as it has been proven in the past, monkeys are able to make bigger profits than professional traders
https://www.wsj.com/articles/SB991681622136214659
Topic: Crypto traders beaten by girls - page 6. (Read 837 times)
survey data! I would made attention, this is not an analysis with data, so I would take such info very carefully, precisely because there is no scientific methodology.
as it has been proven in the past, monkeys are able to make bigger profits than professional traders
https://www.wsj.com/articles/SB991681622136214659
as it has been proven in the past, monkeys are able to make bigger profits than professional traders
https://www.wsj.com/articles/SB991681622136214659
How many women participated in the survey? I do have a friend from Singapore and fortunately, she is a girl and aware of the name bitcoin but still thinks its something related to a scam even though I talked to her about that a week ago if I am not wrong so that is what the status is when we are talking about majority so don't differentiate men and women here, cause even both combined we still need mountains to climb to reach some milestone.
There is a compelling fact that this survey is wrong because its results are not accurate which is something we should all look at in the meantime because women do not have the resilience for long term most especially when the odds are going against them, trading is a volatile adventure that requires much input and waiting period, women may not have that time, and tend to lose interest in a short period. 
Adoption has increased because most women stay at home, I think it is the right decision for women to enter the crypto world which does not require as much energy as jobs out there, women in a country like Singapore certainly have a high level of education and understanding so they are women it understands how crypto can provide them with an income that is more than their husband or father's salary. I'm not saying that men are low but they are average in orientation thinking about physical strength and suit or field.
I think that's a factor of the rampant adoption. in terms of why women gain more, I think because basically women have tenacity, patience and thoroughness in financial matters and as we can see, for example, women often bid on goods when shopping anywhere, so the risk-taking and strategic approaches are quite effective and generate more profits. than most men do.
I think that's a factor of the rampant adoption. in terms of why women gain more, I think because basically women have tenacity, patience and thoroughness in financial matters and as we can see, for example, women often bid on goods when shopping anywhere, so the risk-taking and strategic approaches are quite effective and generate more profits. than most men do.
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Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
If an exchange who has conducted mandatory KYC has released a report then that would be considered authentic but this is just a theory that some of the users that participated in the self reported survey claim that they are female but considering Singapore government has a positive attitude towards the entire cryptocurrency space, the rest of the things said in the article might be true that they are positive in the long run and would diversify their portfolio in the coming years. Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
I managed to find the source document, the downloadable pdf of the Independent Reserve Cryptocurrency Index 2023 can be found here:
https://www.independentreserve.com/blog/news/independent-reserve-cryptocurrency-index-irci-singapore-2023 (they're asking for name and email, but you can put anything there)
Other than the topic discussed, there are quite a lot of other, interesting stats in there. Here are a few:
- 91% of Singapore residents are aware of at least one cryptocurrency.
- the crypto that Singaporeans are most aware of is Bitcoin, with 87% recognition
- 65% of Singaporean residents earning $5,000 or more monthly have invested in crypto
- 60% of crypto investors stated Bitcoin as their preferred crypto
I’m not sure I believe how accurate this data is, but if I were to make an assumption about why it could be true… I would say that historically speaking the holders of Bitcoin have done quite well where traders have not. So perhaps women are buying and stacking while men think they can trade and outperform leaving them to find out the hard way that isn’t easy. Seems logical to me.
You could be spot on here. The survey was done on "unbiased sample of everyday Singapore residents", so casual people rather than skilled traders. And when you're not skilled and can't do a proper analysis, it's best to invest in well-established crypto and just sit on your hands until profit. Women with their higher risk aversion are more likely to do that.
That being said, since the results are self-reported, I wouldn't be surprised if both groups were lying big time. The survey was conducted in February 2023, when crypto is still in the bottom as compared to its ath, so the range of 70%-80% of people making a profit sounds highly improbable, unless they only considered changes in value in the lat month or something like that.
"Singaporean women ‘outperforming’ men in crypto trades, survey reveals"
https://cointelegraph.com/news/singaporean-women-outperforming-men-in-crypto-trades-survey-reveals
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
"As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men"
Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
Although I could doubt the survey results, one fact is that regardless of their gender, it is always possible to engage in trading or investing in crypto. Even if the government can confirm some genders, there is always the possibility of getting them in investment and trade.https://cointelegraph.com/news/singaporean-women-outperforming-men-in-crypto-trades-survey-reveals
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
"As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men"
Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
Investing and trading is about realizing one's potential of possible returns, so it doesn't matter who outperforms who including gender. We also won't know for sure that in the long term the forum will also have more women than it does now.
