Quote from: Thanasis on December 30, 2017, 06:16:13 AM

Quote from: bmurph on December 30, 2017, 12:04:10 AM

This is a real survey with 739 paid for responses. The survey targeted the US internet population.

The survey asks "Would you rather invest in cryptocurrencies such as bitcoin, or gold?"
I got 69.3% would rather invest in gold
14.8% would rather invest in crypto
and 15.9% choose gold because they don't know what crypto is

I don't know if this is against forum rules, but I posted it on my twitter @CryptoSurvey1

Appreciate your feedback I will be conducting more surveys soon.

EDIT: Gold vs Crypto

The above ground gold supply is 187,000 tonnes, which worth about 8.5 trillion. Of the 187,000 tonnes 40,000 tonnes, or $1.8 trillion of it is private investment. Crypto market cap right now is 600 billion. 14.8% of survey respondents would rather invest in crypto, vs 69.3% would choose gold. That means 21.4% choose crypto over gold, since the participants who don't know what crypto is, need not be counted since in the future they will learn about crypto. Of course they know about gold, it has been around forever.

If we try to compare investment gold value, to the crypto M cap we get 1.8 trillion * 21.4% which would justify a crypto M cap of 385 billion. Keep in mind that crypto is much larger in East Asia, and compared to gold it's brand spanking new. Also official sector gold is not counted in the investment gold even though it is an investment, held by the governments and central banks. This is 31,500 tonnes, or 16.8% of above ground gold. If official sector gold were counted as investment gold we would have 3.2 trillion * 21.4% which would justify are crytpo M cap of 685 billion.

I agree with your survey,I am also think more people will invest on gold than cryptos because price of crypto is too volatile but in gold it is very stable.But I look gold is the biggest scam of the world than anything when we buy gold in the form of ornaments we need to pay extra amount than in the form of wastages and taxes,it is around we pay 20% than what we are buying.At the same time if we want to sell gold we can't sell them for market rate there will be a price reduction.So gold investment is totally useless.
People need to understand the crypto investment is best because we can buy and sell them for market rate and no taxes moreover the growth percentage of crypto is far better than gold.

gold is not useless. You pay a small percentage of the price in fees when you buy and sell, sound familiar, kind of like you do with Bitcoin. Gold is a good sturdy investment, how the hell did all this compare crypto to gold thing come about. It's like comparing Microsoft stock to proctor gamble stock, they are two different beasts with different reasons you would invest in. This whole thing is moot. I have crypto, gold, silver, real estate and stocks, each has its own place, reason and season