Wednesday, February 1, 2023
DLTEMPIRE
  • Home
  • News
  • Blockchain
  • Ethereum
  • BNB
  • Binance
  • Luna Crash
  • Crypto Mining
  • DeFi
  • ICO
  • Regulation
  • Top 10 coins
No Result
View All Result
  • Home
  • News
  • Blockchain
  • Ethereum
  • BNB
  • Binance
  • Luna Crash
  • Crypto Mining
  • DeFi
  • ICO
  • Regulation
  • Top 10 coins
No Result
View All Result
DLTEMPIRE
No Result
View All Result
Home News

Survey: YouTube, Blogs, Reddit are Where Americans Turn for Cryptocurrency Investment Advice

Lucinda Keatinge by Lucinda Keatinge
September 20, 2022
in News
0
Survey: YouTube, Blogs, Reddit are Where Americans Turn for Cryptocurrency Investment Advice
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


More than 40% of Americans say they believe crypto will overtake traditional banking and currency within 25 years, results show.

The number one rule in investment is to understand what you are investing in. Investing because your neighbor’s friend thinks this token is hot is not good enough.”

— Dr. Campbell Harvey, Professor of Finance at Duke University

AUSTIN, TEXAS, USA, September 20, 2022 /EINPresswire.com/ — Search on Google to learn about cryptocurrency, and the abundance of choices is mind-boggling. Coursera classes, countless YouTube videos, podcasts, articles with titles like “Learn to Trade Crypto” and “Crypto: A Beginner’s Guide” and universities offer such course options as Online Blockchain Bootcamp. But how do people know which sources to trust?

Crypto prices have always been volatile, but this has been a particularly cruel summer for the cryptocurrency markets.

Roughly 40% of Americans say they believe cryptocurrencies will overtake traditional currency and banking within the next 25 years, and they want to try to capitalize on that by buying in while prices are low.

This often causes emotions to run high as investors try to time the market to buy in or sell at critical times. Take, for example, the surge in Dogecoin in the days leading up to the appearance of Technoking (and Dogecoin backer) Elon Musk on Saturday Night Live last spring. The price shot up significantly in the days leading up to his May 8 appearance, then tumbled after Musk made a joke about the coin during the broadcast.

Purchasing trends like this are particularly worrisome when you consider previous DebtHammer.org findings that show that Americans are borrowing money to fund cryptocurrency investments, using credit cards, personal loans, title loans and even payday loans, and 28% of those surveyed said they struggled to pay their other bills – or even defaulted – due to their crypto investing.

To learn more about where investors turn for crypto trading tips, DebtHammer researched how Americans learn about cryptocurrency. We surveyed over 1,500 people, asking how they gathered information about cryptocurrencies. Here are some of the primary findings.

Key takeaways

YouTube is #1: More than 42% of survey respondents said they get their cryptocurrency investment advice on YouTube. That means the quality of the advice they’re getting hinges on the credentials of the person making the video. Another 17% get their investment tips from podcasts.

Websites and blogs are #2: 41% regularly read websites and blogs to keep up with the latest prices and trends. Reddit accounts for another 27%.

Friends and family are #3: 33% count on people they know for insight and tips on the best cryptocurrencies to buy or sell. About 16% watch TV for information, 12% get their information from newspapers and 7% listen to radio broadcasts.

Read the full report at debthammer.org/cryptocurrency-education-survey.

DebtHammer is an industry leader in the business of fighting to get Americans out of debt.

Please email media@debthammer.org for more information, or if you would like to schedule a phone or video call with DebtHammer’s Founder and CEO, Jake Hill. Feel free to embed any of the visuals included in the report on your website, or to use or edit the raw files as needed. Full data sets are available upon request.

Jake Hill
DebtHammer
+1 214-542-2502
email us here

You just read:

News Provided By

Jake Hill, DebtHammer

September 20, 2022, 19:30 GMT


EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content.
As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™,
tries to define some of the boundaries that are reasonable in today’s world. Please see our
Editorial Guidelines
for more information.

