Topic: (36%) of U.S. investors would consider buying bitcoin (Read 311 times)
You see the fatal flaw in this survey question is the way it was asked to them. "Would you buy Bitcoin?" is totally different compared to “Would you consider buying Bitcoin?” as it made the result a lot more inaccurate on knowing who on the U.S. investors are really interested in Buying Bitcoin. I have seen this question asked in the UK and they have similar numbers compared to them but until now we don't see any major developments happening in both countries.
it is a good news definitely, to see rise of this figure from poll to poll
percent is high, considering is not buying, but with this figure considering it, we will see influx of buyers on the market, penetration is significantly below these numbers at the moment
"consider is not buying" But in analysis, it is a good omen for bitcoin. Just imagine bitcoin of 10 years old been considered as an alternative to the gold that has been with us from the beginning of creation and people including me prefer to own it than gold! It is awesome to me and bitcoin is going to replace gold in the future. percent is high, considering is not buying, but with this figure considering it, we will see influx of buyers on the market, penetration is significantly below these numbers at the moment
Well, I can't blame them for that. Americans had been told for years that Bitcoin is a bubble and that investing in it is insanity. Most of them had listened to the advice of "experts" and never invested in Bitcoin, but those who decided to take risks despite the persistent cautions, have made good money along the way.
And now, when BTC after dropping from almost $20k to almost $3k has started rising again instead of going to zero, as those experts predicted, people have decided to stop believing them. Quite a logical decision, if you ask me.
Except they don’t understand the technology of bitcoin fully because if they do, I am not sure that anyone will be able to talk them out of investing in bitcoin or using it as payment system when they know that the se of bitcoin fully protects the user again anyone knowing about the transaction. So, if they really had interest in it from the onset, then they should have already invested in it long time again when they had the chance. And now, when BTC after dropping from almost $20k to almost $3k has started rising again instead of going to zero, as those experts predicted, people have decided to stop believing them. Quite a logical decision, if you ask me.
This figure is really good if these 36% are interested in investing in bitcoin now, it could make the price of bitcoin dramatically increase overtime, because when it comes to investing big times, Americans are good at it, they don’t invest with little money but heavy investment.So we need to encourage those 36 percent to consider bitcoin as soon as possible.
Bitcoin got a lot of coverage since 2017 so more people by now know how it operates. Investors likely saw that after a rather huge fall it is recovering and still seems like it'll be around for some time. Now add all the drama from the trade wars and news about certain countries planning on returning to the gold standard and we can see why they are more "open-minded" to alternative investments like crypto.
This is kinda expected. The younger you are the more you can afford getting into risky investments since you still got time recover losses. Thing is, people are living longer these days and most of the time what the elderly has saved isn't enough.
I've seen people who's pensions and dividends only cover their medications. It's sad really. If they do have some spare money, I don't see any reason they shouldn't speculate.
Consideration could just mean reading a little article about bitcoin. The actual number of people that will put their money on the line after seeing something drop over 80% is still really low. Elderly people don't want to risk their live savings on something so speculative. If you already have a nice amount of wealth saved up there is no point to risk it on one of the riskiest assets, no one knows how long bitcoin will last.
This is kinda expected. The younger you are the more you can afford getting into risky investments since you still got time recover losses. Thing is, people are living longer these days and most of the time what the elderly has saved isn't enough.
I've seen people who's pensions and dividends only cover their medications. It's sad really. If they do have some spare money, I don't see any reason they shouldn't speculate.
Considering and really buying is poles apart , but seeing this number increase over the years is a good thing for not only US but the whole world because trust me many countries follow US.
The only loop hole is them being ridiculously double sided when it comes to cryptocurrencies , you could see one investing in it and as soon as it's given a bad reputation they follow this .
This sheep trail regarding the cryptocurrencies does very less good .
But Gold still holding it's investors high despite slow growth just shows us how people are favouring less risk , less profit situations.
The only loop hole is them being ridiculously double sided when it comes to cryptocurrencies , you could see one investing in it and as soon as it's given a bad reputation they follow this .
