Post
Topic
Board Bitcoin Discussion
Re: How many people use/hold bitcoin in 2016
by
boyptc
on 23/12/2016, 01:16:33 UTC
Im interested to know how many people are actually now involved in the bitcoin world, Is there anyway to find out a rough idea of the user base so that we can come to a conclusion on what kind of adoption we are currently at? It seems difficult to gauge since this forum alone has several duplicate accounts from the same people.

. /r/bitcoin has 180k subs to it so would it be safe to assume if we included all miners, users holders and whoever else that we are still at under 1 million users? If this is the case then we still have a long way to go.

Does anyone have any more accurate guesses or way to determine the market?

Ok I will help answer your question with some statistics, there are about 15 million people involved or holding bitcoins as at now and I got this statistics from a reliable source. Here we go;

1. 7.4 million bitcoin addresses with a balance .0001 BTC ($.0861)
2. 4.5 million bitcoin addresses with a balance .001 BTC ($.861)
3. 2.8 million bitcoin addresses with a balance .01 BTC ($8.61)
4. 1.2 million bitcoin addresses with a balance 1 BTC ($86.10)
5. 446,301 bitcoin addresses with a balance 1 BTC ($861.00)
6. 131,709 bit coin addresses with a balance 10 BTC ($8,610)
7. 13,698 bitcoin addresses with a balance 100 BTC ($86,100)
8. 1,658 bitcoin addresses with a balance 1,000 BTC ($861,000).
9. 121 bitcoin addresses with a balance 10,000 BTC ($8,610,000).
10. 1 bitcoin address with a balance 100,000 BTC ($86,100,000)

I hope this helps?

Not much. Big addresses usually belong to exchanges and mining farms, they can also be used by a number of people e.g. company addresses. Knowing how much is stored on the addresses doesn't tell anything about the number of people involved in a specific address, thus your statement about 15 million people holding bitcoins is most likely incorrect. I have a number of addresses with a balance of over 0.1 BTC each, think about how many such addresses can a professional trader have.

And it is also better if you are going to paste your source. But for those who has a lot of bitcoins who are holding, coolcoinz is right because most of them belongs to companies/exchanges site that has merged and decided to have one holding wallet fund. Still the statistics that are coming out are just also speculations and there's no basis on how many did really hold for the whole year.