Topic: 77% of Russian investors prefer Bitcoin to Gold and Forex (Read 443 times)

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.

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.

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.

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 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.

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. 

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.

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.

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.

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.

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.

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.

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.

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.

If Bitcoin is so popular, then why its marketcap is only a fraction of gold's marketcap?

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.

this is very excited and shocking the Russian government.  it is clear that a significant increase occurred at a rapid time, in recent years people have started to switch investments to crypto.. 

The Russian government in power can't do much about this happening phenomenon..

this is very excited and shocking the Russian government.  it is clear that a significant increase occurred at a rapid time, in recent years people have started to switch investments to crypto.. 

The Russian government in power can't do much about this happening phenomenon..

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.

I did it in 2018 i sold all the gold and i bought bitcoin, i believe that i invest in bitcoin more profit than i invest in gold and it has been proven now i have enjoyed the profit from bitcoin investment.
Only people who don't understand bitcoin choose gold investment.

I did it in 2018 i sold all the gold and i bought bitcoin, i believe that i invest in bitcoin more profit than i invest in gold and it has been proven now i have enjoyed the profit from bitcoin investment.
Only people who don't understand bitcoin choose gold investment.

As people will come to know about bitcoin, they will sell their gold and investments in forex and buy more bitcoin and crypto.

People already know that there is more return in bitcoins as compare to any other assets.

Here's my theory why they prefer it as an investment. Bitcoin and other cryptocurrencies are a good way to evade your taxes if you invested your money in the right cryptocurrencies, to make my theory a bit credible if it's not, I think the corruption of oligarchs in Russia goes unchecked as Putin don't see anything wrong with that.

Gold is less volatile than Bitcoin.

Forex is too volatile and with same risk from leverage as of crypto market but you can not find transparency with public ledger from any asset that is trading on Forex.

With Bitcoin, you can do many things. Whale alerts, on-chain analysis and more things.

Volatility of price is attractive for traders and investors but one more attractive thing is Bitcoin is safer than Forex. You can check information, news from public ledger and on chain analysis.

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?

"Russian investors" is a fairly vague term. I am a US investor, so is Warren Buffett but, we really don't have much in common.
I have a friend who is a stock broker / investment advisor. She spends more time reading financial information in a day then I do most months. Due to regulations, a lot of time she can't invest her money where she is putting her clients money. But she controls 10s of millions of dollars of OPM. In terms of investing I don't have a lot in common with her or her clients either.

So, what type of "Russian investors" are we talking. The Buffett type the Dave type or the Dave's friend type?

-Dave

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...

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?...

Despite the growing interest in crypto in Russia, the country’s central bank and regulators continue to maintain a tough stance on crypto.

77% of Russian investors prefer Bitcoin to Gold, survey reveals
A survey conducted by the Russian Association of Currency Brokers (AFD) has revealed that most Russian investors prefer Bitcoin to gold and forex.

The local self-regulatory organization polled 502 Russian investors to evaluate local investor sentiment regarding cryptocurrencies. Nearly 77% of the respondents said Bitcoin and other cryptocurrencies are the "most forward-looking" investment on their radar. There appears to be a wide interest gap between Bitcoin, gold, and forex, as the two latter options attracted just 8.8% and 14%, respectively.

Only 23% of respondents have not been exposed to digital currencies ever. Among these, over 77% were considering investing in crypto in the near future, while only 7.6% were strongly opposed to investing in crypto. The remaining 15% remain undecided on the issue.

AFD head Evgeny Masharov stated that the survey clearly indicates that Russian investors now consider digital financial assets as a genuine investment rather than just a “hype product.”

The survey results will be sent to the Bank of Russia and the State Duma Committee on Financial Markets, according to the AFD.

Despite the growing interest in crypto in Russia, the country’s central bank and regulators continue to maintain a tough stance on crypto.

BTC PEERS reported that Russian regulators were beginning to track crypto transactions earlier in August. The Central Bank of Russia also expressed concerns over the rise in the number of investors seeking Bitcoin exposure, likening the digital asset to a minefield.

Although skeptical about private cryptocurrencies, the Russian central bank is currently focused on developing its central bank digital currency project dubbed the “Digital Ruble” which is expected to enter trials in 2022.
https://btcpeers.com/77-of-russian-investors-prefer-bitcoin-to-gold-survey-reveals/?utm_source=thecryptoapp