Too many scams/thefts and complicated blockchain processes for the average investor, enthusiasts, and entrepreneurs. Gamers got hit hard as well. Too much time and money lost unfortunately.
You should try Sunflowerland, a crypto game that is still thriving after 3 years even with all this madness in crypto world, thanks to a devoted team and a friendly community
People left crypto due to boredom - four years ago people bought into stories of crypto projects changing the world, many such stories were on this channel in 2020 & 2021. But that descended into crypto holders trading tokens between each other in a digital version of a circle jerk where the only profiteers were the tissue manufacturers, aka exchanges.
Even worse are the memecoin true believers who think that letting everyone know that all the tokens are vaporware and therefore we trade memecoins is somehow a selling point to attract new retail.
For those who got burnt already here is your chance to get it back , the engines are churning and it will be blast off sooner or later and is already under way
Buying Holding & Selling Crypto is exhausting over a long period of time say 1-3years and much longer for others. I sold ETH at the top @4k in March for a good profit and bought back a little lower the same month only to be in the same boat now with it crashing to 2k now trading around US$2600. Tying your money up for many years tests your patience and mental strength to the max in other words does your fu$king head in. After this bull run I will sell again and have a long earned rest but I will have some sort of exposure in the future sometime.
9:00 some of my friends just came and bet 1-2k usd on some alt. Gained 2-3x and just left and never came back. I guess they just treated it like a lottery ticket
Two takeaways from this study: 1) the study, in spite of two years to figure out how to "get it right" seriously flubbed the opportunity; and 2) the normies are not only ignorant, they are supremely stooopid.
Yep i was a normie bought at 20k and fear dropped out just before the 40k rise to todays highs. Learned my lesson watched almost every person speaking on crypto watched the fed rates and economy and the crypto market and follow the election news. I keep an eye out for big announcements by whales and all. Its a labor if you want to invest at the best times guessable and its kinda a game of luck sometimes but long term it looks good so far especially if trump gets in and keeps some of his talking points true.
The reason they left crypto is because they can't afford to invest as they don't have any extra cash at all. Profit or no profit, you have to have the money to pay the game. The economic crisis is worldwide! Not just horrible Biden-omics
If you are making money they would of loved looking at their phone lol . Don't pretend that you don't look around and don't see people looking at their phones for various reason , making money hand over fist being arguably more exciting then other reason . You sound like you lost money lol
Kind? It quite literally is. It's not a physical asset, it isn't tied to anything. It's nothing. So where do you think the money anyone makes comes from? It isn't magic. It's the money other people lost. That's how pump and dump works, and why pump and dump is illegal in regular markets.
I think so too. However, it's really hard to entice people to put money in when they see their portfolio go down 80%. And we say this is normal, just hold on, but it shouldn't be.
I have friends who sold last year because they needed liquidity. Doesn’t matter the reason, it just means they invested money they couldn’t afford to lose.
there is nothing wierd about singapore having more people hedging against inflation than usa. hedging against inflations is something rich people do. americans are trying to make a quick buck while singaporeans investors are mostly millionaires.
Some left because of the brain gymnastics (Privatekey, KYC, Hardware wallet, FOMO,...) within. If you left for several years, like I did, you've to spend a certain amount of time to come back in. Knowing that in advance it was even harder to come back.
lost money, liquidity drains (heavy transaction/gas fees, alt projects without any real leadership/'paper tigers', regulatory concerns), no demonstrated real world applications...yet.... I bet many felt it just wasn't worth it other than an internet gambling scheme.
also Gemini has concerns over its Earn program management, and also locked deposits well after they clear FIAT accounts (although, this time period has improved, somewhat).
Forget Indian exchanges, guys! BTSE is the way to go. You can buy BTC instantly with your credit or debit card, and selling USDT is super easy too. Plus, no KYC hassles and tons of rewards. Definitely worth trying out.
