Crypto & Older Generation

[goldkingcoiner]

We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.

Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience. 

We humans are all the same. Because our values are based on nostalgia. I am not saying that all old people act like that. But many do. Fear the new and love the known. And maybe one day, something greater than crypto will be developed. Our generation is not going to want to leave crypto behind and adopt it instead, no matter how good the arguments are for the switch.

I can only hope to always try and learn new things when I get older, because living in the past is not a good way to live. Older people could be much happier living in modern times than in nostalgia but that depends on their character.

[Hadari334]

We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.

Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience. 

I don't think it's jealousy, I think when you reach a certain point in life you value comfort and you'd rather things don't change too much. Plus, they probably don't understand the technology, they barely know how to use the internet how can you expect them to comprehend digital money?

[Ndabagi01]

We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.

I don't see why an older person should feel bad about the young people who are succeeding in cryptocurrency. If they missed out on it in its early stages, they can still participate now because cryptocurrency has no age limit on who can benefit from it. If they believe the technology is too advanced for them to use, they can encourage their children to learn about it because their brains can handle it. Crypto is not a scam, and many older generations are already aware of it; anyone who claims it is a scam is simply jealous and does not want others to benefit from it because they missed out on it in the early stages of adoption.

[Y3shot]

We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.

Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience. 

We humans are all the same. Because our values are based on nostalgia. I am not saying that all old people act like that. But many do. Fear the new and love the known. And maybe one day, something greater than crypto will be developed. Our generation is not going to want to leave crypto behind and adopt it instead, no matter how good the arguments are for the switch.

I can only hope to always try and learn new things when I get older, because living in the past is not a good way to live. Older people could be much happier living in modern times than in nostalgia but that depends on their character.

I don't think if a new innovation comes this generation will be reluctant to accept it, one thing about this generation is that they are friendly with new innovation, if anythings comes out that will be of value this generation will accept it. The older people are not used to things that are related to Internet,  digital stuff, but this new generation will even cope with new innovation.  The people of old believes in what they can see with their eyes, touch and feel.

[Hispo]

I mean. It is not a secret that Bitcoin and alternative currencies are about technological innovation and decentralized networks. The older the person is, the less tech savvy that person is. It is obvious the youngest generations are more prone to adapt to technology and internet in general, since the have grown up with it.
It is not exclusively about age, anyone, regardless of their age is supposed to be able to conduct their own research and and realize what projects/coins are scams and what ones are legitimate.

Eventually, as Bitcoin becomes more widespread, more people will think positively of it. Some will believe it is a currency, others in the other hand will see Bitcoin as an speculative vehicle.

[Jegileman]

We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.

Any adult that feel jealousy for the younger generations because they’re making millions through crypto must be inhumane and can be very dangerous to hang around with. This technology has equipped the young ones to find a means of fending for themselves in a world that is evolving to be digitalised. If the youngsters don’t take advantage of it, what will be their gain to be in that time of evolving technology?

This is the time for the youngsters as their own time has passed and if they can’t suit in here, they shouldn’t bad mouth it. After all, crypto is designed for all to embrace and not just for one class or set of people, so I see nothing wrong in them seeing it from another perspective that will bring hatred to the young ones that are already into it.

Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.  

It is like that in most regions. I feel most of them don’t want to get into bitcoin because they feel it is for the younger generations and their brains cannot withstand the consensus on which it was designed on. They just assume they’re not literate enough to use the currency.

[Fiasem20]

I must say that the older generation don't have interest in cyptro because it looks scammy to them.They are exposed to fiat currency means of exchange,so cyptro look strange to them as it is stored in a digital wallet.Those older generation that knows the value of cyptro are investing and making huge gain.Older generation that feel reluctant about cyptro in my country are in their 60s to 70s.

[Gozie51]

I must say that the older generation don't have interest in cyptro because it looks scammy to them.They are exposed to fiat currency means of exchange,so cyptro look strange to them as it is stored in a digital wallet.Those older generation that knows the value of cyptro are investing and making huge gain.Older generation that feel reluctant about cyptro in my country are in their 60s to 70s.

The older people simply don't know how to go about cryptocurrency and also the internet looks like a challenge to them but they may not tell you this opening because they don't want to be seen as someone not informed about the use of the internet. The internet to me is the challenge here and I believe if everything about cryptocurrency were to be offline then you will see the kind of interest from the older generation. The old that is investing in crypto are those already visiting the internet and having businesses online requiring email address or social media marketing handle to marketing and transactions.

[AirtelBuzz]

Our older generation was not as educated and smart as our new generation is educated and smart because of which they consider crypto as a scam. Cryptocurrency is not legal in our country yet we use it secretly and when our older generation hear about this cryptocurrency they tell us that it is completely illegal and Scam. They ask us to refrain from using them. If they were educated and smart like us, I think they would have used crypto currency with us.

[yazher]

Soon they will be replaced by even younger than us and the younger generations will adopt crypto as their preferred currency all over the world since the advantage and the way that it can be preserved is easier than the fiat that the old generations have gotten used to. If only, we didn't have these critics who were making noise and causing confusion to the people with their hoaxes and lies against bitcoins, we would have already been using bitcoins in our local market and other local stores in most countries in the world because of its popularity but right now, we need to handle them as well and shut them down every time they cause tribulations with their FUDS whenever they found some unapproved theories and link it to degrade bitcoins and crypto miners.

[Hispo]

Our older generation was not as educated and smart as our new generation is educated and smart because of which they consider crypto as a scam. Cryptocurrency is not legal in our country yet we use it secretly and when our older generation hear about this cryptocurrency they tell us that it is completely illegal and Scam. They ask us to refrain from using them. If they were educated and smart like us, I think they would have used crypto currency with us.

