Topic: How Many Millions of People Use Bitcoin? - page 8. (Read 11905 times)
How can we check the users of bitcoin if the count of bitcoin users is increasing everyday, including the investors who getting in on this sites to their investment aspect. Well anyway its more about a million anyway.
I've seen that "study" before. In fact, it is outdated, and all it does just says there were about 1.3 million Bitcoin "active" users in 2014 and claims that "the number of active Bitcoin users worldwide will reach 4.7 million by the end of 2019". I could just as well claim that the number will grow tenfold and reach 47M active users worldwide by 2020...
Until there is a clear-cut and reliable methodology (like Blockchain stats), these figures mean nothing
There will never be such thing, this is the best we have, crunching data from exchanges, and wallet providers.
Even if you take a survey with big sample size and try to work with that that will also be an aproximation.
Bitcoin is decentralized and pseudonimous , so this is what it is.
How would you define an active currency user? I think it is any user who has transactions from or to his wallet at least once a week
I dont know what methodology they've used, but I am sure that is not true.
I dont think 1 transaction/week is good, it has to be more loose than that. Most people didnt have a transaction for months yet they are still active on forums and such.
If a person buys like 50,000$ of BTC and stashes it away, he is still an "active" user, since he has coins, but he might not be participating in forums and such.
We can't really count the number of Bitcoin Users because it is completely decentralized.
About 15-30 million given how many people join us from SE Asia, I'd say we have easily passed the 10million mark, but not all people are active users.
According to the chart shown below, only around 400k unique Bitcoin addresses are being used daily. On the one hand, an individual may have multiple addresses corresponding to a single wallet, while on the other, Bitcoin exchanges, for example, might have fewer addresses than the total number of their clients. In any case, we can assume that the number of active Bitcoin users roughly equals this figure, i.e. about 400k users. Surely, a far cry from millions claimed
Yes, that might be the case, although you have to see that most bitcoin users might trade their coins p2p, so you have to add up all exchanges + localbitcoins and other trading places.
So i'd say roughly 3 million active, and about 15 million in total who were active or are active but less active.
Can you quote any sources that substantiate your claims or do you just happen to think so? I don't say that the chart I presented shows the real number of active users, but I don't think the number of transactions per day is doctored (since it is in the Blockchain after all) and differs significantly from active users. On the other hand, you give a figure which is almost tenfold that...
You know, extraordinary claims require extraordinary evidence
There was a study a while ago:
https://www.juniperresearch.com/press/press-releases/bitcoin-users-to-approach-5-million-by-2019
I've seen that "study" before. In fact, it is outdated, and all it does just says there were about 1.3 million Bitcoin "active" users in 2014 and claims that "the number of active Bitcoin users worldwide will reach 4.7 million by the end of 2019". I could just as well claim that the number will grow tenfold and reach 47M active users worldwide by 2020...
Until there is a clear-cut and reliable methodology (like Blockchain stats), these figures mean nothing
It sounds like a good 3 million is pretty much solid estimate, depending on what you call "Active user"
How would you define an active currency user? I think it is any user who has transactions from or to his wallet at least once a week
About 15-30 million given how many people join us from SE Asia, I'd say we have easily passed the 10million mark, but not all people are active users.
According to the chart shown below, only around 400k unique Bitcoin addresses are being used daily. On the one hand, an individual may have multiple addresses corresponding to a single wallet, while on the other, Bitcoin exchanges, for example, might have fewer addresses than the total number of their clients. In any case, we can assume that the number of active Bitcoin users roughly equals this figure, i.e. about 400k users. Surely, a far cry from millions claimed
Yes, that might be the case, although you have to see that most bitcoin users might trade their coins p2p, so you have to add up all exchanges + localbitcoins and other trading places.
So i'd say roughly 3 million active, and about 15 million in total who were active or are active but less active.
Can you quote any sources that substantiate your claims or do you just happen to think so? I don't say that the chart I presented shows the real number of active users, but I don't think the number of transactions per day is doctored (since it is in the Blockchain after all) and differs significantly from active users. On the other hand, you give a figure which is almost tenfold that...
You know, extraordinary claims require extraordinary evidence
There was a study a while ago:
https://www.juniperresearch.com/press/press-releases/bitcoin-users-to-approach-5-million-by-2019
with extrapolated early data:
https://bitcoin.stackexchange.com/questions/731/how-can-you-tell-how-many-users-bitcoin-has
It sounds like a good 3 million is pretty much solid estimate, depending on what you call "Active user".
And the 15 million total users is how many people have used btc in total.
it's not possible to count because there is no personal information stored while creating and using bitcoin. I bitcoin world we roam without any personal information dip there is more possibility of greeting scammed. since there is no personal information so it's not possible to know that how many people use bitcoin but we can make a guess.
