Is it worth it to teach older people about bitcoin technology? - page 2.

bayu7adi

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Quote from: MFahad on August 25, 2023, 01:16:32 PM

Old generation does not believe on new technologies and they work for those technologies which were used by their parents and follow that path always.

Yet, there are at least a few older generations who possess an open mindset towards the evolution of time. We all grasp that prosperous individuals consistently adapt themselves to this technological era. Hence, there remains a possibility that wealthy older generations might venture into the realm of novel technologies. Although I perceive this likelihood to be slim.

Nonetheless, their wealth wields influence and has the power to reshape whatever they desire. It's entirely reasonable to hold hope for the older generation, who have amassed a wealth of life experiences.

MFahad

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You can share your idea with older generation and its up to them that how they react according to it. It it seems profitable for them then they will accept it easily otherwise you will teach them again and again but they will never accept because the decision of older people is firm and they cannot change it easily.

I think older generation have more experience than us and they can understand the things more easily so we cannot blame them because may be in their opinion there is some other investment opportunities which are more better than cryptocurrency.

Old generation does not believe on new technologies and they work for those technologies which were used by their parents and follow that path always.

spectre71

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Bitcoin is a TERRIBLE choice for anyone nearing or in retirement. You simply don't have the time or income to recover. I think a number of no more than 5% of portfolio tops on a good day. If it gets rowdy and jumps up move the money into more secure positions. I have alot of friends who lost their asses on "sure things" in retirement. I had a friend go into retirement from an airline and he had his investments in the airline too, company man. Company folded along with his pension and stock. Don't get greedy in retirement portfolios as you age, ever.

If you young sure play with it, don't make it you only thing.

WillyAp

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Quote from: fuguebtc on August 25, 2023, 03:59:21 AM

Not only old people but even young people or anyone, if they really don't like to invest in bitcoin then we shouldn't force them. In my opinion, as long as anyone is interested and willing to invest in bitcoin, we should recommend it to them, there is no distinction between rich and poor, old or young when it comes to bitcoin.

The times that you became rich over Bitcoin is long gone. Wake up.
With 26.000 invested in a shop, with 20 000 put in marketing, gets you a higher chance for better return.

fuguebtc

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Quote from: suzanne5223 on August 24, 2023, 06:44:41 PM

Quote from: Raflesia on August 24, 2023, 04:00:14 PM

Quote from: Viscore on August 24, 2023, 03:54:56 PM

It’s like we are talking of our parents here. I don’t think they’re worthless to teach because first, they’re capable to invest because they have stable income. And second, they don’t have to dwell deeply in bitcoin. As long as they’ll understand the basics about bitcoin, and how to invest in it with patience because it’s a long term investment, then for sure they won’t keep losing either. Bitcoin as a currency will be easier to taught by then once they’ll be exposed about bitcoin as an investment first.

I think when it comes down to it and the context is learning then it's not wrong to teach older people about bitcoin because at the end of the day it's not leading them to investment but just teaching regardless of whether they're going to be here or not that's for them to decide for themselves.
Remember, bitcoin has no limits and anyone who wants to learn then do it because it is individual freedom even in this case we also have many parents who are even older than we imagine to be in bitcoin and in this forum there are also some people who are even older but can still contribute and discuss about renewable technology such as bitcoin which is very worthy of appreciation.

Bitcoin is for everybody and does not have an age boundary. However, older people shouldn't be forced to invest in Bitcoin. In the UK there are a lot of older cryptocurrency investors who invested in their retirement funds but later became a victim of crypto scammers, if they were taught about the safety aspect or how to secure their investment in BTC I believe they won't be victims of crypto scammer.

Not only old people but even young people or anyone, if they really don't like to invest in bitcoin then we shouldn't force them. In my opinion, as long as anyone is interested and willing to invest in bitcoin, we should recommend it to them, there is no distinction between rich and poor, old or young when it comes to bitcoin.