Middle and low class respondents in the US and UK have been squeezed hard this year. Many got out of Crypto but saved more traditional finance accounts. This will change as economy’s are put in 5th gear across all the major economy’s. Also the shake out people have endured was once of the most ruthless of all time but here we are with real ETFs and options. We stand at the dawn of a new asset class. Right now.
Why care? I made money buying in the bear market. I don’t really need to see mind melting gains, perfectly fine if things go up more reasonably this time around. And women not being in the space might also be somewhat exaggerated. My wife, and many other’s, is indirectly invested in crypto due to me.
Buy the fear - Timer running ⏳ Best not to keep any more money in Banks than you can afford to lose’ Digital passports, inflation and world 🌎 crises are a reminder of the urgency of moving into Bitcoin Litecoin and crypto 🧜🏻♀️
Amazing breakdown and analysis as always! CB content is wonderful when I don't find the time to read thru all the reports to stay updated on the market, but will for sure read this one!
Many got into Crypto during the pandemic where they were given money to stay at home with nowhere to go out and spend it. Importantly it gave them time to be online as crypto is quite complicated & time consuming. Everything was going up so the hype was huge.... then many/most got burnt. Crypto is quite time consuming and much of it this cycle has been like a casino ( memecoins) which doesn't inspire confidence to those that got burnt or have the time to try and work out which memecoin will take off. Importantly you have to be hands on because they dump so hard & quickly and this cycle people have to go to work (no pandemic). The other thing I believe that has had impact is that Tech stocks have gone up so much that no need to go out the risk curve into crypto. Another possibility is that those who have been in prior cycles learnt that unless you are in the coin very early your risk/return ratios are so much worse. Weve learnt that when UA-camrs are pumping a coin they are dumping on you.
It's almost impossible to expect most people to DCA any amount of money over a few years while it's going down and down. It feels like taking your money and burning 10% of each week, you've got to have some serious issues, desperation and recklessness with an ALL or nothing risk style in pursuit of a better life to do that into crypto
Lots of people left crypto in Singapore to park profit money in money market funds which were as high as 4-5% at one point with minimal risk, give our crypto anxiety a break and cut down on some hair losses.
"Other" is simply a checkbox, participants of the survey can check if they don't want to answer the question for whatever reason. So it remains undefined
Totally manipulated market the retail buyers are sick of watching everything go down. Bitcoin still the only coin that has any real investment profit potential a decade later. 👎 👎
I recently left into stablecoins if you wanna call that leaving because I was already in a lot of profit and didn't wanna risk losing it all, given the many rumours of a horrible recession being right around the corner. I now know that was premature but I won't go back in anytime soon. We're entering fomo-mode already and should all know how suddenly that can turn into the next bear market. As always, it will happen fast and when everyone least expects it. This time, I'm not riding it back to the bottom -- unlike most people who are buying right now. And even just going from bitcoin to usdc went along with so much kyc and documenting origin of funds that I'm still thoroughly annoyed.
The "other" group of people who sold crypto were most likely due to the economy! We've been living on credit cards due to inflation while incomes didn't match the increase. After seeing our credit card bills increase and looking at our crypto portfolios not making money we had to make a hard decision which is "does it make sense to hold these bags while my credit card bill is causing undue stress at home?"
Why did People leave crypto despite some gains? The overall financial pressure has risen by quite some... Funds that may have been free to invest may have turned into a needed savings pot to dip into in order to survive.
They made a furtune and run away with liquidity, majorities are retired or put on BTC. Many of normies are in pain of losing money especially with high inflation moment and wage stagnant, if they are not have extra money, they wont put into gambling for something that actually no intrinsic value.
Before asking people questions about crypto, it's crucial to gauge their understanding of issues like inflation, deflation, and the flaws of fiat currency. If they don't grasp the basics of the economic monetary crisis and how it impacts them, their views on crypto might be based on misconceptions, skewing poll results. We need to know who is answering these questions before assigning merit to the polls-understanding their knowledge level is key to accurately interpreting the results.
