Bitcoin Forum

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Lol my father does have some Bitcoin.  I told him to buy, but he did a terrible job and bought way later at terrible prices.. he wanted to sell,  I stopped him, and now he is in profit but just a little bit.

Anyway, Bitcoin is way more common in millenials and Gen z.

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I'm trying to convince them, for now they're not yet convinced but they don't mind me buying a small portion of bitcoin from my salary every payday so hopefully when the big price pump happens, I'm going to have a lot of profit that would probably convince them, I try everytime that I buy bitcoin to let them in on the investment journey but so far they're not yet convinced with how I deal with bitcoin but I know that I'm getting to point soon, they're complaining about them nearing their retirement so I know that it will eventually make them come to terms that they will have to buy those bitcoins for their safety against inflation.

My parents didn't even know about crypto until I talked about it with them. My mom finds it very difficult to understand the whole thing, as she is not technically enlightened. Even my dad, who has asked me questions a few times about how it works, is still not convinced as to whether it is worth his investment. 
 
My parents are the type of people who believe in what they can see with their eyes; they are both entrepreneurs, yet they find it difficult to invest in Bitcoin.
 
I'm the only one with my other siblings, who follow after me and have at least some basic knowledge of Bitcoin and are also holders. Buying Bitcoin might be the last thing on my parent list right now unless I'm ready to sign that whatever the outcome will be, I will take full responsibility, which I'm not ready to do.

I did my best and somehow convinced them to invest into BTC during 2020 and though they weren't thoroughly convinced but they ended up investing into Bitcoin and my bad luck they witnessed the bear market, balnes me and end up selling it off. I have stopped convincing them rather i do convince my peers and other member my age group. Sometimes it's better to leave them with their traditional investments they don't fit in here.

My parent is not into tech or any online activities due to their age they both dont see anything special about Bitcoin but that may change in the future though and if the change happens the only person I strongly believe will invest in Bitcoin is my Dad based on his curiosity about new opportunities which I believe is the gene I get from him.

Actually my parents are not into crypto investment and I'm not even sure if they will be interested maybe if I tell them about bitcoin, I'm scared to tell my father about crypto investment due to what is happening in the internet, though he is awere of this internet fraudsters but with his level of understanding I don't think if he can go with it the right way.  However with the way he sounded the last time I told him about crypto investment I think is not yet ready for it, so I just decided to let go of him since he's not yet ready for it.

None of my parents invested in bitcoin even till now that I told them, they refused. I was able to talk to my uncle and he bought the idea of investing in bitcoin which he did.

My journey in crypto started all by myself when I was introduced to bitcoin in the early 2019 during the Covid pandemic. I introduced bitcoin to my family to see how it can add impact to their lives just as it did to mine, and I am happy that my siblings bought some fractions of bitcoin.

Nope! They are all retired and living a comfortable life with their savings. So they simply do not want to invest in something that is risky. The only investment they have is Bank deposits.

Also it's a little more technical than they can manage to control by themselves. I had tried to explain them about bitcoin. But my dad was worried that I will be asking them to provide money to invest. That's why they didn't bother to listen.  :P

Our parents do not have to invest on crypto as a must even though we are into crypto and that same decision does not have to affect the way we are holding or journey on bitcoin for anything, business has to do with each individual adoption potencies, whereby they can uses such as a means to use in standing against all odd in their financial economy, if they don't see the reason and positivity for adopting bitcoin, it will always be of no relevance to them, so its something we can start from somewhere if we really want to get others around us involved in bitcoin, then they must see the reflection in how we leave our lives.

I live in a country where Bitcoin is completely outlawed by the government and anyone directly or indirectly investing in Bitcoin is punished if the government finds out. In this situation it seems unlikely that my parents would have any knowledge about Bitcoin so my parents do not know anything about Bitcoin for now and have no opportunity to know. So my parents couldn't invest on Bitcoin.

No, my parents do not invest in Bitcoin because they don't even have a clue how it works, and I'm pretty sure no day will come when my mom thinks of something like that. 

Just my younger brother, who is more enlightened on it, does. But I believe that with time, my elder brothers will invest.

All they need is to be enlightened on how it works.
As for me, I'm investing sooner.

Hard to convince old forks to eat new foods, it have to take a lot of time, talk and profable results for them to be convinced just a bit, and doing so may be late in such situations, although the pick interest either one ways or the other as long as we keep pushing our Bitcoin activities and usage to they face, in terms of investment, I think some of our parents are late to invest in Bitcoin now considering the level of finance and how much Bitcoin is cost at this time.

All that I think they can do for now at least in my own situation is just to have basic knowledge about Bitcoin and the technology just say the have knowledge on how we make money through Bitcoin investment and trading or any other activities that engage with Bitcoin to generate income.

My parents never really knew what crypto was and what BTC was because they only knew about one investment, namely gold and it was natural that they were already old.

What motivates me now in BTC is that the pattern of making profits is simpler and shorter than what my parents invested in and the pattern is very similar to buying gold, only the duration is different in terms of profits.

BTC is digital gold for now.

My parents are old and even struggling to come to terms with some modern facilities. My parents do not even find it easy navigating through their own phones, I do not think they are capable of investing in bitcoins at their age because they are not tech friendly. They are more focused on traditional investment that they can physically monitor.
I would have been a happy though if they were investing because to have my parents investing in Bitcoin would have been a huge encouragement for me and I believe that I would have started earlier since they would have been a big influence from a young age.

You should probably have put your op better, i believe you want to know if older people around us are interested in BTC and if they also buy some coins for themselves. This will depend on the part of the world we are talking about, in my own opinion, it will be harder for older people to get involved in BTC in third world countries, or in locations where education is poor, and there is little or no literacy in tech or the digital world.

However, even if older people in some parts of the world understand what BTC is, it would be hard for them to trust it or to buy it, they will most likely call it a scam and stick with older forms of investment that they are used to.

Hmm, in straight yes, my father is an active accumulator of Bitcoin from his monthly salary based on the Buy the Dips strategy and DCA as well, you can say a hybrid technique to accumulate which is more efficient in my view as well. Yup, my own journey started after getting inspiration from my father although he knew just the basics TBH, he was the first motivation for me to start exploring this space, and now Alhadmdullilah I know a lot, and on the way to grabbing more and more.

He did buy some Bitcoin in early 2016 and sold them for some reason id don't know haha but know he accumulated after realizing the potential in the 2020 market.

Perhaps, bitmover already gave you the best of information you can get there.

