Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: TomPluz on October 28, 2024, 04:43:32 AM
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I heard that around 80% of the people who are into cryptocurrency ranges from 18 to 44 and only around 7% are actually those in the senior years...so we can then say that cryptocurrency belongs to the younger people.
Why this is so? Maybe senior people find cryptocurrency as something to be difficult to dealt with and they can be afraid of new technological innovations like Bitcoin which calls for someone to undergo some learning curve to avoid risks involved.
I am sure there are some senior people who are in this forum...I wanna know your experiences whether it is difficult or easy and how is it with your fellows?
And to the younger generation...do you think it would be good or bad to involved the older people, in the first place?
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I think the population of the younger people in the world today are much more in number than the older people, and this could be one of the reasons we are having more younger people on Bitcoin or cryptocurrency generally.
Again, many older people may be unwilling to learning a new idea of earning extra money seeing that some set of this order people are going on retirement, while some set are also too old to be running after earning more income.
In addition, there is time for everything. Many older people may consider crypto as a difficult options to earn because it takes a longer process to acquire the knowledge and experience to earn additional income because they have already pass the age to continue learning new ways of earning income in my opinion.
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Why this is so? Maybe senior people find cryptocurrency as something to be difficult to dealt with and they can be afraid of new technological innovations like Bitcoin which calls for someone to undergo some learning curve to avoid risks involved.
i do not think it is the fear of technology that keeps the elderly from knowing about crypto and using it but the younger generation are more prone to learning about crypto because of how much time they spend on the internet and on their electronic devices
even if the elderly do find out about crypto it won’t most likely from just scrolling through something so i would consider it to be an extra effort on their side
I am sure there are some senior people who are in this forum...I wanna know your experiences whether it is difficult or easy and how is it with your fellows?
I know people above 44 who are still very much involved with the internet and technology so it depends really some old generation have completely written off the use of technology or they just were never exposed to new tech even in adult years making it more difficult for them to get on board now
but for those who have been in the tech sector already for a long time it wasn’t that difficult but maybe there is some slight difference between the youngsters and the elderly ones on how they approach crypto and technology
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You can think of what could be the reason if you see people like Warren Buffett and Peter Sheriff talking about bitcoin and cryptocurrencies generally.
The answer is that old people prefer to be fixated to what they have learned before in their younger age. If they got to older age, they will think they need nothing to learn from again.
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I am not really senior and yet I don't feel like learning new things anymore, and just want to continue with my current knowledge, so I am not really surprised if older people no longer want to bother with this new inventions either.
There are definitely exceptions though, on Bitcointalk we have few members who one would consider old and yet are involved in crypto.
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About title of this thread, we could just borrow answer of question "Technology and the Seniors: Difficult or Easy?" ;D. But aside from hesitation from learning something new, i expect some of them actually don't want risk any money they have or prefer stability from current bank/investment system.
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About title of this thread, we could just borrow answer of question "Technology and the Seniors: Difficult or Easy?" ;D. But aside from hesitation from learning something new, i expect some of them actually don't want risk any money they have or prefer stability from current bank/investment system.
Totally.
They may see the BTC as a Ponzi scheme, just like we sometimes view shitcoins ;D
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The reason why we don't see many senior people in the crypto is not because it's hard for them to understand, it's simply because they are not fond of changes. They have been using fiat system for their whole life and when they see internet currency in vague terms about Bitcoin won't interest them much.
But I know some who are old and Invest in Bitcoin and other cryptos so age is not really a barrier to make money.
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Seniors on this forum are I think became a minority because of the fact that majority of newcomers are in younger generations that are way more interested on this industry compared to seniors outside of this forum who are afraid of getting scammed and most of them are not interested in crypto not unless they are part of Bitcoin community since it was founded or even in later years but I could be wrong here though there's no exact numbers of seniors and younger generations taking part in here. For younger people it might be easy for them due to technological advancements compared to seniors because old ones are mostly not tech savvy.
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I heard that around 80% of the people who are into cryptocurrency ranges from 18 to 44 and only around 7% are actually those in the senior years...so we can then say that cryptocurrency belongs to the younger people.
Why this is so? Maybe senior people find cryptocurrency as something to be difficult to dealt with and they can be afraid of new technological innovations like Bitcoin which calls for someone to undergo some learning curve to avoid risks involved.
I am sure there are some senior people who are in this forum...I wanna know your experiences whether it is difficult or easy and how is it with your fellows?
And to the younger generation...do you think it would be good or bad to involved the older people, in the first place?
Actually you discussion a best opinion in your post. I am also agree with this opinion. Because we know that bitcoin is the best popular currency in cryptocurrency market. We also saw that's many young people are including in crypto market. If we another thought, many old people also involved in cryptocurrency site. But i think that few old people also involved in cryptocurrency site. Because i believe that trading and invest will be difficult for them. But many young people want to risk in cryptocurrency market. So i believe that bitcoin or cryptocurrency market will be best opportunity for young trader or investors.
