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Topic: Young people should take more advantage of the crypto space. - page 3. (Read 588 times)

legendary
Activity: 2422
Merit: 1232
Leading Crypto Sports Betting & Casino Platform
I agree with the title itself. This industry is promising in the future and is already profitable at the present. Also, the idea of investment should really be one of the practices our youth should be doing for a better life 'coz it sucks just being an employee and just relying wiyh salary alone.
The world is moving to technologies and the young once are in good position to take the advantage of cryptocurrency, because to be rich in crypto assets is sure, but not get rich quick business in crypto space, why saying that is to buy and hold for 4 to 6 years ahead, I'm very sure huge return profits for holding for long term investment, and the younger ones are good position for that, because of level of responsibility is not much for them.
Indeed, they'll have the advantage as they already have the good sources of information that they want to know. What they just need is to dig it and expose themselves to crypto. For sure, with the technology that we have these days, it was easy for them to understand how crypto works and of course, how they benefit from it because their level of knowledge is high compared to old people. Therefore, I could say that it would have been a big mistake and regrettable act if they skipped this great opportunity that was already on their front.
Of course those who missed out on this great opportunity in the crypto space are regrettable, as the crypto industry hasn't been around for long so they still have great opportunities to jump in today and benefit from it.

Of course, apart from getting the benefits of the investment, it is better to learn how to use it for business internationally, because the regions may be hindered by laws in each country, but in the international space it is rare for countries to regulate the use of currency for transaction.
It's better if we learn how to make the technology, which will definitely get more free space in exploring this industry.
Regrets are fine as long as you've learned from it. With regards to utilizing crypto space for across countries, it would be a huge challenge. First of all, adoption with this technology is still being questioned at the present which serves as a limit for your mentioned goal. Also, we are talking about youth and that means it would be fine taking ffew small steps and avoiding to make a huge leap and end up with huge loss.
hero member
Activity: 1400
Merit: 674
The world is moving to technologies and the young once are in good position to take the advantage of cryptocurrency, because to be rich in crypto assets is sure, but not get rich quick business in crypto space, why saying that is to buy and hold for 4 to 6 years ahead, I'm very sure huge return profits for holding for long term investment, and the younger ones are good position for that, because of level of responsibility is not much for them.
I agree. This will also be a good experience for them to learn about patience. They will learn that there's no such thing as quick rich scheme when it comes to the financial industry. It's only those who are doing illegal things can get rich in a short run.
My kid doesn't know about cryptocurrencies yet and I am not planning it yet too. I think he is not ready for that yet although I can see he is already getting the idea of how money works online especially with the games that he is playing which needs money too if they want to advance faster.
But soon, I will definitely introduce him on how cryptocurrency works and what he should avoid if he wants safety for his own assets. They will be the ones who will reach the peak of Bitcoin and maybe some other currencies too so it's better if he will know something about it. It will all depend on them if they will pursue that area when it comes to finding a job.
Even those who do illegal things take a long time to get big fish, moreover those of us who do it right and according to existing rules certainly need time to understand learning in the world of crypto currency, to be honest it depends on how responsive they are to this technology, if they can learn faster, within a year can understand it and benefit from crypto.

You have good views as a father, of course, you have to prepare in advance for things like this for your child, because indeed the world of finance is not easy to understand if they are not old enough and have an open mind, fear that they will easily be carried away by the flow of things negative beyond your control.
legendary
Activity: 1484
Merit: 1355
I believe it's the younger generation that will really carry crypto adoption to new heights. The younger generation is more tech-savvy. They're more open-minded. They can also easily adopt to the new and disruptive developments brought about by new technologies.

I think the strongest resistance against crypto adoption is coming from the older generation, from the people who have been very comfortable with the traditional ways for the longest time.

To the younger ones, to those who have been living their entire lives in the digital age, in the age of internet, crypto is very easily accepted.

