77% of Russian investors prefer Bitcoin to Gold and Forex

pergola

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Quote from: hd49728 on September 19, 2021, 09:59:19 AM

Quote from: pergola on September 19, 2021, 09:50:09 AM

What I say comes from my personal experience. Russians are heavily involved in Ponzi projects and many projects are created by them.
If we pay attention to crypto, we will see very few crypto projects from Russia, only a few successful projects and long-term commitments. WAVES is a typical project.

Russian developers are very talented and why only WAVES, did you forget the Ethereum project and Vitalik Buterin?

Telegram project as well. Russia has big developer communities and they are big country too. They have big contributions not only in crypto, blockchain technology but also in other industries and other areas of human civilization.

I don't think the Ponzi scheme should be blamed on Russian developers and we should not consider them as bad because of Ponzi. Ponzi exists everywhere. You can not say Bitcoin is bad because bad guys abuse Bitcoin for their Ponzi projects.

Ponzi exists everywhere. I agree with that.
Ethereum is a project from the US.
Telegram is a project from Russia but they are no longer registered in Russia. They move constantly so that they do not have to be controlled by any country.

hd49728

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Quote from: pergola on September 19, 2021, 09:50:09 AM

What I say comes from my personal experience. Russians are heavily involved in Ponzi projects and many projects are created by them.
If we pay attention to crypto, we will see very few crypto projects from Russia, only a few successful projects and long-term commitments. WAVES is a typical project.

Russian developers are very talented and why only WAVES, did you forget the Ethereum project and Vitalik Buterin?

Telegram project as well. Russia has big developer communities and they are big country too. They have big contributions not only in crypto, blockchain technology but also in other industries and other areas of human civilization.

I don't think the Ponzi scheme should be blamed on Russian developers and we should not consider them as bad because of Ponzi. Ponzi exists everywhere. You can not say Bitcoin is bad because bad guys abuse Bitcoin for their Ponzi projects.

pergola

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Quote from: Hypnosis00 on September 17, 2021, 10:48:11 AM

I don't know where you get that information, as a scam and any Ponzi Scheme will happen anywhere, we all can be a source of that.

Well, It was the people from Russia who got more interest in Bitcoin. They say Bitcoin is more profitable base on what they have experience and we've experienced it as well. I'm not going to be surprised as this investment has become known to most of us and on the internet.

What I say comes from my personal experience. Russians are heavily involved in Ponzi projects and many projects are created by them.
If we pay attention to crypto, we will see very few crypto projects from Russia, only a few successful projects and long-term commitments. WAVES is a typical project.
The Bitcoin and crypto participation of the people of Russia also comes from their experience. I agree with that.

Hypnosis00

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Quote from: pergola on September 17, 2021, 10:25:11 AM

Investing in gold is quite low return and it is like stable coin. Forex investing with high risk and return cannot be more attractive than Bitcoin.
As far as I know and my own experience, the majority of Ponzi investment websites are from Russia and they are holding a large amount of Bitcoin.
Russians also like to invest in things with great returns. Almost everyone likes Bitcoin, not just Russia.

I don't know where you get that information, as a scam and any Ponzi Scheme will happen anywhere, we all can be a source of that.

Well, It was the people from Russia who got more interest in Bitcoin. They say Bitcoin is more profitable base on what they have experience and we've experienced it as well. I'm not going to be surprised as this investment has become known to most of us and on the internet.

pergola

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Investing in gold is quite low return and it is like stable coin. Forex investing with high risk and return cannot be more attractive than Bitcoin.
As far as I know and my own experience, the majority of Ponzi investment websites are from Russia and they are holding a large amount of Bitcoin.
Russians also like to invest in things with great returns. Almost everyone likes Bitcoin, not just Russia.

hd49728

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Quote from: TWW on September 11, 2021, 10:04:16 AM

I think the creation of their own digital currency is an alternative to their people's trust in the government rather than having to take risks to enter the crypto market.
I think the attitude shown is also not wrong. because indeed in the crypto market we know how big the risk is for new people with no investment experience.
most crypto users in Russia will probably feel it. how to invest in the crypto market or another more profitable investment market.

