Topic: Why is cryptocurrency bullish in the long-term - page 4. (Read 741 times)
Cryptocurrency has become the current trend. It provides us with a better choice. Investing in Bitcoin can be free from government control and completely self-controlled. Many people will choose to invest in Bitcoin in order to realize the freedom of wealth. As people's demand for the enhancement of Bitcoin consensus increases, the value will also rise, and long-term investors will gain greater benefits.
Why are young people so optimistic about investing in cryptocurrency? Simple, to become rich in the shortest period of time. Becoming rich equates freedom, generational wealth, freedom to buy whatever and live however and wherever one likes.
There are some people who look for the long term approach and those people exist even in today's young generation - effect of good upbringing. They are looking for long term gains and they are the ones who will survive this investment. Having a get-rich-quick mindset will make you prone to put money in scams that are using bitcoin as mode of payment.Quote
For example in Africa, young folks there believe it's their way of abject poverty, government control and what have you.
Lets not politicize bitcoin in that context. It is supposed to be a freely usable currency above centralized banks and censorship resistant. It is not equal to anarchy which some people tend to focus more on. Because anarchy leads to destruction and bitcoin is far above those lows.Quote
And if you're going to trade, always take profits immediately and not later due to the volatility of the market.
Again a a short term approach that I usually dont prefer. But if it works for you, then more power to you. A balance needs to be struck between getting out quick and holding for long term.My thought is probably more societal than analytical. The thing is, when we look back at the history one regularity, a pattern becomes certain: whenever there is a tendency - that tendency becomes a part of everything. For instance, when there is a war - there is an economical depression, but simultaneously we can see a depression in everything else: people don't have money, such things as entertainment become rare, most people put on poor-looking clothes, etc. So it affects humanity in all possible aspects: finances, outwear, pastime, culture and, eventually, due to all the aforementioned - it affects thinking.
In today's world, I think many would agree that there is a tendency for freedom. As before, it is also present everywhere: people speak about it in public, politicians (except for the dictatorial regime) try to make their campaigns based on it, the employment rules are much affected by equity-related movements, even in clothes, we can see that the trend is not as strict as it was, say, in the '80s. People can combine different styles, wear your sandals with socks and no one will judge you anymore
What I'm getting at is that cryptocurrencies are the best representation of freedom and independence in the world of money, so unless some crazy changes come and people will suddenly want to become part of the slavery system - the demand for crypto will only grow with years.
This is a nice way to put it, however governments were in fact trying to put all kinds of limitations to the way you could use your money in order to better control their citizens, but then bitcoin appeared and now they are realizing that no matter what they do bitcoin is going to be there to be an alternative that will always block this desire they have to control the finances of their citizens, and for this reason alone bitcoin will always have some value as the people that cherish their privacy will always make use of it. In today's world, I think many would agree that there is a tendency for freedom. As before, it is also present everywhere: people speak about it in public, politicians (except for the dictatorial regime) try to make their campaigns based on it, the employment rules are much affected by equity-related movements, even in clothes, we can see that the trend is not as strict as it was, say, in the '80s. People can combine different styles, wear your sandals with socks and no one will judge you anymore
What I'm getting at is that cryptocurrencies are the best representation of freedom and independence in the world of money, so unless some crazy changes come and people will suddenly want to become part of the slavery system - the demand for crypto will only grow with years.
Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?
Cryptocurrency is nice for long-term investment because you can hodl as long as you want and as long as you don't need your funds as fiat money. Your investment has a high chance to gain and earn more as time passes by given that it has a nice potential to uphold its value or even exceed. Many people are risking their chance nowadays in crypto because it has proven that it has a lot of advantages. Although people must know that crypto isn't a get-rich-quick type of platform because most people always assume that it is a shortcut to generate wealth in a snap - it is not. To become successful in crypto, one must invest into himself first. A person must learn to feed himself additional knowledge and skills that could help him strategize and execute when it comes to actual crypto platform.
Data analyzation is a vital skill to be successful in cryptocurrency. You must study the history, price movements in charts, and read more about it to understand it better. Profit will be bigger for those who risk higher. High risks, high rewards. Just learn to minimize your losses by knowing your boundaries in investing.
