Young people will drive Bitcoin adoption more than the older generation. - page 11.

glowing10

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Quote from: BagzMM on November 13, 2018, 05:46:01 AM

I think it is yes, young people will drive Bitcoin adoption more than the elder generation. Maybe it has something to do when it comes to technology,it is the younger ones that has more patience on surfing or searching on the internet.

Their is no doubt about it that coming generation will be more adaptable to the technology and its uses and crypto currency being the digital will be more used in coming years. Also in coming years many places in small villages where their is no electricity or internet that will also improve so people will make use of this technology as well.

Kakmakr

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Quote from: hatshepsut93 on November 13, 2018, 08:01:41 PM

Well, it's pretty obvious that young people are the ones who pick up new things most quickly, while old people tend to be very conservative. As people age, they tend to get scared of learning for some reason....

You touched on something that I left out, because older people have preconceived ideas on things that they have learned from previous experience, they will be hesitant to learn new things.

Quote from: mary0919 on November 13, 2018, 10:31:13 PM

Quote from: Kakmakr on November 13, 2018, 02:57:22 AM

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You are correct most of the young generation now are very aggresive in crypto business because they are already been exposed to the new technology and always get updated and adopting what is the latest. I have kids and I have taught them about cryptocurrency and you know what I have not felt hard to teach them because they are fast learner and can understand and are now effectively doing the things that I want them to do. They have done their own research and they got the right thing.

Younger people are like sponges for information, because they are open to new ideas. Older people tend to block new ideas, because they think they have seen and experienced it all before. My kids are also teaching me new things every day and I rate myself as being one of the more experienced "older" people. Roll Eyes

mary0919

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Quote from: Kakmakr on November 13, 2018, 02:57:22 AM

We know that younger people these days are used to everything being faster and more efficient, because they have been exposed to technological innovation from their birth.

The younger people entered this world at a much faster pace than the older generation and they are being bombarded with choices like no generation before them. They are also used to instant gratification, because technology has enabled a world where things happens almost instantaneously.

Bitcoin is just another technology where things are done more efficiently and much faster than the traditional options available and the younger generation are drawn to these technologies, like a moth to a flame.

Bitcoin should be applied to all services where there are a need for more speed and efficiency, to draw in the younger generation that are constantly searching for that.

Do you agree? Let's discuss this and see if we can target the correct demographic with this technology. Cool

You are correct most of the young generation now are very aggresive in crypto business because they are already been exposed to the new technology and always get updated and adopting what is the latest. I have kids and I have taught them about cryptocurrency and you know what I have not felt hard to teach them because they are fast learner and can understand and are now effectively doing the things that I want them to do. They have done their own research and they got the right thing.

hatshepsut93

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Well, it's pretty obvious that young people are the ones who pick up new things most quickly, while old people tend to be very conservative. As people age, they tend to get scared of learning for some reason - maybe they just think that they already know everything and also there are biological factors.
Using Bitcoin is actually quite hard, I'd say more than 90% of the population will make mistakes if they'll try - they'll leave coins on exchange, download a fake malicious wallet, install their wallet on infected system and so on. Even young people would suffer from those problems, because kids being able to install apps on their phones doesn't mean that they understand security, cryptography and other important stuff.

yugyug

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Younger generations or what we called the millennial can adopt rapidly to advancing technologies and consumerism is what all about. Younger generations has more purchasing power than the older generations and purchasing or using new technologies are part of their lives. Bitcoin and blockchain technology sounds strange to older generation but half of the world's younger generations know about it. With the widespread of social media and interconnecting the world make them aware of all the latest trends of the technologies. Adoption of bitcoin all leads to the road for the younger generations.

tenebriscaelum

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Depending on when the mass adoption will happen right now their are only a small percentage of the last generation believes in crypto, and most of the people that believes in it came from the generation where technology is evolving rapidly that is why it is easier to adapt and of course if we are seen by the generation next us what we are doing in crypto then they are they one who will adapt it when the time comes.

Shimmiry

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Quote from: BagzMM on November 13, 2018, 05:46:01 AM

I think it is yes, young people will drive Bitcoin adoption more than the elder generation. Maybe it has something to do when it comes to technology,it is the younger ones that has more patience on surfing or searching on the internet.

