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Author Topic: I conducted a survey Crypto vs Gold investment  (Read 145 times)
stompix
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December 30, 2017, 05:52:02 PM
 #21

Keep in mind that crypto is much larger in East Asia, and compared to gold it's brand spanking new.

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?

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

Nice throwing in a paid link with no quotes.
But since this is the net and you can always find things for free (wasted 20 minutes on this), I'm going to ask you something.

1) Do you know how that "research" was conducted and what are the sources?
2) Have you read all the material?
3) Have you compared percentages of "users" vs percentage in world population
4) Care to quote the lines where that "research" claims Asia holds the largest slice of the pie?



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December 30, 2017, 05:58:17 PM
 #22

Appreciate this kind of survey. I think the result is very likely and I believe 14.8% is a big figure here. I never thought this much people out of 739 people would go for crypto currency rather than golds. 15.9% still don't know about bitcoins or crypto currency, it was pretty unfortunate. I thought at most 10% would not have any idea what crypto currency is. Well, good survey, thanks for sharing it.
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December 30, 2017, 06:09:26 PM
 #23

Appreciate this kind of survey. I think the result is very likely and I believe 14.8% is a big figure here. I never thought this much people out of 739 people would go for crypto currency rather than golds. 15.9% still don't know about bitcoins or crypto currency, it was pretty unfortunate. I thought at most 10% would not have any idea what crypto currency is. Well, good survey, thanks for sharing it.

Welcome. It's also worthy to note that 10% of males don't know what crypto is, vs 20% for females.
snipetr
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December 31, 2017, 11:13:46 AM
 #24

Yes, that is obvious. Because gold is traditionally the choice of investment due to its stable increasing value in international markets, it's physical appearance and governments control and regulations about it.
And as compared with gold cryptocurrency have no physical presence and no one have control on it, its value fluctuating all the times, hence high risk for trading.
pitiflin
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December 31, 2017, 11:24:47 AM
 #25

That 14% you got there who told that they will invest in crypto because of crypto getting mainstream and popular this year. Other wise almost there would be a difference of atleast 1 person is every ten people would be knowing crypto. Gold will continue to dominate for decades and after it gets extinct in the mines, the demand for it may increase even more which would question the demand of crypto at some point. There is a lot to question when it comes to crypto and we the users itself still remain unanswered.


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Philipping
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December 31, 2017, 05:31:30 PM
 #26

Gold investment is better because  all Crypto without real support from governments which make some risk and always need to exchange it into cash "if government stop exchange your Crypto will be lost its value "
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May 05, 2018, 11:25:52 AM
 #27

IF you are using two things for earning and trading things then you may compare in the term of profitability as trader and you can rely with the profit ratios,

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May 05, 2018, 12:21:21 PM
 #28

Gold is better investment compare to bitcoin. Gold is popular and you can invest even you do not know how to use internet. In bitcoin you need to use internet to invest and other people like senior citizen do not know how to use computer.
stompix
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May 05, 2018, 12:32:09 PM
 #29

Gold is better investment compare to bitcoin. Gold is popular and you can invest even you do not know how to use internet. In bitcoin you need to use internet to invest and other people like senior citizen do not know how to use computer.

That is like meat is good for the lion, grass is good for the cow.
Investments are ranked by the returns and the risks not by the accessibility.

Investing in gold if far more troublesome in reality, what are you going to do, buy gold from a store or a bank at inflated prices and then shave another 10% of the profits when you sell it?  Do you think senior citizens are experts in gold and none have ever got scammed by buying poor quality gold, sometimes not even 14k at full price?



bitfocus
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May 05, 2018, 12:40:07 PM
 #30

Everybody knows and values gold, but not everybody knows Bitcoin as Bitcoin is still new to the world, time will help bitcoin grow more public interest.
CASTIEL05
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May 05, 2018, 12:59:25 PM
 #31

In just 1 decade of existing, I don't bitcoin already absorb by humanity in comparison to the gold who already knew by the people. If we will compare both of it in age, gold has advantage in bitcoin specially, most of the people right now are ignorant in cryptocurrency. For sure, if you will ask it in the next 1 decade, the answer will be bitcoin.


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jseverson
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May 05, 2018, 01:25:59 PM
 #32

In just 1 decade of existing, I don't bitcoin already absorb by humanity in comparison to the gold who already knew by the people. If we will compare both of it in age, gold has advantage in bitcoin specially, most of the people right now are ignorant in cryptocurrency. For sure, if you will ask it in the next 1 decade, the answer will be bitcoin.

I agree, but for this survey specifically, only roughly 16% don't know what Bitcoin is, and the overwhelming majority still chose gold. I would also like to note that the question is theoretical so the knowledge, or lack thereof, of how to actually put in an investment shouldn't be too big of a factor.

I'm not as confident as you as to say that it would be deemed better by the majority in just a decade, but that definitely could be the case once scalability is addressed. Right now, I'm convinced majority would choose gold even if they knew what Bitcoin was and how it worked.

Svafnir74
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May 05, 2018, 01:34:26 PM
 #33

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.

People still know very little about bitcoin and cryptocurrencies. This is in spite of the fact that bitcoin is now becoming popular. It takes a long time before people understand the benefits of investing in cryptocurrencies. In 10-12 years I think gold will be in second place after bitcoin.
decidedung
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July 10, 2018, 04:18:17 AM
 #34

Thank you for your stats, but since the twiter is not the most general platform, the truth of your stats is not really comprehensive.
renata.tuncha@ex.ua
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July 17, 2018, 09:47:37 PM
 #35

Like I did a research too, and I think that it is the best solution to invest in ICO projects such as Socratus. It is an insurance ecosystem which provides a digital platform with instant claim payment products for insurance companies, so any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. In my opinion, it is good that they work with different kinds of insurances such as property, flight delay, cyber insurance and the core aim of the project is to help insurance companies to save their money and get their business on a new level. Like, they can help the insurance company to lower expenses from 15% to 25% on claims handling and operational expenses. Moreover, they powered by Smart-contracts & Socratus Oracles. It means that there is no more solo human decisions to pay or not to pay, no more lingering manual claims handling procedures. I think this is really cool and it seems like an innovative and demanded project.
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