Bitcoin Forum

Bitcoins have been over a couple of hundred dollars for more than 5 years now. Kids can only get so many by mining. Don't imagine too many teenagers have 10+ bitcoins without family help in getting them.

Bitcoin is maturing, and so are its holders.


Alts are probably a different story

Most are probably on their 30s and 40s, especially those with prior interests in cryptography and a digital cash system (Nick Szabo, Hal Finney and others, just to name a few). While the majority of those with interests in crypto are in their 20s, it's undeniable that those whales are somewhat older, due to their money and experience in the field. It'll be cool to know the demographics of bitcoin users but then again, that goes against 'privacy' and some statistics regarding age groups of bitcoin users may somewhat be unreliable.

Yes, agreed, I meant to write "at least in their 20's" in the title, it came out a little confusing as is. My bad.

I don't imagine teenagers have +1 BTC to be honest, where would they get them from?
Asking their parents to withdraw part of their savings?

Okay, they might have been able to buy some through a holiday job or whatever, but they're teenagers.
They probably spend most of that money on other stuff, like a car (in the US) or on a holiday with their friends perhaps.

Yes, this would be as opposed to 6 or 8 years ago where I imagine quite a lot of BTC was held in teen-age hands.

I'm not fully convinced about this theory. Maybe some are in 20's but I would say that the majority of most experienced Bitcoin users with most coins in their possesion are in 30's.
I don't think that so many teenagers even if they got involved in Bitcoin five or more years ago kept their coins so long or maybe just few of them. It's not so very likely to me they were mature enough to make important decisions that would make whales out of them.

The only older folks that are embracing bitcoin are the whales that are out to use their wealth to influence the entire ecosystem. The enthusiastic cryptocurrency lovers and users are the youths in their early 20s.

age is very influential from how he is able to utilize the results of bitcoin that he has, the age of earning a lot of money from bitcoin will often feel confused about what this amount of money is, while he does not have many dependents in life

I held a lot of Bitcoin in my hands around 2010-2012. Also at the time I didn't understand much about blockchain or any of it how does it work I just used it because it was a nice way of doing trading transactions without fear of it being withdrawn and being opensource it felt very secure that noone can interrupt my account or any of the trade.

I remember very well seeing price fluctuation from $10-$20 but I didn't understand a lot about it. I knew it could be mined and it felt nice sometimes when price would go few bucks up and I was happy at the time when I would get profit of $50 bucks because of price fluctuation.

Crypto trading is a real deal nowdays and majority of holders are probably around 40 or older.

I think that the majority of bitcoins is in older people for example bitcoin 10 years and you say that the main holders are people who 20 years hence guys bought bitcoins when they were 10-15 years ?)

Hopefully those teenagers knows how to value money and knows how to use well bitcoin. I know someone who owns some of cryptocurrency and at the very young age, he knows how to deal with life well. They spend their cryptos to support for their studies and of course to buy good things.

We should start educating those teenagers so they will not spend the money in useless things, if you will gift cryptocurrency to your child or to anyone don’t forget to teach them how to use it, so at the end of the day they will still have that money.

I am in my 20's right now but Id discovered bitcoin just 2016 so I can say that I don't really have much bitcoin but I am still earning from it right now. I confidently say that my earnings from bitcoin really helped me save more money aside from my salary at work.

,that's a good use of money indeed. i have also someone i know that thinks similarly like your acquaintance, and sad to say but there are also some people i knew who doesn't value money like it should be. spending is not that really bad but it should be in moderation, some youngsters doesn't know the real value of it because they doesn't spend heavy works for it, that is also why i guess it would be doing well with the guidance of their parents or guardians.

There could be few people in their 20's who have invested in bitcoin or crypto in general. They're exceptions as majority of people who are here are probably older and have been in different markets such as in stocks or golds.

And for those who are in their 20's? You are very lucky because crypto has so much offer and you being so young and have been in this market as early as today, you can be filthy rich by your early 30's.

So you think that kids and teens used their PCs to mine bitcoins 6-7 years ago.I don't believe this.
Kids and teenagers usually aren't that "make money" oriented.If they are,they would try to earn more fiat money,not crypto.Bitcoin isn't maturing,because 90% of the btc investors will always be people driven by FOMO and greed.

The concept behind this statement is very true and logical but I would say 30's is more accurate than 20's, but who said that person maturity is measured by age only! So let's not attach the maturity of people holding BTC to their age range.

Possibly, millennials could hold some bitcoins, from when it was relatively unpopular, before the bull run. Some could have taken bitcoin mining as a form of recreational exercise, without expecting the massive rise in popularity and value.

There would still be a fair share of different age brackets. It is not limited a particular generation.

I think the title might actually be true.

I started with bitcoin when I was 14 but by then I’d already missed all of the mining with a computer as ASICS were already out. I think a lot of people who started even a year or two before me would have been able to mine with a cpu or a gpu.

Vitalik started working on ethereum when he was 17 I think too...

I don't think teenagers are giving priority to this, most of the investors here are 30 - 40. However age is just a number, it depends on the person's interest. Crypto will enlarge the life style of a person if he plans to invest now and he's going to sell after years. Just imagine how he will be? He will be overwhelmed by happiness.

if later children can get 1 bitcoin not with their own competing results it can be with the help of others or even from the parents who buy it if the child is very clever then this becomes an asset in the future because bitcoin is not always in the price now competing for the next few years will go to the price.

Well I don't see any chances teenagers could have 1 bitcoin and above. They can't work to have one except if they have rich parents. Title should be changed to 'People with most bitcoin should be at least 20 years old. It is pretty possible and some 20+ year olds are really interested in cryptocurrency especially in bitcoin.

The early days of crypto mostly wouldn't even appeal to teenagers, it would have been people with a strong background in cryptography or computing. I would think Vitalik will be one of few exceptions of early adopters who are not in middle age by now. The interesting thing for me with that. Most of the early adopters are aging each year and with the growth of bitcoin the temptation to spend must grow each year. Soon you'll have to assume that if their BTC goes unspent it will transcend their own lives.

Yes, I agree with you, those in their 20s are very fortunate to know crypto, because they can become experts in old age and of course there are many benefits they can achieve if they know crypto at a young age.

Teenagers are already familiar with crypto and blockchain is an extraordinary knowledge, and young age does look more aggressive to always try so that the experience makes it more creative. And the possibility is that now it has become a pope and has more experience so it is wiser to manage his Crypton assets.

 I think those with the most bitcoin should be people around the age of 30s and 40s. Bitcoin is just ten years people at people that are at age  20 can hold a few but not much because they are the millennial people and are tech crazy and like experimenting with nothing to lose.

No, I don't think so. I guess bitcoin people who owned bitcoin the most are those mid 30's because it's very rare to see an adolescent who already knew about btc and bought it during its early days.

BUT I'm not saying that your assumption is not impossible. There's a case like that which actually happened. Ever heard the name Erik Finman? He became a btc millionaire by the age of 19 this is the source (https://www.theguardian.com/technology/2018/jun/13/meet-erik-finman-the-teenage-bitcoin-millionaire).

I hit bitcoin and bitcoin cash (which I got an equal amount for free in August) at several hundred each, when I was age 54 in 2015.  I've spent half on a new farmhouse, 40 acres of land, new tractor, large Amish barn, new furniture, expensive soapstone fire stove, and more.  To be sure I am wealthy because of bitcoin and bitcoin cash and still have plenty more.  8)

I think so too, since the people with whom I communicate and my friends are mostly thirty-year and forty-year-old crypto investors. And young people, I think, are involved in bounty campaigns in the main.

i dont know where you got this analysis from, but then i think people with most bitcoins are in their 30s and 40s. most people in their 20s really do not have money to invest in so much bitcoin currently and when the price was at 100 dollar few years ago, majority were not aware of bitcoin or just didnt invest because they had no money or didnt care.

