Why Do Young Investors Prefer Cryptocurrencies?

Abiky

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Quote from: Heartilly on December 23, 2021, 06:42:33 PM

almost everyone is now familiar with cryptocurrency, but most of them are impulsive especially in investing their hard work in the desire to earn double or more. For me, we should consider one thing before investing in cryptocurrency...
first of all, we need to be patient because none of us can predict when the value of tokens or coins will increase or decrease.
second, be smart in choosing and first study the crypto you want to invest in so that your hard-earned money doesn't go to waste,

third, we must be aware that there is a great risk in investing in different types of tokens or coins and we must be prepared for whatever outcome it may be in the future.

Young investors are usually impulsive, especially when they see an opportunity to make huge profits in the long term. Being patient is the key towards becoming successful in all of your crypto ventures. Believe me, this is only starting as most people still haven't heard or even used crypto before. Young ones are more susceptible to adopt crypto than older ones, simply because they're quite fond of technology. They're used to interacting with the Internet on a daily basis, so the first thing they'll encounter with is crypto/Blockchain tech. It's much easier to get into crypto than stocks, so this explains why young investors prefer crypto above all else. Who knows how our future will look like with young people using crypto on a daily basis? Just my opinion

maju69

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Quote from: JayTrain on December 21, 2021, 03:30:42 PM

I have been familiar with cryptocurrency for about 5-6 years and I myself can say why cryptocurrency attracts young people so much...because young people have seen enough of "bloggers-traders" who know how to embellish so that a naive student realizes that there is a lot of "easy money" in this topic, but this is most often not the case.First of all, young people come here for easy earnings and not understanding all the risks.

Yes, I agree with your statement. now many people are easily attracted, because they see the success of others. Then whether it becomes bad, of course not. But understanding the risks involved would be better.
Apart from that, now not only investors, but also many influencers are getting into the world of Cryptocurrency, and that's a good thing.

pushups44

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I think younger investors are attracted to digital assets simply because they grew up with the internet and digitization. Also, there is a subtle generational war, whereby younger people feel they must seek alternatives since the establishment has worked against their interests. Unlike previous generations, young people can expect a generally lower standard of living. Besides digitization, this resentment underpins some of the adoption of newer technologies that disrupt traditional finance. This is simply an open rebellion, peaceful in nature, using the disruptive technology of the blockchain!

Molinology

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@cryptmuster Yes, Young investors are more risk-takers. But more importantly they are smart and are more equipped with digital knowledge than the previous generation. Due to which they see more profits in cryptocurrency than a person from the older generation could see.

Cryptmuster

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Quote from: suzanne5223 on December 22, 2021, 07:51:34 PM

Cryptocurrency is the leading best investment and people see it as the perfect alternative during the economic meltdown and when fiat currency couldn't fulfill the expectation.

Fiat currencies are now very prone to inflation, so more and more people are turning their attention to cryptocurrencies. And this applies not only to young people, now everyone who understands the problem of fiat money is trying to invest in cryptocurrencies. Of course, not all young investors are more risky, they certainly tend to trust new technologies, but for young investors there is a very acute issue of increasing capital, which can bring good income.

Heartilly

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almost everyone is now familiar with cryptocurrency, but most of them are impulsive especially in investing their hard work in the desire to earn double or more. For me, we should consider one thing before investing in cryptocurrency...
first of all, we need to be patient because none of us can predict when the value of tokens or coins will increase or decrease.
second, be smart in choosing and first study the crypto you want to invest in so that your hard-earned money doesn't go to waste,

third, we must be aware that there is a great risk in investing in different types of tokens or coins and we must be prepared for whatever outcome it may be in the future.

TimeTeller

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Quote from: dificanovi on December 22, 2021, 01:30:38 PM

Quote from: oktana on September 17, 2021, 02:35:00 AM

I believe this is because most of them are young and smart. Smart enough to understand the idea behind Bitcoin, smart enough to know how to operate it too. Unlike these older rich men who because they don't understand how Bitcoin works(or how to operate) have lost interest and are always discouraging others.

Yes, usually old people who have wealth will choose a business path that is more certain and does not have a very big risk. In general, older people are very afraid of trading cryptocurrencies because their prices are very unstable.
Now many young people are trading crypto because they think that cryptocurrency trading can bring wealth in the near future and young people are now more aware of today's technology such as computers and mobile phones.

