Questions
1. Demographics
a. How old are you?
12 – 27 years old (Generation Z)
28 – 43 years old (Millennials)
44 – 59 years old (Generation X)
60 – 78 years old (Baby Boomers)
b. What is your gender?
Male
Female
Non-binary
Prefer not to say
c. What is your highest level of education?
Elementary Undergraduate
Elementary Graduate
High School Undergraduate
High School Graduate
College Undergraduate
College Graduate
d. What is your approximate annual household income?
₱0 - ₱10,000
₱10,001 - ₱25,000
₱25,001 - ₱50,000
₱50,001 - ₱75,000
₱75,001 - ₱100,000
₱100,000 and above
e. How long have you been investing?
Less than 1 year
1 - 3 years
3 - 5 years
5 - 10 years
10+ years
f. What is your risk tolerance level?
Conservative (low risk)
Moderately conservative (medium-low risk)
Moderate (medium risk)
Moderately aggressive (medium-high risk)
Aggressive (high risk)* Do you have any experience with the following types of
investments? (Check all that apply)
* [ ] Stocks
* [ ] Bonds
* [ ] Mutual funds
* [ ] Exchange-traded funds (ETFs)
* [ ] Real estate
* [ ] Options
* [ ] Cryptocurrencies
* [ ] Commodities
* [ ] Other (please specify)
2. Awareness And Knowledge Described
a. Are you familiar with cryptocurrencies e.g. Bitcoin, Ethereum?
Yes
No
b. Do you own cryptocurrency?
Yes
No
c. Which cryptocurrencies do you currently own or have owned in the past?
Bitcoin
Ethereum
Dogecoin
Shiba Inu
Cardano
Others, please specify:
d. How Often have you used cryptocurrencies?
Never
Once a year
Several times a year
Once a month
Several times a month
Several times a week
Several times a day
Construc Questions/ Statements Reference
t
Awarenes I have never heard of any digital currencies like Kumari et al.
s cryptocurrencies. 2023
I know basic details about cryptocurrencies.
I know what to do with cryptocurrencies
I am aware of and know how to use
cryptocurrencies.
3. Perceived value described
Construc Questions/ Statements Reference
t
Perceived Using cryptocurrency in trading helps me improve Adopted
Value the effectiveness, profitability, and investment of from
my money. Mahomed
I find that trading in cryptocurrencies can save (2017),
money as it allows me to invest it quickly and Faqih
inexpensively with lower transaction costs. (2016), Shim
Using cryptocurrency helps me improve my et al. (2001),
financial performance because I have total control Gupta et al.
over my money. (2020)
I feel satisfied with my cryptocurrency investment
decisions.
Investing in cryptocurrencies will increase
opportunities to achieve important goals for me.
Cryptocurrencies services (e.g. wallets and Adopted
exchanges) are reasonably priced. from
Cryptocurrencies services (e.g. wallets and Mahomed
exchanges) offer good value for money. (2017)
At the current price, using Cryptocurrencies and
related services provides good value.
Construc Questions/ Statements Reference
t
Perceived Investing in cryptocurrencies is risky. Adopted
Risk There is too much uncertainty associated with from Shim et
investing in cryptocurrencies al. (2001)
Compared with other currencies or investments,
cryptocurrencies are riskier.
Privacy I am worried about the security of the Adopted
cryptocurrency transactions on the Web. from Casalo
I am uncomfortable giving my credit card number et al. (2007)
and other personal information in the Web.
I am concerned over the security of personal
information on the Web.
4. Perceived risk described
5. Relationship between Awareness and Adoption of Cryptocurrency
Construct Question/ Statements Reference
Adoption How likely are you to invest in cryptocurrency this Adopted
year? from
I have plans to invest in cryptocurrencies in the Mahmed
future (2017),
There is a high probability I will invest in Faqih
cryptocurrency next time (2016), Shim
I will encourage others to invest in cryptocurrencies et al. (2001),
Gupta et al.
(2020)
Behavioura I intend to periodically use cryptocurrency. Adopted
l Intention from Davis
I want to use the services where I can pay by (1989) Lin
cryptocurrency. (2007)
I want to use cryptocurrency to buy for my use. Pavlou
I will strongly recommend investing in (2003)
cryptocurrency to others.
Casalo, L. V., Flavián, C., & Guinalíu, M. (2007). The role of security, privacy,
usability and reputation in the development of online banking. Online Information
Review, 31(5), 583-603.
Davis, F. D. 1989. Perceived usefulness, perceived ease of use, and user acceptance
of information technology. MIS quarterly, 13(3) 319–339.
Faqih, Khaled M. S. 2016. An empirical analysis of factors predicting the behavioral
intention to adopt Internet shopping technology among non-shoppers in a
developing country context: Does gender matter? Journal Retailing Consumer
Services 30: 140–64.
Gupta, Swati, Sanjay Gupta, Manjo Mathew, and Hanumantha Rao Sama. 2020.
Prioritizing intentions behind investment in cryptocurrency: A fuzzy analytical
framework. Journal of Economic Studies 48: 1442–59.
Lin, H. F. (2007). The impact of website quality dimensions on customer satisfaction
in the B2C e-commerce context. Total Quality Management and Business
Excellence, 18(4), 363-378
Mahomed, Nadim. 2017. Understanding Consumer adoption of cryptocurrencies.
Pretoria: University of Pretoria. - Bing. (n.d.). Bing. [Link]
q=Mahomed%2C+Nadim.
+2017.+Understanding+Consumer+Adoption+of+Cryptocurrencies.+Pretoria
%3A+University+of+Pretoria.&cvid=83a8ac86f3f24968a349e950447f0fc3&gs_lcrp
=EgZjaHJvbWUqBggAEEUYOzIGCAAQRRg70gEHMzgyajBqOagCBLACAQ&FORM=ANA
B01&PC=U531
Pavlou, P. A. (2003). Consumer acceptance of electronic commerce: Integrating trust
and risk with the technology acceptance model. International journal of electronic
commerce, 7(3), 101-134.
Shim, S., Eastlick, M. A., Lotz, S. L., & Warrington, P. (2001). An online prepurchase
intentions model: The role of intention to search: Best Overall Paper Award. Journal
of Scientific Research, 18(7), 1010-1022.