This sheep trail regarding the cryptocurrencies does very less good .
But Gold still holding it's investors high despite slow growth just shows us how people are favouring less risk , less profit situations.
Since US is somehow a model of others in terms of investments then some people should be able to open up their minds and follow choosing the cryptocurrency a choice for their investments. This kind of events is somehow helping to the crypto community.
At this point it doesn't matter what Trump thinks or says about Bitcoin. His days as president are numbered. Everybody knows it, except for the people who make bets on the US Presidential Election in 2020. 
I mean, seriously, I bet on "Others". Anyone but Trump is going to be elected.
It matters what Trump thinks about Bitcoin because he will very likely tweet about it and therefore generate a lot of worldwide publicity. Hundreds of millions of people will know that he Tweets about it, which is some crazy exposure. I mean, seriously, I bet on "Others". Anyone but Trump is going to be elected.As for Trump not becoming the president for another term, it's impossible to say or know with how he became president while not many people thought he had a shot. Don't just assume that everybody thinks like you.
I actually believe that there is a realistic shot for Trump being president for one more term. He might be one of the weirdest presidents in US history, but maybe that's exactly what they need over there.
Not sure how accurate that survey is. Previous surveys have showcased that 10 percent of the US people have BTC, which seems a bit farfetched. Could be possible, but 1/10 people owning BTC sounds almost impossible to me, especially the number of crypto companies that restrict US users from using them
I don't think it is impossible since as back as 2013-2014 Coinbase (a US-based company as far as I remember) had been running a massive ad campaign giving out free bitcoins (not literally bitcoins, more like 0.001 BTC but you get the point), so it is not completely impossible that a significant part of the American population registered with this wallet. There likely were other promotions of this kind as Coinbase is not the only pebble on the American beach (or coast)
Now all these people seemingly made it into statistics
Wow, if Americans really believe in bitcoin, I believe they will make this market grow stronger than ever.
America has many legendary investors and very talented technology developers. If they focus on the crypto market, I believe Bitcoin will have a price above $ 50k very soon.
They will only believe if their government is supportive, people will not just invest when there is no clear regulation about crypto, and they want to get protected knowing crypto is a high risk form of investment, let's hope that trump is not serious with his statement against bitcoin. America has many legendary investors and very talented technology developers. If they focus on the crypto market, I believe Bitcoin will have a price above $ 50k very soon.
At this point it doesn't matter what Trump thinks or says about Bitcoin. His days as president are numbered. Everybody knows it, except for the people who make bets on the US Presidential Election in 2020.
I mean, seriously, I bet on "Others". Anyone but Trump is going to be elected.Regarding the current situation with Bitcoin in the US, check out this news:
Any U.S. resident with a government-issued I.D. can now trade futures contracts for real bitcoin.
Wow, if Americans really believe in bitcoin, I believe they will make this market grow stronger than ever.
America has many legendary investors and very talented technology developers. If they focus on the crypto market, I believe Bitcoin will have a price above $ 50k very soon.
They will only believe if their government is supportive, people will not just invest when there is no clear regulation about crypto, and they want to get protected knowing crypto is a high risk form of investment, let's hope that trump is not serious with his statement against bitcoin. America has many legendary investors and very talented technology developers. If they focus on the crypto market, I believe Bitcoin will have a price above $ 50k very soon.
There is no mistake here; the trend is that there is an increasing number of people who are getting curious and will soon be entering the cryptocurrency marketplace and of these people a big percentage will be opting to go with Bitcoin before considering the alts. Surveys after surveys are already confirming this strong trend though they might be coming up with different sets of numbers and percentages. Once the global economy will be starting to slowdown or tank then we can experience a surge of investments in many crypto-based assets. People who are not yet on the bandwagon should start now thinking on how they can be a part of this coming boom -- hopefully in 2020 there can be a big turnaround for the whole industry as it is building the necessary infrastructure right now.
