/biz/ - Business & Finance

>>12479899
14k people spread across 11 countries? Lol, this is realistically very far off from the true mean

>>12479899
Still less than ten percent in most countries.

>>12479927
That's a decent sample.

Idiots. Just because you're not the 0.1% anymore doesn't mean BTC won't outperform the S&P in the next 10 years.

>>12479927
are you serious? how the fuck is 14,000 not a good enough sample size

>>12479947
Not at all that sample size is probably 0.1% of the population for the smallest country on that list, and imagine spreading that across 11 countries.. Also need to look at how the data was collected. Bet you the kind of people who did this survey all fit into similar categories.

so, even in France, only 6% of people using internet "holds" Bitcoin?

Do they count the larpers? Like my ex-coworker who told me, during december 2017 that he didn't remember how much BTC he owns?

Obviously you are not early adopters if you bought in Q4 2017. But you are not a late adopter.

>>12479997

because it's spread across 11 countries you common core mutt

>>12480088
15

It's interesting that the poorer the country the more people own crypto, still those numbers are quite small.

All the wallets combined (including multiple wallets from the same person) and it's still less than 0.1% of the world population

>>12480144

also the overall market cap is fucking tiny, the only people that think it is big and has peaked is newfags that know nothing about finance and havent been in crypto for long

>>12480088
so what? the mean percentage is still around 6%.
dunning kruger; the post

>>12480175
If its all so cheap why the fuck is no one in the world currently buying Bitcoin, altcoins or anything related?

Google Trends show literally 0 interest in crypto.

Sorry, norman. You lost.

>>12480175
Bitconnect was worth $800 milion. That is more than 99.9999% of companies in the US. At the peak Brad Garlinghouse (ripplefag) was worth more than the creators of Google
>m-muh low market cap guys

>>12480144
almost everyone that bought crypto never withdraw from the exchange. you realise coinbase alone has 25 million customers (0.35% of global population)??

>>12479899

I made enough to semi retire in Bitcoin..in 2018 around october i decided to read about Bitcoin OG's in silicon valley and what was it like in 2010 and 2011. To my astonishment everyone was already in during 2011. Look up Nathanial Poppers book called "Digital Gold". It gives you a good history of Bitcoin and ends around 2014 or 2015. After reading it in October i cut my 2018 profits to zero and got out of the market entirely. At that moment i realized that I'm not an early adopter(jan '17 entry.) And that Bitcoin returns will never be 10-100x ever again. Maybe some new coins will but not Bitcoin.

That being said read the book and you'll see in 2011 they had Bitcoin billboards in Silicon Valley and other places. Basically if you didnt get into Bitcoin before Jan 2013 you are a late adopter. If you got in 2018 or 2019 all the EASY money is gone. Quite literally the bubble popped and now everyone knows its just decentralized ponzi scheme.

>>12479899
If i make a pol on 4chan asking how many own crypto the numbers are going to be high, that poll is retarded without context.

>>12480375

People that bought Verge, Nano or Antshares in Jan 2017 or a little later were still able to make 300x-2000x.

These days will never return. Maybe 2-3x at best.

the easiest way to asses if you're an early adopter, is to check if at the ATH last year you had 8 figures or more in dollars from your crypto holdings.

if you didnt have over 10 million, then you definitely aren't early in crypto.

>>12480134
Shitty national currency = more crypto adoption

>>12480411
and of course that 8 figures should be at least 50% from crypto that came onto the market 12 months or earlier from the ATH.

>>12480411
I'm not sure if you understand what 'adopter' in early adopter means.
Hint, it's not about dumping for USD

>>12480424
of course not, its about btc value, but thats harder to calculate. the point is, if you never had 8 figures of more worth of crypto, a relatively easy task for somebody that got in early, then you wern't early.

>>12480394
3x at best??
What the heck are you talking about? I 3x'd in the last 3 months with LINK

>>12480435
I am in your described early adopter group, but true adoption hasn't even started. We are talking about flipping the economy, anon..

>>12479899
lmao the poll was made on /r/CryptoCurrency

>>12480454
flipping the economy would create people richer today than the richest people in history. i'd have 10-11+ figures from something like that. it makes zero economic sense, and it just comes from people wishing for the gains they missed out on in crypto, and extrapolating inevitably gives you numbers bigger than the current economy, which is insane, obviously.

>>12479899
I certainly wouldn't consider someone "owning" cryptocurrency if they use normie custodial services like Cuckbase. That's basically the antithesis of owning cryptocurrency. If you don't have the private keys you don't own it.

