How to get your Dad (or Mom) to buy Bitcoin? - page 7.

Iranus

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Quote from: avp2306 on May 23, 2024, 06:06:34 AM

Quote from: Iranus on May 23, 2024, 05:07:40 AM

Quote from: Kristiyana on May 22, 2024, 11:48:02 AM

Quote from: mamesso on May 21, 2024, 11:59:32 AM

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

I totally agree with you I also have parents who don't have any idea about what is happening in the internet and they're also at the range of 70 to 67 year's old, I think is very hard to convince them to go into crypto investment. However I think those parents who are not up to the age of 67 to 70, i think you can easily convince them to invest in bitcoin that's for those parents who understand technology and also the things that is going on in the internet because if they're not educated enough it will be very hard to convince them.

But why are you trying to convince your parents and use their money to invest in bitcoin? Why don't you go work for yourself, save money and build your own portfolio? Our parents have worked hard all their lives and only saved some money to enjoy their old age, and should we take their money to invest in a volatile and risky asset like bitcoin?

Personally, I do not agree and oppose the idea of convincing or trying to get money from my parents to invest in bitcoin. We should build our own careers and not depend on our elderly parents.

I also think about the reason on why would we convince our parents to buy bitcoin? It will just put them on more higher risk to lose their money. Maybe better don't convince them to buy bitcoin but to teach them about bitcoin if they are showing some interest about this. But if they happy and relax at home then I guess its better not to bother them on any stressful activities since maybe they will be in huge risk to compromise their health especially if they can't handle so much pressure if they lose their money due to bitcoin volatility. I would also choose to solely invest on bitcoin and will not bother anyone since this is not really a good idea to do. It could save us time and we could focus on a lot of things rather than worrying about on the investment decisions made by our parents.

Teach them about bitcoin and maybe guide them to invest a little in bitcoin if they are really interested in it and want to do it voluntarily. If not, don't try to convince or worse, lie to them just to get them to invest in bitcoin. Bitcoin is a potential investment but don't forget that high returns come with high risks and not everyone can withstand its volatility. Even young people have people who don't like the volatility of bitcoin, let alone older people like our parents.

Honestly, I don't see any benefit in convincing our parents to invest in bitcoin and I think that the people who are trying to do this just because they don't know how to make money, they don't have the money and they want to use other people's money to invest in bitcoin. And using other people's money to invest in bitcoin to satisfy your own desires is just selfish and greedy.

avp2306

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Quote from: Iranus on May 23, 2024, 05:07:40 AM

Quote from: Kristiyana on May 22, 2024, 11:48:02 AM

Quote from: mamesso on May 21, 2024, 11:59:32 AM

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

I totally agree with you I also have parents who don't have any idea about what is happening in the internet and they're also at the range of 70 to 67 year's old, I think is very hard to convince them to go into crypto investment. However I think those parents who are not up to the age of 67 to 70, i think you can easily convince them to invest in bitcoin that's for those parents who understand technology and also the things that is going on in the internet because if they're not educated enough it will be very hard to convince them.

But why are you trying to convince your parents and use their money to invest in bitcoin? Why don't you go work for yourself, save money and build your own portfolio? Our parents have worked hard all their lives and only saved some money to enjoy their old age, and should we take their money to invest in a volatile and risky asset like bitcoin?

Personally, I do not agree and oppose the idea of convincing or trying to get money from my parents to invest in bitcoin. We should build our own careers and not depend on our elderly parents.

I also think about the reason on why would we convince our parents to buy bitcoin? It will just put them on more higher risk to lose their money. Maybe better don't convince them to buy bitcoin but to teach them about bitcoin if they are showing some interest about this. But if they happy and relax at home then I guess its better not to bother them on any stressful activities since maybe they will be in huge risk to compromise their health especially if they can't handle so much pressure if they lose their money due to bitcoin volatility. I would also choose to solely invest on bitcoin and will not bother anyone since this is not really a good idea to do. It could save us time and we could focus on a lot of things rather than worrying about on the investment decisions made by our parents.

Iranus

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Quote from: Kristiyana on May 22, 2024, 11:48:02 AM

Quote from: mamesso on May 21, 2024, 11:59:32 AM

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

I totally agree with you I also have parents who don't have any idea about what is happening in the internet and they're also at the range of 70 to 67 year's old, I think is very hard to convince them to go into crypto investment. However I think those parents who are not up to the age of 67 to 70, i think you can easily convince them to invest in bitcoin that's for those parents who understand technology and also the things that is going on in the internet because if they're not educated enough it will be very hard to convince them.