I am not much excited with this news. According to the source, some 21 million would consider purchasing Bitcoin. The current number of Bitcoin users in the United States is somewhere close to this figure (or may be even higher than this). It is the demographic breakup that matters. I want to know how many of the middle-aged investors would be ready to invest in Bitcoin, when compared to those in their teens and early 20s. I suspect that a disproportionately high number may be from the under-30 age group, and that will reduce the volume of the available funds.
The good news here is that the number of Bitcoin users have risen over the past two years (despite the steep correction during 2018-19) and the public sentiment remained positive. Hopefully these figures will get better with the upcoming block reward halving.
The good news here is that the number of Bitcoin users have risen over the past two years (despite the steep correction during 2018-19) and the public sentiment remained positive. Hopefully these figures will get better with the upcoming block reward halving.
It does not need to be accurate but the fact that there are a lot of investors who are interested in investing with bitcoin, I see that as a good thing for the market. When they are interested, that's the time that our dream of having institutional investors might come into reality and we know how big it will positively affect the market.
Not sure how accurate that survey is. Previous surveys have showcased that 10 percent of the US people have BTC, which seems a bit farfetched. Could be possible, but 1/10 people owning BTC sounds almost impossible to me, especially the number of crypto companies that restrict US users from using them.
I'd like to see a future where most online stores based in the US accept BTC, and people support the technology behind BTC, and don't just see as an investment option.
That sounds kind of low. I wonder what the reason for the 64% not wanting to invest is.
Probably a lot of people that aren't technologically advanced and are not interested in learning about new online investment options and would rather stick to traditional investments like gold, stocks or bonds. United states citizens are actually one of the many country’s citizens that fully understand the technology of bitcoin perfectly well and it really suits their situation more, because when it comes to Americans, they pay task a lot, and with bitcoin payment system, this would be limited to zero completely. I think trump must have seen the adoption rate coming so high which is why he quickly ushered in those negative words about bitcoin, but it is already too late because many countries are now becoming very friendly with the technology of cryptocurrency.
I am sure that in near future, the percentage of adopters from US will be higher than every other countries and I don’t know why Binance is making such mistake of getting the US citizens out of their exchange when it is now that they will be more useful to them. Well, they have coinbase.
I wouldn't say that the US people understand BTC and how decentralization works due to the large numbers of people who support companies like Coinbase (which literally goes against what BTC was made to do). Although, I do see a lot of updates and changes to the regulations of crypto-currencies and this is good for the scene on the whole.I am sure that in near future, the percentage of adopters from US will be higher than every other countries and I don’t know why Binance is making such mistake of getting the US citizens out of their exchange when it is now that they will be more useful to them. Well, they have coinbase.
I'd like to see a future where most online stores based in the US accept BTC, and people support the technology behind BTC, and don't just see as an investment option.
That sounds kind of low. I wonder what the reason for the 64% not wanting to invest is.
Btw I still didn't understand why people compare gold to bitcoin, despite the fact that they are investment options, they are far more different from each other.
It's just how Bitcoin is growing as an alternative to Gold, hence people referring to it as Gold 2.0 or digital Gold. I don't mind it at all (I refer to Bitcoin as digital Gold too) because both serve quite a similar purpose in the way that people buy it to hedge fiat and think it's a safe haven asset in times of political chaos, etc.
Gold's industrial demand is very low compared to its speculative/store of value demand. I am certain that Gold will keep increasing throughout the years, which means that its industrial demand will keep shrinking further. Gold bugs praise its industrial demand, but it's going to lose more and more in that field. Alternative metals will be used because Gold will be too expensive to use in every day electronics.
United states citizens are actually one of the many country’s citizens that fully understand the technology of bitcoin perfectly well and it really suits their situation more, because when it comes to Americans, they pay task a lot, and with bitcoin payment system, this would be limited to zero completely. I think trump must have seen the adoption rate coming so high which is why he quickly ushered in those negative words about bitcoin, but it is already too late because many countries are now becoming very friendly with the technology of cryptocurrency.
I am sure that in near future, the percentage of adopters from US will be higher than every other countries and I don’t know why Binance is making such mistake of getting the US citizens out of their exchange when it is now that they will be more useful to them. Well, they have coinbase.
