Just as important as investing in bitcoin one should have a fair understanding of bitcoin and be careful. All parents like to make sound decisions about what to do when the market goes bad, investments fail business goes bad. That's why you have to know about the risks first and make sure and then take the right decision. Don't give money unless parents and cousins are sure to give money.
My parents know about me from long time but they never hold me accountable for my work. My father is an expatriate and from his monthly remittance I invest a fixed portion in Bitcoin every month. Even though my mother knows this but she never asks me anything about it as my mother is not educated enough. But my parents support me in my work. That's why I don't do any work without the support of my parents. But I have invested in Bitcoin with my parents' consent, in this case my parents will not blame me in this matter even if there is loss instead of profit in future. 
Topic: How to get your Dad (or Mom) to buy Bitcoin? - page 3. (Read 2009 times)
As per my parent's decision I invest in Bitcoin but currently Bitcoin has moved to dumping position so my investment has suffered a lot of losses. Less educated and less informed parents are currently upset about my investment. But I am trying to convince my parents that every investment has risk and long term holding will definitely result in loss recovery.
A conscious person should know that where there is no risk there is no opportunity and should not hesitate to invest properly following it. So if your parents inspired you to invest in Bitcoin then I believe they will not be disappointed or resentful of your investment and current price. Because the value of Bitcoin is increasing again. 
Never read the OP because of that very long teeext, and just understanding the replies and the title lol. In any way of explanation snd encouranging to my parents, i don't think they will still be interested in such things, they will probably tell me to do it on my own instead. They are even hard to gasp the technology behind smartphones how much more on bitcoin, a magic money.
My both parents are way above the age of understanding modern technology and for that introducing them to a young age tech like Bitcoin is quiet almost an impossible task and for that one need to understand the generation of the parents before engaging on some discussions such as topics related to modern technology.Although if you have a parent that are educated and have knowledge and interest on technology, they will always show interest to get engaged with modern day demands which could prompt one into talking them into holding a few Bitcoin as a reserve asset.
There are already millions of articles that explains everything that anyone wants to learn about Bitcoin, although there are still people that would need guidance to be able to navigate the crypto currency space. I have a friend that I am helping to do so right now. One thing you have to know is that it is not something you have to force anyone into, just do your thing and focus on yourself, just let them know once in a while and of they seem to have developed interest and would need your guidance, then you can guide them.
As per my parent's decision I invest in Bitcoin but currently Bitcoin has moved to dumping position so my investment has suffered a lot of losses. Less educated and less informed parents are currently upset about my investment. But I am trying to convince my parents that every investment has risk and long term holding will definitely result in loss recovery.
They will be upset when they see the price of BTC goes down just after that they have bought.But as you have said, less informed will be scared of the situation and if you are not one of them.
You will teach your parents that at the time like this, it is the best time to buy when the markets are falling down.
However, if they have given their parents an understanding and do not choose to invest in Bitcoin, it would be better for them not to force their parents to invest because of course they have their own reasons or they have felt comfortable with what they have invested in since they were young.
On the moment that you would really be trying out to explain something to them about Bitcoin then you would really be needing up that proper introduction on what it is.
Just make it sure that you wont really be giving out any guarantees about sure income or profits because this is where you would really be facing up those problems.
As per my parent's decision I invest in Bitcoin but currently Bitcoin has moved to dumping position so my investment has suffered a lot of losses. Less educated and less informed parents are currently upset about my investment. But I am trying to convince my parents that every investment has risk and long term holding will definitely result in loss recovery.
They will be upset when they see the price of BTC goes down just after that they have bought.But as you have said, less informed will be scared of the situation and if you are not one of them.
You will teach your parents that at the time like this, it is the best time to buy when the markets are falling down.
However, if they have given their parents an understanding and do not choose to invest in Bitcoin, it would be better for them not to force their parents to invest because of course they have their own reasons or they have felt comfortable with what they have invested in since they were young.
As per my parent's decision I invest in Bitcoin but currently Bitcoin has moved to dumping position so my investment has suffered a lot of losses. Less educated and less informed parents are currently upset about my investment. But I am trying to convince my parents that every investment has risk and long term holding will definitely result in loss recovery.
They will be upset when they see the price of BTC goes down just after that they have bought.But as you have said, less informed will be scared of the situation and if you are not one of them.
You will teach your parents that at the time like this, it is the best time to buy when the markets are falling down.
Never read the OP because of that very long teeext, and just understanding the replies and the title lol. In any way of explanation snd encouranging to my parents, i don't think they will still be interested in such things, they will probably tell me to do it on my own instead. They are even hard to gasp the technology behind smartphones how much more on bitcoin, a magic money.
