age 47 is it too late or not to invest in bitcoin.? - page 2.

Nuraiuii

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Quote from: Solokan on January 05, 2023, 08:12:18 AM

I'm 47 years old, and I see and hear a lot of young people talking about bitcoin, and when I asked 2 young people and I asked, can I be the same age as me to invest in bitcoin? and the young people answered, 1 of them said they could, and the other said no, and the people who answered no, they explained the reason, namely because I was old, whereas if investing in bitcoin it had to be long term.
and the other young man gave me a hint, namely for me to join this forum to ask about me, who is old, is it worth investing in bitcoin or not?

but I personally will still invest in bitcoin because in my opinion there will be no loss in investing in bitcoin even in the long term, that is because I have children, even if I may have died I think there will be no loss, because I will tell my children when I invest in bitcoin .

and I will inherit bitcoin to my kid if I die first.

I want to ask what do all my friends think about this problem?

Bitcoin is for everyone and there is no age limit for investing in cryptocurrencies. As long as you are confident in Bitcoin and are prepared, do your research before deciding to invest, learn how to properly manage risk and learn more about how Bitcoin works. Investing an amount that you can afford to lose still has a chance of making a return on Bitcoin.

Smack That Ace

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Investing is not like when we do something out there, sometimes there is a lot of work that takes a lot of health to complete, and age will be an issue for older people. But for investment, age doesn't matter, as long as you are smart and know how to calculate, you can invest anytime you want. Cryptocurrency investments are much riskier than investments like gold or real estate, I think that's why your friend didn't agree to let you invest. But the decision is up to you, and if I were your friend, I would still support you as long as you are willing to take risks and ready to take losses with what you invest.

Solokan

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Quote from: salad daging on January 09, 2023, 04:25:25 PM

It's not too late no matter how old you are now you can make the investment you want in bitcoin and maybe these 2 young people have different views whereas you shouldn't look at the bad side and it's clear investing in bitcoin is a long term must to start from now on coincidentally the price is low, there is a 70% decrease from the highest price.

What is certain is that you already understand what bitcoin is, after that you can learn about the strategy so that your plan can go according to plan because even having a strategy with a 3-5 year timeframe can result in the investment made by you.

Something bad is not really thought about (death) that is clear just live it and let your child also know about bitcoin because after all he will be the heir as you say it is.

Your advice is very good, and my opinion is the same, and now I am starting to feel confident and excited because there are so many people who have encouraged me in this forum, including you.

qwertyup23

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Quote from: Solokan on January 05, 2023, 08:12:18 AM

but I personally will still invest in bitcoin because in my opinion there will be no loss in investing in bitcoin even in the long term, that is because I have children, even if I may have died I think there will be no loss, because I will tell my children when I invest in bitcoin .

and I will inherit bitcoin to my kid if I die first.

I want to ask what do all my friends think about this problem?

It is definitely worth it to invest in BTC no matter how young/old you are. 47 years old is relatively young given the average age group in this forum.

The beauty behind investing into BTC is that its price may skyrocket anytime. Its high volatility makes it a perfect investment either for short/long-term depending on its price on the market. As someone who has been active in this forum for five (5) years already, I have witnessed its price increasing/decreasing overtime. You can definitely earn big and take advantage of such opportunity if you are at least active enough in knowing its price.

As for inheritance, you can keep your private key stored in a hardware wallet for your kids to know when they reach a certain age. This protects your investment in becoming "lost" especially if you unexpectedly meet your demise.

salad daging

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It's not too late no matter how old you are now you can make the investment you want in bitcoin and maybe these 2 young people have different views whereas you shouldn't look at the bad side and it's clear investing in bitcoin is a long term must to start from now on coincidentally the price is low, there is a 70% decrease from the highest price.

What is certain is that you already understand what bitcoin is, after that you can learn about the strategy so that your plan can go according to plan because even having a strategy with a 3-5 year timeframe can result in the investment made by you.

Something bad is not really thought about (death) that is clear just live it and let your child also know about bitcoin because after all he will be the heir as you say it is.

