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Author Topic: Is ageing and old people part of bitcoin?  (Read 1143 times)
Godlovesyou (OP)
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March 11, 2023, 07:01:48 PM
 #1

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
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March 11, 2023, 07:14:29 PM
 #2

Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.


Those parents that are educated knows that the world has changed and modernity has taken over the scheme of things, so their are percentage of old parents that are still going with the new technology. At least computers have been around for a while and the internet likewise is not new. The past experiences should not discourage people to run away from the internet rather sharing experience will make the children wiser.

Do you think our ageing parents are into crypto investment or trading?


Before bitcoin and cryptocurrency eleven years ago, there have been other types of trading like forex trading, stock and shares etc so cryptocurrency is just a new comer. Wiser parents eleven years ago are part of early adopters I should think so

If they're probably into crypto why are some of them advising their children to diseased from internet?


Intelligent parents can advise their children that are not of age to stay away from pornography on internet but not against financial independence on the internet.
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March 11, 2023, 07:22:39 PM
 #3

Before the evolution of bitcoin they were other investments happening on the internet but frankly speaking they were nothing compared to bitcoin because some of them were like a quick rich schemes that ended up scamming people. So I don’t see it strange seeing older generations having the same feelings towards bitcoin, we only need to tell them why bitcoin is different.

As for learned parents I think they are best suited for bitcoin because of their patience in saving and this is key to holding for very long term

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March 11, 2023, 08:15:58 PM
 #4

First bitcoin is open for everyone to acquire and upon that if you acquired a bitcoin without you telling anyone nobody who willhave the idea you are holding bitcoin, so tell me how would your parents know you have bitcoin without you telling them you've purchase some fractions of bitcoin. Age 80 to 90 are too old for them to still have the activeness to operate around the internet or thinking of investing into cryptocurrency all less they are investing for their children. Though they read news online or being active, any one of such age going into bitcoin are just slowly looking for their death at hand because I don't think they might be able to control their blood pressure (BP) due to the rise and fall bitcoin.
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March 11, 2023, 08:44:48 PM
 #5

Bitcoin doesn't have age restrictions and at that, and anyone can use Bitcoin because Bitcoin is an alternative currency and a trans borders payment system with no third-party involvement so anyone who has adequate knowledge can use Bitcoin securely.

-But the only challenge old people may face is the timing because a young person can afford to wait a couple of years for maximum profits, but old people need results asap and won't have the time to wait so they rather deal with businesses thahaveas immediately results such as buying and selling and not long term investment. E
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March 11, 2023, 08:59:14 PM
 #6

Bitcoin doesn't have age restrictions and at that, and anyone can use Bitcoin because Bitcoin is an alternative currency and a trans borders payment system with no third-party involvement so anyone who has adequate knowledge can use Bitcoin securely.

-But the only challenge old people may face is the timing because a young person can afford to wait a couple of years for maximum profits, but old people need results asap and won't have the time to wait so they rather deal with businesses thahaveas immediately results such as buying and selling and not long term investment. E
Absolutely right on which there are no age restriction for this, as long you are really that been aware on what are the things around you and able to know the basic concept or definition then
anyone could freely make out engagement and able to learn it out.Bitcoin doesnt really mind nor have those qualifications on whose gonna able to deal with.Its a digital currency on which
everyone could freely access and do own as long you are already aware on what it is.This is why its always been good the early the better on where
young minds should really be getting involved with or really be that aware on its existence.
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March 11, 2023, 11:18:08 PM
 #7

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion

There are aged people who are in Bitcoin. I know one of the early members of this forum who is around 70 of age and is invested in cryptocurrency and Bitcoin since 2015.  There are also lots of mid adult to seniors who are investing in Bitcoin because they are the one who have established their livelihood and more likely to have extra money to spend.  Not because most of the people in this forum are young adult, it means majority of Bitcoin investors and Bitcoin enthusiast are within their age range.  Remember those who have the capability to invest are those that have stable jobs and enough savings and it is hard to be seen in teens and young adults aging from 16- 21 yrs. old.

Btw, the internet had been around for too long now and most seniors at the range stated by @OP already knows how to access it.

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March 11, 2023, 11:44:36 PM
 #8

Investing in bitcoin is of course for everyone and is not measured by age, and of course when it comes to investing in bitcoin, of course there are those who like it and some who don't like it.
Even many young people don't like bitcoin, because they think that investing in bitcoin is very high risk.
so do parents and usually parents prefer to invest in gold.
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March 12, 2023, 07:15:06 PM
 #9

There is no age limit for learning bitcoin, anyone, regardless of their age, is allowed to learn about bitcoin. But around me, not all parents understand this digitalization era, yes, they don't really understand, so even explaining it requires hard work. And yes, many parents now tend to limit their children to the internet more, that's because there really is a bad influence that I don't deny that it does exist, depending on how we use it. But usually parents have a high fear.
I am often asked by older people about cryptocurrency investment and it is very difficult to explain, because most of them prioritize physical forms, such as gold for example, so it is difficult to explain because my thoughts differ from theirs.

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March 12, 2023, 07:48:55 PM
 #10

While most old people can't — if they can grasp the concept, then why not? Bitcoin is for anyone that understands it and ends up being bullish on it — regardless of age.

P.S. You shouldn't be trying to persuade your grandparents to buy bitcoin/crypto.

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March 12, 2023, 08:51:51 PM
 #11

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
There is no age requirement when it comes to crypto I know some people who are on those year that you've mention, and they are earning pretty well in crypto.
If you are a parent you would also know why most of us are advising our kids to stay away as much as they could to the internet so that they could live a normal life.
We experience a lot of things before the internet we enjoyed our younger years playing and having physical activities not just playing games while sitting the whole day.
We want our kids to have physical activity so that they wouldn't get sick because of being couch potato.



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March 12, 2023, 09:08:30 PM
 #12

Bitcoin was created for all and shouldn't have any age limit because it is a currency. Both the young and old that are willing to embrace bitcoin adoption can do that. I believe that it is only when we die,that we can no longer learn. So I will say for the old people that loves learning and adapting to new innovations, they will happily accept bitcoin awareness.

It is just that so many old people are use to their arcade lifestyle, which is working very hard to earn a living,they buy whatever they need in fiat and receive salaries in fiat. This might make most of them adamant to embrace bitcoin.

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March 12, 2023, 09:32:50 PM
 #13

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?
Very few of them are and they are the ones who were ahead in time compared to their own generation, so naturally they are prone to adopt new things their fellows who belong to the same generation aren't. Of course, the regional factor also plays a big role, what means an elder from a country like UK, Germany or USA is much more likely to adopt bitcoin than an elder from third world countries, who have never had any contact with technology and modernity along their lives.

For your second question, the answer will depend on who you are talking about. The old people who are part of bitcoin aren't advising their children to stay away from internet. So there is no inconsistency on this behavior from them.

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March 12, 2023, 11:24:31 PM
 #14

They're like small kids trying to learn about technology but as kids, they've got no resources. While the aged people, they've got resources but lesser time. IMHO, nothing wrong with them putting themselves into bitcoin as there's no requirement for being aged or a young kid. But their resource like pensions should be spent wisely and they could still be reckless with spending their money which might result in the misallocation of their budget. I want them to understand bitcoin but if it's about their attitude towards investing, I think that there's gonna be a gap with that because you know that our young at heart folks might be intimidated by small volatility upon looking at their portfolio value.

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March 13, 2023, 03:55:35 AM
 #15

Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.


Those parents that are educated knows that the world has changed and modernity has taken over the scheme of things, so their are percentage of old parents that are still going with the new technology. At least computers have been around for a while and the internet likewise is not new. The past experiences should not discourage people to run away from the internet rather sharing experience will make the children wiser.

Do you think our ageing parents are into crypto investment or trading?


Before bitcoin and cryptocurrency eleven years ago, there have been other types of trading like forex trading, stock and shares etc so cryptocurrency is just a new comer. Wiser parents eleven years ago are part of early adopters I should think so

If they're probably into crypto why are some of them advising their children to diseased from internet?


Intelligent parents can advise their children that are not of age to stay away from pornography on internet but not against financial independence on the internet.
Absolutely right! Older generations are also aware that the world is changing although it isn't that much felt but after experiencing the pandemic and the sudden change on the norm, it all felt clearly that the changes is leaning towards modernity.

Regarding the crypto related aspect, I should say that it's relatively a challenge to teach older generations and convince them to adopt to it, but only if there is an easier way to explain things such as crypto to them, I'm pretty sure there's not much hassle trying to tell them.

Even if we say that they are aware, not interested, or even hard to keep up with the knowledge, as pace of the changes right now, we could certainly say that it would only took a little bit of time for them to learn if you slowly tell them the basics and the important parts.

Based on my experience, my Grandma, who's 74 years old right now is already aware of the cyber related stuffs like facebook and some offline gaming apps. She even has her own ATM card that we personally made for her, but didn't even bother to use it not unless when she's in the mall. I'm also aware that not everyone is like that, but based on that alone there's a huge possibility that it may not be now but soon more and more old timers would learn the modernity.
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March 13, 2023, 04:38:15 AM
 #16

This is relative, some parents are not very old and have a good knowledge of the internet and Bitcoin, others may have become old and unable to deal with these new things.

There is a very important thing that must be paid attention to, the elderly always express doubts and fears about everything that is new, so you always find that when any new invention appears, they are very wary of it and warn their children against dealing with these new things.

So it is not always easy for old people to accept new things.

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March 13, 2023, 05:42:26 PM
 #17

The parents of 70 and 80 years do not believe that crypto is beneficial because they have no such experience and they believe that just government job is successful as it provides exact income. They work either as a labor or as a government employee they do not have done such activities like crypto trading hence they also Do not allow their children to involve in crypto as they thing there will be just loss.

Individuals of current age is involved in crypto trading and investment because they have taken profit from it and they think it as a source of income and wealth. There are large number of individuals who have no job in current age so in sort of job they find it and that's why it is more acceptable in world.

Crypto trading and investment just needs a little sum of cash and your active mind, it requires nothing more than this.



 

 

 

 

 

 


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March 13, 2023, 05:48:53 PM
 #18

My parents are not into Bitcoin at all, neither my uncles and aunts, they are fairly young adults, not even grandfathers or grandmothers.
So I would not expect anyone over 80 years old to be invested in Bitcoin or any other alt-coins, it is a matter of generational differences, those people already struggle sometimes when dealing with common technologies like internet and smartphones, which are used by everyone who has accept to them.

I am sure there must be some exceptions, but as a general rule, I do not see it happening.

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March 13, 2023, 07:26:32 PM
 #19

This is relative, some parents are not very old and have a good knowledge of the internet and Bitcoin, others may have become old and unable to deal with these new things.

There is a very important thing that must be paid attention to, the elderly always express doubts and fears about everything that is new, so you always find that when any new invention appears, they are very wary of it and warn their children against dealing with these new things.

So it is not always easy for old people to accept new things.
I think it's not about the age but it's about the education background of our parents. If they are well educated, they are mostly familiar with the new things including Bitcoin because they can also hang out online using their smartphones, pc and laptop. They will also read it in the news on the TV and news papers however if they are extremely aging then that can affect their ability of learning and using a Bitcoin because they can't see properly or unable to move properly. Let's not make them bother about these new things but we shall let them rest. They needed it the most.

Some parents are only over protected about their kids, that is the reason why they are afraid of something they are unfamiliar with but as long as we explain it to them carefully and show them proofs that it wasn't dangerous, we can convinced them to join us as long as they are still capable of doing it.
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March 13, 2023, 07:35:52 PM
 #20

My parents are not into Bitcoin at all, neither my uncles and aunts, they are fairly young adults, not even grandfathers or grandmothers.
So I would not expect anyone over 80 years old to be invested in Bitcoin or any other alt-coins, it is a matter of generational differences, those people already struggle sometimes when dealing with common technologies like internet and smartphones, which are used by everyone who has accept to them.

I am sure there must be some exceptions, but as a general rule, I do not see it happening.
This is case to case basis since there are elderly or who are old which are still having those kind of mind where they are really that open to ideas but most of the time it do really lost up our interest on opening up a topic

about crypto considering that this do really require up some technology knowledge or awareness and we do know that older people who are really that get used to those traditional things that they do know.

Its good if there are ones who could easily able to catch it up and eventually learn along the way but most of them wouldnt really be minding themselves on
learning because they arent really that interested or too much complicated for them to understand.

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March 13, 2023, 08:59:21 PM
 #21

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
it is unlikely for parents over 70 years to like Bitcoin and crypto, because I have tried it on my grandfather, and he said he was not interested in the internet world because he was lazy to study and wanted to just relax at home. see how warren buffet rejects bitcoin, from the site we can see that the old man has no more interest in things related to cryptocurrency.

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March 14, 2023, 01:06:51 AM
 #22

I tried telling many people 10 years ago about bitcoin, I found age had nothing to do with to being open to new ideas and still doesnt. Every now and then someone will say I wish I had of listened and brought 1k's worth, but thinking they are to late now.
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March 14, 2023, 01:54:54 AM
 #23

This is relative, some parents are not very old and have a good knowledge of the internet and Bitcoin, others may have become old and unable to deal with these new things.

There is a very important thing that must be paid attention to, the elderly always express doubts and fears about everything that is new, so you always find that when any new invention appears, they are very wary of it and warn their children against dealing with these new things.

So it is not always easy for old people to accept new things.
I think it's not about the age but it's about the education background of our parents. If they are well educated, they are mostly familiar with the new things including Bitcoin because they can also hang out online using their smartphones, pc and laptop.
I believe that yes it is education that gives big competence in this but I also believe that it is not only that but those parents that practical and knows about how to earn in any ways, because computer education nowadays can simply be attain using internet .
Quote
They will also read it in the news on the TV and news papers however if they are extremely aging then that can affect their ability of learning and using a Bitcoin because they can't see properly or unable to move properly. Let's not make them bother about these new things but we shall let them rest. They needed it the most.
but also correct that if they are too aged for this to understand then there is no way that they can accommodate the understanding and the risk.
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Some parents are only over protected about their kids, that is the reason why they are afraid of something they are unfamiliar with but as long as we explain it to them carefully and show them proofs that it wasn't dangerous, we can convinced them to join us as long as they are still capable of doing it.
if still a kid, but we are talking about mature people here mate as it is about investing and nothing more .

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March 14, 2023, 02:10:42 AM
 #24

I guess there are a significant number of people who are in their 70s who are into Bitcoin. I cannot be sure but even here on the forum I suspect there are a few who are already past the age of 70. 80s and 90s are already old. Although it is still possible for these old men to discover new things including Bitcoin, if they are not really familiar with what it takes to properly understand and secure their money like not clicking on anything, downloading the official versions, etc, it is better to just avoid it. They better just enjoy whatever it is that they love.
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March 14, 2023, 02:54:11 AM
 #25

Bitcoin doesn't have age restrictions and at that, and anyone can use Bitcoin because Bitcoin is an alternative currency and a trans borders payment system with no third-party involvement so anyone who has adequate knowledge can use Bitcoin securely.

-But the only challenge old people may face is the timing because a young person can afford to wait a couple of years for maximum profits, but old people need results asap and won't have the time to wait so they rather deal with businesses thahaveas immediately results such as buying and selling and not long term investment. E

Time is not a challenge for the elderly because as you said: bitcoin is also a currency, a payment method that does not require 3rd party intervention. Older people who don't want to invest can also use bitcoin for other uses like payment, asset storage, etc. The only challenge for most elderly is that they need to be tech-savvy, they need to know how to use a smartphone and a computer to be able to use bitcoin. Bitcoin is very versatile, when it comes to bitcoin, it is not only an investment, but it is also a currency, an extremely convenient means of payment.

