well were not all rich..
If you make 100k a year that means youre hold a position that most people wont have, and youre there based on your skills.
The comment above about someone walking away with 12 mill seems very possible, but what about taxes? lol.
Topic: Nearly 70% of Bitcoin users earn less than $100,000 annually - Coindesk - page 2. (Read 2704 times)
June 30, 2015, 02:11:20 PM
June 30, 2015, 01:06:15 PM
And I've to add that $100,000 per year is huge salary outside the US
According to the reports, In the US anyone who earns $50,000 without a university degree is indeed a decent salary, and Freshers who are holding Engineering degree certificate are earning $55,000 to $60,000 as their starting salary, having said that even in the United States of America $100,000 per year considered as a pretty good income. 
June 30, 2015, 12:12:10 PM
100000$ is a very huge amount for a lot of people, especially for people from third world countries. Even people from India who are doing really well are unable to score such a salary, maybe really rich industrialists and actors and others are able to manage that salary, like big doctors... Its no big deal as the community is full of young bloods.
June 30, 2015, 08:41:07 AM
Seems like a pretty dumb & pointless stat/article - 70% of bitcoin users earn less than 100k USD a year.
I'm pretty sure if you walk into a normal bar & take a survey - 70% of people earn less than 100k USD a year.
Just seems like people who earn 100k USD a year are sort of in the minority any way if you took a national average.
Struggling to see why they've bothered running that story, most of the world is on less than 100k USD a year, that's a pretty decent salary
Coindesk - You are running a shit article here **leaves**
I'm pretty sure if you walk into a normal bar & take a survey - 70% of people earn less than 100k USD a year.
Just seems like people who earn 100k USD a year are sort of in the minority any way if you took a national average.
Struggling to see why they've bothered running that story, most of the world is on less than 100k USD a year, that's a pretty decent salary
Coindesk - You are running a shit article here **leaves**
That was not the title of the article, but this forum thread.....
June 16, 2015, 08:14:18 AM
The title should be reversed. The real big news, if this is true, should be that 30% of BTC users are making more than $100K a year. I would never have guessed that. There are some wealthy folks among us.
Now, all this comes from a survey. Accuracy may not be great...
Now, all this comes from a survey. Accuracy may not be great...
actually you can't get that from the title, because it's clear that there are also those that are making 100k and those that prefer to say nothing about it
you haven't followed the article i guess, because in the image, you can clearly see that only 22% are making more than 100k, the other 11% said nothing, so it can be that they belong to the first category of the poor people...
June 16, 2015, 07:43:11 AM
what does being mostly male have to do with being poor?You're not making any sense,hazir.
June 16, 2015, 06:37:59 AM
I am not surprised at all by results of that research. It only strengthen my personal beliefs. After being on this forum for quite long time I can see that I haven't met more that 2 girls of thousands of users.
So it is easy to deduct that Crypto users are in 90% male, white and not so rich people how is that surprise to anyone really? Another detail is that IT sector of the market is dominated by people described by that research. We need to wait quite some time if we want this situation ever to change, mass adoption might help here.
So it is easy to deduct that Crypto users are in 90% male, white and not so rich people how is that surprise to anyone really? Another detail is that IT sector of the market is dominated by people described by that research. We need to wait quite some time if we want this situation ever to change, mass adoption might help here.
June 16, 2015, 03:26:10 AM
The May 2013 article marks a serious adoption point as before that media coverage of Bitcoin was far more spoardatic in relation to the sheer volume of Bitcoin news we have now.
That said I'm not suprised of the composition of the core userbase male white/asian under 30 tech users, on the brightside women adoption is nearing 10% we need more high-end clothing and boutique stores to accept bitcoin to improve that user segment that said average wealth does look like it represents what you would expect of under 30 income earners in college and the workforce including a signifcant proportion of IT jobs of course.
