How cryptocurrency trading have helped the youth. - page 6.

BitTraderCute

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Quote from: zanezane on September 05, 2021, 07:07:02 AM

I am one of those youths and now, I am proud to say that I am somewhat financially dependent in college because I am making money out of trading crypto and hodling some with the potential to go up in prices.

congrats for your achievement in financial, now its proven anyone could make money by trading in finance market as long as we have will, faith and spirit to learn everything. crypto market and other market provide us huge opportunity to growth and have financial freedom by earning money in trading. alot youth in my circles have everything they want that so far only be their dream.

Quote from: Rigon on September 05, 2021, 10:53:29 AM

If you can understand cryptocurrency trading then you can definitely get something good out of it. It is often seen to buy and trade good coins from cryptocurrency trading platforms If you can, you can make a good profit. Even if you can do futures trading, your profit will come, but there must be maximum risks and maximum acquaintance. Otherwise you will not be able to trade futures.

before start futures trade better improve our trading skill and quality in spot trade, make sure every posiiton have bigger possibility to earn profits. after we could consistant with it , maybe start with small amount in futures trader better for us.

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Quote from: Silberman on September 06, 2021, 05:24:49 PM

Quote from: cabron on September 03, 2021, 11:34:55 PM

Probably less than 20% of the youth/teenager will engage in crypto trading unless they are really interested in doing so. The ones that they are gonna be more interested in the play-to-earn games in the crypto like the Axie.

If they do however learn to trade, it's good to start young. A teen today who learns trading may really become very proficient when he is in his 20s. The long you get in the industry to better you become.

It is widely known that the soonest you begin to save the more beneficial is to you and the earlier you get to retire, if at the same time you become a trader and you are good enough then this could be life-changing , the issue is that when people are so young they are impulsive and they do not have control of their emotions so trading can be incredibly challenging for people that young and they could end up damaging their future economic prospects instead of improving them.

No one starts on being a pro and its just normal for those times on where you do become impulsive no matter how old or young you are and its just normal when you are in first time experience or dealing up with something.

Its really an opportunity if you do started up early and make yourself sustainable which would really be an advantage and make yourself ahead of others when it comes to financial aspect.
It does help but also you should mind off about the risk too.

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Quote from: cabron on September 03, 2021, 11:34:55 PM

Probably less than 20% of the youth/teenager will engage in crypto trading unless they are really interested in doing so. The ones that they are gonna be more interested in the play-to-earn games in the crypto like the Axie.

If they do however learn to trade, it's good to start young. A teen today who learns trading may really become very proficient when he is in his 20s. The long you get in the industry to better you become.

It is widely known that the soonest you begin to save the more beneficial is to you and the earlier you get to retire, if at the same time you become a trader and you are good enough then this could be life-changing , the issue is that when people are so young they are impulsive and they do not have control of their emotions so trading can be incredibly challenging for people that young and they could end up damaging their future economic prospects instead of improving them.

UmerIdrees

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Quote from: CryptopreneurBrainboss on September 05, 2021, 06:27:25 AM

Quote from: decodx on August 31, 2021, 06:13:58 PM

Yes, holding is the best alternative for trading, but the problem is that holding does not guarantee profit either, since a lot of things can happen that affect your investment.

Still that doesn't mean trading is a better option. 99% of the youth in the industry assuming they just invested instead of initially wanted to gain in the shortest widow possible through trading would had been better off then where they're today. While there's profits if the market if you can understand it then outsmart it but still those profits can't be compared to what is to come out form hodling.

Many youths are missing out in the profits the industry holds because they bought into the idea of trading. So far holding has been the only constant profitable strategy in the industry when it comes to investing in Bitcoin. Some altcoins has also followed in the fullstep of Bitcoin byit that's not our focused of discussion.

There's no certainty that an altcoin would give profit if held but with Bitcoin, there's every possiblity of that been the outcome so then whey risk losing to the volatility of the market when you can simply hold unto your coins and even make more profit then you would had trading.

What i have observed that first people trade without using stoploss in spot trading. Secondly if the coin goes up, they sell it early taking little profit. However if the coin goes down, they keep holding the coin when they are in loss.

