Bitcoin and the Seniors: Difficult or Easy?

[taufik123]

-snip-
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.

[densus88]

-snip-
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.

[LUCKMCFLY]

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.

[Bobcrypto]

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.

[Mia Chloe]

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.

[satpol_PP]

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.

[Stompix]

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? 

[bayu7adi]

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.

[Mr. Magkaisa]

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.

[legend45]

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

[Zed0X]

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.

[JoyMarsha]

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

[lombok]

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.

[vegasus]

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?

[Stompix]

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!