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March 14, 2023, 03:03:18 AM
 #26

I tried luring my mother couple years ago but since she is not a Techy person then she denied learning but not until last 2021 when she see it spiking so high that told me to invest a decent amount in her name and yes , till now she kept holding lol.

it is not about the age and not about the capacity to learn but of us how to let them trust the crypto as they wanted an assurance in every cent they are going to release.

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March 14, 2023, 03:57:05 AM
 #27

Before the evolution of bitcoin they were other investments happening on the internet but frankly speaking they were nothing compared to bitcoin because some of them were like a quick rich schemes that ended up scamming people. So I don’t see it strange seeing older generations having the same feelings towards bitcoin, we only need to tell them why bitcoin is different.

As for learned parents I think they are best suited for bitcoin because of their patience in saving and this is key to holding for very long term

This is your own false claim, not that of older generations like our parents. Before bitcoin, we had stocks, and forex trading, and both still exist today. If talking about scams crypto market has more scams than the other two, and bitcoin is considered a get rich quick compared to the other two because of their volatility. You and I are investing in bitcoin instead of stocks and forex because bitcoin will make us rich faster. I am also a bitcoin investor, but I think it is unnecessary to speak ill of others to celebrate the greatness of bitcoin. All have advantages and disadvantages.

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March 14, 2023, 05:49:25 AM
 #28

I think on this forum alone there is a member who is above 50 years old. Like everything Learning don't depends on age old people can learn bitcoin. and like other said there is Commodity stock and forex trade back then till this date. Our parent or maybe old people who play investment platform might little learn and they maybe will understand

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March 14, 2023, 06:43:10 AM
 #29

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.
it is just the age that you are telling but their capacity?

we can see people now at those age making videos  in youtube and blogging so how come that they cannot partake in investing in bitcoin at that ages?
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Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
mine does not because She has her own business to face and maybe no time to invest in bitcoin but she shows interest mostly when we are talking with my brother.

and also last december she told us that she might  invest half of her asset in crypto sooner.









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March 14, 2023, 07:05:09 AM
 #30

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.
There are no conditions that must be met if they intend to study? Age as you said is no longer their world to learn bitcoin, just imagine how we will explain something about bitcoin and where to start, while their eyesight is a little blurry, their forgetful memory and readiness to take risks is also quite worrying.

Someone over the age of 70, 80 and 90 will be very susceptible to pressure and if something happens, for example bitcoin is hit hard at a low price, then blood pressure will bring them to a heart attack stage. The question is who will be responsible?

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?
Basically there is no age limit for investing, because bitcoin was not created for just a handful of people, but the age factor makes it difficult for them to accept the concept and workings of bitcoin and crypto in general. There are many limitations that make it difficult for them to adapt, one of which is technological prowess that they do not master, but of the many parents there are also those who are involved in the crypto space, both using investments and as developers. But I have to agree, that their representation is very little involved.

And it's not advisable for the OP to influence his father and grandfather to invest in bitcoin, because there will be a lot of messes for you to clean up later.

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March 14, 2023, 07:20:50 AM
 #31

sadly , I have no parents or any old in the family that I can ask or try to endorse bitcoin as investments , though there are distant relatives yet we are not that close to let them see these things.

but i believe that Old people still has capacity to invest and learn and be part of revolutionary crypto world now.









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March 14, 2023, 07:57:09 AM
 #32

...
but i believe that Old people still has capacity to invest and learn and be part of revolutionary crypto world now.

Age is not a barrier for the elderly to access bitcoin, but I think it's their level of education and acquisition. There are some people who are well educated, it's not too hard to get access to something new like bitcoin, but there are also many old people who are not as well educated as we are now because, in the past, not everyone was fully educated.

My parents are not too old, but because of their economic conditions, they have only been familiar with the internet and smartphones in the last one or two years. They can't even use online banking, it's almost impossible to educate them about bitcoin.



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March 14, 2023, 08:22:11 AM
 #33

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
Our parents are not involved in Bitcoin. They don't know and understand Bitcoin. We earn money from here they find this earnings very amazing. Still there are many elderly parents who may know about cryptocurrencies because they are educated. But 80 to 90% elderly parents don't know about cryptocurrency. But when we are old our sons and daughters will say that my parents know about Bitcoin. Here we cannot say that our old parents know about Bitcoin.
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March 14, 2023, 09:25:04 AM
 #34

There is a big difference between parents who are 80 years older and 40 years. It is normal that people who are older will not know about Bitcoin. Bitcoin was founded in 2008 but at that time old people were almost retired. But in this generation parents will be able to have a good idea about it. Because they are familiar about Bitcoin and everyday they hear about it. As parents whichever generation comes from the present time they will teach their children about bitcoin.
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March 14, 2023, 10:49:35 AM
 #35

whatever business or investment we do will definitely be supported by our parents as long as the business or investment is profitable and does not violate the rules in your country. Currently the development of technology is very rapid, meaning that today's technology is different from the technology when your parents were teenagers. all you need to do is explain how this crypto business or investment works.

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March 14, 2023, 12:28:22 PM
 #36

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
It's really hard to say if our parents are into bitcoin or crypto in general. I would agree if they are into stocks because I know my parents are. I introduced them to crypto and they say no because you know, they can't take the volatility and how the price swings.

But there could be elderly who wanted to explore more and try their hands in this so called crypto market and could have been enjoying themselves. And we all know that they have the mentally fortitude already because of their experience thru age.

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March 14, 2023, 01:21:09 PM
 #37

Bitcoin is the same as assets or money, all humans who already understand money can use bitcoin, and the biggest surprise occurs again today because the price has crossed a psychological limit of $ 25k and has now reached $ 26500, up more than 18% in 24 hours when I write This post, I'm sure the price will continue to skyrocket and predict that this year will reach New ATH can happen again.
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March 14, 2023, 01:52:13 PM
 #38

Bitcoin is the same as assets or money, all humans who already understand money can use bitcoin, and the biggest surprise occurs again today because the price has crossed a psychological limit of $ 25k and has now reached $ 26500, up more than 18% in 24 hours when I write This post, I'm sure the price will continue to skyrocket and predict that this year will reach New ATH can happen again.

Bitcoin is also a currency, an asset class, but its use is a bit more complicated than using fiat or gold. Because bitcoin is a digital currency, those who want to use bitcoin need to have a basic knowledge of the technology, which is quite difficult for many elderly. Among the elderly, not everyone can use the internet, so it is difficult to recommend bitcoin to them. So by introducing them to bitcoin, we're really giving them a hard time.

February CPI was 6%, as expected and bitcoin had a massive rally to $26.5k, but for bitcoin to hit new ATH this year, we need more big news like that. And I don't think it's going to happen.

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March 14, 2023, 04:34:52 PM
 #39

I'm 75 years old. I bought into Bitcoin 10 years ago when it was $68 per coin because I saw its world-changing potential. I wasn't trying to get rich. I was participating in a revolution.

Now I'm living happily ever after. When I first became a Bitcoin millionaire 6 years ago, I replaced my old rotten teeth with top-of-the-line zirconia implants and bought 3 properties in Mexico. When my remaining bitcoins became worth more than $10m I bought 400 acres in prime cottage country with my own private 25 acre lake in the middle. Last year I bought a $2m triplex house in downtown Toronto. After a life of being single, I got married at the age of 71 to a woman 28 years younger than me. I didn't tell her about my bitcoins until after we were already together. Turns out she knew about Bitcoin before I did and always regretted putting her money into aquaponics instead of Bitcoin.

If anything, older people have an advantage when it comes to Bitcoin. They are more likely to have money to invest and definitely have more patience to hodl. They're probably also smarter. Remember it was boomers who gave us the internet  and cryptography. Don't sell them short.
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March 14, 2023, 06:57:38 PM
 #40

It's really hard to say if our parents are into bitcoin or crypto in general. I would agree if they are into stocks because I know my parents are. I introduced them to crypto and they say no because you know, they can't take the volatility and how the price swings.

But there could be elderly who wanted to explore more and try their hands in this so called crypto market and could have been enjoying themselves. And we all know that they have the mentally fortitude already because of their experience thru age.
Old age is not necessarily the reason that they will be able to endure bitcoins with patience. They may be quite old, but they don't understand anything about bitcoin. If they have an open mind and can accept what bitcoin says, then they will love bitcoin and maybe start investing in their retirement fund.
Parental involvement in bitcoin investment will give them a new experience in investing. this is a very extraordinary thing for them.
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March 14, 2023, 10:06:12 PM
 #41

I don't think people 80 to 90 years old have the capacity for these kind of things. They're too old for that. A lot of parents that are between 50-70 are into crypto. Parents that are conservative are the ones that have problem with crypto. They are not open minded because they've refused to understand how crypto works, its easier for them to just dismiss it as a scam. They understand foreign exchange and stock exchange and the prefer what they understand.
Exposed and open minded parents know that there are many opportunities on the internet so even if they're not really comfortable with it, they don't stop their children from using it. It is mostly the conservative parents that have a problem with their children using the internet.

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March 14, 2023, 10:36:24 PM
 #42

Bitcoin investment does not have age difference or age limitations during the time of investment, the most important is for them to understand  the real concepts or rudiments of bitcoin  before investing, actually bitcoin investment is suit someone is retired from government job so that it will be concentrated than young adult who has a divers functions to ascertain or attend within some periods of time. So theirs nothing bad to invest in bitcoin  when you're aged. But a situation whereby I will not compromise to' is the situation whereby the aged person doesn't know anything concerning bitcoin before,  and when has been aged its when it will come to bitcoin investment, so in such manner I will not encourage such, because they will find it very difficult to learn bitcoin.

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March 15, 2023, 03:55:51 AM
 #43

First bitcoin is open for everyone to acquire and upon that if you acquired a bitcoin without you telling anyone nobody who willhave the idea you are holding bitcoin, so tell me how would your parents know you have bitcoin without you telling them you've purchase some fractions of bitcoin. Age 80 to 90 are too old for them to still have the activeness to operate around the internet or thinking of investing into cryptocurrency all less they are investing for their children. Though they read news online or being active, any one of such age going into bitcoin are just slowly looking for their death at hand because I don't think they might be able to control their blood pressure (BP) due to the rise and fall bitcoin.

clueless.

lots of 65 ,75,85 year old investors.

Long years of practice not day trading just buy and hold.

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March 15, 2023, 12:09:36 PM
 #44

People tend to deny what they don't understand. It is not surprising that many older people, having received a lot of negative news from the media, namely from television, will have a negative attitude towards the Internet and directly to bitcoin and everything related to it.
But to say that all older people are not ready for knowledge is very wrong. Here on the forum, I know several people who are quite advanced in age, and their knowledge can compete with the knowledge of young people.
Therefore, I think we cannot say that bitcoin has some kind of age limit. It is available at any age, moreover, older people can insure their money by investing in it, which in the future can help them provide for their old age.

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March 15, 2023, 02:00:08 PM
 #45

In my opinion, only a few old people invest in bitcoin, of course old people understand that investing in bitcoin is very risky, moreover, old people find it difficult to hold back their emotions when they see a significant drop in prices, besides that they think that getting what has been achieved is of course safer than having to invest in bitcoin.
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March 15, 2023, 02:21:03 PM
 #46

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?
Let's see brilliant opinion
My parents are 68, 63 years old, they do not participate because they do not know about bitcoin, their interest is to reunite with their children and grandchildren when traveling, family gatherings or farms.  diseases from the internet are not bitcoin but from hundreds of negative media that make them feel pressured.  Coming back to the topic, I don't think I will convince them to know and understand bitcoin but my wife and children will later know well about bitcoin.  If you call aging as a barrier for the elderly to access bitcoin, I think not.  Depending on the awareness and technological exposure of each country, the elderly are still proficient in using and understanding bitcoin.  just like some young people still don't know about bitcoin.

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March 15, 2023, 02:24:38 PM
 #47

I don't think people 80 to 90 years old have the capacity for these kind of things. They're too old for that. A lot of parents that are between 50-70 are into crypto. Parents that are conservative are the ones that have problem with crypto. They are not open minded because they've refused to understand how crypto works, its easier for them to just dismiss it as a scam. They understand foreign exchange and stock exchange and the prefer what they understand.
Exposed and open minded parents know that there are many opportunities on the internet so even if they're not really comfortable with it, they don't stop their children from using it. It is mostly the conservative parents that have a problem with their children using the internet.

If your parents are conservative, don't blame them because to be fair, in the crypto market, scam projects are ten thousand times more than real projects. We are long time market participants and also know that the market is rife with scams, so there is nothing wrong with them feeling insecure.

The elderly have worked hard all their lives to take care of their children and have only a small amount of money to retire, so it is understandable that they are afraid of losing money. My parents are also conservative and don't want me to get into venture capital, but they just want the best for me and have no intention of getting in the way of my future.

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March 15, 2023, 08:56:08 PM
 #48

The advantage of bitcoin is that it can be owned by people of any age - regardless of age or other factors. Yes, quite a few people are still conservative, but time forces such people to change. The convenience of mutual settlements with cryptocurrencies is becoming more and more obvious.
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March 15, 2023, 09:09:07 PM
 #49

The advantage of bitcoin is that it can be owned by people of any age - regardless of age or other factors. Yes, quite a few people are still conservative, but time forces such people to change. The convenience of mutual settlements with cryptocurrencies is becoming more and more obvious.
Just let them be in speaking about recognition and consideration.Yes, it would really be not simple for them to adopt on whats the current trend or the new innovation that has been created when it comes to finance

sector which we do know that it could bring out some benefits that no one ever on this world could ever give.Although it might impose up some risks since assurance couldnt really be given on this one.

Its true that there's no age restriction on the ones who could really make out engagement on this one, as long you do know the basic principles or on how it does works then that what matter the most.
It is really just people are always that skeptical.

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March 15, 2023, 09:46:05 PM
 #50

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.
Basically, Bitcoin is for everyone, there is no certain age limit. However, children should only be introduced about general matters because they are not yet able to think like adults. While for old parents, nothing wrong to learn Bitcoin as long as it is their own will and they have the ability to do it. At least, they are familiar with the internet and they have an opened minded. Not all old parents hate something like Bitcoin, some of them also supported a new innovation in investment. Those old parents who have an opened minded deserve to learn Bitcoin.


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March 16, 2023, 06:20:40 AM
 #51

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?
Simply put bitcoin can adapt to all ages without minimum and maximum restrictions, but our question is whether the parents you mean are knowledgeable about technology and how their previous work relationships are also decisive.

Those in their 70s and above will usually find it difficult to adapt to the crypto environment, besides they don't master technology and there are more concerns regarding the investment model in crypto with the investment patterns they did before, so it will be difficult to adapt by them. This trend makes it difficult for people over their 70s to accept adoption and adapt.

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March 16, 2023, 08:22:12 AM
 #52

The advantage of bitcoin is that it can be owned by people of any age - regardless of age or other factors. Yes, quite a few people are still conservative, but time forces such people to change. The convenience of mutual settlements with cryptocurrencies is becoming more and more obvious.

Only young people must change to catch up with life if they don't want to be left behind. As for those who are too old, they do not need to change, they have lived to the end of their lives without the existence of bitcoin and can also continue to live without it.

Everyone has opinions in life, don't say others are conservative when we're conservative. Once they don't like it, don't force them, if you speak ill of them when they don't change their opinion, then you are being conservative with your opinion. I also like older people to use bitcoin, but if it's too hard for them don't force them.

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March 16, 2023, 09:25:16 AM
 #53

Anyone can buy bitcoin, but the cons are that they will have a hard time doing it alone, meaning they need help from their grandchildren only if they are interested in the technology, as there are still a few people doing it, but it is also rare. For sure, most of those just want to experience it and are also giving it to their grandchildren as a gift. Though there are still a few old people who are opposed to it, and we should respect them, they are still a part of bitcoin. 
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March 16, 2023, 10:49:59 AM
 #54

Some parents like investing or crypto trading, but some don't. Those who like crypto try to keep up with the times when they want to try to understand and understand how. It's like a parent trying to use a smartphone which has become a necessity for almost everyone.

Perhaps if these parents could be wise in advising their children not to abuse the internet, they would not forbid their children from using the internet. And even they will use the internet and there is a possibility that they will also use crypto.

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March 16, 2023, 10:56:12 AM
 #55

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion

In my own opinion maybe let them rest and enjoy life without getting any stress, just support your senior parents so that they will live at peace without worrying on something especially on financial matters.

Even if they you teach them about this and on how to trade for sure they cannot focus on watching the market since their energy is low and might feel sleepy following the technical aspects on it.

Also let them enjoy their retirement money and don't try to risk it on dangerous matter since this might put them in danger knowing they are at risk on health matters.

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March 16, 2023, 10:21:46 PM
 #56

No matter their age, people are receptive to learning new things. In terms of bitcoin, there is no upper age limit. At their own risk, anyone can invest in bitcoin.

Having said that, before you could think of bringing any age parents into crypto, you have to first of all know their capacity of knowledge and exposure before you could support their move into bitcoin investment. because not all age parents can be patient, remindful of their private key, transact bitcoin successful and endure loses

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March 16, 2023, 10:59:18 PM
 #57

This is now the age of the computer, where parents are no longer discouraging their children about the internet; instead, they advise them to be more careful and learn from the experiences they themselves have encountered. I don't know the country where that is yet being done, but in my country, nothing like discouragement about internet.

Bitcoin doesn't have an age restriction, so long as one is able to make their own financial decisions. If older people think they can still afford to buy crypto, then that's welcome, but the question is: for whom are they investing? Well, it could be just that they want to be among the people who have had a taste of the blockchain technology.

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March 16, 2023, 11:44:25 PM
 #58

Most of the parents who had well known about finance and were into different kinds of investment prefer cryptocurrency. Even my mom preferred to invest into cryptocurrency, but by that time I was not that confident and ignored. This happened during the days after the 2017-18 bullish market. My mom preferred just based on the profit scale I briefed to her. She isn't much educated,but she understood well that nowhere it is possible to book profit as cryptocurrency.

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March 17, 2023, 04:14:42 AM
 #59

I don't think there is anything difficult with bitcoin, as long as people can use Android or PC then they can invest in bitcoin even though they are old, when I go to the stock exchange there are many old people sitting in wheelchairs and looking serious looking at the portfolio received, of course bitcoin it's easier and you don't need to come to any office and as long as there is an internet connection, everything becomes very easy.



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deathcode
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March 17, 2023, 06:21:20 PM
 #60

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin?
No one is restricting someone from learning about Bitcoin, no matter how old they are, if they still have good thinking skills and can still think openly and want to learn, of course there is no problem.
But unfortunately sometimes some people who have entered old age will experience a decline in their thinking and physical abilities.

Do you think our ageing parents are into crypto investment or trading?
Older people who have stepped on 70 years and over is not the time for them to always think about profit. they just enjoy the rest of their life relaxing because if they think too much about something it will not be good for their health.

If they're probably into crypto why are some of them advising their children to diseased from internet?
They advise their children that this is very reasonable because when we access the internet we are not only presented with goodness, there are also many negative things on the internet, right?
But there are also many parents or elderly people who support their children's activities on the internet if it's a positive thing and can help to get financial benefits.









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March 17, 2023, 08:23:16 PM
 #61

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
Bitcoin investment is encouraged for everyone to take part in it, excep children under the age of 12 or 18 according to the laws and regulations of that particular country.

Personally, I would not allow my parents who are above 80years to involve in Bitcoin. Bitcoin has some things that are technical and if given to aged people it will rather stress them rather than allow them enjoy their retirement.

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March 17, 2023, 09:53:04 PM
 #62


Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
No age restrictions have been imposed from holding/investing Bitcoin as everyone is very welcome in crypto. As long as that person can understand the risk and what they have done, there is no problem. Talking about oldies, might be hard for them to use gadgets and that was a problem for them which gives a reason why they decline this kind of opportunity which also I believe was a valid reason. Honestly, we can't urge anyone to be a part of crypto if that person is not capable enough.

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March 17, 2023, 10:11:33 PM
 #63


Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
No age restrictions have been imposed from holding/investing Bitcoin as everyone is very welcome in crypto. As long as that person can understand the risk and what they have done, there is no problem. Talking about oldies, might be hard for them to use gadgets and that was a problem for them which gives a reason why they decline this kind of opportunity which also I believe was a valid reason. Honestly, we can't urge anyone to be a part of crypto if that person is not capable enough.

Urging someone to use or invest in bitcoin is not a good way, because it is an option for everyone. Older people, of course, have to get clear knowledge about what bitcoin and crypto are, it's not easy to explain to parents who don't understand about investing in bitcoin. If we find parents who have an open mind they will be easier to direct and explain what crypto and bitcoin are. Regarding the use of gadgets, some parents are even proficient at using gadgets at this time.
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March 17, 2023, 10:23:58 PM
 #64

I don't think there is anything difficult with bitcoin, as long as people can use Android or PC then they can invest in bitcoin even though they are old, when I go to the stock exchange there are many old people sitting in wheelchairs and looking serious looking at the portfolio received, of course bitcoin it's easier and you don't need to come to any office and as long as there is an internet connection, everything becomes very easy.
Older people can still invest in Bitcoin as long as their eyes can see more clearly or before their eyes become myopic. Because investing in Bitcoin actually doesn't look at how old or younger someone is, but as long as someone is able to understand it and also live it well without complaining under any circumstances. Anyone can invest in Bitcoin and it is certain that he has enough knowledge and knows the level of risk before doing this.

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March 18, 2023, 10:34:07 AM
 #65

Old people of course have deep considerations in terms of finances, because the increasingly difficult economic conditions certainly make anyone wary of the type of investment that will be chosen, if parents are in a comfort zone then they will not invest in high-risk types, gold, land, or stocks are the type of investment that old people usually prefer.


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March 18, 2023, 01:27:55 PM
 #66


Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
No age restrictions have been imposed from holding/investing Bitcoin as everyone is very welcome in crypto. As long as that person can understand the risk and what they have done, there is no problem. Talking about oldies, might be hard for them to use gadgets and that was a problem for them which gives a reason why they decline this kind of opportunity which also I believe was a valid reason. Honestly, we can't urge anyone to be a part of crypto if that person is not capable enough.

Bitcoin can be held by anyone as long as they can understand the risks, especially now that more and more developers are making things easy, trust wallets give us very easy access and can be used by old people, but I suggest giving information to other children or families because when it dies and no one knows it will disappear.
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March 18, 2023, 04:48:37 PM
 #67

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
Your angle of this post I guess is coming from the view of the Africa parents of the given range and no offense here as am African too but I don't see this age factor to a barrier in well developed country of Western world for example let's say Switzerland or lugano to be precise, the adoption and use of bitcoin there is massive as you can actually buy yourself some cup of coffee through a bitcoin transaction and its widely use by all the different age group from the little children to adults, even the mayor of lugano uses bitcoin and one thing again is how the particular society see bitcoin if bitcoin is welcomed in any country I don't see age as a factor to old folks wanting to use bitcoin technology. I always transact bitcoin with my uncle of about the age of 76-78 and he is well equip on the knowledge of it, I was even surprise at first when we actually tried it out but  he was the one who actually told me I can send him cash as bitcoin.

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March 18, 2023, 05:56:11 PM
 #68

Old people of course have deep considerations in terms of finances, because the increasingly difficult economic conditions certainly make anyone wary of the type of investment that will be chosen, if parents are in a comfort zone then they will not invest in high-risk types, gold, land, or stocks are the type of investment that old people usually prefer.
I believe about some, but can't generalize about all of them. I mean, there are a lot of older people who could still consider a high risk asset like bitcoin if they were people who were used to the stock market or something.

In general, many parents may not consider assets with high volatility for their investment because they tend to expect low volatility. But again, it just depends on his experience and knowledge so far. To learn is also possible, but I don't expect them to learn much about bitcoin in their old age. I tend to wish they cared more about their health than bitcoin, but this is just my wish for my parents.

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March 18, 2023, 08:36:13 PM
 #69

Actually, if you look at it from another point of view, parents who really know that their current situation is quite different from before, they won't say things like this.
Indeed, in today's conditions the Internet is something that does have difficult conditions because apart from the positive things of course there are also negative things so banning is also not a good reason, it's just that when giving access we also have to provide more insight to children about the dangers of the Internet, that is is the job of the parents. The problem with banning it is because they themselves don't understand how to control themselves on the Internet so it's quite natural for them to ban it even though it can be said that it's not quite right in my opinion.

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March 18, 2023, 09:59:02 PM
 #70

To a large extent, I still support the aged to use Bitcoin as an alternative but not as an investment because old people don have the time to wait, and we all know how Bitcoin investment is for the long term, so obviously old people prefer businesses that will yield profits immediately since their time is limited such investment like properties and restaurants that deal daily sale but not some things as volatile as bitcoin who doesn't have a physical representation.

-So I am against the ops from persuading his grand pa to buy Bitcoin,  Bitcoin is a knowledge-based investment and old people may not have that motivation to wait.
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March 19, 2023, 09:03:39 PM
 #71

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?
I do not think so, not as a general population. Of course there  could be some old people who joined, I know 70+ year old people who have tiny bit of bitcoin "just in case", not big amounts but they already saved a lot until that age so putting like 5k is nothing to that, so I understand the logic.

But that is rare and we do not see too many 70+ year olds do something like that. I believe that we will probably end up seeing people join at earlier age, and in 20-30 year time we will see plenty more 70+ year old people who will have bitcoin because todays 40-50 year olds will become 70 year old, and they will participate more and in 50 years there will be tens of millions of 70+ year olds with bitcoin. But for now, they are not joining.
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March 19, 2023, 09:19:52 PM
 #72

Example: So what if you are 50 years old and you live in El Salvador do you have to learn about BITCOIN (of course the answer is that you are obliged to learn about how to use Bitcoin because btc has been legally recognized by the state as a currency that you can  use in buying anything)

so in this context I believe people aged 40-60 will continue to study bitcoin either in investing or knowing it in the realm of a future asset that is good enough to own.

in my country even I see people who are old want to learn about bitcoin and they are also interested in becoming bitcoin as a long term investment.

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March 20, 2023, 05:46:09 PM
 #73

Old people of course have deep considerations in terms of finances, because the increasingly difficult economic conditions certainly make anyone wary of the type of investment that will be chosen, if parents are in a comfort zone then they will not invest in high-risk types, gold, land, or stocks are the type of investment that old people usually prefer.
Old people usually lack knowledge of the latest technologies and trends when it comes to investments, so they usually prefer the traditional systems that are old but trusted like gold, stocks, real estate, or anything that has been available for centuries. And they are not basically wrong if they have a mindset like that because they don't easily trust anything.

And if you evaluate properly, old people usually don't fail with their investments because they do a lot of research and analysis before they put their hard-earned money into something, unlike today's generations who don't care much.

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March 20, 2023, 08:11:00 PM
 #74

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s.
These are part of the reasons why you still hear that general bitcoin adoption and use will take an even more longer time than it to be accepted. Old people in their old age may hear about bitcoins, even accept the idea and concept behind it but will not adopt it for use because most old people in the age range that you have mentioned have little concern for money, they will also have little concern for bitcoins. Before bitcoin will be generally accepted for use, some of us may get really old first, and because we already know about bitcoins from our young age, we will then become the old people who are part of bitcoin.

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March 20, 2023, 08:13:32 PM
 #75

Old people of course have deep considerations in terms of finances, because the increasingly difficult economic conditions certainly make anyone wary of the type of investment that will be chosen, if parents are in a comfort zone then they will not invest in high-risk types, gold, land, or stocks are the type of investment that old people usually prefer.
Old people usually lack knowledge of the latest technologies and trends when it comes to investments, so they usually prefer the traditional systems that are old but trusted like gold, stocks, real estate, or anything that has been available for centuries. And they are not basically wrong if they have a mindset like that because they don't easily trust anything.

And if you evaluate properly, old people usually don't fail with their investments because they do a lot of research and analysis before they put their hard-earned money into something, unlike today's generations who don't care much.
That is not the only reason, when it comes to investments young people are encouraged to take more risks as if they were to lose part of their money they still have decades to recover that money from the markets, as they still have a great deal of their lives to look forward, however when it comes to senior citizens they cannot afford to take those risks, as if they lose their money then they simply do not have the time to recover it or they may need to cash out during a bear market, making a very bad idea for them to invest in a volatile asset.

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March 20, 2023, 08:23:55 PM
 #76

Ageing is part of an economy you can measure the growth of a country relative to its working population growth.  China for example has a falling working population as do quite a few countries in a western style, this means more dependence on alternatives.  BTC represents technology and progression that more economies might come to rely on rather then repeating the mistake of holding FIAT and seeing inflation erode value, typically this is a lesson younger people learn first but BTC can be held in a pension via a few means in theory.

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March 21, 2023, 11:57:28 PM
 #77

Old people of course have deep considerations in terms of finances, because the increasingly difficult economic conditions certainly make anyone wary of the type of investment that will be chosen, if parents are in a comfort zone then they will not invest in high-risk types, gold, land, or stocks are the type of investment that old people usually prefer.
Old people usually lack knowledge of the latest technologies and trends when it comes to investments, so they usually prefer the traditional systems that are old but trusted like gold, stocks, real estate, or anything that has been available for centuries. And they are not basically wrong if they have a mindset like that because they don't easily trust anything.

And if you evaluate properly, old people usually don't fail with their investments because they do a lot of research and analysis before they put their hard-earned money into something, unlike today's generations who don't care much.
That is not the only reason, when it comes to investments young people are encouraged to take more risks as if they were to lose part of their money they still have decades to recover that money from the markets, as they still have a great deal of their lives to look forward, however when it comes to senior citizens they cannot afford to take those risks, as if they lose their money then they simply do not have the time to recover it or they may need to cash out during a bear market, making a very bad idea for them to invest in a volatile asset.
Most of these old people wouldnt really be tending to risks out that much when it comes to investment and since they do have that retirement money then of course they would be deciding that it should really be saved and kept up and would be spend on their retirement life.For sure they wont really be that boggling up themselves on thinking on how they would really be able to make it even more bigger
via investing it out.It is unlikely that they would really be focusing that much on that part but its not bad to share up the opportunity on what cryptocurrency gives.
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March 22, 2023, 03:44:49 AM
 #78

To a large extent, I still support the aged to use Bitcoin as an alternative but not as an investment because old people don have the time to wait, and we all know how Bitcoin investment is for the long term, so obviously old people prefer businesses that will yield profits immediately since their time is limited such investment like properties and restaurants that deal daily sale but not some things as volatile as bitcoin who doesn't have a physical representation.

-So I am against the ops from persuading his grand pa to buy Bitcoin,  Bitcoin is a knowledge-based investment and old people may not have that motivation to wait.
There is also this reason why it's not good to persuade older people to invest. I have also seen lots of people in their 40's who are against investment and are still living at the moment or in the middle of still enjoying their lives, but I have also ask some local neighbors with age range of 55 and up about investment, and one thing they regretted is not investing while they're still young.

