New breed of bitcoin investors?

[Bttzed03]

There was a survey conducted by Huobi which was also reported by Cointelegraph.

No. of respondents:	491
Age range:	mostly from 26 to 50
Investment experience:	Most with less than 3 years

So it appears that most of the respondents are relatively new to crypto investments and they weren't around during the 2017 bullrun. I guess they can be considered lucky. They might have been rekt too like most newbies then had they bought btc when it was pumping.

An interesting result is that 45% of the respondents have one year or longer timeline for their investment. To me, this indicates that they are preparing for the much anticipated bull run next year based on btc's 4-year cycle or the pattern that btc tends to pump 1 year after halving.

Another 12.5% said they are willing to wait four years or more for their ROI. These are either serious hodlers who sees potential in bitcoin or they just want to try and see if they can profit or not.

The no. of respondents might be small and do not really represent the new breed of btc investors but it's still a good sign that they do not see this as a pump and dump/get rich quick/ponzi scheme.

What do you make of this survey? Are we seeing a change on how newcomers view bitcoin investment?

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[kryptqnick]

There was a survey conducted by Huobi which was also reported by Cointelegraph.

No. of respondents:	491
Age range:	mostly from 26 to 50
Investment experience:	Most with less than 3 years

So it appears that most of the respondents are relatively new to crypto investments and they weren't around during the 2017 bullrun. I guess they can be considered lucky. They might have been rekt too like most newbies then had they bought btc when it was pumping.

An interesting result is that 45% of the respondents have one year or longer timeline for their investment. To me, this indicates that they are preparing for the much anticipated bull run next year based on btc's 4-year cycle or the pattern that btc tends to pump 1 year after halving.

Another 12.5% said they are willing to wait four years or more for their ROI. These are either serious hodlers who sees potential in bitcoin or they just want to try and see if they can profit or not.

The no. of respondents might be small and do not really represent the new breed of btc investors but it's still a good sign that they do not see this as a pump and dump/get rich quick/ponzi scheme.

What do you make of this survey? Are we seeing a change on how newcomers view bitcoin investment?

Less than 500 people who are all readers of Cointelegraph is not a representative selection of respondents, so the poll results are telling us nothing that can be generalized to make conclusions about the crypto investors' community as such. These respondents happened not to be around in 2017, but many people were, and many weren't newbies and did not buy Bitcoin during ATH (I didn't, for instance, but I also did not sell and it wasn't the best decision). As for willing to wait for profits for years, it's just a typical hodler position, so I don't see what makes them a new breed at all.

[mk4]

It honestly doesn't improve my confidence for even the slightest.

Various people can claim that they will be holding their bitcoin for whatever amount of years and such, but then when the price drops enough to the point that it scared their asses off? They dump, saying that bitcoin is dead, or to "buy back lower".

I think it's better to look at how the bitcoin "bulls" acted in the last crash after the bull run, than listen to what they say.

[goldade]

Although, just like OP mentioned, 500 people is not a good representation of how the general users of bitcoin sees it, it is noteworthy to know that there is now a change in the way people see bitcoin now.
It's seems as though missing out on the 2017 bull run is a good thing as these set of people that miss the 2017 bull run now see potential in bitcoin and are not holding just for the anticipated pump in price.
I think people are beginning to see that bitcoin is not a ponzi scheme or a get rich quick stuff. They are beginning to see the true reason bitcoin was made in the first place

[fiulpro]

See the thing is people are now tired of the banking system and day by day we are getting bad news and after this pandemic am sure that the situation is bound to improve in terms of the investments in Bitcoins.
For sure there will be more people willing to hold their bitcoins for a much longer time.
What I get from the OP's current post is that the sampling size is really small and therefore we need a larger sampling size so that we can reduce the standard deviation down to minimal to have a good stand point right here .
We cannot find anything with a small sampling size and at the same time having a larger sampling size would need a lot of information and not many people are willing to give a survey without any benefits.
But I do love the positive posts for sure. I believe we are in a better position for sure compared to few years back.

Also the age range 26-50 is kind of small we have people who are young and are really really positive about all this.

[rexxarofmoknathal]

It honestly doesn't improve my confidence for even the slightest.

