Bitcoin Forum

If adoption comes around, will their be higher consumer congenial systems for old people to utilize crypto? What are your phrenic conceptions?

Old human beings are the first to emerge as inclined to scams if adoptions comes around, and I suppose like crypto is a spectacular way for these guys to get screwed.

I don't be conscious of how this is going to work out for old human beings who cannot even know private/public keys let on my very own hot/cold wallets.

Money is not for everyone to have. Gold is not for everyone to have. Bitcoin is not for everyone to have, there are reasons some people do not use bitcoin, but the adoption continues as more people know what bitcoin is and how to use it.

There is always room for adaptation. It is not as if this same old people don't get scammed through the regular fiat money, they found a way to adapt. Aside that many countries now operate on cashless policy and this advanced citizens still find a way to adapt so if eventually Bitcoin get full adoption this same citizens will adapt. Just like they are getting scammed through fiat and majority learn to be more careful with their fund the same will apply when Bitcoin finally get adopted

Full adoption of bitcoin by the global community will take time, maybe more than a decade. Therefore, when (if) full adoption of bitcoin by the community around the world occurs, those who understand it all, that is, the current generation, will be considered older people.

Adoption does not imply that everyone will have it, use it, or invest in it. Adoption allows more people to have an alternative way of saving money. We humans only do and participate in things that will not stress us out while also making us a lot of money. If the elderly are unable to use it, they can continue to save with fiat local banks or even gold.

There's plenty of the older generation using Bitcoin. I know, the stereotypes, and as with most stereotypes there's a element of truth to that. I know the transition will be difficult, but that's what humans do. We're actually extremely good at adapting, even though consciously, we don't like change. Call it evolution if you want, eventually if Bitcoin is successful in mainstream adoption, most people will have an incentive to learn, and therefore will learn.

Alright, as Charles-Tim says; it's not actually for everyone. Think of people who aren't very good at security, I personally don't recommend those people to be responsible for their own wealth. In fact, that's why I say that banks will, and probably should always exist. So, while it's already a security concern to allow a third party be in charge of your money, it can help certain people who have no concept of security whatsoever. Honestly, that's a quite large portion of the population too.

There will always be people who will never get to understand how Bitcoin works, or how a Wallet works.  And that is alright really.

I know some young people who have less capacity of understanding technology than some people over 60 years old that I know.  It is fine.  And never will every body know how to use technology.  How many people know how to make a Wire Transfer.  How many people know how to do anything else besides checking balance, withdrawing and depositing Cash to ATM's.  This will apply to Bitcoin as well.

But fortunately, unlike Banks, Bitcoin is universal.  Every thing applies universally.  I can use the same wallet as you whether we are in the same city, country or continent.  Our wallet works the same so it now gets much easier to understand how to use Bitcoin.  Unlike ATM's placed by Banks which have different UI's, different functions, different experiences.  Nowadays, they even have mobile phone apps.  Also different.  Some of them very badly written.

This means Bitcoin Wallets have online tutorials that are 3 clicks away if you are interested in finding them.  So, the learning experience is much smoother with Bitcoin.  Bitcoin adoption is not about every single human on Earth using it.  It is simply about being allowed to use it in the daily world as optional alternative to the Banking system at any given time.  Some people will never do it.  And that is fine too.

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Regards,
PrivacyG

Old people will never get scammed if they don’t browse much about investment opportunities in the internet and just use Bitcoin for personal savings or money transfer to their relatives.

I believe young people is more prone for being scam because they are the one who always explore and try all those investment opportunities that promise huge return. I have a grandpa and he is investing on stock market. It’s very to convince him to allocate on crypto because he is very cautious and stick to his principles of investing. It’s very rare for old people to risk money on things that they didn’t understand properly unless they are influenced by someone whom they really trust for their investment.

I believe that for around adoption bitcoin should become more suitable for consumers. I don’t know how exactly this will be implemented, but I think that storing btc and sending it will become easier and more accessible. In principle, this is no longer difficult to perform using smartphones and qr-codes.

The difficulty of using btc arises not only in the elderly, but also in people at the very dawn of their lives. A lot of people in the world don't know how to use a PC, not to mention owning bitcoin, creating wallets and so on. But this line is gradually blurred thanks to smartphones.

Probably, in the future it will be so that not everyone will have btc.

Old people may not be considered too much in terms of this digital era since it's a technology that requires experience and activeness to remain truly decentralized, there's a certain limit the over aged ones can go far in this digital era, but a good advantage is from their own children if they are interested to allow them have control over their asset because old parent can easily forget things and in cryptocurrency you don't play with your keys or passwords, there are better investment they can physically appear to participate without having issues even along with the bitcoin network but not for a long while, and this also called for the need of their children to be fully involved if they will be investing in bitcoin.

That's not 100% true. I mean, even exchanges have been known to scam users. Even the big ones. So, there's a potential to lose Bitcoin at any point, and then there's the issue of losing your seeds, and private keys. Which, by the way due to certain conditions, the older you get the more susceptible you are to it. There' also issues like getting physically hurt, and sustaining brain damage. Like, there's a ton of things that can go wrong in your life, which ultimately means you lose your Bitcoin. The benefit of banks is that this can usually be verified, and recovered since it's tied to your identity. Bitcoin isn't, so you statement isn't exactly correct, even though I do get your point.