Awesome video Thank you. In my opinion people who know the how much bitcoin and ether are different will not tell they will not grow in price in next years. I think they are not aware or they just did not care to answer.
I think that perhaps the average everyday person may have sold to enable them to live their lives more fully. It may have gone toward their dream house, bills, private schooling for children etc.
I am an American Lady who got stranded at the last bull market. I've been adding here and there and plan to take profits around the anniversary of the halving.
Sold because they were in straightened circumstances and needed to liquidate their crypto to alleviate other areas in their lives which were more financially pressed?
If I was asked the question "Do you think Bitcoin / Crypto will continue to rise over the next 5 years?" then the answer is no. If they ask "Do I think Bitcoin / Crypto will be higher than it is now in 5 Years time? " the answer is yes. The word continuously rise means, not stop rising, That's impossible in any market. It will drop also in that period. I think the question was asked very well.
Well, exactly. Gemini seriously flubbed this study, to an embarrassing degree. At this moment, it simply needs to be trash-canned and a new one conducted.
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So reading between the lines, women left crypto when prices went down. Meaning no money no honey applies to Bitcoin too.
Not enough people/country and countries in the survey to be effective. Pointless study.
Yes and investors very unlikely to give truthful responses
Too many scams/thefts and complicated blockchain processes for the average investor, enthusiasts, and entrepreneurs. Gamers got hit hard as well. Too much time and money lost unfortunately.
You should try Sunflowerland, a crypto game that is still thriving after 3 years even with all this madness in crypto world, thanks to a devoted team and a friendly community
Just buy BTC or if you can handle the craziness.
Yup that why im only holding xmr now
$BERRY
Keep most of your crypto in cold storage
Crypto is very stressful . Ups downs and all around
I never left crypto, but life happened and I had to cash out a bit of my portfolio for much needed cash. I'm in the 'other' group
People left crypto due to boredom - four years ago people bought into stories of crypto projects changing the world, many such stories were on this channel in 2020 & 2021. But that descended into crypto holders trading tokens between each other in a digital version of a circle jerk where the only profiteers were the tissue manufacturers, aka exchanges.
Even worse are the memecoin true believers who think that letting everyone know that all the tokens are vaporware and therefore we trade memecoins is somehow a selling point to attract new retail.
For those who got burnt already here is your chance to get it back , the engines are churning and it will be blast off sooner or later and is already under way
no they left caue they lost money too many times before
Buying Holding & Selling Crypto is exhausting over a long period of time say 1-3years and much longer for others.
I sold ETH at the top @4k in March for a good profit and bought back a little lower the same month only to be in the same boat now with it crashing to 2k now trading around US$2600.
Tying your money up for many years tests your patience and mental strength to the max in other words does your fu$king head in.
After this bull run I will sell again and have a long earned rest but I will have some sort of exposure in the future sometime.
Beautifully said 👏
9:00 some of my friends just came and bet 1-2k usd on some alt. Gained 2-3x and just left and never came back. I guess they just treated it like a lottery ticket
Expensive lottery.
Not uncommon.
Two takeaways from this study: 1) the study, in spite of two years to figure out how to "get it right" seriously flubbed the opportunity; and 2) the normies are not only ignorant, they are supremely stooopid.
Yep i was a normie bought at 20k and fear dropped out just before the 40k rise to todays highs. Learned my lesson watched almost every person speaking on crypto watched the fed rates and economy and the crypto market and follow the election news. I keep an eye out for big announcements by whales and all. Its a labor if you want to invest at the best times guessable and its kinda a game of luck sometimes but long term it looks good so far especially if trump gets in and keeps some of his talking points true.
Last cycle pumps happened on weekends, that might say a lot about who's buying
The reason they left crypto is because they did not enjoy looking at their phone all the time.
Yes, also that!