They try to use the blockchain technology and renew their fiat currencies with CBDCs. It does not change the basics of their currencies, decreasing power over time. Purchasing power of the US. Dollar over time. Other fiat currencies have same trend because all fiat currencies are hyperinflated. They are controlled by governments that try to print as many as possible.

Quote from: Sithara007 on September 11, 2021, 10:05:22 PM

Yeah.. authoritarian countries such as China, Russia and India have this wet dream of replacing Bitcoin with their CBDC shitcoin. But these regimes fail to understand that fiat based coins can never act as a replacement for cryptocurrencies. The main attractiveness of Bitcoin is that it is protected against inflation. CBDCs are similar to fiat currency in this aspect and therefore they are not protected against inflation. No one will be ready to use these shitcoins, even if the regimes force people to use them.

Their CBDCs will make noise and when citizens have experience with their CBDCs, they will feel good with digital currencies. It will help them realize that what governments said about Bitcoin and crypto is wrong. They will gradually move from CBDCs to Bitcoin and real cryptocurrencies.

Two topics about CBDCs and stable coins.
[GUIDE] All About Central Bank Digital Currency (CBDC)
[GUIDE] Stablecoin Economy

Sithara007

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Quote from: mrongoz_imut on September 11, 2021, 09:51:53 AM

Although Russian investors are increasing betting on cryptocurrencies, the country's central bank continues to maintain a tough stance on crypto. In June, the Governor of the Bank of Russia, Elvira Nabiullina, named crypto as one of the most dangerous investment tools available today. While skeptical about private cryptocurrencies, Russia's central bank is currently focusing on developing the digital ruble, the central bank's digital currency project. The Russian bank is expected to enter trials in 2022.

Yeah.. authoritarian countries such as China, Russia and India have this wet dream of replacing Bitcoin with their CBDC shitcoin. But these regimes fail to understand that fiat based coins can never act as a replacement for cryptocurrencies. The main attractiveness of Bitcoin is that it is protected against inflation. CBDCs are similar to fiat currency in this aspect and therefore they are not protected against inflation. No one will be ready to use these shitcoins, even if the regimes force people to use them.

TWW

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Quote from: mrongoz_imut on September 11, 2021, 09:51:53 AM

Although Russian investors are increasing betting on cryptocurrencies, the country's central bank continues to maintain a tough stance on crypto. In June, the Governor of the Bank of Russia, Elvira Nabiullina, named crypto as one of the most dangerous investment tools available today. While skeptical about private cryptocurrencies, Russia's central bank is currently focusing on developing the digital ruble, the central bank's digital currency project. The Russian bank is expected to enter trials in 2022.

I think the creation of their own digital currency is an alternative to their people's trust in the government rather than having to take risks to enter the crypto market.
I think the attitude shown is also not wrong. because indeed in the crypto market we know how big the risk is for new people with no investment experience.
most crypto users in Russia will probably feel it. how to invest in the crypto market or another more profitable investment market.

mrongoz_imut

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Although Russian investors are increasing betting on cryptocurrencies, the country's central bank continues to maintain a tough stance on crypto. In June, the Governor of the Bank of Russia, Elvira Nabiullina, named crypto as one of the most dangerous investment tools available today. While skeptical about private cryptocurrencies, Russia's central bank is currently focusing on developing the digital ruble, the central bank's digital currency project. The Russian bank is expected to enter trials in 2022.