That's the case with most parents who haven't been much into technology or have worked in a field where they would be using technological equipment much because technical knowledge is important for someone to know and understand things such as cryptocurrencies. Some might argue that a person without a technological background might understand them very well but I wouldn't agree much, they might understand but they wouldn't be able to understand it as clearly as someone having a general interest in technology would.
So things like these where you invite your parents to join a project or make some investment in a cryptocurrency would only work if your parents are a bit modern and they have a know-how about things that are used for these things, especially electronic devices.
Good for the effort but if you check those long thread and you will explain to your parents do you think they will understand?, tons of jargon words have been used I guess if you want to encourage them you must need to teach those things in an easiest way that they can understand like you are having a story tell to a kid that they can relate. Also open up the possible risk so by this you can give them an awareness for losing their money and gaining profits. You introduce to them you are responsible with that money you know how they give all of their hard work to gain that money.
Even if you explain to them the easiest way, the fact that bitcoin is so much volatile, then I doubt if they will end up investing in bitcoin. Parents do not think like Gen Zs, in fact they always want the traditional way of investment rather than those digital means, so it’s really hard to perceive these old adults to embrace and trust bitcoin like we do. Except for some parents who are highly exposed with new innovations, maybe they can be easily convinced to invest into bitcoin, but always tell them that bitcoin price is always unpredictable which means they have to invest with high patience. 
How do you want your mom and dad to understand all these wall of text that you wrote. It will be boring to them and that alone can discourage anyone from listening to you the second time. You must not convince or force anyone to buy bitcoin, so that you will not be held responsible for their actions, when the price of bitcoin goes south or if anything happen to their bitcoin investment.
Just tell whoever that you want to introduce to bitcoin, the basic concept of bitcoin that it is worth investing in bitcoin as an investment for a long time or to use it as their savings because it is an hedge against inflation, instead of keeping their savings in banks that will depreciate overtime. They should also use the amount of money that they can afford to lose. Whoever is interested will make research and come back to you showing interest, then you can throw more light on bitcoin the second time.
You have given good advices especially the way the OP described it here is good but a reader will find it annoying. He would not want anything from such a thread. If someone needs to be convinced about Bitcoin, then simply explaining it without making it so big will increase its acceptance. If the OP wanted to let his parents know about Bitcoin, that's certainly commendable. Because Bitcoin can be more valuable than any major asset in the long run. Those who don't know will regret it someday. But of course they can be encouraged to invest in Bitcoin by convincing them but they should never be forced. Because the price of Bitcoin fluctuates widely, if the Bitcoin price falls after the investment, the parents may be more concerned about who will take the responsibility. When an investor gets a good idea about Bitcoin he will never blame others. Just tell whoever that you want to introduce to bitcoin, the basic concept of bitcoin that it is worth investing in bitcoin as an investment for a long time or to use it as their savings because it is an hedge against inflation, instead of keeping their savings in banks that will depreciate overtime. They should also use the amount of money that they can afford to lose. Whoever is interested will make research and come back to you showing interest, then you can throw more light on bitcoin the second time.
As per my parent's decision I invest in Bitcoin but currently Bitcoin has moved to dumping position so my investment has suffered a lot of losses. Less educated and less informed parents are currently upset about my investment. But I am trying to convince my parents that every investment has risk and long term holding will definitely result in loss recovery.
To encourage parents to buy Bitcoin, simplify its concept, address misconceptions, emphasize its transformative potential, and respect their autonomy in financial decisions.
Never read the OP because of that very long teeext, and just understanding the replies and the title lol. In any way of explanation snd encouranging to my parents, i don't think they will still be interested in such things, they will probably tell me to do it on my own instead. They are even hard to gasp the technology behind smartphones how much more on bitcoin, a magic money.
Good for the effort but if you check those long thread and you will explain to your parents do you think they will understand?, tons of jargon words have been used I guess if you want to encourage them you must need to teach those things in an easiest way that they can understand like you are having a story tell to a kid that they can relate. Also open up the possible risk so by this you can give them an awareness for losing their money and gaining profits. You introduce to them you are responsible with that money you know how they give all of their hard work to gain that money.
Parents are more likely traditional in thinking rather than digital. Before you introduce Bitcoin to them, I'm sure a lot of questions and doubts will be raised, but maybe if you can explain to them the easiest way, they will certainly understand but that doesn't mean that they will invest. I have been in that situation where I have to convince my parents to try investing in bitcoin, but risking their retirement funds could be very hard for them and with that, I certainly understand them.Bitcoin is not for old people who's minds are deteriorating, but it's certainly for highly enthusiastic people who's willing to invest and risk their funds after they have completely understood the nature of bitcoin.
What's that longgggggg post all about? Did anyone read everything he wrote to the end?.
