Young investors hit hardest by Bitcoin's slump

[MarillionFan]

Suckers

[NotAllThere]

My son doesn't invest in cryptocurrency. Due a tech stock slump, his portfolio fell 10% last month. Mine increases 10%. To be fair, he's only been investing for a year and his portfolio is only about £10K - short term fluctulation. It'll be recovered.

[AtW]

Someone did. They sold them bitcoin and made some money.

Some auld baby boomer!

[Paralytic]

WHY DIDN'T SOMEONE THINK OF THE CHILDREN!!!!

Someone did. They sold them bitcoin and made some money.

[_V_]

WHY DIDN'T SOMEONE THINK OF THE CHILDREN!!!!

[LondonManc]

[GJABS]

The survey of 1,000 also found that 70pc of young investors now viewed cryptocurrency as a good investment option

It's tragic. Only one word for it

[AtW]

"Investors aged under 37 are twice as likely to trade cryptocurrencies as stocks

Bitcoin has fallen sharply from an all-time high, hitting younger investors – who are twice as likely to buy cryptocurrencies as stocks – the hardest.

After hitting a peak of more than $63,000 (£46,000) per coin earlier this month, the price of Bitcoin has fallen by a fifth, trading at $53,000 on Monday.

That slump has hit younger investors who have been the most enthusiastic backers of cryptocurrencies. According to research from Charles Schwab, a stock broker, 51pc investors aged under 37 trade cryptocurrencies while just 25pc buy stocks. By contrast, only 8pc of over-55s have dabbled in digital assets.

On CoinCorner, a Bitcoin broker, 75pc of users are under 44 with 25-34 the most common age group. Just 6pc of its users are over 65.

The survey of 1,000 also found that 70pc of young investors now viewed cryptocurrency as a good investment option, with one in three buying more this year compared with just 10pc who were selling."

https://www.telegraph.co.uk/investin...itcoins-slump/