How many women participated in the survey? I do have a friend from Singapore and fortunately she is girl and aware of the name bitcoin but still thinks its something related to scam even I talked to her about that a week ago if I am not wrong so that is what the status when we are talking about majority so don't differentiate men and women here, cause even both combined we still need mountains to climb to reach some milestone.
Maybe your girl friend is only among of those 24 percent who didn't believe in crypto. Bitcoin is not new anymore and I rarely heard news that Bitcoin itself is involved in scams but it was only other cryptos or companies. Bitcoin value declined by some percent but it's just normal.If your friend or someone is truly curious about something else, they better investigate further to know the truth and don't just believe on what they see online or in the media because not all of them are true. We are not talking about achievements or milestones but the topic is only showing that girls are now outperforming boys when it comes to crypto trading. There is nothing is wrong with it but some men are proud of it in fact.
"Singaporean women ‘outperforming’ men in crypto trades, survey reveals"
https://cointelegraph.com/news/singaporean-women-outperforming-men-in-crypto-trades-survey-reveals
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
"As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men"
Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
There are two things that come to mind which could explain this statistic, the first one is that as you mention maybe there is a difference on the risks taken and women are investing more on bitcoin while men are taking their chances with altcoins, another explanation could be that maybe the number of women investing in this market has increased recently and they were able to buy most of their holdings during the 2022 bear market for a cheap price, while the men are still suffering from the aftereffects of buying during the bull run and they are still losing some money.https://cointelegraph.com/news/singaporean-women-outperforming-men-in-crypto-trades-survey-reveals
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
"As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men"
Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
Whatever the reason, I'm glad there are more women investing in crypto. Bitcoin has brought us equality between the poor and the rich, where everyone can invest in bitcoin and have the same chance to become rich, unlike other assets that can only invest when we have a substantial amount. Likewise, we should also have more female investors to make things more equal. What we can do, women can do better than us. I would love to read these news, I will tell my wife this, I also want her to enter the market, but I can't convince her yet.
I’m not sure I believe how accurate this data is, but if I were to make an assumption about why it could be true… I would say that historically speaking the holders of Bitcoin have done quite well where traders have not. So perhaps women are buying and stacking while men think they can trade and outperform leaving them to find out the hard way that isn’t easy. Seems logical to me.
"Singaporean women ‘outperforming’ men in crypto trades, survey reveals"
https://cointelegraph.com/news/singaporean-women-outperforming-men-in-crypto-trades-survey-reveals
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
"As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men"
Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
There are two things that come to mind which could explain this statistic, the first one is that as you mention maybe there is a difference on the risks taken and women are investing more on bitcoin while men are taking their chances with altcoins, another explanation could be that maybe the number of women investing in this market has increased recently and they were able to buy most of their holdings during the 2022 bear market for a cheap price, while the men are still suffering from the aftereffects of buying during the bull run and they are still losing some money. https://cointelegraph.com/news/singaporean-women-outperforming-men-in-crypto-trades-survey-reveals
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
"As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men"
Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
This is relative. I don't think it's the same in all countries. For example, here in my country, women who know about bitcoin and crypto are very few.
But since Bitcoin gives money freedom and also provides the possibility of working from home, I find that this may be true.
Working from home gives a great opportunity for women to work while doing their home duties, so I expect that a large number of them will go towards trading and Bitcoin.
But since Bitcoin gives money freedom and also provides the possibility of working from home, I find that this may be true.
Working from home gives a great opportunity for women to work while doing their home duties, so I expect that a large number of them will go towards trading and Bitcoin.
I'm not sure why women involving into investments/tradings of all sorts are a big deal for some of us? I mean, except from the physicality - women are all equal with men. They have brains too, and brains doesn't work different per gender. Isn't this something that is insulting for the women? Not sure though coz we have different perspective.
I don't see any difference to a woman who became president, or something being the head of a certain society.
Nevertheless, a woman can make their own due diligence better than a man and her fellow woman.
I don't see any difference to a woman who became president, or something being the head of a certain society.
Nevertheless, a woman can make their own due diligence better than a man and her fellow woman.
Are you serious or trolling? Of course there are non-physical differences between men and women. We are meant to be different and complement each other. That's a beautiful thing.
In short, women are more people-focussed and have better developed the "emotional" side, while men are more focussed on things and tend to be more technical + have higher risk tolerance (which does not always pay off).
How do reconcile the fact that when Bitcoin started, every poll showed over 90% of adopters were men? There was no societal expectations and anyone was free to join. Or why are chess dominated by men? Or maths/engineering etc?
Manliest games of all? Crypto trading doesn't even involve lifting or punching.
Are you saying you've never punched a screen after your position got liquidated?
