Topic: How to make old people understand Bitcoin? - page 18. (Read 4944 times)

It will be hard for us to introduce bitcoin with elderly people especially if they aren't inclined with the latest technology. We can discuss it and let them believe about its advantages yet it will still be hard for them to understand its features. I've tried discussing it with my father and he believed it because I have shown him proofs but he still can't understand its features since he's old enough to adapt the latest technology which is needed to access cryptocurrency. I think if they're willing to invest with it, we still need to guide them.

Even though my mother is previously an accountant, she have a hard time to understand the concept of the bitcoin and how the bitcoin works. I explained to her how the bitcoin formed, how it can be used and how to get it in detail way. At first she didn't understand what am I saying but over time she managed to understand it a little bit. Right now she is now a fan of it and have also a high hope that it can be use in order to develop the current payment system that we have.

I also said to my mother that bitcoin is not just a currency and a form of payment system. It can also a good investment vehicle in order to gain profit. But when I explained to her how trading works, it seems that she cannot understand it anymore because it is complicated. I just taught her the basics and not the complicated part.

I've been through an attempt of explaining Bitcoin to my grandfather. It should be noted that old people can be different, and my grandfather is one of those who can use the Internet both of a computer and a smartphone. He's a scientist, and he's been using computers and the Internet since the early-early days. So the problem wasn't so much about what Bitcoin is (he could understand it fine), but that he was already prejudiced against Bitcoin (and still is, unfortunately), believing that the monetary system should be backed by the government or otherwise there's too much risk involved.
I've also tried to tell my spouse's grandmother about Bitcoin. It was a completely different experience because she only uses an old mobile phone and is very cautious even with it. She doesn't use the Internet and has no idea what's out there. She's afraid of it and doesn't want it in her life. So she did not want to know more about Bitcoin than 'the money on the Internet which is not controlled by any government'. She's neutral to it, but would never use something she cannot touch (she's slowly getting used to a debit card, but that's because it's been around her for a while). My point is, there's probably no universal approach to explaining Bitcoin to the elderly, because there are very different people among them and individual approaches should be found. And a big obstacle is that people who don't use technologies in general are not going to use Bitcoin unless they absolutely have to.

In my opinion, getting parents to understand Bitcoin is a bit difficult. Because my own parents did not really know and understand the world of technology, especially if it was presented with a discussion and understanding of bitcoin.
Everyone on this forum has their own way of introducing Bitcoin to their parents or loved ones.
I myself introduced bitcoin to my parents as a Digital Currency that can be exchanged for cash or real money. By trading it on an exchange. I also said that bitcoin can be used for any payment but not for my country. Bitcoin is a technology of the future that will change the way of payment today.

And I also say the last time, that Bitcoin is a good investment tool but with high voterity.

Most of the old people are having a problem in following the latest technology that we have right now so I can see that this is a big hurdle that we need to face if in case we
would like to introduce bitcoin or crypto to them.

I didn't see any good way to do it quickly, what I can see to make them understand what is crypto and how to use them is to teach them first on how to use a simple wallet first and do it slowly.
Then we can just explain to them the usage of bitcoin or crypto currencies, in a way that they can understand easily like giving a simple example that they can easily get.

I told my parents about bitcoin through the price and profit I got from bitcoin, and my parents understood what bitcoi was, what bitcoin worked and what bitcoi did. so my advice, you should introduce the value of bitcoin to your parents first

It all depends on how much these old people hae to do with technology. You can have a 70 year old who doesn't know how to use a mobile phone or a 70 year old who uses a computer every day and calls grandchildren using skype. People who don't use any electronic devices are a lost cause, just like people who never had a computer in their lives.

Only smart people can understand bitcoin easily. Age doesn't matter to learn and understand bitcoin. There are young people that is difficult to understand even you explained it very well ,step by step. I believe if someone is willing to learn,then it will be easy for them to understand it.

The perfect recipe for disaster. First of all, why make it sound like Bitcoin is perfect and hide its disadvantages? It's not like you're trying to advertise some product. Then.. those other two points I've quoted do nothing besides making the other person imagine Bitcoin is the place you go to when you want to get rich.

False ideas such as "Bitcoin makes you rich" is literally the perfect recipe for disaster - especially if you're new in the space. Better be honest instead and tell them the truth. Bitcoin is probably one of the most volatile assets, which means you can double your amount as fast and easy as getting it halvened.

I honestly want to do that here too, to make parents who are too monotonous and who only believe in gold and traditional banking also believe about the future of bitcoin. actually they like the technology that is owned by bitcoin, but there is one problem they are afraid of, that is about the volatility of bitcoin prices which changes rapidly, this is what makes parents here afraid of losing their assets if they enter the bitcoin circle.

+1 let me tell you something dude your thread always give me a good vibes 

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Also a good answer

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like i was say on your previous thread, its kind of challenging to make old people know about bitcoin and other crpyto asset.
the e-wallet with fiat itself not all the people know how to use it, how about the bitcoin?

