chrisbizplanner
Contributor
Cryptocurrency Investor Sentiment Index Report – April
One expects overall investor sentiment regarding Bitcoin and other cryptocurrencies to be pessimistic based on their woeful performance in the first quarter of 2018. The surprising thing is that Huobi Academy of Blockchain painted an exciting picture that showed, all hope is not lost. According to their information, overall sentiment remains somewhat optimistic.
Huobi Academy of Blockchain Application (a subsidiary of Huobi Global) conducted a questionnaire among cryptocurrency investors across different countries via its’ communication outlets for April 2018. This exercise is carried-out every month which is followed closely by the market. It is a questionnaire sent out to almost 2,000 cryptocurrency investors. For April’s research, both individual investors and investment firms participated in the questionnaire. The professional investment firms who participated were all Huobi Supernodes. The questionnaires were distributed between April 25 to April 30 to the cryptocurrency investors from 23 countries, including the United States, China, Japan, South Korea, and Singapore. A total 1974 questionnaires were collected as being valid.
The questionnaire Sentiment Index is based on three questions. The questions are determined to get respondents thoughts on short-term (one month period), medium-term ( 6 months period) and long-term views (three years period) of the cryptocurrency market. The sentiment scores range from 0 to 100 with 50 being the number of points where respondents believe the market cap will remain neutral.
The overall composite investor sentiment index in April scored 83.9, with an MoM increase of 17.0%. The short-term investor sentiment index scored 75.9, with an MoM increase of 24.2%.
The mid-term sentiment index scored 88.4, with a MoM increase of 15.7%.
The long-term sentiment index scored 94.0, with a MoM increase of 7.5%.
For more details of the study report, please refer to this link: 【April】The composite investor sentiment index in April increased 17.0%-
The first question was: “ How do you expect the total cryptocurrency market cap to change in the next month?” Respondents could choose between 5 levels of changes, ranging from a substantial increase to slump and three levels in between.
The outcome in the screenshot above shows that 50.4% of respondents expect substantial short-term increases in the overall market cap. And 30.6% of respondents believe in a little increase. The majority of respondents (81%) are short-term bullish on a market capitalization increase. Only 11.4% of respondents expect a decline in market cap.
See the screenshot below:
The second question: “ How do you expect the total cryptocurrency market cap to change in the next half-year? “,
Has a similar five answer options, starting from a substantial increase in a slump. This question has even more investors bullish on the market cap. 71.4% believe it’ll increase substantially in the next six months, and an additional 18.6% of respondents think it’ll increase slightly, making a total of 90% of respondents bullish on the mid-term sentiment index. 5.8% of respondents believe a bearish sentiment will arise.
Below is the screenshot:
The third and last question “ How do you expect the cryptocurrency market cap to vary within the next three years?”.
Again has the same answer options that range from a substantial increase to slump. Long-term sentiment has more respondents within the considerable increase category, a staggering 84.1% and 8.6% ticked the slightly increase box. A total of 92.7% is bullish, 3.9% bearish, and 3.4% neutral.
See the screenshot below:
If you want to download the Huobi Cryptocurrency Investor Sentiment Index Report for April 2018, click this: https://blog.huobi.pro/hc/en-us/art...ncy_Investor_Sentiment_Index_Report-April.pdf
All questionnaires usually are distributed and collected through WeChat subscriptions, Weibo, E-mail, Twitter, telegram and other foreign and domestic channels, and the identity of the respondents cannot be verified. We expanded the scope to get across people from different countries; biased sampling cannot be entirely ruled out.
If you have a different view on this report, you can email us at huobiresearch@huobi.com
One expects overall investor sentiment regarding Bitcoin and other cryptocurrencies to be pessimistic based on their woeful performance in the first quarter of 2018. The surprising thing is that Huobi Academy of Blockchain painted an exciting picture that showed, all hope is not lost. According to their information, overall sentiment remains somewhat optimistic.
Huobi Academy of Blockchain Application (a subsidiary of Huobi Global) conducted a questionnaire among cryptocurrency investors across different countries via its’ communication outlets for April 2018. This exercise is carried-out every month which is followed closely by the market. It is a questionnaire sent out to almost 2,000 cryptocurrency investors. For April’s research, both individual investors and investment firms participated in the questionnaire. The professional investment firms who participated were all Huobi Supernodes. The questionnaires were distributed between April 25 to April 30 to the cryptocurrency investors from 23 countries, including the United States, China, Japan, South Korea, and Singapore. A total 1974 questionnaires were collected as being valid.
The questionnaire Sentiment Index is based on three questions. The questions are determined to get respondents thoughts on short-term (one month period), medium-term ( 6 months period) and long-term views (three years period) of the cryptocurrency market. The sentiment scores range from 0 to 100 with 50 being the number of points where respondents believe the market cap will remain neutral.
The overall composite investor sentiment index in April scored 83.9, with an MoM increase of 17.0%. The short-term investor sentiment index scored 75.9, with an MoM increase of 24.2%.
The mid-term sentiment index scored 88.4, with a MoM increase of 15.7%.
The long-term sentiment index scored 94.0, with a MoM increase of 7.5%.
For more details of the study report, please refer to this link: 【April】The composite investor sentiment index in April increased 17.0%-
The first question was: “ How do you expect the total cryptocurrency market cap to change in the next month?” Respondents could choose between 5 levels of changes, ranging from a substantial increase to slump and three levels in between.
The outcome in the screenshot above shows that 50.4% of respondents expect substantial short-term increases in the overall market cap. And 30.6% of respondents believe in a little increase. The majority of respondents (81%) are short-term bullish on a market capitalization increase. Only 11.4% of respondents expect a decline in market cap.
See the screenshot below:
The second question: “ How do you expect the total cryptocurrency market cap to change in the next half-year? “,
Has a similar five answer options, starting from a substantial increase in a slump. This question has even more investors bullish on the market cap. 71.4% believe it’ll increase substantially in the next six months, and an additional 18.6% of respondents think it’ll increase slightly, making a total of 90% of respondents bullish on the mid-term sentiment index. 5.8% of respondents believe a bearish sentiment will arise.
Below is the screenshot:
The third and last question “ How do you expect the cryptocurrency market cap to vary within the next three years?”.
Again has the same answer options that range from a substantial increase to slump. Long-term sentiment has more respondents within the considerable increase category, a staggering 84.1% and 8.6% ticked the slightly increase box. A total of 92.7% is bullish, 3.9% bearish, and 3.4% neutral.
See the screenshot below:
If you want to download the Huobi Cryptocurrency Investor Sentiment Index Report for April 2018, click this: https://blog.huobi.pro/hc/en-us/art...ncy_Investor_Sentiment_Index_Report-April.pdf
All questionnaires usually are distributed and collected through WeChat subscriptions, Weibo, E-mail, Twitter, telegram and other foreign and domestic channels, and the identity of the respondents cannot be verified. We expanded the scope to get across people from different countries; biased sampling cannot be entirely ruled out.
If you have a different view on this report, you can email us at huobiresearch@huobi.com