But the elders have an age barrier as bitcoin is not a get-rich-quick investment and it takes a long time to generate returns. So we need to explain clearly and emphasize for them to understand.

dothebeats

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Quote from: Peanutswar on August 24, 2023, 06:55:53 PM

If they are willing to risk some people or the older doesn't want this kind of changes they want to stick to the things they grow with some of them of course afraid to lose their savings with hard earn through the work but if they are willing to risk there's no age limit in investment with cryptocurrency so if they have an extra income and would like to risk what they have teach them so you can have an exchange of ideas to make both of you benefits to the crypto.

I agree. It's not about the age but the willingness of the person. No matter how old they are, if they are not willing and are really closed off about Bitcoin then that is already a resounding answer. However, even if they are old, young, a teenager or a retiring adult but you are willing and very invested to learn about Bitcoin then that's it, no need for other factors.

Peanutswar

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If they are willing to risk some people or the older doesn't want this kind of changes they want to stick to the things they grow with some of them of course afraid to lose their savings with hard earn through the work but if they are willing to risk there's no age limit in investment with cryptocurrency so if they have an extra income and would like to risk what they have teach them so you can have an exchange of ideas to make both of you benefits to the crypto.

suzanne5223

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Quote from: Raflesia on August 24, 2023, 04:00:14 PM

Quote from: Viscore on August 24, 2023, 03:54:56 PM

It’s like we are talking of our parents here. I don’t think they’re worthless to teach because first, they’re capable to invest because they have stable income. And second, they don’t have to dwell deeply in bitcoin. As long as they’ll understand the basics about bitcoin, and how to invest in it with patience because it’s a long term investment, then for sure they won’t keep losing either. Bitcoin as a currency will be easier to taught by then once they’ll be exposed about bitcoin as an investment first.

I think when it comes down to it and the context is learning then it's not wrong to teach older people about bitcoin because at the end of the day it's not leading them to investment but just teaching regardless of whether they're going to be here or not that's for them to decide for themselves.
Remember, bitcoin has no limits and anyone who wants to learn then do it because it is individual freedom even in this case we also have many parents who are even older than we imagine to be in bitcoin and in this forum there are also some people who are even older but can still contribute and discuss about renewable technology such as bitcoin which is very worthy of appreciation.

Bitcoin is for everybody and does not have an age boundary. However, older people shouldn't be forced to invest in Bitcoin. In the UK there are a lot of older cryptocurrency investors who invested in their retirement funds but later became a victim of crypto scammers, if they were taught about the safety aspect or how to secure their investment in BTC I believe they won't be victims of crypto scammer.

spectre71

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Quote from: Svoboda1 on August 24, 2023, 02:18:42 PM

Quote from: ?? on ??

Well older people have the money, prolly want to invite them to the game!

Yes, but most of that money is invested in paywalled accounts like a 401k, pension, etc.

This is why the Spot ETFs are important. They are product market fit for the trillions boomers are sitting on.

Wrong

famososMuertos

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Quote from: Agbamoni on August 18, 2023, 12:02:21 PM

Bitcoin has captured the center of attention, especially with the younger generations showing keen interest in it. Yet, there are those who believe that teaching older individuals about it might not be a wise investment of time. However, we must ponder: does it carry value? This conversation revolves around the question of whether it's worthwhile to educate older generations about bitcoin.

Seriously! Any effort of the type to help another is always worth it.

On the other hand, the elderly, who we could well say are around 55+ years of age, are quite prepared to address any technological situation that arises, I think that this stage of the 80s, 90s were quite brilliant in technologies and you can see how they have been easily adopted, to the day of all the technological growth that we live.

It is a myth, to believe that older people do not understand bitcoin, perhaps they do not share the idea of decentralization, but you have to understand that if you have spent 50 years in a traditional method, change is not easy.

Hence, understanding bitcoin is easy, It is accepting that you have to make a radical change in the management of your assets, that is why we have so many people in centralized exchanges, that is not understanding bitcoin.

