Nearly 35 million Blockchain wallet users at the end of March 2019

coin-investor

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Quote from: jonathan6655321 on May 31, 2019, 02:15:00 PM

I just found out about this statistic and I think it's pretty impressive.
Here' is information from Statista:

"The number of Blockchain wallets has been growing since the creation of the Bitcoin virtual currency in 2009, reaching nearly 35 million Blockchain wallet users at the end of March 2019. "
https://imgur.com/UWrT8c5

source
https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/

It's not an accurate indication, because we all know one of Bitcoin's strong feature is its ability to give us an unlimited number of wallets, the best indication we can probably use is the trading platforms and the number of countries where cryptocurrency are allowed, wallet is not a good indication.

blockchainwriters

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By analyzing the number of blockchain wallets we can calculate the adoption of bitcoin to the general public as we can see the graph market is more the number of users are adopting to crypto

valentin68

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The very known PayPal payment processor is here for everyone in this world starting with 1998. In 2010 the number of PayPal users were approx. 80 millions. In 2019 the number of PayPal users is approx. 280 millions (3.7x in 10 years)

If today there are 35 000 000 Blockchain wallets then it is very probable that in 10 years from now there will be approx. 210 000 000 Blockchain wallets in the world.

PayPal money (USD, Euro, etc) is very good, but PayPal has the disadvantage that it sends the money to a Credit Card (bank account) in 3 days.

The internet payments with Bitcoin have the advantage that they are instantaneously (30 minutes) available on a Credit Card or on an NFC Smartphone.

IPVPIRL

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If this is about blockchain.com don't forget that they had an $25 XLM airdrop for new users a few months ago. I bet millions of wallets were created for this reason. I also bet that lots of scammers holding thousands of KYC documents tried and probably managed to cheat the process and made thousands at least.

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Quote from: bering on June 02, 2019, 08:55:29 AM

As the post above says that those wallets are not belong to each people in this world because if one person owned 1 wallet and active to made transactions i'm sure crypto trade or investment statistics will higher than now moreover there was plenty of wallets too not to be used so those statistics cannot showing the real of crypto users

It can't represent the actual numbers of real users of those said wallet addresses, same with your opinion, there's a lots of people who used this address just to received one time payment or those who joined hyip/Ponzi scam business who allowed blockchain address to be used in order to send or receive their money from/to the said type of business.

Hughes_Ryan

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Quote from: jonathan6655321 on May 31, 2019, 02:15:00 PM

I just found out about this statistic and I think it's pretty impressive.
Here' is information from Statista:

"The number of Blockchain wallets has been growing since the creation of the Bitcoin virtual currency in 2009, reaching nearly 35 million Blockchain wallet users at the end of March 2019. "
https://imgur.com/UWrT8c5

source
https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/

If statistics are true to what we see. The industry called blockchain is being led by how fast and powerful bitcoin has grown. Each citizen can use many different blockchain wallets. Even so, it is still a feat that bitcoin / blockchain is forming with its popularity. This number is probably still small compared to the effectiveness that blockchain applications are putting into practice for many different reasons. I think 2019-2020, the number of users of blockchain wallet will increase faster /.

bering

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As the post above says that those wallets are not belong to each people in this world because if one person owned 1 wallet and active to made transactions i'm sure crypto trade or investment statistics will higher than now moreover there was plenty of wallets too not to be used so those statistics cannot showing the real of crypto users

Kwansimaa

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This is great development and it clearly shows how people are becoming fascinated about the blockchain technology and the use of cryptocurrencies in future. This figure would increase significantly next year.

kaya11

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Sometimes people just created the wallet address to send a onetime payment and never used it before again, creating another if there could be a second time around also could follow. I did this when I was purchasing a service online, only downloaded the wallet and used it once. Either way that number is surprisingly huge, could that be a sign that crypto is getting well and adopted more recently?

hatshepsut93

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Quote from: pooya87 on May 31, 2019, 10:54:53 PM

there is no such thing as "blockchain wallet". and the site is not giving us any reference on where they "stole" this data from but by checking the blockchain.info statistics (https://www.blockchain.com/charts/my-wallet-n-users) they are stealing it from there without giving them credit. and it is WRONG because it does NOT show the growth or usage of bitcoin at all, it is just showing us a centralized service's stats which may not even be all correct.

and by the way the definition of "wallet" posted in this site is one of the worst things i have ever read.

