My mother is 70 ... | Bitcointalksearch.org

Coleth

newbie

Activity: 210

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Quote from: Bamelin on October 31, 2017, 02:27:15 AM

We talked about bitcoin today on the phone. She asked me if she gave me 30 dollars if I could invest it for her. I explained the volility of the coin that we could go from 100 to zero just like that. She still wants to put in 30.

That tells me while we may not be mainstream yet, we are getting there.

It is good to know that your mom is an open minded person, her willingness to invest will make her gain more. Just educate her more and talk to her about it daily if possible.

michellee

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Quote from: lillyann on April 22, 2018, 03:17:01 PM

Quote from: Bamelin on October 31, 2017, 02:27:15 AM

We talked about bitcoin today on the phone. She asked me if she gave me 30 dollars if I could invest it for her. I explained the volility of the coin that we could go from 100 to zero just like that. She still wants to put in 30.

That tells me while we may not be mainstream yet, we are getting there.

Why do you advise my mother not to invest. Why can you and she can not? Help her so that she does not lose her. Read what is worth buying now. Recommends ATL. I have already earned 0.4 ETH on exchange in a few days.

before we teach her and help her, we need to have a knowledge about bitcoin so he can explain to his mother. and yes, it is a good idea to help her to invest her money in bitcoin and in altcoin too. but if she only wants to use 30 dollars, maybe she only needs to invest in bitcoin only because it is difficult to divide that amount for many coins so it is better to stay with bitcoin only.

bedford1972

jr. member

Activity: 266

Merit: 2

It is commendable that the elderly know and are interested in the innovations of the modern world, but at the same time I feel sorry for them, because they only hear who has earned what, and they do not know the essence of technology. It is good when their young relatives help them to understand it, but there are active elderly people who try to do everything themselves and often come across scammers who have no conscience and who are ready to take away everything from you. I believe that it is necessary to improve the literacy of the population in the crypto economy. This will give a good impetus to the development of the market.

lillyann

member

Activity: 308

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Quote from: Bamelin on October 31, 2017, 02:27:15 AM

We talked about bitcoin today on the phone. She asked me if she gave me 30 dollars if I could invest it for her. I explained the volility of the coin that we could go from 100 to zero just like that. She still wants to put in 30.

That tells me while we may not be mainstream yet, we are getting there.

Why do you advise my mother not to invest. Why can you and she can not? Help her so that she does not lose her. Read what is worth buying now. Recommends ATL. I have already earned 0.4 ETH on exchange in a few days.

Topaz72

member

Activity: 322

Merit: 10

Quote from: vorseb on April 22, 2018, 02:32:18 AM

Maybe older people are hard to understand because it's like a dream. You can earn money easily. Maybe older people think that to earn money, we must work hard. Grin

No it is not like this mate I think older people are wiser than the young ones, as they have more experience than us, I think they will have to more ideas and more patience so this way they will be able to earn high, they will deal better with the situations o it is good buy your mother high amount of bitcoin and don’t worry she will earn high profit than you, and in bitcoin as well there is not restrictions for age, people of any age can free to use bitcoin.

daarul50

legendary

Activity: 1596

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If anyone wants to invest bitcoin on you either from family, relatives, friends, or people you just know. Make sure you explain the bitcoin in detail as possible with all the risks so that at other times there is no misunderstanding. You are at least lucky to have parents who are aware of the technological potential of bitcoin on the economy where there are still many parents who do not care about technological developments.

neliawesome

jr. member

Activity: 210

Merit: 1

Its is true that theres a lot of people who wanted to grab things even they dont understand what is it.Just like your mother who wanted to invest not because she is fully interested on it and wanted to learn everthing on it but because she just heard a news about bitcoin and grab hurriedly to invest not knowing the outcome.She thinks if she invest on it, the money will grow.For me investors doesnt count on his/her age the important of it that he/she had knowledge of what is it and he/she is willing to learn more and to take risk no matter what happened on the money they invested.

marjil

member

Activity: 454

Merit: 13

Quote from: crazyivan on November 01, 2017, 01:34:11 AM

Ha, ha, ha. I ve got the same issue here. My mother wants to buy a mining rig here.

))

The mining rig is a good idea on the forum because when you buy that you can mine the bitcoins to make a lot of money.

blue_nexus15

member

Activity: 532

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█ J A X N E T W O R K █

Quote from: Bamelin on October 31, 2017, 02:27:15 AM

We talked about bitcoin today on the phone. She asked me if she gave me 30 dollars if I could invest it for her. I explained the volility of the coin that we could go from 100 to zero just like that. She still wants to put in 30.

That tells me while we may not be mainstream yet, we are getting there.

It is a surprise that a 70-year-old woman can invest in the Crypto market. But I encourage you to guide your mother to BTC trading. Perhaps it is her pleasure, so do not bother her anything when she likes.

airdnasxela

sr. member

Activity: 728

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Quote from: Bamelin on October 31, 2017, 02:27:15 AM

We talked about bitcoin today on the phone. She asked me if she gave me 30 dollars if I could invest it for her. I explained the volility of the coin that we could go from 100 to zero just like that. She still wants to put in 30.

