27% of England’s Male Millennials Say Bitcoin Better Investment Than Property

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Quote from: bohr on August 05, 2018, 10:23:20 PM

This is the truth, the market of real estate in big cities like London is terrible for a person that is just starting to save money and in fact many young millennials with bad jobs will never afford a house so it makes sense they look for other ways to invest their money and obtain profits and bitcoin seems like the natural place to invest, since the profits are great and it is easy for a millennials to understand its utility contrary to what happens with older people.

It is true that the property market is very expensive whereas I can buy bitcoin for $100, but you can get into that market through buying REITs shares for cheap as well.

Apart from that, what the article tells me is that millennials are more open minded regarding this issue than their parents’ generation.

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Quote from: cellard on July 01, 2018, 07:58:10 PM

It's most likely because they can't even afford property. Most millennial are stuck in low paying jobs that will simply never allow them to own property, or at least a property that's worth owning in order to rent it, because that is what makes it more interesting than Bitcoin, you can rent it and get some money monthly, and you could also live in it, with Bitcoin you can do nothing but hold it and see how it goes up long term, but has positives like 0 maintenance cost, it takes no physical space etc, so for millennial that live with parents it's an ideal asset in their portfolio. Actually I made a thread about this back then called "Young people should go all in on bitcoin". This was before the 20k run so I hope they did so.

This is the truth, the market of real estate in big cities like London is terrible for a person that is just starting to save money and in fact many young millennials with bad jobs will never afford a house so it makes sense they look for other ways to invest their money and obtain profits and bitcoin seems like the natural place to invest, since the profits are great and it is easy for a millennials to understand its utility contrary to what happens with older people.

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Quote from: avikz on July 01, 2018, 01:55:14 PM

It's a very good news for the crypto community in general. I have earlier also mentioned that the majority of the investable funds are locked in with the older mass who are conventional in nature. Also they don't want to take huge risk in their investment portfolio. However, the survey shows that the new generation is more comfortable with the crypto investment. The only issue is that they don't have much investable funds in hand.

However, once this mass will start working and earning money, we will be able to see a lot of funds coming into the crypto economy. That change is not visible now, but it will be more evident within next 3-5 years once this new generation people will join their workplace. A change is definitely coming, slowly but surely.

but I think that it can only be applied in developed countries because investment in property in the third world is more profitable besides its value is rapidly increasing but can be at the same time for housing, but maybe in the next ten years if the need for bitcoin currencies starts to be needed, people can imitate developed countries using cryptocurrency currency but I don't think it's for investment but tend to be in the interest of substituting currencies between countries.

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Quote from: cellard on August 05, 2018, 10:50:17 AM

Quote from: Theb on July 07, 2018, 03:54:59 PM

But still the other 73% chose property investments rather than Bitcoin as an investment, the article just made the poll look positive with how they presented the news. Yet I have to say that 27% is really a big fraction of todays millenials and with its price being more attainable compared to expensive and limited real property I think that the millenoals will lean on cryptocurrency investing to get rich. Yes Bitcoin is also limited but it can still be purchase on its decimal value which I think is more preferable for millenials as they can have Bitcoin at a much cheaper price compared to buying a piece of land.

It's very positive to me... 27% is a pretty high percentage all things considered. You have to take some perspective and realize how Bitcoin is still only 10 years old, and you are putting it to compete against the concept of private property which is I don't even know how many years old, probably thousands? so 27% 10 years later after it exists it's pretty huge. What will it be in 10 years? again have some perspective.

Most smart people want Bitcoin because they realized it's the only thing they can ever claim to truly own, given the fact that everything else is subjected to the constant risk of confiscation by the State, may they screw up on their operation, and on a long enough timeline all governments screw up and you don't want to be holding things that can be confiscated when things go south.

We can just hold Bitcoin and pick up some cheap houses when the housing bubbling and bursts with just fractions of a BTC.

On that short span of time we can really consider that percentage to be high if we do compare it into traditional investment trust and to add up on the factor that news will easily be widespread due to internet that do really helps up for young minds to know which thing is trending and can see out opportunities by themselves and presuming that this would be a better option than into those traditional things.
For those who are on the other side then they are just simply looking at the security why they haven't decide to engage with Bitcoin.

