Topic: Number of Bitcoin users. - page 7. (Read 13162 times)
As of now I think its hard to get the precise number of bitcoin users. As we can observe bitcoin is being popular nowadays, people attract to it to use bitcoin. Even in the exchange its kinda impossible to get the accurate numbers of users.
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 do not think that we can get the average number of Bitcoin usesr through used Bitcoin address or wallets since a single person can own more than one Bitcoin wallet. I agree that the most accurate would be getting the users of exchanges that needs ID's since a person cannot create another valid account using the same name. But exchange does not represent the total Bitcoin use either. So I guess it will be hard to know the total Bitcoin users.
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.
the only way to get an inkling would be counting separate verified accounts at places like coinbase and localbitcoins, and even then you'd still be guessing the rest.
wallet openings is irrelevant. transaction levels are irrelevant. i think that study guessed 3-6 million? for some reason that feels about right to me.
wallet openings is irrelevant. transaction levels are irrelevant. i think that study guessed 3-6 million? for some reason that feels about right to me.
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?
Still impossible dude because there are a lot of people with multiple wallets too. Just an approximation based in the number of wallets might do by it won't hold any credibility until the actual number is found somehow.
It´s hard no know the approximate number of bitcoin users since any user can have more than one wallet that can have many addresses but the more important thing is the known that bitcoin is, if it´s used in daily life, where is used, if people know about it, if it´s in the regular conversations, in a word , if it´s more or less popular.
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.
You can drop the idea of getting any approximate or true number of bitcoin users because it is not possible to calculate in any ways. You can imagine any numbers you like as total number of bitcoin users and i think number is well above 10 million.
What do you think? Can we atleast get an approximate number of total Bitcoin users world wide?
Yes we can but i don't think this approximate number will be anywhere near the real number of users. There are few things that make it quite difficult to calculate real numbers:
1. One person can have thousands of bitcoin address so we can't find this out with the number of bitcoin users exist.
2. One person can have bitcoin wallets in multiple web wallets so their number of users can't give real calculation.
3. Everyday new people are starting to use bitcoin which makes calculation even harder.
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.
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...
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...
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?
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