All posts by coinsbtmnews

Business

How Millennials Are Disrupting Crypto

Leave a comment

Cryptocurrency is one of the most exciting developments in the financial world in recent years. Bitcoin, the first and most popular cryptocurrency, was launched in 2009, and since then, the market has exploded, with new cryptocurrencies being created every day. While many people are still hesitant to invest in digital assets, millennials are embracing cryptocurrency and using it to disrupt the traditional financial system.

Millennials, born between 1981 and 1996, are the first generation to grow up with the internet and are more comfortable with technology than any previous generation. They are also more skeptical of traditional financial institutions, which they blame for the 2008 financial crisis and the resulting recession. As a result, millennials are turning to cryptocurrency as an alternative to traditional banking and investment options.

Buyers in the Gen Z and Millennials buckets make up nearly 94% of all crypto buyers — compared to just 6.14% across all other buyers over the age of 40. 

Looking a little closer, Gen Z buyers outnumber Gen X buyers by 3.5x and Boomer buyers by 14.3x.

Millennial buyers outnumber Gen X buyers by 15.5x and Boomer buyers by 62.9x.

So not only is crypto a young buyer’s game — it is by a very wide margin.

One reason why millennials are attracted to cryptocurrency is its decentralized nature. Unlike traditional financial institutions that are controlled by a small group of people, cryptocurrency is based on a decentralized network of computers that work together to verify transactions. This means that no single entity has control over the network, and there is no need for intermediaries like banks or brokers.

Another reason why millennials are embracing cryptocurrency is its potential for financial freedom. Cryptocurrency allows users to send and receive money without the need for a bank account, and it can be used to make purchases online or in-person. This makes it an attractive option for people who do not have access to traditional financial services or who want to avoid the fees and restrictions associated with traditional banking.

Millennials are also drawn to the potential for high returns on investment that cryptocurrency offers. While the market is volatile and can be unpredictable, some cryptocurrencies have seen massive gains in value over short periods of time. For example, in 2017, the price of bitcoin rose from around $1,000 to nearly $20,000 in just 12 months. This potential for high returns has made cryptocurrency an attractive investment option for many millennials.

In addition to disrupting the traditional financial system, millennials are also using cryptocurrency to support social causes. Many millennials are passionate about environmental and social issues, and they see cryptocurrency as a way to support these causes. Some cryptocurrencies, such as SolarCoin and Giveth, are specifically designed to support renewable energy projects and charitable causes.

Millennials are also disrupting the traditional investment industry by investing in cryptocurrency through non-traditional means. Rather than investing through a traditional brokerage account, many millennials are using cryptocurrency exchanges like Coinbase or Binance to buy and sell digital assets. These exchanges allow users to trade cryptocurrencies directly with each other, without the need for intermediaries.

Despite its many advantages, cryptocurrency still faces some challenges that must be overcome before it can become widely adopted. One of the biggest challenges is regulatory uncertainty. Many countries have yet to establish clear regulations around cryptocurrency, which makes it difficult for businesses to operate and for individuals to invest. Additionally, the lack of security in some cryptocurrency exchanges has led to hacking incidents and lost funds.

In conclusion, millennials are disrupting the traditional financial system by embracing cryptocurrency. They see it as a decentralized and more democratic alternative to traditional banking and investment options. By investing in cryptocurrency, millennials are supporting social causes and pushing for financial freedom. While the market is still volatile and faces many challenges, it is clear that cryptocurrency is here to stay, and millennials will continue to be at the forefront of its adoption and evolution.

Must Read, Trends

7 Answers to the Most Frequently Asked Questions About Crypto

Leave a comment

Cryptocurrency is a hot topic these days. While it has been around for over a decade, it has only recently gained mainstream attention. With this attention, comes a lot of questions. In this article, we will answer seven of the most frequently asked questions about crypto.

  1. What is cryptocurrency?

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank and can be used for online purchases or peer-to-peer transactions.

