Why Do Young Investors Prefer Cryptocurrencies? - page 12.

Rruchi man

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Quote from: Woodie on September 17, 2021, 03:36:19 AM

It has to be it's simplicity and obviously being millennials. Young people find it easy to relate to because they are tech savvy and they find the technology easier to understand and own unlike assets such as gold which have so much paper work to do before you can own it and by the way you can not get the sense of ownership with other assets , whereas you can get this feeling and satisfaction with cryptocurrencies.

For me too, this basically is the reason, its the digital age and the entire concept behind cryptocurrency (digital money) appeals to this digital age and young people who have been empowered by the internet.

Also formerly when we hear of investments, it always pointed towards buying stocks and shares from companies, real estate, gold and all that, they are all nice, but sometimes require a very huge capital to start, plus the wait period is also an issue to get good ROI on investment. Right now with cryptocurrency which is easy to understand by young investors, theres an opportunity for investment with very promising ROI, so a lot of young investors will definitely prefer it.

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Quote from: dbc23 on September 17, 2021, 01:42:36 AM

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

This is what I love with crypto, high returns, easy account opening procedure and fast withdrawals.
Buying crypto and patiently waiting for the price increase is the right thing to do, but it also doesn't make sense. There are more shitcoins that we know of. Many people bought altcoins at high prices and they lost forever. Many people have been rich from 2020 to this point because they invested in a vibrant uptrend market.
The common mentality of young people when investing in cryptocurrencies is the desire for big profits.

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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. 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.

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Quote from: Kodok Bencot on September 17, 2021, 08:58:37 AM

Cryptocurrencies are a type of high-risk investment so they are only suitable for young people, when they lose, they are not too problematic because they are still productive, this is different from older people who choose security because they are no longer productive.

That's not true at all, I mean adults can get in here too, I think that the risk is a general thing for every type of investment, I think that the reason for the young people getting into this kind of stuff is because they are much more adventurous and are more inclined to technologies.

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Quote from: Kodok Bencot on September 17, 2021, 08:58:37 AM

Cryptocurrencies are a type of high-risk investment so they are only suitable for young people, when they lose, they are not too problematic because they are still productive, this is different from older people who choose security because they are no longer productive.

What you say is true, older people are more looking for safety and will avoid something with a high risk. While young people like challenges and new things
in life, that's why many crypto investors are young people. Because volatile crypto prices do have a very high risk and crypto also uses new technology,
that's why many young investors it's easier to accept crypto. Another thing why more young people are interested in crypto, that's because young people
are more eager to learn new things, while old people are not so interested in learning new things.

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Millennials are a generation that grew up with technological developments and most of them realize that bitcoin is a good long-term investment to earn greater profits in the future as they get older, thus making millennials more interested in investing in bitcoin than other investment instruments.

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Cryptocurrencies are a type of high-risk investment so they are only suitable for young people, when they lose, they are not too problematic because they are still productive, this is different from older people who choose security because they are no longer productive.

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Quote from: livingfree on September 17, 2021, 05:50:37 AM

Quote from: oktana on September 17, 2021, 01:35:00 AM

Them being young is an advantage. Why? because they can take as much rich as they can. If they fail with it, they can restart as they grow older.

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.

so its all about the risk and is nothing to do with crypto and why not young people invest instead in stocks and other assets and not in crypto ?
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 .

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Quote from: oktana on September 17, 2021, 01:35:00 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.

Them being young is an advantage. Why? because they can take as much rich as they can. If they fail with it, they can restart as they grow older.

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.

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Despite being young, most investors nowadays are wise enough to decide on where they will put their funds. They have more options and alternatives now and they utilize them to their advantage. I must say that the generation now is more open-minded, willing to learn, and determined enough to earn some profit. They are not enclosed with the traditional ways on how to generate income because they make use of most of their resources as much as possible. They do not just stick on one way to earn, instead, they try many ways they see the opportunity to help them rise from where they are currently in. Of course, smart enough to distinguish which are scams and which are the legitimate sources of income. Diversification, being open-minded, and being strategic are the common character traits of young investors now. Hence, they opt to do cryptocurrency investment or trading because they see potential in it, unlike the older generations which are often close-minded and fixed to whatever they believe in.

