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Topic: Too late to invest in cryptos if you're old? - page 32. (Read 5947 times)

hero member
Activity: 1372
Merit: 564
Until you are dead, it's never too late to invest in cryptos. You can get unimaginable returns even within a year. I do hope  it's BTc when you decide to invest.
There's no age limit when using bitcoin even you're old or too young as long as you have basic knowledge in cryptos, you can use, have and earn bitcoin. It is to late if you miss the chance to use when you have time and don't waste your time to thing not important to you.
hero member
Activity: 826
Merit: 502
It's not that it's too late. It's just that you might be dead by the time that you are able to make money from bitcoin. It might seems that the price is good and that you're going to make money from investing in bitcoins in just a matter of months. But we still don't have any assurance. The people that have invested in 2012 at the price of $1200 had to wait for 5 years just to get profits. When you're old, though, you don't really care about waiting but you have very limited amount of time left in this world. What you should do is just pass on your bitcoin investments to your kids or to their kids.

The risk that you are taking is just the same no matter what age you have. People don't care where your money came from. You might have accumulated your money by killing people or scamming newbies from the Internet. The risk that you are about to take will be the same no matter what. We will all be playing the same game. We will be playing in the same market.
full member
Activity: 266
Merit: 151
First crypto index traded as a token!
You're never too old too learn. With age comes wisdom, at least in some cases. Older people are more experienced and have more patience. With all their experience they should be wise enough to know whether they should step into the crypto world. Of course it depends on the person, old or young, if he or she is capable to handle this new technology.
hero member
Activity: 826
Merit: 501
It's never too late or too early. All that matters is understanding what you are investing in and why. Will BTC outperform the stock market over the next 20 years? If you think so, then it is obviously not too late at all.

As always though, diversification is key. A balanced portfolio should includes multiple asset classes, and as long as BTC is viewed as one of those asset classes then I see no problem with it. Dumping all your savings into BTC and hoping for the best, is obviously not s strategy, but pure speculation.
Age is definitely not a factor on investing on cryptos like bitcoin, But more of an option. There is nothing wrong on trying to invest some of the fruit of your labor on cryptos, besides there is no age limit on investment, unlike looking for job. This serves as an opportunity for our elderly to become functional citizens even if they are already retired with the promise of a return they can have in a shorter period of time.
newbie
Activity: 44
Merit: 0
Nope  Cheesy
full member
Activity: 280
Merit: 100
Hello. You are never too old to do anything in life. Cryptos seem to bring a lot of return (at least in 2017, lets cheer 2018) and you will learn a lot of great things. Just looking at the Ethereum blockchain visuakization, fascinating.

Cheers
newbie
Activity: 14
Merit: 0
I wanted to add something else. The fact is that investing in bitcoin alone is too risky. Since it remains too volatile and therefore the adult audience can be overworked and sold not where necessary. In this you need to understand well and be able to make the right purchases. Sales. In addition to everything there should be an objective way to enter bitcoin, but for now it remains too complicated

Until you are dead, it's never too late to invest in cryptos. You can get unimaginable returns even within a year. I do hope  it's BTc when you decide to invest.
newbie
Activity: 14
Merit: 0
Remember it was like in the 80's, if you found this age in America was such a precedent that every 2 US residents did invest in shares of the company that existed only in words. Here it may turn out that there will be a similar situation. Therefore I think elderly people should not involve in this train chases for money, let them live quietly and do not get nervous about their money.
member
Activity: 210
Merit: 40
Why it would be too late? That would mean that cryptocurrencies are reserved only for young people and that older ones don't have the right to profit or not capable of and that is not true. So everyone who gets enough knowledge and interest about bitcoin and other cryptocurrencies can start investing and using them.
newbie
Activity: 238
Merit: 0
Until you are dead, it's never too late to invest in cryptos. You can get unimaginable returns even within a year. I do hope  it's BTc when you decide to invest.
hero member
Activity: 3024
Merit: 629
Actually there is no news late for anyone to invest in Bitcoin because the main requirement only requires capital and also insight about investment procedures well and most important is they have the intention first in running it to earn income every time.
Well its true regardless of your age you can start investing in bitcoin as long as you truly understand the nature of cryptocurrency. However dont put all your savings in it because no investment has a 100% guaranteed money back it has risk so better to be extra careful.
member
Activity: 518
Merit: 11
What would you guys advise someone who is retired, living off pension and savings? Is it too late/risky to invest at that kind of age?
Do you guys think the elderly have a chance of jumping on the crypto train, or do you guys think it's too late for them to invest?