  1. How does cryptocurrency work?

Cryptocurrency operates on a decentralized ledger called a blockchain. Transactions are verified by a network of computers, rather than a central authority. This allows for faster, more secure transactions and eliminates the need for intermediaries like banks or brokers.

  1. Is cryptocurrency legal?

The legality of cryptocurrency varies from country to country. Some countries have embraced it and have established clear regulations, while others have banned it altogether. In the United States, cryptocurrency is legal, but it is subject to taxes and regulations.

  1. How can I buy cryptocurrency?

Cryptocurrency can be bought on a cryptocurrency exchange, such as Coinbase or Binance. To purchase cryptocurrency, you will need to create an account on the exchange, verify your identity, and link a payment method, such as a bank account or credit card.

  1. Is cryptocurrency a good investment?

Cryptocurrency is a highly volatile investment. While some cryptocurrencies have seen massive gains in value over short periods of time, others have lost value just as quickly. It is important to do your research and understand the risks before investing in cryptocurrency.

  1. How can I keep my cryptocurrency safe?

Cryptocurrency should be stored in a secure digital wallet. Hardware wallets, such as the Ledger Nano S or Trezor, are highly recommended for long-term storage. It is also important to use two-factor authentication and keep your private keys secure.

  1. Can cryptocurrency be used for everyday purchases?

While cryptocurrency is not yet widely accepted for everyday purchases, there are some merchants and businesses that accept it. The use of cryptocurrency for purchases is expected to increase as more people become familiar with it and more businesses begin to accept it.

In conclusion, cryptocurrency is a complex and ever-evolving topic. While there are still many questions surrounding it, it is clear that it has the potential to disrupt the traditional financial system and change the way we think about money. Whether you are interested in investing in cryptocurrency or simply want to learn more about it, it is important to do your research and stay informed about the latest developments.

New Gems

The Fascinating Facts About Memecoins

Leave a comment

Meme coins, also known as joke coins or memetic coins, are cryptocurrencies that are created as a joke or for entertainment purposes. They are often named after popular memes, celebrities, or viral sensations. While they may seem like a joke, some meme coins have gained significant value and a dedicated following. Here are some fascinating facts about meme coins.

  1. The first meme coin was Dogecoin

Dogecoin, which was created in 2013, is considered the first meme coin. It was named after the popular “Doge” meme, which features a Shiba Inu dog. Dogecoin started as a joke but quickly gained a following and became one of the top 10 cryptocurrencies by market cap in 2021.

  1. Meme coins have gained significant value

While meme coins may have started as a joke, some have gained significant value. For example, Dogecoin reached an all-time high of over $0.60 in May 2021, which represents a 12,000% increase from its value at the beginning of the year. Similarly, Shiba Inu coin, another popular meme coin, reached a market cap of over $13 billion in May 2021.

  1. Meme coins are often used for charitable purposes

Many meme coins are used for charitable purposes. For example, the creators of Dogecoin have donated to various charities, including the Jamaican bobsled team and clean water initiatives. Similarly, Shiba Inu coin has donated to various animal welfare organizations.

  1. Meme coins are often created as a parody of traditional cryptocurrencies

Meme coins are often created as a parody of traditional cryptocurrencies. They are meant to poke fun at the seriousness of the cryptocurrency industry and provide a lighthearted alternative. For example, Garlicoin, a meme coin named after the popular “Garlic Bread” meme, was created as a parody of Bitcoin.

  1. Meme coins are not always successful

While some meme coins have gained significant value, others have not been as successful. For every successful meme coin, there are dozens of others that have failed to gain a following or have been outright scams.

In conclusion, meme coins are a unique and fascinating part of the cryptocurrency industry. While they may have started as a joke, some have gained significant value and a dedicated following. Whether you are interested in investing in meme coins or simply want to learn more about them, it is important to do your research and understand the risks involved.

