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Showing results for tags 'survey'.

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  1. Key Takeaways Women scored higher than men when quizzed on stock market basics. 83% of respondents incorrectly defined short selling. The average respondent score on our stock market quiz was 49%, a failing grade. Swathes of new investors have entered the stock market since the pandemic, with first-timers now making up 15% of all retail investors. This is due in part to new apps like Robinhood and Acorn enabling investors to begin with as little as one dollar, while the GameStop phenomenon inspired a frenzy of people to join the investing game. But how much do these newbies know? How much do all investors really know? We spoke to more than 1,000 people who have invested at least once to find out. Investors were asked to rate their own knowledge, which was then put to the test. After asking people basic questions related to the stock market, we were able to see how all types of investors performed. Average scores were broken down by everything from gender and generation to whether participants invested in crypto. We also found out the answers that investors most frequently got wrong. Keep reading to discover our results. Top Portfolio Choices Our study first asked respondents to share what they've invested in. We looked at the top stocks and digital currencies and compared answers by generation. We also asked them to rate their own stock market knowledge before taking the quiz. GameStop was the most popular stock for our respondents in the last six months. A third of investors had put their money on this company, which is actually seeing another financial rally at the time of writing. The second most popular choice was another "meme stock," BlackBerry, which is also up this past month. Even generationally, GameStop and BlackBerry were among the three most popular investments for baby boomers, Gen Xers, and millennials alike. Where cryptocurrencies were concerned, Bitcoin was the most popular by far. Seventy percent of digital investors had invested in Bitcoin, compared to only 39% who invested in Litecoin, the next most popular coin. Only a small 3% invested in coins other than the top 11 options listed. Before taking the exam, most respondents rated their stock market knowledge as average (38.9%) or even above average (31.5%). Only 8.3% were able to admit that their knowledge was below average. As we'll see in the coming research, these responses were falsely optimistic. Investment Knowledge Scores Moving onto the quiz, the next section of our study looks at average scores across all respondents, then breaks those scores down by gender, generation, and crypto ownership. We even compared scores with how each person assessed their knowledge beforehand. Men and women were pretty much neck and neck, although women won the day with an average score of 51.4% in comparison to an average of 50.4% for men. Scores were also not so different among people who said they took the stock market very seriously versus those who were not at all serious about it. In fact, those who took it very seriously actually fared slightly worse than other respondents. What made the real difference was whether or not a person owned cryptocurrencies. Those who did not performed much better with a score of 63.5% than those who did (44.8%). This could be because cryptocurrencies tend to appeal to younger, and therefore less experienced, investors or because crypto investors are opting out of the traditional stock market altogether and have no interest in gaining stock market knowledge. A person's opinion on whether or not the stock market was akin to gambling also seemed to affect how well they performed. Those who saw the process as gambling got only 44% of questions right, compared to 73% for those who saw the stock market as true investing –the highest score of any demographic breakdown. Perhaps it's a healthy love and respect for the stock market that improves knowledge most of all. Common Investment Knowledge Gaps Our study concludes with a look at the specific questions from the investment quiz that most people got wrong. The most common incorrect answers were also analyzed in terms of how much respondents had claimed to know about the stock market prior to taking the quiz. In spite of the short sell behind the GameStop frenzy, 83% of people could not properly identify the definition in a multiple choice question. Short selling refers to borrowing a share of a stock and then selling it. If the price does as anticipated, traders can rebuy the stock at a lower price and hold onto the difference. GameStop was one of the most heavily shorted stocks on Wall Street. And speaking of GameStop, most people couldn't identify the correct term for the abbreviation GME. GME is an example of a "ticker symbol," something that 73% of respondents did not know. More than half of investors couldn't properly explain what the "ask" and the "bid" were, either. For clarification, the "bid" price is the maximum amount that a buyer is willing to pay for a stock. The "ask," on the other hand, is the minimum price that a seller would take for that same stock. Another common knowledge gap was how to correctly define hedge funds, mutual funds, and exchange funds. Investing in Knowledge Ultimately, investment knowledge wasn't reserved for the elites or enthusiasts. Even those who claimed excellent understanding missed basic questions, while the vast majority of all investors failed to pass the test at all. That said, not everybody claimed to take the process seriously and may very well still be enjoying the fruits of their investment decisions. If you are looking to experience the fun of investing (or gambling, as many think of it), try using GamblersPick. Gamblerspick.com has all of the latest information on things like cryptocurrencies and recent jackpots. To get in on the action and expand your knowledge, head to Gamblerspick.com today. Methodology and Limitations This study uses survey data from 1,006 people who have some amount of money in the stock market. Responses were gathered using Amazon Mechanical Turk, where users were presented with a quiz-style survey followed by a variety of other survey questions, including an attention-check question. Of the respondents, 371 identified as women, 634 identified as men, and one individual identified as nonbinary. The survey included 99 baby boomers, 256 Gen Xers, 595 millennials, 34 Gen Zers, and 22 respondents from other generations. All data reported in the above survey rely on self-report, which can be subject to issues such as exaggeration, telescoping, and recency bias. Fair Use Statement If you feel like teaching the world a little something about investing, you're welcome to share the data in this article. Just be sure your purposes are noncommercial and that you link back to this page.