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Seniors are usually not driven towards adventure and investment and prefer stability and a comfortable and stable pension even if it is not very large, and since governments always warn that Bitcoin is a very volatile asset, I expect that they do not like risks.
Also, old people do not like modern technology and think it is complicated, so they try to stay away from it, for example, here in my country, most of Seniors still keep the old Nokia phones with buttons and refuse to give them up or replace them because they think that modern Android and iPhone phones are too complicated.
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They may see the BTC as a Ponzi scheme, just like we sometimes view shitcoins ;D
This is one area that surely many seniors are afraid of. Who would want to lose some money when you are already in your 50s and 60s, right? And we know that among many different industries around, it is the cryptocurrency that can be labeled as scam-ridden one...to be honest. I was a victim of many scams before and I know that feeling of losing something which you work so hard and just lost in a blink of an eye. Now, one way not to be victimize by scams is by education or learning...and this is where many seniors may have an issue with as they don't have the time to learn new things and they can be afraid of technical terms to begin with. I am not saying that there are no good number of seniors in this industry because I am talking on the mainstream population. Still, we should hope that there can be senior people to get into cryptocurrency all because there are opportunities here they can use to all more arsenals to their retirement plans.
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I think that it is not only age but also a certain entrepreneurial spirit that is quite pronounced in some countries, while in others traditional values prevail and "older" people generally decide not to invest at all or to invest in gold or government bonds.
Also, a lot of people who are 60+ have already achieved most of the things that could and should have been done in life, most of them do not want new challenges, and Bitcoin certainly seems like quite a challenge at that age. I have personally met a couple of older people who are otherwise entrepreneurial, but they never showed a serious interest in investing in Bitcoin even though we talked about it.
+1
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I heard that around 80% of the people who are into cryptocurrency ranges from 18 to 44 and only around 7% are actually those in the senior years...so we can then say that cryptocurrency belongs to the younger people.
Why this is so? Maybe senior people find cryptocurrency as something to be difficult to dealt with and they can be afraid of new technological innovations like Bitcoin which calls for someone to undergo some learning curve to avoid risks involved.
I am sure there are some senior people who are in this forum...I wanna know your experiences whether it is difficult or easy and how is it with your fellows?
And to the younger generation...do you think it would be good or bad to involved the older people, in the first place?
If I am not wrong I read on Altt Chat that you are also old or don't know where I read that, please confirm if I am not wrong. Well if you are also old I would love to hear your experience as well. I am not old I am in my 20s now and learned about crypto in 2018 not exactly learned but saw how people were making money from mining and I also started to join virtual mining sites on different platforms where they have to meet us some minimum withdrawal amount and for days I waited and end up with internet and electricity cost haha.
Well, then I come to know about BTT and joined it hmm in 2021 and here I am now. Nothing unique just same old path we all follows but I was a bit boring I did not take big risks and did not made big money or lose too. Overall you are right BTC and new digital world is risky for them I just read on BTT few days ago that some old lady in her 80s maybe got scammed 200K plus dollars by scammers who used AI to act like they are president of some country and she lost all of her money this is so sad. And yeah future will be full of crypto freaks so we might see something new by 2050.
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I don't see a negative impact to the seniors when they invest their pensions or their current income from business (or side jobs) into cryptocurrencies. Some things might be too complicated for them but we already have wallets and exchanges that makes it more convenient for them to buy and sell. The main problem here is that they are always a favorite target of online scammers. Once their information is leaked, they are more vulnerable to social engineering.
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Why this is so? Maybe senior people find cryptocurrency as something to be difficult to dealt with and they can be afraid of new technological innovations like Bitcoin which calls for someone to undergo some learning curve to avoid risks involved.
I think it has something to do with the senior preference of doing things traditionally, but they can learn to adopt if they are properly led and people can explain the easy way, instead of the technical terms.
I am sure there are some senior people who are in this forum...I wanna know your experiences whether it is difficult or easy and how is it with your fellows?
I have no problem explaining this to the old folks in our area, you just have to show them how in the easiest possible way and show them how it works by example, they understand that we are living in a modern world and they need to adapt.
And to the younger generation...do you think it would be good or bad to involved the older people, in the first place?
They should be, Bitcoin is for everyone as long as you can understand how it works Anyone, regardless of age, can involve with Cryptocurrency
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Why this is so? Maybe senior people find cryptocurrency as something to be difficult to dealt with and they can be afraid of new technological innovations like Bitcoin which calls for someone to undergo some learning curve to avoid risks involved.
I am sure there are some senior people who are in this forum...I wanna know your experiences whether it is difficult or easy and how is it with your fellows?
And to the younger generation...do you think it would be good or bad to involved the older people, in the first place?
