Topic: How to get your Dad (or Mom) to buy Bitcoin? - page 4. (Read 2007 times)
good effort to open your parents' minds to move forward. Maybe your effort is to introduce bitcoin to them but where I live it is very difficult to introduce bitcoin to parents because bitcoin for them is fictitious, there are no items that can be held. Where I live, parents tend to invest in gold and land.
Well allot is in your text but you don't convince a novies with too many words but few words as they are willing to here just a word if truly they give you attention, many parents or whoever one wants to introduce to Bitcoin may not pay attention to this long article or text you has written starting with such long text can easily secare who would have show interest, roman empire is not built in a day it's gradually process you tell them gradually not by pouring the whole thing just as the written text appeared here.
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"
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.
Cousins? To be honest, I don't think it's a great idea to let anyone know about your investments or make financial suggestions or recommendations because we live in a time where you won't get appreciated for the good you do but you will be discriminated for the bad that you didn't even intend to do. What I mean is that if you suggest cryptocurrencies to someone who doesn't have any idea about them and if they go ahead and make an investment only after you tell them, you will need to face the consequences in case they lose their money.
If they buy a cryptocurrency that isn't good because they don't know how to do research or anything, and then when the price of that coin drops or if the project fails, they will blame you for their loss. So it's better that you don't do such things and only keep these things within the family if you know your family members understand you well.
Does that mean you would lie to your parents in any way to get their money to invest in bitcoin? I can say this is the worst idea ever. Why don't you go to work, make your own money and invest in bitcoin, instead of lying and taking your parents' money to invest in bitcoin? And if you do this, you're trying to tell your parents that bitcoin is a scam.
If they are already not interested in investing in it then why are you trying to persuade or try to deceive them? If they don't want to invest in bitcoin then leave them alone and don't bother them. In our forum, there are many young people who are still going to school and receiving benefits from their families, without a stable income, I hope they won't take your advice to get money invested in bitcoin.
I don't think bad ideas when recommending our parent for investing in bitcoin than hold their money in the Bank only without increasing yet but get inflation values in the future, ...If they are already not interested in investing in it then why are you trying to persuade or try to deceive them? If they don't want to invest in bitcoin then leave them alone and don't bother them. In our forum, there are many young people who are still going to school and receiving benefits from their families, without a stable income, I hope they won't take your advice to get money invested in bitcoin.
It's their money, they have enough life experience and I believe they are aware of what they are doing so I will respect their decision. They are the people who spent their youth raising me and I believe they are wise enough to know what is good for them. As for me, I can't even take care of them, so I believe I'm not qualified to teach them how to spend money. Moreover, my parents are old, what they need now is to rest, enjoy their old age and do the things they like, not spend their last days working hard to earn money to give me money.
I'm not ungrateful enough to force them to invest in an asset class they don't like, one that will give them sleepless nights or even land them in the hospital when they can't stand the volatility of bitcoin. If you feel that taking money from your parents or advising them to invest in bitcoin is good for them, do it with your parents.
Briefly let us clarify the matter with an example, one of my cousins wanted to do import export business and explained to the family. However as his family members were engaged in agriculture they did not give consent as they did not understand his son's import-export business. Later he started the business with some loans and five years after starting the business he was able to buy a house and a car. If his parents had first realized that their son would be successful they would have supported him by giving money at the beginning of the business.
In investing or doing business everything has risk and in your cousin's case. If at that time he was supported and given money by his parents to do business but the business failed, what would happen next? I guess his parents thought about that scenario and they decided against it. If it were me, I would do the same thing as his parents.
And I applaud your cousin because he does not depend on his parents, does not let anyone stop him from realizing his dream. People with such strong will, even when fail, they will find a way to stand up and continue. His parents made the right decision not to give him money and they created a successful businessman with his own will, not a businessman who only relies on others.
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.
Does that mean you would lie to your parents in any way to get their money to invest in bitcoin? I can say this is the worst idea ever. Why don't you go to work, make your own money and invest in bitcoin, instead of lying and taking your parents' money to invest in bitcoin? And if you do this, you're trying to tell your parents that bitcoin is a scam.