So, in hindsight age really doesn't matter in terms of investment, it only varies from person to person what is their perspective when it comes to investment and the word that persuading people either young or old will come in.
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March 22, 2023, 08:12:52 AM
 #79

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion

From my experience, most old people will say that Bitcoin is not important and they reject the idea that Bitcoin can be used as a means of payment. I'm not saying that all old people reject Bitcoin, it's just that most, and even they make Bitcoin like a Ponzi scheme where one day this Bitcoin will be destroyed and abandoned by people.

R


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March 22, 2023, 08:22:25 AM
 #80

Parents who have experience in the field of internet investing will find it very easy to understand how Bitcoin works. different from parents who have no experience in any investment field, what they have in mind is buying gold and then saving it. There are always two sides to this question, parents who have worked in a company or government employee (no stranger to the internet) will give their children the freedom to interact directly with the internet.
The development of technology has made some people want their children to be able to take advantage of the opportunities that exist on the internet, Cryptocurrency investment is one of the advantages of technological developments. There is no age limit for learning the things they want to know, including parents who are 70 years old.

R


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March 22, 2023, 06:49:05 PM
 #81

There is also this reason why it's not good to persuade older people to invest. I have also seen lots of people in their 40's who are against investment and are still living at the moment or in the middle of still enjoying their lives, but I have also ask some local neighbors with age range of 55 and up about investment, and one thing they regretted is not investing while they're still young.

So, in hindsight age really doesn't matter in terms of investment, it only varies from person to person what is their perspective when it comes to investment and the word that persuading people either young or old will come in.

It's all depends on their perspective and level of exposure. There are people that are conservative about investing, they are skeptical of everything which is kind of a good thing but it hinders them from making bold choices. A lot of them regret it later on in life and wish they had invested. People that are open minded who are always open to new ideas tend to invest more. It's a risky way to live but life is a risk. You can't break out of your comfort zone and go higher if risks are not taken. The thing is, while persuading people to invest, young or old, also advice them to be smart about it.

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March 22, 2023, 09:33:06 PM
 #82

From my experience, most old people will say that Bitcoin is not important and they reject the idea that Bitcoin can be used as a means of payment. I'm not saying that all old people reject Bitcoin, it's just that most, and even they make Bitcoin like a Ponzi scheme where one day this Bitcoin will be destroyed and abandoned by people.
It is according to your own experience, other people may have a different experience.

Anyway, you said "most", right?  So, there are still a few old people who are interested in Bitcoin.
Of course, Bitcoin is only for people who are interested in it, whether old or young people. People who think Bitcoin is a Ponzi scheme, they shouldn't join Bitcoin. Bitcoin is only for old/young people who believe in Bitcoin future. I'm sure there are old people who think Bitcoin is important and can be used for payment purposes because it is already legal as a payment tool in several countries.


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Hamphser
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March 22, 2023, 11:09:06 PM
 #83

From my experience, most old people will say that Bitcoin is not important and they reject the idea that Bitcoin can be used as a means of payment. I'm not saying that all old people reject Bitcoin, it's just that most, and even they make Bitcoin like a Ponzi scheme where one day this Bitcoin will be destroyed and abandoned by people.
It is according to your own experience, other people may have a different experience.

Anyway, you said "most", right?  So, there are still a few old people who are interested in Bitcoin.
Of course, Bitcoin is only for people who are interested in it, whether old or young people. People who think Bitcoin is a Ponzi scheme, they shouldn't join Bitcoin. Bitcoin is only for old/young people who believe in Bitcoin future. I'm sure there are old people who think Bitcoin is important and can be used for payment purposes because it is already legal as a payment tool in several countries.


Theres no age limit or standard on whose gonna deal with bitcoin or overall crypto space as long it does really fit out on your interest and awareness then this is what surely counts.Its true that most of old people would really be sticking into things that they've been used to or simply they would really be having that kind of mindset that they do know everything on this world.On the time that Bitcoin is been introduced and they do have those thoughts that this is some sort of another scam then there are people who are really that close minded and ending up on not to deal with it and would stick into those things that they've known.Well, we cant blame them out but its true that there are people who are really that open to new ideas and innovations.

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March 24, 2023, 10:01:44 AM
 #84

I think the thing that makes old people inactive in bitcoin is the high risk, cryptocurrencies are a high-risk type of investment, old people will certainly be depressed if they see the money used to invest drop, they can no longer make money and only use money from work or retirement when I was young.


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March 27, 2023, 06:08:04 PM
 #85

Age doesn't matter but the actual thing is mind and interest that in which field you are interested. The parents who are above 60s doesn't have any idea about the crypto trading and investment so they visualize this field like a gambling and way of lossing money.

I think that all those individuals who are interested in crypto should educate their elders and elders should educate their younger about it therefore people will get knowledge about it. Parents of age about 70 and 80 will hardly understand this thing because at that time when they were young so there was no concept of bitcoin that time.

In this age everyone knows very well about bitcoin so there will be no difficulty for them and I think its a best thing to involved in it. successful people always invest in Bitcoin for further success in future.



 

 

 

 

 

 


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March 27, 2023, 06:33:32 PM
 #86

We can't deny that age is not a limit for someone to be able to learn new things, even though there may be parents who are 80 or 90 already know what crypto is, of course we should be proud because at their current age they still want to learn about things the new ones, regarding their prohibition to avoid investing in bitcoin, of course that could be based on their past experiences when they were young and maybe they still think that bitcoin is like an MLM investment or something like that beforehand, or instead they intend to teach us about caution be careful in investing, I think we only need to think positively when parents like them say or advise us because after all they have more life experiences than us so far.

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March 28, 2023, 02:14:03 AM
 #87

I think the thing that makes old people inactive in bitcoin is the high risk, cryptocurrencies are a high-risk type of investment, old people will certainly be depressed if they see the money used to invest drop, they can no longer make money and only use money from work or retirement when I was young.
maybe that's not the main reason, and in my opinion the main reason parents don't invest in bitcoin is that they don't know bitcoin and don't know how bitcoin works. usually parents are more interested in investing in something tangible like gold or land. and when it comes to risk issues crypto investment has a high risk, but I think it doesn't matter if parents only invest a small portion of the money they have.

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March 29, 2023, 03:59:00 PM
 #88

Usually old people don't want to take high risks, as we know that the potential for bitcoin losses is very high, old people will think rationally because they are no longer productive, buying stocks, gold or property is a safer thing for old people.
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March 29, 2023, 08:42:30 PM
Merited by fillippone (1)
 #89

investing in Bitcoin or other crypto assets is not limited to a certain age and is accessible to anyone with internet access and a digital wallet. However, this investment does have a fairly high risk, because the crypto asset market is very volatile and prices can change drastically in a short time. Considering his parents are 80-90 years old, I don't think this is suitable for them long term bitcoin investment.

The investment choices taken by parents depend on preferences, tendencies, and also the level of understanding of the assets in question. Older people may prefer to invest in gold because gold is known as a stable asset and has a value that tends to stabilize over time.

R


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March 29, 2023, 08:54:34 PM
 #90

Usually old people don't want to take high risks, as we know that the potential for bitcoin losses is very high, old people will think rationally because they are no longer productive, buying stocks, gold or property is a safer thing for old people.
True, they don't want to take more risks because they're all set for life but that won't limit them in learning bitcoin and there's no restriction for them to learn something new.
Some may try to learn about it and test themselves by investing on it but those that have been tested by time and real life investors that have made their lives better, for sure that no one can stop them in learning and after that, they'll invest in bitcoin.
They may think of it as some sort of games and bets and that's why if ever some of them invests, they know the risk and they can afford to lose any amount they put in.

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March 29, 2023, 09:02:46 PM
 #91

investing in Bitcoin or other crypto assets is not limited to a certain age and is accessible to anyone with internet access and a digital wallet. However, this investment does have a fairly high risk, because the crypto asset market is very volatile and prices can change drastically in a short time. Considering his parents are 80-90 years old, I don't think this is suitable for them long term bitcoin investment.

The investment choices taken by parents depend on preferences, tendencies, and also the level of understanding of the assets in question. Older people may prefer to invest in gold because gold is known as a stable asset and has a value that tends to stabilize over time.
Gold is a good investment but its problem is that it can spend many years without moving much, even when the inflation is going higher and higher, so if anyone is thinking about investing in it then the amount of money that should be invested in it should be relatively low, that way if the economy begins to present huge problems and gold skyrockets then you can still retain a portion of your wealth and not lose everything during such a bearish movement, while if the economy does well then you can invest most of your remaining capital in other assets which offer higher returns.

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March 29, 2023, 09:53:24 PM
 #92

Age doesn't matter but the actual thing is mind and interest that in which field you are interested. The parents who are above 60s doesn't have any idea about the crypto trading and investment so they visualize this field like a gambling and way of lossing money.

I think that all those individuals who are interested in crypto should educate their elders and elders should educate their younger about it therefore people will get knowledge about it. Parents of age about 70 and 80 will hardly understand this thing because at that time when they were young so there was no concept of bitcoin that time.

In this age everyone knows very well about bitcoin so there will be no difficulty for them and I think its a best thing to involved in it. successful people always invest in Bitcoin for further success in future.
Age doesn't matter is only applicable to other forms of investment but in crypto, age matters here. We can say that crypto welcomes everyone but not all are suitable for this due to the nature of the market which it needs knowledge and skill, and the capability to use gadgets. Sadly, for aging or old people this is hard for them. For me, it was not their time to learn from this, using gadgets but instead, it was their time to enjoy life worrying about nothing. We let the new generation handle this thing and carry the responsibility as they are capable enough to do this.

R


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March 29, 2023, 09:57:00 PM
 #93

Well, we cant blame them out but its true that there are people who are really that open to new ideas and innovations.
Sure, we can't blame people who don't want to invest in Bitcoin whether they are old or young. It is purely a human right, everyone is free to do whatever they prefer/want.

Yep, there are some people who support innovations. It depends on their own characteristics (nature) or knowledge, it doesn't depend on age. So, those who support the innovation will be easier to accept Bitcoin.

I think the thing that makes old people inactive in bitcoin is the high risk, cryptocurrencies are a high-risk type of investment, old people will certainly be depressed if they see the money used to invest drop, they can no longer make money and only use money from work or retirement when I was young.
I don't think so. Age shouldn't make people worried. If people are afraid to invest in Bitcoin, it is because they don't know well Bitcoin. If they know Bitcoin and understand how to deal with the risk, they must be interested in Bitcoin investment. Or they feel afraid since they are the type of people who don't want to try something challenging.


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March 29, 2023, 10:06:55 PM
 #94

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
Each person does have their own perceptions on things in life whether on physical or virtual engagement and acknowledgement on different things on which it would really be just depending whether
they would really be dealing with it or not and skipping out because it is really that against into their principles.This is why it is really just a matter of situation because not all would really be
that confident on dealing up something online. Scams and frauds are lots on which i cant blame those old person on having this kind of perception into things which we know that
it cant really be that something you could force them on doing so.Just let them be on dealing up on things which they do believe but its not bad to make out some introduction to them about it.

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March 30, 2023, 03:15:07 PM
 #95

Of course, bitcoin is for everybody, and I tend to see more and more old folks hodlers of bitcoin. It wasn't too much common back then. it's nice to see, technology it's not just for the young like most say.
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March 30, 2023, 04:23:50 PM
 #96

I think the thing that makes old people inactive in bitcoin is the high risk, cryptocurrencies are a high-risk type of investment, old people will certainly be depressed if they see the money used to invest drop, they can no longer make money and only use money from work or retirement when I was young.
I don't think so. Age shouldn't make people worried. If people are afraid to invest in Bitcoin, it is because they don't know well Bitcoin. If they know Bitcoin and understand how to deal with the risk, they must be interested in Bitcoin investment. Or they feel afraid since they are the type of people who don't want to try something challenging.


Actually in this case I think it goes back to people's perspectives because of course in terms of perspective different views are commonplace.
But for me personally, when it comes to learning, everyone is free to do such things, including the elderly who are enjoying the rest of their lives with their pensions.
But when it comes to investing for older people, I don't think it's really necessary even though there is no prohibition for this. Now they just have to enjoy what they earned in their youth instead of re-pioneering to invest because in terms of age, what they are pursuing now is considering in terms of opportunities even though we don't know the age of a person but when looking at their conditions they are approaching and why invest for the long term that they don't enjoy the results.
I do not prohibit this but it would be better if those who are older enjoy the fruits of their labor rather than having to restart investing even if it is to learn in order to have knowledge that is okay.

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March 30, 2023, 06:53:39 PM
 #97

Usually old people don't want to take high risks, as we know that the potential for bitcoin losses is very high, old people will think rationally because they are no longer productive, buying stocks, gold or property is a safer thing for old people.
Although we know that they are not always very keen on technology or have much interest in it, I think they are not wrong in choosing the safer ways for investing their money and we shouldn't consider that bad because they've seen life more closely than us and they understand the risks and everything involved in rational and hasty investments.

They could be a part of Bitcoin and the revolution the world is witnessing, but they will need someone to sit beside them and explain everything out of love and with a smile on their face and believe it or not, aged people love it when you do that, and they will listen to anything you have to say.

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March 30, 2023, 07:23:29 PM
 #98

There is no age limit for investing in bitcoins. But in my opinion, investing in bitcoin can be high risk for parents, especially those aged 70 and over because parents generally have a forgetful nature in managing their finances. Moreover, the price of Bitcoin can change drastically in a short time, which can result in big losses if not managed properly.

In addition, older people may also be more vulnerable to bitcoin-related fraud and cybercrime. There are also technological risks such as losing access to digital accounts and wallets which can lead to lost investments. Back to the point above, the elderly tend to forget easily.
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March 30, 2023, 07:54:37 PM
 #99

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
We, like the human mind, which we believe was given to us by God, have the ability to choose how to use it for good or evil. The same principle applies to the internet: we can use it to learn and do good things, or we can abuse it. As a result, we should make an effort to educate our aging population about internet safety.

Bitcoin is unquestionably the currency of the future, and it may surprise you to learn that the elderly are investing in it more than the younger generation. Rather than focusing on the negative consequences of using the internet and cryptocurrency, we should encourage society to recognize their importance and potential benefits.
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March 30, 2023, 08:19:55 PM
Merited by zaki12 (1)
 #100

There is no age limit for investing in bitcoins. But in my opinion, investing in bitcoin can be high risk for parents, especially those aged 70 and over because parents generally have a forgetful nature in managing their finances. Moreover, the price of Bitcoin can change drastically in a short time, which can result in big losses if not managed properly.
Apart from forgetting more quickly, the eyes of parents who are already in their 70s also have to use tools to see market charts and other things before investing. But if you only want to invest in the long term without having to monitor it all the time, I don't think it would be wrong for these parents to do so because parents usually will use money that is not spent elsewhere to invest. So that even if one day he loses, he will not experience stress when thinking about it.

Quote
In addition, older people may also be more vulnerable to bitcoin-related fraud and cybercrime. There are also technological risks such as losing access to digital accounts and wallets which can lead to lost investments. Back to the point above, the elderly tend to forget easily.
Because it's easier to forget and also vulnerable to fraud, older people with the age level you mentioned really need a younger companion for themselves when investing in Bitcoin. So that when there are problems or things that he doesn't know about, he can immediately ask his companion to find out and solve them. Usually parents always prefer to rely on their grandchildren in any case, including in terms of investing in Bitcoin. That is if his grandson already understands more about Bitcoin.
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March 30, 2023, 09:09:00 PM
 #101

There is no age limit for investing in bitcoins. But in my opinion, investing in bitcoin can be high risk for parents, especially those aged 70 and over because parents generally have a forgetful nature in managing their finances. Moreover, the price of Bitcoin can change drastically in a short time, which can result in big losses if not managed properly.

