Is ageing and old people part of bitcoin? - page 5.

Tellek Garing

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Quote from: Godlovesyou on March 11, 2023, 03:01:48 PM

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion

We, like the human mind, which we believe was given to us by God, have the ability to choose how to use it for good or evil. The same principle applies to the internet: we can use it to learn and do good things, or we can abuse it. As a result, we should make an effort to educate our aging population about internet safety.

Bitcoin is unquestionably the currency of the future, and it may surprise you to learn that the elderly are investing in it more than the younger generation. Rather than focusing on the negative consequences of using the internet and cryptocurrency, we should encourage society to recognize their importance and potential benefits.

zaki12

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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.

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Quote from: Paul Pogba on March 29, 2023, 11:59:00 AM

Usually old people don't want to take high risks, as we know that the potential for bitcoin losses is very high, old people will think rationally because they are no longer productive, buying stocks, gold or property is a safer thing for old people.

Although we know that they are not always very keen on technology or have much interest in it, I think they are not wrong in choosing the safer ways for investing their money and we shouldn't consider that bad because they've seen life more closely than us and they understand the risks and everything involved in rational and hasty investments.

They could be a part of Bitcoin and the revolution the world is witnessing, but they will need someone to sit beside them and explain everything out of love and with a smile on their face and believe it or not, aged people love it when you do that, and they will listen to anything you have to say.

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Quote from: kawetsriyanto on March 29, 2023, 05:57:00 PM

Quote from: Joshapat on March 24, 2023, 06:01:44 AM

I think the thing that makes old people inactive in bitcoin is the high risk, cryptocurrencies are a high-risk type of investment, old people will certainly be depressed if they see the money used to invest drop, they can no longer make money and only use money from work or retirement when I was young.

I don't think so. Age shouldn't make people worried. If people are afraid to invest in Bitcoin, it is because they don't know well Bitcoin. If they know Bitcoin and understand how to deal with the risk, they must be interested in Bitcoin investment. Or they feel afraid since they are the type of people who don't want to try something challenging.

Actually in this case I think it goes back to people's perspectives because of course in terms of perspective different views are commonplace.
But for me personally, when it comes to learning, everyone is free to do such things, including the elderly who are enjoying the rest of their lives with their pensions.
But when it comes to investing for older people, I don't think it's really necessary even though there is no prohibition for this. Now they just have to enjoy what they earned in their youth instead of re-pioneering to invest because in terms of age, what they are pursuing now is considering in terms of opportunities even though we don't know the age of a person but when looking at their conditions they are approaching and why invest for the long term that they don't enjoy the results.
I do not prohibit this but it would be better if those who are older enjoy the fruits of their labor rather than having to restart investing even if it is to learn in order to have knowledge that is okay.

utybbas2

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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.

Hamphser

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Quote from: Godlovesyou on March 11, 2023, 03:01:48 PM

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion

Each person does have their own perceptions on things in life whether on physical or virtual engagement and acknowledgement on different things on which it would really be just depending whether
they would really be dealing with it or not and skipping out because it is really that against into their principles.This is why it is really just a matter of situation because not all would really be
that confident on dealing up something online. Scams and frauds are lots on which i cant blame those old person on having this kind of perception into things which we know that
it cant really be that something you could force them on doing so.Just let them be on dealing up on things which they do believe but its not bad to make out some introduction to them about it.

kawetsriyanto

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Quote from: Hamphser on March 22, 2023, 07:09:06 PM

Well, we cant blame them out but its true that there are people who are really that open to new ideas and innovations.

Sure, we can't blame people who don't want to invest in Bitcoin whether they are old or young. It is purely a human right, everyone is free to do whatever they prefer/want.

Yep, there are some people who support innovations. It depends on their own characteristics (nature) or knowledge, it doesn't depend on age. So, those who support the innovation will be easier to accept Bitcoin.

Quote from: Joshapat on March 24, 2023, 06:01:44 AM

I think the thing that makes old people inactive in bitcoin is the high risk, cryptocurrencies are a high-risk type of investment, old people will certainly be depressed if they see the money used to invest drop, they can no longer make money and only use money from work or retirement when I was young.

I don't think so. Age shouldn't make people worried. If people are afraid to invest in Bitcoin, it is because they don't know well Bitcoin. If they know Bitcoin and understand how to deal with the risk, they must be interested in Bitcoin investment. Or they feel afraid since they are the type of people who don't want to try something challenging.