Because of it's potential and the faith of many people about cryptocurrencies especially the ones at the top. Plus, some of the cryptocurrency have already proven their worth and that they can withstand FUD and grow in the long-term like Bitcoin and Ethereum.
Why are young people so optimistic about investing in cryptocurrency? Simple, to become rich in the shortest period of time. Becoming rich equates freedom, generational wealth, freedom to buy whatever and live however and wherever one likes.
For example in Africa, young folks there believe it's their way of abject poverty, government control and what have you.
Well the best advice I give to newbies is DYOR before investing in any cryptocurrency. And if you're going to trade, always take profits immediately and not later due to the volatility of the market.
For example in Africa, young folks there believe it's their way of abject poverty, government control and what have you.
Well the best advice I give to newbies is DYOR before investing in any cryptocurrency. And if you're going to trade, always take profits immediately and not later due to the volatility of the market.
Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?
Because thanks to blockchain technology unlike fiat currencies, is decentralized and it don't get hyper inflated
the more fiat inflates the more price goes up
This is exactly the point why bitcoins are so attractive. The supply is limited and no government in the world can just decide that it wants to print new bitcoins. With crypto currencies we are independent of the monetary policies of large countries like China or USA. Any investor who is scared of inflation can invest in crypto coins to protect himself.
Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?
I think it's because of the belief of the community only. because it has been proven that bitcoin have reached beyond expectations. and this has been done many times, plus many large projects that depend on bitcoin. like most of altcoins also depend on bitcoin . Becoming a bitcoin holder requires strong belief.
Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?
Because thanks to blockchain technology unlike fiat currencies, is decentralized and it don't get hyper inflated
the more fiat inflates the more price goes up
Why are they so optimistic about the crypto market and how do they analyze and profit from it?
They are optimistic because they have read some facts from the past, and throughout its past Bitcoin has brought people a profit. If I heard from some that it used to be possible to buy 100 BTC for less than $100, then I bought 1 BTC for $200 and turned them into $20 000, then sold that BTC and bought 6 BTC for the same money. Today, my $200 investment is worth more than $200 000 - and these are stories that attract people to invest, although the past is never a guarantee that the same will happen in the future.The key is to never invest what you can't afford to lose, and then you can sleep and live with a clear conscience no matter what happens. Being optimistic and being reasonable are two different things, and most people do pretty stupid things that they most regret later.
I think people are bullish towards crypto because for some it has become the only hope that they will change something in their lives - and it is better to live in hope than in despair.
So let is give an example as this, 1 bitcoin is 1 dollars and 1 apple is 1 dollars, so when one apple becomes 2 dollars then one bitcoin becomes 2 dollars. As you can see here bitcoin didn't gain "value" but it gained in price. I believe that will continue to happen and that gives me the hope for bitcoin in the future.
Inflation and devaluing of fiat. Don't let anyone else tell you anything else, even in the most basic principles of finance the fact that fiat will always lose value is a real thing, there is nothing around this and unfortunately what you can buy with 100 bucks today, you can't buy the same in 10 years and that is a fact, nobody disputes that, and it is a very well known fact as well, there is zero person that will say "I can buy same things with 100 bucks today and 10 years later", zero person believes that.
Yet bitcoin is doesn't have that kind of inflation (except what miners mine) and that means while fiat loses value, bitcoin won't and that means technically speaking bitcoin will gain "value" whereas only thing it gains is price. That is the reason in the long run bitcoin is something nobody should disregard since it will be your weapon against inflation.
Yet bitcoin is doesn't have that kind of inflation (except what miners mine) and that means while fiat loses value, bitcoin won't and that means technically speaking bitcoin will gain "value" whereas only thing it gains is price. That is the reason in the long run bitcoin is something nobody should disregard since it will be your weapon against inflation.
I think that the popularity of the cryptocurrency nowadays and the huge wave of people that are investing money into it now, sis due to the fact that it has become a trend, and how many influencers and big names are investing in it , due to the fact that the price is high and the market is volatile there is a large amount of money that can be made from, both in the long and short term, and people are trying to get rich fast and want profit so i think that is the reason why it has gotten really popular these past few years.
