Bitcoin Forum

I'm looking for the easiest way to make old people understand Bitcoin more thoroughly. I want to let the elderly know about the "Bitcoin revolution", yet I find it quite challenging to explain it to them in a way they can understand how it all works. There are some wallets that have a "user-friendly" interface, but even the basics of sending/receiving Bitcoin can have a steep learning curve for the older people. A Bitcoin wallet with built-in accessibility features, could help even elder people with vision or hearing problems to use the pioneer cryptocurrency in their daily lives.

If you happen to know of a way to make old people understand Bitcoin easily, please let me know. Any suggestions or recommendations will be highly appreciated. Thanks in advance. :)

In the early days palm scripts and writings on metals were used as a source to secure data in my country. These scripts can't be read by everyone, and these data will be piled up as a booklet. We can explain the present days blockchain technology relating to the old way of data saving. Surely old people will be aware of these scripts and for the reference I've added few images of the palm scripts and writings on metals.
https://i.imgur.com/zbnPK1O.jpg
https://i.imgur.com/fd0nCw6.jpg

I guess that won't be so easy especially if they are not inclined with technogy. Language, choice of words, and terminologies, can also be a barrier like for an instance, they won't understand what blockchain is, in an instant unlike with simpler ones such as receiving and sending.

The best way I think is using examples forming relationships between the terms or linkage of what he knows or how he would get what you are pointing best and how you would deliver the message. An old person could understand easily to send and receive across wallets or addresses by simply telling them that it is like an actual wallet but is not having a physical form. Addresses may represent the color of a wallet or its brand or something which would give "identity" to that wallet. Since they will be tauvht about bitcoin in a manner ehich is cor daily purposes, complex terms I think is no longer needed which will lessen the difficulty.

Sending and receiving Bitcoin through QR code may be the best way for them as they don't have to manually input and check addresses which are oftentimes in small fonts.

The fundamentals of Bitcoin should be enough for them. Security in general, dos and donts, and some tips on how not to get hacked or phished or scammed are also very important for them to understand.

Also, their wallets should only contain amounts that they could spend on a daily or weekly basis. I guess regular refills could be done by their children or grandchildren who are more knowledgeable about Bitcoin.

It's a matter of two things, making Bitcoin characteristic description as simple as possible, and old people having the ability to intake more information. Some old people have this never-ending tenacity when it comes to refusal about learning new things after all, so if they fail at that part, I'd suggest giving up already since you can't really persuade them that way. If they were willing to know or to learn though, you could probably just describe Bitcoin in the simplest of terms as possible. Possibly make a comparison that they would understand.

Possibly make some easy to understand illustrations? Like Point A sends money, then show an illustration of miners so you can describe how blockchain works. Drawings would be a great medium imo, and just try not to use overcomplicated words, those make stuff a lot harder. You don't even need to use the term Block, blockhain, and other stuff like that.

they don't need to understand bitcoin to use it. in fact that goes for a lot of things. for example how many people (not just elderly) understand how credit cards work? but they use them all the same. all anybody needs to know is that bitcoin is a new form of money that is highly secure and still has a volatile value. anything more than that is optional and is needed for anybody who is interested in the technology or wants to look under the hood.

The interests and plans to buy bitcoin increased but less in the group of elderly. The ownership rates show the same thing. The barrier for the elderly they don't want to experience new things even online bank transfer or ewallets. Do you know the story of Warren Buffet who still want to use paper money as much as he can?



https://medium.com/blockchain-capital-blog/bitcoin-is-a-demographic-mega-trend-data-analysis-160d2f7731e5

Im not sure that they really need/want to understand bitcoin. If they dont want to use bitcoin then just accept this

We should focus on promoting Bitcoin across the young people.They are the future.
In order to explain Bitcoin,you have to explain the blockchain technology first.
The most oversimplified explanation is that the blockchain is a network of computers,in which every computer verifies and confirms every transaction that happens on that network.If older people can't understand this,I bet that they will never understand Bitcoin.
Just because old people aren't tech savvy,that doesn't mean that they are stupid.However,most of them are traditionalist and conservative,so they will stick until the end with the good old paper money.

Hi,
OP:
It is simple do not teach her! (1)

I can tell you that in my environment, all the adult people I know do not like to call them "oldest old," but they handle social networks better than I do.

How did they arrive! Out of curiosity, my grandmother who is 75 years old currently started using the popular messaging system in 2011-2012 I remember it well because I was the one who downloaded the apps. That is to say, she was 68 years old, she was already quite old, but within the limits of calling her an old man, for my old man she is older than 75 years.
 
At first she was ignorant of it, but what interested her were the groups in the Apps, that was all. But she'd been ignoring her, she wasn't interested.

With the bitcoin issue, I take advantage of the fact that he likes whatsapp and I send him news, memes and fun things related to bitcoin. There is good documentation about bitcoin without going into technical details.

Anyway, do not try to teach an old man something that he does not ask, the "old man" who wants to learn or does it alone, or asks for it, friend, they are older people who have lived, they are the experience of life. But, that if! creating curiosity is the best way.

(1) Please, this is a charismatic comment, which seeks the interpretation of my post.

Finally,  each older person is different, I think it is in each one to understand these wonderful people.

Not all elderly people are having hard time understanding and accepting crytocurrency nowsdays. Teaching them would be easy if you let them experience and talk to someone about the same age as them who has knowledge about how cryptocurrency in general works. But the problem is not all elderly people are open for this kind of stuff because they are used to be in the traditional business and fiat investments.

It's a bad idea teaching old people to use bitcoin. Mostly old people in my country don't know how to use cellphone or computer. But if they knew, what will be in their mind if you introduce bitcoin to them? In news, bitcoin always mention because in our country many investment scam use bitcoin as their mode of payment. Old people always watch news, and if I'll introduce it to them they'll avoid it and think that it is a scam.

I think you need to talk in their language and make references to things they know, but that also makes it difficult to come up with something so generic that you could apply that explanation to old people all around the planet. Up to this point, I think the Guardian did a good job with that video: https://www.youtube.com/watch?v=s4g1XFU8Gto

They don't need to know about the "bitcoin revolution", the technology behind it or any technological knowledge. Those knowledge would be absurd for them.
Instead you can just teach them how to send, receive and keep your wallets secure. I don't think any wallet have any kind of accessibility features. But if accessibility is still an issue, as far as I am aware, all operating system comes with accessibility feature which can be used with your browser or any application on your computer.

Teach them or make them to understand what bitcoin is or maybe you should guide them so they can learn or better understand what they should do or shouldn't do in bitcoin and lastly don't forget to tell them to beware from scammer cuz now days there's a lot of scammer of bitcoin

It would be difficult to teach the specifics of bitcoin or cryptocurrency to the elderly since most of them are not well versed in technology. They just need to learn the concept, how it works, how to secure, spend, and transact. People easily adjust to things that are massively used, the same as how we learned how to use the internet. Not all of us are into tech, but as it becomes a part of our daily lives it will be easily absorbed and adopted.

It would be hard to teach our elderly about bitcoin or cryptocurrency because most of them are hard to understand everything about new technology, they only believe what they used to do. And aside from that there's a lot of scammers out there and looking for their target person, sadly what if they take advantage the weaknesses of the elderly? However, we can still teach them the basics in a very nice and calmly way.

I think it is not a bad idea.

It is just that most of these old people are a fan of the government, telling them that something like a Bitcoin that is centralized and not controlled by the government could raise suspicions to them telling you their theories and even ludicrous claims against Bitcoin and cryptocurrencies. I kind of experienced it so I immediately stopped. Some might find them interesting but most of them would just don't care and may find it suspicious.

I just don't. I found out that most of the times I try to explain how Bitcoin works, it ends up being a waste of time. What I'd rather do is just go on and tell them as simply as I can the advantages of BTC, like: it's decentralized so nobody has control over it, you make your own privacy, supply is limited and it cannot be faked/double-spent.

If someone's then interested to read more, they'll do the research themselves. Otherwise, talking about how amazing it is usually ends with them wanting to purchase BTC just for its possible value increase.

I don't see any strategies that will work in teaching the old about Bitcoin.

We know already that the old people doesn't have the capability to memorize things because of their age, their are tend to forget easier compare to those people who are around the 30's or 40's. It is hard for them to teach Bitcoin especially for those old people who are not techy or not even exposed to the technology since on their prime, things like this doesn't exist at all. There are some old people too that will just ignore it since they are old already. They don't have any time or at least interest to learn it.

In my place, I'm the only one who knows the basic things of crypto and I'm not teaching it to any of them. Its not that I don't like but I don't feel that they are interested on it too.

Until now, my parents didn’t understand the technology of Bitcoin. I only explained to them in a non-technical way, like it’s an alternative version of stock trading. Since my dad is very familiar of stock market (he even bought stocks back then). I just told them that it’s way easier to buy Bitcoin and volatility is high. I also let them watch educational videos about the basics of Bitcoin.

basically rich seniors are still into technology because they run a business and hold much money but for those who are not lucky to have a wealth like them , we can only see this seniors resting on thier home and have no interest to technology  but this can be changed if they still have the passion to learn it . its not yet too late as long as they are still healthy and can hear , read without problems . you wont know if you dont try mate , but its better if youl try to educate people on your place

Firt of all what age are we considering for an old person? If this above 60 then this will be a tough task for them. We all knew that some old people are not much aware of the recent innovations cause their time they dont encounter these things but they are adjusting from internet, to mobile phone and much advance than that.

Teaching them bitcoin can be done on a manner of their perception. Only you can balance it, if they can still do some of the heavy analyzing or not. But to be honest, dont really have an idea how.

This is not an easy task. Older people are usually not interested in new technologies, they think they don't need them and that are too complicated for them. I've tried with my parents but without success, they still have negative opinion about it and they don't think Bitcoin is something that is necessary for their lives so they are not interested to learn more.

It is easy for old people that are educated and show interest in learning. These are very rear but they exist. For some of them that already know how to make bank transaction (i.e sending money though mobile app and USSD code) you can easily teach them to send and receive bitcoins using wallet such as the bitpay. I may not suggest DEX  wallet totally for them because if they lost their seed phrase, it may be difficult

I give up to teach older people who have more than 50-60 years old because they don't want to learn something, especially if that is about technology. They said that they are getting old, and they cannot understand how it works. Once I tried to teach my daddy, even I tried to tell about how to use the bitcoin wallet over and over, he cannot remember it, and he gives up to use that wallet. I tried to other people, but they say that I am difficult to understand how that wallet works, and I think I will let you use it because you are younger than me.

The idea of bitcoin has evolved into something different than what satoshi has envisioned. Considering the whitepaper, it was meant to be used as a mode of payment for the internet users. But with the current scenario, people with far less common sense are jumping into investing/trading bitcoin and other cryptocurrencies with the sole purpose of being rich as soon as possible and selling when they are having profits. I would never say everyone trading bitcoin do really know the purpose or technology behind the currency but rather think as a high yield scheme which will make them rich at some point of time in their life. Hence, for the older generations it won't be really difficult if we introduce bitcoin as a trading scheme but rather it might pose a difficulty if they are eager to learn the technology behind bitcoin.

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Read all three volumes of "Internet of Money" and a not really fast paced "Digital Gold" book. You would be having an excellent way of approach to make the old people understand about bitcoin (neglecting the technology behind bitcoin). Bitcoin works just similar to coins and bank notes since we always get a change when we do the transaction which is lesser than what we initially have in our wallet. While you are educating the old people about bitcoin, completely neglect the trading strategy which is quite popular in crypto space but rather introduce bitcoin as a digital currency invented to prevent the centralization of banks.

I think I am eligible to post this since I have successfully managed to educate a 70-year old person about bitcoin last year. The person was able to understand bitcoin quite a bit and was able to do some simple transactions through mycelium once last year between me and them. I have lost contact with the person and not really sure if they are using bitcoin still, but they were able to grasp the basics of a digital currency in layman terms.

I think most people over complicate the issue of having to explain Bitcoin to people. (Young and old)  ...Let's be honest, how many people still think Fiat currencies are backed by Gold and how many of them know what SWIFT in the Banking sector does for money transfers?

The same is applicable to Bitcoin... they should not have to know how mining is done or what the Byzantine Generals Problem is.  ;D  What they need to know is that bitcoin is a electronic payment option, just like any other payment option, for example PayPal /Credit card etc.. (main difference is that it is not controlled by a central entity)

They should know what a wallet is and how to copy and paste Bitcoin addresses. (Do not even explain Private keys to them, because they might give out the wrong information)

Viola! Done... Now they can login to a wallet (one that you helped to create) and then pay someone in Bitcoin. (Obviously explain Preev.com to help with the Crypto conversion from Fiat to Crypto value)  ;)

It's more of interest and adoption of technology than the age or knowledge. I call myself a crypto literate and I want every of my colleges and family know about it. There are several of my same age colleges that are to some extent into crypto and bitcoin. As of my family, my mother in her 50 is the most curious one and who knows much about crypto than my brother. My brother is a electric engineer but is so reluctant to know about new things and is so inattentive to anything that he doesn't listen to me a bit. I have several times tried to convince him to invest in crypto and in front of him have shown my periodic portfolios but he is too dumb to change. My mom on the other hand listens me attentively and tries to give me advice.

You need to know first if they are interested in bitcoin or not. Because it can be tough knowing that not all older people can cope up with gadgets. It might just waste your time trying to teach them when they are not even interested, same with younger people. But if they are really interested, that makes it easier to teach them since they are willing to learn. Then you can probably start with the basic explanation and try to avoid using a lot of technical terms, I guess? When you tell them some technical terms, explain it to them in a way that they can understand. For me, teaching older people is not impossible, it's just a matter of interest and approach.

To make old people to understand what is bitcoin never be a challenge, first you will ensure they paid attention to your information.
*. First, let them know the advantages of bitcoin.
*. Let your advantages be greater than disadvantages.
*.make a list of expensive properties you have acquired through bitcoin.
*. Let them know that bitcoin is decentralized, and government or anybody has no right to control it.
* make them to understand the concept that many people who are rich is into it and it's the best place to invest or save money so that your money will not lost values.

+1 let me tell you something dude your thread always give me a good vibes  ;D ;D

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Also a good answer

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like i was say on your previous thread, its kind of challenging to make old people know about bitcoin and other crpyto asset.
the e-wallet with fiat itself not all the people know how to use it, how about the bitcoin?

1. first thing first tell them about bitcoin and their value of it
2. tell about bitcoin doesn't have central and not controlled by any government so they no need to worry if anything goes wrong
3. last but not least tell them if u can make real money with it and buy some stuff of it
4. and the last i think is very needed to create some tool to make easy like card with 1 tap to pay or something like that


and what next topic will you created dude  8)

I honestly want to do that here too, to make parents who are too monotonous and who only believe in gold and traditional banking also believe about the future of bitcoin. actually they like the technology that is owned by bitcoin, but there is one problem they are afraid of, that is about the volatility of bitcoin prices which changes rapidly, this is what makes parents here afraid of losing their assets if they enter the bitcoin circle.

The perfect recipe for disaster. First of all, why make it sound like Bitcoin is perfect and hide its disadvantages? It's not like you're trying to advertise some product. Then.. those other two points I've quoted do nothing besides making the other person imagine Bitcoin is the place you go to when you want to get rich.

False ideas such as "Bitcoin makes you rich" is literally the perfect recipe for disaster - especially if you're new in the space. Better be honest instead and tell them the truth. Bitcoin is probably one of the most volatile assets, which means you can double your amount as fast and easy as getting it halvened.

Only smart people can understand bitcoin easily. Age doesn't matter to learn and understand bitcoin. There are young people that is difficult to understand even you explained it very well ,step by step. I believe if someone is willing to learn,then it will be easy for them to understand it.

It all depends on how much these old people hae to do with technology. You can have a 70 year old who doesn't know how to use a mobile phone or a 70 year old who uses a computer every day and calls grandchildren using skype. People who don't use any electronic devices are a lost cause, just like people who never had a computer in their lives.

I told my parents about bitcoin through the price and profit I got from bitcoin, and my parents understood what bitcoi was, what bitcoin worked and what bitcoi did. so my advice, you should introduce the value of bitcoin to your parents first

Most of the old people are having a problem in following the latest technology that we have right now so I can see that this is a big hurdle that we need to face if in case we
would like to introduce bitcoin or crypto to them.

I didn't see any good way to do it quickly, what I can see to make them understand what is crypto and how to use them is to teach them first on how to use a simple wallet first and do it slowly.
Then we can just explain to them the usage of bitcoin or crypto currencies, in a way that they can understand easily like giving a simple example that they can easily get.

In my opinion, getting parents to understand Bitcoin is a bit difficult. Because my own parents did not really know and understand the world of technology, especially if it was presented with a discussion and understanding of bitcoin.
Everyone on this forum has their own way of introducing Bitcoin to their parents or loved ones.
I myself introduced bitcoin to my parents as a Digital Currency that can be exchanged for cash or real money. By trading it on an exchange. I also said that bitcoin can be used for any payment but not for my country. Bitcoin is a technology of the future that will change the way of payment today.

And I also say the last time, that Bitcoin is a good investment tool but with high voterity.

I've been through an attempt of explaining Bitcoin to my grandfather. It should be noted that old people can be different, and my grandfather is one of those who can use the Internet both of a computer and a smartphone. He's a scientist, and he's been using computers and the Internet since the early-early days. So the problem wasn't so much about what Bitcoin is (he could understand it fine), but that he was already prejudiced against Bitcoin (and still is, unfortunately), believing that the monetary system should be backed by the government or otherwise there's too much risk involved.
I've also tried to tell my spouse's grandmother about Bitcoin. It was a completely different experience because she only uses an old mobile phone and is very cautious even with it. She doesn't use the Internet and has no idea what's out there. She's afraid of it and doesn't want it in her life. So she did not want to know more about Bitcoin than 'the money on the Internet which is not controlled by any government'. She's neutral to it, but would never use something she cannot touch (she's slowly getting used to a debit card, but that's because it's been around her for a while). My point is, there's probably no universal approach to explaining Bitcoin to the elderly, because there are very different people among them and individual approaches should be found. And a big obstacle is that people who don't use technologies in general are not going to use Bitcoin unless they absolutely have to.

Even though my mother is previously an accountant, she have a hard time to understand the concept of the bitcoin and how the bitcoin works. I explained to her how the bitcoin formed, how it can be used and how to get it in detail way. At first she didn't understand what am I saying but over time she managed to understand it a little bit. Right now she is now a fan of it and have also a high hope that it can be use in order to develop the current payment system that we have.

