Survey On Americans Shows Their Intention To Hold Bitcoin Method Of Survey

Survey On Americans Shows Their Intention To Hold Bitcoin Method Of Survey

In the month of November’17, a survey of around five hundred and sixty four Americans was conducted. All these were the people who invested in Bitcoin. During the survey the emotions and sentiments of bitcoin holders were gauged. Earlier the surveys which were conducted focused on the public were to test their general awareness about BTC.

In 2015 during the survey conducted on Americans it was observed that almost 65 percent of them didn’t possess a knowledge about Bitcoins. There was a range of questions asked in the survey which started from purchase to sell of BTCs.

Sales of Bitcoin

Approx. price at which the maximum respondents of the survey were ready to sell their Bitcoins was close to dollar two hundred thousand for each bitcoin. This value is almost thirty times of the value at the time of survey. A third of bitcoin possessors have sold some of their possession from the time they began to invest.

Close to 12% of the investors would like to possess the Bitcoins for more than a decade. 20% of the holders show their intention to hold them for more than 7years. Approximately 16.5% respondents plan to sell them within a year. Maximum bitcoin holders of the survey showed their intention to keep them at-least for an annum.

Security Thoughts

Bitcoin holders have one worry in their mind which relates directly to the safety of the currency. Approximately half of the respondents were part of this worry of safety of technology. If we take into consideration the big profile case of Mt. Gox who was arrested in Japan. The former CEO, who pleaded that he wasn’t involved, was arrested for the charges of embezzlement.

There are several other exchanges facing the similar security issue. Because it has been on records that several customers lost their bitcoins due to hacking of the exchange. Though there are measures to keep the btc safe but still maximum investors are worried about safety and serity. They have the option of cold storage but worry continues.