Weakness disgust me
The reason they left crypto is because they can't afford to invest as they don't have any extra cash at all. Profit or no profit, you have to have the money to pay the game. The economic crisis is worldwide! Not just horrible Biden-omics
If you are making money they would of loved looking at their phone lol . Don't pretend that you don't look around and don't see people looking at their phones for various reason , making money hand over fist being arguably more exciting then other reason . You sound like you lost money lol
or just think they gotten into right time mad their money and now dont believe there's more in crypto
Retail is still wasting their money on memecoins trying to get rich quick
I knew someone who sold all his crypto because he needed the cash.
considering the cost of living in many cities, people might have sold all their holdings (profit/loss) to pay the bills
The sampling size is ridiculous
Many people dont have the patience for markets and after the last crash lots of people
lost money so they think its a scam
It's kinda is.
Kind? It quite literally is. It's not a physical asset, it isn't tied to anything. It's nothing. So where do you think the money anyone makes comes from? It isn't magic. It's the money other people lost.
That's how pump and dump works, and why pump and dump is illegal in regular markets.
@@belekas2729 Everything is, but far worse than crypto, it's the banking system and the government.
I think so too. However, it's really hard to entice people to put money in when they see their portfolio go down 80%. And we say this is normal, just hold on, but it shouldn't be.
Well most of it is sort of like a get rich quick thing. Only certain coins like bitcoin are like genuine investments
They left because they lacked patient
They left because it stopped being cool. Celsius, FTX, Binance, and celebrity NFTs sank the image of web3.
Great video Guy. Shocking to see the female % drop by so much. Can't understand that // Where are the Tech Sis community?
With all of the money they have they should have done a much better job coming up with a better worded survey
🎉🎉🎉 🎉🎉🎉🎉
Maybe women, tending to be more risk adverse, will come back to the markets when the general sentiment improves.
I have friends who sold last year because they needed liquidity. Doesn’t matter the reason, it just means they invested money they couldn’t afford to lose.
So many bots... It's insane.
😐
You can't see BTC being at 60K in 5 years? Do I need to remind you that BTC was at 16k a year ago? 🤣
there is nothing wierd about singapore having more people hedging against inflation than usa. hedging against inflations is something rich people do. americans are trying to make a quick buck while singaporeans investors are mostly millionaires.
Reason for the crypto sell off while in profit, was because alot of crypto holders missed the last bull market top and didn't want to repeat.🤔
The crossroads of Austrian and Keynesian economics is glazed with tears, sweat, and blood.
My libertarian brain just says keep mining monero and swap into other assets you think are going to go up via a decentralized exchange.
Giga brain
This will be the biggest bull run ever
When is gonna happen bulrun
@@BrianMelo-ne7su
From your mouth to gods ears
@@rman4506LOL!
😂😂@@GregSwamprhinoremover
,,I agree
Some left because of the brain gymnastics (Privatekey, KYC, Hardware wallet, FOMO,...) within. If you left for several years, like I did, you've to spend a certain amount of time to come back in. Knowing that in advance it was even harder to come back.
They left crypto possibly bc they needed the fiat cash & also bc YOU STILL CANT USE THE COINS AS ACTUAL MONEY YET
lost money, liquidity drains (heavy transaction/gas fees, alt projects without any real leadership/'paper tigers', regulatory concerns), no demonstrated real world applications...yet.... I bet many felt it just wasn't worth it other than an internet gambling scheme.
also Gemini has concerns over its Earn program management, and also locked deposits well after they clear FIAT accounts (although, this time period has improved, somewhat).
Exactly my thoughts little too no use plus it's all heavily manipulated
Forget Indian exchanges, guys! BTSE is the way to go. You can buy BTC instantly with your credit or debit card, and selling USDT is super easy too. Plus, no KYC hassles and tons of rewards. Definitely worth trying out.
Women always chasing past performance.
Middle and low class respondents in the US and UK have been squeezed hard this year. Many got out of Crypto but saved more traditional finance accounts.
This will change as economy’s are put in 5th gear across all the major economy’s. Also the shake out people have endured was once of the most ruthless of all time but here we are with real ETFs and options.
We stand at the dawn of a new asset class. Right now.
Why care? I made money buying in the bear market. I don’t really need to see mind melting gains, perfectly fine if things go up more reasonably this time around. And women not being in the space might also be somewhat exaggerated. My wife, and many other’s, is indirectly invested in crypto due to me.
Buy the fear - Timer running ⏳ Best not to keep any more money in Banks than you can afford to lose’
Digital passports, inflation and world 🌎 crises are a reminder of the urgency of moving into Bitcoin Litecoin and crypto 🧜🏻♀️
😂😂😂 I been holding since Bitcoin first reach 63000 then fell and been buying every since then 🤑🤑🤑🤑🤑🤑
Amazing breakdown and analysis as always! CB content is wonderful when I don't find the time to read thru all the reports to stay updated on the market, but will for sure read this one!
The fact that Peter Schiff is still using the phrase, "Have fun staying poor" in 2024, shows that he's an out-of-touch, antiquated _Boomer._
...we need women for our bags to pump...
had to sell to pay my taxes, fkn bs
Bro I’m dying 🤣 I love the “It’s Daniel Mac” reference 😂
Easy, people making money left Crypto because of laws, taxes and regulation.
The survey is the absolute trash
Girl in crypto here. Never sold. :)
Cellframe
Peter? I thought his name was sam
It was losing money
“Eth fees will never hurt you again” - I’d like to believe you this time, Vitalik.
Love that CB can always keep it real. Facts > feelings
Many got into Crypto during the pandemic where they were given money to stay at home with nowhere to go out and spend it. Importantly it gave them time to be online as crypto is quite complicated & time consuming. Everything was going up so the hype was huge.... then many/most got burnt. Crypto is quite time consuming and much of it this cycle has been like a casino ( memecoins) which doesn't inspire confidence to those that got burnt or have the time to try and work out which memecoin will take off. Importantly you have to be hands on because they dump so hard & quickly and this cycle people have to go to work (no pandemic). The other thing I believe that has had impact is that Tech stocks have gone up so much that no need to go out the risk curve into crypto. Another possibility is that those who have been in prior cycles learnt that unless you are in the coin very early your risk/return ratios are so much worse. Weve learnt that when UA-camrs are pumping a coin they are dumping on you.
It's almost impossible to expect most people to DCA any amount of money over a few years while it's going down and down. It feels like taking your money and burning 10% of each week, you've got to have some serious issues, desperation and recklessness with an ALL or nothing risk style in pursuit of a better life to do that into crypto
Lots of people left crypto in Singapore to park profit money in money market funds which were as high as 4-5% at one point with minimal risk, give our crypto anxiety a break and cut down on some hair losses.
"Other" is simply a checkbox, participants of the survey can check if they don't want to answer the question for whatever reason. So it remains undefined
Totally manipulated market the retail buyers are sick of watching everything go down. Bitcoin still the only coin that has any real investment profit potential a decade later. 👎 👎
I recently left into stablecoins if you wanna call that leaving because I was already in a lot of profit and didn't wanna risk losing it all, given the many rumours of a horrible recession being right around the corner. I now know that was premature but I won't go back in anytime soon. We're entering fomo-mode already and should all know how suddenly that can turn into the next bear market. As always, it will happen fast and when everyone least expects it. This time, I'm not riding it back to the bottom -- unlike most people who are buying right now. And even just going from bitcoin to usdc went along with so much kyc and documenting origin of funds that I'm still thoroughly annoyed.
I work in Northern Canada, when crypto was hot everyone was buying. No one is right now. maybe 5 out of 100.
The "other" group of people who sold crypto were most likely due to the economy!
We've been living on credit cards due to inflation while incomes didn't match the increase. After seeing our credit card bills increase and looking at our crypto portfolios not making money we had to make a hard decision which is "does it make sense to hold these bags while my credit card bill is causing undue stress at home?"