"Singaporean women ‘outperforming’ men in crypto trades, survey reveals"
https://cointelegraph.com/news/singaporean-women-outperforming-men-in-crypto-trades-survey-reveals
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
"As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men"
Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
Topic of OP makes it sound like these women wouldn't be crypto traders. That only men are crypto traders. I know that it might not be intented so but wording is weird.https://cointelegraph.com/news/singaporean-women-outperforming-men-in-crypto-trades-survey-reveals
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
"As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men"
Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
I seriously wonder why people think that this is "manliest" game of all. I know several women that are investing and trading that are actually doing better than me
And like the data shows there are ton of women players in this game
This might have started as a male game but it's totally not that anymore. And unless you think they are kids you can call them women vs men.
Also it would be nice to have data about actual research about this rather then news of hear say from the net
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Is “crypto traders” is term for male trader alone? This sound a little bit sexist for all the female on crypto space. Crypto trading is for everyone and I don’t know who categorized trading as manliest while it’s just need a laptop, internet and money in able to do that while sitting on the coast.
Besides, we are all trading for profit and sex doesn’t matter because we don’t know each other here.
Besides, we are all trading for profit and sex doesn’t matter because we don’t know each other here.
"Singaporean women ‘outperforming’ men in crypto trades, survey reveals"
https://cointelegraph.com/news/singaporean-women-outperforming-men-in-crypto-trades-survey-reveals
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
"As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men"
Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
https://cointelegraph.com/news/singaporean-women-outperforming-men-in-crypto-trades-survey-reveals
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
"As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men"
Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
I'm not sure why women involving into investments/tradings of all sorts are a big deal for some of us? I mean, except from the physicality - women are all equal with men. They have brains too, and brains doesn't work different per gender. Isn't this something that is insulting for the women? Not sure though coz we have different perspective.
I don't see any difference to a woman who became president, or something being the head of a certain society.
Nevertheless, a woman can make their own due diligence better than a man and her fellow woman.
These surveys make me feel that we are still prejudiced, and belittled women to some extent. I agree with you that, women or men, we are all human, all the same, men can do anything women can do, and vice versa, there is no need to be too surprised or feel weird when women invest in crypto or become president. Our world is no longer a feudal world, we are in an equal world where everyone is treated equally. I even learned from a female trader in my area who was much better than me.
I'm curious about what personal attitudes or actions from girls can help to make profitable trading.
We all know that there are differences in attitudes or physical actions between girls and boys.
Maybe boys intend to become more greedy compared to girls?
We all know that there are differences in attitudes or physical actions between girls and boys.
Maybe boys intend to become more greedy compared to girls?
What's the big deal of this news? For me this is not even news, much less a headline. So what if men or women are more profitable than the other? Of course it happens because it can't be just 50:50. One will be ahead than the other. That's normal. And the difference is not really that significant. I don't see the need to emphasize gender here especially because this is Singapore. This isn't some uncivilized country where women are not allowed to get into whatever investment or trading.
Manliest games of all? Crypto trading doesn't even involve lifting or punching.
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
Manliest games of all? Crypto trading doesn't even involve lifting or punching.
"Singaporean women ‘outperforming’ men in crypto trades, survey reveals"
https://cointelegraph.com/news/singaporean-women-outperforming-men-in-crypto-trades-survey-reveals
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
"As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men"
Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
https://cointelegraph.com/news/singaporean-women-outperforming-men-in-crypto-trades-survey-reveals
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
"As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men"
Since it looks like the answers were self-reported, there's a chance that women may not be telling the truth, to make themselves look better. But maybe there's something in the female approach to trading that would explain it (i.e. higher risk aversion?).
I'm not sure why women involving into investments/tradings of all sorts are a big deal for some of us? I mean, except from the physicality - women are all equal with men. They have brains too, and brains doesn't work different per gender. Isn't this something that is insulting for the women? Not sure though coz we have different perspective.
I don't see any difference to a woman who became president, or something being the head of a certain society.
Nevertheless, a woman can make their own due diligence better than a man and her fellow woman.
I think that such statistics aim to obtain observations and press investigations are more than an analytical study on the reality of what is happening.
The selected eye is not random, as it is in one country, and it is wrong to generalize it to all countries.
So, what happened is that the percentage that was chosen for the reconnaissance found that the percentage of women among them is large and this result may be biased or inaccurate.
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
Why do you describe trading in this description, there are many women in the stock market.
The selected eye is not random, as it is in one country, and it is wrong to generalize it to all countries.
So, what happened is that the percentage that was chosen for the reconnaissance found that the percentage of women among them is large and this result may be biased or inaccurate.
The dawn of mankind is officially here. A recent poll from Singapore revealed that women managed to outperform men in the manliest games of all - crypto trading:
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