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Quote from: Theb on July 07, 2018, 03:54:59 PM

But still the other 73% chose property investments rather than Bitcoin as an investment, the article just made the poll look positive with how they presented the news. Yet I have to say that 27% is really a big fraction of todays millenials and with its price being more attainable compared to expensive and limited real property I think that the millenoals will lean on cryptocurrency investing to get rich. Yes Bitcoin is also limited but it can still be purchase on its decimal value which I think is more preferable for millenials as they can have Bitcoin at a much cheaper price compared to buying a piece of land.

It's very positive to me... 27% is a pretty high percentage all things considered. You have to take some perspective and realize how Bitcoin is still only 10 years old, and you are putting it to compete against the concept of private property which is I don't even know how many years old, probably thousands? so 27% 10 years later after it exists it's pretty huge. What will it be in 10 years? again have some perspective.

Most smart people want Bitcoin because they realized it's the only thing they can ever claim to truly own, given the fact that everything else is subjected to the constant risk of confiscation by the State, may they screw up on their operation, and on a long enough timeline all governments screw up and you don't want to be holding things that can be confiscated when things go south.

We can just hold Bitcoin and pick up some cheap houses when the housing bubbling and bursts with just fractions of a BTC.

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If England did it, why not in other country this is a good start to introduce crypto currency to most of the students who work alone while college. In fact this is a good opportunity for the teens who wants to double their money while working and while investing.
But i guess they did not know the opportunity and value a real state compare to crypto currency.

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Quote from: bryant.coleman on July 08, 2018, 08:03:27 AM

I wonder when this survey was taken. If it was taken during the last few months of 2017, then we need to remember that Bitcoin was close to the peak price of $20,000 per coin and by that time it had given returns of 20x in 12 months. The figure would be obviously lower, if the survey is taken now.

The fact is bitcoin as risky investment can't be better than property.
Let's from value side, property value keep increase over 5 and 10 years meanwhile bitcoin still unknown because it's still young !
So it's difficult for people to entrust their wealth into cryptocurrency for next 5 or 10 years

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I wonder when this survey was taken. If it was taken during the last few months of 2017, then we need to remember that Bitcoin was close to the peak price of $20,000 per coin and by that time it had given returns of 20x in 12 months. The figure would be obviously lower, if the survey is taken now.

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But still the other 73% chose property investments rather than Bitcoin as an investment, the article just made the poll look positive with how they presented the news. Yet I have to say that 27% is really a big fraction of todays millenials and with its price being more attainable compared to expensive and limited real property I think that the millenoals will lean on cryptocurrency investing to get rich. Yes Bitcoin is also limited but it can still be purchase on its decimal value which I think is more preferable for millenials as they can have Bitcoin at a much cheaper price compared to buying a piece of land.

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While it is true that the cryptocurrency world is fluid and easily entered, it must be borne in mind that because of security risks the country is tightening the noose around cryptocurrency activities. This is to dissuade anyone, especially terrorists and related groups from moving large sums via crypto. It is however true that the relative profit margin for margin between crypto and property is higher for crypto.

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Very brilliant and interesting news has come to us that 27% of England's male millennials say bitcoin better investment then property. Hoping so the future of crypto currency is bright and secure on how the millennial is accepting as well as adapting this new technology.

Kingofbitcoin12345

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I’m concerned on the part that they’re using student loan debt to invest in cryptocurrency and that is somewhat alarming in my opinion.. We always discourage anyone that don’t used or buy any coin in a way of credit because the risk of this investment is higher..

The future of cryptocurrency is secure on how the millennial is accepting or adapting this new technology and hope they must be more knowledgeable as the time passes.. I’m hoping for the best for all..

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The opportunity is where there aren't many people exploring that same thing. Bitcoin has appeared as a powerful investment, and many people came to it expecting the best. But it's not possible to say if it will last when everyone starts doing the same thing, buying/investing in BTC and waiting for financial returns. After all Bitcoin is a currency, and at some point it might not be the most advisable investment.

The "Millennials" act for impulse, better to think twice before leaving traditional investments like properties. This is the kind of investment that should never be left aside.

rehydrogenated

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We live in a weird time where people consider property to be a profitable investment. Property should at most maintain its value with a very small gain based on increasing population. Real estate shouldn't have the 10%-20% gains every year we have been seeing in major cities worldwide. People used to see owning a house as an inflation hedge. A way to store there money that would keep up with the government's printing of money. It's this false thinking about property values that caused the 2008 financial collapse and we will see the same thing happen again as millennials get priced out of the housing market and eventually prices fall.

