How Many Millions of People Use Bitcoin? - page 15.

Herbert2020

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Quote from: gentlemand on September 27, 2016, 02:06:43 PM

Quote from: Tanic on September 27, 2016, 01:10:29 PM

I don't know the exactly number but I know that China on the first place by number of people that use bitcoins, India is second and the USA third. But I was reading that India will go on the first place soon about this number of users. Bitcoin is getting more and more popular there and cause of population as well.

I don't buy china as the place with the most users. The most mining and trading takes place but other than that they have no use for it there.

I'm sure it's up there but the US must have the most actual users when you take commerce and the quantity of services there.

i agree with you.
what Tanic says is most probably based on the trade volumes he sees. which shows China having the highest volumes every day but the reason for that is the fact that there are a lot of whales and traders and the fact that the trading fees are zero in the major Chinese exchanger called okcoin.

also looking at the usage of bitcoin i am sure the majority is in US as there are a lot of services that you can find accepting bitcoin. and as for India i am sure most of them are faucet/captcha workers not bitcoin users.

SaShiRaJaVu

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you cannot truly know how many people use bitcoin,the current bitcoin money supply is around 15.90 million,so there might be around million people using bitcoin and more over the initial people who got into bitcoin does have a huge amount of coins in their collection,so you never know the correct stats.

bitcoinisbest

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You will know where come to know approx idea about how country fair in terms of bitcoin usage. Its all approx figures which is also vague because how btc is transferred and used among people is varied.

bias

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the results from the poll dont look good for the crypto planet because this translates to less than 10% of the world polution
we need more people to use bitcoins to help in the price boost Wink

Kakmakr

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Quote from: gentlemand on September 27, 2016, 02:06:43 PM

Quote from: Tanic on September 27, 2016, 01:10:29 PM

I don't know the exactly number but I know that China on the first place by number of people that use bitcoins, India is second and the USA third. But I was reading that India will go on the first place soon about this number of users. Bitcoin is getting more and more popular there and cause of population as well.

I don't buy china as the place with the most users. The most mining and trading takes place but other than that they have no use for it there.

I'm sure it's up there but the US must have the most actual users when you take commerce and the quantity of services there.

If you look at the concentration of the nodes, it does indicate that North America have the highest amount of Bitcoin nodes, so if you extrapolate a ratio of nodes:users I would have to agree with you. The cheap internet and the availability of the infrastructure just make USA more conducive for Bitcoin adoption and use.

I think Japan would soon over take China as the Bitcoin hub of the East. ^hmmmm^

icecube45

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I think people using bitcoin is still less than 2 million. Bitcoin now is progressing more users than the previous year but still not too popular. If you see already have tens of millions bitcoin bitcoin wallet for many users who use more than one wallet and it could not be used as a benchmark. I hope bitcoin will evolve so that we are all easy to use bitcoin for daily needs.

Teraboy

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I don't there is a valid data can bring us into the bright answer about the population is a real bitcoiners, because considering a lot of factor just like a few address is just own by someone, and another factor is can determine if there is no a valid reason for saying about the population of bitcoiners and so for the speculation just making a surveys with sample but that is also can't be a valid researching too.

BitDEGG

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I believe a maximum of 1.2 million. Of course, many people have several addresses, and some have dozens of addresses. Even the average bitcoin user will probably have an address associated with an exchange, one that operates as a current account, one as cold storage, and so on, and so on. Not all of those will have coins in at any given time. Many have tiny amounts that the owner has forgotten about. So whilst it’s hard to say, I’d estimate that between half and three quarters of a million people is reasonable ballpark range. It’s worth remembering that this is a snapshot of the blockchain. There may be other people who have owned bitcoins in the last week or month, and can be classed as active bitcoiners, but who didn’t own any right at that moment.

Doms

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Doing an estimate is pretty hard because there's no real number that can quantify how many users there are. Even transaction counts can't be a guide on how many actual users there are. But back here where I live, I can almost tell you that there are not a lot of people using it. Because if there was, there would at least be some news that concerns bitcoin coming out of the TV or newspaper.

danherbias07

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Quote from: coins101 on September 27, 2016, 10:16:06 AM

Quote from: gentlemand on September 27, 2016, 09:32:48 AM

That Indian article is the first time I've ever seen any mention of Bitcoin getting anywhere there, er, ever. How did 1 million users suddenly arrive?