I totally understand what you are saying! It is like a face-off between the old guard and the new wave, right? Trying to break down Bitcoin to folks who aren't super into tech can be a real challenge. The older generation, not exactly the tech wizards, might need some extra brainpower to understand something so different from their usual stuff. On the other hand, the younger folks is pretty comfortable with tech, open to new ideas, and totally used to the digital lifestyle. Growing up with the internet as a daily part of life, they just naturally embrace new digital concepts like cryptocurrencies.

But you know, change takes time, right? Looking at it as a recurring trend, it is similar to how new technologies have been adopted throughout history. Think back to when the Internet was just becoming a thing. The younger crowd hopped on board quickly, while some older folks were skeptical or uncertain. I still vividly remember how much effort it took to convince my old boss at the company I joined after college that email and IM would completely replace fax machines. Needless to say, he was somewhat skeptical. But over time, as the benefits became more apparent and people got comfortable with the tech, the resistance faded away. I mean, who even uses fax machines these days?

So, just like the Internet worked its way into our daily routine, cryptocurrencies could take a comparable path. As more folks grasp their ins and outs, recognize their possibilities, and get comfy with their mechanics, resistance might decrease, and adoption might become more widespread across all generations.
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
The world is moving to technologies and the young once are in good position to take the advantage of cryptocurrency, because to be rich in crypto assets is sure, but not get rich quick business in crypto space, why saying that is to buy and hold for 4 to 6 years ahead, I'm very sure huge return profits for holding for long term investment, and the younger ones are good position for that, because of level of responsibility is not much for them.
I agree. This will also be a good experience for them to learn about patience. They will learn that there's no such thing as quick rich scheme when it comes to the financial industry. It's only those who are doing illegal things can get rich in a short run.
My kid doesn't know about cryptocurrencies yet and I am not planning it yet too. I think he is not ready for that yet although I can see he is already getting the idea of how money works online especially with the games that he is playing which needs money too if they want to advance faster.
But soon, I will definitely introduce him on how cryptocurrency works and what he should avoid if he wants safety for his own assets. They will be the ones who will reach the peak of Bitcoin and maybe some other currencies too so it's better if he will know something about it. It will all depend on them if they will pursue that area when it comes to finding a job.
hero member
Activity: 2044
Merit: 565
The world is moving to technologies and the young once are in good position to take the advantage of cryptocurrency, because to be rich in crypto assets is sure, but not get rich quick business in crypto space, why saying that is to buy and hold for 4 to 6 years ahead, I'm very sure huge return profits for holding for long term investment, and the younger ones are good position for that, because of level of responsibility is not much for them.
Indeed, they'll have the advantage as they already have the good sources of information that they want to know. What they just need is to dig it and expose themselves to crypto. For sure, with the technology that we have these days, it was easy for them to understand how crypto works and of course, how they benefit from it because their level of knowledge is high compared to old people. Therefore, I could say that it would have been a big mistake and regrettable act if they skipped this great opportunity that was already on their front.
Of course those who missed out on this great opportunity in the crypto space are regrettable, as the crypto industry hasn't been around for long so they still have great opportunities to jump in today and benefit from it.

Of course, apart from getting the benefits of the investment, it is better to learn how to use it for business internationally, because the regions may be hindered by laws in each country, but in the international space it is rare for countries to regulate the use of currency for transaction.
It's better if we learn how to make the technology, which will definitely get more free space in exploring this industry.
hero member
Activity: 2772
Merit: 518
★Bitvest.io★ Play Plinko or Invest!
The world is moving to technologies and the young once are in good position to take the advantage of cryptocurrency, because to be rich in crypto assets is sure, but not get rich quick business in crypto space, why saying that is to buy and hold for 4 to 6 years ahead, I'm very sure huge return profits for holding for long term investment, and the younger ones are good position for that, because of level of responsibility is not much for them.
Indeed, they'll have the advantage as they already have the good sources of information that they want to know. What they just need is to dig it and expose themselves to crypto. For sure, with the technology that we have these days, it was easy for them to understand how crypto works and of course, how they benefit from it because their level of knowledge is high compared to old people. Therefore, I could say that it would have been a big mistake and regrettable act if they skipped this great opportunity that was already on their front.
legendary
Activity: 2492
Merit: 1332
I believe it's the younger generation that will really carry crypto adoption to new heights. The younger generation is more tech-savvy. They're more open-minded. They can also easily adopt to the new and disruptive developments brought about by new technologies.