Wow i thought the thread title was really incorrect, i would have guessed
People in their late 20's would be the big holders. I'm surprised to learn
you started at 14 but i suppose young people from 8 or 9 years ago who
were into technology and were intrigued by bitcoin could indeed be still
holding from then...... if they havent forgotten or dumped their computers.

Since young people are more adapted to different technologies, it allows them to learn something new more easily. Now, in the age of the Internet, you can find anything and make money on it. Teenagers want to live freely and therefore they are interested in various ways of earning, including earnings on cryptocurrency.

Personally, I think the target market of Bitcoin is the young people because they are expose in the technology thats why its a good idea to target the young ones. In this era, teenagers are very confuse to use technology they explore a lot of things and they are also easy to learn when it comes to block chain. Nowadays, young people can earn profit in their age with the help of technology

The title should be the age group of people with the most interest in bitcoin are in their 20s, no way that these guys can be whales (except the few lucky ones). They are probably investing in altcoins instead

That's correct I'm already 20years old start for investing,trading and become a bounty hunter in crypto I already earn 1bitcoin in my age now.

They were more likely people in their 20ies, who are interested in tech and still open to new things.

what is your point exactly?
if anybody wants they can come up with $30k and invest it in bitcoin. it is not really that big a deal in my opinion as long as they are willing to take the risks.
so if some young person owns above 10 bitcoin that simply means they were willing to take the risk and enter the high potential currency of the future in its early stages while others stood aside and watched.

Majority of whales comes from 30 to 40 years old because they had stable jobs and most of them are businessmen and I don't think, they in their twenty's because they just graduated from school or just got a job but anyway any age is very much welcome to cryptocurrency.

I think those mysterious whales with hundreds of thousands of coins are in their 40's or 50's now. I doubt that many of them have amassed their coins by mining, most likely they've bought in 2011-2012, and they've probably dropped some $100,000-500,000 during their accumulation period. That would mean that they were already quite rich if they could afford to put such sums into novel asset, so they are most likely middle-aged entrepreneurs or traders.

For me those who have large amounts of Bitcoin are people who are 30+ years old, because adults are always serious about considering assets for the future and very different from teenagers who only depend on emotions and sell everything when we feel good even though small ( myself).

I believe if there are some people in their 20s who have bitcoin, because what I know is that education about computer technology has been applied from school age, about where they have the capital to get bitcoin, I think maybe they initially followed the bounty after getting a bitcoin enter as a trader or investment

AGe is not a barrier to reach any milestone but generally teenagers depent on the parents for their needs so they maybe asking for their parents help to buy some bitcoins but the early investors and miners can hold more amount of bitcoin who maybe reaching 30's in the real soon since bitcoin is already a decade old.

I look at my city and I can say that BTC holders are around 25 to 40 years old. I have not yet met people who are less than 20 years old and they have Bitcoin.

I also agree. because at the age of under 20 years it is time for them to gain higher education and education both in world science or religion. if they invest in the digital world of bitcoin. will definitely make them very busy

I don't know the exact data to figure out the age between bitcoin users but i think dominate age still between 30 to 40 and i was never heard there was teenagers having more than 1 btc however it's difficult to guessing the age of bitcoin users and i think all of it only pure of speculation

I think people with most bitcoins are on the range of late 20s to 30s because the youngster nowadays can catch up to the oldies especially in terms of technology advancement. The most bitcoins holder cannot be seen in age as long as you manage well your coins and keep on engaging and studying it you have a potential to possess more of it.

Cryptocurrency attracts a lot of teenagers. Because it's an easy way to make money. Young people are more adapted to technology and they are better versed in this and quickly adapt to something new.