Blockchain, Guide, Guides, Web3

15 Counterintuitive Tips for Understanding Web3

Leave a comment

Web3, or the decentralized web, is a rapidly growing movement that aims to create a more transparent, secure, and decentralized internet. While it is still in its early stages, Web3 has already gained a passionate following of enthusiasts who are dedicated to promoting and advancing the movement. However, understanding Web3 can be challenging, especially for those who are new to the space. Here are 15 counterintuitive tips for understanding Web3.

  1. Don’t focus on the technology

While the technology behind Web3 is undoubtedly important, it is not the most important thing to understand. Instead, focus on the principles of decentralization, transparency, and collaboration that underpin the movement.

  1. Embrace complexity

Web3 is a complex and rapidly evolving space, and it can be tempting to try to simplify things. However, embracing complexity and recognizing that there is no one-size-fits-all solution is essential for understanding Web3.

  1. Follow the community

The Web3 community is a passionate and dedicated group of individuals who are committed to promoting and advancing the movement. Following the community and engaging with others in the space is a great way to learn more about Web3.

  1. Understand the economics

Web3 is not just about technology, it is also about economics. Understanding the economic incentives behind Web3, including tokenomics and decentralized finance, is essential for understanding the movement.

  1. Challenge your assumptions

Web3 is a space that challenges many of our assumptions about how the internet and technology should work. Be open to challenging your assumptions and exploring new ideas and perspectives.

  1. Learn by doing

Web3 is a space that rewards action and experimentation. Don’t just read about Web3, get involved and start experimenting with new tools and platforms.

  1. Look beyond the hype

Web3 is often surrounded by hype and buzzwords, but it is important to look beyond the hype and understand the real potential of the technology.

  1. Embrace uncertainty

Web3 is a space that is constantly evolving and changing. Embracing uncertainty and being comfortable with ambiguity is essential for understanding and navigating the space.

  1. Focus on use cases

Web3 is not just an abstract concept, it is a set of tools and platforms that can be used to solve real-world problems. Focus on use cases and look for ways that Web3 can be used to create real value.

  1. Don’t be afraid to ask for help

Web3 can be a challenging space to navigate, and it is okay to ask for help. Reach out to the community and ask for guidance and support.

  1. Keep an open mind

Web3 is a space that is constantly evolving and changing, and it is important to keep an open mind and be willing to adapt to new ideas and perspectives.

  1. Recognize the importance of governance

Web3 is not just about technology, it is also about governance. Understanding how decentralized communities make decisions and govern themselves is essential for understanding the movement.

  1. Understand the importance of community

Web3 is a community-driven movement, and understanding the importance of community and collaboration is essential for understanding the movement.

  1. Recognize the potential for disruption

Web3 has the potential to disrupt a wide range of industries, from finance to healthcare to social media. Recognizing this potential for disruption is essential for understanding the movement.

  1. Be patient

Web3 is still in its early stages, and it will take time for the technology to mature and for the movement to reach its full potential. Be patient and recognize that progress will be incremental.

In conclusion, understanding Web3 can be challenging, but by following these 15 counterintuitive tips, you can gain a deeper understanding of the movement and its potential. By focusing on principles, economics, use cases, community, governance, and disruption,

New Gems

The Most Beloved Meme Coins, According to Volumes

Leave a comment

Meme coins have taken the crypto world by storm, with their irreverent names and playful branding attracting a whole new generation of investors. These coins, which are often created as a joke or a parody, have quickly become some of the most popular and widely traded cryptocurrencies on the market. Here are the most beloved meme coins according to volumes.

  1. Dogecoin (DOGE)

Dogecoin is arguably the most famous meme coin and has become a household name in the crypto world. Created as a joke in 2013 by software engineers Billy Markus and Jackson Palmer, Dogecoin was inspired by the popular internet meme featuring the Shiba Inu dog. Despite being created as a parody, Dogecoin quickly gained a following and has since become one of the most popular cryptocurrencies in the world. In May 2021, the coin reached an all-time high of $0.69, which was a 12,000% increase from its price at the start of the year.

