Bitcoin ‘Young Investment’ Wallets at Highest Level Since February 2018

[sunsilk]

It is their responsibility to do research first or ask through any medium that's related to bitcoin investments, actually there's a lot of them if they'll just search it properly. There will be people who are willing to help them unless that guide has intention of shilling the project they're investing with or guide people through wrong so called 'bitcoin investments'.

Being a victim once is already enough to learn and, I guess many have decided to pursue holding and buying bitcoin after understanding it and making a plan how long they should hold it as an investment.

But unfortunately others doesn't bother to do a research and only listen to the people who invite them on that scam sites but what good thing there is other learned their lesson and do some good counteractions regarding on the incident happen to them, I see a lot of people now are talking about trading on binance and also in uniswap which I think a healthy way for them aswell for other to have a fresh start.

That's their problem if they don't take time to research with their investments involved to bitcoin. And with these stats, this shows that a positive thing has happened within the last two years with those wallets.

People learned and it's easier to hold than to put it elsewhere that promises guaranteed profits. Luckily these people have had enough with the past experiences that they probably had or simply learning with the share of others experience.

[beerlover]

I understand that people may believe we need to first have some sort of education before we get into trading but you can't control other people, which is the main reason why they will do mistakes and they will think of bitcoin as something not so nice at all. Obviously bitcoin is awesome and we all love it, however these new people will do stuff that they shouldn't because of lack of knowledge and that will cause them to actually end up losing everything they have very quickly.

I know a guy who lost 20% overnight, dude was playing with leverage in a wrong way and obviously he didn't know so that caused him to lose it so quickly. You can't stop them from mistakes AND you can't stop them complaining about how "bitcoin is a scam" because they lost money, it is out of our control unfortunately.

[Oceat]

...
You can't stop them from mistakes AND you can't stop them complaining about how "bitcoin is a scam" because they lost money, it is out of our control unfortunately.

Just because they made a mistakes due to their lack of knowledge they're now complaining how Bitcoin is a scam? They shouldn't be trading in the first place if that's how their mindset is. Everyone is required to do their own research before entering the crypto world if not why invest/trade in the first place? They have no idea how the whole market is moving, they should have at least an insurance if things didn't work out.

[CryptopreneurBrainboss]

The pandemic opened many individuals eyes, they began to realize all the do called safe heaven they thought they had like Gold, OIl etc couldn't secured their funds and prevent losses instead they were the asset with one of the worst hits (most especially oil). It's quite normal for them to start looking for other more reliable alternative and with bitcoin making waves of recent due to it's impressive recovery rate, it's no surprise more and more investors are picking interest in the currency.

Seeing that February 2018 (after bitcoin peaked it highest in December 2017) was when this previous high inflow of young investors was recorded, it's quite understandable we're experiencing similar occurance. After the correction then, many investors would had thought Bitcoin will recover and continue the upward movement to greater highs but didn't play out as they expected.

Now judging from the price few weeks back as bitcoin peaked it highest of the year, it could be same assumptions that led to the highs of new investors in n 2018 is what is repeating itself now but here's is the positive part, unlike that of 2018 that saw a continuous decline in price, this time it would be different since we're still in the accumulating stage instead of the peak.

[shoreno]

and are rarely send bitcoins

so what is the big deal with that  . we will be more happy if those wallets are being used actively but if not , the user of those wallets only test the bitcoin if they will like it or not and maybe not because they ended up leaving but we can investigate or watch those wallets if they will become active in the future  .

the investor interest remained strong even as prices fell back sharply to $6,000 in February 2018.

theres no way to tell if those investors are still the same except if they will do a survey and check all those that do a kyc but i feel that most of the users are quitting after the bull run .

[jseverson]

The pandemic opened many individuals eyes, they began to realize all the do called safe heaven they thought they had like Gold, OIl etc couldn't secured their funds and prevent losses instead they were the asset with one of the worst hits (most especially oil).

Gold has been doing fine though? I mean I guess supply lines were hit, but that shouldn't have too much effect on retail investors. Bitcoin has definitely done better YTD, but it's looking to me like the pandemic hasn't really given people much reason to sour on it.

the investor interest remained strong even as prices fell back sharply to $6,000 in February 2018.

theres no way to tell if those investors are still the same except if they will do a survey and check all those that do a kyc but i feel that most of the users are quitting after the bull run .

Well not individually, but this is Chainanalysis, which is generally believed to know their stuff; I'm sure there are trends which led them to this conclusion. It's not hard to believe that the general market sentiment has improved this year either, after the shitstorm the global economy has gone through.

[smyslov]

"Overall, the data suggests that buying pressure for bitcoin is increasing, and the supply available to buy is reducing as new purchases likely get locked up for the long term," Gradwell said.
Bitcoin is trading near $10,900 at press time, representing a 52% gain on a year-to-date basis, but still down 83% from the record high of $20,000.
The number of young wallets surged from 791,289 to 2,000,000 in the second half of 2017 as bitcoin rallied by $2,000 to $20,000. The investor interest remained strong even as prices fell back sharply to $6,000 in February 2018. [/left]

This is because of the resiliency of Bitcoin it always bounces back fast and Bitcoin have proven itself as one of the most stable investment in the market and this pandemic they have proven it again, expect the new wallets to increase and expect new investors to come in the market so even if there is no indication of all time high expect the number to double.