I am sure that in near future, the percentage of adopters from US will be higher than every other countries and I don’t know why Binance is making such mistake of getting the US citizens out of their exchange when it is now that they will be more useful to them. Well, they have coinbase.
To be fair it's not surprising to see that the number of investors are significantly increasing in bitcoin. This cryptocurrency deserves even much more attention that it has nowdays, along with blockchain technologies.
Btw 36% isn't small number but at the same time Trump isn't fan of bitcoin, seems a little conflict there.
Btw I still didn't understand why people compare gold to bitcoin, despite the fact that they are investment options, they are far more different from each other.
Btw 36% isn't small number but at the same time Trump isn't fan of bitcoin, seems a little conflict there.
Btw I still didn't understand why people compare gold to bitcoin, despite the fact that they are investment options, they are far more different from each other.
They are only figures that will not have an impact on the market, unless that "would" turn to the will or have invested we will see a different market and possible another all-time high in the making, something should happen to make that 32% invest in Bitcoin.
more than a third (36%) of U.S. investors would consider buying bitcoin, representing a potential market of more than 21 million investors in the general population.
Well, I can't blame them for that. Americans had been told for years that Bitcoin is a bubble and that investing in it is insanity. Most of them had listened to the advice of "experts" and never invested in Bitcoin, but those who decided to take risks despite the persistent cautions, have made good money along the way.
And now, when BTC after dropping from almost $20k to almost $3k has started rising again instead of going to zero, as those experts predicted, people have decided to stop believing them. Quite a logical decision, if you ask me.
If they only look at the price history, then they'd be fine with buying $1000 and wait for 5 years. $1000 is probably a very small amount if you've already built enough wealth before, and the risk-reward ratio is really good. You won't get %500 in 5 years with traditional investment. At best, it would probably give you x2, or 50% from your initial investment. But that's fine because if you invest 500 million you'd get 250 million.
That's how people will think, probably. Set a limit to invest in risky assets and invest more on less risky but guaranteed returns.
That's how people will think, probably. Set a limit to invest in risky assets and invest more on less risky but guaranteed returns.
Consideration could just mean reading a little article about bitcoin. The actual number of people that will put their money on the line after seeing something drop over 80% is still really low. Elderly people don't want to risk their live savings on something so speculative. If you already have a nice amount of wealth saved up there is no point to risk it on one of the riskiest assets, no one knows how long bitcoin will last.
Technically we know how long Bitcoin will last so at least we can answer that. Of course, elderly might can want to spend their retirement plan to some less riskier traditional investments. But maybe just a small percentage are willing to invest still maybe 10% of their total asset to see how it goes.
@deisik put a good argument, as human, we always seek adventure even as we age. And just imagine milennials and young generations who have accumulated wealth very early, it's possible that they can see bitcoin or crypto in general as a good choice to park their money, IMHO.
If you already have a nice amount of wealth saved up there is no point to risk it on one of the riskiest assets, no one knows how long bitcoin will last
It seems to remain an open question still
In fact, when you have already accumulated a significant amount of wealth with some less risky asset or assets (like government bonds, gold, etc), your appetite for riskier assets is likely to increase, which is somewhat counterintuitive. It's something like the law of diminishing marginal utility applied to wealth accumulation. According to this law, it can be said that the more wealth you already gathered, the less interested you become in gathering it with your current instruments as you will necessarily be earning less and less percentage wise over years. So you are kinda pushed towards riskier investments and assets which could offer you a more satisfying percentage (compared to what you have already secured)
I would consider building a mansion by the sea side in a very quiet island. But that's just mere thinking about it. In actuality I may not even build that house if I have the funds tomorrow.
It's one thing to "want to invest" and another to "consider to invest." When thoughts crosses a person's mind, he can consider to act or not to act on it.
It's one thing to "want to invest" and another to "consider to invest." When thoughts crosses a person's mind, he can consider to act or not to act on it.
