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Topic: Young people will drive Bitcoin adoption more than the older generation. - page 7. (Read 2213 times)

copper member
Activity: 301
Merit: 2
I believe that, that the easy people are more open, faster to accept and understand technological developments and progress in the times. And they are more receptive to Bitcoin and Cryptocurrency compared to older people.
member
Activity: 267
Merit: 77
For certain. All of my kids are familiar with crypto. My 2-year-old daughter can recognize BTC, ETH, and Monero. My oldest son doesn't understand why everyone doesn't use it now. (He's 21). I was programming since I was 8, but normal people didn't have computers until they were in college. That's how old I am. The young are going to adopt crypto much faster.
Here's an article about the younger generation investing in crypto.

https://blokt.com/news/only-8-of-americans-invest-in-cryptocurrencies-but-younger-generation-more-open-to-the-idea

Basically, it says that only 8% of Americans invest in crypto, and the younger generations invest more proportionally in crypto. I thought that was interesting.

44% of all Millenials say that crypto will be "somewhat" or "very" accepted in the next 10 years.

Ref here: https://www.finder.com.au/half-of-millennials-say-cryptocurrency-will-soon-be-widely-used

Regardless of where the market is now, it's pretty damn exciting.
 
sr. member
Activity: 594
Merit: 250
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.

You know why? it is because before is has a big difference  in the present time now. The technology before compare in our present technology has a big innovations. And maybe the younger generations son far mostly are fast learner, while for the adults are few only. Before there is no internet while so far we have it now and was being developed so well too.
full member
Activity: 510
Merit: 102
Information technology put young people on the affair of life and leadership.  Cryptocurrencies is been promoted by the young people because of the kind of the generation we are. Our fathers are used to the old ways of doing things but the youths are more concerned on blockchain technology and how to used it to solve human problem.
I believe that millenials are more exposed from the world's latest technology from electronics toys and gadgets since they are start learning of their new world unlike people who was born on late 80's that digital technology was not yet started, therefore in this edge cutting technology like blockchain the more people adapted it is from the millenials and driven by the few business minded oldess.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
The one time most young people get enough free money to play with these days is when their parents cark it and leave it to them. More than likely they'll rush straight into property as it'll be the only chance they ever get.

Ideally young folks will drive the creation of a fully functioning and increasingly separate crypto economy. That's more sustainable than just parking investment money and doing nothing.
hero member
Activity: 994
Merit: 502
Of course, the younger generation is much faster and easier to perceive new information and their desire for technology is much higher than in other age categories. Of course, the first emphasis should be placed on this age category. In the future, young people will talk about Bitcoin to their parents. And with time, the mature generation will begin to exchange information with each other.

By the way, Switzerland approved the first full-fledged crypto ETF, listing next week under the ticker HODL on the SIX Swiss Exchange.
Now Swiss retirees and pension funds can buy a basket of cryptocurrencies to diversify their portfolios: https://www.trustnodes.com/2018/11/17/switzerland-green-lights-worlds-first-crypto-etf-to-be-listed-next-week
sr. member
Activity: 924
Merit: 260
Information technology put young people on the affair of life and leadership.  Cryptocurrencies is been promoted by the young people because of the kind of the generation we are. Our fathers are used to the old ways of doing things but the youths are more concerned on blockchain technology and how to used it to solve human problem.
newbie
Activity: 179
Merit: 0
the 80's and 90's is the 1st one to accept. older generation wont like it. bitcoin and crypto as whole will destroy their old system. younger generation should not be any problem using bitcoin and crypto as well.

If we analysis, it is the older people who are against the bitcoin and digital currency.  
Younger generation should and have no problem in adopting this new generation currency.

Totally true. All we have to do is to make Crypto and Blockchain look more appealing to younger generations, bring it closer to them. For instance, implementing Blockchain features in what they`re already familiar with - in computer games - will boost adoption immensely.
hero member
Activity: 2366
Merit: 866
the 80's and 90's is the 1st one to accept. older generation wont like it. bitcoin and crypto as whole will destroy their old system. younger generation should not be any problem using bitcoin and crypto as well.

If we analysis, it is the older people who are against the bitcoin and digital currency.  
Younger generation should and have no problem in adopting this new generation currency.
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
The younger generation is the one that can save Bitcoin. They have enough knowledge, skills and technological access to develop more services and improvements related to Bitcoin. Once they do it, many people, especially from the older generations will adopt Bitcoin too, not because the currency itself, but because the services there will be disponible through the use of BTC. In the end, everyone will benefit from this "balanced adoption", from all generations, young and old ones.
hero member
Activity: 1456
Merit: 501
DGbet.fun - Crypto Sportsbook
this will happen. the younger generation will encourage the development of crypto far more developed every year and the younger generation will continue to develop this currency because this currency is very useful for our future. we cannot rely on the older generation because they do not always use technology in their lives. and the technological development and progress of each country depends on the younger generation.
Yes, young people exposed and working, learning with new technologies too often, we do not need to be too surprised when the younger generations will be the leaders and help the development of crypto and bitcoin. But also because of early exposure to technology such as bitcoin and crypto, the negative side of this problem also appears very clearly when the younger generation is too focused on bitcoin, fantasizing the great future with it, do not continue to study at school and give up their main job, this will destroy the future path of the young generation, the future of a country
hero member
Activity: 1190
Merit: 534
Definitely, due to the advantage of their birth period, they have more scope to explore and exploit the infinite opportunities of the crypto industry and probably that's why Australia has trying such experiments,

Australian Primary School Students Explore Bitcoin and Cryptocurrency Technology.