I've got both parents alive but I'll always choose to educate anyone that's more interested - my dad. He looks out of whatever book/documentaries that I recommend, just get an understanding of how he'd play with the market.
Edit:
For the doubt, that's for sure; in any case, I won't even bother a aged man that has no basic computer knowledge. "That's like asking me to create an oasis in the desert "
I've got both parents alive but I'll always choose to educate anyone that's more interested - my dad. He looks out of whatever book/documentaries that I recommend, just get an understanding of how he'd play with the market.
Edit:
Parents are more likely traditional in thinking rather than digital. Before you introduce Bitcoin to them, I'm sure a lot of questions and doubts will be raised[...]
For the highlighted part - that's not entirely true. Some parents have grown with the system and have introduced their children to it by themselves.For the doubt, that's for sure; in any case, I won't even bother a aged man that has no basic computer knowledge. "That's like asking me to create an oasis in the desert "
You are right, now instead of trying to orange pill my friends or relatives I have decided to gift them books I have read already, related to bitcoin. I am quite certain that they will come back next year with the bull run, asking "how to get into that bitcoin thing that everybody talks about"
Books can be good, but it's better if you ask them to use online resources because books sometimes might have outdated data and information and it is not possible for a book to get easily updated with the latest information unless a new publication enters the market where things might have changed.
If they read and research online about Bitcoin and cryptocurrencies in general, they will have the latest information about them and how the market is doing, and they can see the prices and their movements as well which might encourage them more and make them more intrigued.
Just make sure to tell them to use multiple sources for their information, and never advise them to make investment but tell them to do their own research before they make any decision.
Good for the effort but if you check those long thread and you will explain to your parents do you think they will understand?, tons of jargon words have been used I guess if you want to encourage them you must need to teach those things in an easiest way that they can understand like you are having a story tell to a kid that they can relate. Also open up the possible risk so by this you can give them an awareness for losing their money and gaining profits. You introduce to them you are responsible with that money you know how they give all of their hard work to gain that money.
It is not a necessity to get parents into bitcoin especially when we know it something that they wouldn't have interest for. Our parents are people we should be able to understand better and know what they will be interested of. No need trying influence them when we know they won't be able to focus on it by themselves without anybody trying to push them to follow it up. When I see people preaching and trying to influence people to know bitcoin to me it is as if they are being forced. You can tell people about bitcoin but do not try to convince them to invest bitcoin because they might not be ready, they might not be ready to make research to get knowledge by themselves. If maybe you succeed in trying to make one to invest bitcoin and the person never further to acquire knowledge, if anything happens along the line while investing you will be hold responsible because you only convinced them but they were not ready on their own to take this investment personal and as their responsibility.
First of all it means to inform parents about Bitcoin so that they understand that it is possible to earn good profits through Bitcoin. The reason can be said that children of any family should get support and encouragement from their father and mother while investing in Bitcoin and if financial support is available from parents then better profit can be achieved by investing in Bitcoin. And your second word has a lot of meaning. Because it is not right to give knowledge about Bitcoin to everyone who does not understand its value. Anything in life not just Bitcoin isn't fair to tell people they won't understand the value of. Because they will destroy that field. And if any accident happens there then you have to take full responsibility. So be aware in this regard. 
It is not a necessity to get parents into bitcoin especially when we know it something that they wouldn't have interest for. Our parents are people we should be able to understand better and know what they will be interested of. No need trying influence them when we know they won't be able to focus on it by themselves without anybody trying to push them to follow it up. When I see people preaching and trying to influence people to know bitcoin to me it is as if they are being forced. You can tell people about bitcoin but do not try to convince them to invest bitcoin because they might not be ready, they might not be ready to make research to get knowledge by themselves. If maybe you succeed in trying to make one to invest bitcoin and the person never further to acquire knowledge, if anything happens along the line while investing you will be hold responsible because you only convinced them but they were not ready on their own to take this investment personal and as their responsibility.
Just as important as investing in bitcoin one should have a fair understanding of bitcoin and be careful. All parents like to make sound decisions about what to do when the market goes bad, investments fail business goes bad. That's why you have to know about the risks first and make sure and then take the right decision. Don't give money unless parents and cousins are sure to give money.
Of course, it is very important for someone to first understand the investment they are going to carry out, because without a good understanding of investment it is of course difficult to be able to do the right thing with that investment and all we get is a loss on the investment we make, but by studying first regarding investment, of course this will give us knowledge about investment which will enable us to make appropriate decisions so that we can generate profits from the investments we make.Introducing investment to our family, of course this is not an easy thing, especially as parents who are used to investing in real assets, of course we have to really explain it in detail and also have to guide them if they really want to invest, but we must not force them. in investing so that it does not become a problem in relationships with family members.
Jump to: