Post
Topic
Board Bitcoin Discussion
Re: Are there age limits to Bitcoin investment?
by
Jody.Drummer
on 25/02/2023, 23:41:33 UTC
I was actually wondering if there are any restrictions on age as to investing in Bitcoin?
I read threads where people have constantly introduced Bitcoin to their underaged children (10years below) and I really don't think it's necessary because I feel those kids still have some mental growth  to do and since Bitcoin is a very volatile digital asset, I think children shouldn't be made to go through such stress.
Same thing also applies to the elderly as I've also read news of people trying to get some retirees investing their pensions into crypto rather than advising them to relax and enjoy their pension and I really wanted to know if it's wise to get kids and elderly into the crypto industry.
I think there is no age limit in getting to know bitcoin or crypto, if the child knows how to invest and use it well by getting lessons from his parents or from how he knows bbitcoin himself I think there is no limit in this case, we can equate it with fiat, many small children have played with money, even old people, without knowing how and what it is made of, I think it's the same thing, if we consider that bitcoin is a currency.
I think if the crypto you mean is Altcoin it will not include wisdom in making decisions because it is more that but if the crypto you mean is bitcoin I think you are someone who is wise and smart.
Age is not a limit, but it would be better if we talk about children, so providing insight from the start and trying to guide investing in our teens is clearly highly recommended.
The age of children is still vulnerable and I don't think it is suitable to talk about investing at their age.
Learning may be great but it is certainly not urgent and must be done in childhood for them. Their souls are still very free and of course allowing investment for too early age also has a negative side there.