In keeping with a current survey of Huobi merchants, 45% of respondents have time horizons longer than one 12 months, with 12.5% saying that they’re prepared to attend over 4 years for a return on their funding. This appears to contradict the extensively accepted view that almost all crypto traders are simply there to make a fast buck.
When requested which asset they’ve held the longest, it’s no shock that 69% stated it was Bitcoin (BTC). Regardless of the overwhelming majority of respondents belonging to the 26-50 age vary, a lot of the respondents have lower than three years of funding expertise.
Additionally, greater than half of the surveyed people have an annual earnings of $10,000 or under. Although this may increasingly appear low, we should always observe the survey happened within the “rising markets” in keeping with Huobi, the place this stage of earnings might not essentially be thought of low. One other necessary consideration is that solely 491 people responded to the survey, thus it’s unclear how consultant this sampling is.
It seems there’s a shift happening in the best way cryptocurrency is being perceived by each retail {and professional} traders — from a get wealthy fast scheme to a extra long-term sport.