Is age a limitation in Bitcoin

[Jewan420]

If you are using a decentralized wallet, your age should not be a barrier. Bitcoins are traded and purchased through decentralized wallets. But you will need an exchanger to sell. Age becomes very important as the exchanger is concentrated. You cannot use any exchanger before you reach the age of 18 or an adult.To use Ekchanger you need to KYC the exchanger with NID or any type of citizenship. So age is not important for earning, buying and saving bitcoins, but age is very important for selling or exchanging.

[Salahmu]

Age is not the problem personality is there people that are matured but still lack qualities to qualify them as an adult so people like that to me are still infant, majority of people like that behave childishly, but want to addressed as an adult, and people can not young people always have a problem with misusing of funds, and that is mostly because they don't have any responsibility, they have issues with saving and in general they have a pro

I don't think there anything age limitations when it comes to Bitcoin investment irrespective of the current age of that person because there are people that even at the age of 50 years they are still investing and holding Bitcoin because they believe that even if they are not to be around at there targeted years of holding there children will take over there investment and use it to establish themselves, so actually it all depends on the individual mindset or reason of holding.

However starting investment from the early age is much advisable because let's take for instance a person started Bitcoin investment at 15 years and with consistent investment on Bitcoin before he will get to 40 to 50 years he would have gotten so much amount of Bitcoin, also one thing that's not advisable on Bitcoin investment is invest a little amount and decided to leave it for years in other to appreciate because the possibility of getting a better profit will be very little.

[teamsherry]

Age is not a limitation in bitcoin, I know that an only person might not be interested in reading so much about bitcoin or knowing what's in its whitepaper, so I think basic knowledge or information is okay for them which is how to buy bitcoin, about exchanges and all those little stuff, but when the subject of investment comes in, we know that bitcoin is best approach with a long term mindset, but if they are already retired and very old would it still be a good advice for them to invest long term?

Yes an old person can still invest gor up to 4 years before starting to take profits from his investment, it isn't a must that long term investment must be up to 6 or 10 years but qt least he should have invested up a year of living expenses into bitcoin which can happen in the space if 2 yeaes depending on how much s/he allocated to bitcoin.

[JayJuanGee]

Age is not a limitation in bitcoin, I know that an only person might not be interested in reading so much about bitcoin or knowing what's in its whitepaper, so I think basic knowledge or information is okay for them which is how to buy bitcoin, about exchanges and all those little stuff, but when the subject of investment comes in, we know that bitcoin is best approach with a long term mindset, but if they are already retired and very old would it still be a good advice for them to invest long term?

Yes an old person can still invest gor up to 4 years before starting to take profits from his investment, it isn't a must that long term investment must be up to 6 or 10 years but qt least he should have invested up a year of living expenses into bitcoin which can happen in the space if 2 yeaes depending on how much s/he allocated to bitcoin.

O.k..

Let's focus on the old foggie for a bit.. The old foggie who is contemplating whether or not to get into bitcoin, and so, there should be some kind of an expectation that s/he is not going to need the money for 4-10 years or longer, so yeah, the bottom end of that is 4 years, and so how much to invest could be 5% to 25% of his/her investment portfolio.. yet, that may well be lump sum rather than DCA, but if there is a DCA approach, then every time any new DCA investment is made, then the presumption would be that the investment timeline is 4-10 years after any new amount that is investment.

it does not make any sense to expect to take 2 years to invest and to establish his/her position, unless the investment timeline is at least 6 years, since the end of that investment timeline would then have 4 years from the last time that money is injected.

Sure in the end folks can do whatever they like, but it seems that regular investing into bitcoin should be a 4-10 year or longer timeline, and if any person cannot achieve that (perhaps due to age and/or health considerations) then the person may well be gambling rather than investing.

I understand that a more elderly person (maybe in his 60s or 70s) might come into something like bitcoin with a 4-6 year or longer investment timeline, but then maybe some emergencies end up happening (healthwise) that end up causing the investment timeline to be shorter than originally anticipated, and presumably anyone coming into bitcoin in his 60s or 70s has already established various kinds of investment and may well already have various kind of income (or investments that he might already be drawing upon), so a person can still afford to consider that s/he has other sources of income and decide to invest into bitcoin as a kind of supplement (or complement) to other investment sources and still expect that s/he would be drawing upon other income sources, prior towards needing to dip into or to start to draw from bitcoin as an income source, and surely that timeline could still be 4-10 years or longer, even if the person might be higher in age with some uncertainties in regards to health.

[Sonia_123]

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

But a little more maturity would help the child becomes a professional before investing, like the age of 18years to 20years. The child can mastering and studying the process without buying Bitcoin in other not to be frauded by scammers or the traditional banking system looking into the child's account wanting to know the source of his/her income ,we can't say because the child is 16 years old and so much attention is not given to the account, if found with a huge sum of money in his account in a country that Bitcoin is not legal tender how does he proves it or even if Bitcoin is a legal tender .  Age 16 usually used to be the peak of adolescence and in going into Bitcoin, you need to be mentally stable,full concentration and much attention are also required .

[Btcdeybodi]

However starting investment from the early age is much advisable because let's take for instance a person started Bitcoin investment at 15 years and with consistent investment on Bitcoin before he will get to 40 to 50 years he would have gotten so much amount of Bitcoin, also one thing that's not advisable on Bitcoin investment is invest a little amount and decided to leave it for years in other to appreciate because the possibility of getting a better profit will be very little.

A saying goes "early to bed, early to rise" therefore bitcoin investment should be started at the early stage of one's life because since we couldn't get the awareness earlier or we have grown in age when we acquired the knowledge, it is now a duty for us to make sure that our offspring start making investments in Bitcoin at the early stage of their life because we that have gotten some knowledge about Bitcoin will stand as a guide tool to help our children or the younger generation on how to go with their bitcoin investment and how to make judicious use of their money and invest in bitcoin because had it been we got the knowledge of bitcoin at the early stages of our lives we wouldn't have spent money extravagantly as we did in the past when a life changing investment in bitcoin is there to make us become responsible on how to spend wisely and also own an investment.

In the old days, youths only believe in enjoyment and spending money on frivolous items with the mindset that they will start owning investments only when they are grown but that mentality affected a lot of them that have turned adults now because some of them had the opportunity of owning huge investments when they were little but they missed out simply because they feel they were too young so advising the young people on the need to invest in Bitcoin now is a way of creating a wealthy life for the society in the future to come.

[Cadaver20]

Bitcoin has no age limitation. I think the reason for this is that bitcoin buy sell, wallet creation is completely anonymous. No one can recognize the person behind the screen here, whether he is a boy or a girl, child or older. So I think there will be no benefit in age limitation in Bitcoin. Also Bitcoin is a decentralized currency.

[Churchillvv]

Bitcoin has no age limitation. I think the reason for this is that bitcoin buy sell, wallet creation is completely anonymous. No one can recognize the person behind the screen here, whether he is a boy or a girl, child or older. So I think there will be no benefit in age limitation in Bitcoin. Also Bitcoin is a decentralized currency.

Well of course there is no age limit with bitcoin for fact that bitcoin is a freedom motivated currency having an age limit will only amount to it negating it's original sharp or intention of Satoshi Nakamoto.

With the decentralised nature of bitcoin any one can do anything at any time regardless of the age. This is a solid reason why but ii is far better than our regulated fiat currencies. perhaps it serves the purposes that fiat can't offer especially in terms of age limitations.

[Princess Leah]

You are not wrong actually but there's a little bit of mistake in your comment, yes there's not age limitations because you can create a bitcoin wallet, you can create your own Bitcoin wallet at any age as long as you know the best and safest wallet for you. One at the age of 10 can start investing in Bitcoin as long as they have the bold knowledge about Bitcoin.

Sure, I don't think there's an age limitation for owning Bitcoin so far the person understand what they're doing and before one could create their own Bitcoin wallet it means that they already have an understanding about it despite their age and I agree with you that knowing the best and safest wallet to use in storing Bitcoin no matter the age is very important.

 I read an article sometime ago that Cryptocurrency is for everyday users and since Bitcoin is a Cryptocurrency, who are the everyday users? It could be anyone both big or small. But the issue about minors involving in Bitcoin is that they might not be allowed to sell their Bitcoin in a P2P market at large quantities.

 In my country there's a certain limit to what minors can hold or recieve in their bank account and since Bitcoin haven't gone very viral for every trader to accept it in general then it's going to be a problem for minors in my country since fiat is still widely used for buying and selling.

[SmartCharpa]

Hi there to all of you. One of the most amazing things I've noticed about Bitcoin is that it doesn't have an age requirement before using it or creating a wallet. In traditional banking, however, one must be 16 or older to open an account, unless they have assistance from a guide who helped them do so. Additionally, no matter how young you are, no one can question you about how you make money because no one keeps an eye on your wallet.

If you are making money and no one asks you how you do it, I believe your parents will ask you how you make money. I don't know where you are from, but in my country, if our parents do not see us doing legitimate work and we make money, they have to ask us about our source of income, which we must explain because they do not want their children to get involved in illegal activity. However, in some cases where police doubt that you are participating in illegal activities and your parents are aware of your source of money, they can defend you in any situation. Bitcoin investing has helped today's youth to be able to survive because age is not necessary before creating a wallet to hold a bitcoin.

