79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin

[westkybitcoins]

Shouldn't that say, "79% of U.S. Consumers..." ?

[LiteCoinGuy]

79% still think bitcoin is some internet coupon used to buy drugs on silkroad

70% don't understand how the fiat system works

70% (including bitcoin users) still think bitcoin is completely "anonymous"



we have a long way to go

yep. about 10-15 years ago, 80% said that they dont need the internet.

[hilariousandco]

Sweet 21% of consumers would consider using Bitcoin.  

Also never is a long time.  I think in the 1970s at least as high of % would have claimed they would never use the internet and in the 1980s a similar percentage would have said they would never use online banking and in the 1990s a similar percentage would have said the same thing about digital downloads, smartphones, gps navigation, etc.

21% is actually a pretty decent percentage. Ask the same people again in a couple of years and I'm you'll get a much larger result.

[Lethn]

About the Survey

OMNITEL is a weekly national telephone omnibus service from GfK, a division of GfK Custom Research North America. The sample for this OMNITEL wave consists of 1,005 total completed interviews, of which approximately 750 consist of landline telephone exchanges and about 250 are made up of cell phone exchanges. Interviews were  conducted from January 24-26, 2014. The margin of error on weighted data is + 3 percentage points for the full sample.

AHAHAHAHAHAHAHAHAHAHAAAAAAAAAA!!! People like this never cease to amuse me, using 1005 people in a poll to try and make it seem like there's a large number of people against something in the hopes that everybody will be focused on the percentages rather than looking at the actual numbers which always tell the whole story.

The world is pretty funny when you pay attention to basic mathematics these guys just want people to get scared of the big percentages like any other political poll, it's the oldest trick in the book.

[FeedbackLoop]

About the Survey

OMNITEL is a weekly national telephone omnibus service from GfK, a division of GfK Custom Research North America. The sample for this OMNITEL wave consists of 1,005 total completed interviews, of which approximately 750 consist of landline telephone exchanges and about 250 are made up of cell phone exchanges. Interviews were  conducted from January 24-26, 2014. The margin of error on weighted data is + 3 percentage points for the full sample.

AHAHAHAHAHAHAHAHAHAHAAAAAAAAAA!!! People like this never cease to amuse me, using 1005 people in a poll to try and make it seem like there's a large number of people against something in the hopes that everybody will be focused on the percentages rather than looking at the actual numbers which always tell the whole story.

The world is pretty funny when you pay attention to basic mathematics these guys just want people to get scared of the big percentages like any other political poll, it's the oldest trick in the book.

75% landline exchanges... interesting... Also, who has the time to answer those interviews? on those... landlines?

[Lethn]

You'll see this kind of trick used in all the polls, believe me, I think I pointed it out in an earlier post too but that was a long while ago, these polls aren't worth paying attention to at all, you'd get better results from a random internet survey or posting a poll here.

[FeedbackLoop]

You'll see this kind of trick used in all the polls, believe me, I think I pointed it out in an earlier post too but that was a long while ago, these polls aren't worth paying attention to at all, you'd get better results from a random internet survey or posting a poll here.

Well, I wouldn't go that far. As long as the methodology is clear they can provide insights and it's generally good that someone is paying for them and sharing even if the survey is limited in scope.

Interpretation and abusive extrapolation is were things usually get messy, the "make it seem" like you say.    The headline here is definitely a bit unfortunate as it implies that those 79% gave careful consideration to something they never heard of or barely know... and the focusing on the 79% rather than on the complementary number which is quite surprising at this stage like so many people posted.

[megalodonk]

Do you feel that the bitcoin purchases on exchanges are mainly for speculation purposes and shorting or do people mainly acquire it for buying goods with it?

I think it is the first reason but could I be wrong?

It was asked in the poll; Would you rather own gold or bitcoin? - What was the purpose of this question? Of course almost anybody would answer gold when everyone knows what gold is and it is always an easier answer than bitcoin.

I suggest that this poll is irelevant in terms to comparing bitcoin to gold but more relevant to measure how well bitcoin is actually accepted as almost 20% of people answered they would rather own bitcoins!! that is truly amazing...

[kireinaha]

The Internet of 30 years ago was vastly different than it is today, maybe some of you are too young to realize that. Bitcoin, the currency, is a service that runs atop them bitcoin protocol. Perhaps in the future coins will be easier to obtain and easier to spend and protect, but what we've got now is basically the final product. Just like e-mail really hasnt changed radically since the days of AOL. So everyone arguing that people don't "get" bitcoin yet are making moot points.

If you want to talk about the protocol, then yes, I believe it could develop into something big and radically different from today. But since most of us are invested in the currency foremost and not the protocol itself, it's not particulary relevent to this discussion.

[AltorXP]

21% is more than enough. The others are just ignorant.

If BTC recieved more news coverage (actually explaining the technical details of BTC), then I'm sure that 21% would become 45-50%
If the price stabilizes, and bad exchanges go out of business, I'm sure they would

[FalconFly]

Hm... according to the infographic, it looks like they more or less put BTC in survey competition with gold...
That's no competition really.

On the positive side, the "critical mass" of at least ~10% seems to have been clearly crossed. That means BTC does have the potential to go viral and accelerate growing its userbase, which IMHO is the main result of the survey. Just a few years ago, these figures would have been quite different. Quite a development for a mere ~3 years.

Outcome still unknown but technically, it has the potential.

[rafamadeira]

21% is a lot of people.


Opinions change.

[bitprick12345]

This is why 80% of the wealth is held by 20% of the people.

[BadBear]

Wow i am surprised 21% of people in the world consider use bitcoins.

This, not long ago it would have been 1%.