You can not for sure judge the set of people who have the most bitcoin for sure, except you actually carried out a research on this. For me I like to think that those who even hold a meaningful amount of bitcoin as early adopters were risk takers who just wanted to gamble with the little the could afford to lose.

I remember reading lots of posts by teenagers mining Bitcoin in 2012 with their GPUs for some extra cash even though they had no idea what it's purpose was, so you never know. I doubt that many of them held on to their coins through all these years unless they were believers though.

I'm on the line of 20's so I can say that OP is correct that most bitcoin holders are from 20's - 30's. But its better to say that most of us are into 20's and above, not skipping the young at hearts.

And as for the alts, I think there are kids that are into it because of its "cheaper" price which the kids can easily avail it. And you know kids, they like to see thousands of numbers on their holdings rather than the quality of a coin.

I agree.I think the early adopters have more bitcoins at the moment with their ages from 30 to 40.But i don't think young ones at their 20's might have more interests on mining.Their minds are still focused with fancy things around.Unlike family men who really strive hard to have a bright future for their kids and so their focus might be on mining bitcoins.

I also think that most bitcoin millionaires are young people. Young people are more attracted to various new technologies and they are more interested in it. I would also be interested to know the demographics of bitcoin holders. I think the average age of the holders will be 25-30 years.

I'm not so sure if there are teenagers who have bitcoin until 10+ ... most teenagers spend their money to have fun with their friends ... those who have bitcoin are usually adults over 35 years old ...

Yeah of course we can't know the age of a user, because it's someone's privacy, we can't even know who an early adopter was a few years ago, but it's true what you say, mostly people who are interested in cryptotechnology are people who are 30s or older , moreover bitcoin is still unknown at that time ?

   There are difference between the rich and the poor country. If you are belong in rich country some opportunity have been their and most of all advance technology with online business strategy opportunities but if you belong in third world countries I don't think so 20's is having with it.
   But we need young people to boasting up because young is superiority.

Bitcoin was not expensive back in 2009, so kids could afford to buy these coins for a few cents. Most children between 8 and 10 years old would not necessarily search for complex technologies like Crypto currencies, but they are always looking for ways to make some extra pocket money.

They could have seen some video on people mining bitcoins with GPUs and they might have jumped in to mine these coins with their gaming pc's.  ;)

people whom i know are usually mid-40s.  not sure if there are younger ones outside my circle.

I think there is no age in terms of getting engaged in investment at bitcoins. 
The people should learn it as early as they are because they can be able to make a move that can help their future life alot.

You like my son he is only 18 years old and he discovered bitcoin mid of 2016 and now he earned in bitcoin and I confidently say that he supported his study in college and also support his siblings too. Bitcoin is really big help for us.

May be late 20's, 30's and 40's. Like most people say here an ordinary teenager can't afford buying bitcoins even when the price is down. The older people, mostly, have difficulties in understanding how the system functions.

I'd say that it's impossible for teenagers to get 10+ bitcoins without help from their families. We shouldn't say too many teenagers. There's no way that a teenager can have 40 thousand dollars without inheriting it or getting it from wealthy family members. Most teenagers are spending whole days at school and dreaming about getting their driver's license and first car, or finally being able to move out to a small rented apartment.

We cannot predict the age group of most number of bitcoin holders as there are many early investors of all ages from teenage to people who are more than 80+  are interested in investment are also involved in the bitcoin and blockchain technology, more group of younger generation are onto the bitcoin technology as they are eager and enthusiastic to learn more and accept new technology than the older people.

I know quite a few people from my surroundings who invest in bitcoin and all of them are over the age of 25. Therefore, I believe that bitcoin is still intended for people older than teenagers. These are people who are already forced to be concerned about financial well-being and the future, and teenagers usually think little about it.

I think bitcoin investors are people of all ages. But mostly they are people from 20 to 30 years, as this generation is the most technologically advanced, I think. And teenagers are less interested in investing, especially since few of them can afford it.