I also said to my mother that bitcoin is not just a currency and a form of payment system. It can also a good investment vehicle in order to gain profit. But when I explained to her how trading works, it seems that she cannot understand it anymore because it is complicated. I just taught her the basics and not the complicated part.

It will be hard for us to introduce bitcoin with elderly people especially if they aren't inclined with the latest technology. We can discuss it and let them believe about its advantages yet it will still be hard for them to understand its features. I've tried discussing it with my father and he believed it because I have shown him proofs but he still can't understand its features since he's old enough to adapt the latest technology which is needed to access cryptocurrency. I think if they're willing to invest with it, we still need to guide them.

How can this magic internet money “change everything” when I never actually encounter it in my day-to-day life?

For me, I shouldn't have to sacrifice my time spending with the elderly people just only to teach them about Bitcoin coz it could not be appreciated for sure. Their time is almost getting over and they are tired enough to think about it. Just to be honest and what the real case scenario that Bitcoin might have concluded, this ain't for the elderly but this is for the coming generation. We'd like to educate them and so it could be appreciated much as they are the successors of this new technology.

They will listen to us but they are not capable enough to perform. It much better to spend time with the youngsters as they are in the next in line.

Practically speaking, your opinion is valid. Even we tried to spend our time trying to find the
easiest ways to allow old people i learning bitcoin,,
Realities still speak by itself, though some might learned if interest and knowledge are combined
in learning this new technology.
But most won't for sure they'll not going to focused even we tried our best finding the right tools
and information to provide them.
It's much better to educate the youth as they are the one that will truly benefits once bitcoin
become fully embraced and adopted.

Old people are probably not that into the use new technologies and that's for sure.

If you want to introduce bitcoin with them, you should start with its relevance and importance to them.

It is not that easy to do that especially that bitcoin is so complex to understand and handle.

No matter how you work so hard to explain it to them, if you don't find the things that interests them and relate it to bitcoin, then it will probably not work. You should always focus on what makes them interested to something such as gambling, betting, and etc., and use it as a tool to catch their attention and become fascinated about bitcoin's importance, uses, and benefits.

I'd leave the elderly in blissful ignorance myself. If they started talking about putting their pension into it I'd start to get a bit antsy. Even if I managed to deliver a coherent explanation no way would I want them dealing with it. I've seen what they're like with TV remotes and that's painful enough.

Tell them how bitcoin can change and improve their quality of life as they are getting older and older. Remind them about the opportunity that this bitcoin can bring to them to make profits and become successful. It is not too late for an old people to achieve what they want and earn money that they can pass through on their sons and daughter and loved ones, once they ended their journey in this world. They have the maturity to handle themselves from greed so it is not really the problem for them. Their biggest problem in bitcoin investments are ignorance and adaptation, it is not that easy especially that season and the market is always changing.

Just explaining bitcoin requires effort so that parents understand, especially with trading. Trading is a job that requires basic technical analysis and fundamentals. So it will be very difficult to explain how to understand complex things about trading. You just need to explain it in a simple way.
Trading is like trading in the real world. Buy cheap and sell it at a high price.

and one more thing, not all of people who are competent in technology can understand what bitcoin is and what trading is. They only focus on their work.

It would be interesting to get @Jet Cash’s input on this thread, being a person that is possibly  the oldest member here (https://bitcointalk.org/index.php?topic=5261878.msg54785490#msg54785490), and whom, I believe I’ve read, has tried to explain Bitcoin to fellow age groups. Of course backgrounds help to grasp concepts. Those with a certain technological (even if from years ago) or financial background will find it much easier to grasp than others.

First, I'll explain about Bitcoin definition, how is it work and telling both of advantages & disadvantages. If he/she's interested, I'll continue to explain more about the details and technical. If he/she's not interested, I'll gave up and don't want to talk about Bitcoin again to her/him... ::)

IMO the main problem is not about the age... but the mindset and interested. If he/she's interested, I believe he/she's can understand bitcoin and also about the technical things. I just reminded about this thread Am I the oldest member here? (https://bitcointalk.org/index.php?topic=5261878.0), this is the proof not only young-adult people can understand about Bitcoin.

https://i.ibb.co/hDsXyf7/Screenshot-94.png (https://ibb.co/86Mz0cK)

Volatile market would be the thing to established with them, older people always look for securities once they've seen that you are
sharing something that have a higher risk they might have lesser interest, It's hard to convinced them even you already showing them
your benefits.

You need to have longer patience and capabilities to continue looking for the best way to attract them in learning this new technology,
aside from the earning features you also have to convinced them that it's not that hard if they are going  to take a closer look and
try to understand everything that you are sharing with. Once interest showed up from their body language, it will not that take much
longer time to convinced them to listen and learn this system.

That is maybe because bitcoin is the very opposite of what your mother have studied, as an accountant, you are being taught on how to handle finance but it's all about the paper money. I guess your mother was just too used of the old era of money, where there's only one method to use for payment that's why he's having hard time understanding what bitcoin is and how it really works. I appreciate how you introduce bitcoin to your family, you seem a fan of bitcoin for a long time, good job  :D

As your mother does not know any thing about it, you should have begin with the basic since she will understand the demand and supply part easily.

That could be in Ancient times back then if you apply that with the digital technology I think pretty much they might understand such things when they are used to old stuff like that it can be the same with the Palm-leaf manuscript back then and I think that was 600 years ago I think old people can now easily understand not so complicated technology just like the Mobile Devices but in my opinion, with the topic of Bitcoin I think they can get the basic stuff of transferring bitcoin from different wallet but not deeper technological and analytical background of Bitcoin.

Instead of talking about the technology and risks, one may explain the savings that they are going to enjoy as part of their life. Usually they care more about savings.

It's really hard to explain new tech to old people as they are reluctant to try something that's out of their comfort zone. The thing here is many of the people hear about bitcoin on news sometimes with positive perspective while mostly negative. For me, I share with my parents about how much I hold coins and what am I doing with them but my passwords and accounts are shared with my girlfriend only as they can't properly operate wallets and exchanges.

We would have to apply to the values they understand. Old people don't care much about investments so they would have to see another benefit of using cryptocurrencies like maybe safety but for that to work Bitcoin would have to become much less volatile.

It's very hard to change a person who did the same thing for many years. Many of these old folks prefer to use cash over cards because even cards are hard for them to grasp. You won't make them interested in Bitcoin.

This make sense when it comes to buying appliances,, they are easy to convince that such appliance will lessen the cost of electricity and so efficient but different reaction in Bitcoin like not in doing transactions or transferring money into friends or colleagues they will sure doubt and will need a very long discussion and sample. I remember sending her money in front of her using my phone and that's the only time I convince her but still with many what ifs, she also double check the account number plenty of times and also she was dismayed when the price drops.

Same, it will really depend on their interests as well, old people I know doesn't want to learn about btc anymore. I guess if their work or interest are more on the side of technology, banking,etc. there's a chance that they will be interested in it, if they have extra money, they will ask help from their friends or children about it, of course those who are knowledgeable about btc already.

However, I think most of the old people are not into it, what more if they are not into techy terms in the first place.

the main question is:

Why would the elderly want to know about bitcoin? what will they do with bitcoin?

Seniors learn to use the ATM because they know they can withdraw money from the ATM using their VISA cards

Do you know what will happen if some elderly invest in bitcoin and then lose money?

The elderly will blame you for a long time, in my opinion the best thing is to teach the younger ones because they are easier to deal with technology and prepare them psychologically for some loss in case they invest in bitcoin

I think that this would be challenging especially that previous generations are not really tech savvy and they find it hard to know things that are outside of their comfort zones. Although, I agree with you all that emphasizing the incentives that could get from Bitcoin could get their attention.

usually parents don't want to hear their children talk too much, because maybe they are more busy with their own business, but I will explain about bitcoin to my parents of course by doing it also in a real way

for example I will explain a little how bitcoin works, I will transfer my bitcoins from my wallet to the wallet on my parent's cellphone while explaining how it works, bitcoins can be transacted without having to go through a complicated process and only takes a short time, Cheaper transaction fees when sending large amounts of value anywhere

One way to get the elderly be knowledgeable is by showing them some of the outcomes or results that you can gain from Bitcoin. Since some Elderly would like to rely on what they are seeing by their eyes and showing them achievements by you or the things achieve by Bitcoin can really be nice to be learned about.

Something related to this question has been said here (https://bitcointalk.org/index.php?topic=5205304) before but no one seems to have the perfect recommendation but I believe the health situation of each old people will differentiate how each older will be taught to understand Bitcoin cause there are some older with earing challenges while some with eyes. 


.Of course they do want go understand bitcoin and we have seen an example in South Korea, UK and other countries where the older invested their retirement in Bitcoin but it all depends on the government attitude towards crypto.

Frankly, it is very difficult to persuade and clarify cryptocurrencies for the elderly, and I see that there is no need at all to clarify this area to the elderly, as they will never need it, so I advise you to stay away from this idea, my friend

The only motivation of old people to the space is to request for certain fund that old people can afford to lose and invest it. Invest in good coin take profit at bull and refund with the profit, this can encourage interest ,more over if they know they can keep their asset or inheritance in cryptocurrency while it also appreciate in value as year passes they could try to adopt.

It would be a difficult and challenging task to do because mostly old people are not interested into the latest technology for they are still sticking into the old tradition and to the living they used to be. If you do really want old people to learn about Bitcoin, you need to first gain their attention to get interested on knowing more about Bitcoin. Do the explanation in a simple and direct approach that they can duly understand because doing it on a completely complicated will lose their interest about it for sure.

If I would be the one to teach the old people, I would just share my experience first before doing a decent and formal introduction about the basic informations they must know about Bitcoin because I would attack first to gain their interest and once achieved, then that is the time they would learn and gain the knowledge about Bitcoin. Unlike approaching them with strange informations they do not know. By sharing my experience first, they will most likely be hearing out more and get curious to know more about Bitcoin.

and to get their interest, one simple way is to show how you can send money to their bank account using some of your satoshis. even just few bucks just to show that your crypto can be converted to your fiat money. i guess that's simple and straightforward approach on how to make them believe that there is real money in crypto.
because if you will just talk and talk about crypo without giving them an actual example, it's hard to get their attention.

It would be hard if the oldest people who doesn't know the technology, at least they have to know how to operate computer or even smartphone. Bitcoin was born form the technology, so later when we explain to them there will be a technological term in it.

This is what has happened to me, my parent asked me how I got money from the internet and I said I invest and trading bitcoin. I try to say them about bitcoin with make an analogy bitcoin is like internet quota, when you buy something but you can't hold it directly but you can see it digitally. Bitcoin is like that, but bitcoin is more complex comparing it, even some countries has agreed that bitcoin is like digital money.

The same way as you would explain it to everyone. I still am unsure as to why people find it so difficult to understand. It is pretty basic stuff.

Money = Place holder of value. Basic enough right? This way we trade something small or even digital in exchange for other things so we don't have to trade these things directly.

Fiat = Government-issued currency = Exactly as it says.

Crypto = Public/people issued currency. = This time the distribution is by the people not the government.

The value for both is based on supply and demand. Crypto changes much more often because there is less of it. Fiat changes less because there are many users that use it.

How is it backed up? Stop asking this question currency doesn't need backing and is backed by what someone says it is worth. You dont need gold to "backup" currency. Gold was currency back in the day so how cna backing up the new currency with old currency make sense? Gold bars are metal that does nothing. (obviously using gold in the industry is a different story.)


Fiat is powered by the banking system and is not in your control and is controlled entirely by the bank. You don't even own your own money and the money in your account is used by the bank to make even more money for themselves and they offer you a pathetic share called "interest"

crypto is powered by everyone who uses it especially those who invest in miners. The currency is not controlled by anyone and is distributed fairly. There is no central "bank" and no "authority"

If you cannot understand that then i don't see how you can manage to use money or make it. Unless you have a 9-5 fixed income job and just think the money magically appears every month.

Old people find it difficult to accept new things, especially those related to technology such as Bitcoin. They find it hard
to open their minds, This is evidenced by Warren Buffett until now cannot accept Bitcoin. So if asked how to make old
people understand Bitcoin, the answer doesn't exist. As long as they are not open minded, it is difficult for us to convince
them that Bitcoin is very useful for human future life. And we can't force them to accept it.

This is because they are not into the use of technologies.

They don't have any experience using technology, it is hard for them to start using it due to different reasons. They also feel that they are being left behind that's why they don't even bother to try using or learning about it. They are already satisfied with their knowledge even without the use of technology.

The learning curve issue isn't just with old people alone. It's a knowledge thingy, not just age. I have had that same issue teaching young people how to access both Bitcoin and crypto wallets with difficulties, (especially those who aren't into online stuff). It's always exhausting. I can understand this. However, why are you actually bothered with old people on this phenomenal technology? Remember that the old people population isn't that huge to start with. The emphasize should lie with the youth. They're the upward mobile age that can drive the crypto technology. Not old folks, IMO.

Teaching  old folks on how to use bitcoin will be difficult except a few of them who are tech-savvy all the features associated with transactions of bitcoin are quite complex for aged people to comprehend easily I agreed with you that much emphasis should be on the younger generations i.e youths that age group are much more in term of population however most of them needs some element of force before they can be made to understand things these days maybe due to laziness on their path or not interested in stuffs that wouldn't fetch money for them quickly.

From my point of view, before old people understand about bitcoin. They should first need to have an interest and understand today's modern technology because it would be difficult for them to understand blockchain technology and bitcoin, if they don't know how new technology works.

Based on my experience teaching older people about technology is indeed more difficult than teaching young people.
The fact is that old people have a slower catch of knowledge, so patience is needed in teaching technology to old people.
Moreover, giving an explanation related to Bitcoin which is indeed more complicated to understand than other technological,
really have to give explanation little by little.

Explaining on elderly things about bitcoin is pretty hard. I tried it on my parents but they are having hard time understanding what I am trying to explain on them. That is because they are not very inclined on this kind of technology.
But personally, my way is firstly make them understand that bitcoin is a digital currency which they can send and receive bitcoin.

It will be easy to make them understand totally about bitcoin if they are willing to and have interest in it otherwise leave them in peace because they are enjoying their time at this quarter of life.

However you can do these steps to make them understand.

1: First of all tell them what is Bitcoins (A crypto/has value/used to send/rec trx/less fee or no fee etc)
2: Give them some bitcoins (To do transactions)
3: Ask them to purchase some thing from a website which accepts bitcoin with putting fee.
4: Show them the market how it works why the price increases or decreases.
5: Then make them understand how the transaction works.
6: Nodes/networks.
7: But I think point 3 is enough for them to use it and understand once they do that they will develop interest in it and will ask about more about bitcoins. That is the point you start with everything and show them alts as well and eth-contracts erc20 etc.

TEX-LXRY

From what I have experience on teaching an old person to understand bitcoin is really tough. Since they are not interested anymore on how this technology works. They just barely understand the old tradition in the old ways which are more comfortable to them. The best for this is to make a way to discuss bitcoin in a simple manner as much as possible you discuss bitcoin just like giving them an example so they can understand easily. Show them how it works and how to use and received bitcoin.

it will be easier for you if they are familiar with technology. Otherwise it will difficult for you to educate them and quite impossible if they are uneducated.

They must be need ,knowledge about internet. They are shopping in online. that time they need bitcoin for exchange product. They learn practically bitcoin use.

A person of a certain age can have limited perception of new ideas, technology or financial forms. If someone does not possess a certain background in both tech and economics what exactly are you going to teach? How to use a computer or a smartphone?

First of all you don't call anyone old person. This is bad manners and noone will listen to you once they realize such attitude.

The term used and technology might be confusing for the elderly. What I will suggest is to have a platform that will not require copying and pasting wallet addresses or scanning any QR code. What if they can receive and send using their mobile number? They all have this in their memory and they are used to sending SMS. If such can be provided that will link sending digital assets using SMS API, it will be easier to explain how it works. They can even demonstrate such between themselves and receive within 5 minutes which will break all barriers of the traditional banking system.

To even step further, if they send lets to say BTC and such is converted to fiat, it will be like a margic when all will be settled with few minutes with negligible fees.

Impossible is the right word. I know some old folks and they don't have a clue how anything in the house works. They don't even know how to set the time in electronic clocks. Anything with buttons is black magic to them.

If your folks are asking you what type of batteries they need for the TV remote you know it's a lost cause.

Not only it gives them confusing but of less interest with. The elderly showing less interest as they know that they can't make it perfectly and out of their capabilities. Computer era isn't making them at ease which is the only tool to make them fully understand Bitcoin. Using FIAT money , debit/credit cards are they known already and I believe that they are comfortable with it.

It somehow to let them know what is Bitcoin is a good idea but have them taking part of it, it only gives them hassles.

Well, I appreciate this kind of effort if someone can do this to the old people, -most especially age above '70s.
That is right, it is hard for them to understand the technology, even my grandfather doesn't know how to use a mobile phone. The word ^[Technology] will very hard for them to understand or even absurd their mind. But despite their ability, let us not discourage them, let them understand the useful usage of bitcoin even they dont know the technical explanation on it. The benefit of bitcoin must they understand and perhaps their retirement plan someday.

I’ve tried explaining it to my mother before. I just focused on explaining the computer and digital aspect of it. Cryptography is way too hard to explain to a lot of older folk so didn’t get much in to that. I think she understood a good bit.

There is no easy way to try to do that. I think that theoretically we can make it easier by taking examples that are easier to understand. Maybe by likening the safe as a wallet with data encryption, and storing it safely without a third party, gold as cryptocurrency. We can change the parables according to their characteristics, but in practice it will be difficult if there is no basic of information system from old people.

It will be really a tough task to do. We need to have more patience as we can. It might not be easy but they will get it eventually.
Probably, the best way to do is introduce it first to them, how it works what is it for.
Then do some demonstrations. Also give them some example scenarios even if it is real or not, but it is better if real, so that they can understand you you even more.

the best and easiest way is to tell the bitcoin price. because the price of bitcoin will be more easily accepted by anyone ... because when talking about technology to parents it is not easy because parents usually do not understand technology

Its not that easy to teach nor make them understand, unless this old people has the willingness to discover new things in this millennial generation. They used to live in their traditional and conservative ways and if they refuse to learn about the digital currencies, we can't force them in doing so. So, I think the best way here is to know their eagerness and the curiosity in understanding crypto currencies as well as digital payments. They will learn slowly through step by step tutorial with Bitcoins great and accessible features.

