Millennial Generation Investors Prefer Bitcoin Over Gold

goldade

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Quote from: KenCryptos on September 11, 2020, 02:49:06 AM

Found this article which says that Millennial generation investors prefer Bitcoin over Gold:

cutive-says-millennial-generation-investors-prefer-bitcoin-over-gold]Article

I am not a millennial, I do have Bitcoin and no Gold.

It is not surprising that this is happening. I made mention of this in some thread. The world is moving forward digitally. We are growing towards the internet increasingly everyday.
Millennial generation investors are majorly interested in bitcoin because of this reason. Another reason is due to the decentralization characteristic of bitcoin. The millennial want total control of their money. They would rather be their own banks than give some institution control over their money

Beparanf

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Quote from: Twentyonepaylots on September 11, 2020, 12:23:12 PM

No wonder why Millennials choose bitcoin over gold because bitcoin is more acccesible to have rather than gold, I don't own any gold but I think it needs some documents when you want to have it except having it as jewelries. And of course, as time goes by with the help of internet younger generation is impatient unlike the preceding generation which we know that bitcoin could make an easy money if the time is right for it to fluctuate upwards.

Gold can be in any form as coin, jewelries and etc that can be buy and sell anywhere but didn't guarantee authencity so some requires authentication marks or card as well might hard to find a legit seller, unlike in Bitcoin that we can have it through our own hands via using only Internet. They been compared so many times but I guess Gen z prefers something physical as digital items and Internet weren't a thing before unlike in millenials time now that it's good to have it handy anytime anywhere.

abel1337

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Well as a millennial, We are hooked up on bitcoin before getting idea what gold is for and we really prefer bitcoin. There are much hindrance to buying gold, to be honest even if we want to. We are a crypto believer and it is an easy choice for us when we did research before. It's just crypto suits our daily lifestyle as a millenial. Also this gave us profit on 2017 bull run, Imagine if we stock up gold before we will literally cry over the possible profit we might get. As of now we are waiting another bull run to happen and we won't switch to gold as of now.

HiringYou

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Quote from: pixie85 on September 11, 2020, 01:25:32 PM

Can you imagine 18 year olds talking about their investment in physical gold bars? Maybe some old farts talk about it during golf but young people talk computers, hacking, bitcoin, dark web, phones and gadgets, cars. They don't want to wait 20 years before their gold pumps enough.

You are absolutely right sir. Millennial's are smart enough to understand that investing in gold and waiting for long periods will not help them out.They are always looking for a source from where they can get fast and decent returns.

If we talk about the current scenario, the future of millennial's is on stake as it has become very difficult for them to find a day job and those who are working are not getting enough pay check.For millennial's like me a source of side income has become a necessity. If I have to choose investment as a source of side income then I know that gold is not the best option for me, at least for now. I will definitely go for Bitcoin.The reasons are very clear-:

High returns both for short term and long term.
No third party involvement.
Low fees.

Undeniably, it is risky. My investments will not turn out be profitable every time but what in the world is not risky now a days.

pixie85

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The young generation treats gold like antiques. It's not really a good conversation starter or a topic for a party chat.

Can you imagine 18 year olds talking about their investment in physical gold bars? Maybe some old farts talk about it during golf but young people talk computers, hacking, bitcoin, dark web, phones and gadgets, cars. They don't want to wait 20 years before their gold pumps enough.

Twentyonepaylots

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No wonder why Millennials choose bitcoin over gold because bitcoin is more acccesible to have rather than gold, I don't own any gold but I think it needs some documents when you want to have it except having it as jewelries. And of course, as time goes by with the help of internet younger generation is impatient unlike the preceding generation which we know that bitcoin could make an easy money if the time is right for it to fluctuate upwards.

Asuspawer09

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The link is not working.

In my opinion, Millennial maybe prefers bitcoin over gold but it not just millennials who want bitcoin, I guess almost a lot of investors and people in the community are going to go with bitcoin over gold. Millennials like technology so it's not a surprise that they like bitcoin technology and how awesome it is compared to a gold.

