[2018-1-1]Bitcoin's gender divide could be a bad sign, experts say

[hugeblack]

Women will get more involved in the cryptocurrency world when — and if — it becomes less risky

Cryptocurrency is a form of digital currency traded between people or used to purchase goods outside of banks or government regulation — that's part of what makes it risky. Figuring out exactly who is putting money into this kind of asset is difficult because part of the attraction of investing in the crypto realm is the assurance of anonymity.

But survey after survey backs up what the anecdotal evidence suggests — women are underrepresented.  

Google Analytics results put the divide at 96.57 per cent men to 3.43 per cent women.

That's a huge red flag to Duncan Stewart, research director of Deloitte Canada's technology division.

"It isn't merely that the value has risen as far and as fast as it has; it's the fact that it's 97 per cent men — that is, in and of itself, a potential danger sign," he says.

"There are studies out there that suggest men are predisposed towards bubbles in a way that women are not."

Stewart made his case in a recent online post about the subject. Stewart said he "cannot think of any security, currency or asset class in history that shows that extreme a gender divide and has been sustainable."

Source http://www.cbc.ca/news/business/bitcoin-s-gender-divide-could-be-a-bad-sign-experts-say-1.4458884

[Taki]

There is nothing strange in that. Men are always number one in technologies, with auto transport and robots it is the same. How many women are interested in such things? Also few.
Well, I am a girl which can be included in this 3.43% and I can admit that in the most beginning when my husband was trying to involve me I thought that's all crap for nerds. I suppose many of girls thought the same.

[dave111223]

That's the most stupid thing i have ever read, if anything, it shows the opposite, that it's not too much mainstream yet

[TraderTimm]

No one is stopping women from "engaging".

Its an open-source project, the clients are free to download as is the codebase.

If they CHOOSE not to, it isn't on anyone in the Bitcoin ecosystem to have "woman engagement quotas". Just another article pushing the usual "inclusive" agenda without understanding what both genders prefer. The cherry on top is how this is supposed to "prove" its a bubble.

Hey idiots, we've been through several massive rallies and declines over the years - look at a long term chart and do some fucking research next time.

[iamTom123]

There is nothing strange in that. Men are always number one in technologies, with auto transport and robots it is the same. How many women are interested in such things? Also few. Well, I am a girl which can be included in this 3.43% and I can admit that in the most beginning when my husband was trying to involve me I thought that's all crap for nerds. I suppose many of girls thought the same.

History showed us that men are more pioneering in spirit compared to women and I am assuming that men are more into risk-taking compared to women. However, I believe that there are now more women into cryptocurrency compared to the first five years of Bitcoin. And we need to encourage more women to be part of the world of Bitcoin and cryptocurrency to balance things out. Maybe at least 70% men and 30% can be good enough for the next three to five years though if we can go beyond the number then much better. Now, the next question is: How can we encourage more women to participate in the Bitcoin movement given the its volatility aspect?

[baradfo]

Yes women are underrepresented due to the fact that there are few women in the stem fields to begin with. Since cryptocurrencies are within the stem field the statement would be a "duh" factor. When it comes to technology women are underrepresented throughout history. If more women get in stem through their formative years they would be more engaged in stem fields.

[squatter]

No one is stopping women from "engaging".

Its an open-source project, the clients are free to download as is the codebase.

If they CHOOSE not to, it isn't on anyone in the Bitcoin ecosystem to have "woman engagement quotas". Just another article pushing the usual "inclusive" agenda without understanding what both genders prefer. The cherry on top is how this is supposed to "prove" its a bubble.

Did you even read the article, or just the title? The author isn't suggesting that Bitcoin must be "inclusive" or have "woman engagement quotas." I'm guessing you have some deep-seeded political views that you are projecting here.

The author is merely pointing out a correlation. Correlation =/= causation, but correlations are often quite valuable for analysis. There's no reason to get upset just at the mention of it. Anyone trying to project accusations of SJW intentions here is likely very biased and didn't actually consider the scope of the article.