To be honest yes it's difficult to make older people understand about Bitcoin.
But if we see it in a practical way it's not impossible too.
I mean a person learns something in each and every second of his life, so it's possible to make them understand about the crypto.
Yes at first they might do some mistakes, but definitely they won't repeat those after getting acquainted with it for a longer period of time.
And as per the research, it's said that older people take wise and matured decisions, so they will take it while trading/investing in Cryptos (Bitcoins).
So the only thing we can do at the current point of time is to make them practice about the crypto things more and more.
Hope this helps you Op .

Perhaps, you could explain it through relating bitcoin to things they could understand, in specific, use analogy instead such as sending bitcoin is like sending a text message, you need a phone number in which the wallet address of the recipient and the message as the amount of bitcoin you have as simple as that. But with the concepts of private keys and public keys, I believe that there's no reason for them to know it if they can't, the most essential things about bitcoin is how their could store, and send funds without their heads suffering by understanding hashes.

If they insist, just do the same thing, use analogy, just like this: "Private keys and public keys are just like your facebook account, you need your username as your public key, and your password as your private key in order to view your profile" in which, their wallet.

The real challenge is educating those who don't use computers.
You need to start with a fairly simple system, and I've found that a chromebook is best. Then you have to get them used to using google,youtube and email. Once they are comfortable with that. Then you can move them onto online banking, and making payments through the panel. Describing Bitcoin is quite difficult, and I have found it is easier if you can think of an analogy. The UK land registry seems to be a good example. You can point out that all the details are stored in a variety of records in a computer based ledger, and items can be added or sold from that collection of records. The whole collection of records comprises a description of the property owned. Once you have got them to understand those basic concepts, then you can start to describe the actual mechanics of Bitcoin.

I think it is very hard for the old people to understand bitcoin. Beause bitcoin is really new to them and in there time when they are still young there is no crypto currency maybe they can still understand it but in a very slow way. It depends on teaching or extending the information to them.

There are two kinds of old people out there, one is educated and the other is not. You can simply just explain it to the first using the basic things about bitcoin which you can find here: https://www.weusecoins.com/en/questions/

For the second kind of old person, you can use simple logic which their mind can digest easily. use an example with the things they always do or find some example which you can make them understand easily.

     Well, this is the very problem of almost everyone here who wants their parents or grand parents to even consider learning about this industry. There really is no easy way of teaching older people about this industry. Specially the ones who are not even into digital stuff and still uses keypad phones or does not even use phones. The even more difficult problem is that most of these older people do not want to open their minds about this industry. Which is then even harder for us to make them understand and teach them even the most basic parts. It's just sad that this happens a lot :/

Age is irrelevant.
Hell, considering how many folks of all ages seem to mistakenly think that all cryptocoins are "Bitcoin" (They aren't. Only BTC is BTC, all others are altcoins) this is more of a general education issue.

Do old people really want to know about Bitcoin? Are they really interested in technologies? How could learning about Bitcoin make their lives better?
If need to explain Bitcoin as simple as possible, you can find a lot of videos a kind of "Bitcoin for dummies"
Like this one: https://www.youtube.com/watch?v=41JCpzvnn_0

QR codes are simple enough for most people to scan in order to send payment to the encoded address. But we all know that the elderly are not quite fond with technology. It's best for them to have some sort of custodian that will take care of their Bitcoin funds. Unless, developers design a wallet with accessibility in mind (larger fonts, built-in text-to-speech features, etc) I don't see old people adopting Bitcoin in their daily lives. The elderly will always be the minority as they often find it quite challenging to use technology in their daily lives. With Bitcoin IRA options available today, old people can contribute to their retirement account in Bitcoin without the need to understand how it works. Third-parties could take care of all the hard work and efforts of securing and preserving elder people's Bitcoin balances against undesired situations in cyberspace.

Anyhow, we all know that we don't need Bitcoin to live a successful life. I think that most old people will continue using physical cash until it's phased out from existence. Then, they'll be forced to use digital payments either via CBDCs or crypto. Governments and the crypto community in general would need to educate the world about digital payments, in order to make old people's lives easier. It's all a matter of mainstream adoption than anything else. Just my opinion :)

Anyone, no matter their age, as far as they went to school and they can read and understand, there wouldn’t be much difficulties in explaining to them what cryptocurrency is all about. I know some old people where I live that are very intelligent, they are very brilliant that they can easily understand anything. I know that might not be the case for everyone, but by simply telling them that Bitcoin is a method of transaction, they will understand it better, instead of all these Bitcoin is a revolution and big grammars, just go straight to the point.

If they are good at making use of technology like smartphones, and they are into online banking and PayPal, they won’t have any problem understanding. And moreover I don’t see anything difficult in sending and receiving money with Bitcoin. Let’s say you’re making use of Coinbase, it’s not hard to just click on receive and copy your address right? So there isn’t much work in it.

It should depend on who the old people are. If they are familiar with the internet and even the digital business, then there is a chance to make them understand Bitcoin. Moreover, if they are open-minded people, it should be easier to tell them about Bitcoin. While if the old people are those people who rarely access the internet or even never know about the internet, then how they understand Bitcoin. They only can trust something real as they probably never know the digital business. Even worse, if old people always think badly about digital business. You will have no chance to debate them because they don't want to hear anything from you.  :D

If we are really willing to teach these old people, I don't think it would that hard.

But don't misunderstand what I am saying, I want them to use Bitcoin and it is on them if they wanted to gather more information about it. Using them can be taught to all of us, it is actually easy. They might want to hold it or maybe just use it to pay online or order online, it is on them. But making them understand what is all that, that would be really hard knowing how hard it is to teach them that.

It is difficult for old people to understand bitcoin specially if they are not updated to the new technology or simply contented to fiat and other popular payment system.

But I think it would be easy to say that bitcoin is a digital currency that is use online and has a volatile nature. Nowadays there are already many resources that can help on how to explain clearly about crypto and how it really works. If elder people are interested to know further about it I think they can grasp because its not too complicated.

Yeah, lol.
I think this is the hierarchy: computer, mobile phone, internet, online banking, and bitcoin.

the problem is not only for old people but for people with conservative-minded as well.
"How can you get money, if you always stay at home?"
even cashless payment is difficult to understand ;D

Educating people about bitcoin is challenging, yet exhausting.

For me, bitcoin is a kind of gold, but in digital form.
When they asked me more, I will say yes to everything they said about what bitcoin is. LOL.

Yeah, I think if I am going to explain it to an elderly who do not have a keen interest on technology, I think just stating the benefits simply is enough. I don't want to go that much into details when I know in the first place that he/she doesn't want to know the technicals about it. But, surely, I will tell them that if they would like to know more about it, particularly the technical side, then I will be very much willing to tell them all that I know. :)

Not so easy, old people it is difficult to learn something new. Bitcoin is too troublesome for them, bitcoin has both economic and technological value. If you want to refer you please introduce Bitcoin as a currency in your bank account and easy to transfer to others. Please explain simply not too mechanical. Good luck.

I like the idea of ​​teaching older people how to send and receive bitcoin. As well as doing it safely, accompany people when making their transactions so that they gain confidence in the new technology that they are learning.

It seems that it is difficult but not impossible. Just try us with love and patience that it is possible. This is a video I saw of an older man sending $FRM tokens to one of his sons. The video is inspiring because both of them are new to crypto.

https://twitter.com/TCryptoCurrency/status/1271219378994810880?s=19 (https://twitter.com/TCryptoCurrency/status/1271219378994810880?s=19)

That's right it's not easy to educate old people about bitcoin since mostly of it are always prefer the traditiontal payment system. Some could easily adopt this kind of system but for some not interested to learn. Yes that way through simple discussion could easily understand the oldies.

I think there is a way to explain it to older people, maybe you don't need to explain bitcoin but rather cryptocurrency
I once explained it to my parents and they immediately understood, all I did was explain cryptocurrency and the decentralized financial system then exchange at a local exchanger and make a withdrawal
I think they find it difficult to understand if we do technical explanation but they will understand if we practice it

That's certainly true, mate. "Where there's a will, there's a way". Basically, we have many centralized wallet providers (like Coinbase and Xapo) which are easy to use by anyone with limited to no technical knowledge. User friendliness is what makes the process of sending/receiving Bitcoin a much easier one. To my surprise, none of the wallets I've stumbled into have accessibility features. This could prove to be quite challenging for the hearing or vision impaired, limiting Bitcoin's adoption in the mainstream world. Since most elder people have either vision or hearing problems, they'll be unable to use Bitcoin in their daily lives. At this point, it's recommended that a custodian manages the elder person's funds. If Bitcoin's popularity continues to grow, centralized wallet providers might someday adopt accessibility features.

Nonetheless, I have to admit that there's a lot of education material about Bitcoin available through various sources these days. We have books, videos, web articles, and more which helps anyone new into crypto get started with it right away. No matter what our efforts will be to drive old people into using Bitcoin, the majority will stick to Fiat because of its ease of use. After all, Fiat can be used physically without any Internet connection (or electricity) whatsoever. With years of trust being backed by the government, it's no wonder why most old people haven't switched to digital payments for day-to-day transactions. I believe that young people will be the ones that will truly adopt Bitcoin (and other cryptocurrencies) for their own benefit. Just my opinion :)

It is unlikely that old people can already be taught to understand bitcoin, and even more so to teach how to work with cryptocurrency. This is no longer their time. Most old people don't even want to hear about cryptocurrency. If they do not see money in their hands, it is not money for them.
A significant proportion of people will soon be working with cryptocurrency. These will be those who are now attending schools and preschool institutions.

Just the truth and this is the fact.

I think this bitcoin and the technology behind on it is for the millennial people who are willing to understand about techy related stuff. Old peope will never understand cryptocurrency, one factor is just because they can't able to read properly those codes and numbers and what on their mind is traditional method of payment. But I will not consider this in general, I saw that there are some old people still can manage gadgets like cellphone and laptops, it no make sense if they dont understand related with bitcoin.

I feel that old people generally don't like to be taught. And so I think the word 'teaching' is not the proper term to be used for them. I guess it's more appropriate if one does it in a manner of somewhat like sharing stories about bitcoin. Old people like to hear stories of all sorts. It somehow gives them the ability to use their imagination and develop their critical thinking. By a story-telling approach, I believe the old ones are more inclined to listening especially when once in a while you insert it with some nice jokes. They like to smile, to laugh and to be merry. It takes time though for them to understand much about bitcoin but, for sure, a basic understanding about it would be easy and achievable.

I think parents in the past find it hard to understand bitcoin sometimes my parents don't understand why I can be lazy in my room and only look at computers and cell phones that don't work but when they get money from new cryptocurrency jobs they understand that work doesn't should look wherever technology can be of great help to many people. then they understand and I will teach how I work in bitcoin with the understanding that they can accept but I will not teach them to work in cryptocurrency because this is very risky when we don't really understand unless we can meet face to face with experienced

It is not that easy actually and let just encourage them to learn more about cryptocurrency by sharing how they can get an opportunity to earn by trading with bitcoin like the stock market. This is not new since stock market trading is already known from all over the world who are doing stock market exchange trading. Now, with bitcoin it will be easier to earn with high market volatility. But still the user must be aware too the high risk that bitcoin also could bring that could lead to high losses. As we all know that bitcoin haf experience market crash often.

As simple as possible because they don't care about Bitcoin relative to conventional currency. But if the elderly are those already working in a business or technology environment, then they may be able to care about and understand bitcoin faster. There are too many multilevel models involved in bitcoin right now, and that sucks. My parents didn't accept bitcoin and they mistook bitcoin for a scam. They would rather deposit money in banks or buy real estate than buy bitcoin.

I find it difficult to explain this matter not only to elderly people, but to all the people around me, but I simplify and facilitate things by explaining the features of these digital currencies and tell them that it is a new way of money and quickly pay online without using any tangible financial papers.

good idea . why i never think of that ? bitcoin is new but trading stocks isnt.  usually those who are involved on stocks trading are middle age to mature people  . you are right that if we use that as an example maybe we can increase our chance of getting them to try bitcoin . stocks are still indemand today  . on news on tv , radio , news papers and others, theres always info about stocks.  we can tell them that bitcoin isnt popular yet but soon , btc are also going to have its daily updates publically .

if indeed they are interested in understanding bitcoin they need patience and thoroughness to teach it,
but my question is whether they are interested in learning it ??
I am sure they are comfortable using paper money and do not want to bother using Bitcoin with all the technology,
but that doesn't mean parents can't, there must be some parents out there who already understand Bitcoin.

That is for sure. Since most of the older generations are more inclined with traditional way of doing things, adjustments are expected to be done on their end. It is not easy but it doesn't mean that they cannot learn Bitcoin.

It is safe to say that my father belongs to the older generation. He showed a lot of interest in Bitcoin mainly because he kept hearing about it on TV. I had the same doubts as OP and I was trying to find the best way to help him understand and get interested in Bitcoin.

Since he likes to read, I concluded that the best thing to do was to get him a book for beginners. A few days ago I got him a book in German. He doesn't speak English and the topic Bitcoin and Crypto isn't covered that much in my local language. I saw him reading it the first day and after that he put it aside. I could see that it is not his thing. :-\

I haven't asked him why yet, because I am still hoping he will give it another try. The first part of the book talks about fiat money. My opinion is that he probably read something he didn't like about fiat money and abandoned the idea. The older generation is stubborn, and they don't see any benefits in crypto and being their own bank. They went their whole life doing the opposite.    

It is indeed very difficult for old people to learn new things, my parents who are 60 years old chose to keep using cellphones
old model, rather than replacing using a more sophisticated android phone. Especially regarding Bitcoin which is more complicated,
It takes patience to teach old people to really understand Bitcoin. Do it slowly and gradually in explaining Bitcoin to old people,
even better old people practicing using Bitcoin too, that's make understand more quickly.

I will probably simply tell them a "bank" on the internet that is owned and controlled by honest participants/users/community without restrictions.    Bitcoin is more than a bank though, but to avoid confusing them, I will just start with "a bank" and gradually let them understand it properly/fully.

maybe it is a burden on your shoulders, it is very difficult to invite parents to join cryptocurrencies because most parents don't know about technology at this time, so we have to teach how to use phones and laptops, after that we teach one - one by one about bitcoin and altcoin. I think it took a very long time to teach parents about bitcoin because their memory is weak.
My advice is if parents find it difficult to understand about bitcoin, we better borrow the money to trade and invest and then the profit is divided in half.

Yes, there are still a lot of old people like your parents. Even some people are not familiar with old model cellphone let alone bitcoin/crypto currency. A huge amount of people are still now illiterate.

Some of the old people was illiterate and don't have a knowledge about crypto currency. They may not aware about smart phone also, but still they have huge intrest on the factor which deal with money. Even my grandpa is illiterate and don't aware about smartphone, since you can't get 10$ easily from him. They will have more eager towards money making things.

Its never been easy to make these old people do learn about Bitcoin or even telling them the basics would really be pain in the ass.I cant think of any other way or basics of the basics trying to explain on what bitcoin is all about.Most of them doesnt really tend to hear out nor accept new innovation on todays generation and rather do stick out with that traditional fiat system. Trying to explain something that is out of their grasp would really be
challenging.It depends on a certain elderly if he/she's open with these stuffs because there are still some who still get curios when someone do introduce new things to them. Why not just letting them see some
youtube video? I think this is much better rather than explaining it verbally and it do save up time and hard work on doing so.

Agree, especially if the old people are not that good at using a technology device like smartphones, it would be very difficult. But if you really want to explain how to understand Bitcoin or cryptocurrency, try to explain how digital money works and I guess they will understand it as money stored on the internet. Explaining blockchain will be useless because it's already a complex term and I doubt that they will remember any term or explanation about it.

If they're using smartphones and aware of online banking, it's similar but the difference is bitcoin has its different market and it's decentralized where no one controls it. Don't be specific on explaining some terms, just mentioned those easy-to-understand terms.

The old people, in general, do not want to use modern technologies they think that those are complicated and not meant for them. They usually don't even have the curiosity like a child, we need to make them curious about BTC by telling how it is changing the world economy, in future, it is possible to construct an economy without a bank. Lastly, if we can gift them some BTC then they become curious about BTC and will start to understand maybe.

It would be challenging to explain how bitcoin works to elders since bunch of them aren’t really open into new understandings especially those who are contented with what they already knew.

There could be a lot of factors that could hinder how the information you give and say could reach them like the usual communication barriers. However, it’s not impossible to do so.

By being meticulous with your choice of words and analogy, you can always make them understand what bitcoin is. You should have a proper open communication when you’re explaining things out to an elderly. Always choose the simple terms, situational examples, and comparisons to make them understand what you’re trying to say. Teach them the basics and fundamentals and let them figure it out little by little while you’re guiding them.

Tell them the pros and cons, do’s and don’ts, give them some tips and tricks but don’t fed them with so much information at once. Entertain their questions and clarifications about what you’ve said and i think by then, they could properly understand what bitcoin is.

I think the best way is to go down to their level and not them going to your level avoid hard to understand terminology, and if there's a terminology that you want them to understand translate it to their language or meanings that they can fully understand, old people as we all know comes from a different generation, you have to understand the generation where they come from.

And if you want to make it easier, I think you should target a specific group of old people. If you will randomly get old people just to tell them about btc, it will somehow be hard. Try targeting old people who live their life around the aspect of money, banking, investments, stocks, technology etc. They will be interested about it as long as you are good in explaining. But of course you can still try other group of old people specially those who are not even aware of the technologies we have right now. Goodluck with that OP.

There are only a small percentage of old people that are in the banking sector or in finance and most of them would be knowing what is bitcoin but they have spent their entire lives doing transactions in fiat and now they would not be as flexible like a new comer adult in the same industry, just have a look at Warren Buffet, he don't want to indulge in bitcoin maybe because he doesn't like that much volatility and want to play safe with his billions of dollars now in his old age, I guess it will be better to make the adults understand about bitcoins and also the children, they are the future of the world.

The easiest way for old and old people to understand the bitcoin system is to try to find examples in their lives. You can use the political system as an example of decentralization - for example, communism or anarchy. And how centralization is a dictatorship or a democracy.

People are individually unique. We cannot see the level of enjoyment and awareness of the people when they are using technology. Maybe, this is easy to other specially those who had education but there are older people who can't take any changes. I think we cannot force them to know all about cryptocurrency because it might just end their lives. Sharing only about btc is a good way for them not to be ignorance. After all, the dedication they will put in order to know is their liability.

You have to add the first filter to be used as a reference for someone whether or not to use bitcoin, namely smartphones.

Make sure only old people who can use android should be your target.

After that, you just have to give them education about new payment instruments, then you teach them to pay using bitcoin, that way the longer they use bitcoin, the more familiar they will with bitcoin and by itself bitcoin will be easy to use.

We had an encounter on when an elderly got really excited to learn about Bitcoin and other Cryptocurrencies. He said that he already heard about it but did not engage into further understanding about it since it sounded like a fraud or impossible way to earn money. He got more engaged when we told him about unlimited possibilities to earn Bitcoin by only using a mobile phone. He then later further studied how to mine properly and now owns a mining equipment for Bitcoin. We can teach old people that it is still not to late to learn about Cryptocurrencies since there is always something new to learn about.

I really like what you said "end their lives" hahah.
Yes old people should be left alone at which most of them are best, they should enjoy their retirement in peace, although my grandfather isn't like the rest, he knows a lot about finance and investing as he started from zero and was living paycheck to paycheck in the start of his career, but after coming from work he used to do research about investments and used to meet people and eventually his hard-work paid off and he became a millionaire by investing in rental properties and some other third party collateral free loans as the taker really pay huge interest on the principal in those types of loans, so he used to teach me a lot about investing in my adolescent years.

If you ask how to explain Bitcoin to old people, I will share my experience. I have parents who are not young anymore, in the beginning I explained Bitcoin to them in 2017. I explained to my parents that "Bitcoin is a digital currency, which has a limited supply, and has fantastic value. easy to make transactions in large quantities anywhere and anytime. And the unique thing is bitcoin can be mined and traded ". At least that's how I explained Bitcoin to my parents.

My parents understood this quite well, although they do not understand the technology, but they understood the essence and what its purpose is.
They realized that the traditional method of payment, as well as financial institutions must adapt, modernize their outdated technology and that each person can have their own bank, ie be a bank.

And how about their response, I'm sure even you share that kind of experienced and knowledge the reaction is not the same with how you understand bitcoin, old folks are very skeptical in terms of currency, most likely they will just say yes but the truth is they will not really put it inside their heads. They will continue to support what they regularly use and will be hard for them to adjust in new things that they are not really understand.

Old like 95 and partially demented?

Or old like this 73 year old women?

Look what she taught herself in 2 years from 71 to 73

Her name is Joan MacDonald

I bet she could learn it.

My point is motivation comes from inside. I would think Many 71 years can't learn BTC just like many 71 year old can't do what she did in 2 years.

So my first suggestion is ask them if they want to attempt to learn about btc. If yes maybe  you have a shot. If know move on to the next older person and ask them.

https://i.imgur.com/u0BjlTb.png

Old people cannot easily understand new technology, so you have to work hard to carry out what you are aiming for. I think it's better to start the approach first, you know old people prefer the taste, so if old people think you are a good person then they will listen to what you say. followed by a simulation of use, exemplifying the use of bitcoin, old people find it difficult to remember the theory so take a trial approach. Then that's how you work hard to do it over and over until the old people understand how bitcoin works.

I think the Bitcoin community should build Webinars and training center's where they could learn and practive the deep universe of Bitcoin and other altcoins. Teaching them step by step and move to more advanced complicated lessons.
Teach them the essential of Cryptocurrency asset and how its much safer than putting money into banks.

Nope, bitcoin discussion is not easy to understand especially the average user. But, of course it will depend on the interest and the motivation that one has to learn. The best example to learn in the forum is to include earning or profit that one could get for free without having capital. The forum is the medium to it for learning because of wide information being desiminated here. Another thing that one could learn is a one on one learning or group discussions of informal or informal class depending on the one who organized the learning process. Laymans term is very useful for this kind of activity introducing bitcoin or cryptocurrency for the newbie of this field.

Unfortunately, there's no other way to understand bitcoin apart from doing research. Part of the reason is the fact that even if bitcoin has been around for over a decade now, it is still considered a new concept. This is why any transaction involving bitcoin comes with risks, which you can only avoid or manage if you fully understand the ins and outs of cryptocurrency. The less you know, the more susceptible you are to making bad decisions. Simply put, there's no shortcut to learning bitcoin, and giving people a shortcut means putting them in harm's way. What you can do, however, is use imagery (objects, situations, or processes that your listeners are familiar with) when explaining bitcoin. Hope this helps.

You need not waste your time to make understood the old people. There are many young people who need to understand bitcoin. It is very much necessary to participate all the young generation into bitcoin transaction for creating a bitcoin revolution. When bitcoin revolution will occur, old  people will automatically eager to understand bitcoin.

I don't believe that it's hard for old people to understand bitcoin. Compare bitcoin to gold, explain how it's immune to inflation, point out that it's much easier than gold to hide, store and secure bitcoin.

Age is irrelevant. What matters is that a person is tech-savy and sad to say - many many folks of all ages - including the young'uns are not. Far too many folks have no idea how everyday things work (eg the internet, smartphones, browsers) and risks associated with blindly 'just using' them with no safeguards in place. Bitcoin and the plethora of shit altcoins are no different in that respect.

Btw why do you think that it's hard to explain to elder people? Well, you can't make them to download electrum and save keys, seeds and etc and to be fair it doesn't worth to risk that much because in older age, memory is getting worse and you know, your bitcoins once gone/lost, gone/lost forever. On another hand, you can kindly explain that it digital money. Like they have card to get their pension from ATM, that money is on cumputer and they withdraw it via atm and after that there is zero on computer and same applies to bitcoin but it's a little bit different system, more likely encryption. You can search transactions like you can search telephone numbers in book (in past there was such thing so elders will understand). That's all, plain and simple.

parents will find it difficult to accept and understand bitcoin, the easiest thing you can do is try to show your parents bitcoin profit. it is a good move and the parents may easily accept it

Or better yet send some of your profits to their bank account.
They will surely believe there is money in bitcoin or crypto.
That's how I believe that there's something in crypto a long way back in my crypto life.
Someone close to me sent few bucks in my bank account via local crypto exchange.
And at that time, only few banks were accepting money transfer from a local crypto exchange.
That's when I started to look into crypto and using faucets to earn satoshis, and they were generous at the time because of course the value was still low.

Why do they need to know how exactly those technologies or devices work? If user interface is convinient and easy to master and use, that is enough for most users. Adoption of any technology will grow only if it is easy to understand and operate. Bitcoin has this problem too, it is still a technology that require additional skills, knowledge, experience, etc. It is not yet suitable for older people, because they barely want to educate themselves, only few do. When elder people ask you how to buy a cup of coffee with bitcoin, what will you say? First of all, you need to setup a full node in order to validate own transactions and then connect your mobile wallet... sounds ridiculous. It is too early to explain that to old people, because it is complicated. It is complicated due to immaturity of technology and poor user interfaces.

Just make the language easy to understand

Even how Easy language you used still if the Old people cannot agree in technology and Internet then nothing will happen still.
Remember that Older generation has their own rules and beliefs and this is hard to take from them since we can try asking our grandfathers and see whats their reactions lol.

But let us just try and try maybe in the long run they will open their eyes and try to listen to what we are offering to them.

   NotFuzzyWarm I agree with you, age is irrelevant here. It's true what you wrote about people who have no idea how
everyday things work, many don't show any wish to learn more, to educate themselves, it's like they are satisfied with
what they know. These people will never understand crypto-currencies, if they join they will learn how to set up a wallet
and how to spend crypto-currencies, not more than that.

People have got difference of opinion in educating or making people understand what is bitcoin, I've suggested mine, but none found my suggestion a possible one. Upon the same I find it hard for the elderly to know about bitcoin, because even the younger generation who are good with technology find it hard and believe the existence of cryptocurrencies.

Without special, and most importantly, understandable training, it is hard enough to tell what it is and how it works.

Elderly people in general do not want to use modern technology, their technical knowledge is very low. I agree with you that their peers should understand them with complete knowledge of technology. Besides, they can be explained about making money from here.

It would not be easy for them to make it understand but if they believe you or they are known one to you then you can explain the advantage, what are the features, share your personal experiences and how it has added value t you and also how someone or yourself made some money from it etc. This might just help the to get some insightful on this.

when the adoption comes like we all need to pay things from grocery stores using the wallets of cryptocurrencies or maybe even the digital fiats, there may not be the need to explain it to them for they will have to crave for it that they will come to bitcointalk.org to learn more.

as for now all i would just say is that they can use the QR codes to send and receive BTC and Bitcoin is like money whether they like it or not.

Statistically it is relevant.

How many people in their 80s are tech savvy? How many in their 90s? Probably 1% or less.

How many people in the age of 20 are tech savvy? 30%? maybe more?

It depends on what country you live. Obviously, old people in more developed countries will know much more about technology while the ones in third-world countries will likely not even know how to use a phone or the internet. In the latter case it is almost impossible to teach them how to use Bitcoin. The learning curve is simply to steep for a 60-70 year old man with no technical background.

For what I know, old people are reluctant to change. They don't want to get out of their "comfort zone" after being accustomed to using physical cash for a long time. Seeing the elderly using Bitcoin or any other cryptocurrency is a rarity these days. Those willing to understand how Bitcoin works and how to use it in their daily lives will be one in a millionth. Old people will continue to use physical cash until it's completed phased out from existence. When CBDCs are introduced, old people might as well continue using Fiat instead of Bitcoin or any other cryptocurrency on the market because of their price stability.

But who knows? In crypto land, strange and bizarre things happen. There could be a possibility that some old people will become interested in using Bitcoin in their daily lives. It's up to us to spread the word out there about the true benefits of Bitcoin relative to Fiat. With so many educational materials available either online or physically, it becomes easy enough for anyone to understand the "mechanics" of Bitcoin. The only thing one needs to be concerned of is the lack of user friendliness in Bitcoin wallets. But that's changing at a slow and steady pace, as developers work hard in order to make Bitcoin wallets as friendly to the user as possible. This will trigger massive adoption in the mainstream world, leading everyone from kids to adults and the elderly using Bitcoin for day-to-day transactions. Just my thoughts ;D

I agree with your opinion, maybe through a webinar and explained in detail with a projector, maybe all parents will understand, and not only that if we want to really explain with parents it's good to schedule meetings at least two or three times a week so that they quickly understand how cryptocurrency works and how easy it is to use cryptocurrency for payments and purchases using Bitcoin or Altcoin.

I am working for my grandfather to understand and try to check Crypto as an investments since he is still active in some businesses but he never give any importance,always saying that he is not interested and contented in His real business with real money involvement lol.
They are not concern about the wallets instead their mind is not ready or capacity to absorb another form of investments and they are believing in real money in hands instead of virtual.
Maybe all i can advise is never stop,let Them see your progress and maybe in time they will decide in sideways.

I am agree with your statement that television plays a key role in eldery people's choices. Lots of them still do not understand that TV is just a huge mechanism of manipulations. Sometimes even in case people among elders use computers, Internet and even online means for payments or so, they still used to believe to the news and statements of government representatives. But I saw and met among elder people lots of who are very deeply involved into crypto world and even always hold their finger on the pulse on the new directions in crypto like DeFi, different new projects and so on. In my opinion it is better to choose people who are active in life in general. Because those elder people who prefer stating at home and watching TV, live only for payments from the government, they will not be ready to leave their comfortable armchairs and to accept changes even with some perspectives. It would be easier to explain the topic of Bitcoin and crypto, because active people in life in general are more open to the new views and information, they are not afraid of trying something new and to change something in their usual life. And first of course - it is better to show them new opportunities that may appear in their lives in case of using crypto and Blockchain.

Why not? Just because they are that old means they should not be tought about the matter too? What you are saying is a kind of discrimination tho. Age discrimination perhaps.
It's okay to teach old people about new technologies. Bitcoin might be helpful for some part of their lives such as but not limited to conviently sending/receiving funds, and making payments.
That should help because old people mostly need more rest. Less effort, more rest time for them.

I'm pretty sure older people will have a hard time understanding Bitcoin. Why? Because there's a lot of jargons involve and they don't know the street language like the local currency.

Of course, it will be difficult for older people to understand bitcoin using new words and slang, but our task is to explain to people of different degrees of development in such a way that they would understand it.
In the wording that they understand. After all, bitcoin is not something supernatural, it is a technology that works in a certain way, and can be explained in completely different ways and examples.

To be honest, it is great for them to use such technologies but I don't think we should force it to them. It is great for them to learn using them, but do you think it will be interesting for them? I think almost all of them will not be interested in it, that is the reason why this is hard. Most of them are not even interested in computers and mobile phones, how much more making a transactions using bitcoin.

Why not make an app or a website that has an easy interface that can be used by the olders.. Its sure not just helping the olders to understand how to used bitcoin but also helping a lot of newbies that wanna joined bitcoin also.. Some olders might be have no clues at all how bitcoin work but if we can convince them to try to used bitcoin im sure this will make thing different.

The biggest obstacle to your suggestion is that many of the parents don't own a smartphone...
old people will be easily offended if taught new things by young people so I think the best way to tell them is to patiently guide them, for example by buying them an item using the money generated from selling Bitcoin or buy using Bitcoin then they will automatically believe that the Bitcoin is very useful.

well its possible but not so easy I guess. And there are a lot of people who could scam them......

It would be very difficult to teach the elders about bitcoin if they also did not understand today's technology such as computers and smartphones.
surely they will still choose the traditional way that they have understood for a long time.

In my own basic explanation, I will explain to them that Bitcoin can buy goods and services on the internet. It can also be withdrawn using a bank account in my country. I will tell them that it needs to be converted in local currency using an app or exchange in order to withdraw it to their bank.

Totally true, if they do not have fundamental knowledge about the modern technology then you better start with that one because it will interconnect along the way. In my opinion, educating elderly about bitcoin and modern technology in general is a pretty good thing because most them will be leaving inheritance and there will entitled pieces of shit family member that will try to trick the inheritance, if we encouraged the education of elderly with modern technology then more entitled POS family member will not be able to trick them.

I think the first step is to explain how their local currency works, and why fiat currencies have no intrinsic value.

TV ads about Bitcoin could greatly induce the elderly into knowing more about it. However, such efforts could be in vain as most seniors aren't into the latest technological breakthroughs. All the "technical jargon" surrounding crypto/Blockchain tech, makes everything look complicated especially to non-tech savvy people. The elderly are better off using physical cash for daily payments, as it won't be going anywhere soon. It might take decades before the world's economy fully transitions into a cashless one. While we're in the "transition phase", physical cash will still be a relevant payment method. I'd expect the elderly choosing physical cash over Bitcoin because of its easier learning curve and price stability. Only a small minority will use Bitcoin as an alternative financial system for their own benefit.

All in all, young people will be the ones that will adopt Bitcoin to a full extent. It's evident that old people are reluctant to change. They're accustomed to the traditional way of making payments via the legacy financial system. While it's not that hard to make the elderly understand how Bitcoin works and how to use it, most of them will continue living with Fiat. There are many educational materials available on the web right now that you can use to carefully guide old people into the "crypto revolution". In all ends, the decision of joining Bitcoin will ultimately lie on the person himself. Just my opinion :)

That is actually a great idea BUT placing it on public advertisements means that it won't just be introduced to the elderly. It would also present Bitcoin as an usable Currency that people can gain money from. It would go through lots of processes before making it into an advertisement since networks won't advertise what they do not understand. It would still be a good idea to just show results and outputs from what can we benefit from Cryptocurrencies. In that way, people who are only interested would be entice to ask necessary questions.

Are there any TV ads as of now about bitcoin? Cause I think ads about this technology are only available online and in the internet, example are youtube ads, blogs, and social media ads. Never seen one on a TV because of the cost maybe of an ad per 30 sec on TV. And also maybe because our country doesn't even care about the existence of bitcoin, and its kinda weird to see one about it on TV tho.

One problem also is how would you create an ad for bitcoin that will not look like a scam, cause you already know by now that bitcoin has this image of being used as a scam and for illegal activities. There are also a lot of spammers in the the internet posting copy paste bs about bitcoin. The ad should look professional and interesting. That's really a problem for all products but somehow there's something making it harder for bitcoin to be trusted.

Agree, only the neccessities are being advertise on the tv so it's kinda weird if you saw a bitcoin ad on national TV. But if they interacted with technology devices such as smart phones or computers, they will probably see ads that's related to cryptocurrency. Actually, tons of influencers are promoting platforms that's related to it and many ads are popping up when watching YouTube.

The only thing I desire for bitcoin is to be adapted by the government so elderly can acknowledge the potential of bitcoin in our society. As of now, bitcoin is threated as a scam asset because of this people who're creating scam and ponzi that involves bitcoin to their greediness.

Scam is everywhere and does not only happen with bitcoin but also a lot of time with fiat. Because bitcoin is such a valuable asset that some people make it a place for fraudulent acts like ponzi and other scam investment.

I dont think ponzi and scam will ruin bitcoin big name and also make it a fraudulent asset because its too extreme to say. One thing is for sure, bitcoin still really need government support whose goal is to prevent abuse that has the potential to tarnish the big name of bitcoin itself, such as money laundering and also narcotic and other illegal transaction.

People are different than one another and most of the seniour citizens do not want to learn new things like that.So,Here is a suggestion,let not try to make them understand about the bitcoin.Just increase their curiosity,Sending the link with an attached thumbnail like,earn money at online Or something  that they are interested.It will help you probably to understand them about the bitcoin.

It is unlikely that we will be able to teach the older generation to use Bitcoin and other cryptocurrencies. It should be admitted that this is no longer their technology or their time. It is generally accepted that a generation changes every twenty years. Another ten years and the new generation will be completely ready to work with cryptocurrency, and the old generation will gradually leave for another world. Therefore, nothing needs to be changed. Let everything take its course.

If people don't even know how to use e-mail then there is no chance of them using bitcoin.

The best thing to do is wait for newer generations to come who are savvy with this technology. So better to have constructive coversations with elders why their local government's currency is flawed. They lived long enough to witness the steady inflation too so they will understand this quicker than a younger person.

I don't think that the old ones can easily understand what is going on here in crypto world and what crypto currency is. Come to think of it, when using technology like computer, laptop or any other gadgets they are hesitating because they don't know how to use those gadgets and it is really difficult for them to understand how does those gadgets work so much more on studying about crypto currency? It will be difficult for them also.

If that is the problem that you are seeing, then there is a solution for that. They can always start with the easiest part where they can be learn on how to use social media platforms, etc. Especially right now, old people tend to have something to do since they can't go outside due to the pandemic. Over time, they will be able to use this technology as long as there is someone or something that can guide them like youtube where they can watch tutorials or anything that can increase their knowledge.
Old people are always willing to learn, they are also competitive when it comes to new things like technologies, they are only being left behind because no one is guiding them.

