SquallLeonhart
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July 11, 2021, 06:04:41 PM |
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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. I doubt that anarchy is the opposite of order, people mistake that chaos and order are opposites of each other but that is not the point. In many African nations I have heard that people use crypto in a good manner and not in a anarchist mode, but since they are not doing what the governments of their nations want that's seen anarchist move, when in reality anarchy is not just disobeying government, it is destruction of law and order, which is not what they are doing, they are just trying to find a situation where they could make some money without being in trouble and I feel like that is something totally understandable considering how corrupt their governments are, it is the governments that are true anarchist in those nations and that is why what they are doing is not really such a bad situation for me, that is why I believe it is definitely understandable for kids to use crypto.
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BIT-BENDER
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July 11, 2021, 06:38:43 PM |
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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?
Make crypto-currency profit hasn't been strange from any other profitable Investment, especially like Gold, stock and many more, it's about opportunity in the crypto-currency market place, am not an expert on alt-coins I haven't made profit from them I have to be open about it, even not made much Profits from bitcoin either, but this year saw profits for those who invested in BNB, ethereum and bitcoin. But that is just bull run, don't be ignorant about bear run, or failed/scam Investment. I don't think anything is in long term, correction or Total drops and rise are in between, now that why some investors are short term and long term.
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Vaskiy
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July 11, 2021, 07:11:57 PM |
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With time the awareness and need for cryptocurrency will be understood well by the common people who at present doesn't have any idea about bitcoin or cryptocurrencies. When the demand counts, automatically the value will peak as it has got limitations in supply. The track record of bitcoin from its early days of existence to the present day is the proof for the same.
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blockman
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July 11, 2021, 07:31:32 PM |
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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
It is the usual market cycle that you've described. Taking advantage is when you know that the market is bearish and you're taking action instead of watching the price goes up a little by little and misses the most important part, and that is to buy when the price of bitcoin was still quite low and hasn't recovered yet. And the cycle will continue to repeat the process and it will reach a certain selling point where most of the traders and olders will meet and sell at the same time. As there's a pressure for selling points, that will make the price a little bit lower again and the cycle continues.
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Yatsan
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July 11, 2021, 09:36:13 PM |
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The trend of cryptocurrency leading to its bullish in the long run starts up upon those individuals who have taken the risk upon doing investment in which early adaptors and investors have made a decision to take risk even by the time cryptocurrency is established, it have started in a low value per coin. They have just believed into their investment until it brought up a good outcome on which have been a good news scattered that gathers many aspiring individual putting up their money for investment, bringing popularity, hyping the crypto market and due to various factors lead to the bullish trend we are having despite of the ups and downs that the market experiences.
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STT
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July 11, 2021, 11:59:32 PM Last edit: July 12, 2021, 12:14:08 AM by STT |
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I dont think people do analyze, they react and crypto moves gigantically such that its hard to ignore in its potential past and present. Who wouldn't be optimistic in that sense, a billionaire is immune in that he barely cares about the absolute money or profits available as its already more then he can spend. Warren objects on the principle yet he ignores the failings of government and the FED to back currency properly except at face value, this has led to the decline of the common worker and plain opportunities available to them through capitalism. Try as he might, he will struggle to see the great loss that occurred to the poor and plain worker, as he has unlimited capital all the avenues are open to him still; in his old age he has become biased and narrow in his view. Warren isn't a bad guy, he started off with pinball machines and simple ideas but he cant relate his own humble beginnings that many would have sneered at decades ago with his own disapproval of the technology and utility that crypto gives a new generation. Crypto is bullish so long as it enables people in some way especially if its unique and not normally available, technology can often be efficient in this way. Long term it has to do a better job then alternatives, the ending of the Bretton Woods system would be an event that upsets and changes the world in a way only occurring once a century perhaps so its massive opportunity. Capitalism is all about people (within its definition) its the mirror to democracy not an opposition, its the opposite of what people imagine in scale of effect. So crypto has to enable people to succeed is my basic take; this is the bullish part that people are profitable if you let them.
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rosebrand
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July 12, 2021, 01:40:16 AM |
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Like it's always said knowledge is power, most people loose capital in crypto because there refuse putting in much efforts and expect good results, most newbies due to hype buy some coins at a very high price and end up loosing funds when prices retraces, so this is more reason why more efforts and time is need, try to educate yourself on how the cryptocurrency works, tho the market price can't be predicted perfectly but with good knowledge you can be at the safer side.