[darkangel11]

That's the most stupid thing i have ever read, if anything, it shows the opposite, that it's not too much mainstream yet

Exactly!
There are very little women in the cryptocurrency market, this means it can be a bubble! This is certainly the dumbest thing that I've read today. It's going from an assumption to an assumption.

This reminds me of this study:
Men cause 6.1 million accidents per year and women cause 4.4 million per year (National Highway Safety Administration)

Does this mean that men are worse drivers? No.
Because: On average, men drive 16,550 miles and women drive 10,142 miles per year

If you're going to work 7 times a week and someone else 4 times, it's normal that you will be more inclined to have an accident.
You just can't blindly jump into conclusions like mr. Stewart did and then use it to support your bubble claims.

[gentlemand]

Of course things are bubbly and of course men are more attracted to tech and suicidal risk. I don't really know why this fella was paid to tell us this.

Lovely ladies will arrive in time when it's calmed down. In the meantime they'll enjoy thinking about kittens and keeping a nice house.

[Qartersa]

Of course things are bubbly and of course men are more attracted to tech and suicidal risk. I don't really know why this fella was paid to tell us this.

Lovely ladies will arrive in time when it's calmed down. In the meantime they'll enjoy thinking about kittens and keeping a nice house.

What makes you think that only men are attracted to tech and high risk ventures? This is a classical gender stereotyping the world should have left behind a long time ago. There is no clear evidence that this is a fact and that the love for tech is just a male thing. Indeed the world has been dominated by men in terms of tech starters, but mind you that there are women in the industry. Probably the reason why there aren't much famous women in the tech world is just really because of the fact that there is this gender bias which has prevented women from moving forward in that industry.

[gentlemand]

There is no clear evidence that this is a fact and that the love for tech is just a male thing.

Go to anything techy and/or risky and check the contents of everyone's underwear. That'll be clear enough evidence for anyone who wants to seek it out. It may or may not be sexist but it is how it is at present.

[uslfd]

How is that a bad sign?
if you look around at all the IT departments in any company, there are a lot more males than females - so what does that represent?

[TagaMungkahi]

I don't see the relevance of having a small percentage of Women's engagement on Bitcoin as a bad sign. Too early to say this since Bitcoin hasn't gone mainstream yet and not yet even completely ,widely and globally accepted. Anyway, I see this article as a guide that suggests that having a balanced number of Women and Men on Bitcoin can help the stabilization of Price--based on the study that suggests that mean are predisposed on bubbles in a way that women are not.

[CryptoBry]

That's the most stupid thing i have ever read, if anything, it shows the opposite, that it's not too much mainstream yet

Exactly! There are very little women in the cryptocurrency market, this means it can be a bubble! This is certainly the dumbest thing that I've read today. It's going from an assumption to an assumption. This reminds me of this study:
Men cause 6.1 million accidents per year and women cause 4.4 million per year (National Highway Safety Administration)
Does this mean that men are worse drivers? No. Because: On average, men drive 16,550 miles and women drive 10,142 miles per year. If you're going to work 7 times a week and someone else 4 times, it's normal that you will be more inclined to have an accident. You just can't blindly jump into conclusions like Mr. Stewart did and then use it to support your bubble claims.

Thanks for putting things on the right perspective. The whole Bitcoin and cryptocurrency market is open to anyone regardless of sexual orientation and we should not even limit it to the traditional men and women divide because right now we also have the LGBT community which am sure many of their members or supporters can be inclined to also support cryptocurrency. Now, am wondering, if there would be a balance between sexes...does it mean that there would be less volatility and that there would less likelihood of a bubble?

[TagaMungkahi]

That's the most stupid thing i have ever read, if anything, it shows the opposite, that it's not too much mainstream yet

Exactly! There are very little women in the cryptocurrency market, this means it can be a bubble! This is certainly the dumbest thing that I've read today. It's going from an assumption to an assumption. This reminds me of this study:
Men cause 6.1 million accidents per year and women cause 4.4 million per year (National Highway Safety Administration)
Does this mean that men are worse drivers? No. Because: On average, men drive 16,550 miles and women drive 10,142 miles per year. If you're going to work 7 times a week and someone else 4 times, it's normal that you will be more inclined to have an accident. You just can't blindly jump into conclusions like Mr. Stewart did and then use it to support your bubble claims.

Thanks for putting things on the right perspective. The whole Bitcoin and cryptocurrency market is open to anyone regardless of sexual orientation and we should not even limit it to the traditional men and women divide because right now we also have the LGBT community which am sure many of their members or supporters can be inclined to also support cryptocurrency. Now, am wondering, if there would be a balance between sexes...does it mean that there would be less volatility and that there would less likelihood of a bubble?

Agree, Cryptocurrency is open for anyone regardless of gender/orientation or whatsoever. Well,The Article suggests that women is capable of handling things like bubble but it was a general assumption for the whole women and men who's in Bitcoin. As of now with the current number of people who adopted/ who owns Bitcoin is not enough basis to accept what the article suggests. I guess we should shrug it off.

[buwaytress]

Women already are involved in blockchain and crypto - even if Bitcoin itself suffers from low adoption among women. But all these statistics aren't surprising. Women have always been poorly represented in technology - this is something we have known for a very long time, with reasons wide and varied (you can't tell us that after decades, technology is still considered risky?).

I'm not sure women these days would take too kindly to the chemical predisposition of being risk averse, at least not financially. If knowledge and awareness about Bitcoin were as channeled and mainstreamed as say, online gaming (where women are now almost half of the gaming population thanks to increased targeting and mainstreaming of awareness and advertising), then you'd see a pick up in trends.

Experts.

[J. Cooper]

"There are studies out there that suggest men are predisposed towards bubbles in a way that women are not."

Are you genuinely taking the piss? This is got the be one of the dumbest things I've heard being in crypto for nearly an entire year. These guys should stop trying to justify their bubble theory with all these outrageous claims.

That's the most stupid thing i have ever read, if anything, it shows the opposite, that it's not too much mainstream yet

If you're going to work 7 times a week and someone else 4 times, it's normal that you will be more inclined to have an accident.
You just can't blindly jump into conclusions like mr. Stewart did and then use it to support your bubble claims.

That's a valid point right there. There are still a lot more men involved in the financial space than women, so it's only logical that the share of men supposedly being predisposed towards bubbles is bigger.

[cybersofts]

Of course things are bubbly and of course men are more attracted to tech and suicidal risk. I don't really know why this fella was paid to tell us this.

Lovely ladies will arrive in time when it's calmed down. In the meantime they'll enjoy thinking about kittens and keeping a nice house.

I don't see anything wrong with the stats because some games belongs to the boys! Girls are not made to handle heavy pressure or involve in taking huge risk like Cryptos. One thing i noticed about girls, they don't really like anything that involved in taking risk at all because they are always scared of losing unlike boys. Girls are afraid of putting themselves in to an awkward situation while we boys are the trouble makers - we can get in to anything if we can make money regardless of how risky it is.    

[Samarkand]

... If knowledge and awareness about Bitcoin were as channeled and mainstreamed as say, online gaming (where women are now almost half of the gaming population thanks to increased targeting and mainstreaming of awareness and advertising), then you'd see a pick up in trends.

Experts.

Do you have a source for this claim?

I acknowledge that women are increasingly
interested in computer gaming, but I have my doubts that they already
make up almost half of the gaming population. I think men still make up
the large majority of consumers, who are into gaming.

[Xavofat]

No one is stopping women from "engaging".

Exactly - hence the article arguing that the fact that men have overwhelmingly decided to engage is a potentially negative sign for the future price.

it isn't on anyone in the Bitcoin ecosystem to have "woman engagement quotas"

Who are you quoting?  Certainly not the article, because the article doesn't mention that at any point.  Maybe next time you structure an argument you could try making it against the actual topic rather than an unrelated one.

There is nothing strange in that. Men are always number one in technologies

This is true, but not necessarily to the same extent.  If the Google Analytics stats reflect the users as a whole, I strongly doubt that most other tech circles are as male dominated as this one.