BOAEDAN

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is now increasingly popular among Russian investors. Recent surveys even claim that Russian investors are now increasingly choosing crypto investments over gold or forex. A local self-regulatory organization focused on the foreign exchange market, the Russian Association of Forex Dealers (AFD), recently conducted a survey of 502 investors. related to their interest in cryptocurrencies. As a result, nearly 77% of respondents said that cryptocurrencies such as Bitcoin, Ether (ETH), and Litecoin (LTC) are investments that have prospects in the future. Only 8.8% of respondents stated that they view gold as a the best investment, while 14% prefer forex or currencies.

electronicash

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Quote from: Wong Gendheng on September 11, 2021, 09:08:58 AM

Quote from: Bitcoin Seller on September 05, 2021, 10:48:15 PM

I am Russian and I can say that it is easier to enter the crypto market than to enter the forex or stock market. As sometimes you just need qualified investor status, sometimes you need to have a minimum amount of money which is also usually a quite big amount to start. Young guys are really in favour of progressive bitcoin. Moreover, I work in the crypto market and haven’t had to pay taxes yet, but with gold and forex there is an opposite situation.

When we invest in gold, forex, or stocks that have been officially registered by the state, of course there is strict supervision and an obligation to pay taxes, this is certainly inconvenient for beginners who have small money so crypto is the best solution to learn and start investing.

while true they are misled by the information that crypto couldn't be taxed. since Russia has a tight stance on Bitcoin, it will likely have stiff regulation on the crypto market upon seeing this result.

Bitcoin has been I'm the news every day. if the investors have heard of it before where BTC is bad-mouthed, they'd be more curious as to why it's on the news over and over. seeing BTC as a hedge to inflation makes investors interested more than the negative news about it.

Wong Gendheng

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Quote from: Bitcoin Seller on September 05, 2021, 10:48:15 PM

I am Russian and I can say that it is easier to enter the crypto market than to enter the forex or stock market. As sometimes you just need qualified investor status, sometimes you need to have a minimum amount of money which is also usually a quite big amount to start. Young guys are really in favour of progressive bitcoin. Moreover, I work in the crypto market and haven’t had to pay taxes yet, but with gold and forex there is an opposite situation.

When we invest in gold, forex, or stocks that have been officially registered by the state, of course there is strict supervision and an obligation to pay taxes, this is certainly inconvenient for beginners who have small money so crypto is the best solution to learn and start investing.

traderethereum

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Quote from: v3liana on September 11, 2021, 01:06:46 AM

23% of population that doesn't like or really know anything about bitcoin is boomers. They could care less if there already wealthy because there old and they just don't care about the new kind of investment like bitcoin, just look at Warren Buffet he said he just doesn't understand it.

We do not know the truth if Warren Buffet does not understand bitcoin or used bitcoin as his investment secretly.
But if bitcoin becomes popular, that can attract more people to use bitcoin as their investment.
Maybe those people need to accept a new thing that starts popular in other places and try by themselves so they can know if bitcoin is a scam or it can really help people make money.
If they are already wealthy, that does not mean they do not want to get more money, especially if they decide to invest in bitcoin.

BuNga_cute

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Quote from: so98nn on September 06, 2021, 12:02:25 AM

That is new learning for me. Considering 77% is huge number in any country at this point. So the day won’t be far from this point where Russia will be 100% in the crypto ventures and the infrastructure will be developed full fledged. May be this will make America to think about the crypto adoption and gain the power in a race of developments. I am saying this from the past experience where America always wanted to be ahead of Russia when there was time to reach the moon and launch the first manned mission. This race and urge to be ahead of that country made America go crazy about space programmes. Let’s be honest this can be true with the crypto adoption too and overall effect? Well rest of the countries get to enjoy the portion of infra because of their developments.

If 77% investors from Russia choose Bitcoin, I think it makes a lot of sense. Because many exchanges and projects are from Russia, it means that
Russian investors are aware that the crypto world can be profitable in the future. And I agree with you, that 77% is a very high percentage for
a country that has investors who prefer Bitcoin. I don't know the percentage of investors in America who prefer Bitcoin, there is a high probability too,
because the number of Bitcoin ATM machines in America is very large. This means that the crypto adoption process in America is quite massive
in my opinion, no doubt America always wants to be the best at anything, so in the future or even now both Russia and America are competing
to adopt crypto without all of us knowing. But it would be even better if the Russian or American government supported crypto, as El Salvador did.

v3liana

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23% of population that doesn't like or really know anything about bitcoin is boomers. They could care less if there already wealthy because there old and they just don't care about the new kind of investment like bitcoin, just look at Warren Buffet he said he just doesn't understand it.

