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Author Topic: Bitcoin in Gen Z  (Read 669 times)
izay (OP)
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April 25, 2022, 02:45:18 PM
 #1

Facing different struggles in life teaches us that everything is important. Calamities, pandemic diseases, wars, hunger and everything happens in this Generation. This phenomena open the mind of everyone that virtual thingy is possible. Embracing digital currencies, virtual platforms used in education, business and many more are in demand in today's living. Bitcoin, nowadays are known everywhere, it is in demand. Continuing and adapting these changes will rise Bitcoin as the Digital King of Today and Future Generation.
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April 25, 2022, 04:12:32 PM
Last edit: April 25, 2022, 04:37:26 PM by Zilon
 #2

The relevance of the virtual space and virtual currency has come alive. The different economic, social, religious , political and peer pressure is pointing towards an alternative form of human existence which is the virtual world. And one interesting thing about this space is larger community of like interest can be built upon this without fear of threats to human existence

So far everything around us keeps pointing towards this ranging from Insecurity to currency devaluation and economic crisis, even the political sector is not exempted. It will wise to position one's self in anticipation for the next form of human evolution
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April 25, 2022, 04:25:20 PM
 #3

For now bitcoin will serve as the digital king, but we can't be sure with the future. In the fast moving world we have been experiencing transition in different forms. What has happened from fiat to the present cryptocurrency is one form of growth in this generation. Technology advances with time, so will be the need of the people. Based on this surely the next generation will look for better form of development.

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April 25, 2022, 06:17:49 PM
Merited by The Cryptovator (2), famososMuertos (1)
 #4

I think we all know that GEN Z are those individuals that were born between 1997 - 2012

Gen Z is the name given to the current generation of young people by many demographic researchers. According to the Pew Research Center, Generation Z consists of people born between 1997 and 2012.

Probably this article will state some relevance between Bitcoin and Gen Z

To highlight the important info from the article:
Quote
  • Millennial, Generation X, and Generation Z investors are most likely to hold cryptocurrencies, while baby boomers are highly unlikely to invest in digital currencies.
  • Cryptocurrencies are the most common type of investment for millennials, on par with stocks and investment funds.
  • Younger investors believe that the greatest return on their investments over the next decade will come from cryptocurrency.
  • Despite the enthusiasm, many investors across all age demographics believe that cryptocurrencies are "too risky" for their investment portfolios.


Here is another Link for Crypto investment DATA comparison between generations.

Quote
Key Findings
  • 94% of all cryptocurrency buyers are Gen Z or Millennials (18-40 years old)
  • Gen X buyers purchased an average of $9,611 crypto last year while Millennials bought $8,596 and Gen Zers bought $6,120
  • Millennial crypto buyers have 5.4x more student loan debt, 2.3x more auto loan debt, and 1.7x more student loan debt than the nation average



With that, we can say Gen Z is bullish on Bitcoin.  They fully grasp the essence of online transfers and transactions and are somehow aware of the importance of cryptocurrency  in their future.



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April 25, 2022, 06:18:09 PM
 #5

The world moving toward digitalization, Bitcoin is a part of that movement. It's true we learn a lot from the current pandemic of COVID-19, it forced us to use the digital world and we realized how important is it. So more people will be interested in digital currency. Since Bitcoin is the mother coin and king of digital currency, we may expect more adaption of Bitcoin. We have been seeing institutional investors always entering to the Bitcoin and it will increase more day by day.

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April 25, 2022, 06:50:00 PM
Merited by tranthidung (1)
 #6

I think we all know that GEN Z are those individuals that were born between 1997 - 2012

For now, bitcoin and cryptocurrencies and mostly a millennials.

Generation Z people are still studying, they are just kids or having their first jobs. They do not have money to invest yet.

Anyway, it is very likely that cryptocurrencies are still going to be around in 5-10 years, when Gen z are going to be working and making money and investments.