If they are already not interested in investing in it then why are you trying to persuade or try to deceive them? If they don't want to invest in bitcoin then leave them alone and don't bother them. In our forum, there are many young people who are still going to school and receiving benefits from their families, without a stable income, I hope they won't take your advice to get money invested in bitcoin.
I don't think bad ideas when recommending our parent for investing in bitcoin than hold their money in the Bank only without increasing yet but get inflation values in the future, ...If they are already not interested in investing in it then why are you trying to persuade or try to deceive them? If they don't want to invest in bitcoin then leave them alone and don't bother them. In our forum, there are many young people who are still going to school and receiving benefits from their families, without a stable income, I hope they won't take your advice to get money invested in bitcoin.
It's their money, they have enough life experience and I believe they are aware of what they are doing so I will respect their decision. They are the people who spent their youth raising me and I believe they are wise enough to know what is good for them. As for me, I can't even take care of them, so I believe I'm not qualified to teach them how to spend money. Moreover, my parents are old, what they need now is to rest, enjoy their old age and do the things they like, not spend their last days working hard to earn money to give me money.
I'm not ungrateful enough to force them to invest in an asset class they don't like, one that will give them sleepless nights or even land them in the hospital when they can't stand the volatility of bitcoin. If you feel that taking money from your parents or advising them to invest in bitcoin is good for them, do it with your parents.
Briefly let us clarify the matter with an example, one of my cousins wanted to do import export business and explained to the family. However as his family members were engaged in agriculture they did not give consent as they did not understand his son's import-export business. Later he started the business with some loans and five years after starting the business he was able to buy a house and a car. If his parents had first realized that their son would be successful they would have supported him by giving money at the beginning of the business.
In investing or doing business everything has risk and in your cousin's case. If at that time he was supported and given money by his parents to do business but the business failed, what would happen next? I guess his parents thought about that scenario and they decided against it. If it were me, I would do the same thing as his parents.
And I applaud your cousin because he does not depend on his parents, does not let anyone stop him from realizing his dream. People with such strong will, even when fail, they will find a way to stand up and continue. His parents made the right decision not to give him money and they created a successful businessman with his own will, not a businessman who only relies on others.
That was a super long one. To me the easiest way to get my mom and dad to buy Bitcoin is by simply asking them to send me money for something and then use the money to buy Bitcoin and yet tell them that’s what I did. It will save you many stress of explanation. Most of them wouldn’t have interest because they are stuck know it used to be.
Typo Edit
Hmm, I didn't agree with your opinion because because Bitcoin is a volatile asset and by investing money in it, you can make profit as well as loss. Thus, if you take money from your parents and invest in Bitcoin, what will you do to your parents if you lose? On the other hand, your parents will also see Bitcoin as a ponzi scheme, although the reality is not like that. Typo Edit
So I think permission should be taken from parents. Because he has money, if they give permission, then fine, otherwise, I don't agree with this stance, and if possible, convince him to say that Bitcoin is a good investment asset, by investing in it, high margin profit can be organized blah blah. In addition to these opinions of mine that I have stated, everyone else has their own opinion on how they treat parents.
I think this would be the last reply on this. You may want to read my previous replies to others. However, I’ll tell you that you may want to look again at what I said. I’m not saying ask them for money for investment. And it doesn’t have to be a huge amount. It can be a miniature amount and they would give it to you (depending on what kind of parents) and at that point, you invest it and tell them that this is what went on. They already gave you the money and you letting them know it was for an investment for them makes it make sense because you’re not being greedy but being thoughtful. It’s not a good or bad idea actually, it depends on who’s applying it.
That was a super long one. To me the easiest way to get my mom and dad to buy Bitcoin is by simply asking them to send me money for something and then use the money to buy Bitcoin and yet tell them that’s what I did. It will save you many stress of explanation. Most of them wouldn’t have interest because they are stuck know it used to be.
