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?
If you're interested to go into bitcoin investment of course you're free to start regardless your age I'm sure that if you start now
maybe before you will get to the age of 75 you much have reach your investment goal of getting to the stage of overaccumulation that's depending on how consistent you're towards your accumulating journey. Since you're not getting younger all you have to be doing is to keep buying aggressively to enable you meet up your target. that's if you have enough discretionary income to be doing that but if your discretionary income is not enough for you to be buying aggressively then you can only buy little by little using the DCA method.
5 years is quite a long but certainly not always guaranteed to reach a state of overaccumulation, except of course the investor decides to front load his investment, but it's enough time for sure to reach/attain a sizable amount of Bitcoin. And that's why it's always advised for investors to have in mind or target at least 5 to 10 years, if they're set to attain a state of overaccumulation.