You said the reason already. Most of the seniors find it difficult to understand cryptocurrency especially now that some or most of them aren't that familiar when it comes to smartphone and computers, and we know that in order to access cryptocurrency, you need to know how to use either smartphone or computer. I believe this is one of the main reasons as to why seniors will prefer not jumping into crypto even though once or twice, they've heard it already. They just simply ignore it.
Is it bad or good to involve older people? It depends. There are some seniors out there that are good at using smartphones, but these people might have a difficult time learning crypto hence, they'll just simply give up and just ignore it especially if they think that they will not get any benefits from it. Involving seniors isn't a good or bad idea at all, but as for me, I don't want to teach seniors especially those who aren't techy at all.
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Why this is so? Maybe senior people find cryptocurrency as something to be difficult to dealt with and they can be afraid of new technological innovations like Bitcoin which calls for someone to undergo some learning curve to avoid risks involved.
I am sure there are some senior people who are in this forum...I wanna know your experiences whether it is difficult or easy and how is it with your fellows?
And to the younger generation...do you think it would be good or bad to involved the older people, in the first place?
You said the reason already. Most of the seniors find it difficult to understand cryptocurrency especially now that some or most of them aren't that familiar when it comes to smartphone and computers, and we know that in order to access cryptocurrency, you need to know how to use either smartphone or computer. I believe this is one of the main reasons as to why seniors will prefer not jumping into crypto even though once or twice, they've heard it already. They just simply ignore it.
There are enough user friendly wallets available that I don't think it would be that hard to understand basic things with some guidance but the scams are rampant in this space, sometimes sophisticated that even techy people fall prey to them, so scams in this space are more worriesome than usability aspect imo.
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- You know, in our time today, the senior citizens I meet agree with, even if I don't open a discussion about crypto. Just hear one word from others, and you will immediately see their response if there is interest or not. Then they just say, usually, "Oh, I see, yeah, I know that.
I heard it before some of my friends or I watched it on YouTube." Will they be the first to say, "It's not Bitcoin or crypto for them anymore. Or they'll say that I'm old and I don't have time to learn more?" These are just some of the usual things I hear from them. I have never seen an adult who has had an interest in Bitcoin or crypto.
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And to the younger generation...do you think it would be good or bad to involved the older people, in the first place?
Many older people if allowed to choose between receiving a fixed/stable income, and investing in bitcoin which is highly volatile, will gladly choose a fixed income. Many of them can not handle the risk of watching their investment or savings depreciate and appreciate in value within just short intervals. Many of them are not interested in hodling for long term, this means short term hodling will be disadvantageous to them.
Introducing bitcoin to them will be really stressful. How do one convince them that bitcoin which has no central authority in control is way better than the traditional banking system they are already used to? Explaining some complex things about Bitcoin may be too difficult for them to understand. I recently read where a 70 years old woman lost all her bitcoins to scammers because she didn't understand how to protect herself from scammers. it is better to allow them stick to what they already know.
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I heard that around 80% of the people who are into cryptocurrency ranges from 18 to 44 and only around 7% are actually those in the senior years...so we can then say that cryptocurrency belongs to the younger people.
Why this is so? Maybe senior people find cryptocurrency as something to be difficult to dealt with and they can be afraid of new technological innovations like Bitcoin which calls for someone to undergo some learning curve to avoid risks involved.
I am sure there are some senior people who are in this forum...I wanna know your experiences whether it is difficult or easy and how is it with your fellows?
And to the younger generation...do you think it would be good or bad to involved the older people, in the first place?
If you say so I won't doubt you because lot people advance people I know around me doesn't give much attention to cryptocurrency because they never have that believe that it would last, instead they saw it as a means of gambling where they need to be very mindful with that amount they are investing into it. Most times it happens that they sees it as a lazy people work or investment where it's not real at all, so looking from how people are diving into this technology almost people who pulling weight are all younger people, except those who started the move back 2009 now became old now and they have already established the trust.
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while Bitcoin can be challenging for seniors, the right tools, resources, and support can make it easier. A patient approach and small initial investment can help seniors explore this new asset class with greater confidence and security.
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If you say so I won't doubt you because lot people advance people I know around me doesn't give much attention to cryptocurrency because they never have that believe that it would last, instead they saw it as a means of gambling where they need to be very mindful with that amount they are investing into it. Most times it happens that they sees it as a lazy people work or investment where it's not real at all, so looking from how people are diving into this technology almost people who pulling weight are all younger people, except those who started the move back 2009 now became old now and they have already established the trust.
Pessimists will always exists as to anything that goes through their tradition for something new after realising the hardship involved is easier. But now with the onset of this technology we are able to consider a different dynamic in which we exist with financial systems and technology. It may not yet be time for everybody to fully dive into the technology but over time and with careful analysis we can see the real worth of this innovation. Apparently, if we agree to open ourselves to new things, then it may be that this technology will open more benefits than we could ever probably agree to.
