[2017-06-19] Malaysian Bitcoin Users Divest Carefully Into LTC and ETH

[ivanpoldark]

Luno has published results of a survey conducted from its Malaysian userbase. The findings yield fascinating insights into the development and psychology of the Malaysian cryptocurrency community.

Approximately 60% of Survey Respondents Described Their Engagement With Cryptocurrency as Being Financially Motivated

A recent survey conducted by Luno provides a fascinating insight into the development, motivations, investment style, and trading psychology of the Malaysian bitcoin community.

Approximately 60% of survey respondents described their engagement with cryptocurrency as being financially motivated. 15% described their bitcoin activities as conducting trading/speculation, whereas nearly 45% of users describe such as a long-term investment. The remaining 40% of survey respondents cited practical use-values like financial autonomy and fast, fluid payments as their principal use of bitcoin – a common finding among nations with an authoritative governing style.

The survey illustrated tentative uptake of alternative cryptocurrency adoption on the part of Malaysian bitcoin users. 52.6% of respondents have solely purchased bitcoin, with 47.4% reporting that they have purchased cryptocurrencies other than bitcoin.

More to read
https://news.bitcoin.com/malaysian-bitcoin-users-divest-carefully-into-ltc-and-eth/

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[hfaffiliates]

bitcoin is new revelation for world. now Malaysia then some other country. day by day it will be grow up. after some year every on use bitcoin.   

[Windpower]

Luno has published results of a survey conducted from its Malaysian userbase. The findings yield fascinating insights into the development and psychology of the Malaysian cryptocurrency community.

Approximately 60% of Survey Respondents Described Their Engagement With Cryptocurrency as Being Financially Motivated

A recent survey conducted by Luno provides a fascinating insight into the development, motivations, investment style, and trading psychology of the Malaysian bitcoin community.

Approximately 60% of survey respondents described their engagement with cryptocurrency as being financially motivated. 15% described their bitcoin activities as conducting trading/speculation, whereas nearly 45% of users describe such as a long-term investment. The remaining 40% of survey respondents cited practical use-values like financial autonomy and fast, fluid payments as their principal use of bitcoin – a common finding among nations with an authoritative governing style.

The survey illustrated tentative uptake of alternative cryptocurrency adoption on the part of Malaysian bitcoin users. 52.6% of respondents have solely purchased bitcoin, with 47.4% reporting that they have purchased cryptocurrencies other than bitcoin.

More to read
https://news.bitcoin.com/malaysian-bitcoin-users-divest-carefully-into-ltc-and-eth/

Great to see that Bitcoin is now spreading across the world, however, I don't think it is good to see that people are now solely invested into Bitcoin. Although Bitcoin is definitely a good investment, the price is extremely volatile and it is definitely a good idea to spread out your assets over multiple altcoins as well as other investments such as gold and stocks. If you read the article on Bitcoin.com, you will see that less than half of the people who are using cryptocurrencies in Malaysia have actually invested into other cryptocurrencies. And if you dig deeper, you will find out that their favourite altcoin to invest in is Ethereum with over 50 percent of people investing into it. The other alts have very small percentages but it is still good to see that more and more countries are getting involved in the cryptocurrency community.

[Slow death]

Luno has published results of a survey conducted from its Malaysian userbase. The findings yield fascinating insights into the development and psychology of the Malaysian cryptocurrency community.

Approximately 60% of Survey Respondents Described Their Engagement With Cryptocurrency as Being Financially Motivated

A recent survey conducted by Luno provides a fascinating insight into the development, motivations, investment style, and trading psychology of the Malaysian bitcoin community.

Approximately 60% of survey respondents described their engagement with cryptocurrency as being financially motivated. 15% described their bitcoin activities as conducting trading/speculation, whereas nearly 45% of users describe such as a long-term investment. The remaining 40% of survey respondents cited practical use-values like financial autonomy and fast, fluid payments as their principal use of bitcoin – a common finding among nations with an authoritative governing style.

The survey illustrated tentative uptake of alternative cryptocurrency adoption on the part of Malaysian bitcoin users. 52.6% of respondents have solely purchased bitcoin, with 47.4% reporting that they have purchased cryptocurrencies other than bitcoin.

More to read
https://news.bitcoin.com/malaysian-bitcoin-users-divest-carefully-into-ltc-and-eth/

Good to know that bitcoin is having a lot of acceptance in Malaysia

I was surprised they did not talk about monero or dash


"The most popular altcoin in Malaysia is Ethereum, with 56.4% of survey respondents stating that they have purchased ETH tokens. The second most popular altcoin market among Malaysia is Litecoin, with 7.4% of survey respondents reporting having purchased LTC tokens. This apparent hesitation on the part of the Malaysian cryptocurrency community to enter alternative cryptocurrency markets may signify that the more technical applications of newer altcoin projects are not as suited to the needs of the Malaysian economy."

[peter0425]

I think Malaysia can a lot of catching up to do specially in the Crypto world. Its neighbors has been in bitcoin friendly like The Philippines. Well its good to hear that at they know and have invested in some of the coins. I think maybe give them a few more years and bitcoin or altcoins and we will seeing Malaysia joining the picture in this market.