Topic: Crypto & Older Generation - page 2. (Read 457 times)
Soon they will be replaced by even younger than us and the younger generations will adopt crypto as their preferred currency all over the world since the advantage and the way that it can be preserved is easier than the fiat that the old generations have gotten used to. If only, we didn't have these critics who were making noise and causing confusion to the people with their hoaxes and lies against bitcoins, we would have already been using bitcoins in our local market and other local stores in most countries in the world because of its popularity but right now, we need to handle them as well and shut them down every time they cause tribulations with their FUDS whenever they found some unapproved theories and link it to degrade bitcoins and crypto miners.
Our older generation was not as educated and smart as our new generation is educated and smart because of which they consider crypto as a scam. Cryptocurrency is not legal in our country yet we use it secretly and when our older generation hear about this cryptocurrency they tell us that it is completely illegal and Scam. They ask us to refrain from using them. If they were educated and smart like us, I think they would have used crypto currency with us.
I must say that the older generation don't have interest in cyptro because it looks scammy to them.They are exposed to fiat currency means of exchange,so cyptro look strange to them as it is stored in a digital wallet.Those older generation that knows the value of cyptro are investing and making huge gain.Older generation that feel reluctant about cyptro in my country are in their 60s to 70s.
The older people simply don't know how to go about cryptocurrency and also the internet looks like a challenge to them but they may not tell you this opening because they don't want to be seen as someone not informed about the use of the internet. The internet to me is the challenge here and I believe if everything about cryptocurrency were to be offline then you will see the kind of interest from the older generation. The old that is investing in crypto are those already visiting the internet and having businesses online requiring email address or social media marketing handle to marketing and transactions.
I must say that the older generation don't have interest in cyptro because it looks scammy to them.They are exposed to fiat currency means of exchange,so cyptro look strange to them as it is stored in a digital wallet.Those older generation that knows the value of cyptro are investing and making huge gain.Older generation that feel reluctant about cyptro in my country are in their 60s to 70s.
We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.
Any adult that feel jealousy for the younger generations because they’re making millions through crypto must be inhumane and can be very dangerous to hang around with. This technology has equipped the young ones to find a means of fending for themselves in a world that is evolving to be digitalised. If the youngsters don’t take advantage of it, what will be their gain to be in that time of evolving technology?
This is the time for the youngsters as their own time has passed and if they can’t suit in here, they shouldn’t bad mouth it. After all, crypto is designed for all to embrace and not just for one class or set of people, so I see nothing wrong in them seeing it from another perspective that will bring hatred to the young ones that are already into it.
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Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
It is like that in most regions. I feel most of them don’t want to get into bitcoin because they feel it is for the younger generations and their brains cannot withstand the consensus on which it was designed on. They just assume they’re not literate enough to use the currency.
I mean. It is not a secret that Bitcoin and alternative currencies are about technological innovation and decentralized networks. The older the person is, the less tech savvy that person is. It is obvious the youngest generations are more prone to adapt to technology and internet in general, since the have grown up with it.
It is not exclusively about age, anyone, regardless of their age is supposed to be able to conduct their own research and and realize what projects/coins are scams and what ones are legitimate.
Eventually, as Bitcoin becomes more widespread, more people will think positively of it. Some will believe it is a currency, others in the other hand will see Bitcoin as an speculative vehicle.
It is not exclusively about age, anyone, regardless of their age is supposed to be able to conduct their own research and and realize what projects/coins are scams and what ones are legitimate.
Eventually, as Bitcoin becomes more widespread, more people will think positively of it. Some will believe it is a currency, others in the other hand will see Bitcoin as an speculative vehicle.
We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.
Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
We humans are all the same. Because our values are based on nostalgia. I am not saying that all old people act like that. But many do. Fear the new and love the known. And maybe one day, something greater than crypto will be developed. Our generation is not going to want to leave crypto behind and adopt it instead, no matter how good the arguments are for the switch.
I can only hope to always try and learn new things when I get older, because living in the past is not a good way to live. Older people could be much happier living in modern times than in nostalgia but that depends on their character.
We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.
