I got the boomer! – Wouldn’t it be nice to be a millennial or zoom in on cryptocurrencies? And no, in terms of cryptographic performance, it’s the grandpa boomer who would keep pole position. All the details of this surprising analysis.
Are boomers stronger than millennials?
In the all-digital and cryptocurrency age, the observation seems rather stilted. However, it would turn out that the performances by our elders far outnumber those of the younger recruits. Indeed, cryptocurrencies, just like the traditional financial world, are a world of risk and sharks. Going there out of talent or instinct doesn’t necessarily work. And in this sense, the boomers, rooted in years of experience, are formidable project analysts.
Indeed, 34% of boomers spend up to several days analyzing a project before any substantial investment. A due diligence worthy of the name, like the one carried out on the traditional market for the purchase of company shares. This is 50% more than other generations. Furthermore, the study reveals that 64% of American investors spend less than 2 hours on a project before investing, or even jump headlong without either DYOR (Do your research).
Let’s not hide it, all of us have at one time or another rushed into a project simply by seeing the name go by on Twitter or YouTube. Brought by A FOMO (Fear of losing) unstoppable, we find ourselves trapped in a steep drop in price less than a week later. And that, the boomers, less fiery and more thoughtful, he seems to have got it right.
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Boomer, an experience worth gold… or Bitcoin
These boomers also pay more attention to the technical factors of each project. Tokenomics, marketcap, industry competitiveness, number of tokens in circulation compared to the total amount… They are also less trapped by false mirrors such as the presence of a leader or the design of a website. Rather, they are pragmatic in judging the quality of a cryptographic project.
Furthermore, carrying out project research also requires a good command of social networks. It is no secret that there is a lot happening on “Crypto Twitter”. We might as well believe the millennials and advantaged Zoomers. And it could be, but to a lesser extent. Indeed, these web apps2 they are no longer new. Even the boomers had time to get hold of them. Perhaps they wield them with less speed, sure, but that doesn’t hinder them in their quest.
In fact, quite the opposite happens. The younger generations they tend to overemphasize the general mood on Twitter. To the noises of the corridors, to the opinions of the influencers. Social networks are becoming their main vehicle for researching projects. While the boomers stick to the facts and use the networks as a real investigative tool. One tool among others.
Doing due diligence, especially in cryptocurrencies, is of the utmost importance. And boomers have experience on their side. Thus they immediately adopt the good reflexes acquired with their hard work on traditional markets. They also tend to be more patient and thoughtful in their actions. In summary, if your great-uncle starts giving you Warren Buffett-style advice during a boring family dinner, don’t hesitate to listen. We will never know.
If at the end of this article you are still not convinced of the vital importance of catching the Bitcoin and cryptocurrency train, let’s leave each other good friends: nothing and no one will succeed! If not, don’t wait any longer to prepare for the future. Run to register on Binance.