Typo Edit
Hmm, I didn't agree with your opinion because because Bitcoin is a volatile asset and by investing money in it, you can make profit as well as loss. Thus, if you take money from your parents and invest in Bitcoin, what will you do to your parents if you lose? On the other hand, your parents will also see Bitcoin as a ponzi scheme, although the reality is not like that. Typo Edit
So I think permission should be taken from parents. Because he has money, if they give permission, then fine, otherwise, I don't agree with this stance, and if possible, convince him to say that Bitcoin is a good investment asset, by investing in it, high margin profit can be organized blah blah. In addition to these opinions of mine that I have stated, everyone else has their own opinion on how they treat parents.
If you have a well-off parents, maybe you can apply that kind of strategy. But for some of us here who are struggling to provide financial assistance to support our parents, that won’t be applicable at all. Instead of making them invest into bitcoin, I think the best idea is just to support them with all that you made from your bitcoin investment. Parents don’t need to earn a living anymore for themselves as they need to enjoy their remaining years, so it’s our obligation as children to provide for them, thus we should be the one making maximum investment with bitcoin.
If your parents are young then you can make them understand about Bitcoin investment but if your parents are older then they will trust only in physical jobs but they will not be ready to invest in Bitcoin. I think if children have their own money then they should help their parents with Bitcoin Investment instead of forcing them to utilise their own money for investment in bitcoin.
Parents work for us for the whole of their life so it is our responsibility to help them with our own efforts when we become able to do so. There are some people who totally depend on their parents and never learn to manage their finances by themselves and do not work to earn money so later in life they must face difficulties because they are unable to work.
Well allot is in your text but you don't convince a novies with too many words but few words as they are willing to here just a word if truly they give you attention, many parents or whoever one wants to introduce to Bitcoin may not pay attention to this long article or text you has written starting with such long text can easily secare who would have show interest, roman empire is not built in a day it's gradually process you tell them gradually not by pouring the whole thing just as the written text appeared here.
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Those are the main points I have used over time to "orange-pill" my friends and relatives, we can discuss if you find them useful, or if you have any other ones.
I have compiled them, and created a free PDF so I can gift it to my friends, I have called it "How to get you to understand Bitcoin in less than 1 hour"
I'm not really sure anyone will easily understand the contents of the text you wrote in less than an hour because currently reading is one of the most boring jobs. Teaching bitcoin to anyone is not our responsibility, but if we feel it needs to be taught then do it in a way that is more concise and easier for them to understand. These steps can be taken by people understanding the risks, storing bitcoins and how to invest correctly so that when people want to invest they don't make mistakes that result in losing money.I have compiled them, and created a free PDF so I can gift it to my friends, I have called it "How to get you to understand Bitcoin in less than 1 hour"
Everyone has their own views when it comes to investing and if their lives are not used to technology then it will be much more difficult to introduce bitcoin. For example, our parents and their previous lives did not really understand technology so bitcoin would be considered the newest investment which was quite risky and they would not easily believe what we explained because in their time bitcoin did not exist yet.
That was a super long one. To me the easiest way to get my mom and dad to buy Bitcoin is by simply asking them to send me money for something and then use the money to buy Bitcoin and yet tell them that’s what I did. It will save you many stress of explanation. Most of them wouldn’t have interest because they are stuck know it used to be.
Typo Edit
In my opinion, this is best avoided. Because this is the same as lying to your parents by arranging their finances to invest in Bitcoin. It's true that investing in Bitcoin is good, but the way you do it is wrong, like pushing yourself too hard without your parents knowing what Bitcoin investment is like, what the system is like. The risk is that if they don't know about Bitcoin, at any time they need money when the market price is down. How to explain it to parents? Don't we know invest in Bitcoin with cold hard cash?Typo Edit
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I did say borrow money from them, and I have already emphasized how this is dependent on the parent you have. Because not all parents are the same. I can easily get some money from my own parents without telling the cause. So it’s also smart if one can gradually or even instantly get money from them to invest. And to show it’s not theft, you tell them what you did. Depending on the parent, they will see you as thoughtful. Would your parent act different? Replying No would make sense as to why you see it as a bad idea.
