A new survey reveals that fewer than half of cryptocurrency investors are optimistic about the market. We’re two months after the Bitcoin halving, so this shift in sentiment is big.
Post-halving depression
The Coingecko’s survey included 2,558 participants, and only 49.3%, less than the majority expressing a positive outlook on the crypto market.
The Bitcoin halving sparked enthusiasm, as always, but this has now almost gone, FUD, selloff, and declining prices are everywhere.
Of those surveyed, 26.1% are somewhat positive, while mere 23.2% are fully positive about the market’s future. That’s not a good rate.
Big portion of respondents, 25% remain neutral, and told they feel uncertainty about the market’s direction.
This neutrality is the second most common sentiment by the way, signaling many investors are waiting to see how the market changes. 25.2% of all participants are negative, split between 13.4% who are somewhat negative and 11.8% who are fully negative.
At least, the full positive sentiment is more than a double of the full negative sentiment.
Mood depends on what do you do in the crypto industry
The survey categorized participants into four groups, as investors, builders, traders, and spectators.
Investors are the most optimistic, with 54.1% feeling positive and only 20.7% negative.
Builders are also relatively positive, with 47.6% expressing optimism and 31.6% feeling pessimistic.
Traders are way more divided, with 39.0% feeling positive and 33.5% feeling negative.
This difference among traders likely reflects their focus on short-term price changes, making their outlook more volatile. And the current short term outlook is, you know, pretty bleak.
Be positive!
Spectators, the cheerleaders of the crypto community who typically don’t have direct involvement in the industry, are the most pessimistic group.
Only 28.5% are positive, while 42.4% are negative about the market.
This might be due to their lack of direct engagement in the crypto space. Not a big surprise feeling are mixed, and fear is lurking out there.
The survey was conducted with 2,558 crypto participants, the majority are from Europe, Asia, North America, and Africa. Among them, 69% identify as long-term investors, 18% as traders with shorter-term holdings, 7% as builders, and 6% as spectators.