If Bitcoin were to become mainstream though, trading with Bitcoin for goods would likely have to happen for those that use it.

Just being frank with everyone here but I did try to teach my mom about simple fiat digital transactions and she panicked when she was required to do a simple account transfer. I am from India and money transfer does not take a lot of days but seconds as we have UPI. I did try my level best to teach her how to transfer money, which she was unable to do. The reason behind it was that she had to go to a lot of screens(only 3) and enter a password.

Before Bitcoin or any other internet money was invented it was simple for them as they just needed cash to do any transaction. At the moment it is so difficult to understand for older people in my country that you can pay pennies using a mobile phone.

it is really hard for them to understand a simple digital transaction why force them to use Bitcoin? Let them be as they were when life was simple and without any obligation.

It ain't hard for old people to understand what bitcoin is, you simply tell them that it's a money and an asset at the same time. That will make them think of what it looks like and then just say that it's a digital thing and a form of money and asset in combination for which they can spend anywhere they want as long as it's accepted thus, has to be converted into paper money for them to understand that it's a real thing convertible to cash.

Probably a slightly controversial opinion — but it's either:

1. UI/UX designers find a way for Bitcoin's general experience to be easy enough for technologically-illiterate people
2. Technologically-illiterate people actually makes good amounts of effort to understand it

or, the most likely outcome in my opinion:

3. Bitcoin is simply just for the next generation, which consists more of decently technologically-illiterate people

If they can use their smartphone then definitely they can use bitcoin and maybe in coming years we may see more easily accessible wallets for such old people so they don't have to do many techy works, they simply open the app scan the QR code, and pay it just simple as texting back.

Well, bitcoin becoming the mainstream worldwide accepted currency we still have lot of time so by that time we may have people with advanced technical knowledge so it won't be a barrier to adopt.

Old people getting involved with Bitcoin isn't a bad idea, Too teaching them about how to use BTC isn't a problem either, but where I do think the difficulties could come in here, Is in their inability to graps the whole process involved with using BTC. So considering what it takes to safely store Bitcoin in a wallet like the Nano wallet, it could be a turn off for the old ones.
This should be thaught to the old people that will easily understand the whole process in using and storing Bitcoin safely.

Till date there are people that have never used an ATM for financial transaction. Other see internet banking as a strange technology. Most of them are limited by illiteracy, lack of facilities or fear that these inventions are prone to criminal activities. There are persons that would always see bitcoin as a scam or a currency that would soon vanish. And most people in this category are those that are fifty years and above. Until bitcoin becomes the only currency of a country, which might not be visible currently, people would always choose a simple alternative. For now bitcoin is seen as the currency of the youths, maybe as we get old, we would change the narrative.

If they don't develop an interest do not walk up to them and try to confuse them, they will never understand no matter how much you want them to, I believe that innovation like Bitcoin and crypto is meant for the coming generation not the old people, though few of them still want to be a part, I've seen 60 years old man building crypto mining farm and storing BTC and Ethereum.

If there is still no of intuitive and simple way of usage, most seniors surely won't even bother to use it. Or simply if the convenience is lacking, I think that will lower the utilization.

Contrasting it to the current condition of other technological progress, there are services like GoGoGrandparent, where they became middlemen of many online-based services for seniors. They make a simple app to use that bridges the bloated user interfaces of the current many online-based services. Just by dialling the number, the users are informed and able to choose the expected services by simply pressing a number. So, I believe those kinds of usage are what the cryptocurrencies needed to be viable to be used for seniors or non-tech-savvy users.

One part of this problem is that today's old people still tend to be bad with technology, although they do better than the generations before them. But also old people in general suffer from loss of congnitive functions, and as we know Bitcoin is a very unforgiving system. If you forget where you placed your seed, you may loose access to your coins. If you loose attention, you can forget to double-check the address and send to a wrong one. If you stop being cautious, you can get malware or fall for phishing and lose your coins.

Perhaps old people and people who are most at risk of doing the mentioned mistakes would be better off using a Bitcoin bank. They would lose most of the Bitcoin's benefits like control over own funds, but at least they will have a deflationary currency.

The elderly have always been a prime target for scams. Credit cards, mobile payment, internet banking, online shopping, social media ... are all new technologies, and all come with their own risks. Scammers will always try to find new ways to trick their victims into handing over their money. The elderly are particularly vulnerable because they tend to be less tech-savvy than younger people. They are also more trusting and tend to believe what they see, rather than thinking about it logically. This makes them easier targets for scammers who use this as an advantage in order to take advantage of them.

However, I don't consider Bitcoin to be special in this regard. Bitcoin is just another new technology that comes with its own risks. The same principles apply: if you do not understand how something works, you should not use it until you do.

Agreed, the current generation who adopted bitcoin will be old and wise. A decade is still a very short time for full adoption maybe 20 years or more for people to adopt bitcoin globally.

There are old people use bitcoin and they prove that if someones willing to learn about it they can make it. So if full adoption of bitcoin will happen for sure these old generation can also adopt the changes. Maybe they can fall from scam but everyone can learn a lesson to be more careful and aware about risk for not lossing it again. For now bitcoin need deep learnings but for sure all people can cope up with this if there's legal adoption will happen.

your question is really interesting, and i have to admit i never wondered about it! obviously I believe that the adoption does not happen overnight but it will be much, much longer as a transition, many elderly people will no longer be in this world, and when the adoption has been done I believe that our children and grandchildren will benefit of bitcoins for real.

