Crypto & Older Generation

[Uhwuchukwu53]

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. 

My view at  40s is lack of information and vision on this crypto and Bitcoin and for those who have been in, lack full confidence in venturing in to the deep risk taken. But still some are fully granded and take the risk because many of the able to do on crypto are the 40s who have venture in deep, who never relent to improve themselves both technically and technologically. The wide spread of today crypto and Bitcoin and the use can't be compare the past 40s the knowledge and and usage is wide spread, is ushering many people into it.

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[oktana]

I understand and can relate with what you’re saying, and I the cause of this is because the older people who are aged up to 40Y.O do not have the bubbling mind that younger people have. Some of them do not even care about technology and just want a means to communicate to their loved ones and family. So, it’s not unusual that it isn’t in their interest. For us that have been able to adapt, we will pass it into the younger ones that are coming.

[Barikui1]

It's not a thing of surprised that most of the older generation still find it difficult to accept cryptocurrency, and what I really think here is that they have gotten so used to the traditional way of life, by having a whole lot of money saved up and still be earning from their pensions, so telling them now go venture in technology now is like stress to them, and most of the terrible news they have heard about cryptocurrency made it as the perfect excuse for them not to want to have anything to do with it.
So it will only take an ambitious man that is part of the older generation, that will not want to find an excuse, because he only sees opportunities in it.

[MegameSama]

I may be one of the many older generations who enjoy change, I am never closed to change, I am waiting for that change, the proof is that I joined here with young people. Crypto is magical, defying all forms of traditional finance that have been held by the old generation. Even though my portfolio in crypto is not more than 15% of my assets, I enjoy the learning process in crypto, even though there is still a lot that I don't know, but I will learn it. There is actually only one problem with the older generation, they always underestimate the generation below them. Yes but how else....

[Zanab247]

I came to discovered that this new generation adopt crypto fast than the old generation because, the old people still believe in the mentality that is not easy for a young man or woman to get rich the way the youths in the countries are getting richer through the help of decentralized currency.

But the old generation prefer the new generation lifestyle and the way they are living their life not to depend on their parents at the age of 18 or 20 compare old generation when at age 25 or 30 youths were still living with their parents because there was nothing like opportunity we are experiencing today in the Bitcointalk.org.

[kentrolla]

I came to discovered that this new generation adopt crypto fast than the old generation because, the old people still believe in the mentality that is not easy for a young man or woman to get rich the way the youths in the countries are getting richer through the help of decentralized currency.

But the old generation prefer the new generation lifestyle and the way they are living their life not to depend on their parents at the age of 18 or 20 compare old generation when at age 25 or 30 youths were still living with their parents because there was nothing like opportunity we are experiencing today in the Bitcointalk.org.

Quite right, I have observed the same as older generation are unable to digest the fact that people can get rich quickly though it requires efforts and sometimes luck when it comes to crypto. I think they need to adapt with the current trend and should be more supportive towards crypto and I know about the generation gap and the difference in mindset but still no one is gaining by not adapting to current technology. Sometimes I feel it's the jealousy which takes over but every generation had their own goodness as we are earning quick now but we are eating chemicals as all our food contains chemicals wherein the older generations had pure food. People need to accept the reality because I have had difficult time explaining crypto to older generation as they just plainly call it scam or bubble which didn't burst for over a decade.

[boyptc]

I may be one of the many older generations who enjoy change, I am never closed to change, I am waiting for that change, the proof is that I joined here with young people. Crypto is magical, defying all forms of traditional finance that have been held by the old generation. Even though my portfolio in crypto is not more than 15% of my assets, I enjoy the learning process in crypto, even though there is still a lot that I don't know, but I will learn it.

That's okay if your crypto assets are just around 15% for someone who's on that generation, it's already a lot considering that most of you are conservative and needs to be sure with where you're investing.

There is actually only one problem with the older generation, they always underestimate the generation below them. Yes but how else....

Well, we know it right.

Whenever that we've got some information or learnings that we share to the older generation, they always underestimate us as if they're always better than us. But many of them are open to new learnings and not that far, I am also gonna be part of the same generation and will be open to the new generation and changes too.

[cryptoWODL]

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.

It is difficult to convince the older generation about cryptocurrencies because they have no knowledge or experience with cryptocurrencies. For example let's say your parents are 50 years old and if you ask them for money to invest in bitcoin they won't want to give because they think bitcoin or crypto is a scam. They then tell you to invest in gold or land i.e. real assets instead of investing in Bitcoin because they are used to that. If they knew about bitcoin they would talk about investing in bitcoin.Here may be the difference between our new generation and the old generation.

[Hispo]

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.

It is difficult to convince the older generation about cryptocurrencies because they have no knowledge or experience with cryptocurrencies. For example let's say your parents are 50 years old and if you ask them for money to invest in bitcoin they won't want to give because they think bitcoin or crypto is a scam. They then tell you to invest in gold or land i.e. real assets instead of investing in Bitcoin because they are used to that. If they knew about bitcoin they would talk about investing in bitcoin.Here may be the difference between our new generation and the old generation.

Sure, it makes sense to me actually. We are talking a generation which grew up in a context or an era when most of assets were physical or had a very stable market value, with little fluctuation of price in the short term, people of that generation is pretty much used to appreciate those assets they can touch and see with their very own eyes. I do not blame them though, when we talk about money or storing wealth, being able to see and touch what you are buying is reassuring.
When one tries to explain the concept of cryptocurrency or Bitcoin to them, they first thing they ask is about the backing of the value of Bitcoin, and since they are told there is no backing and the price is volatile, they call it a a scam. As simple as that.
Ironically, to that generation does not matter much the decentralized technology which is behind Bitcoin, to them Tether makes more sense because there is some assets backing it.
Fortunately for the cryptocurrency ecosystem, this new generation and the young people have been able to appreciate the advantages of Bitcoin and alternative currencies.

[Lukmanfirdaus1]

Older people are usually comfortable with their lives, don't want or have run out of energy to start new things, especially baby boomers who want to upgrade their knowledge, the majority, not all. they are busy with old ways such as retirement savings, property and land investment. and maybe they think that's more than enough. Apart from that, they play shares, but many people still underestimate them. Yes, it's okay, let them be like that, our generation is different from theirs, as long as they are happy, that's fine. by the way I am one of them lol