Topic: Too late to invest in cryptos if you're old? - page 7. (Read 5928 times)
There its no qualification in jpining the crypto world , they just need more explaination how their investment works and profit as well . Every munite 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 investment run.
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 is never too late to invest in bitcoin even though you are now old. It is because bitcoin did not even restricts the people who use to their age, race, and etc. Who knows, maybe this is your break. I remember the founder of kfc became successful at the age of 60 plus. So even you are young, a teenager, a parent, or even an old man, you are welcome to do bitcoin related activities as long as you have the enough knowledge and understanding and you also need time and patience to do it. 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 this is true then why Bill Gates invested in bitcoin, it is not about the age of a person if he want to invest. It is about the commitment and also the determination to invest and to build a good amount of assets on this portfolio. Even you are old but you are so eager to invest in bitcoin then it is not late but make sure that you can do it on the right way.
I don't think it's too late, but with an unstable crypto currency condition, I would not suggest to someone who is old and retired. Because I think for their health. With all possible loss and shock. But if they insist and want to understand the crypto currency. I will explain about profit and loss. So they can choose to risk their taking.
I think not even you're not investing then you'll get big bucks because all the coins in coinmarket have fallen so good to buy altcoin now because of cheap and fallen price
It's not too late to invest as long as the person is ready to take the risk. Age doesn't matter if you invest in crypto currencies just give your trust on it and take risks and believe. Its hard to invest into something which you don't know nothing. You need to be careful not to invest all your money in bitcoin, because bitcoin is unstable and if you fail you may lose everything.
i dont think so,is only to late when one stops breathing,anything is achievable.
It's like calling older people stupid. Do you know how old persons are also called? Mature. They have life experience and because of that can and know how to keep a cool head when under pressure. And seeing how people here get into panic mode and sell every time bitcoin has a drop I think they could be the best in dealing with it.
I am a mature man, close to fifty years old and I do not see any problem in approaching a technology such as cryptocurrencies, especially when this approach has been made in a natural way due to the nature of the business I do. Therefore I believe that interest in this exciting cryptouniverse is not restricted to certain age ranges, but is open to all ages and social levels.
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 investing in bitcoin has a lot to do with age. Now is still a good chance of investment bitcoin, today, when the currency fell to $7900, I choose to buy the bitcoin, I think now the price of the currency is still very low, it will rise soon 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?
The age don't matter, even if you re old you can still investing in crypto currencies, and getting the profit for yourself and for your family. You can let the private keys of your wallets with the very trusted one from your family, so your family get the benefit from your investment after your death.
guys remember one thing: it's never too late to invest in bitcoin and the crypto market! if you look at longevity - buy bitcoin must always buy and at any price! This market has just started to develop and we are at the very beginning of its development! I'm sure that the crypto market will surprise us many times!
I think its not to late, aslong as that old person can still understand, can still read and still healthy.
Even though they are retired and have a pention they can still join here. All the money they can earn will be used or can be used as saving for thier childs or grand childs.
But they have to minimize their exposure in crypto because it can give them stress and sometimes sleeping in the right is an issue.
Even though they are retired and have a pention they can still join here. All the money they can earn will be used or can be used as saving for thier childs or grand childs.
But they have to minimize their exposure in crypto because it can give them stress and sometimes sleeping in the right is an issue.
It is not too late to invest in a cryptocurrency, because investing is a lifetime thing rather than a young man's job.
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?
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, it is never too late to start bitcoin, even though they are parents. I think if they retire and decide to buy bitcoin then they will benefit from bitcoin and be able to meet the needs of his old age.
Of course not! Being into crypto will be never too late no matter what your age. I believe that we will just have our own different starting point. For the old ones if they have the interest to put their money on it and the will to keep up, especially on understanding cryptocurrency then it's not too late. Just remember that cryptos have still a long way to go.
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.
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.
I think in bitcoin, age doesn't matter. Investment encompasses age. But of course, it is good to invest in bitcoin when we're young. We will be able to have a close guard to our investments for long.
It seems to me, even if you are not young, but you are interested in new things, such as crypto-currencies, so it is mean that you live in step with the times. This is very good for selfdevelopment!
I guess age is not a limitation when you're going to enter the world of digital currency. Bitcoin is open to all ages provided that you're interested and provided that you can still understand and analyze what your doing because good understanding and wise decision making is a must in this kind of job.
When it comes to investing no ones too old or too young to invest. Cryptocurrency is not a very old system. Age doesn't matter if you invest in crypto currencies just give your trust on it and take risks and believe. Many people use them to take advantage of their money. I do not think older people should invest in crypto. So do not be afraid and if you know that you're doing right you should not be worried
I do not think it's too late for those who are old when they get to know Bitcoin. as long as there is internet and they can operate the computer, I think it's never too late. remember, Bitcoin prices can rise very high in a matter of months, weeks or even in 1 day Bitcoin prices can rise high. so It's never too late for those who are old.
Jump to: