{"id":139,"date":"2021-04-07T21:50:09","date_gmt":"2021-04-07T21:50:09","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=139"},"modified":"2021-06-08T07:49:57","modified_gmt":"2021-06-08T07:49:57","slug":"survey-50-of-inexperienced-investors-only-hold-bitcoin-less-than-a-year","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=139","title":{"rendered":"Survey: 50% of Inexperienced Investors Only Hold Bitcoin Less Than a Year"},"content":{"rendered":"\n

“.. On the other hand, 59.0% of experienced investors<\/strong> say they intend to hold crypto for more than 2 years.”<\/em><\/p>\n\n\n\n

With recent months bringing a surge in interest in bitcoin (BTC) among individual investors, a rising share of newcomers represent so-called ‘weak hands’ that might sell their crypto during the first serious price correction, according to a report by market research platform Cardify.<\/p>\n\n\n\n

The share of deposits from new users almost tripled between last November and February 2021, and a major share of inexperienced investors want to hold crypto for less than 12 months, said the report.<\/p>\n\n\n\n

\u201cWith recent news from companies like Tesla investing in bitcoin or PayPal and Square accepting cryptocurrency through their apps, new users are coming into crypto: new investors now account for 41.5% of all deposits, up from 14.8% in November 2020,\u201d the February report indicated.<\/p>\n\n\n\n

32.2% of inexperienced investors view cryptocurrencies as a way to expand their assets in the short-term.<\/p>\n\n\n\n

Meanwhile, only 19.9% of experienced investors say the same.<\/p>\n\n\n\n

\u201cOn the flip side,” the report added, “59.0% of experienced investors say they intend to hold crypto for more than 2 years, compared to only 30.7% of inexperienced investors.\u201d<\/p>\n\n\n\n

That said, deposits to crypto accounts are “soaring,” according to Cardify. “January 2021 is 23x higher than deposit volumes in January 2019 and average deposit per month grew from [USD] 432 in January 2019 to [USD] 1,212 in January 2021,\u201d they said.<\/p>\n\n\n\n

New users are floating to the cryptosphere, changing the composition of deposits and providing a solid injection of funds, but also bringing their lack of experience that could further weigh on the market.<\/p>\n\n\n\n

Meanwhile, only 19.9% of experienced investors say the same.<\/p>\n\n\n\n

\u201cOn the flip side,” the report added, “59.0% of experienced investors say they intend to hold crypto for more than 2 years, compared to only 30.7% of inexperienced investors.\u201d<\/p>\n\n\n\n

That said, deposits to crypto accounts are “soaring,” according to Cardify. “January 2021 is 23x higher than deposit volumes in January 2019 and average deposit per month grew from [USD] 432 in January 2019 to [USD] 1,212 in January 2021,\u201d they said.<\/p>\n\n\n\n

New users are floating to the cryptosphere, changing the composition of deposits and providing a solid injection of funds, but also bringing their lack of experience that could further weigh on the market.<\/p>\n","protected":false},"excerpt":{"rendered":"

“.. On the other hand, 59.0% of experienced investors say they intend to hold crypto for more than 2 years.” With recent months bringing a surge in interest in bitcoin (BTC) among individual investors, a rising share of newcomers represent so-called ‘weak hands’ that might sell their crypto during the first serious price correction, according […]<\/p>\n","protected":false},"author":1,"featured_media":140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=139"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/139\/revisions"}],"predecessor-version":[{"id":141,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/139\/revisions\/141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/140"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}