Is ageing and old people part of bitcoin? - page 4.

Lanatsa

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Quote from: Semar Mesem on April 05, 2023, 11:08:18 AM

I'm sure there are also many old users, of course, the old size is those who are at least 60 years old, parents also have hopes of getting big profits, and when they hear about bitcoin, they will try it and when it is profitable, they are more eager to buy, this is because bitcoin investment proved to be easier than stocks.

When it comes to age then this market doesnt really require on which number you would really be put up whether you are a senior or you are still that on young adulthood kind of age.Bitcoin or cryptocurrency
market doesnt really mind off nor depend on whose really that qualified on taking some engagement to it.

We do know that age or there are no qualifications for someone to deal it.As long you are pretty aware on what it is and you do know about the certain risks involved into it then
it would really be just that fine as long you do know on what you are doing.

beerlover

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Quote from: Jody.Drummer on April 04, 2023, 03:14:41 AM

I think this kind of thing depends on where you live and how your parents think.
Indeed, there are still many parents who are still very unfamiliar with the Internet, Gadgets or today's sophisticated technology, but on the other hand we also cannot close one eye because everyone is different and basically for some large areas there are already very many parents who can. spending all day just reading the news from their gadgets and leaving the newspapers or magazines they like.

A research showed that this is economically related. Nations like UK or USA has a lot more elderly who understands the latest technologies because it's cheap for them, even getting the latest brand new phones and macbooks or whatever do not mean a ton of money for them and that's something they can afford easily, so they buy it and try to learn it, some do and some don't but at least they can try to. Whereas in poorer nations not even young people can afford it even though they work 12 hours a day, like me for example, I can't afford a new iophone, it's about 1000 dollars here, wife wants it, but we can't ever buy it ever in our life.

Because that's too much, and no matter how upset she can be, we will never own one. How could my parents afford it then? They are retired old people living on retirement fund, so it's impossible for them to ever learn if they can use it or not, because they are too poor to even try.

Wapfika

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Quote from: Nrcewker on April 02, 2023, 08:07:18 AM

Old people aren’t likely exposed to internet. For most of them internet are just rocket science, not to blame anyone, but it’s the fact. This doesn’t mean that old people are dumb and don’t do any investments. Rather they are very intelligent and know where to give the right amount of money for the right investment. Old people invest in real estates, physical gold etc. Now it’s really debatable that whether old people should invest or not, but it’s our duty to educate them about this.

Old people who are into investing and do know how investment works may consider investing in crypto or in bitcoin. Some old people who learn the value of investment and not just staying their money at bank will fond ways to learn bitcoin. Some senior might only be attracted in the hype that people earn and some get rich in bitcoin while some will take it seriously to study how bitcoin works. Whether they will engaged in bitcoin or not as long as they get prepared in having saving before they aged then there’s nothing to worry about whether they will enter bitcoin or nkt.

Semar Mesem

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I'm sure there are also many old users, of course, the old size is those who are at least 60 years old, parents also have hopes of getting big profits, and when they hear about bitcoin, they will try it and when it is profitable, they are more eager to buy, this is because bitcoin investment proved to be easier than stocks.

Kodok Bencot

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Bitcoin users are anonymous, of course it will be difficult to know whether old people are or not, but in my opinion bitcoin is also worthy of being an old people investment, the chance of a higher profit than any type of investment is of course an important consideration, the most important thing is that old people only invest small amounts.

Jody.Drummer

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Quote from: Nrcewker on April 02, 2023, 08:07:18 AM

Old people aren’t likely exposed to internet. For most of them internet are just rocket science, not to blame anyone, but it’s the fact. This doesn’t mean that old people are dumb and don’t do any investments. Rather they are very intelligent and know where to give the right amount of money for the right investment. Old people invest in real estates, physical gold etc. Now it’s really debatable that whether old people should invest or not, but it’s our duty to educate them about this.

