Young people should take more advantage of the crypto space. - page 4.

nelson4lov

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Quote from: aseprebel on August 22, 2023, 09:50:54 AM

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.

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Quote from: aseprebel on August 22, 2023, 09:50:54 AM

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.

Indeed, it depends on how they see Bitcoin whether it was an opportunity or just a waste of their time because we can't force them either. However, putting to the situation that they are more engaged in new technologies, it was not hard for them to understand this stuff but money as capital will also matter a lot to them. Because it was difficult to start investing without enough capital, we can't either say that they will take a loan for this but it should be their well.

Overall, this is a great opportunity for young people but still, they must consider their financial capabilities as well.

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Quote from: iv4n on August 22, 2023, 02:06:44 AM

I think that younger generations will take more advantage of the crypto space, actually, they are doing that already. But for me, it's much more interesting to think about what young people can achieve with the help of cryptocurrencies besides financial benefits. I believe crypto can be a necessary tool for major changes in the world. All that is needed are people who will support it, and as time goes by new young people will come, and there will be more and more crypto people in the world... with enough supporters around the world, the changes will come. In my opinion, it's a question of time. But in the same time I am aware that we can wait for decades before that.

I agree that the younger generation will be much quicker to accept cryptocurrencies into their daily lives. Much faster than the conservative older generation who are skeptical of such innovations. Another problem with the use of cryptocurrencies is their meager utility. With bitcoin we develop crypto payments, while with altcoins we only develop trading and various speculations, which are often accompanied by scams. A serious jump in the use of cryptocurrencies will happen precisely when people learn to see cryptocurrencies primarily as utilitarian properties rather than a Pump & Dump scheme. It is for this reason that the NFT proliferation has been a failure and almost all tokens have instantly devalued. People have not yet been able to endow them with utilitarian useful properties.

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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.

iv4n

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I think that younger generations will take more advantage of the crypto space, actually, they are doing that already. But for me, it's much more interesting to think about what young people can achieve with the help of cryptocurrencies besides financial benefits. I believe crypto can be a necessary tool for major changes in the world. All that is needed are people who will support it, and as time goes by new young people will come, and there will be more and more crypto people in the world... with enough supporters around the world, the changes will come. In my opinion, it's a question of time. But in the same time I am aware that we can wait for decades before that.

gurunanakji777

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We're all aware that blockchain technology is poised to bring about significant changes in the near future. Indeed, the younger generation has the opportunity to delve into cryptocurrencies and engage in investments within this realm, much like they do with stocks, gold, commodities, and real estate. The field is experiencing remarkable growth, with the crypto market offering attractive returns on investment. However, it's important to acknowledge the heightened risk associated with this market. Moreover, we must prioritize the safeguarding of wallets to prevent unauthorized access, and address the issue of hackers infiltrating exchanges. These aspects require attention in order to enhance security and instill confidence among new investors.

benoitlopes

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I couldnt agree more, the market may crash in the foreseeable future but the way AI is taking over I would say there will be some need for a crypto integration.

Ziskinberg

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Quote from: Cling18 on July 16, 2023, 12:26:54 PM

The younger generation is actually fortunate because they have this opportunity to learn about cryptocurrency at an early age. However, more of the youth these days need enlightenment about how the blockchain teachnology really works. It should be introduced in each country in a broader way so more of the new generation would have a complete idea on how to handle it because even us, the older generation are having a hard time dealing with its risk sometimes.
A huge number of the new generation still needs enough education about how cryptocurrency really works and if more would have openmindedness about it, many will surely commit on crypto space which will surely have a huge impact on our economy in the future.

Well, we can say that they are fortunate enough because they know Bitcoin at an early age but the question is if they are really interested in this or if they are interested in another thing. Because even though we thought this in school and had explained it well still we can't assume that all of the current generations had an interest in crypto as just like we have in the past, some will ignore it and think negatively.

Generally, age doesn't really matter because the important is if we have trust and interest as this will bring us to make a decision to invest.

disconnectme

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The good thing about Crypto is that it has come to stay but the innovation in the space is staling, most of the recent ideas are just copy and paste of the successful ones. For Crypto to have a real future we need to keep innovating and this is where I support that we need young people to take the advantage crypto presents and help to push the space forward. We need another Zero to One idea, most people are just here because it is very easy to scam others of their money

Xal0lex

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I wouldn't speak for all cryptocurrencies because most cryptocurrencies don't have the functions of a means of payment and decentralization. Most cryptocurrencies are centralized and only have speculative features to play on exchanges.

In order to utilize cryptocurrencies effectively, crypto users need to view cryptocurrencies in terms of their utilitarian properties rather than their speculative capabilities. Right now, the vast majority of crypto users are only interested in the cryptocurrencies themselves for the price and nothing else. With this approach, it is too early to talk about a revolution and mass adoption.

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The younger generation is actually fortunate because they have this opportunity to learn about cryptocurrency at an early age. However, more of the youth these days need enlightenment about how the blockchain teachnology really works. It should be introduced in each country in a broader way so more of the new generation would have a complete idea on how to handle it because even us, the older generation are having a hard time dealing with its risk sometimes.
A huge number of the new generation still needs enough education about how cryptocurrency really works and if more would have openmindedness about it, many will surely commit on crypto space which will surely have a huge impact on our economy in the future.

Bobrox

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I agree with your opinion about young people should take more advantage from cryptocurrency space but its not matter for young people only because old generation available take advantage with cryptocurrency. Have bigger opportunity to earn profit trough cryptocurrency and young generation have been smart how to adopt and use cryoto as long term investment assets in the future.

As young generation, should learn more with cryptocurrency and have option build their business with option accepted Bitcoin or altcoin as payment currency, right now with modern era, have many chance for young generation how to earn profit with their business not only focus accepted fiat payment only but also Bitcoin or altcoin is the best choose for payment currency and become investing assets in the future.

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I believe that there are many young people in that is involved in crypto now more than ever. One reason I think of that is the introduction of NFT games which pull them from gaming to discover cryptocurrency as it can be profitable. NFT projects are full of young developers after they doxxed themselves. It caused problems to some project after the public knows that the developers where young ones, community doesn't really believe that young people can handle projects and they don't think that the money they put into them wouldn't be used properly. I've seen threads like these on twitter way back when NFT games are still prominent.

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Young people can take advantage a lot from research the crypto space and attractive with cryptocurrencies. Cryptocurrencies can provide youth with opportunities for financial inclusion, investment diversification, and technological leverage. Young people can gain knowledge of blockchain technology, finance and valuable activities of decentralized systems by participating to develop rapidly. Early involvement in the crypto space can potentially lead to financial gains in the long term if young people make good responsible investment decisions. But getting into the crypto space for the very young can be a bit risky if they don't educate themselves and act speculatively. Learning about responsible investments and projects for young people to stay updated with the latest developments can help young people make the most of the various advantage in the crypto space.

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Quote from: wheelz1200 on July 15, 2023, 04:11:35 PM

I fully agree with you. Crypto is only going to be more prevalent in all of our lives every year moving forward. The early you hop on board the better off you will be. It's just like any other technology first movers always ride the highest of the waves. Now is still early.

They should not waste their time playing games after games when they know they getting older soon and they don't have any opportunity to get back what they have lost. In crypto find, not only do they learn the currency of the future but they also have a higher chance to earn money while using the information they gather about investment and trading. I see lots of young people who were productive in the crypto industry in its early years and now they are driving Lambo because they already sold the bitcoins that they bought when the price was low and some of them choose the right altcoins to invest and they multiply their earnings after years of holding it.

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In fact, if we take the OP's issue seriously, there is an environment in which scammers will find it difficult to operate, yet we still see the pull of hype about trends or profits on the market to have new people access to them. Many people I have met and they all admit that the biggest mistake is not doing research before starting, and with crypto the price is money for those who like to daydream without wanting to understand what it is really gives opportunity to all.

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Quote from: konflikkastil on July 15, 2023, 03:04:04 PM

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Even if young people do the stuff you've said, such as education and awareness, it doesn't necessarily mean that they can actually use that advantage to their benefit. It's just like any other industry out there imo, just that there are a lot more opportunities here since it's new, and there's a lot of information that's available since it was released in an age where the internet was prospering. Proof of that is there are a lot of young people who were able to take advantage of the boom of crypto, but at the same time there were also a LOT of untold people who got lost in their way and just crashed.

Plus, in this industry if you want to be a developer of it, you'd either have to study marketing or development. Some people who just didn't (or don't want to) study this would have to go to investing, which is another whole study, so it's not really for everyone, especially for young people who tend to not like studying, at all. It also doesn't help that this section isn't really taught to them in school.

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Quote from: konflikkastil on July 15, 2023, 03:04:04 PM

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.

We have a lot of young people coming in because they are living in a modern world and many of their courses are related to finance and technology I'm sure they will be attracted to the technology offered by Cryptocurrency and these young people are looking to be financially stable and Cryptocurrency is their opportunity to reach it, these young people are the one that will continue what we stand and fought for in the name of Cryptocurrency with our guidance of course, Cryptocurrency is the technology of the future is here to stay and these young people are the one who will continue to develop it.

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Quote from: wheelz1200 on July 15, 2023, 04:11:35 PM

I fully agree with you. Crypto is only going to be more prevalent in all of our lives every year moving forward. The early you hop on board the better off you will be. It's just like any other technology first movers always ride the highest of the waves. Now is still early.

Even in the latter days we'll get opportunity, but we don't know how long we need to wait further to make an entry in the similar price range or down to it. Even now we were able to see two year old kid using a smartphone on their own. When they grow big, they'll be much depending on technology based growth than the traditional ones. By the time the role of bitcoins will be high and demanding.

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Quote from: konflikkastil on July 15, 2023, 03:04:04 PM

Cryptocurrency also offers enhanced privacy and security, mitigating the risk of identity theft and fraud.

Yes, cryptocurrency provides privacy benefits but it's not all crypto that has the potential to provide privacy and security.

Quote from: konflikkastil on July 15, 2023, 03:04:04 PM

Understanding the fundamental concepts of blockchain technology, as well as the risks and opportunities associated with cryptocurrencies, is crucial.

Crypto is not only create for people, it was created for people of all ages and classes. However, what you mention above is something every crypto enthusiast must know in order to thrive in the crypto market.

Quote from: konflikkastil on July 15, 2023, 03:04:04 PM

They can join online communities like bitcointalk, attend blockchain conferences, or take online courses to gain knowledge in this field.

Is not a must that every crypto enthusiast join this community and the last time I checked some crypto enthusiasts don't know about this forum and they are doing well.
For conferences, it's not all conferences that are applicable for more knowledge some are created for business opportunities, partnerships, and jobs.

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