Agwu

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Quote from: Solokan on January 05, 2023, 08:12:18 AM

I'm 47 years old, and I see and hear a lot of young people talking about bitcoin, and when I asked 2 young people and I asked, can I be the same age as me to invest in bitcoin? and the young people answered, 1 of them said they could, and the other said no, and the people who answered no, they explained the reason, namely because I was old, whereas if investing in bitcoin it had to be long term.
and the other young man gave me a hint, namely for me to join this forum to ask about me, who is old, is it worth investing in bitcoin or not?

but I personally will still invest in bitcoin because in my opinion there will be no loss in investing in bitcoin even in the long term, that is because I have children, even if I may have died I think there will be no loss, because I will tell my children when I invest in bitcoin .

and I will inherit bitcoin to my kid if I die first.

I want to ask what do all my friends think about this problem?

I believe you still have a very good opportunity to invest in bitcoin. Even if you want to invest for long term, may be 5 years, you will still be 52 years.
So the answer is capital yes for me because to me BTC has no age limit for anybody who wishes to invest.
Even your children can benefit from it.

Crypt0Gore

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Who told you not to invest at the age of 47? Many real estate investors out there are older than you and you are here complaining, do you know how many years it takes stocks to bring good ROI? Yet older men are into this investment but crypto ROI is faster than others, even at 60 years old its worth giving crypto investment a shot.

Mpamaegbu

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Once a man, twice a child!

Quote from: Solokan on January 05, 2023, 08:12:18 AM

and the other young man gave me a hint, namely for me to join this forum to ask about me, who is old, is it worth investing in bitcoin or not?

Welcome to the forum. The person who gave you that hint to join this forum just handed over to you immense key to crypto knowledge. Today, marks it exactly six years I stumbled and registered on this forum unaided. I checked your profile and you're barely five days registered on this forum, you're on a good start for the year. Just keep it up and become active here. I'm grateful to my curiosity that drove me to this forum and I believe you will discover the value of being in this forum sooner than you imagine.

On the age thing, people older than 47 years have investments in stocks and banks while should Bitcoin be any different? I know of a user here who's well past 70 years and he's a Bitcoiner. That user isn't the only one, judging by the tone of others. What makes you even think that age should matter when it comes to investment? I think it's more of interest than age.

Issa56

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Quote from: Solokan on January 05, 2023, 08:12:18 AM

I'm 47 years old, and I see and hear a lot of young people talking about bitcoin, and when I asked 2 young people and I asked, can I be the same age as me to invest in bitcoin? and the young people answered, 1 of them said they could, and the other said no, and the people who answered no, they explained the reason, namely because I was old, whereas if investing in bitcoin it had to be long term.
and the other young man gave me a hint, namely for me to join this forum to ask about me, who is old, is it worth investing in bitcoin or not?

but I personally will still invest in bitcoin because in my opinion there will be no loss in investing in bitcoin even in the long term, that is because I have children, even if I may have died I think there will be no loss, because I will tell my children when I invest in bitcoin .

and I will inherit bitcoin to my kid if I die first.

I want to ask what do all my friends think about this problem?

You are 47 years of age, I don't really think you are that old, the person that advised you not to invest those not really mean good for u, no matter how old you are, you can definitely invest. My advice for you is that you can invest any amount you can afford to loss and the money you won't be needing for now on bitcoin, am sure you will never regret why you invested in bitcoin and incase if anything happens to you, your children will have something to fall back to and am sure your children will also be proud of you.

Fullcoinese

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Quote from: Yamifoud on January 07, 2023, 04:34:30 PM

Just do what the best you can do in your life OP and don't make your age a hindrance to not doing it. Besides, a 47-year-old is not old enough that can't think right and at this age, we are certainly mature enough to make a decision. You don't need to lose this opportunity and erase your bad thoughts about "what if I die and lose my money?" Just think about how we are preparing for a better future and consider this investment is not just for ourselves but for our family.

The OP is great at planning investments intended for inheritance. there is nothing wrong with age, but who knows how old we will last. so as much as possible to do the best, investment for yourself or the family is good planning. most importantly, OP must tell his family about the Bitcoin assets he owns. regardless of the value in the future, he and his family can enjoy the results of the investment he is currently making.

Yamifoud

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Just do what the best you can do in your life OP and don't make your age a hindrance to not doing it. Besides, a 47-year-old is not old enough that can't think right and at this age, we are certainly mature enough to make a decision. You don't need to lose this opportunity and erase your bad thoughts about "what if I die and lose my money?" Just think about how we are preparing for a better future and consider this investment is not just for ourselves but for our family.

nakamura12

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I think it is not too late but I agree with the others that the earlier the better. Even though you are late in my opinion but you still have a chance to earn a profit in any way you can. Some people use their skills to earn money and some use different ways to earn money. If you are late to know about Bitcoin then do you think that there are much more older people who invest in Bitcoin?. It depends on the situation because age has nothing to do with investment.

