Houbi, a crypto survey on trader sentiment
Crypto

Houbi, a crypto survey on trader sentiment

By Simona Naldi - 8 Aug 2018

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The exchange conducted a crypto survey on a significant number of traders to find out their opinion on the future of the market.

Huobi conducts regular market sentiment surveys about the future expectations of operators with regard to cryptocurrency prices.

The last analysis collected 891 questionnaires distributed over 23 countries and completed between 29 and 31 July. It was shared through social media in an area ranging from the Far East to the Americas and Europe.

Given 100 as the maximum optimism value and zero as the highest pessimism value, the overall voting index, weighted in the short, medium and long-term, is equal to 75.6 points, with an increase of 8.8% compared to June 2018.

The average short-term index is 67.4%, with an increase of 15.1%; the medium-term index is 78.7, with an increase of 8%, while the long-term index is 88.8 points, with an increase of 1.4%.

The results show that, while short-term prospects change, long-term prospects remain firmly positive.

The report also provides the distribution of opinions among the different alternatives, depending on the time frames considered. Let’s start with the short term:

Most investors show a moderately optimistic outlook, at least in the short term, i.e. over the next thirty days. Obviously, it is the expectations of the operators, not a scientific forecast, which is influenced both by the experiences of the previous period and by when the questions were asked.

Just in the second half of July, there was a cryptocurrency rally that may have influenced short-term expectations.

Let’s see the medium-term forecasts:

Medium-term forecasts predominate far above expectations with a significant increase of more than 30% in cryptocurrencies. Optimism exceeds 80%, against just over 10% who are expecting a downturn.

The long-term is the profile that is least affected by changes in expectations:

In this case, too, optimism is prevalent, with 90% expecting an increase in the next three years and 75.65% expecting an increase of more than 30%. Expectations remain positive in the long term, without major changes.

Huobi also analyzes the data geographically, breaking it down into China and the rest of the world. In this case, China appears more optimistic in the short term and less optimistic in the medium term, with a substantial similarity between the long-term expectations.

In this case, general economic prospects could weigh heavily, also in view of the stock markets that have recently been penalized in China.

 

Simona Naldi
Simona Naldi

Graduated in sciences, blogger, English-language book editor, public relations for book authors.

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