I think over 40 is a bit low, they would have been in their late 20s when this started and probably would have exposed to it then.
I am 45 and joined here in 2013 and still follow Crypto even though I am old!
I think it depends on the person, I know people in their 20s now that still think the whole thing is a scam and also people in their 50s who are eager to learn about it. It takes a certain sort of openminded person to embrace Crypto who is able to see through all the noise.
Topic: Crypto & Older Generation - page 3. (Read 457 times)
I agree with the op cause I have never seen an old man/woman owning bitcoin, although even if I will not know but there's no interest and in my locality anything associated with the internet older people will tag it as scam, I don't blame people with this mindset cause they never had the opportunity to explore new technology and they can never adapt to the modern system, I don't really see any point why older people will become part of this technology or any need of convincing such people to change their mindset
I do think that the older generation just do not trust the internet or anything that has to do with it in general hence the reluctance to accept any kind of development that occurs on the internet I think the age group needs to be a little higher because people that are 40 to 45 at most still are very open to some new developments but any age higher than that seems to have a hard time accepting crypto
We have to understand that crypto is an innovation in the new age and those at the new age are the young and youth. They find it easy to understand what happens in the internet and digital world, accessing different applications and apps is not a problem but the old especially those at 55 above don't understand much of internet workings and so it looks like a burden to them to begin certain registrations, KYC etc. Those old that eventually build interest go through the young like their children to facilitate investment under their children. So it is not really surprising that the old don't have interest in it because they already have a source of income that they look up to and trying to learn new things becomes a big task for them despite others believe they don't want to invest foolishly and losing there money.
Younger generations have grown up in the digital age, where technology and innovation are a central part of their lives. They are more likely to be familiar with the concept of digital currency and the underlying blockchain technology, making it easier for them to understand and adopt cryptocurrency. I think the younger generation is generally more open to new technology and more comfortable with mobile and online platforms. On the other hand, older generations may be more cautious when it comes to investing and may prefer more traditional forms of investing. Such disparities may not exist in the future as cryptocurrencies continue to gain mainstream acceptance, it is likely that older generations will become more open to the idea in their investment portfolios.
I understand that some issues in the cryptocurrency field have a lot to do with information technology, so it is also a barrier for previous generations when they are familiar with traditional field investments. Some of the cases that I come into contact with they have always maintained a stance of not using the internet and what seems to limit them to the things that are changing in life. Other than that it seems that the younger generation is living in the right atmosphere. In the context of social change with the technology sector, most young people easily learn quickly how to use and receive new knowledge, and it is easier to understand that when a field offers opportunities, it attracts them.
Although it cannot be said that all are the same, it is clear that the majority in each part is showing the right change and adaptation to the times. I can also sense how the older generations have a negative view of machinery, as it replaces their animals in the agricultural sector.
Although it cannot be said that all are the same, it is clear that the majority in each part is showing the right change and adaptation to the times. I can also sense how the older generations have a negative view of machinery, as it replaces their animals in the agricultural sector.
I think the reason why the older people don't pick interest in new innovation like crypto is because they are not use to this trending things, new innovation and most of them have already gotten what they want in life like building houses , training their children, money is not what they are after like the young people. Like every young person is thinking of what can have add value to their life, what they will do that will bring money too them, this is the mindset of every young person. It is only few older people who understand where the world is heading to that picks interest fir things like cryptocurrency.
Crypto is new to them and obviously, we won't be shifting to a new money system over that we have been using it for centuries. It will take time for the adoption to happen and we are still in the process.
Another reason for not investing in crypto is the volatility that is very huge for an asset compared to traditional investments and investors who are successful stick to their ideas no matter what it is, that is why we see Warren Buffet is not into bitcoin even though all these hears proved he was wrong about bitcoin all the time.
Another reason for not investing in crypto is the volatility that is very huge for an asset compared to traditional investments and investors who are successful stick to their ideas no matter what it is, that is why we see Warren Buffet is not into bitcoin even though all these hears proved he was wrong about bitcoin all the time.
I think maybe older people already have significant savings & pension funds etc. they use traditional brokerage firms with boring stocks and 401k packages. They don’t look for alternative investments because they maybe don’t need to, they are already financially sound. I wouldn’t say 40 is the cut off though, there are loads of people over 40 deep in bitcoin. It’s probably the over 60’s who are hesitant to get into crypto.
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.
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