‘What You Said’ – Feb. 3, 2020

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Welcome to a new weekly blog series “What You Said” where we conduct fun polls to our community and share some of the most interesting sentiments!

You might already know that we have always been conducting polls in our daily newsletter. Now we decided to extend it to the blog! Hear what your peers have to say and also share your take.

Today’s Poll

What You Said in Last Week’s Polls

Here are some great responses from the other polls conducted last week :

“How much do you agree with this statement: “When Bitcoin (BTC) makes a sudden price movement, I tweet about it right away.”

– CoinMarketCap Daily Newsletter, 1/30/2020

The average response to the above question was 3.
45.8% of you voted a 1, and 16.7% of you voted a 10.
Here are some of your “whys” or “why nots”:

• “i do get very excited & check the twitter & coinmarketcap.” – Glad to know you check us out!
• “I have a twitter acct but NEVER tweet.” – You’re a lurker eh
• “I will tweet it more once it goes past 16 k thx” – Imma hold you to that
• No, maybe if I’m really happy or need public opinion, like China news last year. I try not to let my portfolio be known publicly via twitter, {In fact, if I can convince them I hold nothing I’ll be happy}. – Yeah, anonymity is really important. Why make yourself an unnecessary target?

How much do you agree with this statement: “When Bitcoin (BTC) makes a sudden price movement, I check crypto news sources right away”

– CoinMarketCap Daily Newsletter, 1/29/2020

The average response to the above question was 6.2.
15.1% of you voted a 1, and 33.3% of you voted a 10.
Here are some of our favourite responses:

• “Yup, that me. full 10. I always check Before I make move, it influences, my DCA strat, Or If I feel like making moves, I’ll move from cold storage to exchange and get some more coins by trading. {Although fees make that a risky business}” – Yeah, short term trading is tough w the fees.
• “Twitter because it’s instant and I get to see public apinyun.” – APINYUN hahahah  I spat out the water in my mouth as I read that…
• “i do.. first check coinmarketcap.. news source is twitter & some crypto specific news sites..” – Heh, glad to know you check us out first 
• “I sold all mine BTC for some altcoins so I don’t check the news. But when the crypto goes up what I have in my portfolio I always check what is the reason of it. And sometimes I can’t find why ” – I know what you mean and can totally relate . Some of us hold a bunch of alts too and sometimes one will pump 20+% for no reason at all! 

How much do you agree with this statement: “The future of Decentralized Finance (DeFi) is promising”

– CoinMarketCap Daily Newsletter, 1/27/2020

The average response to the above question was 8.
10% of you voted a 1, and 37.5% of you voted a 10.
Here are some of your “whys” or “why nots”:

• “So many different types of staking available, this literally has to only be the tip of the iceberg as DeFi is introduced to the masses. I’ve already been checking out what’s available now or to soon come. Gimme that extra trickle income!” – Yup! Can you imagine when we will be able to collateralize big ticket items? Space is gonna blow up! 
• “It has a bright beautiful future, during week, I did comparison, my DeFi outperforming traditional saving methods. Also, I trust DeFi more.” – Definitely! There is now no middle man so you can def expect greater returns!
• “Because the world is waking up to see the financial slavery that the government’s and their regulations are putting them… we starts thinking differently now and we are going to have our financial freedom through cryptocurrency “- Banks have had too much power for too long…
• “Too much debt everywhere for fiat currencies that are debt instruments and worthless. You could look at the chaos that the centralized authorities have caused on the planet NO THANKS ENOUGH” – There is definitely a greater appreciation for open source and transparency now than ever before.

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