Why is cryptocurrency bullish in the long-term

[lixer]

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.

What happened can't happen again because those type of increases would require bitcoin to be few million dollars each at least, and that is not going to happen, or at least not anytime soon. What does make me optimistic about bitcoin however is the fact that I know it will go up due to inflation, not because bitcoin will gain value, bitcoin will be same value, but the price will go up, think about as this, whatever one apple worths in bitcoin should stay same, but the dollar amount of an apple changes so the bitcoin price changes to cater the same thing.

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.

[menoiazei]

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 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

[Dread Pirate Roberts]

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 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.

[wahyu wida]

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 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.

right, with limited supply, lots of advantages in it. especially now that bitcoin is only accessed by a small number of people on this earth, you can imagine if half of people need it, in the sense that many countries have legalized it. Of course this will provide benefits for current investors to achieve financial freedom. but indeed we have to be patient because no one knows when that time will come

[Davidvictorson]

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.

[Lorence.xD]

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.

[AicecreaME]

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?

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.

[Silberman]

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.

[TheUltraElite]

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.

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.

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.

[ROSERTY]

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.

[BETTYUI]

Bitcoin prices will constantly change according to demand, which shows people's recognition of Bitcoin. From the past to the present, the overall trend of Bitcoin price has been rising, and as people's consensus strengthens, Bitcoin will be very valuable in the future. And the popularity of cryptocurrency and the people who invest a lot of it now has become a trend.

[michellee]

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?

So far, cryptocurrency is promising to many people to make money and we already saw that many projects really give people a chance to make a profit. People can survive from bad days in a good day from crypto. Talking about the analysis, people learned so many things from the internet and they have a different lesson that will improve them in making money.

Although crypto has a bear or bull trend, in the future, crypto will have the bull trend again and even we are now in the bear, that will change soon. We need optimism and still work hard to survive in this bear trend because once we can pass this, the bull trend will come and give us the chance to make a profit.

[Clairvoyance]

Why are they so optimistic about the crypto market and how do they analyze and profit from it?

Since crypto is nearing its adoption phase we can expect its price to skyrocket in the coming years.
See the chart below:



It signifies a strong and steady support on Bitcoin over the years. Moreover, as the public become more aware of its uses and advantages it is highly sought-after than it was before. We can see transaction made with cryptocurrency will bloom over the years to come. Fiat might be the thing of the past and the more secure, stable and safer method would be Bitcoin and Blockchain.

[Renampun]

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?

if buffet was my grandfather and he asked me like this then I would definitely answer him well...

I'll say him..how you view the stock market at a young age, that's how we young people look at Bitcoin today. buffet is over 70 years old and at that age, he no longer has strong analytical skills like when he was young.

[TheGreatPython]

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?

If you’re going to be looking at Bitcoin as a source of income that you can steady rely on, then you’re making a mistake. Bitcoin is like my third source of income lol, and I don’t rely much on it because I understand the risks, and this is how everyone should see it. Bitcoin is not steady in bringing profit, and it is not a source that you can rely on to make income like on monthly, weekly, or daily, because you’re not sure what would be the outcome. Unless you’re trader, but even as a trader you stand a risks of losing your money when you’re trading Bitcoin.

[Gyfts]

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?

They're optimistic because they recognize most traditional currencies that are bound by government are due to fail because of irresponsible spending and corruption. There is no brains to profit from BTC. you buy in, wait until larger currencies begin to destabilize, and boom - your BTC is worth more than it was tomorrow. For some, it's not optimism, it's just accepting the harsh reality that paper currency is worth something because the government tells us it is. And we should trust the government why?

[Reid]

They're optimistic because they recognize most traditional currencies that are bound by government are due to fail because of irresponsible spending and corruption. There is no brains to profit from BTC. you buy in, wait until larger currencies begin to destabilize, and boom - your BTC is worth more than it was tomorrow. For some, it's not optimism, it's just accepting the harsh reality that paper currency is worth something because the government tells us it is. And we should trust the government why?

Indeed. I think most of our old men are stuck on that kind of view. Traditional view.
Even if they don't trust the government, it's just the simplest way to invest with no trouble which is wrong.

Investments should always have their risk. Bitcoin has risk, no doubt.
But, it had been years and it's still getting more valuable so I guess that answers how much risk were lowered because of the trust that is obtained from its followers. Here's the good part, it's growing.

[Kong Hey Pakboy]

It's bullish because the market of some select cryptocurrency is shown to have a really promising movement uphill which attracts investors which in turn makes the prices more expensive whcih makes the graph for the market go up and then attract more investors. Also worth mentioning that there's utility to some of the cryptocurrency in the market that adds to being bullish.

[horrifiedx1]

It's bullish because the market of some select cryptocurrency is shown to have a really promising movement uphill which attracts investors which in turn makes the prices more expensive whcih makes the graph for the market go up and then attract more investors. Also worth mentioning that there's utility to some of the cryptocurrency in the market that adds to being bullish.

In my opinion, the increase in bitcoin is not a matter of long or short time, but it is a simultaneous and continuous buying moment, so the price goes up. and when the price has reached a saturated position, many people will sell it so that a correction occurs. therefore we must be good at taking advantage of that moment to make a profit

[Tahsin Kabir Kollol]

As I would like to think, the field of the crypto venture is currently for the most part cherished and known by numerous individuals. Like the present youngsters, they are interested and they like an investment. Be that as it may, prior to putting resources into any coin you need to study outline investigation just as the future foundation and long haul heading of the undertaking. in any case, on the off chance that you put resources into shitcoins, it's simply a game called betting, and your danger of losing all that will be extremely high on the off chance that you don't find out about this cryptographic money market.