I don't see why an older person should feel bad about the young people who are succeeding in cryptocurrency. If they missed out on it in its early stages, they can still participate now because cryptocurrency has no age limit on who can benefit from it. If they believe the technology is too advanced for them to use, they can encourage their children to learn about it because their brains can handle it. Crypto is not a scam, and many older generations are already aware of it; anyone who claims it is a scam is simply jealous and does not want others to benefit from it because they missed out on it in the early stages of adoption.
We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.
Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
I don't think it's jealousy, I think when you reach a certain point in life you value comfort and you'd rather things don't change too much. Plus, they probably don't understand the technology, they barely know how to use the internet how can you expect them to comprehend digital money?
We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.
Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
We humans are all the same. Because our values are based on nostalgia. I am not saying that all old people act like that. But many do. Fear the new and love the known. And maybe one day, something greater than crypto will be developed. Our generation is not going to want to leave crypto behind and adopt it instead, no matter how good the arguments are for the switch.
I can only hope to always try and learn new things when I get older, because living in the past is not a good way to live. Older people could be much happier living in modern times than in nostalgia but that depends on their character.
We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.
Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
The younger generation embraces cryptocurrencies because they are more technologically inclined. They are more exposed to innovation in the financial ecosystem. Many of the older generation are not even computer literate so they don't have basic knowledge about cyberspace this might be the reason why many of them don't pay attention to cryptocurrencies. Due to their ignorance about the crypto space many of them have also been victims of scams that will scare them from dealing in cryptocurrencies. Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
Therefore I don't think it is because of jealousy that many of them are not joining the sector, it is more because of ignorance. If they have better knowledge about Bitcoin they would invest in the sector, after all, everybody wants to make money.
Now that the SEC finally approved Spot Bitcoin ETFs, the narrative will change. Older people on average have a lot more money than younger people. Blackrock, Fidelity & others will be shilling Bitcoin hard to these investors, we will probably find that over the coming years, older people have exposure to Bitcoin in their investment portfolios due to Spot ETF products.
The approval of Spot ETF is a big boost to Bitcoin awareness and adoption. Many of these elderly people who are scared of keeping their keys and passwords will be comfortable investing in centralized platforms. Others who see self-custody as a complicated process will also find the ETF approval helpful. 
Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
Have you ever thought that people who are now in their 40s, could be young guys who got interested in bitcoin in it's early days (2010-2015)? If you got your first bitcoin as a 28 year old, you could be now over 40 and treated like an old fart who doesn't know his way around new technologies. I'm not that old, but my first computer operated DOS and Norton Commander and was buying bitcoin sub $1k
I think that you mean people over 60 are reluctant. I know a lot of people age 30-40 and age has nothing to do with it. It depends mainly on your character, hobbies, line of work. Someone who works in a server room will be interested regardless of age, but you'll have a difficult task getting through to a bank manager, or someone with a government position, especially in finances.
Now that the SEC finally approved Spot Bitcoin ETFs, the narrative will change. Older people on average have a lot more money than younger people. Blackrock, Fidelity & others will be shilling Bitcoin hard to these investors, we will probably find that over the coming years, older people have exposure to Bitcoin in their investment portfolios due to Spot ETF products.
Crypto is a new innovation that came into existence in this new generation and that is why you see that it is a youth thing because the youths are the future of tomorrow, and they are open to new technology because they want to exploit from it. The youths are open minded to learn something new, since they are in their learning age.
The old people are already used to their old pattern of lifestyle, saving money in the bank and also going to physical places to work since this was what they learnt from their youthful age. They are always law abiding and don't need anything that is not from the government. Since cryptocurrency is not from the government unlike fiat that is their country's currency, they will believe that it will not last and this is why they think that it is scam. The old ones are cool with the bank taking control of their money.
OP, 40yrs should still be considered to be a youth and this age people are into cryptocurrency. It should be from 55yrs and above.
The old people are already used to their old pattern of lifestyle, saving money in the bank and also going to physical places to work since this was what they learnt from their youthful age. They are always law abiding and don't need anything that is not from the government. Since cryptocurrency is not from the government unlike fiat that is their country's currency, they will believe that it will not last and this is why they think that it is scam. The old ones are cool with the bank taking control of their money.
