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Topic: Total number of bitcoin users (Read 2476 times)

full member
Activity: 164
Merit: 126
Amazing times are coming
December 04, 2014, 09:25:45 AM
#30
In thins article: http://www.coindesk.com/bitcoin-stellar-sidechains-feature-future-money-summit/
Shalek, the Ribbit Capital partner, told the audience during the closing panel:

“Bitcoin has this promise of enabling innovation. There are already 10 million people or more using bitcoin.”
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
November 30, 2014, 03:37:32 PM
#29
Number of wallets is known? By whom? Is this figure published somewhere?

If all Bitcoins are known where they are, I guess therefore the number of wallets is known too... But seems like I'm wrong, been surgfing a bit now...

I think someone is confusing 'wallets' for 'public addresses'.
legendary
Activity: 3794
Merit: 1030
The Best Tipster on the Forum!!
November 30, 2014, 03:16:24 PM
#28
I am pretty sure that number is around 10 million now Shocked

i think the same

maybe a little less...bitcoin is growing every day...hope the price does the same Smiley
legendary
Activity: 1316
Merit: 1000
November 30, 2014, 02:21:32 PM
#27
Hi, is there an estimation anywhere about how many real users bitcoin has?

according to 1 bitcoin hater i know of its 250k active users, but imo thats pretty good, must people just invest and leave BTC sat in cold storage.
sr. member
Activity: 406
Merit: 250
AltoCenter.com
November 30, 2014, 02:19:54 PM
#26
I am pretty sure that number is around 10 million now Shocked
legendary
Activity: 888
Merit: 1000
Monero - secure, private and untraceable currency.
November 30, 2014, 02:06:26 PM
#25
Number of wallets is known? By whom? Is this figure published somewhere?

If all Bitcoins are known where they are, I guess therefore the number of wallets is known too... But seems like I'm wrong, been surgfing a bit now...
legendary
Activity: 1582
Merit: 1196
Reputation first.
November 30, 2014, 02:01:40 PM
#24
If I not wrong 1 months ago I saw the main statistic of bitcoin protocol and remember that almost 500.000 user in the world actually use bitcoin. Very little number, but we'll increase it in the next future ! Ah, don't look at the address, many people have more than 1 address Smiley
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
November 30, 2014, 01:57:58 PM
#23
Number of wallets is known,

Number of wallets is known? By whom? Is this figure published somewhere?
legendary
Activity: 888
Merit: 1000
Monero - secure, private and untraceable currency.
November 29, 2014, 06:30:46 AM
#22
Average number of wallets per user is not impossible to know with proper research. Number of wallets is known, so number of users is pretty much there. Anyone knows the number?
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
November 29, 2014, 04:36:50 AM
#21
Less than a million.

But there are 10x the number of wallets I think since each user often has a couple.

Coinbase alone has 2 million consumer wallets and they are only available in 19 countries (which is after a pretty recent expansion). Due to AML/KYC it would be unlikely for their users to need/want multiple wallets on coinbase.
sr. member
Activity: 350
Merit: 250
November 29, 2014, 04:21:50 AM
#20
Less than a million.

But there are 10x the number of wallets I think since each user often has a couple.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
November 29, 2014, 02:42:20 AM
#19
Hi, is there an estimation anywhere about how many real users bitcoin has?

Not sure but I guess I saw on some interview with an old man that they are estimated of 250k users , not that much right  Cry

It's very hard to say, but I think probably 2 to max 3 million users.

Wallets don't say anything as there are services and companies who have hundreds of wallets with a balance.

just wallets but not users.

i would estimate 2-5 mio users worldwide?

It seems we are no very good estimating  Grin Anyway, we could say there are in the range [0.25; 5.00] million people. Very few people.


fair enough  Smiley - all in all a pretty laughable number  Wink

look here:
https://bitcointalksearch.org/topic/we-are-still-early-adopters-872881
legendary
Activity: 1806
Merit: 1003
November 29, 2014, 01:03:29 AM
#18

I guess you didn't read the rest of the thread before replying to kokojie, since you missed the fact that kokojie's figure is off by an order of magnitude:

...
Also, "There are currently 14,104,525 unspent outputs in 3,609,649 unique address": http://www.reddit.com/r/Bitcoin/comments/2mkmoq/til_where_the_bitcoins_at_mysteries_of_the/
...


Some of them are zero, and by the author's own numbers:
There are 732,959 addresses with a 1 satoshi balance totaling 0.00732959 BTC

Most of these "unique addresses" are like that, with balance below 0.001 btc

So I guess I was inaccurate when saying "non-zero balance addresses", I should have said addresses with "meaningful" balance.
legendary
Activity: 1722
Merit: 1004
November 28, 2014, 11:03:11 PM
#17
It's very hard to say, but I think probably 2 to max 3 million users.

Wallets don't say anything as there are services and companies who have hundreds of wallets with a balance.

Wait, what? it's way less than that, total users should be less than 100k people. There are total of around 220k unique Bitcoin addresses with a non-zero balance, and I personally owns about 20 addresses with balance, the average user should own at least 2 or more addresses with balance.

I was way off with my estimate.

Never thought such a little group of people are actually owning Bitcoin. Looking at myself, I own 8 wallets with balance.

Imagine what will happen if more than a million people own Bitcoin.


