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Bitcoin Research Questionnaire

Survey: Most Bitcoin Investors Expect Even Fatter Returns In 2018

Survey: Most Bitcoin Investors Expect Even Fatter Returns In 2018

Survey: Most Bitcoin Investors Expect Even Fatter Returns in 2018 Most bitcoin investors in the U.S. are expecting the cryptocurrency to perform even better next year than this years seventeen-fold appreciation, according to a newly published survey. LendEDU, a digital student loan startup which has now published four such surveys asking various questions about bitcoin and cryptocurrencies, polled 565 Americans between Nov. 9 and Nov. 13, 2017. It found that roughly 77% of participants believe bitcoins price will grow more quickly in 2018 than it did this year. While bitcoin started 2017 hovering just below $1,000, it was trading at more than $16,500 with highs above $17,000 as of Dec. 14, according to CoinDesks Bitcoin Price Index ( BPI ). Perhaps as a result, nearly 75% of investors plan to increase the size of their investments in bitcoin next year, with less than 10% not planning to, the LendEDU survey found. On the other hand, about 31.5% of respondents plan to sell at least some of their bitcoin in 2018, with 40% stating they would not and 28.5% being unsure. A smaller majority, 51%, said they would make at least one physical purchase using the cryptocurrency, with 30% being unsure if they would or not. LendEDU stated that regulation could help stabilize bitcoins price, but excessive regulation could conflict with its core principles and alienate some of its supporters. When asked, some 50% of respondents said they would not like to see more regulation, while a hair over 30 percent of respondents said they would like to see more regulation. We found that the plurality of Bitcoin investors do not want additional regulation in 2018. However, we thought it was interesting to see that 20 percent of our respondents are unsure about the idea of increased regulation. Th Continue reading >>

And The Bitcoin Survey Says... - Invest In Blockchain

And The Bitcoin Survey Says... - Invest In Blockchain

A bitcoin survey by DataTrek Research yielded some quite revealing and interesting results. The survey was conducted the week of November 13 with a total of 317 responses. Respondents included: Money managers (60%) or RIAs/Wealth Advisors 51% are over 45 years old, and 79% are over 35 years old Less than 5% work in the crypto-currency industry Ill provide their data results with their comments, followed by our thoughts. And since a picture is worth a thousand words, where feasible a pie graph has been provided: Where will bitcoin close the year (2017)? Our comments: As expected, we had a wide range of responses here. Overall, the wisdom of this particular crowd says bitcoin may be range-bound through the end of the year. Still, with a standard deviation of $2,500, it could top $10,000 or drop close to $5,000 and still be within one sigma of the distribution. With bitcoin currently at $8,200, theyve fallen a bit short. Many who know the market, such as billionaire hedge fund investor Mike Novogratz , whos already made many millions of dollars investing in crypto-assets, states a target price in the short-term as being closer to $10,000. And when institutional investors dive into the fray itll go much, much higher. Our comments: we were surprised the bubble response was less than 40% given widespread commentary in that direction and the age/experience of the respondents. By age, at least, our survey takers has seen their fair share of bubbles. We were ready to see +70% responses indicate bitcoins price is unsustainable. Less than 40% is, well, remarkable. See the previous comment. Its also obvious many of the respondents hadnt read Are we in a crypto-bubble ? I sense bias in the comment by the way, like the author(s) felt it was a bubble and were shocked the responses we Continue reading >>