But I will add my personal experience too. At my age, I'm very very young compared to the people I see here in the forum, although it's an anonymous forum but I still see alot of my parents age here. Since, I know alot of old people are here who are capable of having me as their children 10x then, I can say my parents ages invests in bitcoin.

But for my parents, Nahh.. I guess if I tell my mom to get some for her self as an investment she might if I'm able to convince her but for my father his in heaven 🕊️ I guess I would have gotting a lot of bitcoin in his portfolio if he was here, so basically the impact of this was negative in my journey with bitcoin.

Yes but only a few because I've told them to buy. But they are inconsistent and never bought again but they still hold that few amount.

Not really. I was just happy to see them hold just as mine but they're not the same interest as I've shown them. But it's fine, they're also like us, HODLERS.

Truth be told my parents are very poor in terms of technology and they are very little familiar with internet world. so they didn't know anything about Bitcoin and didn't understand that I asked them for some money and what I would do with that money, I dared to say that I would invest some money in Bitcoin. they laughed. So I didn't try to convince them anymore because I know I won't be able to convince them. my parents don't know about bitcoin don't invest in bitcoin but my kids can say that my parents invest in bitcoin, use bitcoin and know about bitcoin he he he....

My parents are not used to it they are not so ignorant about such modern technology. If my parents had experience in Bitcoin then when I started Bitcoin my parents bank account had  money which I could have invested and profited multiple times in the current market. I have called them several times to invest in Bitcoin but they have not heeded me they have clearly told me to invest my own income in such investments. However I can't get my family members interested in bitcoin investing but I am focusing on my own Bitcoin investment. I am a small investor I have some amount of bitcoins invested I want to hold it for a long time until I reach my main goal.

I'd be interested in hearing what constitutes "old" on here now.  lol.  ;D

Even one of the youngest on here from 2010-2011 timeframe (who is no longer on here at all) was around 17-18 then and so now would be early/mid 30s since I was never clear his precise age just around there.  For those of us who were older than that then, we are obviously 14-15 years old than back then.  lol.  Our kids would answer yes to the question posed above.

On a somewhat related point I did talk to people about it fairly often back in 2010-2013 (and thereafter) but there were the typical "tulip" comments, "it is too late" etc.  I made the point that if you spend your coffee money on bitcoin for a month or two you could end up with 10-20 of them at little cost, but few people did it.  

Convincing parents in terms of technology today is not an easy thing we can do and it is very unlikely that we will succeed in convincing them about crypto, because they are very comfortable with investing in real assets that they have known for a long time and it would be better for them We don't invite them to this risky investment which makes them anxious when they experience failure in the assets they invest in.
What you did was very good, because you didn't force your parents to invest with high risks if they invested and didn't understand it well and you preferred to focus on your own goals so as not to make mistakes in the investments they made.

even an older brother actually is not easy to make them invest in something they do not understand.

the easiest to do it is to let them buy from you with a huge discount. i tried installing a local wallet on my brother's phone just so he could try it out. but as long as they find it not useful to their life, they will not use the app either. they likely use the weather forecast app rather than using the Bitcoin wallet i installed. just means the old generation is not interested, i guess less stress for them.

Nope,. they arent that interested and they are close minded whenever you do mentioned into them about online stuffs and other potential investment. They are really that die hard
fans of those traditional investment like real estate or those physial real world business on which it isnt really that bad but knowing that there are other opportunities that could be found online
then it wont really be that something worth to test on. On the moment that they had that made out such rejection or showing no interest with Bitcoin or crypto investment then i didnt bother
myself on making some explaination to them but instead i do focus on my own and make money on my own.

It might really that sounds too selfish but this is how things works on which if you dont find yourself that being that wise on dealing up with things whether traditional or online opprotunities
then you wont be finding yourself on having that kind of success. We would really be diving any money making opportunities and this is whats important. There are really just that
people who are really that closing up their minds into those new opportunities on which they arent wary that it is really indeed possible.

My mum doesn't know anything about crypto but supports me to invest. She would say, "as long as it's not something that will rub you off your money, then it's fine. " I have not really discuss crypto with my dad but I think he has a little knowledge about crypto and has never ask me anything related to crypto anyday. My dad sees a lot of stuff I post about Bitcoin on my social media account and he barely ask what it is and that's because he is already aware but doesn't just give a fuck to ask.

bitcoin is one of the mega investment on earth right now if for example your parents accumulative bitcoin for you it is investment for you because nobody knows the future of Bitcoin tomorrow it might be that in future that the price of Bitcoin in value will be more advantages than the price of Bitcoin currently so I will appreciate when someone gather or accumulate bitcoin for me because cryptocurrency mostly Bitcoin is going to dominate the world in future reference everyone likes to invest in cryptocurrency because it is a decentralized currency so it is good for me to have investment more in Bitcoin that having a manual business

Nope. I don't think they know anything much related to stocks or finance, so getting them into crypto would be pretty hard. They know I'm doing something stocks-related though since they're aware of how my money just goes to somewhere every month without them knowing lol. Hasn't impacted me that much really, they weren't really that curious about it. My sis does some crypto-related stuff though. Idk anything specific since we don't talk/share about stuff like that though.

None of my relatives or family members don't believe in Bitcoin, even though I've been in the cryptocurrency field for 7 years and I don't have a job. They don't have any interest in knowing what I'm doing. Maybe one time one of my relatives asked me about Bitcoin and if it was okay? He asked me at that time because he said he knew someone who was investing in Bitcoin.

I just told him that if you only know what Bitcoin is and he can understand its concept, for sure he won't need to ask anymore, and he will definitely buy it right away. At that time, the price was around 15k for something of Bitcoin, and he said that it was expensive, so if he asks me again about this matter, I will just tell him that when bitcoin was 15k$, you were in charge, but it will be more expensive now because bitcoin is at 70k$. But if he bought at the time it was 15k$, he would have made x4 profit for sure.

My folks are getting up there in years.  Cryptocurrency adventures rank pretty low on their list of priorities, to put it mildly.  Getting them to wrap their heads around the notion of a digital wallet, much less invest in something as abstract as Bitcoin? That's a war I just don't have the energy to wage. 

They're set in their ways and  and I cant blame them - they came of age long before terms like digital assets entered the lexicon.  Heck, my dad still refers to the remote control as the clicker.  The pace of technological change leaves them dizzy.  To them email might as well be magic.    :D

Exactly, unless the older person is already into the digital world and has knowledge of how things online work, if not every one of them sees what's happening on the internet as a scam, I was even told by one of my uncles I lived with that they always see me online and talk about crypto. He always told me that I'm wasting my time online and doing what's not going to be beneficial to me. 
 
Most of them see anything online as a scam, and trying to convince them to invest their money there is just like asking them to throw their money away, which they will never buy. My uncle would rather use the money to buy cigarettes and bottles of seaman dry gin than sit down and empty them than put them on something he doesn't understand.

He sits beside me whenever I'm on my PC at his place... Dammnn!! Man wasn't joking the last time he told me about an altcoin, claiming it could be part of Bitcoin..Lol

He has pretty much a good interest innit; funny enough, he told me about this set of people that claimed to be crypto enthusiasts. They came around and rented one of the most expensive floors on a government residential building in the neighborhood for an office. He paid, got some mentorship and a little bonus in worth of coins before he told me anything. WTF?
Right now, since he's biblophilic too - he's done a good level of reading (with my coaching) and doesn't seem to relinquish.

Edit: meanwhile, mum sees everything that requires money like a scam! Hahaha!!

I will be so brutal but I will say bitcoin isn’t for too older people except they have been in the tech field Long term before. Buying bitcoin or cryptocurrency is just about the money for it but also ways to protect the wallet it stored on are most important. Yes I agree that bitcoin isn’t for just too tech savvy people but also you still need to have that basic knowledge before falling into it.

My biggest concern isn’t even the volatility of price in cryptocurrency, this some of them can handle if you convince them that it is a long term hold thing but the problem is them been their own bank they are easily vulnerable to common simpler phishing attacks like email attacks and can easily lose every thing to scammers which is worse than the price fall we all worry about

My parents know the term bitcoin, but they don't know beyond that. My mother knows it is a kind of investment that grows in value, and at times she used to ask me what the status was, whether it was on a rising path or a falling path. At times she used to say we should've invested earlier because I said about it and regarding the chances of growth years ago. It's been a long time since she asked me about the price and everything. If she comes to know about the present price of bitcoin, surely she'll feel bad for missing out on investing when the price was less than $1000.

No, well, my parents is in the era where they have no interest especially in internet stuff so even they heard or see about bitcoin they didn't attemp or no interest, even though they know that I do crypto currency stuff they dont have anything to say, they neither support or oppose me, its because they have no idea what I'm doing, all they know is that I become independent to them when it comes to financial, in my college days money and allowance is not a problem to be and that's why its okay to them no matter what I do in crypto stuff and also they sometimes taste the rewards that I'm getting in crypto stuff, I sometimes treat them or buy them stuff, and despite all of that they still don't have any interest in bitcoin but it is understandable and it will not affect me investing in crypto currency.

My parents give me maximum help to invest on bitcoin although they don't know much about bitcoin but they help me with capital if I want to invest in bitcoin. But I sometimes try to explain a little bit about Bitcoin to my parents and they are able to take some knowledge about Bitcoin from me. But let's mention one thing since we live in a country where Bitcoin is banned, it is illegal for us to openly discuss Bitcoin in an open place. So I basically kept my parents at home and taught them a little bit about Bitcoin. But the happy thing is that when I want to invest in Bitcoin, my parents are by my side instead of protesting.

No, they are very very far from my reach at the moment but I know that my momma would have encouraged me to invest more if it is something that will be of benefit to me in the future, but for my dad, he would have suggested I use the money meant for the investment to get a wife 😂 😂 😂 because the dude was so eager to see me his grand children from me before going to joining his ancestors but unfortunately, I lost my parents in the cold hands of death a long time ago.

I guess it makes sense: Millennials and Gen Z are in slightly different phases or their lives but they have a couple of things in common: they understand technology better then the previous generations and they are still in that age window that allows you to 1) have money 2) take some risks. The other generations may be too old to invest in high risk assets and the newer generations may have no money saved for investments.

Just a few weeks ago that I was in to a Bitcoin so am just trying to hold on for a little bit to learn more from high rank leaders, educated more about Bitcoin investment thread.

Well for me to convince my father  to invest in Bitcoin I believe that he will going to like my way to invest.
But mum she doesn't know anything about modern facility.
but I think she will like it too but it will be very difficult to convince.

My parent heard about bitcoin when it was still in its early age but due to their lack of knowledge in technological development and lack of computer knowledge, anything originating from the internet is termed as scammed and they’re scared of it and don’t even want to engage in anything like that. Fast forward to today when everyone now knows what bitcoin is, they don’t have that kind of money or even savings that enable get any and keep in a portfolio, they only had they knew, they could have bought some earlier because with this current price of them, they can only imagine it but can’t afford it anymore. They don’t ask about my choice of keeping them because they still feel sceptical about them even when they know it’s legit. The government is still making it looks some kind of a big deal not to engage in, so they are not still fully comfortable with it and even if they do, they can only imagine it but can’t be part of again.

My parents are not that educated, it was difficult for me to make them understand about Bitcoin. I gave my parents idea about Bitcoin many times but they didn't understand easily what Bitcoin is. I told my parents that Bitcoin price was very low in 2010, it has increased a lot now and will increase more in the future. At some point my parents got some idea about Bitcoin. But my parents are afraid to invest in bitcoin knowing about the risk of bitcoin, I explained to my parents that long term investment in bitcoin can definitely be profitable. But my father likes to buy land, he buys land only if he has money.

Looks like you want to add seniors to bitcoin.  Your initiative is very good.  It seems that investing here before retirement will make life a little easier for seniors after retirement.  Because parents become a burden to some children in old age.  Talking about parents My parents are not tech dependent.  But they have faith in me.  I made some investments here encouraged by my relative.  But after investing it keeps depreciating from an ATH.  But I didn't panic.  I am waiting  Maybe at some point it will give a bull run.

My parents are not very educated and it will not be an easy task to convince them. They are also far behind in terms of technology. Often parents don't want to invest in something new that they don't understand. They are more committed to traditional investment methods like stocks or bank deposits. Can't convince them that structured deposits in cryptocurrencies. The process is similar to bank deposits. You freeze the funds for a certain period of time and then get your interest.

My parents didn't invest in Bitcoin and didn't even know what Bitcoin was. They only hear about Bitcoin and don't look for more information about Bitcoin. I once told them what Bitcoin was, but they preferred to know. It is normal for older people to think that they are no longer interested in things related to finance or whatever. They just want to enjoy life in their old age without any burdens so they are not too interested in understanding what Bitcoin is. It doesn't affect what I do in crypto because crypto is different from the work they are known for so it doesn't have any influence.

Not. My parents never knew BTC and its technology, even though my parents are elderly and also have some savings that can be used for investment but I don't want to say that by investing BTC the results are quite rich and satisfying. Let him be busy with his own activities at this time. For myself, BTC is a big and exciting thing and it's a win-win solution in investing now and in the future.

No, they aren't unfortunately.
Heck they aren't involved in investing in general. They might've heard the most common investment here in our country which is the stock market, but Bitcoin or crypto? No, or if they heard it at least once, they aren't interested on it at all.

Both of my parents are considered senior citizens already, and correct me if I'm wrong, but in their early days, information wasn't that easy to spread unlike now that there's a thing called "internet" where we can just look at the information that we need in just a few searches. Back when my parents were at their 20's-40's probably, they might've haven't heard about investing since they live in the province area, and at that time, there's no such thing as internet.

I want to teach them this time, but it seems like they aren't interested on it at all. What's good is that they might not know investing, but they're good at real estate which - a thing which I'm not that good about. :D

No, they are waiting for our government to make Bitcoin legal in the country before they can start investing in Bitcoin, because they are type of parent who don't like to disobey the law of the country, because they know what will happen when government find decentralized currency in some accounts. I have imparted my parents about Bitcoin when i was living with them which I know that they have the knowledge of Bitcoin but they don't want to invest in Bitcoin based on their job, because they are still working under government which such thing is not allow to government workers. I know that after their pension, they will like to spend their pension funds on Bitcoin investment, because they know the type of wallet to use to hold such huge amount of Bitcoin for future purpose.

No my parents don’t really like bitcoin. They are mostly into the classic stuff like real estate and stocks. I can’t blame them though because they are doing pretty good with those assets. They don’t need to invest in crypto because they can already make money without taking too much risk. Living long enough has benefits like that because time in the markets always beats timing the markets. Ask Warren if you don’t believe me. He made majority of his wealth after he became an elder. He was kind if rich when he was young but as he got older, he became filthy rich.

Even we are waiting for our government to legalize bitcoin but it seems an impossible thing for some countires. Don't need to go in this details but i think most of the old parents aren't fimiliar with bitcoin and have no or little knowledge of it. This is particulatly true for the parents who are above 50. I don't think there is any resistance in adopting bitcoin from parents who are in thier 30s or 40s as they have the capitial to invest in bitcoin and they have the knowledge too.



The old people usually will limit thier activity under the rules and regulation of the country and this is a good habit. We should all obey the government rules but sometimes there are sitation where government tries to ban the basic right of people like investing and trading in crypto, and in case the govt. officials do this, then people will find ways to bypass the laws and do what is in thier best interest. Just like in my country where government is puting a ban on crypto trading (https://bitcointalk.org/index.php?topic=5487364.msg64113525#msg64113525)  :(

If your parents are already investing in the stock market then kudos to them, I don't really know anyone whose parents invest in the stock market. In their case I can understand why they are reluctant to invest in bitcoin, they are already getting good results, why should they take bigger risks? If it ain't broken, don't fix it, this is their case.

I don't see how important this is, my parents are no longer young that they should be bothered about their future life infact soon they'll depart this earth to a better place so they shouldn't be concerned about what they future holds for Bitcoin to invest in it. My father has owned some Bitcoin but he'll soon sell them and I'm not against that, what he should be bothered about is getting the best out of life before it's too late. The age bracket that should be investing uncontrollable are the youth, technically we have the future ahead of us and need to be financially prepared for it and by investing in Bitcoin we're doing that.

Our parents investing in Bitcoin is less important compared to us investing in Bitcoin or other youths in our family. My parent did invest in what was valuable in their youth years and it favoured them to have a better life for their children. I'm to replicate that by investing in Bitcoin and other valuable assets that I can depend on to make my future journeys relax and not still struggling because I didn't do what was important when I was a youth but wasting my time chasing pleasure. My father owns some Bitcoin but he isn't serious about it like I'm and that's cool.

My father died early and mother also died before I picked up the interest to invest in Bitcoin, although I had the opportunity to discuss with my siblings when I realized that Bitcoin is the way forward in long term investment, but they're still being pessimistic. I think that they are still satisfied with other investments that they are into, not cryptocurrency. I believe that Bitcoin and cryptocurrency are not investments that you can force people to enter, because I don't think that it is for everybody, despite how lucrative that we think they are.

Well, they actually do not invest at all. So I made a decision to invest on my own. But they know that I have crypto, the asked a few things, but they do not show too much interest.

For older people, it is very difficult to believe in Bitcoin investment, they tend to look forward to old age and invest in real estate.
I also experienced almost the same thing but my parents are still around but they are not interested in investing in Bitcoin, now they are enjoying their old age and thinking about their health and I think that's normal.

If we look now, the average person who invests in Bitcoin tends to be young because they believe in a profitable future, whereas for older people, maybe if they have a lot of money they just want to buy several houses or land to pass on to their children and grandchildren.

Well in my opinion, land is also a very profitable investment and something I would want to invest in in the near future. If your parents are not that young anymore, I honestly do not see the point of forcing them to understand bitcoin. If you are an adult and is capable of investing in bitcoin all on your own then you can just do it yourself and not have to bring your parents with you.

It seems like they really don’t understand it anyway so just do your own thing. As long as they are not putting their money in unnecessary trouble then I think that’s okay to not worry about them understanding and investing in bitcoin.

Left with just one parent and trying to convince my mother to invest in bitcoin iis not something i have thought of because i know the kind of person she is and i wouldn’t want to add to her problems because she is not emotionally okay to invest in something that is volatile, she is that kind of a person that will be easily bothered over little things then just imagine how she would react when the price of bitcoin is falling and she seeing her money dropping gradually.

She have once told me about bitcoin and asked me how legit was it and that she heard her co workers talking about it and she would like to invest if it’s not a scam then i told her everything about it and how it works, she only after the profit and didn’t really weigh the risk involved and she only wanted to invest for a short period that she wants profit as soon as possible. From her response i knew she wasn’t ready and she won’t have the patience to withstand bear market and considering her health issues i wasn’t ready to put her into it. I finally concluded not to let her invest when she said she want to take a loan to invest.

Even now my parents don't understand what Bitcoin is and how I can get it lol. However, there is one habit of theirs that I imitate, they like investing in gold from a young age. I saw that their habits were very worth learning and it was enough to motivate me to invest in Bitcoin. Their consistency and habits made me understand a little about the correct way to invest in an instrument.

I am sure that for us that are not part of the newest generation wouldn’t have parents that are technologically literate. They can barely understand facebook, they wouldn’t have the patience to understand bitcoin let alone actually partake in it.

Once millennials and gen z start having kids then we’d have a whole new generation of kids that will grow up with exposure to cryptocurrency. By then we’d be able to understand what kind of effect does having early exposure to cryptocurrency would have on children.

I've attempted to persuade my father multiple times, but without success.  Back in 2017, he regarded it as a Ponzi scheme and a bubble.  When I mentioned in 2020 that we would likely see another All Time High soon, he remained skeptical and predicted a crash.  Then, in both 2022 and 2023, I informed him that it was undervalued, and I felt sorry for him because he seemed convinced, but lacked the funds to invest. 

Presently, our relationship has improved, and I believe I've managed to open his eyes to the potential of this investment opportunity.  However, his income isn't sufficient for him to save anything substantial.   :(

What? :) If the words "blockchain, crypto, bitcoin" were said at the same time, my parents would think that someone was trying to summon a demon. :)

In my region, for most older people, investment means buying real estate and a bank account with meager interest. What can we say about thebitcoin if parents are lost in navigating the smartphone, and the PC is the technology of past highly developed civilizations? :) Most parents (of the older age group and not only) are like this.

Absolutely not.

Parents are very old fashioned and tech is not their friend, they prefer old methods instead of new ones. I managed to believe my parents that Bitcoin and some other cryptocurrencies are a good investment method but they simply don't trust it and they are afraid that what if I want to withdrall all my coins and price is low during the withdrawal time? This is what they are mostly afraid of. Btw they are smart enough to understand that one of the biggest positive side of Bitcoin is that you are your own bank and no one can steal or confiscate your coins.

Correct me if I am wrong but I assume you are at least 25+ years old and your father is a bit old. Don't take it wrongly but I think that it's a good achievement that your father managed to buy Bitcoin himself if he is 40 or 50+ years old.

Bitcoin is much more risky and volatile than stocks, so if they are profiting well from stocks alone, I guess that would be enough for them since they don’t need to take greater risk to achieve greater returns. I bet they are not young anymore to get involved with high risky investments as they would surely become more impatient about it most particularly in bitcoin where its price often fluctuates. You can still educate them about bitcoin but never expect them to bite about bitcoin investment.

Bitcoin is not the only investment in the world and everyone has their own choice, we don't need to be sad or force anyone, especially parents, they belong to the older generation and investing in bitcoin is really not suitable for them.

In addition, I disagree with @Bd officer when he asserting and certainly investing in bitcoin will always be profitable in the long run. The future is unpredictable and we have no proof that what we say will happen, so let's not swear or guarantee things just because we want our parents to invest in bitcoin.

Imitating our parents' way of investing will of course be very good, even though the investment we make is different from what they do, because each era will of course have a different way of investing in the past and we can imitate them from the way they invest consistently. as you said and now choosing to invest in Bitcoin is of course very good because this will be very useful for our future.

My parents don’t know anything about crypto or anything concerning bitcoin and I don’t even bother to introduce it to them because I see it as if I do they won’t believe it and instead of doing that to convince them to do something they won’t do I will rather leave it, my parents are not the kind of people that are very educated about technology, although Dad knows he never knows anything about bitcoin, some parents struggle to make money to buy what the family will eat in a day and it will be very difficult for them to invest in bitcoin, some of us come from a poor background and if we convince our parents to invest what they have to invest it can lead to another problem.

Bitcoin is not a short-term investment and we know our parents are not going to accept that unless the parents have another source of income, in fact it will be very difficult to convince a parent to invest because they are not as well educated as us, some might later agree with your decision that he will invest because of the profit you mention in the investment but ones that they see that the investment is taking time and  if they didn’t see the profit coming they can even got angry and start having a negative reaction that they have lost their money.

They don't know the term crypto or more specifically bitcoin at all and my parents have never made a decision about this in their lives.

Personally, I have never been affected by this and I know about the crypto world from other people. I also never discussed investing in bitcoin with them because I was sure they would never be interested in this system. Our parents were more interested in buying gold and land because at that time these two things were the safest in their opinion. Overall, these conditions did not affect me in investing because I had my own views when I was involved here.

We can't force everything, even if it's our parents, because the changes that occur will definitely follow the times. Now we are in the era of the crypto industry while our parents were not familiar with this system. So let each period have a story and focus on reaching the stage of perfection to achieve financial freedom.

My parents didn't understand bitcoin, they knew a little but didn't want to try it. My parents are too old to know or invest in bitcoin. Once when I explained and offered my parents to invest in Bitcoin but they preferred to invest in property. Even when the price of bitcoin was high and I told them, they answered that they were too old to learn bitcoin and the risks were too high for old people like them. Yes, I understand if their mindset is like that because maybe bitcoin was not created in their time.

        -    The luck of the other members here is that they also have their parents with them in holding Bitcoin—in short, parents who are also open-minded about the field we belong to.
It's a great feeling to be with them in the process of holding Bitcoin.

That's why I'm not like that, although they let me do what I do because they see that I can survive in bitcoin and cryptocurrency. But they never had an interest in what I was doing.

It is very difficult for illiterate people to understand about digital currency Bitcoin which I understand. My parents are uneducated and very little familiar with technology and internet for which they did not properly understand the Bitcoin relationship after spending a lot of time explaining it to them.

Actually when my investment was going on for two years I convinced them to invest in Bitcoin but they refused. I pushed my parents a lot to invest in Bitcoin and I told my parents if you invest your money in something and then invest it in Bitcoin you will get double money from it if you hold it patiently for a long time. They asked me for time to understand even agreed but there was a disruption that they used the money to buy land later which made it impossible for them to invest in bitcoins.

My parents don't understand crypto, because that's the model of conventional parents. they don't even know where I get the money, because it's difficult to explain to them. Once when I was able to build a house, it actually made them worry about where my money would come from, because they were afraid that I would be in debt, I just stated that I got a fortune, from work that I often do until late at night, because it is impossible to get a salary as an employee.

Nope, my parents doesn't have an investment in crypto although they are aware of it.
They also know that I am earning from it, I think they just don't want to invest in it, they just want to enjoy their life, and I am not against it cause it is their money.
I don't really like to force others to invest in crypto just because I am earning on it, I know how risky it is that is why I would just leave it up to them if they also want to invest or not.

Wow! Nice to hear that your father invested in Bitcoin mate because my parents have no idea what crytocurrency is, as I am the only one in my family and relatives who are into crypto and I never encouraged them to jump-in as we all know how risky it was to be in this industry. I also don't like pointing fingers whom to blame when they messed up on crypto so yeah I just leave it like that.

