Why Do Young Investors Prefer Cryptocurrencies? - page 6.

SacriFries11

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Quote from: davis196 on September 17, 2021, 03:10:36 AM

1.Bigger profit margins.It's all about greed and making more money...
2.Easier access,compared to the traditional finance,but traditional finance is also getting easier access,due to apps like RobinHood.
3.Cryptocurrencies are more appealing to the tech savvy people.Most young people are tech savvy,so they like new technologies and innovation.
4.Higher risk:reward ratio...
5.Having less trust in the traditional financial institutions,like banks,hedge funds,insurance companies,etc.

Yes I agree to all the things you said. I also think that since our technology is unstoppable and digital money or transactions to fiat also takes place due to pandemic, cryptocurrencies will remain and will last long together with the technology. Because of this pandemic also, people find new ways to earn money and one option they found is through crypto more common is trading. Crypto also becomes trend due to high profile person that invest and post about it.

utc00

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From all financial indications, cryptocurrency profit is great. No business has produce bigger profit than cryptocurrency for the past few years. So, investing in it is a wise decision. I am also investing in it.

Rufsilf

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Leading Crypto Sports Betting & Casino Platform

Considering this era we now live of, most of the young are already familiar how the cryptocurrencies works unlike the adults they maybe have a hard time to those who have just starts their interest in crypto world.
And because the young are the ones who automatically know what trends are on their generation, most of them who have interests in the crypto world have much more chance to profit and gain quickly considering how adept they are in computer literate and the works of it. Eventually, they are one of the biggest investors of their time when they'll become an adult.

Chrystora123

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Quote from: suryana on September 29, 2021, 12:50:10 AM

The younger generation is more likely to be receptive to new things, including investing in crypto. Moreover, the crypto investment system is easy to understand and has the potential to generate very good profits, this is where the opportunity is used by young people. Instead they dominate at this time . Many rich people are formed from crypto. I think the future will be much better for crypto.

Cryptocurrency is very easy to understand by the younger generation when we compare it to other types of investment. even videos about investing in crypto on youtube are dominated by young people. cryptocurrency is the best gift from satoshi to all people in the world especially young people..

andeluna

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Its basically crypto currency become trend now a days thats why young people have an idea and they like the way how crypto currency work in a way of investing. They dont need workers physical store or office to start investing but only a money and knowledge how to start on it. For me this is the easiest way to invest specially to thos young people who have a mindset of investing in early age

Dhoe

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Quote from: mksundip on September 28, 2021, 10:09:10 PM

we need to know cryptocurrency has a lot of updates according to technological advances. Cryptocurrencies also have algorithms that require a lot of experience to understand. Apart from that, crypto is also quick to make money. On this basis, crypto is only of interest to young people. they still understand about crypto and they understand the concept of crypto

young people are state assets, if people are old, they certainly don't want to learn more about crypto because of the age factor, parents just enjoy the rest of their lives in this world, so it's natural for young people to play in the crypto world, because along with the development of the internet era, and today's young people also spend a lot of their time with the internet, so if many young people are involved in crypto investing, they are on track, investing in the crypto world..

Masplanc

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Young people prefer cryptocurrency because cryptocurrency is a digital currency that have come to stay, to add value to the younger generation. Young people do not have any choice to embrace cryptocurrency because they have understanding of what cryptocurrency is.

suryana

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The younger generation is more likely to be receptive to new things, including investing in crypto. Moreover, the crypto investment system is easy to understand and has the potential to generate very good profits, this is where the opportunity is used by young people. Instead they dominate at this time . Many rich people are formed from crypto. I think the future will be much better for crypto.

mksundip

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we need to know cryptocurrency has a lot of updates according to technological advances. Cryptocurrencies also have algorithms that require a lot of experience to understand. Apart from that, crypto is also quick to make money. On this basis, crypto is only of interest to young people. they still understand about crypto and they understand the concept of crypto

terrorJR

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The simple thing is that crypto prioritizes technological developments. because it can be said that crypto is a design that only exists and can be used with sophisticated technology.
Technically, young people will definitely follow the trends of the times as well as with today's technology and maybe they have seen the potential that exists.
besides that, the way investing works here is very easy and has the potential to be more profitable and most importantly when someone jumps into investing in cryptocurrencies like bitcoin they don't have to worry about investing things and regulations because bitcoin has a decentralized nature which makes them safe and avoid being mixed up. the hands of others, including the government cannot touch it.

