Cryptocurrency Around The World - page 2.

DanWalker

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Quote from: tabas on March 21, 2022, 04:25:29 PM

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

The data may not be entirely accurate, but there is no denying that cryptocurrencies are growing in popularity and playing a more important role in our lives. In addition to being legal in countries, like the war between Russia and Ukraine, we can see that crypto is playing an important role in a large-scale crisis. Crypto is one of the ways for Russia to overcome the consequences of sanctions, could also play an active role in helping Ukraine face Russian aggression.

I firmly believe that cryptocurrency will grow even more in the coming years, it will not stop at just a few hundred million users.

verita1

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The graph shows an interesting statistic. The progress that crypto has achieved throughout the world is exponential, it is useful for the strengthening of bitcoin, altcoins and the birth of other projects.
Because it is no secret to anyone that we are evolving: NFT, GameFi, WEB3, Metaverse. New projects compete in offering either low fees or zero fees and at lightning speed.

The Asian market is undoubtedly large and experienced in crypto. From my point of view, communities are being created around the world so that they can choose the best products that meet their investment expectations.

oHnK

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Quote from: taufik123 on March 23, 2022, 01:45:38 AM

Quote from: coinism on March 23, 2022, 12:58:25 AM

It's because of pseudo nature of Bitcoin and other decentralized cryptos that we can never find exact number of users. An average crypto user may have atleast 5 or more wallets (just my own guess). Wallet once created remain there even if the owner abandon it, so wallet count is not fair way of calculating no of crypto users. We can only find no of crypto users from centralized crypto exchanges.

1 person may be able to have more than 5 wallets even up to dozens of wallets, because making a wallet does not need to pay or use a hardware wallet. There is no fixed count. what can be counted is only data that goes to big exchanges like Binance, Kucoin, coinbase etc because they set KYC so they know how many million people use cryptocurrency. Referring to the address alone will not be accurate.
Currently, cryptocurrencies are widely known by the public, and have started to enter to invest. crypto users will continue to grow.

Crypto offers us an convenience, so there is no any crucial term that have to be filled. This is why Crypto become solution for people who is unbankable. We can see the convenience of using crypto in Russian war, although they are banned in economy policy by US, They can still make international transaction with cryptocurrency.

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I would like to see the data source for this graph to see if there might be duplication. They could have used reported user statistics from individual exchanges that were linked to KYC requirements, but the question is... did they simply use the numbers or did they actually compare the databases to see if these users had several accounts on different exchanges.

Example : BitX = 50 000 users and BitY = 50 000 users ....but 100% of the users have accounts on both exchanges. Now you have 50 000 unique user accounts and not 100 000 user accounts. Wink

Issa56

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I can't really say if the figures mention by Bitstar_coin is really correct or wrong but all what I know is that lots of people are adopting cryptocurrency on a daily basis and bitcon is spreading rapidly all over the world, I believe time will come when everybody will know about bitcon and it will be accepted as payment method all over the world

slackovic

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Is the exact number of people that use crypto even important? I think we all can agree with the fact that that number increased significantly in the last two years. I don't know if the pandemic is the reason but it doesn't matter in the end. What matters is that more and more people use crypto and that's what we all want in the end.

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Quote from: coinism on March 23, 2022, 12:58:25 AM

It's because of pseudo nature of Bitcoin and other decentralized cryptos that we can never find exact number of users. An average crypto user may have atleast 5 or more wallets (just my own guess). Wallet once created remain there even if the owner abandon it, so wallet count is not fair way of calculating no of crypto users. We can only find no of crypto users from centralized crypto exchanges.

1 person may be able to have more than 5 wallets even up to dozens of wallets, because making a wallet does not need to pay or use a hardware wallet. There is no fixed count. what can be counted is only data that goes to big exchanges like Binance, Kucoin, coinbase etc because they set KYC so they know how many million people use cryptocurrency. Referring to the address alone will not be accurate.
Currently, cryptocurrencies are widely known by the public, and have started to enter to invest. crypto users will continue to grow.

coinism

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Quote from: tabas on March 21, 2022, 04:25:29 PM

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

It's because of pseudo nature of Bitcoin and other decentralized cryptos that we can never find exact number of users. An average crypto user may have atleast 5 or more wallets (just my own guess). Wallet once created remain there even if the owner abandon it, so wallet count is not fair way of calculating no of crypto users. We can only find no of crypto users from centralized crypto exchanges.

famososMuertos

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OP: It will always be an estimate with a tolerance of +/- millions, well, let's be fairer +/- thousands so as not to exaggerate, by the way none of the sources is accurate, so no matter where you look this is always imprecise.

So how to know how many people there are, well, sure we are maybe millions, 100, 200, 300 something like that. Cool

Edit:
reformulate context or the idea to be expressed.
Thanks for the clarification.
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I don't think North America having less adoption compared to Europe or Africa is a correct statistic!
Also despite the population in Asia being a lot more than any other continent, 160 million doesn't seem correct to me.
There is a good chance that they are taking altcoin related accounts and adding them together. Meaning one user may be bag holding multiple shitcions on multiple exchanges/wallets and they count that one user as multiple hence the huge 300 million users.

Quote from: KennyR on March 22, 2022, 06:38:25 PM

It is 2021-2022 that have got the increase in the user number. This could've happened as a result of the pandemic that made people within the home and look for opportunities on the internet. Majority have landed into cryptocurrency by the time.

The growth is misleading here because this is the number of "identity verifiable" users not "users". I believe this is because from 2016 till today the government has been forcing more and more KYC on centralized services such as exchanges so it is expected to have an increased number of users with known identities as more services enforce KYC.