New Coindesk Report Reveals Who Really Uses Bitcoin

New Coindesk Report Reveals Who Really Uses Bitcoin

New CoinDesk Report Reveals Who Really Uses Bitcoin Young, pale, techie and male. Anecdotally, this has been the make up of bitcoins core community since the cryptocurrency began, at least if media reports and Internet chatter are to be believed. But in 2015, is this still an accurate reflection of its user base worldwide?In our latest research report Who Really Uses Bitcoin? weput this theory to the test. Analysingnearly 4,000 responses received in our multilingual survey, likely the largest in bitcoins history, the 45-page report provides an in-depth look at who is using bitcoin, who isnt and why that matters. But more than that, this reportattempts to identify ways in whichthe community that uses the cryptocurrencycan expand its reach, movingbeyond the current demographic tonew groups, withdifferent cultures, economicstatus and needs. Acomplete profile of the average bitcoin user by age, gender, location and background. Detailed consumer spending data how are people acquiring and using their bitcoin? Tips forcompanies expanding bitcoins technology to emerging markets and underrepresented groups. Expert insighton bitcoins branding problem and why improving accessibility is critical. By and large, the surveys responses paint a picture faithful to the young, white, tech-savvy men that have become the poster boys ofbitcoin. Of the 3,515 respondents who told us they owned bitcoin, almost 60%were under 35 years old. Despite a growing number ofinitiativessuch as Bitcoin Womens Day , women using bitcoin are still a minority, with over 90% of bitcoin users in our survey identifying as male. Though this figure is a minusculeimprovement (5.2%) from the male majority seen in previous surveys . With regards to race, 65.8% of respondents in the survey identified as White. Second Continue reading >>

A Survey On Security And Privacy Issues Of Bitcoin

A Survey On Security And Privacy Issues Of Bitcoin

A Survey on Security and Privacy Issues of Bitcoin Abstract: Bitcoin is a popular cryptocurrency that records all transactions in a distributed append-only public ledger called blockchain. The security of Bitcoin heavily relies on the incentive-compatible proof-of-work (PoW) based distributed consensus protocol, which is run by the network nodes called miners. In exchange for the incentive, the miners are expected to maintain the blockchain honestly. Since its launch in 2009, Bitcoin economy has grown at an enormous rate, and it is now worth about 150 billions of dollars. This exponential growth in the market value of bitcoins motivate adversaries to exploit weaknesses for profit, and researchers to discover new vulnerabilities in the system, propose countermeasures, and predict upcoming trends. In this paper, we present a systematic survey that covers the security and privacy aspects of Bitcoin. We start by giving an overview of the Bitcoin system and its major components along with their functionality and interactions within the system. We review the existing vulnerabilities in Bitcoin and its major underlying technologies such as blockchain and PoW-based consensus protocol. These vulnerabilities lead to the execution of various security threats to the standard functionality of Bitcoin. We then investigate the feasibility and robustness of the state-of-the-art security solutions. Additionally, we discuss the current anonymity considerations in Bitcoin and the privacy-related threats to Bitcoin users along with the analysis of the existing privacy-preserving solutions. Finally, we summarize the critical open challenges, and we suggest directions for future research towards provisioning stringent security and privacy solutions for Bitcoin. Continue reading >>

Here's Why Americans Aren't Buying Cryptocurrencies: Survey | Finder.com

Here's Why Americans Aren't Buying Cryptocurrencies: Survey | Finder.com

Most people havent bought into virtual currencies because of a lack of interest or practical need. Cryptocurrencies continue to push their way into mainstream society, serving up attention-grabbing news headlines and stirring regulatory controversy at the highest levels of government and consumer protection. Despite their sudden rise in popularity and constant discourse on social media channels and online forums, the overwhelming majority (92.05%) of Americans do not actually own any digital currencies, according to a recent survey of 2,001 American adults commissioned by finder.com and carried out by Pureprofile in February. Of those respondents who havent purchased crypto , less than one in 10 (8%) have plans to do so in the future. Two-fifths (40%) of those who havent bought virtual currencies revealed that they chose not to because they were disinterested in them or felt that there was no practical need to hold these types of assets. A similar proportion (35%) claimed that the risks were too high, while a little over a quarter (27%) suggested that the industry and cryptocurrencies themselves were too difficult to understand. Almost one in five (18%) respondents were hesitant to buy into the current craze because they believed it was a scam or fraud. Some Americans (16%) are waiting for what they believe is a bubble to burst. A number of economists have suggested that this theory will come to fruition at some point in the near future. Around one in 10 (11%) respondents said crypto was too complicated and fewer still (6%) think that there are too many fees involved. However, the median transaction fee for bitcoin trades fell to a 10-month low of $0.52 towards the end of February , after peaking at an all-time high of $34.09 in late December last year. In response, a Continue reading >>

