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

[DeathAngel]

Of course 47 is not too old to invest in bitcoin. At your age you’re probably better off than the average 25 year old. You have a young family so now is a perfect time to start investing in the future of finance. Also 47 is not old, you could have 30-40 years left alive.

Start investing regularly & you could have made life changing profits by the time you’re 60. Again, 47 is not old my friend.

I wish you good luck on your adventure.

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[WhatDoIKnow]

There is no specific age that is too late to invest in Bitcoin or any other cryptocurrency. It's important to keep in mind that the value of cryptocurrencies can be highly volatile, and you should only invest what you can afford to lose. It's also a good idea to do your own research and understand the risks involved before making any investment decisions.

That being said, age can be a factor to consider when making any investment. It's generally a good idea to have a diverse portfolio that takes into account your age, risk tolerance, and investment goals. If you are approaching retirement age or have other financial obligations, you may want to be more conservative in your investments.

[Marykeller]

There is no problem for 47 years or above to invest in bitcoin as long as they can keep their private keys safe and secure, and also has a long-term objective, investing in bitcoin is not an issue.

Many people (young and elderly) have achieved financial freedom thanks to bitcoin investing, regardless of their age.

Anyone who wants to invest in crypto can do so as long as they are willing to accept the associated risk.

Invest as soon as you can to secure your children's future. Good luck to you

[decodx]

No matter your age, it's never too late to consider investing in bitcoin or any other financial asset. Remember, however, that there are risks involved with any type of investment. If you don't understand the ins and outs of bitcoin, it's best to leave this decision to someone who does. The good news is that there are plenty of ways for you to learn more, and if you are buying bitcoin as an investment, take the time to understand its potential and risks.

The first thing you should do is research. Learn about bitcoin and other cryptocurrencies, find out what makes them valuable and how they're created. You can also look into other types of investments that have similar characteristics to bitcoin. For example, gold, silver and real estate are all considered safe-haven assets because they tend to retain their value even in times of economic uncertainty (although the price fluctuates).

[Ndabagi01]

There is no minimum or maximum age to begin investing. We've heard of people who waited until they were in their 50s to make their first million, despite starting the investment about a decade before their current age. In this world, there are no bounds to what you can accomplish. People's opinions should not influence your life choices.

Life is not guaranteed to last forever, but if there is life, there is still a chance that you will reap the benefits in the near future. It's great that you want to teach your children about bitcoin; you can guide them through the process now that you're still available to be their coach and partner in the journey.

[acroman08]

no, 47 years old is not "too old" to invest in bitcoin. we have an 80-year-old bitcoin user here in the forum but he hasn't been online since November 21 last year(for anyone who's curious who I am referring to, its Jet Cash. I hope he is doing okay), so I don't see why your age would matter if you want to invest in bitcoin. also, as you said, you plan to inform your children of your plan. anyway, welcome to the forum, and good luck!

[coupable]

I can't understand how that person convinced you that you are too old to invest in Bitcoin. If your age does not really allow it, then it will not allow any other investment. Of course, this is nonsense.
There are members in the forum over sixty years of age, if not more. This means that when Bitcoin appeared, they were in the fifties.

Whatever your current age, you are currently a beginner, and therefore you need some time to learn the basics of investment before starting. And this forum is the best place to start.

Do not listen to negative people because they are good at finding obstacles without offering practical solutions to overcome them. In fact, your age is not an important obstacle if your intentions are serious to invest in a new field.

[isaac_clarke22]

My dad is even considering in investing to Bitcoin. I only gave him a little bit of knowledge about it since he is partially interested to it though considering still to invest. And no, it is not a problem, Solokan. Don't worry.
If people can even do career change at age 50, what more for the investment that they can just put their money at.

Since you also mentioned about inheritance, this thread might be helpful for you - Using Locktime for inheritance planning, backups or gifts

[Smartvirus]

Are you scared you would die anytime soon?
Investment is fir life and as such, you could say, bitcoin is life. So long as you expect yourself to live a long lasting and healthy life, nothing stops you from investing. Most of all, if you've got a family for which, you've got good plans for them then, you could pick up some investments on there behalf. There is nothing wrong with investing at age 47, your just 7years above the regarded age for a youth in my nation. Its better to be in the new world even at a later age while you enjoy the available innovations of the time than to be sorry. No time is ever late for some crypto investment.

[Stalker22]

Oh, definitely not too late! 47 is the perfect age to jump on the Bitcoin bandwagon. In fact, some people say that the best time to invest was yesterday, and the second best time is today. If you think that 47 years is too old, just imagine how you will feel when you are 48 next year.

So go ahead, join the party! Just make sure to do your research and invest wisely. 

[Oceat]

When you start something that you love there's no age gap/limit about it and everyone deserves it. I've seen some people whose older than you who just started to go with their dreams so what makes you think you are too old for something like this? It's never been too late for someone to invest in Bitcoin or to start again.