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If you say so I won't doubt you because lot people advance people I know around me doesn't give much attention to cryptocurrency because they never have that believe that it would last, instead they saw it as a means of gambling where they need to be very mindful with that amount they are investing into it. Most times it happens that they sees it as a lazy people work or investment where it's not real at all, so looking from how people are diving into this technology almost people who pulling weight are all younger people, except those who started the move back 2009 now became old now and they have already established the trust.
Pessimists will always exists as to anything that goes through their tradition for something new after realising the hardship involved is easier. But now with the onset of this technology we are able to consider a different dynamic in which we exist with financial systems and technology. It may not yet be time for everybody to fully dive into the technology but over time and with careful analysis we can see the real worth of this innovation. Apparently, if we agree to open ourselves to new things, then it may be that this technology will open more benefits than we could ever probably agree to.
That is true though but I think the time is already here and lot of things gonna change as Trump begin his new administration there would be sudden rise things will began to change over time. I believe his coming back might bring adoption and legalization, judging by the sudden rise you would definitely understand that it's for a reason and I believe it would come true.
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And to the younger generation...do you think it would be good or bad to involved the older people, in the first place?
involving parents is not bad, it's just that there might be a delay in understanding and it takes a lot of time to convince parents to believe in bitcoin, because the risks are very heavy if it's in the circle of parents, unlike young people who are optimistic about a better future and having wealth at a young age is their thinking and btc supports their thinking that they can make them rich by buying and holding until the target is determined
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If you say so I won't doubt you because lot people advance people I know around me doesn't give much attention to cryptocurrency because they never have that believe that it would last, instead they saw it as a means of gambling where they need to be very mindful with that amount they are investing into it. Most times it happens that they sees it as a lazy people work or investment where it's not real at all, so looking from how people are diving into this technology almost people who pulling weight are all younger people, except those who started the move back 2009 now became old now and they have already established the trust.
Pessimists will always exists as to anything that goes through their tradition for something new after realising the hardship involved is easier. But now with the onset of this technology we are able to consider a different dynamic in which we exist with financial systems and technology. It may not yet be time for everybody to fully dive into the technology but over time and with careful analysis we can see the real worth of this innovation. Apparently, if we agree to open ourselves to new things, then it may be that this technology will open more benefits than we could ever probably agree to.
That is true though but I think the time is already here and lot of things gonna change as Trump begin his new administration there would be sudden rise things will began to change over time. I believe his coming back might bring adoption and legalization, judging by the sudden rise you would definitely understand that it's for a reason and I believe it would come true.
Of course the belief that the government can undergo major changes can create new expectations, most notably in terms of regulation and adoption of specific technologies or policies. Nevertheless the optimist is a good thing, the optimist should not expect more than is reasonably possible. It is important to note that not all occurrence of changes occur at the snap of a finger and all the progression from one step to another in any legalization and adoption circumstance are always time taking concerning various factors. Hence instead of repeatedly expecting for change to happen, one can and should proceed to do things that we are in charge of in this case by acquiring more knowledge and additional skills in that particular area.
Moreover, the existence of opportunities means, the potential presence of impact should be taken into account by us. Although there are policies that have positive effect we also need to be ready for the negative effects that come with it. In this manner, not only do we remain heavy on an external aspect but also, if necessary, are prepared for a change. This attitude lets us go forward and capitalise on opportunities as they are already known at the future regardless of further change.
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I don't see a negative impact to the seniors when they invest their pensions or their current income from business (or side jobs) into cryptocurrencies. Some things might be too complicated for them but we already have wallets and exchanges that makes it more convenient for them to buy and sell.
i actually have some reservations about retirees investing their pensions or retirement funds especially if they are not very knowledgeable about crypto or just investing in general i fear that they will lose all of their money and theyll be left with nothing
this is why i am working hard to have money now so i do not need to still be finding ways to be financially stable when i am old
The main problem here is that they are always a favorite target of online scammers. Once their information is leaked, they are more vulnerable to social engineering.
that is because a lot of them do not know the dangers of the internet and some of them do not know how to protect themselves
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If you say so I won't doubt you because lot people advance people I know around me doesn't give much attention to cryptocurrency because they never have that believe that it would last, instead they saw it as a means of gambling where they need to be very mindful with that amount they are investing into it. Most times it happens that they sees it as a lazy people work or investment where it's not real at all, so looking from how people are diving into this technology almost people who pulling weight are all younger people, except those who started the move back 2009 now became old now and they have already established the trust.