In addition, older people may also be more vulnerable to bitcoin-related fraud and cybercrime. There are also technological risks such as losing access to digital accounts and wallets which can lead to lost investments. Back to the point above, the elderly tend to forget easily.
It is true, gender and age will not limit someone from getting involved in bitcoin.
I can consider that there is many investors are aged 50 and over already involved in bitcoin investing, but I can definitely ignore those old enough currently in a nursing home to get involved in this space. Age is not a limit, even Saylor who is already 58 years old is the most optimistic person about bitcoin. There are categories where they can no longer be involved in this space, that's another story.

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March 30, 2023, 10:47:57 PM
 #102

There is no age limit for investing in bitcoins. But in my opinion, investing in bitcoin can be high risk for parents, especially those aged 70 and over because parents generally have a forgetful nature in managing their finances. Moreover, the price of Bitcoin can change drastically in a short time, which can result in big losses if not managed properly.

In addition, older people may also be more vulnerable to bitcoin-related fraud and cybercrime. There are also technological risks such as losing access to digital accounts and wallets which can lead to lost investments. Back to the point above, the elderly tend to forget easily.
It is true, gender and age will not limit someone from getting involved in bitcoin.
I can consider that there is many investors are aged 50 and over already involved in bitcoin investing, but I can definitely ignore those old enough currently in a nursing home to get involved in this space. Age is not a limit, even Saylor who is already 58 years old is the most optimistic person about bitcoin. There are categories where they can no longer be involved in this space, that's another story.
There's no indeed qualifications or something in between if we do speak about things needed for you to get deal with Bitcoin or crypto in overall.As long you do know its concept and overall use case and opportunities
then this is what do really counts.Old or young, it doesnt matter because everyone could freely deal up with it.It is really just that there are people who are really that easy to understand whenever
we do speak about things that it is attached online. Some are really just that close minded and never intend to deal up with things just because they are really that afraid on doing so.
or have thoughts that this is some sort of scam.

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March 30, 2023, 11:17:51 PM
 #103

Incorrect way of thinking of it really.    A person could be 20 and incapable of taking on something for various of reasons, some just wont sit still and think about anything much for more then 10 seconds.   Regardless of gender or age or any other reason a good product will be applicable in some way.  I hope BTC will be universal one day but not to the same depth for everyone.

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March 31, 2023, 07:05:52 AM
 #104

Of course, bitcoin is for everybody, and I tend to see more and more old folks hodlers of bitcoin. It wasn't too much common back then. it's nice to see, technology it's not just for the young like most say.
Everyone has access to technology, and I believe we are approaching a point where even older people will recognize the benefits of using cryptocurrency and Bitcoin. This is especially beneficial to them. Older people will no longer have to go through the stress of visiting a physical banking hall because they will be able to conduct transactions from the comfort of their own homes. Cryptocurrency and Bitcoin allow users to act as their own bank, which is exactly what the elderly require.
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March 31, 2023, 08:28:08 AM
 #105

Everyone has access to technology, and I believe we are approaching a point where even older people will recognize the benefits of using cryptocurrency and Bitcoin. This is especially beneficial to them. Older people will no longer have to go through the stress of visiting a physical banking hall because they will be able to conduct transactions from the comfort of their own homes. Cryptocurrency and Bitcoin allow users to act as their own bank, which is exactly what the elderly require.

Not all parents are able to take advantage of the technology that already exists at this time, because when they were young, there was not much technology that they could see and feel. So that at this time some parents always need help from other parties to solve their needs and in this case it is clear that what they rely on is the physical bank and it still looks conventional.

But in part, I see that parents have been able to take advantage of existing technology to facilitate all the important matters they have, because when there is so much technology but there are still many people who don't know how to use it, I think that is tantamount to lying. So this is not only because there is technology that can be used by the elderly, but how many elderly people can use this technology at this time.

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March 31, 2023, 09:15:08 AM
 #106

There is no age limit for investing in bitcoins. But in my opinion, investing in bitcoin can be high risk for parents, especially those aged 70 and over because parents generally have a forgetful nature in managing their finances. Moreover, the price of Bitcoin can change drastically in a short time, which can result in big losses if not managed properly.

In addition, older people may also be more vulnerable to bitcoin-related fraud and cybercrime. There are also technological risks such as losing access to digital accounts and wallets which can lead to lost investments. Back to the point above, the elderly tend to forget easily.
Well, you are probably right that people from higher age groups tend to forget things very easily which can sometimes be troublesome if they are investing in Bitcoin, especially if they are doing it for a short or mid term. Those who wish to invest for the long-term, wouldn't really have much issues if they simply store them in a hardware wallet and keep the private keys somewhere safe, and also tell someone else about them.

If they don't tell anyone about them, and if something unfortunate happens, the Bitcoins will be lost forever. If they write it down in their will, that will also be a good way to transfer their investment to their children or grandchildren.

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March 31, 2023, 09:27:35 AM
 #107

I think old people also have to participate in bitcoin, of course they don't have to sell assets or put all the money in bitcoin, maybe it can be arranged according to the portion that can be considered a loss, in developed countries old people also like gambling so if gambling habits can be transferred to bitcoin, of course it will make them can be more prosperous in the future.

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March 31, 2023, 05:44:59 PM
 #108

Slowly but I hear they are getting in. I have a friend who works in a local exchange, and by local I mean they make billions in profit, so they are quite large but obviously not in top 10, they are in top 50. He works in marketing so he knows a thing or two about the people who join, and because there is KYC we are talking about people who actually give their information. He talks about the fact that 90% is people who are under 40 years old, and over 50% is under 35 years old as well, so that is the majority that part is guaranteed.

But just 3-4 years ago, people who were 60+ had just 1% or less, and today they have over 7% of the accounts, which is quite large, and good to see.

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April 01, 2023, 10:42:23 AM
 #109

There is no age limit for investing in bitcoins. But in my opinion, investing in bitcoin can be high risk for parents, especially those aged 70 and over because parents generally have a forgetful nature in managing their finances. Moreover, the price of Bitcoin can change drastically in a short time, which can result in big losses if not managed properly.

In addition, older people may also be more vulnerable to bitcoin-related fraud and cybercrime. There are also technological risks such as losing access to digital accounts and wallets which can lead to lost investments. Back to the point above, the elderly tend to forget easily.
It is true, gender and age will not limit someone from getting involved in bitcoin.
I can consider that there is many investors are aged 50 and over already involved in bitcoin investing, but I can definitely ignore those old enough currently in a nursing home to get involved in this space. Age is not a limit, even Saylor who is already 58 years old is the most optimistic person about bitcoin. There are categories where they can no longer be involved in this space, that's another story.
Gender maybe but age yes. What if the age of the person is too young that they can't even know how to read or write? There's also really old people who are not capable to think critically anymore. I agree that mature men are into investing. They are mature enough to think about their future and also the future of their family but I think many of them are still skeptical about Bitcoin.

It maybe the younger people are the ones who are more familiar with BTC but they can always recommend it to their parents and the people around them. Other than age, a country or the government can also restrict people from getting involved in Bitcoin.
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April 02, 2023, 01:07:18 PM
 #110

Old people aren’t likely exposed to internet. For most of them internet are just rocket science, not to blame anyone, but it’s the fact. This doesn’t mean that old people are dumb and don’t do any investments. Rather they are very intelligent and know where to give the right amount of money for the right investment. Old people invest in real estates, physical gold etc. Now it’s really debatable that whether old people should invest or not, but it’s our duty to educate them about this.

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bitterguy28
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April 04, 2023, 12:30:31 AM
 #111

not because parents don't want their children to be exposed in internet meaning we will not allow them to use as , because we must admit that this is important in this world now.
and about old people ? I can consider myself to be old people yet i understand and love bitcoin and of course altcoins so better for me to teach my children and also my parents about crypto
Old people aren’t likely exposed to internet. For most of them internet are just rocket science, not to blame anyone, but it’s the fact. This doesn’t mean that old people are dumb and don’t do any investments. Rather they are very intelligent and know where to give the right amount of money for the right investment. Old people invest in real estates, physical gold etc. Now it’s really debatable that whether old people should invest or not, but it’s our duty to educate them about this.
have you red the thread? it is not asking about general person who uses bitcoin but about on whom of them are joining .


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April 04, 2023, 02:18:12 AM
 #112

Old people aren’t likely exposed to internet. For most of them internet are just rocket science, not to blame anyone, but it’s the fact. This doesn’t mean that old people are dumb and don’t do any investments. Rather they are very intelligent and know where to give the right amount of money for the right investment. Old people invest in real estates, physical gold etc. Now it’s really debatable that whether old people should invest or not, but it’s our duty to educate them about this.
It is possible that parents are exposed to the internet, especially those who are retired government employees or private companies. In terms of investment, parents prefer their investment to be enjoyed by their children. Internet savvy parents can invest in Bitcoin, but it is very risky considering their age, although it is not a guarantee.
Parents still invest as long as they can, what they have in mind is only for the prosperity of their children, that is happy enough for them.

R


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April 04, 2023, 06:48:02 AM
 #113

I think anyone can do bitcoin, as long as they can use the internet from a mobile phone or PC then they can participate in bitcoin, the easy thing in bitcoin is to buy it then save it and check the price whether it is profit or loss, if the price crash then hold for long term is the best solution.
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April 04, 2023, 08:14:41 AM
 #114

Old people aren’t likely exposed to internet. For most of them internet are just rocket science, not to blame anyone, but it’s the fact. This doesn’t mean that old people are dumb and don’t do any investments. Rather they are very intelligent and know where to give the right amount of money for the right investment. Old people invest in real estates, physical gold etc. Now it’s really debatable that whether old people should invest or not, but it’s our duty to educate them about this.
I think this kind of thing depends on where you live and how your parents think.
Indeed, there are still many parents who are still very unfamiliar with the Internet, Gadgets or today's sophisticated technology, but on the other hand we also cannot close one eye because everyone is different and basically for some large areas there are already very many parents who can. spending all day just reading the news from their gadgets and leaving the newspapers or magazines they like.
Now it depends on where you live and how your mindset is because indeed something like that will definitely make a real difference. For small areas such as rural areas or those that are not touched too often, things that come from renewable technology will definitely be very foreign, but for some in big cities, the possibility of them receiving it is even greater.Learning more in this case bitcoin, I still feel it is still legal for older people, even if it's just to invest, maybe they have to think again about it, especially for their age, which can be said to be not for long, even though we can't predict age, but if you look at the benchmark for human age when they have retired, of course, their days will not be long.

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April 05, 2023, 09:30:51 AM
 #115

Bitcoin users are anonymous, of course it will be difficult to know whether old people are or not, but in my opinion bitcoin is also worthy of being an old people investment, the chance of a higher profit than any type of investment is of course an important consideration, the most important thing is that old people only invest small amounts.
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April 05, 2023, 04:08:18 PM
 #116

I'm sure there are also many old users, of course, the old size is those who are at least 60 years old, parents also have hopes of getting big profits, and when they hear about bitcoin, they will try it and when it is profitable, they are more eager to buy, this is because bitcoin investment proved to be easier than stocks.

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April 05, 2023, 04:20:15 PM
 #117

Old people aren’t likely exposed to internet. For most of them internet are just rocket science, not to blame anyone, but it’s the fact. This doesn’t mean that old people are dumb and don’t do any investments. Rather they are very intelligent and know where to give the right amount of money for the right investment. Old people invest in real estates, physical gold etc. Now it’s really debatable that whether old people should invest or not, but it’s our duty to educate them about this.
Old people who are into investing and do know how investment works may consider investing in crypto or in bitcoin. Some old people who learn the value of investment and not just staying their money at bank will fond ways to learn bitcoin. Some senior might only be attracted in the hype that people earn and some get rich in bitcoin while some will take it seriously to study how bitcoin works. Whether they will engaged in bitcoin or not as long as they get prepared in having saving before they aged then there’s nothing to worry about whether they will enter bitcoin or nkt.

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April 05, 2023, 07:45:31 PM
 #118

I think this kind of thing depends on where you live and how your parents think.
Indeed, there are still many parents who are still very unfamiliar with the Internet, Gadgets or today's sophisticated technology, but on the other hand we also cannot close one eye because everyone is different and basically for some large areas there are already very many parents who can. spending all day just reading the news from their gadgets and leaving the newspapers or magazines they like.
A research showed that this is economically related. Nations like UK or USA has a lot more elderly who understands the latest technologies because it's cheap for them, even getting the latest brand new phones and macbooks or whatever do not mean a ton of money for them and that's something they can afford easily, so they buy it and try to learn it, some do and some don't but at least they can try to. Whereas in poorer nations not even young people can afford it even though they work 12 hours a day, like me for example, I can't afford a new iophone, it's about 1000 dollars here, wife wants it, but we can't ever buy it ever in our life.

Because that's too much, and no matter how upset she can be, we will never own one. How could my parents afford it then? They are retired old people living on retirement fund, so it's impossible for them to ever learn if they can use it or not, because they are too poor to even try.

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April 05, 2023, 07:58:17 PM
 #119

I'm sure there are also many old users, of course, the old size is those who are at least 60 years old, parents also have hopes of getting big profits, and when they hear about bitcoin, they will try it and when it is profitable, they are more eager to buy, this is because bitcoin investment proved to be easier than stocks.
When it comes to  age then this market doesnt really require on which number you would really be put up whether you are a senior or you are still that on young adulthood kind of age.Bitcoin or cryptocurrency
market doesnt really mind off nor depend on whose really that qualified on taking some engagement to it.

We do know that age or there are no qualifications for someone to deal it.As long you are pretty aware on what it is and you do know about the certain risks involved into it then
it would really be just that fine as long you do know on what you are doing.

R


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April 06, 2023, 09:49:25 AM
 #120

I think this kind of thing depends on where you live and how your parents think.
Indeed, there are still many parents who are still very unfamiliar with the Internet, Gadgets or today's sophisticated technology, but on the other hand we also cannot close one eye because everyone is different and basically for some large areas there are already very many parents who can. spending all day just reading the news from their gadgets and leaving the newspapers or magazines they like.
A research showed that this is economically related. Nations like UK or USA has a lot more elderly who understands the latest technologies because it's cheap for them, even getting the latest brand new phones and macbooks or whatever do not mean a ton of money for them and that's something they can afford easily, so they buy it and try to learn it, some do and some don't but at least they can try to. Whereas in poorer nations not even young people can afford it even though they work 12 hours a day, like me for example, I can't afford a new iophone, it's about 1000 dollars here, wife wants it, but we can't ever buy it ever in our life.

Because that's too much, and no matter how upset she can be, we will never own one. How could my parents afford it then? They are retired old people living on retirement fund, so it's impossible for them to ever learn if they can use it or not, because they are too poor to even try.
As I said before, it doesn't matter where you live and how Polo thinks.
Because in this case the mindset will always refer to the environment. For example, for big cities that are already advanced, the mindset there is also quite advanced, even though this is for the elderly because they have thoughts that could be much more open-minded, but on the contrary, when our environment is not in a supportive environment, the mindset is also clear. will adjust because when we live in a developing or even lagging country, what is thought is not about thinking like this but only focusing on how to survive.

Returning to context, something like this will obviously affect bitcoin for old people so we can't all be beaten evenly because we also need to look at the existing situations and conditions.

