Topic: How to get your Dad (or Mom) to buy Bitcoin? (Read 569 times)

If you were going to ask Your Parents to Spend $10,000+ You should just have them invest in a CryptoKitties Style NFT BattleCard Game (just an example) that YOU OWN.

Maybe you don't like reading? Or you do but you only lack of time. That's only what I can think of for now on why you can't go through all what he wrote. An answer of OP to those who experience a sentimental emotions after him forcing them to invest in BTC is not enough but those users can also demand him a refund for their money.

BTC is not a human like us who wants more money, this is why you said that it does not demand the same thing. IDK if you are also a BTC investor like us but if you are, then I'm sure you also want more profit to come for you, so why dislike such an idea the OP has? I don't mean that we will also do the same thing, so we are safe and we won't be guilty.

They are old enough to be involved in investing and although there are some people who may be in this investment system. If my assumption is correct, that our parents are not that close to investing and they are a little more unfamiliar with technology, then it is likely that they will find it quite difficult to understand the investment patterns that we carry out. On the other hand, it makes much more sense to lend their money to us to manage and they don't need to be directly involved in the investments we run.

They have their own way of investing money and maybe a system like the one we run doesn't suit their minds. I remember very well how my parents preferred to buy gold and land for the investments they carried out because their time was more inclined towards that. Forcing desires like we do will not necessarily make them understand and on the contrary will add to the burden on them at an age when they should spend more time relaxing.

Mine are quite old, if we are talking about some teenager who wants to convince their parents, they could just do so with their own allowance type of money, not everyone gets a certain amount of money every week, some get it whenever they ask  for it, and some get a certain amount of money per week, I think using that to do it would work better. That way, if you could show them some results, then they would be able to accept the good results and could end up doing something themselves as well.

Obviously that may not work neither, but at the very least it is a way to start, without seeing some proof, they will not do it, even after seeing proof they may not but at least you would have proof in your hands to show them how this could work as an investment.

Yes maybe it is not too late for the father to be influenced and invest in bitcoin if the son will initiate to invest together in bitcoin but the thing is I think it will not be easy because the father will be more hesistant as for a few years he has interest in bitcoin but never actually investing to it proves that the father maybe is too afraid and reluctant to investing in bitciin which is understandable, but yeah it is not bad to try, as long as bitcoin exist there's always a chance and timing to invest into it and actually earn but it will depends on how well the person understood the investment he will enter in, also it will be a good bonding for both parent and children if they have the safe interest as they can help each other, anyway it is not too late if you can try to pursuade your father I'm sure he will be interested again.

I have a story where my parents were very supportive of me investing in bitcoin in 2018 rather than investing their own money. I didn't have a steady job at the time and I really didn't have any income to invest. I tried telling my parents and asking them to lend me $500 as an initial investment budget. I was happy with their good response after I explained how I could make money by investing, and of course that was the start that kept me going until now.

I didn't convince them to invest in bitcoin even though I explained how it works. They should be able to choose investment assets based on what they believe can be safer and also profitable, even I would never protest against that. But of course, investing in bitcoin may be better than gold and I have proven it myself from 2018 until now.

Ahhh... I'm feeling sick and dezzyyyy what big stuff OP you've compiled is it your own summary about Bitcoin or just AI-generated content anyway appreciate if you did it by yourself, At the same time here are a few minor suggestions use Glow, and colors, Bold and custom size to make it better in the presentation because like this no one is gonna read it, as I haven't because I cant look for everyone read repeated content add some headings so we can scan through the page and get the desired piece of information which is only possible with the proper formatting and presentation in which you've scored 1/10 in this thread.

Make sure to follow the basics, such as Glow, Colored heading, and Custom sizes for text according to the need.

If your dad's mindset was like that then, there is a good chance that you will persuade him to invest in bitcoin because you can see his interest in that matter. if at that time you already have the ability and deep knowledge when it comes to investment, you and your dad are definitely talking about bitcoin investment. it's just sad but it's not too late, you can still help him if he wants to or you'll be the one to continue doing things he didn't do before.

I remember my dad always talking about bitcoin back in the day and how it was gonna be the next big thing. Unfortunately i guess he never actually purchased any lol he just talked about it alot. I was young still so i had no idea how to get any but i tried. I just remember signing up for crypto exchanges and being too young to buy damnit! 

Well you're right, but when I say I spend time to read books, I didn't really mean that I spend all my time reading, perhaps whenever I'm free or my specified times for reading, so I do have enough time to take care of other stuffs too.

Most definitely, like the old saying, action do really speak loud than words, sometimes you really don't need to go through the stress of preaching to people about Bitcoin and its benefits, because the results of your investment will surely so all the speaking for you, especially when the people involved are people around you, like your family or some close friends.

Talking about peaceful life, let's not forget one thing: the amount of time left to live they may have. If you're in your 20s and the economy collapses, well, of course it's not a nice situation but even if somehow you lose everything you have, you still have a lot of time to recover. If you lose your retirement funds while you're in your 70s... I don't even want to think about it, you'll have to work till the day you die. Seriously, don't overcomplicate your parents' lives.