#TBT topic

Humblevirus

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Quote from: Agbamoni on August 18, 2023, 12:02:21 PM

Bitcoin has captured the center of attention, especially with the younger generations showing keen interest in it. Yet, there are those who believe that teaching older individuals about it might not be a wise investment of time. However, we must ponder: does it carry value? This conversation revolves around the question of whether it's worthwhile to educate older generations about bitcoin.

Everyone can use bitcoin, regardless of age, gender, or sexual orientation, depending on their interests. This makes it possible for everyone to learn about Bitcoin and its blockchain technology. I think getting older people involved in the cryptocurrency sector will significantly boost the rate of adoption of Bitcoin. Let's remember that Bitcoin was developed as an alternative to fiat currency, not as a vehicle for investment, therefore if elderly people are making purchases, I think Bitcoin will be extremely helpful to them. As a result, we need to bring them along so they can also utilize it.

Raflesia

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Quote from: Viscore on August 24, 2023, 03:54:56 PM

It’s like we are talking of our parents here. I don’t think they’re worthless to teach because first, they’re capable to invest because they have stable income. And second, they don’t have to dwell deeply in bitcoin. As long as they’ll understand the basics about bitcoin, and how to invest in it with patience because it’s a long term investment, then for sure they won’t keep losing either. Bitcoin as a currency will be easier to taught by then once they’ll be exposed about bitcoin as an investment first.

I think when it comes down to it and the context is learning then it's not wrong to teach older people about bitcoin because at the end of the day it's not leading them to investment but just teaching regardless of whether they're going to be here or not that's for them to decide for themselves.
Remember, bitcoin has no limits and anyone who wants to learn then do it because it is individual freedom even in this case we also have many parents who are even older than we imagine to be in bitcoin and in this forum there are also some people who are even older but can still contribute and discuss about renewable technology such as bitcoin which is very worthy of appreciation.

Viscore

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It’s like we are talking of our parents here. I don’t think they’re worthless to teach because first, they’re capable to invest because they have stable income. And second, they don’t have to dwell deeply in bitcoin. As long as they’ll understand the basics about bitcoin, and how to invest in it with patience because it’s a long term investment, then for sure they won’t keep losing either. Bitcoin as a currency will be easier to taught by then once they’ll be exposed about bitcoin as an investment first.

Svoboda1

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Quote from: ?? on ??

Well older people have the money, prolly want to invite them to the game!

Yes, but most of that money is invested in paywalled accounts like a 401k, pension, etc.

This is why the Spot ETFs are important. They are product market fit for the trillions boomers are sitting on.

bayu7adi

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dont be greedy

Quote from: ?? on ??

Well older people have the money, prolly want to invite them to the game!

Moreover, they won't just confine themselves to this space, but their potential to amplify the prowess of the crypto realm will only grow stronger. It takes resources, at the very least, to promote Bitcoin through diverse means. And truth be told, parents do indeed possess those resources.

I'm highly convinced that you won't feel any regret once you manage to persuade your parents to delve into crypto. Skip the talk about trading gains, instead focus on the potential for adopting cryptographic technology or other aspects. That's when the positive vibes will tag along with you.

Blitzboy

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Quote from: Lanatsa on August 23, 2023, 04:57:36 PM

Quote from: Finestream on August 23, 2023, 04:51:31 PM

Well everyone deserves to learn about bitcoin regardless of its age and condition. It does not matter whether you’re inclined or not in technology, but as long as you’ll gain basic ideas from bitcoin, I think that will still be useful in the future. Remember that bitcoin could be our future so it’s an advantage if we learn bitcoin today so we can make use of it as early as now. And older people are not an exception. They can be late in their age, but with bitcoin there’s no early or late, you’re just in time to learn about bitcoin.

True,how the hell someone would really be having that kind of restriction about a certain age for someone to be able to know about Bitcoin or in overall crypto space? There's no such thing about age restriction or requirement and just like you do say that everyone deserves to learn but it would be eventually be depending on some factors because these aged people wont really be that mindful about on things that happening recently but rather they would be mindful on things which are supposed to be that in their standard way of living or things that they do know. Opening up some new opportunities or changes wont really be a bad thing but of course not all would really be that accepting this new type of idea or whatsoever we do call about Bitcoin.

