Too late to invest in cryptos if you're old? - page 39.

Man21

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Quote from: Games.Bitcoin on November 12, 2017, 04:24:34 AM

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 its not late to invest in crypto starting now although they are old people.
But sometime old people just understand the income but not the risk. It will be a problem.

satria2

member

Activity: 297

Merit: 10

Quote from: steven.spearman on December 04, 2017, 09:12:45 PM

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

uztre29

full member

Activity: 275

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It is not too late for them to invest in cryptocurrencies. They can invest half of their pension and savings. Old people do not need too much things. All they need is to take care of their health. They just want to relax. Therefore, investing half of their money is not a problem at all. Bitcoin’s value has a potential to increase. People can invest in cryptocurrencies anytime.

steven.spearman

member

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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.

samuraijin

sr. member

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it is not too late if we want to invest in bitcoin even though it is age factor and to my knowledge there are some people like this where I live and they have jumped into bitcoin to invest and hold up to get the best in bitcoin development

thecodebear

hero member

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It's never too late to get in. I just a few days ago got my parents to finally buy some Bitcoin. They're 80 and 75. Bitcoin moves so much that its not like you have to hold it for a long time so it doesn't matter how old you are. They only put maybe a couple thousand dollars in, but if they wanted to they could sell in six months and have probably made a few thousand dollars, or wait longer and make a decent chunk of extra change, not a big deal. They don't need to try to get rich, but no reason not to buy up a little bit and make a few grand without having to do anything.

rasmadisulaiman

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Activity: 364

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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.

gartheugenio

newbie

Activity: 14

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Now is the time of the beginning of the crypto market, 2018 will be a very strong development year of the market. It will not be too late if you invest in the crypto market today. Remember to be cautious with your investment projects.

iamsether

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Activity: 98

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Quote from: Games.Bitcoin on November 12, 2017, 04:24:34 AM

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?

Not too late at all. If I were old and living off pension I'll probably set aside some funds to buy Bitcoin or any good altcoins out there. There's even an advantage of being old as you can study more about Cryptocurrency since you've got a lot of time, just be sure that your mind is still sharp with anything because if you are suffering from memory loss it'll be hard to enter in this kind of business as you tend to forget everything.

bakkang

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Quote from: Games.Bitcoin on November 12, 2017, 04:24:34 AM

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 time for him to rest because he work all throughout his life so he deserve to rest and enjoy the result of his hard work. But as long he don't want to stop working therefore investing with bitcoin is the best thing he must do. Bitcoin doesn't required age but as long as you want to invest.

chichiah

newbie

Activity: 30

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As saying age doesn't matter, as long that you know how to use the computer and you know about the crypto currency you can invest anytime you want it. So don't be afraid if you are too old for that.

Goodsamaritan

member

Activity: 84

Merit: 10

In my opinion, I don't think that there is a age limit to be an investor in crypto. Also there is no such thing as late since almost every week there is a new coin introduced which means that you could still catch up in different coins. And yet the fact that they have more fiat money available makes them a VIP in investment here.

wagi

full member

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Quote from: Games.Bitcoin on November 12, 2017, 04:24:34 AM

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 they start it in old age as beginner, i think it will be a bit difficult for them to understand what is this crypto world.
I will say its not too late if they can understand all of about crypto and also the risk.

Bitcoinstein

jr. member

Activity: 46

Merit: 1

Hell no!
You might need sometime to adopt the new information, but there is no age for reading a book.

Shendy23

member

Activity: 112

Merit: 10

I think its ok even though your old to invest crypto because cryptocurrencies is still rising today and your investment maybe can help for the future of your childrens or relatives you wanted to help, even though your old doesn't mean that you don't have purpose at all there are so many things you can do. Also if in middle ages its still a big help when you old and need a medicine maintenance.

Yakamoto

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Quote from: Games.Bitcoin on November 12, 2017, 04:24:34 AM

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 wouldn't say that it is too late for them provided that they are not investing wealth that they cannot afford to lose. They always have the opportunity but they should be prioritizing their retirement and longevity rather than trying to make more money off of something which is incredibly volatile and essentially constantly subject to change. I wouldn't be putting much faith in the blockchain if I was in my retirement honestly, there's a lot more safe investments that could be used instead.

MommyElsa

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Activity: 387

Merit: 100

Quote from: Games.Bitcoin on November 12, 2017, 04:24:34 AM

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?

Not too late for the erderly to invest in btc. If they can buy a bitcoin then why not. They can invest if they can manage their investment. It will help for them to preserve their money.

bxbxy

member

Activity: 68

Merit: 10

I don't think that it is too late for the old ones to invest in cryptos because they can still use their investments and make it grow or if they retire they can enjoy their investments.

JTASSOCIATES

full member

Activity: 182

Merit: 100

Nothing is too late in life my policy is better now then never. Opportunities never predicted and it never avoid old or young. It is up to the persons attitude how much risk he can take in his life at what level. After retirement he is relax and focused on the target so cryptocurrencies for the retired persons best choice the don't have fear of loosing anything as they already getting pension as secured income.

kenjohannes26

newbie

Activity: 56

Merit: 0

To me no one is late, even though you are old you can still play cryptos. It's great to play here, so many new surprises.

Topic: Too late to invest in cryptos if you're old? - page 39. (Read 5948 times)