Adaptation of bitcoin lies on how smart you are to understand the computer age we are in today.
Having bitcoin known to elderly people it all depends on the age and how smart the person is to learn how to use it.
Bitcoin is not initially for everyone else but partially I will say if you are smart enough to crap it the you are good to go.
And it all depends on the old peron is educationally upright or educationally down to the usage of bitcoin.

Global adoption will take time to happen. The old people today might not use Bitcoin at all for various reasons.

At the same time, global adoption will happen, but not all of the people will have an opportunity to have an access to Bitcoin and that might include those old people out there. Aside from them, those who doesn't have any smartphone or doesn't know how to use smartphone might also be the ones who will not get an access to it. Those not-so-techy people as well might prefer not using Bitcoin as well because they might have a hard time learning or using it.

TBH, it would be better for old people not to use Bitcoin at all unless they learn how to use it when they are still at their 20's or 30's (future). On the other hand, if an old guy really wants to learn the basics of Bitcoin such as sending, receiving and storing then we need more patience to teach him/her.

Adoption of bitcoins will not eliminate other means of payment for business automatically, and adoption of bitcoin does not also mean that everyone must begin using it immediately. When bitcoins become globally accepted, adoption will come on a personal scale for everyone. It will be accepted for use, but it will take people to personally adopt bitcoin as their preferred payment option.

The old people presently, assuming that its acceptance happen soon while they are still alive and we have not transitioned into an age where the old people have knowledge of technology, will have a choice and may not easily choose to start using bitcoins immediately, but still prefer the fiat they are used to. It will take a while for the old people to understand it and even decide to choose it for use.

Yes, that's right. Many parents are the target of fraud because they don't really know about technology. When there is an issue of fraud among people who don't understand bitcoin technology, the government should advertise it massively in the mass media, so as to limit victims.

We cannot hold back the pace of technology, what is important now is education. Don't blame the technology, blame the unscrupulous people who make technological developments with the intention of deceiving parents.

How is possible the fraudster can distinguish between young people and old people in the first place? Bitcoin is pseudonymous which mean you can only know the address, transaction, time and amount of the Bitcoin, but you have no way to know who's own the address. It would be different if the old people is stupid enough for revealing his identity like "this is me bla bla a father of 3 sons, this is my Bitcoin address thank you".

After all there's no proof if the old people are getting scammed more than young people or the fraudster only targeting old people.

Civilization is for all, but the adoption of new technology is not for everyone. There are other developed technologies out there that exist and are made for everyone, but not everyone is meant to make use of them. It's not a must for the old to make use of Bitcoin in their day-to-day lives or use it to perform a form of transaction. 


There will always be scams and fraud, whether for the old or the elegant. The eradication of scamming and defrauding is inevitable; it can only be reduced by creating awareness and informing the people. Everyone who has educational knowledge and can read and write is entitled to knowing and practicing Bitcoin. Since everything can be learned online, they can also adopt. 

I'm a little confused, what age is the old age category here? I once read that according to Adolescent health in the South-East Asia Region the young age is youth covering the age range of 10-24 years. Since I'm in Asia I think the majority of Bitcoin users in my country are under the old age category. Because I feel that my country is a developing country. Maybe old age who are more than 50 years old may not be familiar with technology and crypto. In fact, many of my friends in the crypto world are less than 50 years old.

So I think old age have to master the internet before they can master crypto. But I doubt in old age they use crypto, although there it is only a small part. In fact I think the most Bitcoin users are in the age range of 20-35 years. IMO

This is similar to when people claimed that the internet was not for elderly people at its inception. Older individuals will not be able to use bitcoin, but only those who are not very interested in learning about it. Online shopping and selling grow its sales yearly and is becoming increasingly common these days. Anyhow, there will always be fiat as an alternative if bitcoin becomes a common currency. Additionally, the next generation of elderly individuals are prepared for bitcoin adoption, which may occur within the next ten to twenty years.

I thought the young were the ones getting scammed. They seem to rush into Bitcoin, and use speculative gearing in the hope of making a fortune. It seems that they are creating fortunes, but for the older scammers, and not the vulnerable young who jump in without understanding the basics.

Man is an animal who is able to adapt himself to all situations. Nowadays people are familiarizing themselves with new technologies. When there was no smartphone in the world, people did not know much about smartphones.  But ever since the smartphone became available in the world, people have established their relationship with the smartphone very well. Similarly, in the case of Bitcoin, those who are old people will be known in this way. We can see that currently Bitcoin has become a very popular digital currency.  So people will always want to make good use of good things.  Maybe the old people who are there will find it a little difficult to use bitcoin at first but I believe they will adapt themselves. 

Scams are never going to go away. I think the best path for older people will be some sort of joint custody to decentralize trust and use time locks to create a sort of payment schedule to receive payments to their local wallet for spending.

I envision something like receiving a social security check now but with bitcoin using a time lock smart contract made easy by a joint custody solution like Casa or Nunchuk.

Also, the recent bolt card from CoinCorner makes spending almost the same user interface as old people already use today and there are substantial efforts to make the entire process open source so that anyone can make their own cards.
 

