Is ageing and old people part of bitcoin? - page 6.

retreat

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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

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.

speedy963

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Quote from: Wiwo on March 18, 2023, 05:59:02 PM

To a large extent, I still support the aged to use Bitcoin as an alternative but not as an investment because old people don have the time to wait, and we all know how Bitcoin investment is for the long term, so obviously old people prefer businesses that will yield profits immediately since their time is limited such investment like properties and restaurants that deal daily sale but not some things as volatile as bitcoin who doesn't have a physical representation.

-So I am against the ops from persuading his grand pa to buy Bitcoin, Bitcoin is a knowledge-based investment and old people may not have that motivation to wait.

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.

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Quote from: South Park on March 20, 2023, 04:13:32 PM

Quote from: doomloop on March 20, 2023, 01:46:09 PM

Quote from: Pejoh Asu on March 18, 2023, 06:34:07 AM

Old people of course have deep considerations in terms of finances, because the increasingly difficult economic conditions certainly make anyone wary of the type of investment that will be chosen, if parents are in a comfort zone then they will not invest in high-risk types, gold, land, or stocks are the type of investment that old people usually prefer.

Old people usually lack knowledge of the latest technologies and trends when it comes to investments, so they usually prefer the traditional systems that are old but trusted like gold, stocks, real estate, or anything that has been available for centuries. And they are not basically wrong if they have a mindset like that because they don't easily trust anything.

And if you evaluate properly, old people usually don't fail with their investments because they do a lot of research and analysis before they put their hard-earned money into something, unlike today's generations who don't care much.

That is not the only reason, when it comes to investments young people are encouraged to take more risks as if they were to lose part of their money they still have decades to recover that money from the markets, as they still have a great deal of their lives to look forward, however when it comes to senior citizens they cannot afford to take those risks, as if they lose their money then they simply do not have the time to recover it or they may need to cash out during a bear market, making a very bad idea for them to invest in a volatile asset.

Most of these old people wouldnt really be tending to risks out that much when it comes to investment and since they do have that retirement money then of course they would be deciding that it should really be saved and kept up and would be spend on their retirement life.For sure they wont really be that boggling up themselves on thinking on how they would really be able to make it even more bigger
via investing it out.It is unlikely that they would really be focusing that much on that part but its not bad to share up the opportunity on what cryptocurrency gives.

STT

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Ageing is part of an economy you can measure the growth of a country relative to its working population growth. China for example has a falling working population as do quite a few countries in a western style, this means more dependence on alternatives. BTC represents technology and progression that more economies might come to rely on rather then repeating the mistake of holding FIAT and seeing inflation erode value, typically this is a lesson younger people learn first but BTC can be held in a pension via a few means in theory.

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Quote from: doomloop on March 20, 2023, 01:46:09 PM

Quote from: Pejoh Asu on March 18, 2023, 06:34:07 AM

Old people of course have deep considerations in terms of finances, because the increasingly difficult economic conditions certainly make anyone wary of the type of investment that will be chosen, if parents are in a comfort zone then they will not invest in high-risk types, gold, land, or stocks are the type of investment that old people usually prefer.

Old people usually lack knowledge of the latest technologies and trends when it comes to investments, so they usually prefer the traditional systems that are old but trusted like gold, stocks, real estate, or anything that has been available for centuries. And they are not basically wrong if they have a mindset like that because they don't easily trust anything.

And if you evaluate properly, old people usually don't fail with their investments because they do a lot of research and analysis before they put their hard-earned money into something, unlike today's generations who don't care much.

That is not the only reason, when it comes to investments young people are encouraged to take more risks as if they were to lose part of their money they still have decades to recover that money from the markets, as they still have a great deal of their lives to look forward, however when it comes to senior citizens they cannot afford to take those risks, as if they lose their money then they simply do not have the time to recover it or they may need to cash out during a bear market, making a very bad idea for them to invest in a volatile asset.

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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.

