Bitcoin investment for the elderly.

[Different patterns]

If we are looking the age of 70-80 years, there won't be any more income flow, but rather, retirement benefits (if any). At this age, investment is no much a priority, cause age is far spent, and when it comes to investing in crypto currencies, Bitcoin is one and of which is best for the long term.

Also, such aged person, might not have the fluency is going through the market patterns on how to go around it, in terms of taking profits and buying at the deep.

The bottom line for this, should be for his/her children's benefits in life, cause for him, I don't think money is much important compared to family at this point. So, whatever he does related for money, is no more for him, but for his family.

IMO

From what OP said, if a 70-year-old wants to invest in Bitcoin with no prior knowledge about Bitcoin, my advice would be for them to get properly educated about Bitcoin first. Once they have a basic understanding, it will be easier for them to start. In normal circumstances, investing in Bitcoin carries potential for profit, especially with long-term investments. The key is patience investing for the long haul and forgetting about it for a while. I believe that in a couple of months or years, the price of BTC could potentially pump more than its current price.

[Promocodeudo]

One thing you need to note is that not everyone from the seventies are outdated so if any elderly person wants to invest there is nothing wrong with an elderly person investing in Bitcoin it's just in this part of the world were people will call themselves elderly and will like to oppose anything that is new and not known in their times as scams or will be advising the younger once to be careful with things that they are known used to so to me it's left for the person involved to allow someone younger and is enlightened about crypto to school him or her so that such a person can start investing.

You're right, in the developed countries that age range, is still a guy man even in this country they're people within that age bracket that knows the recent happenings and innovations, it just a matter of the elderly person involved and their level of exposure, here in this country age is very important to people even when they have not achieve anything, Bitcoin investment has nothing to do with age, anyone can invest if the want, there are people that like learning things on their own, the way the make use of their phones or other gadgets will make you doubt if actually they are old, if it is require this elderly people to learn from new school guys fine as far as it will help them to invest, there's nothing bad about that.

[Marykeller]

Know this, everybody is working to be financially stable, no matter their age. I don't think that it's only the young people who pursue that the most, leaving the elderly behind in technology and bitcoin.

We are living in a global village where everyone can explore with their gadgets, in the comfort of their home, not letting their age be a barrier to the financial freedom they want to achieve.

You can be old and end up becoming the richest person in your society because of the business or investment you made. The ideal thing is for you to get the right knowledge and information.

Bitcoin, as they say, is for everybody. What is there, is to grab the knowledge first. Every other thing would be made possible if the financial resources were available, and you are patient through the investment journey.

[Youngrebel]

Op when you say bitcoin investment for the elderly, I may ask from which age you dey talk about because not all the elders can invest in bitcoin because of their age. I don't think someone from 80s is still good to invest in bitcoin because di life span is not long again and if him dey invest then na for him children. But in 70s the person can still invest in bitcoin because im still get like 10 years to live and 8 years na good time to invest in bitcoin.
If the person use N5,000,000 to invest in bitcoin in 8years and the purchasing rate is $100k and the 8 years time the price don go reach $400k, men na good investment be that, im go enjoy in very last days on earth. And that go make am come back again to di world.

[rachael9385]

Imagine I am a person from the seventies. I know nothing about current technology and Bitcoin.
Hearing the talk of Bitcoin around, I felt that I also need to invest here.
Now what advice would you give me? Which advice will have the highest chances of profiting from investment if I follow it?

In my case, questions are very important for beginners. You should provide your best opinion here. So that the opinions are useful for those who want to start investing in Bitcoin.

