A survey of the Chinese crypto market: from trading habits, MBTI to popular tracks, restoring the real Chinese crypto community

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Chainfeeds Introduction:

TechFlow conducted a questionnaire survey on "Chinese-speaking Users' Crypto Investment Habits" from May 22, 2024 to June 30, 2024, collecting a total of 2,107 questionnaires and finally obtaining 2,053 valid questionnaires. After analyzing and sorting out the questionnaires, some interesting "conclusions" were found.

Source:

https://www.techflowpost.com/article/detail_19815.html

Article author:

TechFlow


Viewpoint:

TechFlow: - The respondents showed obvious characteristics: mainly male, aged 26-35, and most of them had a bachelor's degree or above. - In the MBTI personality survey, IN (introverted intuitive) personality accounts for the majority. This type of personality is usually better at discovering trends, innovations and future development directions, and has a stronger strategic vision. - The track that respondents are most optimistic about and invest in is Bitcoin and its ecosystem, and most respondents are optimistic that the price of Bitcoin will exceed $100,000 to $150,000 and above in this cycle. - Spontaneous research and purchase are the most important factors affecting respondents' investment decisions. Twitter (X platform) has become the main way for respondents to obtain crypto market information and Alpha information, followed by various blockchain media. - In the survey of crypto VCs most recognized by respondents, a16z, Paradigm, and Binance Labs ranked in the top three according to the nominations of respondents. - In the competition among centralized exchanges in the Chinese community, Binance has outstanding competitive advantages: in terms of frequently used exchanges, exchanges with the largest crypto asset positions, exchanges that make the most money, and exchanges that mainly participate in new listings, Binance ranks first with a share of over 60%. In the question of "most frequently used centralized exchanges", the number of respondents who chose Binance reached an astonishing 96.72%, reflecting Binance's strong influence and user base in the Chinese crypto market. - Most respondents (69.61%) said that their preference for using a certain exchange would not be affected by regulatory factors, which also means that investors are gradually becoming desensitized to the regulatory behavior of various governments. - At a time when metaphysics is prevalent, 40.04% of the investors interviewed said that they had metaphysical behaviors such as praying for the blessing of the God of Wealth. - Among the crypto idols of the respondents, Bitcoin founder Satoshi Nakamoto, Ethereum founder Vitalik Buterin, SpaceX founder Elon Musk, and Binance founder CZ became the most mentioned figures. - Exchanges are the type of Web3 companies that respondents most want to work for. Most people believe that exchanges gather high-quality information resources and can get in touch with some wealth codes earlier. Among the centralized exchanges, Binance has the highest mention rate and is the company that respondents most want to work for. - Regarding whether to "make enough money and run away", most respondents have a negative attitude and regard Web3 as a belief. As for the question of "how much money can you make to lie down", more than two-thirds of the respondents believe that the total assets need to reach more than 10 million, and A8 is a wealth watershed. - Regarding the crypto assets that benefited the most, Bitcoin, ETH, Solana, BNB, and PEPE became the crypto assets mentioned most by respondents, which also seems to reflect the characteristics of this round of market cycles: there is only Beta, lack of Alpha, and a large number of Altcoin cannot outperform mainstream coins.

Content Sources

https://chainfeeds.substack.com

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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