Most likely, most investors are people a little older than 20 years. But it really doesn't matter how old you are, 16 or 80. If you are interested in investing, constantly study the cryptocurrency market, then you will be successful in your earnings with the help of bitcoin.

I think HOLDERS will also not be able to mature, considering that bitcoin is very volatile so it is very easy to make each holder panic about every move, especially if it is in a bearish phase. 80% of the average person will panic to sell his assets before falling deeper, especially if he can't recover in a long time

I agree with you. I am sure that most Bitcoin holders are on average 20 and above, because most of them already have income from their main job.

I think bitcoin holders are people from all categories of age. Now, probably a big percentage of holders are young people because blockchain technology is something new and they can understand its potential in the future. But on the other side I think the most quantity of bitcoins are hold by people are are older, I mean not people who are 50+ but people who have experience in businesses and truly know what bitcoin is and what could happen with it in the future

Some would also be in their 50ies - I know some, who had noticed Bitcoin as soon as it made its appearence and they were in their 40ies and immediately felts its potential. But perhaps, they didn't get into mining then...

the likelihood of bitcoin will be 20's even higher because of the age-old knowledge it's more ability to transact. but it depends on the teenager also if it is advanced to think of it as older as he/she is and if she/he can understand how to deal with bitcoin to others.

I agree with you that although young people accept crypto more than middle-aged/older people, more of crypto's whale-level holders may be 30-40 years old, they have more financial Experience, having more money available for investment, actually dominates this market.

At the early stage of bitcoin, you can earn it thru playing video games as a reward and since it's not yet popular those teenagers had to intention to keep it since it has no value other than use it to play video games. I remember a person said that at that time he has 20 BTC which he gained from playing those games and without thinking that those coins will become valuable after 9 years. Lucky those teenagers who manage to keep their bitcoin and sell it at higher price.

Yeah though younger people tend to take more risks than older ones. And people in their 30s and above should be much more stable financially to afford making risky investments.

I started with bitcoin in my late 20’s. I HODL a sort of nice amount (would like more but hey). I think it just depends what the price was when you became aware of bitcoin, not necessarily how old you are.

Most of the holders are 20 years or older, but it also depends on them knowing Bitcoin, and even though they are still in their teens and if they already know bitcoin they also have bitcoin.

I think people with most bitcoins are in their 40's. The time when bitcoin has started, people who were in their prime 5 to 8 years back were around 30's. So, this time they are in their 40's. Few year from now, it might be 50's. Because, young ones are too busy from their careers that they don't care about cryptocurrency.

This is probably the correct estimation, in order to recognize how great bitcoin was just after it was created you needed to be looking for something like bitcoin for quite some time, you needed knowledge not only in cryptography but also in economics and the history of the world and getting that amount of knowledge will not be easy for a kid or a teenager so most likely the average age of long term holders is above 30 years old.

This thread won't be too useful if it's not added to the survey in it, this will only be a speculation for many people without any
evidence. You should add a survey about the age of the user, it could be a clue of how many young people in Bitcoin

in fact teenagers still do not fully have much knowledge in everything, especially in modern technology in the form of this digital currency. adolescence is still totally dependent on both parents, although to use this digital currency there is no age limit needed but most of those who have bitcoin in large enough numbers on average adults who have around the age of 20 years and over because they fully understand that Bitcoin is very valuable if it is used as a very profitable form of investment asset

Yes because bitcoin and other crypto currency are the invention of modern age but the old people cannot easily get the idea behind it. Holders are mostly young as they have more patience than those who are older. So I think making an old limit is not fair but actually just because of generations gap it takes time to make them understand.

according to studies, the majority of Bitcoiners are millennial, not 20's people.

Probably but if you think the most people who have the biggest quantity of BTC are the ones that are at the age of 30-40 and have been on this market for a long time and know how to invest their money.Not to talk about the ones who have a a business of its own and with the profit they make they can buy the BTC.Of course there are students or why not teenagers who make their money out of BTC ,they are not professionals but hey, they make their own money, and that even educate them in terms of money investment.