  2. Exploring How Investors Are Managing Cryptocurrencies in Today's World [Survey] To save or to spend crypto? That is very much the question for many investors today. As they invest more, they are often forgoing other purchases – some of them essential. Many have even started to accumulate debt in order to buy more crypto or avoid selling it. In order to get to the bottom of what the cryptocurrency craze is really costing Americans, we spoke to 1,000 people on the topic. Crypto investors shared the amount they had, how they were financing the holding, and what they had given up in order to maintain the investment. Responses showed interesting differences across genders and generations. To see how different demographics and Americans as a whole are maintaining their crypto portfolios, keep reading. Trade-Offs for Holding On to Cryptocurrency The total cost of cryptocurrency is more than just a dollar amount. It also includes the cost of the things you can't afford to buy if you choose to keep your money invested. The first part of this study looks at how much cryptocurrency respondents are holding, on average, as well as the top things they're choosing to forgo paying for in order to hold on to that investment. Diamond hands are as expensive as they sound. On average, Americans reported currently holding $1,707 of cryptocurrency each but often admitted that they wouldn't touch that money even if a necessary bill or critical payment came up. More than 1 in 10 stopped saving for an emergency to buy crypto, while the same amount said they had skipped out on a purchase that would have genuinely improved their life. Millennials were the most likely to skip saving for their retirement or miss credit card payments to hold onto their existing crypto stashes. That said, the majority of credit card debt is currently held by Generation X, so perhaps millennials have slightly more wiggle room here. Baby boomers, though unlikely to take on debt for cryptocurrency, also had the highest average value already saved up. Affording More Cryptocurrency So how exactly did Americans come to own their roughly $1,700 worth of cryptocurrency? The next part of our study asked respondents how they purchased their crypto, how much they had to borrow, and what they plan on doing in the future to perhaps buy more. Cryptocurrency may well be one of the reasons that many Americans have credit card debt in the first place: 1 in 4 respondents said they purchased cryptocurrency with credit instead of cash. And, in spite of holding only $1,707 worth of crypto, respondents had borrowed nearly $500 more than that to afford it, whether from the bank or from friends and family. Twenty-one percent of respondents planned on accumulating consumer debt in the future to afford more cryptocurrency. The investment gender gap also appears to continue over from traditional investments into cryptocurrency. Men were planning to invest an average of $1,988 into cryptocurrency this upcoming year – $878 more than women. Men were also more likely to borrow in order to add more crypto to their personal rosters. However, while men were more likely to borrow in general, generational breakdowns show that Gen Xer and Baby boomer women had borrowed more on average than men of the same age. Reasons for Holding Respondents had clearly made some drastic financial decisions in order to stay involved with digital currencies. This part of our study asks about their reasons for doing so and the sources they were most commonly influenced by. People taking on debt or avoiding critical purchases may ultimately have the last laugh: Three-quarters of people holding on to cryptocurrency said they believed it has much more value to gain. About a third of respondents said they held on to their cryptocurrency simply to maintain a diverse portfolio. Decisions on how and when to invest were made mostly after consulting Reddit, with over a third of crypto holders getting their information there. While not all information on the site is verified, the world has recently seen the power that Reddit can have over the financial industry. The only source more influential was a single individual – Elon Musk –whose tweets have been known to impact Bitcoin greatly. In one instance, a tweet from Musk plummeted the price of Bitcoin to below $30,000 – a low for this fluctuating currency. Planning Ahead Looking forward, respondents had already laid out some cryptocurrency-related plans. Our study concludes with a look at their anticipated future actions and what they feel willing to sell in order to buy even more digital currency. On average, respondents planned on maintaining their crypto balances for another five years. That said, enormous increases in price would certainly sway a few to start selling. Overall, respondents agreed that a 61% price increase in bitcoin could cause them to sell. Baby boomers, however, had the highest threshold for selling: This generation wanted a 65% increase before they sold. Respondents were highly unwilling to sell all of their crypto, even in exchange for some pretty valuable things. Only a third said they would sell all of their crypto in exchange for a new home. Considering that the average house price in the U.S. is roughly $287,000, and the respondents we spoke to had fewer than $2,000 worth of crypto, this speaks to an incredibly high anticipated rate of return. Gen Z, however, had many respondents agreeing that they would get rid of all of their cryptocurrency if it would cover their student loan debt. Cryptocurrency Costs Respondents proved that there are more costs involved in investing in cryptocurrency than just the dollar amount. They were often investing in lieu of life-improving purchases, paying down credit card bills, or even covering medical expenses. Men and baby boomers were the most likely to borrow in order to continue financing crypto. In the future, most anticipated doubling down on aggressive decisions like these. Few would sell everything even for a new home or being able to quit their jobs. Of course, they felt their decisions were the right ones, as three-fourths said their primary motivation was an anticipation of a solid return on investment. For most, a 61% price increase would cause them to sell what they had. For others, diamond hands were the most valuable asset of all. Methodology and Limitations We surveyed 1,000 crypto investors on their behavior while investing. Among them, 60% were men, 39% were women, and 1% identified as nonbinary. For generational breakdowns, the sample sizes were: Baby boomers: 135 Generation X: 212 Millennials: 442 Generation Z: 206 Other: 5 For short, open-ended questions, outliers were removed. To help ensure that all respondents took our survey seriously, they were required to identify and correctly answer an attention-check question. These data rely on self-reporting by the respondents and are only exploratory. Issues with self-reported responses include, but aren't limited to, the following: exaggeration, selective memory, telescoping, attribution, and bias. All values are based on estimation. Fair Use Statement As the cryptocurrency conversation grows in pace and fervor, data-based information becomes more important than ever. If you or your followers would be interested in this type of information, you are welcome to share it. Just be sure your purposes are noncommercial and that you link back to this page.
  3. Since its launch in 2009, cryptocurrency has taken the world by storm. In essence, it can be described as digital money. Many people invest in it, hoping the value of whatever crypto they have goes up. For example, at the start of 2013, Bitcoin was trading at around $13.50 per coin and peaked at just under $24,000 per coin in December of 2020. To understand the full scope of the cryptocurrency global landscape, we surveyed over 1,000 people regarding their investment tendencies and feelings toward the digital dollar. What does the future hold for Bitcoin and the many other cryptocurrencies circulating around the net? With their rapid rise in popularity and worth, they may be here for the long haul and might even eventually render the physical money we know and love obsolete. Keep reading to discover who's investing in what and why. Cryptocurrency at a Glance From the surveyed population, 76% had invested in cryptocurrency entering 2021. Millennials were the most keen on it – 80.1% of them fell into this age category. Among respondents, 64% were men, and 36% were women. By a large margin, the most owned cryptocurrency was Bitcoin (51.4%). The next highest was Bitcoin cash at 10.4%, and the rest were all well under that. Investors were five times more likely to own Bitcoin versus other cryptocurrencies – there are a handful of factors that contribute to its popularity. Bitcoin is worth a lot (over $35,000 USD apiece at the time of writing this), has been around longer than other cryptocurrencies and major companies have started to accept it as a legitimate payment option. Crypto influencers offer advice, news, and predictions for the crypto world – almost 60% of cryptocurrency owners took influencer knowledge into account when investing. Vitalik Buterin, a Canadian-Russian programmer, is one of the most famous figures in the crypto world. He co-founded Bitcoin Magazine in 2012 and Ethereum in 2015, which has become the second-largest cryptocurrency worldwide. Another influencer, Erik Voorhees, is an American entrepreneur who has been at the forefront of numerous crypto-related ventures. He launched a bitcoin gambling website in 2012 called SatoshiDICE and founded Coinapult in 2013 which allowed users to send bitcoins via SMS. In 2015, he turned his attention toward his new venture, ShapeShift, a currency exchange and management platform that supported many different cryptocurrencies. Of the last 12 years, 2018 saw the highest level of first-time cryptocurrency investment, with 21.4% of respondents entering the market at the time. Overall, 46% of respondents started to invest in 2018 and beyond. A tremendous increase in Bitcoin price over the last couple years could explain the rise in interest and subsequent investments. The Crypto Experience When further analyzing respondent's feelings toward cryptocurrency investment, more can be learned about their views, opinions, and experiences with it. Firstly, 53% of current cryptocurrency owners worried about criminal activity. According to a Crypto Crime Report conducted by Chainanalysis, the value of Bitcoin that had been sent to and from various markets on the dark web totalled over $600 million. To that end, 65% of respondents agreed that cryptocurrency should be regulated and monitored by the government in an attempt to crack down against the rampant illegal activity in the crypto underworld. Forty-one percent of investors claimed they had fallen for a scam or experienced an attempted scam. There are a lot of tricks scammers can use to con people out of their money. It is usually done by email or telephone – a common strategy used is to offer participation in online referral strategy schemes or investment in a "surefire" business opportunity. Unfortunately, some people send their hard-earned money to the person on the other end of the line. They may promise to double your investment, but the money is almost always never seen again. Seventeen percent of all respondents and a quarter of baby boomers felt cryptocurrency as a whole is just a scam. Seeing as the concept and usage of cryptocurrency is fairly new, the hostility and uncertainty toward its long-term legitimacy isn't entirely surprising. More on Investments Respondent's average initial investment into cryptocurrencies was $2,235. In all, the average investment totaled $9,305. Seventy-seven percent of investors had set up automatic investment payments to continually increase their crypto accounts. Not every investment led to financial success, though. Over 56% of baby boomer respondents claimed to have lost money to the crypto market, followed by 49.2% of Gen Xers and 44.6% of millennials. Overall, 47% said they had suffered losses on their invested money, the average being $2,763. Fifty-eight percent decided to pull their previously invested money, averaging $3,305 in withdrawals. Well over half of respondents attributed their use of cryptocurrencies to investment purposes. Investment can be an attractive option, seeing as Bitcoin, for example, is a scarce asset, many believe its value can continue to rise as fiat currencies (e.g., the U.S. dollar) depreciate. Only 8.3% of respondents used it for direct spending – there is an increasing number of companies that have begun to accept crypto payments, and as more allow it, direct spending will likely increase as well. Just under 15% of respondents claimed to have invested in cryptocurrency in the hopes of churning out large profits. The majority (37%) had invested purely out of curiosity. It is still too early to tell how cryptocurrencies will fare in the future – it seems as if many people are just happy to be along for the ride and see how their investments do. It also provides investors an opportunity to learn more about the crypto world in the event a global movement toward digital monetary assets takes place. The Future Is Crypto Twenty-one percent of cryptocurrency skeptics said they plan on investing in the new year. On average, those that have already invested plan on injecting $7,145 into their crypto accounts. Newcomers planned on investing considerably less, at an average of $965. Unsurprisingly, 31.3% of respondents are looking to invest in Bitcoin over other types of cryptocurrency. Also, most of them (65.6%) felt hopeful about the future of cryptocurrency – a positive mindset could be the first step toward (financial) success. As a whole, 45% of respondents felt a $100,000 mark is within reach for Bitcoin in 2021. Just over 54% of cryptocurrency owners believed as much, as did 16% of those without any crypto to their name. Seventy-seven percent of cryptocurrency owners believed that it will become just as popular as government-issued currencies, whereas 40.2% of nonowners agreed. On average, 68% of respondents believed the two currencies will eventually become equally as popular. With the increase in interest in cryptocurrencies and subsequent investments, as well as Bitcoin being the best performing asset this past decade, a level playing field between crypto and government currencies could be here sooner than we think. Crypto Quick Stats Top 5 Crypto-Friendly States: Colorado Ohio Texas California Wyoming Top 10 Richest Crypto Investors: ‘Nakamoto' Chris Larsen Joseph Lubin Changpeng Zhao Cameron & Tyler Winklevoss Matthew Roszak Brock Pierce Brian Armstrong Anthony Di Iorio Xu Mingxing Top 9 Countries With the Highest Increase in Users Between Ages of 18 and 24: Nigeria Australia Spain Canada Mexico U.K. Colombia India Pakistan Top 9 Countries With the Highest Increase in Female Users: Greece Romania Argentina Portugal Indonesia Ukraine Czechia Colombia Venezuela The Digital Gold Rush The rise of cryptocurrency is a fascinating one, and there is much controversy that surrounds the topic. Twitter CEO Jack Dorsey famously tweeted in 2018 that he believed the internet and the world as a whole will operate on one single currency, being Bitcoin. Although there has been consistent elevated interest displayed by the public in their investment efforts, many are skeptical about the safety of a digital currency. An average person may fear scammers and hackers, and governments are worried that it might destabilize their national currencies and hurt their economies. The influence that cryptocurrency will have in the future is uncertain, as there are both positive and negative aspects that come with its total adoption. For now, it seems that people are happy investing casually and learning what it's all about. What we do know, though, is that the landscape may very well drastically change in the next ten years, maybe just as quickly as it has since Bitcoin's inception. Methodology and Limitations We surveyed 1,015 people about their views on cryptocurrency. Respondents were 42.1% men, and 57.6% women. One respondent was nonbinary, and two respondents chose not to disclose their gender. The average age of respondents was 38.3 with a standard deviation of 11.8 years. Our survey included respondents currently invested in cryptocurrencies and those who are not. 244 respondents were currently invested in cryptocurrencies and 771 respondents were not. Questions on which cryptocurrency respondents own, their reasons for investing, what they use it for, which crypto influencers they actively follow, and what they associate cryptocurrency with were asked as check-all-that-apply questions. Therefore, percentages won't add to 100. The data we are presenting rely on self-report. There are many issues with self-reported data. These issues include, but are not limited to, the following: selective memory, telescoping, attribution, and exaggeration. Fair Use Statement Think your friends and family might want to brush up on their cryptocurrency knowledge? Feel free to share these findings – we only ask that you do so for noncommercial use and that you provide a link back to this original page so the study's contributors can earn credit for their work.
  4. Key Takeaways: Gen Z’s investment habits are more likely to be influenced by Reddit, Twitter, and other social media, while older generations are more likely to have their investments influenced by magazines, newspapers, and TV. Gen Z is less likely to invest in a majority of typical/traditional/common assets but more likely to invest in cryptocurrencies, meme investments, currencies, and NFTs. Gen Z is less likely to invest in collectibles but more likely to invest in clothing and sneakers. Reasons Gen Z and many millennials are investing include the desire to “participate in a movement” and “fight back against institutions.” Investing for All Ages The ‘crypto craze’ has taken the world by storm – a week into 2021, the market value of cryptocurrencies surpassed a whopping $1 trillion. To put its surge into perspective, the value of all digital currencies added up to only around $260 billion last June, and it is now the fifth-most circulated currency worldwide, even surpassing huge economies like India and the UK. With the investment world booming, we wanted to take a closer look at investment strategies among the generations, with a particular focus on Gen Z. Let’s see how often they invest and when they feel is the right time to do so. Also, what kind of assets are they interested in, and what mediums do they use to (attempt to) grow their money? Lastly, we’ll assess respondents’ investment motivations as well as their sensitivity to risk. Read on to see who and what is pulling in the big bucks. Trigger-Happy Overall, a quarter of respondents admitted to investing frequently. It was a relatively popular activity among them, as only 12% said they rarely did it. On a generational level, Gen Zers couldn’t get enough of the practice – 28% said they were constantly investing. That being said, they were also the most likely to say they rarely do. As people got older, they were generally less active in the investment world; millennials were most likely to frequently invest, Gen Xers would do it often, and baby boomers and older generations would only sometimes try their hand at it. Respondents were most eager to invest when they felt like they had extra money to spend. Over half of them pulled the trigger when market conditions were right and would invest on a regular basis. Jumping into the stock market and other investment mediums can be exhilarating, so people should keep a few tips in mind to maximize success: Focus on the future by keeping a long-term perspective, don’t sweat the small stuff, and be open-minded. Weighing the Options With many different asset options to invest in and methods to do so, what do people tend to use the most? By a margin of just over 20 percentage points, the most popular asset to invest in was stocks – almost three-quarters of millennials and Gen Xers preferred to put their money in them over the other options. Putting your money into the stock market can be very financially beneficial – the simplest reason to invest is to grow your wealth, and people tend to amass anywhere between 7% and 10% of their original investment in returns per year. Historically, stocks generally rise and earn more money for investors than other options – therefore, investing in stocks is a relatively safe strategy, making it an attractive choice for many. The most common medium used to invest were retail investment platforms – Gen Zers especially preferred them, but baby boomers (or older) tended to use financial service companies to help them invest their money. There are a ton of investment apps at our disposal, and they are known to excel in different areas – for example, ‘Invstr’ was deemed the best for learning all about investing; ‘Wealthfront’ is known for its sophisticated portfolio management; and ‘Betterment’ is great for people who are interested in socially responsible investing strategies. Assessing Motivations Some are skeptical about the legitimacy of the investment world. Either way, they continue to attempt to grow their money. A conspiracy is afoot, as 77% of respondents believed the markets are manipulated by high-power investors and institutions, and many also agree that the stock market is biased toward them. Generally, baby boomers (and older) were a little more skeptical of these theories, but the younger generations were pretty sure there’s some truth behind them. A lot of research has been done to figure out what’s going on, and technically speaking, it would be difficult to prove that the stock market is rigged for the average investor due to laws and governing bodies, such as the U.S. Securities and Exchange Commission (SEC), to keep things in check. That being said, there are clear advantages that higher-ups, such as the money managers on Wall Street, have access to – among them are access to private and sensitive information, a ton of capital, political influence, and generally high experience when it comes to trading. Regarding investment motivations, Gen Zers, and in many cases millennials, did not have the same incentives as older generations. While Gen Xers and older respondents were interested in long-term gains, saving for the future, and making solid returns, their younger counterparts were particularly drawn to doing it for social causes, like fighting back against institutions and participating in movements. Risk and Influences Are people high-rollers, or do they prefer the small victories? Also, what are they influenced by when it comes to investment decisions? From the data collected, we can see that Gen Zers had a much higher risk tolerance than older generations, and baby boomers (and older respondents) tended to prefer to be a little safer with their investments. The most important aspect considered, by far, when investing was the market condition at the time. Instead of the stock fundamentals, Gen Zers were more interested in the tips and opinions from their family and friends, as well as the advice they found on Reddit. Millennials were the most likely to look for advice on social media and were also most likely to attribute moral or ethical reasoning to their investment decisions. Perhaps unsurprisingly, Gen Zers were more influenced by the online landscape, including YouTube, Reddit, and other social media applications, whereas the older generations tended to make their decisions based on what they were seeing in magazines, newspapers, and on television. The reality is, older people just aren't online nearly as much as young people. For example, 2021 Facebook demographic data shows that out of the 2.7 billion active monthly users, 86% of them are aged 18 to 29, whereas only 34% are 65 or older. The difference is even greater for Instagram’s 1 billion active monthly users – the split is 67% to 8%, respectively. The Learning Curve Clearly, the idea of investing has piqued the interest of many Gen Zers. Their preferred assets, method choices, motivations, and considered factors when investing are different than older generations. This is to be expected, especially with how much they use the internet and their dedication to social causes. A common stereotype is that young people are reckless, especially with their financials, but it was Gen Zers who were the most likely to invest to gain more insight about the investment landscape. Aside from the stock market, another way to grow your money is by rolling the dice at the casino. One thing that these two potential money-growing platforms have in common is that if you’re well informed on what you’re doing, you’re more likely to succeed. Gambler’s Pick is your go-to resource for learning about the ins and outs of online gambling – take a look at their casino reviews, helpful guides, and suggestions before diving into the many casino games you can try your hand at on their website. Head over there now to become a gambling guru! Methodology and Limitations We surveyed 872 people about their investment strategies to explore how different generations are investing. Twenty-four percent of respondents were Gen Zers, 27% were millennials, 25% were Gen Xers, and 24% were baby boomers or older. An attention-check question was used to help ensure respondents read questions and answers in their entirety. The data we’re presenting rely on self-report. There are many issues with self-reported data which include, but are not limited to, the following: attribution, exaggeration, telescoping, and selective memory. Fair Use Statement If you know someone who’s interested in dipping their toes into the world of investing or just wants to learn more about investment strategies, feel free to send this article their way. We just ask that you do so for noncommercial use only and to provide a link back to the original page so contributors can earn credit for their work.
  5. Key Takeaways: 45% of respondents had heard of Dogecoin, and 27.6% had invested in it. 30% of respondents believed that Dogecoin was the new Bitcoin. 48.8% of respondents regretted investing in Reddit-hyped stocks, while 40% regretted investing in Dogecoin. More than half of respondents were familiar with NFTs, while 40.5% had invested in NFTs. From Dogecoin to NFTs Bitcoin has been discounted before and still has its critics but always seems to come out on top. Even after years of disappointment, the digital currency came back stronger than ever. And with investing becoming more accessible to masses of people instead of the wealthy elite, we all want to know: What's the future of digital currency? As we saw with the GameStop story, large influxes of micro-investors have scale-tipping abilities comparable to those of established hedge funds. To better understand these scale-tippers, which we now know can hugely sway trading prices, we got to asking. More than 1,000 people across the country recently participated in our crypto trend research. They shared with us their opinions on everything from Reddit’s influence to Dogecoin and NFTs. If you're interested in what the average American was planning to do with these investment opportunities, keep reading. Determining the Future of Dogecoin Dogecoin was actually started as a joke in 2013 based on a popular Shiba Inu meme. But as we know today, jokes have power in the markets. Our study kicks off with a look at Dogecoin, how many Americans have heard of it, and how they feel about Elon Musk involving himself. While most people had heard of Dogecoin through social media (33.7%) or conversations with friends and family (21.7%), Elon Musk was single-handedly popularizing the coin as well. Eighteen percent of respondents had first heard of Dogecoin because of news covering Elon Musk's-related tweets. Most respondents either approved of or didn't care when it came to Musk's Doge-related information. Musk's tweets show enormous support for Dogecoin. When asked if he wanted the coin available for purchase on Coinbase, he tweeted with a resounding "Yes!" moving Dogecoin almost 10% north. Even if he meant it as a joke, we can say Dogecoin is at least considered a safer bet than the lottery –most respondents agreed that they would purchase Dogecoin over a lottery ticket, all costs being equal. Looking Forward to Dogecoin With Dogecoin getting so much attention on social media and from Elon Musk, we wanted to know what respondents felt the future of the currency was. They told us where they thought the price would go, what they would invest, and how it would compare to Bitcoin. People are placing a premium on Dogecoin's meaning in their life. Instead of investing "just for fun" or even to have a safe, reliable investment, the majority of Dogecoin purchasers see this as their chance to truly "get rich." They evidently have massive faith in the price of Dogecoin to soar, as they intended to get this rich with an average investment of $227. If Dogecoin goes up to $1 by the end of the year, however, which 23% of people thought it will, that $227 investment could be worth quite a lot, as the coin is hovering around a worth of just 5 cents at the time of writing of this article. Even with these high hopes, most people didn't see the coin as taking over Bitcoin's place. Instead, most felt Bitcoin would maintain its dominant stance in the cryptomarket. Buying With Bitcoin and Digital Currencies Digital currencies like Bitcoin are supposed to be exactly that: currency, or money with which to buy things. We next asked our respondents which retailers they wish accepted Dogecoin as payment. Most people thought it would be a perk for Amazon to accept Dogecoin as payment. While other stores were considered, 41.1% of respondents said they didn't really want any stores to accept Dogecoin. Evidently, the value often lay elsewhere. When asked, however, to consider what they would do were Amazon to release their own digital currency, the resounding answer was to invest. Sixty-four percent of respondents agreed that they would invest in Amazon's cryptocurrency. Fortunately for this group, Amazon's digital currency appears to be in the works. Trusting in Reddit The conversation around investing today often now leads to discourse about Reddit and memes. The next part of our study asks people what their response was to Reddit hypes and what investments they had chosen because of the platform's information. Similarly to an Elon Musk tweet, a group of Redditors also has the power to run up the price of alt coins (like Doge) when they put their mind (and money) to it. Even though it's highly associated with meme-style investing, the Reddit community's power has certainly been proven this year. It is not at all uncommon for digital investors today to use Reddit to inform their investments as well. Reddit's influence became unignorable with the GameStop phenomenon. The little guys from the internet were finally taking on the big hedge funds on Wall Street – and they were winning. GameStop was still the number one investment people made who took Reddit recommendations. Next was BlackBerry, which 31% of people also invested in because of Reddit. While BlackBerry was one of the biggest winners from the initial GameStop frenzy, this stock didn't have as large of a short interest as GameStop, making it harder to maintain the squeeze. The stock has fallen from $30 to around $9. Even though people were much more likely to invest in Reddit stocks than they were Dogecoin, they were also much more likely to regret the investment. While 48.8% of respondents said they regretted their Reddit-informed stock purchases, only 40% said the same thing about Dogecoin. While most planned to shed their Reddit investments within the next six months, perhaps they had higher hopes for Dogecoin still. Non-Fungible Tokens Chances are the acronym NFT has come across your radar more than once recently. NFT stands for non-fungible token. "Non-fungible" means that it's unique and can't be replaced –unlike Bitcoin, which can be replaced for another Bitcoin. NFTs, like truly one-of-a-kind trading cards, are part of the Ethereum blockchain at their highest level, though some others have implemented their own forms of NFTs. The last part of our study asks respondents to weigh in on this ongoing NFT boom. Just under half of respondents had even heard of Ethereum, though slightly more had heard of NFTs (which derive from Ethereum typically). While nearly a third couldn't provide the definition for NFTs, a whopping 61.7% of respondents planned to invest in them shortly. Women expressed particular interest in the opportunity, with 66.1% planning to invest in 2021. While millennials were most familiar with NFTs, almost a third of baby boomers knew the concept as well. NFTs made mainstream news when Beeple's NFT sold for over $60 million at auction – the most expensive NFT sold … so far. Trading and Trusting Even expert traders will tell you there's no way to predict the stock market. That said, there are certainly signposts and indications along the way. In today's Reddit-influenced and digital-informed markets, some of those signposts may be the communities that have arisen. With micro-investors banning together on such massive scales for the first time, the evidence compiled here from everyday Americans may actually indicate where digital currency trends may go. There's still optimism around Dogecoin and cryptocurrency and less hype around Reddit stocks and meme choices. That said, respondents weren't willing to sell everything just yet. If you're interested in having an investing-style community of your own, GamblersPick is the place for you. People from all over the world who share your interests and excitement are available to weigh in on whatever investments you may be considering. You'll also find news, guides, casino information, and whatever you may need related to money and fun! Head to GamblersPick today to check it out. Methodology This study uses data from a survey of 1,001 respondents familiar with cryptocurrencies located in the U.S. Survey respondents were gathered through the Amazon Mechanical Turk survey platform where they were presented with a series of questions, including attention-check and disqualification questions. 59.3% of respondents identified as men, while 40.7% identified as women. Participants incorrectly answering any attention-check question had their answers disqualified. This study has a 3% margin of error on a 95% confidence interval. 5.9% of respondents were Gen Zers, 60.8% millennials, 22.6% Gen Xers, and 10.7% baby boomers. Please note that survey responses are self-reported and are subject to issues, such as exaggeration, recency bias, and telescoping. Fair Use Statement Feeling the frenzy building in yourself as well? Community and sharing information is all part of it. Feel free to share this article, just be sure your purposes are noncommercial and that you link back to this page.
  6. As the new year settles in, people are still acclimating to life in lockdown. With not much to do but wait until the pandemic sorts itself out, many have begun to heavily indulge in one of America's favorite pastimes – watching movies and TV. While some have been to a theater recently, many remain hesitant to go to them. In the wake of isolation, countless people have transitioned to online streaming services, such as Netflix and Amazon Prime Video. These companies, along with other competitors, have reaped the rewards of the pandemic – they've seen tremendous growth as theaters became relatively obsolete, for the time being. With their success, streaming platforms are motivated now more than ever to push out content for the general viewing public. As people have been generally satisfied with their streaming experiences – what does the future hold for movie theaters when it's all said and done? Read on to find out more about the current (and potential future) TV and movie watching climate. The Streaming Takeover Regardless of the pandemic, respondent preference between watching movies at home versus going to the theater was a pretty even split – 48% preferred to be on their couch, while 52% wanted the big screen. Still, 69% of them had shelled out money to watch a new release at home, independent of their streaming subscriptions. Fifty-six percent also admitted to purchasing and downloading a movie from a streaming platform. Although 39% of respondents have canceled at least one streaming service since the pandemic started, 82% have added at least one (limited to platforms with at least 100 current subscribers). Disney+ and Amazon Prime Video had the highest jump in usage, with 30% and 29% adding these services, respectively. The most used streaming services were as follows: Amazon Prime Video: 76% Netflix: 71% Disney+: 47% Hulu: 38% HBO Max: 25% The streaming services with the most cancellations since the beginning of the pandemic were as follows: Disney+: 7.2% CBS All Access: 7.0% HBO Max: 5.9% ESPN+: 5.7% Hulu: 5.5% The top streaming services by percentage of new subscribers since the beginning of the pandemic were as follows: Disney+: 30% Amazon Prime Video: 29% Netflix: 17% HBO Max: 15% Hulu: 12% Generally, the most used streaming service has been Amazon Prime Video, covering 76% of respondents. Prime Video has become the people's choice as it offers a ton of benefits. Their streaming service puts out Amazon Original Series, allows for cheap movie renting, and gives consumers the option to subscribe to over 100 channels such as HBO and Showtime. Also, a household can share Prime benefits at no additional cost. Aside from their streaming platform, a subscription offers customers many other perks including online shopping and music streaming. Weighing the Options When asked how eager respondents are to go back to movie theaters, their reactions covered all the bases. Between 19% and 24% were either not at all interested or were very eager, whereas 11% would go right now if they could. Fifty-six percent of them said they were presently able to go to the theater, and 39% had been to one in the last three months. The best part about watching movies at home was the comfort aspect, according to 69% of respondents. In fact, an additional 2 of the top 5 answers revolved around comfort – being able to lie down (47%) and wearing pajamas (46%). On the other hand, half of respondents said that the worst part of the home theater experience was the lack of a "movie magic" feeling. This tied directly into what people missed most about going to the movies – 69% were longing for the "experience." The other top four answers described some aspects of this experience, eating popcorn and candy, having a date night, watching trailers, and enjoying the comfy chairs – these are what make the theater a special place to visit. What respondents were happiest to live without, though, were the overpriced concessions and tickets, according to 69% and 68% of respondents, respectively. It was determined that the typical markup on movie theater popcorn was 788%, soda stood at 558% and candy at 313%. In 2018, Cinemark, an American movie theater chain collected $1.1 