It should be other way around, we should be out of trade at minimum loss and keep holding for more profits when in profit.

Rigon

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If you can understand cryptocurrency trading then you can definitely get something good out of it. It is often seen to buy and trade good coins from cryptocurrency trading platforms If you can, you can make a good profit. Even if you can do futures trading, your profit will come, but there must be maximum risks and maximum acquaintance. Otherwise you will not be able to trade futures.

Cling18

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I was also in my youth days when I discovered and started grabbing the opportunities offered here in the crypto world and to be honest, it wasn't easy and there's no shortcut to it unless you have people who would teach you everything about it. You have to earn capital first while learning at least the basics of trading by doing your own research. It will take a long time but it's all worth it. During this pandemic, our company has closed but I'm grateful that crypto trading has saved my finances.

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I am one of those youths and now, I am proud to say that I am somewhat financially dependent in college because I am making money out of trading crypto and hodling some with the potential to go up in prices.

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Quote from: decodx on August 31, 2021, 06:13:58 PM

Yes, holding is the best alternative for trading, but the problem is that holding does not guarantee profit either, since a lot of things can happen that affect your investment.

Still that doesn't mean trading is a better option. 99% of the youth in the industry assuming they just invested instead of initially wanted to gain in the shortest widow possible through trading would had been better off then where they're today. While there's profits if the market if you can understand it then outsmart it but still those profits can't be compared to what is to come out form hodling.

Many youths are missing out in the profits the industry holds because they bought into the idea of trading. So far holding has been the only constant profitable strategy in the industry when it comes to investing in Bitcoin. Some altcoins has also followed in the fullstep of Bitcoin byit that's not our focused of discussion.

There's no certainty that an altcoin would give profit if held but with Bitcoin, there's every possiblity of that been the outcome so then whey risk losing to the volatility of the market when you can simply hold unto your coins and even make more profit then you would had trading.

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Probably less than 20% of the youth/teenager will engage in crypto trading unless they are really interested in doing so. The ones that they are gonna be more interested in the play-to-earn games in the crypto like the Axie.

If they do however learn to trade, it's good to start young. A teen today who learns trading may really become very proficient when he is in his 20s. The long you get in the industry to better you become.

kotajikikox

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Quote from: Sihab76 on August 29, 2021, 05:23:19 PM

All the young people who have lost their jobs due to the
।n Corona epidemic will be able to support themselves and their families with the help of online cryptocurrency. They can also make money by making long-term or short-term investments.

lol Youth mostly has no Job instead they are studying in which OP is pointing that they are engaging now in crypto because of having nothing to do outside so browsing the internet is what they do.
and to help their parents regarding the funding as they have no work or cannot even do business because of closure from the lockdown.

Quote from: Yatsan on August 31, 2021, 05:55:30 PM

Many of my colleagues have also experienced a great help through their trading on cryptocurrency ever since this pandemic have started since we were out of school and have to stay home, we still wanted to find some sort of source of income to provide our needs and that is when some of my friends put themselves into engaging into cryptocurrency trading and other stuffs related to crypto so I can testify that trading, investing and other cryptocurrency related jobs have financed and help youths during these days.

My son also got involved in crypto gaming and small trading . because of this pandemic in which they have nothing to do inside the house .

CaVO32

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Quote from: Ziskinberg on September 03, 2021, 06:30:18 PM

Quote from: Hippocrypto on September 03, 2021, 05:57:14 PM

One thing I am aware about the youth and cryptocurrency in my country right now was their diversion of mindset over fun and profit. Because of that most of them right now was having desires to play crypto games from NFT project like axie infinity, my defi pet and other rising games which soon change the ways mobile gamers compared from their typical games that doesn't give them an income.
Basically these days, provides an opportunity for the youth to play and at the same time earns reward tokens which they'll able to trade then have fiat money for their needs.

That is to say that this new generation has been aware of cryptocurrency and they think this could help them for a better life. Just like having fun playing the Axie game, they are also making money at the same time, that actually such a good opportunity for them. But despite this, we can still say it was not really having a good effect on them, that happens that they will forget of going to school than staying at home and keep on playing. This could have a negative mental effect on them.

