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Author Topic: How to make old people understand Bitcoin?  (Read 4868 times)
Asuspawer09
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September 16, 2020, 07:20:13 PM
 #221

If they'll need it, I can make you sure that they will understand it very quickly.

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

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

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

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

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

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

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solomine
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September 18, 2020, 10:49:05 AM
 #222

Show them a way to invest, very similar to traditional investment instruments. For example, as there are deposits in banking, there are also structured deposits in bitcoin. Thus, it will be easier for them to understand and, perhaps, there will be a desire to invest in bitcoin. Gekkoin is a good example of such a company.
AicecreaME
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September 18, 2020, 11:15:44 AM
 #223

It is a challenging task to teach old people about bitcoin because this is completely new thing for them and they have never heard about these all. But we should make more efforts to make them understand this system

I definitely agree with you with this.

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

Though they are not completely hopeless, just like what you have said, we need extra efforts to teach them about stuff like this.
nrgmanuk
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September 18, 2020, 08:01:48 PM
 #224

Show them a way to invest, very similar to traditional investment instruments. For example, as there are deposits in banking, there are also structured deposits in bitcoin. Thus, it will be easier for them to understand and, perhaps, there will be a desire to invest in bitcoin. Gekkoin is a good example of such a company.
There are different and elderly people, some old people cannot understand simple new technologies, although there is no point in talking about bitcoin to such a category of people at all  Grin but I like the idea with an example of investment and deposit,  to explain  to them using the example of what they are familiar with.
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September 18, 2020, 09:36:22 PM
Last edit: September 18, 2020, 10:10:12 PM by Litzki1990
 #225

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

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

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noorammak
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September 19, 2020, 03:26:00 AM
 #226

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

Cryptoreflector_666
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September 19, 2020, 07:49:44 AM
 #227

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

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

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September 19, 2020, 10:55:29 PM
 #228

I think to be able to let old people to duly and fully understand Bitcoin is you must adjust the way you introduce Bitcoin alone. Adjust yout approach and language into the simplest manner possible so that they could easily understand what you are trying to state so that you would be able to get their interest and attention on the topic. Just start up from the basic and as much as possible simplify complex and technical context regarding Bitcoin so that they could easily adapt on the flow of knowledge you are trying to get into them. Just put up the basic information which are essential on letting them know the importance of Bitcoin existence and of course usage and other related stuffs possible to make them fully understand Bitcoin. It won't be too complex dealing with old people to learn Bitcoin as long as you would take it easy on letting them understand it at the proper and simplest manner as possible.
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September 20, 2020, 03:50:02 AM
 #229

understanding bitcoin in old age is not easy,
Even though they want to get it I'm sure it won't be easy.
very few are familiar with bitcoin in old age around the world.
First they need to get interested because we know how Old people think and their capacity together with their patience.
They become none patience in things pushes to them that they don't like.

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

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

smyslov
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September 20, 2020, 05:04:34 AM
 #230

Old people only wants to hear from respected members of their community who is also their age if you can get one respected and old members of the community to get involve in Bitcoin you will have an ambassador for the older or senior people of your community, they seldom listen to young people but they are open to new ideas it's just they want one of the to explain to them.
GeorgeJohn
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September 20, 2020, 06:32:50 AM
 #231

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



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Alucard1
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September 20, 2020, 06:52:06 AM
 #232

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

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September 20, 2020, 07:04:22 AM
 #233

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

It depends how old a person is. If he/she is 60-70+ years of age then it is useless to tell the about bitcoin. It will not be any use for them to use know about this digital currency. For the person who are 50+ years of age and under 60, you should first give them overview about the digital currency and if they show interest, only then explain the whole system to them.
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September 20, 2020, 07:53:16 AM
 #234

IMO don't get them into this. This stuff is complicated for them and they might lose what they've saved up for the end of days.
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September 20, 2020, 08:00:20 AM
 #235

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

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

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September 20, 2020, 09:05:59 AM
 #236

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

I do not think that bitcoin is such a complex thing that old people and people of old foundations cannot do. This is essentially the same operation as the transfer from card to card in your online banking. Now Internet banking is used by the absolute majority of the world's population and this does not cause any more surprises. The same will happen with bitcoin. It's all a matter of practice.
Yes, it's like transferring money using the app but the rate of bitcoin is always on the move. If one day the old people open up their accounts and see that today's amount is bigger than yesterday they will be happy but if their bitcoin, for example, drops by 20%, they will probably cry. Introducing bitcoin to them can be easy, but making them accept it and understand that the rate can change is difficult. They will just want their money in the right place.

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September 20, 2020, 09:16:03 AM
 #237

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

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

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

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September 20, 2020, 09:44:20 AM
 #238

Make old people understand Bitcoin? No way that's gonna happen. They'd rather take their cheque to the bank physically than have it cashed online in to their account. Bitcoin is the next level. Boomers will probably loose their wallet anyway since if you loose your wallet keys, you don't have access to it anymore.
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September 20, 2020, 08:07:38 PM
 #239

Older people usually have very little knowledge about online. The biggest problem here is that it is not easy to explain to them about an online subject. But the initiative you have taken is a very big and noble work. There is a lot of leisure time left in the work of the older so if you can help them you will benefit them and yourself a lot. The initiative is not bad though you will have to work hard.
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September 21, 2020, 12:53:56 PM
 #240

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