How many individual holders of Bitcoin are there? - page 5.

legiteum

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Quote from: MarjorieZimmermanGinger on January 02, 2024, 10:18:16 PM

If you have a view about it being a key metric in understanding the market then I would like to know what indicator you mean. Because so far I don't need to know the exact amount of bitcoin ownership for individuals to see and understand the bitcoin market. Are there any references that you can explain and how they relate?

The number of stockholders of a security is always a key metric. I guess it speaks to market volatility, the resiliency of the instrument to shocks, and so on. Also, if a security becomes more widely held over time, that's often a good sign, and more closely held can be a sign of trouble (obviously this is just one data point though).

Of course many many people here at bitcointalk.org sure think this metric is important since they insist the metric is going up all of the time, which is why they want to buy more Bitcoin :-).

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Quote from: legiteum on January 02, 2024, 01:27:20 PM

Is there some metric or study somewhere that could let us know how many individuals (individual humans) currently hold Bitcoin as an asset? Are there any metrics that could approximate the number? Estimate change over time?

I would think this would be a key metric in understanding the market.

The question is why do we have to and want to know the number of individual bitcoin holders, because actually there are no definite figures for how many individuals hold bitcoin in wallets or use exchanges. If you can see maybe one person could use 2, 3 and 10 wallets for each individual. Knowing the amount is not important because it will not provide more value for you, but what needs to be done is the extent to which you are involved in bitcoin investment.

If you have a view about it being a key metric in understanding the market then I would like to know what indicator you mean. Because so far I don't need to know the exact amount of bitcoin ownership for individuals to see and understand the bitcoin market. Are there any references that you can explain and how they relate?

legiteum

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Quote from: AmoreJaz on January 02, 2024, 06:59:19 PM

and besides, what's the significance of knowing such figure? [...]

but i do believe, that the numbers are growing as more and more users are joining in this market. with fixed supply, and increasing number of users, that means, we are possibly increasing the demand and so is the price.

I think you just answered your own question there :-).

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Quote from: Onyeeze on January 02, 2024, 06:56:27 PM

Quote from: legiteum on January 02, 2024, 01:27:20 PM

Is there some metric or study somewhere that could let us know how many individuals (individual humans) currently hold Bitcoin as an asset? Are there any metrics that could approximate the number? Estimate change over time?

I would think this would be a key metric in understanding the market.

I don't think we have such records of how many people that hold a bitcoin or any other cryptocurrencies, so therefore we can not make a statistics of people holding bitcoin currently, so I believe that holding of bitcoin is something that gives profit and that is why people do hold bitcoin for long times, so therefore I believe that everyone have reasons of holding bitcoin so holding bitcoin have advantages and not holding bitcoin also have advantages

and besides, what's the significance of knowing such figure? we can never get the exact number on this particular subject. everyone can create a lot of wallets all at the same time. but they can only use few of them and just store a lil bit in some of them.

it is not a key metric in understanding this market. much better to look for stats which big companies are holding large amount of btc, or top users who have accumulated their stash. but even this one, hard to get the true numbers as these entities won't disclose their actual holdings.

Quote from: PX-Z on January 02, 2024, 06:19:15 PM

No, what you will only get is just pure speculations without getting near the actual numbers. Exchanges and custodial wallets mentions their number of users, but not all holders using it. And why will you use an exchange and custodial wallets to hold bitcoin the first place.

we can only get rough number of people who are holding btc. but that's it. but i do believe, that the numbers are growing as more and more users are joining in this market. with fixed supply, and increasing number of users, that means, we are possibly increasing the demand and so is the price.

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Quote from: legiteum on January 02, 2024, 01:27:20 PM

Is there some metric or study somewhere that could let us know how many individuals (individual humans) currently hold Bitcoin as an asset? Are there any metrics that could approximate the number? Estimate change over time?

I would think this would be a key metric in understanding the market.

I don't think we have such records of how many people that hold a bitcoin or any other cryptocurrencies, so therefore we can not make a statistics of people holding bitcoin currently, so I believe that holding of bitcoin is something that gives profit and that is why people do hold bitcoin for long times, so therefore I believe that everyone have reasons of holding bitcoin so holding bitcoin have advantages and not holding bitcoin also have advantages

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Quote from: The Cryptovator on January 02, 2024, 02:18:39 PM

Ask yourself. How many Bitcoin addresses do you have? I believe I have generated more than 100 Bitcoin addresses. And most of them are used, and a few are blanked. So how could we assume how many humans are Bitcoin holders? There is absolutely no way to predict or identify real human holders. A merchant uses a lot of addresses on the payment gateway, but it's a human or company. Any tool s are holding Bitcoin.

We can create n number of wallet using the wallet or exchange application.But we should use the limited number of wallet avoid of loss of funds,if you keep bitcoin in many wallet and incase loss of the private key which is seed base.Just you can able to login to the wallet and save the private key in the separate spreadsheet.If the traders want multiple amount of knowledge from the trading,he will not do the transaction from their deposit money.Many old traders was getting the reduction of holding coin,if they learn to do the gambling site.