Everyone knows the use of money. From children to old people, everyone uses money well. However, since Bitcoin is a digital currency, there are some aspects of its usage that many older people may not be aware of. But this time is the digital age, if you have a smart phone in your hand, you can easily know anything. In the case of developed countries, the matter is quite simple. People who are familiar with Bitcoin know very well how to use Bitcoin

It is quite difficult to educate the old folks on anything tech, mostly as regards financial transactions. They believe in the old fiat system and for those who already know how to do normal online transactions, they worry too much about scammers or hackers stealing their money.
Imagine what they would say if told about Bitcoin, and then go on to explain how the system is decentralized and if your money is lost, it is lost. They would simply loose interest.
Only those who have such as a topic of discussion in their offices or places of gathering would even bother to learn more about the topic of Bitcoin.

Bitcoin is not for everyone to use even though it has no age limit or preference of use. The use of it by older people will only cause more harm to them by easily exposing their security to scammers because of the insufficient or no knowledge they’ve about the digital currency world. Bitcoin is here to serve as alternative to fiat currency but not to completely replace its use. Older people can still stick to their fiat and continue using it while those that are acquainted to digital currency and its security can utilize its use.

Bitcoin isn't meant for everyone to HODL or have in stock personally; cus even when it was cheaper to get, people had different reasons NOT to HODL 'em; some would've been saying that's a major SCAM, some would've been saying it's not gonna survive the next series, some would even think since it's free with some strenuous technical practices, they shouldn't be interested in something that'll end up engaging Thier whole time to understand just yet, talk more of earning from it.
So, in my opinion, I don't think they'll be a time that Bitcoin would be made too simple enough to meet the criterion of understanding for lower class grannies. They'll simply have to step up to learn if they wish to adapt to the modern world.

Sandra 🧑‍🦰

We should not judge them based on their age, if they can use the internet they can adopt Cryptocurrency and Bitcoin, the industry has evolved to make it easier for everyone to trade Bitcoin, just as the internet has evolved so everyone on this planet can use it anywhere and at anytime.
I have a hard time understanding what bitcoin was when I was starting out but the abundance of tutorials and tools to use to buy, sell, and Hold Bitcoin.

Technological advances have been used by all people for now, I don't think problem with old human not understand well how to use Bitcoin for digital payment transaction. Nowadays, old human understand well how to use smart mobile phone and I think seems easy for them how to manage and use Bitcoin not only for investing assets but they have skill with bitcoin trading.

Many source on Youtube channel how to use Bitcoin, they have recommended many people to be understood use bitcoin and give detail step if want investing or deposit money first to buy bitcoin.

The rapid development of our technology is challenging for everyone, particularly the elderly. When a government wants to implement something new, like bitcoin adoption, a significant step will be taken to educate the public about how bitcoin works and protect users from fraud. So if implemented, it can be done. However, we are accustomed to a variety of payment options and other financial-related activities. As a result, we anticipate that some individuals will use bitcoin, while others will stick to traditional methods of transferring and paying money.

Why not ? Because any adoption that has been approved by all parties and all levels of society will certainly be very friendly to everyone, including parents, even though they have never used crypto. Because when the adoption of crypto actually appears to be approved, it does not mean that fiat currency will be thrown away even though it will be seen as being removed from its use in public life.

As long as these parents can talk and ask the people closest to them or their own families who they can entrust with matters related to crypto, I don't think these parents will be easily deceived by other people. Unless they always reveal personal things to everyone in their environment.

And you also don't need to worry about this because parents also have a generation that they can instruct to store private things such as the private key of the wallet they use. Because when they are gone in this world, all those things will also belong to their children or grandchildren. After all, any adoption will not be hampered by old age in the few people who are still alive in this world.

There is no obligation for anyone to use Bitcoin if its adoption becomes wider even though most of the people are already using it. Parents who do not know the world of digitalization will never understand Bitcoin even though it has been explained many times, it is difficult for them to accept the existence of Bitcoin due to being blind to technological developments.

Regarding being a victim of fraud, even young people can become victims if they are not careful. To maintain the security of the Bitcoins in the wallet, it cannot be separated from how safely you can hide your private/public keys, you also have to avoid phishing attacks launched by scammers.

Old people getting involved with Bitcoin isn't a bad idea if they find it easy to understand and make use of it, but our focus should be mainly on the younger ones who are gonna need it tomorrow and who also gonna be father or mother in the coming future when the quest for Bitcoin is in high increase. Every technology out there is certainly not meant for everyone to use and same is Bitcoin. Though as part of creating more awareness about Bitcoin, should be mainly targeted to people who will desire to use it and not be forced to people, basically old people that doesn't care or need it that much. For instance in my locality, some old people are still battling on how to operate smart phones and to use banking Apps, let alone Bitcoin which involves a bit more process of using and storing it.

The fact is that until now the adoption of Bitcoin has existed and has been done, right?
Even today there are also several countries that have special regulations for Bitcon and legalize it.
In my opinion, there is nothing to worry about when it comes to age.



I don't think age is the only factor that determines whether someone is gullible.
The main factor that someone tends to be deceived is due to a lack of knowledge or someone's carelessness.