For long term investment that could take years, I guess gold is going to be profitable even though there is a bit of volatility but the supply is surely low. Bitcoin is also profitable in long term but the volatility is very high so the market is going up and down a lot so profit could be made in short term most of the time.

20kevin20

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Quote from: ChiBitCTy on September 11, 2020, 11:19:39 AM

Stupid, stupid, stupid, and did I say stupid? We have got to STOP with this stuff. First of all, saying that you prefer Bitcoin over Gold just shows your lack of financial savvy. Bitcoin and Gold are NOT the same thing. They are two completely different things. One is a precious metal and the other a digital currency. One is used to jewelry, tv cables, power equipment etc etc, the other is a digital currency. One is a metal that's been used as a currency for centuries. The other is a digital currency. One is a relatively stable hedge asset, the other is a volatile digital currency. A proper portfolio should be diverse which means if you've got enough money, you should own both assets.

I'd argue that these two can be compared. Although they're 2 different things, gold can be treated the same way Bitcoin is and vice-versa. You can use gold coins as a currency if they're legal tender.

Gold isn't stable. Bitcoin isn't either. It's just that BTC has much less of a history behind it, so people's view over it changes constantly.

Millennial generations will surely almost always prefer new rather than old stuff. Especially when it comes to technology. Like, why use some boring piece of plastic when you could use your games-filled smartphone instead, right?

Let's be honest here. How often do you hear a young one talk about precious metal investments? How often do they pay for Fortnite in-game currency in comparison to that? Gold is beautiful and all, but here in Romania you're more likely to find a Bitcoin ATM than a precious metal (as in bullion and coins) shop and the millennials are mostly display-obsessed kids.

TedMosby

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https://bitcointalk.org/index.php?topic=5274318.0

I am not surprised about that.
the number of cryptocurrency users in the youth user segment (aged 18-24) has been increased significantly.
especially Nigeria, they are on top. +210.6% in the first quarter of 2020.

https://news.bitcoin.com/countries-growth-cryptocurrency-coinmarketcap/

ChiBitCTy

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Stupid, stupid, stupid, and did I say stupid? We have got to STOP with this stuff. First of all, saying that you prefer Bitcoin over Gold just shows your lack of financial savvy. Bitcoin and Gold are NOT the same thing. They are two completely different things. One is a precious metal and the other a digital currency. One is used to jewelry, tv cables, power equipment etc etc, the other is a digital currency. One is a metal that's been used as a currency for centuries. The other is a digital currency. One is a relatively stable hedge asset, the other is a volatile digital currency. A proper portfolio should be diverse which means if you've got enough money, you should own both assets.

ILuckyGuyI

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Quote from: KenCryptos on September 11, 2020, 02:49:06 AM

Found this article which says that Millennial generation investors prefer Bitcoin over Gold:

cutive-says-millennial-generation-investors-prefer-bitcoin-over-gold]Article

I am not a millennial, I do have Bitcoin and no Gold.

By the way, the link is broken. It is not so easy to choose between investing in Bitcoin and gold. I think that millennials prefer Bitcoin because they are living with the internet and technology. They want to use an investment tool that is updated and new. Besides, I don't mean to say that gold is useless. On the contrary, gold is a valuable investment tool as Bitcoin too.

kryptqnick

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Quote from: buwaytress on September 11, 2020, 09:15:59 AM

We all talking about them millenials but I wonder if most people on this forum are actually millenials? I mean I was born on the very tail end of Generation X and I know I am older than most people meet from "this space", or are they really all just interested in buying Bitcoin and leaving us Xers and Boomers to be the one doing discussions here? Haha.