OP, 40yrs should still be considered to be a youth and this age people are into cryptocurrency. It should be from 55yrs and above.
Well!
As cryptocurrencies continue to reshape the financial landscape, the older generation finds itself at the crossroads of curiosity and caution. Many seniors, traditionally accustomed to conventional banking, grapple with the complexities of decentralized digital currencies. The allure of potential financial gains clashes with apprehensions rooted in a lack of familiarity.
For some, embracing crypto represents a leap into the unknown, navigating through the intricacies of wallets, exchanges, and private keys. Concerns about security and market volatility echo loudly, acting as deterrents. Yet, an increasing number of seniors are recognizing the importance of adapting to the evolving financial ecosystem
As cryptocurrencies continue to reshape the financial landscape, the older generation finds itself at the crossroads of curiosity and caution. Many seniors, traditionally accustomed to conventional banking, grapple with the complexities of decentralized digital currencies. The allure of potential financial gains clashes with apprehensions rooted in a lack of familiarity.
For some, embracing crypto represents a leap into the unknown, navigating through the intricacies of wallets, exchanges, and private keys. Concerns about security and market volatility echo loudly, acting as deterrents. Yet, an increasing number of seniors are recognizing the importance of adapting to the evolving financial ecosystem
We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.
Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
When the old people say that crypto is a scam or about to burst bubbles, they are not outrightly wrong. Some of the old people do not joke around with their hard earned money, so they are very skeptical of the investment they venture into. In the actual sense, most of the coins we see in the cryptocurrency industry are scam coins. Yes, they are. It is only Bitcoin and a few other coins that are real. So, when making your analysis, ensure you are coin specific.Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
Talking about the age factor you noted in OP. The younger generation are so much in a haste to become millionaires while the old ones are not much moved because they have tasted money in one way or the other.
Exactly the answer I was looking for and now even I feel the same as they are not completely wrong but to an extend as we have seen the kind of scams which happens in Crypto, younger generation indeed wants quick gain and wants to become millionaires overnight as we hdon't have the kind of patience and efforts which the older generations had and moreover how future trading both longs and shorts have been liquidated they would far distance themselves from crypto and trading.
We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.
Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
When the old people say that crypto is a scam or about to burst bubbles, they are not outrightly wrong. Some of the old people do not joke around with their hard earned money, so they are very skeptical of the investment they venture into. In the actual sense, most of the coins we see in the cryptocurrency industry are scam coins. Yes, they are. It is only Bitcoin and a few other coins that are real. So, when making your analysis, ensure you are coin specific.Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
Talking about the age factor you noted in OP. The younger generation are so much in a haste to become millionaires while the old ones are not much moved because they have tasted money in one way or the other.
It's because they're close to the older age for which they need and want some stable things in their lives. If they don't have much money, it is understandable if they're choosing other investments and assets that they can take the risk of. Whilst for crypto, it's very highly volatile and they can't settle with that risk especially if they don't have any much dependence on their children or any other people.
Even I, I'll choose stability than taking a gamble and risk with assets that I have no idea. But I think what they just need to know is to understand and get educated of what actually Bitcoin is for them to lose that fear that they're having. Everything can be learned even if you're not the most educated person on this technology and investment, you'll eventually learn it along your way when you persevere.
Even I, I'll choose stability than taking a gamble and risk with assets that I have no idea. But I think what they just need to know is to understand and get educated of what actually Bitcoin is for them to lose that fear that they're having. Everything can be learned even if you're not the most educated person on this technology and investment, you'll eventually learn it along your way when you persevere.
It may not be that they are jealous. It could also be that they have little understanding of crypto. They may consider crypto as gambling. There are many people who face losses by trading and spread wrong information without understanding about crypto. Hearing this, older people may not think crypto is good. Many people cannot trust it when they see sudden growth. They think this money has no stability. So they may have a wrong idea about it.
Maybe some older folks feel left out of the crypto boom and express skepticism because it's something new and different from what they're used to. It's not jealousy for everyone, but rather a mix of unfamiliarity and a different financial landscape.
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