The most useful data in my opinion is volume, because it may really determine how big market is, and it doesnt matter how many users we have in the blockchain- it matters how much money is invested into this technology, am i right?
Somebody could just send coins back and forwards between addresses they own to generate 'fake' volume. Instead I think a more accurate accurate metric is Bitcoin days destroyed. 
Topic: Number of Bitcoin users. - page 6. (Read 13162 times)
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 agreed, it is difficult to know for sure how the number of people using bitcoin today. Even until whenever, it will be difficult to find out. I think the volume of transactions could not be identifying if bitcoin users is growing. Because everyone can do a lot of transactions. Nevertheless, I believe people using bitcoin from year to year is increasing. Thank you
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.
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?
Well, they're right. It's impossible to know how many users there or of Bitcoin in the world and everything relating to it is essentially just speculation.I'd say one of the few ways you can get a rough approximation is take online wallets, count # of users, assume 15%-20% (probably more) overlap, look at wallet downloads, assume 33% overlap, and then you might get a rough number for the lower end of the spectrum. That's not a good method, but it might be decent enough for approximations.
Chances are we're looking at >500,000 daily users, maybe >2m total users (who use it once a year). Might be bigger than that, idk.
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?
Yes it's impossible to know precisely the total number of people that using bitcoin in the world. If only for approximate, then it's possible but it will needs a deep research since different people have different ways not to show their real one. For example, a 1000 bitcoin address can be owned by a one person or something example like that.
Agree that we can tally the real users to those web exchanges that requires verification but for their whole users, it's impossible that we can track if what numbers are unique one.
I thinks ! No body know Number of Bitcoin users.
For me it is impossible to pin down the number of unique users of Bitcoin in the world, why even what would you call users? Who uses it every week? Who has used it once? Another thing, people change their wallets as they change their clothes, so it's tricky to make that connection.
I assume that there aren't many people around the world that have bitcoins. There are probably even fewer that actually use them. I'm sure lots of people are just getting bitcoins and holding them.
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.
How did you able to say about 5 million users? I don't think so maybe it would be less considering the percentage on overall worldwide population.Its really hard to trace it up on the exact number of users since people can always make lots of wallet addresses which means probability that users would be less on the ratio of btc addresses.
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.
How did you able to say about 5 million users? I don't think so maybe it would be less considering the percentage on overall worldwide population.Its really hard to trace it up on the exact number of users since people can always make lots of wallet addresses which means probability that users would be less on the ratio of btc addresses. 
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?
They said it themselves. It is impossible to get the accurate number of crypto currency users. They can get an approximate number of users but it will stay as approximate. They cannot even state the accurate percentage of margin to the approximated number. In short, it is very impossible to know the exact value. Well unless bitcoin will be converted to a complete centralized crypto currency.
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.
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, We can't get the approximate number of total bitcoin users that are available as of now because we need to consider the multiple wallets that is created by almost all of us bitcoin users and also there is a lot of bitcoin web wallet sites that can make the countings be more complicated and unsure. But the only thing we can be sure about is the number of bitcoin users are already reached at least 5 million.Not simply just that. If I open a few wallets, each wallet gives me maybe a new address every few weeks. And each site I use seems to give me different address every week also. So if I use 10 sites, and most people use more. We get maybe 30 address every month. So maybe real users from 5 million is much less.
First of all, we cannot do some kind of a list of transactions, where we would have every transaction assigned to blockchain user, cuz every user can make many transactions.
Same thing about assigning wallet to user, there is no limit in making wallets for yourself, you can even have 1,000 of them.
Other reason is that you may have option of varying addresses to one wallet- you can change the deposit address of your wallet every moment, even blockchain.info changes the address for a wallet created there.
The most useful data in my opinion is volume, because it may really determine how big market is, and it doesnt matter how many users we have in the blockchain- it matters how much money is invested into this technology, am i right?
We have 200k transactions a day in the blockchain.
This would be the number to start with it.
If we consider 5 million users it would mean each user would only have a transaction every 25 days. It hardly labels him as a "user".
Of course transactions have two users (sender receiver) and there could be multiple receivers in a transactions but there also a lot of transactions that are just money being moved from the right pocket to the left one.
I doubt the 5 million mark , probably close to 1 or 2 max.
This would be the number to start with it.
If we consider 5 million users it would mean each user would only have a transaction every 25 days. It hardly labels him as a "user".
Of course transactions have two users (sender receiver) and there could be multiple receivers in a transactions but there also a lot of transactions that are just money being moved from the right pocket to the left one.
I doubt the 5 million mark , probably close to 1 or 2 max.
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 doubt there are even 10 million users overall.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...
That duo that claimed Bitcoin could realistically reach $500,000 by 2030 also said that there were 6.7 million users. Who knows how they got that statistic, but I don't think collections of people who had their ID verified would be accurate at all as huge amounts of Bitcoin users like to stay anonymous and not be accounted for.
The only thing you could really look at is transaction volume, but we don't particularly know how many transactions each person who we regard to be a "user" makes or receives in a week.
You could do polls stratified by anonymity, age, gender etc of how often each "Bitcoin user" makes transactions each day. It wouldn't be entirely accurate but would help us get a better picture if you divided total transaction volume per week by the median average user's personal transaction volume.
It is impossible to know about the number of bitcoin user because one person can have more than one wallet.
Wallet is not the best source to determine number of bitcoin users.As a matter of fact,there is no precise fool proof way to know exact number of bitcoin users. 
It is impossible to know about the number of bitcoin user because one person can have more than one wallet.
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, We can't get the approximate number of total bitcoin users that are available as of now because we need to consider the multiple wallets that is created by almost all of us bitcoin users and also there is a lot of bitcoin web wallet sites that can make the countings be more complicated and unsure. But the only thing we can be sure about is the number of bitcoin users are already reached at least 5 million.Not simply just that. If I open a few wallets, each wallet gives me maybe a new address every few weeks. And each site I use seems to give me different address every week also. So if I use 10 sites, and most people use more. We get maybe 30 address every month. So maybe real users from 5 million is much less.
But the only thing we can be sure about is the number of bitcoin users are already reached at least 5 million.
Any source to back this ? I doubt we're even close to 5 million users and you mentioned that people could create multiple wallets. Who knows there might be one person that could own hundred thousands of wallets. 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, We can't get the approximate number of total bitcoin users that are available as of now because we need to consider the multiple wallets that is created by almost all of us bitcoin users and also there is a lot of bitcoin web wallet sites that can make the countings be more complicated and unsure. But the only thing we can be sure about is the number of bitcoin users are already reached at least 5 million. Jump to: