5 Cryptos Retirees Should Avoid at All Costs, According to Experts

Core Insights - Retirees are advised to be cautious with investments, particularly in cryptocurrency, due to the risks associated with volatile assets [1][3] - Financial experts recommend that if retirees choose to invest in crypto, they should focus on established cryptocurrencies like Bitcoin and Ethereum, while avoiding most altcoins [2][3] Investment Recommendations - Experts suggest that retirees should completely avoid investing in cryptocurrencies, citing a lack of valid reasons for such investments [3] - Vince Stanzione, a financial expert, emphasizes that retirees should not invest in crypto, despite having previously made significant profits from it [3] Cryptocurrencies to Avoid - Solana (SOL): Once considered a leading cryptocurrency, it has faced numerous network outages, making it unsuitable for risk-averse investors [4][5] - Dogecoin (DOGE): Described as a manipulated asset with no real use case, its value is highly dependent on social media sentiment, posing significant risks for retirees [5]