CryptoPanda

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Age is only a limitation if you let it. Honestly I don’t see how a 42 year old can’t invest in bitcoin, you probably were talking to some kids who don’t know what they are talking about, the reason he gave in the OP is even more crazy. For example, Bitcoin has hit ATH of 68k in ten years, who’s to say we won’t see bitcoin break that record in the next decade? I’m curious to know what investment would be suitable for an old man of 42?

BIT-BENDER

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Investing has nothing to do with age. Mate don’t let any tell you other wise you a good to invest in Bitcoin even at forty seven years old. I have seen older men than you still accumulating bitcoin for the future.

You still have good number of years to live and even at that Bitcoin can also be a good legacy you would leave for your younger generation. Start right now and ignore anyone telling you it’s too late.

Iroh

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In addition to the myriad of different answers on here, I would like to add that it is never too late to do whatever you want to do. Never! All you’ve got to do it to just do it.
Personally, I don’t think you’re too old or it’s too late to invest in bitcoin. There is no age nor time limit for anyone willing to invest in bitcoin.

Right now, you’re probably seeing your age as somewhat of a hinderance to fully go into bitcoin. Please don’t. Bitcoin is accommodating and is for everyone of all ages.
If you’ve determined in your mind that you want to hold and invest in bitcoin, there is nothing that can stop you.

Pmalek

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I had to chuckle when I read about this unbelievably old man aged 47. Were you one of the builders of the great pyramids, mister?
Don't put such shackles on your hands and feet. If you feel up to it, go ahead and learn.

I remember a long time ago when I was in college, there was a student among us that was older than you are now. He wanted a different career path and successfully graduated with the rest of the students. Bitcoin isn't restrictive to age, but you are expected to learn a lot. It's not just about how to buy and store digital coins. You should be proficient enough to recognize scams when you see them and not fall victim to fraudulent schemes.

If you are ready to read and learn, there are no limits.

Inwestour

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Quote from: Jawhead999 on January 07, 2023, 04:25:50 AM

If you think 47 years old is too late to invest in Bitcoin, what about this user Jet Cash that if I'm not mistaken already 70-80 years old? there's nothing late to invest in Bitcoin, but it's will be too late if you not start it today!

Actually buy Bitcoin is very easy since there's many exchange that you can choose, the problem is how consistent you're and your risk management, don't fall in shitcoins project because it's hyped, it just for short time and the coins will become worthless.

Even under 18 you can invest in bitcoin, but this can be done with the help of parents, or possibly close people. And as for the completely summer people, I believe that there is no chapel when you can start buying bitcoin.

Even if it's 50 or 60 years old, it's never too late to start buying. If this investment doesn't work for you, then it could be a great investment for our children or grandchildren. And 47 years old is still a relatively young age, at this age you definitely shouldn't worry, just keep buying and expect a profit.

worle1bm

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I would age is mere a number and it all depends on your perspective how you see things around you.If you have made up mind of investing in bitcoin then anytime is good keeping in mind your goal is 4+ years of holding with patience or if you can make short term profits.There are many people who started late but have reached success level like KFC owner so there are many examples and 47 is not too old frankly saying.It could work as your old age helping funds if you start now and keep your wallet safe with proper backup of seeds.Best of luck to you.

tvplus006

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Quote from: Solokan on January 05, 2023, 08:12:18 AM

I'm 47 years old, and I see and hear a lot of young people talking about bitcoin, and when I asked 2 young people and I asked, can I be the same age as me to invest in bitcoin? ..

It all depends on what goal you set for yourself when investing in bitcoin. If your goal is to sell bitcoin after the last BTC is minted, approximately in 2140, then it's too late to buy bitcoin) In all other cases, there are no age restrictions for buying BTC.

Outhue

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I know someone on this forum that's 70 years old and he is a crypto miner with many asic mining machines, if someone like this can live his life with crypto mining and investing so can anyone even if they are old, but OP you are just 47 years old, why did you feel this is an old age? You still have many years ahead even if you start investing today, it only takes few years for Bitcoin to make new ATH again.

Topic: age 47 is it too late or not to invest in bitcoin.? - page 2. (Read 927 times)