Quote from: The Cryptovator on January 02, 2024, 02:18:39 PM

This is true because what assumption would we take? That each of the addresses you have generated belongs to different people? And the what? The empty ones would be wrong calculated as someone who isn’t holding? Who would even think that 100 addresses belong to one person, and to know what they have and if they have, you need to sum up all addresses. What’s even more crazy is what if this is the case for everyone? Having 100 addresses each. Really impossible calculation

In the wallet holding percentage of money he had used in the civilised nation.The random betting gambler should not use many different wallet,because that wallet will need transactions fee all the time,which would can be understood.But the trader should hold all the coin in the single wallet will not trasfer their wallet holding to other game.

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Quote from: legiteum on January 02, 2024, 01:27:20 PM

Is there some metric or study somewhere that could let us know how many individuals (individual humans) currently hold Bitcoin as an asset? Are there any metrics that could approximate the number? Estimate change over time?

No, what you will only get is just pure speculations without getting near the actual numbers. Exchanges and custodial wallets mentions their number of users, but not all holders using it. And why will you use an exchange and custodial wallets to hold bitcoin the first place.

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Quote from: EL MOHA on January 02, 2024, 05:21:32 PM

Quote from: rahim066 on January 02, 2024, 05:01:33 PM

106 million the number a found on this website
https://buybitcoinworldwide.com/how-many-bitcoin-users/

This numbers or figures are definitely misleading because how can the site know the number of bitcoin owners when most bitcoiners are anonymous and have multiple addresses. There is the case of address reuse where one wallet can have multiple number of addresses and have bitcoin on them without actually linking them together, how does this site do it?. It is definitely wrong figures to me. All Bitcoin users can never be known due to the privacy that bitcoin provides.

Yes, mostly statistics or charts about how many users or bitcoin holders are all speculations or just an estimate of how many of them there are. The truth is that not all addresses or bitcoin wallets or addresses are owned by a different or unique individual or person, so there are no accurate numbers on how many people are being bitcoin holders. As we know, only we can identify someone in the bitcoin space by their bitcoin wallet or address, but we will never know who that person is specifically, so I don't think there are a right or accurate number of bitcoin holders. It's safe to say that there are a lot of bitcoin holders that we never know and we will never know who they are. And it's common sense; of course, there are a lot of bitcoin holders. It will be shown in the market that many transactions or trades are being made, so maybe millions, or we never know, just an estimate.

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Quote from: EL MOHA on January 02, 2024, 05:21:32 PM

Quote from: rahim066 on January 02, 2024, 05:01:33 PM

106 million the number a found on this website
https://buybitcoinworldwide.com/how-many-bitcoin-users/

This numbers or figures are definitely misleading because how can the site know the number of bitcoin owners when most bitcoiners are anonymous and have multiple addresses. There is the case of address reuse where one wallet can have multiple number of addresses and have bitcoin on them without actually linking them together, how does this site do it?. It is definitely wrong figures to me. All Bitcoin users can never be known due to the privacy that bitcoin provides.

we cant really know how much there are
but they didnt say the is the real and the only number its hust a simple prediction
i recommand u to read before u answer

EL MOHA

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Quote from: rahim066 on January 02, 2024, 05:01:33 PM

106 million the number a found on this website
https://buybitcoinworldwide.com/how-many-bitcoin-users/

This numbers or figures are definitely misleading because how can the site know the number of bitcoin owners when most bitcoiners are anonymous and have multiple addresses. There is the case of address reuse where one wallet can have multiple number of addresses and have bitcoin on them without actually linking them together, how does this site do it?. It is definitely wrong figures to me. All Bitcoin users can never be known due to the privacy that bitcoin provides.

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Quote from: The Cryptovator on January 02, 2024, 02:18:39 PM

Ask yourself. How many Bitcoin addresses do you have? I believe I have generated more than 100 Bitcoin addresses. And most of them are used, and a few are blanked. So how could we assume how many humans are Bitcoin holders? There is absolutely no way to predict or identify real human holders. A merchant uses a lot of addresses on the payment gateway, but it's a human or company. Any tool can't identify the address owner; hence, it's impossible to count how many humans are holding Bitcoin.

This is true because what assumption would we take? That each of the addresses you have generated belongs to different people? And the what? The empty ones would be wrong calculated as someone who isn’t holding? Who would even think that 100 addresses belong to one person, and to know what they have and if they have, you need to sum up all addresses. What’s even more crazy is what if this is the case for everyone? Having 100 addresses each. Really impossible calculation

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address counts are meaningless
CEX account numbers are meaningless
wallet downloads are meaningless

all bitcoins are on UTXO so unless you have key access to a UTXO amount. you dont own bitcoin
there are only 152m UTXO meaning less than 152m actually have control of btc

rahim066

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106 million the number a found on this website
https://buybitcoinworldwide.com/how-many-bitcoin-users/

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Quote from: legiteum on January 02, 2024, 01:27:20 PM

Is there some metric or study somewhere that could let us know how many individuals (individual humans) currently hold Bitcoin as an asset? Are there any metrics that could approximate the number? Estimate change over time?

