Age is not the bases of investing in bitcoin even in other investments.
Topic: Too late to invest in cryptos if you're old? - page 34. (Read 5948 times)
The age doesn't matter much. In fact, I would say that Bitcoin suits the elderly better, since it is more suitable for short-term and medium-term investment. On the other hand, if you invest in assets such as gold or platinum, then you may need to wait for 10 or 20 years to get proper returns. Such investments may not be suitable for old people.
i think it doesn't matter how old are ! or where are you from ! if u have enough knowledge you can invest in btc .
Well it really depends on the situation but personally retired oldies who got pension should enjoy their life to the fullest like spend their money to those stuff that will make them happy or to go some places that they dream of while they are still busy working to provide their children's needs.
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?
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?
i dont think theres a right age for investing in bitcoin, some of my friends are so old like my father but they are still earning even they are already retired. But some are so early in bitcoin they are 16-18 years old only but they are earning lot.
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?
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?
Age is just a number and it does not matter if you are old or young, but there is an advantage with young i guess. Anyone is welcome in investing cryptos as long as you know what you are entering and knows what is the risk in investing in crypto currencies.
Of course not. Age doesn't matter with cryptos. The most important thing is that you understand how cryptos works. I suggest you research on how things work. Once you have the knowledge you will not have a hard time to invest. Good luck.
of course not
absolutely not late
this can be seen from the dynamics of growth
Its not too late to invest in bitcoin even you are old. Furthermore, I think if you have a chance to invest in earlier you could gain much income in the future. Do not waste your time and just focus in investing and earn high income in the near future. Just invest in bitcoin. absolutely not late
this can be seen from the dynamics of growth
It depends on the person rather than his age, i think if he is willing to discover something new and put in the effort to study it than its no different than someone young. Old people can make better decisions because the older you get the wiser you are.
If you are old, you cant invest for long term, year or two for example. Just do not trade, cause you will lost money. Good luck
If you're old still invest and trade, Just let your family or elder family to engage into what you're doing so that they will absorb what you do, By the time your passed away your youngest member of the family will catch what you trade and invest.
Hope it help to guide the old man to engage into crypto world
Godbless
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?
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?
Hhmmm, I don't think so if investing to cryptocurrency is too late. There's no too late in crypto world . If you can invest then GO ! If you can perform trading or mining then go .Go with your heart
For you to succeed.
Hope it helps !
Old age is not an obstacle, we can advise our retired relatives to invest in bitcoin. Explain to them, but do not force them to invest. Let those who decide for themselves whether to invest or enjoy their old age without interruption.
You may want to rethink that now, being old is an impediment to hold bitcoin for the long term, what are you going to do if you invest in bitcoin and then suddenly everything goes down and you lose a lot of money and due to some emergency related to your health you are forced to cash out even when the price is that bad.I agree with the statements above 👆
Old people should just enjoy their retirement benefits. For me it was not necessary to convince them to invest in bitcoin, we should not let put them in a risky situation where they can lose those amounts of hard earned savings. Yes it was not too late but it doesn't mean they must take the risk.
If you are old, you cant invest for long term, year or two for example. Just do not trade, cause you will lost money. Good luck
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?
Indeed, generally speaking, the elderly can't afford to take the big risk, and all the investment in cryptocurrency is a very risky thing. I don't recommend investing. 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 there means buy and hold for long only, then investing in cryptos not depend from age.
But trading, prediction what altcoins price going up, bounty campaigns etc can be hard for old man who dont fully understand how work blockchains
But trading, prediction what altcoins price going up, bounty campaigns etc can be hard for old man who dont fully understand how work blockchains
This is a big mistake, any age is still capable of investing, but for the retirees it is not that advisable since they do have limited time frame to play in their investment. What is important is to learn first what they are getting in, any business or any investment we are getting in.
It is never too old to invest. It is like saying is it too old to invest in stocks? You can invest for your future or you can invest for family. You can invest to try to become a millionaire. All options are open. Take caution and do your own research.
Age doesn't matter when it comes to investing. You may see investors who still engage in investing (not only with cryptos) despite their age. Being old doesn't prevent you from doing so and being a well seasoned veteran of investing is actually an edge because of all the experience that may have gathered throughout the years. There's no restrictions when it comes to investing - just some risks. Good luck, OP!
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 it is not to late if you want to jump into cryptocurrency world, cause cryptocurrency world didn't see you old or young you can still get into this even for people that retired from his job and an old people still can do it, but the difficult is to teaching them about it i think. 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?
As every investment is Risky, investing in crypto is risky, too. Anyone investing in crypto should use the spare money only, now anything (like selling your home, retirement money etc) you depend on every day.
now, about the senior person and investing in the crypto issue - well, I even know some people who are smarter and adventurer than I am and those people are like 15/20 years older than me and they always love to learn new things. I am telling this as I suggest people to invest in crypto if only he/she understand it and is/are able to take that kinds risk.
so, your senior person, if he/she understands crypto and basics of investing, and can invest the SPARE MONEY, yes, he/she is welcome.
now, about the senior person and investing in the crypto issue - well, I even know some people who are smarter and adventurer than I am and those people are like 15/20 years older than me and they always love to learn new things. I am telling this as I suggest people to invest in crypto if only he/she understand it and is/are able to take that kinds risk.
so, your senior person, if he/she understands crypto and basics of investing, and can invest the SPARE MONEY, yes, he/she is welcome.
there is no limit age for investment. feel free to invest in crypto.
no time too late to try something new as long as we are alive
no time too late to try something new as long as we are alive
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