Millennials are main part of bitcoin rich list in my opinion. Young generations are supposed to understand better than old generation due to handling changing environment. Ability to work with tecnology is the biggest advantage of 20-30 age group. Mainly young people prefer to hold cryptocurrencies and they are considered as enthusiasts.

For adolescents in their 20s, they are very lucky if they have joined Bitcoin, because the productive period is still very long to be able to buy all the offers presented by Bitcoin to be able to get money, and might be able to become rich in their 30s.

It is possible because teens are exploring and finding job that will suit them and learning bitcoin together with peers who give interest on it earn lot because they help each other to find ways of earning bitcoin. I have a friend who is younger on the group but he is the one who earn much because he works in many ways and do not afraid to take risks.

As I remember, I met some statistics online. Most of the guys that work with Bitcoin and the other cryptocurrencies are men in the age group 30-40. There are not so many guys in their 20s there.

In 2009 many people did not understand technology, especially in my country. In that year there was no social media so that not many people knew the latest information, and I think only a few people used the internet that year, especially in my country. So as it is most likely for people who have a lot of bitcoin to be those who are really about technology and also have an internet connection at all times.

Mining bitcoin is not as easy as you say it is and few individuals especially those with out the aid of others can provide for the electricity bill involved in mining which is some worth enormous

I think there are only few teenagers who got interest on bitcoin. Yeah there are teenagers who have theirs and probably the money they use is from their parents unless they have a stable job. In my country, people who got interested on crypto is probably around 25 to 40 years old. Teenagers here are busy playing online games lol

Right.Even in my country too.Teens are only making fun from their online games and not really with making profits.For me,i don't really think by the age of 20's people have gained good amount of bitcoins,i guess its more on 30 to 40's.Particularly for those who have families already.Surely they will focus on making more profits just to sustain their family needs and bitcoin is really a great help for that.

I don't think so,I don't think if they were more committed on crypto when they don't have commitments such as families,or children.I agree that on their 30s or 40s were more consistent on doing cryptocurrency.

I do not know what country you are from, but the statistics are very different everywhere. This depends on the overall level of technological development of a particular country. In some countries, the vast majority of young people are growing from an early age with the help of the Internet, and someone never knew him until old age.

The only kid that I know to have more than 10 bitcoin at his prime was Erik Finmann.

It's a perfect example that someone who got in earlier obtained more than 10 BTC by those times. And they are lucky if they sticked and stayed to bitcoin up to this moment.

Since bitcoin mining and transaction based on relatively high technology, most of holders, investors, and supporters of bitcoin are in their 20's. Also, there are so many people who are teenager and owner of one or more BTC. If you spend enough time on bitcointalk, you may personally know some of them.

I agree with you that people in their 20s and above always have the right thoughts and most people of this age have their own personal records. When you have your own income you can decide what you will do and start working on this market.

Are you kidding me?

https://fabnewz.com/wp-content/uploads/2017/02/dU5uwWV3RqucQ7InODGZ_Third-Hand-Slap.gif


According to this report, Teens Want Cryptocurrencies and Fortnite V-Bucks as Their Holiday Gifts:
https://www.cryptoglobe.com/latest/2018/11/teens-want-cryptocurrencies-and-fortnite-v-bucks-as-their-holiday-gifts-report/

Here's another article "All Teens want for Christmas is Bitcoin"
https://breakermag.com/all-teens-want-for-christmas-is-bitcoin/

To conclude, there should not be an age limit for crypto.
You can be 10, 20, 30 or 100.

As you have said, kids will own bitcoin by the help of their immediate family. You were right all along, if they started to mine bitcoin now, probably by the age of 20's or 30's they will get rich.

However, i envy those crypto people who discovered and own bitcoin on the first year of inventing it. They are so lucky they bought btc as a lowest price before.