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Topic: Why Do Young Investors Prefer Cryptocurrencies? - page 2. (Read 1464 times)

hero member
Activity: 1358
Merit: 513
First of all, crypto market is one of the easiest market to enter. So as to work on stock market and invest in bonds and shares, you need to open an account with a broker sometimes you need minimum entry threshold, but on crypto market, you just need to download the wallet and register on an exchange. It is available for everyone.
Also young people are more susceptible to the illusion that you can make a lot of money quickly and easily.
legendary
Activity: 1750
Merit: 1329
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Young investors now really want to catch up if they get curious about and cryptocurrencies today is one of the trends because of the NFT and play to earn games some of them have their budget and take try to take a risk on it, and slome of them just borrow to their parents and by that they need to focus to earn it and take profit if it might lose there's nothing loss to them.
hero member
Activity: 2744
Merit: 588
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

And to see what's going on with millionaire millennials, the article below stated that 83% of them own crypto.

https://cointelegraph.com/news/new-survey-reveals-83-of-millennial-millionaires-now-own-crypto

It means, this younger generation has no qualms about getting themselves into crypto investments.
And I believe, even these millennials with smaller funds, are also into crypto, they will try to get a hold of some crypto assets.
They are not afraid to take a risk and they are open to this kind of technological advancement.
Remember, most of younger gen have their own gadgets that they can easily tap what they want to know.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
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
hero member
Activity: 3066
Merit: 629
20BET - Premium Casino & Sportsbook
There is no known traditional asset that is capable of turning $500 to $60M within a short time like 5Months. That can only happen in crypto, so basically a smart generation wouldn't want to wait for years to be financially free. They need it ASAP in the easiest way.
That mindset of the young has been happening lately when they've seen people turning small capital into millions. But it's just pure luck and speculation. Lucky those people that have made a lot from their little investment. And the young ones are going with the trend and hype hoping that they'll also be lucky that will make them turn that a lot into something big just like what they've seen with the others. While the others, they're investing and telling that it's for the tech and they want it slowly but surely.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
Beyond all the suggestions made above why young investors prefer cryptocurrencies, there's that crave to be associated with the rave of the moment by youngsters. Cryptocurrencies afford young people that satisfaction that they're a part of the rave of the moment if they bought or invested in it. I think this urge makes them bury themselves in the idea of cryptocurrency. There's that look of respect (of a perceived intelligence) for anyone who is into cryptos because those who aren't feel that those in it are more knowledgeable than them who aren't.
member
Activity: 858
Merit: 13
Christ The King
There is no known traditional asset that is capable of turning $500 to $60M within a short time like 5Months. That can only happen in crypto, so basically a smart generation wouldn't want to wait for years to be financially free. They need it ASAP in the easiest way.
full member
Activity: 395
Merit: 107
Various data show that bitcoin is the most profitable investment since 2010, although there is a lot of negative news about bitcoin but this actually makes young people curious and try bitcoin investment, when it proves to be profitable then they share it on social media so that it makes friends interested in investing in bitcoin .
member
Activity: 434
Merit: 11
Young investors prefer Crypto because they know Crypto has Bright future and world is growing towards digital. And crypto is digital currency so young investors prefer crypto. And you can earn from crypto by invest in right coin at right time.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
Young investors love challenges and agility, the "failed quota" of young people is still much, they will face everything and got failed on it and take lessons for a better decision in the future.
So i think crypto investment is really fit for young investors nowdays.
The ease of transaction and the transparency of the crypto projects is also make the young investors have more trust on crypto projects because they love to analyze what they could see directly instead of guessing with feelings.

First anyone who want to trade there are two platforms available, Forex and Crypto.
Forex is complex for the newbie and sounds a bit outdated to the newbies. Also seeing the gains in crypto, they prefer to opt for cryptocurrencies. That's a good decision by them provided they learn it thoroughly.
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
Anyone can invest in cryptocurrency, both seniors and young people, and cryptocurrency investment can be done easily.
The main things that encourage young investors to prefer cryptocurrencies as an investment medium are:

  • Mastering technology.
    The development of technology is growing, Young people are more tech-savvy than older people. Cryptocurrency investment is very easy to do using the application. This is because there are already many platforms and applications that offer various kinds of convenience from buying and selling transactions, registration, even in terms of choosing interesting features.
  • Limited capital.
    Young people have knowledge in the field of technology, but do not have much capital to build a business or invest in stocks, gold and other properties.
    Cryptocurrency offers young people to profit with limited capital. They can already invest with a capital of $ 100. But still must be accompanied by investment knowledge in the field of cryptocurrency.
  • Easy-to-find information.
    Internet cannot be far from the young. They can easily get interesting information about cryptocurrency. this is what drives them to be very interested in exploring everything related to cryptocurrency.

