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Author Topic: How useful is Bitcoin to the youth?  (Read 1251 times)
Merit.s
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April 30, 2023, 12:22:14 PM
Last edit: April 30, 2023, 02:08:42 PM by Merit.s
 #21

From my understanding, I will say that bitcoin was created for the youth because they youth are open minded to new innovation and will help bitcoin adoption to grow rapidly. The youths are the leaders of tomorrow,since the youths have been rendered hopeless by the government and they have seen bitcoin as an opportunity to stay independence from the government by entering into the cryptospace. The youths that are already into bitcoin  are telling their friends and bringing more people into the cryptospace due to the benefits from bitcoin,as an asset and also for trading. Let's take a look at those who are bitcoin criticism, they are mostly the government. That is the aged people who are use to their old style of life and are scared that bitcoin is a threat to their fiat currency. The digital world is for the youths and they will use a digital currency because we are in the new era.
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April 30, 2023, 12:44:43 PM
 #22

Merely talking about Bitcoin won't attract any more youth OP, also why did you say that it's easy to work with Bitcoin? You buying Bitcoin for the first time in your life won't come with a manual, it's not easy to tell someone to go buy Bitcoin, they have to learn about Bitcoin and know what to do before jumping on the wagon.

Bitcoin is not easy for anyone who doesn't know what Bitcoin is or how to buy Bitcoin, they will make a lot of stupid mistakes and it will cost them money, there are many things newbies need to know about Bitcoin. Like how volatility it is and how to keep their Bitcoin wallet safe from bad actors.

I accept Bitcoin at my store because I want to keep gathering some Bitcoin for my future and I made less profits accepting Bitcoin sometimes, I've accepted a Bitcoin payment at 24,000$ and after some minutes of accepting the payment and I am still on my sewing machine, the price came down to 23k, that's already a loss. So newbies who want to go on this road must have a good understanding and also have their own strategy in place for their business.  

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April 30, 2023, 01:33:20 PM
 #23


The social media helped in spreading the word and educating the youth.
Though they learned BTC as the get rich quick because of the influencers, the rest somehow learned about the importance of Decentralization and hedging for inflation.

The issue they face however is that BTC is becoming too expensive for them that they are more going for altcoins.

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April 30, 2023, 02:27:55 PM
 #24


Youth are interested in Bitcoin because it's easy to work with if you understand the ntrigrity also it's a way to make money, over time BTC has risen, and with this, the youth may be interested in a way to do business digitally.
We need to talk more about the benefit of Biticion in other to attract more youth because the majority do not know how this coin works.

Yes, the young people I pay attention to in the area where I live are literate in blockchain technology and some of them have benefited from the presence of bitcoin, even though most of their profits are from altcoins but indirectly it is because of bitcoin as a pioneer in the cryptocurrency industry, I think that also entered into the benefits of the presence of bitcoin.
Young people are always the hope of every regeneration of better progress, even so in this industry there will always be innovations that will come and mass adoption of bitcoins faster in the future, so far I have monitored young people in my environment, they are more aware of the importance investment and financial freedom for a longer old age.

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April 30, 2023, 02:56:28 PM
 #25


Youth are interested in Bitcoin because it's easy to work with if you understand the ntrigrity also it's a way to make money, over time BTC has risen, and with this, the youth may be interested in a way to do business digitally.
We need to talk more about the benefit of Biticion in other to attract more youth because the majority do not know how this coin works.

The driving force in Bitcoin is the youth who have taken it upon themselves to take investing in Bitcoin seriously and from different stats, there is a record that the majority of people associated with crypto are within the age range of 18 to 34, I feel since the world is turning digital young people tend to have much faith in investing in bitcoin and majority have benefited from investing in bitcoin, if not now that awareness is going viral parents saw bitcoin as a Ponzi and some scam but thanks to the internet most of them are now getting the right information and some are even willing to invest.

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April 30, 2023, 03:19:54 PM
 #26


Youth are interested in Bitcoin because it's easy to work with if you understand the ntrigrity also it's a way to make money, over time BTC has risen, and with this, the youth may be interested in a way to do business digitally.
We need to talk more about the benefit of Biticion in other to attract more youth because the majority do not know how this coin works.