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jinneas
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July 12, 2021, 06:02:34 AM |
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Encryption currency is a transaction medium that uses cryptographic principles to ensure transaction security. Cryptocurrency is not regulated by the government and can be used as a decentralized currency to diversify the risk of inflation. It is easy to trade and can be traded globally. The field of cryptocurrency investment is recognized and loved by more people, and its value will rise in the long run.
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TheUltraElite
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So anyway, I applied as a merit source :)
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July 12, 2021, 06:21:50 AM |
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In many African nations I have heard that people use crypto in a good manner and not in a anarchist mode, but since they are not doing what the governments of their nations want that's seen anarchist move, when in reality anarchy is not just disobeying government, it is destruction of law and order, which is not what they are doing, they are just trying to find a situation where they could make some money without being in trouble and I feel like that is something totally understandable considering how corrupt their governments are, it is the governments that are true anarchist in those nations and that is why what they are doing is not really such a bad situation for me, that is why I believe it is definitely understandable for kids to use crypto. I understand your point here. Definitely not possible for outsiders to know the real situations in these countries where governments are corrupt. Lets hope the situation becomes better, but I have actually lost hope for these countries because I have watching the same situation for more than a decade now, but hope is always a good thing. Since their government does not like its people using crypto, nothing more can be done except watch them go back down in the course of evolution. 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 At the point when someone is selling, someone is also buying, otherwise the trade would not happen. I dont think this is related to bullish trend in long run but regular trading. Supply-demand gap is the point here, I am guessing you are trying to hint to that. To have a bullish long term scene you need be able to generate an inherent market and bitcoin does that by gradually going mainstream. Most altcoins have failed because they cant develop such a process or is lacking in developing the supply/demand ratio.
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fullhdpixel
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July 12, 2021, 05:39:39 PM |
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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.
That is because back in the day you could live in a life with wealth. The baby boomers are not understanding what we are going through because the gap between wealth is just staggering, even the richest person of those days were not rich enough to actually buy a whole nation for themselves, we are talking about a big difference. After the second world war when people started to be born in 50s and 60s those people could have get a college education and be a CEO by the time they retire, or they could be high school graduate and they could still buy a house and a new car ever 5 years, hell they could have been a high school dropout and they could still afford a house by the time they retire. Can you imagine the "average" high school dropout today to be able to buy a house? I am sure there are some that managed to do it but that is not the average, the average high school dropout starves to death these days. Hence the difference causes them to not realize our problems because they never had that trouble.
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Silberman
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July 12, 2021, 08:46:18 PM |
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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.
What we see is a great amount of misinformation given by the government and since people are naive they believe whatever they are told, but for those that take the time to actually make their own research bitcoin immediately comes up as one of the best if not the best form of money we have available right now, this makes bitcoin valuable and if anything it will get more and more valuable as governments keep printing money thinking they can get away with it forever, but soon enough they will discover this is not the case anymore but by then it will be too late.
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Princejebs
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July 12, 2021, 10:22:04 PM |
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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?
The early investors believe on the foundation laid by Satoshi, this I why bitcoin has managed to increase over the years. You will come to the post in the next 10 years and said I wish I have bough more bitcoin then because its keep increasing in value every year mate. The only challenge with bitcoin so far has been its volatility but on a second thought, that's what make bitcoin and crypto more interesting simply because of the watery profit and loss perhaps ( also profit in future)
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andriarto
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July 13, 2021, 04:01:20 AM |
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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?
The early investors believe on the foundation laid by Satoshi, this I why bitcoin has managed to increase over the years. You will come to the post in the next 10 years and said I wish I have bough more bitcoin then because its keep increasing in value every year mate. The only challenge with bitcoin so far has been its volatility but on a second thought, that's what make bitcoin and crypto more interesting simply because of the watery profit and loss perhaps ( also profit in future) with its supply still different from fiat currencies, and more and more in need of it even though legalization is still difficult, I think bitcoin is a new breakthrough that goes against the current government system that can print its own money. but we see more and more people who are aware of and study bitcoin and predict what will happen in the future, so that the development of bitcoin seems to be unstoppable even by the government.
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perfect999
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July 13, 2021, 02:55:18 PM |
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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?
Predicting cryptocurrency can be very difficult, because the market is volatile. And it is not like other assets that are controlled by the government , it is totally on its own and is influenced by the buying and selling (demand and supply) in the market. But that’s not to say that you can’t go through technical and fundamental analysis when you want to predict the market, but it can be wrong a lot of times, because any event can take place and bring a change that is totally different from what you have thought would happen. So being a trader or investor in the cryptocurrency market requires a lot of hard work and being up to date.
