Is age a limitation in Bitcoin | Bitcointalksearch.org

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Quote from: tabas on June 22, 2024, 05:09:27 PM

Quote from: Kavelj22 on June 22, 2024, 12:39:17 PM

I do not think it is useful to set limits based on age or physical condition in everything related to knowledge because it does not require more than good cognitive ability to learn. Perhaps in previous times this was not possible for everyone due to limited sources of knowledge, but in our current era there are multiple methods available for all cases of people, such as the blind or the physically disabled. We all remember Hawkins, who excelled in theoretical physics, even though his body was almost completely paralyzed and he was unable to even speak.

Also, I do not think that anyone sets limits for others on this basis, but rather the whole matter is psychological barriers that a person creates for himself in order to find justifications for his inability. It takes a lot of determination and a little patience to make it work.

You're right that in the past, there were not that many resources, and people weren't that adept yet with technology. But as time goes by, everyone starts to use resources that they can pick up through the internet for free and that's how many are starting to learn nowadays. While I think that there's a connection between age and learning on how quick we are to pick up lessons and understand them asap, it sets no boundaries on who are the people that can learn and invest in Bitcoin. There's no set of limitation in here but it is ourselves that sets that limit because we think that we're not capable of or I mean those that think they're not eligible to invest in Bitcoin because of their age.

Some people still use the age factor as an excuse to justify their inability and laziness in learning about modern technologies, even after they are convinced that it can make their work and life in general easier. I don't know if these people had previously looked for alternatives when they were young, but I doubt it.

Also, there is no specification of when the age factor becomes a barrier to learning, since we may find people of a relatively advanced age who do not recognize the time barrier and seek to constantly develop their knowledge and abilities, while others who are younger than them use the age factor as an excuse to justify their inability.

The good thing about Bitcoin is that you can learn its basics and get used to using it without having to take in-depth courses or do any exercises. In contrast, many fields that require technical knowledge may not be within the capabilities of everyone, especially those with low academic career.

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It is very true that there's no age limit when it comes to Bitcoin investment that is cryptocurrency per say but it is very necessary to be mature before going into Bitcoin investment because the disadvantage of not being mature before venturing into this investment is that, under age person can easily get scammed because they can be easily convince compared to an adult though adult use to get scammed too but the rate differs.

Before they set an age limit in traditional banking there's a reason and whatsoever maybe the reason I know it's very good and okay because under age person and an adult sense can never be the same. Giving a specific age to be investing in Bitcoin would've been a waste of time and energy cause no one will monitor you, cause you are doing everything at the comfort of your zone. Finally, whether under age or an adult the most important thing is to have a good knowledge and understanding of Bitcoin.

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I don't understand why you guys think that age could be a limit to using Bitcoin. I have been mentioned in this thread a couple of times Because you buy it's mentioned the word Learn Bitcoin. It was too hard to use Bitcoin in the early days but not now. You can easily download and install a Bitcoin wallet and start using Bitcoin. But in the early days, people had to download the full Bitcoin node and write it on their computer. Still, Bitcoin never requires one to create a profile, so you don't have to put your personal information.

Some people talking about investment and the maturity of a person which is totally irrelevant to using Bitcoin. Using Bitcoin and Investing in Bitcoin isn't the same thing. Even a 10-year-old kid can invest in Bitcoin if want. Making a loss or profit depends on his future actions. But still, nothing forbids a kid to invest in Bitcoin. So, what are you guys talking about?

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Quote from: Publictalk792 on June 23, 2024, 08:57:47 PM

Yes I agree with you age matters in every field of life especially when it comes to learning new things taking risks having experience and being financially stable. Young people are often better at learning and taking risks but older people have more experience and financial stability. However with internet older people can now access information and learn new things too. With right help and approach older people can even learn about bitcoin and invest in it wisely. It is good to remember that age does not limit our ability to learn and grow and that experience and wisdom are valuable in worlds of finance and technology.

The obstacle for parents in learning new things, especially regarding investment, is trust. Not all parents are open-minded to new things, especially regarding technological developments.
However, they (parents) have been used to the pattern of saving at the bank for a very long time, which they think is very safe throughout their lives. Unless we are talking about elderly people who had the habit or pleasure of investing when they were young. Bitcoin must be very interesting for them, especially with the conversation on social media growing so rapidly.

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Quote from: PX-Z on June 22, 2024, 05:52:12 PM

Age always does matters, especially the adaptability in learning, risk tolerance, experience, and financial stability. Younger people almost have this all, except for experience and financial stability, well, financial stability might not always. While older peeps have most of these except for the learning adaptability although we are in information era where we can access any information through online so that will fill the gap of oldies. Although this is not always the case of everybody since not all have the resources but to specific, oldies can still learn bitcoin and invest into it with the proper resources and approach.

Yes I agree with you age matters in every field of life especially when it comes to learning new things taking risks having experience and being financially stable. Young people are often better at learning and taking risks but older people have more experience and financial stability. However with internet older people can now access information and learn new things too. With right help and approach older people can even learn about bitcoin and invest in it wisely. It is good to remember that age does not limit our ability to learn and grow and that experience and wisdom are valuable in worlds of finance and technology.

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Quote from: PX-Z on June 22, 2024, 05:52:12 PM

Age always does matters, especially the adaptability in learning, risk tolerance, experience, and financial stability. Younger people almost have this all, except for experience and financial stability, well, financial stability might not always. While older peeps have most of these except for the learning adaptability although we are in information era where we can access any information through online so that will fill the gap of oldies. Although this is not always the case of everybody since not all have the resources but to specific, oldies can still learn bitcoin and invest into it with the proper resources and approach.

I agree with you. Bitcoin and blockchain technology provide good applications and usages for everyone but the elderly have more difficult to accept new technology and struggle to use it than younger people.

It's simply to recognize a fact that if you give your grandmother or grandfather a mobile smart phone, he or she will struggle to use it. It can take some days or many weeks for your grandma, grandpa to use simple features on the smart phone. Fear of losing money is big barrier to prevent them using Bitcoin blockchain for money transfer. It's natural fear for the elderly and it's not only with blockchain but they are more keen on doing things they are familiar with like using cash then doing online bank transfer, blockchain for transactions.

Quote from: Franctoshi on June 22, 2024, 01:55:47 PM

Bitcoin was generally made for everyone to use, and no age limitations in as much you can read and understand its simple code commands thats "send and receive orders, or further how to place buy and sell order for someone who wants to purchase Bitcoin and you are abe to secure your key phrases properly

Age affects all of us and the elderly have more problems to use computers and digital devices than younger people. It is always true and in future when we become older, we will have more problems to learn new things, adapt to new technology. With current elderly, it's difficult to adapt to mobile devices, Internet and blockchain technology.

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Age always does matters, especially the adaptability in learning, risk tolerance, experience, and financial stability. Younger people almost have this all, except for experience and financial stability, well, financial stability might not always. While older peeps have most of these except for the learning adaptability although we are in information era where we can access any information through online so that will fill the gap of oldies. Although this is not always the case of everybody since not all have the resources but to specific, oldies can still learn bitcoin and invest into it with the proper resources and approach.

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Quote from: Kavelj22 on June 22, 2024, 12:39:17 PM

I do not think it is useful to set limits based on age or physical condition in everything related to knowledge because it does not require more than good cognitive ability to learn. Perhaps in previous times this was not possible for everyone due to limited sources of knowledge, but in our current era there are multiple methods available for all cases of people, such as the blind or the physically disabled. We all remember Hawkins, who excelled in theoretical physics, even though his body was almost completely paralyzed and he was unable to even speak.

