2018 Brought 54 Million New Crypto Users Despite Bear Market

[Zed0X]

I personally did not think there will be an increase of crypto users because of the massive decline in market value but the report by the Cambridge Center for Alternative Finance, a research center at the University of Cambridge’s Judge Business School, says otherwise.

From the article https://www.ccn.com/mainstream-2018-brought-54-million-new-crypto-users-despite-bear-market/

The crypto market may have taken a tumble this year, but that has not diminished interest in the nascent technology.

The number of crypto users has nearly doubled with the total number of users registered with cryptocurrency service providers rising from 85 million in 2017 to more than 139 million in the first three quarters of this year.

“Combining public data and survey findings, we estimate that the total number of user accounts at service providers amounts to at least 139 million in late 2018,” says the report.

[MVT$]

It will be more interesting to see the breakdown of these new cryptoasset users.
How many started out as pure investors? and how many started out as airdrop and bounty hunters?

[ZionRTZ]

The data also came as a surprise to me.

~snip~
How many started out as pure investors? and how many started out as airdrop and bounty hunters?

This will probably take a lot of work and I am not even sure if the data will be accurate.

[inewoods]

I personally did not think there will be an increase of crypto users because of the massive decline in market value but the report by the Cambridge Center for Alternative Finance, a research center at the University of Cambridge’s Judge Business School, says otherwise.

From the article https://www.ccn.com/mainstream-2018-brought-54-million-new-crypto-users-despite-bear-market/

The crypto market may have taken a tumble this year, but that has not diminished interest in the nascent technology.

The number of crypto users has nearly doubled with the total number of users registered with cryptocurrency service providers rising from 85 million in 2017 to more than 139 million in the first three quarters of this year.

“Combining public data and survey findings, we estimate that the total number of user accounts at service providers amounts to at least 139 million in late 2018,” says the report.

This is a good news to crypto but just based on numbers without the details of the new crypto users, we cannot be happy yet, users grow that is the truth but if only we could know the average amount they are holding and etc details before we will know is this really a good thing to crypto.

[khufuking]

The real question is how many of those new Crypto users invested in Crypto? Or how much fresh money pumped into Crypto market compared to the number of new users?

The current situation is the real mirror of what is happening and the current situation says that there is a huge amount of money been transferred out of the Cryptocurrency market.

[DeKingCrypto]

Oh My God this is mind blowing, if we can welcome this in this bear market, tell me what will happen in a bull run, I love this, this has made my day.

[Niteroy]

Good infographics and shows the true attitude of people to cryptocurrencies. Statistics figures always show the true situation in any industry. I think that we will see the result of increasing interest in crypto currencies in the near future.

[Contagem]

If the trend continues, then we have a chance to see a big increase in cryptocurrency prices next year. With the increasing popularity of cryptocurrencies, the demand for them always grows, so I think that the market is now at the bottom and then it remains just to wait for its growth.