Too late to invest in cryptos if you're old? - page 45.

cdog

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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 nothing is too late, my uncle is also very interested to invest in Bitcoin after seeing the Bitcoin price continues to rise. and now my uncle has invested his money for Bitcoin.

Svelto

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I don’t think it is too late for any age to invest in crypto, as long as the elderly is open minded and interested, he can join in anytime. As for investing, it is good to invest the money that you are alright with losing it. Hence I will advise the elderly to invest a small % (maybe 10%?) of his/her pension and savings.

real_links

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Me I feel it's late, except all his account is combined with someone which is far younger than him, Because in crypto if you die anytime all your accounts die with you. Now imagine a family man puts the whole money in crypto at age 75 and dies. That's the end

romero121

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Casinopunkz - Anonymous Crypto Casino

Quote from: daringdiscovered on November 16, 2017, 08:29:50 PM

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?

Investing on bitcoin doesn't requires age limit, it is all for those who wanted to do bitcoin to earn some living, if you are an old person, you can still invest on bitcoin as long as you have the money, invest now and you could see its worth in the long run, there's no need to hesitate, bitcoin is the most amazing coin here in this crypto world.

Age is just a calculation to know how long we've traveled in our life. This doesn't have anything to be related to the bitcoin or other digital currencies. Maybe they could have missed the chances of investing at lower price compared to the price that it has reached at present. Even the younger generation feels that they are late into the community, still tries to keep themselves active for a better future through bitcoin.

daringdiscovered

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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?

Investing on bitcoin doesn't requires age limit, it is all for those who wanted to do bitcoin to earn some living, if you are an old person, you can still invest on bitcoin as long as you have the money, invest now and you could see its worth in the long run, there's no need to hesitate, bitcoin is the most amazing coin here in this crypto world.

Ethan_Locke

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Make a Bet, Make a Bit!

It is never too late to invest, providing that they spread their risk. The process of adding another 'nest egg' so to speak if an excellent idea, in fact, it may help them to have a more comfortable retirement along with potentially providing further benefit to their family in terms of inheritance later on down the line. I say go for it!

rube08

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I would advise your older friend to invest a little of his retirement in bitcoin but there is always a risk. Don't let him convert every fiat currency he owns and invest 100 percent in bitcoin. The old adage is only invest what you can afford to lose. At least when he invests some of his money, he could make a good profit for his children to inheret once bitcoin is extremely popular with the general public.

superjeyy

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Quote from: Marileno on November 12, 2017, 04:47:05 AM

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.

Cliché as it may sound but the saying "it's never too late to try something new" and "age doesn't matter" is something that is very applicable in this situation. As Marileno emphasized on what he/she said, what matters most is the capacity to understand the concept of Bitcoin. When one truly comprehends the structure of something, then dealing with it won't be a problem. Awareness to its value is also important as you need to make smart choices when it comes to your assets. So with regards to the situation, age or time should not be a limitation in investing through Bitcoin.

Decimation

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I mean, whether Bitcoin is $7,000 or $1.00, it is all the same risk you'd be taking. Only difference is now if you invest, you are risking a LOT more money. Back in the day the only advantage was BTC was really cheap to purchase and to mine.

Clover_Faith

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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?

Maybe it is too late to you to invest money to bitcoin because you are old already and anytime you go without knowing. But you can invest if you are old they dont care maybe you give it your siblings or grandchild for their future, right or maybe you can give it to the people who care to being old just a return being good take care to you. So that no one can be too late in bitcoin even you are old just grab it and make other life's good for their goods.

Shivan Dragon

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That is not true. Old people can also invest in crypto currencies with the help of their loved ones. Tutoring old people about investing in crypto currencies may not be a problem because everyone can invest in bitcoin.

bncbnc

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Quote from: MD Nur Hossain on November 16, 2017, 10:44:46 AM

I am not very old in Crypto World but i involved only 8 months ago.Actually i think crypto is a big market so before involved in crypto firstly need some basic.But not late you can start now crypto life.Invest in good alt coin.

Bitcoin itself is very new and therefore i do not think that it is so late to invest in bitcoin. i think that still people have the opportunities to invest money in bitcoin and get a chance to make good profiti from it. but i think we should not wast any more time because the price is getting increasing more and more.

InBTC4years

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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 they should find someone they trust to help them, just like they would do with a mutual fund.

Siopao

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It's never too late for anyone to start investing in bitcoin even if you're already old, as long as you understand it. Btc value have been very impressslive especially for this year (2017), and basing from it btc will give high ROI to its investors.

dunfida

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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?

Its never been too late for Oldies to get in on the boat of crypto currencies which it is also a good way on entertaining their selves since they are already retired for sure they would seek things that do entertain them and crypto investment would really give that chills and excitement when it comes on making money and also on losing money but as long they do have their own laptop or pc or even just on mobile phone with internet then theyre good to go and possibilities on adding up more profits is there too.

cindygirl

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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?

It's never too late to get started with anything, so they may die in 5 years, well they could still live those next 5 years much more lavishly if they invest in cryptos and it pays off. Many people have turned relatively small amounts in to life changing amounts inside of one year. Not to mention that many elderly persons will have children or grandchildren who they could leave any leftover money to.

BossMacko

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Though you are old with experience or none when it comes to investing, there is no age limit in investing in Bitcoin. Bitcoin is very easy to use that as long as people know how to read then they'll be able to invest in Bitcoin even if just buying Bitcoin and Holding it in a bitcoin wallet is already an investment and can profit in a long term.

woas4

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I think cryptos will be heavily adopted within the next 5 years, so even someone old can still invest and reap the profits in their life. ANd in case the worst happens, you can still leave it behind for your loved ones.

SaShiRaJaVu

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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?

When you are investing make sure you learn what you are doing and if they understand what they are doing and can follow the market then there is nothing wrong in investing a few couple of hundred dollars and keep on accumulating rather than spending huge amount at once and it is the best investment strategy for everyone.

PurpleGentleman

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No it does not matter how old you are you can invest in it no matter your age because my friend is 17 and he is already investing in it and don't you think that that is too young i would just invest if you are able to invest.

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