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April 06, 2023, 08:06:43 PM
 #121

Before the evolution of bitcoin they were other investments happening on the internet but frankly speaking they were nothing compared to bitcoin because some of them were like a quick rich schemes that ended up scamming people. So I don’t see it strange seeing older generations having the same feelings towards bitcoin, we only need to tell them why bitcoin is different.
This is true. My grandparents often talk about different forms of scams that they fell into back in the day. They do not even believe in the banking system because they believe its all the same scam. Funny as it may seem they're not wrong. Secondly, back in their days banks collapse more often than they do today and they all someone they knew always lose their fortunes when these banks collapses. Because of that, they don't trust the banking system even till this day, so how can people like that trust bitcoin. 

As for learned parents I think they are best suited for bitcoin because of their patience in saving and this is key to holding for very long term

You have a point. lol.
These old folks can keep money in a particular place for years and they wont even bother to spend it. They are really food at holding. Their patience is impeccable. Younger folks don't have that kind of patience. If that patience can be transferred into bitcoin, it will be great.

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April 06, 2023, 09:26:39 PM
 #122

I think anyone can do bitcoin, as long as they can use the internet from a mobile phone or PC then they can participate in bitcoin, the easy thing in bitcoin is to buy it then save it and check the price whether it is profit or loss, if the price crash then hold for long term is the best solution.
this is one of the obstacles because most parents are unfamiliar with the internet, let alone bitcoin. plus you have to explain how bitcoin works and the risks of investing in bitcoin, I don't think it's that easy to introduce bitcoin investing to parents.

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April 07, 2023, 03:32:04 PM
 #123

I'm sure that old people are part of bitcoin, old people have more time than people of productive age so it's only natural that they also invest in bitcoin, besides that the opportunity for profit is a consideration that anyone can invest in bitcoin, including old people.
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April 07, 2023, 08:44:19 PM
 #124

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.
I haven't heard of age limitation placed towards learns about bitcoin except for those preservatives that chose not to be part of the financial digitalized era that we have currently find ourselves today. The world is evolving on a daily and every educated parents would always want to adjust to it at their own speed as not to be left out. Decades past we had stocks, forex trading and others dominating the online financial market but today crypto has breakthrough and every wise individual wether 70 or 80 years of age that was involved in stocks will definitely love to try the new technology when it first developed, so age isn't a limitation but rather what I see here is lack of exposure and knowledge.

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April 07, 2023, 09:18:03 PM
 #125

My parent's aren't interested in crypto, but I don't blame them. They aren't interested in computers either.
Maybe if they were to grow up in different times they would be but they never needed technology in their lives and when computers became a thing in the 90s they were already in their 50s.
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April 07, 2023, 11:51:38 PM
 #126

My parent's aren't interested in crypto, but I don't blame them. They aren't interested in computers either.
Maybe if they were to grow up in different times they would be but they never needed technology in their lives and when computers became a thing in the 90s they were already in their 50s.
Gerenation Gap is the bottomline. Most of the olfer individuals at the present are not used with technology and unusual investment. If you are on a third world country, recognized investments by them are in fields of industrial, agricultural, and properties. Also considering the risk, this industry would seem to be a gamble on their end due to market price volatility and its overall usage. Also, there's no age limiting an individual to invest, there are even young ones who are also not interested. This simply means that it is by choice whether to engage or not in this industry. Lastly, it would be better to engage prepared than to just make an entry out of the blue just to follow what's new.

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April 08, 2023, 04:15:38 AM
 #127

I'm sure that old people are part of bitcoin, old people have more time than people of productive age so it's only natural that they also invest in bitcoin, besides that the opportunity for profit is a consideration that anyone can invest in bitcoin, including old people.
So you think that people at a young age who are still very productive don't have much time to invest in Bitcoin? Basically everyone has a full day for 24 hours and if those who are young are able to use it and share their time for some of the things they do every day in their life including for investment matters. They will be much better and more profitable than parents who just sit and watch the market. And when you know that anyone can invest in Bitcoin, that means it covers everyone regardless of age for this.

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April 08, 2023, 09:52:56 AM
 #128

My parent's aren't interested in crypto, but I don't blame them. They aren't interested in computers either.
Maybe if they were to grow up in different times they would be but they never needed technology in their lives and when computers became a thing in the 90s they were already in their 50s.

This has been always the case for the elders who aged 60+ and above. Though not everyone. I also knew someone, who was my boss from my previous job. He's 65 yrs old and adopted into the latest technologies including  trading in the internet without any problem.  However, this was always the usual in any country. Some senior citizens don't even know how to withdraw with ATM, they still would prefer the traditional banking methods.

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April 08, 2023, 01:08:04 PM
 #129

I'm sure that old people are part of bitcoin, old people have more time than people of productive age so it's only natural that they also invest in bitcoin, besides that the opportunity for profit is a consideration that anyone can invest in bitcoin, including old people.

They have more time than us, but they have spent their whole lives working to take care of us, and it is time for them to rest and enjoy rather than find other ways to make money. They can still invest in bitcoin, but I don't recommend my parents to do that, they don't need too much money to live the rest of their days and don't need to risk investing in bitcoin. The risk of investing in bitcoin is still there, and I don't think bitcoin's volatility will make them comfortable with that old age. Instead of encouraging the elderly or parents to invest in bitcoin, we should make more money to care for them.

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May 16, 2023, 07:33:33 PM
 #130

Investing in bitcoin is of course for everyone and is not measured by age, and of course when it comes to investing in bitcoin, of course there are those who like it and some who don't like it.
Even many young people don't like bitcoin, because they think that investing in bitcoin is very high risk.
so do parents and usually parents prefer to invest in gold.

Yes exactly it totally depends on the desire of a person and there is nothing related to the age of a person. But as I have experience so lots of people who are more than 45 age are interested in buying of land and gold because they thing these two ways as a safe and secure so for them bitcoin is a risky investment.

People will accept bitcoin completely like gold and a piece of land it the fear of losing in bitcoin is not much higher. Acceptance of bitcoin has no relation with age so everyone can buy bitcoin but I think teenage have more abilities to get knowledge easily so they will take advantage easily through bitcoin if they want to do so.



 

 

 

 

 

 


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May 16, 2023, 09:11:49 PM
 #131

Investing in bitcoin is of course for everyone and is not measured by age, and of course when it comes to investing in bitcoin, of course there are those who like it and some who don't like it.
Even many young people don't like bitcoin, because they think that investing in bitcoin is very high risk.
so do parents and usually parents prefer to invest in gold.

Yes exactly it totally depends on the desire of a person and there is nothing related to the age of a person. But as I have experience so lots of people who are more than 45 age are interested in buying of land and gold because they thing these two ways as a safe and secure so for them bitcoin is a risky investment.

People will accept bitcoin completely like gold and a piece of land it the fear of losing in bitcoin is not much higher. Acceptance of bitcoin has no relation with age so everyone can buy bitcoin but I think teenage have more abilities to get knowledge easily so they will take advantage easily through bitcoin if they want to do so.
When it comes on learning Bitcoin or cryptocurrencies then this doesnt talk about age because whether you are an oldy or a youngster, you could freely learn up on what it is and what are the things that you should
gonna do as long you've been interested on doing so. Ageing doesnt mean that it is really an end for you or not really worth on engaging into crypto which you could actually able to deal with as long you are
aware on what it is. Wrong things about on other peoples mindset is that when we do speak about being old then there's no much time for them to engage on investment or something without even trying to look at
that even on retirement age, we could still live for a few decades as long our body is still healthy and fit despite of being old.

The fact that there are ones who would be mindful about on investing into something for the benefit of their children or grandsons in the long run. This is why its really that bad or really not that appealing
to be that judgmental or really that conclusive about elderly.

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May 16, 2023, 09:18:27 PM
 #132

Investing in bitcoin is of course for everyone and is not measured by age, and of course when it comes to investing in bitcoin, of course there are those who like it and some who don't like it.
Even many young people don't like bitcoin, because they think that investing in bitcoin is very high risk.
so do parents and usually parents prefer to invest in gold.

Yes exactly it totally depends on the desire of a person and there is nothing related to the age of a person. But as I have experience so lots of people who are more than 45 age are interested in buying of land and gold because they thing these two ways as a safe and secure so for them bitcoin is a risky investment.

People will accept bitcoin completely like gold and a piece of land it the fear of losing in bitcoin is not much higher. Acceptance of bitcoin has no relation with age so everyone can buy bitcoin but I think teenage have more abilities to get knowledge easily so they will take advantage easily through bitcoin if they want to do so.

To be fair, bitcoin is indeed a risky investment when comparing gold and real estate, but the higher the risk, the higher the return. Older people tend to be safe and risk averse, so they will choose safe assets like gold and real estate as they have been around for thousands of years and are widely recognized. Young people like us who are willing to take risks for high returns will accept bitcoins rather than safe assets with low returns. Bitcoin is for everyone, but I still find it suitable for younger people. It's too volatile and needs a bit of tech savvy to be able to use it, which will be a bit difficult for the older generation.

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May 17, 2023, 07:40:45 AM
 #133

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion

According to my research, having internet at home doesn't hurt. But there are other risks that can be associated with using the internet such as having internet addiction, cyberbullying and damage to our vision due to radiation.

     In addition to that, we need to have a short absence from using the computer so that our body and eyes can rest which can affect our health as well of course, this is probably one of the reasons that other adults think of us..

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May 17, 2023, 03:05:09 PM
 #134

I think that the nature of crypto is going to leave a lot of coins lost forever when people die suddenly, or even from old age. Most people don’t document all their assets and myself personally if I were to die I’m certain not all the digital assets I have would be discovered. This leads me to believe that over time Bitcoin will become much more scarce than some might imagine. I’d give examples like Mircea Popescu.

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May 17, 2023, 04:05:36 PM
 #135

To begin with, education and knowledge have not age limit and everyone is able to become competent in Bitcoin and generally digital currencies no matter how old are they. Correspondingly, I would say that the majority of old people specifically teachers are more competent and patient than youngers, they are capable to teach youth smoothly. In fact, I have met some old traders and investors who are into cryptocurrencies, they have not gotten any difficulty in adapting themselves  and comprehending the basics of this field. In addition to that, there is a minority of elderly who are against all new technologies , they be warning their children to not use Bitcoin.
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May 17, 2023, 09:11:25 PM
 #136

To be fair, bitcoin is indeed a risky investment when comparing gold and real estate, but the higher the risk, the higher the return. Older people tend to be safe and risk averse, so they will choose safe assets like gold and real estate as they have been around for thousands of years and are widely recognized. Young people like us who are willing to take risks for high returns will accept bitcoins rather than safe assets with low returns. Bitcoin is for everyone, but I still find it suitable for younger people. It's too volatile and needs a bit of tech savvy to be able to use it, which will be a bit difficult for the older generation.
But some parents or those who are elderly still have good knowledge, still keep abreast of developments in payment technology, including Bitcoin. It's not uncommon for some parents to invest in bitcoin for the long term, buying and holding bitcoin for the long term and that's good enough to do because it doesn't require more detailed knowledge. You only need to buy at the base price and then hold it until you reach the predetermined main price target. But indeed young people dominate Bitcoin investment
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May 17, 2023, 09:24:02 PM
 #137

Bitcoin investment has no age limit, anyone and everyone can invest in bitcoin if the knowledge of the person is okay. If the person has knowledge of what he or she is doing then the person can invest in it. But whereby the person is 90 years old, then I will not advise the person to Invest in bitcoin but if the person has children let the children do the Investment for the 90 years old parents. But if it is 80 years old then and the person is still ready to invest then allow the person to do that. Bitcoin is for all ages. But k knowledge on the Ecosystem is needed.
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May 18, 2023, 06:55:39 AM
 #138

To begin with, education and knowledge have not age limit and everyone is able to become competent in Bitcoin and generally digital currencies no matter how old are they. Correspondingly, I would say that the majority of old people specifically teachers are more competent and patient than youngers, they are capable to teach youth smoothly. In fact, I have met some old traders and investors who are into cryptocurrencies, they have not gotten any difficulty in adapting themselves  and comprehending the basics of this field. In addition to that, there is a minority of elderly who are against all new technologies , they be warning their children to not use Bitcoin.
I do agree that it is not going to be simple to just figure out exact ages unless you are an exchange. We are going to just guess and saying that they are a small part of it is a good guess and definitely a right one and I would agree with that.

However, I also would like to point out that it would be smart to end up with something more logical and just let the statistical companies handle that. We do not have any data about it, they exist, they are small part of it, but we can't know anything further. I would guess that even though they are small in number, they must be investing a lot more than us all because they inherited and worked for a lot of stuff, which means they have so much more than young people and can invest a lot more.

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May 23, 2023, 07:56:29 AM
 #139

Bitcoin is anonymous so that anyone can easily have bitcoin, making wallets only takes less than 3 minutes, now there are many applications on Android that provide convenience to make and store assets in Bitcoin, I use trust wallets and can store some crypto besides bitcoin like Stable coins, BNB, ETH and so on, and with this convenience, of course Old People is part of Bitcoin.
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May 23, 2023, 10:35:38 AM
 #140

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
Buying some amounts of bitcoin is a type of investment. It is nothing so special and just like anyone with the right information and guidance can make an informed decision about what asset to invest and which to stay away from, so it is with investing with bitcoin.

If our ageing parents aren't new to investing, then it will be no hassle for them investing in bitcoin but if they have never done anything about investing all their lives that is if they have been strictly career-people then I advise would be that they can buy some bitcoin and let a trusted financial advisor or a trusted member of their family handle it.

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Mario Yamasaki
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May 23, 2023, 01:26:52 PM
 #141

Of course, when old people, people will look for low-risk types of investments such as gold, property or something else, when investing in bitcoin, old people will be depressed when they see the price drop, moreover, they can no longer earn like when they were young, and the best thing is avoid bitcoins.
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May 23, 2023, 03:18:34 PM
 #142

Sometime ago, I helped a 64 year old man build an Ethereum mining rig, but I can't recall the exact date; however, since I became interested in crypto investments, this man is the oldest one I know. I think older men at the age of 70 right now will not see why Bitcoin existed, as they have worked all the days of their lives for Fiat, and they will find it absurd that something valuable as a digital currency exists.

Old people knows about Gold, Silver and other precious stones in their time, but not Bitcoin, they will easily advice their children to invest in gold or stock market, and I won't put the blame on them for not knowing about Bitcoin.

If Bitcoin came around in the 80s or 90s for example, almost all older men and women will at least know about Bitcoin and may probably support it.

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Doan9269
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May 23, 2023, 03:27:40 PM
 #143

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

What benefit does bitcoin have the senior citizens than to use their money to feed themselves and invest it for their children to inherit, when someone is going old, he should be conscious that things he once do before can no longer occur again because of the rapid change in nature due to old age, by then they should only be considering the investment into bitcoin as a safety means to hodl their asset down for their children to meet and not for themselves any longer.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Older people aren't into bitcoin trading because there will be lots of errors and mistakes they will be doing which may cost them loosing their money or develop a heart attack through fear of missing out or lost of asset, there's also ongoing scam that can set a target on the old ones because they may not know how to defend themselves from any of these form of attacks while coming, if you want your older ones to live longer, don't even bring them close to bitcoin or cryptocurrency.
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May 24, 2023, 08:22:06 PM
 #144

Sometime ago, I helped a 64 year old man build an Ethereum mining rig, but I can't recall the exact date; however, since I became interested in crypto investments, this man is the oldest one I know. I think older men at the age of 70 right now will not see why Bitcoin existed, as they have worked all the days of their lives for Fiat, and they will find it absurd that something valuable as a digital currency exists.

Old people knows about Gold, Silver and other precious stones in their time, but not Bitcoin, they will easily advice their children to invest in gold or stock market, and I won't put the blame on them for not knowing about Bitcoin.

