How many people use/hold bitcoin in 2016 - page 4.

Xenophoto

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Quote from: Bigdan on December 22, 2016, 02:12:57 PM

Ok I will help answer your question with some statistics, there are about 15 million people involved or holding bitcoins as at now and I got this statistics from a reliable source. Here we go;

1. 7.4 million bitcoin addresses with a balance .0001 BTC ($.0861)
2. 4.5 million bitcoin addresses with a balance .001 BTC ($.861)
3. 2.8 million bitcoin addresses with a balance .01 BTC ($8.61)
4. 1.2 million bitcoin addresses with a balance 1 BTC ($86.10)
5. 446,301 bitcoin addresses with a balance 1 BTC ($861.00)
6. 131,709 bit coin addresses with a balance 10 BTC ($8,610)
7. 13,698 bitcoin addresses with a balance 100 BTC ($86,100)
8. 1,658 bitcoin addresses with a balance 1,000 BTC ($861,000).
9. 121 bitcoin addresses with a balance 10,000 BTC ($8,610,000).
10. 1 bitcoin address with a balance 100,000 BTC ($86,100,000)

I hope this helps?

Would you mind giving credits to your "reliable source"? It would be plagiarism if you didn't.

Apparently that statistics wouldn't help at all as most people use multiple wallet addresses and companies use thousands of wallets. Do you know that thousands of wallets can belong to a single individual? Even when you do apply another statistic like average bitcoin a user has, etc. It wouldn't help since there are thousands of people that hold really small amounts of bitcoin and then there are also people that hold an enormous amount of bitcoins. There's just no way to determine how many people are using/holding bitcoins right now, just speculations.

Positid

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Quote from: Pursuer on December 23, 2016, 01:35:18 AM

Quote from: betlord90 on December 22, 2016, 08:52:21 PM

Maybe there is a way to find out, but I guess it would take time to make a program or something that can measure the bitcoin network, for us to know how many people are already using bitcoin all over the world. If I am going to estimate the people who are using bitcoin, I guess it would be over millions, because right now, only people who have open minded are using bitcoin right now, others are just ignoring it over fiat.

by measuring bitcoin network which is the blockchain, you can not ever figure out how many people are using bitcoin. the only thing you can see are the transactions and with lots of analysis you may find out how many addresses have been used but never how many people.

Yeah, it's true. We can only figure out how many people using bitcoin when we are using bitcoin transparently, meaning we will not enjoy being anonymous anymore and we have to comply the KYC like the banks are doing.

Pursuer

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Quote from: betlord90 on December 22, 2016, 08:52:21 PM

Maybe there is a way to find out, but I guess it would take time to make a program or something that can measure the bitcoin network, for us to know how many people are already using bitcoin all over the world. If I am going to estimate the people who are using bitcoin, I guess it would be over millions, because right now, only people who have open minded are using bitcoin right now, others are just ignoring it over fiat.

by measuring bitcoin network which is the blockchain, you can not ever figure out how many people are using bitcoin. the only thing you can see are the transactions and with lots of analysis you may find out how many addresses have been used but never how many people.

betlord90

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Maybe there is a way to find out, but I guess it would take time to make a program or something that can measure the bitcoin network, for us to know how many people are already using bitcoin all over the world. If I am going to estimate the people who are using bitcoin, I guess it would be over millions, because right now, only people who have open minded are using bitcoin right now, others are just ignoring it over fiat.

boyptc

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Quote from: coolcoinz on December 22, 2016, 08:10:50 PM

Quote from: Bigdan on December 22, 2016, 02:12:57 PM

Quote from: helloeverybody on June 20, 2016, 10:53:05 AM

Im interested to know how many people are actually now involved in the bitcoin world, Is there anyway to find out a rough idea of the user base so that we can come to a conclusion on what kind of adoption we are currently at? It seems difficult to gauge since this forum alone has several duplicate accounts from the same people.

. /r/bitcoin has 180k subs to it so would it be safe to assume if we included all miners, users holders and whoever else that we are still at under 1 million users? If this is the case then we still have a long way to go.

Does anyone have any more accurate guesses or way to determine the market?