[Obari]

But under 18 can find it difficult to use exchanges and platforms that are centralized. You are right because bitcoin is not centralized but decentralized and you can get your coins through decentralized exchanges or to buy it directly from someone selling bitcoin like such service offer on this forum.

Why will under 18 years find it difficult to use exchanges ?
Was just wondering why and I think your mentality is as a result of your country or where you come from else I’m sure there are kids under the age of 18 who are already doing very fine in the cryptocurrency industry and market and I think that’s one benefit of cryptocurrency as it creates equality for everyone regardless of your age and status.

I personally don’t think age is a limitation in bitcoin and cryptocurrency at large as it has already been classified as the hope of the common man regardless of their age and statues quote.

[_act_]

Why will under 18 years find it difficult to use exchanges ?
Was just wondering why and I think your mentality is as a result of your country or where you come from else I’m sure there are kids under the age of 18 who are already doing very fine in the cryptocurrency industry and market and I think that’s one benefit of cryptocurrency as it creates equality for everyone regardless of your age and status.

You can go and decipher the reason on the centralized exchanges terms of service where you will see the reason. Also read my post again before posting spam in a way to fill up your weekly posts.

I personally don’t think age is a limitation in bitcoin and cryptocurrency at large as it has already been classified as the hope of the common man regardless of their age and statues quote.

You do not need to register to have bitcoin on noncustodial wallet. There are also no KYC, web 3 and decentralized exchanges. So it is possible for under 18 years to use an exchange.

[Obari]

Why will under 18 years find it difficult to use exchanges ?
Was just wondering why and I think your mentality is as a result of your country or where you come from else I’m sure there are kids under the age of 18 who are already doing very fine in the cryptocurrency industry and market and I think that’s one benefit of cryptocurrency as it creates equality for everyone regardless of your age and status.

You can go and decipher the reason on the exchanges terms of service where you will see the reason. Also read my post again before posting spam in a way to fill up your weekly posts.
 

lol
I thought you would directly rather than redirect me man and persons like you need to grow and learn how to treat people especially below you and not feel you’re above everyone.
I asked a simple question why will under age find it difficult to use bitcoin and exchanges and you called it spamming ?
That’s a typical and clear saying that, you don’t know what spamming is and I think you should revisit your dictionary or better check google.

I personally don’t think age is a limitation in bitcoin and cryptocurrency at large as it has already been classified as the hope of the common man regardless of their age and statues quote.

You do not need to register to have bitcoin on noncustodial wallet. There are also no KYC, web 3 and decentralized exchanges. So it is possible for under 18 years to use an exchange.

I never said you have to register to use noncustodial wallet or did I?
I don’t know why the hate but I hope you heal of the hate and learn to correct people and that’s the lrimoary reason why you’re at a superior rank so as to help people below you

[_act_]

I thought you would directly rather than redirect me man and persons like you need to grow and learn how to treat people especially below you and not feel you’re above everyone.

My post was about no age limit for bitcoin users but centralized exchanges and other centralized platforms can restrict under 18 from registering. So I did not understand why you quoted me and posted against what was simple as that. If you check most of the exchanges ToS and the requirements for verification, you will see how under 18 years can not use many of the exchanges. The reason I posted that it can be difficult for under 18 to use the exchanges.

I asked a simple question why will under age find it difficult to use bitcoin and exchanges and you called it spamming ?
That’s a typical and clear saying that, you don’t know what spamming is and I think you should revisit your dictionary or better check google.

Trust me, it is even beyond this discussion. I went through your posting history. Some people will just come to this forum and not think of how a thread is long and just start posting. Although that is common to some other users like you on this forum.

I never said you have to register to use noncustodial wallet or did I?
I don’t know why the hate but I hope you heal of the hate and learn to correct people and that’s the lrimoary reason why you’re at a superior rank so as to help people below you

Yes I know. It is still about this thread discussion like what many people have posted that you kind of repeated again on the eighth page. Even if it is not spamming, what should we call it?

[Belarge]

Bitcoin has no age limitation. I think the reason for this is that bitcoin buy sell, wallet creation is completely anonymous. No one can recognize the person behind the screen here, whether he is a boy or a girl, child or older. So I think there will be no benefit in age limitation in Bitcoin. Also Bitcoin is a decentralized currency.

Age limitation is generally everything that will obstruct most of the young minds but it's never consider important because the young ones are actually the ones biding for interest in the market. Bitcoin is easily accessible to everyone that have proper knowledge, knows how to make orders of buy and sell in the market. Remember, cryptocurrency is for everyone and it most people do become successful while some failed in their projects.