No doubt if we see leaders from crypto industry from Australia in the coming years because they are doing something in the crypto that China is doing in the domain of international games. It's the natural phenomenon to see the higher output of particular type if the input from that area is high.
jr. member
Activity: 420
Merit: 1
Technological progress has made a breakthrough, and the younger generation is developing in proportion to progress, it has always been like this, and there is nothing surprising in this.
sr. member
Activity: 574
Merit: 250
this will happen. the younger generation will encourage the development of crypto far more developed every year and the younger generation will continue to develop this currency because this currency is very useful for our future. we cannot rely on the older generation because they do not always use technology in their lives. and the technological development and progress of each country depends on the younger generation.
hero member
Activity: 1806
Merit: 672
Before we even think about Bitcoin being applied on all kinds of services we must think of first on how we will educate the young generation on how cryptocurrency in general works in the world. Because as what I see so far we only have select optional classes for cryptocurrencies and blockchain and the only ones who will learn are the ones who will enroll to the class, if we want to have a smoother adaptation to Bitcoin as a currency we must know that our generation is capable of doing that in the future.
sr. member
Activity: 1344
Merit: 253
young people have the opportunity to learn many things including bitcoin, but is it possible that bitcoin can still survive. so that young people can still feel from crypto currencies including bitcoin?
I think it might happen. by looking at the future, this technology has a big chance to take part in the world of transactions. right now there may be a lot of people frustrated, but calm down, and start running again
jr. member
Activity: 196
Merit: 4
I do, not only are the younger generations more exposed to technological innovation, they are also more accepting to it than the older generations. In addition, the younger generation seeks faster transactions in everything so I believe that if they are introduced to virtual currency and its benefits then they will be on board with it.
full member
Activity: 714
Merit: 102
young people have the opportunity to learn many things including bitcoin, but is it possible that bitcoin can still survive. so that young people can still feel from crypto currencies including bitcoin?
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
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.
Most especially when it comes to technology. Let's face the fact, there is so little that the older generation may be able to understand in this day and age, or be able to get their heads wrap around. The world is getting all digital, and for the fact that they have been used to the traditional age all their life, trying to blend in now will always be a difficult thing to do, except for just very few that are really just curious enough to at least want to know some few details about what is going on in their world. There is always that thing with aging and your memory being able to assimilate things quickly compared to when you were young and that is what makes the difference.

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.
Obviously, they already are very conversant with the internet and the rate at which technology is advancing every day, so it is a normal thing to expect them to at least easily grasp what is going on. Easily grasping what is going on around you is always going to be an attribute that will keep deteriorating with age, so one way or the other, I guess it is something very normal. Now that money is going digital, the younger generations are the ones who will be more exposed to it based on the fact that at their little age, they are already exposed to the internet and some of the little things needed to always keep them going.

I thought about this thread when I watched a 5 year old playing with her mothers smart phone, whilst I was in a waiting room at a doctors office. The mother passed the mobile phone to the child to keep her busy and she unlocked the phone and started playing several complex games.

If I compare this with the problems I have to explain the most basic concepts to my older relatives, then it is easy to see how the younger generation will lead the Crypto currency adoption. They are quick learners and they are fast paced and this is what is needed in Crypto currencies for it to flourish.  Wink
hero member
Activity: 1120
Merit: 507
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.
Most especially when it comes to technology. Let's face the fact, there is so little that the older generation may be able to understand in this day and age, or be able to get their heads wrap around. The world is getting all digital, and for the fact that they have been used to the traditional age all their life, trying to blend in now will always be a difficult thing to do, except for just very few that are really just curious enough to at least want to know some few details about what is going on in their world. There is always that thing with aging and your memory being able to assimilate things quickly compared to when you were young and that is what makes the difference.

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.
Obviously, they already are very conversant with the internet and the rate at which technology is advancing every day, so it is a normal thing to expect them to at least easily grasp what is going on. Easily grasping what is going on around you is always going to be an attribute that will keep deteriorating with age, so one way or the other, I guess it is something very normal. Now that money is going digital, the younger generations are the ones who will be more exposed to it based on the fact that at their little age, they are already exposed to the internet and some of the little things needed to always keep them going.
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