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Author Topic: [2018-08-11] New Survey Finds 50% of Americans ‘Willing to try Out’ Bitcoin  (Read 134 times)
moriskarlov
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August 11, 2018, 11:22:33 AM
 #1

A new poll conducted by analytics firm Harris Insights and cryptocurrency startup Gem revealed that 50 percent of the respondents are inclined to try out the asset class. The survey also revealed that those with lower incomes are more likely to buy Bitcoin.

THOSE WHO EARN MORE, INVEST LESS

A new survey jointly held by a cryptocurrency startup and analytics company held among 2,000 adults reveals that half of the respondents are “willing to try out the new asset class”, Fortune reports.

The poll also reveals that around 8 percent of the interviewed have already invested and their preferred cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

Interestingly enough, those who earn more, invest less. Only six percent of the households earning more than $100,000 per year own some digital currencies while this number grows to 11 percent in those earning between $50,000 and $74,900.

What is more, even those earning less than $50,000 invest more – around 7 percent of them own cryptocurrencies, according to the survey.

See more - https://bitcoinist.com/survey-50-percent-buy-bitcoin/

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August 11, 2018, 11:28:19 AM
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50% is a lot. seeing bitcoin on TV and celebrities like Kim Kardashian showing their BTC in the public, it should make American interested to it. one day we'll never know some of your friends you often don't see get involve to something very techie would surprise you because they got some altcoins and the only time you discover is when they lost their coins because of phishing sites  Grin

          
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August 11, 2018, 12:48:53 PM
 #3

Americans do not live in isolation from the rest of the world. Despite the agitation of some government agencies that crypto-currency, and above all bitcoin, are risky to invest, they are still interested in crypto currency, which is normal. In the future, their interest in the crypto currency will only increase. This is good, because a huge market.
The fact that Americans with a smaller amount of income is more invested in the crypto currency, this is also logical. Who has a lower profit expects additional profit from the crypto currency
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August 11, 2018, 08:09:12 PM
Last edit: August 13, 2018, 11:51:48 AM by veleten
 #4

don't know which poll to believe-just below there was another poll
stating that only 5% of americans wanted to invest in cryptocurrencies, this is not 50% not even 20% - 5%!
I realise that the representation of 2.000 people is not enough ,but if chosen properly it could give a pretty correct picture
how could 50% want to try out bitcoins if more than a half (according to another survey) have never heard about it?

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August 11, 2018, 10:35:15 PM
 #5

don't know which poll to believe-just below there was another poll
stating that only 5% of americans wanted to invest in cryptocurrencies, this is not 50% not even 20% - 5%!

It'll largely differ depending on how they frame questions and who they ask. I've seen poll results suggesting that ~5% of Americans own cryptocurrency, so the 8% figure doesn't surprise me too much.

This is quite different: Being "willing to try out" BTC is a far cry from actually going out and buying it. I'm willing to try out lots of things, but that doesn't mean I'm going to research and spend money on all of them.

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August 12, 2018, 05:13:19 AM
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Hope one day bitcoin usage will be as popular or more than the visa and master card...

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August 12, 2018, 08:07:29 AM
Merited by hilariousandco (1)
 #7

Harris Insights & Analytics has been in business since 1963. It is respected market research firm well known for "The Harris Poll". People of the highest position, including John F. Kennedy and Ronald Reagan, were taking their advices, so we have every right to think that their survey is legit, but I'm afraid that they have done it wrong this time. Most likely it is because the poll was conducted by Harris Insights and cryptocurrency startup Gem and thus all of the 2,000 respondents were familiar with crypto, while in fact most Americans still don't. Of course I would be happy to believe that 50% of Americans are willing to try out Bitcoin, but I'm afraid this is not the case yet.

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August 12, 2018, 08:17:57 AM
Merited by hilariousandco (1)
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We cannot really assume that the 1000 Americans (50%) willing to invest in cryptocurrency would really invest in the market. You know what would be better? If Harris Insights will conduct a follow-up survey to those 2,000 or only the 1,000 Americans (who are willing to invest) if they really have invested in the cryptocurrency market in some time frame let say 6 months after the first survey was done. By doing so we will know who really in that population have invested in the market. We can't really count "willingness" as demand in the market.

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August 12, 2018, 03:59:02 PM
Merited by hilariousandco (1)
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This is quite different: Being "willing to try out" BTC is a far cry from actually going out and buying it. I'm willing to try out lots of things, but that doesn't mean I'm going to research and spend money on all of them.
Funny is that those who end up "trying" Bitcoin during a bull run, which is when most no-coiners finally start to dig into crypto, will see how crazy high the fees are and go for something else or withdraw themselves completely.

If there is also a bear market afterwards making sure the value of their coins tanks real hard, they will probably wish they never entered crypto in the first place. Nah, I'm not buying these average joe surveys.

People need to be correctly motivated and incentivized to enter crypto. It should be to escape from your shitty fiat currency, just like what's happening in Turkey. The Lira has gone down a lot hurting every average joe there.
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August 12, 2018, 05:02:53 PM
 #10

This doesn't really tell you much. If you stopped the average person on the street and asked them if they'd be willing to try a new flavor of ice cream, or a new cell phone or new type of toilet paper they'd probably say yes. The bigger question is what percentage of those 50% are actually going to take the dive and actually try bitcoin? Probably not many. Maybe they will eventually especially if the price skyrockets again and it gets more media coverage but I wouldn't take anything from this article.
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August 13, 2018, 04:22:58 PM
 #11

don't know which poll to believe-just below there was another poll
stating that only 5% of americans wanted to invest in cryptocurrencies, this is not 50% not even 20% - 5%!
I realise that the representation of 2.000 people is not enough ,but if chosen properly it could give a pretty correct picture
how could 50% want to try out bitcoins if more than a half (according to another survey) have never heard about it?


Exactly , there is no info and how and  who was interviewed.
The article states that 2000 adults but then mentions young people. How they define these age groups..

More stats would be useful to understand how precise this info could be, at this point 50% seems quite steep.

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August 15, 2018, 02:44:54 AM
 #12

Of course those people who have lower incomes are more willing to take a chance because they need more money and bitcoin is offering that. They  look at bitcoin just like a lotto who can make their dreams come true while those earns so much does not have to do those risks because they are in a good state and they can buy bitcoin anytime they want to.

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August 18, 2018, 01:21:40 PM
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Hope one day bitcoin usage will be as popular or more than the visa and master card...
It will be a hard time for bitcoin to reach such status. Some other currency will surely being used one day in that sense. I'd got my dibs on tron, bcc or ripple maybe. Bitcoin will always be the underlining currency for this market.
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August 19, 2018, 04:42:49 PM
 #14

It's very good that they want to try, new people will bring in new money that's already growth. I think that quite a small part of the world's population knows about crypto-currencies, when it all comes to a new level it will be very interesting to see)
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