Also, I do not think that anyone sets limits for others on this basis, but rather the whole matter is psychological barriers that a person creates for himself in order to find justifications for his inability. It takes a lot of determination and a little patience to make it work.

You're right that in the past, there were not that many resources, and people weren't that adept yet with technology. But as time goes by, everyone starts to use resources that they can pick up through the internet for free and that's how many are starting to learn nowadays. While I think that there's a connection between age and learning on how quick we are to pick up lessons and understand them asap, it sets no boundaries on who are the people that can learn and invest in Bitcoin. There's no set of limitation in here but it is ourselves that sets that limit because we think that we're not capable of or I mean those that think they're not eligible to invest in Bitcoin because of their age.

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Quote from: Ethan151 on March 27, 2024, 03:54:17 AM

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

Bitcoin was generally made for everyone to use, and no age limitations in as much you can read and understand its simple code commands thats "send and receive orders, or further how to place buy and sell order for someone who wants to purchase Bitcoin and you are abe to secure your key phrases properly, Then All that Bitcoin required is understanding even it is to be a 10 year old kid or even in you are in your 80s there is no age limitations, so far you can decode its functions very well.

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Quote from: tabas on June 22, 2024, 04:47:17 AM

Quote from: Kavelj22 on June 21, 2024, 06:36:57 PM

Quote from: tabas on June 21, 2024, 04:50:37 PM

Making your own wallet, yes. But I dunno with the exchanges because they're asking for KYC and that's probably part of it but then, it's all about Bitcoin and yes, no questions will be asked about how old you are. There's no limitation on how young and old you are to start into Bitcoin and this is the beauty of it. And it's best to invest as soon as possible so that you won't be missing all of those moments when the price of it starts to drop a lot.

I don't understand why some people might think that age might be an obstacle to entering the crypto space. It is not physical exercise that we would stop doing if some of our organs lost their vital capabilities, but mental knowledge that any person with a conscious mind can absorb and use as well, like any other knowledge. Here in the forum we have veteran members who are over seventy years old, and there are certainly those who are older than that and no one notices them.

We know that fact in the forum we've got members of all ages. But I also do understand if people who are not yet invested in Bitcoin think that there might be some requirements in age or amounts on how much they should invest and how old they should be. We need to be understanding as not everyone has that knowledge about basic matters here.

Quote from: Kavelj22 on June 21, 2024, 06:36:57 PM

Perhaps those who offer skeptical opinions only think about the aspect of long-term investment, but this is also useless because no one knows when his life might end or under what circumstances.
Personally, I do not prefer the idea of limiting Bitcoin to its investment function only because it performs other functions that all of humanity can benefit from. I am sure that there are developers and users of Bitcoin at a very advanced age, and it is certain that some of them died shortly after discovering Bitcoin. Age is a relative matter that should not be an obstacle for anyone to stop striving to develop themselves, their knowledge, and their life.

I agree with what you've said in the latter part. While we age, but it won't matter in discovering newer things in life whether it's related to Bitcoin or anything. We as humans is designed to continue learning about certain things that we are interested with.

I do not think it is useful to set limits based on age or physical condition in everything related to knowledge because it does not require more than good cognitive ability to learn. Perhaps in previous times this was not possible for everyone due to limited sources of knowledge, but in our current era there are multiple methods available for all cases of people, such as the blind or the physically disabled. We all remember Hawkins, who excelled in theoretical physics, even though his body was almost completely paralyzed and he was unable to even speak.

Also, I do not think that anyone sets limits for others on this basis, but rather the whole matter is psychological barriers that a person creates for himself in order to find justifications for his inability. It takes a lot of determination and a little patience to make it work.

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Quote from: Kavelj22 on June 21, 2024, 06:36:57 PM

I don't understand why some people might think that age might be an obstacle to entering the crypto space. It is not physical exercise that we would stop doing if some of our organs lost their vital capabilities, but mental knowledge that any person with a conscious mind can absorb and use as well, like any other knowledge. Here in the forum we have veteran members who are over seventy years old, and there are certainly those who are older than that and no one notices them.