That tells me while we may not be mainstream yet, we are getting there.

If you talked about bitcoin, make sure that you explained to her all the thing that she need to know and make sure she take down notes considering her age. But it is great to know that your mother is enthusiastically wants to know and to earn in bitcoin because some old people are really having problems in adapting to these kinds of modern advancements.

michellee

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Activity: 2604

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Quote from: Bamelin on October 31, 2017, 02:27:15 AM

We talked about bitcoin today on the phone. She asked me if she gave me 30 dollars if I could invest it for her. I explained the volility of the coin that we could go from 100 to zero just like that. She still wants to put in 30.

That tells me while we may not be mainstream yet, we are getting there.

I think you can ask your mother to install bitcoin wallet on her android phone so after you buy bitcoin for her, you can send it directly to her android phone. and don't forget to not use that bitcoin if the price is not increase higher and tells her that not to get panic if somehow the price is droped like yesterday. make sure that you can explain the easy things about bitcoin so your mother can know about bitcoin and don't have to use her bitcoin for another things except to keep that bitcoin.

Hans17

full member

Activity: 390

Merit: 157

Quote from: Bamelin on October 31, 2017, 02:27:15 AM

We talked about bitcoin today on the phone. She asked me if she gave me 30 dollars if I could invest it for her. I explained the volility of the coin that we could go from 100 to zero just like that. She still wants to put in 30.

That tells me while we may not be mainstream yet, we are getting there.

Well remember that bitcoin is very volatile , and remember that it's very risky investment , we i just want to share that my dad and my mom love bitcoin , i've explain them how it works and the volatility of bitcoin , but then again they just invest now it's quite well though , and now little by little they understand and learning bitcoin. Maybe the bitcoin can go a hundred percent or even a 1800 percent but at the end of the day it can go up to 18 percent only see the difference?. But still bitcoin has a big potential to dominate the world in the near future , no doubt , and no regrets why I and my family invest on bitcoin.

jinnyjinny

member

Activity: 280

Merit: 16

Your grandmother is very cool. I respect people at this age who are interested in investing and improving their financial condition. Nowadays, young people don't always care about it, although it is very important. I hope that in my old age I wont depend on the state, but my financial assets will feed me.

vorseb

newbie

Activity: 126

Merit: 0

Maybe older people are hard to understand because it's like a dream. You can earn money easily. Maybe older people think that to earn money, we must work hard. Grin

Discourze

newbie

Activity: 25

Merit: 0

This is both amazing and a call-to-action.

The fact that she's interested, knows about it, and is ready to put down her first investment shows two things:
1. The adoption and name of BTC and blockchain technology is getting more and more widespread
2. We need to educate new investors ASAP

Though it's a sweet story, she doesn't seem to grasp the concept of what BTC is worth. See, the average person will take some of their money and throw it into BTC, then hodl and hope for the best... However, what we really want to see happen is people utilising BTC as much as they would the USD. It's adoption is not in having everyone in the world own some, it's true adoption would entail every person be using it as freely as they would their own local fiat currency. In doing so, it becomes more than just a concept we love, it becomes real.

So help your mom understand why she needs it and that if she's buying, she might as well try to use it to buy some stuff online too. Send some money overseas, pay for a new miner, do a little day trading, open up a shop and only accept BTC, the sky's the limit.

xhoondilan

member

Activity: 168

Merit: 10

I think you mother is also interested in internet and social media, not all person on that age wanted to invest bitcoin especially you don't expect the positive outcome, I admire your mom that even in that age still thinks positive on bitcoin, not like the teens today that is very negative when endorsed to bitcoin because of it's unstable price, so now Bitcoin is began to expand even in elderly people, more and more people will began to use and invest bitcoin sooner.

qiman

hero member

Activity: 1036

Merit: 504

My wife is 52 and I 61 years old and it is because of my Wife that all the family knows about Bitcoin and Altcoins. Her 22 year old son did not know anything about Bitcoin until his mother talked to him about it and now all her family are interested in some capacity because of the education she gave them. My father in law has also invested 1k USD in Bitcoin and now he has 20k USD worth of altcoins in value, so his money has grown over 20 times in less than a year and he is very happy about this, thanks to my Wife who found the coins for him. We wish we had done the same, but at the time we had no money to invest, but we have some holdings of coins, growing slowly from our earnings. My father in law is 80 in August, so it is never too late.

bitadviser

member

Activity: 203

Merit: 17

it is never late i think, and what about legacy? we have to think about it, how to pass they keys to our childs for example, anything can happens, thats life, so our coins can be lost forever Sad

Conal Garcia

newbie

Activity: 63

Merit: 0

Me too, my mother is 60 and she wants to invest in a bitcoin of $ 100. I say: invest $ 1000 instead of $ 100, but invest in this mother.

Dalziel Martinez

newbie

Activity: 30

Merit: 0

How old can still invest well, but apart from knowledge, luck is also an important factor.

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