[2018-11-07] One in five Brits think Bitcoin will be ‘as common as cash or card’

[gentlemand]

https://yougov.co.uk/topics/economy/articles-reports/2018/11/07/one-five-brits-think-bitcoin-will-be-common-cash-o

Finally a survey with some results that seem faintly plausible. 4% of Brits reported buying some crypto. That still feels on the high side but rather more believable than the penises who tell us 19% of Turks have some.

Not sure what the sample size is but they have 800,000 members that they tap on varying subjects.

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[Carlton Banks]

How many people would refuse even an informal survey?

For instance, when enthusiastic strangers occasionally talk to me about crypto (and I can count the number of times it happens on 1 hand), I tend to feign disinterest, despite them being desperate to give me a crypto-baptism. If they talk too much about it to complete strangers, they're the wrong person to exchange any personal interests with, no matter the subject.

How many people like me d'ya think sign up for consumer polling organisations? How many people like me d'ya think are bitcoiners?

[LeGaulois]

I visited the link and saw the logo YouGov, I closed the tab and didn't bother to read.
It's an incentive survey so people have been paid to take it. And since it's a paid one, people always try to reply what the system wants to get the money (it varies from $0.50 to $5) And I know very well where these surveys are submitted. Which explain the survey results, otherwise the result would be surely different.
And knowing the audience I can tell you that over 80% of them know cryptocurrency, and perhaps about 15-20% use it

[KryptoKai]

People are weird because they will only buy in when it pumps so they will buy when the market is high like last year. Then they complain that they lost it when the bear market happens. Buy now people!

[davis196]

https://yougov.co.uk/topics/economy/articles-reports/2018/11/07/one-five-brits-think-bitcoin-will-be-common-cash-o

Finally a survey with some results that seem faintly plausible. 4% of Brits reported buying some crypto. That still feels on the high side but rather more believable than the penises who tell us 19% of Turks have some.

Not sure what the sample size is but they have 800,000 members that they tap on varying subjects.

Yeah,brexit is coming and britains will gonna buy bitcoin like crazy. Or maybe not...Who knows?
The british pund will go down for sure.Lots of businesses will move out of Great Britain.Bitcoin looks like a good financial asset that will keep the value of their savings.

[BLAST2MARS]

I believe that most of the first world countries think that way. They are always ahead of many countries and just like Japan they are also always close thinking about the future. While those poor countries will think first and how they will prosper instead of thinking about bitcoin as a new way payment.

[Naida_BR]

I believe that most of the first world countries think that way. They are always ahead of many countries and just like Japan they are also always close thinking about the future. While those poor countries will think first and how they will prosper instead of thinking about bitcoin as a new way payment.

The point is not how many of these people think that bitcoin is an alternative of cash or cards, but how many of them really use it or they are involved in the decentralized ecosystem we are trying to create. This would be a better survey that can push some pressure on the institutions or the governments of implementing them in e-mandates.

[Carlton Banks]

The point is not how many of these people think that bitcoin is an alternative of cash or cards, but how many of them really use it or they are involved in the decentralized ecosystem we are trying to create. This would be a better survey that can push some pressure on the institutions or the governments of implementing them in e-mandates.

If you want a "decentralized ecosystem", then "governments implementing them in e-mandates" is not compatible with that.

Bitcoin was created as a way to circumvent the government mandated money system. It's been successful without anyone trying to force you to use it, or without anyone being forced to accept it. That's what happens when something is genuinely good; people want it or want to do it only because of how good it is, not because someone forces them to.

[1Referee]

It's been successful without anyone trying to force you to use it, or without anyone being forced to accept it. That's what happens when something is genuinely good; people want it or want to do it only because of how good it is, not because someone forces them to.

Agreed.

I do occasionally see people pop up here ask why there isn't anyone doing marketing for Bitcoin, but they purely assume this is needed because altcoins and ICO's do that to obtain visibility in this market. As you said, Bitcoin is good enough to have people like it without being subjected to any form of force or desperate advertisetments promising the world, but deliver poo in reality.

If you look at the number of transactions, and the on-chain value measured in dollars, and the number of daily active addresses, Bitcoin is by far the most used currency in the space. With enough local merchants accepting Bitcoin, it will provide some useful utility there as well.

[Taki]

Bitcoin really needn't any commercial of itself. If to push people to use it the feeling that bitcoin is a financial scheme will only increase.
Coming back to the main point - I am agreed with brits, cryptos are going to become a daily thing one day.

[LeGaulois]

To compare with other countries the UK stands at the 4th place in average (survey conducted by ING Bank and the respondents are from Europe, The U.S.A, and Austalia (15 countries in total ~15,000 respondents) Comparing with Germany, it stands a lot behind...

...Because another point to consider is some countries are more enthusiasts to digital cash than others. Some countries like to pay with a card, app, everything digital (so digital money is highly to be in their interest) and some countries like Germany prefer a lot to use banknotes/coins.

[BitHodler]

Yeah,brexit is coming and britains will gonna buy bitcoin like crazy. Or maybe not...Who knows?
The british pund will go down for sure.Lots of businesses will move out of Great Britain.Bitcoin looks like a good financial asset that will keep the value of their savings.