That's certainly true, mate. Since old people are reluctant to change, young ones will take the world by storm. As time passes by, most (if not all) people will have heard about Bitcoin (or know how to use it). As you've said earlier, we need to let everything take its course. Needless to say, there will be some old people that will find Bitcoin interesting for their daily lives. They will take their due time to study all about crypto/Blockchain tech over various educational materials such as Books, Magazines, and even videos on the Internet. The hardest part is making old people believe in Bitcoin, instead of making them understand how it works. Being accustomed to physical cash for a very long time, will make you think twice before changing your way of life.

In the end, young people will become the "technological generation" embracing digital payments in every way. This will make governments' and central banks' lives easier as everyone will know how digital currencies work. With this, CBDCs will be able to launch without any hassles in mainstream adoption. Ultimately, the old generation will be "phased out" with the traditional monetary system backed by cold, hard cash. Just my thoughts ;D

Make it simple. I explain by "You remember back in the day you paid for everything with cash, and then sometime in the 1980s you got that plastic thing called a credit card? Bitcoin is like the next credit card, except there tons of new cool things that you can do with Bitcoin that you can't do with a credit card". Then I continue by "I'm interested in crypto because I don't like the way the money system is due to its debt". I didn't really go into detail about bitcoin, because I personally don't want people to invest in bitcoin.

It seems like it's quite difficult to teach old people about bitcoin and is it useful for them? do they need it?
if old people want to invest they will prefer to invest in things they have known for a long time such as gold and property.

Its not quite easy to teach older people how to use or understand Bitcoin they are used to the traditional ways of transacting  although not all would lack the understanding of it cause there are still elderly people who a quick to learn and understand... but if they can't understand  suggest a long term investment ...

There are big differences between old and new generation people. It is not easy to make an old person understand a technology that he/she doesn't care or isn't even curious about it. It is not just about Bitcoin. There will always occur new things and it will be much harder than before to make old people understand them.

It is not just an age related issue, ergo me changing the subject line...
Considering just how many folks here in the Forum seem to think that any cryptocoin is "Bitcoin" a good place to start would be making it clear that only BTC is 'Bitcoin'. All others are alts and of course most (but not all) are pretty worthless...

Depends on which age group and country/culture you're talking about. I feel like in my culture the only right thing to do is avoid explaining anything to them and turn all this energy towards open-minded young people that happen to be ill-informed in cryptosphere

Actually it's not easy to make people understand about Bitcoin, because Bitcoin is quite complicated. Moreover, people who really
do not understand technology, definitely more difficult to understand about Bitcoin. Even I, who is still young and understands
about technology, it took several months to fully understand Bitcoin. It must be that old people over 50 years of age have a harder
time understanding Bitcoin. To be able to make old people understand Bitcoin easily, we can start by comparing Bitcoin with real fiat
or gold, which is better known by old people. Once they understand, we can explain how to buy and sell Bitcoin. And most importantly,
explain gradually, because we know that old people has a weaker grasp of understanding something.

Hello to all. Why are "old people" referred to the category of people who need to be explained something. The older generation, at least in the vastness of the former Soviet Union, having a secondary education, knows a lot more than some graduates of today's higher educational institutions. I think that on this forum, more than half of young people hardly understand Bitcoin - they only use simple preferences that cryptocurrency gives. Do you think an old man needs to understand a lot about Bitcoin? He just needs to explain the advantages of cryptocurrency, and old people will figure out the technique of handling cryptocurrency faster than a schoolboy.

Because people have the notion that most old people don't know how to understand new technology, and crypto is one of them. But sometimes the reason why they don't care is because they are already happy for what they have. They don't care anymore about advancements in technology. So it is really hard to explain to them if they are not willing to adopt it. But if they will try to understand, they surely can.

I'm surprised to notice it's almost every where it could concerns, not saying because one country is technologically developed so theirs is already solved. Our old folks also need to know how to make little participation in cryptocurrency if we would agree to make it a global currency. The first thing I will say is, it is our responsibility to teach them to whichever extent they can know and help with anyone beyond them. Trying to create a simpler wallet or modus operandi cannot be trusted, because wicked young ones are many out their who are still lazy and wouldn't mind to still get into their little token.

It is more on they are already happy in what they have.

These people or the Old people mostly easy to be happy,their desire becomes more little that they can adopt what they already had and not looking for another one.
I have already experienced that with my grannies ,and that is why OLD people is not interested in crypto.

Even if you want to, you can't teach old people a lot at once. If you want to work with old people, you have to work step by step. You can give them knowledge about these things first. Why Bitcoin was first created?. What is the purpose of making bitcoin?. How does Bitcoin work?. You worked with a great purpose so good luck to you.

I think they don't mean it that way. I also know old people are really intellectuals, its just that the topic is about technology, and I don't know but in my case, almost all the old people I've known are not really good with technology. They are all so good with life and other things they specialize but when it comes to new technology, they are lacking information.

You also have to understand that newer technology are really hard for them to understand especially if they grew up without technology, and throughout their life they focus on just one specialization, their work for example. Well some old people are good in technology cause they are into development pr in the industry of the technology, but some are into other industries.

Some kids are good in technology cause they grew up with all the technologies around them, and when you are growing up, its easy to learn all the things in life, language for example.

Old people I know doesn't even own a phone, and try to compare it to every kid nowadays that own an iphone or an android. See the difference? It doesn't mean old people are people who need to be explained something, its just that the talk is about a technology. So it will be hard to explain this technology to an old people who doesn't even know its way to a high tech phone, or a computer, or an android one.

When it comes to sharing your bitcoin knowledge to elder you can't really just teach them what bitcoin is. I think the best way to share it with your elder is to help them to experience bitcoin and actually use it. If they already know how to use bitcoin or they are already using bitcoin everything is just gonna be easy for them to understand. And for they will be the one that is going to be curios in bitcoin technology and make their own research about it. Bitcoin adaptation is just the key so that people are going to use and understand bitcoin. For use, old people are not used to technology but they are going to be interested bitcoin because of how it works.

You can share your knowledge to the old ones through step by step process because they can only understand what is bitcoin and how is it works in a very easiest way co'z we all know that they have the not so good memory because of their age. We can also encourage them through sharing our own experiences and showing them our proofs of earning.

Old people are not as gullible as you youngsters.

Perhaps its the young people who don't understand how stupid this bubble is?

Over time the millennial generation will replace the role of parents, so I think explaining to parents about bitcoin is currently not very important either. Honestly, my own parents are not working because I asked them to rest and enjoy retirement and also, they don't fully hold the money because other needs and expenses have been replaced by the role of their children. So what's the point in explaining Bitcoin to parents who basically have to rest to enjoy old age or retirement.

Since you are targeting an old people it's better to have an old one to explain this to these old people because they understand each other's language, you can pick one older guy to train him one on one to teach old people, you can hire him or pay him to teach other old people, the old guy that you are teaching, should have his own module suited for old people.

They are old.

I don't think they would be attracted to something that would earn themselves money. Remember, most of these people have their money out of retirement and they are just having fun with what they can do in their house or with their family. I think it would interest them if we could make them understand the convinience they'll have using it, if they are gambling we can interest them to use it in an online casino, something like that.

Trade in front of them

Exactly. Bitcoin is still complicated to use, despite many wallets having a user-friendly interface. If you want to use crypto in your daily life, you'd need to have some sort of technical knowledge to be able to dominate the subject. The fact that Bitcoin transactions are conducted via electronic devices, could make old people's lives quite challenging. After all, most of them aren't accustomed to the latest technologies. I've seen many old people still using featurephones on top of smartphones, and even some of them don't know how to use a computer. These limitations will make it practically impossible for old people to join the crypto train. Bitcoin is more suited for young people, than anything else. Of course, if an old person knows his/her way through electronic devices, it'll be easy to introduce Bitcoin to them. Sending/receiving BTC transactions is easy if you know how to input or scan public keys/addresses on the Blockchain. The fee costs and other technical stuff are basically handled by wallets themselves.

Ultimately, future generations will embrace Bitcoin in every way. Old people will continue to use Fiat for daily payments as it's extremely easy to use. Not to mention, Fiat currencies are stable and backed by the government. That's not the case with crypto, which leads to loss of confidence in it. With so many educational materials available either on the web or physically, it's easy enough for anyone to understand how Bitcoin works and how to use it for daily payments. It will depend on the person's dedication to the subject than anything else. Just my thoughts ;D

The development of technology is very rapid and our old people don't keep up with it. But there are those among them who quickly grasp and learn to use certain innovations. Even in one family, a grandmother easily handles a smartphone, calls, sends messages, uses social networks, and a grandfather doesn't even know how to unblock it. The same situation with cryptocurrencies and bitcoin in particular. One old man will quickly understand what it is and how to use it, while another will not even want to listen. But this is their right. I think it's still worth educating the younger generation more.

The thing with older people or at least most people from any preceding generation is always that people find it difficult to accept change or learn about newer ways of doing something. ( a case of why change something if it's not broken thinking). As with any of the newer technologies most people of older generations have always struggled to adapt. Think about things such as email/ Mobile banking/online shopping etc and you will find most older people are still not proficient enough to do this largely because they do not trust these things enough or have not willing to educate themselves about these things. I mean i still often have to help my parents with things like online shopping while my grandparents just don't trust the concept and prefer to only buy things directly from a brick and mortar store because of a lack of trust in making online purchases.

So IMO most older people ( not all of course) will not bother about learning to use something new as long as they can still use their tried  and trusted methods first. And even then the interfaces for using Bitcoins need to get way simpler for them to use.

Elders probably already know what bitcoin is, since bitcoin have became a headline for a hundred times in some news articles. The problem is it will be difficult for them to understand it. In my country, there are news where bitcoin have been used in illegal things like scam investment so they have wrong misconception to this.

Can't imagine explaining it to my boomer family, don't see any reason either. I'd rather channel this energy into something more useful

It all depends on the age of the parents, because the ability to think in understanding explanations is difficult to understand because of the age factor that is no longer young.
Introducing bitcoin personally to my parents, only introducing what bitcoin is and not explained in detail because it will confuse them because it is very old, because most of my income comes from bitcoin or cryptocurrency and makes them curious which I finally tell.
  I prefer to tell or explain bitcoin to my relatives or friends and finally they survived and enjoyed until now.

I don't have a readymade answer for this. My father is 78-years old and I have been teaching him how to use a smartphone for the last 4-5 years. And even after all these years, he can only do the most basic tasks on his own. I have given up teaching and I guess he will be OK with whatever knowledge he is having. When it is so difficult for the old people to learn even the basic technology, I don't know how you guys are expecting them to understand complex technology such as cryptocurrency and Blockchain.

What if you are not an expert trader?and what the OLD person saw is Losses in your trade?then sure it will back out and will never look again in crypto.

better to encourage them to Invest their money since they have no other expenses and their money is just Sitting in their wallets or vault lol.
Reported already.

I have a thoughts that it would be difficult for old people to understand this technology knowing that this innovation contains a lot of sophisticated system. Though there are numerous of old people can easily to adapt but still majority of them were not. As a matter of fact most of them having a hard time to deal with this new innovation. Apparently, teaching it to young ones would be much better because they are the future.

It won't be easy because many of them are still behind, what i mean is ,many of then doesn't know modern technology and how to use it. The easiest way i think is to teach them one by one or let their love ones teach them so that they can understand it. Also in teaching them avoid to introduce bitcoin in a complicated way. Just make it simple so that old people can understand.

For now, a lot of countries are not exposed to digital transactions and still using fiat money as a mode of transactions, and it is most reliable to use for them since everyone knows it already.

I think someone could easily understand bitcoin when explaining to them or someone teach them how to use it.


Some countries that already exposed to digital transactions could easily adapt to cryptocurrency and bitcoin in my opinion. Teaching them or helping them understand how to use or what is bitcoin is going to be easy compared to someone that don't really up to this kind of technology. I guess you need to be good at explaining in order to help them easily understand bitcoin, their are only basic knowledge at points that they just to understand it and use bitcoin as a mode of transaction.


I guess we have the same thing, as I teach my father using a smartphone and operate video calls  its a bit difficult to help them know how to use it but overtime I can see some improvements.

Show them a way to invest, very similar to traditional investment instruments. For example, as there are deposits in banking, there are also structured deposits in bitcoin. Thus, it will be easier for them to understand and, perhaps, there will be a desire to invest in bitcoin. Gekkoin is a good example of such a company.

I definitely agree with you with this.

Most of the people who were born in the late 70's-90's are not techy at all. All they wanted is to listen in the radio, read newspapers and solve puzzles on it. Technical stuff like Bitcoin or anything about internet confuses them, especially those less fortunate, that is why when we reach the time where we are going cashless, they are the ones who are gonna left behind.

Though they are not completely hopeless, just like what you have said, we need extra efforts to teach them about stuff like this.

There are different and elderly people, some old people cannot understand simple new technologies, although there is no point in talking about bitcoin to such a category of people at all  ;D but I like the idea with an example of investment and deposit,  to explain  to them using the example of what they are familiar with.

It was hard for us from old people  understand about bitcoin, But as you said it was challenge for us to teach them or understand about bitcoin. And this era Ill think it is the time also to adopt them the way of cryptocurrency even do they are old people now because I know they can understand quickly if we tell them by step.

But some of old people are easily angry if we teach them something they dont understand so we need to be calm ourselves if that happen because the time they have now its to short.

It will be difficult to explain to the old people about Bitcoin when they have not had any experience with them. Make them more intuitive by buying something with Bitcoin for them. A small act that will make them more receptive than sitting and telling them complicated things.
Always say the risks of using and storing Bitcoin with them. I'm not sure they'll accept this part. ;D

I do not think that bitcoin is such a complex thing that old people and people of old foundations cannot do. This is essentially the same operation as the transfer from card to card in your online banking. Now Internet banking is used by the absolute majority of the world's population and this does not cause any more surprises. The same will happen with bitcoin. It's all a matter of practice.

I think to be able to let old people to duly and fully understand Bitcoin is you must adjust the way you introduce Bitcoin alone. Adjust yout approach and language into the simplest manner possible so that they could easily understand what you are trying to state so that you would be able to get their interest and attention on the topic. Just start up from the basic and as much as possible simplify complex and technical context regarding Bitcoin so that they could easily adapt on the flow of knowledge you are trying to get into them. Just put up the basic information which are essential on letting them know the importance of Bitcoin existence and of course usage and other related stuffs possible to make them fully understand Bitcoin. It won't be too complex dealing with old people to learn Bitcoin as long as you would take it easy on letting them understand it at the proper and simplest manner as possible.

First they need to get interested because we know how Old people think and their capacity together with their patience.
They become none patience in things pushes to them that they don't like.

I believe that it is better for them to at least Let see what is this,by showing them our activities.

the problem is if the people we are targeting is beyond our doorstep,it will be harder for us to attract them,Better do it first on those people that closes to us more.

Old people only wants to hear from respected members of their community who is also their age if you can get one respected and old members of the community to get involve in Bitcoin you will have an ambassador for the older or senior people of your community, they seldom listen to young people but they are open to new ideas it's just they want one of the to explain to them.

This issue is very technical because old adults, probably some of them are not good to use Internet, because I have seen that internet is the shortest way to study cryptocurrency especially for the young adults.
So from my views I observed that the best way to educate old adults who are interested and also bookish, is based on text book, after giving them the basic concepts of bitcoin like tutor. them have to use text book to memorise everything, because reading bitcoin with text book everyday will help to speed up the learning for old adults. While for the young adults should use Google and YouTube video to study for the interested one.

You may start teaching them the basics of cryptocurrency, such as its definition, how does it works, what can we do with it, etc. Actually, we can teach them the way how e teach other people, even though they are old, they can still understand some things that you may tell them. Just be patient because some of them are forgetful and irritated, I know this thing because I also have my grandfather and grandmother together with our home and I know how they react to something like this. Just make it smooth, don't rush things. If you teach them one lesson for this day then you should remind them again for tomorrow so they wouldn't forget it. Time, patient, and a good approach are all you need to do for teaching old people.

It depends how old a person is. If he/she is 60-70+ years of age then it is useless to tell the about bitcoin. It will not be any use for them to use know about this digital currency. For the person who are 50+ years of age and under 60, you should first give them overview about the digital currency and if they show interest, only then explain the whole system to them.

IMO don't get them into this. This stuff is complicated for them and they might lose what they've saved up for the end of days.

Bitcoin is for the younger generations and not for the old ones. If i ever had a chance to tell people around the society about bitcoin, i will chose the younger people who want to learn new technology. Even if the older people learn about bitcoins, they wont be able to use it and they may no longer be alive when bitcoin will become the mainstream currency.

Yes, it's like transferring money using the app but the rate of bitcoin is always on the move. If one day the old people open up their accounts and see that today's amount is bigger than yesterday they will be happy but if their bitcoin, for example, drops by 20%, they will probably cry. Introducing bitcoin to them can be easy, but making them accept it and understand that the rate can change is difficult. They will just want their money in the right place.

Bitcoin is one of the best created by Satoshi Nakamoto and this is an alternative as payment right now and most of the people are already the use of it.  But who is are the people who are using this kind of coin most of them are businessmen, investors with a high or low kind of investment, and traders too, also we can use gambling if you want to earn bitcoin.

If you are trying to introduce the use of the bitcoin to the people who is elder I think it's quite hard because they called as the baby boomer and some of them are afraid to take the risk, mostly they don't want to have some changes just stick to their selves

If you want to push or to continue you can introduce them to the possible earning they could do too.

Make old people understand Bitcoin? No way that's gonna happen. They'd rather take their cheque to the bank physically than have it cashed online in to their account. Bitcoin is the next level. Boomers will probably loose their wallet anyway since if you loose your wallet keys, you don't have access to it anymore.

Older people usually have very little knowledge about online. The biggest problem here is that it is not easy to explain to them about an online subject. But the initiative you have taken is a very big and noble work. There is a lot of leisure time left in the work of the older so if you can help them you will benefit them and yourself a lot. The initiative is not bad though you will have to work hard.

It's simple to let the old people know about Bitcoin although it's not an easy thing. To achieve this communication skill is needed to be applied here because the only you can interact is using a language the both parties understands. So to do this you need experts in various languages then train them on how Bitcoin works then employ them to reach out to the old people whom they can interact with the various languages they are specialize on and expert on so they can teach the old people.