These are part of the reasons why you still hear that general bitcoin adoption and use will take an even more longer time than it to be accepted. Old people in their old age may hear about bitcoins, even accept the idea and concept behind it but will not adopt it for use because most old people in the age range that you have mentioned have little concern for money, they will also have little concern for bitcoins. Before bitcoin will be generally accepted for use, some of us may get really old first, and because we already know about bitcoins from our young age, we will then become the old people who are part of bitcoin.

doomloop

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Quote from: Pejoh Asu on March 18, 2023, 06:34:07 AM

Old people of course have deep considerations in terms of finances, because the increasingly difficult economic conditions certainly make anyone wary of the type of investment that will be chosen, if parents are in a comfort zone then they will not invest in high-risk types, gold, land, or stocks are the type of investment that old people usually prefer.

Old people usually lack knowledge of the latest technologies and trends when it comes to investments, so they usually prefer the traditional systems that are old but trusted like gold, stocks, real estate, or anything that has been available for centuries. And they are not basically wrong if they have a mindset like that because they don't easily trust anything.

And if you evaluate properly, old people usually don't fail with their investments because they do a lot of research and analysis before they put their hard-earned money into something, unlike today's generations who don't care much.

ginsan

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Example: So what if you are 50 years old and you live in El Salvador do you have to learn about BITCOIN (of course the answer is that you are obliged to learn about how to use Bitcoin because btc has been legally recognized by the state as a currency that you can use in buying anything)

so in this context I believe people aged 40-60 will continue to study bitcoin either in investing or knowing it in the realm of a future asset that is good enough to own.

in my country even I see people who are old want to learn about bitcoin and they are also interested in becoming bitcoin as a long term investment.

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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?

I do not think so, not as a general population. Of course there could be some old people who joined, I know 70+ year old people who have tiny bit of bitcoin "just in case", not big amounts but they already saved a lot until that age so putting like 5k is nothing to that, so I understand the logic.

But that is rare and we do not see too many 70+ year olds do something like that. I believe that we will probably end up seeing people join at earlier age, and in 20-30 year time we will see plenty more 70+ year old people who will have bitcoin because todays 40-50 year olds will become 70 year old, and they will participate more and in 50 years there will be tens of millions of 70+ year olds with bitcoin. But for now, they are not joining.

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To a large extent, I still support the aged to use Bitcoin as an alternative but not as an investment because old people don have the time to wait, and we all know how Bitcoin investment is for the long term, so obviously old people prefer businesses that will yield profits immediately since their time is limited such investment like properties and restaurants that deal daily sale but not some things as volatile as bitcoin who doesn't have a physical representation.

-So I am against the ops from persuading his grand pa to buy Bitcoin, Bitcoin is a knowledge-based investment and old people may not have that motivation to wait.

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Actually, if you look at it from another point of view, parents who really know that their current situation is quite different from before, they won't say things like this.
Indeed, in today's conditions the Internet is something that does have difficult conditions because apart from the positive things of course there are also negative things so banning is also not a good reason, it's just that when giving access we also have to provide more insight to children about the dangers of the Internet, that is is the job of the parents. The problem with banning it is because they themselves don't understand how to control themselves on the Internet so it's quite natural for them to ban it even though it can be said that it's not quite right in my opinion.

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Quote from: Pejoh Asu on March 18, 2023, 06:34:07 AM

Old people of course have deep considerations in terms of finances, because the increasingly difficult economic conditions certainly make anyone wary of the type of investment that will be chosen, if parents are in a comfort zone then they will not invest in high-risk types, gold, land, or stocks are the type of investment that old people usually prefer.

I believe about some, but can't generalize about all of them. I mean, there are a lot of older people who could still consider a high risk asset like bitcoin if they were people who were used to the stock market or something.

In general, many parents may not consider assets with high volatility for their investment because they tend to expect low volatility. But again, it just depends on his experience and knowledge so far. To learn is also possible, but I don't expect them to learn much about bitcoin in their old age. I tend to wish they cared more about their health than bitcoin, but this is just my wish for my parents.

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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

Your angle of this post I guess is coming from the view of the Africa parents of the given range and no offense here as am African too but I don't see this age factor to a barrier in well developed country of Western world for example let's say Switzerland or lugano to be precise, the adoption and use of bitcoin there is massive as you can actually buy yourself some cup of coffee through a bitcoin transaction and its widely use by all the different age group from the little children to adults, even the mayor of lugano uses bitcoin and one thing again is how the particular society see bitcoin if bitcoin is welcomed in any country I don't see age as a factor to old folks wanting to use bitcoin technology. I always transact bitcoin with my uncle of about the age of 76-78 and he is well equip on the knowledge of it, I was even surprise at first when we actually tried it out but he was the one who actually told me I can send him cash as bitcoin.

