77% of Russian investors prefer Bitcoin to Gold and Forex

[Wong Gendheng]

I am Russian and I can say that it is easier to enter the crypto market than to enter the forex or stock market. As sometimes you just need qualified investor status, sometimes you need to have a minimum amount of money which is also usually a quite big amount to start. Young guys are really in favour of progressive bitcoin. Moreover, I work in the crypto market and haven’t had to pay taxes yet, but with gold and forex there is an opposite situation.

When we invest in gold, forex, or stocks that have been officially registered by the state, of course there is strict supervision and an obligation to pay taxes, this is certainly inconvenient for beginners who have small money so crypto is the best solution to learn and start investing.

[1714884097]

1714884097

[electronicash]

I am Russian and I can say that it is easier to enter the crypto market than to enter the forex or stock market. As sometimes you just need qualified investor status, sometimes you need to have a minimum amount of money which is also usually a quite big amount to start. Young guys are really in favour of progressive bitcoin. Moreover, I work in the crypto market and haven’t had to pay taxes yet, but with gold and forex there is an opposite situation.

When we invest in gold, forex, or stocks that have been officially registered by the state, of course there is strict supervision and an obligation to pay taxes, this is certainly inconvenient for beginners who have small money so crypto is the best solution to learn and start investing.

while true they are misled by the information that crypto couldn't be taxed. since Russia has a tight stance on Bitcoin, it will likely have stiff regulation on the crypto market upon seeing this result.

Bitcoin has been I'm the news every day. if the investors have heard of it before where BTC is bad-mouthed, they'd be more curious as to why it's on the news over and over. seeing BTC as a hedge to inflation makes investors interested more than the negative news about it.

[BOAEDAN]

is now increasingly popular among Russian investors. Recent surveys even claim that Russian investors are now increasingly choosing crypto investments over gold or forex. A local self-regulatory organization focused on the foreign exchange market, the Russian Association of Forex Dealers (AFD), recently conducted a survey of 502 investors. related to their interest in cryptocurrencies. As a result, nearly 77% of respondents said that cryptocurrencies such as Bitcoin, Ether (ETH), and Litecoin (LTC) are investments that have prospects in the future. Only 8.8% of respondents stated that they view gold as a the best investment, while 14% prefer forex or currencies.

[mrongoz_imut]

Although Russian investors are increasing betting on cryptocurrencies, the country's central bank continues to maintain a tough stance on crypto. In June, the Governor of the Bank of Russia, Elvira Nabiullina, named crypto as one of the most dangerous investment tools available today. While skeptical about private cryptocurrencies, Russia's central bank is currently focusing on developing the digital ruble, the central bank's digital currency project. The Russian bank is expected to enter trials in 2022.

[TWW]

Although Russian investors are increasing betting on cryptocurrencies, the country's central bank continues to maintain a tough stance on crypto. In June, the Governor of the Bank of Russia, Elvira Nabiullina, named crypto as one of the most dangerous investment tools available today. While skeptical about private cryptocurrencies, Russia's central bank is currently focusing on developing the digital ruble, the central bank's digital currency project. The Russian bank is expected to enter trials in 2022.

I think the creation of their own digital currency is an alternative to their people's trust in the government rather than having to take risks to enter the crypto market.
I think the attitude shown is also not wrong. because indeed in the crypto market we know how big the risk is for new people with no investment experience.
most crypto users in Russia will probably feel it. how to invest in the crypto market or another more profitable investment market.

[Sithara007]

Although Russian investors are increasing betting on cryptocurrencies, the country's central bank continues to maintain a tough stance on crypto. In June, the Governor of the Bank of Russia, Elvira Nabiullina, named crypto as one of the most dangerous investment tools available today. While skeptical about private cryptocurrencies, Russia's central bank is currently focusing on developing the digital ruble, the central bank's digital currency project. The Russian bank is expected to enter trials in 2022.

Yeah.. authoritarian countries such as China, Russia and India have this wet dream of replacing Bitcoin with their CBDC shitcoin. But these regimes fail to understand that fiat based coins can never act as a replacement for cryptocurrencies. The main attractiveness of Bitcoin is that it is protected against inflation. CBDCs are similar to fiat currency in this aspect and therefore they are not protected against inflation. No one will be ready to use these shitcoins, even if the regimes force people to use them. 

[hd49728]

I think the creation of their own digital currency is an alternative to their people's trust in the government rather than having to take risks to enter the crypto market.
I think the attitude shown is also not wrong. because indeed in the crypto market we know how big the risk is for new people with no investment experience.
most crypto users in Russia will probably feel it. how to invest in the crypto market or another more profitable investment market.

