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Topic: Young people will drive Bitcoin adoption more than the older generation. - page 8. (Read 2213 times)

sr. member
Activity: 630
Merit: 250
This is the status quo of the world, yes. The stock market and the real estate market have lost their original luster, and the wealth that millennials have earned through hard work is scarce. Capitalists have achieved a monopoly. When cryptocurrency emerged, it changed all of this, and the new mutual understanding network would once again change human civilization.
One reason why I believe that as time goes on and we start seeing more and more improvement in technology, a lot of the older factions will be left out and as they keep paving way based on mortality, the newer generations will be the ones taking the bull by the horn. It is a simple process, they had their time and they have used it, this is the digital jet age, and practically, the idea of assimilating and understanding quickly what is going on around is something easy for the younger generations to absorb pretty fast than the older generation, and that is if the latter will ever absorb at all. So, in a way, I believe when it comes to bitcoin adoption, the younger generation will most definitely take it to the next level.
member
Activity: 448
Merit: 10
Of course, young people will use cryptocurrency more than the elderly! since it will be easier for the younger generation and they are not afraid to take risks, which cannot be said about older people, they want to be calm for their savings
hero member
Activity: 2660
Merit: 651
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Young people more easier adapting cryptocurrency because they have knowledge how using internet. Some old people can adapt with fast but i think mostly not confident to invest in cryptomarket because they prefer old investment like stocks, gold or bonds
I supported what the OP said and aside of the young having the knowledge of how to use the internet. The young people love and enjoy surfing the web which was also the reason why Erick Finan and his brother knew the concept and the features of bitcoin at the early stage.
member
Activity: 456
Merit: 15
This is the way to survive. It is necessary to know that millennials do not have good investment opportunities. They usually sell their own time to make profits. Most of the wealth is in the hands of the older people. So cryptocurrency is the future for young people.
member
Activity: 434
Merit: 10
This is the status quo of the world, yes. The stock market and the real estate market have lost their original luster, and the wealth that millennials have earned through hard work is scarce. Capitalists have achieved a monopoly. When cryptocurrency emerged, it changed all of this, and the new mutual understanding network would once again change human civilization.
sr. member
Activity: 1428
Merit: 251
Young people more easier adapting cryptocurrency because they have knowledge how using internet. Some old people can adapt with fast but i think mostly not confident to invest in cryptomarket because they prefer old investment like stocks, gold or bonds
hero member
Activity: 1666
Merit: 753
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 don't necessarily think that it's because the older generation is not technology literate, even though the vast majority of them have less IT skills compared to the young generations, but rather the fact that they are not able to grasp the idea of decentralisation.

That's why we see so many older generations blindly trust in fiat currency and call bitcoin a scam. If you don't understand the very concept that bitcoin is based upon and how exactly bitcoin is structured to work, you're obviously not going to trust it, and if you don't trust it, you're not going to adopt it.

Younger generations that are more open to new ideas are more likely to see BTC's potential to solve some of the problems with centralisation, fiat, and expensive transfers being facilitated by banks. They will thus be the drivers of mass adoption if it ever happens, which is something positive in the long run.
full member
Activity: 432
Merit: 126
Its is due to their environment. They grew up in an era where everything can be done in the touch if your finger. They tend to be more active in social media were might influnce them to try what was advertised from it. Also the innovation happening will drive millenials to be more vigilant on it. But also the older people want to be have their own contribution in this era, they are also an influencer for the younger ones. As parents, they have the capacity to gain knowledge and share it to their childdren.
full member
Activity: 756
Merit: 102
The older generation have experience and are not ready for much exploit. The older generation have much responsibility and are not also ready to risk their money.

 if they have experience , they are also ready for the exploit and if they have responsibility , they are also ready to risk thier money .

sorry bro i just clear out what you have said above .  anyway  lets back to the op's question  , @op i dont agree on it because i think older generation or older people are more knowledgeable therfor they are the one's that can drive bitcoin adoption and not the younger people because their minds is not yet ready for some serious technical discussion .
full member
Activity: 630
Merit: 102
The older generation have experience and are not ready for much exploit. The older generation have much responsibility and are not also ready to risk their money.
sr. member
Activity: 882
Merit: 250
Yes they will adopt to the bitcoin only if we educate them what is bitcoin or else they will keep spreading news that bitcoin is used by hackers.Because even many of my friends said that bitcoin is illegal and it was only used by hackers even when our country completely allows bitcoin usage in our country.
many people did not have enough knowledge about bitcoin and cryptocurrency but they easily said it is illegal and used by criminal.so as cryptocommuity we need to educate them about it.
sr. member
Activity: 2520
Merit: 280
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Yes they will adopt to the bitcoin only if we educate them what is bitcoin or else they will keep spreading news that bitcoin is used by hackers.Because even many of my friends said that bitcoin is illegal and it was only used by hackers even when our country completely allows bitcoin usage in our country.
jr. member
Activity: 252
Merit: 1
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

true that. eventually blockchain will be use in all industry.
full member
Activity: 419
Merit: 100
 There are  specific reasons for young people to drive bitcoin adoption more than the older generations because, bitcoin is with strong net work systems incorporated with  modern technology. The modern technology is  familiar with  a very few people only among the global community, mean time the older generation people are far away from the modern technology.So bitcoin is introducing a new concept of economy which is found suitable to the modern world though it is contrary to the present economical concepts in which we follow at present. The introduction of bitcoin is a new form of economy which changes the entire face of the global economy in various dimensions of the human life. Bitcoins popularity is wide spreading world wide and very shortly bitcoin can become a global currency which can operate world wide for the benefit of the entire global community. Bitcoin has implemented  the block chain technology that has a very wide  usefulness in the human life and corruption free.
newbie
Activity: 29
Merit: 0
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.
Because the old people are still investing in the solid assets or they are not interested in the cryptocurrency and prefer to invest in other assets unlike the youth who are more inclined towards the internet economy.
hero member
Activity: 1022
Merit: 500
Bitcoin is taking its time to adoption with slow pacing for the past two years. Developments somehow encountered obstacles such as concerns in government recognition, hacking incidences, and very long downtrend market. But, when bitcoin hit the key for adoption, expect a huge acceleration for bitcoin going mainstream adoption. For sure, the new generations won't have problems with these. They'll welcome the bitcoin technology openly because they are already used to faster and efficient systems.
full member
Activity: 133
Merit: 101
Res Et Non Verbum
Now the young generation which is in cryptocurrency has been divided into two teams. The first is those who are engaged in technology and the second are those who just want to make money.
The younger generation does not use cryptocurrency because of convenience and speed. because bitcoin is not fast
hero member
Activity: 2268
Merit: 579
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I agreed with what the OP said concerning bitcoin should be use all services application where there are a need for more speed and efficiency but the level of understanding and involvement of each young people in terms of technology and new innovation will determine how some young people will adopt bitcoin.
I'm saying this cause I have invited and told acouple of my friends about bitcoin but the seems not to understand or lack the knowledge about the potentials of bitcoin. Mind you, alot of older generation invest their pension money into bitcoin in Japan.
full member
Activity: 384
Merit: 106
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
Yes that is true. Technology nowadays is very popular especially to the millenials. They are using it so that they can make money fast and easy. Older generations should be thought to about bitcoin or other cryptocurrencies.
full member
Activity: 728
Merit: 101
Bitcoin is the currency of this age
The older generation want to retain the old ways reason behind the challenge and negative news against bitcoin, change is always restricted, The younger generation must ensure we remain resolute and keep promoting the vision of Bitcoin in order to remain relevant and ultimately take over the baton from the older generation.
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