Younger generation are more open to high-risk investments, so to speak.
Also, when it comes to crypto, it comes very handy to these millennials as a lot are glued to their gadgets.
So for them, it is easier to get on board in crypto rather than breaking their neck understanding the economics of certain business.
And as we are in digital era, most of these younger people are oriented to do their activities online, in which, they can easily encounter crypto market.
All the info that they want, can now be reach if they know how to get around the net.

suzanne5223

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Quote from: Cryptmuster on December 22, 2021, 05:46:33 AM

Quote from: Lanatsa on December 21, 2021, 03:46:11 PM

Honestly if we do try to compare the accessibility of informations that we had from the past compared into this present time then we can say that information could really be passed up too fast on which

people or youngsters nowadays could easily adapt and learn up on whats the new trend on which this talks about new payment system and on having that chance or probability on making out profits

once you do deal up on investment matter which I cant really blame that young people would really be getting interested with this one.

Young investors are more risky because they want to increase their capital as quickly as possible.

This is never the case for all young investors but what I noticed from every young investor is that they are most interested in innovative investment especially if it has to do with the internet or modern technology.

Quote from: Cryptmuster on December 22, 2021, 05:46:33 AM

Cryptocurrencies are now probably one of the best investments that can quickly rise in value and bring good profits. There is also a great risk, but without this, you will not be able to quickly increase your assets.

Cryptocurrency is the leading best investment and people see it as the perfect alternative during the economic meltdown and when fiat currency couldn't fulfill the expectation.

dificanovi

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Quote from: oktana on September 17, 2021, 02:35:00 AM

I believe this is because most of them are young and smart. Smart enough to understand the idea behind Bitcoin, smart enough to know how to operate it too. Unlike these older rich men who because they don't understand how Bitcoin works(or how to operate) have lost interest and are always discouraging others.

Yes, usually old people who have wealth will choose a business path that is more certain and does not have a very big risk. In general, older people are very afraid of trading cryptocurrencies because their prices are very unstable.
Now many young people are trading crypto because they think that cryptocurrency trading can bring wealth in the near future and young people are now more aware of today's technology such as computers and mobile phones.

ringgo96

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Young investors choose bitcoin of course they already know that bitcoin is a very likely future investment that is likely to get maximum results and can be used later when it becomes old, so in this case we can see many crypto miners who are young but already millionaires, and very many of them are still fighting for their ideals in order to be able to store as many bitcoin and altcoin assets as possible.

Cryptmuster

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Quote from: Lanatsa on December 21, 2021, 03:46:11 PM

Honestly if we do try to compare the accessibility of informations that we had from the past compared into this present time then we can say that information could really be passed up too fast on which

people or youngsters nowadays could easily adapt and learn up on whats the new trend on which this talks about new payment system and on having that chance or probability on making out profits

once you do deal up on investment matter which I cant really blame that young people would really be getting interested with this one.

Young investors are more risky because they want to increase their capital as quickly as possible. Cryptocurrencies are now probably one of the best investments that can quickly rise in value and bring good profits. There is also a great risk, but without this, you will not be able to quickly increase your assets.

Lanatsa

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Quote from: JayTrain on December 21, 2021, 03:30:42 PM

I have been familiar with cryptocurrency for about 5-6 years and I myself can say why cryptocurrency attracts young people so much...because young people have seen enough of "bloggers-traders" who know how to embellish so that a naive student realizes that there is a lot of "easy money" in this topic, but this is most often not the case.First of all, young people come here for easy earnings and not understanding all the risks.

Honestly if we do try to compare the accessibility of informations that we had from the past compared into this present time then we can say that information could really be passed up too fast on which

people or youngsters nowadays could easily adapt and learn up on whats the new trend on which this talks about new payment system and on having that chance or probability on making out profits

once you do deal up on investment matter which I cant really blame that young people would really be getting interested with this one.

JayTrain

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I have been familiar with cryptocurrency for about 5-6 years and I myself can say why cryptocurrency attracts young people so much...because young people have seen enough of "bloggers-traders" who know how to embellish so that a naive student realizes that there is a lot of "easy money" in this topic, but this is most often not the case.First of all, young people come here for easy earnings and not understanding all the risks.

