for me it's actually quite easy to convince parents to buy bitcoin. Because in my parents' generation they preferred investing in jewelry or gold, I just have to say that Bitcoin is the digital gold that exists today. It doesn't have physical properties, but the price is much more profitable if you store it compared to storing real gold.
When it comes to purchasing mechanics, I guide them from the start on CEX until they really understand and can see clearly how much profit they will make from holding bitcoin.
Topic: How to get your Dad (or Mom) to buy Bitcoin? - page 9. (Read 1973 times)
The reason why I always prefer watching videos rather than reading long posts is because I find myself sleepy whenever I read long posts or long articles.
10/10 for the OP still though for the effort that he used to create a long post like this but like what others felt, I also felt that I don't need to read that lengthy post. There might be some that are interesting but still, I prefer watching educational videos because I find myself comfortable on it.
I will never introduce to them with Bitcoin. My parents are the type of parents that aren't involved into any types of investments aside from real estate and business, but into other investments like Stock Market, bonds or crypto. They don't even know it or at least they've heard it, but not interested on it at least.
We all have different parents, and it's all up to us if we will guide them with regards to Bitcoin or not. If you felt that they're interested into it, then guide them. Still kudos on the lengthy post you created.
10/10 for the OP still though for the effort that he used to create a long post like this but like what others felt, I also felt that I don't need to read that lengthy post. There might be some that are interesting but still, I prefer watching educational videos because I find myself comfortable on it.
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Re: How to get your Dad (or Mom) to buy Bitcoin?
Anyway, to answer this question, I will, and I will not let them get involved into Bitcoin... or at least I will not be the reason why they are buying Bitcoin.I will never introduce to them with Bitcoin. My parents are the type of parents that aren't involved into any types of investments aside from real estate and business, but into other investments like Stock Market, bonds or crypto. They don't even know it or at least they've heard it, but not interested on it at least.
We all have different parents, and it's all up to us if we will guide them with regards to Bitcoin or not. If you felt that they're interested into it, then guide them. Still kudos on the lengthy post you created.
Actually at some point I got confused as well because giving out time to read all these lengthy post is energy consuming so I think have to reply with the title instead of reading down the whole contents before I sleep of while reading.
At first getting involving into bitcoin depends on how transparent you are to them why because whatever that involves money comes with trust and not just only the knowledge aspect. If your parents trusted so well about money then it would cost less energy to convince them to invest but if they can't trust you with money then it would take long time to get convinced into whatever thing that concerns online investment where they need to pull out money from their personal account to send to their child account or even having to buy anything with their master credit/debit cards.
I do enjoy reading books a lot and I can spend months reading just one book, but what builds my interest the most is the title of the books, that's what invites my interest to read, and if I eventually find it interesting, I'd read the whole thing, no matter how long it takes me.
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. 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. 
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.
I don't have lured my parents yet but i did with mybrother and cousin that is they are
now into crypto investment and specifically bitcoin.but my mom is showing interest now that
she keeps asking me how much is the value of bitcoin now and yesterday so maybe in a week
of two? she will finally invest in bitcoin.
now into crypto investment and specifically bitcoin.but my mom is showing interest now that
she keeps asking me how much is the value of bitcoin now and yesterday so maybe in a week
of two? she will finally invest in bitcoin.
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.
I don't think either of my folks would want to invest in Bitcoin. However if they actually were interested I would persuade them to invest in the Bitcoin ETFs which were just launched. Sure its not keeping actual bitcoins in your self custody but with how old my folks are they would get scammed if they kept it on a Binance account. There are way too many fake emails, phishing links, etc that old people can easily get fooled and get their crypto stolen.
If you buy the Bitcoin ETFs you don't need to worry about it. Its on your brokerage account which is very secure and hackers don't generally target any online brokerages because everything is reversible and they can't really steal anything. This is one of the few ways why the Bitcoin ETFs are great for adoption because the elderly don't really understand self-custody but they can rely on the Bitcoin ETFs like Blackrock IBIT.
