brooklynian
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November 14, 2018, 09:40:26 PM |
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Yes, I agree totally. Younger generation will drive bitcoin more than the older ones who can't even cope with the present pace. This is a technology that matches with younger age, considering the level of sophistication happening all over the world today.
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serjent05
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November 14, 2018, 10:15:23 PM |
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Somehow you are right. The younger generation are more impulsive, fearless, careless and more curious about new things. Most of them do not think much about risks as long as they follow their curiosity and maybe this curiosity will open a door to a more advance technology that will cause mass bitcoin adoption as you’ve said.
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iMark
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November 15, 2018, 12:52:53 AM |
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It seems to me that not only new technologies have become the reason that young people are more active in accepting Bitcoin than older people. Cryptocurrencies are generally risky business, they require quick and bold decisions, which are more inherent in youth.
Maybe it also affects, because old people psychology will certainly avoid risk that is high, but young people are always challenged to use greater risk. but in my opinion there are many old people here, so there is another reason, in my opinion because sophisticated technology makes old people not too interested, and more suitable to young people
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SnowAugustine
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November 15, 2018, 12:56:24 AM |
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No doubt about it. Older people tend to be more wary of new technologies. It's not that easy for them to adapt because they are already used to what they currenly have - having lived for so long. :p
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MoreMoneyHunt
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IQCash
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November 15, 2018, 01:30:47 AM |
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It seems to me that not only new technologies have become the reason that young people are more active in accepting Bitcoin than older people. Cryptocurrencies are generally risky business, they require quick and bold decisions, which are more inherent in youth.
Bold decisions are not inherent in youth only. The fact is, the older generation are not much inclined to the contemporary technology trend as most of them are stuck to the old ways of investment (gold and bank investment).
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btcjocan
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November 15, 2018, 04:48:21 AM |
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We know that younger people these days are used to everything being faster and more efficient, because they have been exposed to technological innovation from their birth. The younger people entered this world at a much faster pace than the older generation and they are being bombarded with choices like no generation before them. They are also used to instant gratification, because technology has enabled a world where things happens almost instantaneously. Bitcoin is just another technology where things are done more efficiently and much faster than the traditional options available and the younger generation are drawn to these technologies, like a moth to a flame. Bitcoin should be applied to all services where there are a need for more speed and efficiency, to draw in the younger generation that are constantly searching for that. Do you agree? Let's discuss this and see if we can target the correct demographic with this technology. This tool provides us convenient and an easy way to use and to profit as well.For the young generations that are exposed to social networks and high technology it is certain that young people adopt bitcoin and cryptocurrencies than older ones because older people just tend to use the traditional way on making transactions and hand on fiats whatever they buy in any places that they will go,because for them its hassle free if they used fiats than bitcoin.
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BigTeeths
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November 15, 2018, 08:07:02 AM |
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That's really true. Youth of this generation are not always afraid to try things. You can see inventions like hoverboard getting patronized by a lot of millenials unlike old people. And I'm also part of a millenial so I think that cryptocurrency provides me much more convenience because I always transact online.
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Indrawan77
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November 15, 2018, 09:24:07 AM |
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Younger generation are more adopted to technology and more open minded about crypto, and the younger generation could create more usage for crypto, while older generation believe more in something tangible, like gold or stock, and some older generation even accuse crypto as a fraud investment because it doesn't got any physical shape
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meanwords
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November 15, 2018, 09:40:28 AM |
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I agree with you. The younger audience is more likely to understand how Bitcoin works and how revolutionary it is. Now that the technology is a part of our necessity, it makes sense that the newer generation would be able to adopt Bitcoin much faster.
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Dasha88fed
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November 15, 2018, 10:23:43 AM |
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Bitcoin will gradually be used in all areas in which Bitcoin should be applied. Perhaps this process would move faster if the adult generation were more open to adopting new technologies. Only thanks to the younger generation and enthusiasm, Bitcoin has become what it is now.
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krishnaverma
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November 15, 2018, 10:58:02 AM |
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Young people are already investing but we need to include old people as well :
1) The old people have lot of savings and thus if they start investing in crypto in huge numbers, we can see growth in crypto prices.
2) Old people adopting crypto means that we can even expect a situation where crypto completely replaces cash.
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Harrisonimo
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November 15, 2018, 11:59:04 AM |
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As much as the older ones have been in existence before the youths and have an established pattern, the youths can help bridge the gap of connecting the older ones with the latest technology which I believe has remarkable results to show it on how things can be done better and faster too.
