New breed of bitcoin investors?

[josephsonand]

Considering how much bitcoin was raging in 2017, I'm not surprised seeing new people popping up to invest in it, who in turn brought even more people with them.

[Cryptoreflector_666]

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?

It is the expected statistics. Those who have been in the topic for a long time know that the next year will be especially successful for bitcoin owners because of the cycle that repeats every 4 years. This is no longer a secret. Statistics rather only confirm this fact and show that everything is moving in the right direction.

[coolcoinz]

When an asset matures it moves from speculative volatile form to more stable investment, attracting people looking for a store of value with some profit on top. Bitcoin is old enough to become a real store of value after 10 years of constant presence on the market. I believe that this poll, although small, might be pointing out to a real situation on the market.

[Hypnosis00]

When an asset matures it moves from speculative volatile form to more stable investment, attracting people looking for a store of value with some profit on top. Bitcoin is old enough to become a real store of value after 10 years of constant presence on the market. I believe that this poll, although small, might be pointing out to a real situation on the market.

10 years of existence is long enough that people will still be in doubt about Bitcoin. But I was not only convinced that these breed of investors are mostly can even hold their hand not to sell their Bitcoins once the market is in the struggle because I was then falling into that scenario, I'd sell it with no regrets.

[mk4]

When an asset matures it moves from speculative volatile form to more stable investment, attracting people looking for a store of value with some profit on top. Bitcoin is old enough to become a real store of value after 10 years of constant presence on the market. I believe that this poll, although small, might be pointing out to a real situation on the market.

But bitcoin is still really speculative and volatile in it's current state though. A lot of bitcoiners(including me) just hold bitcoin because we're betting that it will be a stable hedge sometime in the future.

[BrewMaster]

i don't think the number and the scale or even the source is sufficient enough to make any decent conclusions. but logically it makes sense that many of the new investors at this point are not coming in based on hype and blindness which means they do some research and the history and the future potential of bitcoin clearly tells them that the long term holding and the current accumulation while they can is going to be the best approach.

i'm sure that if this survey were performed in 2015-2016 we would have seen very similar results and it will be the same in 2023 which would probably fall after the next bubble during the accumulation phase of next rally.

[LUCKMCFLY]

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?

This is very positive, given that new investors are coming to the crypto world, we have the clearest example that is the son of Peter Schiff, whose father is totally against Bitcoin and he is Pro Gold, just remember the controversial tweet:


Source: https://twitter.com/PeterSchiff/status/1303009420713111553?ref_src=twsrc%5Etfw

This is only the beginning of the many investors to come, the more time passes, the Bitcoin market will grow much more.

[ILuckyGuyI]

I hope the people who claim to hold their Bitcoin and not panic selling are honest with their statement. Because there are too many "investors" who claim the same thing but do the opposite right away when there is a drop in price.

[Assface16678]

I'm into the world way back from 2016 to 2017 and on that, I don't have too much knowledge into the world of investment on bitcoin instead I'm having a good time some reading stuffs related to the bitcoin and how do they make an investment.

Base on my experience there is nothing change, I'm still the one who makes an investment on the bitcoin when the market price of the coin is low and sell it when goes high also the same thing I encourage other people too usually my friends because they have some extra money and why not makes an investment and don't afraid to put on bitcoin.

[Bttzed03]

~ 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.

They're Huobi users and maybe not Cointelegraph readers.

Maybe you missed the point. Let me expound more on that.

• Many 2017 newbie investors most likely bought bitcoin thinking they are going to get rich. I even read some stories about selling properties and taking out loans because they thought the pump will continue and they're going to earn a lot of money. The FOMO is too strong during those times. They might have been enticed by xx% pumps in a matter of week/s
• 2020 investors, based on the survey, seems more mature and more knowledgeable. They see bitcoin as real long term investment (at least one year), Thus, "new breed"

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 that what you say is different from what you do when you are really in that situation. I've also experienced trying to hodl while the price is dumping but it didn't last. I had to fight my "hodler's ego" and it turned out it's the right decision.

About the bulls' actions, I doubt anyone would spill their strategy in public but I'd be interested to read that as well.

~ 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

I failed to include the "bitcoin is a bubble" in the OP. It's one of the most used attacks around 2018. The bounce back is probably one reason why we see the change in mentality towards bitcoin. If it was able to survive a ~90% crash, it can probably survive anything.

~ 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.

It could be a pattern/cycle as well but I wouldn't underestimate the exposure bitcoin had since 2017. I believe that was the time it really caught the attention of mainstream media, traditional investors, and financial institutions. It's highly probably that many of the spectators got curious and started researching.

I agree that there will always be fresh blood to be rekt though, especially when btc pumps to $20K or higher, but perhaps we'll see more prepared new investors when that time comes.