I hope older people than you would realize that because once you lost that moment of time that you have to do something when you have a time those were precious moments that you would cherish forever. Please, remember that.

[Ryker1]

Well at age of 47 afraid to die anyone soon --dont worry, that age is not scary as you think that you are too late to invest in bitcoin, in fact, it is your great opportunity to have this bitcoin as a hire for your kids or wife. I have a question, I mean are you a tech guy? Most comm, the only people that have a hard time t understanding the crypto world is that they are not techy ones. It is difficult for them to use a gadget and read computers which is becoming a main problem here. As long as you can read and understand numbers, bitcoin is not late for you. If I live near your place, I will voluntarily teach you basic information about bitcoin but however --you can do it by yourself and start here in the forum.

[Rengga Jati]

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.

I don't think it's too late to start, maybe it's a better time to start. And at this age, getting acquainted with crypto is not easy, especially if you are surrounded by people who are still pros and cons with crypto, or precisely because there are more cons. This of course makes you confused.

The point is like this, at any age, make sure your investment''
- Invest only in Bitcoin, currently Bitcoin is in a bearish period, at least you can enjoy the results in a few years when it is bullish, whether it will be bullish after this or in the following years.
- Have sufficient capital and free money and not used for anything. because here, crypto investment is indeed risky, once you panic and sell it at a cheap price, then you will lose the asset.
- Investing in Bitcoin one of which is about patience and control over panic and emotions. Once you invest your money in Bitcoin then don't be fooled by FUD and a down market. As much as possible you have to hold until the bullish phase later so you can enjoy the results,
- Again, remember, don't panic.

[tech30338]

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?

Age is just a number, besides the only requirement  for you to start investing is a pc/laptop/mobile phones, and a know how, and the rest can be search via google and of course in this forum you will learn almost everything about crypto currency, as for thinking that you will die just teach your son also crypto, so that in the future if ever we are no saying you accidentally died, they know what to do , just give them the seed, before it happens, like last will and testament, but you still have long way to go, don't think of dying early, its not a good thinking.

[Ahli38]

I think 47 years old is still not too old. Because in today's crypto industry, it's even possible that many are older than you. But what you have to prepare is knowledge about bitcoin and how to invest regularly so that our psychology is maintained. especially if we invest for the long term. And you also need to know the risks you will take. investing in bitcoin has a high risk but also a high potential. high risk high gain. So I advise you to use really cold money. Learning about DCA might also be additional knowledge in the investment techniques that will be used. Lots of discussion about it in this forum. as an example you can see the following topics discussing bitcoin investment JJG’s Outline of Bitcoin Investment Ideas by JayJuanGee

[Razmirraz]

Intentions will encourage you to do something you want. Intentions are the biggest capital you have, then you can perfect them with action. You can't go back to the past because the wheel of life keeps turning, now you have to think to the future by trying to deepen Bitcoin investment knowledge to achieve success in the future.
Age never stops someone from growing, you must read this to motivate yourself Age as a factor depreciating some people of their dreams.
success is what everyone wants, you need to hone your skills in the field of crypto asset investment. Never feel stuck with age numbers, success in investing in Bitcoin can be achieved with persistence and an intention to learn.

[laurenB7742]

47 years old is still not the age to retire or enjoy life, if you are not investing, you are also working at a company or running your own business. So at your age, there is nothing called late, as long as you are passionate about investing, really passionate about bitcoin, it is never too late to invest.

Investing in bitcoin is like riding a roller coaster, if you can take the risk and you are ready for it, then you can invest in bitcoin. I'm younger than you, but I invest in bitcoin for the future of my children, so I fully support your decision and I wish you luck with your journey.

[libert19]

47 ain't that old imo.

... 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...

Bitcoin's long term is really short term compared to traditional markets. Just look at progress and price of BTC in last 15 years. Current price also appears to be reasonable to get into.

[Cryptomultiplier]

Age is just a number when it comes to doing something new, mostly something you have been meaning to do for a long time, like investing in Bit coin. The interest may have been there, but the fear or lack of encouragement and proper guidance may have made one wait this long.
It is never too late to invest in bit coin at 47years old.  Afterall, having earned income in one particular way for a long time, it is not a bad idea to try another. Just ensure to follow through on the do's and don'ts inorder not to fall victim to scammers and the best way to gain is by learning from a mentor or tutor or colleague or broker who has more experience in the area of bit coin investment and trades.

[mvdheuvel1983]

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

You are not old. It is not too late. As a matter of fact, you are early.
See, a lot of people say that age is just a number, and you can still unlearn the old beliefs of what you know about how the old financial system and learn how the new decentralized financial system works. How it is freedom for the people.
How it makes people their own banks and be in charge of their own money. I do not know how old your kid is right now but if he/she is already a teenager, start to let them in on what you are learning about bitcoin.