Bitcoin and the Seniors: Difficult or Easy?

[SamReomo]

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.

[Asiska02]

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.

[pieppiep]

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.

[LUCKMCFLY]

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.

[Mr. Magkaisa]

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.