Topic: Too late to invest in cryptos if you're old? - page 36. (Read 5948 times)
It's a very good question. If the old invest a big amount of money no need to wait a long time to double your investment. See how it went fast this last months. If the person invest less the person will have to wait longer.
Age does not matter when it comes to investing as long as you have money to invest then it's ok. Always keep on mind that there is a risk when investing. If they know how to use internet then it's not a problem. Eventually a lot of old people will take it as a good opportunity to earn.
If the person is a pensioner it is even the right time to use some of his or her penson to purchase bitcoin in order to create a means of getting passive income regularly.
But he is already getting passive income since he is getting a pension for which he worked all his life, at that point you should be worried about how much to collect from your pension not about your investments, being worried about your investments is for people that are still working.
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?
Here you means to age , that the person is retired and he is living at his pension , here it will be more better for that perosn who has passive income and he has not much need of much money at that age , so surely he has money available for the investment in cryptocurrency .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?
But here a big problem is the understanding , if that person have not much understanding in cryptocurrency then first of all he will needed to understand about this thing and how to handle profit and loss . otherwise if he enter without knowing the actual thing that he will loss much money otherwise luck can help him .
So we should explain first about this thing before to jump in cryptocurrency to that person .
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?
for me it's not yet late even they invest in their ages it's okay and for them to access they must have someone with them who'll help them to invest so that if there's emergency or things that didnt want to happen example they died accidentally there are someone who still operates their investment in bitcoin there's someone who can get their money and their children and grandschildren can be the beneficiaries of their money 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 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.
Until your alive and kicking you can use bitcoin even your old as long as you have knowledge about cryptocurrency, also anyone can used it even you're old, young, rich or poor, educated or not, it can use of any people. But for me until you are young use bitcoin now because you have potential to earn more and become rich.
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.
They can still invest with it, i mean there is no age limit on doing it, right? They can still use the money they earn, buy stuffs they like or save their money for their kids. It doesn't mean your purpose in life is limited even if you're old, there is always a thing to do in everydays life we live.
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?
It's never too late! Might be a good way to pass the time if they got into trading......
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.
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?
Unlike the majority of folks of this thread, I cannot agree that this would be a sound investment for the majority of elderly folks (at least in America). Why? RIsk, and the current state of the price. In a general sense, the older you get, the more risk adverse one should become in their investing strategy, as there is increasingly less income potential to replace the money should one make a bad investment. on the other hand, at these price levels no one can really call what is going to happen in the next few months. the price is so high it takes a significant investment to see meaningful gains. would you want your grandma to buy 10k worth of btc, to have it drop 30% over the next few months? that 3K loss could have been a month or so of living expenses, and time was lost as well.
bitcoin is for the younger investor, more welcoming of risk.
In fact there are some grandma's talking about bitcoin, a few days ago a guy posted in here that he's grandma was talking to him about bitcoin and that she wanted to invest thirty bucks, lmao.
it is not too late, but maybe they wont be alive to see how bitcoin is going to get adopted.
it is not too late, but maybe they wont be alive to see how bitcoin is going to get adopted.
I think its not too late for the elder people to invest in cryptos, as we all know there are elder people who are still managing their businesses. So I guess if they are involve in cryptos its not too late for them it is just a matter of how they understand this crypto world and how to adopt this number crypto currency today. Not all of the elders are not interested with hi technologies there are some that are still adopting what is new in the society so therefore if they are exposed with technologies they are also capable in going with the flow in bitcoin. There no age limit in investing and joining bitcoin so no matter how are we as long as we are interested and we are happy with what we are doing so go for it.
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?
I don't think that we need to have any perfect age to start to work in bitcoin field Because we can do many works in bitcoin and altcoins market with our money and we don't need any type of hard work because all is the game of kind and understanding and experience that we will get day by day .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?
So here if the mentility of doing work at pc/laptop is enough for that retired person than surely he should do work in this field and also we can understand that he can invest easily in this Because in his life he saved much and also he has income source of pension that he can use for investment and can turn in multiple times profit .
So start now , and if that perosn is thinking that he can't handle trading and investment like then he should buy bitcoin and hold for 2-3 years to get better profit .
Some people are saying Bitcoin will be worth over $100,000 ina few years. It is hard to believe on one hand, but on the other not so much... because of it's past obviously.
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?
It's not a matter of jumping on the crypto train, it's a matter of information and interest. if those elder persons are aware of this system then he or she can move on this platform. 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?
At first, you have to gather a lot of information regarding this issue. cryptocurrency is not a game so that the first requirement is make understanding properly, then anyone can join in this platform. otherwise, there is a chance of getting loser by this system.
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?
In my opinion, not all old persons were not interested in technology. There are still some old people around us who are interested and capable to use gadgets and can go with the flow of technology. So, those elders have the chance to learn about bitcoin. I believe age is not a hindrance to a person who want to invest and earn money through bitcoin. It does not mean either that if your old, you do not have chance to earn money. Through bitcoin, it gives an equal opportunity to earn. That is the good thing about bitcoin there is no age, gender or status requirement. Everybody who want to invest can invest. To those people who are retired, living with pension, and looking for a place to invest for additional income, Bitcoin is one of the best place to invest to. The only person they need is someone who can guide them and educate them about bitcoin. Besides, they can ask help to their younger relative to assist and guide them to monitor they bitcoin investments. 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?
Investing in crypto doesnt have any age limit so there is nothing to worry about if you are old already and you want to invest in cryptos, as long as you have the money, the gadgets , internet connection and someone very close to you to guide you in investing if you are new in crypto then you'll not gonna have any problem investing in cryptocurrency. But if you don't have those ff that i listed there is no way for you to invest old or young.
There is no such thing as too late to learn something new regardless of age. There's even a grandma in Japan that learned to use digital photomanipulation in her late 70s and her skills with it is quite phenomenal.
I guess it depends on how interested and invested they are, only then will it become easy to teach them about bitcoin. Patience is the key, and also they must know the risks behind it.
I guess it depends on how interested and invested they are, only then will it become easy to teach them about bitcoin. Patience is the key, and also they must know the risks behind it.
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 think when you retire, it's a great time to consider investing in cryptocurrency. By the time you retire, you will definitely have a decent amount of money, and investing in crypto at that time I find it very reasonable. Investing in Bitcoin is not limited to age or time. As long as you have knowledge of the cryptocurrency market, you can invest in Bitcoin or altcoin at any time. Investing in cryptocurrency when you retire will be great because you have more time to focus on tracking and researching this market than others.
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