Also, i do understand on why some people would really be that skeptical on making out explanations on elderly because of having that slow process or understanding on how this new tech works
but simply speaking about the basic principles and ideas then it wont really be that something that too technical to understand which i do believe that they could easily be able to adopt.

Age is not, and should never be, a deterrent for understanding concepts as groundbreaking as Bitcoin.

Yes, the elderly might have a different perspective on life due to their vast experience. Still, to outright dismiss their ability to grasp technological advances is not just shortsighted but an affront to the human intellect. These are the same individuals who've witnessed transformations from telegrams to instant messaging, from analog televisions to smart ones. And you think Bitcoin is too much for them?

Furthermore, the onus falls on us, the crypto enthusiasts, to elucidate this brave new world in a language that resonates with them. If they're skeptical, it's merely because they've not been introduced to it in a manner they can relate to. We talk about the future of money here. If Bitcoin is indeed the revolution we claim it to be, shouldn't it be accessible to all?

Smartvirus

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Quote from: Agbamoni on August 18, 2023, 12:02:21 PM

One thing the OP failed to point out is, the age range being referred to as old and even with that, it’s of great importance that the old or aged persons be thought what is and how to use bitcoin. This might not be for the purpose of them having to invest but to secure them from the dangers logging around on the internet.

We all know how scammers prioritize or centers their scam schemes on the old, they prey on them for their fading senses and ignorance to the science around us. Hence, an aged individual with an internet enabled device is a dangerous person to himself or herself.

This backs the reason why you need to sensitize them if they are still capable of comprehension, what is and what ought to be. To protect them from those who might want to prey on any ignorance in their continued existence. There isn’t any limitation to knowledge except where you place it.

Lanatsa

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Quote from: Finestream on August 23, 2023, 04:51:31 PM

Well everyone deserves to learn about bitcoin regardless of its age and condition. It does not matter whether you’re inclined or not in technology, but as long as you’ll gain basic ideas from bitcoin, I think that will still be useful in the future. Remember that bitcoin could be our future so it’s an advantage if we learn bitcoin today so we can make use of it as early as now. And older people are not an exception. They can be late in their age, but with bitcoin there’s no early or late, you’re just in time to learn about bitcoin.

True,how the hell someone would really be having that kind of restriction about a certain age for someone to be able to know about Bitcoin or in overall crypto space? There's no such thing about age restriction or requirement and just like you do say that everyone deserves to learn but it would be eventually be depending on some factors because these aged people wont really be that mindful about on things that happening recently but rather they would be mindful on things which are supposed to be that in their standard way of living or things that they do know. Opening up some new opportunities or changes wont really be a bad thing but of course not all would really be that accepting this new type of idea or whatsoever we do call about Bitcoin.

Also, i do understand on why some people would really be that skeptical on making out explanations on elderly because of having that slow process or understanding on how this new tech works
but simply speaking about the basic principles and ideas then it wont really be that something that too technical to understand which i do believe that they could easily be able to adopt.

Finestream

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Well everyone deserves to learn about bitcoin regardless of its age and condition. It does not matter whether you’re inclined or not in technology, but as long as you’ll gain basic ideas from bitcoin, I think that will still be useful in the future. Remember that bitcoin could be our future so it’s an advantage if we learn bitcoin today so we can make use of it as early as now. And older people are not an exception. They can be late in their age, but with bitcoin there’s no early or late, you’re just in time to learn about bitcoin.

Promocodeudo

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Bitcoin is a center of attraction now, to me, it doesn't matter who is involved, what matters is the individual interest, the interested audience should be carried along, but on contrary the younger generation should be the most target ones, because Bitcoin is a technology that needs sustainability, the future of this digital information and asset will perfectly be guaranteed, if the younger ones are been introduced to the system. But in all everyone is needed, because the more popular it becomes, the more investors it attracts.

Topic: Is it worth it to teach older people about bitcoin technology? - page 2. (Read 1136 times)