Cryptocurrency is the second most popular investment in "France" - page 4.

Lucius

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Quote from: snowpega on November 16, 2023, 06:23:21 AM

According to the recent Survey it comes to know that cryptocurrency is the second most popular Investment in the France. This Report was published on 13 November.
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This Is probably a very good decision of young generation to adopt the cryptocurrency assets as part of investment. The propensity of cryptocurrency as an investment is increasing day by day. Well, i think those days are not so far when everybody will talk about "investment in cryptocurrency."

I haven't read the report (if there is an English version at all), but I wonder if it's good news that so many French people invest in cryptocurrencies, given that most of these investments are probably in altcoins, which are mostly pump&dump projects in which the invested money is very easily lost. I always say that I don't care what people do with their money (unless it hurts others around them), but I wonder how many of these people will find themselves in big financial problems in the future?

Problems can only mean one thing for all of us, and that is the imposition of some crazy rules and regulations, so you don't need to look at those numbers with so much enthusiasm, because it all looks like a double-edged sword to me.

Faisal2202

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Quote from: snowpega on November 16, 2023, 06:23:21 AM

This Is probably a very good decision of young generation to adopt the cryptocurrency assets as part of investment. The propensity of cryptocurrency as an investment is increasing day by day. Well, i think those days are not so far when everybody will talk about "investment in cryptocurrency."

You have shared a good piece of information and yeah the days are not so far, because the bull run is going to start so everyone is so bullish and wants to get benefit from the positive flow of the market or you can say it's just market sentiments that have shifted their interest toward cryptocurrency either if its BTC or Alts, both are gaining values.

But don't assume that things are here forever because if these people are taking an interest in crypto that's because they are seeing their profit in it but when the time of booking profit will come like when the BTC or Alts will be near to there new ATH. Then the market will come down and you will see the same level of down trend likewise the uptrend happening now.

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Quote from: snowpega on November 16, 2023, 06:23:21 AM

According to the recent Survey it comes to know that cryptocurrency is the second most popular Investment in the France.

What I think from this result first is that the French are very keen and also informed on investment. When I read this and saw cryptocurrency as the second most popular, my interest was immediately raised to see the investment choice that was first. Real Estate is good too, but I think that if this survey is carried out again in a couple of months, cryptocurrency would have overtaken and become the first choice. If this survey is carried out in many other countries, it will give a different result.

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Quote from: rat03gopoh on November 16, 2023, 08:11:29 AM

Quote from: snowpega on November 16, 2023, 06:23:21 AM

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So, these statistics are generated based on interviews. The question is, how many respondents are there from the total population of France? I don't think 9% sums up the total number of French crypto investors, it's just the number of people interviewed.

Use this link https://www.amf-france.org/sites/institutionnel/files/private/2023-11/loe-54-ven.pdf. 8,456 people living in France responded to the survey and I guess it is a good number to get some valid findings. The research stated that 9% of the French population are holding crypto.

Quote from: blckhawk on November 16, 2023, 07:34:56 AM

You are surprised about the popularity of investment probably because people who are investing don't really shout out their investments or their ventures, I mean most of the people around the world don't really talk about it anyway not to mention that most investment or investing companies don't have any advertising of what they offer. When you put the percentage into a raw number, I felt insignificant and surprised that millions of people are invested in crypto maybe because I am locked in this cage we call forum that I thought that this is all the people that are interested in crypto.

The number of youths embracing crypto investment is growing every day this is because it is easier and less cumbersome to invest in this sector. Unlike other investment, one don't need to go through any bureaucratic process to invest. I assume that the population will even be greater because many crypto investors would like to remain anonymous which might make them avoid the survey. In my country, I assume that 1 out of every 4 youth is involved in cryptocurrency because they are tech-savvy.

