Topic: I got my mother to buy 15 bitcoins over the past year. Have you done similar? - page 2. (Read 3747 times)
August 03, 2014, 02:17:16 AM
I also want the idea of sitting pretty in the next 5 years, purchasing bitcoin i guess could be one of the stepping stone.
August 03, 2014, 01:54:42 AM
Isn't there a saying that if you don't control the private key, then you don't have any bitcoins? I remember people were saying that when Mt. Gox went under.
In my case, both my mother and I have access to the private key (generated off-line). That *mostly* counts as control. My parents don't actually have Bitcoin software installed yet.
If they swept to a new wallet they generated; they would have to worry about the geographically separate back-ups I largely took care of already.
August 03, 2014, 01:16:32 AM
does your mom understand how it works, or is she just listening to your advice (or seeing other people make money off bitcoin)?
She understands the basics and she gets it more each time we talk. But she wouldn't know how to send it herself. I will control her keys for her if she is ready to cash out.
Isn't there a saying that if you don't control the private key, then you don't have any bitcoins? I remember people were saying that when Mt. Gox went under.
August 02, 2014, 09:38:10 AM
Bitcoin is a horrible investment for someone not paying close attention to it. It's very speculative and needs to be treated as such, with constant analysis. Bitcoin can easily tank and never recover if the smart money moves somewhere else, and I have no doubt Bitcoin will eventually be replaced by another crypto. Holding no significant amount of altcoins, I have no idea when it'll happen outside that it's not happening in the next week and it's very likely to happen before I die.
Some early bitcoin holders bought and forgot the coins for a few years and then become millionaire after they saw the news.
August 02, 2014, 09:36:43 AM
I am staying at my parents' house this summer. They refuse to charge me, but I will give them 1000 euros in bitcoins to cover expenses. Paper wallet, they don't do computers.
August 02, 2014, 09:36:20 AM
Bitcoin is a horrible investment for someone not paying close attention to it. It's very speculative and needs to be treated as such, with constant analysis. Bitcoin can easily tank and never recover if the smart money moves somewhere else, and I have no doubt Bitcoin will eventually be replaced by another crypto. Holding no significant amount of altcoins, I have no idea when it'll happen outside that it's not happening in the next week and it's very likely to happen before I die.
Some early bitcoin holders bought and forgot the coins for a few years and then become millionaire after they saw the news.
August 02, 2014, 09:06:22 AM
Kind of duty for bitcoiners to convince people around. New money alwasy means potential price rise.
August 02, 2014, 09:03:00 AM
it is ok if you could afford that investment
August 02, 2014, 08:48:57 AM
Most people I know would not understand the concept and would prefer cash
August 02, 2014, 08:40:43 AM
Not my mother but my wife, I've started to talk about bitcoins with her but she wasn'r really interested until I clicked on the charts.
The exponential rise of these years made she crazy.
The exponential rise of these years made she crazy.
August 02, 2014, 06:53:15 AM
I also have people I love, but I can not be happy their
I never bought since I know bitcoin bitcoin in april
I did just look for free bitcoin to buy and sell goods
regards.
I never bought since I know bitcoin bitcoin in april
I did just look for free bitcoin to buy and sell goods
regards.
August 02, 2014, 06:02:11 AM
my gf got some BTC because of my advice 
August 02, 2014, 06:01:02 AM
Bitcoin is a horrible investment for someone not paying close attention to it. It's very speculative and needs to be treated as such, with constant analysis. Bitcoin can easily tank and never recover if the smart money moves somewhere else, and I have no doubt Bitcoin will eventually be replaced by another crypto. Holding no significant amount of altcoins, I have no idea when it'll happen outside that it's not happening in the next week and it's very likely to happen before I die.
August 02, 2014, 05:39:49 AM
I got my own mother to purchase 15 BTC over the past year. She will be sitting pretty in 5 years 
(and don't worry, I secured the bitcoin for her)
Have you gotten someone you know or love to buy bitcoin because you want them to be doing well in the future?
Post your success stories here.
No, I did not. I'm not into ruining my family's finances. (and don't worry, I secured the bitcoin for her)
Have you gotten someone you know or love to buy bitcoin because you want them to be doing well in the future?
Post your success stories here.
August 02, 2014, 05:37:17 AM
Hey,
I convinced several persons to start earning BTC by working.
There are a lot of developers who are opened to such thing and are ready to be paid in BTC.
I made my brother buy little BTC when it was at 100$
BR
I convinced several persons to start earning BTC by working.
There are a lot of developers who are opened to such thing and are ready to be paid in BTC.
I made my brother buy little BTC when it was at 100$
BR
legendary
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August 02, 2014, 01:13:58 AM
I've told a few friends about Bitcoin and some of them have a few mbtc
One of them was interested enough to try their own bitcoin related projects and I have been getting a few people who want to create accounts at Bitcoin exchanges and possibly start trying it so one step at a time
One of them was interested enough to try their own bitcoin related projects and I have been getting a few people who want to create accounts at Bitcoin exchanges and possibly start trying it so one step at a time
August 01, 2014, 08:04:42 PM
I got my own mother to purchase 15 BTC over the past year. She will be sitting pretty in 5 years
(and don't worry, I secured the bitcoin for her)
Have you gotten someone you know or love to buy bitcoin because you want them to be doing well in the future?
Post your success stories here.
(and don't worry, I secured the bitcoin for her)
Have you gotten someone you know or love to buy bitcoin because you want them to be doing well in the future?
Post your success stories here.
haha I was just looking for a free bitcoin never buy: D
maybe if there is a large capital investment bitcoin
I would but it's been pretty lucky and I am also looking for a bitcoin is free and there is also the result
August 01, 2014, 07:41:51 PM
I didn't sound convincing enough to her..
August 01, 2014, 07:37:25 PM
Got my pops to swap fiat for 6BTC 
Kudos to you and all others that got parents or elderly into btc.
I've personally found the older (+45) folk are just too skeptical - and not worth the risk for them. Sad
yep, older people are more skeptical to change.. at least in my experience. they like to find a comfortable spot and keep going there. my mom does that shit all the time.
August 01, 2014, 07:00:26 PM
Got my pops to swap fiat for 6BTC
Kudos to you and all others that got parents or elderly into btc.
I've personally found the older (+45) folk are just too skeptical - and not worth the risk for them. Sad
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