Is it worth it to teach older people about bitcoin technology? - page 9.

Asuspawer09

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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.

I mean yes for sure it is going to be worth it they actually like Bitcoin technology or they are open to this kind of thing but I guess when it comes to older people it's kinda like they are even harder to convince to this kind of thing I guess it is just because they just already have there own mindset and know already what they need to do so opening their mind or just being open minded to this kind of new thing is going to be difficult for them. Also there are always opportunity in the market so its always open for anybody, its a good time actually since the market drop and we could buy cryptocurrency in a discount.

It is worth making conversation since they already have the capabilities to just jump right on to the cryptocurrency investment or could be the opposite as well so it probably depends on who you're talking to. I mean its a little late actually for them to actually invest because they are already old still they could probably still invest for there next generation but for themself its probably too late since they are already old.

Faisal2202

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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.

That's depend on the definition of older people you are talking about there are not so many octogenarian (80+ year old) here on this forum but there is this one dude I think he is from UK who is an octogenarian (Jet Cash). Point is, we can learn from other people's life. And in my opinion, we should teach them about BTC at least give them some idea of BTC that they know BTC exists.

Then it depends on them either to adopt it or not because just like we have many discussions here before on the topic of either should we teach btc to kids or not and in those discussions we have the same outcomes as of here. Which is:

Teach them but not force them to adopt it because it is their right to praise it or not but manipulating words and not telling them the whole ups and downs like investing etc. just to lure them into this side is not advice able.

n0ne

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It is able to see technology wise interested people among the old ones. This means better the technology taught better will be the goodness from the users happening around. Technology is life changing and majority of the people realise it. Age used to be a constraint that lets them stay away. It is good to identify such people and educate them about the good of bitcoin and the need in the future.

jeraldskie11

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We all know, in my opinion, that youth is the future because they are capable of accomplishing many things in life. However, in terms of investing, it is also worthwhile to teach the elderly about Bitcoin because the majority of them have a lot of money and little time to create profitable businesses. If they learn about Bitcoin and realize how valuable it is as an investment, they will undoubtedly invest in it. They may make money while wasting minimal energy, which is exactly what the elderly desire. Old individuals also contribute to Bitcoin's success.

serjent05

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I am also inclined to think that teaching everyone except kids that suppose to be enjoying their younger days should be informed about Bitcoin. People at their old age have savings that can be used to invest in Bitcoin and give them the opportunity to make their money grow without doing much labor. It is also a positive note for Bitcoin if the funds from these seniors will flow towards Bitcoin, adding liquidity and stability to the Bitcoin market.

Quote from: The Cryptovator on August 18, 2023, 03:55:45 PM

Bitcoin isn't suitable for everyone; if you lack the necessary funds, it might not be the right fit. However, if you're short on funds, you can explore different ways to earn and invest in it. Learning about Bitcoin has no age limit, as both the older and younger generations can grasp its concepts. Older individuals can invest in Bitcoin with sufficient funds, provided they educate themselves thoroughly to avoid future regrets.

True that, bitcoin is not for everyone especially those innocent kids that has been a topic of some threads in this forum. Old people as I stated have savings from their retirement benefits, so they are capable to invest and take advantage of the opportunity the Bitcoin market gives.

taufik123

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Quote from: The Cryptovator on August 18, 2023, 03:55:45 PM

Bitcoin isn't suitable for everyone; if you lack the necessary funds, it might not be the right fit. However, if you're short on funds, you can explore different ways to earn and invest in it. Learning about Bitcoin has no age limit, as both the older and younger generations can grasp its concepts. Older individuals can invest in Bitcoin with sufficient funds, provided they educate themselves thoroughly to avoid future regrets.

What is called regret in the future?
Is it a kind of regret for not investing from the start so that it doesn't provide a good enough income or in terms of missing a train with many passengers?

Seeing how Bitcoin has developed to date, of course, it shouldn't be ignored anymore.
Even today's parents are more enthusiastic about investing their retirement money.

Getting into Bitcoin investing can be a good reason to grow future profits.
It will be an investment in the future and can also be a legacy for their children and grandchildren.

