Is ageing and old people part of bitcoin? - page 9.

darewaller

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Quote from: yhiaali3 on March 12, 2023, 11:38:15 PM

This is relative, some parents are not very old and have a good knowledge of the internet and Bitcoin, others may have become old and unable to deal with these new things.

There is a very important thing that must be paid attention to, the elderly always express doubts and fears about everything that is new, so you always find that when any new invention appears, they are very wary of it and warn their children against dealing with these new things.

So it is not always easy for old people to accept new things.

I think it's not about the age but it's about the education background of our parents. If they are well educated, they are mostly familiar with the new things including Bitcoin because they can also hang out online using their smartphones, pc and laptop. They will also read it in the news on the TV and news papers however if they are extremely aging then that can affect their ability of learning and using a Bitcoin because they can't see properly or unable to move properly. Let's not make them bother about these new things but we shall let them rest. They needed it the most.

Some parents are only over protected about their kids, that is the reason why they are afraid of something they are unfamiliar with but as long as we explain it to them carefully and show them proofs that it wasn't dangerous, we can convinced them to join us as long as they are still capable of doing it.

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My parents are not into Bitcoin at all, neither my uncles and aunts, they are fairly young adults, not even grandfathers or grandmothers.
So I would not expect anyone over 80 years old to be invested in Bitcoin or any other alt-coins, it is a matter of generational differences, those people already struggle sometimes when dealing with common technologies like internet and smartphones, which are used by everyone who has accept to them.

I am sure there must be some exceptions, but as a general rule, I do not see it happening.

AnonBitCoiner

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The parents of 70 and 80 years do not believe that crypto is beneficial because they have no such experience and they believe that just government job is successful as it provides exact income. They work either as a labor or as a government employee they do not have done such activities like crypto trading hence they also Do not allow their children to involve in crypto as they thing there will be just loss.

Individuals of current age is involved in crypto trading and investment because they have taken profit from it and they think it as a source of income and wealth. There are large number of individuals who have no job in current age so in sort of job they find it and that's why it is more acceptable in world.

Crypto trading and investment just needs a little sum of cash and your active mind, it requires nothing more than this.

yhiaali3

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This is relative, some parents are not very old and have a good knowledge of the internet and Bitcoin, others may have become old and unable to deal with these new things.

There is a very important thing that must be paid attention to, the elderly always express doubts and fears about everything that is new, so you always find that when any new invention appears, they are very wary of it and warn their children against dealing with these new things.

So it is not always easy for old people to accept new things.

speedy963

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Quote from: palle11 on March 11, 2023, 02:14:29 PM

Quote from: Godlovesyou on March 11, 2023, 02:01:48 PM

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.

Those parents that are educated knows that the world has changed and modernity has taken over the scheme of things, so their are percentage of old parents that are still going with the new technology. At least computers have been around for a while and the internet likewise is not new. The past experiences should not discourage people to run away from the internet rather sharing experience will make the children wiser.

Quote from: Godlovesyou on March 11, 2023, 02:01:48 PM

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

Before bitcoin and cryptocurrency eleven years ago, there have been other types of trading like forex trading, stock and shares etc so cryptocurrency is just a new comer. Wiser parents eleven years ago are part of early adopters I should think so

Quote from: Godlovesyou on March 11, 2023, 02:01:48 PM

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

Intelligent parents can advise their children that are not of age to stay away from pornography on internet but not against financial independence on the internet.

Absolutely right! Older generations are also aware that the world is changing although it isn't that much felt but after experiencing the pandemic and the sudden change on the norm, it all felt clearly that the changes is leaning towards modernity.

Regarding the crypto related aspect, I should say that it's relatively a challenge to teach older generations and convince them to adopt to it, but only if there is an easier way to explain things such as crypto to them, I'm pretty sure there's not much hassle trying to tell them.

Even if we say that they are aware, not interested, or even hard to keep up with the knowledge, as pace of the changes right now, we could certainly say that it would only took a little bit of time for them to learn if you slowly tell them the basics and the important parts.

Based on my experience, my Grandma, who's 74 years old right now is already aware of the cyber related stuffs like facebook and some offline gaming apps. She even has her own ATM card that we personally made for her, but didn't even bother to use it not unless when she's in the mall. I'm also aware that not everyone is like that, but based on that alone there's a huge possibility that it may not be now but soon more and more old timers would learn the modernity.

blockman

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They're like small kids trying to learn about technology but as kids, they've got no resources. While the aged people, they've got resources but lesser time. IMHO, nothing wrong with them putting themselves into bitcoin as there's no requirement for being aged or a young kid. But their resource like pensions should be spent wisely and they could still be reckless with spending their money which might result in the misallocation of their budget. I want them to understand bitcoin but if it's about their attitude towards investing, I think that there's gonna be a gap with that because you know that our young at heart folks might be intimidated by small volatility upon looking at their portfolio value.

uneng

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Quote from: Godlovesyou on March 11, 2023, 02:01:48 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?

Very few of them are and they are the ones who were ahead in time compared to their own generation, so naturally they are prone to adopt new things their fellows who belong to the same generation aren't. Of course, the regional factor also plays a big role, what means an elder from a country like UK, Germany or USA is much more likely to adopt bitcoin than an elder from third world countries, who have never had any contact with technology and modernity along their lives.

For your second question, the answer will depend on who you are talking about. The old people who are part of bitcoin aren't advising their children to stay away from internet. So there is no inconsistency on this behavior from them.

Frankolala

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Bitcoin was created for all and shouldn't have any age limit because it is a currency. Both the young and old that are willing to embrace bitcoin adoption can do that. I believe that it is only when we die,that we can no longer learn. So I will say for the old people that loves learning and adapting to new innovations, they will happily accept bitcoin awareness.