Whether young or old everyone needs money so if you show interest I would have systems that will be clearer fro you to understand. It might be challenging due to the fact that you know nothing about current technology. First of all, you must be enlightened properly about the market for some months and more importantly you must learn how modern day technology works because it would be of no use if you invested in Bitcoin without knowing how to make use of a device to check your assets and monitor your investment..so basically, the first step would be teaching you everything about how to make use of these devices and gradually you'd learn about wallets and exchanges

[Dr.Bitcoin_Strange]

Bitcoin investment doesn't have an age limit, as long as you have interest to invest, you can do so but at your age, you should also be more concerned on the purpose of your investment, like the person (s) you going to transfer this asset to and how they can go about it in your absence. I have heard some older people that started investing into Bitcoin maske some statement that "this Bitcoin investing is for grandchildren" And if that's the case, they always make provision for asset transfer. So, you should do same, also make sure to use a safe wallet and back up your private key offline, don't store your Bitcoin on centralized exchange.

[Grace333]

Bitcoin investment doesn't have an age limit, as long as you have interest to invest, you can do so but at your age, you should also be more concerned on the purpose of your investment, like the person (s) you going to transfer this asset to and how they can go about it in your absence. I have heard some older people that started investing into Bitcoin maske some statement that "this Bitcoin investing is for grandchildren" And if that's the case, they always make provision for asset transfer. So, you should do same, also make sure to use a safe wallet and back up your private key offline, don't store your Bitcoin on centralized exchange.

You sha dey correct, Bitcoin nor get age barrier at all, anyone with interest can start investing... But like you said, the real purpose behind the investment matters a lot. It reminds me of Warren Buffett, were dey invest since he was young and even at his old age he is still building, not just for himself but for generations after him. That is the same mindset we should carry with Bitcoin.
It is not only about us holding now, but also making sure it can be transferred safely to those who come after us. Having a secured wallet, keeping your private keys offline, and even leaving proper guidance for your loved ones is very important, because at the end of the day, wealth nor Dey complete if e nor outlive you…

[Coin_info]

Imagine I am a person from the seventies. I know nothing about current technology and Bitcoin.
Hearing the talk of Bitcoin around, I felt that I also need to invest here.
Now what advice would you give me? Which advice will have the highest chances of profiting from investment if I follow it?

The advice I will give to someone who is in his 70s and doing well will be different from the advice I will give to someone who is in their 70s and still struggling financially with life. For someone who is doing well my advice would be for them not to hurry into investments, but calculatedly invest what they can loose. While for someone still struggling financially and at that age, and considering their health, you begin to wonder if they will be able to handle losses or a drop in the value of bitcoin after they invest. I may advice them to first seek a viable source of income, because investment na for person wey dun first chop.

[Glowy]

Imagine I am a person from the seventies. I know nothing about current technology and Bitcoin.
Hearing the talk of Bitcoin around, I felt that I also need to invest here.
Now what advice would you give me? Which advice will have the highest chances of profiting from investment if I follow it?

In my case, questions are very important for beginners. You should provide your best opinion here. So that the opinions are useful for those who want to start investing in Bitcoin.

I will say start small, and have a long term plan inn mind. And invest using reliable platforms. So that you will not hear stories.

[Makus]

Imagine I am a person from the seventies. I know nothing about current technology and Bitcoin.
Hearing the talk of Bitcoin around, I felt that I also need to invest here.
Now what advice would you give me? Which advice will have the highest chances of profiting from investment if I follow it?

In my case, questions are very important for beginners. You should provide your best opinion here. So that the opinions are useful for those who want to start investing in Bitcoin.

Honestly speaking ehn, majority of our people wey dey 70 years upward no dey even dey think of investment opportunities again na mostly those below.  The 70s men dem feel like say dem don live their life finish and now na the time to set down enjoy their works make their children for begin feed them. Because  imagine them born at the age of 30, their children suppose dey 40 which is a grown man, but if that kind person still insists to invest for bitcoin then my advice is, even gats get one trusted person wey go also hold em seed phrase for am should in case the other realm call am so that em bitcoin no go belike those trapped coins for wallet wey no way to assess them.