King Raymond

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I think younger investors are a bit shy in terms of finance, as such are disposed to risk the little they have to gain more, since cryptocurrency is generally perceived as a big risk big profit investment

Wildwest

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According to field surveys indeed many investors who play in the crypto world are 20 years old, and they on average already have considerable assets and everything they get from investing in the crypto world, and they have a very big mission and believe bitcoin will definitely grow in the future, if we believe it will be very easy to profit in the crypto world then this is a very easy mission to run by Young investors, and their thinking is still very active and intelligent so it is very easy to accept by their minds.

wissy

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People don’t want to be regulated when it comes to their investment’s. We clearly saw what happened with centralised app robinhood, when GameStop stocks saga exploded. They were pushed in to a corner and was forced to limit access of their users. Which was a clear market manipulation with leverage of power.
This is the exact situation people wants to avoid, and cryto right now gives you free hand when it comes to investments.

clorasteinberg

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Maybe because they're the ones that embrace new technology the fastest. I believe cryptocurrencies are a great alternative because they have a low cost for entry, and it's easy to trade them.

the rise

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Of all the investment businesses, (other than gold and silver) bitcoin is a very simple investment but has the potential to make huge profits in the not too distant future. Yes, we know the risks are also big. But that's equivalent to the profits we get.

Fortify

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Quote from: CoinEx_Official on September 17, 2021, 01:40:36 AM

Why do young investors prefer cryptocurrencies? Or, to put it more plainly, why do young people like crypto speculation? In the public eye, the phrase “crypto speculation” is often associated with negative implications such as “radical”, “high-risk”, and the “ambition” for getting rich. However, the preference for cryptocurrency among the young seems to be unstoppable. According to the latest report released by Crypto.com, in January 2021, there were 106 million crypto holders worldwide, and the figure has surged to 221 million by August 2021, compared to only 66 million in May 2020. The doubling of holders during six months shows just how popular cryptocurrencies are.

It is silly to base your whole thesis on young people buying into the housing market within China and how property prices have moved in the last couple decades. As we see by the biggest property developer in China just about to go bust, what goes up really fast is likely to come down just as fast - it was an illusionary profit that basically resembled a ponzi scheme, keep adding new investors until the money runs out. Young people, due to a lack of experience, generally go for much higher promised returns because they are looking for short-cuts to wealth. Old-timers know that a vast majority of those short-cuts will leave you penniless. However one advantage younger generations have is they have plenty of time to recover from losses but the majority will need to learn that slow, steady growth is much more desirable over boom, bust attempts.

Natsuu

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Young prefer crypto not just because of the offers but because of the accessibility.

TO be able o trade in fiat, there are certain requirements you need to pass, and it is quite stressful to even get the requirements in young ages, especially that you need parents consents and such to be able to have an account. On the other hand, for crypto, it is so easy to have a wallet and a trading accounts, plus you don't need your parents consent for such things. You don't even need to open a bank that has your parents notified whenever you have a transaction that is pretty annoying.

So yes, crypto is a platform that young can fully explore their own without the consent of their parents.

suryogandul

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Cryptocurrencies are currently targeting millennials, and today's cryptocurrency investors are young people. besides that cryptocurrency is also easy to use and access by young people, with their thoughts related to technology making it easy for children to be in crypto. that's the reason why young investors mostly choose cryptocurrency

Aurorra

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Cryptocurrency is very popular nowadays, and young people will pay more attention to popular things. They will understand the meaning and value of Bitcoin from multiple channels, and know that Bitcoin brings profit opportunities. And as the value of Bitcoin increases, more and more people will pay attention to and love it.

uneng

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Quote from: CoinEx_Official on September 17, 2021, 01:40:36 AM

Why is this the case? The elder always tell young people to be patient, but what they don’t realize is that if young folks took the advice, they may never get the same returns, no matter how hard they work.

You have already answered your own question. That is the main point. Young people saw in bitcoin an opportunity they didn't have in traditional markets. They grew up listening and watching successful stories of celebrities who thrived in life, they watched movies which inspired them to look for a better quality life and were also incentivized at school since childhood to do so.
For many of them bitcoin became an interesting tool to make their dreams finally come true, as there isn't any other alternative around.

Topic: Why Do Young Investors Prefer Cryptocurrencies? - page 6. (Read 1392 times)