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Quote from: Kelvinid on March 17, 2023, 05:53:04 PM

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

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

No age restrictions have been imposed from holding/investing Bitcoin as everyone is very welcome in crypto. As long as that person can understand the risk and what they have done, there is no problem. Talking about oldies, might be hard for them to use gadgets and that was a problem for them which gives a reason why they decline this kind of opportunity which also I believe was a valid reason. Honestly, we can't urge anyone to be a part of crypto if that person is not capable enough.

Bitcoin can be held by anyone as long as they can understand the risks, especially now that more and more developers are making things easy, trust wallets give us very easy access and can be used by old people, but I suggest giving information to other children or families because when it dies and no one knows it will disappear.

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Old people of course have deep considerations in terms of finances, because the increasingly difficult economic conditions certainly make anyone wary of the type of investment that will be chosen, if parents are in a comfort zone then they will not invest in high-risk types, gold, land, or stocks are the type of investment that old people usually prefer.

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Quote from: Lubang Bawah on March 17, 2023, 12:14:42 AM

I don't think there is anything difficult with bitcoin, as long as people can use Android or PC then they can invest in bitcoin even though they are old, when I go to the stock exchange there are many old people sitting in wheelchairs and looking serious looking at the portfolio received, of course bitcoin it's easier and you don't need to come to any office and as long as there is an internet connection, everything becomes very easy.

Older people can still invest in Bitcoin as long as their eyes can see more clearly or before their eyes become myopic. Because investing in Bitcoin actually doesn't look at how old or younger someone is, but as long as someone is able to understand it and also live it well without complaining under any circumstances. Anyone can invest in Bitcoin and it is certain that he has enough knowledge and knows the level of risk before doing this.

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Quote from: Kelvinid on March 17, 2023, 05:53:04 PM

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

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

No age restrictions have been imposed from holding/investing Bitcoin as everyone is very welcome in crypto. As long as that person can understand the risk and what they have done, there is no problem. Talking about oldies, might be hard for them to use gadgets and that was a problem for them which gives a reason why they decline this kind of opportunity which also I believe was a valid reason. Honestly, we can't urge anyone to be a part of crypto if that person is not capable enough.

Urging someone to use or invest in bitcoin is not a good way, because it is an option for everyone. Older people, of course, have to get clear knowledge about what bitcoin and crypto are, it's not easy to explain to parents who don't understand about investing in bitcoin. If we find parents who have an open mind they will be easier to direct and explain what crypto and bitcoin are. Regarding the use of gadgets, some parents are even proficient at using gadgets at this time.

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

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

No age restrictions have been imposed from holding/investing Bitcoin as everyone is very welcome in crypto. As long as that person can understand the risk and what they have done, there is no problem. Talking about oldies, might be hard for them to use gadgets and that was a problem for them which gives a reason why they decline this kind of opportunity which also I believe was a valid reason. Honestly, we can't urge anyone to be a part of crypto if that person is not capable enough.

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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

Bitcoin investment is encouraged for everyone to take part in it, excep children under the age of 12 or 18 according to the laws and regulations of that particular country.

Personally, I would not allow my parents who are above 80years to involve in Bitcoin. Bitcoin has some things that are technical and if given to aged people it will rather stress them rather than allow them enjoy their retirement.

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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?

No one is restricting someone from learning about Bitcoin, no matter how old they are, if they still have good thinking skills and can still think openly and want to learn, of course there is no problem.
But unfortunately sometimes some people who have entered old age will experience a decline in their thinking and physical abilities.

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

Do you think our ageing parents are into crypto investment or trading?

Older people who have stepped on 70 years and over is not the time for them to always think about profit. they just enjoy the rest of their life relaxing because if they think too much about something it will not be good for their health.

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

If they're probably into crypto why are some of them advising their children to diseased from internet?

They advise their children that this is very reasonable because when we access the internet we are not only presented with goodness, there are also many negative things on the internet, right?
But there are also many parents or elderly people who support their children's activities on the internet if it's a positive thing and can help to get financial benefits.

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