Perhaps those who offer skeptical opinions only think about the aspect of long-term investment, but this is also useless because no one knows when his life might end or under what circumstances.
Personally, I do not prefer the idea of limiting Bitcoin to its investment function only because it performs other functions that all of humanity can benefit from. I am sure that there are developers and users of Bitcoin at a very advanced age, and it is certain that some of them died shortly after discovering Bitcoin. Age is a relative matter that should not be an obstacle for anyone to stop striving to develop themselves, their knowledge, and their life.

We're not talking about mental capabilities here; that would be the least of my worries. Good luck acquiring Bitcoin as an underage without getting scammed. Bitcoin doesn't have age limitations, but acquiring Bitcoin outside of an exchange without being able to submit KYC is a difficult and risky process. Personally, I bought Bitcoin through another forum when I was a teenager. My only means of payment was a PayPal account, which wasn't in my name. I got scammed in the process on my first attempt; fortunately, the second attempt went smoothly, even though I was discouraged by being scammed.

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Agreed Bitcoin is truly amazing. Its objective nature means that anyone can use it for any reason. Not only is age not an issue but neither is nationality, race, gender, or your ability to prove that you have a residential address.

I have met people with next to nothing but they have bitcoin and are able to use it in any country that they are in. Anyone can accept it as payment with nothing but a browser and an internet connection. That's truly powerful.

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Quote from: Odohu on June 22, 2024, 07:41:34 AM

Quote from: tabas on June 22, 2024, 07:21:01 AM

There are many factors that stop people from knowing more about Bitcoin. Yes, the tech itself stops them thinking that things are too complicated for them to learn even if they want to buy Bitcoin. But without digging more, they already failed themselves by stopping there and not learning about it anymore. And it's true that it's hard to educate everyone at the same time when some aren't really interested and the others are thinking the same thing unlike us that we're enthusiastic about Bitcoin and telling them how great it is with its potential but them, they're not expecting a lot but that's okay.

You are right Tabas and I can remember trying to teach my boss certain things in his phone and he categorically declined saying that it will not be easy for him to understand probably because he felt it was too comicated for him base on his age. Most advanced people do not derive any phone learning new things especially things that seem like a major deviation to what they know or do. As we all know, Bitcoin is a major deviation from what was obtainable in the field of finance and investing. While you reference the technical aspect of this, I have another twist to the discussion.

I have seen that many older people do not find investment in BItcoin attractive because they feel they have missed it when it was cheaper and that now it is difficult to build a good investment portfolio in Bitcoin as they are mostly not in active service again. So age is really a huge factor when comes to embracing and investing in Bitcoin.

That belief also stops them. Most of them think they're already late to the train and they don't want to ride it anymore. If we've thought the same thing in the past, we wouldn't be here and we would not be able to hold Bitcoin as our investment. But because of our curiosity and the risk that we took, we're able to ride the train and we have overcome our fear. And I hope for those folks, of all ages, that all of you will overcome your fears and doubts about investing in Bitcoin. You're not that late at all, you're going to be late when you do this when we're in the cycle and so.

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Quote from: tabas on June 22, 2024, 07:21:01 AM

There are many factors that stop people from knowing more about Bitcoin. Yes, the tech itself stops them thinking that things are too complicated for them to learn even if they want to buy Bitcoin. But without digging more, they already failed themselves by stopping there and not learning about it anymore. And it's true that it's hard to educate everyone at the same time when some aren't really interested and the others are thinking the same thing unlike us that we're enthusiastic about Bitcoin and telling them how great it is with its potential but them, they're not expecting a lot but that's okay.