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Quote from: Bitstar_coin on March 21, 2022, 08:43:07 AM

Okay so i stumbled across this post on twitter and i thought to share it among fellow members,
it shows the growth of crypto around the world, (Over 300 million users around the world) although am not sure how authentic the data or source of the data is, but it is interesting to see how crypto is gradually spreading in different part of the world and would continue spreading in years to come.
Whats your take on this.

Source Link

there is a similar thread about this 300 million users if crypto but like what i said there is no assurance that this is indeed the count because the wallets can be owned by single person with a thousand account.
that means you will never make a complete details of how many people uses crypto around the world.
but knowing this is really heart warming as we are increasing the people who like us at one point deny believing and not investing .

adzino

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How do they actually know how many crypto currency users are there? I think it is far from accurate unless they are using data from exchanges (still won't be accurate since not everyone uses an exchange, but some at one point does). If this is based on number of wallets, then keep you know, one users can have multiple wallets. Like 20 or 100s of them. So I doubt coming to any conclusion based on this chart would mean anything.

Darker45

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This is probably far from accurate, but at least this goes to show that Bitcoin is present everywhere. And without a marketing department or a PR agency hired to spread the brand, having reached 200 million supporters in just a little more than a decade is a truly amazing feat. Of course, I assume that every crypto supporter is a Bitcoin supporter.

For the next decade, I am more than sure the figures shown in the map will more than double. With this, I hope more stores and shops and restaurants and bars, hotels, casinos, and resorts will be opening up for Bitcoin payment.

DapanasFruit

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The main takeaway with this map is that there is a growing trend of people who are getting interested with cryptocurrency, starting mostly with Bitcoin and then the most popular alts. And this is a big movement that is so hard to stop because even in China where the government had already banned all forms ad types of cryptocurrency there are still many who are into it. I am just wondering if people in El Salvador has already been counted on this statistics. Now, with some states of USA and maybe small countries similar to El Salvador about to recognize Bitcoin there is a big possibility that by 2023 the figure could already have ballooned a lot.

ChiBitCTy

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This is a pretty interesting map, but I’m not sure that I’m completely buying the data from it. It’s very hard for me to believe that Africa has more users than the United States. I guess I could see Europe having more users than those in the United States, but that’s also kind of hard to believes

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The cryptocurrency users around the world can't be calculated precisely. It is an approximation, because it is possible to create any number of wallets. This means based on the wallets created we can't calculate the number.

Source : Statista
It is 2021-2022 that have got the increase in the user number. This could've happened as a result of the pandemic that made people within the home and look for opportunities on the internet. Majority have landed into cryptocurrency by the time.

qwertyup23

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Quote from: AmoreJaz on March 21, 2022, 04:36:53 PM

Quote from: tabas on March 21, 2022, 04:25:29 PM

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

i am more on this opinion. it is just an approximate number because up until now it is hard to get those numbers accurately. but it is showing that we are growing though as you said, one can have many wallets so long they want to create one. so this part, is actually the reason why we can't get the right numbers here.

Regardless if it shows some rought estimate, we cannot deny the fact that the growth of cryptocurrencies has been steadily growing over the past few years. Remember when its price was so relatively small that people owned at least some in the past? Remember the story of the guy who bought pizzas in exchange for 10,000 BTCs? Those are just some of the examples on why cryptocurrencies is slowly becoming the future of our transactions.

Eventually, we will see its implementation and integration of cryptocurrencies in our payment system. The government will soon accept it and provide laws in order to have an harmonious conglomeration of fiat and cryptocurrencies in our transaction system.

tabas

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Quote from: Bitstar_coin on March 22, 2022, 03:21:25 AM

Quote from: tabas on March 21, 2022, 04:25:29 PM

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

Yeah you made a very valid point, it is hard to know the accuracy of the data especially if they are base on the number of wallets active in blockchain, one person can have more than 50 wallets and render the data inaccurate

They've been doing that for years and there's really no accurate data but majority of them are estimates. So whenever there are news like this that comes out, we expect that it's not the actual data and number. However, relying on that data and estimates, we can really proud say that the market has gone too big and grown a lot.

Quote from: Bitstar_coin on March 22, 2022, 03:21:25 AM

in fact, now that you mentioned it, similar case just occurred in a project i invested on, it happens someone use around 100 wallets to participate in the project land presale to get free limited special nft that was given to all presale participants, somehow the team got to know about it and they took action. Crazy, never thought one person can own so much wallets

Well, that's a guy that has abused and cheated on that project.

Bitstar_coin

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Quote from: tabas on March 21, 2022, 04:25:29 PM

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

Yeah you made a very valid point, it is hard to know the accuracy of the data especially if they are base on the number of wallets active in blockchain, one person can have more than 50 wallets and render the data inaccurate. in fact, now that you mentioned it, similar case just occurred in a project i invested on, it happens someone use around 100 wallets to participate in the project land presale to get free limited special nft that was given to all presale participants, somehow the team got to know about it and they took action. Crazy, never thought one person can own so much wallets

tabas

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Quote from: AmoreJaz on March 21, 2022, 04:36:53 PM

Quote from: tabas on March 21, 2022, 04:25:29 PM

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

i am more on this opinion. it is just an approximate number because up until now it is hard to get those numbers accurately. but it is showing that we are growing though as you said, one can have many wallets so long they want to create one. so this part, is actually the reason why we can't get the right numbers here.

Yes, all over the years, the number has increased and that's the fact that we can't deny. Before, there were just a few hundreds of thousands and now, it's gotten up to millions and even hundreds of millions. The market has grown and matured but it's not yet on its fully extent and there's more room for its improvement. And the same goes to the number of crypto people in the world, we're just a few years in the mainstream and there will be more developments and adoptions to come.

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