Topic: Do your parents invest in bitcoin ? - page 3. (Read 1112 times)

I'm the only one in the family to invest, parents are conservative when it comes to investments... I went further and created a https://mundocrypton.com/ website to talk about the subject and keep me updated

People of this generation are most aware of Bitcoin. People who are above middle age may not understand Bitcoin very easily but with time they too can get a good idea about Bitcoin. The attitude towards new generation Bitcoin is strong. In the next 1 era it will be difficult to find someone who does not know about Bitcoin. Once someone realizes the potential of Bitcoin, he will definitely not go out of Bitcoin. No other investment platform will be attractive to him other than Bitcoin. But one thing must be kept in mind that Bitcoin is good as an investment platform but there is also potential for loss. A person must have at least a basics about Bitcoin before investing. Otherwise he will fail to retain his wealth.

That business is very common with some parents, because they know that once they buy the land in low price to prepare every document that will make them the owner, and they will not touch the land until the place develop before they will be planning to sell the land in a higher price.

Real estate are some investments that is making some parents not to show face in BTC business, even though their children introduce it to them they will still prefer Real estate business which they have idea on how to make a good profits without the fear of losing their money.

The reason why some parents will not pay attention to anybody, is because BTC is illegal in that particular country and there is no way you can convince them to be involve in BTC business.

where I live, many parents invest in land or build rental houses. If people found out that we were directing their thoughts to investing in digital currency, they would be laughed at and they wouldn't want to hear about it because for them it was just a hallucination or just empty talk.

Most parents today don't want to keep up with the modern technology that we have because they are used to the time they lived in, so you can't blame others either. And there are others who really don't like it because they think Bitcoin is not good, and I respect them for that.

Because they don't know anything, that's why they say such things; they are blind for that matter, that's all. For my part, they just let me do what I'm doing here as long as they see that it helps me; they're happy there in a matter like that.

They dont, they are old enough and not even following the technology in general. It is even hard for them to use smartphone, mostly they use smartphone for phonecall/messaging only. Even though they know that I am as their son investing in cryptocurrency, they do not really care about it and they do not want to know about it more. Maybe because it is related to education background which is so low in my country, not many people who are in the same age as my parents are well educated in my country.

No they don't like these kind of online investments as they think that most of what is here online is a scam and we should try our best to isolate ourselves from this online earning world.

This is not their fault they're not exposed to the era of trading and online earning.They just don't have the mind and growth to think like the way we think now because of the greater exposure to accessories.

lol!
My mum isn't even technologically inclined to know what Bitcoin is all about even at the moment and it didn't even make any difference to her if Bitcoin existed or not. In her time as a youth, what's mostly predominant at the time is basically doing the regular market trading where you sell your goods in the local market with the use of the fiat and that was okay for them and they didn't need much of an alternative means of financial systems outside of the banks. Dad on the other hand has some basic knowledge if Bitcoin based on his personal research but hasn't bought one or even thought on considering putting a dime into it as a possible investment option. It's for a generational something where a particular generation is exposed to a certain way of wealth creation that's somehow different from what's obtainable with the previous generation.

Did this affect my journey into Bitcoin? Absolutely yes. I didn't get know about the decentralized system earlier enough because no one around me was interested in it but only got to know about it when I started my undergraduate journey. If I had stayed back with my parents, I would have most likely taken the same financial part they took. What's going to be the general implication of my knowledge on Bitcoin to my children? They will learn all the basics of Bitcoin investments at an early age and with my exposure on the importance of making early investment, I would Ensure that start off as early as possible but that's going to be at there own discretion. Don't really fancy the idea of imposing shit in people.

if you can explain the performance of bitcoin, I'm sure your father will be interested in investing, especially since the world of bitcoin has now become popular in all circles of society, so for father this will definitely make sense if it will give him extraordinary profits, but you too You have to talk about the risks in investing because there are bound to be gains and losses.

If your parents think bitcoin is a scam and don't trust it enough, you can introduce them to bitcoin ETFs. I think that's enough to prove and convince them that investing in bitcoin is legal and safe. In addition, investing in bitcoin through bitcoin ETF will partly avoid the troubles of storing bitcoin yourself, everything will be much simpler.

But if it were me, I wouldn't encourage or support my parents to invest in bitcoin, because I don't want them to have to face the stress caused by bitcoin's volatility. Our parents are the older generation and now is the time for them to rest, not the time for us to force them to continue making money to take care of us. So I would never advise my parents to invest in bitcoin even if they wanted to invest in it.

They do not live in a generation of computerized technology so that opportunities for our parents to know investment are very small and they do not know how to make purchases or sell cryptocurrency. The times continue to change and there will always be renewal of the system created so that each generation has a different pattern in seeing the sources of investment available. For the generation of children we may have the opportunity to introduce investment in Crypto because they really understand technology and now schools have also used a computerized system for their learning phase.