Why did People leave crypto despite some gains? The overall financial pressure has risen by quite some... Funds that may have been free to invest may have turned into a needed savings pot to dip into in order to survive.
They made a furtune and run away with liquidity, majorities are retired or put on BTC. Many of normies are in pain of losing money especially with high inflation moment and wage stagnant, if they are not have extra money, they wont put into gambling for something that actually no intrinsic value.
Before asking people questions about crypto, it's crucial to gauge their understanding of issues like inflation, deflation, and the flaws of fiat currency. If they don't grasp the basics of the economic monetary crisis and how it impacts them, their views on crypto might be based on misconceptions, skewing poll results. We need to know who is answering these questions before assigning merit to the polls-understanding their knowledge level is key to accurately interpreting the results.
No, I was first..!!
HODL
A lot of unfortunate souls will hodl all the way to zero unfortunately
thanks MR G
They left crypto and still making money could be because they had enough of risk and stress factor. I don't know just a guess.
They left crypto because they were fiat maxis. They took profits and exited for real-world goods.
Awesome video Thank you. In my opinion people who know the how much bitcoin and ether are different will not tell they will not grow in price in next years. I think they are not aware or they just did not care to answer.
My guess is people who didn't want to risk staking were toured of having capital locked up - plus the hassle of it all
I think that perhaps the average everyday person may have sold to enable them to live their lives more fully. It may have gone toward their dream house, bills, private schooling for children etc.
If you are not in trenches or in secret channels, you are hardly make money, but most likely be an exit liquidity or farming field for all cabals.
I am an American Lady who got stranded at the last bull market. I've been adding here and there and plan to take profits around the anniversary of the halving.
Somewhat likely turns to hell yes when the green candles are appearing and everyone is talking about crypto to the moon
Sold because they were in straightened circumstances and needed to liquidate their crypto to alleviate other areas in their lives which were more financially pressed?
Last thing in the world we want is women getting into crypto. There will be plenty of women at the top of the next bull market, trust me.
ETH is struggling HARD! Lack of clear roadmap, internal selling… ALL point to huge huge headwinds for ETH!
"Guys women make up half the planet we need women for out bags to pump"
lol crypto quote of the year.
Boring times in the market are the best times to hold and buy more on every dip.
Perhaps they had to sell in order to support their running business in places where crypto is a myth and fiat currency is the king 👑
The why did they sell question.... a buddy used it to online gamble (but he doesn't hoddle)
Are there any current owners who don't yet know that they are past owners and therefore are also potential interested in reowning? 😅
People also sold to take profits, live after perhaps job loss or family obligations.
This crypto woman isn’t going anywhere. 😊
Gemini has very low credibility, a waste of time..bye.
Now THIS is the data I'm looking for thanks 🙏
😂 look at all these sad comments on Crypto. I bet 100% the narritive will change once all these crypto projects start to moon lol🎉
It's true...we need women for our bags to pump. Ahem!
Data may be their own user base…not general public.
If you’re watching this video you are retail lol
Like the humor put in as always.. :) Thx
Cmon ladies! The crypto water is warm! 😊
Other = The Grid Will Be Compromised Soon
OGPU is the beast…. And dont forget to shave dude
Please give us a list of your portfolio, last bull you gave us some goo germs
"We need the women to make our bags pump" LOL 😆
Gemini - as phony baloney as the brothers that own it.
Bottom, 30 days, sale, wraps up the market
Crypto being male dominated seems inevitable
If I was asked the question "Do you think Bitcoin / Crypto will continue to rise over the next 5 years?" then the answer is no.
If they ask "Do I think Bitcoin / Crypto will be higher than it is now in 5 Years time? " the answer is yes.
The word continuously rise means, not stop rising, That's impossible in any market. It will drop also in that period. I think the question was asked very well.
Well, exactly. Gemini seriously flubbed this study, to an embarrassing degree. At this moment, it simply needs to be trash-canned and a new one conducted.
This report was not worth covering 👎🏾