They will not. If anything, they will avoid Bitcoin with how the price has gone down for over a year, and we're not due for any significant upwards movement. Bitcoin hasn't proven to be a reliable store of value lately.

Sure, you can say that it all comes down to when you enter, but people don't look at the past, they look at what's happening right now, and each month that goes on they feel better not having bought Bitcoin.

If the bear market keeps dragging on for another year, they'll be even more happy that they didn't buy. People really form an opinion on Bitcoin based on what the price is doing. Low price is bad Bitcoin. High price is good Bitcoin.

[gentlemand]

They will not. If anything, they will avoid Bitcoin with how the price has gone down for over a year, and we're not due for any significant upwards movement. Bitcoin hasn't proven to be a reliable store of value lately.

The price on Brexit vote day was about $660. I well remember having a chuckle as everyone screamed about the exchange rate collapsing and feeling unaffected. I don't know if now is the best time ever but in the long run it's likely to be a far better bet than being stuck in GBP.

[BitHodler]

I don't know if now is the best time ever but in the long run it's likely to be a far better bet than being stuck in GBP.

Long term speaking Bitcoin is a solid option. I know that, and you do, but the no coiners who people here blindly assume will massively buy into Bitcoin don't look at things like that--they see a coin that keeps losing value.

People need to see the price go up first to understand how much of a fool they were for not buying their coins at sub $4000 levels. The fact that we're hovering below $4000 for months will hurt them even more thinking about it.

[Fabienne_ayy]

https://yougov.co.uk/topics/economy/articles-reports/2018/11/07/one-five-brits-think-bitcoin-will-be-common-cash-o

Finally a survey with some results that seem faintly plausible. 4% of Brits reported buying some crypto. That still feels on the high side but rather more believable than the penises who tell us 19% of Turks have some.

Not sure what the sample size is but they have 800,000 members that they tap on varying subjects.

A fascinating piece of research. As a bitcoin 'Old Guard' who's been around in bitcoin for a long time now the amount of positivity lately, and the accelerating rate of tech development, with layers like the lightning network being built on top of the base BTC protocol, is quite astonishing.

[stompix]

I visited the link and saw the logo YouGov, I closed the tab and didn't bother to read.
It's an incentive survey so people have been paid to take it. And since it's a paid one, people always try to reply what the system wants to get the money (it varies from $0.50 to $5)

Surveys are always going to be biased, and I always thought that those numbers of 10-20% of people interested or in some cases even owning crypto are heavenly exaggerated, especially that 14% (which would mean rough 20 million) in Japan's case.

To compare with other countries the UK stands at the 4th place in average (survey conducted by ING Bank and the respondents are from Europe, The U.S.A, and Austalia (15 countries in total ~15,000 respondents) Comparing with Germany, it stands a lot behind...

Wow, 11% percent in Poland!!!!!! and 12 in Romania 17 in Turkey? Seriously?
None in my family (except my cousin), none in at my work, none of my neighbors,  only two in  of my former class at the 20years reunion had bought some kind of crypto (ripple, d'oh) and ...

9% of EU means 40 million, adding 20 million Turks, 20 millions Japanese, 30 millions Americans and I think we're over the number of used addresses for the top 20 coins.

[gentlemand]

Wow, 11% percent in Poland!!!!!! and 12 in Romania 17 in Turkey? Seriously?
None in my family (except my cousin), none in at my work, none of my neighbors,  only two in  of my former class at the 20years reunion had bought some kind of crypto (ripple, d'oh) and ...

9% of EU means 40 million, adding 20 million Turks, 20 millions Japanese, 30 millions Americans and I think we're over the number of used addresses for the top 20 coins.

No. It's complete and utter bilge. More like 0.2% of Turks and that might be optimistic in the eXtreme.. Check the relevant exchange volumes. Turkey is nothing.

[CoinClarity]

No. It's complete and utter bilge. More like 0.2% of Turks and that might be optimistic in the eXtreme.. Check the relevant exchange volumes. Turkey is nothing.

Turkey is the 3rd most popular local board, after Indonesia and Russia, so there's that...

[Kakmakr]

Ok, the UK had about 66,02 million in (2017). So this survey estimates that almost 2 640 000 people in the UK think Bitcoin will be as common as cash or card in the UK. 

Bitcoin did explode in the UK for a while, but I do not know if it is still that relevant now. <The more than 80% drop in the price, might have dampened their interest in the technology.>

The UK are also bombarded with new and innovative products and services every day, so for Bitcoin to compete in the UK, it should step up it's game. 

[stompix]

Ok, the UK had about 66,02 million in (2017). So this survey estimates that almost 2 640 000 people in the UK think Bitcoin will be as common as cash or card in the UK.  

Nope, that's the number of Brits that own crypto! Or at least the survey says it.
The number of those that believe it's going to be as common as cash is at around 13 million.

Turkey is the 3rd most popular local board, after Indonesia and Russia, so there's that...

That survey says 17% out of 80 million own crypto. That's 13 million people. Or if we compare it to the local board even with all that bot activity, more than 16 times the number of all posts in that board
Imagine..every time some shill bumps an ico scam, 16 people rush to buy crypto (for the first time).


If we use the forum metrics most users would be in Russia, Indonesia, and Turkey...and the least from in Japan and South Korea.
Seriously?