Survey Polls American Awareness Of Cryptocurrencies And Icos

Survey Polls American Awareness Of Cryptocurrencies And Icos

Survey Polls American Awareness of Cryptocurrencies and ICOs In October 2017, LendEDU, a marketplace for financing loans, credit cards and other financial products, polled 1,000 Americans asking a series of questions related to Ethereum, Ripple and initial coin offerings (ICOs). They did this to gain insight into the average Americans perception of cryptocurrency. The poll was conducted by online polling company OnePoll, which acted as a third party and was able to provide an age and gender breakdown of respondents. The poll was answered by 1,000 Americans ages 18 and up over two days, from October 27 to 30. At the time of writing, with a market capitalization of$28.49 billion,Ethereum is the second-largest cryptocurrency,about one-fourth the market capitalization of Bitcoin.Since the start of 2017, the price of ether has grown from $7.98 to $298. 31.60 percent of Americans have heard of Ethereum and 18.20 percent of Americans are planning to invest in ether (ETH) The survey showed that American awareness of Ethereum trends toward a younger (millennial) demographic with 58.49 percent of Americans between the ages of 18 and 24 having heard of the cryptocurrency and 32.08 percent of the same demographic planning to invest in Ethereum as an asset for the future. 47 percent less Americans have heard of Ethereum compared to Bitcoin based on a LendEDU survey conducted a month prior on Bitcoin. When asked whether or not they would invest in either cryptocurrency as an asset for the future, Americans 2534 showed the most interest. The number of these respondents saying they would invest in Bitcoin was only 6.68 percent greater than those saying they would invest in Ethereum. On the opposite end of the spectrum, only about 1.34 percent of Americans 55 and older plan to invest i Continue reading >>

State Of Blockchain Survey: The Future Of Bitcoin, Ethereum And Icos

State Of Blockchain Survey: The Future Of Bitcoin, Ethereum And Icos

State of Blockchain Survey: The Future of Bitcoin, Ethereum and ICOs Jul 14, 2017 at 14:00 UTC|UpdatedJul 15, 2017 at 15:27 UTC Bitcoin crossed the$40bn mark for market cap, ether rallied over 700% and the combined value of all blockchain-based tokens in existence shot north of$105bn (exceeding financial giants like Goldman Sachs and Morgan Stanley ). Without a doubt, the crypto tokens underlying a growing universe of blockchain protocols now comprises its own independent asset class, unique from any that came before it. And the proof is in the numbers. Total blockchain venture capital for the year has already beenexceeded by ICO fundings for the first time , and the trend has only accelerated since . It's now routine for ICOs to raise more than $100m, with multiple projects within the last 30 days accumulating nine-digit sums (based on the current valueof the bitcoinand ether contributed, of course). Most have set all-timecrowdfunding records, only to have them broken days or weeks later. In short, a new wave of investment interest has led both retail investors and institutional funds toline upto take advantage of the growing appetite for new tokens. As part of CoinDesk's forthcoming State of Blockchain Q2 2017 report, we're seeking to better understand how the blockchain industry views thesehistory-making trends -fromboth a positive and a negative perspective. Are we in the midst of a cryptocurrency bubble ? Would ICO mania come crashing down with a drop in bitcoin and ether prices? Is the mainstreamfinally getting interested in blockchain technology or merelyspeculating on the next tokenspike? Have strong opinions on the current state of the industry?Make your voice heard byfilling in the survey here: As an alternative to the embedded survey, just click the link bel Continue reading >>

