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Author Topic: How useful is Bitcoin to the youth?  (Read 1253 times)
bakasabo
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May 02, 2023, 08:20:58 AM
 #81

From my opinion, the best lesson youth can learn from Bitcoin is that they should not be afraid to start and test new things. Bitcoin has started cryptocurrency era, further we have bunch of examples how on one hand crazy investment ideas made people rich (recent PEPE, Shiba Inu, Bitcoin after all). How a little interest to test new thing, turned into thousands dollars (simple use of uniswap was rewarded with solid airdrop). That everything can be turned into money (NFT and the stories of how simple drawings turned into millions).

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May 02, 2023, 08:31:14 AM
 #82

Due to a lack of knowledge or reluctance to understand, a lot of young people don't truly understand how the Bitcoin system operates. The majority of them view Bitcoin as a way to get rich quick, and if they come across someone who owns Bitcoin, all they can think of is that he must be a millionaire. It's not entirely true.
An instance from yesterday: I was speaking with a coworker, and when I mentioned that I traded bitcoins, he responded so bluntly that I felt as though I was telling a lie. And if I were truly interested in Bitcoin, I wouldn't be out of a job. His own understanding of Bitcoin is in fact incorrect. Even though having Bitcoin can serve as a secondary source of income for you, having it does not actually mean that you shouldn't work.



What you say is what is happening in my country. Not only young people but those who already own bitcoin and those who are new to bitcoin only know one thing bitcoin is an investment tool. Nothing more and nothing less, no one knows what the real purpose of bitcoin was created. I think this is not only spreading in my country, but it is becoming the concept of bitcoin every time we talk about bitcoin these days. The lack of understanding about bitcoin is happening right in the community, not just some young people. There's nothing wrong with them using bitcoin as an investment because it's volatile, but it's better for people to take the time to learn what bitcoin's real purpose is.

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May 02, 2023, 09:17:26 AM
 #83

What you say is what is happening in my country. Not only young people but those who already own bitcoin and those who are new to bitcoin only know one thing bitcoin is an investment tool. Nothing more and nothing less, no one knows what the real purpose of bitcoin was created.
You don't have to understand about the Internet to use it. You don't have to understand how bank transfer systems were built to use them for your money transfer with your trade partners.

You don't have to understand everything about Bitcoin to use it. If you can practice well to keep your bitcoins safely from hacks, don't store it on centralized exchanges, it is good enough for your practice and safety of your coins.

Reminder: do not keep your money in online accounts

Quote
There's nothing wrong with them using bitcoin as an investment because it's volatile, but it's better for people to take the time to learn what bitcoin's real purpose is.
Bitcoin has many use cases and investment is one of its use cases. It is not good or bad if one person only considers Bitcoin as an investment asset whilst don't care about other use cases.

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May 02, 2023, 09:32:15 AM
 #84

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.
If they can understand the fluctuations of bitcoin and if they have the ability to study it, not all young people have the ability to invest in bitcoin and there are still quite a lot of people who do not have the ability to invest their money in investments. The criteria for people involved in investing are usually that they prefer to take risks, because investing is not as smooth as people think and there are many risks that will arise when people don't understand it.

There is a risk at stake when you invest, if you only listen to people's success in investing then you also try to do it, it is the wrong choice. Everyone must understand bitcoin to get involved and indeed the interest in investing in bitcoin is increasing, but people must also understand how to invest so they don't experience panic when market conditions experience corrections in the market.

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.
Knowledge will get them to the investing stage, they will benefit from bitcoin when they are able to increase the desire to invest and if they never get involved there will be no profit whatsoever from bitcoin for them. Bitcoin has many benefits apart from being an investment and can also be used as a payment option, but this option has not been widely used because there are still many places and products that do not accept payments using bitcoins.

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May 02, 2023, 01:06:15 PM
 #85


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.

Right The Youth has undoubtedly been interested in Bitcoin as result of its development since they are drawn to its simplicity and possibility for financial gain. But its crucial to recognise that investing in Btc has its own unique set of dangers and challenges particularly for those who are unfamiliar with the world of cryptocurrencies. Focusing on educating kids about Bitcoin advantages and capabilities is essential if we want to encourage more young people to interact with it. We can enable them to take advantage of the opportunities given by this developing technology by arming them with the necessary resources and knowledge.

