Average Age for Bitcoin/Crypto currency users

[LiteCoinGuy]

I have personally 18 Years old and started Bitcoin when I was like 16-17  , I would say that the average is 25-40 tho . If not more

~ Madness

think that too. the typcial nerds  

[gargantuar]

Dang, I am a minority.  I would be interested to see a more granular analysis of the 26-40 group.

[KimNam]

I am 24 y.o and all my friend who use bitcoin is around 17 to 25 years
but i think a lot of bitcoin users are around 26 to 40 years old, like i saw in bitcoin conference
and i see there are some user here with age below 16, good start to understand crypto currency

[calme]

THe most active agegroup has to be mid 20's . That what I am , and some of the other people into bitcoin I know are too.

Hopefully you can recognize your own bias in that, since ppl are likely to know ppl in their age bracket. Especially mid twenties and below, since ppl of those ages seem to focus on age/looks/etc. and thus are particularly ageist.

[ArticMine]

I am 57 and started using Bitcoin at age 54. I also use Monero, cash, cheques, credit cards, wire transfers, but not debit!.

I will start by saying that the age range most likely to embrace Bitcoin are those below the age of 30 followed by those over the age of 50 and below the age of 80. The least likely age group is between 30 and 50, possibly followed by those over the age of 80. Someone age 18 will have a far greater change of convincing his grand parents to embrace Bitcoin than his parents and may even have a better chance with his great-grandparents than with his parents. The first thing to understand is that many teenagers rebel against the values of their parents generation. To the parent this is a rebellious teenager, but to the grandparent more often than not this is payback for the teenage rebellion they endured!. Many companies marketing to the baby boomer generation understand this psychology very well.

The baby boomer generation grew up under the constant threat of nuclear annihilation, and can best be described as rebelling against the "establishment" in every conceivable way. This contrasts sharply with the generation that followed notably generation X which to a large degree rebelled against the rebels and became very pro-establishment. The 60's and early 70's were about saving the world. The 80's and 90's were about owning the world. If a 60 year old does not have a Facebook page it is not because they do not know how to create a page, it is far more likely because they do not trust Facebook with their personal information.

In payments the most significant change in the last 40 years have been the replacement of cash and bearer (cash like) instruments with accounts under the control of the "establishment". Many baby boomers react to this change more often than not with a combination of fear, distrust, and suspicion. Bitcoin and similar crypto currencies become more often than not a return to their comfort level of bearer instruments. The easiest way to introduce Bitcoin to someone over the age of 60 is to describe it as "cash that you can use on the Internet", "there is no need for PayPal", "there is not risk of identity theft"  etc, and be prepared to engage the senior in a conversation about the horrors of mass identity theft such as Target etc.

Edit: Anyone over the age of 50 who was exposed to computer technology in their teens or early 20's, their exposure was most likely  as a programmer rather than as a passive consumer of content locked down with DRM.

[freedomno1]

I am 57 and started using Bitcoin at age 54. I also use Monero, cash, cheques, credit cards, wire transfers, but not debit!.

I will start by saying that the age range most likely to embrace Bitcoin are those below the age of 30 followed by those over the age of 50 and below the age of 80. The least likely age group is between 30 and 50, possibly followed by those over the age of 80. Someone age 18 will have a far greater change of convincing his grand parents to embrace Bitcoin than his parents and may even have a better chance with his great-grandparents than with his parents. The first thing to understand is that many teenagers rebel against the values of their parents generation. To the parent this is a rebellious teenager, but to the grandparent more often than not this is payback for the teenage rebellion they endured!. Many companies marketing to the baby boomer generation understand this psychology very well.

The baby boomer generation grew up under the constant threat of nuclear annihilation, and can best be described as rebelling against the "establishment" in every conceivable way. This contrasts sharply with the generation that followed notably generation X which to a large degree rebelled against the rebels and became very pro-establishment. The 60's and early 70's were about saving the world. The 80's and 90's were about owning the world. If a 60 year old does not have a Facebook page it is not because they do not know how to create a page, it is far more likely because they do not trust Facebook with their personal information.