Sithara007

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Quote from: Fortify on September 10, 2021, 01:59:07 PM

It is definitely understandable considering the environment that most Russian's live in. Having physical assets that can be stolen by criminals or the government very easily makes precious metals a big no-no. Forex has always been an extremely risky endeavor that is only profitable for the very few and again, if you are successful a nosy government official might easily seize your bank accounts for their personal benefit. That leaves Bitcoin/cryptocurrency as a very desirable asset that is easy to access across borders and allows them to move money out of Russia while in their full control. It is almost the perfect counter to a totalitarian and authoritative regime - decentralized banking.

I have read that in Russia there were incidents of robbery on village churches, where orthodox relics are hosted. So you can imagine the case if someone has a lot of gold or silver bars in his possession. The national currency is less valuable when compared to toilet paper. The Ruble has lost around 60% of its value during the last 7 years. Worst hit are the pensioners and senior citizens, who have most of their savings in the form of fiat bank deposits. And ironically, this is the same group of people who are most opposed to Bitcoin.

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In a country wherein you need to gain the trust of the government in order to expand your business, it’s not surprising that the majority of those who have the financial capabilities to invest and take a risk prefer bitcoin. In Russia, only those who have made significant contributions to the administration can prosper, and those who don’t will have a hard time making it out of the hell hole. Bitcoin provides an avenue for people who don’t have the means to do the government a favor reach financial freedom for themselves.

Then again, the Russian government is ever so strict on its stance re: cryptocurrencies, so bitcoin is, IMO, still not a safe investment if you are a Russian citizen without planning to go out of the country.

Fortify

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Quote from: Nathrixxx on September 04, 2021, 06:29:05 PM

Though am not a Russian but when it comes to reality and technical development I love the country and I wish others too should follow up the trail in support for btc, it surprised me and I feel bad when I hear some countries are yet to support the move for btc adoption, why?... Is it under-development or lack of civilization, here in this article one of the Russian's self regulatory organization called Russian's Association of Currency Brokers made in a statement that the Bitcoin investment is preferred to Gold and forex.

If a country can lead the move in support for crypto, then the young agile populating youths will take the challenge for emulation. Crypto is not a scam, it's a new development launch of digital currency and it's going world wide on acceptability with full operational usage.

It is definitely understandable considering the environment that most Russian's live in. Having physical assets that can be stolen by criminals or the government very easily makes precious metals a big no-no. Forex has always been an extremely risky endeavor that is only profitable for the very few and again, if you are successful a nosy government official might easily seize your bank accounts for their personal benefit. That leaves Bitcoin/cryptocurrency as a very desirable asset that is easy to access across borders and allows them to move money out of Russia while in their full control. It is almost the perfect counter to a totalitarian and authoritative regime - decentralized banking.

Renampun

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I believe the number is more than 77%...

cryptocurrency really attracts the attention of the world especially one of the creators of the world's number 2 cryptocurrency comes from Russia (vitalik buterin) which is sure to inspire Russians. Russia is an influential country and this is encouraging news imo.

hd49728

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Let's see how other assets lose their values against Bitcoin. They are gold, crude oil, SP500. Source

Another article in 2020 presents that people are aware and realized the more expensive value of Bitcoin. They think more when making transactions and they have to change from Bitcoin to satoshis for transactions.

An unprecedented experiment in fair distribution

You can check the chart for Satoshi per dollar: https://stats.buybitcoinworldwide.com/satoshi-per-dollar/

They all represent a same fact, Bitcoin & satoshi are increasing in their values.

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