Pessimists will always exists as to anything that goes through their tradition for something new after realising the hardship involved is easier. But now with the onset of this technology we are able to consider a different dynamic in which we exist with financial systems and technology. It may not yet be time for everybody to fully dive into the technology but over time and with careful analysis we can see the real worth of this innovation. Apparently, if we agree to open ourselves to new things, then it may be that this technology will open more benefits than we could ever probably agree to.
That is true though but I think the time is already here and lot of things gonna change as Trump begin his new administration there would be sudden rise things will began to change over time. I believe his coming back might bring adoption and legalization, judging by the sudden rise you would definitely understand that it's for a reason and I believe it would come true.
Of course the belief that the government can undergo major changes can create new expectations, most notably in terms of regulation and adoption of specific technologies or policies. Nevertheless the optimist is a good thing, the optimist should not expect more than is reasonably possible. It is important to note that not all occurrence of changes occur at the snap of a finger and all the progression from one step to another in any legalization and adoption circumstance are always time taking concerning various factors. Hence instead of repeatedly expecting for change to happen, one can and should proceed to do things that we are in charge of in this case by acquiring more knowledge and additional skills in that particular area.
Moreover, the existence of opportunities means, the potential presence of impact should be taken into account by us. Although there are policies that have positive effect we also need to be ready for the negative effects that come with it. In this manner, not only do we remain heavy on an external aspect but also, if necessary, are prepared for a change. This attitude lets us go forward and capitalise on opportunities as they are already known at the future regardless of further change.
As we know the race has already began and we need to be optimistic about what the new government would give birth in the space as many people has been expectant of the possibilities which is to come through this new administration, and of course we know the current regime is a bitcoin friendly government and even though the past seems to have hated bitcoin that doesn't mean bitcoin will be dead or won't still create out the possibilities as many people seems to have been venturing into the market on a regular basis.
This creates another wonders towards the space even though Trump emerges as one but we can say his is a channel through which bitcoin wanna scale through to gain it's stability within the cryptosphere. Yes we know that and thus has cause a some sudden surge beyond expectations of old investors and of a true people who hadn't believe it would result to this level are those who are in all means eager and wanting to venture into the market without even considering how the market has risen within the past few days.
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I don't see a negative impact to the seniors when they invest their pensions or their current income from business (or side jobs) into cryptocurrencies. Some things might be too complicated for them but we already have wallets and exchanges that makes it more convenient for them to buy and sell.
i actually have some reservations about retirees investing their pensions or retirement funds especially if they are not very knowledgeable about crypto or just investing in general i fear that they will lose all of their money and theyll be left with nothing
The need for education for those who are elderly to invest in crypto, of course the risk is very great when they don't understand what they are doing.
Crypto is full of many scams that will take over the investments of the elderly very easily.
Reading a lot of news about the elderly losing their investments unconsciously, and that's a pretty big investment.
As a savvy person, I myself would probably educate my grandfather when he wants to invest their retirement funds in crypto safely and appropriately.
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The need for education for those who are elderly to invest in crypto, of course the risk is very great when they don't understand what they are doing.
Crypto is full of many scams that will take over the investments of the elderly very easily.
Reading a lot of news about the elderly losing their investments unconsciously, and that's a pretty big investment.
As a savvy person, I myself would probably educate my grandfather when he wants to invest their retirement funds in crypto safely and appropriately.
Admittedly, it is high time for the cryptocurrency community to start explaining what cryptocurrencies are to the elderly to prevent them from falling victim to somebody’s scams. The whole crypto space with all the possibilities sometimes looks like the world of a clear miracle, if there is not enough knowledge in it. Sometimes it just is a lack of basic communication that they have failed to grasp some of the fundamentals that we take for granted, such as exactly how investments work or how to recognise potential frauds and scams so they should not proceed any further with such intentions. By so doing it will enable us assist them lock up the funds they have been able to build up over the years.
As a family, this has also taken a important noticeable effort in demonstrating our care towards their welfare. A positive experience in the crypto world can be achieved by helping them go through it gradually, helping them make decisions we consider right, and explaining to them how they can ensure the security of their assets without falling victim to a digital currency scam. Not only for them to receive the kind of money that they wanted to receive but also for them to make sure that they trust this company to undergo something new.
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As a family, this has also taken a important noticeable effort in demonstrating our care towards their welfare. A positive experience in the crypto world can be achieved by helping them go through it gradually, helping them make decisions we consider right, and explaining to them how they can ensure the security of their assets without falling victim to a digital currency scam. Not only for them to receive the kind of money that they wanted to receive but also for them to make sure that they trust this company to undergo something new.
As part of a family that understands crypto and already understands it, it will certainly direct those who are elderly to secure their retirement properly and can be invested in the right investment platform, whether it is in crypto or other platforms.
This is for the sake of long-term gains for their old age and for them to avoid investment scams and such.
Because hearing about many fraud incidents involving the elderly as victims makes me very sad because their old age is not as desired.
