Topic: How Many Millions of People Use Bitcoin? - page 16. (Read 11905 times)
I think no one can knows the answer because 1 person usages many wallet and there is millions and millions of bitcoin address made till date but once can conduct survey and could make out a census but in real life is not possible to guess the exact number still right guess could be made. And in terms of my country i could say that only 1 lakh usage bitcoin actively
Can't predict it accurately how much people are really using bitcoin because one can have multiple bitcoin addresses, but I think there are 2 million people using bitcoin in the world. I think it since mostly but not all sites, registered users on an investment site, trading site, and so on is always near 2 million, with an average of 1.5 million users signed up, and assuming that 1/4 of the users in the world don't do investment, trading and so on and just use bitcoin for transaction, I came up with that amount.
It's interesting that Blockchain.info says they have 9 million wallets.
Coinbase seem to indicate something like 3 million users.
https://www.reddit.com/r/Bitcoin/comments/3p3k16/coinbase_hits_27_million_users/
No sources, so it's not in the OP yet.
The difference between Blockchain & Coinbase is regulation. A single person on Blockchain.info can have multiple accounts, without any
real problems, but on Coinbase they have to be verified to adhere to the KYC/AML regulations... so Coinbase in my opinion, would be a
more accurate figure, based on a specific region/country. This is not a easy task OP, because we cannot get accurate stats from the
sites.
it was expected to see blockchain.info have a lot more users than coinbase since coinbase is only operating and useful in some countries and also it has a lot of rules to follow and if that was not enough they control the private keys also!
and about India i have to say that i always though India was one of those countries that announced bitcoin as illegal but seeing this article in OP and also a quit google search seems like they are in fact using bitcoin a lot!
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.
Can't predict it accurately how much people are really using bitcoin because one can have multiple bitcoin addresses, but I think there are 2 million people using bitcoin in the world. I think it since mostly but not all sites, registered users on an investment site, trading site, and so on is always near 2 million, with an average of 1.5 million users signed up, and assuming that 1/4 of the users in the world don't do investment, trading and so on and just use bitcoin for transaction, I came up with that amount.
It's interesting that Blockchain.info says they have 9 million wallets.
Coinbase seem to indicate something like 3 million users.
https://www.reddit.com/r/Bitcoin/comments/3p3k16/coinbase_hits_27_million_users/
No sources, so it's not in the OP yet.
The difference between Blockchain & Coinbase is regulation. A single person on Blockchain.info can have multiple accounts, without any
real problems, but on Coinbase they have to be verified to adhere to the KYC/AML regulations... so Coinbase in my opinion, would be a
more accurate figure, based on a specific region/country. This is not a easy task OP, because we cannot get accurate stats from the
sites.
I have voted for 5 to 15 million but i am quite sure it is not more than 10 million. However i don't think there are any aspect from which total bitcoin users can be calculated like even when total number from all bitcoin wallets were added some users may use multiple wallet service and calculating total number of bitcoin address generated will give even false result.
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i think no one know the fixed number of bitcoin users, may be the administrators know about that.
The administrators? You mean Blockstream? Maybe. We can ask.
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.
i think no one know the fixed number of bitcoin users, may be the administrators know about that.
I have voted for 5 to 15 million but i am quite sure it is not more than 10 million. However i don't think there are any aspect from which total bitcoin users can be calculated like even when total number from all bitcoin wallets were added some users may use multiple wallet service and calculating total number of bitcoin address generated will give even false result.
There isnt really a way to count accurately how many people are using bitcoins. Most of the data on the web is from surveys and other unreliable source so its not exact. About the india thing i really doubt 1 Million people use bitcoin, i am from india and there are really very less people who use know even less who even know about it.
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?
No one knows estimate total number of bitcoiner in this world by only rely data from 3rd party services.
Some people could create multiple wallet/account/identity for various usage. Don't forget there are some bitcoiner who don't use 3rd party wallet or being totally anonymous as well.
I also doubt research which can say total bitcoin user in specific country or worldwide as well, what they can research is bitcoiner who isn't anonymous and/or use bitcoin services as well.
But, i think bitcoin user about 2-5 millions after i see total users in some services such as coinbase or exchange site which give info about their total users.
Some people could create multiple wallet/account/identity for various usage. Don't forget there are some bitcoiner who don't use 3rd party wallet or being totally anonymous as well.
I also doubt research which can say total bitcoin user in specific country or worldwide as well, what they can research is bitcoiner who isn't anonymous and/or use bitcoin services as well.
But, i think bitcoin user about 2-5 millions after i see total users in some services such as coinbase or exchange site which give info about their total users.
