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Topic: How cryptocurrency trading have helped the youth. - page 7. (Read 946 times)

legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
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.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
Trading Trading cryptocurrencies is one of the most popular ways to make money on internet. It is the process of purchasing and selling coins, such as when the price is low and waiting for the price to rise before selling.

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.

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.
legendary
Activity: 2534
Merit: 1338
Trading is too laborious. After a few years of coming to cryptocurrency, I feel that instead of saying that I am mature, it is better to say that I am getting old.
Both the body and the mind have been greatly exercised,
I basically do trading once a week because I have suffered a lot from frequent trading.
And you are not the only one, it is known that even the best traders out there eventually get tired of trading all the time and decide to leave the activity completely or they become investors and this is because it is incredibly taxing on the body to keep your attention going on for so long, for the ones that do not understand what is happening it may seem as if the trader is just sitting down staring at the charts, but true traders know that they are checking the markets at short intervals and making all kind of calculations to determine if this is the right time to enter or exit the market, and this gets tiring really quickly.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
It doesn't even have to be trading, crypto allowed young kids to be more international. There are things in the world that makes people more international in some space, like thanks to twitter we are more politically aware and there are tons of people who know a lot about each other's politics, I can talk about at least 10 nations politics all thanks to twitter, and because of instagram we get to see life style and cultures of other people as well, how they live and what is normal and what is not and basically share our regular lives for people all around the world, thanks to spotify we get to listen to music from all around the world and see what is famous and what is not, there are tons of messaging stuff where we get to speak with people all around the world.

These could be new to people who are a bit older like me, but these are the facts of life for young kids, anyone under 22 right now nearly born with these. Crypto is the finance version of that, young kids now know about finances all over the world and know what they have to do as well.
full member
Activity: 1638
Merit: 122
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 .
hero member
Activity: 1302
Merit: 503
you want to start trading in cryptocurrency, you need to know a few things starting cryptocurrency trading requires a lot of skills you can start trading with any cryptocurrency as the demand for bitcoin is very high at present and its market value is high, I would advise you to start trading with bitcoin. Because it can make a lot of money in a short period of time which cannot be done from other cryptocurrencies. You can also start trading with other cryptocurrencies if you want it is entirely up to you.
- Binary trading is just a shell for gambling, hidden behind this system is only the casino owner who is the winner, besides the casino owner, those are the employees of the system, more precisely, they are the people who take advantage of relationships and greed to turn this casino into a financial market, with the meaning of helping others to make little money in a short time but in reality, only manipulating and deceiving. Young people are moving in the direction of binary trading more than crypto trading, the similarity of the two is not denied but the meaning is too much difference.
full member
Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
I can vouch that but I am not speaking for everyone because I have started reading about bitcoin around my last year in junior high and I started trading at the first year in senior high, it's a hard thing to do but I was able to gain that much experience to continue trading and now I am doing fine which is a good thing, it's better to start trading at a young age so you can use those years as a free time to train your skills and knowing that you can make mistakes without big consequences.
full member
Activity: 1498
Merit: 146
Crypto currency helped them a lot to make something to feed themselves and also to their family but I had see lot of scam and failure stories as well especially due to binary trading, many people choosen binary trading to get rich quick so they took loan and invested but lost the capital completely since binary trading is high risky method and also lot of scam apps also getting advertised even available on playstore and app store so they lost huge amount of funds to it.
hero member
Activity: 1134
Merit: 517
you want to start trading in cryptocurrency, you need to know a few things starting cryptocurrency trading requires a lot of skills you can start trading with any cryptocurrency as the demand for bitcoin is very high at present and its market value is high, I would advise you to start trading with bitcoin. Because it can make a lot of money in a short period of time which cannot be done from other cryptocurrencies. You can also start trading with other cryptocurrencies if you want it is entirely up to you.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
Honestly I wouldn't suggest people who are not making any profit from real life to end up in the digital world to risk their money, that just doesn't make sense at all. There are other methods in crypto world where they can make money, from bounties to jobs to participating in marketing efforts, and gaming now, there are so many different ways that you could make money, I do not feel like I could actually suggest youth who are unemployed to make that kind of risk and trade their low amount of money, earning it would be awesome.

Crypto is filled with job opportunities, I could find 5 different possible money earning systems in crypto right now if I wanted to, and that is sort of what I did, full time worker in crypto world for the past 5 years or so, and never spent a dime to make money. This is why I suggest everyone to keep it less risky and earn it instead of trading it.
hero member
Activity: 3010
Merit: 794
Trading may indeed become one of the activities in Crypto which is very tempting, giving good daily profits and making a lot of money.
However, this might not happen to all traders.
Because the fact is, in trading, there's a loser and there's a winner and not would be able to win in the same way.
I don't know what is the reason is why people thinking that trading is just easy making money while the truth isn't.  It required different factors to consider and processed to trading if you already will be oriented.

Speaking of youth habit, they don't have this instinct of making money, all they have to do is relying upon their parents and as we can see, they love to always have fun, like entertaining themselves.  But this is not on general trading discussion, there are some newbies too in the trading field.
Majority of people who do have zero knowledge about trading or simply their first time on hearing out this market and make trades would really be having this kind of perception.Yes, trading could really be that beneficial
but this is only for those who do able to sustain themselves on longer runs and this isnt something that could be attained easily if you are just a newbie who had recently come and trade in.

