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❕NEWS Survey: Only 16% of Russian traders invest in cryptocurrency

aryan4

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The overwhelming majority of Russian traders prefer to invest in stocks and bonds. Digital currencies are still not in high demand among Russian retail traders. Only 16% of those surveyed told researchers that they were trading digital assets.
If you only consider this survey, what could be the reason for this?
 

aryan4

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Frankly, I was quite surprised by this result. I thought the citizens of this country were very interested. But I think there are problems with laws in the country.
 

Brain

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The overwhelming majority of Russian traders prefer to invest in stocks and bonds. Digital currencies are still not in high demand among Russian retail traders. Only 16% of those surveyed told researchers that they were trading digital assets.
If you only consider this survey, what could be the reason for this?
It could just be lack of awareness on the huge potential of btc. Like the ban of cryto in my country I'm forced to think it could just be ignorance or the advisers don't know a lot about the crypto world
 

sagefave

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The Russian government has never hidden its dislike for cryptocurrency and even went as far as developing the digital ruble to discourage cryptocurrency usage, so it's expected that citizens of Russia who know how to trade financial assets will stay away from trading cryptocurrency.
 

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Although I didn't expect so much from Russia where Cryptos are concerned but I never knew that the percentage would be so low even in a survey.
 

BullyMaguire

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They're probably more used to the movement of the price of stocks than Cryptocurrency. That's why they don't want to move from there. But i believe this will increase in the future
 

Emoney

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Kinda surprising, but then I'm willing to bet that those Russian-based hackers, blackhat traders, and other shady fellows must be using crypto as their main cureency anyway.
 

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The overwhelming majority of Russian traders prefer to invest in stocks and bonds. Digital currencies are still not in high demand among Russian retail traders. Only 16% of those surveyed told researchers that they were trading digital assets.
If you only consider this survey, what could be the reason for this?
Maybe the reason why they still haven't started their trading or investment in crypto currencies is the market nature. Some people believe that the stock market is less volatile than the crypto market and that still made them continued stocks.
 

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I think they have their reasons and i have learnt from one source that Russia have one of the highest number of crypto hyip platform , i think this contributes because many feel they could get scammed
 

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Wow. That's so strange. Russia has been known as the coin with the most type of illegal business and investment. Am surprised that cryptocurrency is not shining there
 

achawaskey

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I can't really tell what the reason might be, one thing for sure is that they know what they are doing. Maybe they still don't have confidence in bitcoin yet.
 

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I can't really tell what the reason might be, one thing for sure is that they know what they are doing. Maybe they still don't have confidence in bitcoin yet.
Perhaps there are other business that is more lucrative than cryptocurrency that they invest in.
Or they are just scared of the volatility of crypto
 

Josemendez

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I was discussing with a friend yesterday, it's actually about crypto currency, so he said that majority of persons in the world in general do not know about crypto currency, and what we said is just the fact so Russia is not the only country,
I think Russia's issue is not lack of knowledge but unwillingness to key into cryptocurrency investment. They prefer drugs and weapons for faster earning
 
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