Is it worth it to teach older people about bitcoin technology?

[rachael9385]

At some point those that are not yet an investor that will get older in future they can still invest in Bitcoin because Bitcoin he no rules like gambling that says 18+ year are eligible but under 28+ years are not so which means even if an individual is up to 99 years or 10 years you can still invest in Bitcoin as long as you understand the meaning of bitcoin and you can differentiate between bitcoin and altcoins.
Parents these day invest in Bitcoin for  their children sake so they can will their investigations to the children when they are gone, like @victorybit1 shared already did in her thread early bitcoin investment for my baby so is not a bad idea for elderly ones to know about Bitcoin because even their children benefits from it.

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[Vaskiy]

Based on the survey taken among the older people(50+ years of age), 25% have shown interest upon the young generations investment choice. Bitcoin is on the list and they are much concerned to have it on their early retirement plans. This is not based on the entire old generation, the data is based on people from the western nation. There is interest among the older people and wherever it is possible we need to find the interested person's and teach them what we know about bitcoin. Someday what we taught could help in contributing to bitcoin investment.

[WillyAp]

Bitcoin had a capacity to make the poor to rich,So the old people will have a good savings in their old ages.So they can multiple the money by using the cryptocurrency investment.Now the bitcoin price was in the bear market,So the old people can inverse in the bitcoin for the good profit.The old people can adapt the market changes because of the experience due to their ages.Some old people will not accept any new investments using their money and try to hold money in term of fiat.

Who knows where Bitcoin stands in 20 years?
Its wise not to be too unflexible in all things money

[Blitzboy]

Based on the survey taken among the older people(50+ years of age), 25% have shown interest upon the young generations investment choice. Bitcoin is on the list and they are much concerned to have it on their early retirement plans. This is not based on the entire old generation, the data is based on people from the western nation. There is interest among the older people and wherever it is possible we need to find the interested person's and teach them what we know about bitcoin. Someday what we taught could help in contributing to bitcoin investment.

25% of Western seniors are awakening? So intriguing. They should have realized how drastically the economy has changed. Bitcoin is the future of our financial systems, not just a trend! Its humorous and sad that they needed a survey to figure this out.

Older individuals are only now learning about Bitcoin because they've been ignorant for so long. What will you instruct? We should; not out of sympathy, but because is important. The digital age is coming, and anyone who doesnt know about it is at risk, regardless of age.

Find interested folks and teach them without spoiling them. Repeat Bitcoin's importance and position in the financial system. What about the rest? Let them keep their old money beliefs. Their error.

[Questat]

Bitcoin has captured the center of attention, especially with the younger generations showing keen interest in it. Yet, there are those who believe that teaching older individuals about it might not be a wise investment of time. However, we must ponder: does it carry value? This conversation revolves around the question of whether it's worthwhile to educate older generations about bitcoin.

Why not, there is no age limit for teaching Bitcoin even to older people. The capacity of Bitcoin is not only for certain circles, as long as these people are willing to accept Bitcoin in their life, they can receive knowledge about Bitcoin and then get involved in it. The openness of Bitcoin to anyone will make it easier for people who are interested to become part of the investors who have been involved in Bitcoin investment for a long time. As long as they are able to take the time to learn how to invest in Bitcoin there will be no useless knowledge.

Learning and teaching Bitcoin is not just a trend but we are spreading the right information in order to correct wrong information that has spread mostly in the social. Although teaching oldies was not really important but we also let them gain knowledge about Bitcoin because it was their right as well. As long as they have an interest in Bitcoin, the more we have to spend time teaching them because this would give a huge impact on the community and could also be shared with their family. Maybe it was a big challenge for them because of the technology use but I see how helpful it was to promote Bitcoin when these oldies are already believe it.

[Twentyonepaylots]

Learning and teaching Bitcoin is not just a trend; we are spreading the right information to correct wrong information that has spread mostly in the social. Although teaching oldies was not really important but we also let them gain knowledge about Bitcoin because it was their right as well. As long as they have an interest in Bitcoin, the more we have to spend time teaching them because this would give a huge impact on the community and could also be shared with their family. Maybe it was a big challenge for them because of the technology use but I see how helpful it was to promote Bitcoin when these oldies are already believe it.

We should spread the correct information about Bitcoin and cryptocurrency, not just in the old generation but in every generation, to prevent the misconception that Bitcoin is only used for money laundering, investment scams, and other fraudulent information. Teaching them is not mandatory, and we should open it up to everyone whenever we converse with older adults or other generations. We should also limit ourselves from always talking about bitcoin investment because you will only look like it is shilling bitcoin to them. We should only make conversations about Bitcoin for those interested in learning more about it so that it would be a good use of our time explaining it to them without getting ignored.

[Agbe]

Bitcoin has captured the center of attention, especially with the younger generations showing keen interest in it. Yet, there are those who believe that teaching older individuals about it might not be a wise investment of time. However, we must ponder: does it carry value? This conversation revolves around the question of whether it's worthwhile to educate older generations about bitcoin.

The younger generation have the interest more than the older ones. When you look around in your locality, you will find out that old people are not interested and some of them even hate the technology. So if you want to teach them, you have to ask them if they are interested and also tell them the risk involved so when they come in to the new technology, then they will not panic when the goes below their investment line. Teaching elders on bitcoin is very good, because their campaign on bitcoin will have much effect than the youth. The government might listen to them faster than the youth.

[serjent05]

Bitcoin has captured the center of attention, especially with the younger generations showing keen interest in it. Yet, there are those who believe that teaching older individuals about it might not be a wise investment of time. However, we must ponder: does it carry value? This conversation revolves around the question of whether it's worthwhile to educate older generations about bitcoin.

The younger generation have the interest more than the older ones. When you look around in your locality, you will find out that old people are not interested and some of them even hate the technology. So if you want to teach them, you have to ask them if they are interested and also tell them the risk involved so when they come in to the new technology, then they will not panic when the goes below their investment line. Teaching elders on bitcoin is very good, because their campaign on bitcoin will have much effect than the youth. The government might listen to them faster than the youth.

In my circle of activity, the majority of the first ones to hop into Bitcoin investment are the older people that have money to invest in Bitcoin.  While young adults are busy playing and preparing themselves to be independent by looking for and acquiring jobs, these old people are pouring their wealth into Bitcoin investments. 

Teaching youth is for Bitcoin to be established in the next generation, it still needs to take time for these youth to flourish, but the need for Bitcoin economic activity is now and people who have funds will be a great help in strengthening the economy and liquidity of the Bitcoin market and to be able to fulfill these needs people who had established themselves and have funds to invest.

It may be harder to convince conservative adults but once they become interested, they will surely inject funds to the market.

[MJSO22]

Bitcoin has captured the center of attention, especially with the younger generations showing keen interest in it. Yet, there are those who believe that teaching older individuals about it might not be a wise investment of time. However, we must ponder: does it carry value? This conversation revolves around the question of whether it's worthwhile to educate older generations about bitcoin.

The younger generation have the interest more than the older ones. When you look around in your locality, you will find out that old people are not interested and some of them even hate the technology. So if you want to teach them, you have to ask them if they are interested and also tell them the risk involved so when they come in to the new technology, then they will not panic when the goes below their investment line. Teaching elders on bitcoin is very good, because their campaign on bitcoin will have much effect than the youth. The government might listen to them faster than the youth.

In my circle of activity, the majority of the first ones to hop into Bitcoin investment are the older people that have money to invest in Bitcoin.  While young adults are busy playing and preparing themselves to be independent by looking for and acquiring jobs, these old people are pouring their wealth into Bitcoin investments. 

It may be harder to convince conservative adults but once they become interested, they will surely inject funds to the market.

Older people know more about Bitcoin because older people already know about Bitcoin, while young people are learning more about Bitcoin.  Today's youth are also becoming very interested and are starting to invest in Bitcoin.  As time goes on the youth will become more and more interested, a day will come when the youth will not understand anything about money and all lending will be through Bitcoin.  All kinds of things will be bought and sold through Bitcoin. 

[Bazzu]

Teaching the old about Bitcoin Technology is a great idea,with that it make them enjoy their oldage more, and their children and Grandchildren will also benefit from it ☺

Yes, I agree with your opinion, and indeed there is nothing wrong if we teach parents about BTC, as long as the person who teaches BTC must explain to parents about the benefits of investing in BTC and also the risks of investing in BTC and teaching must be patient and wise. and in my opinion, parents of course have to tell their children that he invested in btc and if he dies his children will certainly know that his parents invested in btc. so basically if parents invest in btc in my opinion it will be even better if they are guided by their children.

[laurenB7742]

Bitcoin has captured the center of attention, especially with the younger generations showing keen interest in it. Yet, there are those who believe that teaching older individuals about it might not be a wise investment of time. However, we must ponder: does it carry value? This conversation revolves around the question of whether it's worthwhile to educate older generations about bitcoin.

The younger generation have the interest more than the older ones. When you look around in your locality, you will find out that old people are not interested and some of them even hate the technology. So if you want to teach them, you have to ask them if they are interested and also tell them the risk involved so when they come in to the new technology, then they will not panic when the goes below their investment line. Teaching elders on bitcoin is very good, because their campaign on bitcoin will have much effect than the youth. The government might listen to them faster than the youth.

In my circle of activity, the majority of the first ones to hop into Bitcoin investment are the older people that have money to invest in Bitcoin.  While young adults are busy playing and preparing themselves to be independent by looking for and acquiring jobs, these old people are pouring their wealth into Bitcoin investments. 

Teaching youth is for Bitcoin to be established in the next generation, it still needs to take time for these youth to flourish, but the need for Bitcoin economic activity is now and people who have funds will be a great help in strengthening the economy and liquidity of the Bitcoin market and to be able to fulfill these needs people who had established themselves and have funds to invest.

It may be harder to convince conservative adults but once they become interested, they will surely inject funds to the market.

The opposite is happening in my area, young people are more interested in bitcoin because they also want to make money and become rich and they like to take risks to discover new things. Meanwhile, the elderly have money but do not like to take risks and are not ready to accept new things, especially those that have not been recognized by the government.

But I agree with you, convincing older people is a bit difficult but once they are interested they are more enthusiastic than young people. And their words will be worth more than young people who don't have much money yet, so we shouldn't neglect to introduce bitcoin to older people. They will also be the ones who contribute to the popularity of bitcoin.

[Blitzboy]

Bitcoin has captured the center of attention, especially with the younger generations showing keen interest in it. Yet, there are those who believe that teaching older individuals about it might not be a wise investment of time. However, we must ponder: does it carry value? This conversation revolves around the question of whether it's worthwhile to educate older generations about bitcoin.

The younger generation have the interest more than the older ones. When you look around in your locality, you will find out that old people are not interested and some of them even hate the technology. So if you want to teach them, you have to ask them if they are interested and also tell them the risk involved so when they come in to the new technology, then they will not panic when the goes below their investment line. Teaching elders on bitcoin is very good, because their campaign on bitcoin will have much effect than the youth. The government might listen to them faster than the youth.

In my circle of activity, the majority of the first ones to hop into Bitcoin investment are the older people that have money to invest in Bitcoin.  While young adults are busy playing and preparing themselves to be independent by looking for and acquiring jobs, these old people are pouring their wealth into Bitcoin investments. 

Teaching youth is for Bitcoin to be established in the next generation, it still needs to take time for these youth to flourish, but the need for Bitcoin economic activity is now and people who have funds will be a great help in strengthening the economy and liquidity of the Bitcoin market and to be able to fulfill these needs people who had established themselves and have funds to invest.

It may be harder to convince conservative adults but once they become interested, they will surely inject funds to the market.

Even if those "elderly" people may be wealthy, they are simply putting their money where their mouth is at this point because they have had the opportunity to amass fortune rather than necessarily knowledge. Do you believe that the elderly hold Bitcoin's foundation in tenuous hands? Reconsider your position

The youth will lead this movement, despite the fact that they are distracted. Being "established" is not important; what matters is being fearless, creative, and eager to adapt. When one rides the wild wave of volatility and acknowledges hazards, one is playing the real game. So, the true winners in elder investment are merely a sideshow? still outside the ring

[bayu7adi]

As one matures, their ability to make wiser decisions tends to grow. There's absolutely nothing amiss about imparting knowledge of Bitcoin to individuals aged 50 or above; they still have the potential to spring surprises despite the advancing years.

In fact, you might even come across someone akin to a superior version of John McAfee. Individuals as senior as he was have demonstrated the capacity to send shockwaves through the market and wield significant influence over its fluctuations. Let's not dwell on the negatives associated with his actions; rather, let's contemplate the prowess of the older generation in stirring things up within the realm of crypto. This signifies their possession of substantial power.

[CryptoHeadlineNews]

Teaching the old about Bitcoin Technology is a great idea,with that it make them enjoy their oldage more, and their children and Grandchildren will also benefit from it ☺

Yes, the idea could be great, and most times not be great, depending on the individual (i.e vice versa), but however, age is never be a barrier when it comes to investing (i.e be it BTC, Gold or Real Estate), and as such should be encouraged at all levels, since nobody knows when he/she is gonna kick-the-bucket for good. Because Bitcoin has proven to be an asset whose value grow over time, and as that, makes it a better option than investing in fiat currencies whose value pro to depreciate over time due to government's non-favourable policies. So the old should never be discourage in as much as they have the fund to invest.

