Topic: Why I like to learn and use bitcoin - page 10. (Read 2405 times)

Yes, I do believe that bitcoin gives is freedom in finance since there is no central body that controls it. But let us be wary also that this independence that bitcoin provides might be a reason why the government would look more down into it.
Bitcoin is a very volatile asset, it can give you a huge profit same as huge loss. But now? I don't see a disaster coming to bitcoin for good.
Cryptography is secured, no one can steal your bitcoin unless you are careless enough to broadcast your private keys. Also the exchanges, we've been encountered a lot of security breaching before, the crypto is secured, what's not totally secured are the services around.
With being pseudonymous, privacy is better through the blockchain.

For security reasons, government should be looking to everyone of us, just consider the fact that we should be moving according to law.

If we want to provide education, we should have a strong knowledge base and experience. If we don't have that then we cannot provide information and education appropriately. Especially if we can not prove the results or real profits, it could be only considered nonsense and gibberish.

Indeed there is no age limit for learning. As long as there is a willingness, supporting facilities and infrastructure, anyone can learn and try to benefit from cryptocurrency.

Good use of analogy there OP, but we can take note that we don't need to learn anything everything in order to spread the word about bitcoin. It is just like using a computer, many people use it without even understanding the underlying hardware on how things work inside of it. It is the same as what you called "Abstraction".

On the other hand, you have an edge if you know more about a computer, just like in bitcoin, you can explain it very well even to old people and I think it should be the main thing we, cryptocurrency enthusiast should do if we really want bitcoin to take over the world.

I do think Bitcoins gives you :

Independence
Possibility of earning better than any other investment
Security
Privacy

Unfortunately the governmental bodies fail to recognize the fact that , they should give their citizens privacy when it comes to their hard earned money . They are literally tracking everyone through KYC .

Now they are trying to control the cryptocurrencies too .

What Bitcoins gives it's user is unmatched. It is a sense of security that they really own what they earn which I do think any person owning Fiat won't be able to experience.

BTC has set the price for the entire cryptocurrency market and this has been since the day it emerged back in 2009. BTC has transformed the way we think about technology and finance today and has paved the way to blockchain technology now the biggest disrupter ever - thought to be even more so than the internet of things. These are a few of my thoughts how BTC and the crypto industry has come together and transformed our everyday lives. And as mentioned above it provides a chance for people to better themselves financially as well as culturally.

Bitcoin is the best cryptocurrency in the market .You an easily learn from it by the trading practise of buying and selling the coin and deep analysis of the price of bitcoin from the year of the his existence. My favourite crypto is bitcoin, Eth,Neo ,litecoin and I am holding this coin from long and waiting for my profit from it. In some countries, crypto debit cards are in practise.

Regarding this idea, I'm quite agreeing with this but at the same time disagreeing . I will say my opinions in both sides

I agree because it will help the cryptocurrency in general. As you are spreading, more and more people will be curious on it and will make a research to it and now that online transactions are being used globally because of the pandemic I think that many people will try to use crypto as an alternative way of paying online.

On the other hand as more and more people are losing jobs worldwide, people are holding on to their cash and that would be better for them if I will be asked. This is because not all establishments are accepting it. Spreading the gospel like you said but the people doesn't have any money to invest into it. Either way, it is still good that you opened it to them.

There might be no boundaries to learn it but there is difficulty to make them listen.

For our elders who are still with us, it will always be the traditional fiat which comes first.
That is why it is difficult to have a discussion with them. But some of them listen.

For middle age, the combined fiat and digital money. Some of them do use cryptocurrencies.

Maybe it is our young one's which we could pursue more since they might be also the ones who will use this in the future.
It could be a difficult task but with perseverance can be achieved.
Social media will be a lot of help since they were attached to it.

You touched on one very interesting question, but we should still put some things in place before we move on. When you talk about older people (over 60), several factors that significantly affect how they perceive new technologies should be considered. I think it's the first and basic level of education, because if you start explaining to people who have never used a computer what Bitcoin is, you won't get very far. The second factor is something we can call the age factor, and it would refer to the fact that in some countries people at that age are still actively involved in society, while in some other countries people are already dying at that age (due to poor living standards, very difficult working conditions ...). When we look at Bitcoin as a unique idea that is in stark contrast to what these people have believed in all their lives, then it is not just a question of technology, but of habits and beliefs.


I agree that some older people understand new technologies like Bitcoin much better than some younger ones, but even if they manage to understand everything, how do you explain the problem of volatility to them? Personally, I would not want someone to suffer a heart attack because they lost 60% of their investment overnight, for which there is a great possibility when it comes to the elderly. Bitcoin is available to everyone regardless of age, but the question is how much older people are interested in changing their life habits.