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May 02, 2023, 01:48:11 PM
Merited by fillippone (1)
 #86

Actually, the youth could be the main target market of Bitcoin and crypto since they can easily adopt and learn technology compared to other generations. Also, they are on the perfect ages to get into investing since they're still young and have a lot of opportunities and time to learn and grow. With a proper knowledge, the youth can easily discover more benefits of Bitcoin for themselves that can change their lives for the better.

Just like me, I started to get into Bitcoin before reaching 20 and I can say that I'm lucky to have that opportunity since I started earning already. Imagine if more people around those age will get to learn about Bitcoin...
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May 02, 2023, 01:55:13 PM
 #87

Generally bitcoin for the youth means convenience and not having to go through the hurdles of KYC when dealing with fiat, or currency barriers and what not...With bitcoin we all speak the same language and more crypto markets are accessible to more users than ever before, though the biggest marketplaces aren't yet fully integrated with digital currencies millennial will keep asking for these services and sooner or later this will become a reality.

R


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May 02, 2023, 01:58:35 PM
 #88

Actually, the youth could be the main target market of Bitcoin and crypto since they can easily adopt and learn technology compared to other generations. Also, they are on the perfect ages to get into investing since they're still young and have a lot of opportunities and time to learn and grow. With a proper knowledge, the youth can easily discover more benefits of Bitcoin for themselves that can change their lives for the better.

Just like me, I started to get into Bitcoin before reaching 20 and I can say that I'm lucky to have that opportunity since I started earning already. Imagine if more people around those age will get to learn about Bitcoin...
you are right mate. there is really a huge scope among youth to learn and adopt bitcoin faster than the older generation. they are more open to accepting new technologies and taking risks in life. and when the new technology is full of earning and career opportunities then it is like a treasure for youth and younger generation. I myself find it a lot easier to make a living by working for bitcoin and crypto compared to finding an IRL job. that's why it attracted me at first place.

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May 02, 2023, 02:13:45 PM
 #89

Many youth don't really know about Bitcoin .they have heard of it but don't really know how it works..most people think it's a platform where you earn money but it's not where you can earn quick money it takes patience and hardwork to earn money in Bitcoin..
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May 02, 2023, 02:16:26 PM
 #90


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.


There are a lot of benefits of Bitcoin to the youth. You know this is the technology age and the youths are very much aware of internet activities both good and bad. Any youth who is not technological incline then that youth is a nonentity. Even the uneducated ones are using the internet and bitcoin is a digital currency that one can invest and when appreciated from the date of the investment, you can more profit.

So when asking the usefulness of bitcoin to the youths, I was thinking of what type of question is this but as newbie. I will not blame him. There are many benefits attach to bircoin. You can buy something with it if the location your are accepting it for one of their payment method.









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May 02, 2023, 06:54:41 PM
 #91

Well, Bitcoin will basically help the youth to reach financial freedom without being related to Banks and governments. At this moment, not too many youths are interested in Bitcoin and generally digital currencies due to the lack of information in social media and the several attempts from the  governments to ruin Bitcoin’s reputation. In fact, Bitcoin is spreading slowly but surely, it is certain that the community of Bitcoiners will develop significantly by time. From my perspective, we should guide the young generation by publishing simple blockchain technology courses and lessons plus cryptography in media, and it would be a nice idea if we attract them to this forum.
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May 02, 2023, 08:24:47 PM
 #92

Yes! Bitcoin will really help the youth in many areas like school fees, business and etc. The youth could be the main target market of Bitcoin and crypto since they can easily adopt and learn technology compared to other generations. But there are many young people that are into bitcoin investment but there are not in this bitcoin forum, and also there are many youths that don't know bitcoin investment, so if we trying to making them to go into crypto investment let not tell them only the advantage, or let me the benefits. Let us try to make them to understand crypto investment. As we are telling them the benefits we also tell them the disadvantage of it, to make them to their choice, if you like you invest and if you don't like you snopes it

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May 02, 2023, 08:51:21 PM
 #93

In my personal view I think the most usefulness of Bitcoin is for youth generation is it gives them an independent economy system and gave them the security of their fund. Moreover, it will free them from carrying the burden of fiat currency, it also free them from giving their data to others like banks. So to mention there are many more things what they will beneficial by bitcoin. And that's how I think our youth generation will enjoy the benefits of the dream that Satoshi Nakamoto had.