If you buy the Bitcoin ETFs you don't need to worry about it. Its on your brokerage account which is very secure and hackers don't generally target any online brokerages because everything is reversible and they can't really steal anything. This is one of the few ways why the Bitcoin ETFs are great for adoption because the elderly don't really understand self-custody but they can rely on the Bitcoin ETFs like Blackrock IBIT.
You pointed out one of the advantages that a bitcoin ETF gives us, and I also support ETFs because it makes it easier for people to access bitcoin, especially older people like our parents. To be honest, getting into bitcoin is not as easy as many people say, it may be easy for us but for some people it is really a big barrier. Many people are not even confident in using centralized exchanges after being informed about the risks involved, let alone using non-custodial wallets because they are much more complicated. But with the bitcoin ETF, things get a little easier. If someone intends to introduce bitcoin to their parents, we should introduce a more suitable bitcoin ETF.
Lol exactly the same thing on my mind.
When I first opened the thread, I had to first scroll down to the end of the post and I literally yelled WTF. I mean that post is just to long. I only had to read a few paragraphs before proceeding to the response/comment session.
Such a lengthy post would definitely discourage people to participate in an active and interactive conversation here because not everyone can be able to dedicate invest their time reading all that, while also considering whatbthe subject of the thread says.
When I first opened the thread, I had to first scroll down to the end of the post and I literally yelled WTF. I mean that post is just to long. I only had to read a few paragraphs before proceeding to the response/comment session.
Such a lengthy post would definitely discourage people to participate in an active and interactive conversation here because not everyone can be able to dedicate invest their time reading all that, while also considering whatbthe subject of the thread says.
There is nothing wrong with a long post as long as it's interesting and engaging enough to keep the readers intrigued so that they read it whole. It depends on the writer and his writing skills and also the subject being discussed whether the readers will read the whole wall of texts or skip through it.
Writing skills matter a lot when it comes to this because someone with good writing skills and the ability to construct sentences and paragraphs in a way that would make the reader interested will have all their posts read no matter how long they are.
The subject has a very major role to play in attracting the attention of readers, let's take this thread for instance, not everyone is interested in convincing their Dads or Moms to invest in Bitcoin, so the subject isn't a catchy one. Mind you, I'm not saying that the topic or thread isn't worth reading, I'm just saying that it's not intriguing enough to catch the attention of readers to want to read through every little thing there.
I do enjoy reading books a lot and I can spend months reading just one book, but what builds my interest the most is the title of the books, that's what invites my interest to read, and if I eventually find it interesting, I'd read the whole thing, no matter how long it takes me.
The thing is, once you’re at that point, you find yourself wanting to share this excitement or knowledge with those closest to you, not to inflate the value of your holdings (unless you’re a cousin of an Arab sheikh, they’re not going to move the price), but because you truly believe in its transformative power for their financial future (they will remember you in the midst of a bull market, but it won’t be the right time either).
You need to find a way to simplify the meaning you want to convey to parents and if your intention is to provide them with an understanding of Bitcoin then it must be done in a much more binding way. You also have to know the character of your parents and if they are a little unfamiliar with the investment route then what you want to convey will be much more difficult for them to accept. You should also understand their previous work patterns because not everyone will be interested in investing, especially involvement in bitcoin.If your parents are unfamiliar with technology then they should not be involved in investing. You can ask for funding and manage the investment yourself because if you give them access, it doesn't necessarily mean they can do it. I think you know the character of your parents at home better and you also know what to do when your parents are not close to investment patterns.
It's not stressful but a little bit complicate when there's no evidence, show working is necessary. Persuading them to buy bitcoin ought to be very easy on our ends. We just need evidence and huge figures generated from the investment in bitcoin. For instance, showing your dad a car from the massive profits made from bitcoin, or even as far as getting a luxury home for yourself and dad knows you're extremely doing well, ofcourse he won't generate any doubt as he will hurrying concord to your suggestion of buying bitcoin.