We can see that younger generations are more willing to invest in stocks and cryptocurrencies than older gen


https://www.investopedia.com/younger-generations-bullish-on-cryptocurrencies-5223563

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April 25, 2022, 07:21:50 PM
 #7

Millennials is the generation which pushed bitcoin and the whole crypto ecosystem to the standards we see today. They are responsible for the development, the large market volume, the abundance of services provided and everything else embracing cryptocurrency. The called Generation Z is still a mistery that only time will tell if they are able to overcome millenials in adoption or not. There are different factors which influence their decision in a way or another. The main one I think it's the kind of educational influence they receive on their daily routine.

The issue is that a considerable portion of Generation Z has grown hearing they should hate capitalism, blame others for their own misery, to depend on the state for their needs, to live freely without responsabilities and long term objectives. All those worldviews can be harmful for this generation when dealing with finances and starting investments. They may lack interest or just feel insecure about it.

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April 25, 2022, 11:31:36 PM
 #8

There is a game called Coin Hunt World that is similar to pokemon go.

https://coinhunt.world/

I will try to get some of my generation Z family members (when they get older) playing to see if they like it.

My nephew is 8 years old and he knows what DOGE coin is. Youtube, tiktok and other social media platforms seem to have enough crypto content that everyone in that age bracket must have heard of DOGE and similar coin meme trends.

In terms of the youth in my family, the things they're most interested in are fortnite and talking to their friends on the phone. Unfortunately none of them are very interested in crypto.
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April 26, 2022, 07:40:24 AM
Last edit: April 26, 2022, 08:03:12 AM by izay
 #9

I think we all know that GEN Z are those individuals that were born between 1997 - 2012

Gen Z is the name given to the current generation of young people by many demographic researchers. According to the Pew Research Center, Generation Z consists of people born between 1997 and 2012.

Probably this article will state some relevance between Bitcoin and Gen Z

To highlight the important info from the article:
Quote
  • Millennial, Generation X, and Generation Z investors are most likely to hold cryptocurrencies, while baby boomers are highly unlikely to invest in digital currencies.
  • Cryptocurrencies are the most common type of investment for millennials, on par with stocks and investment funds.
  • Younger investors believe that the greatest return on their investments over the next decade will come from cryptocurrency.
  • Despite the enthusiasm, many investors across all age demographics believe that cryptocurrencies are "too risky" for their investment portfolios.


Here is another Link for Crypto investment DATA comparison between generations.

Quote
Key Findings
  • 94% of all cryptocurrency buyers are Gen Z or Millennials (18-40 years old)
  • Gen X buyers purchased an average of $9,611 crypto last year while Millennials bought $8,596 and Gen Zers bought $6,120
  • Millennial crypto buyers have 5.4x more student loan debt, 2.3x more auto loan debt, and 1.7x more student loan debt than the nation average



With that, we can say Gen Z is bullish on Bitcoin.  They fully grasp the essence of online transfers and transactions and are somehow aware of the importance of cryptocurrency  in their future.




Yeah. You're right. Today's generation is the Generation Alpha (born on 2012- present).
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April 26, 2022, 01:09:50 PM
 #10



People in today's era experienced so many things good and bad...and I am sure these things are just the start of many more challenges that can come our way. In terms of innovations, I think only a man living in the cave will fail to see the rise of the blockchain and cryptocurrency...and that is why even some governments and nations like that of El Salvador are now making a stake with Bitcoin. We the people of this generation can be facing a future both bleak and bright...both progressive as well as backwards. Definitely, life will never be the same again but we have no choice but to move on to make sure that we are crafting a better future for ourselves and our families and communities.

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April 26, 2022, 02:24:49 PM
 #11

Gen Z? I’m not sure if we have explored all the use cases of blockchain ourselves and we talking about Gen Z hnn. I’m more than happy if they are trying their ways into it because that’s what we want. It will create strong pillars for the crypto future but it’s vital to understand what are they upto?

Let’s make sure they don’t just become greedy to earn money from the crypto. That much ecosystem is already ready made but what we need Gen Z to do is invest their time in learning technology behind the blockchain, be a coder, be enthusiastic to develop the same!

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April 26, 2022, 10:51:54 PM
 #12

And when in a situation that will destroy almost everything near you, bitcoin is the key to keep your wealth.