I think this kind of thing depends on where you live and how your parents think.
Indeed, there are still many parents who are still very unfamiliar with the Internet, Gadgets or today's sophisticated technology, but on the other hand we also cannot close one eye because everyone is different and basically for some large areas there are already very many parents who can. spending all day just reading the news from their gadgets and leaving the newspapers or magazines they like.
Now it depends on where you live and how your mindset is because indeed something like that will definitely make a real difference. For small areas such as rural areas or those that are not touched too often, things that come from renewable technology will definitely be very foreign, but for some in big cities, the possibility of them receiving it is even greater.Learning more in this case bitcoin, I still feel it is still legal for older people, even if it's just to invest, maybe they have to think again about it, especially for their age, which can be said to be not for long, even though we can't predict age, but if you look at the benchmark for human age when they have retired, of course, their days will not be long.

Bitcoin2009

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I think anyone can do bitcoin, as long as they can use the internet from a mobile phone or PC then they can participate in bitcoin, the easy thing in bitcoin is to buy it then save it and check the price whether it is profit or loss, if the price crash then hold for long term is the best solution.

reagansimms

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Quote from: Nrcewker on April 02, 2023, 08:07:18 AM

Old people aren’t likely exposed to internet. For most of them internet are just rocket science, not to blame anyone, but it’s the fact. This doesn’t mean that old people are dumb and don’t do any investments. Rather they are very intelligent and know where to give the right amount of money for the right investment. Old people invest in real estates, physical gold etc. Now it’s really debatable that whether old people should invest or not, but it’s our duty to educate them about this.

It is possible that parents are exposed to the internet, especially those who are retired government employees or private companies. In terms of investment, parents prefer their investment to be enjoyed by their children. Internet savvy parents can invest in Bitcoin, but it is very risky considering their age, although it is not a guarantee.
Parents still invest as long as they can, what they have in mind is only for the prosperity of their children, that is happy enough for them.

bitterguy28

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not because parents don't want their children to be exposed in internet meaning we will not allow them to use as , because we must admit that this is important in this world now.
and about old people ? I can consider myself to be old people yet i understand and love bitcoin and of course altcoins so better for me to teach my children and also my parents about crypto

Quote from: Nrcewker on April 02, 2023, 08:07:18 AM

Old people aren’t likely exposed to internet. For most of them internet are just rocket science, not to blame anyone, but it’s the fact. This doesn’t mean that old people are dumb and don’t do any investments. Rather they are very intelligent and know where to give the right amount of money for the right investment. Old people invest in real estates, physical gold etc. Now it’s really debatable that whether old people should invest or not, but it’s our duty to educate them about this.

have you red the thread? it is not asking about general person who uses bitcoin but about on whom of them are joining .

Nrcewker

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Old people aren’t likely exposed to internet. For most of them internet are just rocket science, not to blame anyone, but it’s the fact. This doesn’t mean that old people are dumb and don’t do any investments. Rather they are very intelligent and know where to give the right amount of money for the right investment. Old people invest in real estates, physical gold etc. Now it’s really debatable that whether old people should invest or not, but it’s our duty to educate them about this.

darewaller

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Quote from: ShowOff on March 30, 2023, 04:09:00 PM

Quote from: zaki12 on March 30, 2023, 02:23:29 PM

There is no age limit for investing in bitcoins. But in my opinion, investing in bitcoin can be high risk for parents, especially those aged 70 and over because parents generally have a forgetful nature in managing their finances. Moreover, the price of Bitcoin can change drastically in a short time, which can result in big losses if not managed properly.

In addition, older people may also be more vulnerable to bitcoin-related fraud and cybercrime. There are also technological risks such as losing access to digital accounts and wallets which can lead to lost investments. Back to the point above, the elderly tend to forget easily.

It is true, gender and age will not limit someone from getting involved in bitcoin.
I can consider that there is many investors are aged 50 and over already involved in bitcoin investing, but I can definitely ignore those old enough currently in a nursing home to get involved in this space. Age is not a limit, even Saylor who is already 58 years old is the most optimistic person about bitcoin. There are categories where they can no longer be involved in this space, that's another story.