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As a family, this has also taken a important noticeable effort in demonstrating our care towards their welfare. A positive experience in the crypto world can be achieved by helping them go through it gradually, helping them make decisions we consider right, and explaining to them how they can ensure the security of their assets without falling victim to a digital currency scam. Not only for them to receive the kind of money that they wanted to receive but also for them to make sure that they trust this company to undergo something new.
As part of a family that understands crypto and already understands it, it will certainly direct those who are elderly to secure their retirement properly and can be invested in the right investment platform, whether it is in crypto or other platforms.
This is for the sake of long-term gains for their old age and for them to avoid investment scams and such.
Because hearing about many fraud incidents involving the elderly as victims makes me very sad because their old age is not as desired.
it is very difficult if we provide knowledge to the elderly because crypto is actually more suitable for the younger generation. but we try to tell them about our experience in investing in crypto so that they are not fooled.
honestly I have never told my parents about investing in crypto, because they find it difficult to believe in crypto and invest in it. Maybe because of lack of education and knowledge, that's why I prefer to remain silent.
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involving parents is not bad, it's just that there might be a delay in understanding and it takes a lot of time to convince parents to believe in bitcoin, because the risks are very heavy if it's in the circle of parents, unlike young people who are optimistic about a better future and having wealth at a young age is their thinking and btc supports their thinking that they can make them rich by buying and holding until the target is determined
When you have very old Parents it is difficult to get them involved and have them make those operations, that is why they have their children to explain it to them and to help them with that, however I have seen many older people who do not like btc , they see it as a deception, scam or something like that, sometimes it is not good to get into discussions with them out of respect, but one does have to let them know that it exists and that it is not how they think, or to tell them that btc represents money that they have access to btc.
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You can think of what could be the reason if you see people like Warren Buffett and Peter Sheriff talking about bitcoin and cryptocurrencies generally.
The answer is that old people prefer to be fixated to what they have learned before in their younger age. If they got to older age, they will think they need nothing to learn from again.
Your points is right, but the younger generation may think otherwise. Actually most older people wouldn't want to add extra knowledge to their existence experiences basically because they always think that there is time for everything while leaving on the this earth. A time to plant, and a time to reap, when a man realizes this natural gifts, many of the older generations thinks it is unnecessary to continuing learning new ideas when there is limited time to leave on the Earth.
In my opinion, i think learning has no limits whether on young or older ages, it all depends on individuals mindsets irrespective the ages.
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I heard that around 80% of the people who are into cryptocurrency ranges from 18 to 44 and only around 7% are actually those in the senior years...so we can then say that cryptocurrency belongs to the younger people.
Why this is so? Maybe senior people find cryptocurrency as something to be difficult to dealt with and they can be afraid of new technological innovations like Bitcoin which calls for someone to undergo some learning curve to avoid risks involved.
You have a point. However it's more like a matter of era. Long before now although there have been attempts in the past people really didn't have the opportunity to make use of crypto currencies. We are already in the digital era and obviously it's fast evolving and expanding. If you should date back a couple of decades you would be surprised at the level of improvement we have attained in just a short span.
You actually can't blame them because they were with the moving trend at their time and then, the digital era hadn't really dawned on them.
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You can think of what could be the reason if you see people like Warren Buffett and Peter Sheriff talking about bitcoin and cryptocurrencies generally.
The answer is that old people prefer to be fixated to what they have learned before in their younger age. If they got to older age, they will think they need nothing to learn from again.
Your points is right, but the younger generation may think otherwise. Actually most older people wouldn't want to add extra knowledge to their existence experiences basically because they always think that there is time for everything while leaving on the this earth. A time to plant, and a time to reap, when a man realizes this natural gifts, many of the older generations thinks it is unnecessary to continuing learning new ideas when there is limited time to leave on the Earth.
In my opinion, i think learning has no limits whether on young or older ages, it all depends on individuals mindsets irrespective the ages.
In my opinion, we should not force our parents to know about crypto because they are from a different generation than us, it will be difficult for us to give them input. Crypto is a technology for the younger generation and this is for the future. So it is better for us and our children to learn and know about crypto. Let our parents spend their old age resting and enjoying life. We as their children are the ones who are struggling.
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I am sure there are some senior people who are in this forum...I wanna know your experiences whether it is difficult or easy and how is it with your fellows?
Gavin Andersen is 58
Andreas A. (not going to get his name right anyhow) is 52
Hal Finney would have been 68
Nick Szabo is 60
Adam Back is 54
Still think age is a factor? ;D
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Those parents have different mindsets, including their perspectives on the financial world... we know that they prefer safer investments (for most parents) such as gold or bonds... yes, their mindset is a bit more traditional, and maybe only a few people have an open mind for new, riskier technologies... I think that's normal.
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You can think of what could be the reason if you see people like Warren Buffett and Peter Sheriff talking about bitcoin and cryptocurrencies generally.