There is no way to determine how many people are using bitcoin as of now because many people nowadays are encouraged to use it. The growth of number using it is not easy to calculate because the number of people using it is changing. For some reasons, it is rising day by day.
I don't understand how this can be calculated. How they do statistics in this case?
I think we can only calculate and then predict but the actual outcome would be different from actual results because the calculation can not be to calculate the total existing users, it is impossible #imo 
Around one million is my opinion. I never thought about this topic before now, I just voted for first option that fall on my mind. I saw somewhere some research about it, and actual number of bitcoin users was around 300 k. That research was based om transactions made each day and addresses that are used for this transactions.
Looks like we are still very small community, who knows maybe this statistic is not true, even there is most votes for under 5 million, maybe we are wrong.
Looks like we are still very small community, who knows maybe this statistic is not true, even there is most votes for under 5 million, maybe we are wrong.
Yes still very small. Those guys that I see in social media that are offering investments in bitcoin have different profiles but I think they are all the same. One owner with different account and picture trying to trick people in social media. So that doesnt add up as a different users.
Actually i didnt have any idea that how many millions of people would be using bitcoin,hard for any one just guess and think about it,so i have gone midway and given my vote for 5-15 millions of people because i has some margin as well,but i dont think anyone could tell correctly.
[...]
>>> We have to dig into this issue and find out why people who try Bitcoin, walk away. <<<
>>> We have to dig into this issue and find out why people who try Bitcoin, walk away. <<<
I think I can give you a viable explanation why people have been walking away from Bitcoin in the Coinbase case, since I've been there myself (though I didn't walk away)
I got into Bitcoin thanks to a massive Coinbase advertising campaign which they ran in the fall of 2013. Basically, they had been giving away free 20k satoshi to every new customer of theirs. I guess many opened several accounts at Coinbase to get this amount x times they registered and then stuck to just one wallet having abandoned the rest. Further, the price started to get heavily pumped right at that time reaching ATH in November-December 2013, and some of Coinbase new users sold into this hype (or rather frenzy). When the price collapsed in the beginning of 2014, they might have become totally disappointed by their losses and decided to stay away from Bitcoin in the future
About 15-30 million given how many people join us from SE Asia, I'd say we have easily passed the 10million mark, but not all people are active users.
According to the chart shown below, only around 400k unique Bitcoin addresses are being used daily. On the one hand, an individual may have multiple addresses corresponding to a single wallet, while on the other, Bitcoin exchanges, for example, might have fewer addresses than the total number of their clients. In any case, we can assume that the number of active Bitcoin users roughly equals this figure, i.e. about 400k users. Surely, a far cry from millions claimed...
The chart is taken from here
Yes, that might be the case, although you have to see that most bitcoin users might trade their coins p2p, so you have to add up all exchanges + localbitcoins and other trading places.
So i'd say roughly 3 million active, and about 15 million in total who were active or are active but less active.
Even if it were 15 million worldwide, which it can't be, that's still sad considering Pokémon Go has 24 million unique daily users and it's just a game. The market cap for Bitcoin is only $10 billion. That's sad considering Walt Disneys cap is $147 billion and Coca Cola is $179 billion.
Give it time, those companies are 50+ years old, or even 100 I think.
Bitcoin is only 7 years old, what do you expect? It takes time to grow.
Pokémon Go is six months old and is only in the USA and has 24 million registered users daily. Bitcoin is world wide, is seven years old, can be used for purchases all over the web and a local game is beating it in popularity. WTF?
Pokemon go is a game lot of users want to play that game because pokemon go is a world wide hit since we are child and we are still watching it thats why and bitcoin is a digital currency that child or young people aint interested on it. But bitcoin users are getting high and high over the years.
I agree with your point with pokemon as a game so it got so many users in short span, but bitcoin is a digital currency which most of them are still thinking that this is not real currency. This is the main mentality of human that they accept games very soon but they dont accept any new technology soon as they are always afraid of new technology to use first.
Bitcoin was first mainly used for Illegal activities that is also the reason of people not using it.
Coinbase say they have 4.6m 'customers served'.
I think that is quite a telling figure and figure of speech.
It's the word 'served' that is the problem for Bitcoin. Coinbase are heavily regulated, especially their marketing materials, so what they say in static materials is not accidental.
They could have said:
* 4.6m customers
* 4.6m customer accounts
* 4.6m loyal customers
But they didn't. This gives me the impression that they have chosen their words carefully and that they have served 4.6m different customers over their lifetime and mostly in the USA.
The question is: why were they not able to say 4.6m customers, when they have served 4.6m customers?
