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Author Topic: Young people will drive Bitcoin adoption more than the older generation.  (Read 2213 times)
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November 16, 2018, 11:45:50 AM
 #61

We know that younger people these days are used to everything being faster and more efficient, because they have been exposed to technological innovation from their birth.

The younger people entered this world at a much faster pace than the older generation and they are being bombarded with choices like no generation before them. They are also used to instant gratification, because technology has enabled a world where things happens almost instantaneously.

Bitcoin is just another technology where things are done more efficiently and much faster than the traditional options available and the younger generation are drawn to these technologies, like a moth to a flame.

Bitcoin should be applied to all services where there are a need for more speed and efficiency, to draw in the younger generation that are constantly searching for that.

Do you agree? Let's discuss this and see if we can target the correct demographic with this technology.  Cool

true that. eventually blockchain will be use in all industry.
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November 16, 2018, 11:59:11 AM
 #62

Yes they will adopt to the bitcoin only if we educate them what is bitcoin or else they will keep spreading news that bitcoin is used by hackers.Because even many of my friends said that bitcoin is illegal and it was only used by hackers even when our country completely allows bitcoin usage in our country.









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November 16, 2018, 12:10:19 PM
 #63

Yes they will adopt to the bitcoin only if we educate them what is bitcoin or else they will keep spreading news that bitcoin is used by hackers.Because even many of my friends said that bitcoin is illegal and it was only used by hackers even when our country completely allows bitcoin usage in our country.
many people did not have enough knowledge about bitcoin and cryptocurrency but they easily said it is illegal and used by criminal.so as cryptocommuity we need to educate them about it.

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November 16, 2018, 12:13:50 PM
 #64

The older generation have experience and are not ready for much exploit. The older generation have much responsibility and are not also ready to risk their money.
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November 16, 2018, 12:29:34 PM
 #65

The older generation have experience and are not ready for much exploit. The older generation have much responsibility and are not also ready to risk their money.

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

sorry bro i just clear out what you have said above .  anyway  lets back to the op's question  , @op i dont agree on it because i think older generation or older people are more knowledgeable therfor they are the one's that can drive bitcoin adoption and not the younger people because their minds is not yet ready for some serious technical discussion .
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November 16, 2018, 01:07:56 PM
 #66

Its is due to their environment. They grew up in an era where everything can be done in the touch if your finger. They tend to be more active in social media were might influnce them to try what was advertised from it. Also the innovation happening will drive millenials to be more vigilant on it. But also the older people want to be have their own contribution in this era, they are also an influencer for the younger ones. As parents, they have the capacity to gain knowledge and share it to their childdren.
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November 16, 2018, 11:51:19 PM
 #67

We know that younger people these days are used to everything being faster and more efficient, because they have been exposed to technological innovation from their birth.

The younger people entered this world at a much faster pace than the older generation and they are being bombarded with choices like no generation before them. They are also used to instant gratification, because technology has enabled a world where things happens almost instantaneously.

Bitcoin is just another technology where things are done more efficiently and much faster than the traditional options available and the younger generation are drawn to these technologies, like a moth to a flame.

Bitcoin should be applied to all services where there are a need for more speed and efficiency, to draw in the younger generation that are constantly searching for that.

Do you agree? Let's discuss this and see if we can target the correct demographic with this technology.  Cool

I don't necessarily think that it's because the older generation is not technology literate, even though the vast majority of them have less IT skills compared to the young generations, but rather the fact that they are not able to grasp the idea of decentralisation.

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

Younger generations that are more open to new ideas are more likely to see BTC's potential to solve some of the problems with centralisation, fiat, and expensive transfers being facilitated by banks. They will thus be the drivers of mass adoption if it ever happens, which is something positive in the long run.
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November 17, 2018, 06:03:39 AM
 #68

Young people more easier adapting cryptocurrency because they have knowledge how using internet. Some old people can adapt with fast but i think mostly not confident to invest in cryptomarket because they prefer old investment like stocks, gold or bonds

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November 17, 2018, 06:15:40 AM
 #69

This is the status quo of the world, yes. The stock market and the real estate market have lost their original luster, and the wealth that millennials have earned through hard work is scarce. Capitalists have achieved a monopoly. When cryptocurrency emerged, it changed all of this, and the new mutual understanding network would once again change human civilization.