I guess you didn't read the rest of the thread before replying to kokojie, since you missed the fact that kokojie's figure is off by an order of magnitude:

...
Also, "There are currently 14,104,525 unspent outputs in 3,609,649 unique address": http://www.reddit.com/r/Bitcoin/comments/2mkmoq/til_where_the_bitcoins_at_mysteries_of_the/
...
legendary
Activity: 1582
Merit: 1196
Reputation first.
November 28, 2014, 06:25:06 PM
#16
Maybe in the world there are 2, maximum 3 million of people which use bitcoin but not more. It is still unknown to the big part of people  Angry We have to work to raise this number Smiley
legendary
Activity: 2170
Merit: 1427
November 28, 2014, 05:12:06 PM
#15
It's very hard to say, but I think probably 2 to max 3 million users.

Wallets don't say anything as there are services and companies who have hundreds of wallets with a balance.

Wait, what? it's way less than that, total users should be less than 100k people. There are total of around 220k unique Bitcoin addresses with a non-zero balance, and I personally owns about 20 addresses with balance, the average user should own at least 2 or more addresses with balance.

I was way off with my estimate.

Never thought such a little group of people are actually owning Bitcoin. Looking at myself, I own 8 wallets with balance.

Imagine what will happen if more than a million people own Bitcoin.
Q7
sr. member
Activity: 448
Merit: 250
November 28, 2014, 04:58:24 PM
#14
Not sure if you can get the exact figure on number of users based on statistic cause a user might be holding several wallets. Some wallets are inactive while there are others which are probably abandoned due to loss of private. So what I meant to say is there are a lot of factors here.
full member
Activity: 164
Merit: 126
Amazing times are coming
November 28, 2014, 04:06:54 PM
#13
Hi, is there an estimation anywhere about how many real users bitcoin has?

Not sure but I guess I saw on some interview with an old man that they are estimated of 250k users , not that much right  Cry


That old man, who is aggressive in his misunderstanding of Bitcoin, is Jeffrey Robinson, author of "Bitcon". He's an old-school financial crime author/researcher who does not understand the technology behind Bitcoin, and simply views it through his outdated and narrow lens. Hence, he's trying to downplay the number of bitcoin users and ignored many stats. He is a weak-thinker, and really just trying to promote his sensationalist and poorly "researched" book.

For example, the fact that Blockchain.info alone has almost 2.7 million wallets, and Coinbase has over 2 million. Note that Coinbase does robust KYC, so that 2 million *does* correspond to 2 million unique people.

Not to mention all the other wallets...

Also, "There are currently 14,104,525 unspent outputs in 3,609,649 unique address": http://www.reddit.com/r/Bitcoin/comments/2mkmoq/til_where_the_bitcoins_at_mysteries_of_the/

Obviously many bitcoin users control more than one address, and Coinbase users don't necessarily carry a bitcoin balance, but I'd guess it all nets out to about 1-3M bitcoin *owners*. And if you define a *user* as someone who either owns bitcoin and/*or* has made a bitcoin transaction in the last XX days, that number goes up.


Provably you think that I am reading that old man but I've never heard about him in my life. Anyway, you're right when you ask for a *user* definition and I think that users are:

* People that own bitcoins (they have a balance)
* People that perform transactions often.

legendary
Activity: 1722
Merit: 1004
November 28, 2014, 03:41:52 PM
#12
Hi, is there an estimation anywhere about how many real users bitcoin has?

Not sure but I guess I saw on some interview with an old man that they are estimated of 250k users , not that much right  Cry


That old man, who is aggressive in his misunderstanding of Bitcoin, is Jeffrey Robinson, author of "Bitcon". He's an old-school financial crime author/researcher who does not understand the technology behind Bitcoin, and simply views it through his outdated and narrow lens. Hence, he's trying to downplay the number of bitcoin users and ignored many stats. He is a weak-thinker, and really just trying to promote his sensationalist and poorly "researched" book.

For example, the fact that Blockchain.info alone has almost 2.7 million wallets, and Coinbase has over 2 million. Note that Coinbase does robust KYC, so that 2 million *does* correspond to 2 million unique people.

Not to mention all the other wallets...

Also, "There are currently 14,104,525 unspent outputs in 3,609,649 unique address": http://www.reddit.com/r/Bitcoin/comments/2mkmoq/til_where_the_bitcoins_at_mysteries_of_the/

Obviously many bitcoin users control more than one address, and Coinbase users don't necessarily carry a bitcoin balance, but I'd guess it all nets out to about 1-3M bitcoin *owners*. And if you define a *user* as someone who either owns bitcoin and/*or* has made a bitcoin transaction in the last XX days, that number goes up.
newbie
Activity: 21
Merit: 0
November 28, 2014, 03:27:47 PM
#11
It's very hard to say, but I think probably 2 to max 3 million users.

Wallets don't say anything as there are services and companies who have hundreds of wallets with a balance.

Wait, what? it's way less than that, total users should be less than 100k people. There are total of around 220k unique Bitcoin addresses with a non-zero balance, and I personally owns about 20 addresses with balance, the average user should own at least 2 or more addresses with balance.

Good point, I have 6 addresses with balance.
You should count all addresses that ever had any input.
Now many addresses can have 0 balance but they are in blockchain and belong to somebody Wink
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