Since it is easy now to navigate the world of cyberspace, these younger generation has a lot of opportunities that they can venture with. But they need to be careful in joining any hype or bandwagon without doing their own study or analysis. Sometimes, they are too gullible to believe about easy money. With the rise of play-to-earn gaming platforms, I am sure, a lot of these young gen will be hooked into this. But they need to observe themselves if it is already affecting their mental health because that's critical at their age.

Ziskinberg

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Quote from: Hippocrypto on September 03, 2021, 05:57:14 PM

One thing I am aware about the youth and cryptocurrency in my country right now was their diversion of mindset over fun and profit. Because of that most of them right now was having desires to play crypto games from NFT project like axie infinity, my defi pet and other rising games which soon change the ways mobile gamers compared from their typical games that doesn't give them an income.
Basically these days, provides an opportunity for the youth to play and at the same time earns reward tokens which they'll able to trade then have fiat money for their needs.

That is to say that this new generation has been aware of cryptocurrency and they think this could help them for a better life. Just like having fun playing the Axie game, they are also making money at the same time, that actually such a good opportunity for them. But despite this, we can still say it was not really having a good effect on them, that happens that they will forget of going to school than staying at home and keep on playing. This could have a negative mental effect on them.

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Quote from: Hippocrypto on September 03, 2021, 05:57:14 PM

One thing I am aware about the youth and cryptocurrency in my country right now was their diversion of mindset over fun and profit. Because of that most of them right now was having desires to play crypto games from NFT project like axie infinity, my defi pet and other rising games which soon change the ways mobile gamers compared from their typical games that doesn't give them an income.
Basically these days, provides an opportunity for the youth to play and at the same time earns reward tokens which they'll able to trade then have fiat money for their needs.

NFT games are being hyped these days especially when youtubers explaining how they managed to make some money when they invest it on NFT games. This might change how some people will see cryptocurrency today is instead of learning how to trade wisely on an exchange. Well, since it's being hyped the working average guy who have suffered from losing their job because of the pandemic might find it useful so I'm sure this is really a big help to them it's just they really have to learn the basic first because if we talk about money there's always a risk involved.

Hippocrypto

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One thing I am aware about the youth and cryptocurrency in my country right now was their diversion of mindset over fun and profit. Because of that most of them right now was having desires to play crypto games from NFT project like axie infinity, my defi pet and other rising games which soon change the ways mobile gamers compared from their typical games that doesn't give them an income.
Basically these days, provides an opportunity for the youth to play and at the same time earns reward tokens which they'll able to trade then have fiat money for their needs.

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Quote from: LUCKMCFLY on September 02, 2021, 11:09:07 AM

I think that the main help for young people is that they can do it by applying all possible knowledge, it has made them read, learn, and only this generates better young people worldwide, keeps them out of danger as drugs, among others.

In addition, today's young people come with another mental chip, they see business with other ideas, with other ways of seeing it as those of the old school see it, they are not afraid of volatility, they are not afraid of making large investments or of losses, of course this is just a sample, there must be others who possibly fall into addiction, in bad business decisions, but their probability of recovering is usually much faster, I think it is because of the pace of life they are leading.

Another great thing about the market of cryptocurrencies is that when I see other markets almost all of them are incredibly overvalued so the young people cannot really invest in them as there is almost no upside to be had, but when it comes to this market the upside is huge and young people are understanding this and are choosing to invest in this market rather than the markets their parents choose as they see it is in this market where they can improve their future and not on other ones.

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I think that the main help for young people is that they can do it by applying all possible knowledge, it has made them read, learn, and only this generates better young people worldwide, keeps them out of danger as drugs, among others.

In addition, today's young people come with another mental chip, they see business with other ideas, with other ways of seeing it as those of the old school see it, they are not afraid of volatility, they are not afraid of making large investments or of losses, of course this is just a sample, there must be others who possibly fall into addiction, in bad business decisions, but their probability of recovering is usually much faster, I think it is because of the pace of life they are leading.