So take advantage of opportunities to teach our children to invest and slowly we can introduce this system to them when their age is quite responsible for him. Bitcoin gives hope for the process of financial freedom and if we teach them it will be much better for their lives in the future.

My parents don't invest in Bitcoin.Even when I tried explaining Bitcoin investment to my parents their response was does it have anything to do with the internet and when I said yes they said it was a NO for them.With the increase of online fraud I guess my parents are not in good terms with any online way of making profits,they just feel so secured and I love it that way.Bitcoin investment is not for everyone,they are some people that after Bitcoin investment has been introduced them and everything they ought to know about the network they pick interest to invest but along the investment they quit because they can't bear with the ups and downs of the market.

My parents didn't know about bitcoin, they are old and they don't even know how to use cellular phone,laptop, computer etc., even if i have a parent that invest in bitcoin i think it will never affect on my side we have different sight and different ways in making some strategy to earn so i think it is not a problem if our parents know about bitcoin.

Most of the parents of forum members or thread readers aren't from the generation accustomed to computers, let alone cryptocurrency trading. It's up to us to bring the next generation into this investment platform. I believe it is one of the more predictable markets, with a four-year cycle, if everyone can discipline themselves to participate.

My father and mother heard about cryptocurrency and enjoyed the money I earned. But I was not interested in investing in them because they are not technically bright. But they are very happy with my earnings. My father is a farmer and mother is a housewife, raising children with their lifetime earnings. Our family is not very well off, that's why I didn't tell my parents about bitcoin investment. Even if you talk to them about bitcoin investment, they They can listen and understand, but they can't make a position to invest. But with some of my earned money I invested Bitcoin. I am now experiencing a lot of success with my invested bitcoins. I hope to see more success in the future when prices rise further. My family consists of a beautiful family consisting of parents and two brothers and a sister. I am the first bitcoin investor and bitcoin user in this family.

Oh my parents don’t like online stuff that involves money or investments, but one thing I know very well that my father later look into it, if you give him a reasonable reason he will like to invest in bitcoin to make profit, my dad like anything that brings money but they see those people that is trading as people that is ready to lose, the must important things is to buy the consciousnesses but it is raining, so did you know that they can lose what they have but anytime that we make them enjoy Trading

most parents are like that. I also had difficulty convincing my parents about Bitcoin. and they still believe in Gold more than Bitcoin which they know nothing about.
but I managed to convince them to borrow some money from my parents to invest in Bitcoin. that's because they wanted to give me capital for the business but I convinced them to buy them Bitcoin.
and now, I have returned the capital that my parents gave me. It's nice that at least I opened my parents' minds regarding the opportunities that exist in Bitcoin.

You are correct, not every parent can invest in bitcoin because bitcoin has not yet begun to function, and it will be very difficult to persuade them to invest because they will say it is a fraud, and they will most likely not have time to research it to determine whether it is real or not. Since the introduction of bitcoin, our parents have been in business, which has allowed us to grow and learn. now have a good understanding of bitcoin and plan to invest.

I don't think some of our parents will benefit from bitcoin because they are already getting old, and whatever you didn't start when you were young will be very tough for you to do when you are older. won't have time to run it. You can't get the patient to run it because you'll see it as a waste of time, and everyone knows that bitcoin is not an easy thing to profit from because you have to leave for a long time, and some of our parents will disagree because they prefer daily income, which is why they engage in businesses that generate daily income. So I assume he won't be so easily to confuse parents to invest in bitcoin.

There are old people who are still active and also smart to understand it easily. If not, we still can try to explain it to them and it's okay if they don't want to. There is no need to force them. There are still people who will join it, so the price can still continue to increase and if we are profiting greatly, we still can give something to our parents if we think they are having a financial issues.

Old people are used to old school stuffs and the technologies they have before are not comparable to what we have now, so I won't totally blame them if they have less or no interest in cryptos such as Bitcoin. If we are on their shoes we will understand it better.

They don't, they barely use their mobile phones for communication, so it will b difficult for them to even get clue about Bitcoin and beside, when Bitcoin was lauch in 2009, they still don't have good internet phones, it was GSM as internet protocols was just introduced to some African countries(2005 and only the rich could use it then) but there were private network then where people can buy internet and browse then but they don't understand what internet is even about then.

However, I'm breaking that chain of not having a bitcoin. One day if I marry and start my own family, I'll not only teach my child to be q mathematica guru, they will understand what Bitcoin is all about, they have that knowledge for free at early stage before they are later influence by these altcoins and shitcoins on this crypto space.