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Author Topic: Too late to invest in cryptos if you're old?  (Read 5862 times)
reingelz09
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December 04, 2017, 11:20:05 PM
 #181

i think there's no age limit in investing cryptos. its actually happen in some cases, that an old man invest in bitcoin and give it to his son/or grandchild or the one who keep taking care of him.
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December 04, 2017, 11:24:38 PM
 #182

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 not too late for anyone who wants to invest in bitcoin but investing have a great risk so better learn first before entering with any investment.

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mornabo
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December 04, 2017, 11:27:29 PM
 #183

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?


If your financial situation is secure, i.e. you withdraw less than 4% of your assets annually to pay for living expenses, it may be worth investing 2-4% of your investment capital.

This would put you well ahead of most investors in allocation to cryptocurrency.
yeah if you are old and do not have any income from your job then it would be better if you see your financial condition first, because investing in bitcoin is a big enough risk, so estimate your financial condition, if you still keep a lot of money then it is ok you put your money in bitcoin and even now it's not too late anyway,,
Commitments
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December 04, 2017, 11:28:15 PM
 #184

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?


Invest , don't lose the opportunity is a good way to earn in short terms nowadays.
rahmanrock
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December 04, 2017, 11:30:02 PM
 #185

This year has been a huge year for Bitcoin and cryptos.Its never too late and even the right time to invest in bitcoin if only you have the money to buy it. Remember Bitcoin is meant to be profitable
when invested for a long term, i suggest the earlier you invest the better.so it will be better to invest in cryto world now.
andthereyou
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December 04, 2017, 11:30:07 PM
 #186

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 me it's not too late. Even retired or a student can invest and still gain profit. Imagine the price of bitcoin and ethereum last year, the price was low and now if you only you invest you can have a big profit. There are more years to come why not invest now.
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December 04, 2017, 11:36:04 PM
 #187

I dont think it is too late for them to know about bitcoin. However, I think it is so hard for them to understand about it. I dont know, but I found my father who is 75 years old has trouble in understanding what is bitcoin and how it works. Maybe some old people can understand it very well.
I think that age is not a big factor in regards to starting an investments  on bitcoin. Because I see that most people who uses bitcoin are the mature ones, and for some to have maturity time and years need to trained and to established  them. So it definitely  equal for the opportunity  it could give to us people.  It will just depends on lie management  on how we are going to earn more and to have a bigger profit in the future.

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kenjohannes26
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December 04, 2017, 11:45:16 PM
 #188

To me no one is late, even though you are old you can still play cryptos. It's great to play here, so many new surprises.
JTASSOCIATES
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December 04, 2017, 11:49:47 PM
 #189

Nothing is too late in life my policy is better now then never. Opportunities never predicted and it never avoid old or young. It is up to the persons attitude how much risk he can take in his life at what level. After retirement he is relax and focused on the target so cryptocurrencies for the retired persons best choice the don't have fear of loosing anything as they already getting pension as secured income.

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bxbxy
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December 04, 2017, 11:54:02 PM
 #190

I don't think that it is too late for the old ones to invest in cryptos because they can still use their investments and make it grow or if they retire they can enjoy their investments.
MommyElsa
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December 04, 2017, 11:59:49 PM
 #191

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?


Not too late for the erderly to invest in btc. If they can buy a bitcoin then why not. They can invest if they can manage their investment. It will help for them to preserve their money.

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Yakamoto
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December 05, 2017, 12:11:40 AM
 #192

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 wouldn't say that it is too late for them provided that they are not investing wealth that they cannot afford to lose. They always have the opportunity but they should be prioritizing their retirement and longevity rather than trying to make more money off of something which is incredibly volatile and essentially constantly subject to change. I wouldn't be putting much faith in the blockchain if I was in my retirement honestly, there's a lot more safe investments that could be used instead.
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December 05, 2017, 12:22:51 AM
 #193

I think its ok even though your old to invest crypto because cryptocurrencies is still rising today and your investment maybe can help for the future of your childrens or relatives you wanted to help, even though your old doesn't mean that you don't have purpose at all there are so many things you can do. Also if in middle ages its still a big help when you old and need a medicine maintenance.

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December 05, 2017, 12:26:54 AM
 #194

Hell no!
You might need sometime to adopt the new information, but there is no age for reading a book.
wagi
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December 05, 2017, 12:30:31 AM
 #195

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?


If they start it in old age as beginner, i think it will be a bit difficult for them to understand what is this crypto world.
I will say its not too late if they can understand all of about crypto and also the risk.
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December 05, 2017, 12:41:26 AM
 #196

In my opinion, I don't think that there is a age limit to be an investor in crypto. Also there is no such thing as late since almost every week there is a new coin introduced which means that you could still catch up in different coins. And yet the fact that they have more fiat money available makes them a VIP in investment here.
chichiah
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December 05, 2017, 12:53:50 AM
 #197

As saying age doesn't matter, as long that you know how to use the computer and you know about the crypto currency you can invest anytime you want it. So don't be afraid if you are too old for that.
bakkang
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December 05, 2017, 12:56:41 AM
 #198

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 is time for him to rest because he work all throughout his life so he deserve to rest and enjoy the result of his hard work. But as long he don't want to stop working therefore investing with bitcoin is the best thing he must do. Bitcoin doesn't required age but as long as you want to invest.
iamsether
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December 05, 2017, 01:00:32 AM
 #199

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?


Not too late at all. If I were old and living off pension I'll probably set aside some funds to buy Bitcoin or any good altcoins out there. There's even an advantage of being old as you can study more about Cryptocurrency since you've got a lot of time, just be sure that your mind is still sharp with anything because if you are suffering from memory loss it'll be hard to enter in this kind of business as you tend to forget everything.
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December 05, 2017, 01:22:03 AM
 #200

Now is the time of the beginning of the crypto market, 2018 will be a very strong development year of the market. It will not be too late if you invest in the crypto market today. Remember to be cautious with your investment projects.
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