So go ahead, join the party! Just make sure to do your research and invest wisely.
Topic: age 47 is it too late or not to invest in bitcoin.? - page 5. (Read 927 times)
Oh, definitely not too late! 47 is the perfect age to jump on the Bitcoin bandwagon. In fact, some people say that the best time to invest was yesterday, and the second best time is today. If you think that 47 years is too old, just imagine how you will feel when you are 48 next year.
So go ahead, join the party! Just make sure to do your research and invest wisely.
So go ahead, join the party! Just make sure to do your research and invest wisely.
Are you scared you would die anytime soon?
Investment is fir life and as such, you could say, bitcoin is life. So long as you expect yourself to live a long lasting and healthy life, nothing stops you from investing. Most of all, if you've got a family for which, you've got good plans for them then, you could pick up some investments on there behalf. There is nothing wrong with investing at age 47, your just 7years above the regarded age for a youth in my nation. Its better to be in the new world even at a later age while you enjoy the available innovations of the time than to be sorry. No time is ever late for some crypto investment.
Investment is fir life and as such, you could say, bitcoin is life. So long as you expect yourself to live a long lasting and healthy life, nothing stops you from investing. Most of all, if you've got a family for which, you've got good plans for them then, you could pick up some investments on there behalf. There is nothing wrong with investing at age 47, your just 7years above the regarded age for a youth in my nation. Its better to be in the new world even at a later age while you enjoy the available innovations of the time than to be sorry. No time is ever late for some crypto investment.
My dad is even considering in investing to Bitcoin. I only gave him a little bit of knowledge about it since he is partially interested to it though considering still to invest. And no, it is not a problem, Solokan. Don't worry.
If people can even do career change at age 50, what more for the investment that they can just put their money at.
Since you also mentioned about inheritance, this thread might be helpful for you - Using Locktime for inheritance planning, backups or gifts
If people can even do career change at age 50, what more for the investment that they can just put their money at.
Since you also mentioned about inheritance, this thread might be helpful for you - Using Locktime for inheritance planning, backups or gifts
I can't understand how that person convinced you that you are too old to invest in Bitcoin. If your age does not really allow it, then it will not allow any other investment. Of course, this is nonsense.
There are members in the forum over sixty years of age, if not more. This means that when Bitcoin appeared, they were in the fifties.
Whatever your current age, you are currently a beginner, and therefore you need some time to learn the basics of investment before starting. And this forum is the best place to start.
Do not listen to negative people because they are good at finding obstacles without offering practical solutions to overcome them. In fact, your age is not an important obstacle if your intentions are serious to invest in a new field.
There are members in the forum over sixty years of age, if not more. This means that when Bitcoin appeared, they were in the fifties.
Whatever your current age, you are currently a beginner, and therefore you need some time to learn the basics of investment before starting. And this forum is the best place to start.
Do not listen to negative people because they are good at finding obstacles without offering practical solutions to overcome them. In fact, your age is not an important obstacle if your intentions are serious to invest in a new field.
no, 47 years old is not "too old" to invest in bitcoin. we have an 80-year-old bitcoin user here in the forum but he hasn't been online since November 21 last year(for anyone who's curious who I am referring to, its Jet Cash. I hope he is doing okay), so I don't see why your age would matter if you want to invest in bitcoin. also, as you said, you plan to inform your children of your plan. anyway, welcome to the forum, and good luck!
There is no minimum or maximum age to begin investing. We've heard of people who waited until they were in their 50s to make their first million, despite starting the investment about a decade before their current age. In this world, there are no bounds to what you can accomplish. People's opinions should not influence your life choices.
Life is not guaranteed to last forever, but if there is life, there is still a chance that you will reap the benefits in the near future. It's great that you want to teach your children about bitcoin; you can guide them through the process now that you're still available to be their coach and partner in the journey.
Life is not guaranteed to last forever, but if there is life, there is still a chance that you will reap the benefits in the near future. It's great that you want to teach your children about bitcoin; you can guide them through the process now that you're still available to be their coach and partner in the journey.
No matter your age, it's never too late to consider investing in bitcoin or any other financial asset. Remember, however, that there are risks involved with any type of investment. If you don't understand the ins and outs of bitcoin, it's best to leave this decision to someone who does. The good news is that there are plenty of ways for you to learn more, and if you are buying bitcoin as an investment, take the time to understand its potential and risks.
The first thing you should do is research. Learn about bitcoin and other cryptocurrencies, find out what makes them valuable and how they're created. You can also look into other types of investments that have similar characteristics to bitcoin. For example, gold, silver and real estate are all considered safe-haven assets because they tend to retain their value even in times of economic uncertainty (although the price fluctuates).