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kapalmabur
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July 13, 2021, 03:40:04 PM |
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Like it's always said knowledge is power, most people loose capital in crypto because there refuse putting in much efforts and expect good results, most newbies due to hype buy some coins at a very high price and end up loosing funds when prices retraces, so this is more reason why more efforts and time is need, try to educate yourself on how the cryptocurrency works, tho the market price can't be predicted perfectly but with good knowledge you can be at the safer side.
That's right and it's definitely not easy to make a profit in cryptocurrency, especially for beginners they need to learn more because nothing is instant here, and as you said knowledge is very important and need to work hard to understand it
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Silberman
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July 15, 2021, 10:14:43 PM |
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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?
The early investors believe on the foundation laid by Satoshi, this I why bitcoin has managed to increase over the years. You will come to the post in the next 10 years and said I wish I have bough more bitcoin then because its keep increasing in value every year mate. The only challenge with bitcoin so far has been its volatility but on a second thought, that's what make bitcoin and crypto more interesting simply because of the watery profit and loss perhaps ( also profit in future) Anyone that takes the time to look at the posts that were made years ago will see the same that is happening now back then when bitcoin was cheaper, there were people that thought that bitcoin will never touch dollar parity or that we could never reach 1k per coin and now look at bitcoin and its value, so it is to be expected that the same is going to happen again during the next decade and the people that are now wondering if bitcoin is a good long term investment are going to regret not using every single cent they had available to buy bitcoin right now.
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fara_buduk
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July 15, 2021, 10:30:16 PM |
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In the midst of the pros and cons related to crypto assets, in fact now more and more young people and economic actors are moved to be involved in it. So, what is the reason they choose crypto investment because blockchain technology, which is under all crypto assets, can trigger a financial revolution in the future
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Liamttw (OP)
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July 16, 2021, 08:49:23 AM Last edit: July 16, 2021, 09:00:55 AM by Liamttw |
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Nectar attracts bees. Thats the point here. People want to get rich and make money by putting in least efforts. That is why they get FOMOed and start buying things that are high. I am not trying to dissuade anyone willing to buy bitcoin, but they see the profits that they could make if they bought bitcoin a few years back. Why are they so optimistic about the crypto market I cant say from their perspective, but hype is defenitely a part of it. Maybe some of them actually understand how bitcoin works and they believe this to be having an important utility in future. and how do they analyze and profit from it? I assume you are asking as a newbie. So as advice to newbies, stop listening to youtube videos about crypto. Learn how it works and see its use-fullness, then go for analyzing charts. If you have a background of stocks you will not find it difficult at all. About making profits, spot trading is what I suggest to all newbies but point of entry should be low. That you have to decide on your own and defenitely is not 40k USD - that would be a loss at this time. Only go for margin trading if you are well-versed in it, otherwise not. Thank you for your advice and guidance, it is very helpful to me. I am also learning to understand the crypto market and price trend analysis charts, analyzing and judging investment timing. And I hope that I can invest and earn profits based on suggestions and learning.
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Tina H
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July 16, 2021, 09:06:23 AM |
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In the long run, the global circulation of cryptocurrency will become more and more common, and it may even reach the supermarket to buy food. As more and more people use cryptocurrency, the number of cryptocurrencies will decrease. When the quantity decreases, the scarcity becomes more expensive, and the price will naturally rise. Secondly, more and more people are also beginning to like to invest in cryptocurrencies. When a large amount of money flows in, the amount will change. Cause a qualitative change, and the price rises naturally.
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tygeade
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July 16, 2021, 09:09:54 AM |
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The real reason is that we are all very much in love with what bitcoin is bringing to the table and that is not something we will be leaving anytime soon, we are going to have to force ourselves into a level where we have to accept the fact that bitcoin will not be just a profitable thing but also beneficial thing and that just doesn't exist anywhere. Who in the world knows a thing which you can invest into that not only helps you keep profiting, but also allows you to spend it anytime you want?
I do not think that "invest into dollar" is something that makes sense to many people, which means that bitcoin is the only one, hell we can't even spend gold these days. Long story short the great thing about bitcoin is the flexibility, it is the all in one package of investments and that means a lot to many people, we just have to accept that and realize that about bitcoin.
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