Topic: I conducted a survey Crypto vs Gold investment - page 2. (Read 235 times)

https://www.statista.com/statistics/731461/share-of-cryptocurrency-users-by-region/

I agree with your survey,I am also think more people will invest on gold than cryptos because price of crypto is too volatile but in gold it is very stable.But I look gold is the biggest scam of the world than anything when we buy gold in the form of ornaments we need to pay extra amount than in the form of wastages and taxes,it is around we pay 20% than what we are buying.At the same time if we want to sell gold we can't sell them for market rate there will be a price reduction.So gold investment is totally useless.
People need to understand the crypto investment is best because we can buy and sell them for market rate and no taxes moreover the growth percentage of crypto is far better than gold.

When you post stupid things like this your whole survey is worth nothing.
What do you base your assumption on? Numbers on an exchange that can be fakes like we know huobi and okcoin did?

Let's talk about real numbers that can be verified.
Total number of Bitcoin nodes connected right now:  11708
Out of those 8776 are in Europe (without Ru,Ua,By) and Us & Canada.

Can you explain to me how is this possible when everybody knows that BTC is much larger (or taller or wider) in east asia?

Again this survey was NOT done on twitter, it was paid for and conducted by are large company that takes measures to limit bias.

crypto all the way!!!

The information of the survey is very biased for some of the things that mentioned Yamamoto and even more. However is interesting to see the perception of the general population about crypto and the aversion to risk that they have.

Luckily there are many other coins they will have trouble controlling.

yes as time goes on they should move more towards crypto.

Of course the largest percentage is achieved by gold. Because gold investment is easier and does not need internet connection. And the other factor is the golden age older than Bitcoin. And most people who hold gold are elderly who do not even know what is Bitcoin.

Did the survey mention that miners now hold a knife to our throats and that the
transactions fees just for storing 250 bytes of data is now $45 using BTC.

I stack silver myself with just a little gold because i wanted to give the bankers two
fingers but now I can see they have taken over here and can pump en dump as they
like and it seems to me that they have brought out the BTC development team too.

See https://www.youtube.com/watch?v=UYHFrf5ci_g if you feel this might not
be true because I am far from alone in saying this and yes lots of my posts here
do get deleted

Regards

Anti-Censorship

Well, we are not sure if those who vote for gold also know what bitcoin is. if you really want to compare gold and bitcoin, for me it would be better to ask it to those who know both thing. Adding a percentage to those who is not familiar in one of your choices create a new state of theme for the survey. Anyways, it is a good survey after all. Somehow, this could promote bitcoin aince some could be curious what bitcoin is and why it is being compared to gold.

I agree the sample number could be a bit higher. The largest sample bias was 13.4% male/-13.4% female, and the largest question inaccuracy was +3%/-2.8%. The RMSE score which is as I understand the overall bias score was 6.9%.

Demographics of the people you surveyed are most paramount to this equation. Without that the results are meaningless and we need those statistics to derive some actual meaning from your survey. Also 739 responses itself isn't a huge sample size and I would be more respecting of the results if it was 5-10k people. Even then it could still be anecdotal but you would have a better glimpse of what is on going.

Thanks for input, but I didn't use twitter for the survey, I used a professional service, which has many demographic fixings which I don't fully understand. On my account I can also see male vs female, state by state, region, and age ranges. I got 1,000 responses, but I guess they guess they trim some out of the final numbers to make it more accurate.

Sure the survey results are somewhat interesting, but it doesn't really give us much info beyond what the overall investment thought-process of the Twitter population that answered is. There are no demographics information pieces to give some context to the opinions of everyone. For all we know it's a bunch of old single women that are answering. Age brackets, income, all that kind of information would have been a lot more helpful and given a lot of information as to who is actually interested in investing in Bitcoin.

This is why I think twitter polls are mostly useless aside from yes/no answers or very simple pieces of information; there's too little context to make the answers of more complex (extrapolation-wise) surveys worth looking into.

Don't get me wrong, you have the right idea, it's just hampered by Twitter's platform.

This is a real survey with 739 paid for responses. The survey targeted the US internet population.

The survey asks "Would you rather invest in cryptocurrencies such as bitcoin, or gold?"
I got 69.3% would rather invest in gold
14.8% would rather invest in crypto
and 15.9% choose gold because they don't know what crypto is

I don't know if this is against forum rules, but I posted it on my twitter @CryptoSurvey1

Appreciate your feedback I will be conducting more surveys soon.


EDIT: Gold vs Crypto

The above ground gold supply is 187,000 tonnes, which worth about 8.5 trillion. Of the 187,000 tonnes 40,000 tonnes, or $1.8 trillion of it is private investment. Crypto market cap right now is 600 billion. 14.8% of survey respondents would rather invest in crypto, vs 69.3% would choose gold. That means 21.4% choose crypto over gold, since the participants who don't know what crypto is, need not be counted since in the future they will learn about crypto. Of course they know about gold, it has been around forever.

If we try to compare investment gold value, to the crypto M cap we get 1.8 trillion * 21.4% which would justify a crypto M cap of 385 billion. Keep in mind that crypto is much larger in East Asia, and compared to gold it's brand spanking new. Also official sector gold is not counted in the investment gold even though it is an investment, held by the governments and central banks. This is 31,500 tonnes, or 16.8% of above ground gold. If official sector gold were counted as investment gold we would have 3.2 trillion * 21.4% which would justify are crytpo M cap of 685 billion.