Too late to invest in cryptos if you're old? - page 48.

Xester

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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?

Elderly people still have the chance to invest in crypto. Besides bitcoin is designed without any said qualifications. Also, there is no late nor early when you want to invest. And they also have lots of money thereby they have lots of investment.

mahibul49

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its still early

i dont think its late to invest cryptos yet

garytheasshole

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Chosŏn Minjujuŭi Inmin Konghwaguk

Well it's much better than playing bingo and smelling piss all the time.

Games.Bitcoin

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I agree with what most of you say. I believe in cryptos. I believe that due to the popular attention it's getting, BTC could rise above $100,000. I do also think that there are going to be major dips and peaks to get to that stage.

It all falls down to where the retired gets his/her money from.

Savings = Too risky. In case of emergencies, their investment could be going through a dip.

Pension/Small Jobs/Extra income = If they are able to play around with money, I would recommend anyone of any age to educate themselves with cryptos. They could make a lot of money!

Drnice

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The age is not really an issue, if the person in question understand it or will understand it when he/she is taught, then there is no trouble. What really matters is the understanding of how the crypto market operates, with that then there is no problem.

Tapyaks72

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Quote from: sunno330 on November 12, 2017, 08:52:35 AM

Quote from: susyadav1 on November 12, 2017, 05:12:06 AM

Its never too late to try on something. You can still make a handsome amount of money while investing in bitcoin.

I agree with your words. Cryptocurrency can always be e-invented. But in your time you can do a lot of things if you can invest or hold a good amount.

No its not too late to invest cryto currency even if your are in the late age because crypto can easily be learned a side from it is profitable it will serve also as past time for the oldies it will be a good leisure for the retirees.

Sarastiche

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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?

For the elderly,it depend on the career path they are on,if they are use to the internet and using the laptop,its easier for such a person to join the crypto train
But I wont advice investing all pension into BTC

Siddela Sarat Kumar

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No. You can probably invest in some altcoins. Make good fast money by trading. It's never too late to invest in cryptos.

sunno330

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Quote from: susyadav1 on November 12, 2017, 05:12:06 AM

Its never too late to try on something. You can still make a handsome amount of money while investing in bitcoin.

I agree with your words. Cryptocurrency can always be e-invented. But in your time you can do a lot of things if you can invest or hold a good amount.

FasTroy

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Quote from: Indrawan77 on November 12, 2017, 06:02:25 AM

Anyone can join to invest in crypto currencies, but does the person ready to lost the money, since the elder already living with retirement money it is better to stay away from risky investments, crypto currencies is a very risky investment, if you see the chart the price movement is really wild

You are right, It's risky to invest in cryptocurrencies, because you don't know when a cryptocurrency increase or decrease, you should depend on your point of view of market. By the way, I don't think that is too late to invest in cryptocurrencies for elder, because they can even make a huge profit in 5-10 years later.

Prodigan786

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No way even it’s best time to invest on bitcoin because I was regular trader in all manner like equity, commodity, forex but nothing find profitable like cryptocurrency . I think it’s easy to speculate the coins are token still it’s under the control of community. So if you follow the community it’s much easier to get profit .

aso118

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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 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.

htsz_da12

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When it's not late, bitcoin is a value investing right now, and you think you can make some money by buying it for a try. If you think it will not work, it is appropriate to withdraw from the line.

dali_masmoudi

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Same as love, age in crypto World is just a number. But money and investments are not just a number, they are the most important things in this field.
If you have money you can invest in Bitcoin but are going to have a profit ? Personally I don't advice new investors to invest in Bitcoin because it is very risky today with the big raise which can be followed with a big drop.
There is many cryptocurrencies increasing today you can invest in, such as e-Bitcoin, Etherium, etc ....

Indrawan77

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Anyone can join to invest in crypto currencies, but does the person ready to lost the money, since the elder already living with retirement money it is better to stay away from risky investments, crypto currencies is a very risky investment, if you see the chart the price movement is really wild

Games.Bitcoin

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Quote from: rosepetals on November 12, 2017, 05:44:26 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 never too late to invest,there is no qualifications in jpining the crypto world,they just need more explaination how their investment works and profits as well..every minutes there is a movement in price and It is very important that they would be open minded that they take a risk for their money and its pretty sure that for their old age they already understand how investments run.Even at their old age its good thing to know that there is still good opportunity thats knocking in their doors.

Do you think it may be too late because if they invest, they may not be around in time to pull out of the market and benefit from the profits?

rosepetals

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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 never too late to invest,there is no qualifications in jpining the crypto world,they just need more explaination how their investment works and profits as well..every minutes there is a movement in price and It is very important that they would be open minded that they take a risk for their money and its pretty sure that for their old age they already understand how investments run.Even at their old age its good thing to know that there is still good opportunity thats knocking in their doors.

modsa

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just last 3 showing us i mean bcc. you dobt eveb imagine what happen in this market.

HeRetiK

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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 depends. For bolstering ones pension fund I personally would find it too risky. But I would say the same about stocks for that matter.

However if you don't mind not being able to personally profit from your investment -- ie. in case of a prolonged bear market of 5-10 years -- and plan on potentially leaving it to your descendantes -- then, but only then, I would consider it.

Halcyon Days

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I agree, it is not too late to invest in cryptocurrencies and the age of the person should not matter. Even though they might take longer to understand cryptocurrencies, this is still an opportunity as the crypto world changes very fast. However, they should only invest money, which they can afford to lose.

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