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Quote from: Sim_card on November 16, 2023, 07:40:50 AM

I will not be surprised at this survey that cryptocurrency is the second after real estate. This is because the youngsters have seen the bright future of cryptocurrency especially bitcoin as a better investment which is worth to generate profit for them in the long run and it is very easy to get started. Cryptocurrency is embraced by the youths because it is a digital currency and the world is becoming more digitalized everyday by day. I believe that in time to come cryptocurrency will even have more investors than real estate because both the poor and the rich can invest in it, but real estate is only for the rich. This shoes that the cryptocurrency adoption is growing rapidly in France.

Yes, well, but the key thing you seem to point out but don't explicitly mention is that investing in crypto requires very little capital, especially compared to real estate investment. Young people can buy small amounts of cryptocurrencies from their mobile phones and many can't even dream of buying a house, as saving for the down payment alone takes years.

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Quote from: hyudien on November 16, 2023, 08:06:42 AM

On the positive side, this is the beginning of an era where people are aware of what they are investing in. But it is important to note that some investors who decide to invest in crypto with all its risks require the younger generation in France to become more aware and more cautious. Not all types of cryptocurrencies are safe. But regardless, I believe that with the open-mindedness of young people, both in France and in any other country, they are now more aware of the existence of cryptocurrencies as a simple investment alternative, which does not require written requirements like investing in real estate. As for the dominance of Real Estate investment, it has always been the choice of the elderly because it is to support retirement.

Cryptocurrencies have widely discussed investment option, because their decentralized nature, and relative ease of access compared to traditional investment. The lack of stringent paperwork and regulatory requirements associated with cryptocurrency investments has also played a role, while real estate investment needs extensive documentation, legal processes, and background checks. Cryptocurrencies can be purchased and traded with minimal formalities. This has made them appealing to investors seeking a less complex and time-consuming investment experience.

But cryptocurrencies still have inherent risks and uncertainties. Their volatile nature, susceptibility to scams and hacks, and lack of intrinsic value compared to traditional assets like real estate demand careful consideration before investing. Investors should conduct thorough research and understand the risks involved, and only invest funds they can afford to lose. I dont think it's a good choice of the elderly to support retirement.

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I think real estate will always be the primary investment that anyone could think, as young as 25, buying a house is already in their mind. But them adding crypto to their portfolio, it encourages the readers.

What about the adoption of crypto in the country?
This should be proportion to the survey result because it doesn't make sense when crypto is 2nd most popular investment yet the adoption is not at the local level where people can casually get coins from ATMs or use them to purchase something.

rat03gopoh

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Quote from: snowpega on November 16, 2023, 06:23:21 AM

source

Source link doesn't work.

So, these statistics are generated based on interviews. The question is, how many respondents are there from the total population of France? I don't think 9% sums up the total number of French crypto investors, it's just the number of people interviewed.

hyudien

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On the positive side, this is the beginning of an era where people are aware of what they are investing in. But it is important to note that some investors who decide to invest in crypto with all its risks require the younger generation in France to become more aware and more cautious. Not all types of cryptocurrencies are safe. But regardless, I believe that with the open-mindedness of young people, both in France and in any other country, they are now more aware of the existence of cryptocurrencies as a simple investment alternative, which does not require written requirements like investing in real estate. As for the dominance of Real Estate investment, it has always been the choice of the elderly because it is to support retirement.

avikz

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It's encouraging for sure! Especially in the world where multiple countries are still confused about cryptocurrency, France is showing the way. I wonder if the other countries will consider having a legal framework around Bitcoin. It will not only help the government to get more taxes but also open new ways for job creation. The benefits are multifold.

The issue with not having a legal framework is that the scammers become active in this space and misguide people in the name of cryptocurrency investment.

Abu-Naim

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Quote from: snowpega on November 16, 2023, 06:23:21 AM

This Is probably a very good decision of young generation to adopt the cryptocurrency assets as part of investment. The propensity of cryptocurrency as an investment is increasing day by day. Well, i think those days are not so far when everybody will talk about "investment in cryptocurrency."

This is good statistics, and the percentage of the cryptocurrency investors is showing how interesting this generation about bitcoin and cryptocurrency.