The answer is that old people prefer to be fixated to what they have learned before in their younger age. If they got to older age, they will think they need nothing to learn from again.
Your points is right, but the younger generation may think otherwise. Actually most older people wouldn't want to add extra knowledge to their existence experiences basically because they always think that there is time for everything while leaving on the this earth. A time to plant, and a time to reap, when a man realizes this natural gifts, many of the older generations thinks it is unnecessary to continuing learning new ideas when there is limited time to leave on the Earth.
In my opinion, i think learning has no limits whether on young or older ages, it all depends on individuals mindsets irrespective the ages.
- I remembered that recently, I spoke to an old man and I told him to teach him how to use Facebook or messenger, the answer to me was that he was old and it was not appropriate for his age to learn about such things. He said it was better to leave it to the younger ones.
Here I saw that there are some old people who are no longer interested in the technology we have today, and there are also others who are at least somewhat aware of the benefits of social media, except for blockchain technology, bitcoin or crypto, which the majority of them are not really interested in anymore.
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Those parents have different mindsets, including their perspectives on the financial world... we know that they prefer safer investments (for most parents) such as gold or bonds... yes, their mindset is a bit more traditional, and maybe only a few people have an open mind for new, riskier technologies... I think that's normal.
It is natural if slit gives parents to invest in crypto, because parents prefer to invest traditionally such as gold bonds etc. they prefer to invest in something that is physically visible. They are not familiar with digital technology so the possibility of believing in bitcoin and altcoin will be difficult.
parents will choose, gold, property, bonds
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What's the number for people in the upper age bracket for stocks, forex, real estate? It's probably higher than crypto right now but that's probably because they were more exposed to the traditional investments than the newer assets. In the next ten years, the number would shift and we'll see surveys that says crypto isn't that complicated for the seniors.
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Crypto is very easy to understand when explained better. It doesn't matter whether you are old or young, so far you are being impacted with the right information and knowledge, everything will be all good. You will learn to hodl and trade your crypto without any issues. So therefore, everything on earth whether old or new requires a learning process, you will master it in soon time irrespective of age or gender
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It is natural if slit gives parents to invest in crypto, because parents prefer to invest traditionally such as gold bonds etc. they prefer to invest in something that is physically visible. They are not familiar with digital technology so the possibility of believing in bitcoin and altcoin will be difficult.
parents will choose, gold, property, bonds
Every generation has the investment that it deems the correct and safe bet according to the different peers. In this case, they are at ease with the more familiar conventional assets which have been in the market for quite some time now. However, it does not exempt the opportunity to introduce such innovations as digital assets – for example, in the form of crypto. In this way, they can learn what is actually going on in crypto world and get some benefits from this if they invest their money in crypto world , they can see that this is not a bubble and it can give them some benefits in the future. The idea here is to let them learn that at the same time they must also honour their investment decision they have made.
Crypto is very easy to understand when explained better. It doesn't matter whether you are old or young, so far you are being impacted with the right information and knowledge, everything will be all good. You will learn to hodl and trade your crypto without any issues. So therefore, everything on earth whether old or new requires a learning process, you will master it in soon time irrespective of age or gender
Yes, I agree with the you that anyone willing to try to learn something new like crypto does require a lots of patient and perseverance but the results are very much rewarding. So, if you have some doubts and you have good instructions and proper information then we can come out from that doubt stage and gain standard knowledge which sometimes seems foreign to us. It is still open for anybody with no age or background limit remember this is a world of pretend and learning. To learn something we strive not necessarily to gain some degree, but to make a progress, and every single step in this progress is important.
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I heard that around 80% of the people who are into cryptocurrency ranges from 18 to 44 and only around 7% are actually those in the senior years...so we can then say that cryptocurrency belongs to the younger people.
I haven't gotten the official data from where, but, is it true that the range is only up to the age of 44 years old who are mostly related to crypto, while the age above that is only a few? hmm, if so, maybe it's because of their habits, beliefs, and also their ability to still operate devices related to the internet and other online worlds. Because in some countries, it is still very far from the old generation, where, their technological capabilities are limited to using cellphones for communication or seeking entertainment on social media. but have not been able to optimize how to make money from these devices. And not only that, there are still many parents who are skeptical of crypto, because they will believe more in real things that they can see and hold, while crypto is different, it is digital. that's why most of them think that this will not work.
it's just that, I think it will be over the age of 50, while below that, there are still many people who are related to cryptocurrency. I'm curious about the research, has anyone taken samples?
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What's the number for people in the upper age bracket for stocks, forex, real estate? It's probably higher than crypto right now but that's probably because they were more exposed to the traditional investments than the newer assets. In the next ten years, the number would shift and we'll see surveys that says crypto isn't that complicated for the seniors.
