Why Do Young Investors Prefer Cryptocurrencies?

[PhucS]

In my view, I think this is due to the popularity of crypto and it is possible to make high profits in this market. On social networks, articles about crypto appear a lot due to the amazing development, which can also affect young people. The crypto market is highly volatile, which can yield huge returns, which attracts many young investors because they want to get rich quickly.

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[promotedigitally1]

The cryptocurrency market has, over the last year, experienced extreme volatility. It is experiencing phenomenal growth and is no longer just a token investment, but an investment class.

There are many different cryptocurrencies, and within each, there are dozens of options. But can the general public be expected to understand all the terms, risk levels, and other factors that go into investing in the cryptocurrency market?

Is investing in cryptocurrencies a safe or risk-free avenue for the average investor? It is true that many experts believe that cryptocurrencies have enormous potential and have the potential to disrupt industries across the globe.

But it is also true that there is a lot of money to be made by the wrong people.

[Tipstar]

One of the reason I prefer crypto investment is they are easy to buy and sell online. Most of the things are automated and you can set your own pace for trading. There are no rules or brakes that would prevent you from trading your coins anytime. Even though stocks are much easier these days, there are still strings attached to its trade. Anyone with a bank account can start trading crypto without even interacting with anyone or providing any of your details.

[chuckweitzman]

What you are saying is correct and I agree with you totally. Young minds nowadays are smart and willing to take risks for better rewards unlike the old people who only want to gain rewards and think that if there are risks involved then it isn’t a good idea. They only think about making profits and not the entire journey. Meanwhile, young minds tend to explore things and enjoy the journey that they have to go through to achieve success in taking risks.

[sarmrakib]

younger generation prefer technology , they wanted an easy use and this is what Bitcoin and the whole crypto taking their attentions .

now they are one of the investors here in crypto space and as we parents? we are proud of what they are doing .

Exactly my thought ,Technology are leading the world .Its an easy to say that the the younger generation will are surely involve cause they will lead the world as well .However the Blockchain is an exceptional technology which has power to lead the world through with the new innovation .So bitcoin is the best coin in this platform and the investor especially the young investor are coming heavily to invest here .Its really great the upcoming days will be on Blockchain .

[Ngewex Yuk]

Various data show that bitcoin is the most profitable investment since 2010, although there is a lot of negative news about bitcoin but this actually makes young people curious and try bitcoin investment, when it proves to be profitable then they share it on social media so that it makes friends interested in investing in bitcoin .

[GatotKaca]

Various data show that bitcoin is the most profitable investment since 2010, although there is a lot of negative news about bitcoin but this actually makes young people curious and try bitcoin investment, when it proves to be profitable then they share it on social media so that it makes friends interested in investing in bitcoin .

those who have proven to benefit from the bitcoin market I think they will realize the potential of investing in bitcoin.
but some people still find it very difficult to accept bitcoin because of the very fast-moving nature of the market. for those who are not comfortable with it, think bitcoin is a manipulation and a scam.

[maydna]

Various data show that bitcoin is the most profitable investment since 2010, although there is a lot of negative news about bitcoin but this actually makes young people curious and try bitcoin investment, when it proves to be profitable then they share it on social media so that it makes friends interested in investing in bitcoin .

those who have proven to benefit from the bitcoin market I think they will realize the potential of investing in bitcoin.
but some people still find it very difficult to accept bitcoin because of the very fast-moving nature of the market. for those who are not comfortable with it, think bitcoin is a manipulation and a scam.

Young people now become smart to see a chance to make money and they share that news on their social media, which makes them curious to learn more about bitcoin. When they know negative news about bitcoin, they can calm down for a while and search for other news to know if that news is fake. If they can use it for their benefit, they can become a young investment who will have a better life in the future.

[bitzizzix]

Perhaps because of the ever-growing technological advances, which makes young investors adapt to their penchant for technology and other reasons because other investments existed before technology developed and were done manually.
because in my opinion basically all humans will adapt to technological advances including crypto which is the first digital currency in the world which in my opinion is an investment instrument that is still relatively new compared to other investments, and there is a possibility that over time, new young investors will continue to grow .
and the most appropriate reason is an investment that can provide a promising return that can realize what they need or want in their lives in a short time, besides security, comfort and freedom in using it. and also they can completely control it themselves without involving anyone and so on.

[Oilacris]

Various data show that bitcoin is the most profitable investment since 2010, although there is a lot of negative news about bitcoin but this actually makes young people curious and try bitcoin investment, when it proves to be profitable then they share it on social media so that it makes friends interested in investing in bitcoin .

those who have proven to benefit from the bitcoin market I think they will realize the potential of investing in bitcoin.
but some people still find it very difficult to accept bitcoin because of the very fast-moving nature of the market. for those who are not comfortable with it, think bitcoin is a manipulation and a scam.

