Sometimes young people are the most lucky ones, they still have their chance of loosing. So, why not?
I think taking high risk in trading or investment has nothing to do with age, some people by nature are inclined towards gambling to get quick rich but my learning through experince and life time observation taught me a clear lessson that such adventures eventually end up in disaster with some exception when they win becuase luck is on their side. Risk managment is a science and we should learn it before jumping into any kind of trading and i can say with confidence you will win most of the time when you follow it.
Old people are not necessarily wise, this is related to a person's mindset. sometimes even the young ones can calculate everything well. in trading between gambling and trading is always debated. but rest assured for those who gamble here of course it will not last long in the crypto market. it is different for those who are experienced, of course they will be calmer in dealing with profit or loss, because both are common things in trading
The truth is that all kind of people can fall into the trap of taking a very high risk in order to make money in the market quickly and the reason is simple, if you see the ads that are all over the Internet about cryptocurrencies and how you can trade them you can see that exchanges offer leverage as the magic key for people to multiply their gains at a great speed, but what they do not tell you is that just as you can earn many times more money with leverage you can lose that much money as well making it incredibly unlikely that anyone that uses leverage as a newbie can obtain profits in the market.