Nope, my parents doesn't have an investment in crypto although they are aware of it.
They also know that I am earning from it, I think they just don't want to invest in it, they just want to enjoy their life, and I am not against it cause it is their money.
I don't really like to force others to invest in crypto just because I am earning on it, I know how risky it is that is why I would just leave it up to them if they also want to invest or not.
Topic: Do your parents invest in bitcoin ? - page 7. (Read 1060 times)
My parents don't understand crypto, because that's the model of conventional parents. they don't even know where I get the money, because it's difficult to explain to them. Once when I was able to build a house, it actually made them worry about where my money would come from, because they were afraid that I would be in debt, I just stated that I got a fortune, from work that I often do until late at night, because it is impossible to get a salary as an employee.
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
It is very difficult for illiterate people to understand about digital currency Bitcoin which I understand. My parents are uneducated and very little familiar with technology and internet for which they did not properly understand the Bitcoin relationship after spending a lot of time explaining it to them.Actually when my investment was going on for two years I convinced them to invest in Bitcoin but they refused. I pushed my parents a lot to invest in Bitcoin and I told my parents if you invest your money in something and then invest it in Bitcoin you will get double money from it if you hold it patiently for a long time. They asked me for time to understand even agreed but there was a disruption that they used the money to buy land later which made it impossible for them to invest in bitcoins.
Convincing parents in terms of technology today is not an easy thing we can do and it is very unlikely that we will succeed in convincing them about crypto, because they are very comfortable with investing in real assets that they have known for a long time and it would be better for them We don't invite them to this risky investment which makes them anxious when they experience failure in the assets they invest in.
What you did was very good, because you didn't force your parents to invest with high risks if they invested and didn't understand it well and you preferred to focus on your own goals so as not to make mistakes in the investments they made.
What you did was very good, because you didn't force your parents to invest with high risks if they invested and didn't understand it well and you preferred to focus on your own goals so as not to make mistakes in the investments they made.
I will be so brutal but I will say bitcoin isn’t for too older people except they have been in the tech field Long term before. Buying bitcoin or cryptocurrency is just about the money for it but also ways to protect the wallet it stored on are most important. Yes I agree that bitcoin isn’t for just too tech savvy people but also you still need to have that basic knowledge before falling into it.
My biggest concern isn’t even the volatility of price in cryptocurrency, this some of them can handle if you convince them that it is a long term hold thing but the problem is them been their own bank they are easily vulnerable to common simpler phishing attacks like email attacks and can easily lose every thing to scammers which is worse than the price fall we all worry about
- The luck of the other members here is that they also have their parents with them in holding Bitcoin—in short, parents who are also open-minded about the field we belong to.
It's a great feeling to be with them in the process of holding Bitcoin.
That's why I'm not like that, although they let me do what I do because they see that I can survive in bitcoin and cryptocurrency. But they never had an interest in what I was doing.
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
My parents didn't understand bitcoin, they knew a little but didn't want to try it. My parents are too old to know or invest in bitcoin. Once when I explained and offered my parents to invest in Bitcoin but they preferred to invest in property. Even when the price of bitcoin was high and I told them, they answered that they were too old to learn bitcoin and the risks were too high for old people like them. Yes, I understand if their mindset is like that because maybe bitcoin was not created in their time. 
Are your parents investing in bitcoin ?
They don't know the term crypto or more specifically bitcoin at all and my parents have never made a decision about this in their lives.Has it impacted your journey with crypto ?
Personally, I have never been affected by this and I know about the crypto world from other people. I also never discussed investing in bitcoin with them because I was sure they would never be interested in this system. Our parents were more interested in buying gold and land because at that time these two things were the safest in their opinion. Overall, these conditions did not affect me in investing because I had my own views when I was involved here.We can't force everything, even if it's our parents, because the changes that occur will definitely follow the times. Now we are in the era of the crypto industry while our parents were not familiar with this system. So let each period have a story and focus on reaching the stage of perfection to achieve financial freedom.
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
My parents don’t know anything about crypto or anything concerning bitcoin and I don’t even bother to introduce it to them because I see it as if I do they won’t believe it and instead of doing that to convince them to do something they won’t do I will rather leave it, my parents are not the kind of people that are very educated about technology, although Dad knows he never knows anything about bitcoin, some parents struggle to make money to buy what the family will eat in a day and it will be very difficult for them to invest in bitcoin, some of us come from a poor background and if we convince our parents to invest what they have to invest it can lead to another problem.
Bitcoin is not a short-term investment and we know our parents are not going to accept that unless the parents have another source of income, in fact it will be very difficult to convince a parent to invest because they are not as well educated as us, some might later agree with your decision that he will invest because of the profit you mention in the investment but ones that they see that the investment is taking time and if they didn’t see the profit coming they can even got angry and start having a negative reaction that they have lost their money.
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
Even now my parents don't understand what Bitcoin is and how I can get it lol. However, there is one habit of theirs that I imitate, they like investing in gold from a young age. I saw that their habits were very worth learning and it was enough to motivate me to invest in Bitcoin. Their consistency and habits made me understand a little about the correct way to invest in an instrument.
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
My parents are not that educated, it was difficult for me to make them understand about Bitcoin. I gave my parents idea about Bitcoin many times but they didn't understand easily what Bitcoin is. I told my parents that Bitcoin price was very low in 2010, it has increased a lot now and will increase more in the future. At some point my parents got some idea about Bitcoin. But my parents are afraid to invest in bitcoin knowing about the risk of bitcoin, I explained to my parents that long term investment in bitcoin can definitely be profitable. But my father likes to buy land, he buys land only if he has money.It seems like they really don’t understand it anyway so just do your own thing. As long as they are not putting their money in unnecessary trouble then I think that’s okay to not worry about them understanding and investing in bitcoin.
Bitcoin is not the only investment in the world and everyone has their own choice, we don't need to be sad or force anyone, especially parents, they belong to the older generation and investing in bitcoin is really not suitable for them.
In addition, I disagree with @Bd officer when he asserting and certainly investing in bitcoin will always be profitable in the long run. The future is unpredictable and we have no proof that what we say will happen, so let's not swear or guarantee things just because we want our parents to invest in bitcoin.
No my parents don’t really like bitcoin. They are mostly into the classic stuff like real estate and stocks. I can’t blame them though because they are doing pretty good with those assets. They don’t need to invest in crypto because they can already make money without taking too much risk. Living long enough has benefits like that because time in the markets always beats timing the markets. Ask Warren if you don’t believe me. He made majority of his wealth after he became an elder. He was kind if rich when he was young but as he got older, he became filthy rich.
If your parents are already investing in the stock market then kudos to them, I don't really know anyone whose parents invest in the stock market. In their case I can understand why they are reluctant to invest in bitcoin, they are already getting good results, why should they take bigger risks? If it ain't broken, don't fix it, this is their case.
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
Parents are very old fashioned and tech is not their friend, they prefer old methods instead of new ones. I managed to believe my parents that Bitcoin and some other cryptocurrencies are a good investment method but they simply don't trust it and they are afraid that what if I want to withdrall all my coins and price is low during the withdrawal time? This is what they are mostly afraid of. Btw they are smart enough to understand that one of the biggest positive side of Bitcoin is that you are your own bank and no one can steal or confiscate your coins.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.
Correct me if I am wrong but I assume you are at least 25+ years old and your father is a bit old. Don't take it wrongly but I think that it's a good achievement that your father managed to buy Bitcoin himself if he is 40 or 50+ years old. Anyway, Bitcoin is way more common in millenials and Gen z.
Are your parents investing in bitcoin ?
What? 
If the words "blockchain, crypto, bitcoin" were said at the same time, my parents would think that someone was trying to summon a demon. In my region, for most older people, investment means buying real estate and a bank account with meager interest. What can we say about thebitcoin if parents are lost in navigating the smartphone, and the PC is the technology of past highly developed civilizations?
Most parents (of the older age group and not only) are like this.Has it impacted your journey with crypto ?
Absolutely not.
I've attempted to persuade my father multiple times, but without success. Back in 2017, he regarded it as a Ponzi scheme and a bubble. When I mentioned in 2020 that we would likely see another All Time High soon, he remained skeptical and predicted a crash. Then, in both 2022 and 2023, I informed him that it was undervalued, and I felt sorry for him because he seemed convinced, but lacked the funds to invest.
Presently, our relationship has improved, and I believe I've managed to open his eyes to the potential of this investment opportunity. However, his income isn't sufficient for him to save anything substantial.
Presently, our relationship has improved, and I believe I've managed to open his eyes to the potential of this investment opportunity. However, his income isn't sufficient for him to save anything substantial.
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
I am sure that for us that are not part of the newest generation wouldn’t have parents that are technologically literate. They can barely understand facebook, they wouldn’t have the patience to understand bitcoin let alone actually partake in it.Once millennials and gen z start having kids then we’d have a whole new generation of kids that will grow up with exposure to cryptocurrency. By then we’d be able to understand what kind of effect does having early exposure to cryptocurrency would have on children.
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
Even now my parents don't understand what Bitcoin is and how I can get it lol. However, there is one habit of theirs that I imitate, they like investing in gold from a young age. I saw that their habits were very worth learning and it was enough to motivate me to invest in Bitcoin. Their consistency and habits made me understand a little about the correct way to invest in an instrument.
Left with just one parent and trying to convince my mother to invest in bitcoin iis not something i have thought of because i know the kind of person she is and i wouldn’t want to add to her problems because she is not emotionally okay to invest in something that is volatile, she is that kind of a person that will be easily bothered over little things then just imagine how she would react when the price of bitcoin is falling and she seeing her money dropping gradually.
She have once told me about bitcoin and asked me how legit was it and that she heard her co workers talking about it and she would like to invest if it’s not a scam then i told her everything about it and how it works, she only after the profit and didn’t really weigh the risk involved and she only wanted to invest for a short period that she wants profit as soon as possible. From her response i knew she wasn’t ready and she won’t have the patience to withstand bear market and considering her health issues i wasn’t ready to put her into it. I finally concluded not to let her invest when she said she want to take a loan to invest.
She have once told me about bitcoin and asked me how legit was it and that she heard her co workers talking about it and she would like to invest if it’s not a scam then i told her everything about it and how it works, she only after the profit and didn’t really weigh the risk involved and she only wanted to invest for a short period that she wants profit as soon as possible. From her response i knew she wasn’t ready and she won’t have the patience to withstand bear market and considering her health issues i wasn’t ready to put her into it. I finally concluded not to let her invest when she said she want to take a loan to invest.
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
My parents are not that educated, it was difficult for me to make them understand about Bitcoin. I gave my parents idea about Bitcoin many times but they didn't understand easily what Bitcoin is. I told my parents that Bitcoin price was very low in 2010, it has increased a lot now and will increase more in the future. At some point my parents got some idea about Bitcoin. But my parents are afraid to invest in bitcoin knowing about the risk of bitcoin, I explained to my parents that long term investment in bitcoin can definitely be profitable. But my father likes to buy land, he buys land only if he has money.It seems like they really don’t understand it anyway so just do your own thing. As long as they are not putting their money in unnecessary trouble then I think that’s okay to not worry about them understanding and investing in bitcoin.
My father died early and mother also died before I picked up the interest to invest in Bitcoin, although I had the opportunity to discuss with my siblings when I realized that Bitcoin is the way forward in long term investment, but they're still being pessimistic. I think that they are still satisfied with other investments that they are into, not cryptocurrency. I believe that Bitcoin and cryptocurrency are not investments that you can force people to enter, because I don't think that it is for everybody, despite how lucrative that we think they are.
For older people, it is very difficult to believe in Bitcoin investment, they tend to look forward to old age and invest in real estate.I also experienced almost the same thing but my parents are still around but they are not interested in investing in Bitcoin, now they are enjoying their old age and thinking about their health and I think that's normal.
If we look now, the average person who invests in Bitcoin tends to be young because they believe in a profitable future, whereas for older people, maybe if they have a lot of money they just want to buy several houses or land to pass on to their children and grandchildren.
Well, they actually do not invest at all. So I made a decision to invest on my own. But they know that I have crypto, the asked a few things, but they do not show too much interest.
My father died early and mother also died before I picked up the interest to invest in Bitcoin, although I had the opportunity to discuss with my siblings when I realized that Bitcoin is the way forward in long term investment, but they're still being pessimistic. I think that they are still satisfied with other investments that they are into, not cryptocurrency. I believe that Bitcoin and cryptocurrency are not investments that you can force people to enter, because I don't think that it is for everybody, despite how lucrative that we think they are.
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