Baby steps, that's all we can really ask for. Back in 2010, can you imagine what this percentage would be? Less than 1%, I'm sure. Back in the day, people saw Bitcoin as a novelty, a Ponzi scheme, a currency for criminals. In just 10 years, 36% of investors are open to it? Pretty amazing if you ask me!
It is surprising to see an increasing number of those who know Bitcoin (& cryptos) and some of them are seriously considering investing in it.
It is not a big surprise to see more people wanting to invest in bitcoin, if you look at the performance of financial assets in the past two years you will understand that bitcoin has outperformed all other financial assets by a large margin and hence you will find many investors to have bitcoin in their portfolio even though it is a highly volatile asset people would add bitcoin to their portfolio simply because of the returns it can give in a short period of time and with proper financial asset manager the risk will reduce considerably. Consideration could just mean reading a little article about bitcoin. The actual number of people that will put their money on the line after seeing something drop over 80% is still really low. Elderly people don't want to risk their live savings on something so speculative. If you already have a nice amount of wealth saved up there is no point to risk it on one of the riskiest assets, no one knows how long bitcoin will last.
The numbers in surveys like this isn't always as accurate but its something to gauge. More people are going to cryptocurrency investment when they learn about it and Its those believers that we are after. We can leave the traditional people be traditional but come the adoption as its gradual, they will start learning all these cryptocurrency technology thru the phones.
I would consider building a mansion by the sea side in a very quiet island. But that's just mere thinking about it. In actuality I may not even build that house if I have the funds tomorrow.
It's one thing to "want to invest" and another to "consider to invest." When thoughts crosses a person's mind, he can consider to act or not to act on it.
It's one thing to "want to invest" and another to "consider to invest." When thoughts crosses a person's mind, he can consider to act or not to act on it.
Consideration could just mean reading a little article about bitcoin. The actual number of people that will put their money on the line after seeing something drop over 80% is still really low. Elderly people don't want to risk their live savings on something so speculative. If you already have a nice amount of wealth saved up there is no point to risk it on one of the riskiest assets, no one knows how long bitcoin will last.
it is a good news definitely, to see rise of this figure from poll to poll
percent is high, considering is not buying, but with this figure considering it, we will see influx of buyers on the market, penetration is significantly below these numbers at the moment
percent is high, considering is not buying, but with this figure considering it, we will see influx of buyers on the market, penetration is significantly below these numbers at the moment
Considering and really buying is poles apart , but seeing this number increase over the years is a good thing for not only US but the whole world because trust me many countries follow US.
The only loop hole is them being ridiculously double sided when it comes to cryptocurrencies , you could see one investing in it and as soon as it's given a bad reputation they follow this .
This sheep trail regarding the cryptocurrencies does very less good .
But Gold still holding it's investors high despite slow growth just shows us how people are favouring less risk , less profit situations.
The only loop hole is them being ridiculously double sided when it comes to cryptocurrencies , you could see one investing in it and as soon as it's given a bad reputation they follow this .
This sheep trail regarding the cryptocurrencies does very less good .
But Gold still holding it's investors high despite slow growth just shows us how people are favouring less risk , less profit situations.
It is surprising to see an increasing number of those who know Bitcoin (& cryptos) and some of them are seriously considering investing in it.
This quote from digital currency asset manager Grayscale Investments found :
A survey found that there is a significant crossover between BTC and gold investors in these values:
Read More & Source -----> There Could Be A Sudden Influx Of Bitcoin Investors
This quote from digital currency asset manager Grayscale Investments found :
more than a third (36%) of U.S. investors would consider buying bitcoin, representing a potential market of more than 21 million investors in the general population.
A survey found that there is a significant crossover between BTC and gold investors in these values:
Quote from: forbes.com/sites/billybambrough/2019/07/25/there-could-be-a-sudden-influx-of-bitcoin-investors/#4e509a3a2ece
Some 69% of investors interested in bitcoin see gold as a good investment (versus 55% of all investors) and 65% say they definitely or probably would invest in gold (versus 41% of the general pool).
Read More & Source -----> There Could Be A Sudden Influx Of Bitcoin Investors
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