billion in concession sales at a cost of $181 million, resulting in an 84% profit margin. Clearly, customers have the right to be a little distraught about the cost of their popcorn and soda. Who's Watching What? The top movies that have been streamed during the pandemic included Hamilton (31%) and Mulan (28%) on Disney+ and Borat Subsequent Moviefilm (25%) on Amazon Prime Video. These movies were streamed most by baby boomers, millennials, and Gen Xers, respectively. Some felt the viewing experience would've been better at a movie theater – 65% of Mulan watchers agreed, as well as 66% of those who watched An American Pickle on HBO Max. Only 30% of respondents would prefer to watch drama movies at the theater, but 62% love seeing action/adventure movies on the big screen. From 1995 to 2021, adventure and action movies have brought in the most box office revenue, at $63.57 billion and $47.72 billion, respectively. Generation with the highest percentage of streams per movie Baby boomers were the most likely to have streamed Hamilton. Millennials were the most likely to have streamed Mulan. Gen Xers were the most likely to have streamed Borat Subsequent Moviefilm Millennials were the most likely to have streamed The Old Guard. Generation X was the most likely to have streamed Enola Holmes. Top movies streamed by each generation, by percentage difference from the mean Compared to other generations, millennials were more likely to have streamed the following: Mulan The Devil All the Time The Old Guard Compared to other generations, Gen Xers were more likely to have streamed the following: Holidate Enola Holmes Bad Hair Compared to other generations, baby boomers were more likely to have streamed the following: The Trial of the Chicago 7 Black Is King An American Pickle Some generations streamed movies more than others, and there were some noticeable genre differences in their choices. Two out of the top three millennial choices were action/fantasy movies (Mulan and The Old Guard). Baby boomers enjoyed drama/dramedies the most (The Trial of the Chicago 7 and An American Pickle), and there was no theme among Gen Xers, who had a romantic comedy (Holidate), crime/adventure (Enola Holmes), and comedy/horror/thriller (Bad Hair) in their top three. Theaters Fight Back Once it's all said and done, 44% of respondents believed movie theaters would be somewhat likely to recover from the pandemic, whereas nearly a quarter believed the industry might not be so lucky. Gen Xers were more skeptical than baby boomers and millennials. Social distancing, wearing masks and post-movie disinfection were the top three measures that movie theaters would need to instill in order to make respondents feel comfortable going to one. Only 10% of them were confident in movie theaters' abilities to enforce thorough COVID-related safety procedures. CinemaSafe, a program launched to reintroduce movie theaters with proper health guidelines, have had companies all over the country pledge to meet or even exceed their guidelines. On top of the three previously mentioned measures, additional protocols include employee health training, air filtration, and modified concessions (e.g., contactless payment and eliminating communal food serving equipment). Overall, 68% of people said they'd go back to the movie theater post-pandemic, whereas 32% will opt to continue watching from home. Millennials and Gen Xers were more eager to go out, while baby boomers leaned more heavily toward staying in. We Like What We See (Besides Advertisements) Back to streaming services, most respondents have been satisfied with their subscriptions. Peacock subscribers had the lowest satisfaction rate at 66%, and 17% of CBS All Access users were dissatisfied for one reason or another. The most important quality of streaming services, by far, was deemed to be the quality of content. On top of the usual selection of movies and TV shows, all streaming platforms that ranked above 80% satisfactory level also produced their own original programming. Popular TV show examples include the likes of Stranger Things (Netflix), The Mandalorian (Disney+), and The Marvelous Mrs. Maisel (Amazon Prime Video). The most common additional benefit that people splurged on was the removal of advertisements from their streaming platforms (33%). Ad blocking, in general, has become a more common practice among internet users – from 2014 to 2021, there was more than an 11 percentage point uptick in ad blocker usage (from 15.7% to 27%). Otherwise, 26% of respondents said they don't pay for any other premium benefits. The rest were primarily interested in live TV, exclusive/original content, and having multiple profiles on one platform. Big Spenders The average spending on streaming services among respondents was $46 a month, and an additional $44 had been spent on renting or buying movies online. Baby boomers spent the least on both, averaging $33 and $36, respectively. Also, in the pandemic-free world, people went to the theater twice a month, on average. On a current monthly basis, respondents reported streaming an average of 7.6 movies from home. As soon as COVID hit our borders, streaming companies knew they had a big year ahead of them. In 2021, they are projected to spend $122 billion on content – an increase of 11% since last year and 31% from 2019. Netflix announced they would be releasing a new film every week this year, and other major streaming platforms like Hulu are investing fortunes into exclusive FX programming. The onslaught of content has surely kept most subscribers happy thus far, and it doesn't seem to be slowing down anytime soon. The Next Episode Clearly, the pandemic has forced us to change our movie watching tendencies, although the shift toward online streaming has been a welcoming experience for most. Many are confident theaters will make a comeback once it's all said and done, but that doesn't necessarily mean everyone is dying to go to one. There is that certain "movie magic" feeling that only exists in theaters, but the comfort of home has become equally as important. As streaming services continue to release more content and features to their platforms, happy subscribers may never need a reason to leave their house ever again! Netflix surpassed 200 million subscribers thanks in part to the global pandemic, and other platforms have prospered as well as they continue to crank up their efforts heading into 2021 – the year for watching movies and television, apparently. Methodology and Limitations We surveyed 1,062 people about their movie watching habits. Fifty three percent of respondents were men, 46.7% were women, and less than 1% identified as nonbinary. Respondents ranged in age from 18 to 75 with an average of 38. An attention-check question was used to ensure respondents read questions and answers in their entirety. The data we're presenting rely on self-report. There are many issues with self-reported data which include, but are not limited to, the following: attribution, exaggeration, telescoping, and selective memory. Fair Use Statement Before heading off to watch a movie, feel free to share this article with friends and family. We only ask that you do so for noncommercial use and to please provide a link back to the original article page so our contributors can earn credit for their work.