That's right, it would be better if we didn't involve them in this because if they don't understand the investments we make well, this will certainly make them stressed and make them have to think about investments that have the risk of losing their money if they make a mistake. investing in crypto not to mention the crypto market conditions which have high volatility will of course make them anxious when they see market conditions that are difficult to predict and I agree with you not to invite them to invest in crypto and we have to give them time to enjoy the time. they will grow old happily and not have to think about this very risky investment.

Its good ideas not advice them investing in bitcoin during most of our parent lack of technology and easily got scam when investing or holding bitcoin assets in mobile phone wallet. I remember with some of parent around my environment their social media account got hack after downloading fake or phising  link, seems easily their bitcoin or altcoin assets gone behind most of them not understand yet with real or trusted site and fake link.

Most of parent actually interested with their investment in land or gold, its keep worth although the increasing price not faster such as bitcoin but don't make them get pressure when investing in bitcoin and get increasing price will get problem or scare their investment assets.
Seems good ideas waiting their assets giving to us and spend it in bitcoin depend allow or not for selling or converting from land assets to bitcoin assets.

for me it's actually quite easy to convince parents to buy bitcoin. Because in my parents' generation they preferred investing in jewelry or gold, I just have to say that Bitcoin is the digital gold that exists today. It doesn't have physical properties, but the price is much more profitable if you store it compared to storing real gold.
When it comes to purchasing mechanics, I guide them from the start on CEX until they really understand and can see clearly how much profit they will make from holding bitcoin.

Actually at some point I got confused as well because giving out time to read all these lengthy post is energy consuming so I think have to reply with the title instead of reading down the whole contents before I sleep of while reading.
At first getting involving into bitcoin depends on how transparent you are to them why because whatever that involves money comes with trust and not just only the knowledge aspect. If your parents trusted so well about money then it would cost less energy to convince them to invest but if they can't trust you with money then it would take long time to get convinced into whatever thing that concerns online investment where they need to pull out money from their personal account to send to their child account or even having to buy anything with their master credit/debit cards.

Reading isn't bad anyway but it all depends on how you programmed yourself for that particular book you wanna read, let say you can't have things to meet up and expect to finished a whole lot of books without you doing other things just like what op did put down there. Usually it's sucking to see that what he could had just summarized with few words he littered the place with text just explaining how to let our mother and father invest in bitcoin. In fact they no explanation just live by example by showing them you cashed out big time from bitcoin and just tell them how long their investment needs to stay before they could harvest that all, after few moment they would call you to come take and put for them without much hassle.

It's better to not get them involved in such kinds of investments not because we don't want them to succeed but rather because we want a peaceful life with them, we are making our own money anyway and that's enough reason for us to keep the responsibility to ourselves without making them involve in such harsh environment of the crypto market where they need to deal with the volatility and stress themselves every time they see the crypto market not in a good condition. Let's just do the jobs ourselves, and lessen their worry since they are getting old, we want no stressful things for them.

I don't have lured my parents yet but i did with mybrother and cousin that is they are
now into crypto investment and specifically bitcoin.but my mom is showing interest now that
she keeps asking me how much is the value of bitcoin now and yesterday so maybe in a week
of two? she will finally invest in bitcoin.

Maybe it won't even happen, my father is over 62 years old while my mother is over 56 years old they have no expertise in technology, using their smartphones is quite difficult. So I thought I would never advise or teach them to buy Bitcoin. Right now I hope they stay alive in good health. But I also think maybe other people who have a better life and they understand technology is natural to invite to buy. If that happens to me then I will give you real evidence of bitcoin's history to date. At least it will make them understand that bitcoin's volatility is quite dangerous but its value is quite profitable to invest.

You pointed out one of the advantages that a bitcoin ETF gives us, and I also support ETFs because it makes it easier for people to access bitcoin, especially older people like our parents. To be honest, getting into bitcoin is not as easy as many people say, it may be easy for us but for some people it is really a big barrier. Many people are not even confident in using centralized exchanges after being informed about the risks involved, let alone using non-custodial wallets because they are much more complicated. But with the bitcoin ETF, things get a little easier. If someone intends to introduce bitcoin to their parents, we should introduce a more suitable bitcoin ETF.

That's absolutely correct...
The subject has a very major role to play in attracting the attention of readers, let's take this thread for instance, not everyone is interested in convincing their Dads or Moms to invest in Bitcoin, so the subject isn't a catchy one. Mind you, I'm not saying that the topic or thread isn't worth reading, I'm just saying that it's not intriguing enough to catch the attention of readers to want to read through every little thing there.

I do enjoy reading books a lot and I can spend months reading just one book, but what builds my interest the most is the title of the books, that's what invites my interest to read, and if I eventually find it interesting, I'd read the whole thing, no matter how long it takes me.