[hatshepsut93]

Is this really different from the past? I mean, Bitcoin had only thousands of investors in the beginning, and now it has millions, so of course most of the current investors have only a few years of experience. And since Bitcoin is very techy, of course most investors will be in 25-50 years old. Not younger, because young people have no money to be investors, not older because older people would have hard time understanding Bitcoin.

[mk4]

And since Bitcoin is very techy, of course most investors will be in 25-50 years old.

I'd broaden that number from like 17-50.

Not younger, because young people have no money to be investors, not older because older people would have hard time understanding Bitcoin.

Agree on the latter, but as far as I know people can buy like $10 of bitcoin on famously used platforms like Coinbase and Cash App. You don't need a thousand dollars to be called an "investor".

[john_nautica]

And since Bitcoin is very techy, of course most investors will be in 25-50 years old.

I'd broaden that number from like 17-50.

Not younger, because young people have no money to be investors, not older because older people would have hard time understanding Bitcoin.

Agree on the latter, but as far as I know people can buy like $10 of bitcoin on famously used platforms like Coinbase and Cash App. You don't need a thousand dollars to be called an "investor".

Agreed. I think that those people who came and engaged with Bitcoin in during this time are those people who are open to embrace any opportunities. And these people are mostly the millennial. And I also agree that regardless of the amount, an investor is still an investor.

[k@suy]

And since Bitcoin is very techy, of course most investors will be in 25-50 years old.

I'd broaden that number from like 17-50.

Not younger, because young people have no money to be investors, not older because older people would have hard time understanding Bitcoin.

Agree on the latter, but as far as I know people can buy like $10 of bitcoin on famously used platforms like Coinbase and Cash App. You don't need a thousand dollars to be called an "investor".

Agreed. I think that those people who came and engaged with Bitcoin in during this time are those people who are open to embrace any opportunities. And these people are mostly the millennial. And I also agree that regardless of the amount, an investor is still an investor.

Due to the pandemic a lot of people are looking for a part time job or something that they can use to earn money and I think this is a great opportunity for us to mass promote the crypto world in order for us to gain more investors. For sure more people will enter the crypto world if we all the members here will promote the campaign.

[shoreno]

I don't consider them lucky but they could be lucky if they did experience the 2017 bull run and if they are real investors thier views and goals won't change because of it . 

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.

this is what I'm going to say  too . 491 is not even 1 percent of the total bitcoin population but this numbers are pretty solid  . With the number of years these people can spend on here , they can grow consistently if more people find that they are one of these groups compare to the most number of btc investors that are not in a group .

[hatshepsut93]

Agree on the latter, but as far as I know people can buy like $10 of bitcoin on famously used platforms like Coinbase and Cash App. You don't need a thousand dollars to be called an "investor".

Who would bother buying $10 worth of Bitcoin, even in the most optimistic scenario you'll just get $500, but more realistically, you'll see $30-50 if you sell at the next top. You always need some decent starting capital to start investing, the share of these microinvestors is probably negligible compared to the rest. This isn't the early days anymore where you could have put a few dollars in and they would become hundreds of thousands of dollars years later.

[mk4]

Who would bother buying $10 worth of Bitcoin, even in the most optimistic scenario you'll just get $500, but more realistically, you'll see $30-50 if you sell at the next top. You always need some decent starting capital to start investing, the share of these microinvestors is probably negligible compared to the rest. This isn't the early days anymore where you could have put a few dollars in and they would become hundreds of thousands of dollars years later.

Who would bother? A lot of people. Both who are actually passionate, and the ones that just simply FOMO'd.

Yea but the point here is not about how much money you need to become a sort of "decent" or "effective" investor, it's that there are actually young people that buy bitcoin; that could potentially lead up to more bitcoin being bought by them once they actually have more money after growing up and getting jobs.

[naomi-the-cat]

The majority of crypto investors are still relatively new in our days. Only few of them are here from 2015

[grabpopcorn536]

I think young investors emerge more and they enter new fields, including the venture sector.
Where I live, young people tend to over-enjoy business. They choose their businesses, act as real estate agents, invest in the forex market, invest in cryptocurrencies, and Ponzi projects.
I feel sad because of that, they should go to school fully and go to work before investing. Because the ancients said "he that knows nothing doubts nothing", so the children are too young and do not know what they are entangled with.
Invest well but should research carefully before acting. They move away from reality and think that investing will bring wealth, they need a job rather than just like investing.

[wanted sliter]

I am not surprised that young people pay attention to crypto. The age group 25-30 is the age when they have finished college and go to work. They have more time to research anything new on the internet. They look to cryptocurrencies because they have free time and for the attractive profits from this market.