Ok I will help answer your question with some statistics, there are about 15 million people involved or holding bitcoins as at now and I got this statistics from a reliable source. Here we go;

1. 7.4 million bitcoin addresses with a balance .0001 BTC ($.0861)
2. 4.5 million bitcoin addresses with a balance .001 BTC ($.861)
3. 2.8 million bitcoin addresses with a balance .01 BTC ($8.61)
4. 1.2 million bitcoin addresses with a balance 1 BTC ($86.10)
5. 446,301 bitcoin addresses with a balance 1 BTC ($861.00)
6. 131,709 bit coin addresses with a balance 10 BTC ($8,610)
7. 13,698 bitcoin addresses with a balance 100 BTC ($86,100)
8. 1,658 bitcoin addresses with a balance 1,000 BTC ($861,000).
9. 121 bitcoin addresses with a balance 10,000 BTC ($8,610,000).
10. 1 bitcoin address with a balance 100,000 BTC ($86,100,000)

I hope this helps?

Not much. Big addresses usually belong to exchanges and mining farms, they can also be used by a number of people e.g. company addresses. Knowing how much is stored on the addresses doesn't tell anything about the number of people involved in a specific address, thus your statement about 15 million people holding bitcoins is most likely incorrect. I have a number of addresses with a balance of over 0.1 BTC each, think about how many such addresses can a professional trader have.

And it is also better if you are going to paste your source. But for those who has a lot of bitcoins who are holding, coolcoinz is right because most of them belongs to companies/exchanges site that has merged and decided to have one holding wallet fund. Still the statistics that are coming out are just also speculations and there's no basis on how many did really hold for the whole year.

coolcoinz

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Quote from: Bigdan on December 22, 2016, 02:12:57 PM

Quote from: helloeverybody on June 20, 2016, 10:53:05 AM

Im interested to know how many people are actually now involved in the bitcoin world, Is there anyway to find out a rough idea of the user base so that we can come to a conclusion on what kind of adoption we are currently at? It seems difficult to gauge since this forum alone has several duplicate accounts from the same people.

. /r/bitcoin has 180k subs to it so would it be safe to assume if we included all miners, users holders and whoever else that we are still at under 1 million users? If this is the case then we still have a long way to go.

Does anyone have any more accurate guesses or way to determine the market?

Ok I will help answer your question with some statistics, there are about 15 million people involved or holding bitcoins as at now and I got this statistics from a reliable source. Here we go;

1. 7.4 million bitcoin addresses with a balance .0001 BTC ($.0861)
2. 4.5 million bitcoin addresses with a balance .001 BTC ($.861)
3. 2.8 million bitcoin addresses with a balance .01 BTC ($8.61)
4. 1.2 million bitcoin addresses with a balance 1 BTC ($86.10)
5. 446,301 bitcoin addresses with a balance 1 BTC ($861.00)
6. 131,709 bit coin addresses with a balance 10 BTC ($8,610)
7. 13,698 bitcoin addresses with a balance 100 BTC ($86,100)
8. 1,658 bitcoin addresses with a balance 1,000 BTC ($861,000).
9. 121 bitcoin addresses with a balance 10,000 BTC ($8,610,000).
10. 1 bitcoin address with a balance 100,000 BTC ($86,100,000)

I hope this helps?

Not much. Big addresses usually belong to exchanges and mining farms, they can also be used by a number of people e.g. company addresses. Knowing how much is stored on the addresses doesn't tell anything about the number of people involved in a specific address, thus your statement about 15 million people holding bitcoins is most likely incorrect. I have a number of addresses with a balance of over 0.1 BTC each, think about how many such addresses can a professional trader have.

Bitcoin0916

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Quote from: ufaiz50 on December 22, 2016, 07:45:27 PM

I read the article they say " In 2015, there are 10 million users and will continue to grow " like counting sand on the beach You can count them but never knew how many

If this is true then only 0.14% of the population of the Earth using bitcoin, so still very small and it is difficult to make the bitcoin as official currency.

ufaiz50

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I read the article they say " In 2015, there are 10 million users and will continue to grow " like counting sand on the beach You can count them but never knew how many

HankTheTank

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It would be very nice to know this but we cannot make any stats of it because its can be manipulated, you can make unlimited wallets as a example...

Pattberry

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The realistic chance in knowing this fact is nil and so there is nothing more to tell,since the blockchain is open source you could get the statistics of the number of transactions but i dont know whether you could get the rest of the thing,may be if you look at the amount of coins mined then it might be your answer .