[Zigabel]

Imagine I am a person from the seventies. I know nothing about current technology and Bitcoin.
Hearing the talk of Bitcoin around, I felt that I also need to invest here.
Now what advice would you give me? Which advice will have the highest chances of profiting from investment if I follow it?

In my case, questions are very important for beginners. You should provide your best opinion here. So that the opinions are useful for those who want to start investing in Bitcoin.

For someone in their seventies I will advise you invest in Bitcoin for the sake of your grand children or your children maybe because if you are to do the long term investment which is what I will mostly  advise, looking at live expectancy generally, you will not be in the best state of health or mind in the next q0 to 15 years to utilise the benefits that will be gotten from the investment in Bitcoin in a long term period.  You can just throw in some funds  there if you have it and then will it or gift it to your kids or grand kids so that they will benefit from it in the near future.

As a man in his seventies coming in contact with Bitcoin for the first time, except you are a very educated and versatile smart person who's mi d is still sharp and very updated with Morden technology and trends, I will advise you employ the services of a firm, preferably a brokerage firm who branches into cryptocurrency and ask for their advice and be guided professionally to invest and secure the future of the younger ones after you, otherwise if it's a young man with a very sharp mind, my advise is simple dedicate 6 months to learning and gwt into bitcoin, you will do pretty good for a start

[mid9tclaw02]

Imagine I am a person from the seventies. I know nothing about current technology and Bitcoin.
Hearing the talk of Bitcoin around, I felt that I also need to invest here.
Now what advice would you give me? Which advice will have the highest chances of profiting from investment if I follow it?

In my case, questions are very important for beginners. You should provide your best opinion here. So that the opinions are useful for those who want to start investing in Bitcoin.

[Odogwu-Blockchain]

Now what advice would you give me? Which advice will have the highest chances of profiting from investment if I follow it?

In my case, questions are very important for beginners. You should provide your best opinion here. So that the opinions are useful for those who want to start investing in Bitcoin.

Let them view Bitcoin as similar thing to real estate just that it's quite different in usage and place of storage. Let them understand the background knowledge about crypto first, and I believe since they are old enough, they should understand more better using their experience about life and I'm sure they going to enjoy it.

Since many of the oldies are not using smart phone, let them get one to watch their investment increase and decrease, but I'm scared, seeing their coin value decreasing in value might cause them High Blood Pressure.

[SuperBitMan]

If the person is from the seventies it means he or she is  already old so my advice for the person will be base on his
or her age, first if he or she wants to invest in it and then pass it over to his children then I will advise him to go into long term Bitcoin investment using the DCA strategy and again I will advise him or her to only use his or her discretionary income to accumulate Bitcoin and the person also needs to have a backup funds which is emergency, reserve and float funds, then if he or she those not want to pass it to his children I will advise the person to invest in short term and if he has good amount of money he or she lump sum will be the best strategy of investment, DCA strategy is only good for those who are accumulating and holding Bitcoin for long term.
And finally I will always remind him or her that Bitcoin investment is one of the best investment in the world and that being consistent is one of the ways to achieve success.

[Achalugo BTC]

Imagine I am a person from the seventies. I know nothing about current technology and Bitcoin.
Hearing the talk of Bitcoin around, I felt that I also need to invest here.
Now what advice would you give me? Which advice will have the highest chances of profiting from investment if I follow it?

In my case, questions are very important for beginners. You should provide your best opinion here. So that the opinions are useful for those who want to start investing in Bitcoin.

For me, I always ask them or  instruct them to go and learn or study what Bitcoin is really all about, by studying what Bitcoin is, they get to understand that Bitcoin is a volatile asset, which is  essential for one to be aware of the potential risks and rewards too and most importantly, it's important for them to get a wallets that will secure or protect their investment, but first they will have to research on which app they want to download that will be suitable for them to use.
Also,it's essential for them to practice discipline, self-control and patience, because this can support them to achieve their goals. So no matter any age one is, as far as you can be able to adhere to all this rules, you can go to go.