But why are you trying to convince your parents and use their money to invest in bitcoin? Why don't you go work for yourself, save money and build your own portfolio? Our parents have worked hard all their lives and only saved some money to enjoy their old age, and should we take their money to invest in a volatile and risky asset like bitcoin?

Personally, I do not agree and oppose the idea of convincing or trying to get money from my parents to invest in bitcoin. We should build our own careers and not depend on our elderly parents.

HideYourKeys

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I did not expect this thread to get this popular!! I have re-written the OP; to make it shorter and clearer. I am currently in the process of orange-pilling two friends, I will let you guys know the results Wink

Kristiyana

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Quote from: mamesso on May 21, 2024, 11:59:32 AM

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

I totally agree with you I also have parents who don't have any idea about what is happening in the internet and they're also at the range of 70 to 67 year's old, I think is very hard to convince them to go into crypto investment. However I think those parents who are not up to the age of 67 to 70, i think you can easily convince them to invest in bitcoin that's for those parents who understand technology and also the things that is going on in the internet because if they're not educated enough it will be very hard to convince them.

South Park

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Quote from: Mame89 on May 21, 2024, 03:50:34 PM

Quote from: mamesso on May 21, 2024, 11:59:32 AM

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

Actually, there are many ways to invite or persuade our parents to want to invest in Bitcoin, of course the choice you take is actually one of them. Because your intention from the start was to make your parents rich so they could invest in bitcoin to create financial freedom in the future. Even though your parents are very old, their eyesight is short-sighted and they can even hear, but you have the initiative to manage their finances so they can invest and the profits are given back to your parents. I think if your parents are still young, their memory and eyes are still clear, they will definitely invest in Bitcoin too.

Times are increasingly developing, fortunately in our time there is already bitcoin so we can easily invest in bitcoin. But old people used to invest in things that looked like gold, land and property. so bitcoin investment is very foreign to them. Even if we want to educate them about Bitcoin, they have difficulty understanding it because Bitcoin is very complicated. However, as children, we must continue to provide education about understanding Bitcoin to them, the most important thing is not to force them to follow our wishes.

Even if bitcoin is for everyone regardless of their age, in my experience people get to an age in which they do not want to worry about investments or whether they can afford something anymore, now many do not have that luxury as they were unable to save enough money for their retirement and they are still working or getting by with a small pension, but those that were fortunate to do so, now want to rest from those responsibilities, so a child of theirs taking that responsibility for them is quite common.

Mame89

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Quote from: mamesso on May 21, 2024, 11:59:32 AM

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

Actually, there are many ways to invite or persuade our parents to want to invest in Bitcoin, of course the choice you take is actually one of them. Because your intention from the start was to make your parents rich so they could invest in bitcoin to create financial freedom in the future. Even though your parents are very old, their eyesight is short-sighted and they can even hear, but you have the initiative to manage their finances so they can invest and the profits are given back to your parents. I think if your parents are still young, their memory and eyes are still clear, they will definitely invest in Bitcoin too.

Times are increasingly developing, fortunately in our time there is already bitcoin so we can easily invest in bitcoin. But old people used to invest in things that looked like gold, land and property. so bitcoin investment is very foreign to them. Even if we want to educate them about Bitcoin, they have difficulty understanding it because Bitcoin is very complicated. However, as children, we must continue to provide education about understanding Bitcoin to them, the most important thing is not to force them to follow our wishes.

mamesso

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The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

EwaPcka

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First of all, you don’t need to prove to your parents that Bitcoin is the best solution for all the world’s problems. Above all, you need to show to your parents that it’s not just another fleeting hobby of yours. So dedicate as much time and energy as you can, to learn about Bitcoin. Then you’ll find out to yourself that you’ll persevere with your passion for the long term or if you’ll simply be unnecessarily asking your parents for money. If so, they’ll notice it themselves😊

God bless u

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Quote from: MissNonFall9 on May 21, 2024, 06:44:44 AM

Elderly persons are interested in investing in something which must have a physical form and must be a popular subject such as land gold silver food grains etc. If we try to convince them otherwise, they will discourage us. But those who invested in Bitcoin some time ago and made a good profit today can show this investment summary to interest them in investing in Bitcoin.

As you mentioned, it's very difficult to convince people with traditional mindsets to believe in Bitcoin or cryptocurrencies and make investments in them because they mostly believe that one can't earn money from the internet and it is mainly used for gaming or wasting time as they see people using social media platforms a lot.

