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[Yusra31]

According to a new study by market research firm Opinium, young British investors are taking big financial risks to get their hands on Bitcoin (BTC) and Dogecoin (DOGE).
Between June 21st and June 25th, Opinium polled 1,000 UK citizens aged 18 to 29.The survey's findings suggest that Bitcoin is the most popular cryptocurrency, with 20% of respondents claiming to have purchased the king coin at some point.

However, according to the report, young British investors are taking on more risks in order to purchase BTC. Half of those who invested in Bitcoin said they used debt to fund their purchases, with 23 percent using a credit card, 17 percent using student loans, and 16 percent relying on another sort of loan.

 

[BullyMaguire]

Well... Atleast those people are doing something for their future and not using money to just wasting their money on drugs or something bad.

 

[microunit]

I don't think dogecoin is still that worth in the long run given that its hype has died down and is sepearated between other memecoins like shiba inu etc .. .

 

[LutherKing]

Yes , Passions drives everything , you need to have an passion for winning , this keeps you alive and winning at any moment of time

 

[microunit]

The thing is though you can't win everything in life, you also have to be ready to accept the losses that comes with the decisions you make in your life

 

[CyberPreNurse]

It is good that they are taking the risk to invest in Bitcoin and Doge coin, but I do not think it is good to use debt for purchase like they did since these coins are volatile.

 

[LutherKing]

I agree as well loans is not an recommended idea to get yourself started in online business field , one person should be Kore focused on skills actually a

 

[microunit]

It is good that they are taking the risk to invest in Bitcoin and Doge coin, but I do not think it is good to use debt for purchase like they did since these coins are volatile.

All cryptocurrency are volatile except those stablecoins, they should really do their researches first before investing as some coins are not worth investing in the long run

 

[CyberPreNurse]

All cryptocurrency are volatile except those stablecoins, they should really do their researches first before investing as some coins are not worth investing in the long run

Sure, all crypto currencies are volatile, but using debts to buy any crypto currency no matter its potentials is not a good decision from my own perspective.

 

[microunit]

Sure, all crypto currencies are volatile, but using debts to buy any crypto currency no matter its potentials is not a good decision from my own perspective.

Yeah i get where you are coming from, no one should really risks their debts in cryptocurrency as they could even loss more of their money because of buying or investing in cryptocurrencies

 

[Josemendez]

Ofcourse investing in bitcoin , dogecoin or any other cryptocurrency is demanding and risky . This is also what makes it profitable.

 

[microunit]

Well, many young investors are attracted towards cryptocurrency, many done high investing on Bitcoin and dogecoin etc, but it's good to invest rather than spending useless addictions, but we must pick right time and right coin better to invest on Bitcoin!?

Well i think they got attracted just because there are people proclaiming that they've gained xx much of money by investing in it and some news even highlights it that x person have gained x profit overnight by investing in crypto

 

[Josemendez]

Well i think they got attracted just because there are people proclaiming that they've gained xx much of money by investing in it and some news even highlights it that x person have gained x profit overnight by investing in crypto

Having such mindset when entering into cryptocurrency will result to nothing but a complete lose because the person might panic sell when things are not going well

 

[microunit]

Having such mindset when entering into cryptocurrency will result to nothing but a complete lose because the person might panic sell when things are not going well

Yep that's true, but well I think the person could panic sell if usually he is new to cryptocurrency, if one has already have the proper knowledge and experience he can decide carefully

 

[Josemendez]

Yep that's true, but well I think the person could panic sell if usually he is new to cryptocurrency, if one has already have the proper knowledge and experience he can decide carefully

Yeah , but then the present dip in the market has made many people discouraged in holdl , some are cutting their loss already.

 

[Wisdom01]

I think it's the high interest they have towards crypto currency that is making them invest in it more ,they believe that crypto currency would grow more ,so they are actually really ready to invest so much money in it and I think that's why you see them risking much in it tho

 

[Horia_10]

There ia nothing that can stop them from taking risks , if they think they need to take it actually , only thing that can make them stop is that the taxes are made higher which can stop them and that too can fail if the interest among the sector gets high further actually

 

[Wisdom01]

There ia nothing that can stop them from taking risks , if they think they need to take it actually , only thing that can make them stop is that the taxes are made higher which can stop them and that too can fail if the interest among the sector gets high further actually

yes with their so increase interest rates ,the determination to earn from cryptocurrency is actually of higher range with time it's definitely going to build , more concern interest is actually high ,the taxes are actually high and hope they dont stop the adoption of cryptocurrency now

 

[Horia_10]

The interest rates at the moment in us in increasing and that is why people are preferring to invest in the markets there while not investing in Bitcoin , Q' percentage difference which is quality difference is about 0.91% from fiat vs Bitcoin and that is more investors are choosing fiat vs btc and market is down this way .

 

[Wisdom01]

The interest rates at the moment in us in increasing and that is why people are preferring to invest in the markets there while not investing in Bitcoin , Q' percentage difference which is quality difference is about 0.91% from fiat vs Bitcoin and that is more investors are choosing fiat vs btc and market is down this way .

the inflation too is making things complicated ,I actually wish the hike in the interest rate could be solved once and for all , because the interest rate is been affected on a daily and things doesn't seems to be going well for Bitcoin too on the other dimension and ways too