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Quote from: AnonBitCoiner on March 27, 2023, 02:08:04 PM

Age doesn't matter but the actual thing is mind and interest that in which field you are interested. The parents who are above 60s doesn't have any idea about the crypto trading and investment so they visualize this field like a gambling and way of lossing money.

I think that all those individuals who are interested in crypto should educate their elders and elders should educate their younger about it therefore people will get knowledge about it. Parents of age about 70 and 80 will hardly understand this thing because at that time when they were young so there was no concept of bitcoin that time.

In this age everyone knows very well about bitcoin so there will be no difficulty for them and I think its a best thing to involved in it. successful people always invest in Bitcoin for further success in future.

Age doesn't matter is only applicable to other forms of investment but in crypto, age matters here. We can say that crypto welcomes everyone but not all are suitable for this due to the nature of the market which it needs knowledge and skill, and the capability to use gadgets. Sadly, for aging or old people this is hard for them. For me, it was not their time to learn from this, using gadgets but instead, it was their time to enjoy life worrying about nothing. We let the new generation handle this thing and carry the responsibility as they are capable enough to do this.

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Quote from: Mame89 on March 29, 2023, 04:42:30 PM

investing in Bitcoin or other crypto assets is not limited to a certain age and is accessible to anyone with internet access and a digital wallet. However, this investment does have a fairly high risk, because the crypto asset market is very volatile and prices can change drastically in a short time. Considering his parents are 80-90 years old, I don't think this is suitable for them long term bitcoin investment.

The investment choices taken by parents depend on preferences, tendencies, and also the level of understanding of the assets in question. Older people may prefer to invest in gold because gold is known as a stable asset and has a value that tends to stabilize over time.

Gold is a good investment but its problem is that it can spend many years without moving much, even when the inflation is going higher and higher, so if anyone is thinking about investing in it then the amount of money that should be invested in it should be relatively low, that way if the economy begins to present huge problems and gold skyrockets then you can still retain a portion of your wealth and not lose everything during such a bearish movement, while if the economy does well then you can invest most of your remaining capital in other assets which offer higher returns.

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Quote from: Paul Pogba on March 29, 2023, 11:59:00 AM

Usually old people don't want to take high risks, as we know that the potential for bitcoin losses is very high, old people will think rationally because they are no longer productive, buying stocks, gold or property is a safer thing for old people.

True, they don't want to take more risks because they're all set for life but that won't limit them in learning bitcoin and there's no restriction for them to learn something new.
Some may try to learn about it and test themselves by investing on it but those that have been tested by time and real life investors that have made their lives better, for sure that no one can stop them in learning and after that, they'll invest in bitcoin.
They may think of it as some sort of games and bets and that's why if ever some of them invests, they know the risk and they can afford to lose any amount they put in.

Mame89

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investing in Bitcoin or other crypto assets is not limited to a certain age and is accessible to anyone with internet access and a digital wallet. However, this investment does have a fairly high risk, because the crypto asset market is very volatile and prices can change drastically in a short time. Considering his parents are 80-90 years old, I don't think this is suitable for them long term bitcoin investment.

The investment choices taken by parents depend on preferences, tendencies, and also the level of understanding of the assets in question. Older people may prefer to invest in gold because gold is known as a stable asset and has a value that tends to stabilize over time.

Paul Pogba

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Usually old people don't want to take high risks, as we know that the potential for bitcoin losses is very high, old people will think rationally because they are no longer productive, buying stocks, gold or property is a safer thing for old people.

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Quote from: Joshapat on March 24, 2023, 06:01:44 AM

I think the thing that makes old people inactive in bitcoin is the high risk, cryptocurrencies are a high-risk type of investment, old people will certainly be depressed if they see the money used to invest drop, they can no longer make money and only use money from work or retirement when I was young.

maybe that's not the main reason, and in my opinion the main reason parents don't invest in bitcoin is that they don't know bitcoin and don't know how bitcoin works. usually parents are more interested in investing in something tangible like gold or land. and when it comes to risk issues crypto investment has a high risk, but I think it doesn't matter if parents only invest a small portion of the money they have.

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We can't deny that age is not a limit for someone to be able to learn new things, even though there may be parents who are 80 or 90 already know what crypto is, of course we should be proud because at their current age they still want to learn about things the new ones, regarding their prohibition to avoid investing in bitcoin, of course that could be based on their past experiences when they were young and maybe they still think that bitcoin is like an MLM investment or something like that beforehand, or instead they intend to teach us about caution be careful in investing, I think we only need to think positively when parents like them say or advise us because after all they have more life experiences than us so far.

