What's your favorite way to receive money as a gift? Cash or digital.. - page 6.

Capt00

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Quote from: Baby Dragon on October 25, 2019, 03:08:49 AM

No wonder why, people are already adopting and accepting digital currency like bitcoin. Some people finally understand how a digital currency works, maybe they realize its value and the advantage on using it. Just like them i'll also choose digital, because it can be used for a lot of other things and its less hassle in making transactions and payments.

A lot of people now are understanding the benefits that digital currency can provide. I think a lot of people now are starting to understand that digital currencies, bitcoin for example does more good than bad unlike those televise on media, they are starting to appreciate and fully understand that digital currency cannot only provide convenient and secure transaction but can also provide better lifestyle. Anyways, I would love to receive a gift through digital currency to also help in the awareness of bitcoin.

Anonylz

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i would say cash for now because most of the people i know that i have something to do with are not into crypto, only few are in crypto so any gift i receive interms of money from the non crypto peeps will most definitely be on cash, but if am the one sending to my friends who i know are into crypto and understand it, i would rather send using digital currency because it will save me the trouble of converting to fiat before sending.

jhonjhon

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Quote from: ReiMomo on October 25, 2019, 03:19:52 AM

Depend on the people who were fully oriented on crypto, they want to accept digital currency as a gift. Aside from that, that is very convenient to transfer as a gift even you are far away your family. So, why not accepting digital currency or let say bitcoin as your gift.
Even me, I really appreciated it if there is someone sending in my wallet and say, "my Christmas gift to you please accept".

Yes, it depends on the person who will be receiving the gift, some may prefer digital currency since it is easy and faster. Some may also prefer cash because they might not have a wallet or they are not familiar with bitcoin. As for me, I prefer digital currency for me not to spend it lavishly and it is easy for me to invest it in bitcoin wherein in cash I got tempted easily to spend it.

shoreno

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christmas gift is something that should be given or recieve in a unique way , this why people want something new and that is digital currencies or cryptos . others mentioned on the poll are now pretty common and not new at all so people might dont want feel any special to them . if im going to choose id say i go for both digital currency and cash , cash is for the people that didnt know how to use cryptos

mk4

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Quote from: Lucius on October 25, 2019, 05:09:25 AM

mjglqw, sample size is much better than in most surveys where we have 1000 to maybe 2000 people, but I agree that a percentage of those who have opted for digital currency is so high because the people who voted came from Twitter, which actually represents one segment of the digital society.

Surveys can be directed towards the desired result by selecting the target group of respondents, so if they asked people over 50+ this question, the result would probably be completely different. But what should not be doubted is the fact that the demographic picture of the world is changing, old habits are dying with old people, and young generations are leading the digital revolution.

I get what you're saying. The sample size isn't really a small number, but there's so much variety of people like different cultures, financial situations, occupations, and such that could affect their choices, that we're going to need a bigger size to get a more accurate conclusion.

I completely agree that the people are actually moving to a more digital world in general though. The boomers are getting older, and I think we're in an age that the money is already being inherited from the boomers to the millenials. It's just an upward trend from here. Hence why I think bitcoin, stocks, and other digital assets has a lot more room to grow in the next decades.

pooya87

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money has been turning into digital form for way longer than bitcoin has existed and also the term "digital currency" has nothing to do with "crypto-currency" or "bitcoin" for that matter. bitcoin is a type of digital currency. and when people say "digital" they usually mean other means of receiving payment that is not in hard cash like a gift card, paypal,...
so don't get too excited when seeing that poll Wink

vintages

full member

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If this little survey can determine this much, talk more of those who did not participate.
The popular saying, 'the world is going digital' and 'cashless economy is evolving' is truly coming to pass.
Nobody wants to be left out anymore.
It's a good thing digital currency is becoming a popular thing soon enough it will be uncontrollable. Hopefully, the governments might reconsider their stand.

Lucius

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mjglqw, sample size is much better than in most surveys where we have 1000 to maybe 2000 people, but I agree that a percentage of those who have opted for digital currency is so high because the people who voted came from Twitter, which actually represents one segment of the digital society.

Surveys can be directed towards the desired result by selecting the target group of respondents, so if they asked people over 50+ this question, the result would probably be completely different. But what should not be doubted is the fact that the demographic picture of the world is changing, old habits are dying with old people, and young generations are leading the digital revolution.

I try to find that tweet on BOE official Twitter to see final results, but it seems that it is not posted recently (in the last 3 months).

Jating

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Small sample size, anyways, I think this questions has been asked before if I'm not mistaken, so obviously majority wanted crypto as a gift. I even read one time in reddit wherein he gave some bitcoin as a wedding git.

So definitely, it's the way people are heading now, towards digital and I'm sure inexperience or nocoiners will be surprised by definitely it's worth a try to received something in forms of bitcoin and then see how it goes.

