Why is cryptocurrency bullish in the long-term

[Coyster]

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?

That's a somewhat broad question as there are many perspectives to it, you can't really sum up all the reasons into one, a weird one is that quite a lot of them aren't aware of the history of some of this coins, neither have they witnessed a bear market, or a coin dumping just after it pumped, or projects that were basically created just on the basis of scamming people.

The media or the news most of this newcomers have been exposed to is that which someone was lucky to earn a lot of money on a 'lottery' coin, or a Bitcoin bull run that creates so much furore amongst many, even those that have never owned a wallet etc, many of this people have only heard success stories, so they want a bit of that success, and that tends to be the driving force wheeling them into the network.

Having said that, another reason will be the present financial situation, inflation/hyperinflation, plus the rise in the prices of commodities are all happening right in people's faces, there's a need to hedge funds from devaluation, but this reason is mostly the driving force for institutional investors who have huge sums of money, for most of the others, it's an adventure to get rich pretty fast.

[Oasisman]

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?

Because of the hype that crypto market brings. There were a lot of opportunities to invest in crypto and get a very huge profit, Bitcoin is the major one.
But as the time passes by more and more alts has been added to the market and most of them aren't as promising as the top 10 coins in the market. Some have made significant gains, thus causing some investors to fomo.
These young people that you're talking about have probably been influenced by social media influencers which was also been paid to shill and put a hype into a specific altcoin.

[Silberman]

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?

It is not difficult to see why we are so optimistic, bitcoin right now is the most fundamental sound form of money we have around the world, bitcoin is better than any fiat currency and it is better than gold and silver and compared to those markets bitcoin is still quite small, this means that during the next decades bitcoin will steal market share from both of those markets and make it its own so its potential is huge, also almost all markets seem overvalued while this one is undervalued so from the standpoint of those investors not interested in the technology bitcoin is a great investment still.

[sunsilk]

It is because we're all going to the age where most investments are disruptors of fin tech and that's why new investors likes to have it. When I've first found out about bitcoin, I'm very much exciting to know about it and the beautiful future that it can have.

As for the profit, it's normal. Just as the usual businessman that gets profit from buying and selling. That's the same with bitcoin, you don't have to understand too much technicalities of it as long as you understand that logic.

[just_Alice]

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.

[TheUltraElite]

It is because we're all going to the age where most investments are disruptors of fin tech and that's why new investors likes to have it. When I've first found out about bitcoin, I'm very much exciting to know about it and the beautiful future that it can have.

We use the term Fintech too liberally though. The proponents of different DeFi and stablecoin pools have been using that term to promote their projects way more than what bitcoin has done during it first few years. Eventually these buzzwords tend to lose their importance and as we can see the DeFi system is also ended up as another massive hype driven cesspool.

As for the profit, it's normal. Just as the usual businessman that gets profit from buying and selling. That's the same with bitcoin, you don't have to understand too much technicalities of it as long as you understand that logic.

But I would suggest people to learn how bitcoin works before you invest in it. If one do not have the knowledge of how something works they will never learn the long term importance of that. It will only remain a pump and dump shitcoin to them. This is where the concept of faith in some new technology comes in.

One can sell coins out of need of making a profit but why some people end up dumping their coins in FUD? Because their background knowledge and research of that coin was zero.

-snip-

Your post defenitely deserves some Merit, unfortunately I dont have any left. Good to see that @Betwrong has taught you these things well.

[Kittygalore]

Well, not every cryptocurrency is going to be bullish, I'm going to tell you that remember that in the sea of cryptocurrencies, there's a big amount of shitcoins that are created to make their developers millionaires. I think the reason that some cryptocurrency is bullish is probably because people believe in them and that they have a lot of people adopting it like what bitcoin did, don't forget that it also has a utility.

[Kakmakr]

The reason is simple, people look at the price history of Bitcoin and other Crypto currencies and they expect that the same pattern will repeat it self and based on that they project a recovery after every drop in the price. The popular saying in Crypto has always been, "Buy the Dip" and people stick to that.

People who "invest" in Bitcoin or Crypto currencies are setting themselves up for possible failure, because Bitcoin and Crypto currencies are not supposed to be an investment option. Bitcoin is supposed to be a "Currency" and if you use it as a currency.. then your chance of losing money will be minimal. 

[Caldear]

Bitcoin is being accepted by institutions all over the world, thus driving the development of the cryptocurrency market. Now cryptocurrency is more used as a valuable means, and brought high profits for investors. Cryptocurrency is profitable for long-term holders and will enable them to achieve wealth freedom.

[ven7net]

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?

I believe that the answer to your question is obvious. The fact is that a lot of time has passed since the advent of cryptocurrencies, and all this time the price of the same BTC has been constantly growing and is already at a fairly high level. At the same time, everyone who bought BTC earlier now has a huge profit. Proceeding from this, many now seeing this understand that investments in crypto, and even more so in BTC, are very profitable and can bring excellent profits in the future. Therefore, many will continue to invest in cryptocurrencies, at least in order to preserve their funds and multiply them well.

[xSkylarx]

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.

[imstillthebest]

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

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 .

[swiftbits]

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.

[DrBeer]

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?

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.

[Hispo]

...

• ... 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.

[danherbias07]

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.

[Vishnu.Reang]

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).

[goldade]

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

[Shenzou]

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.

[el kaka22]

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.