Never too late to learn new things. Before I have experienced using computer not having any internet. No cellphones. People adapts to whar will be more convenient to them. Nowadays, I see old people enjoying social media and it is great.
Time will come that cryptocurrencies will be shared by many. Yet still we should consider that today, we have that freedom to use it.

I agree at some point, but majority who have the power to establish a business, campaign, and institution is from older people.  They have the means to spend something big, unlike majority of the younger generation who is just starting to build up their career.  That is why, to have a strong foundation, we need all generations to unite and start believing and using Bitcoin. And as far as I know, only stubborn old people stick to what they are familiar with, but there are those who are open-minded and ready to embrace changes and evolution of technology.

Forget about trying to promote Bitcoin to older people.Focus on the younger generation.After all,Bitcoin is going to be the currency of the future.We keep repeating this mantra in the forum,why don't we just make it happen.Old people are very conservative about anything,they stick to what they are familiar with.
Young people are more liberal,open minded and tech savvy.The young generation of new "bitcoiners" is going to start making more money and invest their savings into digital assets and currencies like Bitcoin.

Indeed, that is what I am saying, there must be a driving factor for people to learn Bitcoin.  If you have not received a payout, do you think you will continue your journey on cryptocurrency?  In order for us to get motivated, there should be something that will give us satisfaction.  That is either knowledge, interest, or financial profit.  

For older people, the easiest way I think is through financial gain.  But I, think that is one of the hardest because of the high volatility of BTC and the huge possibility of failure due to the lack of market knowledge in the early days of joining the industry.



I think Bitcoin had already experienced a critical bug in its protocol which is stated here: Bitcoin History Part 10: The 184 Billion BTC Bug

Bitcoin existed for only 10 years, and it didn't face too much adversity so far, so any claims that Bitcoin is indestructible are purely theoretical. Bitcoin didn't witness a nuclear war, a mass extinction, an alien attack, a global ban by governments, a 51% attack, a critical bug in its protocol and lots of other threats. And however small it might be right now, there's always a chance Bitcoin will get replaced by a different coin or a whole new tech.

P.S. you have posted a link to Roger Ver's bitcoin.com website, which is an anti-Bitcoin platform that scams people by claiming that their shitcoin bcash is the real Bitcoin. Don't do this.

Of course we need to learn about bitcoin or cryptocurrency in general to understands it's importance in our life and economy and to know it's features and how to use it. More people did not understand bitcoin in just one story or news,they need something to learn more. We need to learn how to use bitcoin wisely because we all know that bitcoin is risky and volatile. There's a lot of things we need to know about it.

When I enter this crypto world I dont have any idea what I am going to do and what benefits that I can get in joining here but I got interested even more when I got my first pay out. I dont have any idea about bitcoin or even the block chain but I studied and make some research in order for me to gain knowledge about these things. Look at me now I learned a lot because of my research and now I am sharing my learnings to the newbies to help them learn more about crypto world.

Teaching older people to use bitcoin is not easy because they will not just think that they are too old to learn new things, but they will also hard to accept new things. I already tell my uncle about bitcoin, and I tried to teach them, but they don't want to know more about bitcoin, and they prefer to stay with the transaction that they make in the banks. But I don't know about the other older people because I don't try to search for the other, and I prefer to let them search what they want.

We cannot force them to learn something, especially new things, but if they need to find out, they will come to us, and in that time, we can tell and teach them slowly, until they can understand the point. Let them feel that they really need that new thing, and they will come to us. I agree with you about "if they need it, they will do it".

No offense but your statement made me confused.  If I understand it right, you mean we to learn bitcoin first before using it?  Isn't that the basic thing on all kinds of stuff?  the thing here is, what will trigger my interest to learn Bitcoin?  

People, as we know always have this in their mind, "What is my gain on using this stuff".  So Bitcoin must answer this kind of question.  Bitcoin must also show that it is better than the currently existing system, aside from the propaganda of "controlling our own bank". People have needs, desires, and dreams and if Bitcoin will give way to the fulfillment of these things (not a fake hope)  the people will desire to learn Bitcoin and transact with it.

To be honest I wouldn't recommend an old man to use bitcoin. First of all, a great majority of them can barely use applications on a smartphone. I certainly don't want an elder to misspell a bitcoin address and send his pension to a void address.  I think this is a great use case though. If someone could build an app specifically designed for old people with simplicity in mind and guidance - I'm sure it would be a hit.

I really love learning new things, and im so glad that one of my friends taught me how to use Bitcoin, she shared me her knowledge in this crypto currency.  And it's all up to you how you'll grow and learn strategic ways on how to earn your profit. Just keep on searching and learn in every way.