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November 17, 2018, 06:40:26 AM
 #70

This is the way to survive. It is necessary to know that millennials do not have good investment opportunities. They usually sell their own time to make profits. Most of the wealth is in the hands of the older people. So cryptocurrency is the future for young people.

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November 17, 2018, 06:40:36 AM
 #71

Young people more easier adapting cryptocurrency because they have knowledge how using internet. Some old people can adapt with fast but i think mostly not confident to invest in cryptomarket because they prefer old investment like stocks, gold or bonds
I supported what the OP said and aside of the young having the knowledge of how to use the internet. The young people love and enjoy surfing the web which was also the reason why Erick Finan and his brother knew the concept and the features of bitcoin at the early stage.

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November 18, 2018, 11:51:06 AM
 #72

Of course, young people will use cryptocurrency more than the elderly! since it will be easier for the younger generation and they are not afraid to take risks, which cannot be said about older people, they want to be calm for their savings
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November 18, 2018, 04:00:11 PM
 #73

This is the status quo of the world, yes. The stock market and the real estate market have lost their original luster, and the wealth that millennials have earned through hard work is scarce. Capitalists have achieved a monopoly. When cryptocurrency emerged, it changed all of this, and the new mutual understanding network would once again change human civilization.
One reason why I believe that as time goes on and we start seeing more and more improvement in technology, a lot of the older factions will be left out and as they keep paving way based on mortality, the newer generations will be the ones taking the bull by the horn. It is a simple process, they had their time and they have used it, this is the digital jet age, and practically, the idea of assimilating and understanding quickly what is going on around is something easy for the younger generations to absorb pretty fast than the older generation, and that is if the latter will ever absorb at all. So, in a way, I believe when it comes to bitcoin adoption, the younger generation will most definitely take it to the next level.
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November 19, 2018, 04:55:47 AM
 #74

Well, it's pretty obvious that young people are the ones who pick up new things most quickly, while old people tend to be very conservative. As people age, they tend to get scared of learning for some reason - maybe they just think that they already know everything and also there are biological factors.
Using Bitcoin is actually quite hard, I'd say more than 90% of the population will make mistakes if they'll try - they'll leave coins on exchange, download a fake malicious wallet, install their wallet on infected system and so on. Even young people would suffer from those problems, because kids being able to install apps on their phones doesn't mean that they understand security, cryptography and other important stuff.
Most especially when it comes to technology. Let's face the fact, there is so little that the older generation may be able to understand in this day and age, or be able to get their heads wrap around. The world is getting all digital, and for the fact that they have been used to the traditional age all their life, trying to blend in now will always be a difficult thing to do, except for just very few that are really just curious enough to at least want to know some few details about what is going on in their world. There is always that thing with aging and your memory being able to assimilate things quickly compared to when you were young and that is what makes the difference.

We know that younger people these days are used to everything being faster and more efficient, because they have been exposed to technological innovation from their birth.

The younger people entered this world at a much faster pace than the older generation and they are being bombarded with choices like no generation before them. They are also used to instant gratification, because technology has enabled a world where things happens almost instantaneously.

Bitcoin is just another technology where things are done more efficiently and much faster than the traditional options available and the younger generation are drawn to these technologies, like a moth to a flame.

Bitcoin should be applied to all services where there are a need for more speed and efficiency, to draw in the younger generation that are constantly searching for that.

Do you agree? Let's discuss this and see if we can target the correct demographic with this technology.  Cool
You are correct most of the young generation now are very aggresive in crypto business because they are already been exposed to the new technology and always get updated and adopting what is the latest. I have kids and I have taught them about cryptocurrency and you know what I have not felt hard to teach them because they are fast learner and can understand and are now effectively doing the things that I want them to do. They have done their own research and they got the right thing.
Obviously, they already are very conversant with the internet and the rate at which technology is advancing every day, so it is a normal thing to expect them to at least easily grasp what is going on. Easily grasping what is going on around you is always going to be an attribute that will keep deteriorating with age, so one way or the other, I guess it is something very normal. Now that money is going digital, the younger generations are the ones who will be more exposed to it based on the fact that at their little age, they are already exposed to the internet and some of the little things needed to always keep them going.
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November 19, 2018, 06:56:05 AM
 #75

