After the last survey, I made in April earlier this year, I wanted to make another one that reflects a greater percentage of the community. Unfortunately, the community has grown tremendously since the last survey and it made it significantly harder to do. This time just under 1% of the sub took it (versus almost 2% last time), but those are almost 800 people which is also quite a lot.
The last survey was just before we took off from 90$. Had I reviewed the results during the following bull run, I would have known things that now seem obvious, like the price action; A bit more than 40% of the people said the price in a few years would be somewhere between 200$ and 500$. So, one could infer that if we surged to that territory, a massive profit taking would occur.
I chose the time of this survey, based on two factors; one, I was traveling up until two weeks ago, secondly, I felt like the price was relatively stable and the atmosphere in the sub was almost neutral – perfect time to ask for price predictions and other questions that may have been affected by a biased mood.
This survey included 3 parts; one was demographics, second was to see the respondent’s knowledge on the tech (according to them). The last part was price action, staking and general questions about Ethereum.
I posted it on the daily thread in different times and days to get as many people from different time zones and ages as I can.
To process some of the data, I used local averages to help me calculate some figures like price, average time in crypto, DCA and more. I.E, I assigned the value 1250$ to the group that said they estimate eth to be between 1000$ and 1500$, which is probably close to the real average price that group would have picked, had I given them a more precise range to choose from.
Also, I omitted some of the groups when making my graphs. That is because some of the groups contained only 1-4 people, and I felt like some of them are trolls upon checking their individual surveys. When I omitted a group, I stated it near the graph.
I will start with the raw data and will proceed to elaborate on some interesting finds.
So, let’s dive into the data.
Data
Demographics
The average ethtrader is a 29-year-old man from north America (surprise surprise).
• 49% are from north America
• 38.4% are European
• 5.5% are from Oceania
• 4.7% are Asian
• 1.5% are south American
• 0.8% are African
Let’s talk about age and gender:
• 58.5% (!) are 20-30 years old
• 26.8% are 30-40 years old
• 6.6% are less than 20 years old
• 6.6% are 40-50 years old
• 1% are 50-60 years old
• And 3 people who represent 0.4% have wisdom of more than 60 years
96% etherians are men, a mere 4% are women.
Whats your opinion about it let me know by commenting Below .
Thanks
Satnam singh
@virk1313