Over the past several months cryptomedia has been talking about public’s perception of cryptocurrency. Some freshly released surveys put the spotlight on what people on both sides of blockchain border think - traditional trading community representatives and those who have already invested in cryptocurrency.
The survey covers the period from 6th to 13th of November. 317 traders answered ten questions that made us think of what future actually lies ahead of cryptocurrencies.
When asked whether they had ever bought Bitcoin or other cryptocurrencies, 31% said no, never, with a little more than 36% considering doing that. Around half of it - 15% - have been involved in cryptotrading in the last 6 months, while 16% have been dealing with Bitcoin even longer than that. 1,5% of respondents confessed of being totally unfamiliar with Bitcoin.
When asked about participating in ICO, only 8% stated that they have invested in such projects, while 48% of respondents haven’t even looked at them. 29% admitted that they had taken these investments into consideration, another 15% expressed a desire for additional regulation in this field.
A question about seeing Bitcoin as a macroeconomic tool and hedge against monetary policy showed split results - 40% said yes, while 43% said no.
Same 40% of those who answered the survey think that Bitcoin is a bubble and must crash.
Meanwhile, Lendedu published a report about Bitcoin investors. 40.78% of respondents admitted that they believed in Bitcoin as a world changing technology.
The second most popular reason why investors liked Bitcoin, chosen by 22% of respondents, was for the possibility of long term storage of value of it. This is proven by almost 40%, who said that they were planning to hold their Bitcoin investments for "1 to 3 years." On average, respondents reported that they would be willing to sell all of their Bitcoin investment at $196,165 per Bitcoin. At the time of the survey completion, the price per Bitcoin was $6,490. Interesting that when asked about the intention to sell while the price hits the record, more that 67% of investors said “no” and only 33% said “yes”.
As a whole, current Bitcoin investors don’t take their money off the table, which is a promising sign.
With trading platforms popping up on the market, an efficient investment strategy is required along with strong management skills. Ready-made “box” solutions, introduced by Tokenbox, are one of the best ways to enter the cryptocurrency market and keep up with community, as well as hold a well-balanced portfolio and invest in fintech of the future within a legal framework.
For investors accustomed to enjoying single digit growth, bitcoin, with its explosive growth, is an asset whose rise can only be watched with a mixture of envy and apprehension. No one knows where bitcoin will be six months from now, but one thing’s for sure: Wall Street’s watching closely.
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