Maxsumi

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I think that we cannot say this at all as it is something that is hard to say and that cannot be counted too.

grandy

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Quote from: crygirl-1 on December 22, 2016, 12:09:23 AM

Its really difficult to come to conclusion that what exact number of users will be holding bitcoin by that time, but one thing is sure that we will be having increase in user base of bitcoin by that time.Around my life people have begun to understand bitcoin.

yes i also agree with you. it is really difficult to conclude that how many people are using bitcoin, but it is a fact that the number of bitcoin users are increasing continuously.

Bigdan

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Quote from: helloeverybody on June 20, 2016, 10:53:05 AM

Im interested to know how many people are actually now involved in the bitcoin world, Is there anyway to find out a rough idea of the user base so that we can come to a conclusion on what kind of adoption we are currently at? It seems difficult to gauge since this forum alone has several duplicate accounts from the same people.

. /r/bitcoin has 180k subs to it so would it be safe to assume if we included all miners, users holders and whoever else that we are still at under 1 million users? If this is the case then we still have a long way to go.

Does anyone have any more accurate guesses or way to determine the market?

Ok I will help answer your question with some statistics, there are about 15 million people involved or holding bitcoins as at now and I got this statistics from a reliable source. Here we go;

1. 7.4 million bitcoin addresses with a balance .0001 BTC ($.0861)
2. 4.5 million bitcoin addresses with a balance .001 BTC ($.861)
3. 2.8 million bitcoin addresses with a balance .01 BTC ($8.61)
4. 1.2 million bitcoin addresses with a balance 1 BTC ($86.10)
5. 446,301 bitcoin addresses with a balance 1 BTC ($861.00)
6. 131,709 bit coin addresses with a balance 10 BTC ($8,610)
7. 13,698 bitcoin addresses with a balance 100 BTC ($86,100)
8. 1,658 bitcoin addresses with a balance 1,000 BTC ($861,000).
9. 121 bitcoin addresses with a balance 10,000 BTC ($8,610,000).
10. 1 bitcoin address with a balance 100,000 BTC ($86,100,000)

I hope this helps?

olubams

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I dont know the number of people in the world using Bitcoin or holding bitcoin because a census have not been carried out that I know of but I am sure of myself to hold some and majority of the members of this forum to hold a bit of the over 16 million Bitcoin already in circulation. But on the average, I am looking at say 10 million people would have been holding Bitcoin at this time...

Farma

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I think so many bitcoin users who hold their bitcoin since the beginning of 2016, especially at a time like this. bitcoin rise fairly rapidly, making many bitcoin holders do not want to sell their bitcoin.
maybe they hope that higher prices will soon come. I also hold bitcoin, and I'll probably sell when the price of bitcoin until the price of $ 900

Shenzou

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There is a lot of people that uses bitcoin in the world and probably it is hard to really know how many of them use or hold bitcoin, but my guess is that there is a larger amount that are holding bitcoin and that what the price of bitcoin today reflects and these people hold the bitcoin because they want to get more out of it they want the price to go even higher so there will be always demand on it.

ilovefeetsmell

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It is impossible to determine the users of bitcoin in 2016 because we can't control the people to use it. There's a billion of people out there using internet. Anytime they want to access is very possible if they have internet connection. Bitcoin becomes popular all over the world.

crygirl-1

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Its really difficult to come to conclusion that what exact number of users will be holding bitcoin by that time, but one thing is sure that we will be having increase in user base of bitcoin by that time.Around my life people have begun to understand bitcoin.

Positid

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Quote from: rajasumi2 on December 21, 2016, 04:04:25 PM

Well i think there are 10 million costumers in the bitcoin world .maybe it is more than that .the more the users of bitcoins the more will be its price in bitcoins .

I respect your opinion with the number of users as your estimate, but I would like to correct something. It's not called customers but as a users, it's not a business that one is operating, it's decentralize so we all own bitcoin.

rajasumi2

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Well i think there are 10 million costumers in the bitcoin world .maybe it is more than that .the more the users of bitcoins the more will be its price in bitcoins .

Topic: How many people use/hold bitcoin in 2016 - page 4. (Read 15888 times)