Look at us "humans" we have gone through several eras from ancient times to the present digital age.
Humans will continue to adapt to existing innovations or developments, right?
I don't think old people need to worry too much because Bitcoin also doesn't require someone to understand and own it, right?
Even if someday Bitcoin is legal and adopted throughout the world, one day there will definitely be innovations developed to make it easier for the owner.

I guess it wasn't the problem since all of the users are prone to scams, phishing, etc. If you don't have enough knowledge and don't know how it works in the first place you shouldn't start cryptocurrency or bitcoin or do it since ignorance could easily be the reason why people are getting scammed, its not really about old people, it is just about how you understand the technology, that thing is most of the old people wasn't that techy since they don't have this kind of technology in their generation.

When it comes to adaptation is it going to happened soon on bitcoin, there are some wallets that probably customize there wallet as an easy to used interface that probably most people could easily used but mostly it is going to be custodial wallets, Most wallets that have private key or seed phrase is gonna be complicated, because it is actually complicated to create this kind of wallet but it is the best and most secure wallet where you could store your bitcoin or cryptocurrency.

Age sometimes doesn't say anything, but there are many old people who really have difficulty using the phone, the internet, how can they use bitcoin. For example, my parents have only been exposed to smartphones and the internet for the past 2 years, they seem only to know to make and receive calls, sometimes entertaining with youtube. Other than that, they don't know anything else, and even though we tried our best to guide them, they barely understood anything.

For the older generation, this may be too difficult, so a full-fledged adoption will occur when the younger generation grows up and takes the reins into their own hands. Some of the old people will be able to adapt, but for most it will be too difficult, you look at even the simplest example of how difficult it is for them to deal with a smartphone. Unless there is someone who can help figure it out.

Not all the time do people commit to the bitcoin and can adapt with the bitcoin most of the elders do not want to commit anymore to the other way of investment because they want to stick with the life they have we have a different perspective and we cannot push other people if they really want to just to invest, if those people really wanting to risk they can listen to you but if not there's no hope with that, better to those people who really wants to.

There is no age limit for using Bitcoin, it don't matter if you are 18 or 85 years old, anyone can get involved in Bitcoin investing. Not a bad idea for parents who want to get involved in Bitcoin, as long as they are good at buying/selling and managing wallets, they can get something out of the emerging technology. Parents who are involved in Bitcoin already understand the benefits and risks that are in it, as long as there is a chance there is nothing wrong with trying.

It can generally be said that anyone who can use the Internet can use Bitcoin.  But in my opinion, the elderly, even if they can use the Internet, they cannot realize that using Bitcoin is easier than using other financial systems.  They imagine that it is greater than their level of awareness.

The tech-savvy generation is more receptive to crypto adoption than parents, but there is always room to learn if they want to get involved. The important lessons are about how eager they are to learn and how they take a systematic approach to getting started, even if it seems difficult to teach those who are not tech-savvy.

Categories Old people should be given an idea of their age, because not all parents can be categorized like that and their tendency to accept adoption will raise suspicion of fraud as you mean. This problem is due to a lack of response to learning technology, so that fear arises and continues to be at the stage of failing to understand technology.

The reasons are quite simple to say they are more difficult to accept adoption, firstly because their life was not involved in the development of technology and to meet the criteria of people who easily understand private/public keys and hot/cold wallets are they who are tech savvy, if they don't live in this environment, it would be quite difficult for them to study.

I think for those who are always updated about technology, of course they will not be deceived, actually some of us know about Bitcoin and they even adopt Bitcoin, and actually this also depends on how they understand, if fraud is declared against parents I think this it also happens, even if we take it in terms of fiat currency they will also be deceived, because this also goes back to one's mindset.

Old people aren’t dumb people obviously so why not they can use bitcoin. There are some old people already in crypto-currency and they are doing very well without any issues.

I have tried to teach one on how Bitcoin was and the process wasn’t relatively difficult because some old people are better listeners the problem now with the teaching the elderly would have to be their stubbornness to change or move away from the traditional form of transactions and also believe and speculations can be a hinderance.

Age doesn't matter when it comes to using Bitcoin, but mostly older people are big investors in Bitcoin. Retired army officers, retired school teachers, civil servants in all countries where Bitcoin is fully legal are investing in Bitcoin. In all countries where Bitcoin is legalized i.e. goods can be bought and sold in exchange for Bitcoin, older people are buying and selling goods using Bitcoin. As age does not matter when it comes to using Bitcoin, the elderly like the youth are using Bitcoin for trading, holding and commercial side. My uncle age 68 lives in Malaysia he invested $4000 on Bitcoin. So Bitcoin needs to involve the youth as well as the elderly and encourage them.

You obviously think that older people are stupid and will not be able to figure out what bitcoin is. You will also become elderly sometime, but this does not mean at all that you will become dumber than you are now. So do not underestimate the mental abilities of the elderly.

Even older people can use Bitcoin, technical limitations may require additional guidance. People need to begin by educating themselves, utilize a user-friendly wallet and dependable exchange, stay away from scammers, and ask for help if necessary because most of the victims of scams nowadays are old people who has not enough knowledge about cryptocurrency.

To me I think it will be kind of difficult for older people to use bitcoin, one of the reason is the platform, it will be too difficult for them to operate, and with the amount of internet fraud right now, even we that are young fall victim of fraud talk more of people that are older, to me it will be mission impossible for older people to be able to use bitcoin, unless they has already been use to it at an early age, that we can say he or she is already use to the platform or let's say how it operates.