Submit your press release





Source link

Tags: AdviceAmericansBlogsCryptocurrencyInvestmentRedditSurveyTurnYouTube
Previous Post

Hacked Crypto Market Maker Wintermute Has $200M in Outstanding DeFi Debt – CoinDesk

Next Post

Wintermute DeFi Operations Hacked for $160M

Lucinda Keatinge

Lucinda Keatinge

Next Post
Wintermute DeFi Operations Hacked for $160M

Wintermute DeFi Operations Hacked for $160M

  • Trending
  • Comments
  • Latest
Veteran pilot killed in vintage airplane crash in Kern County

Veteran pilot killed in vintage airplane crash in Kern County

September 3, 2022
Wells Fargo Mentioned Ripple (XRP) As A Digital Currency In August Report

Wells Fargo Mentioned Ripple (XRP) As A Digital Currency In August Report

August 16, 2022
Sold Out Presale Creating Huge Interest In Gnox (GNOX) From Binance Coin (BNB) And PancakeSwap (CAKE) Holders

Sold Out Presale Creating Huge Interest In Gnox (GNOX) From Binance Coin (BNB) And PancakeSwap (CAKE) Holders

August 16, 2022
Best Coins To Buy On PancakeSwap App In August 2022

Best Coins To Buy On PancakeSwap App In August 2022

August 12, 2022
How the Stance of World’s Top Crypto Exchange Could Impact Possibility of Future Ethereum Forks

How the Stance of World’s Top Crypto Exchange Could Impact Possibility of Future Ethereum Forks

0
Binance, Mastercard launch prepaid card in Argentina to bridge cryptocurrencies, everyday purchases

Binance, Mastercard launch prepaid card in Argentina to bridge cryptocurrencies, everyday purchases

0
What is Alpaca Finance? – Asia Crypto Today

What is Alpaca Finance? – Asia Crypto Today

0
Blockchain ETF’s Top Holding Has Been a Strong Outperformer

Blockchain ETF’s Top Holding Has Been a Strong Outperformer

0
A New digital currency that enables Private Permissionless Payments on Blockchain

A New digital currency that enables Private Permissionless Payments on Blockchain

February 1, 2023
Provident in Massachusetts pushing past crypto woes

Provident in Massachusetts pushing past crypto woes

February 1, 2023
Bitcoin, Ethereum, and Equity Markets Drop as Fed Likely to Hike … – The Coin Republic

Bitcoin, Ethereum, and Equity Markets Drop as Fed Likely to Hike … – The Coin Republic

February 1, 2023
BNB Bowl 2023 lineup (Pain of Truth, Death Threat, Bulldoze, Merauder, End It, All Out War & more)

BNB Bowl 2023 lineup (Pain of Truth, Death Threat, Bulldoze, Merauder, End It, All Out War & more)

February 1, 2023

Recent News

A New digital currency that enables Private Permissionless Payments on Blockchain

A New digital currency that enables Private Permissionless Payments on Blockchain

February 1, 2023
Provident in Massachusetts pushing past crypto woes

Provident in Massachusetts pushing past crypto woes

February 1, 2023
Bitcoin, Ethereum, and Equity Markets Drop as Fed Likely to Hike … – The Coin Republic

Bitcoin, Ethereum, and Equity Markets Drop as Fed Likely to Hike … – The Coin Republic

February 1, 2023
BNB Bowl 2023 lineup (Pain of Truth, Death Threat, Bulldoze, Merauder, End It, All Out War & more)

BNB Bowl 2023 lineup (Pain of Truth, Death Threat, Bulldoze, Merauder, End It, All Out War & more)

February 1, 2023

Recent News

A New digital currency that enables Private Permissionless Payments on Blockchain

A New digital currency that enables Private Permissionless Payments on Blockchain

February 1, 2023
Provident in Massachusetts pushing past crypto woes

Provident in Massachusetts pushing past crypto woes

February 1, 2023

Categories

  • Altcoin
  • Artificial Intelligence
  • Binance
  • Blockchain
  • BNB
  • Business
  • Crypto Mining
  • DeFi
  • Education
  • Ethereum
  • Featured
  • ICO
  • Luna Crash
  • Metaverse
  • News
  • Regulation
  • Top 10 coins
  • Uncategorized

Follow Us

Follow Us

Find Via Tags

Big Binance Bitcoin Blockchain BNB BTC Buy Cardano CEO Chain Coin CoinDesk Coins crash Crypto Cryptocurrency DeFi Digital Dogecoin ETH Ethereum Exchange eyes Finance FTX Heres Investors latest LUNA Market Merge Million mining Network News NFT Prediction Price Protocol Regulation Solana Token Top Tweet Week

© 2021 Dltempire

No Result
View All Result
  • Home
  • News
  • Blockchain
  • Ethereum
  • BNB
  • Binance
  • Luna Crash
  • Crypto Mining
  • DeFi
  • ICO
  • Regulation
  • Top 10 coins

© 2021 Dltempire