That was a super long one. To me the easiest way to get my mom and dad to buy Bitcoin is by simply asking them to send me money for something and then use the money to buy Bitcoin and yet tell them that’s what I did. It will save you many stress of explanation. Most of them wouldn’t have interest because they are stuck know it used to be.
Typo Edit
If you have a well-off parents, maybe you can apply that kind of strategy. But for some of us here who are struggling to provide financial assistance to support our parents, that won’t be applicable at all. Instead of making them invest into bitcoin, I think the best idea is just to support them with all that you made from your bitcoin investment. Parents don’t need to earn a living anymore for themselves as they need to enjoy their remaining years, so it’s our obligation as children to provide for them, thus we should be the one making maximum investment with bitcoin. Typo Edit
That was a super long one. Time the easiest way to get my mom and dad to buy Bitcoin is by simply asking them to send me money for something and then use the money to buy Bitcoin and yet tell them that’s what I did. It will save you many stress of explanation. Most of them wouldn’t have interest because they are stuck know it used to be.
LOL, that's a great way. Well, the best way is also to ask them for money to invest, and we use it to invest in bitcoin. Even if you use the DCA method, it doesn't matter. When you have enough bitcoins from your parents' investments, you can buy them a house. However, not all parents are suitable and understand the Bitcoin system. The best way is for them to give us money and support for it.
That was a super long one. To me the easiest way to get my mom and dad to buy Bitcoin is by simply asking them to send me money for something and then use the money to buy Bitcoin and yet tell them that’s what I did. It will save you many stress of explanation. Most of them wouldn’t have interest because they are stuck know it used to be.
Typo Edit
Well, that could be a good idea as well. However, I think getting them into bitcoin without good education is not proper at all. And to think that they’re less interested with bitcoin due to its high volatility, I don’t think I can still convinced them to invest in bitcoin, except if I will be using my own funds and buy them some bitcoin. I’m sure they’ll have no choice but to learn bitcoin as well in order to manage their investment well as it might only go into waste if they will ignore and won’t be responsible on growing their investment instead. Typo Edit
That was a super long one. To me the easiest way to get my mom and dad to buy Bitcoin is by simply asking them to send me money for something and then use the money to buy Bitcoin and yet tell them that’s what I did. It will save you many stress of explanation. Most of them wouldn’t have interest because they are stuck know it used to be.
Typo Edit
In my opinion, this is best avoided. Because this is the same as lying to your parents by arranging their finances to invest in Bitcoin. It's true that investing in Bitcoin is good, but the way you do it is wrong, like pushing yourself too hard without your parents knowing what Bitcoin investment is like, what the system is like. The risk is that if they don't know about Bitcoin, at any time they need money when the market price is down. How to explain it to parents? Don't we know invest in Bitcoin with cold hard cash?Typo Edit
Don't be too pushy, we should educate them first about Bitcoin, if they understand and let you manage it, that's better. because at least they know the Bitcoin working system. However, most parents prefer to invest in real objects such as gold, property and land. Only a few parents understand that Bitcoin investment is more profitable than other investments.
That was a super long one. Time the easiest way to get my mom and dad to buy Bitcoin is by simply asking them to send me money for something and then use the money to buy Bitcoin and yet tell them that’s what I did. It will save you many stress of explanation. Most of them wouldn’t have interest because they are stuck know it used to be.
LOL, that's a great way. Well, the best way is also to ask them for money to invest, and we use it to invest in bitcoin. Even if you use the DCA method, it doesn't matter. When you have enough bitcoins from your parents' investments, you can buy them a house. However, not all parents are suitable and understand the Bitcoin system. The best way is for them to give us money and support for it.1. Open mindedness
2. Knowledge about online things
3. Knows the latest
4. Do knows how to listen into their kids
5. Welcomes new ideas
As their child then you do know on what kind of parents you do have. There are ones who are really that easily scolding their child at the moment that they are explaining something that they dont know
but if you do have that kind of parents which do really listens on what you are really that explaining about those things including crypto then it wont really be that much of a problem if
you would really be tending to share up about on buying Bitcoin but if your parents are really that not liking those ideas and considering that online stuffs are scams
then there's nothing that you could do about it.
