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Author Topic: (36%) of U.S. investors would consider buying bitcoin  (Read 317 times)
CryptoBry
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August 01, 2019, 07:33:35 AM
 #21


There is no mistake here; the trend is that there is an increasing number of people who are getting curious and will soon be entering the cryptocurrency marketplace and of these people a big percentage will be opting to go with Bitcoin before considering the alts. Surveys after surveys are already confirming this strong trend though they might be coming up with different sets of numbers and percentages. Once the global economy will be starting to slowdown or tank then we can experience a surge of investments in many crypto-based assets. People who are not yet on the bandwagon should start now thinking on how they can be a part of this coming boom -- hopefully in 2020 there can be a big turnaround for the whole industry as it is building the necessary infrastructure right now.
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August 01, 2019, 07:34:38 AM
 #22

Wow, if Americans really believe in bitcoin, I believe they will make this market grow stronger than ever.
America has many legendary investors and very talented technology developers. If they focus on the crypto market, I believe Bitcoin will have a price above $ 50k very soon.
They will only believe if their government is supportive, people will not just invest when there is no clear regulation about crypto, and they want to get protected knowing crypto is a high risk form of investment, let's hope that trump is not serious with his statement against bitcoin.

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Betwrong
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August 01, 2019, 08:42:18 AM
Last edit: August 01, 2019, 08:55:29 AM by Betwrong
 #23

Wow, if Americans really believe in bitcoin, I believe they will make this market grow stronger than ever.
America has many legendary investors and very talented technology developers. If they focus on the crypto market, I believe Bitcoin will have a price above $ 50k very soon.
They will only believe if their government is supportive, people will not just invest when there is no clear regulation about crypto, and they want to get protected knowing crypto is a high risk form of investment, let's hope that trump is not serious with his statement against bitcoin.

At this point it doesn't matter what Trump thinks or says about Bitcoin. His days as president are numbered. Everybody knows it, except for the people who make bets on the US Presidential Election in 2020. Smiley I mean, seriously, I bet on "Others". Anyone but Trump is going to be elected.

Regarding the current situation with Bitcoin in the US, check out this news:

Any U.S. resident with a government-issued I.D. can now trade futures contracts for real bitcoin.


 
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deisik
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August 01, 2019, 10:00:05 AM
 #24

Not sure how accurate that survey is. Previous surveys have showcased that 10 percent of the US people have BTC, which seems a bit farfetched. Could be possible, but 1/10 people owning BTC sounds almost impossible to me, especially the number of crypto companies that restrict US users from using them

I don't think it is impossible since as back as 2013-2014 Coinbase (a US-based company as far as I remember) had been running a massive ad campaign giving out free bitcoins (not literally bitcoins, more like 0.001 BTC but you get the point), so it is not completely impossible that a significant part of the American population registered with this wallet. There likely were other promotions of this kind as Coinbase is not the only pebble on the American beach (or coast)

Now all these people seemingly made it into statistics

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August 01, 2019, 11:38:43 AM
 #25

At this point it doesn't matter what Trump thinks or says about Bitcoin. His days as president are numbered. Everybody knows it, except for the people who make bets on the US Presidential Election in 2020. Smiley I mean, seriously, I bet on "Others". Anyone but Trump is going to be elected.
It matters what Trump thinks about Bitcoin because he will very likely tweet about it and therefore generate a lot of worldwide publicity. Hundreds of millions of people will know that he Tweets about it, which is some crazy exposure.

As for Trump not becoming the president for another term, it's impossible to say or know with how he became president while not many people thought he had a shot. Don't just assume that everybody thinks like you.

I actually believe that there is a realistic shot for Trump being president for one more term. He might be one of the weirdest presidents in US history, but maybe that's exactly what they need over there.

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August 01, 2019, 12:14:16 PM
 #26

Considering and really buying is poles apart , but seeing this number increase over the years is a good thing for not only US but the whole world because trust me many countries follow US.
The only loop hole is them being ridiculously double sided when it comes to cryptocurrencies , you could see one investing in it and as soon as it's given a bad reputation they follow this .
This sheep trail regarding the cryptocurrencies does very less good .
But Gold still holding it's investors high despite slow growth just shows us how people are favouring less risk , less profit situations.

Since US is somehow a model of others in terms of investments then some people should be able to open up their minds and follow choosing the cryptocurrency a choice for their investments. This kind of events is somehow helping to the crypto community.

TheCoinGrabber
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August 01, 2019, 01:14:19 PM
 #27

Bitcoin got a lot of coverage since 2017 so more people by now know how it operates. Investors likely saw that after a rather huge fall it is recovering and still seems like it'll be around for some time. Now add all the drama from the trade wars and news about certain countries planning on returning to the gold standard and we can see why they are more "open-minded" to alternative investments like crypto.

Consideration could just mean reading a little article about bitcoin.   The actual number of people that will put their money on the line after seeing something drop over 80% is still really low.  Elderly people don't want to risk their live savings on something so speculative.  If you already have a nice amount of wealth saved up there is no point to risk it on one of the riskiest assets, no one knows how long bitcoin will last.

This is kinda expected. The younger you are the more you can afford getting into risky investments since you still got time recover losses. Thing is, people are living longer these days and most of the time what the elderly has saved isn't enough.

I've seen people who's pensions and dividends only cover their medications. It's sad really. If they do have some spare money, I don't see any reason they shouldn't speculate.
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August 01, 2019, 02:14:53 PM
 #28

Well, I can't blame them for that. Americans had been told for years that Bitcoin is a bubble and that investing in it is insanity. Most of them had listened to the advice of "experts" and never invested in Bitcoin, but those who decided to take risks despite the persistent cautions, have made good money along the way.

And now, when BTC after dropping from almost $20k to almost $3k has started rising again instead of going to zero, as those experts predicted, people have decided to stop believing them. Quite a logical decision, if you ask me.
Except they don’t understand the technology of bitcoin fully because if they do, I am not sure that anyone will be able to talk them out of investing in bitcoin or using it as payment system when they know that the se of bitcoin fully protects the user again anyone knowing about the transaction. So, if they really had interest in it from the onset, then they should have already invested in it long time again when they had the chance.

This figure is really good if these 36% are interested in investing in bitcoin now, it could make the price of bitcoin dramatically increase overtime, because when it comes to investing big times, Americans are good at it, they don’t invest with little money but heavy investment.So we need to encourage those 36 percent to consider bitcoin as soon as possible.

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August 01, 2019, 03:17:51 PM
 #29

it is a good news definitely, to see rise of this figure from poll to poll
percent is high, considering is not buying, but with this figure considering it, we will see influx of buyers on the market, penetration is significantly below these numbers at the moment
"consider is not buying" But in analysis, it is a good omen for bitcoin. Just imagine bitcoin of 10 years old been considered as an alternative to the gold that has been with us from the beginning of creation and people including me prefer to own it than gold! It is awesome to me and bitcoin is going to replace gold in the future.
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August 01, 2019, 04:39:12 PM
 #30

You see the fatal flaw in this survey question is the way it was asked to them. "Would you buy Bitcoin?" is totally different compared to “Would you consider buying Bitcoin?” as it made the result a lot more inaccurate on knowing who on the U.S. investors are really interested in Buying Bitcoin. I have seen this question asked in the UK and they have similar numbers compared to them but until now we don't see any major developments happening in both countries.

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