[2018-09-06] 72% of Consumers Plan to Buy More Cryptocurrency, New Survey Finds

[Jgilpulg]

Investors are keeping their faith in the crypto industry, as shown by the results of a September 5th SharePost survey entitled Cryptocurrency and Blockchain Survey: Consumers Bullish, Investors Cautiously Optimistic.

https://bitcoinist.com/sharepost-newest-survey-consumers-and-investors-are-bullish-regarding-crypto-industry/

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[RockAlina]

That basically shows, that people are interested in crypto. Hope market manipulation will end soon. We need additional market regulations.

[AntonioCR]

Why market is down then?

[milewilda]

That basically shows, that people are interested in crypto. Hope market manipulation will end soon. We need additional market regulations.

Manipulation wont end as long there are people who are on top spots holding up hundreds of thousands of coins either on BTC or other altcoins.Even on forex and stocks manipulators do exist and just to tell you market regulation wont really be a solution because crypto doesnt really work that way.

Why market is down then?

Just only on surveys but on actual thing when they do saw the market is falling they do surely changed their minds so it doesnt really make any difference at all.

[Betwrong]

Seeing news like this I'm more and more inclined to think that Bitcoin price is falling not because some noobs perform panic selling, but rather because whales dumping big amounts tired to wait for higher increase. If there were enough buyers, their selling wouldn't affect the market at all (and that's why we need much wider adoption than it is now), but for the time being, while Bitcoin is used by much less than 1% of the world's population, whales are holding all the trumps. We, regular users, can't do anything to change the situation. What we can do is wait until the people, about whom the article is saying, will buy up all the dumped coins, and the price will start rising again due to constantly rising adoption. The good news is that the whales are not holding unlimited amounts of BTC and that they will run out of it eventually. And imo this may happen much sooner than one might expect. Just think of it. There are 36 million millionaires in the world, and there will be only 21 million BTC ever. If everyone of them wants to have 1 whole Bitcoin, they are already late.

[magneto]

The thing is that they don't say in the article who are the participants, where they are selected, how they are selected and whether they were totally randomly picked out of the crowd.

I think that the data is most likely skewed. If you interview actual random consumers across the world, no way 72% of them plan on buying more bitcoin in the future. That's just absurd given the current adoption levels. It could be well possible that the majority of the respondents are chosen because they are bullish on crypto already.

There has to be some sort of data bias that they are not pointing out here, and I wouldn't use these stats as grounds to be bullish at the moment. Bull market is going to come eventually, but not right now with the bear market still within sight and the market sentiment overall still being bearish, with the bottom being uncertain still.