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Author Topic: Good or bad? 18% of US students own cryptocurrency  (Read 203 times)
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Ozero
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September 04, 2018, 05:16:27 AM
 #21

For a country like the US, this is very small. For example, I am sure that a large part of South Korean students have a crypto currency. At the same time, 18 percent for the US is practically nothing. Here, apparently, the attitude to the crypto-currency of state bodies and their propaganda that bitcoin is a risky investment of funds has played.

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September 04, 2018, 06:37:23 AM
 #22

18% of US students is nothing to worry about, there's still room for speculative price rise.
If it were 18% of US grandmothers, then I'd say dump it asap!  Cheesy

Haha, good point. But I actually see this type of news as positive, for my personal greedy needs. These are students in college, who by now surely have heard of Bitcoin and who are in possession of enough disposable income without yet having debt or financial commitments. And if they still haven't gotten on board that ship yet, then yeah like you said, still so much room for speculative price rise when their network effect kicks in.

I'd prefer for that rise to not happen before such things like LN are fully in place.

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September 04, 2018, 06:46:53 AM
 #23

IF that is true,then better create more porn sites and topics here since this is what those youngsters need,or mcdonalds and all food chain must accept bitcoin or cryptocurrency to sustain whats this students deman lol😂😂😂

Let the kids play,lallow them to learn about technology,but not the profiteering because they need to enjoy their younger years before entering this riskiest and troubleshooted world of cryptocurrency


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September 04, 2018, 07:16:44 AM
 #24

OP, assuming it's true, I believe 18% of students holding to store value would be very good in my opinion, and it should be Bitcoin, not altcoin scams. Although there are exceptions, those expections still cannot compare to Bitcoin as a good store of value.

Well, the survey doesn't specify how much of that 18% holds Bitcoin, but I'd argue a majority of them are holding scammy alt coins. Pretty much all of the crypto newbies that I know personally are invested in crap alts. It's only a matter of time until they realize they are wasting their time with small cap alts, and should only really focus on Bitcoin. Bitcoin will just need to regain more dominance, it has been doing great lately.

Hahaha then those students, making the OP's assumption that the statistic is an accurate representation of student-holders, will be working some years of their lives to pay off the debts incurred by their stupidity.

I believe there were students who were using their student loans to buy Bitcoin last December, the worst time to buy.


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September 04, 2018, 07:29:17 AM
 #25

I always believe in the truth that when more investors join the market, the market will develop better, and these students are the best investors!

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September 04, 2018, 07:47:50 AM
 #26

I always believe in the truth that when more investors join the market, the market will develop better, and these students are the best investors!

These students had a good future with cryptocurrency and I am thankful that they prefer to be with this companionship. It's better diversion compared of what other young people who were students drowned themselves with non sense social media activities. As they own cryptocurrency their future has a strong foundation for financial stability.

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September 04, 2018, 07:53:03 AM
 #27

Well, it's not like they surveyed students and presented results as representative for the entire population. 675 respondents may not sound impressive but, if the sample was chosen correctly, findings can be fairly accurate.

that is a big IF though.
what I got from their post is that they basically went to top 50 universities in US which already have some sort of course on blockchain technology and ask their students about cryptocurrencies. of course it didn't mention how those students were chosen, if they were from different departments it would be more accurate than if they asked those participating or have participated in one of these classes.

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September 04, 2018, 09:13:00 AM
 #28

...
what I got from their post is that they basically went to top 50 universities in US which already have some sort of course on blockchain technology and ask their students about cryptocurrencies. of course it didn't mention how those students were chosen, if they were from different departments it would be more accurate than if they asked those participating or have participated in one of these classes.

You got it slightly wrong, as per coinbase blog:

Quote
Key Findings
- 42 percent of the world’s top 50 universities now offer at least one course on crypto or blockchain

- Students from a range of majors are interested in crypto and blockchain courses — and universities are adding courses across a variety of departments

So they went to top 50 unis and discovered that 42% of them offer blockchain courses. And they did survey across different departments, there's even this bit (quoted from coindesk article) which I find surprising:

Quote
While 34 percent of computer science and engineering majors indicated interest in learning about the nascent technology, 47 percent of social science majors are interested in the same, according to the survey.



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September 04, 2018, 10:22:28 AM
 #29

I always believe in the truth that when more investors join the market, the market will develop better, and these students are the best investors!

Well, Indeed. If an US students are good investors when it comes to cryptocurrency then it is very good news because nowadays. For me, I think the target users of bitcoin is the teenagers because they are the one who will notice about cryptocurrency and they are the only one who could spread it. For me its a good thing, it will be a bad if they will lured someone thru cryptocurrency.

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September 05, 2018, 12:45:45 PM
 #30

Great news for us, horrible news for banking system in usa. Banks are making students pay so much in debt that the interest rate kills their future incomes. People who graduate and start working usually only have enough money to pay their student loans and rent and barely have enough left to live with the rest.

Hence I think students who get bitcoin are aiming at that future, they want to have some sound investments for the future and they see that bitcoin will worth a lot in the next couple of years and they will be able to at least provide some quick repayments of their debts. Since less people will be at the banks loan crippling debts, banks will not be making as much as they used to.
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