age 47 is it too late or not to invest in bitcoin.?

[Solokan]

I'm 47 years old, and I see and hear a lot of young people talking about bitcoin, and when I asked 2 young people and I asked, can I be the same age as me to invest in bitcoin? and the young people answered, 1 of them said they could, and the other said no, and the people who answered no, they explained the reason, namely because I was old, whereas if investing in bitcoin it had to be long term.
and the other young man gave me a hint, namely for me to join this forum to ask about me, who is old, is it worth investing in bitcoin or not?

but I personally will still invest in bitcoin because in my opinion there will be no loss in investing in bitcoin even in the long term, that is because I have children, even if I may have died I think there will be no loss, because I will tell my children when I invest in bitcoin .

and I will inherit bitcoin to my kid if I die first.

I want to ask what do all my friends think about this problem?

[jackg]

You're only two years older than the ceo and founder of the largest crypto exchange (who started it in 2017) iirc, what makes you think you're old?

A lot of investors in crypto average around your age. A lot of people on this forum seem to be in their 30s and 40s too.

You need a bit of an ability to learn, the rest can be self taught. I'd suggest learning well before you start investing a lot though - the technology can be unforgiving. If you give it 6 months or something to leaen how things work you'll likely be taking less risks and making more informed choices about whether an investment is a good idea and something you can manage well.

[NeuroticFish]

to ask about me, who is old, is it worth investing in bitcoin or not?

Just think like this: 14 years (and a few days) ago there was no bitcoin. Now it worth a lot.
And think farther: do you expect to live more 5-10 years at least? I really think so.
This being said I see no good reason you would not invest in Bitcoin. Of course, make sure you invest only money you afford to lose or at least to keep locked in bitcoin for long. And please invest if you think so, not because of strangers' advises over internet.

Plus, if you can leave it to your children, even better.

Make sure you set up correctly your wallet, hacks, scams and phishing are real. Easiest is to buy a hardware wallet and keep your coins there (and make sure the backup seed is always stored offline in multiple copies).

[Baofeng]

I'm 47 years old, and I see and hear a lot of young people talking about bitcoin, and when I asked 2 young people and I asked, can I be the same age as me to invest in bitcoin? and the young people answered, 1 of them said they could, and the other said no, and the people who answered no, they explained the reason, namely because I was old, whereas if investing in bitcoin it had to be long term.
and the other young man gave me a hint, namely for me to join this forum to ask about me, who is old, is it worth investing in bitcoin or not?

but I personally will still invest in bitcoin because in my opinion there will be no loss in investing in bitcoin even in the long term, that is because I have children, even if I may have died I think there will be no loss, because I will tell my children when I invest in bitcoin .

and I will inherit bitcoin to my kid if I die first.

I want to ask what do all my friends think about this problem?

Of course the earlier the better, not just for bitcoin investment, traditional markets like stocks advises young people to invest early. However, in bitcoin, it's different because for one the market is very volatile, and we have this so called cycle, so in just a matter of 4 years you could get x amount of your investments if you get in at the right time, just like what we have today, in a bear market accumulate and wait  till the next bull run in 2024-2025.

As for inheritance, this article is a good read: https://news.bitcoin.com/death-bitcoin-digital-inheritance/

[Kaliandra]

In my opinion, 47 is not too old, of course you can still invest in bitcoin. and your decision to keep investing in bitcoin is the right decision. and if you want to pass on a bitcoin inheritance to your child, if you have passed away that is a good thing.

[lovesmayfamilis]

Can you answer a rather strange question? Do you know how long your young colleagues, who told you that you are already too old for Bitcoin, will live? Do they realize that none of us know what will happen tomorrow? So calm these self-confident young men; you may outlive them all. Therefore, boldly invest and do not think about the timing. Bitcoin was created for everyone, and by learning it, you only develop, further improving your brain and body.
In addition, at your age, there are already more opportunities, which cannot be said about young people; there is already accumulated capital, which can many times exceed what young people have. Thus, your output from holding bitcoin will also be greater; you just need to wait for the appointed hour.

[Pandu Geddon]

I want to ask what do all my friends think about this problem?

no problem with age. the most important thing is that you know how it works from your buy and store Bitcoin. moreover, you have another goal, save your Bitcoin for your child.
There's nothing wrong with age, the only thing is you have to tell your child how to access your Bitcoin wallet. without a seed or a key, what you plan to do can simply disappear when your child or wife doesn't know anything.
I hope you are given a long life, so you can enjoy your Bitcoin with your family.

[coin-investor]

You're still young at 47 to do anything and invest in anything, especially Bitcoin, please age is just a number age is the least issue when it comes to investing in Cryptocurrency, and to motivate you further my neighbor who's already 75 years old invested a big portion of his wealth to Bitcoin and planning to make it as part of his inheritance, because he believes Bitcoin will eventually reach $1 million in the future and he wants his family to reap the rewards in the future.

[Solokan]

You're still young at 47 to do anything and invest in anything, especially Bitcoin, please age is just a number age is the least issue when it comes to investing in Cryptocurrency, and to motivate you further my neighbor who's already 75 years old invested a big portion of his wealth to Bitcoin and planning to make it as part of his inheritance, because he believes Bitcoin will eventually reach $1 million in the future and he wants his family to reap the rewards in the future.

thanks for the comment, now I'm even more excited to invest in bitcoin, it turns out I wasn't wrong to join this forum. yes,, indeed what makes me excited to invest in bitcoin or if I die first to give bitcoin inheritance to my children, because I see good potential in bitcoin and I see at cmc the bitcoin supply is only 21 million. so now I am very excited to invest in bitcoin, thanks to all of you who have given positive suggestions, Thank you for everything.

[un_rank]

...and the people who answered no, they explained the reason, namely because I was old, whereas if investing in bitcoin it had to be long term.

At 47, you can very well still invest for the long term. 7-15 years qualifies as a long term investment and at 47 you have more healthy years than that ahead of you to look forward to and possibly something to bequeath to your kin. Bitcoin can help you achieve all these if you invest prudently.

What distinguishes the middle aged to older generation is they seek out more stable investments and avoid more high risk assets, but if you do your research and apply caution while diversifying your investments, it could turn out successful.

I want to ask what do all my friends think about this problem?

This is not a problem, it is just a situation.

- Jay -

[LDL]

Just 47 years old it doesn't matter in cryptocurrency because age doesn't matter to invest in cryptocurrency yes but according to the average life expectancy of some countries 47 years old can be called old age.  And in some countries many apply for government jobs at the age of 47.  Talent is much more important than age in cryptocurrency.  You can invest in Bitcoin wisely even in old age.



https://www.worlddata.info/average-age.php

The average age of the countries mentioned in the picture is above 47 years, the people of these countries will be alive for more than 47 years, then 47 years is not an event for them.  If they invest in Bitcoin at the age of 47, it will not be too late but it will be the right time to invest.

[Solokan]

...and the people who answered no, they explained the reason, namely because I was old, whereas if investing in bitcoin it had to be long term.

At 47, you can very well still invest for the long term. 7-15 years qualifies as a long term investment and at 47 you have more healthy years than that ahead of you to look forward to and possibly something to bequeath to your kin. Bitcoin can help you achieve all these if you invest prudently.

What distinguishes the middle aged to older generation is they seek out more stable investments and avoid more high risk assets, but if you do your research and apply caution while diversifying your investments, it could turn out successful.

I want to ask what do all my friends think about this problem?

This is not a problem, it is just a situation.

- Jay -

thank you for supporting and encouraging me. At first I wasn't confident because I thought most of the people who invest in bitcoin were young people, apparently not.

[m2017]

Your age will not be a barrier to investing in bitcoin because there really is no limit to it. BTC even quite old people buy and topics dedicated to this can be found on the forum.

If something happens to you, then your children will be able to use this btc you bought and this can be the best legacy. Even in the worst case scenario of investing a very old person, bitcoin will pass to his descendants (if care is taken to provide them with the necessary information in advance).

This is not a problem and stop thinking about it, but feel free to invest if you are ready for it, mentally and financially ready, and prepared for the risks.

[Solokan]

Just 47 years old it doesn't matter in cryptocurrency because age doesn't matter to invest in cryptocurrency yes but according to the average life expectancy of some countries 47 years old can be called old age.  And in some countries many apply for government jobs at the age of 47.  Talent is much more important than age in cryptocurrency.  You can invest in Bitcoin wisely even in old age.



https://www.worlddata.info/average-age.php

The average age of the countries mentioned in the picture is above 47 years, the people of these countries will be alive for more than 47 years, then 47 years is not an event for them.  If they invest in Bitcoin at the age of 47, it will not be too late but it will be the right time to invest.

your explanation is very good, and the data table you made, makes me understand and understand better.

[tranthidung]

It is not too late to start at age of 47 but because you are no longer young, you should be more careful.

If you make mistakes and bet all your money, savings in Bitcoin and by whatsoever reasons lose all your fund, you will likely kill yourself. You will burn your fund which you earned after many years of working and you won't have many years left to work and earn a same fund. A chance to restart and get a second chance would be very small for you.

