There are reddit discussions about this.
I stumbled upon one some months back and I'm glad I was able to find it again (using the keywords that I remembered from the replies)
https://www.reddit.com/r/Bitcoin/comments/2vuvxs/estimated_number_of_bitcoin_users/
Topic: Statistics on the growth of bitcoin? (Read 730 times)
Basically, If we are going to observe the static growth of bitcoins. It will continously innovate the volume that who will adopt the system of bitcoins. Or in other simple explanation when the price is volatile whether it is an altcoin or bitcoins and etc. That is obviously more volume to come. It is a simple fact, isin't?
There is no way to know how many people use Bitcoin.
One person may have hundreds of addresses and some may share addresses(if they use offchain transactions for example).
Only thing known is the number of transactions, that is increasing, and hashpower of the network(increasing since forever too)
One person may have hundreds of addresses and some may share addresses(if they use offchain transactions for example).
Only thing known is the number of transactions, that is increasing, and hashpower of the network(increasing since forever too)
You could get a close estimate, if you can get your hands on the information on the regulated exchanges, because of these users are verified and linked to these addresses. They have to adhere to very
strict AML/KYC regulations, so these users have to provide documentary proof of their ID's. You then extrapolate these numbers per country and work it out as a percentage of the whole population.
Unfortunately the remaining users who do not make use of these regulated exchanges, will never be part of these totals. I think more users avoid exchanges, than the ones using it.
There is no way to know how many people use Bitcoin.
One person may have hundreds of addresses and some may share addresses(if they use offchain transactions for example).
Only thing known is the number of transactions, that is increasing, and hashpower of the network(increasing since forever too)
One person may have hundreds of addresses and some may share addresses(if they use offchain transactions for example).
Only thing known is the number of transactions, that is increasing, and hashpower of the network(increasing since forever too)
Are there any or many statistics on the growth of bitcoin. Can anyone point to a good source?
Particularly the number of people using, holding or even aware of it
Thanks
Particularly the number of people using, holding or even aware of it
Thanks
you can never find that information anywhere, unless you are willing to do some field word yourself and start questioning people.
the only other option is making some predictions based on the number of services that are accepting bitcoin, maybe ask a service like bitpay to give you some statistics on how many transactions they do each day or in general things like that to find out the real users.
Are there any or many statistics on the growth of bitcoin. Can anyone point to a good source?
Particularly the number of people using, holding or even aware of it
Thanks
I don't think we have much more info on actual statistics about total number of bitcoin users, holders etc but we have many trading platform and charts from them as well as coinmarketcap.com give better overall view about cryptos that exist including bitcoin. Particularly the number of people using, holding or even aware of it
Thanks
why is everybody just giving links to trading related charts and information, OP is asking about number of people using bitcoin and knowing about it, all those above links is only showing how much bitcoin is being traded and that only changes with price volatility!
the only real way we could get a decent sized glimpse is knowing the number of individual and verified accounts at the exchanges and places like coinbase, circle and bitpay. that's nothing more than a snapshot, but a pretty informative one. i doubt they'd want to release that information beyond the hint level.
why is everybody just giving links to trading related charts and information, OP is asking about number of people using bitcoin and knowing about it, all those above links is only showing how much bitcoin is being traded and that only changes with price volatility!
for number of people using, you need to ask people like this that shows how many Brits know about bitcoin or this one or this article about 100 million user may help you get your answer.
for number of people using, you need to ask people like this that shows how many Brits know about bitcoin or this one or this article about 100 million user may help you get your answer.
the best was bitcoinpulse but that seems to have been shut down. that had all types of stats, not just market stuff.
i'd say localbitcoins sales is a good indicator. that's the best option in alot of countries, and sometimes the only one.
i'd say localbitcoins sales is a good indicator. that's the best option in alot of countries, and sometimes the only one.
it's not exactly growth, but you can look the price charts at www.tradingview.com
very good site to analyse charts.
very good site to analyse charts.
There are not figures on the amount of new users right. I was thinking about an idea to monitor newly generated addresses but since exchanges use so many adresses it's hard to say if it is new or from an existing user.
it's not exactly growth, but you can look the price charts at www.tradingview.com
very good site to analyse charts.
very good site to analyse charts.
Google Trends and Alexa Ranking can help. IIRC from Google Trends, Bitcoin reached peak popularity back in 2013.
Are there any or many statistics on the growth of bitcoin. Can anyone point to a good source?
Thanks
I use https://coinmarketcap.com for look statistic of bitcoin and another cryptos coins it is worth, you should use it and share your experience with us.Thanks
Bitcoin is in a downtrend as a percentage. But I guess that is not totally surprising as new and better altcoins are being added over time, and some of the larger (by market cap) altcoins are quite new.
https://coinmarketcap.com/charts/ (scroll down to chart 3)
That confirms my suspicion, but I'm more interested in the number of people who hold or use or know of bitcoin. I guess one can get some ideas by looking at the number of addresses. Is that growth documented anywhere?
Here is a chart of unique addresses.
https://blockchain.info/charts/n-unique-addresses?timespan=all
And blockchain wallet users. (does that include altcoins?)
https://blockchain.info/charts/my-wallet-n-users?timespan=all
market cap doesn't show anything about usage of bitcoin or any other altcoin. and those charts that you are talking about (which was posted here many times before your topic wanting to say the same thing) only show the amount that each of these coins are being trader.
it is a simple fact: when the price is volatile (bitcoin, altcoin or anything else) there is more volume.
and market cap being (available supply * price) only shows that even a shitcoin can increase its available supply to the moon 80 million+ to increase the result of that multiplication and come to the top of that list.
and again if you are looking for growth or how many people are using it you should look in places that are accepting bitcoin or any other altcoin.
Are there any or many statistics on the growth of bitcoin. Can anyone point to a good source?
Thanks
I use https://coinmarketcap.com for look statistic of bitcoin and another cryptos coins it is worth, you should use it and share your experience with us.Thanks
Bitcoin is in a downtrend as a percentage. But I guess that is not totally surprising as new and better altcoins are being added over time, and some of the larger (by market cap) altcoins are quite new.
https://coinmarketcap.com/charts/ (scroll down to chart 3)
That confirms my suspicion, but I'm more interested in the number of people who hold or use or know of bitcoin. I guess one can get some ideas by looking at the number of addresses. Is that growth documented anywhere?
Here is a chart of unique addresses.
https://blockchain.info/charts/n-unique-addresses?timespan=all
And blockchain wallet users. (does that include altcoins?)
https://blockchain.info/charts/my-wallet-n-users?timespan=all
Are there any or many statistics on the growth of bitcoin. Can anyone point to a good source?
Thanks
I use https://coinmarketcap.com for look statistic of bitcoin and another cryptos coins it is worth, you should use it and share your experience with us. Thanks
Are there any or many statistics on the growth of bitcoin. Can anyone point to a good source?
Particularly the number of people using, holding or even aware of it
Thanks
Particularly the number of people using, holding or even aware of it
Thanks
Jump to: