Topic: How to get your Dad (or Mom) to buy Bitcoin? - page 10. (Read 1973 times)

One thing that I want said to you OP; there is no compulsion in investing in bitcoin and let's not force our parents to know or have interest in things they are not familiar with, because I believe that when a person decides to invest, he will do or find a way to do what he wants. Since you are the child, and you are the one who knows more when it comes to crypto, there is nothing wrong if you give basic knowledge about it but you don't have to explain it to them at length because in the first place you should know if they are interested or no, you can convince them in the way you know, but what you will do is risky, especially since your parents' money will be involved in this, so you should really prepare so that you don't disappoint them in case your plan doesn't work out.

I find it a practically impossible mission to convince my parents (who are already old) to buy bitcoin, they barely know how to use a computer efficiently, bitcoin technology for them will be like an alien... unfortunately this is the reality for many of us... . perhaps younger people who have younger parents can convince more easily.

OP you may have made some great point in your thread but why I could not go all through it because It is being too lengthy, I would only drop you few lines that.... Don't trick or force anyone in manipulating their minds to invest in Bitcoin unless you are ready to be answerable at all costs towards their sentimental emotions as it is certain that Bitcoin is a volatile crypto currency.

On a mere discussion about Bitcoin raised by a reputable person definitely a Bitcoin enthusiastic, whoever that has interest to invest in it will definitely be identified without those strategies like you are marketing a product which of course Bitcoin does not demand.

Sorry, your article is so long that I'm lazy to read it, but I want to ask you, what is the purpose of you wanting your parents to invest in bitcoin? Do you want them to have a better life or do you want them to invest in bitcoin for you because you cannot afford to invest in bitcoin? I have seen many young people convince or even force their parents to invest in bitcoin just because they want to become rich through their parents' money. They are lazy people who refuse to work and save to create their own investments. Instead, they think they understand enough about bitcoin and want their parents to use their life savings to invest in bitcoin to satisfy their passion. That action turned them into an ungrateful child.

If you want to be good for your parents, I think let them enjoy the rest of their lives in their own way. Our parents have worked hard all their lives to raise us and now what they need is to rest and enjoy life, not the headache of making more money. If you truly love your parents, invest in bitcoin and use the money you earn to provide them with everything they need.

Nowadays there have been many changes in technology. So there are many parents who are not familiar with this technology. When parents try to explain a currency like Bitcoin, they may not take it into account. Most of the parents are used to keeping their money in bank or insurance they will never want to keep their wealth in Bitcoin. But I think if one can be successful in investing in bitcoins personally then maybe one can convince one's parents to invest in bitcoins.

This is a totally fair argument. The point is, I am concerned about some degree of system collapse over the next decade or two (I do not know, depends on each case, but maybe they do not live that long), and help them understand bitcoin so they can "earn" their way out, that would be quite satisfying. Of course I could do that for them, but I think that learning it on your own is a better choice.

I would have to simplify that technical part, I have written the pitch as a guideline, but of course it has to be simplified in some situations.

With regards to the picture you sent, in that case, "luckily", in some of those countries, either the fiat currency has been so devaluated, that there is no need to show the difference against bitcoin, as it is obvious. Or... bitcoin is simply a way to "bank" yourself, as it is not easy to access a bank account in those regions (also to send and receive bitcoin overseas)

Thank you both, I think this is a really good point, and one of the things that have more impact, showing evidence. Also, along with the whole pitch, I was thinking about gifting bitcoin as well, that is another good start

Your guide may work for your parents but it cannot be used generally for people in that age range. There’s some points to consider like how tech savvy are your parents; are they computer literate? If they are not, then they cannot possibly understand the concept of nodes, hash rates or other technical details of Bitcoin.

People from developing countries where a formal education does not go so far back the family tree have to teach bitcoins to elders like they are teaching a toddler. How do you talk to the people in these images about technical discussions about Bitcoin?

Has Dr. Frankenstein perfected the process he used to make the Frankenstein Monster? If he hasn't, I'm not even going to try it on my Dad or Mom, just to introduce them to Bitcoin.

I mean, without a guarantee of success, I wouldn't even be able to convince the authorities that they should let me dig them up.

A lot of people's parents who were cremated wouldn't have any hope whatsoever of convincing their Dad or Mom. Think of trying to track down their every atom that was burned, and then scattered over the ocean. Of course, those in a urn would be a little easier.

You are right the way the OP has structured the post here is not worth reading carefully. If the post is not shortened then I think no one will be able to read this post carefully. I myself could not bring myself to focus when I entered after reading the topic. Because it will not be possible for me to read such a big post carefully. So I would also suggest the OP to make the post more short so that everyone would be interested to read and give proper knowledge.

