Topic: How to get your Dad (or Mom) to buy Bitcoin? - page 5. (Read 2007 times)

Well it all depends on the kind of parents you have, well I don't know how parenting is over at where you reside but I believe most parents here would disagree and even cease to send you money even if you told them that this is what you used the funds for especially when it's something they feel is not good and believe me or not crypto currency in some places wear I stay still have more negative view by people especially when the government is pointing and painting Bitcoin as something that's totally evil and against the laws of the country.

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.

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.

I agree with you. I understand you want to do some good for them but this is not the right way to do, you are lying to them and, in a certain way, you are implying that they are too stupid to understand what you want to do, so you have to do it behind their backs. We are talking about family and money, it's already a delicate matter, you also add lies to the mix and good luck with that.

The most important thing is that the money you get will not disrupt your family's finances. that's enough. If what happens is that the child asks for money, then you can be sure that the money is the child's right. but if what is meant is borrowing, of course, there is the thought of returning it.
but it will be a surprise for the parents when one day in the future their child manages to give money with the profits from investing in Bitcoin, the capital of which was actually given by the parents in an unknown way.

If I may advise you, you don't need to write as long as you wrote.

If you need to know about this.

Bitcoin is generally known to everyone, from rural areas to cities, young and old, women and men, fathers and mothers know about Bitcoin, it's just that they don't believe in how Bitcoin actually works, that's the main problem that we have to provide a good and perfect understanding.

Bitcoin is a digital currency, which is operated by connecting to the internet, Bitcoin is not something that is difficult to understand, there are many sources that can be learned about Bitcoin, in essence: provide a detailed understanding of its advantages, How Bitcoin actually works, automatically they/father/mother will buy Bitcoin, what's more our parents like trading or investing, it will be easier for them to accept Bitcoin and buy it.

I never recommend lying to your parents. I value honesty and integrity. Bitcoin is not a fraud. This innovative technology could change our banking system. Your parents may be apprehensive, and thats fine. Their generation is used to traditional banks and investing.

World changing. Bitcoin and other cryptocurrencies are future. They provide financial independence that traditional systems cannot. Its about educating and showing possibilities, not deceiving. Instead of lying, talk to your parents honestly. Tell them how Bitcoin can help them prosper and safeguard their financial future. Remember, knowledge empowers. Give your parents power, and they may surprise you.

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, your opinion is right OP need to invest in bitcoin from his own pocket but he want to make their parent assets get more increasing when investing in bitcoin.

Firstly its difficult approach when talking about the interested and benefit side of bitcoin become investment assets, but after all of them know how much bitcoin price increasing year by year will make them interested to buy or investing in bitcoin than not benefit yet earn when holding their fund in the Bank. I think need to make good approach for parent not understand well with cryptocurrency digital era and benefit earn in the future when bitcoin price raising up drastically.

If you use the money for something good then I also don’t think it’s that bad of an idea especially if you do give them their money back once you make profit. But it’s still a risky move because you can easily lose the money you have asked from your parents. As long as the money they gave did not cause them to become short in money then yeah probably it’s not that big of a deal.

It isn’t as deep as you make it seem. To cut the long story short, what I suggested is very simple and straightforward. It’s not scam because you’ll end up telling them this is what you did with it. I’m not sure your kind of parents but it depends on the relationship you have with your parent. For me, I don’t see a big deal in it as you put it.

Do they really have to learn all of that? I'm sure that most parents would probably just care on the things that would matter which is the time that they're investing in bitcoin, pretty sure that most of those stuff doesn't even have a need to be known because what's the point, would they be mining too that they need to learn about mining? Pretty sure that's not the case. I think that the best way probably is for you to just stick with the FAQs of bitcoin investing, that way it's not difficult for you.

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.

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

Op your post is way too lengthy,if there is a way to get your parents to buy Bitcoin.The thing to do is to inform them about Bitcoin investment and how it offers profitable returns in the long term;
1.Explaining Bitcoin to them.
2.Explaining the high volatility of the market.
3.Explaining a digital wallet and what best wallet to store their digital asset for the long term.
4.Explaining what a seed phrase is to them.
5.Telling them the preferred strategy to accumulate bitcoin (DCA strategy)
6.And if they're interested it's best they start as possible.

You're right, it takes parents that's educated and a bit younger to give listening ears to all those that the OP just mentioned especially those parents that's come across Bitcoin on the Internet but don't know how to go about it, such parents would be willing to listen and learn from their child mostly if they heard or seen that it's very beneficial but then it would be very difficult to convince parents that are not educated or not familiar with modern facilities or technology cause they'll need a device like phone or laptop to go into the net, download apps where they could invest on Bitcoin the only thing a child could do in such situations is to give them proves why investing on Bitcoin is a good idea then get funds from them and buy and hold Bitcoin using their parents money. My parents are learned though they're advanced, they know about Bitcoin but don't use it cause they still believe in fiat money which they have understanding about, but I believe they'll be very convinced if I give them reasons why Cryptocurrency is far better than fiat. Now what I'm trying to say is that it's one thing to know about something and understanding it is another, most parents know about Bitcoin but they don't understand it and would rather save with fiat currency in the bank instead of Cryptocurrency like Bitcoin, but if one could convince them with good reason then they'll have a second thought of give Cryptocurrency a chance.

In my own opinion,sometimes it might actually be difficult at the initial stage in persuading your dad or mum in buying Bitcoin, because nowadays some parents mostly have trust issues.But nevertheless,

 Start Small: Encourage them to start with a small investment to get comfortable with the concept. Emphasize that they can invest an amount they are willing to lose.

 Use Real-Life Examples: Share success stories of people who have benefited from investing in Bitcoin. Show them how it has become a mainstream investment option.. but in all.

Remember that investing in Bitcoin involves risk, and it's essential for your parents to understand and be comfortable with this before making any decisions.

I think it should be those parents that is well educated, and also those parents that has full knowledge about the things that is going on in the internet, because most parents can be educated but they have less understanding about this digital world. more especially those parents who has come to aged, Moreover telling this set of people to buy bitcoin is just like a waste of time, because even if you explain to them million times about how bitcoin investment works they won't understand.

I was in the same situation as you that I just sat all the time and use the computer in vain. In fact it is difficult to convince older people of any online activity until visual evidence is presented to them. However, this is not the case for all individuals but most cases are faced with such situations. However after much persuasion and explaining all the online activities I finally got the consent of the family. Which is very important for me.

I am a very simple family man and my parents are not highly educated and they don't have much idea about Bitcoin or all these virtual things. But I came to know about bitcoin through some online platform very likely I will be the first member of my family who will be involved with bitcoin although my knowledge about bitcoin is not enough yet but I am trying to learn.

I think even if you explain this to your parents if there is no interest in knowing Bitcoin and blockhain technology you will just waste your effort, it is better to explain it to someone who you see initiatives who really want to know something.

Bitcoin and Blockchain technology are different matters and also broad matters, and take note that it is not easy to understand in one sitting, Bitcoin and blockchain are not like that, for sure you know that too.