Many of our parents are quite old already and they don't understand these kind of things. If you tell them to invest in Bitcoin, they'd probably say that "do it for me" and that is because they no longer have the capacity to understand things. Let's all think that the majority of our parents are like Warren Buffett. Who likes the conventional way of investing and have no interest to the new types of investment vehicles like Bitcoin.

You can still have that loan even if you're a salary guy but that won't be the same as how much you're going to have with how you're able to build your house. But nice story.

I have been educating my parents about bitcoin way back then. But I don’t have plans to encourage them to invest in a high risky investment like bitcoin. They’re both senior citizens so it’s hard for them to control their emotions when they see their investments are falling. And the fact that both of them are taking heart medication, so it’s really not advisable for them to enter into investments that would risk their own condition.

And I think not having them in crypto is quite a relief for more. At least I can focus on my own investment most particularly in times of a tough market that is quite risky to deal.

agree At the age we are now, our parents are less likely to be interested in Bitcoin. But our future generations will see their parents with Bitcoin  Bitcoin is attracting most of the youth. Because it is an invention of the modern world. It is hoped that in the future it can become a popular means of payment solution like paypal, payoneer etc...Bitcoin is an investment place that can yield huge profits if invested and held.  So it is spreading a lot day by day

What kind of experience I experienced with my parents who didn't understand crypto. But I started telling them what crypto is and where my source of income comes from even though I also work as an employee in one of the offices where I live. My parents now know that I have a side job so understand if I earn more it comes from earning crypto. It was easy to educate my parents because they have an open mind and also like the world of the latest technology.

My parents are not in bitcoin because they are enjoying their old age right now so for now I am in bitcoin not because of my parents because even my parents don't really understand what bitcoin is. But with this condition I actually become more enthusiastic to teach my younger siblings and family to look further into bitcoin.
This is not an imposition but indeed just a suggestion because after all things like this can be a good situation apart from making me have a storytelling friend who is of the same frequency, I also do this to make my little family more able to understand what I am doing now.
As for my parents, with their current age, I will not make anything to change their views, especially to invite in bitcoin because I think they only need to enjoy life properly now the rest does not need to think about anything else because retirement age should be used as a redemption for their previous time when working hard.

Certainly no. They hardly understand the new technology nowadays and since bitcoin investment requires it, they find no reason to engage in bitcoin. And I guess that’s not a missed opportunity for them since I don’t want them to get bothered and pressured in making their investment works.

I can always invest for them because I know whatever amount of profits I can get from bitcoin, I also make it sure that my parents can benefit as well. They raised me well and put me in a position where I am right now, so it’s time for me to give back and offer them a good life that they deserved. And I guess this will be highly possible with bitcoin, not for them to invest since they’re old enough, but for me to focus on it and make it certainly work.

Just like we know that Bitcoin is still in the early stages and many of our parents might see no reason to invest in Bitcoin but rather watch their children making money from it. I think as we are investing in Bitcoin that's better rather than to compel our parent to also invest their money when this might not still under what Bitcoin is all about. If we have a good start as a Bitcoiner, we would understand that Bitcoin price would still do better in the market rather than waiting for too long for the price to go bull before we invest our money. The market is quite moving gradually and I hope to see green candles moving up.

Same as mine, they're currently enjoying their grey days, but lately my mom is beginning to pick interest in Cryptocurrency she's seen what I've achieved with it and has got prove that investing in Bitcoin is a very good idea, before the  just concluded halving my mom came across some posts on Facebook concernng it and out of ignorance she asked if it was relating to the Bitcoin am into, and if it would make her very rich we both laughed over it but I laughed harder because that's an ignorant person speaking. But I was impressed afterwards cause she showed interest and asked me to explain what Bitcoin is all about. My parents are hard working and  business minded and I'm pretty sure if Bitcoin reigned in their youthful days they would've been big investors in it, my dad in his youthful days was into Real Estate and had several landed properties while my mom was a government health worker and owned a clothing store. And with the questions they been asking me concerning Bitcoin currently I believe they would've seized the opportunity to invest in it when it came out if only they weren't ignorant of it.

Sometimes the problem is not being illiterate, it's the generational gap the problem: in the last 30-40 years the world changed a lot, and it changed extremely quickly, and for many people there are just so many new complicate things coming out one after the other that is difficult to stay behind everything. The younger generations are born using certain tools so they don't need to actually learn how to use them, it's part of the process, just like you learn to walk and talk pretty much: you learn without realizing you're doing it.

I agree with you, it would be better for us to invest in Bitcoin and it is not easy for them to learn about this investment and it would be better for them to be able to enjoy their old age by relaxing with their families and also most of those who have I think old people will be lazy to think about investing because the best way to invest in Bitcoin is to be able to hold it in the long term in order to make a profit and for those who are old, of course they can enjoy the results of what they invested when they were young.

Of course, there are a large number of those who are old and will be lazy to study what is currently emerging so they still choose to do what they usually do and for now it is very different from when they used to invest in real assets, so they will choose to invest as they usually do, but if they choose to invest in Bitcoin which has high volatility of course this will make them worry and could make them anxious and I don't think this is good for their health.

My parents are retired and at old age. My children might ask me whether I had invested in bitcoin in the future. Even if I had done several mistakes like not investing when it was cheap or selling it too early, I plan to keep some for my kids with no plans to sell whatsoever. That's why I'm doing my best at accumulating bitcoins for my future generations so that I don't get blame for missing out even when I was technologically literate. Even in the worst case scenario, bitcoin would be 10 times as valuable when my kids are at the age of asking about bitcoins.

my parents are quite old, and leave all forms of business to me. So, in general, he does not invest in bitcoin. After all, I just want him to enjoy his old age with what he has worked for since he was young. However, he knows that I'm learning and invested in this, so the investment he's making is raising me and making me take care of this.

You should have asked if my parent know about bitcoins. As it is now, even if I will think of explaining Bitcoin to them, it will be a one year project which I do not know if the project will succeed. Anyway , my parents are not into bitcoins , my bitcoins journey came from desire to end low quality living. Relating with people who are into bitcoins exposed me to bitcoins.

