Imagine I am a person from the seventies. I know nothing about current technology and Bitcoin.
Hearing the talk of Bitcoin around, I felt that I also need to invest here.
Now what advice would you give me? Which advice will have the highest chances of profiting from investment if I follow it?
In my case, questions are very important for beginners. You should provide your best opinion here. So that the opinions are useful for those who want to start investing in Bitcoin.
Bitcoin investment is not a get rich quick investment where you get fast profit, bitcoin is a digital currency but investing doesn’t entail trade, as an elderly person you’ll have to understand the years range you’ll be holding before reaching the target. In some situations the money is not enough to cover up buying consistent which might tempt such person to sell everything either in loss more especially when you can’t predict the price, secondly your cashflow should be in order before investing probably a good management can help give a good return at due times, lastly invest without pressure as an elderly man, there’s no point running after market trends instead buy using the amount available either big or small.