[2019-11-13] Bitcoin Getting Favored by Retirees in Australia Despite Volatility - page 2.

LeGaulois

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The title is quite misleading. It gives readers the feeling that senior people in this country are investing in cryptos but here is a quote directly from the survey that kills everything then.

Quote

about 2.5 percent of retirees in Australia intend to get some crypto in the next half-a-year.

All this for only 2.5%... and they intend, not they did.

That said, I know someone there, he's 68 years old and someone very active on the internet. He never wanted to believe in Bitcoin potential, since about 2017 he collects free bitcoins from faucets and other earnings websites Cheesy

stomachgrowls

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Quote from: hello_good_sir on November 13, 2019, 03:48:45 PM

Even though the stats here are likely way out of date, with there likely being of bias when it comes to conducting these surveys, I don't doubt that bitcoin is quickly becoming fairly popular for the growing Australian population.

It's already a fact that a lot of the venture funds or retirement fund managers are starting to lean toward the crypto side of things, and the Australian government is handling it very well, and allowing the currency to actually see some use and flourish, mostly leaving it to the companies to pick and choose.

Its not actually bias but rather it wont really be that accurate and as said above this do only being surveyed by just hundreds of those retirees.
So not typically a news that you should really be cared about.I do even believe that most of them are just being dragged with the hype of crypto
but im sure that when market tend to go into the opposite way, survey result wont really be the same.

hello_good_sir

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Even though the stats here are likely way out of date, with there likely being of bias when it comes to conducting these surveys, I don't doubt that bitcoin is quickly becoming fairly popular for the growing Australian population.

It's already a fact that a lot of the venture funds or retirement fund managers are starting to lean toward the crypto side of things, and the Australian government is handling it very well, and allowing the currency to actually see some use and flourish, mostly leaving it to the companies to pick and choose.

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legendary

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2.5% of the retirees intend to get some crypto in the next half year? I find that hard to believe as that generally is the category to not pay much attention to speculative assets such as crypto.

I wonder how they exactly measured that. Probably just another survey with a few hundred participants, and they were probably excited (read, more bullish) due the increase some months ago. I'm quite sure that if the survey was conducted today the results wouldn't be completely different. Common joes like to buy what they see go up, but ignore what goes down.

bL4nkcode

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Bitcoin Getting Favored by Retirees in Australia Despite Volatility: Report

A report made by the crypto exchange Independent Reserve says that Australians in their mid-sixties are more and more often turning their glance towards crypto, such as Bitcoin and Ethereum, as their retirement investment.

https://u.today/bitcoin-getting-favored-by-retirees-in-australia-despite-volatility-report

Topic: [2019-11-13] Bitcoin Getting Favored by Retirees in Australia Despite Volatility - page 2. (Read 295 times)