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Topic: Number of Bitcoin users. - page 4. (Read 13159 times)

legendary
Activity: 1456
Merit: 1005
April 15, 2017, 06:32:09 AM
#72
It doesn't matter how many members are using bitcoin, the value of bitcoin matter because once members are increasing the value of bitcoin will increase always. It is very hard to calculate based on their address because many people are using more than 1 address, so it is very hard to predict.
I think you are wrong the value will not decide on members, the value will be diced based on how many transactions were done. But the bitcoin price is the main source to attract more new people to get in this bitcoin world. Yes, we can not predict exactly how many members are using Bitcoin.
hero member
Activity: 644
Merit: 500
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April 15, 2017, 06:17:43 AM
#71
It doesn't matter how many members are using bitcoin, the value of bitcoin matter because once members are increasing the value of bitcoin will increase always. It is very hard to calculate based on their address because many people are using more than 1 address, so it is very hard to predict.
hero member
Activity: 728
Merit: 537
April 15, 2017, 06:13:27 AM
#70
Well although I don't really get the point of trying to find the total number of bitcoins holders/users , I have something to say.

YOU CAN'T.
You simply can't. Why ? Well, for a lot of reasons.

1- Nearly each and every person has more than one address and since there is no limit on addresses you can have it's UNLIMITED. and I'm just talking about normal individuals.

2- BOTS. Casinos and many other companies have a lot of codes/bots which generate addresses for one-time purchases/deposits. So that's just thousands and thousands of addresses generated. How are you going to determine which is whose ? Exactly...

3- I really can't think of number 3 Cheesy

I think this pretty much explains it.
hero member
Activity: 2170
Merit: 503
Reward: 10M Shen (Approx. 5000 BNB) Bounty
April 15, 2017, 06:06:19 AM
#69
I believe that until now, the bitcoin users continues to grow. Well, maybe everyone already knows what it is bitcoin, but there are many among them who have not used it. so, when they already know the advantages bitcoin, I am so sure, they will try to find bitcoin, and bitcoin make users increases.
hero member
Activity: 2590
Merit: 644
April 15, 2017, 05:45:49 AM
#68
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?

Maybe we cant find the exact number  of it cause i think that in some areas that internet is prohibited we can say that they are illegally surfing on the internet. so they are simply hiding when they are earning it.
That is possible for bitcoin users to still do transaction or earn bitcoin even the bitcoin is banned in their places but the most reasonable thing for bitcoin users to not be exactly counted is a lot of duplicates of bitcoin wallet and a lot of same bitcoin wallet all over the internet so it is hard for a person that doing a survey to completely get the exact number.
hero member
Activity: 1498
Merit: 586
April 15, 2017, 04:38:56 AM
#67
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?

Maybe we cant find the exact number  of it cause i think that in some areas that internet is prohibited we can say that they are illegally surfing on the internet. so they are simply hiding when they are earning it.
hero member
Activity: 1694
Merit: 502
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April 15, 2017, 03:57:00 AM
#66
In my opinion, the the most accurate (almost) number that we can get is from exchange that asks for ID and probably ATMs (whether the ones that require phone verification or ID).
Blockchain.info claim that they have 10 million users but that's far from being accurate since bots should be taken from consideration, people who lost their wallets and made other accounts etc...

I will not count ATM because there are just some one. Most of region / cities doesn't have any ATM.
Best way is to count user from service like bitstamp/coinbase etc where a lot of people access every day for exchange fiat/crypto.
There is also a wallet count (blockchain.info) but give just a number of wallets and anything related to users.

Actually much more cities doesn`t have ATM then there is citis with ATM. Many people do not exchange bitcoins, and some do that more often then others, so I wouldn`t say that that is the best way for counting bitcoin users also. Many users have couple wallets minimum, so Blockchain is far from accurate.
There is no way for us to calculate how much bitcoin users there are, we can just guess this number, and add on that new members that appear almost every day.
member
Activity: 98
Merit: 10
April 15, 2017, 03:55:59 AM
#65
We can estimate the number of bitcoin users in the world using information bitcoin site's user and bitcoin wallet user's etc.
But we are still not sure about it bitcoin is anonymous so probably there are many user's that is anonymous but probably bitcoin users in this days is almost a billion when your mining bitcoin the more people mining in a pool the harder the difficulty to mined bitcoin as today it's almost impossible to mined   bitcoin without a high end harddrive bitcoin there are so many bitcoin miners's.
So probably a billion bitcoin users around the world.
hero member
Activity: 924
Merit: 1001
April 15, 2017, 03:31:51 AM
#64
In my opinion, the the most accurate (almost) number that we can get is from exchange that asks for ID and probably ATMs (whether the ones that require phone verification or ID).
Blockchain.info claim that they have 10 million users but that's far from being accurate since bots should be taken from consideration, people who lost their wallets and made other accounts etc...

I will not count ATM because there are just some one. Most of region / cities doesn't have any ATM.
Best way is to count user from service like bitstamp/coinbase etc where a lot of people access every day for exchange fiat/crypto.
There is also a wallet count (blockchain.info) but give just a number of wallets and anything related to users.
hero member
Activity: 574
Merit: 500
April 15, 2017, 03:27:32 AM
#63
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?

I'd say at least 1 million.

This is based on the estimation of bitcointalk users, I know it's not 100% accurate because of people creating multiple profiles in this forum, but then if you take away the repeating profiles and add the people who do not use bitcointalk but still uses bitcoin, which I know a lot of, then you'll roughly get around the same amount of UIDs on this forum, if not more.

