Post
Topic
Board Bitcoin Discussion
Re: In 2019 over 40m cryptocurrency wallets have been created
by
XCANA
on 02/02/2020, 14:39:38 UTC
This is awesome, it shows that cryptocurrency users are growing exponentially from all over the world. Seems like more people are now joining the cryptocurrency ecosystem. The best thing was in 2016 there were only 8 million wallets and by mid-2019 that number reaches up to 40 million, wonderful!

Probably not, what came to my mind was that; these wallets created from 2019, are they all usable? How many of these wallets are currently in use, I mean potentially and practically in use ?. We have heard of many that where created in the past but where not in used till date. Although, we hope to see more usability wallets be created for the spread of Bitcoin and cryptocurrency across the length and breadth of the world.

what important is that there are people that are curios to know about cryptos and they ended up opening a crypto wallet  . we cant blame them if they stop using thier wallet  . what if they only switch to other crypto wallets or what if they only being busy at  something  . who knows they might comeback one day and start using crypto again   . the increase of 8 to 40 million was huge  .  imagin it only took 3 years to accumulate those massive amounts   . how much more when we go to another 3 year  ?  not to mention that crypto was super hot this year   .

My point was that; instead of looking for Cryptos wallets without funds, it should be for them to account for active cryptocurrency wallets instead. This would have make more sense, than just giving out the total wallets available in Cryptos.

Basically, many of these wallets created might be those who lost their password and pass phrase to their wallets. If these are the cases, then, no hope of retrieve.