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Topic: How to get your Dad (or Mom) to buy Bitcoin? - page 8. (Read 2007 times)

member
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This is so long, it's difficult to assume you wrote it yourself  Cheesy. Anyway, my parents already believe in Bitcoin. Well one of them more than the other, though. The thing is, you know it's way easier to buy them and keep them yourself for your parents, yeah? But if it's for awareness and knowledge sake, then I think the best way is to let them know how the traditional banks are starting to fail, first. That'll get them engaged since everyone can relate to how traditional banks are becoming less effective ( especially in terms of savings) these days. Then, let them know there's a solution, and teach them how to buy and keep their savings there.  I don't think it's honestly that hard to educate and help them. Some of them may be stubborn at first, but of course, you shouldn't go to them without proof that it's not a scam.
hero member
Activity: 2884
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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.
Investing in bitcoin was the right decision for me, and I did not needed anyone to convince me this was the case, as my knowledge about the economy and the history of money told me immediately that bitcoin was on the right track and I took the decision on my own to invest in it, if others do not see the same, there is no point in trying to convince them as this just means they are not really ready to invest in an asset that while great, it presents a volatility very few people can stomach.
full member
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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.
member
Activity: 210
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Well before you  introduce bitcoin investment to your parents first thing you need to ask yourself is if they can  be able to bare the risk that is involved? And secondly you need to make sure that they are well  educated, and also make sure that  they know about this internet fraudsters this are things they need to know before looking out to any other things. because challenges might come from this angles and if they are not familiar with those things probably they might end up being scammed, and at this point you will be blamed for not letting them know about this things for the first time.
member
Activity: 335
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5. Governments are averse to unpopular decisions.

Another reason to buy Bitcoin is also inherent in the system we live in, where the incentives themselves only push Bitcoin’s price higher. The only way for it to decrease, in my opinion, is if governments and politicians were to start acting in favor of the citizens. If you don’t trust this to happen, as is my case, it further reinforces the bullish thesis for Bitcoin.

It’s a fact that with the debt-based monetary system we live in, countries are becoming increasingly indebted. When it comes to paying off these debts, there are several ways to “bleed” the population, although in my view, inflation is the preferred and most obvious method (which also pushes Bitcoin higher).


I am again waiting for the El Salvador government to pay their debt to the IMF with BTC. If it is paid off, I think El Salvador will be an enviable pilot project for other countries in the implementation of financial inclusion in terms of servicing national debt.

The current conditions, let alone paid off, the interest alone has many obstacles to be repaid. This is the real source of chaos that many of the country's leaders must immediately think about, otherwise the public will continue to face uncontrollable increases in the price of goods every day.
newbie
Activity: 33
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Investing in bitcoin is a very wise thing to do but it is only possible if you know what it is and how it works, in Other not to go into in the wrong way one need sufficient knowledge about bitcoin. Getting your parents to buy bitcoin is not a bad one but it depends on how civilized they are in the digital world, are they the ones that are conversant with the internet or they are the type who do not have any interest about digital assets or interest. Convincing someone to do something that he or she has no knowledge about is not always good because if by any means it goes the wrong way, you will be held accountable.

Getting either of your parents to buy bitcoin is good but it should be done at their own will and also with full knowledge of what they are going into, not just because of their love for you or because you told them to buy or invest in bitcoin, so that if anything should go wrong your parents will not be disappointed in you rather they will see it as a willing act or decision made by them.
member
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I have a story where my parents were very supportive of me investing in bitcoin in 2018 rather than investing their own money. I didn't have a steady job at the time and I really didn't have any income to invest. I tried telling my parents and asking them to lend me $500 as an initial investment budget. I was happy with their good response after I explained how I could make money by investing, and of course that was the start that kept me going until now.

I didn't convince them to invest in bitcoin even though I explained how it works. They should be able to choose investment assets based on what they believe can be safer and also profitable, even I would never protest against that. But of course, investing in bitcoin may be better than gold and I have proven it myself from 2018 until now.
It's great to read your story and I'm sure you have a great ability to inspire people by telling them what they want. If you were to talk to your parents about investing or buying bitcoins, you might not be able to convince them so quickly and easily. However, if every parent can raise their children well then the children will not have any doubts about their parents work and it will be easy for the children to explain any work to them.
jr. member
Activity: 252
Merit: 1
If you were going to ask Your Parents to Spend $10,000+ You should just have them invest in a CryptoKitties Style NFT BattleCard Game (just an example) that YOU OWN.
hero member
Activity: 2688
Merit: 588
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.
Maybe you don't like reading? Or you do but you only lack of time. That's only what I can think of for now on why you can't go through all what he wrote. An answer of OP to those who experience a sentimental emotions after him forcing them to invest in BTC is not enough but those users can also demand him a refund for their money.