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May 02, 2023, 09:26:37 PM
 #94

Bitcoin has been useful to the youth and it is still becoming more useful as time passes by.
The usefulness of bitcoin is due to the process involved in it. It is easy to use as the yought are becoming more use to digital because bitcoin is also a digital currency that does not require any governmental procedues. Youth can easily stay in their various homes and work on the internet and make money for them selves.
The usefulness also depend on the youths who wish to learn new development not just only the youths but any one who is willing to adapt to new technology development.

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gabbie2010
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May 02, 2023, 09:42:47 PM
 #95


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.

In my country the inability of the government to provide adequate jobs for the youths triggered a massive diversion to crypto by the youths especially the unemployed ones who resorted to trading cryptos as an alternative means or source of income, there are many of those youths trading P2P on Binance platforms where they buy or sell cryptos and send equivalent value in fiat, honestly crypto had indirectly or directly created plenty jobs for the youths despite government ban on cryptos and crackdowns on crypto related businesses, however the anonymous ways of transaction of cryptos attracted more youths to it

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May 02, 2023, 11:40:12 PM
 #96

Bitcoin has been useful to the youth and it is still becoming more useful as time passes by.
The usefulness of bitcoin is due to the process involved in it. It is easy to use as the yought are becoming more use to digital because bitcoin is also a digital currency that does not require any governmental procedues. Youth can easily stay in their various homes and work on the internet and make money for them selves.
The usefulness also depend on the youths who wish to learn new development not just only the youths but any one who is willing to adapt to new technology development.

if nothing else, this is another aspect that they can devote their time to. study and learn blockchain tech. learn btc and other cryptocurrencies. and see how it can possibly help them in making additional money.
since blockchain tech is everywhere now. they can educate themselves about programming and other developmental skills. some companies are looking for individuals who are knowledgeable with crypto and blockchain.
crypto is not only about trading so there are other facets that they can explore also.

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May 03, 2023, 01:15:43 AM
 #97

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.
How do you attract more youth people even if writing bitcoin is still wrong?

What is the 1st step to inviting people to join with you is you have to be a role model. So, they (youth people) will believe you as person to emulate, but if writing this important thing is just wrong, Of course, they won't believe you. I ever taught my nephew in the past to make a Bitcoin wallet, but because of my knowledge at that time is still shallow, I got errors while teaching them, so that case they won't learn again tomorrow. In this case, you have be perfect. You have must know basic knowledge before teaching youth as your planning.

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May 03, 2023, 03:22:24 AM
 #98

Bitcoin can be a useful tool for young people because it offers a simple and accessible way to enter the digital business world. With the potential for financial gain through the appreciation of Bitcoin's value over time, many young people are attracted to the idea of investing in cryptocurrencies and for implementation here it is necessary to educate and inform young people about the ins and outs of Bitcoin and its benefits, to ensure they have a solid understanding of how it works and how to use it safely and effectively. That meaning the right knowledge and understanding can encourage more young people to get involved with Bitcoin and take advantage of its potential and not be misguided.

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May 03, 2023, 06:01:49 AM
 #99

Many youths, really don't understand how the Bitcoin system works due to lack of information or non willingness to understand. Most of them,see Bitcoin as a get rich quick program and when ever they hear someone who is a holder of Bitcoin, all that comes to their mind is that he is a millionaire. This is not so true
An experience from yesterday, when I was discussing with a co worker and when I told him I was into Bitcoin trading his reply was so straight forward that I was putting up a lie. And if I really was into Bitcoin, I wouldn't be not be working. His own idea about Bitcoin is actually wrong. Having Bitcoin doesn't actually mean that you shouldn't go to work it can act as a secondary source of income for you.

So what I'm trying to say is that most youths needs to learn more about the digital currency, BITCOIN and understand fully, what it is.
Bitcoin offers many benefits for young people who are looking for digital payment options and investment opportunities and is not a get rich program.

I agree. Because you have a bitcoin doesn't mean you won't ever work again because you never know what will happen to your investments. Positive and negative elements of Bitcoin are both acknowledged as Hold onto your currency through price hikes, market drops, and market declines if you want to make sure you obtain a fair return on your investment. It will be quite challenging for you to sell your coin without making a profit or incurring a loss on your investment if you are having financial difficulties.
What I'm trying to say is that if we want to help young people understand bitcoin, we should try to explain both its benefits and drawbacks. There are some nations where many young people want to participate in bitcoin activities without seeking out much additional information, which will seriously affect them in terms of investing.

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May 03, 2023, 05:46:42 PM
 #100

I was wondering what you meant by youth because those I know as youth are independent individuals under the working class in my society. Youth are more interested in Bitcoin than you're imagining.

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