You've made a very good point here, when there's no evidence that the asset you're trying to convince people to invest in is not bringing you profits, that's if you can't show them a proof then your opinion would be pointless cause sometimes parents don't need too much advice from their kids concerning making investments but when you show them prove you're making profits from it, give the benefit of doubt that the invest won't go wrong with tangible reasons then the deal is done. I also want to say that the level of understanding or education matters too, if one's parents are not well educated or understand modern things very properly then it would be very tough to convince such parents, since a good number of them already feel it's a scam or ponzi scheme.

I feel like I'm reading a whitepaper when I first learnt about bitcoin back in the day ,

Bitcoin does have advantages over other assets, among which are easy to carry, read fundamentals and witness with price evidence from history to date, but for parents and the uninitiated there will be doubts if using a softwhare wallet because it does not have a physical that can be stored or carried for a suggestion that the asset is real. although the function is the same, as the times develop, there are now various variants of harwhare wallets that can be purchased in the marketplace. When education about bitcoin has begun to grow, especially in terms of news if many are wealthy from storing bitcoin, of course the business spirit of parents will try it because even the smallest bitcoin investment can bring trust as long as they want to try. the problem is that there are too many fuds who think all are the same from vulnerability, but I don't think everyone is waiting for bitcoin. it is very easy to convince people, especially media such as Instagram, TikTok etc. now there is a lot of content that contains crypto curency, even if it is only for the sake of personal branding someone

It's not stressful but a little bit complicate when there's no evidence, show working is necessary. Persuading them to buy bitcoin ought to be very easy on our ends. We just need evidence and huge figures generated from the investment in bitcoin. For instance, showing your dad a car from the massive profits made from bitcoin, or even as far as getting a luxury home for yourself and dad knows you're extremely doing well, ofcourse he won't generate any doubt as he will hurrying concord to your suggestion of buying bitcoin.

Me?
So sorry, but I think that I will never make it. Because I really understand my parents' condition so far. So it is very unlikely that they will invest in Bitcoin. yeah, no problem. Let them enjoy their old age more comfortably and calmly without thinking about Bitcoin assets with all their fluctuations. What they do is just to breathe in the fresh air of the village and carry out daily activities that they like. Yes, that's their wish and I really appreciate it.

However, I don't want to generalize all old rooms like that, because their conditions are definitely different. If you want to convince your parents to invest in Bitcoin, make sure you understand the conditions and financial readiness of your parents. Both your mom and dad will usually tend to follow their child's wishes, even though they are sometimes quite at odds with what they really want. For this reason, we also encourage them to get to know Bitcoin in order to invest in it. unless they are very close to technology and are no strangers to Bitcoin. Then they also understand what Bitcoin is like, its fluctuations and various things related to risks. Parents will usually be very careful about the risks they take, so make sure you have a very strong reason, which is not in the form of promises that are too high or too sweet.

Your explanation is very lengthy how can you give a newbie this Long explanation, well I don't like forcing someone to go into something that he don't even intend to do in the first place, except you seek for help from me, the reason why I always avoid that is because in terms of making investment risk is always involve so I don't want a situation whereby someone will keep blaming me for his Lost, because not everyone that can bare the risk. However I think investment is all about choice, if you are willing to bare the risk alone, because not everyone that is ready to go into crypto investment, That is why we don't need to force anyone into crypto investment.

LOL... This was not how Op convinced his parents to buy bitcoin. He is just teaching us now to convince our own parents his way. If I am a parent and you bring this to my table, I'll definitely bounce it. This is the reason why older people always complain that bitcoin is too tedious and technical to understand. It all depends on the premise it was introduced to them.

Meanwhile, I know of a friend who doesn't find it difficult to convince his parents (especially the dad to invest. She did it to his dad more than twice and it ended that the project was a scam and her dad lost money. Yet, her dad still believe for other financial advces.

One simple thing that many lack is the way to make use of summary initiative and concluded on a thing than wasting time explaining what could have been easily summarized, if you're interested in teaching or inviting your parent to bitcoin, then start from somewhere within your own little effort in explaining to them what you have understand about bitcoin, refer them to the forum and guide them through as well, it may take a little more time and efforts to achieve all these, but you will succeeded in doing what you targeted on.

Older people are more focused on physical investment instead of digital investment so the parents will not easily give you money to put it into Bitcoin and also will not allow you to use your own money for such a purpose. Actually they believe that the things which we cannot see are not worthy and they cannot reach the Bitcoin source so they think that is not a good way of investment.

It is important to be noted to ask your parents about anything that you are investing in and if your parents do not allow you then don't do that because their knowledge is more than ours. If you still want to make Bitcoin investment then first convince your parents and then start investing.

Don't force them to invest in something they don't know about, if you want them to invest them teach them about it.
Your pitch is perfect, explaining about Bitcoin stuff and all.
For me I don't really mind if they invest or not it is their money after all they could do what they want with it, and same goes to me.
We could only give them idea on where to invest their money, but we couldn't force them to invest it even if we believe on it.