My guess would be that the number of users is still under five millions.
Evereybody has to start with bitcoin somewhere, and I bet that at least 20 percent of the users start here at bitcointalk.
This forum has slightly under one million accounts. So combined that would give me 5 million users.
And when you include the possibility that some people have two or more accounts, the number of real users would decrease. At least im my theory.
Topic: Number of Bitcoin users. (Read 13159 times)
Recently, a comprehensive cyrpto currency study was conducted by the university of cambridge.Although,it has revealed various aspects of bitcoin such as total number of wallets used,number of unique users of crypto currency wallets,but finally they have said that it is impossible to know precisely how many people use crypto currency.What do you think? Can we atleast get an approximate number of total Bitcoin users world wide?
This is true that to calculate the accurately that how many unique users are using bitcoin wallet and altcoin or other same type coins , is about impossible.But here if the blockchain can give Thier data that how many wallets are created and Currently live to use by the users then surely we can make direct approximation that how many numbers of the people are involved in this .
And in case of altcoin it is really simple to calculate but it is mendetory that the altcoin owner tell us that how many users are using Thier coin and then making average of the user we can determine how many people are involved.
Its really hard to speculate how many bitcoin users are out there. But I will put a guesstimate, around 100-300K only. Not even in millions. I say this because bitcoin is not even adopted by many people and the world are still fiat dominated. We hope that a lot of people are going to use bitcoin in the future, but volatile price and other issues keeps them away and using fiat as best option.
In my opinion, no one knows exactly how many people use BTC! But perhaps the number is not small at the moment
As mentioned we're now growing in number regularly compared to the past days of bitcoin. Right now we are a very small number than the fiat used all around. This will change as adoption of bitcoin increases with relation to the acceptance and implementation of blockchain technology on different sectors and bitcoin for varied requirements.
I agree with you. These are not bitcoin users. These are random people.
Real users understand what bitcoin is and how it can be earned. Not from the faucets - it's not serious.
Real users understand what bitcoin is and how it can be earned. Not from the faucets - it's not serious.
Then the number will be greatly reduced. Even some of the users that are active here in the forum do not fully understand what bitcoin is. Sometimes you can see some posts that suggests they use bitcoin as payment method but not really knowing what bitcoin is.
fast transaction. That is the benefits you get when you are using bitcoin and since more people are satisfied, it is getting more valuable now.
I agree with you. These are not bitcoin users. These are random people.
Real users understand what bitcoin is and how it can be earned. Not from the faucets - it's not serious.
Real users understand what bitcoin is and how it can be earned. Not from the faucets - it's not serious.
Then the number will be greatly reduced. Even some of the users that are active here in the forum do not fully understand what bitcoin is. Sometimes you can see some posts that suggests they use bitcoin as payment method but not really knowing what bitcoin is.
In my opinion, no one knows exactly how many people use BTC! But perhaps the number is not small at the moment
As mentioned we're now growing in number regularly compared to the past days of bitcoin. Right now we are a very small number than the fiat used all around. This will change as adoption of bitcoin increases with relation to the acceptance and implementation of blockchain technology on different sectors and bitcoin for varied requirements.In my opinion, no one knows exactly how many people use BTC! But perhaps the number is not small at the moment
As mentioned we're now growing in number regularly compared to the past days of bitcoin. Right now we are a very small number than the fiat used all around. This will change as adoption of bitcoin increases with relation to the acceptance and implementation of blockchain technology on different sectors and bitcoin for varied requirements.I have a doubt. Should we call someone getting BTC0.001 or BTC0.0001 once in a while from various faucets and tips as a Bitcoin user? Where are we going to put the line?
That's a valid Q indeed.
Yes, there are allot of people even here who just get some Satoshi once in a while from signature campaigns, and convert it to fiat as soon as possible. Are they Bitcoin users?
And we can't find an accurate number of Bitcoin users using the wallets or transactions.
People who receive several Satoshi sometimes do not even understand what Bitcoin is and why it is needed. I do not consider them bitcoin users.
Real users are consciously aware of bitcoin and are aware of its advantages
Yes, they do not understand all the advantages of this currency, because they simply do not have it. You can not earn something for a few satoshs.
I agree with you. These are not bitcoin users. These are random people.