Gender maybe but age yes. What if the age of the person is too young that they can't even know how to read or write? There's also really old people who are not capable to think critically anymore. I agree that mature men are into investing. They are mature enough to think about their future and also the future of their family but I think many of them are still skeptical about Bitcoin.

It maybe the younger people are the ones who are more familiar with BTC but they can always recommend it to their parents and the people around them. Other than age, a country or the government can also restrict people from getting involved in Bitcoin.

el kaka22

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Slowly but I hear they are getting in. I have a friend who works in a local exchange, and by local I mean they make billions in profit, so they are quite large but obviously not in top 10, they are in top 50. He works in marketing so he knows a thing or two about the people who join, and because there is KYC we are talking about people who actually give their information. He talks about the fact that 90% is people who are under 40 years old, and over 50% is under 35 years old as well, so that is the majority that part is guaranteed.

But just 3-4 years ago, people who were 60+ had just 1% or less, and today they have over 7% of the accounts, which is quite large, and good to see.

Kadal Ijo

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I think old people also have to participate in bitcoin, of course they don't have to sell assets or put all the money in bitcoin, maybe it can be arranged according to the portion that can be considered a loss, in developed countries old people also like gambling so if gambling habits can be transferred to bitcoin, of course it will make them can be more prosperous in the future.

doomloop

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Quote from: zaki12 on March 30, 2023, 02:23:29 PM

There is no age limit for investing in bitcoins. But in my opinion, investing in bitcoin can be high risk for parents, especially those aged 70 and over because parents generally have a forgetful nature in managing their finances. Moreover, the price of Bitcoin can change drastically in a short time, which can result in big losses if not managed properly.

In addition, older people may also be more vulnerable to bitcoin-related fraud and cybercrime. There are also technological risks such as losing access to digital accounts and wallets which can lead to lost investments. Back to the point above, the elderly tend to forget easily.

Well, you are probably right that people from higher age groups tend to forget things very easily which can sometimes be troublesome if they are investing in Bitcoin, especially if they are doing it for a short or mid term. Those who wish to invest for the long-term, wouldn't really have much issues if they simply store them in a hardware wallet and keep the private keys somewhere safe, and also tell someone else about them.

If they don't tell anyone about them, and if something unfortunate happens, the Bitcoins will be lost forever. If they write it down in their will, that will also be a good way to transfer their investment to their children or grandchildren.

CageMabok

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Quote from: Tellek Garing on March 31, 2023, 02:05:52 AM

Everyone has access to technology, and I believe we are approaching a point where even older people will recognize the benefits of using cryptocurrency and Bitcoin. This is especially beneficial to them. Older people will no longer have to go through the stress of visiting a physical banking hall because they will be able to conduct transactions from the comfort of their own homes. Cryptocurrency and Bitcoin allow users to act as their own bank, which is exactly what the elderly require.

Not all parents are able to take advantage of the technology that already exists at this time, because when they were young, there was not much technology that they could see and feel. So that at this time some parents always need help from other parties to solve their needs and in this case it is clear that what they rely on is the physical bank and it still looks conventional.

But in part, I see that parents have been able to take advantage of existing technology to facilitate all the important matters they have, because when there is so much technology but there are still many people who don't know how to use it, I think that is tantamount to lying. So this is not only because there is technology that can be used by the elderly, but how many elderly people can use this technology at this time.

Tellek Garing

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Quote from: utybbas2 on March 30, 2023, 10:15:07 AM

Of course, bitcoin is for everybody, and I tend to see more and more old folks hodlers of bitcoin. It wasn't too much common back then. it's nice to see, technology it's not just for the young like most say.

Everyone has access to technology, and I believe we are approaching a point where even older people will recognize the benefits of using cryptocurrency and Bitcoin. This is especially beneficial to them. Older people will no longer have to go through the stress of visiting a physical banking hall because they will be able to conduct transactions from the comfort of their own homes. Cryptocurrency and Bitcoin allow users to act as their own bank, which is exactly what the elderly require.

