Topic: Why Do Young Investors Prefer Cryptocurrencies? - page 11. (Read 1464 times)
The most easiest way to earn money nowadays is to invest at crypto but at the same time you may also lose your money. The percentage of losing is bit low at crypto rather then gaining so its a good idea to invest at crypto. Also young bloods had seen btc like how quickly people became rich by just holding btc
Young investors prefer to invest in Cryptocurrency because it is new and modern Currency of modern world. And we can trade and earn through investing in Cryptocurrency.
Investing in cryptocurrencies is simpler than other types of investments like stocks, forex. Just open an account and trade with small amounts. Some exchanges do not need to full KYC, such as stock exchanges, forex.
Compared to investing in stocks and real estate, they do not need a large amount of money to be able to invest in them. That shows that investing in cryptocurrencies is simpler and can start with small amounts.
Crypto trading happens 24 hours a day and 7 days a week, which allows people to trade continuously. It is more convenient than forex and stock trading.
Finally, withdrawing money on cryptocurrency exchanges is easier and faster.
Compared to investing in stocks and real estate, they do not need a large amount of money to be able to invest in them. That shows that investing in cryptocurrencies is simpler and can start with small amounts.
Crypto trading happens 24 hours a day and 7 days a week, which allows people to trade continuously. It is more convenient than forex and stock trading.
Finally, withdrawing money on cryptocurrency exchanges is easier and faster.
Because many millennials think that bitcoin investment is very suitable for retirement planning, because so far bitcoin has proven to be able to have a higher price in the long term, so they realize what bitcoin has to offer and with bitcoin it will also make it easier for millennials to start investing.
Bitcoin over 10 years have proven why it is vital and how it can change the future and it is changing as well. Since bitcoin returns beat all the conventional assets and can be used to transfer quickly with less fees this has gained popularity over years and just keep growing.
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Because they are connected with the current technology ....
^ This is exactly the correct answer and most likely has happened, because cryptocurrencies are made in technology and young investors and very popular with the technology and they will easily understand the concept of cryptocurrencies, how it will work and for sure they know the price being volatile is.Because they are connected with the current technology ....
Young investors are very known to have exposure ion technology and since it is very easy to understand them, adoption also is not difficult to them and that is the reason most those young investors prefer cryptocurrencies. However, not all of them, still we have preferences on picking a good assets, like there is someone to choose stock assets.
I have seen several teenagers on the forum, familiar with cryptocurrency at the age of 14, really envy them, they will certainly have a bright future.
I think young people are more open to new things, active in their thinking, and free from the distractions of traditional ideas.They are adventurous and innovative.
I think young people are more open to new things, active in their thinking, and free from the distractions of traditional ideas.They are adventurous and innovative.
It's pretty simple. Investing in crypto currency is the easiest form of investment without much regulatory procedures unlike the centralized government owned investment which requires excess documentation. For Crypto investment all one needs is just the patience to buy a coin and hold until it begins to appreciate
That's very much correct and may be prime reason why majority of crypto investors are mostly millennials. There is no age restriction nor any documentation required unless you are going to open a crypto account on KYC based exchange. Investing is easy but its equally challenging to earn profit in crypto, since its volatile, unregulated and mostly has no fundamentals.
Because they are connected with the current technology and know that this is the future currency that's why they importance then other businesses. Crypto currency are the global currencies. And it can be buy or sell from any part of the world. And their money can be transferred within seconds from one part of the world to other through blockchain technology. These unique features make him popular and the youngster prefer to invest money in crypto currencies then the other currencies.
Young people are not bound by traditional things, and are more willing to accept new things and challenges. They are curious about new things and are willing to learn and try.
More people are aware of the value benefits that bitcoin brings, and they are willing to accept it even if there is a great risk. Then learn more about bitcoin and try to invest.
More people are aware of the value benefits that bitcoin brings, and they are willing to accept it even if there is a great risk. Then learn more about bitcoin and try to invest.
It's pretty simple. Investing in crypto currency is the easiest form of investment without much regulatory procedures unlike the centralized government owned investment which requires excess documentation. For Crypto investment all one needs is just the patience to buy a coin and hold until it begins to appreciate
sounds easy but it's not that easy...investing in crypto must have high emotional intelligence and analysis too, those who are easily influenced by government words will definitely not dare to invest in crypto. I am happy to see that young people nowadays prefer to invest in crypto, it shows that they have a strong belief in the future of crypto.
Regarding the government... I don't think young people will be easily influenced by it, they certainly think more about something that they need to know more deeply, anyway crypto is not a thing full of negative sides.
The attractiveness of profit is the driving force for many people to be interested in it, I find that young people also approach this field quickly when they can understand and grasp the basic information about trading. But it is also important to look at the issue of whether such an approach really gives them what they are looking for, when the experience in this field is lacking, there will be a lot of repetition in the process of the way they came to this market, and why the forerunners had better patience.