Even if you earn some money from cryptocurrencies, withdraw the profits, and show them the cash, they will still not believe you for the first time and will think that you have earned them from somewhere else, or maybe it's not your money and you are just kidding with them.

My family never believed that I can earn money while sitting in front of my computer, they used to think I'm playing games until I cashed out some of my earnings and that was when they realized I'm not wasting my time on useless things.

cryptoWODL

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Quote from: Volimack on May 04, 2024, 07:37:23 AM

As bitcoin is a popular currency many people have little knowledge about bitcoin so giving parents good advice about bitcoin may prevent them from believing it. Most people fear losing money I think it's better to invest yourself than to advise parents. Elderly people will not easily understand the good side of this coin they can always think negatively. Use your own discretion to buy bitcoin.

Although Bitcoin is a popular coin around the world, there are many people from the 90s who consider Bitcoin to be a scam (such as my parents). When I told my parents one day about investing in bitcoin they didn't believe me even they said it's totally scam because there is fear of losing money they think that. A few months after that when I made money from my first investment and helped them believe that it is possible to make money from investing in Bitcoin, it is not a complete scam.

Since then till today my parents did not discourage me to invest in Bitcoin but they showed me more interest to invest in Bitcoin even I have some cousins who are educated also interested in investing in Bitcoin. But the sad thing is that they are still students with no source of income.

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Quote from: Gaza13 on May 16, 2024, 12:09:51 PM

Quote from: jcojci on May 04, 2024, 06:11:38 AM

You can give information to your father and mother but you cannot impose your wishes on them. The decision to invest will be up to them and if they are not yet interested in investing in Bitcoin, you don't need to force them. You can just keep approaching them and show them how much Bitcoin profit you have made. But again, if they are still not interested, there is nothing you can do.

That's also what I do to people near me where I only provide information about Bitcoin. It is up to them if they want to invest in Bitcoin or not.

Yes, there's nothing wrong if we tell this information to people around or closest to you, but I think it will be very difficult for them to understand it, our understanding of Bitcoin today is certainly different from our parents' understanding of investment. Our parents' understanding was that if we buy everything it must have a physical form. According to parents, bitcoin has no physical form want that makes them reluctant to have it.

What you say is very true, yes, it is very difficult for them to be interested in this asset, even though you have proven it. Just let it flow like water, one day who knows, they will be moved to see its movement This asset requires a very long process to convince them.

Elderly persons are interested in investing in something which must have a physical form and must be a popular subject such as land gold silver food grains etc. If we try to convince them otherwise, they will discourage us. But those who invested in Bitcoin some time ago and made a good profit today can show this investment summary to interest them in investing in Bitcoin.

peter0425

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Quote from: Swayz on May 07, 2024, 04:04:53 PM

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! Undecided

Maybe it was a time where your father had no means to actually invest.

If he was so passionate in talking about it then he might have really believed in bitcoin and therefore would have bought some but unfortunately it is not always that we get to do what we want.

I also would like to buy more bitcoin and constantly think about it but I just currently do not have the means for it.

Ale88

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Quote from: Swayz on May 07, 2024, 04:04:53 PM

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! Undecided

Of course I don't know how old was your dad at the time but I guess he would be at least 45-50 years old, and did you actually expect someone of that age to go online, study about bitcoin and understand how to use an exchange, send all the KYC documentation, move the funds around, etc etc? If you had no idea how to do it, and you probably grew up using internet, how were you expecting him to do that?

Gaza13

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Quote from: jcojci on May 04, 2024, 06:11:38 AM

You can give information to your father and mother but you cannot impose your wishes on them. The decision to invest will be up to them and if they are not yet interested in investing in Bitcoin, you don't need to force them. You can just keep approaching them and show them how much Bitcoin profit you have made. But again, if they are still not interested, there is nothing you can do.

That's also what I do to people near me where I only provide information about Bitcoin. It is up to them if they want to invest in Bitcoin or not.

Yes, there's nothing wrong if we tell this information to people around or closest to you, but I think it will be very difficult for them to understand it, our understanding of Bitcoin today is certainly different from our parents' understanding of investment. Our parents' understanding was that if we buy everything it must have a physical form. According to parents, bitcoin has no physical form want that makes them reluctant to have it.

What you say is very true, yes, it is very difficult for them to be interested in this asset, even though you have proven it. Just let it flow like water, one day who knows, they will be moved to see its movement This asset requires a very long process to convince them.