>>12480498
putting your bitcoin on coinbase is like owning paper gold, sure, but its still adoption as far as speculative investment goes, which is all that matters if you're still trying to get rich a decade into crypto

>>12479899
so we have around 50 million btc wallets but
9% holds btc
that's 40 million people in europe alone retard op so this is bs

>>12480514
Fair point and I'm with you on that one. No one is going to retire off bitcoin at this point. Fortunately I know enough about what's going on behind the scenes to know what's up next. I will certainly not be wagecucking for the next 40 years, I know that much.

>>12480539
Please see my point above about Custodial services. Mosy people who "own" bitcoin keep it in exchange wallets.

>>12480568
which means coinbase. they have 25 million users(2018 october)

>>12480472
Why wouldn't people be richer in the future and why wouldn't a global economy be richer than a local economy?

>>12480335
>If its all so cheap why the fuck is no one in the world currently buying Bitcoin, altcoins or anything related?

because normies greedily fomo in when it is 'safe to buy' and buy our bags you dumb cunt

>>12480414
Yes and no. Yes in the case of Turkey, Poland and Romania which have their own currencies. It goes to show BTC is way better than so many currencies. No in the case of the rest of the European countries, just look at the difference of Spain and Luxembourg despite that both countries adopted the €.

>>12479899
What's the deal with Turkey?

How many boomers who literally can't even use a computer answered this poll? How many kids under 18?

>>12480616
>why wouldn't a global economy be richer than a local economy?
Sharing the wealth from rich countries to poorer countries doesn't make the rich countries richer, no matter what the globalist press tells you.

Has sending manufacturing to china made america richer? How has Amazon affected local businesses

Literally looks made up to cause FOMO in people. Can't find the source or any more info on this poll lol.

>>12479899
Mostly poorfag countries with highest percentage ownership so most probably majority portfolios sub $200

>>12480375
sry larp faggot but you reek of nocoiner

>>12479899
90% of those people are in the red because they bought from 10k-20k

I can't prove that but I doubt I'm wrong by much

>>12480088
I take it you've never studied population statistics, or experimental design in college have you?

I’ve already made this thread dozens of times, they can’t stop coping. There’s good reason to believe that the numbers are actually higher than polling would indicate (people perceiving crypto as a get rich quick scam and not wanting to admit they fell for it).

You are final adopters, time to face the facts.

>>12481097
>There’s good reason to believe that the numbers are actually higher than polling would indicate (people perceiving crypto as a get rich quick scam and not wanting to admit they fell for it).
Amazing analysis, well thought out, explained thoroughly

Someone with an inch of common sense: >>12480729

>>12479899
>>12479927
>>12479947
>>12479997
>>12480007
The sample size only affects the margin of error.
The sample size is probably fine - what matters is whether or not the samples were a representative sampling of the set of people who could POSSIBLY ever hold crypto - so did they sample 14,000 two year old children or 90 year olds, for example. If so, of course the numbers will be low, as they should be.
I have a sneaking suspicion that if they repeated the experiment sampling a representative set of people crypto may one day help, such as working age adults and teens, the percentages would be much higher (because crypto's ultimate market is that demographic, and that demographic mostly already tried and got over crypto).

>>12481212
14,000 people is too little to say you got an even distribution of people across each of those countries. They would need to hit all the ranges of people (young, mid, old, city ppl, sub urb ppl, rural ppl, ect ect).

I just cannot force myself to believe they did a good job of this, especially with only 14k people. How can you interview 1000 people in a country, and come to a conclusion that 10-20% of it "own crypto"? I've taken a lot of stats in my life, and am familiar with R.

Until I see the contents of that study, I'm going to just forget about this and assume its a ploy to make the company who made that study more visible. And to trigger FOMO and discussions like this (we fell for it)

>>12481272
You don't *want* an even distribution - The chart is made by copers who were trying to show how much further crypto can go.

If that's your goal, you *want* and uneven distribution - You want a distribution representative of who crypto could one day reasonably be held by. Working age adults and teens with allowances etc.

Show how many of *them* are holding vs not holding, and you'll have the picture you're looking for, of how much further crypto can go.

Sure, maybe in the distant future even old people and two year olds could be insured automatically by crypto at the moment they're born or retire, but we're talking *realistically* in the near future, here.

>>12481272
>>12481303
And my point is that they probably sampled an *even* distribution so they could purposely show that crypto had low adoption, and mislead people with this chart.

>>12480338
>comparing marketcaps of currencies with companies