The reason why I always prefer watching videos rather than reading long posts is because I find myself sleepy whenever I read long posts or long articles.
10/10 for the OP still though for the effort that he used to create a long post like this but like what others felt, I also felt that I don't need to read that lengthy post. There might be some that are interesting but still, I prefer watching educational videos because I find myself comfortable on it.
I will never introduce to them with Bitcoin. My parents are the type of parents that aren't involved into any types of investments aside from real estate and business, but into other investments like Stock Market, bonds or crypto. They don't even know it or at least they've heard it, but not interested on it at least.
We all have different parents, and it's all up to us if we will guide them with regards to Bitcoin or not. If you felt that they're interested into it, then guide them. Still kudos on the lengthy post you created.
10/10 for the OP still though for the effort that he used to create a long post like this but like what others felt, I also felt that I don't need to read that lengthy post. There might be some that are interesting but still, I prefer watching educational videos because I find myself comfortable on it.
Quote
Re: How to get your Dad (or Mom) to buy Bitcoin?
Anyway, to answer this question, I will, and I will not let them get involved into Bitcoin... or at least I will not be the reason why they are buying Bitcoin.I will never introduce to them with Bitcoin. My parents are the type of parents that aren't involved into any types of investments aside from real estate and business, but into other investments like Stock Market, bonds or crypto. They don't even know it or at least they've heard it, but not interested on it at least.
We all have different parents, and it's all up to us if we will guide them with regards to Bitcoin or not. If you felt that they're interested into it, then guide them. Still kudos on the lengthy post you created.
Op, your text is so long that it'll discourage people from reading it and taking part in a meaningful discussion, You should at least add a TL;DR for this.
If I got it right, TL;DR: Even when you're excited about Bitcoin, those close to you might not care, so if you want to convince them to invest, you should explain what Bitcoin is, what gives it value (decentralization), fixed supply as a hedge against inflation, self-custody of coins, mining as a buyer of unused energy surplus, and that it's not too late to invest.
Honestly, I don't know anyone inquisitive enough to listen to all that information about Bitcoin, especially if they aren't really interested in investing. I think that, overall, it's not a good practice to convince others to invest in certain things. If you want your relatives to get into Bitcoin, you can simply gift them a small amount of it, which might encourage them to learn more.
This post is long. When I first saw it, I thought it was a novel that someone posted here by mistake If I got it right, TL;DR: Even when you're excited about Bitcoin, those close to you might not care, so if you want to convince them to invest, you should explain what Bitcoin is, what gives it value (decentralization), fixed supply as a hedge against inflation, self-custody of coins, mining as a buyer of unused energy surplus, and that it's not too late to invest.
Honestly, I don't know anyone inquisitive enough to listen to all that information about Bitcoin, especially if they aren't really interested in investing. I think that, overall, it's not a good practice to convince others to invest in certain things. If you want your relatives to get into Bitcoin, you can simply gift them a small amount of it, which might encourage them to learn more.
.However, this post shows the poster's interest in Bitcoin. I have already said many times that people cannot be forced to do something when they do not have the heart to do something. I do not agree that any person can be forced to do something.
By doing it when there is no weak point in the hand and when it comes to spending money, people become even more stingy and curious. They think a thousand times before spending a single unit of the currency they have. Then how can anyone be advised to buy Bitcoin by saying they will benefit from it and they will believe us with their eyes closed?
You are right too if someone is dear to us and we want him to benefit like us or grow even more than us then we should gift him some bitcoins and tell him to save them for a long time, you will benefit from it by then. I think it will be too late when anyone realizes this.
Lol exactly the same thing on my mind.
When I first opened the thread, I had to first scroll down to the end of the post and I literally yelled WTF. I mean that post is just to long. I only had to read a few paragraphs before proceeding to the response/comment session.