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Young people are usually more progressive and with aging people get more conservative. Since Bitcoin itself is quite young, it's an innovation, and people who aren't that old themselves are more likely to value it than those who lived most of their lives without Bitcoin and without the Internet. As a new kind of investment, it's attractive to people who despise the old system and for whom new and good are correlated. But that doesn't mean that people who are older can't be deeply into Bitcoin and cannot use it as an investment, so maybe focusing on the age isn't very helpful. It's more about the mindset than the age, after all.

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Young investors nowadays think they are entitled to >100% annual returns. They have no concept of the real returns traditional investments offer and have insane expectations that will lead them to ever increasing risk reward scenarios that will ultimately leave them losing money. Crypto is a once in a lifetime type of investment. I worry about the disappointment awaiting young investors once this asset class is done rising unsustainably.

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Quote from: oktana on September 17, 2021, 01:35:00 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.

I think it is more than that. The previous generations had their own opportunities, for younger generations THIS is the opportunity.

As an investor it is your duty to look at areas and sectors that do well now and have future potential, and given the way crypto exploded in the last few years the space is impossible to ignore.

The older generations have already had their slice of the pie from else where, and crypto to them is too complex and difficult to wrap their head around because it requires constant updates. Not that it is an excuse but it is a barrier nonetheless.

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The young investors are flexible in their decision making and they are also open minded. Also the fact that the regulations around cryptocurrency isn’t so rigid makes it worth delving into.

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Quote from: Woodie on September 17, 2021, 03:36:19 AM

It has to be it's simplicity and obviously being millennials. Young people find it easy to relate to because they are tech savvy and they find the technology easier to understand and own unlike assets such as gold which have so much paper work to do before you can own it and by the way you can not get the sense of ownership with other assets , whereas you can get this feeling and satisfaction with cryptocurrencies.

Exactly, the tech affinity in my opinion is the reason why it's popular among the youth and the millennials, they have a basic grasp in technology compared to the older generations and they are more outgoing and prone to doing risky stuff since they're much younger.

Woodie

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It has to be it's simplicity and obviously being millennials. Young people find it easy to relate to because they are tech savvy and they find the technology easier to understand and own unlike assets such as gold which have so much paper work to do before you can own it and by the way you can not get the sense of ownership with other assets , whereas you can get this feeling and satisfaction with cryptocurrencies.

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At the same time, young people seem to prefer futures.

This kind of high-risk and high-yield thing may not be possible for middle-aged people to do, because middle-aged people have to think more about their family and career. Only young people are more likely to have the courage to participate in high-risk and new things.

Ekeleboy

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It's quite simple. Cryptocurrency is the talk of the age, less stressful and looks promising.
All you need to do is buy a crypto coin, say bitcoin and hold it till its appreciates. No paper work, no age barrier and you can determine whatever percentage you want too.
While the old are rigid and would stick to the old ways of doing things, young people are daring and flexible in their thinking.

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Quote from: Don Pedro Dinero on September 17, 2021, 02:49:34 AM

Quote from: sou-kou on September 17, 2021, 02:02:15 AM

I think that many older traditional investors are more cautious about cryptocurrency, young people are more adventurous, their thinking is active, and their ability to accept new things is faster.

Yes, just think of Warren Buffet, for example. He became wealthy in another world, his mind is not prepared for cryptocurrencies, they are a type of financial asset difficult to grasp for his mental schemes. If he had been born in 2000, he would be investing in cryptocurrencies now. Young investors are more open to digital innovation.

Young investors have this aggressive kind of thinking that they should be more knowledgeable and resourceful into finding new innovations and how it will be applied in our real life. They want to explore new things that are out from their comfort zone and cryptocurrency is definitely perfect for them. Old men prefer to invest in gold and other profitable assets that are mostly in the old system while these young investors are mostly fearful and want to take risks even if the investment is not well established and developed. And they accept new changes faster than those old men investors.

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Quote from: sou-kou on September 17, 2021, 02:02:15 AM

I think that many older traditional investors are more cautious about cryptocurrency, young people are more adventurous, their thinking is active, and their ability to accept new things is faster.

Yes, just think of Warren Buffet, for example. He became wealthy in another world, his mind is not prepared for cryptocurrencies, they are a type of financial asset difficult to grasp for his mental schemes. If he had been born in 2000, he would be investing in cryptocurrencies now. Young investors are more open to digital innovation.

Topic: Why Do Young Investors Prefer Cryptocurrencies? - page 12. (Read 1464 times)