In payments the most significant change in the last 40 years have been the replacement of cash and bearer (cash like) instruments with accounts under the control of the "establishment". Many baby boomers react to this change more often than not with a combination of fear, distrust, and suspicion. Bitcoin and similar crypto currencies become more often than not a return to their comfort level of bearer instruments. The easiest way to introduce Bitcoin to someone over the age of 60 is to describe it as "cash that you can use on the Internet", "there is no need for PayPal", "there is not risk of identity theft"  etc, and be prepared to engage the senior in a conversation about the horrors of mass identity theft such as Target etc.

Edit: Anyone over the age of 50 who was exposed to computer technology in their teens or early 20's, their exposure was most likely  as a programmer rather than as a passive consumer of content locked down with DRM.

Thanks for posting, it's a great post and analysis of how to market towards different age groups in regards to Bitcoin.
Also agree with the historical notes people way back used to keep money under the mattress, then banking etc.
Returning them to their comfort level in the digital age is one way to present this concept in a way people would understand.

[Hazir]

I am 57 and started using Bitcoin at age 54. I also use Monero, cash, cheques, credit cards, wire transfers, but not debit!.

I will start by saying that the age range most likely to embrace Bitcoin are those below the age of 30 followed by those over the age of 50 and below the age of 80. The least likely age group is between 30 and 50, possibly followed by those over the age of 80. Someone age 18 will have a far greater change of convincing his grand parents to embrace Bitcoin than his parents and may even have a better chance with his great-grandparents than with his parents. The first thing to understand is that many teenagers rebel against the values of their parents generation. To the parent this is a rebellious teenager, but to the grandparent more often than not this is payback for the teenage rebellion they endured!. Many companies marketing to the baby boomer generation understand this psychology very well.

The baby boomer generation grew up under the constant threat of nuclear annihilation, and can best be described as rebelling against the "establishment" in every conceivable way. This contrasts sharply with the generation that followed notably generation X which to a large degree rebelled against the rebels and became very pro-establishment. The 60's and early 70's were about saving the world. The 80's and 90's were about owning the world. If a 60 year old does not have a Facebook page it is not because they do not know how to create a page, it is far more likely because they do not trust Facebook with their personal information.

In payments the most significant change in the last 40 years have been the replacement of cash and bearer (cash like) instruments with accounts under the control of the "establishment". Many baby boomers react to this change more often than not with a combination of fear, distrust, and suspicion. Bitcoin and similar crypto currencies become more often than not a return to their comfort level of bearer instruments. The easiest way to introduce Bitcoin to someone over the age of 60 is to describe it as "cash that you can use on the Internet", "there is no need for PayPal", "there is not risk of identity theft"  etc, and be prepared to engage the senior in a conversation about the horrors of mass identity theft such as Target etc.

Edit: Anyone over the age of 50 who was exposed to computer technology in their teens or early 20's, their exposure was most likely  as a programmer rather than as a passive consumer of content locked down with DRM.

This is excellent testimony of man who is  conscious of his past, present and future. I would like to read more post like this. Some things I do not agree with. Generations, while is true that their model is generally fine I would disagree with theory that every man from generations you listed is a follower on one doctrine. I am the child of 80. and I will NEVER create account on facebook or any other social media site. Because I do not trust them. Every man is a follower of his own path.

[Walt Sobchak]

I'm 24 myself, and all of the people I personally know that have been involved with crypto fall directly in a 22 to 32 year old age group.

[DeboraMeeks]

Surprised to see what made most people think that users associated with BTC will only be living ~21-40 years?
Bitcoins is more of an excitement which gives you your best moments all the time, giving surprises like pumps (and of course, dumps) and while you stay happy all the time, I don't think that it will limit your age to the one mentioned by many here.

[ChuckBuck]

I'm actually in my late thirties about to enter forties soon, so when I first heard about Bitcoin I was skeptical as most people are to anything new and different from the norm.

I heard a bit more references to it in different media reports, mostly through Silk Road 1 transacting this new form of currency called Bitcoin using a Tor Browser.  I thought to myself, man these criminals will do anything to buy drugs and weapons online....

And then year after year, this thing called Bitcoin kept sticking around.  Mt. Gox was an actual exchange moving tremendous amount of money around, and people actually could participate in it by "mining" on their personal computers at home using CPU's and GPU's.  I thought to myself, maybe there is something to this Bitcoin.

Year 6 and I've read the Whitepaper, read and watched all I could to understand Bitcoin, participated as a miner, trader, buyer and seller of goods, and have no intention of turning my back on this thing.  I've seen this all before...with the advent of the Internet in the 1990's, the advent of social media in the 2000's, and now the age of Crypto especially Bitcoin in the 2010s and beyond....

Glad I'm able to live long enough to enjoy the ride!   

[Possum577]

You should change this poll to ask people what their age is. What we all think the right answer could be is irrelevant and certainly not statistically valid!

[micky123]

I'm actually in my late thirties about to enter forties soon, so when I first heard about Bitcoin I was skeptical as most people are to anything new and different from the norm.

I heard a bit more references to it in different media reports, mostly through Silk Road 1 transacting this new form of currency called Bitcoin using a Tor Browser.  I thought to myself, man these criminals will do anything to buy drugs and weapons online....

And then year after year, this thing called Bitcoin kept sticking around.  Mt. Gox was an actual exchange moving tremendous amount of money around, and people actually could participate in it by "mining" on their personal computers at home using CPU's and GPU's.  I thought to myself, maybe there is something to this Bitcoin.

Year 6 and I've read the Whitepaper, read and watched all I could to understand Bitcoin, participated as a miner, trader, buyer and seller of goods, and have no intention of turning my back on this thing.  I've seen this all before...with the advent of the Internet in the 1990's, the advent of social media in the 2000's, and now the age of Crypto especially Bitcoin in the 2010s and beyond....

Glad I'm able to live long enough to enjoy the ride!   

I personally got into Bitcoin (and crypto) when mtgox crashed. I had heard about BTC before but like you, i thought it was a currency mainly used by the underworld and criminals and i wanted nothing to do with it  .
I also thought it was a passing fad and when mtgox crashed, i expected bitcoin to be wiped off the face of the earth!!

The resilience shown by bitcoin after the mtgox crisis made me a fan and i went into cloud mining as that was my easiest entry into the bitcoin world. Bitcoin has slowly grown on me from there and i am now an even bigger fan. I just wish for mass adoption and for people to shake off the negative energy surrounding bitcoin. I am in it for the long haul too! 

[futureofbitcoin]

The age grouping is really skewed... most of the age brackets are double of 17-25. That doesn't make sense. If it was 17-30, I'd pick that.

[steven.G999]

hmm results showed a lot of players aged 26 to 40 years, whether the focus on bitcoin, they are just an unemployed?

yes players under 20 years old, they are just looking for fun, like me )

[Amph]

i chose the middle value 26-40, but i do believe, many young man(woman also?) are coming, to find out about cryptoworld

[Kprawn]

You should change this poll to ask people what their age is. What we all think the right answer could be is irrelevant and certainly not statistically valid!

You should not "think" about it... you just take the average of the bitcoiners you know and give your answer. We are not looking for a statistically "correct" answer... just a broad discussion on what age group are more "active" in the Bitcoin community.

We already see a trend in most of the posts being done here.... so even if the answer is not 100% statistically correct... it might still be a indication.

Thank you for everyones inputs... it is interresting to see the results sofar. 

[turvarya]

So, I am in the same group with 40-year olds.
Damn kids ...

[Monetizer]

I know of a few teenagers in my area who talk about bitcoin a bit. I don't think too many of them know about it though.

[foxkyu]

i'm almost 25 next month
and i know bitcoin is early april last year
i wish i know bitcoin when it's still early