India has one of the biggest populations in the world. They also have really crap banking infrastructure. I tried to do a project in India 10 years ago. The closest thing to banking infrastructure was the postal service, which is basically a network of poor couriers walking around villages.

Now with smart phones and increasing use of wifi, the banking system will find it can easily be overtaken by Bitcoin.

The middle classes of India alone have the potential to generate more Bitcoin users than the population of America. It will happen, soon (tm). Well, maybe.

Could be. They love technology. Many smartphone app developer are Indian and also android hackers. Grin

Even with a small amount per Indian can make a blast in bitcoin economy if they do it in numbers. Imagine every single person in them having an amount of .1 btc, that is a lot for 5 million users.

JeffBrad12

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Quote from: Catmony on September 27, 2016, 02:17:27 PM

May be around 2-3 million but how to calculate that number? I haven't heard any tools from which bitcoin total users can be calculated on real time or never even heard about tools to measure number of bitcoin address generated.

You can't, too difficult for making tools for that, and you're just trying for calculating about the total of bitcoins is just like impossible things considering if someone is having more than 1 wallet for storing their money, and you're just able for calculating with the try for using a sample.

marcuslong

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i can sure that there are more so much people who using bitcoin in this world but we cant sure how much them are really doing there activity with bitcoin sometime there are people who using bitcoin wallet just for save money they using it as a bank

MingLee

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I would assume there is something like 2-3 million people using Bitcoin daily, maybe a few thousand to a few ten-thousands of people using it at any one time, and maybe something like ~5 million people with some money in it in some way.

That's just a really rough estimate that doesn't really have any specific data to back it up, but I think those are probably decent numbers considering the community.

Nimbulan

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Quote from: groll on September 27, 2016, 11:03:17 AM

I think they or we are only around 2 million because we were open to adventure and opportunities. Some people were too afraid to venture on this kind of currency. They are too cautious and do not want to be scammed. But who would want their money to be wasted. It is just maybe it was not considered as a legal currency by the government.

there might be even less regular users in my opinion, there are a lot of holders but not users unfortunately

Catmony

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May be around 2-3 million but how to calculate that number? I haven't heard any tools from which bitcoin total users can be calculated on real time or never even heard about tools to measure number of bitcoin address generated.

gentlemand

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Quote from: Tanic on September 27, 2016, 01:10:29 PM

I don't know the exactly number but I know that China on the first place by number of people that use bitcoins, India is second and the USA third. But I was reading that India will go on the first place soon about this number of users. Bitcoin is getting more and more popular there and cause of population as well.

I don't buy china as the place with the most users. The most mining and trading takes place but other than that they have no use for it there.

I'm sure it's up there but the US must have the most actual users when you take commerce and the quantity of services there.

Tanic

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I don't know the exactly number but I know that China on the first place by number of people that use bitcoins, India is second and the USA third. But I was reading that India will go on the first place soon about this number of users. Bitcoin is getting more and more popular there and cause of population as well.

neochiny

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Crypto.games

I'd go with 2 - 5 million. I've read an article saying there are now more than 10 million wallets. This doesn't really say much because as we all know, any single person could/probably have multiple wallets.
What really caught my attention was the number of transactions, according to the statistic of the transaction volume, 'the number of transactions has grown roughly 80,000 a day to more than 200,000'. That's more than double from last year.

hero1111

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It is really hard questions to answer it but i wanted to say my gues for your question i think more than 30 millions people use bitcoin , of course it is not clear only my idea but i know one day every body will use bitcoin .

bitcointank

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India has more than one million bitcoin users? I can't believe it is true, I seldom see Indians in the forum. Maybe 100k is max, it is my estimation.

The whole world has one million users, BCT forum even has less than 1 million accounts, exclude those multiple accoints and never posts account, real bitcoin users here are less than 500k

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