That's certainly true, mate. The elderly will have a hard time trying to understand how Bitcoin works and how to use it. Being accustomed to Fiat (physical cash) for a very long time, will make them reluctant to change. The vast majority of old people aren't quite fond with the latest technologies. But that's not largely the case with young people. Eventually, the old generation will past by as they pave the way for the new generation. Young people will truly embrace digital currencies as they're quite fond of technology. Old people might as well leave someone young to manage their Bitcoin holdings, if they become interested in the crypto revolution. With so many negative comments surrounding Bitcoin and Blockchain technology, old people are prejudiced about the entire industry. They'll think it's a scam from the start. But we all know that's not true. It's one of the many reasons why old people will stick with Fiat no matter what.

All in all, old people can understand Bitcoin if they're willing to put some attention to it. Always remember: "where there's a will, there's a way". With so many educational material available either online or physically, there's nothing stopping an old person from joining the crypto train. All we have to do is guide them towards the right path in order to boost adoption of Bitcoin in the mainstream world. Just my opinion :)

The adage is true.

I am not interested in getting the people around me to know bitcoin, especially those over 50 years old. Even though they still have the ability to know more about something, their trust and confidence about online investing has weakened especially for high risk asset like bitcoin.

While many people around me also dont believe in cryptocurrency investing system because they believe more in gold and property. So this is another reason why I am not interested in telling them more about bitcoin and its investment system.

It is really tough to teach bitcoin to old people. A lot of people are uneducated and besides, a huge number of people aren't aware of blockchain technology.

true what you say, it's better not to tell them because it will be difficult for us too, on average those over 60 years of age will have difficulty catching new things.

better just let it run naturally and we don't force them to understand and use Bitcoin.

Many people is making tangible points on how to make old adults to comprehend bitcoin more better. To make old adults to understand the concepts of bitcoin very nice, is base on the intellectual capability or ability of old adults to comprehend a text, because educating old adult who are not bookish but ready to learn bitcoin is very difficult to educate him or her, a process were by the old adult is a bookish person which is " lover of book" its very easy as [ ABCD] to understand, because we can educate them through online videos such as YouTube video for proper evidence, after showing them the video concerning bitcoin, PDF article of bitcoin should be down and install in their phone or laptop for frequent reading to enable the old adult to comprehend better.
But a situation were by the old adult is not reading type of person, educate the person with illustrations concerning thing surrounded within the environment.

Like a bunch of others are saying just teach them how to use it. I mean people don't need to know about the bitcoin revolution, politics, or lack of politics to utilize bitcoin. They just need to use it which would in fact make the revolution happen anyway despite any lack of understanding in the bitcoin system.

Heck people like me don't even know how regular/fiat/government/physical money really works yet we use it just fine. This occurrence would be similar to bitcoin. Don't understand, but use basically.

I think you can easily be able to make old people understand Bitcoin by explaining it to them using simple set of words which is familiar to them so they can easily in take information that you wanted them to understand. Start of course on introduce what Bitcoin really is to them which includes basic concepts, the importance of its existence, well of course application on how they can efficiently and effectively use Bitcoin to become part of their daily lives. Just start with the basic concepts that they will surely understand and avoid getting into the complex and technical which will surely be difficult for them to understand that might take them to loose interest on learning it for they will find it complicated or hard to understand. Do also tutorials on how they can make use of it on a real deal which is more or like how they can applied the information they have learned on a real life situation. If we are really into wanting them to learn and understand Bitcoin, we must adjust into the approach they will surely understand what we are trying to get into them.

Letting old people understand what bitcoin is will be a lot of work to do. There will always be this thought in their mind, "is bitcoin a scam?" "it is a scam". Lots of older people are not that easy to educate when it comes to new knowledge, they will always say that they are not used to what you are trying to explain them. They really don't need to learn what bitcoin is, they will just be surprised in the future that they are already using crypto.

I disagree with you because the chance of old adults to understand bitcoin is there, it base on the tutor and also the level of understanding of learner. age dont have to do with understanding because I have seen young adult who has shallow brain, while some old  adults are very fast to comprehend a passage's ,and majority in bitcointalk community is up to 30yrs and 40yrs but their still doing well in forum.

I think before you teach and explain this idee to them, you should make sure if they are really want to listen to this topic and are interesd in learing new things. Because if they don' have any interests of it, it's really difficult to let them understand.
Or maybe you can watch the academic videos on Binance. I always watch their videos to get knew more about the crypto world and I am still really new in this area.

For my own understanding is that we are now in Era of technology, which bitcoin has made it clear to everyone who wants to upgrade his/her knowledge, secondly bitcoin is a digital assets, which we need to show move people around us, while taken the practical part by using ATM master card to buy bitcoin and sell, through Binance exchange or other exchange platform as the case may be.

Before proceeding on introducing bitcoin into those old people, you should know first if they are interested. If it looks like they are not interested, then you do not have to continue teaching it into them. Not old people are open on new technologies or new blockchains such as bitcoin, but there's also some that are exciting to know about it.
I guess if someone plans to start introducing or teaching it into them, he/she already know what bitcoin is, does not necessary to be much, enough is enough. They won't understand bitcoin if they are not interested in the first place.

Old people has the capacity to learn this kind of things, it will only depends if they are interested in learning it or not. Some old people are highly skilled about technology too, specially those who are in the field of technology, some are not into technology and didn't even own an android phone all their life. And yup its really hard to generalize them as someone who can't learn new things, age doesn't mean you have to stop learning. Its just that this thread is talking about those old people who are not into technology and harder to learn something technical. And you can't deny you've met this kind of old people too, maybe your uncle or aunt or your local neighbor who's always irritated with everything. Just kidding.

You can prove the existence of bitcoin, but I think it will be more difficult to convince them that you can make good money on it

Not even true.

Convincing then that you could make money on it is very easy, just show them the funds and the transaction you have and they would believe you in just seconds. Old people might not be into advance technology stuff but they are not that dumb when you have proofs to prove that Bitcoin do really exist and it could change your future by believing on its capability that beats the fiat system.

Older people have always preferred wallets that can be easily exchanged. There are some people who want to use the user-friendly wallet even it costs more money. I don't think it's possible to make such people interested in using Bitcoin.  But even if anyone told me to try to get them interested in Bitcoin, first of all I will tell them what bitcoin is! What bitcoin works and how it works. I will tell them about its history. How the price of bitcoin has risen. Saying this will make them curious about BTC. And finally, I will tell them the details about bitcoin, bitcoin transaction and bitcoin market. 

Old people aren't stupid, of course. But I guess the explanation is difficult just because, as you say, Bitcoin can change my future, your future and the future of many other people, but when will people start to feel these changes? How many years will it take when Bitcoin will be accepted in all countries? Many people, old and young, even now do not know what bitcoin is. And for old people this future is very far away, moreover, it is more difficult for old people to get used to many aspects in our time. At least in my country, many pensioners are not used to paying with a pay card in stores, they receive a pension on their cards, but they withdraw cash from cards and use them. Many retirees are stuck in the time of their youth, but times have changed a lot. Many are reluctant to accept new technologies, it is more difficult for them to get used to and understand, or maybe they do not consciously understand this, because they lived without it before and everything was fine, why do they need it now? But I certainly do not speak for all the old people. I am rather talking about the stubbornness that I myself have encountered.

In my perception, although bitcoin is very hard thing to explain to old persons, but i think the easiest way for them to understand is to tell its history or how it began. From its lowest value into popularity. Maybe by that way many old people would understand the concept of bitcoin and cryptocurrency. And also it's good to tell them that many investors got rich by investing in Bitcoin until now, so they might be enlightened.

It's not difficult to comprehend the use of bitcoins, even a 5-year-old kid can easily understand it.
There's no advanced science simply purchase your bitcoin move it to your wallet and hold it for the long haul.
The main thing which we have to understand not to sell your coin when you're in a panic.
Bitcoin is decentralized it doesn't mean it will tumble down. Bitcoin is designed to increase so all we need simply show restraint

What are the specific range of your target with your statement old people?.

If you are trying to reach out the age over 50++ years old and does not related into the world of business and investment I think you are just wasting your time because they are afraid of changes, they want to mind their own business and be productive on their life.



I think if you will introduce them the use of the bitcoin they will said probably

I can't make deep down there
It's better to save my money for my family
I can do it my self
I don't want to risk any more

They are the one who value the money their earn.

Thats not true using of bitcoin is indeed easy to learn but the importance of this is not.
lol,Holding is only for those who can afford to wait and afford to lose but if not?then never advise this for them.
who says it is designed to increase?
is there and specific proof about this?

The function of bitcoin can be explained to the elderly by making educational videos.
Or by inviting people to the big Bitcoin family by illustrating how Bitcoin works and explaining how it works (which should be done by people who specialize in it) as well as raising public awareness.

It’s true that old men don’t want to believe in bitcoin transactions.They want to stay away from electric money transactions.They think that their money will be lost as a result of electric money transaction. We need to dispel this misconception.They need to be told about the future of electric money.

Digital money  ;)

My friend, you are confusing something. Cryptocurrency is no electric (digital) money. The money in your bank account, that you send to anyone are digital money. If the bank has billions on the accounts, that does not mean they have a security storage where an equivalent of it is held.

Bitcoin or any other cryptocurrency are a sort of digital assets that can be exchanged for goods or services.

If I was to describe a Bitcoin to an old people. I would say that this is their private and secured bank account, that only they have access, but can be visible to anyone. Fully transparent, yet secure analogue of banking system.

You should guide the elderly so they can't be confused or difficult to turn bitcoin around and you must teach them how to use bitcoin so they can't get scammed by the scammer.

Looking at the level of old adult before we talk about understanding of bitcoin, because we have two categories of old adults which is old adult between the range of (45-70) and old adult between the range of (75-100).
It's obvious that old people between the range of 45-70 will understand the concept of bitcoin with precautions because majority of the old adult can read and write, base on that note teaching them to understand required internet learning by using YouTube for a proper demonstration of images in order to enable them to understand easily.
After using video,then apply textbook or article for intensive studying or reading.

For  old adult between second range which 75-100, is not advisable to educate them concerning cryptocurrency or Bitcoin because chance of understanding will be too poor.
Technically Bitcoin is difficult to understand for the young adults if attention and engagement is not given.

Exactly. You'll be spending lots of hard work and effort by teaching old people on how to use Bitcoin, that what you'll gain in the long run. The elderly are reluctant to change their ways, even if technology promises to make their lives easier. Those who're interested in Bitcoin could simply leave someone younger to handle their investments. After all, young people are quite fond with the latest technologies. This new generation will eventually replace the old generation, allowing our world to become completely dependent on technology.

For reasons stated above, old people will continue to use Fiat (physical cash) in their daily lives. While Bitcoin has been given a bad reputation over the course of its lifetime (in part due to scams), it still has a large number of supporters behind it. Mainstream media could make old people believe Bitcoin to be a scam. But the decision of making a research about the pioneer cryptocurrency will lie in their own hands. It's all a matter of a person's perception about Bitcoin than anything else. If an old person is highly interested in joining the crypto train, he/she will be driven to use Bitcoin for his/her own benefit. There's nothing we can do about this (making old people understand Bitcoin) except to be patient in order to achieve great results in the future. Just my thoughts ;D

Honestly for me it is a very difficult task to do or maybe near impossible why? It is because our elderly these days is from the time that technology starts to emerge so elderly now a days have a difficult understanding to the advance technology and of course in Bitcoin because it is more complex than anything, maybe we can introduce Bitcoin in some elderly that has a profession related to technology because their are the one's that can easily understand about complex things such as Bitcoin.

I think letting them to watch youtube videos about how Bitcoin works is the easiest way for them to understand rather than teaching them verbally. It is hard for them to understand things they are not familliar with most especially if they are not techie enough that is why showing them videos will surely be a good way as it does not require further  and complicated explaination regarding the topic same as the bankers introduce the electronic cards for cashless payments and purchases.

Making old people understand Bitcoin isn't an easy thing to do. Don't expect them to get everything after telling them about it for two hours. These old people are smart about money and telling them the advantages of buying a bitcoin or trying to mine bitcoin isn't gonna get them there. It's going to be easier if a person someone close to them is going to introduce it and of course that person should show results that they're earning from it. If other people introduced my mom to cryptocurrency, they wouldn't have believed it. But because of the results my brother was able to produce, it became easier.

To be honest, I think it is impossible to explain bitcoin or blockchain to the elderly who have never had any relation with technology in their lives. Although I’m not young anymore, have always succeeded in maintaining my relationship with the technology and have had knowledge of the cryptocurrency world thanks to my children. :)

You need to have more extra time and effort when you speak out with older people, those people who only understand and wanted to understand fiat than new technology, though it's possible to attract their attentions but the start will be the hard way, just like introducing how to use new gadgets with an early 60's grandpa.

Most of the old people find it difficult to understand about Bitcoin. To make it easier for them to understand, we must explain in easy to understand language. For example, with the parable, let's say Bitcoin is almost the same as investing in valuable goods such as gold, it's just not visible because the system is online. So we have gold or this valuable item in the form of a number which we store either in a digital wallet or online. maybe so for example.

The way I convinced my older relatives to invest some money into bitcoin was not about explaining how good bitcoin is. They have never invested in stocks or gold, they used to keep their savings under the mattress. They have never been taught money and how central banking works. They have never cared about the fact that their savings are slowly debasing. The way I convinced them to buy bitcoin was that through explaining why our financial system is bad, why it is broken and why it needs to be fixed. I explained them what money really is and what characteristics it should have in order to be considered real money. When they realized that what we use now was not real money, they asked me about possible solutions. I said bitcoin fixes this, you should invest in it as much money as you can afford to lose.

Hello!

How would I explain BITCOIN and possibly maybe the CRYPTOCURRENCY in general to old people?

Well, I think what we need to FOCUS first are the problems of our society which BITCOIN was purposely supposedly created. This will be our main guide for them to slowly understand what BITCOIN is. You can't say, you can become millionaire with bitcoin, make more money than before or etc. Since they are old people you should consider their learning capacity too about new things which as I mentioned to give the problems we face now that BITCOIN has a solution, like the middleman/ 3rd party system including financial institutions, etc that makes a financial transaction more costly in the part of recipient or receiver. With BITCOIN, you can transfer money peer-to-peer anyone around the globe with a very low cost and minimum transfer time. Focus there first and slowly open up the world of cryptocurrency.

My best and simplest way to explain BITCOIN to other crytocurrency specific to ETHEREUM is this; BITCOIN is like a calculator while ETHEREUM is a MOBILE PHONE (which has a feature of calculator and a LOT of other functions).

Hello friend, what you ask is very interesting and there are many ways to teach them, but the most essential is with tutorial videos, there are many on the internet and very easy to learn, the other way is to put them into practice with real life examples making comparisons.

Well said. Explaining about Bitcoin's benefits relative to the current monetary system, might attract old people into it. But I think that most old people will still rely on Fiat for daily transactions. The elderly aren't as swift with technology as young people in the mainstream world. At least, all the educational material is there for anyone to understand how Bitcoin works and how to use it in their daily lives. Whenever an old person will adopt Bitcoin or not, it's yet to be seen.

In the end, Bitcoin will end up being used by young people as they easily adopt the latest technologies. I'd bet old people interested in Bitcoin will leave someone young to handle their funds. It's the easiest way they'll be able to participate in the crypto train. While it's not a definitive solution for Bitcoin's adoption among the elderly, it's at least a workaround. Just my thoughts ;D

Tutorial videos will make them Bored mate,remember that Older people are impatience and we cannot let them Seat infront of laptop watchign videos.

i believe that what we need to do is encourage them personally ,let them learn by our convincing power.
make them understand that this is beneficial for them since they are only expecting their  government support and the allowance from their pensions .

They need more time physically and mentally mate and not just video streaming.

I think the best way to explain Bitcoin to the elderly is simple. Most old people don't understand what bitcoin is, but we know that they are very familiar with gold and think gold is a symbol of wealth. So we can attract their attention with the opening words that bitcoin is gold in the digital world.

The explanation begins with the history of why bitcoin is considered gold and then includes articles or clippings about cryptocurrency from well-known tabloid newspapers and newspaper sites. Then the last explanation is that investing in bitcoin our money will not disappear even though the value fluctuates, and it only needs the patience to wait for its value to rise (unless the internet stopped working or the bitcoin network was abandoned).

Don't forget that parents think that they are more conservative than us, safety is the top priority, not the profit.

For better or worse, we also use fiat for daily transactions, it is inevitable since bitcoin is not adopted to a such extent where we can completely opt out from government issued money. What we can do in this situation is try to show our older relatives that at least they have a choice now. The only world they have known is one where government is controlling the most important part of our society - means of exchange, money. Bitcoin has changed that state of affairs for all people, both young and old generations. Whether or not, they wanted that change.

Old people do not trust new technologies, they are very careful about everything new. It is very important that the person himself wants to figure out how it works. Then it will be possible to use training videos as one of the sources for learning. The most important thing is that they understand what it is and how it can change their lives.

It's easy, just spoonfeed those basic knowledges about cryptocurrency but since the loss of memory is common for old people, it will be difficult. I doubt that even old people understand anything about bitcoin, they will still prefer fiat for their daily routine.

They will always prefer traditional ways because they treat advanced technology nowadays as a complex thing, that's why they wouldn't adopt this kind of technology.
Tutorial videos are complicated things, it will just stress them out because they wouldn't understand any single word.

The first thing we need to have to learn something whether its old or not is the will, we need to have the will to really learn it in the first place because if we were gonna force ourselves to learn it but we don't really like it then its gonna be a very rough road. So about the old people learning bitcoin, obviously first educate them about bitcoin and its structure and also talk about the whole cryptocurrency itself just like we educate newbies but the difference is we need to guide elderly for they will have hard time learning by themselves and after that of course introduce them to a exchange site where they will store their bitcoins and the first thing we need to simplify is the UI or the things that they will see to navigate and manage their bitcoin, it needs to be plain and simple and for me having a tutorial that they can watch whenever they want is a very big help because once they forgot about how to use the exchange site they're using, I don't know if we still need to talk them about deeper stuff in cryptocurrency world but if I were to decide I'll just teach them to the level where they can trade by themselves and decide for themselves what will they do to their bitcoins, I won't get deeper with using hard wallets or anything because old people cannot handle a lot information well because of their age.

Easy way how to understood many people with bitcoin by showing to them with your profit, not all people will understand and know what is bitcoin and what for investing in altcoin. When getting many people have get much profit from bitcoin they will learn and looking for the information with bitcoin and altcoin, they will learn and try checking of bitcoin and altcoin history about price and how benefit for bitcoin to trade and keep update their information.

How would you explain to old people how transaction cost is calculated? With banks, it is more or less clear to them that transaction fee is a constant, no matter what amount you are sending. Or it might change if the transaction is to abroad bank that does not have friendly correspondent bank with their bank. Look, even this aspect is hard to understand for some old people. And I'm not saying that transaction fees are different if they make 5 or 1005 transactions per month (just an example).