One of the easiest way of making money from cryptocurrencies is hodling.
I believe cryptocurrencies are bullish over time because of increased adoption which leads to increase in the supply and demand which ultimately increases the price of a coin.
Since this does not happen at once and it's over time, hodling would definitely results in profits for whosoever practices it.
And that's just how cryptocurrencies get bullish over time
I believe cryptocurrencies are bullish over time because of increased adoption which leads to increase in the supply and demand which ultimately increases the price of a coin.
Since this does not happen at once and it's over time, hodling would definitely results in profits for whosoever practices it.
And that's just how cryptocurrencies get bullish over time
Hodling is the best way to earn more money, if you want to have a good future in life then you hold, remember what CZ quotation is? "You can be rich if you can't hold". Holding bitcoin for the long term is such a good idea, as bitcoin's value increases year by year, this current price of bitcoin is good because if we reach the ATH once again you will have X2 from it.
The big question is how long you need to hold. I am holding most of my coins for the last 5 years or so. And I know a few guys who are holding the coins for 9-10 years now. In the investment circles, it is not unusual to hold your coins for that long (>10 years). But most of these cases involve assets such as gold, which have very low volatility. Cryptocurrency is one of the most volatile assets you can invest in, and not everyone will be in favor of very long term holding (especially with altcoins such as Cardano and BNB).
Young people. I think that's because this era gave them "we" (I think I am still part of that young people) many option.
The good side of this option is it's not as hard as investing with mutual funds, stocks, commodities and others. They can be the manager of their own investment that is hard to find nowadays.
Most of the time there will be a middleman, a broker or whatever they call them now. Old school investments are banks and it doesn't move that much. Yeah, cryptocurrencies will be the best choice if done right.
The good side of this option is it's not as hard as investing with mutual funds, stocks, commodities and others. They can be the manager of their own investment that is hard to find nowadays.
Most of the time there will be a middleman, a broker or whatever they call them now. Old school investments are banks and it doesn't move that much. Yeah, cryptocurrencies will be the best choice if done right.
...
- ... So changing the way we see money
I think this should be the first on the list! Before everything else, crypto is teaching us about something new! How to see the money and economy from a different angle! How many people knew about decentralized platforms before crypto?!
Think about how long it takes to move money from one part of the world to another?! With crypto, the entire world is connected, and transactions are almost instant! Should we mention the cost of moving money and crypto from one part of the world to another!?
Crypto is a brilliant invention because for the first time in human history we can have a free market, open for all!!! And as people are learning more about the crypto, decentralized economy, how crypto works, and what crypto can do, they are joining and the crypto world is becoming bigger... every day/month/year! And it's like a fact!
I agree.
Personallly I feel blessed of being born in time to see one of the biggest steps further into money evolution.
I missed the gold to fiat step but frankly, the fiat to crypto will be far more interesting and controlled by people who really care about their projects, beyond personal gains.
Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?
Like any new and evolving technology, it will generate good income as it grows. After stabilization of technology and the market, incomes "stabilize" and become commensurate with the investment attractiveness of ordinary shares of "weighted average" companies on the market. In a word - for 5, maybe 10 years, the profit from investments in crypto projects will be higher than other investments in the market.
The market history and coin utilization make such a great impact on long-term investors.
We are converting to more cashless transactions; cryptocurrencies being used in the future would result in great asset potential.
We are converting to more cashless transactions; cryptocurrencies being used in the future would result in great asset potential.
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now more and more young people like to invest in cryptocurrency.
cryptos are more user friendly than what the adults are investing .this is why many young people are trying to invest in hopes of earning a profit .
they need it now that the word is in difficult times and apps and games that young people use demands money to enhance their experience . this is why they are verry eager to earn money
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how do they analyze and profit from it?
not all are the same it comes to this but if there are most in common , that would be buying low and selling high .
Because cryptocurrencies will make a huge impact on our technology. Each cryptos now has their own use-case that they want to solve that is related to technology. Some crypto's main purpose is focused on sports, there is messaging, gaming tokens, and more. If more industries adopt crypto on their platform or business then we definitely have a good future investing on them. Mass adoption is slowly happening so there is a lot more to see with these cryptocurrencies in the future.
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