Bitcoin and the Seniors: Difficult or Easy?

[TomPluz]

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?

 

[Bobcrypto]

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.

[bitterguy28]

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

[_act_]

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.

[libert19]

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.

[ABCbits]

About title of this thread, we could just borrow answer of question "Technology and the Seniors: Difficult or Easy?" . 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.

[enoch_from_off]

About title of this thread, we could just borrow answer of question "Technology and the Seniors: Difficult or Easy?" . 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 

[Findingnemo]

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.

[0t3p0t]

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.

[Azharul]

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.

[yhiaali3]

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.

[TomPluz]

They may see the BTC as a Ponzi scheme, just like we sometimes view shitcoins 

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.

[Lucius]

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

[Faisal2202]

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.

[Zed0X]

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.