My mother is 70 ... - page 4. | Bitcointalksearch.org

ahmad21

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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.

Yes it is good to hear the people of that generation are not resistent to any change in the system. I hope there are many more people like your mother who welcome bitcoin with open arms. She wasnt afraid to invest even after considering the volatility of the coin.

posi

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Quote from: Iranus on October 31, 2017, 01:56:12 PM

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

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

What's this obsession that people have about "going mainstream"? Can't it just be what it is, an experiment in cryptography, and then find out what it becomes used for? Especially when the idea of "going mainstream" is just putting money in it, not actually doing anything with it.

Well, I don't pray or want bitcoin to stay as an experiment cryptography cause if bitcoin don't move forward or stay as an experiment cryptography the price wont have reach the ATH $6400 and it will do bitcoiner more good if bitcoin go mainstream.

Ridwan Fauzi

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I think at the age of 70 it is very common to say invest 30 $. There are still many in the age of less than 70 who do not know bitcoin, it depends how we explain that bitcoin is a good way to invest.

legendbtc

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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.

That is good sign because even 70 years women understand how potential the Bitcoin is. Don't hesitate to invest in Bitcoin but most important thing is invest the amount that you may loose also it should not hurt you.

NelfiNovita

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my mother is 50 years old, she never knew bitcoin before until now even she did not know for what bitcoin use. I hope to get more btc so I can give him money for his needs.

CryptoBry

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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 volatility 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 understand your concern for her but it seems to me that she already has the basic understanding of how Bitcoin works that's why she insisted even after explaining the possible risk. Anyway, it is just $30 win or lose it may not amount that much unless today is 2010. I am suggesting that you tell her to explore more about Bitcoin and make herself a learned old woman on this aspect as we certainly need more seniors in this side of the planet. The more the merrier as they say...don't listen to negative comments here they are just naysayers.

thenameisjay

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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'm kind of sad about this because people will just abuse thr volatility of the price and not take great interest about bitcoins. Grandma just knows that bitcoin's price increases steadily and just place money on it and bail. At least teach her whay bitcoins are and make a literate about it, not just some blind investor.

jseverson

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That's really cute. $30 is nothing in the grand scheme of things, but with more people like your mother, it can really add up. People don't even need to put in a lot for Bitcoin to gain traction.

I always tell my friends that if they put in money they can afford to lose anyway, then they're not truly taking a risk. The growth would be quite negligible, but at least they'll experience the technology and that might convince them to invest more in the future. People should not be making massive investments right out of the gate with nearly no prior knowledge of what they're investing on anyway.

alfstep

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Not really a good thing from what I read
She wants to risk her money by giving it to you to invest not by herself

To me sounds like you explain the pros alot more than the cons Grin

artemiy

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Why the mainsteamity is bad? In my opinion it will attract more investors, what is really good

GreenBits

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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.

LOL, at least this isnt the "I invested all my gmas life savings into btc at a peak" (although now that I think about it, that bro probably did pretty good given the markets performance)

Well, if your ma is aware of bitcoin at 70 and actually interested in parking any amount of value, then this just might actually work LOL. You see, old folks imply do not fuck with newer financial technologies. My grandmother is like, deathly afraid of ATMS and Point of Sales terminals. She thinks when she puts her pin number in, they are going to make a copy of it and steal all of her money (she saw one of those news specials about the skimming machines). She will park and go into the bank, so the tellers cant steal her pin number as well Wink

So if that school of thought can come to grips with bitcoin, we may be more widely adopted than what I expected we would achieve so far.

Vod

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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.

This tells me your grandmother trusts YOU, not bitcoin.

katinko

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$30 is not good amount of investment in bitcoin, tell it that much better to spend her money in the thing that makes her happy since she is old already and near to lay besides of our creator she must enjoy her every day living and dont think to earn anymore.

ipanks

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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 she wants to test you and how good investment you've follow and i think she don't care about the results. i think you can use that $30 to buy bitcoin and send it to her wallet and tells her that she don't have to do anything with that bitcoin, only keep it in her wallet for some period of time. i see you explained about the volatility but she still wants to put in so what you are waiting for? just go buy bitcoin while its not to high now because we don't know what will going happen or if you can be patience for a while, i think you can wait until this november because i think we can buy bitcoin at lower price and i think we can do it with correction price.

Coin-Keeper

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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 it was me I would cheerfully accept the 30 dollars and then if things went "south" I would personally take 30 dollars out of my pocket and make sure Mom was whole. If she wanted to give my 30K that would be a different story.

mrcash02

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Quote from: grermezter on October 31, 2017, 05:47:03 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.

I think she is rather being cautious and testing the waters before hpushed dips into it fully, I say your mom is rather very smart and if a lot of investors follow her method , they wouldn't be complaining about how they lost all their money on an investment because of a hearsay.

That is a good strategy to try the investment... If it's good I'm sure she will want to invest more later. Good that OP explained his mother all the risks, she is aware about everything and still wants to try. I don't see so many open minded people at this age like his mother.

If he is able to take care the money very well I'm sure it will be a success, the investment will grow and she will want to invest more, also maybe she could introduce more people to Crypto-Currency world from her friends circle.

planewhat

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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.

She won't hate you as much for losing her $30 as she would love you for getting her a lot more, just my two cents. Tongue

lazygin001

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Good for your mother Grin

In my country even TV series started talking about bitcoin and pretend to use it in the show. That shows how much attention bitcoin is getting in the society today.

Bamelin

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Well she did ask me to explain it, but I don't think she totally understood the tech. Regardless she knows her kids have invested so she wants to throw in a bit I guess hehe.

They won't be investing their life savings or anything, but they do understand that this is a very early market.

I also explained the volatility of the market.

BotICO

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That's so cool. Spoke with my dad and even though he thinks it will become mainstream he thinks it will take way too long.

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