Does that mean you would lie to your parents in any way to get their money to invest in bitcoin? I can say this is the worst idea ever. Why don't you go to work, make your own money and invest in bitcoin, instead of lying and taking your parents' money to invest in bitcoin? And if you do this, you're trying to tell your parents that bitcoin is a scam.
If they are already not interested in investing in it then why are you trying to persuade or try to deceive them? If they don't want to invest in bitcoin then leave them alone and don't bother them. In our forum, there are many young people who are still going to school and receiving benefits from their families, without a stable income, I hope they won't take your advice to get money invested in bitcoin.
I don't think bad ideas when recommending our parent for investing in bitcoin than hold their money in the Bank only without increasing yet but get inflation values in the future, ...If they are already not interested in investing in it then why are you trying to persuade or try to deceive them? If they don't want to invest in bitcoin then leave them alone and don't bother them. In our forum, there are many young people who are still going to school and receiving benefits from their families, without a stable income, I hope they won't take your advice to get money invested in bitcoin.
It's their money, they have enough life experience and I believe they are aware of what they are doing so I will respect their decision. They are the people who spent their youth raising me and I believe they are wise enough to know what is good for them. As for me, I can't even take care of them, so I believe I'm not qualified to teach them how to spend money. Moreover, my parents are old, what they need now is to rest, enjoy their old age and do the things they like, not spend their last days working hard to earn money to give me money.
I'm not ungrateful enough to force them to invest in an asset class they don't like, one that will give them sleepless nights or even land them in the hospital when they can't stand the volatility of bitcoin. If you feel that taking money from your parents or advising them to invest in bitcoin is good for them, do it with your parents.
Briefly let us clarify the matter with an example, one of my cousins wanted to do import export business and explained to the family. However as his family members were engaged in agriculture they did not give consent as they did not understand his son's import-export business. Later he started the business with some loans and five years after starting the business he was able to buy a house and a car. If his parents had first realized that their son would be successful they would have supported him by giving money at the beginning of the business.
That was a super long one. Time the easiest way to get my mom and dad to buy Bitcoin is by simply asking them to send me money for something and then use the money to buy Bitcoin and yet tell them that’s what I did. It will save you many stress of explanation. Most of them wouldn’t have interest because they are stuck know it used to be.
LOL, that's a great way. Well, the best way is also to ask them for money to invest, and we use it to invest in bitcoin. Even if you use the DCA method, it doesn't matter. When you have enough bitcoins from your parents' investments, you can buy them a house. However, not all parents are suitable and understand the Bitcoin system. The best way is for them to give us money and support for it.Right! Because not all parents would understand that is why I said it. Even gradually asking them little by little and you DCA with it is a great idea. We all know our parents better than anyone and I'd say we should do the way it works for us. If your parents would understand, take time to explain to them, if not, tell them the surface, save your time and help them invest (whether they know it or not).
That was a super long one. Time the easiest way to get my mom and dad to buy Bitcoin is by simply asking them to send me money for something and then use the money to buy Bitcoin and yet tell them that’s what I did. It will save you many stress of explanation. Most of them wouldn’t have interest because they are stuck know it used to be.
LOL, that's a great way. Well, the best way is also to ask them for money to invest, and we use it to invest in bitcoin. Even if you use the DCA method, it doesn't matter. When you have enough bitcoins from your parents' investments, you can buy them a house. However, not all parents are suitable and understand the Bitcoin system. The best way is for them to give us money and support for it.I don't believe you after making a profit from bitcoin and buying a house for your parents because from the beginning you intended to take their money to invest without the intention of working to make money for yourself and making money to help them. Also, have you thought about the scenario if your investment fails and you lose all their money, how will you explain to them or will you continue to make other excuses to keep asking money from them?
I am married and have children. If it were me, I would stop giving him money if I knew he wanted to use my money to invest or do business. It's not that I don't want to help him, but if he thinks about getting rich, he must first know how to make money himself and not depend on me or anyone else. Life is not easy and if we make a habit of depending on our parents then what will happen when they are no longer there? So build your own career instead of just thinking about depending on them.
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