* India Counts over 1 Million Bitcoin Users
https://bitconnect.co/bitcoin-news/258/bitcoin-progress-report-india-counts-over-1-million-bitcoin-users/
* Blockchain.info counts nearly 10m wallet users (some of those 1 million Indian users might have wallets on Blockchain.info; and some others might have multiple wallets on there)
https://blockchain.info/charts/my-wallet-n-users?timespan=180days
* Some research says there are less than 5m active users and it won't go over that number until 2020
https://www.cryptocoinsnews.com/bitcoin-users-approach-5-million-mark-2019-juniper-research-reports/
So, how many people do you think are currently using Bitcoin?
Please try to use links to any *good* sources of user stats; pretty please, with sugar on top. "My mom thinks it's less than 20" type of bollocks will get you deleted off the face of this earth.
https://bitconnect.co/bitcoin-news/258/bitcoin-progress-report-india-counts-over-1-million-bitcoin-users/
* Blockchain.info counts nearly 10m wallet users (some of those 1 million Indian users might have wallets on Blockchain.info; and some others might have multiple wallets on there)
https://blockchain.info/charts/my-wallet-n-users?timespan=180days
* Some research says there are less than 5m active users and it won't go over that number until 2020
https://www.cryptocoinsnews.com/bitcoin-users-approach-5-million-mark-2019-juniper-research-reports/
So, how many people do you think are currently using Bitcoin?
Please try to use links to any *good* sources of user stats; pretty please, with sugar on top. "My mom thinks it's less than 20" type of bollocks will get you deleted off the face of this earth.
I will pick the reasearchers opinion. Below 5m is ehat I see those 10m from blockchain could be 5 accounts for 1 user or let us just say 3 accounts per user. Consider also the registrees which just did it but didnt continue.
Can't predict it accurately how much people are really using bitcoin because one can have multiple bitcoin addresses, but I think there are 2 million people using bitcoin in the world. I think it since mostly but not all sites, registered users on an investment site, trading site, and so on is always near 2 million, with an average of 1.5 million users signed up, and assuming that 1/4 of the users in the world don't do investment, trading and so on and just use bitcoin for transaction, I came up with that amount.
It's interesting that Blockchain.info says they have 9 million wallets.
Coinbase seem to indicate something like 3 million users.
https://www.reddit.com/r/Bitcoin/comments/3p3k16/coinbase_hits_27_million_users/
No sources, so it's not in the OP yet.
i just curious how indian can count how many bitcoin users in their country,maybe if they can count those they could do taxing in the future
Can't predict it accurately how much people are really using bitcoin because one can have multiple bitcoin addresses, but I think there are 2 million people using bitcoin in the world. I think it since mostly but not all sites, registered users on an investment site, trading site, and so on is always near 2 million, with an average of 1.5 million users signed up, and assuming that 1/4 of the users in the world don't do investment, trading and so on and just use bitcoin for transaction, I came up with that amount.
I am just guess about it, i think 2 to 5 million people are using bitcoin, but i have no any idea, i am just guess it, because i know we can only predict about it. But after 5 years, bitcoin would be achieved more places, because now bitcoin has started in successful way, and day to day people know about it and the number of its users is increasing.
I think this can not be ascertained. I predict that the already very many people who use bitcoin.
and bitcoin has been growing very rapidly for some time.
yes of course. we will never know for sure how many bitcoin users. maybe just an estimate. I also do not dare to forecast how much the total bitcoin users today. and bitcoin has been growing very rapidly for some time.
* India Counts over 1 Million Bitcoin Users
* Blockchain.info counts nearly 10m wallet users (some of those 1 million Indian users might have wallets on Blockchain.info; and some others might have multiple wallets on there)
* Some research says there are less than 5m active users and it won't go over that number until 2020
* Blockchain.info counts nearly 10m wallet users (some of those 1 million Indian users might have wallets on Blockchain.info; and some others might have multiple wallets on there)
* Some research says there are less than 5m active users and it won't go over that number until 2020
all of the above are right and wrong at the same time
it is because you can never measure the number of people "using" bitcoin because it is decentralized, there is no bank to watch how many "people" are using it unless everybody come forward and identify themselves.
what all these statistics show is somehow related to bitcoin blockchain analysis so it is only showing how many addresses or transactions have been used.
besides I believe that majority of Indian users and many others are only using bitcoin as dust-money-earning through methods like using faucets so I wouldn't really count those.
I think we can not sure that if idia count 1m users of bitcoin. its just an estimate not sure that they are 1m users of bitcoin.. here in my country maybe we are just thousands who uses bitcoin.. if all countries clear that has 1 to 15m user every country maybe we have billions of users all over the world..
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