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Author Topic: How can old people use bitcoin?  (Read 658 times)
armanda90
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March 08, 2023, 01:50:12 AM
 #41

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.

 
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March 08, 2023, 05:39:37 AM
 #42

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.

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March 08, 2023, 06:22:27 AM
 #43

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

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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.
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.

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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.
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.

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March 08, 2023, 09:28:26 AM
 #44

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.

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March 08, 2023, 09:52:52 AM
 #45

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.

 
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akuntester1
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March 08, 2023, 11:11:06 AM
 #46

If adoption comes around, will their be higher consumer congenial systems for old people to utilize crypto?

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.


Old human beings are the first to emerge as inclined to scams if adoptions comes around,

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.


I don't be conscious of how this is going to work out for old human beings

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.
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March 08, 2023, 12:04:39 PM
 #47

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.

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.
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March 08, 2023, 01:35:29 PM
 #48



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.

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.

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.

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March 08, 2023, 01:45:04 PM
 #49

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.

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.

 
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March 08, 2023, 02:06:31 PM
 #50

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.

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March 08, 2023, 02:53:10 PM
 #51

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.

 
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March 08, 2023, 04:02:55 PM
 #52



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.

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.


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.

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March 08, 2023, 04:34:42 PM
Merited by The Sceptical Chymist (5)
 #53

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

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.
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.

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.
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.

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March 08, 2023, 08:22:30 PM
 #54

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 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.
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March 08, 2023, 08:47:04 PM
 #55

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.
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March 08, 2023, 09:58:07 PM
 #56

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.

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March 09, 2023, 03:28:29 PM
 #57

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

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.

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March 09, 2023, 06:19:03 PM
 #58

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.
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.
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March 10, 2023, 02:37:54 PM
 #59

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.
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.

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March 10, 2023, 03:34:27 PM
 #60

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.

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.
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