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Most Bitcoin enthusiasts are rich, males, and young: Survey finds

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According to Clovr, the average Bitcoin fan (we should better say investor) is a rich-young-male, living in prominent places. These male folks are rich and are earning more than $75,000 annually, according to the recent survey.

Clovr, a technical blockchain company that has conducted the research done on more than a thousand people residing in America, is poised on making blockchain go mainstream.

So, as the survey shows, the crypto-world is well-dominated by young male folks, and this shouldn’t be surprising (we all have been hearing that the crypto is a male-dominant space). The survey has also shown that millennials are very much into cryptocurrencies than any other type of generation.

According to the survey, it has been revealed that most of these young male folks invest in cryptocurrencies in the hope of getting huge profits, rather than thinking cryptos will be the main medium of exchange.

Furthermore, more than 75% of people are conversant with what cryptocurrencies are, especially Bitcoin; also according to the survey, about 62% are self-reliant that they can explain what cryptocurrencies are to newbies.

About 70% of the people surveyed also voiced out their feeling on cryptocurrencies. They are uncertain on cryptocurrencies, given that the crypto sphere is mainly volatile and unpredictable.

More than 40% of these male folks have said that despite the volatility of cryptocurrencies, especially Bitcoin, the main reason why they have ventured into cryptocurrencies was due to FOMO (Fear-of-Missing-Out). Others who do not invest in cryptocurrencies said the cause was not to lose their hard-earned funds (a good one).

According to the survey, also, the main reason why men control the cryptocurrency world is because men are more willing to take risks than women – no matter what the outcome might be (we do not say that’s 100% true).

To back up that fact, a survey in 2016 stated that women who are into digital trading take lesser risks. Nonetheless, it is important also to note that the number of women into cryptos are now growing by the day and it will increase once the general crypto-system is wholly decentralized and free of online thefts. In accordance with that, the United States has unveiled 3 pro-crypto laws to enhance the growth and adoption of the cryptos.

Tom Emmer, the co-chairman of the Congressional Blockchain Caucus, said,

Law-makers should be accommodating the latest blockchain technologies and offering a clear regulatory body that will make them grow in the U.S. This is an exciting time for blockchain technology and cryptocurrencies

Moving forward, blockchain is increasingly being adopted worldwide today, but most people still have the notion that cryptocurrencies such as Bitcoin can’t be able to replace fiat currencies – not yet. For people to begin to recognize the fact that it would, cryptos need to be on everyday apps that people use for their daily activities.

Mike Cribari, the co-founder of Clovr states,

It’s hard for people to understand things like private keys and transfers. People need to be able to use cryptocurrencies more for things like buying their lunch.”

Applications and mediums to help cryptocurrencies be part of our daily lives are being worked on at the moment. With the launch of notable applications such as Bakkt, we should see Bitcoin and other cryptocurrencies widely accepted by everyone very soon.

For the global insights every crypto trader must have, apply for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Why Chinese New Year Affects Bitcoin (BTC)

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Bitcoin (BTC) lost about $100 in value in the last week, and, while reasons behind the drop in crypto prices can often be hidden and unclear — this time, that is not the case. The reason for this drop is believed to be the celebration of the Chinese New Year.

The New Year celebration was over more than a month ago for most of the modern world. However, things are a bit different in China. This is a country which is considered to be one of the oldest ones in the world, with a long and complex history. The country’s traditions are fascinating to many around the world, as so many of them are different from western culture. One of these traditions is the Chinese New Year.

The New Year celebrations in China start on January 28th, which was a week ago. The New Year itself is today, February 5th, although the celebrations and festivities are going to last until February 19th. For the people of China, and all those around the world who follow the country’s tradition, this is the time to relax, take a break, and perhaps travel and visit friends and family. But, what does it have to do with Bitcoin?

China and Bitcoin

Those who are new to the world of cryptocurrencies have likely already heard many stories about China banning Bitcoin trading and…

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EO.Finance Launches Highest Paying Crypto Referral Program of 2019

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The EO Referral Program, already touted to be a significant addition to the ecosystem has been launched, and more details can finally be revealed. Offering 30% of transaction fees for each referral, it is expected to be the highest paying crypto referral program of 2019.

 

Each user will receive their own unique invite link, which can be shared with friends or via social media, in order to start earning 30% of the companies fees for every transaction made by someone who registered using their unique link. Furthermore, receive 5% of the fees for each new referral introduced by your own referral, increasing earning potential and adding even more benefits to an already feature-packed ecosystem. The fact the ecosystem supports credit and debit card transactions, as well as more than 40 cryptocurrencies means it will be even easier for you to start earning from your referrals.

 

The EO Referral Program will also extend to EO.Trade following launch, meaning it will be possible to earn from a single referrals transactions across multiple products within the EO ecosystem. It is important to note that the figure of 30% is significantly more than most competitors offer.

 

Payment will be made in the same currency as was purchased or exchanged. Withdrawal of the profits earned via the program can be made instantly, meaning you can earn immediately from your referral.…

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Is Bitcoin (BTC) Ready for Another Surge?

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It is no secret that Bitcoin (BTC) has had a rough 2018. The coin has dropped by over 80% from its all-time high in a matter of months, it experienced two market crashes, a constantly bearish market, and even troubles within its own ecosystem. Crypto investors spent the entire year hoping for a surge that never arrived, and since BTC is the most influential coin within the crypto space, its behavior usually dictates the pace for other coins as well.

Then, the year finally ended, and investors believed they could finally start anew, hoping to see BTC perform better in 2019. While Bitcoin is certainly performing better than in 2018, the current state of things is still far away from a rally. However, there is a possibility that this might change in the future.

Projects that could have sparked the next rally

As mentioned, crypto investors around the world were hoping to see a new price surge with the arrival of the new year. So far, this has not happened, and while there were several events believed to be able to boost BTC value, several complications prevent them from occurring.

One of them is the launch of the Bakkt Bitcoin Futures Exchange, which was scheduled to happen on January 24th. However, due to the long-lasting US government shutdown, the exchange failed…

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