While the older people, they have to assure and secure themselves with investments because they don't have unlimited resource so they're just also being wise with their decision.
older people can care less with responsibilities and they also have different sources to get funds like retirment , pension ,
( to name a few ) they can use this as investment if they want to but i guess its not necesary because like i said earlier they are already old and have less responsibilities .
While the older ones are too conservative and has to be conscious with their investments before they get in into another one.
it is just young specially with crypto which is only a decade old and its no surprise that those old person would really be seeing this to be risky and wont mind on touching it up and even dont tend to throw even a cent.
Young or the youth which are really known on the current trends and technology and due to that curiosity in mind then it is most likely they would really be choosing up crypto investment and to think that
it doesnt really need up big amounts in capital which is really reachable unlike those traditional investments.
Young investors prefer cryptocurrencies to invest because it is easier to invest and the ROI can be shorter than with the traditional method. They can do it with a modest amount of money.
Traditional investments seek to be replaced by cryptocurrencies due to their simplicity. They can invest with just a few clicks, if we take a look there are recognized investors who are investing in cryptocurrencies so our space will be preferred by more people around the world as bitcoin and crypto become more popular.
Traditional investments seek to be replaced by cryptocurrencies due to their simplicity. They can invest with just a few clicks, if we take a look there are recognized investors who are investing in cryptocurrencies so our space will be preferred by more people around the world as bitcoin and crypto become more popular.
I think that at different times in the world, there are different investment opportunities that appeals to each generation, from steel, diamonds, gold, horses, etc. I'm pretty sure that during the gold rush era young investors were more interested in investing in Gold than in agriculture or ranches. Now is the cryptocurrency and soon when it "ends" with this generation, the young investors of the next generations will take interest and invest in whatever has a good ROI in their time.
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.
In any generation, young millennials and those in Gen Z are mostly the ones that are spearheading innovation. Majority of the rich old people were young when they made their wealth and people at that time prolly thing they were wasting their time chasing the dotcom boom and other trends at the time. It's the same thing with crypto right now. For one, Young people are naturally curious and would easily get used to things that older people would consider irrelevant or difficult.
While the older people, they have to assure and secure themselves with investments because they don't have unlimited resource so they're just also being wise with their decision.
older people can care less with responsibilities and they also have different sources to get funds like retirment , pension ,
( to name a few ) they can use this as investment if they want to but i guess its not necesary because like i said earlier they are already old and have less responsibilities .
While the older ones are too conservative and has to be conscious with their investments before they get in into another one.
it is just young specially with crypto which is only a decade old and its no surprise that those old person would really be seeing this to be risky and wont mind on touching it up and even dont tend to throw even a cent.
Young or the youth which are really known on the current trends and technology and due to that curiosity in mind then it is most likely they would really be choosing up crypto investment and to think that
it doesnt really need up big amounts in capital which is really reachable unlike those traditional investments.
While the older people, they have to assure and secure themselves with investments because they don't have unlimited resource so they're just also being wise with their decision.
older people can care less with responsibilities and they also have different sources to get funds like retirment , pension ,
( to name a few ) they can use this as investment if they want to but i guess its not necesary because like i said earlier they are already old and have less responsibilities .
While the older ones are too conservative and has to be conscious with their investments before they get in into another one.
I simply think, young people are clearly more technologically aware and savvy. At the same time, when young people are often enthusiastic, dare to accept challenges, progress, and think positively, they discover fascinating new things in which bitcoin and crypto are the future of money.
Yes, at early age they were already given some ideas about technology and was also depth on it. Although there's the sense of being cool when they talk about it with their friends but in reality, they are doing a good job because they've come up with it as an investment at a young age.It is difficult to convince the elders to believe in bitcoin or crypto. Meanwhile, with the mentality of young people it will be the opposite.
I wouldn't generalize it that, there are still a few elders that are into it as they understand it very well. We don't need to convince them, they just have to learn and understand it.
they see the ease of things that continue to evolve in their generation. from an economic to media digital thing will always become main priority. and if you look at the current digital investment that is very popular, it is crypto. maybe what is excessive is when the concept of cryptocurrencies is considered a concept that will definitely mulitply return which is not really true. and mindset of the generation X Y Z is difference each other.
It's pretty simple. Investing in crypto currency is the easiest form of investment without much regulatory procedures unlike the centralized government owned investment which requires excess documentation. For Crypto investment all one needs is just the patience to buy a coin and hold until it begins to appreciate
sounds easy but it's not that easy...investing in crypto must have high emotional intelligence and analysis too, those who are easily influenced by government words will definitely not dare to invest in crypto. I am happy to see that young people nowadays prefer to invest in crypto, it shows that they have a strong belief in the future of crypto.
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