ia also an indication of its immense growth.
The topic is about the actual number people using bitcoin, and you are discussing the price and the growth, for sure it is growing day by day and that is a reason why we cannot count the exact users of bitcoin because if today we counted them (though it is not possible) and tomorrow they increase again and our yesterdays estimation will be wrong again in the next day.
That's why the number of people using or having used Bitcoin has little to no relevance for the purpose of assessing the dynamics of Bitcoin adoption. Just one individual (for example, a merchant) actively and heavily using Bitcoin on a daily basis would contribute to that purpose more than a dozen of Bitcoin newbies just testing waters with Bitcoin on some faucets. The said shouldn't be misconstrued as discrimination against people who are just learning about Bitcoin, though...
As I mentioned earlier in the thread, a number of transactions processed daily would much better serve that purpose
It's unpredictable because while creating bitcoin wallet we don't have to provide any personal information so it no one can track real bitcoin user. But one could make wise guess of approximate number of user using the network. Well in my view the number of bitcoin user is quit less then million
For sure is unpredictable, people here saying < 500k, 1kk people using, well, can you imagine the marketcap of bitcoin if 500 millions start to use the coin? That's why bitcoin have a lot of potential to grow.
It's a difficult question. The number of wallets would not be enough to determine a value, since a single user can have several wallets. In this case, only statistical research would give a good estimate.
It's unpredictable because while creating bitcoin wallet we don't have to provide any personal information so it no one can track real bitcoin user. But one could make wise guess of approximate number of user using the network. Well in my view the number of bitcoin user is quit less then million
I think there is no way to know the exact number. Actually, there's a lot of people who are using bitcoin at the moment. In short, it's already countless. As time goes by, there's more and more people who are joining the world of bitcoin and this is actually good for bitcoin.
We just need to estimate the order of the magnitude. At present, there are fewer than 500,000 people.
I think there is no way to know the exact number. Actually, there's a lot of people who are using bitcoin at the moment. In short, it's already countless. As time goes by, there's more and more people who are joining the world of bitcoin and this is actually good for bitcoin.
I couldn't determine the actual or exact number of these people who uses bitcoin, currently there are many of them and i am one of them. Describing it in my own words, i can really say to it that this is an infinite number because it keeps on increasing its number day by day and i cannot say its declining. One thing i couldn't say its not declining one reason is the enjoyment of the people who engage in online gambling they enjoy it and win with it even though there's a risk with their betting amount. Gambling is not just the only one reason, but there's more of it like marketing, trading bitcoins, online selling and even loans are now adapting this kind of digital currency which can be your monetary cash.
I think there is no way to know the exact number. Actually, there's a lot of people who are using bitcoin at the moment. In short, it's already countless. As time goes by, there's more and more people who are joining the world of bitcoin and this is actually good for bitcoin.
Its very hard to predict on how many people are using BTC. More and more getting into this forum, earning and utilizing the btc earned. Many merchants have started accepting bitcoins. So the currency is being rotated more other like before. My prediction would be it has become 5 times bigger than what we had 2 years back.
And not all the people who are into bitcoins are already here in forum because many of them wants to remain anonymous and mines secretly.
I don't think that it is just only 5 times the number way back 2 years ago, because it is just like a virus that can spread very fast.
I am thinking maybe 7-8 times.
Even if you are in the form you are still anonymous for the ones who can see you here, as they can only see the information you allow them to see so the only thing they can see without your permission is your account name which you can put any of your choice.
And as you said not every bitcoin user is present on this forum which could have been a way of counting the users somehow.
Its very hard to predict on how many people are using BTC. More and more getting into this forum, earning and utilizing the btc earned. Many merchants have started accepting bitcoins. So the currency is being rotated more other like before. My prediction would be it has become 5 times bigger than what we had 2 years back.
And not all the people who are into bitcoins are already here in forum because many of them wants to remain anonymous and mines secretly.
I don't think that it is just only 5 times the number way back 2 years ago, because it is just like a virus that can spread very fast.
I am thinking maybe 7-8 times.
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.
I think there is no way to determine this. there is nothing that can determine the actual growth accurately but i bet you there is increasing growth of people because of rising price.
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.
I think there is no way to determine this. there is nothing that can determine the actual growth accurately but i bet you there is increasing growth of people because of rising price.Jump to: