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30094972 No.30094972 [Reply] [Original]

Why do boomers not invest in crypto?

It would be hard not to at least triple your money this year, yet boomers freak out at their stock going up by 10% in a year. Doesn't make sense why not more people get involved in crypto.

>> No.30095057
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30095057

Because they fear what they dont understand. And they're too young to take risks on things. Talk to most boomers or even gen xers in my family and they will be spooked by Bitcoin or other cyrpto because they think its too "dangerous" and that it will just disappear and you'll lose all your money. Every time I mention crypto they concern post all over it.

>> No.30095365
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30095365

>>30095057
That's a dumb mentality though.

>"It's the gold rush, but i'm not getting involved in mining gold because gold can go to zero"
>"It's the dot com bubble, but I won't buy any domains because I don't understand how the internet works"

>> No.30095744
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>>30095365
Exactly, its dumb. That said, I'm sure that older people were less likely to go to the Gold Rush because they though it was risky (granted back then that meant traveling across the frontier) but yeah older people are most often too stuck in their routine to take risks or what are perceived as risks.

>> No.30096004

>>30094972
>invest in crypto
You mean speculate

>> No.30096142
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30096142

>>30094972
Their jew financial advisors didn't tell them to yet. But actually this week they did, lol. Many banks now are saying you should be at least 1% in btc.
And this guy, certified gigaboomer, reformed crypto fudder, lover of cash and cash accessories, is now 3% in the bit corns.

>> No.30096162
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>>30096004
yes, leveraged swing trading crypto is the most OP, but boomers aren't ready for that convo yet.

>> No.30096176

>>30094972
because they are smart. invest in what you understand
also if you think crypto is investing allow me to ask you to read the definition of the word speculation and reflect on why that is different

>> No.30096277

>>30096176
Dumb and limiting. Obviously the answer is if you see there is opportunity in something you don't understand to get off your ass and figure it out. There is no advantage to limiting yourself to only the narrow scope of things you understand.

>> No.30096312

>>30096176
It functions basically the same.

>> No.30096351

It's because they've worked for 50 years of their life. They are not going to risk 50 years of wageslaving into funny internet money, no matter how lucrative the gains are

>> No.30096478

>>30096351
Then don't go all in silly

>> No.30096611

Boomers can barely use a computer or an iPhone. You think they’re gonna fuck with Cryptography?

>> No.30096693

Imagine a boomer who asks you how to use email 17 times KYC certifying and then buying Bitcoin, storing their wallet keys in a safe spot, etc.

Dumb people can’t do this shit.

>> No.30096780

>>30094972
Believe it or not they want to but are too scared to learn how.

Canada now has a BTC ETF lmao.

People are unironically too stupid to figure out how to set up a binance account and metamask wallet for low caps.

Yet these same people will crank FOREX with 50x leverage on their 401k's like its kindergarten math.

>> No.30096799

>>30094972
>>30095057
had a boomer tell me that the bitcoin company will sell you a bitcoin but when you try to sell it back, they won't let you, so your money is gone forever. It's hard to describe just how out of touch 99.9% of boomers are

>> No.30096835

>>30096693
>Dumb people can’t do this shit.
I think you went just a little too far there lol. Remember where you are

>> No.30096888

>>30094972
Technology. I got some normie friends into it and half of them lost money sending stuff to the wrong address etc. Had to handhold the entire process.

Not worth it desu.

>> No.30096920
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>>30096799
Kek 99% confirmed by those dubs. And yeah, I've had my gen x father tell me this shit is too "dangerous" and you lose all your money. I would have expected more understanding from someone his age but he's a democrat so its's probably just low iq.

>> No.30096961
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30096961

>>30096888
checkum

>> No.30096979

A huge portion of boomers still refuse to do their banking or pay their bills online.

Does this really surprise you that they don't want to get into bitcoin if they don't even trust or know how to do basic shit like pay their electric bill?

>> No.30096983

>>30094972
Epstein was a boomer that invested in crypto before he killed himself

>> No.30097063

>>30096888
tfw my friends are too dumb to do successful uniswap transactions half the time

>> No.30097183

>>30096888
but how? you just copy and paste an address into an input field? How is it possible to mess that up?

>> No.30097190

>>30096983
No, he was just payed in cyrpto by his fed bosses

>> No.30097275

>>30097183
Setting up tokens in wallets on the wrong network, sending stuff as bep20, etc.

>> No.30097367

>>30094972
my dad is 53 and has 5 bitcoins. he subscribes to stansberry but only buys coins that are on binance and coinbase

>> No.30097438

>>30097367
>my dad is 53 and has 5 bitcoins
Whoa dad’s based

>> No.30097485

>>30097438
yea not technically a boomer but anyone older than me is a boomer

>> No.30097758

>>30096478
>>30096277
>>30096176
You sound like you are seeking reassurance or validation on your position rather than providing a rebuttal on the question posed.
Boomers don't invest in crypto mainly because they don't need to, they are sufficiently wealthy and at an age where risk taking is disadvantageous.
You are the opposite, you are at an age you can survive a wipeout and investing a quantity that can easily be replaced.

>> No.30098395

>>30096176
>smart
>don’t understand bitcoin

>> No.30099148
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30099148

>>30094972
start paying fucking attention

>> No.30099199

>>30099148
3% is not much, so he's not THAT confident

>> No.30099308

>>30099199
>>30099148
He's in for like $10-$15 mil.

The thing is, all the other billionaires aren't going to let the others pull ahead of them by having more exposure to bitcoin than them. Gonna lead to an arms race real fast.

>> No.30099321

>>30097485
My dad’s 70 and gets physically uncomfortable when I bring up crypto. He’s a good guy in general and has set me up fairly well in life. But for an ex software engineer he’s way too comfortable being an old Luddite now.