Well, it's pretty obvious that young people are the ones who pick up new things most quickly, while old people tend to be very conservative. As people age, they tend to get scared of learning for some reason - maybe they just think that they already know everything and also there are biological factors.
Using Bitcoin is actually quite hard, I'd say more than 90% of the population will make mistakes if they'll try - they'll leave coins on exchange, download a fake malicious wallet, install their wallet on infected system and so on. Even young people would suffer from those problems, because kids being able to install apps on their phones doesn't mean that they understand security, cryptography and other important stuff.
Most especially when it comes to technology. Let's face the fact, there is so little that the older generation may be able to understand in this day and age, or be able to get their heads wrap around. The world is getting all digital, and for the fact that they have been used to the traditional age all their life, trying to blend in now will always be a difficult thing to do, except for just very few that are really just curious enough to at least want to know some few details about what is going on in their world. There is always that thing with aging and your memory being able to assimilate things quickly compared to when you were young and that is what makes the difference.

We know that younger people these days are used to everything being faster and more efficient, because they have been exposed to technological innovation from their birth.

The younger people entered this world at a much faster pace than the older generation and they are being bombarded with choices like no generation before them. They are also used to instant gratification, because technology has enabled a world where things happens almost instantaneously.

Bitcoin is just another technology where things are done more efficiently and much faster than the traditional options available and the younger generation are drawn to these technologies, like a moth to a flame.

Bitcoin should be applied to all services where there are a need for more speed and efficiency, to draw in the younger generation that are constantly searching for that.

Do you agree? Let's discuss this and see if we can target the correct demographic with this technology.  Cool
You are correct most of the young generation now are very aggresive in crypto business because they are already been exposed to the new technology and always get updated and adopting what is the latest. I have kids and I have taught them about cryptocurrency and you know what I have not felt hard to teach them because they are fast learner and can understand and are now effectively doing the things that I want them to do. They have done their own research and they got the right thing.
Obviously, they already are very conversant with the internet and the rate at which technology is advancing every day, so it is a normal thing to expect them to at least easily grasp what is going on. Easily grasping what is going on around you is always going to be an attribute that will keep deteriorating with age, so one way or the other, I guess it is something very normal. Now that money is going digital, the younger generations are the ones who will be more exposed to it based on the fact that at their little age, they are already exposed to the internet and some of the little things needed to always keep them going.

I thought about this thread when I watched a 5 year old playing with her mothers smart phone, whilst I was in a waiting room at a doctors office. The mother passed the mobile phone to the child to keep her busy and she unlocked the phone and started playing several complex games.

If I compare this with the problems I have to explain the most basic concepts to my older relatives, then it is easy to see how the younger generation will lead the Crypto currency adoption. They are quick learners and they are fast paced and this is what is needed in Crypto currencies for it to flourish.  Wink

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November 19, 2018, 11:05:54 AM
 #76

young people have the opportunity to learn many things including bitcoin, but is it possible that bitcoin can still survive. so that young people can still feel from crypto currencies including bitcoin?
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November 19, 2018, 11:30:27 AM
 #77

I do, not only are the younger generations more exposed to technological innovation, they are also more accepting to it than the older generations. In addition, the younger generation seeks faster transactions in everything so I believe that if they are introduced to virtual currency and its benefits then they will be on board with it.
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November 19, 2018, 12:01:35 PM
 #78

young people have the opportunity to learn many things including bitcoin, but is it possible that bitcoin can still survive. so that young people can still feel from crypto currencies including bitcoin?
I think it might happen. by looking at the future, this technology has a big chance to take part in the world of transactions. right now there may be a lot of people frustrated, but calm down, and start running again

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November 19, 2018, 12:17:42 PM
 #79

Before we even think about Bitcoin being applied on all kinds of services we must think of first on how we will educate the young generation on how cryptocurrency in general works in the world. Because as what I see so far we only have select optional classes for cryptocurrencies and blockchain and the only ones who will learn are the ones who will enroll to the class, if we want to have a smoother adaptation to Bitcoin as a currency we must know that our generation is capable of doing that in the future.
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November 19, 2018, 12:22:57 PM
 #80

this will happen. the younger generation will encourage the development of crypto far more developed every year and the younger generation will continue to develop this currency because this currency is very useful for our future. we cannot rely on the older generation because they do not always use technology in their lives. and the technological development and progress of each country depends on the younger generation.
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