Is ageing and old people part of bitcoin?

[harapan]

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.

[Rasa nanas]

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.

[Pujangga]

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.

[Lida93]

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.

[pixie85]

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.

[Yatsan]

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.

[bestcoins1]

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.

[Oasisman]

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.

[fuguebtc]

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.

[AnonBitCoiner]

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.

[milewilda]

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.

[Wend]

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.

[bettercrypto]

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..

* Can internet give sick to everyone?

[OgNasty]

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.

[Baoo]

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.

[AakZaki]

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

[Agbe]

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.

[justdimin]

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.

[Wong Gendheng]

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.

[mvdheuvel1983]

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.