Various people can claim that they will be holding their bitcoin for whatever amount of years and such, but then when the price drops enough to the point that it scared their asses off? They dump, saying that bitcoin is dead, or to "buy back lower".

I think it's better to look at how the bitcoin "bulls" acted in the last crash after the bull run, than listen to what they say.

I agree the results are not that impressive and they're not telling us much specially when the sample size in general terms is that small and thus can't ads much weight to  the findings. What we see is that there are more investors that have joined crypto but given the space of about 3 years that was to be expected.

[pixie85]

I saw data from exchanges that showed the number of speculators is steadily falling since 2018 and the number of holders increasing. This is good and bad at the same time. Good because more people believe in Bitcoin. Bad because it reduces the supply available on exchanges makindg it easier to manipulate the price.

Also the age range 26-50 is kind of small we have people who are young and are really really positive about all this.

They were looking at traders and people below 20 rarely have enough money or aren't experienced enough to invest serious money.

[20kevin20]

Most of them won't resist throughout the years due to emotional rollercoasters. When you see a price dump similar to what we had in the beginning of the pandemic, it'd hard to take that drop in without considering to sell or even selling in rush and fear. The high percentage of longer term hodlers doesn't show much. I would've held for more than an year as well if I thought I could've had a profit but ended up being on a loss. We've only recently hit the extremely low percentage of addresses that are on a loss. Under 3 yrs of experience next to long term hodling equals in my mind a high number of people who've invested during bull runs and are still waiting to earn a profit.

[South Park]

It honestly doesn't improve my confidence for even the slightest.

Various people can claim that they will be holding their bitcoin for whatever amount of years and such, but then when the price drops enough to the point that it scared their asses off? They dump, saying that bitcoin is dead, or to "buy back lower".

I think it's better to look at how the bitcoin "bulls" acted in the last crash after the bull run, than listen to what they say.

Agreed, this is why most of the social sciences are complete junk, questions about what people would do in an scenario that is brought up are useless since people will have the tendency to think the best of them and that they will execute actions that are reasonable and timely, in the case of a crash I am sure most of those that were interviewed will panic and sell their coins despite their plans of holding their coins for years and I am sure that if we interviewed them at that time they will give the excuse they had no other option but to sell their coins due to the circumstances they were in.

[dothebeats]

It’s easy to say that I will be holding for the next 4 years to an interview even if deep down, I’d be selling my coins if my profits doubled in a heartbeat. These people right here are trading for a profit, and the moment the right price hits the ticker they’d be letting go of those precious coins in the market. These aren’t new-breed investors but rather more of the same, with unconfirmed tolerance to price volatility and whatnot. You may call them the ‘shaky hands’ given their stay on this wildly-volatile market since we all know that newbies tend to get controlled by their emotions when investing, even if they say that they’ll hold no matter what in a survey.

[eaLiTy]

The no. of respondents might be small and do not really represent the new breed of btc investors but it's still a good sign that they do not see this as a pump and dump/get rich quick/ponzi scheme.

What do you make of this survey? Are we seeing a change on how newcomers view bitcoin investment?

The survey is fine and you can have a certain assumption on what the situation would be. We are living in a world when the pre elections polls are opposite to what the real results are, so if there is a certain selection from a small group of people and if they tell that they are willing to hold for the long term, it is good for the moment. Trading is all about making the maximum profit, be it short time or long term investor and no can can predict what the exact market would be and hence having a flexible mind set according to the market situation would be the best bet.

[Baofeng]

What do you make of this survey? Are we seeing a change on how newcomers view bitcoin investment?

Nothing has change though in my opinion, what we are seeing is just a pattern. After a bullrun or even during a bullrun there will always be fresh blood going to pump the market, getting rekt, obviously exited and never comeback. But there will always be some groups that are going to replace them, just like what we are seeing today. As for the age of the new investors, doesn't mean anything as well. As long as these investors know the risk involved, whether was age, race, color, ethnicity or social standing, there will always be investors coming along to the ecosystem.

[jossiel]

I appreciate the effort that they've done for this survey but it doesn't really mean that they represent most of the new investors. But let's look into it at the more positive side. These participants are doing great if they're still new to this space.