This topic is interesting but I think digital Bussnies is nothing to do with Bitcoin. Some people think if they are in crypto then they are making money but this concept is wrong because with Bitcoin you can't really make money directly except, (For Trading and Mining). Most people don't mine because they can't afford the energy consumption costs and they can't afford the Machine. So in the future BTC has nothing to do with the youths earning power.

But

We can say that there will be a lot of edges for the youth in the future with Bitcoin over electronic cash. They can access each and every financial service with Bitcoin, they will own the custody of their funds, and they can directly reach the global market. They can hold and earn as a side passive income with Bitcoin volatility. They can have all their transaction at low costs. These few are one of the edges the youth is going to have with Bitcoin. Bitcoin is an inspiring revolution for the youth they should use it for their evolution.

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April 30, 2023, 03:21:57 PM
 #27

at this time there are so many young people who have jumped into the world of bitcoin because they know that bitcoin can indeed be made into a future asset, and now they are already enjoying the results of bitcoin trading so it will be difficult to leave the world of bitcoin, to learn about bitcoin is actually very easy because a lot of media has discussed bitcoin and how to get bitcoin, but some people are still unsure about bitcoin because they don't fully understand how bitcoin works, so for today's youth, at least find out how we can make money with bitcoin.

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April 30, 2023, 03:43:21 PM
 #28

With the current popularity of bitcoins and mass awareness on its usecases , the whole world will have the knowledge of bitcoins soon . As you mentioned, there is a need for proper tutoring since a lot of scammers are parading the Crypto space. If something can be done on scammer's operation in the crypto space, I believe a greater numbers of people will accept to use it. Many young person have given up on Cryptocurrency after investing on scam project, this experience has led  them to concluding that major Cryptocurrency in the crypto space are like those other scam projects. If there will also be a simplified publication of Bitcoin/Cryptocurrency, it will go long way to help people understand how it works.
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April 30, 2023, 03:47:01 PM
 #29


Youth are interested in Bitcoin because it's easy to work with if you understand the ntrigrity also it's a way to make money, over time BTC has risen, and with this, the youth may be interested in a way to do business digitally.
We need to talk more about the benefit of Biticion in other to attract more youth because the majority do not know how this coin works.


Yes, youth will play a big role in Bitcoin adaptation and probably they will be the ones that will buy Bitcoin in the future, The only problem here is not all of the youth have the financial mindset only some have that kind of mind most of the youth today probably doesnt really care about bitcoin at all, I mean it's already a different generation, and it's not similar at all.

I mean what we can do is probably just teach Bitcoin to our family and relatives, we can't really attract youths without any kind of education about Bitcoin, what we can do is share what we know with those who we want to help and then just let them decide about it. It will just depend on them if they are going to pursue Bitcoin in the end since it's still a risky investment, even though we all believed on Bitcoin it is still not guaranteed investment for everyone.


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April 30, 2023, 03:54:47 PM
 #30


Youth are interested in Bitcoin because it's easy to work with if you understand the ntrigrity also it's a way to make money, over time BTC has risen, and with this, the youth may be interested in a way to do business digitally.
We need to talk more about the benefit of Biticion in other to attract more youth because the majority do not know how this coin works.


Knowing the fundamentals, Bitcoin, BTC, BTC, is not just a tool but a generational wealth to pass on. It is a great opportunity since youths including me are unemployed and lack a source of income, some of us ended up looking for money and started trading. Some are trading and still investing in bitcoin, which is a nice idea. However, I was just thinking recently that what if bitcoin hadn't helped so many youths recently? The level of unemployment is rising in my country daily, and bitcoin adoption is also increasing in my country.

This is cool stuff to be shared. Not just the culture but both the possibility and opportunity.

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April 30, 2023, 04:08:10 PM
 #31

I don't think there is any need to go to school or get a job, but that's not the case. 
 
Bitcion is a coin that is used as a payment method for people who want to earn money. 
 
In my opinion, it is better than to invest in Bitcoin. 
 
You can read more about it here: https://www.coindesk.com/2021/bitcoin-adoption-tokens-cryptocurrency-trading-fees/ 
 
 
 
This is a good start to the crypto world, and I'm sure there are many people who are interested in Bitcoin.
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April 30, 2023, 04:19:41 PM
 #32

Although some young people are currently focused on playing games but who are interested in the world of bitcoin very much and they continue to learn about bitcoin and how to produce bitcoin, and who already have bitcoin assets are also very much because they have always been interested in bitcoin and already know how to produce bitcoin and now they have felt the results of the bitcoin world, And currently there are so many investors that I find on average they are still young at heart, so bitcoin is indeed a future asset that young people must learn.

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April 30, 2023, 04:22:43 PM
 #33

Lucky for you, I've got some unshakable convictions on this topic, pal. Let's kick off with Bitcoin's advantages. It's speedy, safe, and a rad way to rake in the dough – provided you're down with perpetually monitoring prices and sobbing on your keyboard when it predictably tanks.

But here's the 411 – Bitcoin might look like an investment goldmine, but it's far from a sure bet. Stability-wise, envision a Jenga tower assembled by a tot. It's awesome that the young'uns are digging digital moolah, but let's not forget: Bitcoin's just part of the bigger picture. There's a buffet of cutting-edge tech at our fingertips, from blockchain to NFTs to...whatever the rugrats are hyped about.

Ultimately, the key is to stay in the loop and be ready to roll the dice. 'Cause who knows – you could be scoring a palatial pad with your Bitcoin loot. Or wind up with a dope sticker stash. Either way, the world's your oyster.
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April 30, 2023, 04:36:18 PM
 #34


Youth are interested in Bitcoin because it's easy to work with if you understand the ntrigrity also it's a way to make money, over time BTC has risen, and with this, the youth may be interested in a way to do business digitally.


It is true that youth are getting more interested in bitcoin from their way of adoption.now if we are to check the rate of youth that are involved in cryptocurrency industry especially making uses of Bitcoin, it is really motivated.


We need to talk more about the benefit of Biticion in other to attract more youth because the majority do not know how this coin works.

I may say their are a lot of awareness taking place in social media and most of this writeup by many people, they are discusses mostly about benefits of Bitcoin to the humanity. So for who want to learn about Bitcoin will get the all the necessary information about it online.so can say that the rates of Bitcoin adoption toward youth nowadays is not bad.i believe with time  a lot will be in the system.

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April 30, 2023, 04:40:06 PM
 #35

This topic is interesting but I think digital Bussnies is nothing to do with Bitcoin. Some people think if they are in crypto then they are making money but this concept is wrong because with Bitcoin you can't really make money directly except, (For Trading and Mining). Most people don't mine because they can't afford the energy consumption costs and they can't afford the Machine. So in the future BTC has nothing to do with the youths earning power.
Well the reality is that investment from it gives you the way to earn money so that's that. It's like the usual stock exchange just without the authority and quite a volatile price that a stock trader might be shocked. It's not really a wrong concept, maybe looking into Bitcoin as a way to earn money is the one that is kinda wrong.

For mining, it's not just the energy consumption and the RIGs that makes people not to mine but also the spaces to do these mining activities plus the regularization. Setting up a mining farm is like building the same rig over and over again and I believe a proper ventilation in tropical countries like mine is going to be a pain considering that it is even a summer here.

Youths definitely have an opportunity to pursue learning more on how can they be able to utilize Bitcoin in the future and how these branches like Mining, trading and investment would change over the course of AI changes that is kinda kicking ass these days.
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April 30, 2023, 04:52:11 PM
 #36

I think that Bitcoin become successful because of the desires of youth towards it and those people who are not interested in Bitcoin are old people because they don't have any experience and they always find the way which is connected and control by government.

In our country people always choose the way of earning which is government job as they want to get income in old age without any hard work. As world is altering the way of earning and getting Job is becoming difficult these days so people are rushes towards the online jobs in which Bitcoin is the first priority.

