Thursday, February 25, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Overbit survey of 2,500+ crypto traders reveals key influences and patterns that

9 months ago
in Cryptos
2 min read
Overbit survey of 2,500+ crypto traders reveals key influences and patterns that
Share on FacebookShare on Twitter


Overbit.com, a leading Bitcoin derivatives trading platform, has conducted one of the most revealing surveys yet into crypto traders and the factors that influence their trading decisions. From a sample of more than 2,500 crypto traders from 90 countries, the leveraged trading platform was able to draw some interesting conclusions.

Overbit allows its users to trade cryptos, forex, and commodities using bitcoin without taking delivery of the assets. The company wanted to understand traders’ behavioral patterns and the motivational factors behind their trading-related decisions. To that end, from March 17 to March 31, 2020, it conducted a two-week online survey.

Trader background and preferences

The survey looked at three main categories including trader background, preferences, and behavioral patterns. When it comes to background, Overbit found that most traders fall within the age group of 35 to 44. 73% of traders have at least one year’s experience of trading in cryptos.

CEO and founder of Overbit Chieh Liu commented, “We found that higher education is not a prerequisite for success. Some 57% of novice traders have obtained their high school education only. This means that trading is still anyone’s game.”

Overbit also looked at several trader preferences including the key criteria for choosing an exchange, how many exchanges traders typically use, what devices they prefer to trade on, and the type of assets they trade.

The survey revealed that traders typically use an average of three exchanges for their trading needs. Security, deposit/withdraw speed, and server connection are among the top criteria when choosing an exchange.

“These criteria were very clear across all types of traders when it comes to choosing an exchange,” Liu said. “However, with pro-traders, whether an exchange is regulated or not is also high on the list, most likely as they are trading in large amounts either for themselves or on behalf of clients.”

While many novice and mid-tier traders favored mobile apps when trading, the desktops still reigned supreme as the first choice of device, likely due to the sophisticated trading tools and bots that can only run on big screens.

53% of crypto traders only engage in spot trading, while 47% also trade in crypto derivatives including futures, options, swaps, forwards, and contract for difference (CFD).

Trader behavioral patterns 

The last section of the survey attempted to gauge when traders are most active and the assets they prefer to trade. Overbit found that novice and pro traders trade the least, while mid-tier and advanced are the most active.

Liu stated, “Our hypothesis was that pro-traders should be more active during the day, however, the data revealed the opposite. This could suggest that they prefer quality trades over quantity. We also found that, while there was an overwhelming preference for bitcoin across all groups at 83%, advanced and professional traders…



Read more:Overbit survey of 2,500+ crypto traders reveals key influences and patterns that

Related articles

https://phillystylemag.com/Crypto Fashion Week 2021 Welcomes The Future With

https://phillystylemag.com/Crypto Fashion Week 2021 Welcomes The Future With

February 25, 2021
Building a Bitcoin-based business – Travala’s crypto-transactions journey

Building a Bitcoin-based business – Travala’s crypto-transactions journey

February 24, 2021
Tags: bitcoin news todayCryptoinfluenceskeyOverbitpatternsRevealssurveytraders

Related Posts

https://phillystylemag.com/Crypto Fashion Week 2021 Welcomes The Future With

https://phillystylemag.com/Crypto Fashion Week 2021 Welcomes The Future With

by Bitcoin Market
February 25, 2021
0

You’ve heard of cryptocurrency, artificial intelligence and virtual reality, but how about crypto fashion? Step into the avant-garde metaverse...

Building a Bitcoin-based business – Travala’s crypto-transactions journey

Building a Bitcoin-based business – Travala’s crypto-transactions journey

by Bitcoin Market
February 24, 2021
0

(Pixabay) The travel industry suffered through its worst year on record in 2020, with the U.S. Travel Association calculating...

Square buys $170 million more in bitcoin to boost crypto holdings

Square buys $170 million more in bitcoin to boost crypto holdings

by Bitcoin Market
February 23, 2021
0

Square (SQ) announced Tuesday it bought $170 million worth of bitcoin to add to its expanding position.The new purchase...

Bitcoin dips below $48,000 as nearly $6 billion in crypto futures are liquidated

Bitcoin dips below $48,000 as nearly $6 billion in crypto futures are liquidated

by Bitcoin Market
February 23, 2021
0

The price of bitcoin has dipped below $48,000 from nearly $57,500 on Monday as derivatives positions worth almost $6...

Can crypto be taxed like gold? Is regulation the real threat to bitcoin’s $1 trillion

Can crypto be taxed like gold? Is regulation the real threat to bitcoin’s $1 trillion

by Bitcoin Market
February 22, 2021
0

(Kitco News) As bitcoin continues to surprise with new milestones almost daily, are U.S. officials signaling that more regulation...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Bitcoin boom backstopped by central banks’ easy-money policies

Bitcoin boom backstopped by central banks’ easy-money policies

February 4, 2021
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
Argo Blockchain reports earnings and revenue surge in first half as Bitcoin mining

Argo Blockchain reports earnings and revenue surge in first half as Bitcoin mining

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Argo Blockchain reports earnings and revenue surge in first half as Bitcoin mining

Argo Blockchain reports earnings and revenue surge in first half as Bitcoin mining

February 25, 2021
Bitcoin: What its history reveals about its future | DW | 24.02.2021

Bitcoin: What its history reveals about its future | DW | 24.02.2021

February 25, 2021
Charlie Munger on Bitcoin: ‘buy the unspeakable’

Charlie Munger on Bitcoin: ‘buy the unspeakable’

February 25, 2021
Dogecoin jumps 25% after a one-word Elon Musk tweet about the red-hot cryptocurrency

Dogecoin jumps 25% after a one-word Elon Musk tweet about the red-hot cryptocurrency

February 25, 2021
Bitcoin’s 2021 rally is minting thousands of crypto ‘diamond hands’ millionaires

Bitcoin’s 2021 rally is minting thousands of crypto ‘diamond hands’ millionaires

February 25, 2021
Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 Coins,

Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 Coins,

February 25, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$50,877.002.90%
  • bitcoin-cashBitcoin Cash(BCH)$543.494.17%
  • binance-coinBinance Coin(BNB)$262.2314.63%
  • bitcoin-goldBitcoin Gold(BTG)$28.60-3.01%
  • bitcoin-privateBitcoin Private(BTCP)$0.8132.30%
  • blocktixBlocktix(TIX)$0.0200.00%