StLucifer

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At present, there are few investment fields for young people. Young people often like low-investment and high-return fields. Compared with investments in the stock market and property market, cryptocurrency investment does not require too much capital to start earning their first pot of gold, and encryption Currency is more in line with the development trend of the young age, so there will be a lot of young people investing in cryptocurrency!

syedzakir

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Young investors mostly prefer anything that is related to digital technology and this technology is the most convenient technology which is accessible to everyone through their smartphones so they prefer it because they can access it by staying at their homes even during the lock down conditions.

yayayo

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Foremost, just like many others, young investors are turning to crypto because it provide opportunities to make cash quickly and through diverse ways. Moreover, it can be learned online. Given that the younger generations are much inclined with technologies, it is a great consideration that crypto can be learned and done with the internet.

ya.ya.yo!

geegaw

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Quote from: Henrobakkara on December 20, 2021, 04:18:09 AM

Quote from: oktana on September 17, 2021, 02:35:00 AM

I believe this is because most of them are young and smart. Smart enough to understand the idea behind Bitcoin, smart enough to know how to operate it too. Unlike these older rich men who because they don't understand how Bitcoin works(or how to operate) have lost interest and are always discouraging others.

That might be a reason but it isn't the main reason. The young generation has come to understand that Bitcoin or cryptocurrency, in general, is a faster way to make money whether we all agree if they should see it as such is a different question. Also, the young investors have seen what has happened over the few years cryptocurrency has existed, how much it has changed people's financial lives from not just making profits from investments but also the financial autonomy. I believe that these are some of the main reasons young investors prefer crypto investment.

The influence and makeover of the first generations is too great and leaving a consequence behind is the younger generations who are constantly injecting themselves with stimulant drugs, more precisely, the autonomy and wealth of the old investors was assumed to be the end result the young investor would get, an overstatement and lack of explanation. Do not deny the wisdom of young people but oppose their arrogance, this personality makes them not successful enough in crypto, perhaps quite a few exceptions but the failed crowd still shows a separation, likes to invest but does not mean suitable for this path

Abiky

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Quote from: Woodie on December 19, 2021, 07:54:33 PM

Technology moves with time and it so happens that cryptocurrencies fall under this bracket of technology which has attracted many young investors as its easy to get into without much fuss, paper work and relatable to the millennials. Unlike gold which is not much of their liking, crypto is the new digital gold which has got their approval Grin

Of course. Young investors prefer crypto because it's much easier to get into it (unlike stocks, and real estate). Not to mention, they're always taking risks by exploring new things. The old generation is quite skeptical about crypto/Blockchain tech, simply because the Fiat system has dominated for long. Their distrust in new technologies will make them lose an opportunity of a lifetime to expand their capital. Young people are smart, so they will take every advantage to stay ahead of the game. Expect to see more crypto millionaires at a young age, as mainstream adoption grows at a fast pace. Who knows if Bitcoin becomes gold's successor within the not-so-distant future? Just my thoughts Grin

TheNineClub

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Young people prefer crypto because it's a generational thing. As with everything in life, differences in generations come to play when younger generations discard the ways of old to forge their own path. There is nothing new to this. Generations before us preferred to invest in stocks rather than gold as the ones before them did. ANd the same will happen with generations after, they might as well discard crypto investing as the best thing, and find something new. Crypto is a relatively new concept and most of us have seen it grow up in our formative years, so we think of it as 'ours' rather than 'theirs'. That's why young people flock to it. It's the ease of technological understanding and the excitement of it being something that you could be a part of when it was exciting and new.

Henrobakkara

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Quote from: oktana on September 17, 2021, 02:35:00 AM

I believe this is because most of them are young and smart. Smart enough to understand the idea behind Bitcoin, smart enough to know how to operate it too. Unlike these older rich men who because they don't understand how Bitcoin works(or how to operate) have lost interest and are always discouraging others.

That might be a reason but it isn't the main reason. The young generation has come to understand that Bitcoin or cryptocurrency, in general, is a faster way to make money whether we all agree if they should see it as such is a different question. Also, the young investors have seen what has happened over the few years cryptocurrency has existed, how much it has changed people's financial lives from not just making profits from investments but also the financial autonomy. I believe that these are some of the main reasons young investors prefer crypto investment.

Topic: Why Do Young Investors Prefer Cryptocurrencies? (Read 1392 times)