24-hour trading: How cryptocurrencies and NFTs attract young people

In today's digital age, young people are facing unprecedented opportunities and challenges. With the rapid development of technology, cryptocurrencies and NFTs (non-fungible tokens) have gradually become an indispensable part of young people's lives. The BBC report pointed out that these emerging financial instruments have not only triggered a boom in the financial market, but also had a profound impact on young people's lifestyles, consumption habits and values. This article will explore in depth how cryptocurrencies and NFTs are attractive to young people and analyze the potential risks and opportunities they may bring.

First, the rise of cryptocurrencies provides young people with more flexible investment options than the traditional financial system. Take Bitcoin as an example. Since its launch in 2009, its value has experienced amazing growth. According to statistics, the price of Bitcoin was only $0.003 in 2010, and in 2021, its price once exceeded $60,000. This phenomenon has attracted the attention of a large number of young investors who hope to achieve rapid growth in wealth by investing in cryptocurrencies. On social media, many young people share their investment experiences and show the profits they have made through cryptocurrency trading, further deepening this attraction.

Secondly, the popularity of NFT has also attracted a large number of young people. As a unique digital asset, NFT allows users to buy, sell and trade digital artworks, music, videos and other forms of content. Many young artists have displayed their works through the NFT platform and gained unprecedented exposure and income. For example, the digital artist Beeple sold an NFT work for $69.3 million in 2021, and the news instantly set off social media. Young people are attracted by this new way of creation and trading, and have joined the creation and trading of NFTs.

In addition, the popularity of social platforms is also accelerating the spread of this phenomenon. Young people are keen to share their investment experience and NFT collections on platforms such as TikTok and Instagram, forming a "cultural trend". This trend not only makes the knowledge of cryptocurrency and NFT spread faster, but also makes more young people willing to participate. In such an environment, investing in cryptocurrency and NFT seems to have become a "new fashion" for young people.

However, despite the many opportunities brought by cryptocurrency and NFT, young people also need to be aware of the potential risks. First of all, the cryptocurrency market is extremely volatile, and investors may face huge losses. According to statistics, many young investors frequently trade in the process of pursuing short-term gains, which eventually leads to the loss of funds. In addition, the NFT market is also full of uncertainty. The value of many works does not have a stable market basis. Young people need to carefully evaluate their potential value when purchasing.

Furthermore, the transaction process of cryptocurrency and NFT is complicated, and many young people do not fully understand the technical principles behind them. Although blockchain technology provides security for digital assets, there is still a risk of being hacked and defrauded. Young people often lack the necessary knowledge and experience when participating in these transactions, and are easily targeted by criminals.

Despite this, the charm of cryptocurrency and NFT still attracts the attention of young people. Many people believe that participating in these emerging markets is not only an investment behavior, but also a lifestyle choice. By interacting with these digital assets, young people can feel their place in the global financial system. As one young investor said: "I am not just making money, I am participating in a future change."

Against this background, the importance of education has become increasingly prominent. Young people need to have basic financial knowledge and risk awareness in order to make wise decisions in the cryptocurrency and NFT markets. Many universities and institutions have begun to launch relevant courses and lectures to help young people understand the operating mechanism of this emerging market. At the same time, educational content on social media is also increasing, with many experts and investors sharing their experiences through videos and articles to help young people better understand cryptocurrencies and NFTs.

In the future, as technology continues to develop and the market matures, cryptocurrencies and NFTs may bring more opportunities to young people. Many experts predict that with the development of decentralized finance (DeFi) and smart contracts, young people will be able to participate in the financial market at a lower cost and enjoy higher returns on investment. In addition, the application scenarios of NFTs are also expanding, from digital artworks to virtual real estate, young people will have the opportunity to innovate and invest in more areas.

In short, the rise of cryptocurrencies and NFTs has provided young people with unprecedented opportunities and challenges. Although market volatility and risks still exist, young people's enthusiasm and spirit of exploration in this emerging field are destined to play an important role in the future financial world. In this rapidly changing era, we look forward to seeing more young people create their own glory in the wave of cryptocurrencies and NFTs.

At the end of this article, we can't help but think: While chasing wealth and trends, can young people remain rational and treat all this prudently? How to enjoy the convenience brought by new technologies while avoiding being swallowed by potential risks? Only when young people have sufficient knowledge and experience can they find their own direction and embark on their own path to success in this era full of opportunities and challenges.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Yesterday, the British media BBC published a report titled "How Generation Z is Obsessed with Cryptocurrency and NFT", pointing out that cryptocurrencies and NFTs can be traded 24 hours a day without time restrictions, the decentralized nature of blockchain digital assets, and the high volatility of the assets themselves, the temptation of making quick money deeply attracted Generation Z (the age group born between the 1990s and 2000s).

However, the report also pointed out that risky assets in this field are still not fully regulated, and investors cannot be properly protected in the field, but this does not affect Generation Z's enthusiasm for investing in this field.

According to the BBC, a 20-year-old young man Paxton See
Tow told him that all my friends were discussing cryptocurrencies, so one day I decided to jump in and see if I could make some money in the market, and I only needed a mobile phone to trade assets worth thousands of dollars.

A year ago, Paxton bought 1,000 Singapore dollars worth of Bitcoin, which immediately made him a profit of about 10%. When he planned to continue investing to double his growth, the price fell.

Paxton said: There is always a saying in the market, buy low and sell high, but I did the exact opposite at the moment. I was not trading rationally, so I threw away all the money before I had a new strategy.

Another is an older trader named Kelvin
Kong. After making six figures in cryptocurrencies in 2017, Kong lost $500,000 the following year. Kong said at the time that I thought I was the king of trading, so I became arrogant, so I continued to buy, and then I lost everything.

"I only had a few hundred dollars left in my bank account. I almost fell into depression and had suicidal thoughts."

Kong also expressed concern about young people's ordinary trading of cryptocurrencies and NFTs: the cryptocurrency market never rests, so investors will be completely attracted to it, but many young people will eventually lose money on their investments.

NFT

However, the various warning stories in the market do not seem to dampen the enthusiasm of young traders for investing in cryptocurrencies and NFTs.

The BBC also said that for many new users, the first digital asset they participated in was a project that rewards players with cryptocurrencies and NFTs by playing games to earn money.

A 23-year-old Malaysian named Yellow Panther told the BBC that every child's dream was to make money by playing games. Yellow
Panther also resigned from his position as a supervisor one month after being exposed to NFT transactions and embarked on the path of a full-time NFT trader.

"It takes a long time to work on weekdays from Monday to Friday. Not only does it take 8-9 hours a day, but the salary is also very low. I see huge opportunities in the NFT field, so I believe in it."

Another interviewee is 22-year-old Jowella
Lim, who told the BBC that gaining financial freedom and standing at the forefront of technology are the reasons for his entry into the family secret or must be borrowed, and that as governments around the world seek to regulate the industry, they believe it will help to legalize cryptocurrencies and NFTs.

"Regulators must eventually compromise and realize that this is a technology they can no longer ignore, especially as it continues to penetrate this society."

Is cryptocurrency investment an addiction or a passion? 

Andy Leach from Visionsby Promises, an addiction clinic in Singapore, told the BBC that he has seen many young clients (especially men) become addicted to the pleasure of trading cryptocurrencies and NFTs.

"Because you can always observe the ups and downs of the cryptocurrency market through your mobile phone, including the pleasure of price fluctuations and volatility."