BTC is not a human like us who wants more money, this is why you said that it does not demand the same thing. IDK if you are also a BTC investor like us but if you are, then I'm sure you also want more profit to come for you, so why dislike such an idea the OP has? I don't mean that we will also do the same thing, so we are safe and we won't be guilty.
hero member
Activity: 1778
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I have a story where my parents were very supportive of me investing in bitcoin in 2018 rather than investing their own money. I didn't have a steady job at the time and I really didn't have any income to invest. I tried telling my parents and asking them to lend me $500 as an initial investment budget. I was happy with their good response after I explained how I could make money by investing, and of course that was the start that kept me going until now.

I didn't convince them to invest in bitcoin even though I explained how it works. They should be able to choose investment assets based on what they believe can be safer and also profitable, even I would never protest against that. But of course, investing in bitcoin may be better than gold and I have proven it myself from 2018 until now.
They are old enough to be involved in investing and although there are some people who may be in this investment system. If my assumption is correct, that our parents are not that close to investing and they are a little more unfamiliar with technology, then it is likely that they will find it quite difficult to understand the investment patterns that we carry out. On the other hand, it makes much more sense to lend their money to us to manage and they don't need to be directly involved in the investments we run.

They have their own way of investing money and maybe a system like the one we run doesn't suit their minds. I remember very well how my parents preferred to buy gold and land for the investments they carried out because their time was more inclined towards that. Forcing desires like we do will not necessarily make them understand and on the contrary will add to the burden on them at an age when they should spend more time relaxing.
legendary
Activity: 2044
Merit: 1075
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Mine are quite old, if we are talking about some teenager who wants to convince their parents, they could just do so with their own allowance type of money, not everyone gets a certain amount of money every week, some get it whenever they ask  for it, and some get a certain amount of money per week, I think using that to do it would work better. That way, if you could show them some results, then they would be able to accept the good results and could end up doing something themselves as well.

Obviously that may not work neither, but at the very least it is a way to start, without seeing some proof, they will not do it, even after seeing proof they may not but at least you would have proof in your hands to show them how this could work as an investment.
full member
Activity: 1484
Merit: 136
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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 Undecided Undecided Undecided

If your dad's mindset was like that then, there is a good chance that you will persuade him to invest in bitcoin because you can see his interest in that matter. if at that time you already have the ability and deep knowledge when it comes to investment, you and your dad are definitely talking about bitcoin investment. it's just sad but it's not too late, you can still help him if he wants to or you'll be the one to continue doing things he didn't do before.
Yes maybe it is not too late for the father to be influenced and invest in bitcoin if the son will initiate to invest together in bitcoin but the thing is I think it will not be easy because the father will be more hesistant as for a few years he has interest in bitcoin but never actually investing to it proves that the father maybe is too afraid and reluctant to investing in bitciin which is understandable, but yeah it is not bad to try, as long as bitcoin exist there's always a chance and timing to invest into it and actually earn but it will depends on how well the person understood the investment he will enter in, also it will be a good bonding for both parent and children if they have the safe interest as they can help each other, anyway it is not too late if you can try to pursuade your father I'm sure he will be interested again.
legendary
Activity: 1974
Merit: 1150
I have a story where my parents were very supportive of me investing in bitcoin in 2018 rather than investing their own money. I didn't have a steady job at the time and I really didn't have any income to invest. I tried telling my parents and asking them to lend me $500 as an initial investment budget. I was happy with their good response after I explained how I could make money by investing, and of course that was the start that kept me going until now.

I didn't convince them to invest in bitcoin even though I explained how it works. They should be able to choose investment assets based on what they believe can be safer and also profitable, even I would never protest against that. But of course, investing in bitcoin may be better than gold and I have proven it myself from 2018 until now.
legendary
Activity: 966
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Ahhh... I'm feeling sick and dezzyyyy what big stuff OP you've compiled is it your own summary about Bitcoin or just AI-generated content anyway appreciate if you did it by yourself, At the same time here are a few minor suggestions use Glow, and colors, Bold and custom size to make it better in the presentation because like this no one is gonna read it, as I haven't because I cant look for everyone read repeated content add some headings so we can scan through the page and get the desired piece of information which is only possible with the proper formatting and presentation in which you've scored 1/10 in this thread.

