Too late to invest in cryptos if you're old? - page 46.

Yamifoud

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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?

Practically speaking, they have no chance for this. Aside from having problems with their ages but I believe they don't take this for long and not even understand about crypto. This is not the way to discourage people like them but we should accept the reality that they are old enough for this. Engagement with crypto it takes times and you should be focus on it, and considering their ages it could be impossible.

senne

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Even if you are old, then also it is not so late to invest in crypto as it will become asset to your family. Investment in crypto currency and particularly Bitcoin will turn out to be an asset due to its increasing value over the time. Other than Bitcoin, one needs to be an active trader to buy and sell at various point but for Bitcoin there is no such need as once bought at low point it will rise in the coming days.

jc89

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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?

Age does not matter if you want to invest in bitcoin. We don't have any discrimination here and I believe it is for anyone who's willing to know more about it whatever their age is. Besides I'm positive that there are some old people out there who have background in programming or the technology so there won't be any problem for them. But if I were to give an advice to the elders I'd say they should not bother jumping into crypto and just enjoy their lives. They lived their lives and it's time for them not to worry over anything in this world but to relax and have some fun and spend most of their time with their family.

arlinxoha

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Arianee:Smart-link Connecting Owners,Assets,Brands

I do not think they are too late to know about Bitcoin. Because older people are not interested in technology. There are many people who do not know about Bitcoin and do not understand. Investing in bitcoin is very risky for older people. There are many people in the elderly who invest in bitcoin with pension money.

GreenStox

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There is no too late for old people to invest in cryptocurrency, let alone invest in cryptocurrency is very suitable for old people, they could work more relaxed and not tiring, and also the world cryptocurrency is new, I think it is still a great potential to become a world currency that has a bright future.

longpro098

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There will be old people who would love to invest in bitcoins, simply because it's their hobby, their pleasure. And the laws does not prohibit old people from investing in bitcoins. So, nothing is too late

_javi_

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Still a manic miner

What does investment have to do with age? Being old is meant to be experienced. Is a young person investing in digital money have a guarantee to live long. Bitcoin is an investment tool for everyone, if you have enough knowledge about the digital market, if you can use technological tools, you are ready to invest. It is imperative to read too much about the risks.

damrianto

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it's never too late to invest in crypto despite being old because investment does not look age for it, it just depends on our own persistence to try.

MD Nur Hossain

copper member

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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.

rafajunior99

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I think you'll never be late to invest in Bitcoin, because it all depends on your own desire to do it, the most important thing you have to say to someone you trust, so when you go they know you've invested in Bitcoin.

Singwala

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Activity: 462

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Not so. as long as you know how to understand you can still be here. And your eyes are clear. You can go here. All you need to do is to read and of course guide older ones into crypto currencies. By doing so they will deepen the integrity of crypto currencies. What is this and what it can help to improve human life.

athanz88

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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?

In my opinion, there is no age restriction or "too late" word to invest on something, does not matter if you are still young, or on productive age, or an elder already, you can start to invest. But there are many things to remember when you doing investment. And my ultimate things to remember for doing investment is, only risk what you can afford to lose. Does not matter what your age, you need to remember this. Other things that is important for me is the willing to learn about our investment. As long as you want to learn, does not matter about your age, you can make a good things from your investment, such as profit, new friends and relation, and other things. But if you dont want to learn about your investment, even though you re young and on productive age, you cant make most of your investment, although maybe you can make a little from it.
So in my opinion, if elderly want to apply those two things, it is not late for them to invest, as this can gives you a job to do in your elderly time, which you have a lot of free time. So you may encourage them, but they still need a guidance.

Kelvinid

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win lambo...

Quote from: sheenshane on November 16, 2017, 09:13:10 AM

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 too late for them to invest as long they read and understand what is bitcoin, because as the older age is hard to teach them when it comes cryptocurrency investment. Risky is always their in our lives passing through risky it becomes a success.
At this older age they need a guide from us young age!

Right.Even if an individual is considered old already,as long as he has interest in investing in bitcoin,then he is still capable of it considering he knows already the nature and history of bitcoin and even its hidden potentials.And of course we are here young ones to help those oldies succeed in their bitcoin investment.Getting old is never a hindrance to get profit out of small investments which later on becomes literally bigger ones.

heureca

sr. member

Activity: 658

Merit: 250

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's not too late) You just need to learn about criptocurrency market before investments. And it is better to put your money in several criptocurrency directions to decrease risk of lost money.

golfdoug

newbie

Activity: 13

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What are you going to do with your time? If you are like me ( I am 70) you need a hobby and following Bitcoin is alot more exciting than following the Nasdaq stock market. If you believe this guy you can leave your kids or your dog a single Bitcoin and be a hero. Bitcoin Prices Could Reach $196,165.79 https://lendedu.com/blog/investing-in-bitcoin

Wulanayu

full member

Activity: 336

Merit: 100

There is no word late in the world of investment, wanting old and young have the same opportunities to succeed, because everyone has a different success period there are some young who have old and new success, then from there when there is a will why not.bitcoin can also inherited when he was able to hold it, so is not this a plus bitcoin value.

doedz

hero member

Activity: 1106

Merit: 502

Be a trader, this is a great suggestion. Spending my old age by doing business at home I think it is the right business choice.
we have time to monitor prices. Sit down and earn money.
There is no age limit in the crypto world. Children or parents can earn substantial income.

micloop

full member

Activity: 448

Merit: 114

There is a rule in investing: rate and time to get a determined aumount.
If you're old, so you don't have much time. Then, it's necessary a good interest rate.
We all know that good interest rates, presume high risks. Yet, it's up to you to assume it or not.
Lastly, I'd say: its worth the risk, if you know what are you doing!

betMaster

sr. member

Activity: 336

Merit: 250

Elderly persons aren't always into new risky things or experiences , because they judge that they already got to live and have all the funs , laughs and thrills they need to . And now they aren't adding any value to the society and are just consumers who live out of a determined pension . If they invest that money into bitcoin for example which is kinda expansive at the moment after it got up from the latest drop due to bitcoin cash . These people won't be able to make great profits since i don't think they'll be able to invest large amounts of money , and all of this trouble for a risk they can't really offer because without that pension they don't have any other source of money and would eventually have very hard times especially in that age .

krauzzer02

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Merit: 101

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?

Even in technological advancement I've seen some elders who adapted to computers, smartphones and uses of the internet. they even beat the millennials in terms of knowledge about it, how come it is too late for them to relay and invest to the new technology/system for currency that is being served to us.

I heard some stories to my office mates that they taught and introduced to their grandparents the uses of bitcoin and some cryptocurrencies and why it is a good investments mostly for the senior citizens, their response is fascinating because they have very good feedback about it. I remember it is way back January 2016 so they probably earning right now just by hodling.

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