Do your parents invest in bitcoin ? - page 5.

Gladitorcomeback

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Quote from: Dr.Osh on May 25, 2024, 12:52:47 AM

my parents are quite old, and leave all forms of business to me. So, in general, he does not invest in bitcoin. After all, I just want him to enjoy his old age with what he has worked for since he was young. However, he knows that I'm learning and invested in this, so the investment he's making is raising me and making me take care of this.

My father left us a couple of years back, and even when he was alive and with us, he didn't care much about what I was doing. He mostly used to think that I was playing games whenever I was on my computer or mobile. He later came to know that I was earning money online. I think he was happy for me but we know fathers don't usually express their emotions openly I used to sense that he realized it that I wasn't playing games any more after one point.

For my mother, it was enough for her to know that I was earning money online and I was not going somewhere out to work and this thing used to make her happy and satisfied. I don't live with her anymore because I'm in a different city, but whenever we talk on call, she always asks about what I'm doing and how is work and she is still happy that I'm not going anywhere for work.

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Quote from: harapan on May 25, 2024, 04:01:00 PM

To be honest with you all,my parents don't know what bitcoin or cryptocurrency is,my parents are way too old with this technological developments and improvements.My parents wouldn't want to involve themselves in activities with the Internet because they consider it fake precisely.My parents are not fans of the Internet,so trying to indulge them into bitcoin and secondly investing in bitcoin will take a very long time and efforts to actualize the theory on them.

I must say that they're old fashioned and they're only conversant with whatever knowledge and application/methods that they used while growing up that worked effectively for them.In as much as they don't follow upcoming trends and activities,some suggestions and advice will not need to be introduced to them.

Introducing bitcoin to old peoples really has quite a tough challenge, old people will always feel smarter and won't easily listen to the sentences their children say, especially when we discuss technology with them, that's really a very challenge thing. My uncle has a lot of money and he really likes to invest, but when I introduced Bitcoin to him, he rejected it and would never believe in Bitcoin.. currently, my uncle is 70 years old.

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Quote from: MainIbem on May 24, 2024, 05:27:42 PM

Quote from: Raflesia on May 24, 2024, 04:55:25 PM

My parents are not in bitcoin because they are enjoying their old age right now so for now I am in bitcoin not because of my parents because even my parents don't really understand what bitcoin is. But with this condition I actually become more enthusiastic to teach my younger siblings and family to look further into bitcoin.

Same as mine, they're currently enjoying their grey days, but lately my mom is beginning to pick interest in Cryptocurrency she's seen what I've achieved with it and has got prove that investing in Bitcoin is a very good idea, before the just concluded halving my mom came across some posts on Facebook concernng it and out of ignorance she asked if it was relating to the Bitcoin am into, and if it would make her very rich we both laughed over it but I laughed harder because that's an ignorant person speaking. But I was impressed afterwards cause she showed interest and asked me to explain what Bitcoin is all about. My parents are hard working and business minded and I'm pretty sure if Bitcoin reigned in their youthful days they would've been big investors in it, my dad in his youthful days was into Real Estate and had several landed properties while my mom was a government health worker and owned a clothing store. And with the questions they been asking me concerning Bitcoin currently I believe they would've seized the opportunity to invest in it when it came out if only they weren't ignorant of it.

All have their own time so there is no need to be forced regardless of whether our parents are in bitcoin or not I don't think it is the most important obstacle for now when we are sure of bitcoin then continue it as long as our parents are in bitcoin or not it doesn't matter because in the end we can still learn and see from those who have been in bitcoin before because learning something does not need to only refer to parents especially we are adults .

As for your parents who are currently interested in learning bitcoin then it could be a good thing but in this case I think the advice I can give is just about teaching it not to make him in bitcoin because when the current retirement age is actually the time they enjoy life with the wealth of the results of their youth not being in a risky situation like bitcoin because indeed his age is too old for that .

harapan

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Quote from: Nwada001 on May 22, 2024, 11:09:39 AM

My parents didn't even know about crypto until I talked about it with them. My mom finds it very difficult to understand the whole thing, as she is not technically enlightened. Even my dad, who has asked me questions a few times about how it works, is still not convinced as to whether it is worth his investment.