Such a lengthy post would definitely discourage people to participate in an active and interactive conversation here because not everyone can be able to dedicate invest their time reading all that, while also considering whatbthe subject of the thread says.
When I first opened the thread, I had to first scroll down to the end of the post and I literally yelled WTF. I mean that post is just to long. I only had to read a few paragraphs before proceeding to the response/comment session.
Such a lengthy post would definitely discourage people to participate in an active and interactive conversation here because not everyone can be able to dedicate invest their time reading all that, while also considering whatbthe subject of the thread says.
There is nothing wrong with a long post as long as it's interesting and engaging enough to keep the readers intrigued so that they read it whole. It depends on the writer and his writing skills and also the subject being discussed whether the readers will read the whole wall of texts or skip through it.
Writing skills matter a lot when it comes to this because someone with good writing skills and the ability to construct sentences and paragraphs in a way that would make the reader interested will have all their posts read no matter how long they are.
On the other hand, for someone who doesn't put much effort in their writing or care about things such as sentence structure, vocabulary, punctuation, etc., their write-ups will barely catch any interest from the audience.
It’s weird that someone whose profile consists of mostly short replies and comments is the same person that made this great wall of text. Hats off to everyone that manage to read the OP, I for sure cannot afford to put my eyes through that. It would have been better if you summarized the post, a more concise explanation would help if you really want people to discuss the topic.
You are right the way the OP has structured the post here is not worth reading carefully. If the post is not shortened then I think no one will be able to read this post carefully. I myself could not bring myself to focus when I entered after reading the topic. Because it will not be possible for me to read such a big post carefully. So I would also suggest the OP to make the post more short so that everyone would be interested to read and give proper knowledge.When I first opened the thread, I had to first scroll down to the end of the post and I literally yelled WTF. I mean that post is just to long. I only had to read a few paragraphs before proceeding to the response/comment session.
Such a lengthy post would definitely discourage people to participate in an active and interactive conversation here because not everyone can be able to dedicate invest their time reading all that, while also considering whatbthe subject of the thread says.
I don't think either of my folks would want to invest in Bitcoin. However if they actually were interested I would persuade them to invest in the Bitcoin ETFs which were just launched. Sure its not keeping actual bitcoins in your self custody but with how old my folks are they would get scammed if they kept it on a Binance account. There are way too many fake emails, phishing links, etc that old people can easily get fooled and get their crypto stolen.
If you buy the Bitcoin ETFs you don't need to worry about it. Its on your brokerage account which is very secure and hackers don't generally target any online brokerages because everything is reversible and they can't really steal anything. This is one of the few ways why the Bitcoin ETFs are great for adoption because the elderly don't really understand self-custody but they can rely on the Bitcoin ETFs like Blackrock IBIT.
If you buy the Bitcoin ETFs you don't need to worry about it. Its on your brokerage account which is very secure and hackers don't generally target any online brokerages because everything is reversible and they can't really steal anything. This is one of the few ways why the Bitcoin ETFs are great for adoption because the elderly don't really understand self-custody but they can rely on the Bitcoin ETFs like Blackrock IBIT.
If we want our fathers and mothers to buy Bitcoin, we have to be able to explain Bitcoin. They have to get the right information about Bitcoin. Don't let them get the wrong information from out there.
Those of us who have learned about Bitcoin can teach them about Bitcoin. We can provide information about Bitcoin investment so that they can understand that apart from gold, there is now investment in Bitcoin. They can also seek profits from trading but they have to learn more about trading.
I don't think many people want to know Bitcoin in more detail because many people don't want to learn about it, especially about miners, hashes, networks or others. The important thing is that they can use Bitcoin well, they know how to store their Bitcoin properly, and they can benefit from investing in Bitcoin.
Those of us who have learned about Bitcoin can teach them about Bitcoin. We can provide information about Bitcoin investment so that they can understand that apart from gold, there is now investment in Bitcoin. They can also seek profits from trading but they have to learn more about trading.
