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Author Topic: Survey on Bitcoin ownership  (Read 264 times)
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stompix (OP)
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October 29, 2019, 01:49:08 PM
 #21

It won't reflect any reality, because you ask people directly interested with collecting crypto.

there are two big problems here. the first one is that you are asking people on a bitcoin forum. so you will get a better percentages b

first of all you are asking in a crypto group. thus always going to get a result of every respondant saying they have coin

Exactly! I've already said (with some typing mistakes) that "I'm seriously curious about those numbers and if the mentioned percentage is reached even when centered around a bitcoin community".

If the percentages we get in the most biased selection group are not even close, and from the responses, they aren't, then it's clear proof those that bs surveys. I imagine this just like a survey on dark beer that claims 20% of the population is drinking dark beer, If you go and do the survey in pubs and there you won't reach 10 %, then it's pretty obvious they put an extra zero on it.

That's one hell of a potential userbase!

Exactly my point,  even now 10 years from the start we're at very low usage and ownership levels, the actual potential growth is still huge and if you look at those numbers 100k/BTC might not be ridiculous at all.

As for the richlist, there is a flaw, unfortunately people are forgetting the whole not your keys not your bitcoin saying and are storying coins on exchanges or web wallets, and those funds are all in one address.



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October 29, 2019, 01:50:37 PM
Last edit: October 29, 2019, 10:23:16 PM by error08
 #22

Example:
2 our of my friends hold some bitcoin or altcoin or 6 out of 12 relatives also hold some coins, I live in Bartovia Tongue
But put a bit more spirit in it.

I thought about doing it on google sheets but I really can't stop that from getting abused by somebody bored so..this is it.
I'm seriously curious about those numbers and if the mentioned percentage are reached even when centered around a bitcoin.

Oh, and please be honest about it.


I live in a small city in Southeast Asia, will tell in pm if you ask my country.
just two of us, me and my friend. He told me about bitcoin and here we are.
Mine, mostly in bitcoin (more than approximately $500) and still trying to accumulate more, a little bit of bch, eth, eos, and waves.
Those altcoins are the way to obtain more bitcoin. Hopefully, could add BTC0.1-BTC0.2 by the end of the year.
My friend, ummm he holds mostly in ETH and a small portion in btc (more than approximately $1000)
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October 29, 2019, 02:36:25 PM
 #23

Hell in the US less than half are invested in anyway in the stock market even.
I think it's probably not even a quarter. It's quite frustrating to see so many surveys pop up nowadays, where they pull out some numbers out of their magical hat, but then don't disclose how that survey was conducted.

In a more realistic setting, I don't expect the actual percentage of people owning Bitcoin or any other crypto coin to be higher than 1%.... the actual use just doesn't rhyme with the high percentages these surveys spit out each time.

The only players in this space who know what the actual rate of adoption is are fiat exchanges such as Coinbase, but they haven't ever disclosed any actually useful figures, only raw metrics such as the number of accounts created.

BSV is not the real Bcash. Bcash is the real Bcash.
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October 29, 2019, 02:43:19 PM
 #24

Our entire class way back 2018 knew about bitcoin, and this forum, of course, I introduced it to them but only 6 of them hooked up on this, but not totally dedicated on it, they've quitted and find an actual job when the market started to be beaten by the bear, and I am the only one remaining making money and gaining knowledge on this forum.

We're 24 in our class, by the way.
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October 29, 2019, 03:34:17 PM
 #25

I have learned about crypto with my partner and so far, we are only two who are holding Bitcoins in our family because our parents are old and our kids are still young for crypto technology. We have shared it with our friends and workmates before but they are still afraid to take the risks of investing until now. There are only two who are successfully doing trading and bounty hunting now. We're living in the Philippines but I'm glad that there are actually plenty of crypto lovers especially in different provinces in our country.
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October 29, 2019, 03:44:26 PM
 #26


The idea for the survey comes from the never-ending news that 10-20% of the people in a country are holding coins.
As I truly believe those numbers are at least overhypermega inflated, I tried to picture a survey that would shed some light on a larger


I agree this number is overhyped. But I know about 10-20 people who have bought BTC, many of them already sold (in loss)in Brazil.

However, I have many friends who are really engaged in investments, so my statics may be higher than normal.

Additionally, I believe that many more people are buying bitcoin but I just don't know (this is a private subject, not something public that everyone talks about)

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October 29, 2019, 04:04:38 PM
 #27

The only thing that I know about Bitcoin before I started becoming Bitcoiner is that,
It is a type of money that is being used in the deep web ,
So I see it as a token that could only be used there.

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October 29, 2019, 04:59:49 PM
 #28

my friends prefer to hold altcoin rather than bitcoin, I myself don't really like bitcoin because the fees are expensive and the transactions are rather slow, when i get bitcoin i will immediately exchange it for altcoin, of course altcoin is already popular and trusted, I more often hold Litecoin because of low costs and very fast transactions.
For now I still hold bitcoin but altcoin is more common just because altcoin is cheaper and can be divided into several types. actually holding altcoin has more variety because it avoids huge losses, because usually not all will be red. bitcoin if the current price is quite alarming and down and up fast enough.
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