It's been a while since I've used blockchain.info, but they don't require KYC, right? If so, then anyone can just make any number of wallets that they want. Rather than saying 50k users (unless they have a good way to actually track real signups), it may be more accurate to say they're adding 50k more accounts per day.
Still, if this is true, then I guess it signifies that Bitcoin interest is still pretty strong. I would never recommend anyone to use any online wallet ever, but I suppose newbies have to start somewhere, and that blockchain.com isn't the worst service they could use. They should learn on the fly that online wallets are a bad idea, I just hope it happens sooner rather than later.
Topic: Bitcoin Wallet Blockchain Says It’s Adding 50k Users Per Day - page 2. (Read 450 times)
I think more peoples having bitcoin wallet is good. Its a sign that bitcoin getting more popular and people want to buying bitcoin for their investment. Beside that, more people having bitcoin more transaction in market and i am believe increasing liquidity in market
I think people's faith in Bitcoin is still full. The trouble is whether the new projects are sufficient. There are too many ICOs and their future is doubtful.
It is clearly a good sign that people are not scared of this drop. The brave and clever ones will definitely benefit as the price can't go much lower than this. Now is a good time to invest, before ETFs enter the game and start bringing the price up again.
if true, this is more of a bad news in my opinion. because at this point in time we are not having that much adoption to say this is just a small part of it, in fact I think this shows most of the adoption these days. now the bad part is the fact that it shows new people are using a "web wallet" as their bitcoin wallet and it proves that most of the newcomers do NOT understand bitcoin at all.
hopefully this can change over time and as they read more about what they have just bought and stop only thinking about the price and getting rich!
hopefully this can change over time and as they read more about what they have just bought and stop only thinking about the price and getting rich!
Although the increase in the number of wallets is considered to be a positive sign of the market, I don't think these figures indicate that more new investors are entering the market when the market is so depressed.
50.000 new bitcoins wallets account in just one wallets provider, that's is really good and a lot more than what I thought was possible in this market. This means there's still a lot of buying pres from new bitcoiners who are buying bitcoins to use there wallets, but I guess some of the wallets are made buy old bitcoins users, who find blockchain wallets better to use.
Bitcoin is penetrating the nook and cranny of the entire universe so it is possible for blockchain wallet and coinbase to have such massive registration per day. This is a sign of massive usage.
If these fugures are correct then this sounds excellent. Still you have to have in mind that this is just the number of open accounts, not actual users, so these two numbers might vary. Also, not of all these open accounts will be actualy used.
Another thing is that both Blockchain and Coinbase are making the promotion of their business and services so take this statistics with some reserve.
Another thing is that both Blockchain and Coinbase are making the promotion of their business and services so take this statistics with some reserve.
I would think an account is equal to one user since they most likely don't allow to have multiple accounts and require identification...
If these fugures are correct then this sounds excellent. Still you have to have in mind that this is just the number of open accounts, not actual users, so these two numbers might vary. Also, not of all these open accounts will be actualy used.
Another thing is that both Blockchain and Coinbase are making the promotion of their business and services so take this statistics with some reserve.
Another thing is that both Blockchain and Coinbase are making the promotion of their business and services so take this statistics with some reserve.
It may be accurate statistics of the number of accounts created daily, but one member can create multiple accounts in accordance with the purpose of use! That should not be the number of people daily to join!
For me personally this is not good news, such a large number of newly opened accounts in only one online wallet shows us that the majority of users are not fully aware of all the risks which come along with online wallets. But on the other side blockchain.com ( be aware this service is change domain to .com recently ) is also allows users to buy BTCÐ, so it may be good if users just buy coins and send them to more secure wallets ( desktop&hardware ).
Yes, it is strange that only one site is get 50k new users daily which is 1,500,000 a month, and we do not see any big changes regarding the price. Blockchain service is just maybe want to show how better they are from Coinbase, they sign 50k users daily during December last year and Blockchain is doing that these days.
In my opinion this is just cheap public promotion, they may claim to adding 100k users per day - there is no way for us to know is this true.
this is a huge number of new users in fact. it's strange that the market does not grow although new people come here
Yes, it is strange that only one site is get 50k new users daily which is 1,500,000 a month, and we do not see any big changes regarding the price. Blockchain service is just maybe want to show how better they are from Coinbase, they sign 50k users daily during December last year and Blockchain is doing that these days.
In my opinion this is just cheap public promotion, they may claim to adding 100k users per day - there is no way for us to know is this true.
That is interesting fact but I bet most of them did not have any bitcoin in their wallet, just like me.
I really can't comment on the numbers of the new users that blockchain is adding up but I somehow agree to the point of Peter that notifies Coinbase is adding investment intensive users while overlooking the practicality of using crypto in our daily use. They have different business mindsets all together. Coinbase in mainly an exchange service provider where you can buy crypto using your fiat money and they are also providing an wallet to hold that up!
While blockchain is a primary wallet provider with options to buy crypto using fiat currency through a partner. So the primary focus is different for both of them. However, I don't want to degrade coinbase over blockchain because these two companies have helped the community to increase the footprint of cryptos through their services. Doesn't matter how different they are but they both have contributed in a positive manner!
While blockchain is a primary wallet provider with options to buy crypto using fiat currency through a partner. So the primary focus is different for both of them. However, I don't want to degrade coinbase over blockchain because these two companies have helped the community to increase the footprint of cryptos through their services. Doesn't matter how different they are but they both have contributed in a positive manner!
This is kind of surprising considering how much the price has been dropping and how much negativity has been spread about Bitcoin recently. I would never expect there to be 50k users a day signing up. That's incredible.
How many of them are actually purchasing the coin, is the real question. It's easy to sign up but a lot of people just keep the account open for a while before making a decision to put money into it. Maybe we need some more currency crises and some geopolitical chaos to stir things up a bit and get people running towards Bitcoin.
How many of them are actually purchasing the coin, is the real question. It's easy to sign up but a lot of people just keep the account open for a while before making a decision to put money into it. Maybe we need some more currency crises and some geopolitical chaos to stir things up a bit and get people running towards Bitcoin.
This shows people are still entering Crypto despite the bad news and bear market. From this we can understand that the bear market is nothing but much of FUD to get weak hands to backing down. Just stick to your aspiration and keep faith with bitcoin, when the enemies are tired, market will pick up.
This news is from Dec. 10, 2017, 8:30 AM so from the peak of the hype not now, maybe it's 500 now....
this is a huge number of new users in fact. it's strange that the market does not grow although new people come here
This shows people are still entering Crypto despite the bad news and bear market. From this we can understand that the bear market is nothing but much of FUD to get weak hands to backing down. Just stick to your aspiration and keep faith with bitcoin, when the enemies are tired, market will pick up.
I personally love and use blockchain.info but abandoned it last year for bitwala and other wallets, blockchain transaction fee and confirmation time was very high due to not been Segwit enabled. But am back to it now.
The Blockchain wallet was my first Bitcoin wallet. It was especially appealing to crypto newcomers and I think back in the days it was the most popular online wallet by far. I reckon new users of Bitcoin, who aren't interested in trading or exchanging their coins and simply want to hold long-term, would sign up at Blockhain wallet rather than at Coinbase. Both services cater to different needs and I am glad that Blockchain wallet is still sought after.
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