You are right Tabas and I can remember trying to teach my boss certain things in his phone and he categorically declined saying that it will not be easy for him to understand probably because he felt it was too comicated for him base on his age. Most advanced people do not derive any phone learning new things especially things that seem like a major deviation to what they know or do. As we all know, Bitcoin is a major deviation from what was obtainable in the field of finance and investing. While you reference the technical aspect of this, I have another twist to the discussion.

I have seen that many older people do not find investment in BItcoin attractive because they feel they have missed it when it was cheaper and that now it is difficult to build a good investment portfolio in Bitcoin as they are mostly not in active service again. So age is really a huge factor when comes to embracing and investing in Bitcoin.

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Quote from: Taskford on June 22, 2024, 05:25:44 AM

Quote from: tabas on June 22, 2024, 04:47:17 AM

We know that fact in the forum we've got members of all ages. But I also do understand if people who are not yet invested in Bitcoin think that there might be some requirements in age or amounts on how much they should invest and how old they should be. We need to be understanding as not everyone has that knowledge about basic matters here.

Its the understanding of the technology stopping people to know about bitcoin and not actually their ages. Since not everyone is capable to know what's something new that they need to learn since there are certain parts of the world is so behind on latest trend especially on what happen on online space.

If there will be just a strong campaign towards helping people to be knowledgeable on how to use and adopt the changes of the world especially on the advancement of the current technology then for sure that a lot of people including those old ones will discover bitcoin then participate either for their investment or completely using it the same as their fiats. But sad reality that its hard to educate all people about technology and crypto that's why expect that not all people know its existence.

There are many factors that stop people from knowing more about Bitcoin. Yes, the tech itself stops them thinking that things are too complicated for them to learn even if they want to buy Bitcoin. But without digging more, they already failed themselves by stopping there and not learning about it anymore. And it's true that it's hard to educate everyone at the same time when some aren't really interested and the others are thinking the same thing unlike us that we're enthusiastic about Bitcoin and telling them how great it is with its potential but them, they're not expecting a lot but that's okay.

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Quote from: tabas on June 22, 2024, 04:47:17 AM

Quote from: Kavelj22 on June 21, 2024, 06:36:57 PM

Quote from: tabas on June 21, 2024, 04:50:37 PM

Making your own wallet, yes. But I dunno with the exchanges because they're asking for KYC and that's probably part of it but then, it's all about Bitcoin and yes, no questions will be asked about how old you are. There's no limitation on how young and old you are to start into Bitcoin and this is the beauty of it. And it's best to invest as soon as possible so that you won't be missing all of those moments when the price of it starts to drop a lot.

I don't understand why some people might think that age might be an obstacle to entering the crypto space. It is not physical exercise that we would stop doing if some of our organs lost their vital capabilities, but mental knowledge that any person with a conscious mind can absorb and use as well, like any other knowledge. Here in the forum we have veteran members who are over seventy years old, and there are certainly those who are older than that and no one notices them.

We know that fact in the forum we've got members of all ages. But I also do understand if people who are not yet invested in Bitcoin think that there might be some requirements in age or amounts on how much they should invest and how old they should be. We need to be understanding as not everyone has that knowledge about basic matters here.

Its the understanding of the technology stopping people to know about bitcoin and not actually their ages. Since not everyone is capable to know what's something new that they need to learn since there are certain parts of the world is so behind on latest trend especially on what happen on online space.

If there will be just a strong campaign towards helping people to be knowledgeable on how to use and adopt the changes of the world especially on the advancement of the current technology then for sure that a lot of people including those old ones will discover bitcoin then participate either for their investment or completely using it the same as their fiats. But sad reality that its hard to educate all people about technology and crypto that's why expect that not all people know its existence.

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Quote from: Kavelj22 on June 21, 2024, 06:36:57 PM

Quote from: tabas on June 21, 2024, 04:50:37 PM

Making your own wallet, yes. But I dunno with the exchanges because they're asking for KYC and that's probably part of it but then, it's all about Bitcoin and yes, no questions will be asked about how old you are. There's no limitation on how young and old you are to start into Bitcoin and this is the beauty of it. And it's best to invest as soon as possible so that you won't be missing all of those moments when the price of it starts to drop a lot.