The Cryptovator

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Bitcoin isn't suitable for everyone; if you lack the necessary funds, it might not be the right fit. However, if you're short on funds, you can explore different ways to earn and invest in it. Learning about Bitcoin has no age limit, as both the older and younger generations can grasp its concepts. Older individuals can invest in Bitcoin with sufficient funds, provided they educate themselves thoroughly to avoid future regrets.

TimeTeller

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Quote from: SOKO-DEKE on August 18, 2023, 03:26:41 PM

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.

If Bitcoin is created as an alternative to fiat currency, that shows that everyone can make use of it. So nothing is wrong for anyone of any age to learn about Bitcoin, but the only thing that is wrong is that we should not force anyone to learn about it, so if people of any age are interested in learning about Bitcoin, I will encourage people to teach them. It is not even a good idea not to carry old age and children along with the system, old age can also play a very important role in bitcoin adoption. But the truth is that many old people nowadays are not used to the internet, and when someone tries to teach them, it is always hard for them to understand the development of technology easily.

The good thing about this market is everyone is welcome, and they can learn how to deal or make their first transaction just by self-study online.
There are so many online tutorials now, so if you happen that you don't want to teach anyone, you are not the only source on this market.
This is the advantage of this digital age, you can practically find anything over the net. Just make sure use small funds when you are testing something.
This is why the older generation can always find a way how to learn this market just by hitting the search button. This is no rocket science.
Every user here is important, young or old, as the more people will participate on this market, the better for the demand factor of this crypto market.

SOKO-DEKE

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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.

If Bitcoin is created as an alternative to fiat currency, that shows that everyone can make use of it. So nothing is wrong for anyone of any age to learn about Bitcoin, but the only thing that is wrong is that we should not force anyone to learn about it, so if people of any age are interested in learning about Bitcoin, I will encourage people to teach them. It is not even a good idea not to carry old age and children along with the system, old age can also play a very important role in bitcoin adoption. But the truth is that many old people nowadays are not used to the internet, and when someone tries to teach them, it is always hard for them to understand the development of technology easily.

Stalker22

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Whether it is worthwhile depends on how you define "worthwhile." Personally, I find it worthwhile to educate anyone who is genuinely curious about Bitcoin and cryptocurrencies. Age does not matter, whether they are from a younger or older generation.

But that doesn't mean I am gonna tell anyone to throw their retirement or life savings into Bitcoin. Back where I am from, we have seen plenty of cases where older folks got scammed, thinking they were "investing in cryptocurrencies," and ended up losing big. So, I feel it is important to educate the older generations about crypto, so they don't fall for these scams.

nakamura12

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Teaching someone about the Bitcoin technology is not base on age, it is all about the person if he/she is interested to learn or not. As you hwve known, there are some people who doesn't believe in cryptocurrency which means they are not interested in it. To tell you honestly, there's a forum member here who isn't young but if you ask me about him is that he have some knowledge about crypto that explains he is interested. Before starting teaching them, you must ask them if they are interested or not. It is not a good choice to force people learn about cryptocurrency.

Victorik

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The question is: are these old person in question interested in learning about Bitcoin? If they have the interest, why not? I don't think it's a waste of time. But, if they are not interested in learning, you can't really force it on them.

CryptoHeadlineNews

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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.

If older people can have money/investment saved in the bank and use it conveniently, why do you think they shouldn't be allowed to explode Bitcoin, which is a decentralized digital currency which gives people control over their funds (i.e for those who can learn the basis, such as how to buy, send & receive BTC from others). Because as much as those old people still care about investment and control over funds, then they should be allowed to explore the use of BTC, as BTC itself has no restrictions.

Nheer

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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.

There is no age restriction in bitcoin adoption and anyone regardless of their age can learn about bitcoin. Sorry OP but if you have done a proper research before posting you would have gotten your answers because i can remember sharing my opinion on a similar post made few months ago.