Yes, every investment has risk. but that doesn't mean it can't be avoided. By understanding the type of investment chosen properly, automatically young investors with limited capital can invest more safely and comfortably.
sr. member
Activity: 1022
Merit: 252
Young investors love challenges and agility, the "failed quota" of young people is still much, they will face everything and got failed on it and take lessons for a better decision in the future.
So i think crypto investment is really fit for young investors nowdays.
The ease of transaction and the transparency of the crypto projects is also make the young investors have more trust on crypto projects because they love to analyze what they could see directly instead of guessing with feelings.
hero member
Activity: 1946
Merit: 867
Defend Bitcoin and its PoW: bitcoincleanup.com
Crypto is mostly used by the young generation of the current world and it can be said that they are updated with the current world. They know the current world very much. Smart and easiest way to invest in crypto without going regulatory process which most of them want to ignore. This can be the best explanation for this statement so far.

In addition, young people are usually more open to new things. Of course, background also plays a role. If you grow up with certain technology, then you are more likely to have contact with newer things. I think that's why more young people are currently investing in crypto than in stocks.
member
Activity: 560
Merit: 57
Young investors prefer cryptocurrencies more than the other people because they are closer to new technologies. And they are just born into the technology era so it should be considered quite normal. And like every other people, young investors are attracted by the probability of high gains in the cryptocurrency market. But as far as I know, there is an important number of people among them also who are very interested in the technologies behind cryptocurrencies.
jr. member
Activity: 140
Merit: 2
Young investors prefer to work actively. As for me, cryptocurrency is a very good choice in this case, which can also bring good money.
legendary
Activity: 3010
Merit: 3724
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The YOLO generation unlike the previous ones that prefer stability. Feels good being one of them Smiley

Wait, so which generation do you belong to? Haha. I see all the whining about pay and rent and costs of houses and all that, and I don't really get it. Maybe the 1st world generation today is feeling the pinch but in the 3rd world, it's always been that way, even for someone growing up in the 1980s/90s. That didn't stop us from trying to save up as much as possible, putting off today's fleeting luxuries for a bit of longer-term comfort.

Makes you also appreciate it a lot more. And ready for when opportunities like Bitcoin come along...
hero member
Activity: 2366
Merit: 594
I believe that this is the new age in which your investors want to invest more in technology because we all know that most people invest in businesses that also have a lot of nich like a store, a bar, or a restaurant and so on, but now young investors are looking into new that also has a promising return and is also on the internet. I would say that investors are interested in the internet right now, such as e-commerce or cryptocurrency, because there is a lot of money in the internet.
hero member
Activity: 1316
Merit: 502
Young investors have a curiosity to know new things, besides that young people dare to take risks so that cryptocurrencies are most suitable for young people, when the profit opportunity is big, it makes young people interested and invest in cryptocurrencies, when he gets a profit then he shares it on social media and easier to invite friends.
Young people have very bold virtues and are suitable for crypto but due to the primitiveness of the crypto field has been disrupted too much by curiosity, most of the basics and current approach is just skimming and looking at summaries, while what I knew in the early days was that I read a lot from experience to little knowledge, no pre-filtered and analyzed projects. Modernity offers young people this gift but ignores the original research and self-study, it's easy to get bogged down by classic failures, lack of vigilance and rigorous training
full member
Activity: 672
Merit: 100
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.
Young people are also dynamic in following technological developments and easy to understand and after this generation Z will also be easy to follow technological developments with young millennials because they like to take risks. For married parents think a thousand times to take risks even though it is profitable. that's what make young and old different by mindset and responsibility with family
sr. member
Activity: 840
Merit: 255
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As we know typically time of innovation and youthful era as well much dynamic in tech too do errand with most straightforward way.This is reason crypto is best put for them where they can findd opportunity and gain more in less time.They have more time to memorize something modern, they are open to more hazardous steps that can bring much more prominent benefit than conventional ventures. And you properly said that it is less demanding for youthful individuals to get it what bitcoin is and how it works. They get it that bitcoin isn't subject to expansion and it as it were gets more costly over time. Bitcoin incorporates a parcel of instability, but for long run speculators this will not be a enormous issue.
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