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Quote from: lalabotax on May 14, 2024, 04:41:19 PM

I understand that Bitcoin is a potential, tempting investment. but to be honest, I am not willing to get my parents invest in Bitcoin. Because, yes, they are really old, even using a telephone is enough for them, just to communicate, nothing more than that. And they don't even understand what the online world is, even though it has been explained in great detail and in simple language. So, that wouldn't be possible. because if I force him then it means I will be cheating him because after all I will also be the one managing the investment. Meanwhile, I also have younger siblings who so far are still not interested in the world of crypto even though they already know what I do. so this wouldn't be fair to them either.

But that again will depend on each family's individual conditions. There are many things that influence our decision to involve parents or not in cryptocurrency investment, including family, because we alone understand the conditions of our family.

I am just like you, I have never and have no intention of encouraging my parents to invest in bitcoin. In addition to bitcoin's upside potential, it also has risks, and I don't want my parents to spend the rest of their lives stressing over bitcoin's fluctuations .

If we want to introduce bitcoin investing to someone, we should target our generation, the young people . Older generations like our parents are no longer suitable for bitcoin, and what they need is to rest and enjoy their old age , not work hard to make money .

To me , the people who are trying to give investment advice to their parents are people who can't afford to invest in bitcoin. They just want to use their parents' money to invest in themselves rather than thinking about good things for their parents .

jrrsparkles

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Quote from: Vinaa77 on May 15, 2024, 06:05:20 PM

Quote from: jrrsparkles on May 15, 2024, 02:18:24 PM

I didn't read the wall of text, not interesting to be honest.

I just want to mention something, I am not really going to convince someone who is used to the existing system cause it's difficult and there no point of doing it but we can do with the next generation, let's say how to get your son or daughter to buy Bitcoin that makes more sense to me.

Get the word about decentralisation to these people and sooner or later they will come around.

I believe that someone who is used to the existing system will of course find it very difficult for them to accept it and it would also be better for us not to make it difficult for them as parents to invest in a market that has high risks and it would be better to let them enjoy it. their old age with their family and not thinking about this investment.
Yes, it would be better for us to prepare our generation to be able to invest in Bitcoin because this will be very useful for their future and if we have prepared them it will certainly be easy for them when they grow up to understand investing in Bitcoin.

We are highly flexible too but I am talking the reality it doesn't mean old generation can't understand and use crypto, yes they can but for now the priority can be focused towards the future generation and they can be able to adapt to the changes more easily than old era people. If we are talking about first time investment of their retirement funds then I wouldn't call it as good way to invest.

Vinaa77

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Quote from: jrrsparkles on May 15, 2024, 02:18:24 PM

I didn't read the wall of text, not interesting to be honest.

I just want to mention something, I am not really going to convince someone who is used to the existing system cause it's difficult and there no point of doing it but we can do with the next generation, let's say how to get your son or daughter to buy Bitcoin that makes more sense to me.

Get the word about decentralisation to these people and sooner or later they will come around.

I believe that someone who is used to the existing system will of course find it very difficult for them to accept it and it would also be better for us not to make it difficult for them as parents to invest in a market that has high risks and it would be better to let them enjoy it. their old age with their family and not thinking about this investment.
Yes, it would be better for us to prepare our generation to be able to invest in Bitcoin because this will be very useful for their future and if we have prepared them it will certainly be easy for them when they grow up to understand investing in Bitcoin.

bettercrypto

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These scenarios are common; actually, it's just common sense, where if your parents don't understand what you see and know, there will for sure be an argument about what you're talking about, even if it's about Bitcoin. . Of course, on their part as parents, they don't want you to regret it in the end.

They don't want to make a mistake as much as possible, but at the end of your conversation, they will understand that even in their minds, they don't like what you believe in this conversation, and in their eyes, what you believe is wrong. But they will also let you do what you want so that if you make a mistake, they want you to learn from your mistake, and if you are right, they will see that you are gradually gaining maturity in your personality. That's all. .

jrrsparkles

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I didn't read the wall of text, not interesting to be honest.

I just want to mention something, I am not really going to convince someone who is used to the existing system cause it's difficult and there no point of doing it but we can do with the next generation, let's say how to get your son or daughter to buy Bitcoin that makes more sense to me.

Get the word about decentralisation to these people and sooner or later they will come around.

Topic: How to get your Dad (or Mom) to buy Bitcoin? - page 7. (Read 2007 times)