My parents are the type of people who believe in what they can see with their eyes; they are both entrepreneurs, yet they find it difficult to invest in Bitcoin.

I'm the only one with my other siblings, who follow after me and have at least some basic knowledge of Bitcoin and are also holders. Buying Bitcoin might be the last thing on my parent list right now unless I'm ready to sign that whatever the outcome will be, I will take full responsibility, which I'm not ready to do.

To be honest with you all,my parents don't know what bitcoin or cryptocurrency is,my parents are way too old with this technological developments and improvements.My parents wouldn't want to involve themselves in activities with the Internet because they consider it fake precisely.My parents are not fans of the Internet,so trying to indulge them into bitcoin and secondly investing in bitcoin will take a very long time and efforts to actualize the theory on them.

I must say that they're old fashioned and they're only conversant with whatever knowledge and application/methods that they used while growing up that worked effectively for them.In as much as they don't follow upcoming trends and activities,some suggestions and advice will not need to be introduced to them.

SOKO-DEKE

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Quote from: krishnaverma on May 22, 2024, 10:43:01 AM

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

My parents are not fans of online investment, so none of them invest in Bitcoin or any other cryptocurrency. In fact, from my observations, many old people hardly invest in cryptocurrency unless those who are computer literate, especially in African countries. Old people are hardly involved in online investment; they believe much in physical investments like gold and other stuffs like that. My parents are not fans of cryptocurrency, but I believe they know about it and are aware that I am into bitcoin investment, and they never discourage me from investing in Bitcoin and other projects.

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Quote from: bitmover on May 22, 2024, 10:46:48 AM

Quote from: krishnaverma on May 22, 2024, 10:43:01 AM

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Lol my father does have some Bitcoin. I told him to buy, but he did a terrible job and bought way later at terrible prices.. he wanted to sell, I stopped him, and now he is in profit but just a little bit.

Anyway, Bitcoin is way more common in millenials and Gen z.

https://www.ypulse.com/wp-content/uploads/2021/07/CRYPTO-2-300x189.png

https://pbs.twimg.com/media/GHRohemWkAAs9M5?format=png&name=900x900

Mes parents ne fond pas beaucoup confiance au crypomonnaie . ils disent que c' est de l'arnaque.J'essaie toujour de les convraincre mais sa ne donne jamais rien

darkangel11

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Quote from: teamsherry on May 25, 2024, 12:55:23 PM

My dad is more like the no online guy, he doesn't want to hear it not after he was scammed by one website that promised him some huge roi for his investment, although it wasn't much he just tagged it all black, with the high rate of scam going on in the crypto space most older person's are quite cautious with how they woudl like to thread in this section some stay off and other would need a little more convincing to make them do anything, the only person interested in bitcoin aprat from me is my bro but we haven't put as much as we want into it yet.

Same here. My parents are baby boomers, so they never had anything to do with computers. They used to work using calculators and that was as far at their knowledge of digital age goes.
They don't like bitcoin because they don't understand it and by listening to them I can see Why Elizabeth Warren, Joe Biden and Warren Buffett were hostile towards bitcoin. For people in their 70s and 80s this is usually too hard to comprehend and it makes them angry. They'd rather call it a scam than spend time learning it.

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Quote from: krishnaverma on May 22, 2024, 10:43:01 AM

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

As much as I want them to invest for future profits, I believe the risk to lose is unbearable for them. They’re not young anymore that they can manage well their emotions and be more flexible with it, instead they’ll be easily annoyed how volatile bitcoin is and how bitcoin price quickly drop its price when majority expect it to keep surging high and reach its new all time high. So maybe bitcoin is not really for them even if they’ll say they’ll invest at their own risk.

lizarder

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Quote from: krishnaverma on May 22, 2024, 10:43:01 AM

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

My parents are not the type of people who know the internet in detail so we didn't get the momentum for an introduction to crypto through the education they provided and they often talked about gold as an investment system. If asked whether there is any influence, I can answer that there is none at all because I got to know crypto through other people. I even talked to them about investments and the answers they gave were up to me in making decisions because the most important thing is that I understand what is being done.

But I am sure that every effort we make to improve financial conditions will always receive support, even though they themselves don't know how. Remember, that no parent wants to see their child suffer and they will always provide support for their child to achieve success wherever we are.

Maestro75

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Quote from: Nwada001 on May 22, 2024, 11:09:39 AM

My parents are the type of people who believe in what they can see with their eyes; they are both entrepreneurs, yet they find it difficult to invest in Bitcoin.

Most parents from Africa are like that and that is because they are not used to this online thing where you earn money without selling something physical. My mum used to think it was the same thing as internet fraud when I started with bitcoin. She used to be scared I would get into trouble with law enforcement. Her fears are not strong anymore now although she does not still understand what bitcoin is. Am not interested in enlightening her. It will be wasting my effort.

teamsherry

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My dad is more like the no online guy, he doesn't want to hear it not after he was scammed by one website that promised him some huge roi for his investment, although it wasn't much he just tagged it all black, with the high rate of scam going on in the crypto space most older person's are quite cautious with how they woudl like to thread in this section some stay off and other would need a little more convincing to make them do anything, the only person interested in bitcoin aprat from me is my bro but we haven't put as much as we want into it yet.

Stable090

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Quote from: krishnaverma on May 22, 2024, 10:43:01 AM

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Most old parents are not really interested in bitcoin in my region or should I say in my community, not that they are having any negative thing about bitcoin, but they are not just ready to invest in bitcoin. My parents don’t have bitcoin, they are not really interested in it, maybe just because of their age. I told them about bitcoin, they just believe in physical investment, but they never discouraged me from investing in it before. Whenever we are having discussions about bitcoin, they do encourage me, and they do say good things about it, but all my brothers and sisters have bitcoin in their wallets.

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Quote from: gunhell16 on May 25, 2024, 04:36:10 AM

If those who have parents who support them in what they are doing in the Bitcoin industry are envious, then they are also investing in Bitcoin with you. That kind of parent is very supportive. But most of them really don't understand what we do in this industry.

I don't have parents, but I have many relatives. That's why they don't believe in what I'm doing, even though they know I've been here for several years in the crypto business I'm in. Although they don't say that I'm doing it badly,.

Envious meaning they are jealous so if they are having that feeling then for sure that they will not support there child because that feeling is so negative. But I think you just use the wrong word for that, but still I understand your point. Also its expected that they don't know about what we are doing or investing since they are old and maybe outdated about this.

Your relatives maybe don't believe what you do since they don't understand about it also they didn't bother to learn since what they want to do is those traditional way to earn money and they are not open to learn something new since maybe they think its risky to them. If they are showing no interest about it then don't feel bad if you have certain feeling like this and try to understand that maybe for now investing or learning bitcoin is not for them at the moment. I also don't bother my parents to learn this since I don't want to get stressed. If I gain some profits then I will just give them some money then enjoy it, since they deserve stress free life and enjoy their retirement.

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Quote from: krishnaverma on May 22, 2024, 10:43:01 AM

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Broadly speaking. not. My parents love gold investment and currently I have aspirations like they also invest their style but in digital gold which is BTC

I would hold BTC exactly like my parents did when they invested in gold. After the time comes, it will be wonderful to discuss with them about this investment.

So, the principle I do invest and than tell the results. Cheesy

.

glendall

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none of my family plays crypto, but my online friends taught me what crypto is and what you can get from crypto, that makes me motivated to save my funds in crypto

bettercrypto

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Quote from: ThemePen on May 25, 2024, 04:46:47 AM

Quote from: Renampun on May 25, 2024, 03:29:59 AM

Quote from: krishnaverma on May 22, 2024, 10:43:01 AM

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

My parents never wanted to invest in crypto, they are quite orthodox, they don't believe in things called investments, they only believe in gold and property, but this doesn't affect my journey in crypto, I am very happy investing in crypto, even the majority of assets I own owned in the form of crypto (which dominates is bitcoin), I am sure that in the future bitcoin will continue to experience price increases, that can be guaranteed.

I think it is great that you are making your own decisions about investing in crypto even if your parents do not agree. You are not letting their doubts stop you and that is very confident. You really like Bitcoin and it is clear that it is big part of your investments. While all investments carry some risk, it is OK to be hopeful about Bitcoin future because of how well it has done in past. It is awesome that you are investing in what you care about.
In my case brother my parents illiterate and they don't know about Bitcoin. Even in my family no one knows amd now I told them and they are now getting interest in Bitcoin. My Parents still don't know about that and they also don't want to know. And they are much older and my parents you can't believe that they even don't know how to use mobile. So how they know about Bitcoin or will show any interest about Bitcoin.

I think that most of us who are members here in the forum are not supported by their parents; it seems that they just let them do what they do. It seems like it's the same with me; they also just let me do what I want to do in this industry.

My parents also said that he would like to understand that I am doing this; he is too old to do this, and he is leaving it to me because my mother knows what I am doing because she knows that I have not been an employee for several years. but I can survive because this is all I do.

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Quote from: Ale88 on May 24, 2024, 05:47:44 PM

Sometimes the problem is not being illiterate, it's the generational gap the problem: in the last 30-40 years the world changed a lot, and it changed extremely quickly, and for many people there are just so many new complicate things coming out one after the other that is difficult to stay behind everything. The younger generations are born using certain tools so they don't need to actually learn how to use them, it's part of the process, just like you learn to walk and talk pretty much: you learn without realizing you're doing it.

Yes the world has changed very very quickly in the last 40 years. As I remember when the internet was discovered, and the Google search engine was created, the emergence of Facebook and YouTube, until entering the era of social media and the opening of new types of work that utilize social media and the internet, all lasted around 30 to 40 years. Our parents who may be 50 or 60 years old have experienced a very fast developing world that is different from what they experienced in their childhood. I mean the current generation has adapted to this fast world since childhood. Because of this, we know what is called gap generation.

My parents also didn't know about bitcoin. They don't even know how to operate social media. They only use WhatsApp because of necessity. This happened because they were no longer able to adapt to very fast changes because they were already 40 years old when the internet started to spread widely in my area.

But they support their children to learn. They don't teach us the way they used to learn, but they teach us to learn according to current world conditions. That's why I know Bitcoin, this forum and some things about the internet.

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Quote from: Renampun on May 25, 2024, 03:29:59 AM

Quote from: krishnaverma on May 22, 2024, 10:43:01 AM

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

My parents never wanted to invest in crypto, they are quite orthodox, they don't believe in things called investments, they only believe in gold and property, but this doesn't affect my journey in crypto, I am very happy investing in crypto, even the majority of assets I own owned in the form of crypto (which dominates is bitcoin), I am sure that in the future bitcoin will continue to experience price increases, that can be guaranteed.

I think it is great that you are making your own decisions about investing in crypto even if your parents do not agree. You are not letting their doubts stop you and that is very confident. You really like Bitcoin and it is clear that it is big part of your investments. While all investments carry some risk, it is OK to be hopeful about Bitcoin future because of how well it has done in past. It is awesome that you are investing in what you care about.
In my case brother my parents illiterate and they don't know about Bitcoin. Even in my family no one knows amd now I told them and they are now getting interest in Bitcoin. My Parents still don't know about that and they also don't want to know. And they are much older and my parents you can't believe that they even don't know how to use mobile. So how they know about Bitcoin or will show any interest about Bitcoin.

gunhell16

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If those who have parents who support them in what they are doing in the Bitcoin industry are envious, then they are also investing in Bitcoin with you. That kind of parent is very supportive. But most of them really don't understand what we do in this industry.

I don't have parents, but I have many relatives. That's why they don't believe in what I'm doing, even though they know I've been here for several years in the crypto business I'm in. Although they don't say that I'm doing it badly,.

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Quote from: krishnaverma on May 22, 2024, 10:43:01 AM

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Actually, I have been recommending this to them (my parent) for a long time, but if you think about it what they need when they are old is no longer investing in assets with high volatility but they need to invest to ensure their health. Therefore I have decided to no longer recommend Bitcoin. Meanwhile my oldest brothers until now have almost all invested in Bitcoin because the first one suits what they are looking for regarding investment and in Bitcoin they don't worry about taxes. The 20-45 year age range for investing in Bitcoin is still attractive but that is not a specific benchmark. I only pay attention to the people closest to me after providing education about Bitcoin investment.

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