I would think this would be a key metric in understanding the market.

I'm not sure if this is the data that you are looking for,

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

But as you can see, there is a break down of the addresses that holds certain amount of BTC.

And I think the numbers are growing as per this tweet last August,

https://twitter.com/_Checkmatey_/status/1688350682682888193

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There is absolutely no way to know for sure.

But hypothetically, if we knew how many addresses have a balance (let's say N addresses), then we can assume that there are M people, where M <= N that hold bitcoin.

We could use LoyceV's data from here: http://addresses.loyce.club/

I am using the "List of all funded Bitcoin addresses" file.

It has 51,723,705 addresses in it, so we know that Loyce's node is aware of 51,723,705 addresses that have a balance.

We can assume that there are no more than 51,723,705 individual bitcoin holders.

Bonus problem: Can 2 or more people own 1 address? Absolutely! Let's say we both have one wallet and we use them in a multisig setup. This would generate an address set where we are both needed to generate the addresses. So all these addresses have both of us as owners. But we also own the addresses that our wallets generate separately.

Bonus problem 2: Can I own one of your addresses? In fact I could theoretically own all the addresses that exist using a single seed phrase, if I used various derivation paths.

EDIT:
Zaguru12 mentioned it first Tongue

PrivacyG

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I have had a few hundred Addresses at the very least. I have my stash split across probably around 100 Addresses if not more and I do have a few Seeds and Private Keys I surely forgot about that are now lost with a balance of 0.001, 0.01 or more Bitcoin.

How is any body supposed to calculate a number of individual holders without an enormous error?

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Quote from: Mate2237 on January 02, 2024, 04:08:41 PM

Hey guy this 1.412 Millions is getting me confused because it is getting contrary to the Total number of Bitcoin which was created and launched. Though as I said, I have seen some experts shown us the mined ones and the ones to mine but it was not like this number or figure you gave. Now from what you are saying the leftovers to mine is even more the the 21 millions people were saying. Lolz. This is more interesting. Well I am not a cryptocurrency analysis so I can't say anything on this for now. But I will make some research about this again.

Hey mate I think you are actually mixing many things up, the stats provided up there isn’t even mine but rather that of coiinmarketcap as indicated there with a source and that could be wrong from what you might have read somewhere else bit still the difference wouldn’t still be much. If around 19.588 bitcoin have been mined according to them, then the number of bitcoin left to mine will just be 1.412 million, add this numbers up and they give you exactly 21 million bitcoin in total which as I said is not the exact number to be mined, as it is said that total number of bitcoin to be is kind of less than 21 million and not exactly that amount. The numbers aren’t mine and they are also not more than the 21 million you said.

Sorry but we are going off topic here and it is derailing the thread.

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Quote from: legiteum on January 02, 2024, 01:27:20 PM

Is there some metric or study somewhere that could let us know how many individuals (individual humans) currently hold Bitcoin as an asset? Are there any metrics that could approximate the number? Estimate change over time?

I would think this would be a key metric in understanding the market.

If there was a metrics that can evenly estimate the future number of individuals to adopt or join the network of BTC users, it would still not be accurate enough but just be a speculated figure.
Am of the honest view that new users join the network to hold BTC or to not feel left out of trading or feel dumb when the topic of BTC is brought up. Hence why the number of individual users or holders of BTC rise on still and can be hardly properly ascertained.

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Quote from: Zaguru12 on January 02, 2024, 03:40:24 PM

One can actually know the know the number of bitcoin already mined and the number left to mine. According to coinmarketcap a total of 19.588 million bitcoin is already in supply with less than 1.412 million left to mine since the total number to be mine isn’t exactly 21 million. That’s like around 95% already mined.

Hey guy this 1.412 Millions is getting me confused because it is getting contrary to the Total number of Bitcoin which was created and launched. Though as I said, I have seen some experts shown us the mined ones and the ones to mine but it was not like this number or figure you gave. Now from what you are saying the leftovers to mine is even more the the 21 millions people were saying. Lolz. This is more interesting. Well I am not a cryptocurrency analysis so I can't say anything on this for now. But I will make some research about this again.

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They probably have some ways to determine wallets but not individuals or people. Because someone or an individual can own tens or hundreds of wallets that contains Bitcoins. If the metric is just about having Bitcoin then that will be counted as a wallet that has it or they can have it in record as someone who holds Bitcoins. That's why it doesn't make sense to determine how many individuals are holding Bitcoin. Thus, if someone would ask everyone if they're holding Bitcoin, that won't make sense as well.

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