How many of you were born between 1981 and 2000? You're a millennial! Wink

I think that millennials must be the majority of Bitcoin and Bitcointalk users, actually (I'm also one of them by the way

). It's relatively young people, but not too young to remember that 2008 crisis was bad as well as to know the problems of dealing with banks (unfair fees, lots of info to provide, waiting way longer than with BTC for an international transfer). I believe I've also seen some research on Zoomers, and they seem to prefer Bitcoin as well (although it might be too early to say, they're all very young). All that being said, I don't think it's 90% of millennials preferring Bitcoin over gold like the CCN article says because Bitcoin would be way more popular and expensive that it really is.

avikz

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Quote from: KenCryptos on September 11, 2020, 02:49:06 AM

Found this article which says that Millennial generation investors prefer Bitcoin over Gold:

cutive-says-millennial-generation-investors-prefer-bitcoin-over-gold]Article

I am not a millennial, I do have Bitcoin and no Gold.

The link is broken unfortunately. However, I understand the point and totally agree to it. It is possible because millennials are more comfortable with technology stuffs rather than physical stuffs. So it's no wonder that they will prefer bitcoin over gold.

However, personally I prefer both and I am also a millennial. Both are excellent choice for investment but for different reasons. I prefer to buy gold so that it can provide capital protection. I usually don't think of making profit out of Gold's price. But when it comes to bitcoin, it's mainly for profit- both short and long term.

dothebeats

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Millennials would surely jump in on this hype. This is something that they can fathom, something they can participate in without much gate keeping and something that is relatively young compared to other markets that they don't have a chance to make huge money with not unless they have the capital to begin with. Gold just have a lot of process associated in acquiring it making it not really that good of a starting investment if one is just exposing himself/herself in the world of investing. You have to sign a lot of papers, do a lot of talking and do a lot of proving in order to get your first score, not unless you are buying it 'underground' but even that has lots of risks associated with it.

I can clearly see the reasoning behind this preference, and I know a lot of people do, too but just aren't really that decided on the concept of bitcoin given its age.

coolcoinz

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It's normal because young people grew up treating electronic goods as real property. For us electronic money is real money, domains and computer programs are real items with real value, cryptocurrency is a currency. For our parents grandparents it's not. They think that things they cannot touch are less real than things they can touch. The generation gap has never bin as big as it is now.

Taskford

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Quote from: KenCryptos on September 11, 2020, 02:49:06 AM

Found this article which says that Millennial generation investors prefer Bitcoin over Gold:

cutive-says-millennial-generation-investors-prefer-bitcoin-over-gold]Article

I am not a millennial, I do have Bitcoin and no Gold.

We cannot say that really happening globally since as far as I know gold still the safest investment compare to bitcoin and I can actually see it on media sites. Bitcoin is not got a huge adoption compare to gold. I think the one affect the trust of majority is those scams and unpredictable fast volatility which is dangerous since people could lose money for its movement.

But I do hope that all will prefer bitcoin as good investment option since if we can really see it dominate over gold for sure the price will skyrocket and the merchant's acceptance will became huge.

pawanjain

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Nothing lasts forever

It's because more number of people are getting aware of the situation as each day is passed.
Governments printing fiat in huge amounts and thefts/crimes related to gold are increasing every year.
Bitcoin on the other hand is being more stable every year and the demand for it has been increasing rapidly on yearly basis.
There are many other reasons but these are the main reason why this generation is more into crypto than gold.
This is just my perspective and not on proven facts.

buwaytress

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We all talking about them millenials but I wonder if most people on this forum are actually millenials? I mean I was born on the very tail end of Generation X and I know I am older than most people meet from "this space", or are they really all just interested in buying Bitcoin and leaving us Xers and Boomers to be the one doing discussions here? Haha.

How many of you were born between 1981 and 2000? You're a millennial! Wink

plvbob0070

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We probably have an idea on why this generation prefers crypto, it's because of technological advancement and that they can easily adapt to this kind of investment. And for me, it's easier to acquire or make an investment with bitcoin than gold. Personally, I only have an investment in crypto but I don't have with gold. It's kinda same with others since the older generation tends to be more reluctant about investing in crypto.

achach

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No wonder, because digital technologies have become a part of our lives. No one dreams of gold anymore, everyone dreams of money. And how to get money with a minimum start-up capital? That's right, you need to trade cryptocurrencies.

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