74% of Bitcoin Investors will BUY MORE BITCOIN in 2018!

in crypto •  7 years ago 

concert-for-bitcoin.jpg

A recent poll of Americans by LendEdu shows that 74.6% of Bitcoin investors plan to buy more Bitcoin in 2018. The bullish sentiment mirrors Bitcoin’s huge gains in 2017 when it rose over 1,700%. The S&P 500 rose roughly 19% during the same period.

The survey results also reveal that 76.99% of respondents believe Bitcoin’s return on investment in 2018 will exceed its high-flying performance of last year.

Current Bitcoin investors are split on how they intend to treat their positions. 31.5% plan to sell, 40% plan to hold and 28.5% are undecided.

A whopping 50.8% of respondents expect to use Bitcoin in 2018 to make at least one purchase, despite a majority believing Bitcoin will have a higher annual return on investment. Only 19.82% of respondents intend to hold on to the asset without making any purchases.

Regarding government regulation of Bitcoin, respondents were also split, with 30.27% wanting the government to play a stronger role, 49.73% rejecting government regulation, and 20% remaining undecided.

The lack of consensus among the 565 American participants, aged 18 and over, and the ongoing lack of government regulation in the markets underscore market volatility, price inefficiencies and a general uncertainty about Bitcoin’s long-term future.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://dailyhodl.com/2018/01/08/poll-shows-74-of-bitcoin-investors-plan-to-invest-in-more-bitcoin/

Congratulations @mcrypto! You received a personal award!

1 Year on Steemit

Click here to view your Board

Do not miss the last post from @steemitboard:

SteemWhales has officially moved to SteemitBoard Ranking
SteemitBoard - Witness Update

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @mcrypto! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!