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Author Topic: Public perception of Bitcoin as payment method (survey)  (Read 457 times)
jassjass (OP)
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November 11, 2020, 09:56:31 AM
 #1

Hello!

I am a student of Faculty of Social Sciences. For my diploma thesis I want to find out how you think about Bitcoin as a payment method and in general. Your opinion will importantly contribute to a better understanding of Bitcoin use.

In accordance with the recognized ethical standards of scientific research with the EU General Data Protection Regulation (GDPR), steps will be taken to protect your personal data in the process of collection and use for educational and scientific research purposes. The survey data collected will be used in anonymized form for research purposes.

Here is link to the survey: https://www.1ka.si/BitcoinSurvey
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November 11, 2020, 11:21:13 AM
 #2

No one would click a random link provided by a newbie also no one would be interested is sharing their personal details to any random person. At least I am not comfortable!

If you have any specific questions, you can post here in your thread and we will answer those but refrain from gathering persona details whatsoever!

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November 11, 2020, 11:22:07 AM
 #3

I took part in your survey and have some feedback.

The first part is: When was the first time that you did anything of the following?
One of the options is Other. And we have to click on when we did the other thing. You might want to remove this or add a field where participants can select what "other" is. If it stays like this, you wont know what exactly the participants did.

Your source link for the Bitcoin with a capital "B" vs Bitcoin with a lowercase “b” question is wrong. It opens a non-existing Medium page.

Good luck with your survey and greetings to Slovenia from one of your neighbors!    

No one would click a random link provided by a newbie also no one would be interested is sharing their personal details to any random person. At least I am not comfortable!

There are no personal questions. It's about how you use Bitcoin, how you view it as a payment method, do you agree and disagree with certain statements and things like that. At the end they ask you about your gender, education and age but you can answer that however you want.

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November 11, 2020, 11:34:56 AM
 #4

It will be interesting to see the results of the research, although as someone who has been observing the crypto scene for years, I can say that most of those who own Bitcoin still do not use it as a currency. The first reason is of course that they consider it an investment, then the belief that they actually have nowhere to spend it, and at certain times the cost of fees can be quite unfavorable, especially in micro transactions.

However, there are more and more online stores that accept BTC as a means of payment, and when the Lightning Network becomes more widespread, payment will be cheap and instant, so more people will probably use Bitcoin as a means of payment.

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November 11, 2020, 11:45:15 AM
 #5

There will be mix reactions for this survey because thousands out there don't understand the technology behind this payment method(Bitcoin). Currently, we have seen thousands of merchants whom now accept Bitcoin as a method of payment and for some, they lack the ability to use this technology to make payment. So far, so good, most of my online transactions are been carried out through Bitcoin except those without such payment method in their platforms. It will be nice to see the outcome of this survey.

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November 11, 2020, 12:17:38 PM
 #6

Done! Comment: not bad on some of the questions. I can see the direction here, I suppose.

I have a thing for filling out these surveys, always hoping every little helps with them academic studies into Bitcoin. I've only ever, ever received back results and findings from a couple of these bitcointalk threads, though! Hopefully you remember to come back and share with us. You'll learn about better, narrower sampling for future, too I hope. Not exactly good practice to throw a survey like this into the wild;)

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November 11, 2020, 12:39:45 PM
 #7

Just completed the survey. Nice work on the compilation.
In my opinion, some of the questions were a bit abstract and answering them by clicking a number in a scale may not pass the actual message it requires, but it's probably the best option, especially when you want to make it as convenient as possible to keep those taking the survey hooked till the end.
Good luck and hope to hear some feedback soon.

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November 11, 2020, 12:52:08 PM
 #8

In my personal experience, merchant payment of bitcoin has decreased and people are losing their interest in paying through bitcoin.
There are several reasons for it, the most important ones being the fees and transaction time, introduction of crypto cards and other stable crypto for payment. People are also more keen on holding and trading bitcoin than to cash them out.
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November 11, 2020, 01:16:04 PM
 #9

No one would click a random link provided by a newbie also no one would be interested is sharing their personal details to any random person. At least I am not comfortable!

If you have any specific questions, you can post here in your thread and we will answer those but refrain from gathering persona details whatsoever!
What a rude way to approach a student who just wanted to ask some questions for his thesis.
Not everyone here is like you, who's always angry when discussing things on anyone. lol.
Honestly if you don't want to participate on his survey then don't. He is not forcing you.

OP, as you can see some users already participated on the survey, I'll be participating also.
We wish the success of your study Smiley If you happen to finish it, feel free to share it with us here Wink

jassjass (OP)
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November 11, 2020, 01:32:47 PM
Last edit: November 11, 2020, 02:11:09 PM by jassjass
 #10

Hello!

Thank you everyone for your feedback and completing the survey so far. I'm a bit suprised of the feedback so far, was kinda worried it would get lost in the sea of other threads.

For those who are concerned about the security of the link:
The survey is made on a Slovenian platform 1ka.si. 1ka is a platform for creating and distributing surveys.
You can find it here https://www.1ka.si/ (slo version) or here https://www.1ka.si/d/en (eng version). Or google "1ka" or "1ka survey".

And I would like to add, that the only personal data that is taken is gender, year of birth and education all of which are optional. The only reason for these demographics is for potential segmentation in the analysis.

edit: The link reference for the distinction between Bitcoin and bitcoin is fixed.