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CASTIEL05
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November 15, 2018, 12:02:05 PM |
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Young people are already investing but we need to include old people as well :
1) The old people have lot of savings and thus if they start investing in crypto in huge numbers, we can see growth in crypto prices.
2) Old people adopting crypto means that we can even expect a situation where crypto completely replaces cash.
Actually, old people are those who can easily convey to invest in cryptocurrency. Young people like me will prefer to get job first because I can earn money with it. Unlike old people who don't have anymore strength to continue working for several years and thinking about their future will give importance the investment in cryptocurrency.
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Lucusfoundation
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November 15, 2018, 12:28:38 PM |
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Indeed.
Young people will take all of what we're doing to the next level, and that definitely includes Blockchain Technology and Cryptocurrencies.
Why would they use FIAT anyways? If relations are now global, payments need to be aswell.
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DAVETUN
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Bitcoin is the currency of this age
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November 15, 2018, 12:38:57 PM |
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The older generation want to retain the old ways reason behind the challenge and negative news against bitcoin, change is always restricted, The younger generation must ensure we remain resolute and keep promoting the vision of Bitcoin in order to remain relevant and ultimately take over the baton from the older generation.
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Lomberjack
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November 15, 2018, 01:39:15 PM |
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We know that younger people these days are used to everything being faster and more efficient, because they have been exposed to technological innovation from their birth. The younger people entered this world at a much faster pace than the older generation and they are being bombarded with choices like no generation before them. They are also used to instant gratification, because technology has enabled a world where things happens almost instantaneously. Bitcoin is just another technology where things are done more efficiently and much faster than the traditional options available and the younger generation are drawn to these technologies, like a moth to a flame. Bitcoin should be applied to all services where there are a need for more speed and efficiency, to draw in the younger generation that are constantly searching for that. Do you agree? Let's discuss this and see if we can target the correct demographic with this technology. Yes that is true. Technology nowadays is very popular especially to the millenials. They are using it so that they can make money fast and easy. Older generations should be thought to about bitcoin or other cryptocurrencies.
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posi
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November 15, 2018, 02:28:33 PM |
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I agreed with what the OP said concerning bitcoin should be use all services application where there are a need for more speed and efficiency but the level of understanding and involvement of each young people in terms of technology and new innovation will determine how some young people will adopt bitcoin. I'm saying this cause I have invited and told acouple of my friends about bitcoin but the seems not to understand or lack the knowledge about the potentials of bitcoin. Mind you, alot of older generation invest their pension money into bitcoin in Japan.
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bravehearth0319
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November 15, 2018, 02:55:28 PM |
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Bitcoin is taking its time to adoption with slow pacing for the past two years. Developments somehow encountered obstacles such as concerns in government recognition, hacking incidences, and very long downtrend market. But, when bitcoin hit the key for adoption, expect a huge acceleration for bitcoin going mainstream adoption. For sure, the new generations won't have problems with these. They'll welcome the bitcoin technology openly because they are already used to faster and efficient systems.
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royaleFlag
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November 16, 2018, 07:57:21 AM |
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We know that younger people these days are used to everything being faster and more efficient, because they have been exposed to technological innovation from their birth. The younger people entered this world at a much faster pace than the older generation and they are being bombarded with choices like no generation before them. They are also used to instant gratification, because technology has enabled a world where things happens almost instantaneously. Bitcoin is just another technology where things are done more efficiently and much faster than the traditional options available and the younger generation are drawn to these technologies, like a moth to a flame. Bitcoin should be applied to all services where there are a need for more speed and efficiency, to draw in the younger generation that are constantly searching for that. Do you agree? Let's discuss this and see if we can target the correct demographic with this technology. Of course they will do that, but for some old folks they would much prefer the old way and we are not going to deal with that youngsters. So we should try to make them understand all about crypto and blockchain tech. Because the old people are still investing in the solid assets or they are not interested in the cryptocurrency and prefer to invest in other assets unlike the youth who are more inclined towards the internet economy.
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Stac
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November 16, 2018, 10:18:36 AM |
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There are specific reasons for young people to drive bitcoin adoption more than the older generations because, bitcoin is with strong net work systems incorporated with modern technology. The modern technology is familiar with a very few people only among the global community, mean time the older generation people are far away from the modern technology.So bitcoin is introducing a new concept of economy which is found suitable to the modern world though it is contrary to the present economical concepts in which we follow at present. The introduction of bitcoin is a new form of economy which changes the entire face of the global economy in various dimensions of the human life. Bitcoins popularity is wide spreading world wide and very shortly bitcoin can become a global currency which can operate world wide for the benefit of the entire global community. Bitcoin has implemented the block chain technology that has a very wide usefulness in the human life and corruption free.
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