Number of Bitcoin users. - page 5. | Bitcointalksearch.org

Xester

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Quote from: Dimelord on April 13, 2017, 01:41:52 PM

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?

It is very hard to get the precise actual number of bitcoin users all over the world. The only probable was to do a random sampling such as getting the number of bitcoin users in every hosted web wallets and exchanges and the forums. If we can get the data from those sites then at least we can get a much closer projection to the number of total bitcoin users around the world.

emezh10

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Quote from: KingdomHearts on April 14, 2017, 02:30:17 PM

Quote from: pereira4 on April 14, 2017, 11:09:37 AM

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.

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Quote from: OmegaStarScream on April 13, 2017, 01:58:08 PM

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...

We know there are currently 12.5 million bitcoins. We know that there are dozens of whales like the winkledouches, Roger Ver, Loaded, and so on that own 100,000 or more bitcoins. We know Chinese investors are buying and hording btc. Based on all the user data you can get on this forum about lost btc and scammed btc I would reduce the total number of btc in circulation to under 7-8 million. Divide the supposed 10 million users by the number of coin left means the remaining people can only have $900 in btc at once. That means no major spending, no paying of major bills, each person couldn't even afford a small bag of marijuana. Combine that knowledge with the known daily transaction data of 350k and you realize there are far fewer people using btc than you think. If you consider "users" to mean people actively buying and spending btc like people spend fiat then it's very likely the number of users worldwide is below 500k.

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Quote from: BeGoods on April 14, 2017, 08:27:12 PM

Quote from: PeRo on April 14, 2017, 04:53:43 PM

I would like to know that, too, but I am afraid that we will never get the exact number of people using it. I also wonder what percent of the members are actually alts. The only way to know the number would be some kind of listing or something.

maybe some users to wonder how big the actual total bitcoin user. but to count total users it will not be possible to do dude?

As stated it is not able to have clear data on the number of bitcoin users around the world though every new bitcoin address and all the associated transaction gets updated. To my view, may be we might be having around 5% of bitcoin users around the world and around 10% might be aware but still haven't started using it for some reasons.

BeGoods

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Quote from: PeRo on April 14, 2017, 04:53:43 PM

I would like to know that, too, but I am afraid that we will never get the exact number of people using it. I also wonder what percent of the members are actually alts. The only way to know the number would be some kind of listing or something.

maybe some users to wonder how big the actual total bitcoin user. but to count total users it will not be possible to do dude?

robelneo

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Quote from: Dimelord on April 13, 2017, 01:41:52 PM

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?

It's impossible to get the right figure because an individual can have as many bitcoin wallet as he wants and and there are a lot of anonymous wallet and wallet mixer also,we can only estimate but the best parameters are those verified by exchangers but then again sone users can verify their account on three or four exchangers.

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Quote from: Dimelord on April 13, 2017, 01:41:52 PM

Recently, a comprehensive cyrpto currency study was conducted by the university of cambridge.

And as always this type of research is not 100% accurate and this topic is vast to be measured accurately.

Quote from: Dimelord on April 13, 2017, 01:41:52 PM

Although,it has revealed various aspects of bitcoin such as total number of wallets used,number of unique users of crypto currency wallets,

There is no way to determine how many users bitcoin has by studying wallets. How exactly are you gonna do this?
When you can download software wallet, copy it multiple times, install on multiple machines and use it that way.
Counting number of online wallets accounts is not gonna prove anything. Blockchain.info alone has over 12 million of accounts.

Paid Piper

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Quote from: KingdomHearts on April 14, 2017, 02:30:17 PM

Quote from: pereira4 on April 14, 2017, 11:09:37 AM

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 there is no such open mechanism through which we can count the actual users of bitcoin. but we can only conclude that bitcoin is becoming more and more popular and that can be the reason that bitcoin users will be increasing from time to time.

guoyu78

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Quote from: KingdomHearts on April 14, 2017, 02:30:17 PM

Quote from: pereira4 on April 14, 2017, 11:09:37 AM

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.

you are right it very difficult to know that how much people are using bitcoin because bitcoin users is very much high and its very popular around the world a huge number of people are using bitcoin.

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I would like to know that, too, but I am afraid that we will never get the exact number of people using it. I also wonder what percent of the members are actually alts. The only way to know the number would be some kind of listing or something.

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I think the only way we will know for sure is if it becomes fully regulated and users are verified and then tied to an address.

That would be a sad day for bitcoin, for now we'll just have to look at all the different "studies" and work out a mean.

KingdomHearts

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Quote from: pereira4 on April 14, 2017, 11:09:37 AM

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.

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Quote from: soul-impact on April 14, 2017, 07:09:01 AM

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.

Aside number of transactions, people do roughly estimate the total number of bitcoin addresses to approximately find out total number of bitcoin users. I believe the accurate information on total number of bitcoin users will never be possible as bitcoin itself supporting pseudo-anonymous feature.

All the above, the total number of bitcoin users keep on increasing which means we could never have one constant number so working on this seems not a good idea.

SHAWN-MIDWAYS

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Quote from: forthewin on April 14, 2017, 08:47:46 AM

I assume that there aren't many people around the world that have bitcoins.

Does not owning a single satoshi disqualify one from been regarded a bitcoin user in this scenario

Quote

There are probably even fewer that actually use them. I'm sure lots of people are just getting bitcoins and holding them.

Most likely we have few active bitcoin users
Its probably even difficult to get the right estimate of the number of users generally using the crypto through the forums registered members because of farmed a/cs and the alike, others use it totally anonymous to avoid unnecessary attention.

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these days the bitcoin more and more, but there are still many people who are not familiar with bitcoin,, was originally the eyes of the virtual sound very strange TPI if we know the use of virtual currency is a lot of functions, especially for the needs of sale or can be used to invest. increasingly fore bitcoin users will increase rapidly. I believe it.

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Quote from: Dimelord on April 13, 2017, 01:41:52 PM

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?

There is no need of an university to know that it is not possible to know the actual and realistic number of people using bitcoin. Any villager would tell you the same. From people using more than one wallet to people using exchanges as their only wallet. What can be used to determine an accurate estimation. Using the daily transactions going is not usefull either.

Quote from: topesis on April 14, 2017, 01:04:53 PM

Personally I will go for like 4 million active users, I have close to 10 wallet, trying to hedge myself from any unforeseen scenerio. Do anyone have the actual number of users on Bitcointalk.org

The forum has actually +900k members https://bitcointalk.org/index.php?action=stats but thousands of accounts are abandonned or used by farmers/scammers ect. It should not be used to even just give an idea on anything

topesis

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Personally I will go for like 4 million active users, I have close to 10 wallet, trying to hedge myself from any unforeseen scenerio. Do anyone have the actual number of users on Bitcointalk.org

skorupi17

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Of course it is very impossible. No formula nor basis will exist on how to know the exact number of bitcoin users. Even if an organization will go around the world and ask everyone if they use bitcoin, they will not get the exact number. This is due to denial. Bitcoin users would not even say that they are using bitcoin, unless you are dumb enough to say that to a stranger. The users are smart enough and will have the essence of anonymity and will not admit that they are bitcoiners.

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Due to the nature of bitcoin it's kind of impossible to know how many people use it.

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The numbers of Bitcoin users cannot be ascertain because there are plenty wallets and there is no computations to know the number of users, people can create more than one wallets make transactions on all, I don't think it is even necessary to know the number of users as far as there is no fraud involved.

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