AnonBitCoiner

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Age doesn't matter but the actual thing is mind and interest that in which field you are interested. The parents who are above 60s doesn't have any idea about the crypto trading and investment so they visualize this field like a gambling and way of lossing money.

I think that all those individuals who are interested in crypto should educate their elders and elders should educate their younger about it therefore people will get knowledge about it. Parents of age about 70 and 80 will hardly understand this thing because at that time when they were young so there was no concept of bitcoin that time.

In this age everyone knows very well about bitcoin so there will be no difficulty for them and I think its a best thing to involved in it. successful people always invest in Bitcoin for further success in future.

Joshapat

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I think the thing that makes old people inactive in bitcoin is the high risk, cryptocurrencies are a high-risk type of investment, old people will certainly be depressed if they see the money used to invest drop, they can no longer make money and only use money from work or retirement when I was young.

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Quote from: kawetsriyanto on March 22, 2023, 05:33:06 PM

Quote from: retreat on March 22, 2023, 04:12:52 AM

From my experience, most old people will say that Bitcoin is not important and they reject the idea that Bitcoin can be used as a means of payment. I'm not saying that all old people reject Bitcoin, it's just that most, and even they make Bitcoin like a Ponzi scheme where one day this Bitcoin will be destroyed and abandoned by people.

It is according to your own experience, other people may have a different experience.

Anyway, you said "most", right? So, there are still a few old people who are interested in Bitcoin.
Of course, Bitcoin is only for people who are interested in it, whether old or young people. People who think Bitcoin is a Ponzi scheme, they shouldn't join Bitcoin. Bitcoin is only for old/young people who believe in Bitcoin future. I'm sure there are old people who think Bitcoin is important and can be used for payment purposes because it is already legal as a payment tool in several countries.

Theres no age limit or standard on whose gonna deal with bitcoin or overall crypto space as long it does really fit out on your interest and awareness then this is what surely counts.Its true that most of old people would really be sticking into things that they've been used to or simply they would really be having that kind of mindset that they do know everything on this world.On the time that Bitcoin is been introduced and they do have those thoughts that this is some sort of another scam then there are people who are really that close minded and ending up on not to deal with it and would stick into those things that they've known.Well, we cant blame them out but its true that there are people who are really that open to new ideas and innovations.

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Quote from: retreat on March 22, 2023, 04:12:52 AM

From my experience, most old people will say that Bitcoin is not important and they reject the idea that Bitcoin can be used as a means of payment. I'm not saying that all old people reject Bitcoin, it's just that most, and even they make Bitcoin like a Ponzi scheme where one day this Bitcoin will be destroyed and abandoned by people.

It is according to your own experience, other people may have a different experience.

Anyway, you said "most", right? So, there are still a few old people who are interested in Bitcoin.
Of course, Bitcoin is only for people who are interested in it, whether old or young people. People who think Bitcoin is a Ponzi scheme, they shouldn't join Bitcoin. Bitcoin is only for old/young people who believe in Bitcoin future. I'm sure there are old people who think Bitcoin is important and can be used for payment purposes because it is already legal as a payment tool in several countries.

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Quote from: speedy963 on March 21, 2023, 11:44:49 PM

There is also this reason why it's not good to persuade older people to invest. I have also seen lots of people in their 40's who are against investment and are still living at the moment or in the middle of still enjoying their lives, but I have also ask some local neighbors with age range of 55 and up about investment, and one thing they regretted is not investing while they're still young.

So, in hindsight age really doesn't matter in terms of investment, it only varies from person to person what is their perspective when it comes to investment and the word that persuading people either young or old will come in.

It's all depends on their perspective and level of exposure. There are people that are conservative about investing, they are skeptical of everything which is kind of a good thing but it hinders them from making bold choices. A lot of them regret it later on in life and wish they had invested. People that are open minded who are always open to new ideas tend to invest more. It's a risky way to live but life is a risk. You can't break out of your comfort zone and go higher if risks are not taken. The thing is, while persuading people to invest, young or old, also advice them to be smart about it.

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Parents who have experience in the field of internet investing will find it very easy to understand how Bitcoin works. different from parents who have no experience in any investment field, what they have in mind is buying gold and then saving it. There are always two sides to this question, parents who have worked in a company or government employee (no stranger to the internet) will give their children the freedom to interact directly with the internet.
The development of technology has made some people want their children to be able to take advantage of the opportunities that exist on the internet, Cryptocurrency investment is one of the advantages of technological developments. There is no age limit for learning the things they want to know, including parents who are 70 years old.

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