My friend made good return after the halving around 2021 (He is a believer of HODL) and i made some too( am not someone known for their patience) but was still filled with regret due to selling earlier.
There really are times where investors really regret their decision whenever they are selling way too early, but the reality is you don't know what will be the next movement of Bitcoin after you sold it. After you sold, there's a chance that it might go down thus, you will not regret your decision because you sold at the right time. On the other hand, there are times where after you sold your Bitcoins, it goes up even higher. You will feel regret, but take note that by the time you sold it, you don't know what would be the next move of Bitcoin. I guess currently you already moved on with that regret. Just be contented with your profits.
My country is known for some group of guys called yahoo boys who deal sometimes in crypto scam(a reason crypto is banned in my country) now if you tell most people in my country that you deal in crypto you are branded like one of the boys. My parents are not different they frown against it thinking crypto is a means of scamming others thus biased to stocks.
The FTX bankruptcy that lead to a massive dip in Bitcoin didn't help either. The loss affected my confidence in Bitcoin (cut me some slack knew nothing of this forum) and my parents who I almost convinced took it as been unprofitable and filled with losses.
Feel sorry for your losses because of the FTX drama I guess.
I also feel sorry that you're living in one of the few countries in the world where crypto is banned.
I also felt that way when I was starting. Like you, I also have huge losses in my total crypto portfolio back a few years ago. I also lost confidence at that time, but you know what I did. I believed in crypto. I believe that I can recover those losses in the future, so I choose to hold it, and that's one of the best decisions that I've made. Convince your parents that losses are just impermanent, and tell to them that it will recover soon.
They are close to retirement and still believe in saving in banks and buying stocks. I don't really know how I could go about convincing them to invest some idle funds in Bitcoin since my father is kinda headstrong.
I am also planning on buying some Bitcoin when I have some free funds rather than using them for something with no real benefit. Where can I buy Bitcoin at the minimum amount possible like the minimest(I know not an English word) amount possible so I can accumulate easily. Thanks in advance
Buying stocks is still a good thing since you're investing still, but on a less volatile, and a safer type of investment than crypto. Saving in banks is a no-no unless it is for emergency funds.
If you can't convince them to buy Bitcoin, at least just convince them to just focus on the stock market. In that way, they're still investing. It would be a lot safer compare to crypto, and better than just saving it on banks.
Planning is useless without action, and capital. Save money as much as possible so you can stack Bitcoin as many as possible. Where can you buy Bitcoin? Centralized exchanges are the ones that I can recommend.