If Bitcoin came around in the 80s or 90s for example, almost all older men and women will at least know about Bitcoin and may probably support it.
Not really that shocking on where these oldies do really mostly get involved into on which they would really get used into those traditional things on which it would really be just that a normal approach on having this kind of knowledge about this and if ever there's someone would really be introducing crypto into these people then it would really be that depending on them whether they would
be welcoming on learning from it or would really just be sticking on the things that they've been get used to and it would really be according into someones preference but most of oldies
does really prefer on much safer side.

This is why it wont really be shocking if they would really be ignoring or rejecting that over all crypto idea.Therefore, we cant really make out some conclusion whether they would
be rejecting or not and this is why its situational.
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June 07, 2023, 04:13:22 PM
 #145

It cannot be generalized that all aged parents like or dislike cryptocurrency investing or trading. Their decision may be influenced by factors such as past experience, knowledge of technology, personal preference and fear of risk. It is important to respect the views and decisions of individuals and assist them with a better understanding of cryptocurrencies if they are interested in learning about them.

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June 09, 2023, 04:54:31 AM
 #146

It cannot be generalized that all aged parents like or dislike cryptocurrency investing or trading. Their decision may be influenced by factors such as past experience, knowledge of technology, personal preference and fear of risk. It is important to respect the views and decisions of individuals and assist them with a better understanding of cryptocurrencies if they are interested in learning about them.
Yes, I think if someone wants to get into cryptocurrency, we will explain them about cryptocurrency. But if someone wants to get into investing or trading, they first need to understand that there can be profit and loss in trading.  If someone says he earns money by trading, he has to explain everything first.  Because there are some people who think that trading will always make a profit.

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Bitcoin2009
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June 10, 2023, 01:29:40 PM
 #147

In my opinion, when you are old, it's time to rest and don't be too brave to invest in bitcoin or high-risk cryptocurrencies, it's better to enjoy the results of your job or retire so you don't get heart disease when you see prices dropping like today.
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June 13, 2023, 03:06:27 PM
 #148

The presence of bitcoin can and is easy for anyone to use, and in my opinion old people should be introduced to bitcoin so they can get additional income, usually old people get money from retirees or help from children, if money is used to invest in bitcoin and can get profit of course it won't be a hassle anybody.
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June 14, 2023, 05:51:12 AM
 #149

I don't know if you guys ever personally try but its very hard to communicate with people over 60 and/or 70 in my family and friends circle. Most of them don't even know how digital banking works let alone Bitcoin. I sometimes find very wise and educated old people. I enjoy every minute of discussing Bitcoin with them. I think they should be encouraged to invest in Bitcoin. We may consider that they are already in retirement phase of their lives but why would they waste money? They can get better services (as they will definitely need because they are old) through money they generated from Bitcoin investments.
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July 10, 2023, 02:54:53 PM
 #150

It cannot be generalized that all aged parents like or dislike cryptocurrency investing or trading. Their decision may be influenced by factors such as past experience, knowledge of technology, personal preference and fear of risk. It is important to respect the views and decisions of individuals and assist them with a better understanding of cryptocurrencies if they are interested in learning about them.
Yes, I think if someone wants to get into cryptocurrency, we will explain them about cryptocurrency. But if someone wants to get into investing or trading, they first need to understand that there can be profit and loss in trading.  If someone says he earns money by trading, he has to explain everything first.  Because there are some people who think that trading will always make a profit.
You are right, it is important to understand that trading or investing in cryptocurrencies involves risks and can result in gains or losses. Therefore, a disciplined approach, a good understanding of risk, careful research and good management of emotions are important factors in trading or investing in cryptocurrencies.

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July 10, 2023, 07:39:29 PM
 #151

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion

Internet covers a broader things. If some parents are concerned about their children using internet, that doesn't mean they are also against their using crypto.

Soon we will see crypto become mainstream and with improved technology, crypto may work without internet too.

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July 10, 2023, 08:28:42 PM
 #152

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
The answer to your question is very simple, because at that age of 70, 80 & 90yrs, what an individual need is rest and not stress trying to learn about any new digital currency called Bitcoin, but that doesn't mean they can't have someone to help them invest their funds in Bitcoin (i.e for those who might have had a little clue what its all about). Because Bitcoin has no age limit, and as such can be used by the age as a medium for store of value for their children or grandchildren, while they focus on living a stress free life as they prepare to meet their maker.

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July 10, 2023, 08:48:58 PM
 #153

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
In bitcoin investment and cryptocurrency transactions I don't think that age is a barrier over bitcoin investment because I have seen someone who is above seventy [70] year's that is driving a car and also a contractor, so since the aged person have the knowledge of bitcoin or any other particular business very well, I don't considering the age is not from my perspective, an age is just a number, look at a jetcash that celebrated its birthday of eighty [80) years but it still active in bitcointalk, that alone should show you that age is not a barrier since you what's obtainable

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July 10, 2023, 10:10:50 PM
 #154

Op, I want to draw your attention to something, age is just a number, what matters here as an aged person within the age bracket of 70, or 80 and 90 is being mentally strong. Think about yourself with the experience you got now with modern technology in terms of the use of smartphones and PCs, if age will be a problem during your old age operating smartphones or any advanced technology in the future?.
Bitcoin is meant for everyone to use so far you can understand it.

R


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July 10, 2023, 10:12:48 PM
 #155

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In bitcoin investment and cryptocurrency transactions I don't think that age is a barrier over bitcoin investment because I have seen someone who is above seventy [70] year's that is driving a car and also a contractor, so since the aged person have the knowledge of bitcoin or any other particular business very well, I don't considering the age is not from my perspective, an age is just a number, look at a jetcash that celebrated its birthday of eighty [80) years but it still active in bitcointalk, that alone should show you that age is not a barrier since you what's obtainable
Regardless of their age, it will not be a barrier. I think there will be many people investing above the age of 50 because investing is not like working in an office that has to leave the house to go there but with investing just sitting at home and using a cellphone or laptop, they can do it including old people because there are many who are interested.
In fact, I see now that even people under the age of 20 are interested in bitcoin so this is all age groups once they understand what to invest in including bitcoin or other coins.

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July 10, 2023, 11:12:47 PM
 #156

Op, I want to draw your attention to something, age is just a number, what matters here as an aged person within the age bracket of 70, or 80 and 90 is being mentally strong. Think about yourself with the experience you got now with modern technology in terms of the use of smartphones and PCs, if age will be a problem during your old age operating smartphones or any advanced technology in the future?.
Bitcoin is meant for everyone to use so far you can understand it.
Agreed, age is just a number. Based on the age we cannot segregate the usage of bitcoin and whom should use it. Ageing is common and we're not an exception. Nowadays no parent in their 70, 80, and 90's complaint that their children were using internet. Most people know well that the world have changed and internet is driving the World. Most of the parents who doesn't know to operate a computer feels proud that their son/daughter is using it and working on it. Also it is common that people getting used to the innovation of the era.
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July 11, 2023, 03:32:53 AM
 #157

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.
The age of 70 years may still qualify, but they can't focus too much anymore in front of a tab or laptop because their eyesight is starting to suffer. Bitcoin investment media is available to the public, this fact cannot be disputed, but specifically for those who are over 70 their time is a bit limited to learn to invest in Bitcoin due to age and health factors.
How do they know their children are involved in Bitcoin trading or investing if they don't tell their parents what they are doing, it is impossible for parents to assume something beyond their knowledge about the activities their children are doing.

Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?
Why not, in essence you have to show the results you have gotten from investing in Bitcoin on them. Explain to them in as much detail as possible how to invest in Bitcoin in order to make a profit.
The majority of parents want the best for their children, they will always supervise the activities their children are doing so they don't fall into things that are not right. In the eyes of our parents we are still children even though we are adults, their attention to us cannot be separated from their desire so that children can make their parents proud.

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July 11, 2023, 09:11:08 AM
 #158

Those who come from the older generation have experienced many different experiences in life, starting from Online investing or Offline investing. The bad experiences they've had in the past have taught them to be careful in trusting online investment features, that's normal in my opinion.

Negative assumptions about investment models available on the internet are not entirely wrong according to their experience, naturally they consider all types of online investments to be fraudulent including Bitcoin because based on their past experience and they don't understand how Bitcoin works. To change the negative mindset on Bitcoin requires education for them, children need to open their parents' eyes by providing an understanding equipped with data and the fact that Bitcoin is not like an investment medium like they have done in the past.

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July 11, 2023, 09:22:09 AM
 #159

Parents that are of age, what do we think about then? Do you think they're eligible and learned to learn about bitcoin? Talking about ageing parents of 70, 80, and 90s. Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.
we have already parents members here though like me i am not at that age still yet there are some of presented members here that on that age so better ask them?
Quote
Do you think our ageing parents are into crypto investment or trading? Some of them are sound and intelligent and they can comfortable operates their tabs while relaxing. If they're probably into crypto why are some of them advising their children to diseased from internet?

Let's see brilliant opinion
My mother is a brilliant Lady and indeed she is now a bitcoin investors , i presented this to her for years now but just recently that she completely believe and putting Her monthly pension all in bitcoin( because me and my siblings are providing for her) so she need nothing to use of her own money.









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July 11, 2023, 09:46:23 AM
 #160

You are right, it is important to understand that trading or investing in cryptocurrencies involves risks and can result in gains or losses. Therefore, a disciplined approach, a good understanding of risk, careful research and good management of emotions are important factors in trading or investing in cryptocurrencies.

All the important things that you have mentioned must be owned by traders and investors, because without having and understanding these things, of course they will not have enough patience in trading and investing. This means that once traders and investors have sufficient capital and a good understanding of cryptocurrencies, they must also have patience in dealing with every situation that is happening in the market and this can be obtained through good emotional management.

That is why I consider everything that you say is important and must be owned by those who work as traders and investors, because basically there is nothing easy to get in the crypto space other than having to be able to struggle with any conditions.
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July 11, 2023, 09:51:11 AM
 #161

Those who come from the older generation have experienced many different experiences in life, starting from Online investing or Offline investing. The bad experiences they've had in the past have taught them to be careful in trusting online investment features, that's normal in my opinion.

Negative assumptions about investment models available on the internet are not entirely wrong according to their experience, naturally they consider all types of online investments to be fraudulent including Bitcoin because based on their past experience and they don't understand how Bitcoin works. To change the negative mindset on Bitcoin requires education for them, children need to open their parents' eyes by providing an understanding equipped with data and the fact that Bitcoin is not like an investment medium like they have done in the past.

Educating them is one solution but I don't think it will completely address their misconceptions about bitcoin or cryptocurrencies. The people of our older generation not only have no knowledge of bitcoin, but also do not want to keep up to date with new things. They are skeptical about online investments, and the important thing is that they have a lot of confidence in the government, they believe what the government says more than we do. In my opinion, it is only when the government declares that bitcoin is legal and asks people to use it that generations like our parents and grandparents will believe in bitcoin.

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July 11, 2023, 01:20:57 PM
 #162

Those who come from the older generation have experienced many different experiences in life, starting from Online investing or Offline investing. The bad experiences they've had in the past have taught them to be careful in trusting online investment features, that's normal in my opinion.

Negative assumptions about investment models available on the internet are not entirely wrong according to their experience, naturally they consider all types of online investments to be fraudulent including Bitcoin because based on their past experience and they don't understand how Bitcoin works. To change the negative mindset on Bitcoin requires education for them, children need to open their parents' eyes by providing an understanding equipped with data and the fact that Bitcoin is not like an investment medium like they have done in the past.

Educating them is one solution but I don't think it will completely address their misconceptions about bitcoin or cryptocurrencies. The people of our older generation not only have no knowledge of bitcoin, but also do not want to keep up to date with new things. They are skeptical about online investments, and the important thing is that they have a lot of confidence in the government, they believe what the government says more than we do. In my opinion, it is only when the government declares that bitcoin is legal and asks people to use it that generations like our parents and grandparents will believe in bitcoin.

Older people don't feel safe when they are confronted with something that is outside what they are used to. It is outside what they have been used to for years. So older people would rather not try it at all than try it even once. I think this is the main reason.

It is up to them to turn this situation around. It is not possible for anyone else to do it but themselves. I'm not saying it's impossible, but it can be difficult.

If someone in the family tells them and mentions bitcoin, maybe they'll change their minds. If we talk about today's technology in detail, there is a possibility that their thoughts about security will change. Of course, risks should also be mentioned.
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July 11, 2023, 03:37:11 PM
 #163

I don't know if you guys ever personally try but its very hard to communicate with people over 60 and/or 70 in my family and friends circle. Most of them don't even know how digital banking works let alone Bitcoin. I sometimes find very wise and educated old people. I enjoy every minute of discussing Bitcoin with them. I think they should be encouraged to invest in Bitcoin. We may consider that they are already in retirement phase of their lives but why would they waste money? They can get better services (as they will definitely need because they are old) through money they generated from Bitcoin investments.
The age of 60-70 years is old enough to start Bitcoin knowledge, but knowledge knows no age and can be learned by anyone. However, senile disease will attack them at that age and it is difficult to understand and remember what they have learned again. Telling your parents or grandparents about Bitcoin will be hard enough, it takes some patience. and it also depends on how smart they are. If at a young age they are economists or who like to discuss technology, then they will understand what Bitcoin means. If they started getting involved and investing a long time ago, then they would have the opportunity to make money on Bitcoins and make their living. But if they are new, just know enough and the money is better used for living expenses and some medicines, except for parents who are already rich with lots of assets everywhere.
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July 12, 2023, 02:48:04 AM
 #164

Those who come from the older generation have experienced many different experiences in life, starting from Online investing or Offline investing. The bad experiences they've had in the past have taught them to be careful in trusting online investment features, that's normal in my opinion.

Negative assumptions about investment models available on the internet are not entirely wrong according to their experience, naturally they consider all types of online investments to be fraudulent including Bitcoin because based on their past experience and they don't understand how Bitcoin works. To change the negative mindset on Bitcoin requires education for them, children need to open their parents' eyes by providing an understanding equipped with data and the fact that Bitcoin is not like an investment medium like they have done in the past.

Educating them is one solution but I don't think it will completely address their misconceptions about bitcoin or cryptocurrencies. The people of our older generation not only have no knowledge of bitcoin, but also do not want to keep up to date with new things. They are skeptical about online investments, and the important thing is that they have a lot of confidence in the government, they believe what the government says more than we do. In my opinion, it is only when the government declares that bitcoin is legal and asks people to use it that generations like our parents and grandparents will believe in bitcoin.

Older people don't feel safe when they are confronted with something that is outside what they are used to. It is outside what they have been used to for years. So older people would rather not try it at all than try it even once. I think this is the main reason.

It is up to them to turn this situation around. It is not possible for anyone else to do it but themselves. I'm not saying it's impossible, but it can be difficult.

If someone in the family tells them and mentions bitcoin, maybe they'll change their minds. If we talk about today's technology in detail, there is a possibility that their thoughts about security will change. Of course, risks should also be mentioned.

It's hard to explain to older people about bitcoin technology because not everyone is as fully educated as we are now. Introducing and showing them how to use bitcoin is hard, and even more complicated when you try to discuss the technology with them. Even using a smartphone, my parents have a lot of difficulties, how can I talk about technology or more confusing things about bitcoin with them? It's easy to say, but when you start to teach them bitcoin, you see how difficult it is.

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July 13, 2023, 12:03:25 PM
 #165

Those who come from the older generation have experienced many different experiences in life, starting from Online investing or Offline investing. The bad experiences they've had in the past have taught them to be careful in trusting online investment features, that's normal in my opinion.