Make sure to follow the basics, such as Glow, Colored heading, and Custom sizes for text according to the need.
sr. member
Activity: 1022
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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 Undecided Undecided Undecided

If your dad's mindset was like that then, there is a good chance that you will persuade him to invest in bitcoin because you can see his interest in that matter. if at that time you already have the ability and deep knowledge when it comes to investment, you and your dad are definitely talking about bitcoin investment. it's just sad but it's not too late, you can still help him if he wants to or you'll be the one to continue doing things he didn't do before.
newbie
Activity: 3
Merit: 0
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 Undecided Undecided Undecided
sr. member
Activity: 1288
Merit: 231
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Reading isn't bad anyway but it all depends on how you programmed yourself for that particular book you wanna read, let say you can't have things to meet up and expect to finished a whole lot of books without you doing other things just like what op did put down there.
Well you're right, but when I say I spend time to read books, I didn't really mean that I spend all my time reading, perhaps whenever I'm free or my specified times for reading, so I do have enough time to take care of other stuffs too.

Quote
Usually it's sucking to see that what he could had just summarized with few words he littered the place with text just explaining how to let our mother and father invest in bitcoin. In fact they no explanation just live by example by showing them you cashed out big time from bitcoin and just tell them how long their investment needs to stay before they could harvest that all, after few moment they would call you to come take and put for them without much hassle.
Most definitely, like the old saying, action do really speak loud than words, sometimes you really don't need to go through the stress of preaching to people about Bitcoin and its benefits, because the results of your investment will surely so all the speaking for you, especially when the people involved are people around you, like your family or some close friends.
legendary
Activity: 2576
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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.
It's better to not get them involved in such kinds of investments not because we don't want them to succeed but rather because we want a peaceful life with them, we are making our own money anyway and that's enough reason for us to keep the responsibility to ourselves without making them involve in such harsh environment of the crypto market where they need to deal with the volatility and stress themselves every time they see the crypto market not in a good condition. Let's just do the jobs ourselves, and lessen their worry since they are getting old, we want no stressful things for them.
Talking about peaceful life, let's not forget one thing: the amount of time left to live they may have. If you're in your 20s and the economy collapses, well, of course it's not a nice situation but even if somehow you lose everything you have, you still have a lot of time to recover. If you lose your retirement funds while you're in your 70s... I don't even want to think about it, you'll have to work till the day you die. Seriously, don't overcomplicate your parents' lives.
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It's better to not get them involved in such kinds of investments not because we don't want them to succeed but rather because we want a peaceful life with them, we are making our own money anyway and that's enough reason for us to keep the responsibility to ourselves without making them involve in such harsh environment of the crypto market where they need to deal with the volatility and stress themselves every time they see the crypto market not in a good condition. Let's just do the jobs ourselves, and lessen their worry since they are getting old, we want no stressful things for them.
That's right, it would be better if we didn't involve them in this because if they don't understand the investments we make well, this will certainly make them stressed and make them have to think about investments that have the risk of losing their money if they make a mistake. investing in crypto not to mention the crypto market conditions which have high volatility will of course make them anxious when they see market conditions that are difficult to predict and I agree with you not to invite them to invest in crypto and we have to give them time to enjoy the time. they will grow old happily and not have to think about this very risky investment.
hero member
Activity: 1190
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Maybe it won't even happen, my father is over 62 years old while my mother is over 56 years old they have no expertise in technology, using their smartphones is quite difficult. So I thought I would never advise or teach them to buy Bitcoin. Right now I hope they stay alive in good health. But I also think maybe other people who have a better life and they understand technology is natural to invite to buy. If that happens to me then I will give you real evidence of bitcoin's history to date. At least it will make them understand that bitcoin's volatility is quite dangerous but its value is quite profitable to invest.
Its good ideas not advice them investing in bitcoin during most of our parent lack of technology and easily got scam when investing or holding bitcoin assets in mobile phone wallet. I remember with some of parent around my environment their social media account got hack after downloading fake or phising  link, seems easily their bitcoin or altcoin assets gone behind most of them not understand yet with real or trusted site and fake link.

Most of parent actually interested with their investment in land or gold, its keep worth although the increasing price not faster such as bitcoin but don't make them get pressure when investing in bitcoin and get increasing price will get problem or scare their investment assets.
Seems good ideas waiting their assets giving to us and spend it in bitcoin depend allow or not for selling or converting from land assets to bitcoin assets.
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