Topic: How many people have BTC in the whole world today?? (Read 2232 times)
my incredibly scientific calculations brought me to 300.001
You called?
That's amazing. I've got the same combination on my luggage.
4269? haha Luck I guess 
That's amazing. I've got the same combination on my luggage.
You called?
We need more circulation, not just people hoarding it. That's the only way for mainstream acceptance. Too many people are looking to get rich off of owning Bitcoin when its value increases but its value will not increase if most of it is hoarded. Winklewii, are you listening?
USD/BTC needs to be stable for big merchants to start using BTC i believe. This way no hoarding would be usefull so no speculation anymore
If the number of global users you estimate is lower than 373448, you're doing something wrong.
http://blockchain.info/charts/my-wallet-n-users
http://blockchain.info/charts/my-wallet-n-users
3 of the wallets are mine (forgot 2). I showed it a few friends. They used it one time and have 0,001BTC in the wallet and my guess it, they lost the access to it already.
What is the definition of "having BTC"?
Yeah, I think I've created 4 or 5 blockchain.info wallets. I don't actively use any of them anymore, and they all are either empty or have an extremely small amount of bitcoin in them.
I tend to create a new blockchain wallet anytime I need one. Then I use it for the specific purpose that I wanted it for. Then I discard the password and identifier and forget about it.
I keep most of my bitcoins stored with a paper wallet, and the rest are held with Bitcoin-Qt.
Today, how many people do you believe have BTC wordlwide?
The more people that invest in bitcoins should help to increase its value.
How much do you believe BTC is likely to be worth when everyone is familiar with it?
My personal guess is that there are 300,000 people who currently have BTC.
I'm also guessing that 30,000,000 people will have BTC in 3 years and that the exchange rate with common fiat currencies will increase to 20 times what it is today.
Do you agree?
Increased usage results in increased value!
Few more additions.....
LoL! maybe he wrote it on a mobile phone
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the answer to the question is: nobody knows, but there is great potential
If the number of global users you estimate is lower than 373448, you're doing something wrong.
http://blockchain.info/charts/my-wallet-n-users
http://blockchain.info/charts/my-wallet-n-users
3 of the wallets are mine (forgot 2). I showed it a few friends. They used it one time and have 0,001BTC in the wallet and my guess it, they lost the access to it already.
What is the definition of "having BTC"?
i say 2 milion
Forty Two is the Answer
If the number of global users you estimate is lower than 373448, you're doing something wrong.
http://blockchain.info/charts/my-wallet-n-users
http://blockchain.info/charts/my-wallet-n-users
We need more circulation, not just people hoarding it. That's the only way for mainstream acceptance. Too many people are looking to get rich off of owning Bitcoin when its value increases but its value will not increase if most of it is hoarded. Winklewii, are you listening?
OP has a good point (thx clean up crew!). Bitcoin is worthless if too few people own it. That's part of the genius in bootstrapping this whole thing.
I started mining with my laptop over 3 years ago not because Bitcoin was valuable, but because the system provided ideological motivation. Things moved to the "hey, I can buy drugs with this stuff" type of motivation and Bitcoin grew as it expanded to this new, more populated user base. Now we are entering the third wave where significant financial gains are motivating smart business people to set up real industries around the technology. It's this maturation and entering the day to day lives of normal people that will drastically increase the value of Bitcoin. But it will take time (like 10 years, not 10 weeks).
I'd also add that the value scales not solely with the size of the userbase (a temporary phenomenon), but also with transaction volume. A technology that could never handle more than 7 transactions per second isn't worth much.
Mathematically, I would say Price = k*(u/sqrt(1+u^2))*T^b where k is a constant that depends on the currency you're buying bitcoins in, u is the # of users (scaled), T is the transactions per second the network is doing and b is the constant you throw in to look smart later.
I started mining with my laptop over 3 years ago not because Bitcoin was valuable, but because the system provided ideological motivation. Things moved to the "hey, I can buy drugs with this stuff" type of motivation and Bitcoin grew as it expanded to this new, more populated user base. Now we are entering the third wave where significant financial gains are motivating smart business people to set up real industries around the technology. It's this maturation and entering the day to day lives of normal people that will drastically increase the value of Bitcoin. But it will take time (like 10 years, not 10 weeks).
I'd also add that the value scales not solely with the size of the userbase (a temporary phenomenon), but also with transaction volume. A technology that could never handle more than 7 transactions per second isn't worth much.
Mathematically, I would say Price = k*(u/sqrt(1+u^2))*T^b where k is a constant that depends on the currency you're buying bitcoins in, u is the # of users (scaled), T is the transactions per second the network is doing and b is the constant you throw in to look smart later.
May I ask, why do you think that, right now, 300000 people own bitcoins?
PS: Next time I need collaborative writing help, I know where to come
PS: Next time I need collaborative writing help, I know where to come
Today, how many people do you believe have BTC wordlwide?
The more people that invest in bitcoins should help to increase its value.
How much do you believe BTC is likely to be worth when everyone is familiar with it?
My personal guess is that there are 300,000 people who currently have BTC.
I'm also guessing that 30,000,000 people will have BTC in 3 years and that the exchange rate with common fiat currencies will increase to 20 times what it is today.
Do you agree?
Increased usage results in increased value!
Few more additions.....
Today, how many people in the whole world have BTC?
As more people have bitcoin, it's value will increase.
How much is BTC likely to be worth when everyone is familiar with it?
My personal guess is that there are 300,000 people who currently have BTC.
I'm also guessing that 30,000,000 people will have BTC in 3 years and that the exchange rate with common fiat currencies will increase to 20 times what it is today.
Do you agree?
Increased usage results in increased value!
Cleaned that up a little for you.
Cleaned it up a bit more.
more people have, more worth the BTC is.
This is most likely the case, as more people use Bitcoin its value should increase (supply and demand)
How much is a btc worth when all people know BTC ?
No one knows.
I think there is 300,000 people have BTC.
30,000,000 people will have BTC after 3 years and 20 times worth the BTC will go up.
Do you think so?
30,000,000 people will have BTC after 3 years and 20 times worth the BTC will go up.
Do you think so?
Bitcoin growth involves too many factors (banks, governments, people, etc...) for anyone to predict how many people will be using Bitcoin in 3 years. It could be under 1000 people using Bitcoin if it fails.
How many people have BTC in the whole world today??
more people have, more worth the BTC is.
How much is a btc worth when all people know BTC ?
I think there is 300,000 people have BTC.
30,000,000 people will have BTC after 3 years and 20 times worth the BTC will go up.
Do you think so?
The more people use, the more value BTC is!
Cleaned that up a little for you.
How many people have BTC in the whole world today??
more people have ,more worth the BTC is.
How much is a btc worth when All people know BTC?
I think there is 300,000 people have BTC.
30,000,000 people will have BTC after 3 years.
and 20 times worth the BTC will grow up.
Do you think so?
the more people use ,the more value BTC is!!!
more people have ,more worth the BTC is.
How much is a btc worth when All people know BTC?
I think there is 300,000 people have BTC.
30,000,000 people will have BTC after 3 years.
and 20 times worth the BTC will grow up.
Do you think so?
the more people use ,the more value BTC is!!!
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