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Topic: Do your parents invest in bitcoin ? - page 9. (Read 1062 times)

sr. member
Activity: 658
Merit: 387
May 22, 2024, 04:47:29 PM
#31
However, even if older people in some parts of the world understand what BTC is, it would be hard for them to trust it or to buy it, they will most likely call it a scam and stick with older forms of investment that they are used to.
Exactly, unless the older person is already into the digital world and has knowledge of how things online work, if not every one of them sees what's happening on the internet as a scam, I was even told by one of my uncles I lived with that they always see me online and talk about crypto. He always told me that I'm wasting my time online and doing what's not going to be beneficial to me. 
 
Most of them see anything online as a scam, and trying to convince them to invest their money there is just like asking them to throw their money away, which they will never buy. My uncle would rather use the money to buy cigarettes and bottles of seaman dry gin than sit down and empty them than put them on something he doesn't understand.
hero member
Activity: 1456
Merit: 940
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May 22, 2024, 04:43:48 PM
#30
My folks are getting up there in years.  Cryptocurrency adventures rank pretty low on their list of priorities, to put it mildly.  Getting them to wrap their heads around the notion of a digital wallet, much less invest in something as abstract as Bitcoin? That's a war I just don't have the energy to wage. 

They're set in their ways and  and I cant blame them - they came of age long before terms like digital assets entered the lexicon.  Heck, my dad still refers to the remote control as the clicker.  The pace of technological change leaves them dizzy.  To them email might as well be magic.    Cheesy
sr. member
Activity: 1498
Merit: 271
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May 22, 2024, 04:43:13 PM
#29
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

None of my relatives or family members don't believe in Bitcoin, even though I've been in the cryptocurrency field for 7 years and I don't have a job. They don't have any interest in knowing what I'm doing. Maybe one time one of my relatives asked me about Bitcoin and if it was okay? He asked me at that time because he said he knew someone who was investing in Bitcoin.

I just told him that if you only know what Bitcoin is and he can understand its concept, for sure he won't need to ask anymore, and he will definitely buy it right away. At that time, the price was around 15k for something of Bitcoin, and he said that it was expensive, so if he asks me again about this matter, I will just tell him that when bitcoin was 15k$, you were in charge, but it will be more expensive now because bitcoin is at 70k$. But if he bought at the time it was 15k$, he would have made x4 profit for sure.
hero member
Activity: 2702
Merit: 672
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May 22, 2024, 04:33:25 PM
#28
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
Nope. I don't think they know anything much related to stocks or finance, so getting them into crypto would be pretty hard. They know I'm doing something stocks-related though since they're aware of how my money just goes to somewhere every month without them knowing lol. Hasn't impacted me that much really, they weren't really that curious about it. My sis does some crypto-related stuff though. Idk anything specific since we don't talk/share about stuff like that though.
full member
Activity: 700
Merit: 205
May 22, 2024, 04:18:24 PM
#27
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
bitcoin is one of the mega investment on earth right now if for example your parents accumulative bitcoin for you it is investment for you because nobody knows the future of Bitcoin tomorrow it might be that in future that the price of Bitcoin in value will be more advantages than the price of Bitcoin currently so I will appreciate when someone gather or accumulate bitcoin for me because cryptocurrency mostly Bitcoin is going to dominate the world in future reference everyone likes to invest in cryptocurrency because it is a decentralized currency so it is good for me to have investment more in Bitcoin that having a manual business
hero member
Activity: 770
Merit: 538
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May 22, 2024, 04:09:42 PM
#26
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

My mum doesn't know anything about crypto but supports me to invest. She would say, "as long as it's not something that will rub you off your money, then it's fine. " I have not really discuss crypto with my dad but I think he has a little knowledge about crypto and has never ask me anything related to crypto anyday. My dad sees a lot of stuff I post about Bitcoin on my social media account and he barely ask what it is and that's because he is already aware but doesn't just give a fuck to ask.
hero member
Activity: 3010
Merit: 794
May 22, 2024, 03:32:14 PM
#25
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
Nope,. they arent that interested and they are close minded whenever you do mentioned into them about online stuffs and other potential investment. They are really that die hard
fans of those traditional investment like real estate or those physial real world business on which it isnt really that bad but knowing that there are other opportunities that could be found online
then it wont really be that something worth to test on. On the moment that they had that made out such rejection or showing no interest with Bitcoin or crypto investment then i didnt bother
myself on making some explaination to them but instead i do focus on my own and make money on my own.

It might really that sounds too selfish but this is how things works on which if you dont find yourself that being that wise on dealing up with things whether traditional or online opprotunities
then you wont be finding yourself on having that kind of success. We would really be diving any money making opportunities and this is whats important. There are really just that
people who are really that closing up their minds into those new opportunities on which they arent wary that it is really indeed possible.
legendary
Activity: 3178
Merit: 1054
May 22, 2024, 03:00:14 PM
#24
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
Truth be told my parents are very poor in terms of technology and they are very little familiar with internet world. so they didn't know anything about Bitcoin and didn't understand that I asked them for some money and what I would do with that money, I dared to say that I would invest some money in Bitcoin. they laughed. So I didn't try to convince them anymore because I know I won't be able to convince them. my parents don't know about bitcoin don't invest in bitcoin but my kids can say that my parents invest in bitcoin, use bitcoin and know about bitcoin he he he....
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.

even an older brother actually is not easy to make them invest in something they do not understand.

the easiest to do it is to let them buy from you with a huge discount. i tried installing a local wallet on my brother's phone just so he could try it out. but as long as they find it not useful to their life, they will not use the app either. they likely use the weather forecast app rather than using the Bitcoin wallet i installed. just means the old generation is not interested, i guess less stress for them.

sr. member
Activity: 2324
Merit: 263
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May 22, 2024, 02:24:19 PM
#23
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
Truth be told my parents are very poor in terms of technology and they are very little familiar with internet world. so they didn't know anything about Bitcoin and didn't understand that I asked them for some money and what I would do with that money, I dared to say that I would invest some money in Bitcoin. they laughed. So I didn't try to convince them anymore because I know I won't be able to convince them. my parents don't know about bitcoin don't invest in bitcoin but my kids can say that my parents invest in bitcoin, use bitcoin and know about bitcoin he he he....
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.
legendary
Activity: 4228
Merit: 1313
May 22, 2024, 02:21:58 PM
#22
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.


Hard to convince old forks to eat new foods, it have to take a lot of time, talk and profable results for them to be convinced just a bit, and doing so may be late in such situations, although the pick interest either one ways or the other as long as we keep pushing our Bitcoin activities and usage to they face, in terms of investment, I think some of our parents are late to invest in Bitcoin now considering the level of finance and how much Bitcoin is cost at this time.
...

I'd be interested in hearing what constitutes "old" on here now.  lol.  Grin

Even one of the youngest on here from 2010-2011 timeframe (who is no longer on here at all) was around 17-18 then and so now would be early/mid 30s since I was never clear his precise age just around there.  For those of us who were older than that then, we are obviously 14-15 years old than back then.  lol.  Our kids would answer yes to the question posed above.

On a somewhat related point I did talk to people about it fairly often back in 2010-2013 (and thereafter) but there were the typical "tulip" comments, "it is too late" etc.  I made the point that if you spend your coffee money on bitcoin for a month or two you could end up with 10-20 of them at little cost, but few people did it.  

full member
Activity: 448
Merit: 130
May 22, 2024, 02:12:47 PM
#21
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
My parents are not used to it they are not so ignorant about such modern technology. If my parents had experience in Bitcoin then when I started Bitcoin my parents bank account had  money which I could have invested and profited multiple times in the current market. I have called them several times to invest in Bitcoin but they have not heeded me they have clearly told me to invest my own income in such investments. However I can't get my family members interested in bitcoin investing but I am focusing on my own Bitcoin investment. I am a small investor I have some amount of bitcoins invested I want to hold it for a long time until I reach my main goal.
sr. member
Activity: 546
Merit: 309
May 22, 2024, 02:03:04 PM
#20
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
Truth be told my parents are very poor in terms of technology and they are very little familiar with internet world. so they didn't know anything about Bitcoin and didn't understand that I asked them for some money and what I would do with that money, I dared to say that I would invest some money in Bitcoin. they laughed. So I didn't try to convince them anymore because I know I won't be able to convince them. my parents don't know about bitcoin don't invest in bitcoin but my kids can say that my parents invest in bitcoin, use bitcoin and know about bitcoin he he he....
hero member
Activity: 3080
Merit: 603
May 22, 2024, 01:55:26 PM
#19
Are your parents investing in bitcoin ?
Yes but only a few because I've told them to buy. But they are inconsistent and never bought again but they still hold that few amount.