It is just that so many old people are use to their arcade lifestyle, which is working very hard to earn a living,they buy whatever they need in fiat and receive salaries in fiat. This might make most of them adamant to embrace bitcoin.

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Quote from: Godlovesyou on March 11, 2023, 02:01:48 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

There is no age requirement when it comes to crypto I know some people who are on those year that you've mention, and they are earning pretty well in crypto.
If you are a parent you would also know why most of us are advising our kids to stay away as much as they could to the internet so that they could live a normal life.
We experience a lot of things before the internet we enjoyed our younger years playing and having physical activities not just playing games while sitting the whole day.
We want our kids to have physical activity so that they wouldn't get sick because of being couch potato.

mk4

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While most old people can't — if they can grasp the concept, then why not? Bitcoin is for anyone that understands it and ends up being bullish on it — regardless of age.

P.S. You shouldn't be trying to persuade your grandparents to buy bitcoin/crypto.

Jody.Drummer

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There is no age limit for learning bitcoin, anyone, regardless of their age, is allowed to learn about bitcoin. But around me, not all parents understand this digitalization era, yes, they don't really understand, so even explaining it requires hard work. And yes, many parents now tend to limit their children to the internet more, that's because there really is a bad influence that I don't deny that it does exist, depending on how we use it. But usually parents have a high fear.
I am often asked by older people about cryptocurrency investment and it is very difficult to explain, because most of them prioritize physical forms, such as gold for example, so it is difficult to explain because my thoughts differ from theirs.

Charmekkd

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Investing in bitcoin is of course for everyone and is not measured by age, and of course when it comes to investing in bitcoin, of course there are those who like it and some who don't like it.
Even many young people don't like bitcoin, because they think that investing in bitcoin is very high risk.
so do parents and usually parents prefer to invest in gold.

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Quote from: Godlovesyou on March 11, 2023, 02:01:48 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

There are aged people who are in Bitcoin. I know one of the early members of this forum who is around 70 of age and is invested in cryptocurrency and Bitcoin since 2015. There are also lots of mid adult to seniors who are investing in Bitcoin because they are the one who have established their livelihood and more likely to have extra money to spend. Not because most of the people in this forum are young adult, it means majority of Bitcoin investors and Bitcoin enthusiast are within their age range. Remember those who have the capability to invest are those that have stable jobs and enough savings and it is hard to be seen in teens and young adults aging from 16- 21 yrs. old.

Btw, the internet had been around for too long now and most seniors at the range stated by @OP already knows how to access it.

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Quote from: Wiwo on March 11, 2023, 03:44:48 PM

Bitcoin doesn't have age restrictions and at that, and anyone can use Bitcoin because Bitcoin is an alternative currency and a trans borders payment system with no third-party involvement so anyone who has adequate knowledge can use Bitcoin securely.

-But the only challenge old people may face is the timing because a young person can afford to wait a couple of years for maximum profits, but old people need results asap and won't have the time to wait so they rather deal with businesses thahaveas immediately results such as buying and selling and not long term investment. E

Absolutely right on which there are no age restriction for this, as long you are really that been aware on what are the things around you and able to know the basic concept or definition then
anyone could freely make out engagement and able to learn it out.Bitcoin doesnt really mind nor have those qualifications on whose gonna able to deal with.Its a digital currency on which
everyone could freely access and do own as long you are already aware on what it is.This is why its always been good the early the better on where
young minds should really be getting involved with or really be that aware on its existence.

Wiwo

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Bitcoin doesn't have age restrictions and at that, and anyone can use Bitcoin because Bitcoin is an alternative currency and a trans borders payment system with no third-party involvement so anyone who has adequate knowledge can use Bitcoin securely.

-But the only challenge old people may face is the timing because a young person can afford to wait a couple of years for maximum profits, but old people need results asap and won't have the time to wait so they rather deal with businesses thahaveas immediately results such as buying and selling and not long term investment. E

Cryptomiles1

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First bitcoin is open for everyone to acquire and upon that if you acquired a bitcoin without you telling anyone nobody who willhave the idea you are holding bitcoin, so tell me how would your parents know you have bitcoin without you telling them you've purchase some fractions of bitcoin. Age 80 to 90 are too old for them to still have the activeness to operate around the internet or thinking of investing into cryptocurrency all less they are investing for their children. Though they read news online or being active, any one of such age going into bitcoin are just slowly looking for their death at hand because I don't think they might be able to control their blood pressure (BP) due to the rise and fall bitcoin.

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Before the evolution of bitcoin they were other investments happening on the internet but frankly speaking they were nothing compared to bitcoin because some of them were like a quick rich schemes that ended up scamming people. So I don’t see it strange seeing older generations having the same feelings towards bitcoin, we only need to tell them why bitcoin is different.

As for learned parents I think they are best suited for bitcoin because of their patience in saving and this is key to holding for very long term

palle11

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Quote from: Godlovesyou on March 11, 2023, 02:01:48 PM

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.

Those parents that are educated knows that the world has changed and modernity has taken over the scheme of things, so their are percentage of old parents that are still going with the new technology. At least computers have been around for a while and the internet likewise is not new. The past experiences should not discourage people to run away from the internet rather sharing experience will make the children wiser.

Quote from: Godlovesyou on March 11, 2023, 02:01:48 PM

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

Before bitcoin and cryptocurrency eleven years ago, there have been other types of trading like forex trading, stock and shares etc so cryptocurrency is just a new comer. Wiser parents eleven years ago are part of early adopters I should think so

Quote from: Godlovesyou on March 11, 2023, 02:01:48 PM

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

Intelligent parents can advise their children that are not of age to stay away from pornography on internet but not against financial independence on the internet.

Godlovesyou

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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

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