But how would you explain to them about imputs, outputs, the size of your transaction, mempool and the fact that a change address might appear in their transaction chain?

Its really not so easy as we could imagine opening a conversation with the oldies about Bitcoin features and they will be having a hard time to understand because they used to be so conservative in so many ways and definitely they are not into digital world. But, maybe we could just ask them first if they are willing to learn about the new method of payments, investment and profits with the use of the highest form of technology. If we could at least catch their interest to learn, then maybe we could start explaining and make them understand in the most easy way possible

I guess it is very hard to teach old people regarding bitcoin and on how bitcoin helps peoples financial problem. If we would want them to learn about bitcoins we need to spend longer time and effort in order for them to learn. We need a step by step procedure and make a plan for them to make them easy to know in a very nice way. Old people as we knew are very sensitive maybe because of there age.

It's difficult to teach old people about bitcoin unless they are smart and open to accept new technology. There are still old people that are easily learn new things but not all. So I think introducing them bitcoin should be step by step in an easy way so that they will understand it.

I believe there are many ways we can make old people understand Bitcoin such as:
1) Rules
2) how to read and write
3) personal research
4) hope
5) Trust
1) how to read and write: you can make old people to understand bitcoin by teaching them how to read and write when ever they wanted to post on the platform.
2) Rules : for you to make old people understand bitcoin without stress first of all you have to show them all the rules that guard Bitcoin forum.
3) personal research: you have to make them to understand that before they invest their coins in any cryptocurrencies they need to do personal research to know if they are investing in the right place or wrong.
4) Hope : make them to understand that in the areas of market they have to have hope with bitcoin for them to smile at the end of their transaction.
5) Trust: teach them how to trust any kind of coin they are holding not to fall into the hands of the scammers.

The last point could've been added first. Because when one states bitcoin is gold in digital world. Suddenly there arises another question from the elderly, then what's the need of going towards it. We can keep hold of gold itself. Old people always prefer the security/safety than the profit out of it. Maybe new generation elderly people will agree with it, while majority of the elderly just hear it on one ear and leave it through the other ear.

What's the need of a compulsive teaching about bitcoin to the elderly people ?

Heard of this news?

--> https://blockchain.news/news/former-british-politician-godfrey-bloom-announces-first-bitcoin-purchase

It's not that hard to make them understand what bitcoin is. It's a matter of their interest and it will finally ride and go accordingly.

The question is, do the need to learn in detail about Bitcoin? I have seen a lot of pensioners investing in blue chip funds and treasury bonds, without fully understanding how they works. So why can't the same approach be used for cryptocurrency? All they need to understand is that Bitcoin is a decentralized cryptocurrency which was invented in 2008. And they need to know that BTC gave 10 million times returns during the 10-year period from 2010 to 2020.

It's a bad idea teaching old people to use bitcoin. Mostly old people in my country don't know how to use cellphone or computer. But if they knew, what will be in their mind if you introduce bitcoin to them? In news, bitcoin always mention because in our country many investment scam use bitcoin as their mode of payment. Old people always watch news, and if I'll introduce it to them they'll avoid it and think that it is a scam.

Don't try too hard to teach seniors to use Bitcoin and other cryptocurrencies. Voluntariness and their desire are important here. Cryptocurrency will gradually be introduced into our world as states legalize it. This process is not that fast and will take a long time. During this period, the old generation will disappear, and the new one will already treat cryptocurrency as ordinary financial means. Therefore, everything will change by itself, so this process should not be accelerated.

There are two sides to it. You can say that the seniors don't understand the concept about cryptocurrency and therefore we don't need to spend our time and effort in educating them about it. But at the same time, it is the elderly investors who fall victim to cryptocurrency scams most of the time. Look at the largest scams in the history of cryptocurrency, such as PlusToken. Seniors represent a large fraction of the victims. 

I think it's because the way he thinks is not as good as when he was young, because investing or being an investor in bitcoin or cryptocurrency must really have good insight and understanding and have the ability to think smart.
and that is one of the reasons parents should really know about the risks or other things about bitcoin or cryptocurrency in more detail, and it would be nice to be accompanied by a family of teenagers who are trusted and understand bitcoin well and experienced.

We know that bitcoin is no age requirements what age you are you can do this.
There is many people who is old but they can bitcoin because they understand how does bitcoin work.
You should give them a text or watch them a video about bitcoin to understand it but you need to a lot of patience because there is a chance they did not understand fast because of their age.

for an old age to understand and to learn about bitcoin , for me, i think its easy to teach them than to not old cause of an old people can relax them and they can not work any physical working and bitcoin will no age limits to learn or to understand what bitcoin it is,old people can do learn a lot about bitcoin as long as  they can

I get your point there, it's also better to take time as scammers are just around the corners, and knowing the chances of old people being trapped with their alluring offers are very high.
The concept of sharing your knowledge in regards to this market is different with ages people, you have to take more time and more examples to simplest that they can adopt and understand you.

i think we can make old people understand bitcoin by educating them and enlightening on what bitcoin is all about.

Great analogy. I think this is the easiest way to make old people understand what Bitcoin is and how it works. Gold has been used for a long time, with a solid reputation among people in the mainstream world. Bitcoin is just like Gold in the sense that it's scarce and it's the most secure cryptocurrency in the world. The pioneer cryptocurrency is definitely the "Gold Standard for Digital Currencies". While old people may find it challenging to use a Bitcoin wallet to interact with the Blockchain, they could simply leave someone trustworthy enough to handle their digital funds. Unless developers create a Bitcoin wallet that's extremely friendly for the elderly, this is the only viable solution I can think of.

Thankfully, there are many educational materials available physically and throughout the web. I've seen a couple of good books that teach you how Bitcoin works and how to use it for your own benefit. Reading a book doesn't require any technical skills, making it an ideal option for the elderly. It's up to us as crypto enthusiasts to drive as much people as we can into Bitcoin. Ultimately, young people will adopt Bitcoin the most as they're quite fond of technology. Old people using Bitcoin will be the minority, as the rest will still use Fiat (physical cash) for their day-to-day transactions. And that's perfectly normal considering that the vast majority of old people aren't quite used to the latest trends in technology. With or without the elderly, Bitcoin will do fine as long as there are a lot of people using and supporting it in the mainstream world. Just my thoughts ;D

Actually some old people doesn't gives interest to what bitcoin is. In my experience, they have difficulty to understand easily the true meaning of bitcoin. So we have to tell them in an easy way that they can easily get what’s the use of bitcoin. We have to show them using our gadgets and be patient since they can catch up on the process of how it works.

The actual reason is that in most cases they are afraid of getting scammed. We can't blame them really. In the recent past, we had a few multi-billion cryptocurrency scams such as Onecoin and PlusToken, which mostly targeted the elderly people. The media also went overboard with these scams. If we could convince them about investing in cryptocurrency, then we may get good response from this group. 

I'm not really sure that they want to understand it. If they are fine wth their reality, why would you try to make them understand? it took my grandma a couple of month to learn how to use a smartphone for messengers and online video calls. I cannot imagine the situation where she would need to use crypto.

There is nothing on earth that humans cannot do.  There is no way we can ignore the elderly.  They can also get a better idea about Bitcoin if they try.  We must remember that the modern age we are living in today is the gift of those old people.  The old men invented the computer, so we can use it today.  Mobile has not been invented by anyone in this age, it has been invented by the people of that age.  So if we can explain them with a little effort, then they must understand better.

I agree with you. We can learn everything if we wanted to. Bitcoin will always be available to any age. Elderly can understand bitcoin if we will just have the patience in teaching them. If we can, I'm sure that they also can. They are born without modern technology and yet they now adapt and live with the technology. Not impossible for them to learn, we only need time :)

Making the older people understand how bitcoin investment works requires a whole lot. Because the will find it difficult to adapt to the new system of investment which is more electronically transacted. First of all they have to be enlightened on how digital the world have gone and also help them understand that assets are no longer stored basically on mortal vessels anymore but on electronic based devices. Lastly use a very common commidty in your locality. I mean a commodity which Rises and falls due to demand and supply factor. With this you can atleast bring them to the consciousness that the is an alternate way of owning assets

It's just a choice.

You can teach them if you want to and let them understand. As long as they have their mental consciousness and understanding, they can understand bitcoin even it will take days, weeks or a month or two.

You ask your grandma or grandpa if they are interested to an "internet money".

That's certainly true, mate. With so many scams taking place in the crypto/Blockchain industry, old people will think twice before joining the crypto train. Bitcoin will prove to be more risky for them than Fiat itself. It's this reason why young people will adopt Bitcoin the most. And there's nothing we can do about it. At least, Bitcoin's adoption in the mainstream world is growing at a slow and steady rate. Not everyone will find Bitcoin to be attractive as a long-term investment or as a currency for daily payments. Both Fiat and Bitcoin will have their number of supporters in the mainstream world.

Nonetheless, those who're interested in Bitcoin will do whatever it takes to understand how it works. The elderly will always be the minority because most old people aren't quite fond with the latest technologies. As long as we do our part in explaining to them the benefits of Bitcoin relative to Fiat, adoption will come one way or another. We just have to be patient in order to achieve great results in the long term. Just my thoughts ;D

It's basically like teaching an old dog a new trick. It's going to be hard, but not impossible. Especially if they have at least an entry-level knowledge of modern technology and online payments, you can make them understand how bitcoin works. Aside from that though, I don't think they'd be investing on it as most of them are really accustomed to the tangible assets that they had in the past.

Educating old people won't be fruitful IMO.
Better we can cite some real life example and make them understand about the Coin.
The best example can be comparing Bitcoin with Gold.
Old people have immense knowledge on how the Gold price work, we can use that system to make them understand the value of BTC and how it's price actually fluctuates.
In other we can make them understand that, Bitcoin is a Asset like Gold that can be hold Digitally.

While it might seem that the elderly simply aren't interested in learning about cryptocurrencies, this isn't always the case . You can make  a learning point so that the older generation will have a base from which they can do their own research and choose whether they wish to dive in to the brave new world of Blockchain and Cryptocurrency .

Most old peoples don't know how to use new technology. For example, my grandfather has zero knowledge of using a smartphone.
He often called me to use a smartphone for him. If we start talking about bitcoin technology with them or anyone who doesn't become aware of new computers/technology, I believe they'll never understand.
They'll become confused. I know its easy to learn about bitcoin but hard to manage it.

This issue of old people understanding Bitcoin, is something that's very easy to comprehend, ok if I may ask, how many old people are interested to know Bitcoin, and how many old adults is interested to invest in Bitcoin, looking at it from another perspective, it's totally impossible for old adults who are aged to understand Bitcoin because the passion or zeal of btc will not be there, so in all ramifications old adults will not understand btc.

Well for me i believe that explaining bitcoin to the elder people was definitely quite challenging. Lets just take observe of them when it comes on technology, they are also hard to adopt in a fast changing and advance technology but the good thing of them was they are willing to learn new things. It may quite challenging for us to teach them but there are some wallets that has a user friendly interface and with our patience to teach them time will come that they can adopt it for sure.

until now my parents still can't trust Bitcoin even though they have seen me make thousands of dollars from Bitcoin.  Seeing from the conditions that I experienced, I think it is a tough challenge for us to be able to change the way parents view Bitcoin.  those who are old have decreased brain memory levels, so when we explain about Bitcoin, they will not understand and even be interested in Bitcoin.  I personally have no intention anymore to explain to parents about Bitcoin, it's better to just leave them with a system that they have trusted for a long time..

The first thing you should do is not to speak in a high tone with your parents. The second thing is try to practice the uses and benefits of Bitcoin directly, because parents sometimes learn from what they do.

There is no need to explain something to someone about Bitcoin. Many people live in their own world and do not want to learn anything new about the world of finance. Until bitcoin thoroughly enters our life, this information may not be useful at all for them.

With the development in more and more number of wallet application it has become easy to understand about bitcoin. As few users mentioned it isn't a must for old people to learn about bitcoin. If they're willing to learn about bitcoin, surely there is a way for it. Saw an article from the year 2014, easy understanding of bitcoin (https://www.coindesk.com/bitcoin-explained-five-year-old) which brief the working of bitcoin with a single apple.

Why not just teach how to use bitcoin? Bitcoin is really hard for people to understand if you will explain it all to them, how much more to old people that we don't even have the patience to teach them how to use an android phone. I think it is enough for them to know how to use it and where they can use it instead of explaining the processes.

only concrete evidence that can make them believe, they are primitive and do not care about the progress of the times.  they prefer fiat over virtual currency.  it's hard to give them an understanding of how bitcoin works.  and my advice is, you ask for capital from your parents then you trade bitcoin.  and you have to show the advantages of trading to your parents.  enough

If you want to introduce them the bitcoin one of the efficient way is to prove to them what you've already earned because this is the common mistakes of the influencer they are promoting the use of the bitcoin but the problem is they don't have too much evidence the use of the bitcoin but the problem is what kind of range OP want to introduce the bitcoin?. There are a lot of people in the business world who know the use of digital currency and most of the time in my country they are using the bitcoin(not totally promoting to different social media), instead, they know the news related to the bitcoin works.

I share my knowledge too with the same age bracket with me, because some of them are afraid of the use of the bitcoin, rather I influence them to make a secured transaction.

The first thing is basic politeness, everyone has no problem. The second thing depends on the qualifications of the parents, who love technology, it is very simple, but technology blind people are very difficult. In my opinion, everyone understands the parents well, so we either recommend or not recommend bitcoin to them, it has no specific methods, only specific objects.

I think the best way to teach them is to let them experience all the process. I mean EXPERIENCE is the best teacher. Try to explain them how it works as simple as possible and then let them do the process. Explain only the necessary things about bitcoin and how it works , be sure not to overload them information that is a lot to process. I'm sure they will understand it, eventually. You can also teach it to the younger ones because they are the future.

Now in the 21st century, older people still don't know cryptocurrencies very well and you have to have time to be able to explain it further.

Well, the truth is, I don't think that older people have the need to handle bitcoins, my friend, what if we should make sure that our relatives know about it, but older people do not think they urgently need this, the world of cryptocurrencies is quite extensive and we ourselves need to learn more about this so we need to continue learning ourselves and then teach our families to do it and thus share our wisdom with our loved ones and of course here in the cryptotalk community through this great and wonderful forum .

I see this as a herculean task to achieve. This is because many things are to be considered first such as their knowledge of the internet, how to browse, and their level of understanding technological advancements etc. To send or receive bitcoin, they must have a wallet, know how it works and how to safeguard their Bitcoin because any unforeseen mistakes might lead to losses. Okay, let's assume they decide to use friendly wallets like Trust wallet, will they be able to safeguard their private keys or mnemonic phrases?. Bitcoin transactions is not like debit card wherein you can ask someone for help at the ATM machine, an old man/woman asking someone for help with bitcoin transactions, the person might end up stealing from them.
However, on the other hand, if they can be able to understand what bitcoin is all about and all that, then there is every possiblity they will be able to catch up and understand, but first thing is, they need to be efficient in using the internet and applications as that is the basics.
Lastly, they need to understand the need to know about Bitcoin, because if you can't explain to them why they need Bitcoin, they might think you are wasting their time.

While the elderly do not seem to be involved in learning about cryptocurrencies, this is not always the case. The are goin to listen to us, but the are not capable of perfoming enough because bitcoin is too difficult to understand.

If you offer a clear explanation and are willing to answer their questions, you will make everyone understand about bitcoin and how it is used, how to take advantage of cryptocurrencies, since bitcoin is the most costly and common cryptocurrency, but there are many other great cryptocurrencies worth knowing as well. I think that all people will learn about bitcoin.

For most old people, in their elderly age, they no longer think about the financial business. Businesses in the actual world alone may have reduced activity especially to do business in the virtual world, such as investing in cryptocurrencies. It may be enough for them to enjoy the tranquility and nurturing of grandchildren rather than the hard work of making money.  Usually, parents will give up their business to their children, and they just enjoy the results.

It is really a challenge for other people to understand what Bitcoin is all about. Honestly, many of them doesnt even trust Banks with their money. For example, Japanese people tends to hold 50% of their money on their vaults rather than deposit it on banks. So maybe tradition may affect a persons approach towards Bitcoin.

Most of Old people they did not understand easily about technology. Just like bitcoin it is new so we need to teach them step by step on how the bitcoin works every single details we need to teach them if a person once to share the opportunity of the bitcoin.

They have different platforms that you can use but highly recommended to you video is perfect because it is visual that easily to understand because if you show them picture or text maybe it will not works or maybe both is better.

I want to teach my old relatives but most of them are not interested even I'm showing my proof that I earned money because of the bitcoin.

I find it interesting that I, as a 78 year old member here, can embrace Bitcoin, and a number of other modern technologies, yet the younger members seem to be incapable of researching and understand the concept of the Corona Virus. Maybe the real question should be " How can we get young people to understand viruses and immunity?". Many older people have experience and open minds that allow them to research and understand new concepts. Young people seem to be more concerned with their ability to send selfies of their throats over the internet. The virus, and its manipulation by the bankers will have a greater impact on you health and wealth than Bitcoin.

It is really so tough to teach old people about bitcoin, crypto currency and block chain technology. Many people don't know about internet and features of it let alone bitcoin. But if we discuss about bitcoin with them in daily basis, then they may able to understand it.

We have to discuss bitcoin using simplified language that is easy for the layman to understand and especially for the elderly, you will go through the stages and face the challenges of making them understand about bitcoin for a long time.

Yes but as long as old people are willing to learn about bitcoin, it is worth it. Cryptocurrency may seem to be impossible for them to learn because it is all about technology, but deep inside them, they want to know about technology. For me, there's a way to make them understand about bitcoin aside from discussing bitcoin with them on a daily basis, they should start using and knowing about the internet, and they will probably get more attached to it.

Well you have a point, its not easy to understand bitcoin for young people so what more to our elderly right? But if there's a will, there's a way. Thus we just need patience to teach and make them understand the convenience of using bitcoin, either as currency or as investment.

I think its best to start by introducing it as currency like fiat that can be use to purchase online. From there they can understand learn further the uses of bitcoin of course with our assistance.

Yes, we just need to get used to Bitcoin as a daily payment medium that they use. When they interact regularly about this cryptocurrency, more will start learning Bitcoin and also learn about blockchain.
The public only needs a habit to transact using digital currency as the starting point for a decentralized digital currency civilization.

Bitcoin can't be taught to anyone on compulsion, unlike the age if one is willing to learn surely it is a possible solution for an old person to know about bitcoin. But the chance of such transition and learning about the real market is very minimal. Right now the old people from United States might have got better understanding about bitcoin, because they're much used to it on shops and ATM.

There is no special way to educate old people about bitcoin. Many old people especially those living in the rural areas don’t find the internet interesting, how much more telling them to invest their time/ money in a digital currency. It’s almost impossible for them because most likely they are old school. Nevertheless if any shows interest to know he/she can be educated about it so at these point I believe it’s a function of the individual interest not age when it’s comes to understanding of bitcoin.

I don't see any strategy that would work in teaching the old about bitcoin. I tried other people, but they say I had trouble understanding how that wallet works. I tell them again about how to use the Bitcoin Wallet over and over again and I think you will use it because you are younger than me. Older people aged 45 or over do not understand or are able to understand much about technology. When a person reaches the age of 45 or 50, they can't even remember trying one thing. So I don’t see any way to teach about bitcoin.

You are right, but I think it would be easy to teach old people about this technology if they are into it already. I'm talking about those old people who are in the industry of finance, investments and etc. It would be easy for them to learn it but the problem is those old people who doesn't even know how to use a computer or a phone. We will be having a hard time to teach them if they don't even want to learn it in the first place. SOme of them are comfortable already in the things they use, like how it is for my grandparents.

One way to teach them is let them use it. They would understand that it work the same as fiat, them let them slowly understand the technology step by step.

Depend with old people kinds because some old people have higher technology and understand how to get passive income with bitcoin without working hard for their life, some time old people not understand how to get profit with investment and looking not smart with technology and saving money only on the bank, we faced with old people have understand how internet giving positive impact in finance maybe most easy how to make them understand with bitcoin and altcoin, we will give us link how background of bitcoin giving much profit for many investors three or four years later.

Older people cannot be taught about bitcoin and crypto it's a lot of trouble because they have no idea about technology. They are usually accustomed to the work of the previous era can't remember anything after a certain period of time. If they are not able to keep pace with the current era do not think it is possible to impart knowledge about their bitcoin. It will take a long time for older people to be able to understand Bitcoin.

Here are some ways you can make old people understand bitcoin such are:
1) picture : First of all show them how bitcoin look like in case they see bitcoin out they can identify from other cryptocurrencies.
2) How to read and write: Secondly teach them how to read and write which is very important for every bitcoin users to the read and understand what is written concerning the rules guiding the business before processing
3) How to protect your privacy: Thirdly impact them how to keep their address details well in their office, home, and inside their phone not to allow scammer to steal their money.
4) How to spend: Fourthly teach them spend wisely and save wisely in case of anything good or bad happen.

That's  a case to  case situation. You can't  just generalized  your statement,  there  are older folks  you loves exploring  and learning  new things. Most people who loves venturing  to any potential  opportunities  are willing to take time and learn,  we just  can't  removed the fact that  in this world  money  talks a lot. Though  it will be tough but from  time to time  it will  be adopt by  those  who are really aiming  to understand  and learn the functions / usages of this new cryptocurrency.

Your assumption, in today's sophisticated era, young or old depending on those who want to learn, think badly about parents, it is not difficult to teach parents as long as they want to learn.

Exactly. All it takes is hard work and perseverance in order to make an old person understand how Bitcoin works and how to use it for his/her own benefit. While most old people will still use Fiat for daily payments, there will always be those who'll use Bitcoin as a store of value just like Gold. This is still new to the elderly, meaning that it's quite hard to understand for the not technically-inclined. But teaching an old dog new tricks is not impossible.

Nonetheless, young people will be the ones that will truly embrace Bitcoin the most. That's largely because they easily adopt the latest technologies. As time goes by, the old generation will "pass out" paving the way for the new generation to take over the world. In the future, young people will become old but quite fond of crypto/Blockchain tech. Bitcoin will no longer be a secret or something unknown, as most people will know all about it. As long as we do our part in spreading the word about Bitcoin, adoption will come one way or another. Just my opinion :)

^ Because young people are most usually are into modernization. This means, all have gadgets and can enable them to understand any technical matter. So, anatomically speaking young people have always capable of understanding blockchain technology than the old generation, and probably from their condition, they will never have the interest to learn tech stuff. But this is not in general situations, there are some few from the old era that really wants to embrace cryptocurrencies.

I know it will take a long process to educate the old people to understand bitcoin and yes we need a lot of patience to do that because we all know that while we are aging, our memory and capability of analyzing things gets harder so we should help them to understand bitcoin in process and little by little. We should also show them some proofs in order for them to believe that trading and mining bitcoin is really beneficial.

The main thing is accepting and believing. I realize numerous elderly individuals will have a hard time believing us since the government deceived them.
They watch the news and read newspapers where government generally talks negatively against bitcoins.
I figure we should give them what we win from bitcoin, indicating them a wallet would be sufficient; likewise, it's not difficult to comprehend bitcoin and digital currencies.
There are numerous recordings accessible on YouTube; however, the initial step demonstrates them the proof and constructs the trust.

You got to make sure the people you're explaining Bitcoin are actually interested in learning how it works first. If someone is truly interested/fascinated of learning the basics, there's no age to get it. I've shown my gpu rig to my old school dad the other day with the real-time metrics from pool on another pc, following my addresses and payouts, showing him txstreet with the all tx getting into blocks, he was fascinated and somewhat getting it but he's seeing that there is a lot to learn to be at ease with this stuff...

I find the most difficult task to explain what bitcoin is in front of 60+ seniors mostly beacuse they are not very familiar with concepts and categories like the internet, email, paypal etc which would make everything easier. But I find beginning from what money is a better starter as they know very well what money is and how it works in their life. Then talking about proof-of-work, sybil attacks, mining complicates everything  ;D
Below a link which helps a lot, even if it's for a 5 yrs old  ;)
https://www.coindesk.com/bitcoin-explained-five-year-old

yes that's absolutely true, I also did like that to my father and my brother. they come to believe and like bitcoin, whereas previously they hated it and considered it trash.

This task will be very difficult. It’s hard to teach our veterans about bitcoin or cryptocurrency because most of them don’t want to understand all about new technology, they just believe what they used to do. And except for those where there are a lot of scammers and their target is to find the person, and sadly they will face a lot of big losses if they exploit the vulnerabilities of the elderly. It's really hard for seniors to learn new things, it takes patience for older people to truly understand Bitcoin.

 I believe there are some wallets that have a "user-friendly" interface, but even the basics of sending/receiving Bitcoin can have a steep learning curve for the older people. A Bitcoin wallet with built-in accessibility features, could help even elder people with vision or hearing problems to use the pioneer cryptocurrency in their daily lives.

More ways now that you can use in teaching the ederly about  the bitcoin if they really want to learn and start earning.
 A crypto user once their relatives who are ederly they can teach them one by one or personally they can use visual for easily understand the bitcoin but they have ederly who still easily understand when they see some information about of what they study.

I gather short videos on youtube that you can pass to your parents, grandparents, and for any other conservative people  ;D

How to explain Cryptocurrencies to Your grandparents? by Altcoin Nerds
https://www.youtube.com/watch?v=ivntqBxkbXI

Bitcoin and cryptocurrencies explained for beginners by TRT World
https://www.youtube.com/watch?v=oO7r89_Kg7c

Bitcoin explained and made simple by The Guardian
https://www.youtube.com/watch?v=s4g1XFU8Gto

my favorite is this one,
What is Cryptocurrency? by IMF
https://www.youtube.com/watch?v=NDetuRLQso8

With all of the misinformation about Bitcoin provided by mainstream governments, elder people will think twice before using it seriously as a currency for day-to-day payments or simply as a store of value. Whereas Bitcoin is fairly new to the world, Gold and Fiat are not. These asset types have been trusted by many people for a long time. It's no wonder why old people still rely on physical cash and even Gold on top of Bitcoin. Despite all of the success Bitcoin has obtained over the years, it's still far from becoming widely adopted in the mainstream world. Given that most elder people have a negative perception about Bitcoin, they'll most likely stick with Fiat for their day-to-day payments. Rest assured that there will always be people who'll use Bitcoin for their own benefit. It's just that the old people adopting Bitcoin will be the minority compared to younger ones.

Nonetheless, it's not that hard to make old people understand how Bitcoin works and how to use it for his/her own benefit. With many YouTube videos available on the web, as well as, articles and useful resources from this very forum, an elder person can learn all about Bitcoin if he/she is interested in it. Ultimately, old generations will pass by paving the way for newer generations to take over the world. Young people are already quite fond with the latest technologies, which means that if they get old, they might still use Bitcoin and other cryptocurrencies for day-to-day payments. Slowly but surely, the time will come where everyone will use digital currencies (either crypto or a CBDC) to participate in the mainstream economy. Just my thoughts ;D

This is indeed a good technique to make them understand bitcoin. Actually, visual representation is easy to understand instead of just explaining it verbally because they can picture in their mind what they are seeing while listening. This is to spread the good effect, benefit and essence of bitcoin or why it is being created. Aside from that, they can also apply what they can learn by understanding every single information about bitcoin, they can make their own money, or they can invest, as long as they really understand what bitcoin is.

Yes, it's hard, I already show how cryptocurrency works to my parents but they didn't get it. The only thing they knew is it generates money, well of course through trading and investments. Tbh, it's hard to make old people understand bitcoin since they prefer traditional things and don't have time to learn or adopt. Maybe they might get interested and learn it if they will benefit a lot especially those businessmen who target modern technology nowadays.

It's quite difficult and challenging to teach old people about bitcoin. Digital currency is complicated for others to understand. I experienced that already and they said to me that using bitcoin is so hard and complicated. Many things they need to understand from the beginning on how to create wallet , how to transfer funds, how to buy and sell bitcoins, how to withdraw and how to convert it into fiat. For us ,it's already easy of course but for the old people I think you need a lot of PATIENCE to teach them to understand bitcoin.

Well, this is a good question, I think, there should be a greater insertion of older people in cryptocurrencies, it is interesting to show the benefits of cryptocurrencies, teach them patiently, and show the various courses and tutorials that exist on the internet.

Making a inspired speech from your research and knowledge can resolve the problem. Evidence and explanation are necessary in order to enlighten elderly people. You can not persuade people if you are lack of proof and arguments. Just say as heartily as you are. There are many advantages and benefits using bitcoin and the blockchain.

However, if the situation is tough, you can change your target to younger people. They are the ones forming the shape of the new world order in the next few decades. I guess old people have worked hard enough already. They need time to rest and to live the life they desire.

Exactly. Young people will be more inclined towards Bitcoin than the elderly. And that's normal considering that old people are reluctant to change their ways. As time goes by, the old generation will become history while new generations will take over the world. It's expected that physical cash will slowly reduce its prominence in the mainstream world as CBDCs change our world for the better. Before we know it, money will become completely digitized. Whenever old people will adopt Bitcoin today, it's yet to be seen. A very small fraction of the elderly might still adopt Bitcoin as a sort of investment. They could leave someone they trust to handle all of their Bitcoin holdings. To make them understand how the digital currency works, it's going to take a little effort since old people are not quite fond with technology.

Nonetheless, there's no doubt that crypto/Blockchain tech will be here to stay. We should do our best to help spread the word about Bitcoin's benefits to the world. As time goes by, people will adopt Bitcoin to use it for cross-border payments without the need for a middleman. Some will use Bitcoin on top of Fiat, while others will use both Bitcoin and Fiat for added convenience. While Bitcoin will never replace Fiat, it'll prove to be an excellent alternative to the existing monetary system in the long run. I wouldn't worry about many old people rejecting Bitcoin as long as it has loyal supporters behind it. Decentralization and censorship resistance is what matters above all else. Just my opinion :)

Its too difficult for anyone to teach about bitcoin most especially if who you are teaching is out of the calendar age or too old enough to understand what bitcoin is all about and how does it works. I think it would be possible but not for all the old people and also it depends on how eager they are to learn and how though their memory they have.

It is so difficult to make understand the old people because they are already used to the traditional way of earning and spending money. They won't be interested after hearing. Some people can be different but maximum won't. They are comfortable to use the traditional way. You can try but can't guarantee that you will be able to make understand them.

It is too complicated to explain bitcoin to elder people because they cannot process the information very well, I have experienced that where I explain it to my mom and she didn't understand it at first and she thought that it is scam. My mom is part of the boomers generation and she really have a hard times when I explaining it to her. But the good thing is she already understand my detailed explanation where she have now foundation and she now knows the benefits and the uses of the bitcoin. I think the style of teaching should be depends on who will you teach. When it comes to really old generation or I can say grandmother or grandfather, I do not know any way in order for them to learn what it is and to understand how it can be use in current generation.

my suggestion: do not try to explain the basics. just explain them how they can transfer them just like any other money. like master card or visa card. you gotta explain to them in the easiest way. and in my prespective, this is the easiest way possible

Bitcoin isn't difficult to comprehend unless you won't take an interest. Anybody can comprehend it in a brief time frame period.
You don't have to persuade anybody since there are numerous articles and recordings videos are accessible on the internet.

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All we require to do simply request that old people groups watch the videos and read articles which may take just 5 to 10 mins.
I did likewise with my grandfather he finds bitcoin a fascinating thing to contribute and now he's making more benefit than me.

There is no special way to educate old people about bitcoin, it’s all depends on the individual interest for bitcoin or Cryptocurrency. You can’t educate someone who doesn’t appreciate bitcoin as a currency and expect the person to show interest or invest in bitcoin. There are many old people who will gladly accept bitcoin without stress whereas some will be adamant about the technology. Maybe because they are not used to digital currency or think their funds are not save there.

Bitcoin is barely two decades and you should consider the fact that these old people didn’t use any digital currency to operate or as investment during their time. They are used to the centralized currency, bitcoin is decentralized and anonymous so it’s would sound funny to someone of them considering their age and the facilities they were exposed to. So you can’t force the acceptance of bitcoin to them but rather make them understand the importance of bitcoin and it’s security, now it is left for the individual to decide whether to give it a try or not. Some people can be easily attracted to bitcoin just by reading bitcoin articles online and they become bitcoin enthusiasts.

It will not be easy to make parents understand bitcoin, especially parents who are too old-fashioned, they will oppose understanding bitcoin, only some broad-minded people can understand bitcoin, if my parents can understand bitcoin because of broad thinking ... and I have given  real proof of the results of bitcoin.

I think you need to tell them that Bitcoin is the same as a stock in the stock market. It has value and can be used to pay in select stores and soon possibly in stores around the world. You can say that bitcoin is a new technology that has value to society.

Older people don't have much idea about bitcoin either way bitcoin did not become so popular in their time that's why they need to understand bitcoin better they will understand how convenient bitcoin is for transactions and much better for investing. It will take some time for them to keep pace with technology if you understand slowly you will understand.

And even my mom too, i used to explained it to her briefly as simple as i know but the only answer i get was nodded which i bet she get it but the next day she would ask me the same thing about what i am doing. And so the process just repeats itself. However despite of this i am happy that she show support in anything i love doing and what i am doing. She just make me do whatever i wanted to do.

If truly they are ready to understand bitcoin and how it works and how someone can use it to invest to make a good profit. Here are some steps I will ask them to follow for them to understand bitcoin:
1] picture: I will show them the picture of bitcoin creator which is Satoshi Nakamoto and the reason why he create bitcoin to become digital currency that will reduce unemployment in the world.
2] Technology:  I will ask them to get a phone or laptop so that I will show them how to use it to register bitcoin that will qualify you to contribute in any bitcoin platform that will allow you to invest you coins to make a good profit.
3] Buy or Sell: I will make them to understand the area of market when to buy and when to sell your coin that will help them to make a good income. When the price is high that is the season to sell your coin that will enable you to make a good profit and when the price of bitcoin is low show that is the season to buy for future profit.
I think with this three steps can help the old people to understand bitcoin very well.

I am one of those "Old People," and have been in the computing business WAY longer than 99.9% of all of you, and I find the arrogance of the "bitcoiners" unbelievable.  You talk about bitcoin this and bitcoin that but you never address the answer to a question that I have asked in many of these forums, "I have $xxx dollars in US currency in my hand.  How do I convert that to bitcoins?"

If you don't go into too much detail, then Bitcoin can be purchased using the bestchange resource, where you can use any payment system in the world and buy any cryptocurrency. But it seems to us that the main difficulty is to explain to an elderly person what cryptocurrency is and why he needs it. And how to buy, then this goal is achieved a little easier if you already have initial knowledge. I have already exchanged my fifth decade and am trying to comprehend the basics of the cryptocurrency business. And to be honest, it’s not easy for me, but I cannot explain my activities to my parents, who are already well over 70.

Yeah, you're right. It is not possible to completely understand the elderly even if you expect to. Because they have plummeted with the traditional technique and currency of the past, like Fiat. Its position and necessity must be realized. We have to maintain trying for that. They have to understand as much as they can understand.

If they will invest time to listen it's not hard for them to learn it.

For now first impressions from those old folks seems too hard but not all have that mentalities, those who are willing to learn and understand the process and what will they've got are possible to open thier minds to continue, you have to be more patients as it will really take time explaining each information that will help them to cope up and start gaining interest to go deeper.

Lol, why say it's bad, actually it will be really good if everyone get acquainted with bitcoin, to increase mass adoption, is not like bitcoin is only for the young ones, my pops knows about bitcoin, but sadly as you said most old people don't know how to even operate a smartphone or a computer on their own, talk more of performing a transactions using bitcoin,i think they see feel everything about this digital age is complicated and during their time they never came across techs like this modern age, so that's why hardly understand anything involving tech.

Exactly. It's evident that most old people are reluctant to change their ways. They've been accustomed to the traditional monetary system powered by physical cash for a very long time. It'll be quite challenging to introduce Bitcoin to the elderly because of this. You're going to get better luck teaching Bitcoin to young people than you'll ever have with old people. At least, the pioneer cryptocurrency won't be going anywhere as it has loyal supporters backing it every step of the way. With many educational materials available either physically or throughout the web, anyone can learn about Bitcoin if there's the desire to do so.

In the end, Bitcoin will become adopted by the new generation as the old generation fades away. Before you know it, adoption for the pioneer cryptocurrency will increase like never before. Already, we're experiencing high demand because of the COVID-19 pandemic. More people are becoming aware of Bitcoin's true benefits relative to Fiat. My guess is that old people willing to participate in the decentralized economy, will simply leave someone in charge of their Bitcoin funds. They don't need to understand how Bitcoin works, other than watching Bitcoin's price on the market everyday. It's not the same as investing and using Bitcoin directly, but at least it's a workaround. Just my thoughts ;D