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Quote from: deadsilent on July 04, 2018, 06:25:46 PM

Indeed, many people became successful on this career. Bitcoin is an effective and
good investment. One thing an investor is facing when it comes on investing on this
kind of stuff. The risk of losing. But anyway, on any kind of investments there's a risk also.
It's the same risk we take when investing on cryptocurrencies. Just cryptocurrency is way
more riskier than investing on properties. But the reward is way more satisfying when you
gain profits. So yeah, i agree to England millennials. Glad to see people from England are very
optimistic about cryptocurrencies.

When it comes to rewards then theres no doubt that crypto can really give that kind of thing which this is the thing why most people do easily get interested on this one even on its risk they do still decide to continue.
Any optimism with bitcoin is always been good but we should do our own research before diving into things so that it wont hurt you out too much.
Millennial's will normally be attracted into techy stuffs and trendy ones.

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Quote from: Tigorss on July 05, 2018, 02:14:41 AM

Quote from: cellard on July 01, 2018, 07:58:10 PM

It's most likely because they can't even afford property. Most millennial are stuck in low paying jobs that will simply never allow them to own property, or at least a property that's worth owning in order to rent it, because that is what makes it more interesting than Bitcoin, you can rent it and get some money monthly, and you could also live in it, with Bitcoin you can do nothing but hold it and see how it goes up long term, but has positives like 0 maintenance cost, it takes no physical space etc, so for millennial that live with parents it's an ideal asset in their portfolio. Actually I made a thread about this back then called "Young people should go all in on bitcoin". This was before the 20k run so I hope they did so.

The risk of Bitcoin investment fraud is not a figment. Quite a few cases of fraud on behalf of Bitcoin. This happens because the popularity of Bitcoin increasingly uphill.

Correct, even people know bitcoin is highly volatile but they still invest on it because of profit. It is also trusted to all people and now there's a ton of people keep holding bitcoin because of they trust this cryptocurrency and keep into their respective wallet.
And they believed that time to time bitcoin will make more expensive more than gold price movement.

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Quote from: cellard on July 01, 2018, 07:58:10 PM

It's most likely because they can't even afford property. Most millennial are stuck in low paying jobs that will simply never allow them to own property, or at least a property that's worth owning in order to rent it, because that is what makes it more interesting than Bitcoin, you can rent it and get some money monthly, and you could also live in it, with Bitcoin you can do nothing but hold it and see how it goes up long term, but has positives like 0 maintenance cost, it takes no physical space etc, so for millennial that live with parents it's an ideal asset in their portfolio. Actually I made a thread about this back then called "Young people should go all in on bitcoin". This was before the 20k run so I hope they did so.

The risk of Bitcoin investment fraud is not a figment. Quite a few cases of fraud on behalf of Bitcoin. This happens because the popularity of Bitcoin increasingly uphill.

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Indeed, many people became successful on this career. Bitcoin is an effective and
good investment. One thing an investor is facing when it comes on investing on this
kind of stuff. The risk of losing. But anyway, on any kind of investments there's a risk also.
It's the same risk we take when investing on cryptocurrencies. Just cryptocurrency is way
more riskier than investing on properties. But the reward is way more satisfying when you
gain profits. So yeah, i agree to England millennials. Glad to see people from England are very
optimistic about cryptocurrencies.

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Quote from: jseverson on July 02, 2018, 08:02:38 AM

Quote from: cellard on July 01, 2018, 07:58:10 PM

It's most likely because they can't even afford property.

Lol this was my thought exactly. They may only consider Bitcoin to be better because it's infinitely more accessible all the while having a chance to yield much better returns, in which case I agree. If you have enough to comfortably invest on good England real estate though, it's likely smarter to invest in it.

Quote from: Jonytic on July 01, 2018, 12:30:30 AM

The survey “found that 21.2 percent of current college students with student loan debt have used financial aid money to fund a cryptocurrency investment.”

Reading this made me physically cringe. I hope this turns out well for them, but man are they playing with fire.

Having the same thoughts and same thing goes to my mind which those persons wont really have the capacity to make property investment on their current situation and its normal for them to look out a better and more cheaper which is only possible with crypto but already coming to a point where 21% of them do make or took a student loan for the sake of investment and as you said they are really playing with fire. They might lose up those money and would get stressed out on their first experienced either they would learn or turn their back into it.

Topic: 27% of England’s Male Millennials Say Bitcoin Better Investment Than Property (Read 283 times)