Millennials Increasingly Prefer Bitcoin to Gold or Real Estate

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Quote from: Debonaire217 on October 01, 2020, 11:47:16 PM

It should not always be the number one option for millenials to put all their money to bitcoin. I could agree in half funds, but there still a risk of losing an amount especially if these millenials have a very little control over their emotions. They could be affected by FOMO and FUD. Meaning, even if we know that Bitcoin is good for long term, its volatility vould induce losses if they execute buy and sell of bitcoin prematurely.

Millennials don't really think about security just for the moment, they don't also have much savings and savings isn't even a culture yet from what I know from my own circles of friends. I'd never tell them to put it all in bitcoin though, gold and real estate are still the things that for sure stick around so yeah, diversify your risk, people.

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And compare amount of millennials with gold or real estate with crypto millennials

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It should not always be the number one option for millenials to put all their money to bitcoin. I could agree in half funds, but there still a risk of losing an amount especially if these millenials have a very little control over their emotions. They could be affected by FOMO and FUD. Meaning, even if we know that Bitcoin is good for long term, its volatility vould induce losses if they execute buy and sell of bitcoin prematurely.

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I'm a millennial, and while I'm heavily invested in Bitcoin (why else I'd be on this forum?), I dream about getting into real estate, maybe become a landlord or invest in early stages of a project and sell later. But my greed is stopping me from doing this, I keep hodling Bitcoin, because I want to see at least the peak of the next bull run before I start getting exposure to other markets, and I totally understand that it's actually extremely risky, because there's no guarantee that there even will be a next big bull run. YOLO.

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Quote from: TedMosby on October 01, 2020, 01:37:38 PM

Quote from: cheezcarls on November 19, 2019, 12:13:39 PM

To all of the millennials here in Bitcointalk, do you also agree that Bitcoin is a much better option than gold or real estate? As much as I liked real estate, the target market is kinda tough. Unlike Bitcoin, anyone can afford to buy it, even in the form of satoshis.

my perspective as millennials,
real estate is too expensive, I can't afford it.
gold, it's stable but it only keeps the value of our money. it has small chances to get a big profit from a small amount of money.

personally (maybe lots of millennials), we got spoiled by technology. our life seems easier with technology.
that's made us a bit pampered. we want to get anything we want easily, without exception.
for example, we want to have a lot of money with low efforts. we want to be rich in one night.

bitcoin (and other cryptocurrencies) volatility is the answer.
it's handy to manage, and most importantly it also offers us the opportunity to get a big profit with less effort, despite the high risk.
because we risk everything to be rich instantly Grin

You got some point when it comes to millennial mentality but to think that there are still ones who do value the most of their money and you are right that majority wont really have the big money to invest out on real estates or even on gold on just accumulating a huge portion of it to feel out once you do made a profit but as said earlier, we do disregard this option yet we do like on something which is more approachable and doesnt really need that much of capital for you to gain.I just agree that crypto gains can really be acquired in less effort but when it comes to risk then its really indeed high but as millenials then you wont really care that much of that matter but instead you do proceed and just hope for the best.Some might fall and some might succeed and since we are really exposed to tech then we can easily understand on how thing goes
into this current era.

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Quote from: cheezcarls on November 19, 2019, 12:13:39 PM

To all of the millennials here in Bitcointalk, do you also agree that Bitcoin is a much better option than gold or real estate? As much as I liked real estate, the target market is kinda tough. Unlike Bitcoin, anyone can afford to buy it, even in the form of satoshis.

my perspective as millennials,
real estate is too expensive, I can't afford it.
gold, it's stable but it only keeps the value of our money. it has small chances to get a big profit from a small amount of money.

personally (maybe lots of millennials), we got spoiled by technology. our life seems easier with technology.
that's made us a bit pampered. we want to get anything we want easily, without exception.
for example, we want to have a lot of money with low efforts. we want to be rich in one night.

bitcoin (and other cryptocurrencies) volatility is the answer.
it's handy to manage, and most importantly it also offers us the opportunity to get a big profit with less effort, despite the high risk.
because we risk everything to be rich instantly Grin

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I can easily say that the opposite of this happens in my milieu. For instance, my children find investing in cryptocurrencies very risky, and therefore they buy dollars with all their savings. On the contrary, I maintain to invest a certain portion of my salary in bitcoin each month.