STT

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Incorrect way of thinking of it really. A person could be 20 and incapable of taking on something for various of reasons, some just wont sit still and think about anything much for more then 10 seconds. Regardless of gender or age or any other reason a good product will be applicable in some way. I hope BTC will be universal one day but not to the same depth for everyone.

milewilda

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Quote from: ShowOff on March 30, 2023, 04:09:00 PM

Quote from: zaki12 on March 30, 2023, 02:23:29 PM

There is no age limit for investing in bitcoins. But in my opinion, investing in bitcoin can be high risk for parents, especially those aged 70 and over because parents generally have a forgetful nature in managing their finances. Moreover, the price of Bitcoin can change drastically in a short time, which can result in big losses if not managed properly.

In addition, older people may also be more vulnerable to bitcoin-related fraud and cybercrime. There are also technological risks such as losing access to digital accounts and wallets which can lead to lost investments. Back to the point above, the elderly tend to forget easily.

It is true, gender and age will not limit someone from getting involved in bitcoin.
I can consider that there is many investors are aged 50 and over already involved in bitcoin investing, but I can definitely ignore those old enough currently in a nursing home to get involved in this space. Age is not a limit, even Saylor who is already 58 years old is the most optimistic person about bitcoin. There are categories where they can no longer be involved in this space, that's another story.

There's no indeed qualifications or something in between if we do speak about things needed for you to get deal with Bitcoin or crypto in overall.As long you do know its concept and overall use case and opportunities
then this is what do really counts.Old or young, it doesnt matter because everyone could freely deal up with it.It is really just that there are people who are really that easy to understand whenever
we do speak about things that it is attached online. Some are really just that close minded and never intend to deal up with things just because they are really that afraid on doing so.
or have thoughts that this is some sort of scam.

ShowOff

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Quote from: zaki12 on March 30, 2023, 02:23:29 PM

There is no age limit for investing in bitcoins. But in my opinion, investing in bitcoin can be high risk for parents, especially those aged 70 and over because parents generally have a forgetful nature in managing their finances. Moreover, the price of Bitcoin can change drastically in a short time, which can result in big losses if not managed properly.

In addition, older people may also be more vulnerable to bitcoin-related fraud and cybercrime. There are also technological risks such as losing access to digital accounts and wallets which can lead to lost investments. Back to the point above, the elderly tend to forget easily.

It is true, gender and age will not limit someone from getting involved in bitcoin.
I can consider that there is many investors are aged 50 and over already involved in bitcoin investing, but I can definitely ignore those old enough currently in a nursing home to get involved in this space. Age is not a limit, even Saylor who is already 58 years old is the most optimistic person about bitcoin. There are categories where they can no longer be involved in this space, that's another story.

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Quote from: zaki12 on March 30, 2023, 02:23:29 PM

There is no age limit for investing in bitcoins. But in my opinion, investing in bitcoin can be high risk for parents, especially those aged 70 and over because parents generally have a forgetful nature in managing their finances. Moreover, the price of Bitcoin can change drastically in a short time, which can result in big losses if not managed properly.

Apart from forgetting more quickly, the eyes of parents who are already in their 70s also have to use tools to see market charts and other things before investing. But if you only want to invest in the long term without having to monitor it all the time, I don't think it would be wrong for these parents to do so because parents usually will use money that is not spent elsewhere to invest. So that even if one day he loses, he will not experience stress when thinking about it.

Quote

In addition, older people may also be more vulnerable to bitcoin-related fraud and cybercrime. There are also technological risks such as losing access to digital accounts and wallets which can lead to lost investments. Back to the point above, the elderly tend to forget easily.

Because it's easier to forget and also vulnerable to fraud, older people with the age level you mentioned really need a younger companion for themselves when investing in Bitcoin. So that when there are problems or things that he doesn't know about, he can immediately ask his companion to find out and solve them. Usually parents always prefer to rely on their grandchildren in any case, including in terms of investing in Bitcoin. That is if his grandson already understands more about Bitcoin.

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