Results Of Our Bitcoin Survey

Results Of Our Bitcoin Survey

We have the results to our recent bitcoin/crypto currency survey, done in conjunction with Triad Securities Corp.Thanks to all who participated, and we will be emailing the lucky prizewinnerson Monday. A few words on the general characteristics of our respondents: Most (60%) are money managers or RIAs/Wealth Advisors 51% are over 45 years old, and 79% are over 35 years old Less than 5% work in the crypto currency industry We had 317 responses in total, spanning the week ending November 13th Here is a summary of the results and our comments: Question: Where will bitcoin close the year (2017)? Our comments: As expected, we had a wide range of responses here.Overall, the wisdom of this particular crowd says bitcoin may be range-bound through the end of the year. Still, with a standard deviation of $2,500, it could top $10,000 or drop close to $5,000 and still be within one sigma of the distribution. Continue to rise at a much slower pace: 27.1% Value doubles in the next 6 months or sooner: 16.4% Our comments: we were surprised the bubble response was less than 40% given widespread commentary in that direction and the age/experience of the respondents.By age, at least, our survey takers has seen their fair share of bubbles. We were ready to see +70% responses indicate bitcoins price is unsustainable. Less than 40% is, well, remarkable. Have you ever bought bitcoin or other crypto currencies? Yes, but only in the last 6 months: 14.5% Yes, and I have been involved for +6 months: 16.7% No, and I am unfamiliar with bitcoin/cryptos: 1.6% Our comments: there are still plenty of fence sitters here, with those who have considered purchasing (36%) outnumbering those that have bought (31%).The big question is if they are waiting for a pullback, or further gains? Would you ever see b Continue reading >>

Bitcoin Survey Suggests Bright Future For Cryptocurrency

Bitcoin Survey Suggests Bright Future For Cryptocurrency

Bitcoin Survey Suggests Bright Future For Cryptocurrency Opinions expressed by Forbes Contributors are their own. Crypto & Blockchain I write about how bitcoin, crypto, and fintech are changing the world. Bitcoin could be in for a boost with U.S. students twice as likely as the countrys average to own cryptocurrency, a survey by Coinbase and carried out by researchersQriously has revealed . With 18% of U.S. student respondents saying said they own (or have owned) bitcoin or some other cryptocurrency, twice the rate of the general population, it suggests bitcoin ownership and adoption could be about to rise. Students are often seen asbellwethers of cultural and technological change. Facebook, now the world's largest social network, was initially open only to students and found mass adoption among the world's youth before spreading to older generations. Before that, a much younger internet, back in the 1980s, was predominantly used by students, academics and universities to share research before it was later commercialized. Among all students surveyed, 17% said they consider their knowledge of cryptocurrency and blockchain was very good, compared to just 9% of the general population surveyed at the same time. However, the survey comes after a warning by Coinbase's chief executive earlier this month that suggested commercial bitcoin adoption for payments could take "quite some time." Computer science majors were the most likely group to own bitcoin or cryptocurrency. The survey results do though chime with a paper from researchers at Imperial College London out in July that said digital currencies are primed for mass adoption . According to the paperbitcoin and cryptocurrencieswill hit the mainstream as a way of paying for goods and services within the next decade, as man Continue reading >>