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It can be used for millennials who prefer Bitcoin to Gold and real estate. There are reasons that are easier to understand here, especially where the area I live in:
1. Bitcoin is easier to achieve or obtain compared to investing in gold or RE.
Most millennials probably don't have enough money to invest in Gold or RE. Whereas with Bitcoin, they can start small. Plus there are ways they can get Bitcoin.
2. More trends among millennial, especially because this is related to technology that will continue to develop

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Quote from: ChrisPop on October 01, 2020, 07:52:12 AM

In my view real estate remains a fundamentally good investment choice. I mean we will always need a place to rest our body. You can't say the same about bitcoin or gold.
I am least likely to invest in Gold from the three assets talked about in this thread. Its usecases are rather small and it is a precious metal that could be soon produced in laboratories or found in the outer space. I'm not willing to place a significant amount of my net worth in a metal just because it has proven itself to be a reliable hedge.

Millennials like an instant, practical and easy to pick (low hanging fruit) and easy to exit whenever they want. Gold and property businesses are considered outdated, even though they know the essence of business is profit. Although property investment is profitable but the process of getting a profit can take years. This is what makes property and gold investment unattractive to millennials.

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I do not believe that Bitcoin is more valuable than gold and real estate. Gold prices are very stable but Bitcoin is never stable. I sincerely believe that investing in gold and real estate is a thousand times better than investing in Bitcoin. If you believe in Bitcoin and like to take risks, investing in Bitcoin will bring you good results. But if you are afraid and do not want to take risks, then you should invest in gold and real estate business.

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Quote from: ChrisPop on October 01, 2020, 07:52:12 AM

In my view real estate remains a fundamentally good investment choice. I mean we will always need a place to rest our body. You can't say the same about bitcoin or gold.
I am least likely to invest in Gold from the three assets talked about in this thread. Its usecases are rather small and it is a precious metal that could be soon produced in laboratories or found in the outer space. I'm not willing to place a significant amount of my net worth in a metal just because it has proven itself to be a reliable hedge.

Ha! Totally agree with you ChrisPop. There will be a time that we get to discover gold from outer space. I even think now that there are people who may have secretly getting gold from outer space and selling it to the world or they may have gotten a huge deposit of gold within the earth's underground. Unlike having Bitcoin, everything is there on the e-ledger and that the price of Bitcoin will definitely continue to grow compared to gold where it seems to grow very slowly. Real estate is also great but there might be a time we all will leave earth or what if there is war? What will happen to having those fancy homes and assets if they can be destroyed by nukes and blasts. Millennials picking Bitcoin I think is that they are on the right track.

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In my view real estate remains a fundamentally good investment choice. I mean we will always need a place to rest our body. You can't say the same about bitcoin or gold.
I am least likely to invest in Gold from the three assets talked about in this thread. Its usecases are rather small and it is a precious metal that could be soon produced in laboratories or found in the outer space. I'm not willing to place a significant amount of my net worth in a metal just because it has proven itself to be a reliable hedge.

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Let us admit that millennials were born together with the digital technology, and they are more tech savvy individuals. Maybe its the main reason why they preferred Bitcoin investment rather than Gold or Real State. Being more into smart gadgets, working in cyrpto world, its more easier to earn and monitor the stock market and all the profits that this millennials will get with just one tap and at the comfort of our home or in anywhere we are. By the way, I am also a millennial myself, and i do prefer Bitcoin investment because it made me so excited everytime i gain profits in the most quickest way. However, its not for a long term investment, I will still plan to invest outside the blockchain platform, or any other physical investment that i could possibly rely on as i grow old.

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Quote from: georgeontheford on September 30, 2020, 09:34:15 PM

"Millennials Increasingly Prefer Bitcoin to Gold or Real Estate" - I think that this statement is absolutely wrong. I have a lot of friends millennials and everyone wants to buy a home or any kind of apartment. One of them actually bought a house here and he is not interested in crypto at all.

So how much is your commission incase there are someone here Bought a House from that?
Nice strategy of selling items here huh?