I think the strongest resistance against crypto adoption is coming from the older generation, from the people who have been very comfortable with the traditional ways for the longest time.

To the younger ones, to those who have been living their entire lives in the digital age, in the age of internet, crypto is very easily accepted.
Without a doubt you are right, the majority of those which are in positions of power are 60 years old or older, we are talking about people that did not began using computers until they were 40 or 50 years old, and it does not matter how much they are willing to adjust, they are never going to experience the world as a young person of today, this is why I think the rate of adoption of bitcoin has been in fact very positive, as once a generational change occurs at the top, then those people would have heard or used bitcoin since a young age, and that is when the rate of adoption will grow at an amazing rate.
sr. member
Activity: 2310
Merit: 366
I believe it's the younger generation that will really carry crypto adoption to new heights. The younger generation is more tech-savvy. They're more open-minded. They can also easily adopt to the new and disruptive developments brought about by new technologies.

I think the strongest resistance against crypto adoption is coming from the older generation, from the people who have been very comfortable with the traditional ways for the longest time.

To the younger ones, to those who have been living their entire lives in the digital age, in the age of internet, crypto is very easily accepted.
jr. member
Activity: 357
Merit: 3
Chainjoes.com
The world is moving to technologies and the young once are in good position to take the advantage of cryptocurrency, because to be rich in crypto assets is sure, but not get rich quick business in crypto space, why saying that is to buy and hold for 4 to 6 years ahead, I'm very sure huge return profits for holding for long term investment, and the younger ones are good position for that, because of level of responsibility is not much for them.
sr. member
Activity: 1666
Merit: 453
To tell you frankly, in this day and age, very few young people can dare the brightness future that Bitcoin or cryptocurrency has. Only a few of them can be open minded to this. Because most of the young people today are enjoying being young and this scenario is not in their mind yet.

But if the extent of their understanding can be explained correctly, their still closed minds can be immediately opened to Bitcoin and cryptocurrency as long as it is the right way.
hero member
Activity: 2856
Merit: 604
Young people not faced problem when getting down with their investment and keep more patience waiting until cryptocurrency assets up again, difference with adult and have family, they don't have more patience because can't manage with their family needed in daily day and selling cryptocurrency assets is the first option thing.
You can't be sure of that what I notice is that this current generation is more impatient than the old one. Of course, their exposure to crypto seems to be their advantage but I still don't think that they will take this opportunity as well. Because the truth is that not all want Bitcoin, not all want to become patient, and most of all, not all can afford to take risks. Generally, although they know about crypto, however, this will remain an option for them if they want to take part in crypto journey or ignore it.
sr. member
Activity: 616
Merit: 291
~Snip
In some ways I agree with you, because the fact that cryptocurrency is currently an alternative path in several ways. Such as being able to make payments between countries, relatively low fees (not all crypto), privacy that is always maintained, and a decentralized system of course (only bitcoin). So if young people are currently getting into the world of crypto, this can indeed be said to be a very appropriate action. Because basically young people have to learn and have to be willing to try to invest. That's why cryptocurrencies really have to be introduced to young people. So that they are aware of the importance of investing and also so that they know that in cryptocurrency they can find various things related to transactions/exchanges.

But there are a few things that I think you are too much point in your opinion on cryptocurrencies. As is the case with decentralization and low shipping costs. Whereas as far as I know cryptocurrencies are mostly centralized and only bitcoin has a decentralized system (correct me if I'm wrong). In addition to shipping costs or fees, each cryptocurrency has different fees and these fees can change from time to time. So the point is that fee fees in crypto currency have a low price, and some have a rather expensive fee. For example, ethereum, which has quite expensive shipping costs. Even though this is not a big problem for me, at least the information or opinion you provide must be more detailed and specific, so as not to cause confusion.
sr. member
Activity: 1344
Merit: 459
I totally agree with the opinion that young people have to contribute a lot in cryptocurrency, don't have a lot of needs because not having dependents is an opportunity for young people to invest large amounts in cryptocurrency. Can't get more advantage later when having family and our money limited for investing or take advantage trough cryptocurrency investment.

Young people should take more calculated risks as it is on their interest to do so, after all if they happened to lose some of their money in an investment then they have a lot of time to recover, and if they are successful then their life can become way easier from that moment on, the issue is that they cannot recognize the difference between a calculated risk and a dumb one, so they invest in all kind of shitcoins hoping for the best when in fact they have almost no chance at all to make profits with those kind of coins.
Young people not faced problem when getting down with their investment and keep more patience waiting until cryptocurrency assets up again, difference with adult and have family, they don't have more patience because can't manage with their family needed in daily day and selling cryptocurrency assets is the first option thing.
hero member
Activity: 2254
Merit: 658
Revolutionized copy gaming platform
Cryptocurrency has revolutionized the way we perceive and interact with finance, and its impact on society cannot be overstated. This decentralized digital currency has brought about significant changes in various aspects of life. Firstly, it has provided individuals with an alternative to traditional banking systems, allowing for faster and cheaper transactions across borders. Cryptocurrency also offers enhanced privacy and security, mitigating the risk of identity theft and fraud.

Moreover, cryptocurrencies have opened up new avenues for investment and wealth generation. The blockchain technology behind cryptocurrencies allows for the creation of decentralized applications and smart contracts, enabling innovative solutions in various industries such as finance, supply chain management, and healthcare. This has led to increased entrepreneurial opportunities for young people, empowering them to create and participate in decentralized projects.

To leverage cryptocurrency effectively, young people should focus on education and awareness. Understanding the fundamental concepts of blockchain technology, as well as the risks and opportunities associated with cryptocurrencies, is crucial. They can join online communities like bitcointalk, attend blockchain conferences, or take online courses to gain knowledge in this field.

Furthermore, young people can explore career opportunities in cryptocurrency-related industries, such as blockchain development, cryptocurrency trading, or digital asset management. By acquiring relevant skills and staying up to date with industry trends, they can position themselves for success in the emerging digital economy.

In conclusion, cryptocurrency has brought about transformative changes in various aspects of life, offering financial freedom, innovative solutions, and investment opportunities. To leverage its potential, young people should equip themselves with knowledge, explore career prospects, and actively engage with the cryptocurrency community. By doing so, they can harness the power of this technology and shape the future of finance and beyond.

You know what I have regretted? For not knowing and starting to explore Bitcoin and crypto when I was still young.

It was in 2014 when I got introduced to Bitcoin for the first time. It’s where I have created my forum account and also Coins PH and Blockchain non-custodial wallet. And then what happened?

I ignored it for 3 1/2 years because I thought that I should invest on 1 BTC and not in satoshis. That time, BTC’s price was under $600. I was broke and in bad debt, so I cannot afford to put my money there and continued doing unstable freelancing and network marketing stuff.

When BTC reached $10k for the first time in 2017, that’s where I got back into Bitcoin. But it’s better to be late than never, you know?