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Quote from: imstillthebest on August 31, 2021, 09:22:02 AM

not just the youth which crypto have helped but it also help adults that are suffering from the same situation . that are different types of trading you shared in the op
, the first is the same as long term investing .
second can be done if they still have a job which are rare now
but the third and especially the last one is the type of trade where all are foccusing now due to the long hours that they can spend in their homes

Long-term investing, yes, there's trading but it's not the typical type of people that understands trading which is just all about day trading. And it is true that it helped a lot of us, not just the youth but even the adults too. Trading or investing long term in cryptocurrencies has everyone to upgrade into a decision-maker when to sell and when to buy. In the midst of the pandemic, many became an investor and as well as a day trader to cope up with their daily needs so that made them as a day trader.

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Quote from: Oilacris on August 31, 2021, 06:08:11 PM

Quote from: Yatsan on August 31, 2021, 05:55:30 PM

Many of my colleagues have also experienced a great help through their trading on cryptocurrency ever since this pandemic have started since we were out of school and have to stay home, we still wanted to find some sort of source of income to provide our needs and that is when some of my friends put themselves into engaging into cryptocurrency trading and other stuffs related to crypto so I can testify that trading, investing and other cryptocurrency related jobs have financed and help youths during these days.

Yes it is and its a great help because it doesnt really need technical skills for you to deal or engage with crypto specially with trading and some other basic stuffs which you can deal off and make some money on it.

If you do know on what you are doing then you would really be having the edge or opportunity that could get compared into those who dont touched their foot into this market.

If you dont take risk then you wont earn nothing but of course there would be always that chance on losing instead.So its a matter of risk acceptance and
sustainability.

I can say the same as when I started here in crypto, I have no idea how trading works. But thru time, we learn our tips and tricks. And I really believe that this pandemic crisis created a lot of new crypto traders as most of us were stuck at home during the height of this pandemic, and we were looking for ways on how to augment our income. This is a better avenue rather than spending your time in bad vices or habits. With this, you are not only helping yourself but also your family.

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Quote from: CryptopreneurBrainboss on August 31, 2021, 05:18:27 PM

No doubt it's one of the most, if not the most popular ways of making money, but how many traders actually make money form trading when there has been findings of majority of the traders actually losing and that's because majority are just novice hoping to ride the hype if profiting form trading without knowing/having the basic knowledge to achieve that.

Sadly, not a lot of traders do. In fact, the vast majority of cryptos will have been losing money for the trader as well. However, there are some who manage to make a lot of money and have now made it into the millionaire club.

Quote from: CryptopreneurBrainboss on August 31, 2021, 05:18:27 PM

The market can be very deceiving and if you don't have the basic understanding of the market and how to read and understand charts, you will be among the majority not been profitable. While trading is popular, we have better alternative that won't require much gorm you as tradinydies which is investing and hodling.

Basically what you do here is just buying and holding instead if buying and selling. The time to sell will be more far apart from your buying time, this way your chances of profiting is increased. You can either hold long term to profit more or secure short term gains in hopes of rebuying if the price was to decline further down.

Yes, holding is the best alternative for trading, but the problem is that holding does not guarantee profit either, since a lot of things can happen that affect your investment.
Even so, being a buy-and-hold investor is certainly the most prudent choice, especially for newbies, but when most people find themselves in this position, they stop thinking and often end up making some crazy investment decision that is bound to fail.

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Quote from: Yatsan on August 31, 2021, 05:55:30 PM

Many of my colleagues have also experienced a great help through their trading on cryptocurrency ever since this pandemic have started since we were out of school and have to stay home, we still wanted to find some sort of source of income to provide our needs and that is when some of my friends put themselves into engaging into cryptocurrency trading and other stuffs related to crypto so I can testify that trading, investing and other cryptocurrency related jobs have financed and help youths during these days.

Yes it is and its a great help because it doesnt really need technical skills for you to deal or engage with crypto specially with trading and some other basic stuffs which you can deal off and make some money on it.

If you do know on what you are doing then you would really be having the edge or opportunity that could get compared into those who dont touched their foot into this market.

If you dont take risk then you wont earn nothing but of course there would be always that chance on losing instead.So its a matter of risk acceptance and
sustainability.

Topic: How cryptocurrency trading have helped the youth. - page 6. (Read 946 times)