Same here. But my parents trust me a lot that I won't waste money and always make potential decisions so when I invest in Bitcoin I tell my parents about it even though they don't understand much about it but they always support me. Bitcoin is not something where there is a risk of losing all of the money invested. If you invest here for long term, the chance of loss is very less. once someone understands this, he will definitely be interested in investing in Bitcoin. no matter what age he is

You don't have to rush but you also don't have to take long because I know for a fact that most of the time, you can easily explain the stuff that they need to know and most likely, they're not going to be trading so they don't really benefit too much when it comes to talking too much detail about bitcoin, they'll just hodl so make sure that you focus on that one rather than digress over and over to the information that they don't need to know. I definitely would agree at your last statement that being inclined with bitcoin, you'll need people that share the same passion as you but it's different with your parents, they will either have a hard time believing you're right or they will not listen to you and say that they're in the right. You also don't need to persist them, sometimes when that happens, it will just make them go away from you and not consider your proposition.

My parents don't invest in Bitcoin and they also don't know about Bitcoin because my parents are just a mother who doesn't have any knowledge apart from being a housewife, and my mother can only enjoy the profits I get from Bitcoin. And besides that, the long-term Bitcoin that I do is not only for my family's future, but I can also use it for my mother's expenses or needs in her old age.
And when my father was alive, he knew about Bitcoin and he really encouraged me to get involved with Bitcoin because he felt enjoyment from the profits I made while he was around. And when my father was sick, I also relied on the profits I made from Bitcoin for hospital expenses for more than a year. But unfortunately God had other plans and finally my father died, so for me Bitcoin is a very useful thing and can help me a lot financially when I really need it for sudden needs and also for the future.

My parents never wanted to invest in crypto, they are quite orthodox, they don't believe in things called investments, they only believe in gold and property, but this doesn't affect my journey in crypto, I am very happy investing in crypto, even the majority of assets I own owned in the form of crypto (which dominates is bitcoin), I am sure that in the future bitcoin will continue to experience price increases, that can be guaranteed.

Tell them that Bitcoin is money and they're going to easily understand what is Bitcoin then.

I think that most of our parents don't really have interest in investing in Bitcoin because they don't understand it. But once they start to know what actually it is then, they'll have the idea that it should be one priority for their assets because we're living in a modern age where technology advancement is vast and progressive.

No one can stop that innovation and Bitcoin is part of it as blockchain technology is emerging and cryptocurrencies are growing. But out of its growth, with so many cryptos out there, they should know first and more about Bitcoin before they go in the depths of it.

It all depends on age and perception of the modern world, its trends. This question about the possibility of parents investing in cryptocurrency cannot be considered unambiguous, since my parents are well over 60 and they generally have no desire to bring anything new into their lives. but at 45, I have an understanding of the prospects for using crypto and its benefits. And younger people already live like fish in water in the world of crypto and everything that connects them. This trend will only improve over the years.

Actually, I have been recommending this to them (my parent) for a long time, but if you think about it what they need when they are old is no longer investing in assets with high volatility but they need to invest to ensure their health. Therefore I have decided to no longer recommend Bitcoin. Meanwhile my oldest brothers until now have almost all invested in Bitcoin because the first one suits what they are looking for regarding investment and in Bitcoin they don't worry about taxes. The 20-45 year age range for investing in Bitcoin is still attractive but that is not a specific benchmark. I only pay attention to the people closest to me after providing education about Bitcoin investment.

If those who have parents who support them in what they are doing in the Bitcoin industry are envious, then they are also investing in Bitcoin with you. That kind of parent is very supportive. But most of them really don't understand what we do in this industry. 

I don't have parents, but I have many relatives. That's why they don't believe in what I'm doing, even though they know I've been here for several years in the crypto business I'm in. Although they don't say that I'm doing it badly,.

I think it is great that you are making your own decisions about investing in crypto even if your parents do not agree. You are not letting their doubts stop you and that is very confident. You really like Bitcoin and it is clear that it is big part of your investments. While all investments carry some risk, it is OK to be hopeful about Bitcoin future because of how well it has done in past. It is awesome that you are investing in what you care about.
In my case brother my parents illiterate and they don't know about Bitcoin. Even in my family no one knows amd now I told them and they are now getting interest in Bitcoin. My Parents still don't know about that and they also don't want to know. And they are much older and my parents you can't believe that they even don't know how to use mobile. So how they know about Bitcoin or will show any interest about Bitcoin.

Yes the world has changed very very quickly in the last 40 years. As I remember when the internet was discovered, and the Google search engine was created, the emergence of Facebook and YouTube, until entering the era of social media and the opening of new types of work that utilize social media and the internet, all lasted around 30 to 40 years. Our parents who may be 50 or 60 years old have experienced a very fast developing world that is different from what they experienced in their childhood. I mean the current generation has adapted to this fast world since childhood. Because of this, we know what is called gap generation.

My parents also didn't know about bitcoin. They don't even know how to operate social media. They only use WhatsApp because of necessity. This happened because they were no longer able to adapt to very fast changes because they were already 40 years old when the internet started to spread widely in my area.

But they support their children to learn. They don't teach us the way they used to learn, but they teach us to learn according to current world conditions. That's why I know Bitcoin, this forum and some things about the internet.

I think that most of us who are members here in the forum are not supported by their parents; it seems that they just let them do what they do. It seems like it's the same with me; they also just let me do what I want to do in this industry.

My parents also said that he would like to understand that I am doing this; he is too old to do this, and he is leaving it to me because my mother knows what I am doing because she knows that I have not been an employee for several years. but I can survive because this is all I do.

none of my family plays crypto, but my online friends taught me what crypto is and what you can get from crypto, that makes me motivated to save my funds in crypto

Broadly speaking. not. My parents love gold investment and currently I have aspirations like they also invest their style but in digital gold which is BTC

I would hold BTC exactly like my parents did when they invested in gold. After the time comes, it will be wonderful to discuss with them about this investment.

So, the principle I do invest and than tell the results. :D.

Envious meaning they are jealous so if they are having that feeling then for sure that they will not support there child because that feeling is so negative. But I think you just use the wrong word for that, but still I understand your point. Also its expected that they don't know about what we are doing or investing since they are old and maybe outdated about this.

Your relatives maybe don't believe what you do since they don't understand about it also they didn't bother to learn since what they want to do is those traditional way to earn money and they are not open to learn something new since maybe they think its risky to them. If they are showing no interest about it then don't feel bad if you have certain feeling like this and try to understand that maybe for now investing or learning bitcoin is not for them at the moment. I also don't bother my parents to learn this since I don't want to get stressed. If I gain some profits then I will just give them some money then enjoy it, since they deserve  stress free life and enjoy their retirement.