I don't understand why some people might think that age might be an obstacle to entering the crypto space. It is not physical exercise that we would stop doing if some of our organs lost their vital capabilities, but mental knowledge that any person with a conscious mind can absorb and use as well, like any other knowledge. Here in the forum we have veteran members who are over seventy years old, and there are certainly those who are older than that and no one notices them.

We know that fact in the forum we've got members of all ages. But I also do understand if people who are not yet invested in Bitcoin think that there might be some requirements in age or amounts on how much they should invest and how old they should be. We need to be understanding as not everyone has that knowledge about basic matters here.

Quote from: Kavelj22 on June 21, 2024, 06:36:57 PM

Perhaps those who offer skeptical opinions only think about the aspect of long-term investment, but this is also useless because no one knows when his life might end or under what circumstances.
Personally, I do not prefer the idea of limiting Bitcoin to its investment function only because it performs other functions that all of humanity can benefit from. I am sure that there are developers and users of Bitcoin at a very advanced age, and it is certain that some of them died shortly after discovering Bitcoin. Age is a relative matter that should not be an obstacle for anyone to stop striving to develop themselves, their knowledge, and their life.

I agree with what you've said in the latter part. While we age, but it won't matter in discovering newer things in life whether it's related to Bitcoin or anything. We as humans is designed to continue learning about certain things that we are interested with.

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Quote from: tabas on June 21, 2024, 04:50:37 PM

Making your own wallet, yes. But I dunno with the exchanges because they're asking for KYC and that's probably part of it but then, it's all about Bitcoin and yes, no questions will be asked about how old you are. There's no limitation on how young and old you are to start into Bitcoin and this is the beauty of it. And it's best to invest as soon as possible so that you won't be missing all of those moments when the price of it starts to drop a lot.

I don't understand why some people might think that age might be an obstacle to entering the crypto space. It is not physical exercise that we would stop doing if some of our organs lost their vital capabilities, but mental knowledge that any person with a conscious mind can absorb and use as well, like any other knowledge. Here in the forum we have veteran members who are over seventy years old, and there are certainly those who are older than that and no one notices them.

Perhaps those who offer skeptical opinions only think about the aspect of long-term investment, but this is also useless because no one knows when his life might end or under what circumstances.
Personally, I do not prefer the idea of limiting Bitcoin to its investment function only because it performs other functions that all of humanity can benefit from. I am sure that there are developers and users of Bitcoin at a very advanced age, and it is certain that some of them died shortly after discovering Bitcoin. Age is a relative matter that should not be an obstacle for anyone to stop striving to develop themselves, their knowledge, and their life.

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Making your own wallet, yes. But I dunno with the exchanges because they're asking for KYC and that's probably part of it but then, it's all about Bitcoin and yes, no questions will be asked about how old you are. There's no limitation on how young and old you are to start into Bitcoin and this is the beauty of it. And it's best to invest as soon as possible so that you won't be missing all of those moments when the price of it starts to drop a lot.

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Quote from: Ethan151 on March 27, 2024, 03:54:17 AM

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

It shouldn't be, as long as the person is willing to learn and is able to fully understand Bitcoin and cryptocurrency, just go in to consult first regarding their activities in cryptocurrency.

Bitcoin is one of the latest technological results that is very popular, moreover, many people use it as an asset for retirement later. Even though it's not the only thing, Bitcoin is interesting because it is actually like that, with its value, with people's trust in Bitcoin. This also makes people from various circles and ages interested in Bitcoin.

SO, briefly, as long as they are eager and able to learn and understand Bitcoin very well and wisely, why not? No limitation about it, except that using the CEX because they need to use KYC ID.

Topic: Is age a limitation in Bitcoin (Read 1742 times)