70% Of Respondents Prefer Being Gifted Money In Digital Currency, Survey

70% Of Respondents Prefer Being Gifted Money In Digital Currency, Survey

70% of Respondents Prefer Being Gifted Money in Digital Currency, Survey The Bank of England asked Twitter users to choose how they would want to receive money for Christmas, and most chose digital currency. The U.K.s central bank asked Twitter users to choose how they would prefer to receive money as a Christmas gift the majority chose digital currency The vast majority of respondents to an ongoing United Kingdom central bank Twitter survey , posted Dec. 17, said they would prefer to receive a gift of money in digital currency. Screenshot of the Bank of Englands Twitter survey. Source: Twitter The Bank of Englands survey asks participants to choose their preferred way to receive money as a Christmas gift, showing the options cash, bank transfer, gift voucher and digital currency. At press time, 8,230 people have responded and 70 percent of them have chosen digital currency. Cash is in second place, with 21 percent of respondents indicating it as a their favorite way to get money as a gift. Bank transfers and gift vouchers are currently the least popular forms, chosen by 7 percent and 2 percent of respondents respectively. Last month, a similar survey was conducted by former United States Congressman, Ron Paul , who asked Twitter users Nov. 15 how they would prefer to receive $10,000. Pauls twist was that the hypothetical gift would have to be left in the form in which it was received for ten years. The results posted that 50 percent of respondents prefer Bitcoin ( BTC ), with gold somewhat close behind at 37 percent. Back in November, Mati Greenspan, a senior analyst at the U.K.-based trading platform eToro, did his own Twitter survey asking Whats your favorite crypto? Results showed that 46 percent of the 28,189 respondents chose Ripple ( XRP ), while Bitcoin ( BTC ) Continue reading >>

Survey: Most Americans Still Have Zero Clue About Bitcoin And Cryptocurrency

Survey: Most Americans Still Have Zero Clue About Bitcoin And Cryptocurrency

Survey: Most Americans Still Have Zero Clue about Bitcoin and Cryptocurrency Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Cryptocurrencies are having a moment. The two most popular cryptocurrencies, Bitcoin and Ethereum, have exploded exponentially in value this year. Meanwhile, ICOs have outpaced venture capital in early-round funding efforts; Goldman Sachs has expressed interest in launching a crypto-focused trading product; and the CME Group Inc. announced the first regulated Bitcoin futures product that will be featured on the open market. Oddly, all of this activity has not changed Americans perceptions or understandings of cryptocurrencies. A recent poll conducted by LendEDU revealed some startling information about our collective understanding and acceptance of cryptocurrencies. LendEDU commissioned a survey of 1,000 respondents who were asked various questions to determine their familiarity with cryptocurrency. The results revealed wide differences in the awareness of the most popular cryptocurrency, Bitcoin. According to the survey, almost 80% of respondents had heard of Bitcoin . However, the second most popular and prominent currency, Ethereum, was recognized far less. These awareness levels reflect the actual investment trends for cryptocurrencies in 2017. Market capitalization for cryptocurrencies has grown almost 2000% this year, and Bitcoin accounts for almost half of that growth. In many ways, this level of awareness is a positive indicator for the entire crypto-universe. If one or two prominent cryptocurrencies can lead the way, its possible that the entire crypto-ecosystem can follow behind. Unfortunately, the survey also had some troubling information for cryptocurrencies. A surprisingly high 11% actually thought that Bitcoin Continue reading >>

Academic Research On Digital Currency Isbitcoin Accepted As A Transaction Enabling Tool And As A Vehicle Of Investment?

Academic Research On Digital Currency Isbitcoin Accepted As A Transaction Enabling Tool And As A Vehicle Of Investment?

Academic Research on Digital Currency IsBitcoin accepted as a transaction enabling tool and as a vehicle of investment? The purpose of this research project is to explore the growth and potential of digital currencies such as Bitcoin. This Questionnaire will measure the current usage of bitcoin, in respect to demographics as well as gather opinions on its uses as a cryptocurrency (also referred to as digital currency). This is a research project being conducted by Ms T Amin at Coventry University. You are invited to participate in this research project as a user of Bitcoin; where your contribution to the research will add value. Your participation in this research study is voluntary. You may choose not to participate. If you decide to participate in this research survey, you may withdraw at any time. The procedure involves filling an online survey that will take approximately 10 minutes. Your responses will be confidential and we do not collect identifying information such as your name, email address or IP address. The survey questions will be about your usage of Bitcoin, and to gather your opinions on using bitcoin as a transaction enabling tool. We will do our best to keep your information confidential. All data is stored in a password protected electronic format. To help protect your confidentiality, the surveys will not contain information that will personally identify you. The results of this study will be used for scholarly purposes only and may be shared with Coventry University representatives. Anonymised research data will be archived at Coventry University for one year in order to make them available to other researchers in line with current data sharing practices If you have any questions about the research study, please contact Ms Amin at [email protected] Continue reading >>