I hope most of them have knowledge and know the risks involves in cryptocurrency investment, because it is not a physical investment that will be seen and monitored physically.
I hope they are not driven by FOMO, all in the name of making a way to have quick money since so many people are saying that cryptocurrency investment can earn you money quick.

Altcoins are not reliable, I wish they invested most of their money in Bitcoin instead of altcoin that may fail anytime.

Marvell1

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I would not be surprised by the results of this survey because if we conducted this survey with young people in all countries the results would not be much different. Even we ourselves can feel it in our own country. In my country, the majority of young people are investing in cryptocurrency, even first and second year students spend time investing in cryptocurrency. Life is getting harder and the need to make money is getting bigger and cryptocurrencies are attracting great attention when it comes to generating big profits. Therefore, it is obvious that young people invest in cryptocurrency.

Sim_card

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I will not be surprised at this survey that cryptocurrency is the second after real estate. This is because the youngsters have seen the bright future of cryptocurrency especially bitcoin as a better investment which is worth to generate profit for them in the long run and it is very easy to get started. Cryptocurrency is embraced by the youths because it is a digital currency and the world is becoming more digitalized everyday by day. I believe that in time to come cryptocurrency will even have more investors than real estate because both the poor and the rich can invest in it, but real estate is only for the rich. This shoes that the cryptocurrency adoption is growing rapidly in France.

blckhawk

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Quote from: kryptqnick on November 16, 2023, 06:56:24 AM

I can see that the survey looks very legit. More than 8k people were surveyed, and the results are supposedly representative of the adult population, which I think it's probably true. I didn't know investing was such a popular thing in France, as 1 in 4 people invested in something, and that 9.4% is from the adult population of France, so we're talking about millions of crypto investors in France.
I'm happy to see such great numbers in France, and it would be interesting to follow the dynamics in the future (does the percentage go up, down, stay the same).

You are surprised about the popularity of investment probably because people who are investing don't really shout out their investments or their ventures, I mean most of the people around the world don't really talk about it anyway not to mention that most investment or investing companies don't have any advertising of what they offer. When you put the percentage into a raw number, I felt insignificant and surprised that millions of people are invested in crypto maybe because I am locked in this cage we call forum that I thought that this is all the people that are interested in crypto.

Lida93

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The legitimacy of the survey says it all cryptocurrency is a young generational asset thus in my perspective it going to gain full maturity in the use case with the next generation behind us. I think those that assume they are coming late into bitcoin essentially needs to read this and contrast it to the next generation that will be adopting bitcoin what would be said of them if the people adopting today are complaining of arriving late.

It's only an issue of time that cryptocurrency will surpasses real estate that's at that top of the chart with 10.7%. I am one of those bitcoin/crypto maximalist who undoubtedly believe that there's a bright future for bitcoin and it's users, keep hodling.

kryptqnick

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I can see that the survey looks very legit. More than 8k people were surveyed, and the results are supposedly representative of the adult population, which I think it's probably true. I didn't know investing was such a popular thing in France, as 1 in 4 people invested in something, and that 9.4% is from the adult population of France, so we're talking about millions of crypto investors in France.
I'm happy to see such great numbers in France, and it would be interesting to follow the dynamics in the future (does the percentage go up, down, stay the same).

snowpega

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According to the recent Survey it comes to know that cryptocurrency is the second most popular Investment in the France. This Report was published on 13 November.

According to this survey, the second higher propensity among the youngsters is cryptocurrency investment with the ratio of 9.4%. The majority of the investors are men with the ratio of 64% and from these most of the investors are youngsters. Their age very between 36 to 50 Years. In this ratio 54% people holds crypto-assets. source

This Is probably a very good decision of young generation to adopt the cryptocurrency assets as part of investment. The propensity of cryptocurrency as an investment is increasing day by day. Well, i think those days are not so far when everybody will talk about "investment in cryptocurrency."

Topic: Cryptocurrency is the second most popular investment in "France" - page 4. (Read 709 times)