Thanks again to everybody for the kind words in this thread.
Bitcoin and a persons age is an interesting topic, and maybe I should put together some thoughts about it for the over 70s. You can't just look at chronological age, but have to consider mental and biological age as well. Then there are the health issues, and financial status. I have a friend in her 90s, and she has a spare £50,000 in cash in the bank, and she is not sure what to do with it. She was going to give it to a donkey sanctuary, but I have discouraged her from that. In fact Bitcoin could be an interesting intellectual stimulus for her, and a way for her to gain some computer knowledge, but she is unlikely to want to spend the time, and would rather read about old naval and military battles. I suggested gold Britannias, bur she considers gold to be too speculative.
An interest in Bitcoin has been good for me, as it has helped me to understand the concept of hard virtual assets, and it seems that most people in crypto don't really understand why Bitcoin is the only hard virtual asset in crypto. It is a hard asset because it is not centralised, and is not dependent solely on its utility for its value.
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Bitcoin and a persons age is an interesting topic, and maybe I should put together some thoughts about it for the over 70s. You can't just look at chronological age, but have to consider mental and biological age as well. Then there are the health issues, and financial status. I have a friend in her 90s, and she has a spare £50,000 in cash in the bank, and she is not sure what to do with it. She was going to give it to a donkey sanctuary, but I have discouraged her from that. In fact Bitcoin could be an interesting intellectual stimulus for her, and a way for her to gain some computer knowledge, but she is unlikely to want to spend the time, and would rather read about old naval and military battles. I suggested gold Britannias, bur she considers gold to be too speculative.
An interest in Bitcoin has been good for me, as it has helped me to understand the concept of hard virtual assets, and it seems that most people in crypto don't really understand why Bitcoin is the only hard virtual asset in crypto. It is a hard asset because it is not centralised, and is not dependent solely on its utility for its value.