Negative assumptions about investment models available on the internet are not entirely wrong according to their experience, naturally they consider all types of online investments to be fraudulent including Bitcoin because based on their past experience and they don't understand how Bitcoin works. To change the negative mindset on Bitcoin requires education for them, children need to open their parents' eyes by providing an understanding equipped with data and the fact that Bitcoin is not like an investment medium like they have done in the past.

Educating them is one solution but I don't think it will completely address their misconceptions about bitcoin or cryptocurrencies. The people of our older generation not only have no knowledge of bitcoin, but also do not want to keep up to date with new things. They are skeptical about online investments, and the important thing is that they have a lot of confidence in the government, they believe what the government says more than we do. In my opinion, it is only when the government declares that bitcoin is legal and asks people to use it that generations like our parents and grandparents will believe in bitcoin.

Older people don't feel safe when they are confronted with something that is outside what they are used to. It is outside what they have been used to for years. So older people would rather not try it at all than try it even once. I think this is the main reason.

It is up to them to turn this situation around. It is not possible for anyone else to do it but themselves. I'm not saying it's impossible, but it can be difficult.

If someone in the family tells them and mentions bitcoin, maybe they'll change their minds. If we talk about today's technology in detail, there is a possibility that their thoughts about security will change. Of course, risks should also be mentioned.

It's hard to explain to older people about bitcoin technology because not everyone is as fully educated as we are now. Introducing and showing them how to use bitcoin is hard, and even more complicated when you try to discuss the technology with them. Even using a smartphone, my parents have a lot of difficulties, how can I talk about technology or more confusing things about bitcoin with them? It's easy to say, but when you start to teach them bitcoin, you see how difficult it is.

well that’s reasonable. older people tends to neagte and cope to the chages on their environment especially in speaking of technology. What more then when you introduce bitcoin and cryptocurrencies. It is the the evolution of web development is it? so instead of learning they would insateaf say, “i’m too old for that”, it’s only for the young” . They ratuonalize and sabotage themselves.

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July 13, 2023, 10:39:32 PM
 #166

I don't know if you guys ever personally try but its very hard to communicate with people over 60 and/or 70 in my family and friends circle. Most of them don't even know how digital banking works let alone Bitcoin. I sometimes find very wise and educated old people. I enjoy every minute of discussing Bitcoin with them. I think they should be encouraged to invest in Bitcoin. We may consider that they are already in retirement phase of their lives but why would they waste money? They can get better services (as they will definitely need because they are old) through money they generated from Bitcoin investments.
The age of 60-70 years is old enough to start Bitcoin knowledge, but knowledge knows no age and can be learned by anyone. However, senile disease will attack them at that age and it is difficult to understand and remember what they have learned again. Telling your parents or grandparents about Bitcoin will be hard enough, it takes some patience. and it also depends on how smart they are. If at a young age they are economists or who like to discuss technology, then they will understand what Bitcoin means. If they started getting involved and investing a long time ago, then they would have the opportunity to make money on Bitcoins and make their living. But if they are new, just know enough and the money is better used for living expenses and some medicines, except for parents who are already rich with lots of assets everywhere.

The old can still learn about Bitcoin if they are so much interested in it. Learning Bitcoin should only not to be for the youth but for the children and the adults. The adult too can learn and understand the basics of cryptocurrency even though they are old. There are still people that can read and write at there old age. Bitcoin education is supposed to be for everyone and no discrimination whether a person is old or too small to learn what Bitcoin could be all about. The old shoudl not be left out of Bitcoin education except they have memory problems they are treating which will make them forget things easily.









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July 13, 2023, 11:40:43 PM
 #167

Those who come from the older generation have experienced many different experiences in life, starting from Online investing or Offline investing. The bad experiences they've had in the past have taught them to be careful in trusting online investment features, that's normal in my opinion.

Negative assumptions about investment models available on the internet are not entirely wrong according to their experience, naturally they consider all types of online investments to be fraudulent including Bitcoin because based on their past experience and they don't understand how Bitcoin works. To change the negative mindset on Bitcoin requires education for them, children need to open their parents' eyes by providing an understanding equipped with data and the fact that Bitcoin is not like an investment medium like they have done in the past.

Educating them is one solution but I don't think it will completely address their misconceptions about bitcoin or cryptocurrencies. The people of our older generation not only have no knowledge of bitcoin, but also do not want to keep up to date with new things. They are skeptical about online investments, and the important thing is that they have a lot of confidence in the government, they believe what the government says more than we do. In my opinion, it is only when the government declares that bitcoin is legal and asks people to use it that generations like our parents and grandparents will believe in bitcoin.

Older people don't feel safe when they are confronted with something that is outside what they are used to. It is outside what they have been used to for years. So older people would rather not try it at all than try it even once. I think this is the main reason.

It is up to them to turn this situation around. It is not possible for anyone else to do it but themselves. I'm not saying it's impossible, but it can be difficult.

If someone in the family tells them and mentions bitcoin, maybe they'll change their minds. If we talk about today's technology in detail, there is a possibility that their thoughts about security will change. Of course, risks should also be mentioned.

It's hard to explain to older people about bitcoin technology because not everyone is as fully educated as we are now. Introducing and showing them how to use bitcoin is hard, and even more complicated when you try to discuss the technology with them. Even using a smartphone, my parents have a lot of difficulties, how can I talk about technology or more confusing things about bitcoin with them? It's easy to say, but when you start to teach them bitcoin, you see how difficult it is.

well that’s reasonable. older people tends to neagte and cope to the chages on their environment especially in speaking of technology. What more then when you introduce bitcoin and cryptocurrencies. It is the the evolution of web development is it? so instead of learning they would insateaf say, “i’m too old for that”, it’s only for the young” . They ratuonalize and sabotage themselves.
Still depend on a certain individual because not all would really be that having open minded when it comes to technology or things that changed and some of them would really be sticking on what they had been able to get used to on which there are individuals which would really be that close minded and there would be those who do easily adapt if ever there's something new that they would encounter. When it comes to the idea on this cryptospace on which there's no limit about age or gender you do have.  This is why there's no limitation or prohibition on whose and whose not would be able to engage with crypto. This is open for anyone
and you could freely engage as you do like and as long you do want and preferred. There are really just that people who are really that cant accept or welcome new ideas or changes that they encounter
and stick into those old fashioned ways. Just let them be and dont force them if ever they would really be refusing on doing so.

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July 15, 2023, 02:44:52 PM
 #168

Bitcoin is an easy thing, the presence of Multi Wallet applications on Android, for example Trustwallet, makes it easy for us to buy and sell, even old people can also be easy for investment Bitcoin because many old people are still active and do negative activities such as gambling.


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July 15, 2023, 02:56:18 PM
 #169

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July 18, 2023, 11:02:34 AM
 #170

There is no age in bitcoin learning it can be learned by people at any age if they have common sense. There are many people who are now very old but they are associated with this virtual currency. But where I live no older person has zero idea about this Bitcoin. They don't know anything about bitcoin and they don't want to know about it. Older people don't believe in these digital currencies. They can't explain why they don't have any inclination on digital currency they will tell them to invest in Bitcoin. However, those who have some idea about cryptocurrencies today may be able to make a good move towards Bitcoin in the future.

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savetheFORUM
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July 20, 2023, 06:03:15 PM
 #171

There is no age in bitcoin learning it can be learned by people at any age if they have common sense. There are many people who are now very old but they are associated with this virtual currency. But where I live no older person has zero idea about this Bitcoin. They don't know anything about bitcoin and they don't want to know about it. Older people don't believe in these digital currencies. They can't explain why they don't have any inclination on digital currency they will tell them to invest in Bitcoin. However, those who have some idea about cryptocurrencies today may be able to make a good move towards Bitcoin in the future.
Yes, that is true. Even the kids now are being encourage to get involved as early as they can so that they can ingest a lot of knowledge the moment they are on the right age to trade a crypto. On what place do you live? Maybe Bitcoin there is not as popular as the others or it also has a restriction like it is only accepted as an asset and not as a currency.

Some countries has this status of BTC as well. For now they can say that they won't bother learning it but maybe when the status of BTC changes in your country and many people tried and use it, their views about it might also change. Many of us are like that and we even regret later on for joining late.
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July 20, 2023, 09:28:08 PM
 #172

Yes, that is true. Even the kids now are being encourage to get involved as early as they can so that they can ingest a lot of knowledge the moment they are on the right age to trade a crypto. On what place do you live? Maybe Bitcoin there is not as popular as the others or it also has a restriction like it is only accepted as an asset and not as a currency.

Some countries has this status of BTC as well. For now they can say that they won't bother learning it but maybe when the status of BTC changes in your country and many people tried and use it, their views about it might also change. Many of us are like that and we even regret later on for joining late.
In this case I think it's never too late for someone to learn Bitcoin and Invest in Bitcoin. If you look at Saylor he was a Bitcoin opponent before but he learned a lot behind the scenes so in this period we have seen Saylor already has a lot of Btc that he buys. Saylor is old and he is not too late is it. So that's what I can conclude if they go deeper then Bitcoin is a wise investment that they can apply.

Even in several other threads I have seen that many students or those who are still in education have studied Bitcoin and learned to invest in Bitcoin. I think the era is getting ahead in the future so if they delay learning Bitcoin then they are getting left behind in today modern era.

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July 20, 2023, 11:07:55 PM
 #173

Bitcoin is an easy thing, the presence of Multi Wallet applications on Android, for example Trustwallet, makes it easy for us to buy and sell, even old people can also be easy for investment Bitcoin because many old people are still active and do negative activities such as gambling.
I will start from wallet you mentioned I don't think with a trust wallet you can buy a bitcoin through a trust wallet, what I believe in trust wallet is that is a place where you can keep the coins you buy, you can only sell your coin in trust wallet through p2p but the icon  of trust or the platform of trust wallet have not used to notify some people to sell bitcoins and any other coin before. For the gambling, it is not meant for old people alone, I dispute the fact, because gambling is for everyone that is up to adult and it doesn't have a categories for the way I understand gambling and people who participate in gambling.

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July 21, 2023, 11:36:43 AM
 #174

There is no age in bitcoin learning it can be learned by people at any age if they have common sense. There are many people who are now very old but they are associated with this virtual currency. But where I live no older person has zero idea about this Bitcoin. They don't know anything about bitcoin and they don't want to know about it. Older people don't believe in these digital currencies. They can't explain why they don't have any inclination on digital currency they will tell them to invest in Bitcoin. However, those who have some idea about cryptocurrencies today may be able to make a good move towards Bitcoin in the future.
Could it be due to economic factors? I mean people from low economic circles don't really understand technology because they have limited access to the internet so let alone for the old even for young people they find it difficult to know about the latest technology where we know that Bitcoin is also about technology, if they are interested in everything about the latest technology then it will be very possible to be interested in knowing about Bitcoin, but the obstacle faced is the internet so we can see there are many people in the world who are left behind about the latest technology because the internet is not yet available there.

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July 21, 2023, 12:36:34 PM
 #175

Bitcoin is an easy thing, the presence of Multi Wallet applications on Android, for example Trustwallet, makes it easy for us to buy and sell, even old people can also be easy for investment Bitcoin because many old people are still active and do negative activities such as gambling.
I will start from wallet you mentioned I don't think with a trust wallet you can buy a bitcoin through a trust wallet, what I believe in trust wallet is that is a place where you can keep the coins you buy, you can only sell your coin in trust wallet through p2p but the icon  of trust or the platform of trust wallet have not used to notify some people to sell bitcoins and any other coin before. For the gambling, it is not meant for old people alone, I dispute the fact, because gambling is for everyone that is up to adult and it doesn't have a categories for the way I understand gambling and people who participate in gambling.
Yes, not only old people but all kinds of people are considered here for gambling, they do not have any fixed age. Since trust wallet is a decentralized based platform, it is not as secure as other wallets. Buying crypto currency especially Bitcoin from our country has not yet become easy. But it is expected that this feature will be launched very soon, but you can do other tasks very easily. Also trust wallet is not available in all countries trust wallet is not compatible with all exchanges.

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Davian144
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July 21, 2023, 02:39:18 PM
 #176

Bitcoin is an easy thing, the presence of Multi Wallet applications on Android, for example Trustwallet, makes it easy for us to buy and sell, even old people can also be easy for investment Bitcoin because many old people are still active and do negative activities such as gambling.
Easy to use but not easy to get except for those who have more money so they can immediately buy with the abilities they have. For wallet matters, I think it really depends on one's needs in using it, because if someone just wants to store Bitcoins for a long term, the more appropriate choice of wallet is Electrum. But if someone whose needs are more towards commerce, then it is fine if he chooses Trustwallet for that usage, but I would not suggest him to store Bitcoins long term in Trustwallet.
jostorres
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July 21, 2023, 02:44:10 PM
 #177

There is no age in bitcoin learning it can be learned by people at any age if they have common sense. There are many people who are now very old but they are associated with this virtual currency. But where I live no older person has zero idea about this Bitcoin. They don't know anything about bitcoin and they don't want to know about it. Older people don't believe in these digital currencies. They can't explain why they don't have any inclination on digital currency they will tell them to invest in Bitcoin. However, those who have some idea about cryptocurrencies today may be able to make a good move towards Bitcoin in the future.
The future is for young people, old people are living in their future, so they can't say that they would invest in the future if they find it has potential, though we can say that they can take a decision in the near future about what they want to do, but they can't wait for the extant future because we never know what will happen and they have already lived almost most part of their lives, so an old person who doesn't raise any interest is simply not interested.

Another reason why old people don't like or trust cryptocurrencies or digital currencies is that they have lived their lives without much technology and have used traditional financial systems for their whole lives, so they would probably not start believing in something new all of a sudden, especially if it's something which is difficult for them to learn.

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serjent05
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July 21, 2023, 11:57:13 PM
 #178

There is no age in bitcoin learning it can be learned by people at any age if they have common sense. There are many people who are now very old but they are associated with this virtual currency. But where I live no older person has zero idea about this Bitcoin. They don't know anything about bitcoin and they don't want to know about it. Older people don't believe in these digital currencies. They can't explain why they don't have any inclination on digital currency they will tell them to invest in Bitcoin. However, those who have some idea about cryptocurrencies today may be able to make a good move towards Bitcoin in the future.
Yes, that is true. Even the kids now are being encourage to get involved as early as they can so that they can ingest a lot of knowledge the moment they are on the right age to trade a crypto. On what place do you live? Maybe Bitcoin there is not as popular as the others or it also has a restriction like it is only accepted as an asset and not as a currency.

I still think that it is not right to make 12 years old and below get involved in Bitcoin.  I think it is best for them to focus on schooling since they will get to know about Bitcoin in their later age.  For that age, these kids has no power to invest nor decide to participate in the Bitcoin economy.  We are just putting pressure to these kids, I do not know how a person thinks that kids at this age should be involved in Bitcoin. 

Some countries has this status of BTC as well. For now they can say that they won't bother learning it but maybe when the status of BTC changes in your country and many people tried and use it, their views about it might also change. Many of us are like that and we even regret later on for joining late.

Some countries are neutral on Bitcoin, since they don't know what to do with Bitcoin yet, and are still under the status of learning about Bitcoin and its effect on their country's economy.

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Reatim
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July 22, 2023, 01:15:56 AM
 #179

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Do you think our ageing parents are into crypto investment or trading?

Let's see brilliant opinion
\if you are active in this forum then you should have already crossed that there are so many parents that already investing ,using and holding crypto specially bitcoin and even some prominent members here are already of age (considering me and many of my friends are also parents) your question seems to be a teenage question that trying to learn if how many are aging and youngsters in this market.
but what I can tell you? even my uncles and aunts are already crypto investors.









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