It is not a bad idea to educate elderly people about bitcoin if they express an interest in it, but forcing them to do so would be a grave mistake. Understanding Bitcoin can be challenging due to its complexity, but if they are intelligent enough to do so, I believe it is right to teach them about it. However, you should also warn them about cryptocurrency scams and provide them with the necessary knowledge to avoid being taken advantage of.

The word is advancing in technology and teaching children and old people about bitcoin can come in handy because we might get to a point where using bitcoin will become normal and everyone may begin to transact using bitcoin in place of fiat

milewilda

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Quote from: hatshepsut93 on August 18, 2023, 02:31:45 PM

Bitcoin is not for everyone, it requires its users to have very high standards of online safety, and old people are a typical target for scammers and hackers. So think twice before preaching Bitcoin to an old person - maybe they would put their life savings into it only to lose it to some scam or malware. If this is your relative, you could manage their coins for them.

This is why its really that important that you should really be speaking to them about the risks involved on dealing with crypto.Yes, i do agree that elderly or to those old ones are really that really prone to hacking and being scammed knowing that their senses isnt really that just as good into those people who are young. If you do see that a certain person is really that still capable on doing things then it wont really be that a problem
just always assure that you do lead them on the right way and not really just tending to explain up about its pros and forgetting the cons but if you do see that a certain person is old enough and do really easily do forget things then it would really be just that better that you should know on how to see their situation and skip out if you do see that they arent really that good enough on handling out their money. Better to make them
safe rather than on forcing out other people to know about it and invest and put their money into it. Just let them be but if you do see the opposite then you do have the choice on explaining to them but never ever
make out that kind of guarantees.

hatshepsut93

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Bitcoin is not for everyone, it requires its users to have very high standards of online safety, and old people are a typical target for scammers and hackers. So think twice before preaching Bitcoin to an old person - maybe they would put their life savings into it only to lose it to some scam or malware. If this is your relative, you could manage their coins for them.

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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.

Bitcoin is for everybody interested. The reason why many people are reluctant in teaching the elderly is because most of them don't understand technology. Some of them are not conversant with blockchain or other online investments. The youths are open to learning and embracing innovation. But anybody can learn about Bitcoin if they are interested. We shouldn't restrict Bitcoin education to youth because it is a currency that is for everybody. But I am just visualizing teaching my mother about bitcoin, it will be a hard task. Some of the elderly in my area can't even use ATMs for financial transactions. My mother will learn absolutely nothing about Bitcoin.

Issa56

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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.

I don't see anything bad in older people investing in bitcoin, and I do encourage both young and old people to invest in bitcoin if they have the financial capacity. The old are not really interested in bitcoin just because they know nothing about it, and due to what they do hear in public about it, they already lose interest in it even before knowing what it's really all about. That's why whenever we see any old person that has little interest in bitcoin, we can enlighten them more about it, or whenever we see anyone that we think might be interested in bitcoin, I see no reason why we shouldn't guide them. As long as the older generation can make investments in other sectors, they can definitely invest in bitcoin as well, if any of them are interested.

Wimex

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The question of whether or not it is worth educating older generations about Bitcoin is one that I am sure many would say no to… But I would say that we should not automatically dismiss the idea of educating older people about new technologies financial.. Teaching seniors about Bitcoin can contribute to greater inclusion and understanding of these technologies. As the world moves towards digital, I think it is essential that all generations have at least a basic level of knowledge about current trends and future in the financial field on the other hand, as some commented, older people tend to have a saved capital of their life's work, therefore, they might be interested in diversifying their investments, so providing them with information about Bitcoin and its underlying technology would allow them to make informed decisions about if they want to participate in this constantly evolving market.

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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.

Some elderly don't wanna touch new technology because they're in belief that it's not going to work for them. Like Warren Buffett, we all knew that he's a great investor and talks shit about Bitcoin. Thus, even if someone influential talks and convinces him about Bitcoin. He wouldn't mind to get to know more about it.

But for some that's open on it, then the worth is there. The value is there and you just have to find someone that do have the interest in it. Maybe that's rare for some of the older people but what's the old age for you?

We've got jet here and he's one of the rare people out there that set no boundaries of ages getting on Bitcoin.

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