Srsly, sometimes I have a feeling that the posts here are becoming so low-effort, that it just makes me want to ask "WTF are you talking about". From reading the title, the post, and the source, I still couldn't determine if they are talking about the site or blockchain in general. People these days don't even bother to learn the terms, yet think themselves "blockchain experts" and quite eager to start teaching others - and this is how we ended up with ecosystem of scams and shitcoins.

Lamhang17092012

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Proving that virtual money is a trend of world currency. The more users, the more popular it is. Virtual money has proven its value, many people believe it.

Kakmakr

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Quote from: pooya87 on May 31, 2019, 10:54:53 PM

there is no such thing as "blockchain wallet". and the site is not giving us any reference on where they "stole" this data from but by checking the blockchain.info statistics (https://www.blockchain.com/charts/my-wallet-n-users) they are stealing it from there without giving them credit. and it is WRONG because it does NOT show the growth or usage of bitcoin at all, it is just showing us a centralized service's stats which may not even be all correct.

and by the way the definition of "wallet" posted in this site is one of the worst things i have ever read.

Well, using Blockchain.info statistics as an indicator of adoption is simply stupid, because the site lack proper KYC/AML regulation that would prohibit one person from creating multiple wallets. I personally have almost 25 wallets on Blockchain.info for different purposes. Roll Eyes

If they used stats from sites like Coinbase that are regulated, then I would have said that it would give us a better idea of how Bitcoin adoption is growing. Wink

Pursuer

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Quote from: ?? on ??

Below is the OP image:

[I m g]https://i.imgur.com/RhmSV7x.jpg[/img]

I think that will be an estimation about how many blockchain wallet users that has been creating or use so far but we don't know the exact number of the wallet.
That number would be increased in the future if many new people joined in the cryptocurrency.

actually we do know the exact number because it is a centralized service that is reporting their database statistics. the last update which is from 2019-06-02 at 00:24 is at 38,941,254 blockchain(.com) wallets which is what that chart is reporting. and you can find this value easily on their website statistics!

this is not really a good indicator of number of users though. it can show the growth in number of users but the real number is going to be very different as very few people use sites such as blockchain.com as their wallet.

Cuk0ng_bitc0in

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and the graph value will always increase every time. public enthusiasm for crypto grew rapidly.
they began to realize that crypto was the solution to improve their economy. everyone will have a crypto wallet on their smartphone.

nicecrypto

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Dose the numbers applies to all the inactive wallet created in blockchain or both the active and the inactive wallets. I guess this implies that in 2019 there are even more users in blockchain which means there is growth of new supporters, if there is a bull run this year, that number will grow even more before the year runs our Grin

zenhu

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35 million wallets so 1 million users? JK JK
Anyway, sure people using bitcoin keep increase every day, from the one who just wants to test the tech behind it, the one who wants to get rich quick to people who really believe that bitcoin is gold 2.0 and a perfect thing to invest to.

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Quote from: jonathan6655321 on May 31, 2019, 02:15:00 PM

I just found out about this statistic and I think it's pretty impressive.
Here' is information from Statista:

"The number of Blockchain wallets has been growing since the creation of the Bitcoin virtual currency in 2009, reaching nearly 35 million Blockchain wallet users at the end of March 2019. "
https://imgur.com/UWrT8c5

source
https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/

While the number of wallets is constantly growing, and it is a sign of more adoption, the rates are far from impressive. Let's take a look at the rate of the last year, which is the fastest rate in Bitcoin history. There were 25 million wallet users by June 2018, and there are almost 39 million wallet users now. This is 14 million wallet users per year. Now, if we are talking about Bitcoin competing with major payment methods, let's take a look at how many users they have. Let's think big and take PayPal. 277 million users have PayPal. At the last year's rate, we need 17 years to reach the number of users PayPal has today. This means that the adoption has to speed up significantly if Bitcoin is to become widely used.

Patatas

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It's safe to assume that the bitcoin community has accepted 35 million dumbshits. Most of them will no idea what a bitcoin wallet is and zero clues about the private key. They literally started with making a wallet on a website which has zero security and is always vulnerable to all sorts of attacks.

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The numbers of users of blockchain wallet had increased tremendously judging by the statistics above this is quite encouraging coupled with other wallet service providers shows how bitcoin is gaining more adoption although the numbers of users is still very small compared to the world population at large however with time more users will surely embrace bitcoin thus creating more wallets.

shoreno

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35 million is way too much for just a single wallet company knowing that cryptos are not yet really popular but i cant deny the fact that blockchain is a popular company slash / wallet so therfor its not really shocking to see those huge number of users although i believe that those users are not single individuals but most of them might only be dummy accounts created for some reasons .

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