Nearly a third of people think bitcoin will collapse in the next six months - page 5.

cryptolit

member

Activity: 196

Merit: 10

Quote from: Lieldoryn on November 14, 2017, 07:08:31 AM

I want to cast doubt on the conclusion of such research. If you will research on the streets on the effectiveness of various modern methods of diagnosis and treatment of cancer. You trust these studies? The question of course is rhetorical. How can you treat the opinion of those people who don't know what bitcoin is and never used it.

I have to agree; this article doesn't really say much. They should ask experts in related fields rather than people on the street.

WinLikeStupid

newbie

Activity: 39

Merit: 0

I read that somewhere between 1-15% of people actually use crypto. Your stat makes sense. They don't get it.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Let me doubt those numbers....

Quote

A survey by market research firm D-CYFOR, found that although 80 per cent of the general public in the UK have heard of bitcoin, 58 per cent said they would not invest in it and 30 per cent predict it will collapse and be worthless within the next six months. On the flip side, 54 per cent were optimistic about an increase in its value over the next six months, but only 15 per cent said they were thinking of investing in it while seven per cent said they already had.

80% have heard of bitcoin? Let's be real.
Cut this number in 1/5 and it might be closer to reality.

Also we have 7% that have invested in it.

Ok, let's crunch the numbers.
UK , 64 millions, 80% means 51 millions 7% out of those are 3.5 millions.
And that is the UK alone. If we add just the US/Canada/DE/FR with the same numbers we might end with more than 20 million investors in bitcoin just from the biggest western countries.

Sorry but that is BS.

Lieldoryn

sr. member

Activity: 630

Merit: 272

I want to cast doubt on the conclusion of such research. If you will research on the streets on the effectiveness of various modern methods of diagnosis and treatment of cancer. You trust these studies? The question of course is rhetorical. How can you treat the opinion of those people who don't know what bitcoin is and never used it.

Janation

hero member

Activity: 1722

Merit: 528

We can't blame them, I mean bitcoin is volatile, the price changes every time. What will work here is the your skill in predicting what may happen and your knowledge to think what will people do in a certain period of time. If bitcoin will collapse in the next 6 months, then I think it must had collapsed earlier.

minerich

newbie

Activity: 42

Merit: 0

Although public awareness of bitcoin is now at an all time high, confidence in the cryptocurrency is still low as new research has suggested nearly a third of people think it will collapse in the next six months. Bitcoin's price, which is famous for its volatility, climbed to record highs of more than $7,000 in recent weeks.

A survey by market research firm D-CYFOR, found that although 80 per cent of the general public in the UK have heard of bitcoin, 58 per cent said they would not invest in it and 30 per cent predict it will collapse and be worthless within the next six months. On the flip side, 54 per cent were optimistic about an increase in its value over the next six months, but only 15 per cent said they were thinking of investing in it while seven per cent said they already had.

Millennials were the most open to investing in bitcoin with 23 per cent considering buying into the cryptocurrency. Only four per cent of people aged 65 and above wanted to invest in bitcoin.

Bitcoin is having its moment in the limelight, but while that means more people are investing in the cryptocurrency, it also means increased scrutiny from regulators. That came after a crackdown on initial coin offerings (ICOs) by the FCA in September.

http://www.cityam.com/275703/nearly-third-people-think-bitcoin-collapse-next-six-months

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