1. first thing first tell them about bitcoin and their value of it
2. tell about bitcoin doesn't have central and not controlled by any government so they no need to worry if anything goes wrong
3. last but not least tell them if u can make real money with it and buy some stuff of it
4. and the last i think is very needed to create some tool to make easy like card with 1 tap to pay or something like that


and what next topic will you created dude 

To make old people to understand what is bitcoin never be a challenge, first you will ensure they paid attention to your information.
*. First, let them know the advantages of bitcoin.
*. Let your advantages be greater than disadvantages.
*.make a list of expensive properties you have acquired through bitcoin.
*. Let them know that bitcoin is decentralized, and government or anybody has no right to control it.
* make them to understand the concept that many people who are rich is into it and it's the best place to invest or save money so that your money will not lost values.

You need to know first if they are interested in bitcoin or not. Because it can be tough knowing that not all older people can cope up with gadgets. It might just waste your time trying to teach them when they are not even interested, same with younger people. But if they are really interested, that makes it easier to teach them since they are willing to learn. Then you can probably start with the basic explanation and try to avoid using a lot of technical terms, I guess? When you tell them some technical terms, explain it to them in a way that they can understand. For me, teaching older people is not impossible, it's just a matter of interest and approach.

It's more of interest and adoption of technology than the age or knowledge. I call myself a crypto literate and I want every of my colleges and family know about it. There are several of my same age colleges that are to some extent into crypto and bitcoin. As of my family, my mother in her 50 is the most curious one and who knows much about crypto than my brother. My brother is a electric engineer but is so reluctant to know about new things and is so inattentive to anything that he doesn't listen to me a bit. I have several times tried to convince him to invest in crypto and in front of him have shown my periodic portfolios but he is too dumb to change. My mom on the other hand listens me attentively and tries to give me advice.

I think most people over complicate the issue of having to explain Bitcoin to people. (Young and old)  ...Let's be honest, how many people still think Fiat currencies are backed by Gold and how many of them know what SWIFT in the Banking sector does for money transfers?

The same is applicable to Bitcoin... they should not have to know how mining is done or what the Byzantine Generals Problem is.    What they need to know is that bitcoin is a electronic payment option, just like any other payment option, for example PayPal /Credit card etc.. (main difference is that it is not controlled by a central entity)

They should know what a wallet is and how to copy and paste Bitcoin addresses. (Do not even explain Private keys to them, because they might give out the wrong information)

Viola! Done... Now they can login to a wallet (one that you helped to create) and then pay someone in Bitcoin. (Obviously explain Preev.com to help with the Crypto conversion from Fiat to Crypto value)  

The idea of bitcoin has evolved into something different than what satoshi has envisioned. Considering the whitepaper, it was meant to be used as a mode of payment for the internet users. But with the current scenario, people with far less common sense are jumping into investing/trading bitcoin and other cryptocurrencies with the sole purpose of being rich as soon as possible and selling when they are having profits. I would never say everyone trading bitcoin do really know the purpose or technology behind the currency but rather think as a high yield scheme which will make them rich at some point of time in their life. Hence, for the older generations it won't be really difficult if we introduce bitcoin as a trading scheme but rather it might pose a difficulty if they are eager to learn the technology behind bitcoin.

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Read all three volumes of "Internet of Money" and a not really fast paced "Digital Gold" book. You would be having an excellent way of approach to make the old people understand about bitcoin (neglecting the technology behind bitcoin). Bitcoin works just similar to coins and bank notes since we always get a change when we do the transaction which is lesser than what we initially have in our wallet. While you are educating the old people about bitcoin, completely neglect the trading strategy which is quite popular in crypto space but rather introduce bitcoin as a digital currency invented to prevent the centralization of banks.

I think I am eligible to post this since I have successfully managed to educate a 70-year old person about bitcoin last year. The person was able to understand bitcoin quite a bit and was able to do some simple transactions through mycelium once last year between me and them. I have lost contact with the person and not really sure if they are using bitcoin still, but they were able to grasp the basics of a digital currency in layman terms.

I give up to teach older people who have more than 50-60 years old because they don't want to learn something, especially if that is about technology. They said that they are getting old, and they cannot understand how it works. Once I tried to teach my daddy, even I tried to tell about how to use the bitcoin wallet over and over, he cannot remember it, and he gives up to use that wallet. I tried to other people, but they say that I am difficult to understand how that wallet works, and I think I will let you use it because you are younger than me.

It is easy for old people that are educated and show interest in learning. These are very rear but they exist. For some of them that already know how to make bank transaction (i.e sending money though mobile app and USSD code) you can easily teach them to send and receive bitcoins using wallet such as the bitpay. I may not suggest DEX  wallet totally for them because if they lost their seed phrase, it may be difficult

This is not an easy task. Older people are usually not interested in new technologies, they think they don't need them and that are too complicated for them. I've tried with my parents but without success, they still have negative opinion about it and they don't think Bitcoin is something that is necessary for their lives so they are not interested to learn more.

Firt of all what age are we considering for an old person? If this above 60 then this will be a tough task for them. We all knew that some old people are not much aware of the recent innovations cause their time they dont encounter these things but they are adjusting from internet, to mobile phone and much advance than that.

Teaching them bitcoin can be done on a manner of their perception. Only you can balance it, if they can still do some of the heavy analyzing or not. But to be honest, dont really have an idea how.