I think it is possible for old people to use BTC but an important requisite for it to happen is their interest towards this subject. If they truly and willingly want to learn about the fundamentals of cryptocurrency, then they would most certainly understand and use it on their day-to-day transactions.

One problem might arise if you force these people to learn, especially if they show signs that they are not interested about it. Again, investing is not for everyone and some people prefer their respective methods of investing their resources.

If you know someone who is interested, then teach them personally so that they could see concrete examples of its application.

I don't encourage the idea of getting old people involved in the use of bitcoin especially older people adoption of bitcoin should be discouraged for the love of their peace of mind. There's a particular way these older people reason. The way a young person will face a situation of a loss of money due to the crypto market system is quite different from how an older person would take it in, mind you most of these old people are retirees, and money shouldn't come in between them and their health. As a little scam due to their vulnerability to scammers my leading to thinking and health complications.

Your pattern of laying emphasis by means of repetition on the grouping as per "old human beings" almost leaves me with the impression that, they were of a different specie other than humans. Of course that would be inaccurate but, I still feel there is a world for the old even I a fully crypto functional society.
As oppose to what you've stated with the old being victims of crypto scam; this is often the case due to ignorance. A fully crypto innovative system would mean more awareness for the young and old which reduce crypto scam to a minimum and the technology about payments would be made simpler and easy to operate. It's already easy as it is but, people are yet to grasp due to lack of exposure.

If older individuals don't look up many investment options online and only use Bitcoin for personal savings or money transfers to family members, they won't ever be defrauded.
I think that because they are the ones that constantly investigate and test out all those investment possibilities that promise enormous returns, young people are more likely to be scammed. My grandfather invests in the stock market. Due to his extreme caution and commitment to his investing tenets, it is difficult to persuade him to dedicate funds to cryptocurrency. Older individuals rarely risk their money on things they don't fully grasp unless they are persuaded to do so by someone they have complete faith in.

Unfortunately, this is true. The most potential victims for the new systems will be either the elderly, or absolute beginners who have just recently decided to get acquainted with the world of cryptocurrencies. I draw parallels now with the Internet and bank cards. In these spheres older people get cheated very often, because for them such technologies are a kind of discovery and they do not know all the nuances. Even experienced crypto users sometimes get caught in a trivial phishing or some similar scam attack.

About the questions answered, I am very curious about how many scam cases at El Salvador after their country adopted bitcoin as a legal currency. This will answer some doubts, will also allow other countries and their users to find the best solution in order to minimize the number of incidents of scam and attempted scam.

I believe that there are complex thinks between the age groups of cryptocurrency users, especially those who are elderly. But As long as the adopting country does not abolish fiat and replace it with bitcoin or specific cryptocurrency, then bitcoin is the alternative ^{[not the main currency].}

If older individuals don't look up many investment options online and only use Bitcoin for personal savings or money transfers to family members, they won't ever be defrauded.
I think that because they are the ones that constantly investigate and test out all those investment possibilities that promise enormous returns, young people are more likely to be scammed. My grandfather invests in the stock market. Due to his extreme caution and commitment to his investing tenets, it is difficult to persuade him to dedicate funds to cryptocurrency. Older individuals rarely risk their money on things they don't fully grasp unless they are persuaded to do so by someone they have complete faith in.

Yes, it would be interesting to see such statistics, but something tells me that we will never see them. According to the statistics we have, only young people in El Salvador are interested in bitcoin, and most of the older population is skeptical about bitcoin and does not want anything to do with it, they do not trust bitcoin and consider it unnecessary for mutual settlements inside the country. So with this level of skepticism, it is unlikely that many older people in this country have fallen victim to bitcoin fraud.

If an old man has been using cryptocurrency since he was young, I have no doubt that he will be able to do so in his old age, especially if he understands the value of his private key and the Bitcoin he already has in his wallet.
Age can hinder people from adopting Bitcoin to some extent, but once they do, they can continue using it until they can no longer understand it. Age is not suppose to be a barrier for using Bitcoin.

In my country it's impossible. People don't have that education, most of the older people don't own a computer and don't have any knowledge that bitcoin exists at all. Quite a backward country.

When adoption comes, the ols people will find a way to also adapt to the new adoption. The old people have been in existance and are surviving before the existance of modern technologies, and there are still many old people who dont have access to modern technologies and they are adapting to any environment they are. In Nigeria today, the old people who dont have any electronic device like mobile phones are still copping with the cashles policy. 
So i believe that in adoption of crypto across the country, old people will adapt a surviving strategy.

They cannot adapt easily to the new technology introduce to them if no people will teach them about how to use bitcoin properly. Also they need to know how risky it is since using it could be bad for them since they can be deceived by scammers telling that they can multiply their money if they invest to the scammers platform, this is why aside for teaching those old people how to use it its important that we have proper crypto education to avoid those unfortunate incident.

Everyone has their own way of adopting anything from the development of the modern era and even no exception to adopting bitcoin, but for parents whose age range is over 70 years it will be for them to understand something new, maybe the age range of parents is 50-60 years we still have the intellect to understand something new even though we have to explain it many times, but because there are so many electronic money transactions nowadays it will help parents to understand the basics of crypto transactions too.

Ohoho, it's going to be a big challenge for the crypto adoption to be accepted by boomers. Even the great Warren Buffet is still nonchalant about this. Not many old people can accept that the world is changing. because that means they need to learn and adapt again, and it takes great effort to do that. However, there's always a group of old people who still have a young spirit, are adaptable, and have high curiosity. If they have a strong will, they can also utilize the technology. They just need to increase their technological literacy and familiarity with financial systems. As crypto enthusiasts, then it would be our task to help those who want to learn by preparing the easiest way for them to do so. Don't forget to include all the basic fundamentals (including basic digital literacy skills, as well as more targeted information on how to securely store and manage cryptocurrency assets, the potential risks and vulnerabilities that older individuals may face when using cryptocurrency, such as scams or fraud, and so on).

I just don't understand why are you referring to the old human being as the idiot and illiterate one.  Because not every old human being is an idiot. They are not newborn babies they have spent a life and are near to an end. I t doesn't mean, they have no intelligence to understand what are digital wallets (hot and cold) and what are private keys and public keys.

If you could teach them in a good manner then there is no chance that they will not understand the concept. They might disagree with this technology and could say this technology is not good etc. But they will understand blockchain technology and how it works in general.

I agree with you about most of the old human beings gets fall prey to scams and in frustration, they do not accept them. The reason is simple, they do not learn before usage, and they need someone to teach them if they are not YouTube learners.

Here is a thread in which one's uncle took a loan to invest in crypto, your question could be backed up with this topic. Taking loan for investment can be life threatening (https://bitcointalk.org/index.php?topic=5445132.0)

Old people make these types of mistakes and then their offsprings have to face consequences. If there is the mainstream adoption of BTC is going to happen then a complete guide is necessary for kids to old men.

your opinion is correct, parents who still don't know and understand about this modern technology will definitely be vulnerable to being deceived easily if they participate in investing in bitcoin.
but on the other hand the adoption of bitcoin is still continuing, so let time tell.

Old people can use bitcoin just like how we use it. Unless they do not know how to operate a device, then they aren't capable of doing it. Because of that, they will be needing help from other people who are knowledgeable with it... Could be anyone (their son, grandchildren, neighbor, etc.) whom they trust. But if there's no one to help them, then they won't be able to use it.

I don't think old people really have any use for money to be spending it any how like a millennial, and with crypto being irreversible I don't think this is a good idea as they are more likely to be scammed or might send coins to the wrong user.

Agreed, which makes it hard to make it a platform for the senior citizens.

Crypto is more for the millennial and to safe guard the money for the senior citizens best not to allow them to use it unless they know the risk involved.

As with any new technology, there will likely be a learning curve for older individuals who are not familiar with cryptocurrencies. However, if adoption of cryptocurrencies continues to increase, it's possible that we will see more user-friendly systems and tools that are designed specifically for older individuals.

For example, some companies are already working on developing simplified cryptocurrency wallets and other tools that are designed to be more accessible for older individuals and those who are not tech-savvy. These tools may incorporate features like voice commands or simplified interfaces that make it easier for users to navigate and understand.

Additionally, there may be educational programs or resources available to help older individuals learn about cryptocurrencies and how to use them safely. This could include workshops, tutorials, or online courses that are tailored to the needs of older learners.

Of course, there will always be risks associated with using cryptocurrencies, and it's important for individuals of all ages to take steps to protect their investments and avoid scams. But as the technology continues to evolve and become more widely adopted, we may see more options and resources available to make it easier for older individuals to participate in the cryptocurrency market

Everything can be learned if taught thoroughly but if those people doesn't want to learn about it then we can't do anything about it. But that's not the case if more people will have to adopt Bitcoin then those people will be the older people in the future that knew about cryptocurrency/Bitcoin.

To OP, older people doesn't use much fiat or crypto currency in the future when all they will be doing is living their lives to the fullest. It's not a problem if they don't adopt to Bitcoin we'll have more new generation coming to learn and adopt Bitcoin in the future.

And it is the old people who hinder the adoption of Bitcoin, because they are reluctant to use this technology which they think is inefficient and cumbersome. They prefer to use platforms like Paypal, Visa, or other conventional payment platforms compared to using Bitcoin, and that is a fact. They think that these Bitcoins are fraudulent and not real, so most of them avoid using them.

If bitcoin is adopted, the authorities will likely appoint these centralized companies and promote their wallets and apps to the public. It is anticipated that banks will work with authorities to introduce bitcoin into the system and persuade the public to use it. These applications and wallets will not permit their clients to hold the keys and offer less to zero privacy, but it will permit them to catch fraudsters in their centralized system. The privacy and decentralized nature of bitcoin are not the reasons why authorities and banks will adopt it, they hate it as they always want a grip on its people and customers. They will only adopt it as the demand keeps increasing and they can use it as another option for payment and investment.

Never have I heard that it will be mandatory for old people to use Bitcoin. Besides, Bitcoin doesn't need to exist alone neither would I consider it win if Bitcoin displaces our local fiat. Bitcoin should be able to coexist with the fiat and people should have the option to  choose which to use and when to use it. By people I mean old people.Whenever this happens, there would be ease for them to have and save their Bitcoin. There would be more Bitcoin machines and a whole lot of other interesting innovative technology to help old people navigate how to use Bitcoin. It shouldn't be a thing that should perturb anyone at the moment.