Hopefully I will get enough respondents for some significant results.

P.S. Since I can see that there is genuine interest for the results of the survey, I would gladly post the results after all this is done Smiley



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November 11, 2020, 02:17:11 PM
 #11

~snip~


I suggest if you want to get more people to take the survey add some rewards to attract them because most of the people here don't want to waste their time for taking the survey(Just what I think).

If you are going to add some rewards I would suggest you to bring this thread or make a new one in services section
where most people looking for rewards.

Anyway, I already volunteer and answered many questions it almost related to Bitcoin payment but actually there are many big companies accepting Bitcoins like namecheap.


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November 11, 2020, 02:20:54 PM
 #12

Online survey is always bad.

The readers, viewers and participants of your survey can be limited to one forum, one site, one geographic location (continent) and you can not randomly take a good sample for your survey. It is one of main and important reasons why pollsters in the US took their surveys very bad and get bad results.

Online survey if is not managed good can allow one person takes the survey 10 times or hundreds of time.

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November 11, 2020, 02:36:12 PM
 #13

I think it will be nice to post your questions here so we can reply thank clicking on a link that may not be secure.
Things are not done in such manners on this forum, series of surveys has been made in the past and this is how they have been made so far. But, such as this is optional and not compulsory for everyone. In the past, most of the surveys i participated did paid some few sats to participants but that doesn't mean without it survey won't get done honestly.

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November 11, 2020, 04:15:32 PM
 #14

Hello!

I am a student of Faculty of Social Sciences. For my diploma thesis I want to find out how you think about Bitcoin as a payment method and in general. Your opinion will importantly contribute to a better understanding of Bitcoin use.

In accordance with the recognized ethical standards of scientific research with the EU General Data Protection Regulation (GDPR), steps will be taken to protect your personal data in the process of collection and use for educational and scientific research purposes. The survey data collected will be used in anonymized form for research purposes.

Here is link to the survey: https://www.1ka.si/BitcoinSurvey
First I wanna say good luck with your diploma thesis have choose different topic about bitcoin as payment method in general, I have opinion why many people have move and change payment from fiat become bitcoin, first bitcoin is digital currency assets where sending bitcoin just few minute than you use fiat as your payment method, second why have to use bitcoin for payment because bitcoin value always increase day by day and fiat will give inflation for your money. How billion people not realize when using fiat for payment currency each year value will change and you can try buy something with $100 and the try to buy the same at next year, still you get the same product or not.

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November 11, 2020, 04:28:34 PM
 #15

In my personal experience, merchant payment of bitcoin has decreased and people are losing their interest in paying through bitcoin.
There are several reasons for it, the most important ones being the fees and transaction time, introduction of crypto cards and other stable crypto for payment. People are also more keen on holding and trading bitcoin than to cash them out.

There are other ways to continue having more merchants that accept Bitcoin as payment, an exchange partner ship that have Fiat in their wallet . I mean merchant should make partner with one of the popular exchange in their country so every time theyhave payment it is fixed in Fiat value not in crypto since it's really volatile.
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November 11, 2020, 04:41:43 PM
 #16

Although Bitcoin is now present for quite a while many people are still not familiar with it. Many of them who are but don't know enough about it don't see Bitcoin as a payment method or think it's not reliable enough, don't trust it because it's not regulated or transactions are too expensive for them etc.
Personally I like to use Bitcoin as a payment method but many people don't and we are still very far away from using is a wide accepted payment method.

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November 11, 2020, 04:53:17 PM
 #17

Online survey is always bad.

The readers, viewers and participants of your survey can be limited to one forum, one site, one geographic location (continent) and you can not randomly take a good sample for your survey. It is one of main and important reasons why pollsters in the US took their surveys very bad and get bad results.

Online survey if is not managed good can allow one person takes the survey 10 times or hundreds of time.

No one can portrays negatively about survey because from the on set we all knows that surveying always grant the short ways to understand and also knows the rudiments of a thing we are interested to adventure into, so carrying out such action or functions will direct the person to the positive way, I don't really comprehend the text clearly but from what I understood with survey humans can achieve a positive result.

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November 11, 2020, 04:57:44 PM
 #18

<snip>
Online survey if is not managed good can allow one person takes the survey 10 times or hundreds of time.
Perhaps you should also look for a good side of online survey.
Logically thinking... it will really be hard to find someone that has some background on bitcoin, specially we at pandemic, locked on our houses.
The story is different if he used random sampling, which I thiink he doesn't.
You know, he has his target sample for his survey Smiley I guess the OP used a type of sampling method which fitted the best on gathering information for his research.

Who's gonna answer the survey more than once?  None, unless he has nothing to do with his time.
The survey questionnaires are quite good, it's informative also in some part.

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November 11, 2020, 05:55:12 PM
 #19

I'm glad to know that you are conducting a research about bitcoin. I hope it turns well. Just to add with other's suggestion, I hope you would tell us the title of your research as well as some backgrounds or introduction about it or maybe some related literatures. I remember when you are conducting a research you must state the problem and your goals of your study. Also please do attach some images so that we can read some infos about your survey. I hope when the research is over, you will going to share the result of your study.
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November 11, 2020, 11:57:02 PM
 #20

I have filled your survey.

A big problem for BTC as a payment method is that it doesn't really work for that purpose. It takes too long and the fees are too high.
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