yes it seems to be too late because it may be linked by old age, but do not be afraid you can teach your child to continue your talent to play bitcoin.
newbie
Activity: 35
Merit: 0
I would recommend trading crypto if he/she is knowledgeable at investing. Also depends on his/her attitude toward crypto, if he decides to do so, he must believe in blockchain will change the world, not purely want making money from it. if that is the case, most likely he is going to freak out on the market voalitity. Majority retired people deserves a stable life from what I know
full member
Activity: 227
Merit: 100
What would you guys advise someone who is retired, living off pension and savings? Is it too late/risky to invest at that kind of age?
Do you guys think the elderly have a chance of jumping on the crypto train, or do you guys think it's too late for them to invest?


no, I don't think so it is never too late but the only problem is they might face bit difficulty with understanding these processes. And If they still understand and has a knowledge about the uses of bitcoin and technology they are not late. It will also depends on the type of personality of a human, if someone old makes always wrong decision it is advisable to stop them quickly before it is getting late.
member
Activity: 126
Merit: 11
What would you guys advise someone who is retired, living off pension and savings? Is it too late/risky to invest at that kind of age?
Do you guys think the elderly have a chance of jumping on the crypto train, or do you guys think it's too late for them to invest?

if love age does  not matter how much more in investing in bitcoin as a old person.of course they can invest here and join here in bitcointalk as much as they can.a lot of people now is using a gadget with internet like using facebook so i think retiree can use bitcoin anytime.they can join in signature campaign by posting maybe this is  easy for them by answering question but not only answering they need to focus on it to make it success.
full member
Activity: 378
Merit: 100
Actually there is no news late for anyone to invest in Bitcoin because the main requirement only requires capital and also insight about investment procedures well and most important is they have the intention first in running it to earn income every time.
member
Activity: 172
Merit: 11
It is never too late to do something to do with changing ourselves, especially to earn extra income.

As long as they want to try, have a clear intention, mission and vision, and not lazy to read and hear advice from a more professional even though they are much younger than us.

There's a local saying that no pain no gain, so it's better to be too old to learn bitcoin and get it instead of giving up halfway, it's all for getting the final result, whatever the result is worth being grateful for.

Because the path of human life is only God who knows and has a plan that is more beautiful than human plans, still eager for the search bitcoin, many roads to Rome, many paths looking bitcoin, for example with cloud investment, mined altcoin for sale to bitcoin and so on.
sr. member
Activity: 532
Merit: 250
Its never too late to start of really something valueable and relevant as BTC. If you guys know Col. Sanders, founder of KFC, he started already old like 60s plus until he found success of that business which is very relevant today. Bitcoin definitely will soar high in the coming years.  Smiley
I certainly agree to that, it is never too late to invest or to start in bitcoin or in cryptocurrencies. Furthermore, we must invest in bitcoin and do not waste your time in nonsense thing. Even though you could become old there is still a chance that you could invest in bitcoin.
full member
Activity: 317
Merit: 110
I'm 61 and just started back in July.

It is important to note how Bitcoin goes through big swings of 30-40% up and down.

The trick is to catch it at one of the low points, like right now. 13k.

When I started it was 2k. the last one I bought was a drop from 8.5k to 5.8k.

Seems these opportunities present themselves periodically.
This game require much patience and observation. Also it is not for the faint of heart. You need to understand the fundamental core principals why Bitcoin has value.
member
Activity: 121
Merit: 11
It's depend on the situation, if the elder person have problem in understanding how Bitcoin works because they are really not in to modern technology,  it may cause lose of money. The level of risk will go higher in old people, Because we know that sometimes elders may forget something. Then if they invest in Bitcoin they may forget it and lose the money that they invest. But not all elder people is like that there are some elder have good memory, and they were lucky if they have good memory the level of risk will go lower.
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