I give credit to Bitcoin of who I am today. Being debt-free, can afford to buy stuffs, travel anywhere, building Web3 communities, invited as keynote and panel speaker, etc.
legendary
Activity: 2492
Merit: 1332
Young people are willing to take more risks as compared to older generation. They are quick at adopting new technologies and learning new knowledge. They have better idea about what the future of finance and technology would be like. So, they naturally see a good scope in crypto space both financially and as an integrated technology.
They with their calculated risk can be more successful than their average older generation. And with advanced financial instruments in their hand, they can reshape the future of finance and financial structures.
Young people should take more calculated risks as it is on their interest to do so, after all if they happened to lose some of their money in an investment then they have a lot of time to recover, and if they are successful then their life can become way easier from that moment on, the issue is that they cannot recognize the difference between a calculated risk and a dumb one, so they invest in all kind of shitcoins hoping for the best when in fact they have almost no chance at all to make profits with those kind of coins.
hero member
Activity: 2870
Merit: 574
If young people can look for information about crypto in the right places, they will find many opportunities they can get to start working according to their talents.
However, young people are still interested in having a career offline because some think it is something they have always wanted.
If they can realize that technology is advancing and they can take advantage of that technology by learning, they will realize that the opportunities to achieve financial freedom will be more wide open because they can get many income opportunities that they can get.
Only a few young people want to start their careers online and still think that online careers cannot produce real results like offline ones.
hero member
Activity: 2968
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www.Crypto.Games: Multiple coins, multiple games
Young people are willing to take more risks as compared to older generation. They are quick at adopting new technologies and learning new knowledge. They have better idea about what the future of finance and technology would be like. So, they naturally see a good scope in crypto space both financially and as an integrated technology.
They with their calculated risk can be more successful than their average older generation. And with advanced financial instruments in their hand, they can reshape the future of finance and financial structures.
I would guess that the main reason for that is the fact that older generation could work and get something with their money, the world is filled with old generation people who worked at paper mill and bought 2 houses, one for winter and one summer vacation house.

The sad truth is that we are not going to end up with that, it is not going to be possible and we are going to end up with a result where it is not going to be possible for us to buy even a single house as a PHD if we want. That's the difference, you could be a high school drop out in 60's and work at some stupid job and buy a house and a car, you could be a PHD that is making ton of money and not be able to buy a house. Hence why the new generation works with more risk.
sr. member
Activity: 854
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Eloncoin.org - Mars, here we come!
There are so many profits from the Crypto market if we are ready to follow the path other people are following to market profits like trading, investing, staking etc. Those that have there own strategies as a trader or ordinary investors will surely keep making profits from the market because they have a way they do it to make themselves different from other investors. We need to have a style of making money from the market or else we can end up losing without knowing what could be the problem we are having.
sr. member
Activity: 1764
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Smart World Global Token
Young people are willing to take more risks as compared to older generation. They are quick at adopting new technologies and learning new knowledge. They have better idea about what the future of finance and technology would be like. So, they naturally see a good scope in crypto space both financially and as an integrated technology.
They with their calculated risk can be more successful than their average older generation. And with advanced financial instruments in their hand, they can reshape the future of finance and financial structures.
hero member
Activity: 1246
Merit: 556
Leading Crypto Sports Betting & Casino Platform
young people should take more advantage of the crypto space depends on their individual circumstances, risk tolerance, understanding of the technology, and their ability to make informed decisions. Like any financial endeavor, it's important to approach the crypto space with a combination of enthusiasm, education, caution, and a long-term perspective.

True that. It depends on a number of factors but I will say that it should be recommended for all young people considering the fact that most of the traditional financial service providers always end up f**king up their users. I have seen these time and time again. And also the fact that traditional finance is too restrictive. I mean, for someone planning to do a business, they'd have to tick a lot of boxes all in the name of compliance. Finally, getting crypto early will ensure young people are aware of the trends. Most of the aged people we seen today didn't take action on trends that were active in their time.

Crypto is here to stay. Better to get on the bandwagon even if its only on a "want to know" basis or as a hobby.
Traditions of money management? These old things cant keep up with the modern. These organizations have ruled for centuries, yet they've only created systems that benefit them. Businesses must go through safety hurdles. They stifle creativity, ambition, and innovation.

Young people now must break these old shackles. Check it out! All elderly folks missed at least one important trend. Continue repeating the same mistakes? No. Cryptocurrencies are a shift, not a trend. A wave that will transform our economy. I say steer the train, not just jump on it!
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