Good or bad? 18% of US students own cryptocurrency - page 2.

hase0278

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Quote from: buwaytress on September 03, 2018, 06:40:25 AM

If the sample and methodology were well-defined.

Since it is not well defined, let us assume that the research conducted by Coinbase utilized convenience sampling in selecting the students that have been surveyed in the school. The sample though IMO is well defined. it is stated in their blog that:

Quote from: pawel7777 on September 02, 2018, 03:43:25 PM

Thoughts?

I think Coinbase here is just wasting their time and money conducting such small-scale study. They should have had decreased the margin of error for their findings to be more reliable.

buwaytress

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Why wouldn't it be "reliable"? I think it's solid enough for data in social science. That it's commissioned by a much-disliked corporate entity doesn't really change anything, if the sample and methodology were well-defined. A lot more scientific than most of the other polls conducted, I'd say.

But a fifth of students into crypto just doesn't mean anything useful in my books. Might as well be 100% of them all owning the free $10 Coinbase used to give out on new accounts. If they're owning and not using, doesn't help Bitcoin much.

Roccker

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It is very good.
Students have no money at all. They probably put 300usd in crypto.
Now, in 15 years, they have a lot of money. Maximum money is at 50 years old i think.

liuqi

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Quote from: pawel7777 on September 02, 2018, 03:43:25 PM

Coinbase Survey Shows 18% of US Students Now Own Cryptocurrency
https://www.coindesk.com/crypto-blockchain-class-universities-coinbase/

You could argue that Coinbase-commissioned survey on only 675 students is not very reliable, but assuming it's true and that nearly fifth of students is already into crypto, do you see it as a bullish or bearish news?

On one hand, it shows that cryptos are already (almost) mainstream, hence there's not much room for further growth.
On the other hand, in few years time, those 18% will be earning real money and it's more likely they will choose cryptos as their preferred investment.

Thoughts?

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It is good to here in this news because almost every students are interested to participate in new technology but majority of the students are not aware in crypto technology so these kind of lagging in crypto platform and it is bearish news for me. In my surrounding I spread the crypto potential so few peoples are invested in crypto so we only create the awareness in our locality. I think next year it will reach 54% because investors ratio is gradually increase in crypto industry.

Pursuer

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to be honest this looks to me more like yet another random statistics with a huge margin of error and it is always because of their selection process. the selected groups are too focused and have no diversity. it is like looking for alcoholics in a bar!

besides 18% seems such a huge percentage considering the fact that bitcoin price is still pretty low. such adoption percentage would have been accompanied by a much higher price. so far the best estimation I have seen for adoption has been less than 1%.

Wind_FURY

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OP, assuming it's true, I believe 18% of students holding to store value would be very good in my opinion, and it should be Bitcoin, not altcoin scams. Although there are exceptions, those expections still cannot compare to Bitcoin as a good store of value.

snipie

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Better to have cross sectional study in different schools in several states to confirm this fact.
18% is a good pourcentage in my opinion which is not obvious to find it elsewhere.

Quote from: The Sceptical Chymist on September 02, 2018, 03:49:39 PM

They're the future of crypto, so the more young folks involved in it the better.

This

diouf67

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First I'd have to also agree in pointing out the obvious limitations in the sample but assuming that the 18% is true across the globe then it's a mixed bag. While it's positive so many students are invested and you make a good point about them potentially choosing crypto for future investments when their earning potential heightens. It can also be seen as a negative thing because 18% is already quite a high number and leaves less room for new investment.

The Sceptical Chymist

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Good. Universities ought to be teaching more of this stuff and less of the gender studies and pseudo-scientific crap, which doesn't prepare students for anything useful in life.

These are top universities that were polled, so it doesn't surprise me that the students have extra money to invest in cryptocurrency. I suspect that if state schools were polled the number would be far less. When I was in college, I barely had money for a small pizza or booze much less money to blow on investments.

So good for them. They're the future of crypto, so the more young folks involved in it the better.

pawel7777

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Coinbase Survey Shows 18% of US Students Now Own Cryptocurrency
https://www.coindesk.com/crypto-blockchain-class-universities-coinbase/

You could argue that Coinbase-commissioned survey on only 675 students is not very reliable, but assuming it's true and that nearly fifth of students is already into crypto, do you see it as a bullish or bearish news?

On one hand, it shows that cryptos are already (almost) mainstream, hence there's not much room for further growth.
On the other hand, in few years time, those 18% will be earning real money and it's more likely they will choose cryptos as their preferred investment.

Thoughts?

EDIT: Coinbase blog link: https://blog.coinbase.com/the-rise-of-crypto-in-higher-education-81b648c2466f
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