  1. Shiba Inu (SHIB)

Shiba Inu is a newer meme coin that was created in August 2020. Like Dogecoin, Shiba Inu is named after the Japanese dog breed and has a playful, meme-inspired branding. The coin has quickly gained popularity, with its price surging by more than 2,500% in May 2021. Shiba Inu has also been listed on major cryptocurrency exchanges like Binance and Coinbase, which has helped to further increase its popularity.

  1. SafeMoon (SAFEMOON)

SafeMoon is a relatively new meme coin that was created in March 2021. The coin has gained popularity due to its unique features, such as a 10% tax on each transaction that is split between existing holders and liquidity pools. This tax helps to discourage short-term trading and encourages long-term holding. SafeMoon has also gained attention for its strong and engaged community, which has helped to promote the coin and drive up its price.

  1. Baby Doge (BABYDOGE)

Baby Doge is a newer meme coin that was created as a spin-off of Dogecoin. The coin was launched in June 2021 and has quickly gained a following due to its playful branding and its strong community. Baby Doge has also been listed on major cryptocurrency exchanges, which has helped to increase its liquidity and popularity.

  1. Hoge Finance (HOGE)

Hoge Finance is a meme coin that was created in February 2021. The coin has gained popularity due to its unique features, such as a 1% burn rate on each transaction that helps to reduce the overall supply of the coin. Hoge Finance has also gained attention for its strong community, which has helped to promote the coin and drive up its price.

  1. Akita Inu (AKITA)

Akita Inu is another meme coin that was created as a spin-off of Dogecoin. The coin was launched in April 2021 and has quickly gained a following due to its playful branding and its strong community. Akita Inu has also been listed on major cryptocurrency exchanges, which has helped to increase its liquidity and popularity.

  1. Floki Inu (FLOKI)

Floki Inu is a newer meme coin that was created in July 2021. The coin was named after Elon Musk’s dog, Floki, and has gained popularity due to its playful branding and its strong community. Floki Inu has also been listed on major cryptocurrency exchanges, which has helped to increase its liquidity and popularity.

  1. Elongate (ELONGATE)

Elongate is a meme coin that was created in March 2021. The coin has gained popularity due to its strong social mission, which involves donating a portion of

Business, Must Read

The Incredible Crypto Market Product I Can’t Live Without

Leave a comment

As the world of cryptocurrency continues to grow and evolve, there are countless products and tools available to help make investing easier and more profitable. But for me, there is one product that stands out above the rest: the CoinsBTM platform.

The CoinsBTM platform is a powerful tool that allows you to monitor the cryptocurrency market in real time, giving you an edge when it comes to making informed investment decisions. With its intuitive interface and advanced algorithms, coinsBTM is able to sift through vast amounts of data to identify trends, patterns, and opportunities that might otherwise go unnoticed.

One of the things that I love about coinsBTM is its versatility. Whether you are a seasoned investor or just starting out, the platform is designed to meet your needs. For beginners, the platform provides a wealth of educational resources and tutorials to help you understand the intricacies of the market and make informed decisions. And for more experienced investors, it offers a range of advanced features and customization options to help you fine-tune your strategy and maximize your returns.

Another feature that sets coinsBTM apart from other products on the market is its ability to identify emerging trends and coins before they hit the mainstream. By monitoring social media, news outlets, and other sources, the scanner is able to identify buzz around new projects and coins, giving users a head start on the competition.

Of course, no product is perfect, and coinsBTM is no exception. Some users have reported that the platform can be overwhelming or intimidating at first, especially if you are new to the world of cryptocurrency. However, with a little patience and persistence.

In conclusion, the CoinsBTM is an incredible product that has helped me make smarter, more profitable investments in the cryptocurrency market. With its advanced algorithms, real-time monitoring, and range of customization options, the platform is an indispensable tool for anyone looking to get ahead in this rapidly evolving industry. Whether you are a seasoned investor or just starting out, I highly recommend giving CoinsBTM a try – you won’t be disappointed.