[LittleBitFunny]

As one matures, their ability to make wiser decisions tends to grow. There's absolutely nothing amiss about imparting knowledge of Bitcoin to individuals aged 50 or above; they still have the potential to spring surprises despite the advancing years.

In fact, you might even come across someone akin to a superior version of John McAfee. Individuals as senior as he was have demonstrated the capacity to send shockwaves through the market and wield significant influence over its fluctuations. Let's not dwell on the negatives associated with his actions; rather, let's contemplate the prowess of the older generation in stirring things up within the realm of crypto. This signifies their possession of substantial power.

What about 70-80 year olds? I remember there was a member on our forum with the username @Jet Cash and he was over 80 years old but still a passionate bitcoin investor. He even inspires young investors with his great bitcoin knowledge. So I think bitcoin is for everyone, regardless of skin color, rich or poor, young or old...as long as they also have a passion for bitcoin. All have a right to know about bitcoin.

Moreover, older people are usually more serious in their decisions, once they have liked bitcoin, they will be more enthusiastic than younger people, young people are adventurous, but sometimes their stance is uncertain.

[TheUltraElite]

Teaching the old about Bitcoin Technology is a great idea,with that it make them enjoy their oldage more, and their children and Grandchildren will also benefit from it ☺

And when they being tech-poor lose the money, then who is to blame? I dont disagree that the same cannot happen with fiat money, but seeing the trust issues and paranoia that hovers on bitcoin and the market price changes that happen, I dont think an older person with multiple diseases and a failing heart and brain would be able to play along for long.

If they are themselves interested in it and have some tech background, it might be worth it. Hence it is personalized approach, not every grandparent is suited for it.

[Vaculin]

Everyone deserves to learn about bitcoin. Regardless if they have the deep interest to acquire bitcoin learning, or not, at least they will be aware that bitcoin exists. I think it’s not really a must that people should actually learn bitcoin intensively, as long as they will know the basics about bitcoin and how to use it as a currency or as a tool for investment, that would be enough. After all, success is not measured how well you learned about its technology, but how did you make use of it with the right mindset and attitude that are crucial for success.

[WillyAp]

What about 70-80 year olds? I remember there was a member on our forum with the username @Jet Cash and he was over 80 years old but still a passionate bitcoin investor. He even inspires young investors with his great bitcoin knowledge. So I think bitcoin is for everyone, regardless of skin color, rich or poor, young or old...as long as they also have a passion for bitcoin. All have a right to know about bitcoin.

I think once you open your mind, age stops being a factor.
Sure you need to do more to halt decay but still your mind keeps you young. Maturity also has the benefit of experience. A plus in credibility, so to say.

[Solokan]

What about 70-80 year olds? I remember there was a member on our forum with the username @Jet Cash and he was over 80 years old but still a passionate bitcoin investor. He even inspires young investors with his great bitcoin knowledge. So I think bitcoin is for everyone, regardless of skin color, rich or poor, young or old...as long as they also have a passion for bitcoin. All have a right to know about bitcoin.

I think once you open your mind, age stops being a factor.
Sure you need to do more to halt decay but still your mind keeps you young. Maturity also has the benefit of experience. A plus in credibility, so to say.

yes indeed there are times when maturity is formed from experience, and I'm sure there must be many btc investors who fail and eventually get back up and become successful
for learning from experience.
so investing in btc is of course for everyone, namely for those who are interested in investing in btc. so giving lessons about btc to old people is of course a good thing, as long as those people are willing to listen to people who teach about btc. so teaching btc lessons to young and old alike is a good thing.

[coinerer]

Bitcoin has captured the center of attention, especially with the younger generations showing keen interest in it. Yet, there are those who believe that teaching older individuals about it might not be a wise investment of time. However, we must ponder: does it carry value? This conversation revolves around the question of whether it's worthwhile to educate older generations about bitcoin.

Bitcoin certainly carries a value, but its value is never stable.  And since older people have very little knowledge about technology, they will not be interested in Bitcoin very easily. If you tell older people about the benefits of Bitcoin, they might be interested in investing here, but they can't afford the losses. So I don't think it would be very logical to educate older people about Bitcoin.  It would be better if the youth get more knowledge about Bitcoin then Bitcoin will automatically spread to the next generation.