  7. • 77% of respondents believed video games make social distancing easier. • 68% of respondents agreed video games reduce stress surrounding COVID-19; half of gamers said games distract them from negative news during this time. • Nearly half of gamers surveyed had met up with friends in video games while social distancing. • Discord was the most preferred voice communication platform for gamers during the COVID-19 pandemic. • Gamers favored the PlayStation 4 over the Xbox One while adhering to stay-at-home orders. The question of how we spend our time has really been put under the microscope lately. The COVID-19 pandemic has impacted everyone's schedules (to say the least), and whether your calendar got busier or blew wide open, you may have already learned a thing or two from the way your days have changed. Maybe you've gained a new skill, found ways to socialize, or have gotten creative. But perhaps you're just looking for ways to cope with the stress. Based on recent findings, however, there may be something that provides the perfect intersection: video games. We spoke to 1,000 gamers who were actively practicing social distancing. They shared how they've continued to socialize using video games, as well as how gaming has helped them to cope with the stress of COVID-19. Continue scrolling to see what the gaming community has to say during these trying times. Gaming at Home Even during the height of the pandemic, using video games to socialize wasn't half bad. Most respondents rated the experience as "good," "very good," or even "excellent." In-game chat was twice as popular as Zoom to communicate with other gamers, as well. But what did video game socializing actually involve? A lot of the same things normal life would, just virtually. More than 46% had used video games to meet up with friends, and another 55% of respondents attempted to recreate real-life scenarios of some kind. Things like birthdays, baby showers, and even weddings are being celebrated online and often include virtual games. Eight percent of respondents said they had also gone on a date in a video game since the pandemic began. That said, women were less likely to enjoy socializing in video games. Unfortunately, video games can be breeding grounds for sexual harassment, particularly of women. Of course, both men and women should socialize only where they feel safe, as they would in real life. Consoles for Remote Life The "console war" (as many techies call it) between PlayStation 4 and Xbox One was alive and well during the quarantine. This particular battle, however, was won by PlayStation: 23% preferred PS4 during this time, while Xbox served just 13.6%. PlayStation may be particularly conducive to socialization while in isolation –some fans praise the console's "social screen" feature, which allows others to see what you're seeing. Another clear standout in quarantine was the Mario franchise. Mario Kart was the most popular video game to play while social distancing. And it also helped people feel the best: Players ranked this game as one of the least stressful things they could play during social isolation. It lost only to Animal Crossing: New Horizons and Minecraft. Call of Duty was almost as popular as Mario Kart but was the most stressful game to play in quarantine, according to gamers. Modern Warfare and Black Ops 4 (both Call of Duty games) took first and second place, respectively, for the most stressful video games. Gaming Schedules Without a normal schedule to adhere to, respondents found a variety of times that worked well for gaming. Evenings between 6 and 10 p.m. worked best, but afternoons and playing throughout the day were also popular. These hours added up to an average of 15 hours each week of gaming while social distancing. But nearly a third of respondents spent more than 20 hours each week playing video games during isolation. Those hours spent gaming represented much more than the games themselves, as we came to find out. Around 77% said video games make it easier to socially distance. In many ways, video games made them feel more connected to positive things: 59.1% felt more connected to friends, 68.2% saw a reduction in COVID-19-related stress, and 50% used the games to distract from negative news. Many even censored negativity – 45.5% chose to avoid virtual violence during these times. Financing Gaming During COVID-19 Quarantine games weren't all free, however. While social distancing, gamers spent an average of $101. Nearly 41% of gamers spent money on video games, and 26.6% purchased downloadable content, while a much smaller percentage bought things like headsets and new controllers. Nearly 1 in 5 gamers planned to spend their coronavirus stimulus check on something video game-related. More specifically, around 14% said they would purchase video games, 6.1% said they would use the check to buy downloadable content, and 5.3% were going to use the funds on a console. When all was said and done, gamers anticipated using 38% of the check on gaming supplies. How to Start Gaming Now With all of the benefits respondents expressed, we wanted to know if they would recommend it to others. We figured a few suggestions for enjoyable ways to pass the time in quarantine couldn't hurt. Sixty-eight percent believed nongamers should get in on the action and give video games a try while social distancing, and around 51% said to try it with family or friends. If finances are a concern (which they are for many during such an economically turbulent time), gamers had a solution for this as well: 47.2% suggested starting with free-to-play games. Identifying the right game for you was also highly recommended. This means that even if your first gaming experience isn't ideal, there may be other genres to try that are better suited to you. The recommendations over consoles highlighted a rivalry once more – gamers were fairly evenly split over Nintendo Switch, PlayStation 4, and Xbox One, but the first two were ultimately the top choices. The Mario series was the top recommended game for social distancing. Keep Playing Gamers continued to list a host of helpful tips for both existing players and anyone else looking to get started in the exciting world of virtual games. During the height of social distancing, now more than ever seems like the perfect time to give gaming a try. Who knows? You may develop some great online relationships and feel a little less stressed. Fair Use Statement Social distancing has certainly spiked the need for sharing. If you know someone who you’d like to share these contents with, you are welcome to do so as long as your purposes are noncommercial. You must also link back to this page so our contributors can receive proper credit for their work.
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