Investing In Bitcoin: Survey & Report

Investing In Bitcoin: Survey & Report

Please note: This article was updated on November 26th, 2017 with Part #2 of our November survey. The Part #2 survey of Bitcoin investors was conducted to the same grouping of 564 respondents. The price of Bitcoin has risen dramatically since the start of the year. The virtual currencynow trades at $9,349 (as of 11/26), up from $997 at the start of 2017. While the price of Bitcoin is slightly off its high of $9,478, there have been no signs of slowing media coverage, headlines, ornew investor demand. In September , LendEDU asked 1,000 Americans a series of questions about Bitcoin as both an investment opportunity and asa currency. In October , we asked 1,000 Americans a series of questions related to Ethereum, Ripple, and Initial Coin Offerings. Over the last couple months, our data has shown that many Americans are excited by cryptocurrency. In November, we commissioned a new poll of 564 Americans who have invested in Bitcoin. Our goal was to test the current sentiment and future expectations of a specific sub-section: Bitcoin investors. We released Part #1 of the poll on November 15th, 2017. On November 26th, 2017 we released Part #2 of the poll conducted to the same respondents. What is the average investment amount? What is the typical investment timeline? What about capital gains taxes? In thispoll, we worked to answer many of these questions. Our own analysis can be found below the raw survey results below. Our methodology is provided at the end of this report. Part #2 -Survey Results (Published 11/26/17) 1. Have you invested in other cryptocurrencies besides Bitcoin? Note: Please select all that apply a. 30.15% of respondents answered "Yes, Ethereum" b. 15.60% of respondents answered "Yes, Ripple" c. 21.28% of respondents answered "Yes, another crypto currency b Continue reading >>

Cryptocurrency Survey: Awareness Of Bitcoin Reaches Record High Among Business Professionals

Cryptocurrency Survey: Awareness Of Bitcoin Reaches Record High Among Business Professionals

Cryptocurrency Survey: Awareness of Bitcoin Reaches Record High Among Business Professionals Opportunity surveyed a sample of it's more than 2,000,000 members worldwide to learn more about the growing popularity of Bitcoin, the world's leading cryptocurrency, and the impact it is having on the business community. Bitcoin, the popular cryptocurrency that has dominated headlines in recent weeks, recently surpassed a value of $11,000 per coin* - making it the fastest growing asset in the world this year and causing many people in the business community to take note. In short, Bitcoin is a digital currency, also known as a cryptocurrency, that emerged after the financial crisis and is not underpinned by a central bank. It allows people to bypass banks and traditional payment methods for goods and services.With the popularity of Bitcoin increasing each passing day, the Opportunity data science team decided it was time to survey our more than 2,000,000 business professionals to better understand how the cryptocurrency is being received (and used) around the world. *BTC value = $11,800 at the time of this post Below is a breakdown of those who responded to the survey followed by our findings. What we found is that nearly everyone who was surveyed has now heard of Bitcoin (90%) with nearly half having heard about it within the past 3 years. Surprisingly only a small percentage (9%) only recently heard about Bitcoin - with most having heard about it 2-3 years ago. The majoirty of those who have heard of Bitcoin however, are unable to explain how Bitcoin works. On a scale of 1-10 (10 being an expert in Bitcoin), the average respondent viewed themselves as a 5.28 - meaning they feel they aren't totally in the dark, but also do not feel very knowledgeable. Professionals in India s Continue reading >>

Bitcoin Questionnaire For Degree Study : Bitcoin

Bitcoin Questionnaire For Degree Study : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

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