That said I'm not suprised of the composition of the core userbase male white/asian under 30 tech users, on the brightside women adoption is nearing 10% we need more high-end clothing and boutique stores to accept bitcoin to improve that user segment that said average wealth does look like it represents what you would expect of under 30 income earners in college and the workforce including a signifcant proportion of IT jobs of course.
June 15, 2015, 10:53:10 PM
The title should be reversed. The real big news, if this is true, should be that 30% of BTC users are making more than $100K a year. I would never have guessed that. There are some wealthy folks among us.
The question is, how many of them got really wealthy as a result of Bitcoins? Imagine some early adopter, who had BTC10,000 with him. If he sells his coins on December 2013, when the exchange rates were 1BTC = $1,200, he will be left with $12 million. Even if he invests the entire amount in US treasury bonds, he will get an annual income of around $400,000.
June 15, 2015, 10:31:20 PM
The title should be reversed. The real big news, if this is true, should be that 30% of BTC users are making more than $100K a year. I would never have guessed that. There are some wealthy folks among us.
Now, all this comes from a survey. Accuracy may not be great...
Now, all this comes from a survey. Accuracy may not be great...
I think you're right, that might be the real news on this one.
Have any of you read the article? It's a good, well rounded analysis by Coindesk...more than just average annual income.
June 15, 2015, 09:36:41 PM
http://www.coindesk.com/new-coindesk-report-reveals-who-really-uses-bitcoin/
Analysing nearly 4,000 responses received in Coindesk's multilingual survey, likely the largest in bitcoin's history, the 45-page report provides an in-depth look at who is using bitcoin, who isn't and why that matters.
But more than that, this report attempts to identify ways in which the community that uses the cryptocurrency can expand its reach, moving beyond the current demographic to new groups, with different cultures, economic status and needs.
While these figures reinforce the young, white, male stereotype, other findings – such as average income – are more surprising. The question of average earnings providing a very even split across all earning brackets. Those earning $50,000–$100,000 came top, at 23.9%. One in five said their household income was below $25,000.
...This is pretty interesting. I'd expect more bitcoin users to have higher annual income. But if this survey spans the globe, perhaps I shouldn't be surprised.
Analysing nearly 4,000 responses received in Coindesk's multilingual survey, likely the largest in bitcoin's history, the 45-page report provides an in-depth look at who is using bitcoin, who isn't and why that matters.
But more than that, this report attempts to identify ways in which the community that uses the cryptocurrency can expand its reach, moving beyond the current demographic to new groups, with different cultures, economic status and needs.
While these figures reinforce the young, white, male stereotype, other findings – such as average income – are more surprising. The question of average earnings providing a very even split across all earning brackets. Those earning $50,000–$100,000 came top, at 23.9%. One in five said their household income was below $25,000.
...This is pretty interesting. I'd expect more bitcoin users to have higher annual income. But if this survey spans the globe, perhaps I shouldn't be surprised.
That still high for me, i can earn more than 150$ per month
sometimes win and lose in gambling June 15, 2015, 06:24:00 PM
The title should be reversed. The real big news, if this is true, should be that 30% of BTC users are making more than $100K a year. I would never have guessed that. There are some wealthy folks among us.
Now, all this comes from a survey. Accuracy may not be great...
Now, all this comes from a survey. Accuracy may not be great...
June 15, 2015, 06:16:39 PM
Seems pretty obvious. 100K a year is a lot of money and most bitcoiners are young men and most of them as proven here earn less then 100K a year,
No surprise though.
No surprise though.
Yeah man, making general assumptions usually lead us to the wrong answers and (incorrectly) reinforce our belief in ourselves to be able to make "educated" guesses without any support or fact. It's a dangerous place to spend a lot of time in.
Perhaps what's more scary is that people with money to live, without tons of disposable income are willing to put some of it into something so risk and unproven as this project.
