Too late to invest in cryptos if you're old?

[Thanushka47]

no, I don't think so. it is never too late but the only problem is they might face bit difficulty with understanding these processes.

[Mumbeeptind1963]

If they still understand and has a knowledge about the uses of bitcoin and technology they are not late. It will also depends on the type of personality of a human, if someone old makes always wrong decision it is advisable to stop them quickly before it is getting late.

Until your alive and kicking you can use bitcoin even your old as long as you have knowledge about cryptocurrency, also anyone can used it even you're old, young, rich or poor, educated or not, it can use of any people. But for me until you are young use bitcoin now because you have potential to earn more and become rich.

[Gens09]

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 yet late even they invest in their ages it's okay and for them to access they must have someone with them who'll help them to invest so that if there's emergency or things that didnt want to happen example they died accidentally there are someone who still operates their investment in bitcoin there's someone who can get their money and their children and grandschildren can be the beneficiaries of their money

[noictib]

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?

Here you means to age , that the person is retired and he is living at his pension , here it will be more better for that perosn who has passive income and he has not much need of much money at that age , so surely he has money available for the investment in cryptocurrency .
But here a big problem is the understanding , if that person have not much understanding in cryptocurrency then first of all he will needed to understand about this thing and how to handle profit and loss . otherwise if he enter without knowing the actual thing that he will loss much money otherwise luck can help him .
So we should explain first about this thing before to jump in cryptocurrency to that person .

[francis2]

If the person is a pensioner it is even the right time to use some of his or her penson to purchase bitcoin in order to create a means of getting passive income regularly.

But he is already getting passive income since he is getting a pension for which he worked all his life, at that point you should be worried about how much to collect from your pension not about your investments, being worried about your investments is for people that are still working.

No it’s not true bitcoin can be join by everyone either you are old or young because bitcoin is for every one and any time any place you can join bitcoin and you can change your life in my country there are different people who are using bitcoin I know some rich and poor people also students and business mans are using bitcoins and all of them are taking a very good profit from it and now house wife’s have also join bitcoin so bitcoin is for everyone.

I disagree bitcoin may seem that is for everyone but that is not true, is like saying that anyone can play football, in theory that is true but if you want to play at the highest level and play on the NFL then you need to be young and strong, bitcoin is similar you want to profit the most out of your bitcoin then you need to be young so you can hold for a long time.

[AtlantaFive]

Age does not matter when it comes to investing as long as you have money to invest then it's ok. Always keep on mind that there is a risk when investing. If they know how to use internet then it's not a problem. Eventually a lot of old people will take it as a good opportunity to earn.

[lilinatation]

It's a very good question. If the old invest a big amount of money no need to wait a long time to double your investment. See how it went fast this last months. If the person invest less the person will have to wait longer.

[9jaflick]

it is not too late for am elderly man to invest on crypto currency, but i will also advice short term investment, and also, at least one member of his family should know of his investment in case anything happens to his health, so that they (his family) can have access to his asset.  

[Famnant]

It is never too late to invest in Bitcoin since its price is constantly increasng (yes i know these days is decreasing but it will always go up ) so i am sure that even if you invest know you will probably make profit after some time. and if the predictions are right its price sould reach the 100k in end 2018 so why not  invest know ?

[zolfa]

the best option after retirement, in my opinion is invest in the crypto world. then the profits can start with a small business. it is never too late to invest in the crypto world.

[andrei56]

keep in mind, in the crypto world there is absolutely no word late, if you say it's too late it's wrong. it is time everyone will go to the world of crypto.

Late is a relative term, late for what, if you mean late by getting rich by investing a few hundred dollars in bitcoin then that is right you are too late, but you can still become rich with bitcoin but only if you are willing to invest a good amount of money.

[Gabrieelle]

it is not too late for am elderly man to invest on crypto currency, but i will also advice short term investment, and also, at least one member of his family should know of his investment in case anything happens to his health, so that they (his family) can have access to his asset.  

There should always be a back up plan and I think that is one of the the important things when investing in cryptocurrency, we must have someone who we trust to know about where we keep our coins so in case something bad happen they do something about it, especially to those who are planning to invest in an old age they must keep it in mind.

[jassanpary]

the best option after retirement, in my opinion is invest in the crypto world. then the profits can start with a small business. it is never too late to invest in the crypto world.

In my opinion it's not late for some who is old or retired from his job actually that's an advantage, they will get more time than others as they have retired so that can concentrate more in the bitcoin, instead of being jobless can consider bitcoin to earn money after the retirement.

[Kulafu]

If you see the potential of the bitcoin age doesn't matter.
success doesn't belong only for the young.
Remember a story of KFC he become successful in business at time he retired.

[imking]

I think age doesn't matter, as long as you know and you love what are you doing. People could then immediately gain revenue in couple of weeks dealing with crypto. Like when an elderly invest his money in a not famous altcoin then suddenly the coin increase its value a thousand fold within a month or two. So there could be an instant huge sum of money. However, if the elderly will start a small amount of money, this could be hard and may required plenty of time. At the end, elderly have experience having a huge amount of money, before they gone Im sure what they would like to do is to spend their live to the things that could make them happy.

[Yousint0r]

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 but we have more knowledge to investment in cryptos, it is not game it is serious investment and without know will lost all of them.

new members sell fast than old

[andrei56]

Old age is not an obstacle, we can advise our retired relatives to invest in bitcoin. Explain to them, but do not force them to invest. Let those who decide for themselves whether to invest or enjoy their old age without interruption.

You may want to rethink that now, being old is an impediment to hold bitcoin for the long term, what are you going to do if you invest in bitcoin and then suddenly everything goes down and you lose a lot of money and due to some emergency related to your health you are forced to cash out even when the price is that bad.

[crypto4lambo]

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, it is never too late to invest in crypto, never it will. It can give great returns in just a short span of time because of its volatility. Elders can benefit from it. No other investment tool can give such returns, even established companies and respectable institutions can’t return the way cryptos can. Though it has way more risky than others but if you can have a great strategy then you can go places. Just invest what they can afford to lose and learn to diversify.

[arrivabazza]

Age doesn't have anything to do. To be honest with you a passionate person who invests time on this can become wealthy and super successful, people with a background in finance and tech can easily dominate this subject and make some profits out of it. It's a matter of enjoy what you are doing,

[JohnDoe3490]

It is never too old to invest. It is like saying is it too old to invest in stocks? You can invest for your future or you can invest for family. You can invest to try to become a millionaire. All options are open. Take caution and do your own research.