I don't think many people want to know Bitcoin in more detail because many people don't want to learn about it, especially about miners, hashes, networks or others. The important thing is that they can use Bitcoin well, they know how to store their Bitcoin properly, and they can benefit from investing in Bitcoin.
How do you want your mom and dad to understand all these wall of text that you wrote. It will be boring to them and that alone can discourage anyone from listening to you the second time. You must not convince or force anyone to buy bitcoin, so that you will not be held responsible for their actions, when the price of bitcoin goes south or if anything happen to their bitcoin investment.
Just tell whoever that you want to introduce to bitcoin, the basic concept of bitcoin that it is worth investing in bitcoin as an investment for a long time or to use it as their savings because it is an hedge against inflation, instead of keeping their savings in banks that will depreciate overtime. They should also use the amount of money that they can afford to lose. Whoever is interested will make research and come back to you showing interest, then you can throw more light on bitcoin the second time.
Just tell whoever that you want to introduce to bitcoin, the basic concept of bitcoin that it is worth investing in bitcoin as an investment for a long time or to use it as their savings because it is an hedge against inflation, instead of keeping their savings in banks that will depreciate overtime. They should also use the amount of money that they can afford to lose. Whoever is interested will make research and come back to you showing interest, then you can throw more light on bitcoin the second time.
Period,the efforts doesn't have to be more than this entirely,whoever thinks its worth going for would apply the necessary steps and to buy bitcoin or even research to hasten the possibility of having to part of bitcoin.
I practically don't have any medium that I intend to use to make my parents show interest.If there is,its just the normal basics of bitcoin that I tell them..and honestly that didn't work out for me.
Bitcoin needs to be handled with proper and vast knowledge,with calculated risks and constant efforts put into consideration.
I have tried many times to convince my parents about the importance of Bitcoin but they are not able to gain knowledge about the importance of Bitcoin and the future demand of Bitcoin. So now I have given up trying in vain to convince my parents about the importance of Bitcoin because instead of convincing them I have decided to invest in Bitcoin without their permission. Because they don't have the mindset to gain knowledge about the importance of Bitcoin and its future growing demand, I don't discuss such things with them anymore.
I find it a practically impossible mission to convince my parents (who are already old) to buy bitcoin, they barely know how to use a computer efficiently, bitcoin technology for them will be like an alien... unfortunately this is the reality for many of us... . perhaps younger people who have younger parents can convince more easily.
Same goes for me. It's like for them to believe, they want to see the success I'm telling to them live in me first then they will follow. Until then they are not convinced nor listening. They just thought it would be waste of money, time, and effort looking at this digital currency. Yes they do understand that this could be the future, but they are not seeing success for themselves. They are adamant of the possibilities.
And it's sad because I am not successful yet to become relevant person to influence them that you can get rich in bitcoin.
It's not stressful but a little bit complicate when there's no evidence, show working is necessary. Persuading them to buy bitcoin ought to be very easy on our ends. We just need evidence and huge figures generated from the investment in bitcoin. For instance, showing your dad a car from the massive profits made from bitcoin, or even as far as getting a luxury home for yourself and dad knows you're extremely doing well, ofcourse he won't generate any doubt as he will hurrying concord to your suggestion of buying bitcoin.
Once you enter the world of Bitcoin, you feel, as often said in the field, ‘like falling down the rabbit hole
A rabbit hole or an entire novel?? Haha I do love the idea and thought of trying to convince your loved ones with buying Bitcoin. It’s a just argument and hitting them with some facts and educating them is definitely the right path to go down with this. If you’re having to explain it in this fashion to them it’s safe to say they are not at all familiar with Bitcoin or how it works, I’ve always found dumbing things down when dealing with these types of folks is very helpful. Describing it like you would explain and reach a 5th grader so people understand it is also going to be helpful with this pitch.
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