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Homepage / News November 17, 2017 263 views

Survey Says Bitcoin Holders Won’t Sell Till Properly Over $100K

Survey Says Bitcoin Holders Will not Sell Until Well Over $100K

Survey Says Bitcoin Holders Won't Sell Until Well Over $100K


3 surveys in as many months of residents in the United States, encompassing a lot more than two,500 folks, reveal expanding interest in bitcoin and cryptocurrencies. The latest survey introduces eye-popping specifics relating to general belief in bitcoin’s power and a hodl technique that’s nearly unimaginable.&nbsp&nbsp

Also study:&nbspSurvey Respondents Say Bitcoin to Attain $ten,000

Survey Says Bitcoin Holders Won't Sell Until Well Over $100K

Lendedu Survey Outcomes Urge Optimism

Lendedu, provider of transparent private student loan programs, commissioned a series of three surveys on the topic of cryptocurrencies and US residents’ attitudes. Every single of the very first two comprised 1,000 respondents, and covered bitcoin, ether, and ripple. The third in as several months, released 15 November 2017, halved the previous respondent numbers to focus exclusively on bitcoin investors.

The on-line poll was performed by Pollfish, a 24/7 on-line survey platform using mobile applications, over 5 days: 9 November via 13 November.

Lendedu stresses it “was not compensated by a third-celebration for operating this survey,” and has “no monetary relationships with any businesses who industry Bitcoin or cryptocurrency goods.” As of the third survey’s publication, “none of the staff on Lendedu’s editorial group own Bitcoin,” they note.

Out of the gate, its first query was to ask why respondents were invested in bitcoin. Of the available alternatives, from shop of value to its price, and even the bandwagon impact of buddies and family, over 40 % chose, “I think Bitcoin is a globe changing technologies.”

Survey Says Bitcoin Holders Won't Sell Until Well Over $100K

Now that is Hodl Philosophy

“On average, respondents reported that the current value of their Bitcoin investment was $two,930.85,” the poll claims. “At the time of the survey completion, the value per Bitcoin was $6,490.”

Much more than half profess not to worry about security elements of bitcoin, and two-thirds have however to sell any of their bitcoin. Only 35 % refuse to report bitcoin earnings to the IRS.

The 1 statistic that really jumps out is the final question’s answer. It asks at what cost “would you be prepared to sell all of your Bitcoin investment?”

Survey: Bitcoin is a World Changing Technology, Respondents Won't Sell Until Over $100K Price

“On typical,” the poll reveals, “respondents reported that they would be prepared to sell all of their Bitcoin investment at $196,165.79&nbspper Bitcoin.” Contemplating the average respondent is apt to have bitcoin for only three years, this might show how utterly bullish investors are.

The survey did find “over 21 % of Bitcoin investors are arranging to hold their investments for more than seven years, with 11.70 % of those preparing to hang onto their Bitcoin for more than ten years.”

What do you believe of the survey’s results? Inform us in the comments beneath!

Pictures courtesy of: Pixabay, Lendedu, Pollfish

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Published at Fri, 17 Nov 2017 11:00:45 +0000