It may also have something to do with the older generations to have more trust on the government and on whatever the public officials have to say about cryptocurrency and it's legitimacy. The younger generations are more skeptical on what the government has to say and they try not to blindly trust in the official narrative.
It is quite ironic, because while the people of previous generations believe Bitcoin and cryptocurrency to be just a big scam, I have seen some of them actually falling for actual scams in social media, in which they alledgely won thousands of dollars for participating in a simple survey.
I don't know. I guess this society can be quite strange in many ways. Ideally, nobody is supposed to fall for any kind of scam, regardless of their generation.

[Zanab247]

I do think that the older generation just do not trust the internet or anything that has to do with it in general hence the reluctance to accept any kind of development that occurs on the internet I think the age group needs to be a little higher because people that are 40 to 45 at most still are very open to some new developments but any age higher than that seems to have a hard time accepting crypto

Old people don't announce themselves the way all those new generation are using internet to discourage people these days with scamming people with fake projects in the society that will never bring profits in the future.

 One thing you don't know about those that are above 40 or 45 is that they don't make noise when they accept crypto because, they know that they have grow up children they will not want them to know that they have any relationship with crypto in the society for security reason and for their safe too.

[o48o]

We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.

Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience. 

I haven't seen anything like this. In fact most people i know that are heavely invested in cryptos are over 40. Most of them started under 40, but that's because bitcoin itself is already almost 15 years old. And people who invest in anything are way under 40, at least from people that i know.

And people who are into crypto are into risk and volatility, that doesn't rule out people over 40. If you doubt that, maybe check stats on how many old people are gambling. Like ex poker players, that have found a new way to "gamble". And it's not just old people getting jealous. Or even young no-coiners, because there are ton of crypto people being jealous about people making money with a wrong thing. Their bags aren't mooning with the rest, and nft and meme token holders seem to be making millions while their fundamentally "safe" coin isn't going anywhere. Jealousity is a condition that exist in all age groups.

[Kelward]

I think maybe older people already have significant savings & pension funds etc. they use traditional brokerage firms with boring stocks and 401k packages. They don’t look for alternative investments because they maybe don’t need to, they are already financially sound. I wouldn’t say 40 is the cut off though, there are loads of people over 40 deep in bitcoin. It’s probably the over 60’s who are hesitant to get into crypto.

Older folks in their prime had solid investments that is still giving them ROI till this day, and there's nothing that you can tell them about crypto investment, assets that is in digital currency that'll make any meaning to them. And you can't really blame them if they don't key into crypto investments because of the news of social media scams, they'd think that any investment that is not in real physical asset is scam. They'd believe that only shares in physical companies, real estate, bonds that is guaranteed by a central authority, they want investments that they'll hold a physical certificate as evidence of ownership. It's only the younger generation who are born in the internet age that can fully understand the modern technological investments like Bitcoin.

[God bless u]

We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.

Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience. 

Even the old generation doesn't know about it because at that time this thing was not as common as it is today, crypto didn't even have an online system at that time and no one had a mobile phone. For this reason, those who are over 50 years old did not take part in it.
Once those people know about its benefits, then start investing in it and try to know what it is because it is a great earning platform. It is useful but actually it is very important to know it.

[sunsilk]

It is different in the past and of today and that's why many of the old generation are reluctant of investing to the current modern world asset which is Bitcoin and any other cryptos.

But for those that are of the same age but hesistating as well, they won't judge as long as they're keeping themselves informed by simply doing their own research to understand why many younger people are in it.

I don't think that there's any relation about jealousy or what, they have their own ways of determining an investment for them if it shows or doesn't shows any red flag.

[NotFuzzyWarm]

Age has nothing to do with it. To me it is all to do with a person - regardless of age - understanding the Digital Age and all that it entails. For most that means understanding all that has happened since the 1st IBM PC (and the Mac) being introduce to the world back in the early 1980's. In my case it was 1974 when I built my 1st computer, an Altair 8800 followed by the SWTP 6800.

In short - if a person knows how to use a computer and has at least a basic understanding what goes on 'inside the case" along with the sense to thoroughly research things then they will be fine. They just need to be comfortable with using digital technology.

Speaking of being comfortable with tech... Perhaps it's because of my (many) decades of working with PC's frankly I'm aghast at how many younger folks NEVER even think about the risks in using any connected device be it a PC, 'smartphone', or tablet that not only can but DO present when personal information much less financial information is processed using them. Being so comfortable with tech that a person uses it with no thoughts whatsoever about security as so many 'younger' folks do is just asking for trouble.

[Obim34]

To be honest, some of these older people are not yet into technology, they still find it difficult and even to operate their devices while some who do are just afraid to risk their money into maybe making any investment. They usually have these feelings of no paper work to sign during the investment process so they feel insecure investing. Their are also some older people who are into Cryptocurrency but they are just few compared to those who don't want to participate into Bitcoin or crypto investment.

[cryptoWODL]

Older generation don't know how to use cryptocurrency and they don't even know how to use the internet. There is no correlation between crypto currency and older generation as they are not so much modern as per present time. As cryptocurrencies are not legal in our country, the older generation of our country does not know what cryptocurrencies are.

But compared to the older generation, our new generation is much more educated and modern due to which they understand and know better about cryptocurrencies. Cryptocurrency has become so popular all over the world since the invention of Bitcoin.We all know that Bitcoin was invented in 2009 which is almost 15 years ago today.Now those who were born in the early 19th century but our older generation will not know or understand anything about this Bitcoin or Cryptocurrency.

[kaka_Shipai]

People who don't really understand it, prefer to avoid it by making poor logical statements, as calling it a bubble or scam. But the reality is that they don't really understand it as they are passed that age where fast learning is possible so instead of accepting the fact that they can't understand it, they make other bogus claims and then avoids it.