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.
Being born in the seventies doesn't make you too old yet so my advice for an elderly person that wants to invest in Bitcoin is to think of it as a retirement plan, invest now and hold on the long term goal and by the time you will be due for retirement, your Bitcoin investment would have been matured enough to fund your retirement lifestyle. And I would also advice them to look deep and research more on Bitcoin about the risks and how it works, the industry is wide and of course the long term goal may be the best way to invest but you have to be on the lookout for the sake of your hard earned money, and I would advice them not to invest if they can't stand the heat of fall in price because Bitcoin investment isn't for the faint hearted.