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Topic: Too late to invest in cryptos if you're old? - page 38. (Read 5948 times)

member
Activity: 434
Merit: 11
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Even your old you can invest to Bitcoin, for as long as you can read and understand all the information you need before entering any investment. That is the most important factor in Bitcoin, you know how to read and undestand what you are reading. It is not about the age of the person.
member
Activity: 154
Merit: 10
It is never too late to invest in cryptos because everyday you may start to use bitcoin. It is never late because it is easy to earn from bitcoin without any problem. You just have to have patience, time and trust and you will succeed through crypto world.
newbie
Activity: 11
Merit: 0
Bit coin happens a lot in 1 minute and 1 second. I do not recommend it when I think because it is too risky to do after retirement.
hero member
Activity: 1078
Merit: 501
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.
No it’s not true bitcoin can be join by everyone either you are old or young because bitcoin is for every one and any time any place you can join bitcoin and you can change your life in my country there are different people who are using bitcoin I know some rich and poor people also students and business mans are using bitcoins and all of them are taking a very good profit from it and now house wife’s have also join bitcoin so bitcoin is for everyone.
full member
Activity: 266
Merit: 100
I would advise retired parents to join bitcoin, for me they have a chance to take advantage of bitcoin investments. They may be able to enjoy with the investment activity in bitcoin.
member
Activity: 518
Merit: 23
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Nope, I think not. In investing, age doesn't matter, it all comes with strategy and understanding. Knowledge varies in all ages, and techniques too. You can ask the same question in people who aren't a little too young to invest? It's about their willing to take risk and understanding the consequences.
full member
Activity: 444
Merit: 101
Not at all.  Its never too late, one is never too old or too young to take opportunities in life in my opinion. Thats the beauty of cryptospace, it doesn't discriminate or exclude any group of people.  So long as you are willing to learn and participate, the opportunity is there for everyone to take advantage of.  Only other thing i'd say is, ensure you diversify your investment, don't put all your eggs in one basket. 
jr. member
Activity: 51
Merit: 10
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?


just ride bitcoin train no one when train will stop in future.

maybe stop at 100,000$ and find your self in first part
sr. member
Activity: 602
Merit: 258
Cryptocurrency does not require your age for the innovation. They accommodate all people and every sector in the society because they believe every single piece is needed to achieve their goal.
member
Activity: 196
Merit: 10
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.
newbie
Activity: 36
Merit: 0
Not by a long shot! If the person can understand how this new technology works I don't see any problem; then again it depends how old are we talking.. I don't consider 50 old for example.
full member
Activity: 248
Merit: 100
It is never too late to invest in bitcoins,it might be slightly difficult for older people to understand,but if they get their basics right and sell at right time and bail out ,they can surely make some precious bucks in short time
sr. member
Activity: 630
Merit: 258
No, bitcoin does not require if you are too old or not. They believe every people in the society are important in their journey.
They want to help every individual to become successful and help the government to lessen the rate in the poverty life.
hero member
Activity: 2912
Merit: 556
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Why confused, any investment is not too late including bitcoin. If you try to invest a few dollars, and see the progress later.

It is true, why be afraid to be late to invest it's just a matter of time delays Wink

it is better to make decisions right now before the time is moving and you cannot buy bitcoin because the price is too expensive. before you buy, you need to think how much money you want to buy so you know how much money for the investment you want to make. don't forget to always check the price before you bought and make sure you bought when the price is down so you don't have to get panic when the price is going to go deep.
newbie
Activity: 18
Merit: 0
In my opinion, I dont think it's too late. But since you are a retiree dont invest everything. There is still a risk but all investment has one. You can always give it as inheretence at best.
hero member
Activity: 854
Merit: 500
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 think it is not too late. He or she can still dabble in cryptocurrency and not just bitcoin if he so desires. I know a lot of old people who ate able to take on the new technologies and better innovation and even have some success in it. Why not cryptocurrency?
full member
Activity: 364
Merit: 101
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?


Its never too late for anyone. In the crypto world, whether you're old or young you can certainly join the community. Its just a matter of how much you are willing to risk. You can't give off everything you have and expect gains. You have to invest only tge amount you're willing to lose.
member
Activity: 89
Merit: 10
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 would advise them to invest only a very small portion of their income. If you are old, you are basically speculating if you invest in bitcoin as the price may crash in a very short period. That is why the advise given to pensioners is to invest in gilts and annuities.

I am full retired, and heavily invested in Crypto especially Bitcoin, and have been since before it hit its phenomenal upward run. I’m almost 70 years young, I have family whom I’ve taught about this new opportunity and my son, and wife know precisely how to continue investing on my account, which is quite substantial they know when to hodl, and when to move “some” to fiat. I’ve explained the “why” and and the “how”, now what they do in my demise, is not something I’ll know about. But only an idiot would look at my portfolio and not see the gains I’ve had, if they squander it, it’s on them.
hero member
Activity: 1139
Merit: 500
There is no harm in starting an investment because old age or young age is not a limit of investment, because investment is a place to earn a profit ... investment in old age makes family assurance, because with family investment will be guaranteed. .
bitcoin is hope and it is for everyone i think if tbe person will getting older they think that they can really do those some simple things but i think that was not really the right mindset of humans.I believe if there is life theres a hope maybe you are weak do do work in physical but in mental they can really work on it.Because old person has really a great experience on the field or in a different kind of situation maybe they can get any ideas from thier past and use it today.
full member
Activity: 462
Merit: 101
There is no harm in starting an investment because old age or young age is not a limit of investment, because investment is a place to earn a profit ... investment in old age makes family assurance, because with family investment will be guaranteed. .
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