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More than 30% of bitcoin investors also invested in ethereum



Bitcoin Ethereum

According to a survey report, more than 30% of bitcoin investors also invested in ethereum

39.54% respondents believe that Bitcoin should be classified as security

According to a recent survey conducted by LendEDU, student loan and refinancing organization in US, some surprising results came through.

In September, LendEDU asked 1,000 Americans a series of questions about Bitcoin as both an investment opportunity and as a currency. In October, they asked 1,000 Americans a series of questions related to Ethereum, Ripple, and Initial Coin Offerings. Over the last couple months, data has shown that many Americans are excited about the cryptocurrency.

In November, LendEDU commissioned a new poll of 564 Americans who have invested in Bitcoin and survey results were pretty surprising

1. Have you invested in other cryptocurrencies besides Bitcoin? 

a. 30.15% of respondents answered “Yes, Ethereum”

b. 15.60% of respondents answered “Yes, Ripple”

c. 21.28% of respondents answered “Yes, another crypto currency besides Ethereum and Ripple”

d. 48.40% of respondents answered “No, as in I have not invested in other crypto currencies.”

2. If possible, would you rather own Bitcoin through an exchange traded fund (ETF) that accurately tracked the actual price of Bitcoin?

a. 49.49% of respondents answered “Yes”

b. 16.31% of respondents answered “No”

c. 34.20% of respondents answered “Unsure”

3. Do you believe that increased regulation and oversight by U.S. government agencies would be a good or a bad thing for the price of Bitcoin?

a. 31.21% of respondents answered “A good thing for the long term”

b. 38.48% of respondents answered “A bad thing for the long term.”

c. 23.40% of respondents answered “Unsure”

d. 6.91% of respondents answered “Neither good or bad”

4. Do you have multiple Bitcoin wallets?

a. 46.63% of respondents answered “Yes”

b. 53.37% of respondents answered “No”

5. Do you believe Bitcoin should be classified as a commodity or a security?

a. 31.56% of respondents answered “Commodity”

b. 39.54% of respondents answered “Security”

c. 28.90% of respondents answered “Unsure”

6. Which of the following best describes the reason you invested in Bitcoin?

a. 21.81% of respondents answered “Bitcoin is a long term store of value, like gold or silver.”

b. 40.78% of respondents answered “I believe Bitcoin is a world changing technology.”

c. 14.01% of respondents answered “I believe that the price of Bitcoin is too low, and will only go higher.”

d. 15.25% of respondents answered “A friend, family member, or another trustworthy source convinced me to invest.”

e. 8.16% of respondents answered “I plan on using Bitcoin for transactions or purchases, and less of an investment.

7. How long do you plan to hold your Bitcoin investment?

a. 16.49% of respondents answered “Less than 1 year”

b. 39.54% of respondents answered “1 to 3 years”

c. 22.34% of respondents answered “4 to 6 years”

d. 9.93% of respondents answered “7 to 10 years”

e. 11.70% of respondents answered “Over 10 years”

8. The price of Bitcoin is currently near all-time highs. Have you sold some or all of your Bitcoin investment since investing?

a. 32.62% of respondents answered “Yes”

b. 67.38% of respondents answered “No”​

At what price per Bitcoin would you be willing to sell all of your Bitcoin investment?

On average, respondents reported that they would be willing to sell all of their Bitcoin investment at $196,165.79 per Bitcoin.


Take a Crypto Pill




Crypto Pills

Crypto market is crashing, we all know that, panic sellers are taking over the market with massive sell-off. You can’t control that, just calm down and take a Crypto Pill to make things easy.

Crypto Pill is the term being used by industry leaders to make things calm down from recent fiasco, yesterday a leaked news from CFTC about Bitfinex and Tether made things even more difficult for crypto traders, short sellers went all into the market with massive short bets, and they won, Bitcoin price slipped below $10000 level to as low as $9500, but later on recovered to $10K , but selling pressure is still there.

First South Korea and now US

First it was South Korea, the country with massive trading volumes in crypto market, they announced to ban anonymous crypto trading and ban took place effective from 30th Jan 2018, then a sudden news came from US market when Bloomberg broke the news that US financial regulatory authority CFTC investigating Tether and Bitfinex, but later on it was confirmed that news was from December last year, which made market calm down a little bit after all that tension and hype about US crackdown on crypto currencies.

HODLers will take over market soon

Despite of all this fiasco, Hodlers are still holding their Crypto currencies, they are not giving up and they holding for their dear life, it is very much possible that they take over this market in near future, making another uptrend in coming months.




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Venezuela is the cheapest country to mine Bitcoin




Bitcoin venezuela

Cost of mining one Bitcoin in Venezuela is just $531 

Most expensive country to mine Bitcoin is South Korea, where cost of mining one bitcoin is $26,170

After recent crackdown by Chinese Government on Bitcoin miners, most talked about topic in bitcoin community is that which country would Chinese Bitcoin miners chose to shift, as many research firms were working to find the best possible option for the miners, one of the best option is Venezuela, where cost of mining one bitcoin is the cheapest, just $531, as compared to China where cost of mining one bitcoin $3172.

Others with lower costs are Bangladesh, Belarus, Paraguay, Serbia and Trinidad & Tobago. The most expensive is South Korea at $26,170 per coin. The U.S. cost is $4,675.
Calculations for the amount of energy consumed were based on the average usage of three popular types of mining equipment: the AntMiner S7, the AntMiner S9 and the Avalon.

Bitcoin mining consumes a lot of energy and according to one estimate, Bitcoin mining currently consuming energy which is more than 159 countries, including countries like Ireland

Bitcoin mining leading surge in global electricity consumption



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Crypto trading volumes are dropping




crypto trading

Volumes in crypto market are dropping, indicating an alarming situation. Crypto market started this year on a good note but later on crashed to low levels, apart from Ethereum, all other major crypto currencies are down for 2018, but one of the most alarming situations in this matter is that trading volumes on different exchanges are dropping to lowest levels in recent months.

For example, on Bitfinex current trading volume of Bitcoin is at around 25000 which at one point of time was as high as 160000 , which means this volume is not even 20% of its peak volume. Similarly in the case of Ripple, current trading volume is 8 Million which at one point of time was 50 million, so there is an alarming situation in that regards because not only price is dropping but crypto trading volume is also dropping dramatically.

Lack of interest?

One of the key questions that analysts are asking these days is that, is it lack of interest from investors that volumes are so low? may be they have found new investment opportunity in the form of S&P 500 and Gold. Most of the analyst think that this low activity is due to the reason that market speculators are currently out of the market and in wait and watch situation to make an entry point.

Calm before the storm?

Such low volumes and price movement in a tight range suggest that this is the calm before the storm, many regulatory authorities around the world are trying to stop crypto trading by either putting complete ban or by introducing tight laws, so speculators and institutional investors are just waiting for a clear picture so that they can make their bet on it, but one thing is for sure that sooner or later market is due for heavy movement in either direction, so day traders need to watch out.

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