It looks to me like there were 4.6m that tried Bitcoin and a lot of them didn't stick around. Obviously, some people will have moved on from Coinbase because they didn't like their service. But my guess is that people try Bitcoin and then walk away.
>>> We have to dig into this issue and find out why people who try Bitcoin, walk away. <<<
I think that is quite a telling figure and figure of speech.
It's the word 'served' that is the problem for Bitcoin. Coinbase are heavily regulated, especially their marketing materials, so what they say in static materials is not accidental.
They could have said:
* 4.6m customers
* 4.6m customer accounts
* 4.6m loyal customers
But they didn't. This gives me the impression that they have chosen their words carefully and that they have served 4.6m different customers over their lifetime and mostly in the USA.
The question is: why were they not able to say 4.6m customers, when they have served 4.6m customers?
It looks to me like there were 4.6m that tried Bitcoin and a lot of them didn't stick around. Obviously, some people will have moved on from Coinbase because they didn't like their service. But my guess is that people try Bitcoin and then walk away.
>>> We have to dig into this issue and find out why people who try Bitcoin, walk away. <<<
About 15-30 million given how many people join us from SE Asia, I'd say we have easily passed the 10million mark, but not all people are active users.
According to the chart shown below, only around 400k unique Bitcoin addresses are being used daily. On the one hand, an individual may have multiple addresses corresponding to a single wallet, while on the other, Bitcoin exchanges, for example, might have fewer addresses than the total number of their clients. In any case, we can assume that the number of active Bitcoin users roughly equals this figure, i.e. about 400k users. Surely, a far cry from millions claimed
Yes, that might be the case, although you have to see that most bitcoin users might trade their coins p2p, so you have to add up all exchanges + localbitcoins and other trading places.
So i'd say roughly 3 million active, and about 15 million in total who were active or are active but less active.
Can you quote any sources that substantiate your claims or do you just happen to think so? I don't say that the chart I presented shows the real number of active users, but I don't think the number of transactions per day is doctored (since it is in the Blockchain after all) and differs significantly from active users. On the other hand, you give a figure which is almost tenfold that...
You know, extraordinary claims require extraordinary evidence
Around one million is my opinion. I never thought about this topic before now, I just voted for first option that fall on my mind. I saw somewhere some research about it, and actual number of bitcoin users was around 300 k. That research was based om transactions made each day and addresses that are used for this transactions.
Looks like we are still very small community, who knows maybe this statistic is not true, even there is most votes for under 5 million, maybe we are wrong.
Looks like we are still very small community, who knows maybe this statistic is not true, even there is most votes for under 5 million, maybe we are wrong.
About 15-30 million given how many people join us from SE Asia, I'd say we have easily passed the 10million mark, but not all people are active users.
According to the chart shown below, only around 400k unique Bitcoin addresses are being used daily. On the one hand, an individual may have multiple addresses corresponding to a single wallet, while on the other, Bitcoin exchanges, for example, might have fewer addresses than the total number of their clients. In any case, we can assume that the number of active Bitcoin users roughly equals this figure, i.e. about 400k users. Surely, a far cry from millions claimed...
The chart is taken from here
Yes, that might be the case, although you have to see that most bitcoin users might trade their coins p2p, so you have to add up all exchanges + localbitcoins and other trading places.
So i'd say roughly 3 million active, and about 15 million in total who were active or are active but less active.
Even if it were 15 million worldwide, which it can't be, that's still sad considering Pokémon Go has 24 million unique daily users and it's just a game. The market cap for Bitcoin is only $10 billion. That's sad considering Walt Disneys cap is $147 billion and Coca Cola is $179 billion.
Give it time, those companies are 50+ years old, or even 100 I think.
Bitcoin is only 7 years old, what do you expect? It takes time to grow.
Pokémon Go is six months old and is only in the USA and has 24 million registered users daily. Bitcoin is world wide, is seven years old, can be used for purchases all over the web and a local game is beating it in popularity. WTF?
Pokemon go is a game lot of users want to play that game because pokemon go is a world wide hit since we are child and we are still watching it thats why and bitcoin is a digital currency that child or young people aint interested on it. But bitcoin users are getting high and high over the years.
I think it is much more than the survey 
I think it is much more than the survey
Yes it is more than 30 million because here in our country the philippines people now know about bitcoin and earning. We are at 101 million in population so I guess I am right to say that. Specially that IT students and graduates are indemand in our country which also know how to work in computer.
It's probably less than 2 million. I don't think a very high percentage of the population know much about bitcoin yet and even fewer have any.
I think its more likely more than 5 million peopme who are usin it right now because bitcoins became really popular around the globe and too many people are hooked up to it
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