What causes the cryptocurrency market to be so volatile? Is it risky to invest in cryptocurrencies during a “dip” in the cryptocurrency market crash? Many investors have shown great interest in cryptocurrencies, but their volatility is keeping many others away. Alarmingly, Bitcoin’s value dropped by 50% since the November peak, reaching as low as $20,100 on June 15, 2022. Investors are worried about crypto volatility.
Accordingly, Real Research — the online survey app launched a survey on crypto volatility mid-2022. Specifically, the survey aims to find the public’s view on selling their assets, buying in the dip, or holding coins until the market becomes stable. Here are the results.
- 86.9% are aware of the recent cryptocurrency market crash
- 50.85% have ‘Utility Tokens’ as crypto assets
- 55.99% chose to be ‘Bullish’ in the crypto market crash
Survey on Crypto Volatility Mid-2022
The survey on crypto volatility mid-2022 starts by asking about respondents’ awareness of the recent cryptocurrency market crash. In response, 86.9% say ‘yes’ and 13.10% say ‘no’. Next, the survey asks respondents about the type of crypto assets they are holding. In reply, 50.85% say ‘Utility Tokens’ while 10.99% have ‘Security Tokens’. On the other hand, 9.90% hold ‘Cryptocurrency Funds’; in contrast, 8.75% do not own any assets. Furthermore, 6.74% own ‘Non-Fungible-Tokens’, and 6.10% have ‘Initial Coin Offerings’.
Following that, the survey asks respondents if they were bearish or bullish during the cryptocurrency market crash. All 55.99% of respondents chose to be ‘Bullish’, whereas 24.28% decided to hold their assets. Moreover, only 19.73% were ‘bearish’ during the market crash.
Accordingly, the survey also asks respondents if they will buy more assets during the market crash. The majority (66.48%) replied ‘Yes’, 14.80% say ‘No’, and 18.71% are still ‘Unsure’.
Respondents’ Views on Dealing with Crypto Volatility
Next, the Real Research survey app asks respondents how they deal with cryptocurrency volatility. In response, the majority (53.02%) say they learn to ‘manage emotions’ and 12.99% try to ‘Diversify’. Similarly, 11.47% share that they ‘build up knowledge of when to hold’. On the other hand, 11.09% responded to say ‘don’t try to time the market’.
Further on, it is reported that Kwon cashed $2.7 billion from Tera Network before the crash. Accordingly, the survey asks respondents what they think about this withdrawal. To this, a majority of 55.92% feel ‘CEO siphoned funds off the project’. Following that, 20.34% are unsure about the situation. Moreover, 15.29% suggest ‘he was aware of the fact that UST would potentially de-peg’. Whereas 7.99% believe ‘he was trying to be careful about the assets’
In other news, analysts predict analyzing LUNA’s price trend that it will have bullish potential after hitting its bottom. The survey asks if respondents agree with this. In reply, a majority of 46.28% ‘strongly agree’ and ‘16.04’% ‘agree’ with the statement. On the contrary, 15.62% are ‘neutral’, 5.33% ‘disagree’, and 3.98% ‘strongly disagree’ with the prediction.
Will Bitcoin Recover in 2022?
Next, the survey acquires respondents’ opinions about which cryptocurrency will explode in the second half of 2022. Majorly, 51.99% suggest ‘Bitcoin’, 12.96% vote for ‘Ethereum’, 6.70% prefer ‘Binance coin’, and 6.17% pick ‘Cardano’. Moreover, 5.32% think ‘XRP’, and 4.27% believe ‘Tether’ will explode in the second half of 2022.
The survey then asks respondents ‘Will Bitcoin recover in 2022’? In reply, 63.43% believe ‘Yes, it will soar higher by the end of 2022’. On the contrary, 12.43% feel ‘No, it will slump further down’.
Lastly, the survey on crypto volatility asks respondents if investors should buy cryptocurrencies during the ‘dip’. On this, a whopping 68.57% advise to buy during the dip and 10.83% suggest not to buy. On the other hand, 20.60% are unsure about it.
|Survey Title||Public Perception on Crypto Volatility Mid-2022|
|Duration||June 21 – June 28, 2022|
|Number of Participants||50,000|
|Demographics||Males and females, aged 21 to 99|
|Participating Countries||Afghanistan, Algeria, Angola, Argentina, Armenia, Australia, Azerbaijan, Bahrain, Bangladesh, Belarus, Benin, Bolivia,… Brazil, Brunei, Bulgaria, Burkina Faso, Cambodia, Cameroon, Canada, Chile, China, China (Hong Kong) China (Macao), China (Taiwan), Colombia, Costa Rica, Croatia, Czech Republic, Ecuador, Egypt, El Salvador, Ethiopia, Finland, France, Gambia, Georgia, Germany, Ghana, Greece, Greanada, Guatemala, Honduras, Hungary, India, Indonesia, Iraq, Ireland, Israel, Italy, Ivory Coast, Japan, Jordan, Kenya, Kuwait, Kyrgyzstan, Latvia, Lebanon, Libya, Lithuania, Malaysia, Maldives, Maluritania, Mexico, Moldova, Mongolia, Morocco, Mozambique, Myanmar [Burma], Namibia, Nepal, Nicaragua, Nigeria, Oman, Pakistan, Palestine, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Sierra Leone, Singapore, Slovakia, South Africa, South Korea, Spain, Sri Lanka, Tanzania, Thailand, Togo, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Yemen, Zimbabwe.|
Real Research News is the media platform that presents insights and studies of wide-range of topics. It focuses on insights gathered from its survey app.