The first thing you should do is research. Learn about bitcoin and other cryptocurrencies, find out what makes them valuable and how they're created. You can also look into other types of investments that have similar characteristics to bitcoin. For example, gold, silver and real estate are all considered safe-haven assets because they tend to retain their value even in times of economic uncertainty (although the price fluctuates).
There is no problem for 47 years or above to invest in bitcoin as long as they can keep their private keys safe and secure, and also has a long-term objective, investing in bitcoin is not an issue.
Many people (young and elderly) have achieved financial freedom thanks to bitcoin investing, regardless of their age.
Anyone who wants to invest in crypto can do so as long as they are willing to accept the associated risk.
Invest as soon as you can to secure your children's future. Good luck to you
Many people (young and elderly) have achieved financial freedom thanks to bitcoin investing, regardless of their age.
Anyone who wants to invest in crypto can do so as long as they are willing to accept the associated risk.
Invest as soon as you can to secure your children's future. Good luck to you
There is no specific age that is too late to invest in Bitcoin or any other cryptocurrency. It's important to keep in mind that the value of cryptocurrencies can be highly volatile, and you should only invest what you can afford to lose. It's also a good idea to do your own research and understand the risks involved before making any investment decisions.
That being said, age can be a factor to consider when making any investment. It's generally a good idea to have a diverse portfolio that takes into account your age, risk tolerance, and investment goals. If you are approaching retirement age or have other financial obligations, you may want to be more conservative in your investments.
That being said, age can be a factor to consider when making any investment. It's generally a good idea to have a diverse portfolio that takes into account your age, risk tolerance, and investment goals. If you are approaching retirement age or have other financial obligations, you may want to be more conservative in your investments.
Of course 47 is not too old to invest in bitcoin. At your age you’re probably better off than the average 25 year old. You have a young family so now is a perfect time to start investing in the future of finance. Also 47 is not old, you could have 30-40 years left alive.
Start investing regularly & you could have made life changing profits by the time you’re 60. Again, 47 is not old my friend.
I wish you good luck on your adventure.
Start investing regularly & you could have made life changing profits by the time you’re 60. Again, 47 is not old my friend.
I wish you good luck on your adventure.
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?
Age can never be a barrier for you to invest in Bitcoin, so don't allow anyone to discourage you. Just pitch your tent here and you would be equipped with all the vital information you need go about your crypto sojourn. Welcome to the family.
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Your life, should be your choice too. Why do ask other people? In my opinion, as they say, it's better to be late than never. There's nothing wrong with investing in bitcoin at this age. It's all about your financial decision. Also, they say, life begins at 40. It's not too late yet.
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 .
Make sure you use a noncustodial wallet so that your fund doesn't get stuck. Also, use a hardware wallet to avoid funds getting hacked. Be sure to share with someone you trust, how to use the fund in case something wrong happens, otherwise, fund will be lost. 
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?
don't make your age limit your investment in bitcoin, bitcoin price is still cheap, buy it now or never, i also got to know bitcoin when i was over 35 years old and now i enjoy investing in bitcoin. 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?
all that is needed is faith in bitcoin, prices do change but the value of bitcoin in the future will definitely be much doubled from now, bitcoin is an inheritance of high value that you can pass on to your children (much more valuable than gold, stocks, and property), later your child will thank to you. Bitcoin is open to everyone, all ages, all genders and all walks of life, there are no restrictions here >> only believe it or not.
I thought most of the people who invest in bitcoin were young people, apparently not.
Well, even if the majority of investors are younger people, that doesn't limit you in any way. You decide your own investments and actually qualify as a part of the younger generation in certain definitions.What really matter is how young you are at heart and how open you are to new technologies.
it's true what you say, yes actually young or old will not be an obstacle to investing, because we will not know how old we are. the point is we have to think positively in all things, thank you for the advice you provide.
I thought most of the people who invest in bitcoin were young people, apparently not.
Well, even if the majority of investors are younger people, that doesn't limit you in any way. You decide your own investments and actually qualify as a part of the younger generation in certain definitions.What really matter is how young you are at heart and how open you are to new technologies.
It is not too late to start at age of 47 but because you are no longer young, you should be more careful.
If you make mistakes and bet all your money, savings in Bitcoin and by whatsoever reasons lose all your fund, you will likely kill yourself. You will burn your fund which you earned after many years of working and you won't have many years left to work and earn a same fund. A chance to restart and get a second chance would be very small for you.
Now, what are sorts of mistake can cause such horrible loses?
If you make mistakes and bet all your money, savings in Bitcoin and by whatsoever reasons lose all your fund, you will likely kill yourself. You will burn your fund which you earned after many years of working and you won't have many years left to work and earn a same fund. A chance to restart and get a second chance would be very small for you.
Now, what are sorts of mistake can cause such horrible loses?