AskGamblers

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The example of New Zealand which legalized salary payments in cryptocurrencies clearly shows there's a high interest in receiving cryptos as salary.

In my opinion, getting cryptocurrencies as a gift is not very different to that.

Time will tell indeed, but I reckon we will find out sooner then we think.

BitHodler

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Bitcoin definitely for me. I don't need any cash, and in case I am gifted cash for whatever reason, depending on how much it is, I'll convert it to Bitcoin directly. If the amount is low I'll just fancy myself a steak or some sushi.

I have been giving some of my family members a paper wallet loaded with 0.01BTC for their birthday, and from what I know they still haven't cashed anything out, which is an indication that they expect it to go up or at least hope it does.

bassbity

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Digital money has used it a lot, in the polls in Twiter showing that cryptocurrency can be civilized with the people around it, because receiving clear prizes people will choose digital, and I think we need time to prove that digital is widely known in the community.

Duzter

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This shows the increase in the awareness of bitcoin among the common people. Earlier none could've known about it and preferred cash or gift cards. Now the scenario has changed and I find the growth happening with digital currencies to be the best compared to the other forms of gifting. A gift is something kept safe for years. More the days we keep it safe more will be the value.

ethereumhunter

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Quote from: ?? on ??

If you ask in this forum for those of us who are in the crypto world, surely we want the gift in the form of digital currency, because here is the crypto community, and we love trading and investing in cryptos that we have benefited from. Transactions with cryptocurrencies are very fast and there are no intermediaries and the prices are very volatile, that's it makes us happy

Yup, but if he asked for people out there, I think people will choose to accept the gift as cash because they can use that money to buy something that they need. But in the future, if cryptocurrency has spread in all countries and all people know the benefits of cryptocurrency, the people will choose crypto than cash. They can use crypto for many things, and it's not just online but for offline life too.

Genemind

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We all know that some social media sites especially Twitter is crowded with cryptocurrency lovers so it isn't impossible for most of them to choose digital currency in that survey. The result will still depend on the people who are answering that survey. I'm sure that people who aren't aware of crypto will choose cash over digital currency but if I were to be asked, it should still depends on the amount of gift.

CryptoBry

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Quote from: phillymogul on October 25, 2019, 03:03:28 AM

People are increasingly attracted to receiving money in digital form. The interest in digital cash is a glimpse into the future. The way we exchange funds in the global marketplace is shifting. This could open a broader path for cryptocurrencies as a medium of exchange.
Time will tell. Now is the time to position.

We are now entering the digital era where money is not anymore circulated physically but done electronically. And of course, cryptocurrency is coming at the time when people's interest with digitalization is peaking. Digital payments means convenience as you are not anymore obliged to be bringing lots of fiat money wherever you are going and the money can be transferred to anyone, anytime and anywhere in the world. We are living in a very exciting era and I am so happy and proud to have become a part of this digital age. And I guess this is just the tip of the iceberg, more developments, more infrastructure and more services will be coming our way soon. There is no way that digitalization can be stopped.

Eugenar

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The fact shows how cryptocurrency is now in dominance in the market. Since most of the people chose to have crypto instead of fiats, we can infer that most of the transactions nowadays are transitioning from banks to wacryptowallet address. In this regard, more market adoption awaits when we continue to spend using cryptocurrency.

Fappanu

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Quote from: mk4 on October 25, 2019, 03:20:14 AM

Ehh. Sample size(7461) is too small to be honest, and the poll took place on Twitter, where a lot of bitcoin and crypto people likes to spend some of their time. So the result is nothing surprising to be honest. The "digital currency" vote could probably be around 30% if more non tech-savvy boomers voted on that specific poll.

Yes, the survey was carried out on twitter and we know that on twitter there are many crypto users so we should not be surprised here. But if the survey was conducted in actual conversation and asked a random person I'm sure little or no would vote for Digital Currencies.

Oasisman

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Quote from: Baby Dragon on October 25, 2019, 03:08:49 AM

No wonder why, people are already adopting and accepting digital currency like bitcoin. Some people finally understand how a digital currency works, maybe they realize its value and the advantage on using it. Just like them i'll also choose digital, because it can be used for a lot of other things and its less hassle in making transactions and payments.

Excluding the people who doesn't use twitter or any other kind of social media platform. There are still a lot of people who has no idea about this technology outside the internet world. Of course, those who are already in crypto space will probably choose "digital currency". We cannot make a conclusion out of a poll from Twitter.

mk4

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Ehh. Sample size(7461) is too small to be honest, and the poll took place on Twitter, where a lot of bitcoin and crypto people likes to spend some of their time. So the result is nothing surprising to be honest. The "digital currency" vote could probably be around 30% if more non tech-savvy boomers voted on that specific poll.

Topic: What's your favorite way to receive money as a gift? Cash or digital.. - page 6. (Read 683 times)