I agree. It is like adopting to what they already have or what they see in the present. It is hard to adopt into something that you did not see when you are growimg up, that is one of the reason why the old generation do not want it. Amd on psychology, it is much better to do the norms, and technology is part of the norms of today's generation.

BitHodler

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Bitcoin forced legacy institutions to look into the blockchain as a whole to get the efficiency and lower operational costs they badly need, but that doesn't necessarily mean we'll see them dig into Bitcoin as well.

If people are lucky, and their banks allow them to enjoy the advantages of a blockchain, they'll settle with that. The average person doesn't care about how things happen as long as they happen and offer the convenience they want.

Bitcoin needs it rise out of its speculative phase to be used as it should be used, and I think it will still take like a couple of years at minimum, especially when LN isn't ready yet to be safely used by the masses.

BagzMM

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I think it is yes, young people will drive Bitcoin adoption more than the elder generation. Maybe it has something to do when it comes to technology,it is the younger ones that has more patience on surfing or searching on the internet.

yitzjoe

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I agree that many young people understand the functions and benefits of technology where their daily lives are filled with technological utilities, if bitcoin and altcoin are able to answer all the needs of this young generation, the development of crypto will progress rapidly

airdropcoin

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This is an inevitable phenomenon. Young people in today’s world do not have many opportunities. Class solidification has formed in at least many countries. Only cryptocurrencies can get rid of this type of solidification. There are very few other ways. So young people tend to choose cryptocurrencies. Most older generations have a hard time understanding such products.

cindygirl

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Quote from: Kakmakr on November 13, 2018, 02:57:22 AM

We know that younger people these days are used to everything being faster and more efficient, because they have been exposed to technological innovation from their birth.

The younger people entered this world at a much faster pace than the older generation and they are being bombarded with choices like no generation before them. They are also used to instant gratification, because technology has enabled a world where things happens almost instantaneously.

Bitcoin is just another technology where things are done more efficiently and much faster than the traditional options available and the younger generation are drawn to these technologies, like a moth to a flame.

Bitcoin should be applied to all services where there are a need for more speed and efficiency, to draw in the younger generation that are constantly searching for that.

Do you agree? Let's discuss this and see if we can target the correct demographic with this technology. Cool

I agree about the younger generation being used to and expectant of more. However I would have to disagree about bitcoin currently being faster and more efficient, at least in all scenarios. For many situations traditional banking systems are still more efficient, until bitcoin is widely accepted and used it won't surpass that.

aoluain

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Its a good point that the younger generation will adopt bitcoin more but we
cannot discount how many "older people" will and have adopted bitcoin.
People who have been working a day job for 20 or 30 years and feel they are
not going anywhere financially. People who see an early out of the daily routine.

nicster551

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Quote from: Kakmakr on November 13, 2018, 02:57:22 AM

We know that younger people these days are used to everything being faster and more efficient, because they have been exposed to technological innovation from their birth.

The younger people entered this world at a much faster pace than the older generation and they are being bombarded with choices like no generation before them. They are also used to instant gratification, because technology has enabled a world where things happens almost instantaneously.

Bitcoin is just another technology where things are done more efficiently and much faster than the traditional options available and the younger generation are drawn to these technologies, like a moth to a flame.

Bitcoin should be applied to all services where there are a need for more speed and efficiency, to draw in the younger generation that are constantly searching for that.

Do you agree? Let's discuss this and see if we can target the correct demographic with this technology. Cool

Of course they will do that, but for some old folks they would much prefer the old way and we are not going to deal with that youngsters. So we should try to make them understand all about crypto and blockchain tech.

Kakmakr

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We know that younger people these days are used to everything being faster and more efficient, because they have been exposed to technological innovation from their birth.

The younger people entered this world at a much faster pace than the older generation and they are being bombarded with choices like no generation before them. They are also used to instant gratification, because technology has enabled a world where things happens almost instantaneously.

Bitcoin is just another technology where things are done more efficiently and much faster than the traditional options available and the younger generation are drawn to these technologies, like a moth to a flame.

Bitcoin should be applied to all services where there are a need for more speed and efficiency, to draw in the younger generation that are constantly searching for that.

Do you agree? Let's discuss this and see if we can target the correct demographic with this technology. Cool

Topic: Young people will drive Bitcoin adoption more than the older generation. - page 11. (Read 2213 times)