The same could be said for stock markets - I do not agree that everyone needs to take a test, if someone is worth $1M and wants to gamble $50k they should be able to.

The only down side to being older, in my opinion (other than physical limitations mentioned) is not wanting to gamble on having to start over by making mistakes due to ignorance of laws or a market or being taken advantage of by a bad PM. 

First gen college grad & no one in my family has any idea how PM works, so I often get well-meaning comments about how I'm gambling with my savings.

I was working with a lady who had 300k. 

If it's an unknown it's value is a gamble.

It's called investing, not gambling.

Gambling however many hundreds of thousands should not feel easy, simple or risk free for a normal human being. 

v=vDoRITXplC8And he says that often in his videos.Very foolish gamble. in all the years we have been doing sub too since the late 70s  we Never Ever bought a property that did not have enough equity that we could not sell and make a profit on from day one. 

I had the vision and took the gamble.  

I am not an anti BTC but honestly that seems like a huge gamble.