Millenials are indeed wanted to have Houses.apartment and cars but those are the employee type millenials,but not those business minded because they are the one who is more practical.

all they wanted is to earn earn and earn ,thats why they consider Cryptos,real estate and gold.

And also i have known few millenials and asking me how to earn from Bitcoin.

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"Millennials Increasingly Prefer Bitcoin to Gold or Real Estate" - I think that this statement is absolutely wrong. I have a lot of friends millennials and everyone wants to buy a home or any kind of apartment. One of them actually bought a house here and he is not interested in crypto at all.

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Quote from: ballerin and giroud on November 23, 2019, 07:41:24 PM

It depends on the intention, I mean if you intend to store your money on the safe place then you can store it on gold or real estate and those place will make you comfortable. There is no volatile price and there is no risk that your money will lose in a few times.

But bitcoin is the opposite of those, you must spend your money that you can afford to lose. Which mean you can't spend your saving money and etc. I don't care with what millennials though, but I just suggesting that knowing the place before you store your money is really than you just follow what everyone do and you didn't know it.

In my opinion, you are right as I also think that the type of investment is dependent on the financial stability of the person. For example, if a person is financially flexible first would want some property investments since these would go up in value with time. Gold is still a valuable asset but you wouldn't want to miss on the crypto opportunity. SO, in my opinion people first go for security using estate investments and only after that can invest in at higher risk with crypto, then gold since its not nothing new about it. At least that's what I'd think anyway

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I agree with you, but real estate it is and it will be a reliable investment. As for me, gold is losing its power, and crypto is growing steadily.

Real estate must be prioritized...
investing in real estate must be first and then investing in crypto. when you married you will know how difficult it is if you don't invest in real estate, real estate number 1, Bitcoin number 2 and gold number 3, I put gold at number 3 because the price tends to be difficult to go down, so it is not a profitable investment for me.

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Quote from: ballerin and giroud on November 23, 2019, 07:41:24 PM

It depends on the intention, I mean if you intend to store your money on the safe place then you can store it on gold or real estate and those place will make you comfortable. There is no volatile price and there is no risk that your money will lose in a few times.

We already have stable coins that will secure the volatility will not make your investment fund lose its value. And that is what millennials see from the cryptocurrency, they are buying bitcoins and storing it to stable coins to avoid losing their money.

Quote from: ballerin and giroud on November 23, 2019, 07:41:24 PM

But bitcoin is the opposite of those, you must spend your money that you can afford to lose. Which mean you can't spend your saving money and etc. I don't care with what millennials though, but I just suggesting that knowing the place before you store your money is really than you just follow what everyone do and you didn't know it.

You are being one sided here, bitcoin is an assets, and investment asset where people could store their money and wait for the market price to be profitable enough so they can sell. It doesn't just mean their that their funds will surely lose when they invest in on crypto currency.

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It depends on the intention, I mean if you intend to store your money on the safe place then you can store it on gold or real estate and those place will make you comfortable. There is no volatile price and there is no risk that your money will lose in a few times.

But bitcoin is the opposite of those, you must spend your money that you can afford to lose. Which mean you can't spend your saving money and etc. I don't care with what millennials though, but I just suggesting that knowing the place before you store your money is really than you just follow what everyone do and you didn't know it.

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Quote from: cheezcarls on November 19, 2019, 12:13:39 PM

As a millennial myself, I would highly agree with this. Although that gold and real estate are both reliable long-term investments, it's just that Bitcoin is "red hot" right now. The risks are higher though due to the volatility of the market.

To all of the millennials here in Bitcointalk, do you also agree that Bitcoin is a much better option than gold or real estate? As much as I liked real estate, the target market is kinda tough. Unlike Bitcoin, anyone can afford to buy it, even in the form of satoshis.

We know that Bitcoin is growing rapidly and is becoming known to many people from all walks of life. And we people at Bitcointalk are fortunate to know and understand Bitcoin as an alternative to transactions and investments in digital form.

I cannot conclude that Bitcoin is a better investment than gold when Bitcoin has a higher risk. Conversely, Gold also does not experience enough price increases if we use it as an investment tool. Which one is better that suits our needs.

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