They'll never know that you own it because it's digital and you can hide it from anyone and remain lowkey that you've been a bitcoin holder ever since.

People will only see that you are when you start to buy those luxuries or anything that you need from your profits.

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April 27, 2022, 01:36:20 AM
 #13

For now, bitcoin and cryptocurrencies and mostly a millennials.

Generation Z people are still studying, they are just kids or having their first jobs. They do not have money to invest yet.

Anyway, it is very likely that cryptocurrencies are still going to be around in 5-10 years, when Gen z are going to be working and making money and investments.

We can see that younger generations are more willing to invest in stocks and cryptocurrencies than older gen
It is how the world grows and changes with time, over different generations. Younger generations will create and be important parts of growth in new trends, new eras. They will control new trends, new games and collect capital from older generations over time.

Quote
The graphics is informative and shows the fact. The younger people are, the higher risk acceptance they have. It is true from stocks to cryptocurrencies.

Gen Z people will be energy for growth of not only Bitcoin but also cryptocurrency in general. The demographic changes is fast but in my expectation. People who are curious about it, please check

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April 27, 2022, 01:39:44 AM
 #14

I suggest you to read https://www.dropbox.uk.com/docs/59687941/Instructions.pdf  you will understand  Cheesy Cheesy Cheesy
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April 27, 2022, 02:14:53 AM
 #15

I guess the much older generation has gone through a lot more struggles than Generation Z. So far at least. Generation Z has entered the world when things are already made a lot easier and more convenient. Digital technologies have made their young lives a lot more comfortable and easy. There was no world war or any major war happening within their years. Although there's the pandemic, the effect was a lot milder than the pandemics experienced by older generations. But Generation Z is more likely to embrace the use of Bitcoin than the older generation which wasn't that exposed to technologies all their lives.
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April 27, 2022, 02:21:48 AM
 #16

With the passing of time, we have grown up in a digital environment and today's generation follows the advice of people with much more experience in life, who take it for granted that the faster you start investing, the more chances there are of obtaining the necessary experience on the market and achieve profits to live comfortably.
These generations known as "generation z" currently no longer take much into account traditional investment institutions, they prefer to enter a more evolutionary era that is placing their money in digital environments such as cryptocurrencies.

The best known cryptocurrency is Bitcoin and also the most used by these young investors, since they are considered the generation of the digital revolution, and being hyperconnected from an early age, they are attracted to the world of investments and cryptocurrencies.
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April 28, 2022, 03:16:58 PM
 #17

I don't know where you want to go with the generation thing... but I'm sure that Orange is the new $.
No allusions to the sitcom, that's another question.

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May 23, 2022, 09:07:32 AM
 #18

Your post says all of that stuff (calamities, pandemic diseases, wars, hunger) happens in your generation. I hate to tell you this, but that stuff has happened in numerous generations before yours!  Shocked

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May 23, 2022, 04:19:35 PM
 #19

With that, we can say Gen Z is bullish on Bitcoin.
I would add "luckily for all of us". And I'm not saying this just because it means that bitcoin could go up in price but because of mass adoption. This kind of change must come with the newer generations, if they don't care then there is no future. I'm a millennial and unfortunately very few of my friends are into cryptos, actually only 2-3 of them and I was the one who introduced them to this world, all the other close friends either think they're a scam or the missed the bus.

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May 28, 2022, 11:19:25 AM
 #20

Facing different struggles in life teaches us that everything is important. Calamities, pandemic diseases, wars, hunger and everything happens in this Generation. This phenomena open the mind of everyone that virtual thingy is possible. Embracing digital currencies, virtual platforms used in education, business and many more are in demand in today's living. Bitcoin, nowadays are known everywhere, it is in demand. Continuing and adapting these changes will rise Bitcoin as the Digital King of Today and Future Generation.

I don't think that we can say it's the future though, I mean it's here already and probably will continue to exists until the last bitcoin is mined although we are closer to 99% that will be mined maybe in the next 4 halving. As for the Gen Z, yeah, we have heard so much news already that they are into bitcoin or crypto in general and it might spill their mind into other investment platform as well like traditional stocks so it will help them secure a better future.

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