It's true that Bitcoin is acceptable by many individuals but not all because some doesn't have any information and if they get information so they will require time for further experience.

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April 30, 2023, 04:55:51 PM
 #37


Youth are interested in Bitcoin because it's easy to work with if you understand the ntrigrity also it's a way to make money, over time BTC has risen, and with this, the youth may be interested in a way to do business digitally.
We need to talk more about the benefit of Biticion in other to attract more youth because the majority do not know how this coin works.
I'm not sure if I'm considered young or not, but I'm here at a very productive age. I understand that investment is good for better financial support in the long term, of course bitcoin is one asset worth considering.

The average user expects bitcoin to give them worth returns, and it's the same for me. But we are here for different portions, so even though we are in the same world, in fact each of us has different experiences and results too. Bitcoin allows anyone to earn returns regardless of whether they invest or trade, but they have to care enough about risks rather than just returns. But they don't need to worry because investment risk can be minimized as long as they are willing to learn and know how the market works for them.

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April 30, 2023, 04:57:55 PM
 #38

Bitcoin, a decentralized digital currency, can be useful for the youth in various ways. Here are some reasons why:

Financial inclusion: Bitcoin allows anyone with an internet connection to participate in the global economy, without the need for a traditional bank account. This can be particularly useful for the youth who may not have access to traditional banking services, such as those who are unbanked or underbanked.
Low fees: Bitcoin transactions have significantly lower fees compared to traditional financial transactions. This can be beneficial for the youth who may not have much money to spare for high transaction fees.
Investment: Bitcoin has the potential to offer a high return on investment. For young people who are interested in investing, Bitcoin can be a viable option as it offers a high degree of liquidity and can be traded easily on exchanges.
Learning opportunity: Bitcoin can offer an opportunity for young people to learn about finance and economics. As Bitcoin is decentralized and not controlled by any government or institution, it offers a unique perspective on how money and finance work.
Innovation: Bitcoin is based on blockchain technology, which is a rapidly developing field with many potential applications. By learning about and using Bitcoin, young people can be exposed to new technologies and potentially contribute to the development of future innovations.
In summary, Bitcoin can be useful for the youth by providing financial inclusion, low fees, investment opportunities, a learning opportunity, and exposure to new technologies. However, it is important for young people to be cautious when investing in Bitcoin or any other cryptocurrency, as it is a highly volatile asset and can carry significant risks.
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April 30, 2023, 05:12:26 PM
 #39

Hello, I'm from Ukraine, it's a very difficult time in my country. I really want to learn how to earn in cryptocurrency to help my family and my people in this difficult time for us. Good people, if you have free time or want to help me understand the topic of cryptocurrency, I will be very grateful! Help me to learn at least the bare minimum in this area!
This forum can help you to increasing knowledge, how you make money from crypto currency. First of all you should study on bitcoin and altcoins discussion section. There has lot of topic about btc and altc market so just search him now. Without i can't help you financial problem so try your best place.
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April 30, 2023, 05:21:05 PM
 #40


Youth are interested in Bitcoin because it's easy to work with if you understand the ntrigrity also it's a way to make money, over time BTC has risen, and with this, the youth may be interested in a way to do business digitally.
We need to talk more about the benefit of Biticion in other to attract more youth because the majority do not know how this coin works.


I agree on this. I discovered Bitcoin when I’m a graduating student in college. My family is poor which is the reason for me to not have enough allowance for my personal needs. I earn Bitcoin that time in faucets and ptc in exchange for my time of solving captcha while using my aunt desktop computer that lend to me for my studies. I manage to earn that time huge amount of BTC but the fiat equivalent value is not that high but still I’m happy to have extra income hoping that the price will grow.

My prediction is correct and I manage to gain significant amount of money during my early years of my job. I still hold some but I sold most of my holdings the first time Bitcoin hits 20K during 2017. I my profit on asset in stock market and real estate property. I use my job as cover up for source of income when someone in my neighborhood ask me how did I get rich.

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