There is really no way to get an accurate estimate though, because bitcoin is pseudoanonymous and you can create as many addresses as you want.
legendary
Activity: 882
Merit: 1000
April 15, 2017, 03:14:04 AM
#62
Due to the nature of bitcoin it's kind of impossible to know how many people use it.
It does not really matter how many bitcoin users there are in the world, I think that due to the fact that bitcoin supply is limited all we need to know is how much bitcoin there is left to mine.

At this point there are over 16+ million bitcoins circulating in the internet and the supply is limited to 21 million for 100 years and we already got more than half of it in less than 10 years, so imagine the more users who will come in how thing will change.

The number of bitcoin users is always insignificant, what really matters is how many bitcoins you hold. Go for it right away !
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
April 15, 2017, 01:16:50 AM
#61
I think the number of bitcoin user is about a million now, But in case of bitcoin address numbers,  Its going to 30 million because of everyday making new bitcoin addresses of users. In my opinion is Like an average of 20,000 bitcoin address created everyday? Just like my case I have 3 bitcoin addresses but different sites holding my bitcoins.
The mass generation of bitcoin addresses is because many sites are generating an address for one-time payment. There's no way to prove the exact amount of bitcoin users and if there is, I suppose it will be hard and need many people to calculate due to the unrevealed identity of every bitcoin's owner. Just never expect the amount of bitcoin users to be really calculated soon or later.
sr. member
Activity: 1162
Merit: 268
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April 15, 2017, 01:10:28 AM
#60
I think the number of bitcoin user is about a million now, But in case of bitcoin address numbers,  Its going to 30 million because of everyday making new bitcoin addresses of users. In my opinion is Like an average of 20,000 bitcoin address created everyday? Just like my case I have 3 bitcoin addresses but different sites holding my bitcoins.
sr. member
Activity: 434
Merit: 250
April 14, 2017, 10:06:47 PM
#59
Bitcoin is a free virtual currency, we do not have any statistics on the number of current users, the number of daily transactions is the only thing we can know. However, 5 million users is a huge number, I do not believe it is true. In my opinion, only up to 3 million bitcoin users around the world, although it is growing rapidly.

I guess the game gambling game is bitcoin excels in online gambling because it is easy to use and in play olehkarena that many are using both the beginner to legendary so users Players gambling bitcoin increased up to approximately 4 million all over the world. perhaps more because of the bitcoin is a free virtual currency may be a lot of demand to play the game so the daily gambling. increased user gambling bitcoin
legendary
Activity: 966
Merit: 1042
April 14, 2017, 09:43:18 PM
#58
Taking into consideration wallet its insane to trace the total number of bitcoin users, since a single person can have unlimited blockchain accounts, what i can say is we are growing all days, and we atleast around 1 milion to 3 milion bitcoin users, above those i dont know at all how close we can be the total size of the community, only if all become regulated.

That's the wrong-est thing I've ever read. There's no such thing as a bitcoin account. Stop using fiat terms where you need blockchain terms. If you assume any given person uses an average of 2 or 3 wallets (not addresses, wallets) then you can get a fairly accurate answer.

I wish OP had linked the study. I can't find it.
hero member
Activity: 798
Merit: 505
April 14, 2017, 09:40:31 PM
#57
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?
No not at all it is impossible to count and give hypothesis in how many bitcoins users are there in the globe.If you will base on number of online wallets its still imposbile to count since there are no limits on how many wallets does a person can create so everyone can create multiple wallets.But one thing is sure we are millions of people who is using bitcoins by this time
hero member
Activity: 714
Merit: 516
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April 14, 2017, 09:37:06 PM
#56
you can reseach about bitcoin user with calculation choose one exchanger every one country
example china choose huobi/okcoin, USA choose coinbase and total calculation member in bitcoin exchanger is same total bitcoin user
hero member
Activity: 756
Merit: 501
April 14, 2017, 09:13:57 PM
#55
Taking into consideration wallet its insane to trace the total number of bitcoin users, since a single person can have unlimited blockchain accounts, what i can say is we are growing all days, and we atleast around 1 milion to 3 milion bitcoin users, above those i dont know at all how close we can be the total size of the community, only if all become regulated.
full member
Activity: 140
Merit: 100
April 14, 2017, 09:10:28 PM
#54
We can not count how many bitcoin users are using bitcoin but we can see very many transactions released every second so it proves that the demand of bitcoin users  is very huge in the world. Just only talking about chinese, indian people using bitcoins then it can hit over 100 million bitcoin users and how about the other countries?
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
April 14, 2017, 09:09:45 PM
#53
Impossible to tell, we can never know exactly how many people use bitcoin, but you would be able to see that the transaction volume only goes up over time, which means more people are using it.
yeah its really impossible to count the user of bitcoin because bitcoin is very much popular currency around the world and bitcoin user is belong to different countries so we can not count the member of bitcoin.
Yes, but the delay of the transaction for me is good, because it means that the transaction is over flowing it means that there are many bitcoin users are making transaction and many are learning how to use bitcoin so the community of bitcoin is expanding that's why there are delay transactions. So the user of it is expanding too everyday.

But it can make the bitcoin users have a negative experience with crypto currency and stop using it as the expectatives weren't matched. The first impression is usually what counts, and in this case it's not a good first impression.
The number of users should increase, but the bitcoin problems should be solved too soon as possible.
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