so we would not consider things like age when it comes to buying and accumulating bitcoin,
Age can only be a threat to those Investors that can't make direct purchase, I noticed that some people are not familiar with online purchase. Instead they prefer making thier purchase through bitcoin ATM, and if they don't care to learn, some day they will get to a certain stage were they won't have the strength to be going to the bitcoin ATM as they used to when they have not come to aged. in this case they can just consider it as the end of thier accumulation journey, but those who are familiar with the online purchase will not be affected. However i think the best way is to start bitcoin accumulation on time so that before we would get to the stage where we will be facing any of this challenges then we must have reach our investment goal or the stage of overaccumulation.
I believe age here is pointing to health
In my view, age shouldn't in any way affect investment. Things happens (as in surprises/unexpected). To a point as long as someone still has common sense, investment in Bitcoin can continue no matter the age. The issue of using Bitcoin ATM or online purchase is not something that matters so much since they both offer the same result. Come to think of it, what could be the reason why some people are bent on Bitcoin ATM purchase? Could it be because of fear of fraud?
Bending on Bitcoin ATM use is for sure location based, this ATM is not rampant as normal ATMs. So someone who has it located around is tbe one who would be bent on using it, if not the importance of learning how to purchase online already speaks louder.
As for age, surprisingly an elder of say 65 years could still in the next 10 years have what it takes to go to Bitcoin ATM to purchase while a youth of 35 years can not..
Note; aside being located around Bitcoin ATM, incorporation of both purchase means is paramount irrespective of age. Not forgetting the privacy and comfort of the online purchase.
As aged and or unhealthy person, there might be other measures to keep up with investment in Bitcoin. Very hard but it could be possible to have someone who would assist in that regard. Someone who will help in purchasing whether online or using Bitcoin ATM.
Also like you pointed out @ejikeme24 "reaching investment goal" settles the matter.
You seem to be superficially addressing the age factor, since it is quite likely that a 35 year old and 65 year old is not going to be in the same position in terms of income they are earning or able to earn, and they may well also not be in a similar position in regards to how much they have saved up. So of course age is a factor that needs to be accounted for, along with the other
individual factors.
Real talk, this age difference not being something that can just be brushed aside…. A 35 year old and a 65 year old might both have money, but their position in life is not the same at all. The younger one usually still has years ahead to earn, take risks, and recover from mistakes, while the older person is managing and protecting what he already has.. That difference alone changes how they approach Bitcoin investment, and even other investment.. I also think the younger one has more room to learn from errors without it being too bad, but for the older one, every mistake would for sure carry heavier weight.. So yes, age is definitely a factor to be considered alongside personal income, savings, and even responsibilities…
If a person concludes that he has at least a 4 year time horizon for investing into bitcoin, then surely that would be a factor. The 35 year old may invest from income, yet the 65 year old might reallocate from some other investment that he has.
And the way you put the 4-year horizon makes sense because Bitcoin doesn’t reward impatience.. A 35 year old who still earns a salary might be okay with setting aside portion of income for DCAing and letting it mature, while a 65 year old may not be Able.. Their risk appetite is shaped by where the funds are coming from…. One point I would add here is that time horizon in Bitcoin is not just about years, it is also about cycles.. If you enter and give it at least one halving cycle, you’re already positioning yourself for growth..
If a 65 year old is building his investment over 4 years, then when he turns 69 (or 4 years down the road) the earlier invested amounts would be ready for potential withdrawal but the later invested amounts would not have had reached a 4 year investment timeline, yet, and every new investment into bitcoin needs to have a 4-10 year or more timeline in order to be an investment rather than a trade. Personally, I recommend against trying to trade bitcoin.
And yes, every new buy in Bitcoin really needs that 4 to 10 year window to count as an investment…. Anything less and it is basically trading, and trading Bitcoin is a headache…. For the 65 year old, the tricky part is that by the time his earlier investments mature, the newer ones will still need years.. That is where planning comes in you don’t put all your eggs in at once, and you also don’t tie up all your funds in something you might need urgently.. And honestly, holding Bitcoin long term has proven far more effective than trying to out trade it.. people who panic trade usually end up with less..