Bitcoin and Different Cryptocurrencies in Our Lives: ForkLog Readers Ballot Outcomes

Bitcoin and Other Cryptocurrencies in Our Lives: ForkLog Readers Poll Results

A number of weeks in the past, ForkLog launched a readers ballot, with 1,038 customers taking part. Our editorial board has summarized the readers’ solutions, so that everybody might resolve for themselves as to the diploma of cryptocurrency integration in our lives.


Majority of our respondents, nearly 90 per cent, reside in Russia and in Ukraine. These dwelling in Belarus or Kazakhstan are on par at three.6%, whereas solely four.9% of our readers reside in different international locations.


In Russia, majority of ForkLog readers reside in Moscow or Saint Petersburg, although there’s a vital share of these residing in Yekaterinburg, Krasnodar, Krasnoyarsk, Novosibirsk, Sochi and different Russian cities.

In Ukraine, Kyiv takes the lead, adopted by Odessa, Dnipro, Kharkiv, Lviv, and Ternopil. Mykolaiv, Kherson and another Ukrainian cities proved to be much less lively.

The record of cities exhibits that ‘someplace else’ is certainly almost anyplace all over the world: ForkLog readers had been present in Austria, the Baltic States, Canada, France, Georgia, Germany, Moldova, the USA, Uzbekistan, and even Vietnam.

What’s Bitcoin?

Almost all our readers perceive what bitcoin is, with greater than a half of them being fairly savvy.


Solely zero.four% of these surveyed said that they’d by no means heard of Bitcoin earlier than. Fairly in all probability, some readers answered that method as a joke, however, simply in case, subsequent time we’ll ask them extra query: How come you take part in such a ballot then?


Previous to diving into the funding part, it’s price noting that just about two thirds of these surveyed (65.9 per cent) estimate their revenue as common or above common (subsequently, each third of these surveyed considers their revenue beneath common). We might solely hope that the remainder of our readers (2.1 per cent) who had chosen Different estimate their revenue as excessive above common.


We indifferent mining, cryptotrading, accumulation of foreign money, and participation in ICOs as essential methods of funding in cryptoeconomy.

Greater than a half of these surveyed (54.9 per cent) have been concerned in mining at a while, with half of them nonetheless being concerned in mining.


Some abandon mining as a result of a loss within the race of arms, or some detrimental expertise in mining dangerous altcoins. Nonetheless, eight.1 per cent are planning to enter the trade, contemplating mining an extra (and even essential) supply of revenue.


Almost each second of these surveyed is concerned in cryptotrading. Contemplating the earlier chart, there’s one miner for 2 cryptotraders. Nonetheless, three.6 per cent of these surveyed chosen ‘different.’


Solely 18.7 per cent of these surveyed said they’d no bitcoin financial savings. Nonetheless, these contemplating bitcoin as the principle technique of saving cash are third lower than those that put money into it reasonably. Notably, there are extra bitcoin buyers than those that consider their revenue is common or above common. Subsequently, no less than each third of these estimating their income as beneath common nonetheless invests in bitcoin not directly.


As for ICOs, this type of funding will not be too common to this point. There are 3 times as a lot cryptotraders than these taking part in an ICO. Nonetheless, there are twice as a lot of these planning to take part in an ICO than those that plan to interact in mining. In all probability, this has one thing to do with decrease entry funding, in addition to with the potential for investing in initiatives that don’t have anything to do with mining.


Almost a half of these surveyed (25.three per cent) use Contemplating that a variety of current failures of the service precipitated some customers emigrate, one might assume that just about each third cryptocurrency consumer was utilizing till not too long ago. There are 7.four per cent of these utilizing Bitcoin Pockets, and almost the identical quantity (7.eight per cent) preferring Bitcoin Core, adopted by Electrum, Mycelium, Jaxx, Xapo, Coinbase, Copay, Bitxfy and Cryptonator.

Pockets identify — Share, %

  • BlockchainInfo — 25,three
  • Bitcoin Core — 7,eight
  • Bitcoin pockets — 7,four
  • Electrum — 5,2
  • Mycelium — three,9
  • Jaxx — three,2
  • Coinbase — three,2
  • Xapo — three
  • Copay — 1,7
  • Bitxfy — zero,eight
  • Cryptonator — zero,eight

and paper wallets have garnered 2.6 per cent of votes, whereas three.9 per cent of these surveyed desire change accounts. One and a half per cent of these surveyed desire another pockets, whereas eight.four per cent don’t have a pockets in any respect.

17.6 per cent of members named altcoin wallets (i.e. they think about an altcoin pockets their primary one.)


Two thirds of these surveyed have been utilizing bitcoin for funds, with one third making bitcoin funds frequently.

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