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Author Topic: On Bitcoin and old-timers  (Read 617 times)
EdenHazard
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August 08, 2019, 07:14:42 AM
 #41

The old-timer especially for those who have long known about investment and trading will choose an investment place or trading place based on the investment place itself. They will consider the place investment is really deserve to store their money either for long term and short term investment or the place will not last long and included as a bubble investment place.

I guess there are many old-timer who likes to choose to store their money for long term investment, which is mean they will consider first how its place investment will be used by new people and can be accepted easily by them. So, it is enough to see when he should buy and when he should sell their assets because these strategies is really easy to understand. So, to know bitcoin first is really needed for them and that's our job to give an education about it.

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deisik (OP)
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August 08, 2019, 09:20:37 AM
 #42

Many financial institutions did everything possible to get people on cashless policy until they got tired because they kept meeting less interest of people, and those who picked interest found it easy to adapt to the system. To me, there is nothing too difficult to adapt to in the system of crypto, it is just lack of interest that I see

When money talks, bullshit walks

People are not interested in cashless payments because there is nothing in it for them, although this is not quite true. Many banks are offering nice cashbacks if people are paying with their cards. That's one of the reasons Bitcoin and other cryptocurrencies have become so popular as they allow an easy and free access to trading places for all (whether people can actually earn something there is another question)

On the other hand, it is not so much lack of interest itself as psychological inertia, i.e. "the reluctance of doing something in a different way as you have an indisposition to change" (as per Wikipedia). In simple terms, people don't like change and don't like to change. But once forced to some activity, they may find it quite interesting and appealing afterwards

barbara44
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August 09, 2019, 01:46:07 PM
 #43

I think it is a generational thing, remember people who were born in 70's can use computers very well and have no problem adopting to the change in technology, which means there are only people from 60's who are having a bit of problem and even not all of them have issues with it, just a bigger portion compared to other generations, when all others die eventually we will be left with people who can understand computers and mobile phones easily.

It means with time bitcoin will be like that too, it will be general knowledge and everyone will know about it and everyone will be capable of using it, adoption is important to allow all people from 1990 and later born to use but all the other previous generations will slowly die and that would make the adoption go up as well anyway.
darklus123
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August 09, 2019, 02:18:31 PM
 #44

~

I completely get the point of you doesn't need to have a certificate in order to do such thing like the driver's license. The idea is just you have to understand how to use it because obviously there is no point for someone to understand it's "Complexity" unless you wanted to create your own cryptocurrency.

Knowing how to use it (is just like knowing how to drive a car. Even if you don't have a license) While understanding in dept and being more technical is like (understanding how the car works).

Lastly, you understanding how the bitcoin market works is also just like understanding the traffic rules when you drive a car.

To make things short. If you just want to experience using bitcoin and how it can benefits you the only thing you will consider is understanding how you use it. But if you want to invest on it and make some profits then you are required to understand how the market works. Lastly, when you wanted to be more technical then study how it was built.
deisik (OP)
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August 09, 2019, 02:49:12 PM
 #45

It means with time bitcoin will be like that too, it will be general knowledge and everyone will know about it and everyone will be capable of using it, adoption is important to allow all people from 1990 and later born to use but all the other previous generations will slowly die and that would make the adoption go up as well anyway

We can hope for that, though I don't quite like the way you put it. If we are to rephrase your thought and draw a few disturbing conclusions from it, it would sound like we should get rid of older generations (maybe, even help them die faster) to accelerate Bitcoin adoption. And while busy at this task, why not also get rid of those who are slow at understanding or not capable of using Bitcoin at all?

But maybe that's not the right way to do it, after all

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