Now, what are sorts of mistake can cause such horrible loses?

• Trading
• Trading with leverages (Margin), Futures
• Don't buy BTC but buy Wrapped Bitcoin tokens. I explained in the quote.
• Join Ponzi, pyramid schemes
• Gambling irresponsible

Wrapped Bitcoin is not Bitcoin on Bitcoin blockchain.

These wrapped ones are tokens on many chains that can be Ethereum chain, Binance Smart Chain, Solana chain and any other chains. These tokens are promised by their teams that they are backed by bitcoin with 1:1 rate.

Because, wrapped tokens have pegs, they can lose pegs (de-pegs) like stable coins de-peg (UST, TUSD etc.)

A beginner's guide to understanding wrapped tokens and wrapped Bitcoin
What’s Happening With Wrapped Bitcoin on Ethereum?

You will ask a question "Why were these wrapped tokens created?"

• They were created to steal your bitcoins.
• Rather than buying and holding bitcoins, you buy these tokens and use them on other blockchains. When they de-peg to zero, you have a wrapped token in hand and have no bitcoins.

[Upgrade00]

I thought most of the people who invest in bitcoin were young people, apparently not.

Well, even if the majority of investors are younger people, that doesn't limit you in any way. You decide your own investments and actually qualify as a part of the younger generation in certain definitions.

What really matter is how young you are at heart and how open you are to new technologies.

[Solokan]

I thought most of the people who invest in bitcoin were young people, apparently not.

Well, even if the majority of investors are younger people, that doesn't limit you in any way. You decide your own investments and actually qualify as a part of the younger generation in certain definitions.

What really matter is how young you are at heart and how open you are to new technologies.

it's true what you say, yes actually young or old will not be an obstacle to investing, because we will not know how old we are. the point is we have to think positively in all things, thank you for the advice you provide.

[macson]

I'm 47 years old, and I see and hear a lot of young people talking about bitcoin, and when I asked 2 young people and I asked, can I be the same age as me to invest in bitcoin? and the young people answered, 1 of them said they could, and the other said no, and the people who answered no, they explained the reason, namely because I was old, whereas if investing in bitcoin it had to be long term.
and the other young man gave me a hint, namely for me to join this forum to ask about me, who is old, is it worth investing in bitcoin or not?

but I personally will still invest in bitcoin because in my opinion there will be no loss in investing in bitcoin even in the long term, that is because I have children, even if I may have died I think there will be no loss, because I will tell my children when I invest in bitcoin .

and I will inherit bitcoin to my kid if I die first.

I want to ask what do all my friends think about this problem?

don't make your age limit your investment in bitcoin, bitcoin price is still cheap, buy it now or never, i also got to know bitcoin when i was over 35 years old and now i enjoy investing in bitcoin. 

all that is needed is faith in bitcoin, prices do change but the value of bitcoin in the future will definitely be much doubled from now, bitcoin is an inheritance of high value that you can pass on to your children ^{(much more valuable than gold, stocks, and property)}, later your child will thank to you.  Bitcoin is open to everyone, all ages, all genders and all walks of life, there are no restrictions here >> only believe it or not.

[Little Mouse]

Your life, should be your choice too. Why do ask other people? In my opinion, as they say, it's better to be late than never. There's nothing wrong with investing in bitcoin at this age. It's all about your financial decision. Also, they say, life begins at 40. It's not too late yet.

but I personally will still invest in bitcoin because in my opinion there will be no loss in investing in bitcoin even in the long term, that is because I have children, even if I may have died I think there will be no loss, because I will tell my children when I invest in bitcoin .

Make sure you use a noncustodial wallet so that your fund doesn't get stuck. Also, use a hardware wallet to avoid funds getting hacked. Be sure to share with someone you trust, how to use the fund in case something wrong happens, otherwise, fund will be lost.

[sokani]

I'm 47 years old, and I see and hear a lot of young people talking about bitcoin, and when I asked 2 young people and I asked, can I be the same age as me to invest in bitcoin? and the young people answered, 1 of them said they could, and the other said no, and the people who answered no, they explained the reason, namely because I was old, whereas if investing in bitcoin it had to be long term. and the other young man gave me a hint, namely for me to join this forum to ask about me, who is old, is it worth investing in bitcoin or not?

Age can never be a barrier for you to invest in Bitcoin, so don't allow anyone to discourage you. Just pitch your tent here and you would be equipped with all the vital information you need go about your crypto sojourn. Welcome to the family.