Lastly, if you have old people around you, now would sound like a great time to chip in one or two things about Bitcoin. Just some light tips nothing serious that would immediately cause them to be disinterested.

When this technology is adopted in all countries, the old people you are talking about will no longer be alive. And you will be in the old man's place by that time. So there will be no problems, since you will keep your knowledge about bitcoins and will help those who do not have them.

Nothing bad for old people to be using Bitcoin but I don't think it is necessary for them to be using it. Let just believe that a lot of many old people are not following the advancement of technology and with that they will found it difficult to adapt with how blockchain is being operate unless the computer scientist among them. But it is okay with any old people that want to learn and start making uses of Bitcoin. but the only things is that we will never force them to adopt Bitcoin as currency.the adoption of Bitcoin is increasing day by day by new generation and I think is best way because they will age with the system.

It's a valid concern that the adoption of cryptocurrencies may pose challenges for older people who may not be as familiar with the technology or may be more susceptible to scams. However, I believe that as the industry continues to mature, we will see the development of more consumer-friendly systems that make it easier for people of all ages to utilize cryptocurrencies.

One potential solution for older people could be the development of simplified user interfaces that are more intuitive and easier to use. Some companies are already working on developing such interfaces, and I believe that this trend will continue as more people begin to adopt cryptocurrencies.

Another solution could be the use of custodial services, where a third-party provider manages the private keys and other technical aspects of cryptocurrency storage and transactions on behalf of the user. This could help to reduce the risk of scams and make it easier for older people to use cryptocurrencies without having to worry about the technical details.

Overall, I think that the industry will continue to evolve and develop new solutions to make cryptocurrencies more accessible to people of all ages, including older people who may be less familiar with the technology. As with any new technology, there may be a learning curve, but I believe that with the right tools and support, anyone can learn to use cryptocurrencies safely and effectively

It's not necessary to every old people to use Bitcoin. Full adoption of Bitcoin will take a longer time and it's not practically possible that everyone will use Bitcoin. I think old peoples should be taught properly by the young generation so that they can use this technology easily.

Just like money which is a means of exchange for everyone, bitcoin is also for everyone and there's nothing like age restriction. What we are looking for is the world adoption of bitcoin by educating people, creating awareness and spreading the word about bitcoin to every nooks and crannies of the world. Never you write off people's desire for technological advancement when it comes to age because there are some old persons that have pretty good knowledge about bitcoin and are big hodlers.

Old people adopting bitcoin seems somewhat risky I think they should rather stick to using fiat currencies where issues can easily be addressed and solve. Some old people can actually be smart enough to comprehend and adopt bitcoin but since cryptocurrency is home for scam activities they can easily be targeted and the risk of loosing an asset can be unbearable. If an old person feels he is capable of adopting bitcoin and can properly safeguard his/her keys and also bear the risk associated with it then cool it’s okay for them to adopt bitcoin.

I also agree with you that there is no class or age restriction for using or holding Bitcoin. But there is one thing to talk about the obligation of age, which we are bound to accept. There are times when people want to learn something new, but due to their limitations, they cannot master it completely. In this case, if bitcoins are handed over to such elderly people for use, it may cause them financial loss.
But before handing it over to them to use it, they need to be briefed on its security training, because protecting freedom is more difficult than gaining it. And like others, I also think that it is not necessary for everyone to use Bitcoin.

LOL great analysis. I am afraid there will be other technology that OP as an old person won't understand at that time, so OP's grandson will post on social media about how to make old people understand about the tech!
At some point of life people don't want the change. so it is expected that the old generation doesn't welcome bitcoin as a currency. Because all of their life they chased fiat not some digital money that they can't touch or feel.

If some old people really likes to get involved and invest in bitcoin, it depends to the person explaining them the terms and things about it like wallets, and all of those other important stuff.

So if it's made fun and interesting to learned upon, the age won't matter as it's being studied and that's why they are studying about it because they're keen to learn more about it and willingly to invest their money that might be from their pensions.

As said, it depends to the person. If it's made to be looked too confusing based on the explanation then it will be hard for the old people to catch up but if it's not then the opposite.

I doubt that you can name several reasons for old people to start using bitcoin. Everyone understands that investing in cryptocurrency is associated with high risks, so why should an elderly person risk if his well-being is at stake. The usual fiat for such people will be more preferable only because it can be held in their hands.

Makes sense though. Bitcoin is popular, yet it’s adoption is still uncertain when it will happen. And maybe if it does, the process will definitely takes a lot of time like 5-10 years. And by that time, we will be 10 years older from now, and those who started late in bitcoin will become older than they are. But I believe when adoption is already there, even old people will be able to learn its usage knowing there’s always a room to grow and improve.

Whether it is necessary or not, depends on the individual.
Why do you assume many old people don't follow technology? Old people in villages may not care about following technology, but old people in the city must follow it because it is necessary for them. It may be related to their jobs or their needs in daily life. So, we can't simply conclude "not many old people follow technology", it should be based on the research.

Sure, everyone can learn and join crypto or Bitcoin, whether old people or young people. There is no restriction on the ages. It is just about interest, since not all old people are interested in something new, especially in digital investment/currency. Old people prefer to choose certain things, have low risk, and are familiar enough with them.