June 15, 2015, 05:13:25 PM
Seems pretty obvious. 100K a year is a lot of money and most bitcoiners are young men and most of them as proven here earn less then 100K a year,
No surprise though.
No surprise though.
June 15, 2015, 05:10:37 PM
Seems like a pretty dumb & pointless stat/article - 70% of bitcoin users earn less than 100k USD a year.
I'm pretty sure if you walk into a normal bar & take a survey - 70% of people earn less than 100k USD a year.
Just seems like people who earn 100k USD a year are sort of in the minority any way if you took a national average.
Struggling to see why they've bothered running that story, most of the world is on less than 100k USD a year, that's a pretty decent salary
Coindesk - You are running a shit article here **leaves**
I'm pretty sure if you walk into a normal bar & take a survey - 70% of people earn less than 100k USD a year.
Just seems like people who earn 100k USD a year are sort of in the minority any way if you took a national average.
Struggling to see why they've bothered running that story, most of the world is on less than 100k USD a year, that's a pretty decent salary
Coindesk - You are running a shit article here **leaves**
June 15, 2015, 05:02:11 PM
the majority of the people don't even own a single bitcoin. so totally not surprised after reading the article. it's not that hard to figure out.
June 15, 2015, 03:18:41 PM
Cant say this is all that surprising, considering the median US household income is only 50k...and that is higher than most countries
June 15, 2015, 03:43:32 AM
I resemble that remark
also one of the 6% I think I saw of BTC holders over 60 years old
so can't use young and stupid as an excuse if this all goes 'tulips'
also one of the 6% I think I saw of BTC holders over 60 years old
so can't use young and stupid as an excuse if this all goes 'tulips'
Some old money hanging around, old folks need to think about retirement, because with all this austerity going on again, they are pretty upset about the fiat.
June 15, 2015, 03:41:44 AM
I resemble that remark
also one of the 6% I think I saw of BTC holders over 60 years old
so can't use young and stupid as an excuse if this all goes 'tulips'
also one of the 6% I think I saw of BTC holders over 60 years old
so can't use young and stupid as an excuse if this all goes 'tulips'
June 15, 2015, 03:38:26 AM
http://www.coindesk.com/new-coindesk-report-reveals-who-really-uses-bitcoin/
Analysing nearly 4,000 responses received in Coindesk's multilingual survey, likely the largest in bitcoin's history, the 45-page report provides an in-depth look at who is using bitcoin, who isn't and why that matters.
But more than that, this report attempts to identify ways in which the community that uses the cryptocurrency can expand its reach, moving beyond the current demographic to new groups, with different cultures, economic status and needs.
While these figures reinforce the young, white, male stereotype, other findings – such as average income – are more surprising. The question of average earnings providing a very even split across all earning brackets. Those earning $50,000–$100,000 came top, at 23.9%. One in five said their household income was below $25,000.
...This is pretty interesting. I'd expect more bitcoin users to have higher annual income. But if this survey spans the globe, perhaps I shouldn't be surprised.
Analysing nearly 4,000 responses received in Coindesk's multilingual survey, likely the largest in bitcoin's history, the 45-page report provides an in-depth look at who is using bitcoin, who isn't and why that matters.
But more than that, this report attempts to identify ways in which the community that uses the cryptocurrency can expand its reach, moving beyond the current demographic to new groups, with different cultures, economic status and needs.
While these figures reinforce the young, white, male stereotype, other findings – such as average income – are more surprising. The question of average earnings providing a very even split across all earning brackets. Those earning $50,000–$100,000 came top, at 23.9%. One in five said their household income was below $25,000.
...This is pretty interesting. I'd expect more bitcoin users to have higher annual income. But if this survey spans the globe, perhaps I shouldn't be surprised.
This is pretty interesting. We all bitcoiners need this kind of data and analysis. It will surely help all the bitcoiners to grow their businesses and also will bring in new users. Bitcoins should get established as the full time business and not remain only as an extra income source which is now the case with most of the users.
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