If they have a longer timeline, they know what's bitcoin and the timeline that they have set and allocating for their investment to grow. It's true that if they've invested earlier or joined the FOMO during the bull-run, they might not be one of those participants and just quit investing in bitcoin.

[LogitechMouse]

~

This is true. I can say that "Hey I'm holding Bitcoin for around 1-2 years so that I can get some profits" but whenever the price of Bitcoin goes down, I will panic and therefore sell my Bitcoins and what they said in the survey isn't true at all.

This is what is happening and will happen in the future especially with these new Bitcoin investors. Some of them doesn't know how to control their emotions and some of them are just buying it for the sake of profit but in reality, they can't take the volatility of it and when Bitcoin drops they will panic and will sell the Bitcoins they are holding.

[Darker45]

Yes, there is probably a change. With the price of Bitcoin maintaining a 5-digit figure, they must have realized that it now takes a longer term to be able to acquire a nice ROI. Unless they were able to buy during those times when Bitcoin was falling hard at around $3,000- $5,000, you wouldn't get a x3- x5 ROI easily.

But I guess the get-rich-quick perception of Bitcoin is still there. It's just that the quick in there is not anymore in terms of months but a few years. That is still relatively quick considering that the new target is probably set at $30,000 or more. 

[mk4]

Agreed, this is why most of the social sciences are complete junk, questions about what people would do in an scenario that is brought up are useless since people will have the tendency to think the best of them and that they will execute actions that are reasonable and timely, in the case of a crash I am sure most of those that were interviewed will panic and sell their coins despite their plans of holding their coins for years and I am sure that if we interviewed them at that time they will give the excuse they had no other option but to sell their coins due to the circumstances they were in.

Don't get me wrong, I don't think that surveys like this are totally useless. They only can be effective when wanting to gain data on what people think, but not necessarily what people would do especially in certain situations like this because it doesn't factor in emotions like fear.

[GreatArkansas]

I believe on what they say "History repeats itself".
Even these "new breed" of bitcoin investors are didn't experience what we experienced on bull run and a huge dump around year 2017 - 2018. I still believe it will happen again in the future, maybe with a twist or have difference with before.

[yhiaali3]

In recent days there are a lot of people who are investing in Bitcoin and these are actually mostly young people, I can see that clearly here in my community. About five years ago or more, there were very few people here who knew about Bitcoin, but today I notice a large number of young people preparing to invest in Bitcoin.

[kotajikikox]

An interesting result is that 45% of the respondents have one year or longer timeline for their investment. To me, this indicates that they are preparing for the much anticipated bull run next year based on btc's 4-year cycle or the pattern that btc tends to pump 1 year after halving.

Even those old timer has this kind of belief that the 4 years cycle from halving to another halving will bring them Profit.
 These 45% is much higher but of course they are just a piece of the whole market representative.

Another 12.5% said they are willing to wait four years or more for their ROI. These are either serious hodlers who sees potential in bitcoin or they just want to try and see if they can profit or not.

These are the true HODLERs and not just buying for faster income.

What do you make of this survey? Are we seeing a change on how newcomers view bitcoin investment?

We can feel that the way market is responding now ,though i believe that this is about the pandemic but reading this Surveys result ,
i think there are many supporter now that is serious than those who wanted for quick buck.

[maydna]

I believe on what they say "History repeats itself".
Even these "new breed" of bitcoin investors are didn't experience what we experienced on bull run and a huge dump around year 2017 - 2018. I still believe it will happen again in the future, maybe with a twist or have difference with before.

Yup that is right.

I am waiting for that word too. I am sure that we will see another bull run this year or next year. I don't mind waiting for that time to comes. All people now are in their position to sell their coins at a high price, but once again, we can't do that if the bull run does not come. But people believe that the bull run will comes, no matter if they need to wait for more.

I think for people who invest in bitcoin since 2017 learned much about how bitcoin moves, and they still accumulating more bitcoin while the price is at a low price. The newcomers need to know more about bitcoin if they want to invest in bitcoin because we see many people invest in bitcoin because of reading the news from the website or social media. That will be too risky for them if they don't know anything about bitcoin and just invest in bitcoin without knowing about bitcoin.