Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
naira
on 18/08/2023, 09:02:52 UTC
⭐ Merited by JayJuanGee (1)
snip~~~
No doubt, Bitcoin resonate more with younger people... this is expected anyways. The Internet generation will always love anything Internet related so it will be easier communicating with them in this regard. Nevertheless, I know a handful of elderly that have interest in Bitcoin... but it is not worth wasting time teacher the older generation about Bitcoin unless perhaps the aim is to suggest to them to buy Bitcoin for their heirs which is a wise counsel.


I disagree with this, bitcoin is for everyone, and we need to teach bitcoin to anyone who is interested in bitcoin. It's not fair and disrespectful when you ignore the elders and focus only on the younger ones.

I do not deny that young people will be the future of the country and they are more open to new things. But there are also many elderly people who are always eager to learn new things, and we should not ignore them, should not underestimate the elderly. The future of bitcoin, of the world belongs to the young but don't forget the elders who built this world, and maybe Satoshi is also one of the old generations that created bitcoin for our young generation.

If I remember correctly, on our forum there was also a bitcoiner named Jet Cash and he was over 80 years old. I guess he is the oldest investor we have, but his enthusiasm and faith in bitcoin is many times greater than the younger investors we have.  Bitcoin is for everyone, we should not discriminate and ignore anyone especially older people and poorer people, they have the right to know bitcoin.

Since I'm relating it to the age range, let me explain to you why to say it. And what you say is true, but emphasize that I do not discredit parents, so please understand more broadly that what I say is based on the surrounding environment and is stated here. So that when there is no match with your place or the people you know, it's natural. Regardless of old and young, of course I agree, but once again that parents in my area and your area must have a different level of understanding. Generally, parents are more focused on investing in assets that have a low level of risk. Given his old age, think about the benefits of retirement benefits, health insurance, and inheritance.

When referring to certain individuals, I don't think all parents have the same way of thinking or paradigm as the members you mentioned. Different backgrounds will show different results. You should consider this from the start when talking about individuals with their own investment goals. I'm not forbidding parents to invest in Bitcoin, but we also need to be responsible for the advice that will be given to parents who only look at it from a profit standpoint but are not prepared for losses. For example today Bitcoin touched $23K and are parents ready to see their portfolio shrink? then compare it with the stability of low-risk investment assets. whenever parents need funds to pay for health insurance they will not lose too much.

Again, compare it to young people who see a bearish market with a broad mind. They can find information quickly. There are 2 possibilities, namely selling or accumulation and Hodl. It depends on how you think, right?