Crypto will never be able to compete with stocks or real estate! Forex trading maybe, because that is their real competitor a currency-based market, but stocks, neah! Stocks are a different thing, more predictable, more based on results, you can safely say that a company is trending down correctly based on their losses, you know when one is oversold when they post profits after profits and kept going down, with crypto, common, there is nothing actually that you can take seriously as an analysis for like 99% of tokens.
Not even going into real state, people can get a cozy life without crypto and without ever being interested in crypto, good luck with real estate not affecting your life!
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What's the number for people in the upper age bracket for stocks, forex, real estate? It's probably higher than crypto right now but that's probably because they were more exposed to the traditional investments than the newer assets. In the next ten years, the number would shift and we'll see surveys that says crypto isn't that complicated for the seniors.
Yes, in stocks, forex, and especially in real estate, the number of people who are at senior age is much higher than that of crypto world. I personally know only few people on the forums whom I can call seniors, and one of such member is also present of this forum who's Phillipma1957. There's of course going to be so many such people in future when Bitcoin becomes more popular but right now we don't have so many senior ones especially on forums.
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I heard that around 80% of the people who are into cryptocurrency ranges from 18 to 44 and only around 7% are actually those in the senior years...so we can then say that cryptocurrency belongs to the younger people.
Why this is so? Maybe senior people find cryptocurrency as something to be difficult to dealt with and they can be afraid of new technological innovations like Bitcoin which calls for someone to undergo some learning curve to avoid risks involved.
This is the main reason and even those that fall below that range of age also finds it difficult to some extent especially those that are not exposed to the technological advance world in the first place. They may see it as waste of time or risky way to own money that are digitally saved in a wallet unlike banks that they’re use to and can walk in at anytime to get their money in cash.
And to the younger generation...do you think it would be good or bad to involved the older people, in the first place?
It’s just a matter of telling them the benefits involved in owning bitcoin, if they’re okay with it, you should guide them through becoming one and if they’re not okay with it and being sceptical about the whole technology, it is better not to even try to persuade them to join because they’ll use the other side of it to judge and regret consenting in you joining the technology the first time you convinced them to. If it’s too complex for them to understand, just let them be and not try to prove a point as an enthusiast.
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What's the number for people in the upper age bracket for stocks, forex, real estate? It's probably higher than crypto right now but that's probably because they were more exposed to the traditional investments than the newer assets. In the next ten years, the number would shift and we'll see surveys that says crypto isn't that complicated for the seniors.
Yes, in stocks, forex, and especially in real estate, the number of people who are at senior age is much higher than that of crypto world. I personally know only few people on the forums whom I can call seniors, and one of such member is also present of this forum who's Phillipma1957. There's of course going to be so many such people in future when Bitcoin becomes more popular but right now we don't have so many senior ones especially on forums.
It is very peculiar to see such diversification in the investment formers at the young age especially the crypto trader group. Though, over some period of time and as the value of bitcoin expands the previous generation will also start perceiving the potential of this innovation. This opens up the floodgates for more people of different walk of life to come in and come forward to share their cases. With a broader involvement, we can create a stream of support where all generations can give each other value, all the input and everything that one can give and take is great value especially for the older users who know nothing about crypto.
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Crypto is very easy to understand when explained better. It doesn't matter whether you are old or young, so far you are being impacted with the right information and knowledge, everything will be all good. You will learn to hodl and trade your crypto without any issues. So therefore, everything on earth whether old or new requires a learning process, you will master it in soon time irrespective of age or gender
I think the same, it also has a lot to do with the interest that is given to learning, if it is something that is wanted to be learned, it is learned and even goes into much more depth and that has to do with the person, if the person is very interested then things will flow to them and they will learn quickly, age does not matter, I believe that a young person, old, or whatever the age, will learn things according to their new interest, for me there is no other way, of course it is my personal opinion , but I consider that when a person is taught something that is related to money then they will learn faster.
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What's the number for people in the upper age bracket for stocks, forex, real estate? It's probably higher than crypto right now but that's probably because they were more exposed to the traditional investments than the newer assets. In the next ten years, the number would shift and we'll see surveys that says crypto isn't that complicated for the seniors.
Yes, in stocks, forex, and especially in real estate, the number of people who are at senior age is much higher than that of crypto world. I personally know only few people on the forums whom I can call seniors, and one of such member is also present of this forum who's Phillipma1957. There's of course going to be so many such people in future when Bitcoin becomes more popular but right now we don't have so many senior ones especially on forums.
- It is true that there are only a few seniors in this forum as well as in the other forum. The majority of them have no eagerness to spend time here. Of course, most of the time their reason is that they are old; they need to enjoy their lives while they still have time in this world.
Especially if they are still pensioners or seniors in their country of origin. And if others enter the crypto business field, it will be difficult for other seniors as well, and only a few can understand this in my observation.