Young people now become smart to see a chance to make money and they share that news on their social media, which makes them curious to learn more about bitcoin. When they know negative news about bitcoin, they can calm down for a while and search for other news to know if that news is fake. If they can use it for their benefit, they can become a young investment who will have a better life in the future.

Its not about being smart but rather the influence of todays technology which did really make out some easier way for the youth or young age would know about cryptocurrencies since this had been currently the
trend as of this moment which it isnt surprising that there would be some easy engagement and considerations given.

Also with age it is really been affecting because some of youngsters arent still eligible on opening some bank accounts specially dealing with traditional investments which it is just understandable
that when it comes to access then it would really be that pretty hard.

[uneng]

Why is this the case? The elder always tell young people to be patient, but what they don’t realize is that if young folks took the advice, they may never get the same returns, no matter how hard they work.

You have already answered your own question. That is the main point. Young people saw in bitcoin an opportunity they didn't have in traditional markets. They grew up listening and watching successful stories of celebrities who thrived in life, they watched movies which inspired them to look for a better quality life and were also incentivized at school since childhood to do so.
For many of them bitcoin became an interesting tool to make their dreams finally come true, as there isn't any other alternative around.

[Aurorra]

Cryptocurrency is very popular nowadays, and young people will pay more attention to popular things. They will understand the meaning and value of Bitcoin from multiple channels, and know that Bitcoin brings profit opportunities. And as the value of Bitcoin increases, more and more people will pay attention to and love it.

[suryogandul]

Cryptocurrencies are currently targeting millennials, and today's cryptocurrency investors are young people. besides that cryptocurrency is also easy to use and access by young people, with their thoughts related to technology making it easy for children to be in crypto. that's the reason why young investors mostly choose cryptocurrency

[Natsuu]

Young prefer crypto not just because of the offers but because of the accessibility.

TO be able o trade in fiat, there are certain requirements you need to pass, and it is quite stressful to even get the requirements in young ages, especially that you need parents consents and such to be able to have an account. On the other hand, for crypto, it is so easy to have a wallet and a trading accounts, plus you don't need your parents consent for such things. You don't even need to open a bank that has your parents notified whenever you have a transaction that is pretty annoying.

So yes, crypto is a platform that young can fully explore their own without the consent of their parents.

[Fortify]

Why do young investors prefer cryptocurrencies? Or, to put it more plainly, why do young people like crypto speculation? In the public eye, the phrase “crypto speculation” is often associated with negative implications such as “radical”, “high-risk”, and the “ambition” for getting rich. However, the preference for cryptocurrency among the young seems to be unstoppable. According to the latest report released by Crypto.com, in January 2021, there were 106 million crypto holders worldwide, and the figure has surged to 221 million by August 2021, compared to only 66 million in May 2020. The doubling of holders during six months shows just how popular cryptocurrencies are.

It is silly to base your whole thesis on young people buying into the housing market within China and how property prices have moved in the last couple decades. As we see by the biggest property developer in China just about to go bust, what goes up really fast is likely to come down just as fast - it was an illusionary profit that basically resembled a ponzi scheme, keep adding new investors until the money runs out. Young people, due to a lack of experience, generally go for much higher promised returns because they are looking for short-cuts to wealth. Old-timers know that a vast majority of those short-cuts will leave you penniless. However one advantage younger generations have is they have plenty of time to recover from losses but the majority will need to learn that slow, steady growth is much more desirable over boom, bust attempts.

[the rise]

Of all the investment businesses, (other than gold and silver) bitcoin is a very simple investment but has the potential to make huge profits in the not too distant future. Yes, we know the risks are also big. But that's equivalent to the profits we get.

[clorasteinberg]

Maybe because they're the ones that embrace new technology the fastest. I believe cryptocurrencies are a great alternative because they have a low cost for entry, and it's easy to trade them.

[wissy]

People don’t want to be regulated when it comes to their investment’s. We clearly saw what happened with centralised app robinhood, when GameStop stocks saga exploded. They were pushed in to a corner and was forced to limit access of their users. Which was a clear market manipulation with leverage of power.
This is the exact situation people wants to avoid, and cryto right now gives you free hand when it comes to investments.

[Wildwest]

According to field surveys indeed many investors who play in the crypto world are 20 years old, and they on average already have considerable assets and everything they get from investing in the crypto world, and they have a very big mission and believe bitcoin will definitely grow in the future, if we believe it will be very easy to profit in the crypto world then this is a very easy mission to run by Young investors, and their thinking is still very active and intelligent so it is very easy to accept by their minds.

[King Raymond]

I think younger investors are a bit shy in terms of finance, as such are disposed to risk the little they have to gain more, since cryptocurrency is generally perceived as a big risk big profit investment