It would take lots of trials and errors before you could really have a good grasp on trading.It doesnt matter if you are young or old because it will always depend on how you do deal with it.

It doesnt really require any age or qualifications or diplomas or something as long you can deal with moving market and profitable with it then thats how it counts.
member
Activity: 753
Merit: 15
mulierum.com
it's true that currently crypto developments are getting better and many young people are interested in learning it. one of them is learning trading where currently trading is very popular. In fact, many of these young people also benefit greatly from trading and that is what triggers young people to be interested in learning to trade. it's good if you really want to learn well but for people who really just want to try then it's not a good idea. Trading requires mental readiness and also patience so that needs to be underlined. Don't let it if we get into it, we just get carried away and end up in defeat.
legendary
Activity: 2492
Merit: 1232
Trading may indeed become one of the activities in Crypto which is very tempting, giving good daily profits and making a lot of money.
However, this might not happen to all traders.
Because the fact is, in trading, there's a loser and there's a winner and not would be able to win in the same way.
I don't know what is the reason is why people thinking that trading is just easy making money while the truth isn't.  It required different factors to consider and processed to trading if you already will be oriented.

Speaking of youth habit, they don't have this instinct of making money, all they have to do is relying upon their parents and as we can see, they love to always have fun, like entertaining themselves.  But this is not on general trading discussion, there are some newbies too in the trading field.
hero member
Activity: 2072
Merit: 656
royalstarscasino.com
Trading may indeed become one of the activities in Crypto which is very tempting, giving good daily profits and making a lot of money.
However, this might not happen to all traders.
why? Because trading is something very risky, this is popular, but many people ignore the level of risk.
Not to worry, but more to how to open your eyes against how we enter and anticipate trading. Especially young people.
Although basically, it might be a lot of young people who are successful in trading. However, if we as Beginners in trading, never say this is easy and just want to focus on money.
Trading is a complex activity, not only a matter of buying and selling, but about various analyzes.
And if indeed more and more youth join and want to learn and are ready for trading, congratulations, but once again, don't just think about getting money from trading.
full member
Activity: 196
Merit: 270
Just because of this the volatility of the crypto currencies market has increased.
Jobless people always go through the internet and they find something for better life and definitely they listen or watch about the crypto currency and than they dip in it and now the crypto currency market is playing around the 2 trillion.
sr. member
Activity: 1190
Merit: 253
You have a very nice start up here in cryptocurrency business huh, As a starter especially in youth stage level literally speaking you really need to have a capital and you are not oblige to put a big amount. In fact, small amount is enough to start with actually. Just don't be so greed when you do trade in the actual platform exchange anyway. Remember practice makes perfect, and while doing it, keep on studying too about trading here in cryptocurrency as well to feed yourself knowledge and idea about it too.
member
Activity: 1165
Merit: 78
~Snipped
Trading cryptocurrencies: Trading cryptocurrencies is one of the simplest and most popular ways to make money with cryptocurrencies. It is the process of purchasing and selling coins, such as when the price is low and waiting for the price to rise before selling. Binance, kucoin, hotbit, coinbase, and eToro are just a few of the cryptocurrency exchanges where you can trade.

I just wanted to point out the fact that trading cryptocurrencies isn't an "easy" skill to learn. It's one skill that takes an incredible amount of grit, effort and determination to get skilled in and that's why only a small percentage of traders are profitable traders. Just buying coins off exchanges doesn't equate to trading. I think that's inclined to investing rather than trading. But it ultimately depends on the time period ~ long or short term.
I think the OP doesn't understand that trading is one of the hard ways of earning in cryptocurrency, it always not profit as he believes it was and is also time consuming. However, it is better to develop a digital skill and get pay in crypto because about 70% of crypto traders quit at some point due to loss.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
If you can do cryptocurrency trading then you can earn money in a short time.
I totally disagree with this, if crypto traders can get money in short time then no one will say crypto trade or investment in crypto is risky. Tottaly different if you said can choose to trade in short time or day trade, but I believe even you're day trader it doesn't mean you will get profit every day, because there are times when you can misanalyze or the market doesn't move according to predictions.

In most nations, youth have turned to cryptocurrencies trading to generate money, which has aided in the fight against unemployment because they earn money from it and are surviving.
There are a variety of ways to generate money from cryptocurrency trading from the comfort of your own home using your smartphone or laptop and the internet.
Based on my experience making money from trading, it's not like we work in real life where we will get a definite income every day, week or month, there are times when we actually lose and need time to recover it, especially when you rely on income from trading for living expenses it just adds to the pressure.
Maybe there are young people whose lives have been helped because of crypto trading but I actually think that their lives have become chaotic because crypto trader are more.
hero member
Activity: 2660
Merit: 551
Hmm, not sure if teenagers or youth will go on crypto trading, maybe for some but that is an exception.

I don't know if you guys are familiar with this case: Young trader dies by suicide after thinking he racked up big losses on Robinhood. In this case, he got pressured and kill himself. So this crypto trading is dangerous for kids as their could be pressure mounting on them to make money at a young age.
sr. member
Activity: 868
Merit: 256
I've known a lot of teenager who doesn't care for their future, they're just thinking for fun like gadgets and online virtual games. Not those typical youth who studied and entered trading at young age, most of them learned to do investment through their mentors who are their parents.
This is a good training which can be pass through specially the skills given out to feed knowledge to upcoming generation. It helped the youth in order to sustain for future financial stability, also they won't regret this opportunity as years gone by.
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