Re: Older people are the most vulnerable to crypto scams

Older people are usually less interested in online or internet-related activities. This is because, in addition to no longer needing large sums of money, their limited knowledge of such things also makes them less inclined to follow other people's advice related to the internet. Therefore, their potential for being directly deceived by internet crime is also very minimal, although on average, those who are more likely to fall victim are those who easily trust the advice of others who are essentially unaware of the matter themselves.

So instead of dwelling on potential risks, it's better to consider how much exposure older people have to the crypto industry.
In my neighborhood, older people don't even own smartphones anymore. Their generation was generally less tech-savvy, so they're unwilling to risk their money on crypto, let alone get scammed.

I agree, they may be less familiar with technology, but there are people who want to keep up with technology and get involved in such things. Rarely with cryptocurrencies, but they do exist, and unfortunately, these are the best targets for scams. In general, older peoples are being pushed to do everything through their phones , pay bills, shop, etc. That’s where a serious risk of scams arises, because it’s enough to click on the wrong link and fall victim to a fraud.

This is a good point you have made here older people have no much knowledge about technology that much and this is the more reason why some of them want to put up with it so they too can be in the know how it works but the truth remains the fact that they are being taken advantage of because they are not as inclined with it and it makes the vulnerable to scams because they are curious to know and when they receive links they click without minding the out come of it.

Another issue is that they can easily be influenced to do something that ordinarily they would never do just because they trust the idea given to them to be true, they just get easily influenced by whomever that is close to them to do whatever they wouldn't have done in their own if they are knowledgeable about the situation.