They try to use the blockchain technology and renew their fiat currencies with CBDCs. It does not change the basics of their currencies, decreasing power over time. Purchasing power of the US. Dollar over time. Other fiat currencies have same trend because all fiat currencies are hyperinflated. They are controlled by governments that try to print as many as possible.

Yeah.. authoritarian countries such as China, Russia and India have this wet dream of replacing Bitcoin with their CBDC shitcoin. But these regimes fail to understand that fiat based coins can never act as a replacement for cryptocurrencies. The main attractiveness of Bitcoin is that it is protected against inflation. CBDCs are similar to fiat currency in this aspect and therefore they are not protected against inflation. No one will be ready to use these shitcoins, even if the regimes force people to use them. 

Their CBDCs will make noise and when citizens have experience with their CBDCs, they will feel good with digital currencies. It will help them realize that what governments said about Bitcoin and crypto is wrong. They will gradually move from CBDCs to Bitcoin and real cryptocurrencies.

Two topics about CBDCs and stable coins.
[GUIDE] All About Central Bank Digital Currency (CBDC)
[GUIDE] Stablecoin Economy

[pergola]

Investing in gold is quite low return and it is like stable coin. Forex investing with high risk and return cannot be more attractive than Bitcoin.
As far as I know and my own experience, the majority of Ponzi investment websites are from Russia and they are holding a large amount of Bitcoin.
Russians also like to invest in things with great returns. Almost everyone likes Bitcoin, not just Russia.

[Hypnosis00]

Investing in gold is quite low return and it is like stable coin. Forex investing with high risk and return cannot be more attractive than Bitcoin.
As far as I know and my own experience, the majority of Ponzi investment websites are from Russia and they are holding a large amount of Bitcoin.
Russians also like to invest in things with great returns. Almost everyone likes Bitcoin, not just Russia.

I don't know where you get that information, as a scam and any Ponzi Scheme will happen anywhere, we all can be a source of that.

Well, It was the people from Russia who got more interest in Bitcoin. They say Bitcoin is more profitable base on what they have experience and we've experienced it as well. I'm not going to be surprised as this investment has become known to most of us and on the internet.

[pergola]

I don't know where you get that information, as a scam and any Ponzi Scheme will happen anywhere, we all can be a source of that.

Well, It was the people from Russia who got more interest in Bitcoin. They say Bitcoin is more profitable base on what they have experience and we've experienced it as well. I'm not going to be surprised as this investment has become known to most of us and on the internet.

What I say comes from my personal experience. Russians are heavily involved in Ponzi projects and many projects are created by them.
If we pay attention to crypto, we will see very few crypto projects from Russia, only a few successful projects and long-term commitments. WAVES is a typical project.
The Bitcoin and crypto participation of the people of Russia also comes from their experience. I agree with that.

[hd49728]

What I say comes from my personal experience. Russians are heavily involved in Ponzi projects and many projects are created by them.
If we pay attention to crypto, we will see very few crypto projects from Russia, only a few successful projects and long-term commitments. WAVES is a typical project.

Russian developers are very talented and why only WAVES, did you forget the Ethereum project and Vitalik Buterin?

Telegram project as well. Russia has big developer communities and they are big country too. They have big contributions not only in crypto, blockchain technology but also in other industries and other areas of human civilization.

I don't think the Ponzi scheme should be blamed on Russian developers and we should not consider them as bad because of Ponzi. Ponzi exists everywhere. You can not say Bitcoin is bad because bad guys abuse Bitcoin for their Ponzi projects.

[pergola]

What I say comes from my personal experience. Russians are heavily involved in Ponzi projects and many projects are created by them.
If we pay attention to crypto, we will see very few crypto projects from Russia, only a few successful projects and long-term commitments. WAVES is a typical project.

Russian developers are very talented and why only WAVES, did you forget the Ethereum project and Vitalik Buterin?

Telegram project as well. Russia has big developer communities and they are big country too. They have big contributions not only in crypto, blockchain technology but also in other industries and other areas of human civilization.

I don't think the Ponzi scheme should be blamed on Russian developers and we should not consider them as bad because of Ponzi. Ponzi exists everywhere. You can not say Bitcoin is bad because bad guys abuse Bitcoin for their Ponzi projects.

Ponzi exists everywhere. I agree with that.
Ethereum is a project from the US.
Telegram is a project from Russia but they are no longer registered in Russia. They move constantly so that they do not have to be controlled by any country.