Real users understand what bitcoin is and how it can be earned. Not from the faucets - it's not serious.
In my opinion, no one knows exactly how many people use BTC! But perhaps the number is not small at the moment
As mentioned we're now growing in number regularly compared to the past days of bitcoin. Right now we are a very small number than the fiat used all around. This will change as adoption of bitcoin increases with relation to the acceptance and implementation of blockchain technology on different sectors and bitcoin for varied requirements.
I do not know how many users bitcoin in my world approximately 50 million.
In my opinion, no one knows exactly how many people use BTC! But perhaps the number is not small at the moment
I have a doubt. Should we call someone getting BTC0.001 or BTC0.0001 once in a while from various faucets and tips as a Bitcoin user? Where are we going to put the line?
That's a valid Q indeed.
Yes, there are allot of people even here who just get some Satoshi once in a while from signature campaigns, and convert it to fiat as soon as possible. Are they Bitcoin users?
And we can't find an accurate number of Bitcoin users using the wallets or transactions.
People who receive several Satoshi sometimes do not even understand what Bitcoin is and why it is needed. I do not consider them bitcoin users.
Real users are consciously aware of bitcoin and are aware of its advantages
Yes, they do not understand all the advantages of this currency, because they simply do not have it. You can not earn something for a few satoshs.
I have a doubt. Should we call someone getting BTC0.001 or BTC0.0001 once in a while from various faucets and tips as a Bitcoin user? Where are we going to put the line?
That's a valid Q indeed.
Yes, there are allot of people even here who just get some Satoshi once in a while from signature campaigns, and convert it to fiat as soon as possible. Are they Bitcoin users?
And we can't find an accurate number of Bitcoin users using the wallets or transactions.
People who receive several Satoshi sometimes do not even understand what Bitcoin is and why it is needed. I do not consider them bitcoin users.
Real users are consciously aware of bitcoin and are aware of its advantages
It made me kind of laugh, because i've been advising this people to not touch this boring activity, but after I have recommended them going on bitcointalk.org, they have got persuaded to start with faucet sites, looks like many people are actually advising newbies to stick only to faucets.
So yes, people that have made themselves a bitcoin wallet does not have to be a bitcoin users too. They could have just get irritated with the whole knowledge, what caused them to not touch their satoshis anymore.
wallet openings is irrelevant. transaction levels are irrelevant.
Exactly! Given the nature of the Bitcoin transactions, it's going to be a mirage knowing the total number of its users. For instance, I as a single individual have three Bitcoin wallets and have done over 20 transactions on all three on different addresses. So, how those one determine that all is from one person? It's really impossible.
I have a doubt. Should we call someone getting BTC0.001 or BTC0.0001 once in a while from various faucets and tips as a Bitcoin user? Where are we going to put the line?
That's a valid Q indeed.
Yes, there are allot of people even here who just get some Satoshi once in a while from signature campaigns, and convert it to fiat as soon as possible. Are they Bitcoin users?
And we can't find an accurate number of Bitcoin users using the wallets or transactions.
People who receive several Satoshi sometimes do not even understand what Bitcoin is and why it is needed. I do not consider them bitcoin users.
Real users are consciously aware of bitcoin and are aware of its advantages
I have a doubt. Should we call someone getting BTC0.001 or BTC0.0001 once in a while from various faucets and tips as a Bitcoin user? Where are we going to put the line?
That's a valid Q indeed.
Yes, there are allot of people even here who just get some Satoshi once in a while from signature campaigns, and convert it to fiat as soon as possible. Are they Bitcoin users?
And we can't find an accurate number of Bitcoin users using the wallets or transactions.
wallet openings is irrelevant. transaction levels are irrelevant.
Exactly! Given the nature of the Bitcoin transactions, it's going to be a mirage knowing the total number of its users. For instance, I as a single individual have three Bitcoin wallets and have done over 20 transactions on all three on different addresses. So, how those one determine that all is from one person? It's really impossible.
I have a doubt. Should we call someone getting BTC0.001 or BTC0.0001 once in a while from various faucets and tips as a Bitcoin user? Where are we going to put the line?
That's a valid Q indeed.
I have a doubt. Should we call someone getting BTC0.001 or BTC0.0001 once in a while from various faucets and tips as a Bitcoin user? Where are we going to put the line?
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