If you’ve been browsing the web in the last 12 months, chances are you’ve probably seen articles or mentions of cryptocurrencies like Bitcoin or Ethereum on websites or your social feed.
The popularity of cryptocurrencies is well reflected in the media and social networks and of course, the spike in the total market cap of all cryptocurrencies which is rapidly approaching the $400 billion mark this year.
Experts have deemed cryptocurrencies as the next big thing in terms of investment opportunities and that statement is well echoed by the droves of new investors and new money entering the market, a situation that shows no signs of slowing down anytime soon as the process of buying cryptocurrencies becomes more and more easier by the day.
This rapid rise in popularity is easy to explain; first off, cryptocurrencies have a potentially massive ROI compared to investment opportunities like shares or other financial assets. For instance, a single Bitcoin cost less than a dollar a decade back which meant that you would’ve gained at least a 10,000% return on your investment if you invested in Bitcoin back then.
The trend is not only seen in Bitcoin as other coins like Ethereum and Litecoin have also seen tremendous growth value-wise. This leads to a natural spike in interest from investors due to the potential of a coin rising in value exponentially over a relatively short period of time (a notable example would be Ethereum, which rose from single-digit valuations to hitting the $1,000 mark in less than 18 months).
Another important factor is the ease of buying and holding coins. Cryptocurrencies may be difficult for non-technical people or beginners at the start but once you get the hang of it, it’s significantly easier to invest in digital coins compared to the stock market or other investments.
All you have to do is register on an exchange, load some fiat in it and buy your coins—it’s that simple! You can even do it peer-to-peer by using services like LocalBitcoins to completely skip exchanges and buy coins directly from other individuals.
The ever-increasing number of cryptocurrency investors has seen it develop audiences and niches of its own within the community, with various strategies and skills discussed among investors in terms of trading cryptocurrencies and making informed decisions.
Knowing these audiences in detail is extremely important for companies and developers to help serve the community better—which is why we need your help.
To help us understand you better, we seek for your help in completing a short survey on cryptocurrency investing in general. This survey will take less than 3 minutes of your time and we’ll require nothing else but your honesty in completing the survey.
If you are a cryptocurrency investor and you’re interested in sharing your thoughts and opinions, click here to take part in the survey—we highly appreciate your input in completing the survey.
Thank you for your time!