Has it impacted your journey with crypto ?
Not really. I was just happy to see them hold just as mine but they're not the same interest as I've shown them. But it's fine, they're also like us, HODLERS.
member
Activity: 66
Merit: 5
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May 22, 2024, 01:42:24 PM
#18
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
Perhaps, bitmover already gave you the best of information you can get there.

But I will add my personal experience too. At my age, I'm very very young compared to the people I see here in the forum, although it's an anonymous forum but I still see alot of my parents age here. Since, I know alot of old people are here who are capable of having me as their children 10x then, I can say my parents ages invests in bitcoin.

But for my parents, Nahh.. I guess if I tell my mom to get some for her self as an investment she might if I'm able to convince her but for my father his in heaven 🕊️ I guess I would have gotting a lot of bitcoin in his portfolio if he was here, so basically the impact of this was negative in my journey with bitcoin.
legendary
Activity: 966
Merit: 1042
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May 22, 2024, 01:40:14 PM
#17
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Hmm, in straight yes, my father is an active accumulator of Bitcoin from his monthly salary based on the Buy the Dips strategy and DCA as well, you can say a hybrid technique to accumulate which is more efficient in my view as well. Yup, my own journey started after getting inspiration from my father although he knew just the basics TBH, he was the first motivation for me to start exploring this space, and now Alhadmdullilah I know a lot, and on the way to grabbing more and more.

He did buy some Bitcoin in early 2016 and sold them for some reason id don't know haha but know he accumulated after realizing the potential in the 2020 market.
hero member
Activity: 994
Merit: 1089
May 22, 2024, 01:27:20 PM
#16
You should probably have put your op better, i believe you want to know if older people around us are interested in BTC and if they also buy some coins for themselves. This will depend on the part of the world we are talking about, in my own opinion, it will be harder for older people to get involved in BTC in third world countries, or in locations where education is poor, and there is little or no literacy in tech or the digital world.

However, even if older people in some parts of the world understand what BTC is, it would be hard for them to trust it or to buy it, they will most likely call it a scam and stick with older forms of investment that they are used to.
sr. member
Activity: 854
Merit: 327
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May 22, 2024, 01:19:49 PM
#15
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
My parents are old and even struggling to come to terms with some modern facilities. My parents do not even find it easy navigating through their own phones, I do not think they are capable of investing in bitcoins at their age because they are not tech friendly. They are more focused on traditional investment that they can physically monitor.
I would have been a happy though if they were investing because to have my parents investing in Bitcoin would have been a huge encouragement for me and I believe that I would have started earlier since they would have been a big influence from a young age.
member
Activity: 295
Merit: 28
Enterapp
May 22, 2024, 01:11:16 PM
#14
My parents never really knew what crypto was and what BTC was because they only knew about one investment, namely gold and it was natural that they were already old.

What motivates me now in BTC is that the pattern of making profits is simpler and shorter than what my parents invested in and the pattern is very similar to buying gold, only the duration is different in terms of profits.

BTC is digital gold for now.

hero member
Activity: 910
Merit: 507
May 22, 2024, 01:09:50 PM
#13
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.


Hard to convince old forks to eat new foods, it have to take a lot of time, talk and profable results for them to be convinced just a bit, and doing so may be late in such situations, although the pick interest either one ways or the other as long as we keep pushing our Bitcoin activities and usage to they face, in terms of investment, I think some of our parents are late to invest in Bitcoin now considering the level of finance and how much Bitcoin is cost at this time.

All that I think they can do for now at least in my own situation is just to have basic knowledge about Bitcoin and the technology just say the have knowledge on how we make money through Bitcoin investment and trading or any other activities that engage with Bitcoin to generate income.
jr. member
Activity: 97
Merit: 7
May 22, 2024, 01:03:55 PM
#12
No, my parents do not invest in Bitcoin because they don't even have a clue how it works, and I'm pretty sure no day will come when my mom thinks of something like that. 

Just my younger brother, who is more enlightened on it, does. But I believe that with time, my elder brothers will invest.

All they need is to be enlightened on how it works.
As for me, I'm investing sooner.
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