- Trading
- Trading with leverages (Margin), Futures
- Don't buy BTC but buy Wrapped Bitcoin tokens. I explained in the quote.
- Join Ponzi, pyramid schemes
- Gambling irresponsible
Wrapped Bitcoin is not Bitcoin on Bitcoin blockchain.
These wrapped ones are tokens on many chains that can be Ethereum chain, Binance Smart Chain, Solana chain and any other chains. These tokens are promised by their teams that they are backed by bitcoin with 1:1 rate.
Because, wrapped tokens have pegs, they can lose pegs (de-pegs) like stable coins de-peg (UST, TUSD etc.)
A beginner's guide to understanding wrapped tokens and wrapped Bitcoin
What’s Happening With Wrapped Bitcoin on Ethereum?
You will ask a question "Why were these wrapped tokens created?"
These wrapped ones are tokens on many chains that can be Ethereum chain, Binance Smart Chain, Solana chain and any other chains. These tokens are promised by their teams that they are backed by bitcoin with 1:1 rate.
Because, wrapped tokens have pegs, they can lose pegs (de-pegs) like stable coins de-peg (UST, TUSD etc.)
A beginner's guide to understanding wrapped tokens and wrapped Bitcoin
What’s Happening With Wrapped Bitcoin on Ethereum?
You will ask a question "Why were these wrapped tokens created?"
- They were created to steal your bitcoins.
- Rather than buying and holding bitcoins, you buy these tokens and use them on other blockchains. When they de-peg to zero, you have a wrapped token in hand and have no bitcoins.
Just 47 years old it doesn't matter in cryptocurrency because age doesn't matter to invest in cryptocurrency yes but according to the average life expectancy of some countries 47 years old can be called old age. And in some countries many apply for government jobs at the age of 47. Talent is much more important than age in cryptocurrency. You can invest in Bitcoin wisely even in old age.
https://i.imgur.com/EWLEjnP.jpg
https://www.worlddata.info/average-age.php
The average age of the countries mentioned in the picture is above 47 years, the people of these countries will be alive for more than 47 years, then 47 years is not an event for them. If they invest in Bitcoin at the age of 47, it will not be too late but it will be the right time to invest.
https://i.imgur.com/EWLEjnP.jpg
https://www.worlddata.info/average-age.php
The average age of the countries mentioned in the picture is above 47 years, the people of these countries will be alive for more than 47 years, then 47 years is not an event for them. If they invest in Bitcoin at the age of 47, it will not be too late but it will be the right time to invest.
your explanation is very good, and the data table you made, makes me understand and understand better.
Your age will not be a barrier to investing in bitcoin because there really is no limit to it. BTC even quite old people buy and topics dedicated to this can be found on the forum.
If something happens to you, then your children will be able to use this btc you bought and this can be the best legacy. Even in the worst case scenario of investing a very old person, bitcoin will pass to his descendants (if care is taken to provide them with the necessary information in advance).
This is not a problem and stop thinking about it, but feel free to invest if you are ready for it, mentally and financially ready, and prepared for the risks.
If something happens to you, then your children will be able to use this btc you bought and this can be the best legacy. Even in the worst case scenario of investing a very old person, bitcoin will pass to his descendants (if care is taken to provide them with the necessary information in advance).
This is not a problem and stop thinking about it, but feel free to invest if you are ready for it, mentally and financially ready, and prepared for the risks.
...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.
At 47, you can very well still invest for the long term. 7-15 years qualifies as a long term investment and at 47 you have more healthy years than that ahead of you to look forward to and possibly something to bequeath to your kin. Bitcoin can help you achieve all these if you invest prudently.What distinguishes the middle aged to older generation is they seek out more stable investments and avoid more high risk assets, but if you do your research and apply caution while diversifying your investments, it could turn out successful.
I want to ask what do all my friends think about this problem?
This is not a problem, it is just a situation.- Jay -
thank you for supporting and encouraging me. At first I wasn't confident because I thought most of the people who invest in bitcoin were young people, apparently not.
Just 47 years old it doesn't matter in cryptocurrency because age doesn't matter to invest in cryptocurrency yes but according to the average life expectancy of some countries 47 years old can be called old age. And in some countries many apply for government jobs at the age of 47. Talent is much more important than age in cryptocurrency. You can invest in Bitcoin wisely even in old age.
https://www.worlddata.info/average-age.php
The average age of the countries mentioned in the picture is above 47 years, the people of these countries will be alive for more than 47 years, then 47 years is not an event for them. If they invest in Bitcoin at the age of 47, it will not be too late but it will be the right time to invest.
https://www.worlddata.info/average-age.php
The average age of the countries mentioned in the picture is above 47 years, the people of these countries will be alive for more than 47 years, then 47 years is not an event for them. If they invest in Bitcoin at the age of 47, it will not be too late but it will be the right time to invest.
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