Most old parents are not really interested in bitcoin in my region or should I say in my community, not that they are having any negative thing about bitcoin, but they are not just ready to invest in bitcoin. My parents don’t have bitcoin, they are not really interested in it, maybe just because of their age. I told them about bitcoin, they just believe in physical investment, but they never discouraged me from investing in it before. Whenever we are having discussions about bitcoin, they do encourage me, and they do say good things about it, but all my brothers and sisters have bitcoin in their wallets.

My dad is more like the no online guy, he doesn't want to hear it not after he was scammed by one website that promised him some huge roi for his investment, although it wasn't much he just tagged it all black, with the high rate of scam going on in the crypto space most older person's are quite cautious with how they woudl like to thread in this section some stay off and other would need a little more convincing to make them do anything, the only person interested in bitcoin aprat from me is my bro but we haven't put as much as we want into it yet.

Most parents from Africa are like that and that is because they are not used to this online thing where you earn money without selling something physical. My mum used to think it was the same thing as internet fraud when I started with bitcoin. She used to be scared I would get into trouble with law enforcement. Her fears are not strong anymore now although she does not still understand what bitcoin is. Am not interested in enlightening her. It will be wasting  my effort.

My parents are not the type of people who know the internet in detail so we didn't get the momentum for an introduction to crypto through the education they provided and they often talked about gold as an investment system. If asked whether there is any influence, I can answer that there is none at all because I got to know crypto through other people. I even talked to them about investments and the answers they gave were up to me in making decisions because the most important thing is that I understand what is being done.

But I am sure that every effort we make to improve financial conditions will always receive support, even though they themselves don't know how. Remember, that no parent wants to see their child suffer and they will always provide support for their child to achieve success wherever we are.

As much as I want them to invest for future profits, I believe the risk to lose is unbearable for them. They’re not young anymore that they can manage well their emotions and be more flexible with it, instead they’ll be easily annoyed how volatile bitcoin is and how bitcoin price quickly drop its price when majority expect it to keep surging high and reach its new all time high. So maybe bitcoin is not really for them even if they’ll say they’ll invest at their own risk.

Same here. My parents are baby boomers, so they never had anything to do with computers. They used to work using calculators and that was as far at their knowledge of digital age goes.
They don't like bitcoin because they don't understand it and by listening to them I can see Why Elizabeth Warren, Joe Biden and Warren Buffett were hostile towards bitcoin. For people in their 70s and 80s this is usually too hard to comprehend and it makes them angry. They'd rather call it a scam than spend time learning it.

Mes parents ne fond pas beaucoup confiance au crypomonnaie . ils disent que c' est de l'arnaque.J'essaie toujour de les convraincre mais sa ne donne jamais rien

My parents are not fans of online investment, so none of them invest in Bitcoin or any other cryptocurrency. In fact, from my observations, many old people hardly invest in cryptocurrency unless those who are computer literate, especially in African countries. Old people are hardly involved in online investment; they believe much in physical investments like gold and other stuffs like that. My parents are not fans of cryptocurrency, but I believe they know about it and are aware that I am into bitcoin investment, and they never discourage me from investing in Bitcoin and other projects. 

To be honest with you all,my parents don't know what bitcoin or cryptocurrency is,my parents are way too old with this technological developments and improvements.My parents wouldn't want to involve themselves in activities with the Internet because they consider it fake precisely.My parents are not fans of the Internet,so trying to indulge them into bitcoin and secondly investing in bitcoin will take a very long time and efforts to actualize the theory on them.

I must say that they're old fashioned and they're only conversant with whatever knowledge and application/methods that they used while growing up that worked effectively for them.In as much as they don't follow upcoming trends and activities,some suggestions and advice will not need to be introduced to them.

All have their own time so there is no need to be forced regardless of whether our parents are in bitcoin or not I don't think it is the most important obstacle for now when we are sure of bitcoin then continue it as long as our parents are in bitcoin or not it doesn't matter because in the end we can still learn and see from those who have been in bitcoin before because learning something does not need to only refer to parents especially we are adults .
   
As for your parents who are currently interested in learning bitcoin then it could be a good thing but in this case I think the advice I can give is just about teaching it not to make him in bitcoin because when the current retirement age is actually the time they enjoy life with the wealth of the results of their youth not being in a risky situation like bitcoin because indeed his age is too old for that .

Introducing bitcoin to old peoples really has quite a tough challenge, old people will always feel smarter and won't easily listen to the sentences their children say, especially when we discuss technology with them, that's really a very challenge thing.  My uncle has a lot of money and he really likes to invest, but when I introduced Bitcoin to him, he rejected it and would never believe in Bitcoin.. currently, my uncle is 70 years old.

My father left us a couple of years back, and even when he was alive and with us, he didn't care much about what I was doing. He mostly used to think that I was playing games whenever I was on my computer or mobile. He later came to know that I was earning money online. I think he was happy for me but we know fathers don't usually express their emotions openly I used to sense that he realized it that I wasn't playing games any more after one point.

For my mother, it was enough for her to know that I was earning money online and I was not going somewhere out to work and this thing used to make her happy and satisfied. I don't live with her anymore because I'm in a different city, but whenever we talk on call, she always asks about what I'm doing and how is work and she is still happy that I'm not going anywhere for work.

How could it not be true, every parent, especially those born from a business family, will always direct their generation according to what their parents have taught them in the past?

and will not likely let their children make investment decisions without their consent even in BTC. The reason is simple, they don't want their children to go down the wrong path in investing.

Unless they take a moment to learn about BTC. If it has been proven, permission will be easy to obtain.

The world is advancing and we should always try our best to equipped ourselves with winnings. We should be positive all round and winning becomes constant for us. Bitcoin is one of the top projects that have brought many people to riches and have also send people to trenches, just be on the winning side. Old people have zero interests and urge when it comes to cryptocurrency. However only few acknowledge the existence of bitcoin and have taken upon their shoulders to make things run easy.

Most of our parents and parents don't understand Bitcoin, they have never even heard of Bitcoin, so it's impossible for them to invest in Bitcoin, even if you explain Bitcoin to them, they find it hard to believe the benefits of investing in Bitcoin.It's difficult for us to explain to them about Bitcoin.

Agree with you our parents do not accept Bitcoin and other crypto investment because they have not experienced profit through it but when they see our success then they start to accept it by feeling satisfied that we are earning a good amount without using any physical struggles.

Previously parents were not in favor of crypto investment because very few individuals were involved in it but nowadays every other person is a part of Bitcoin Investment so they can understand the value of Bitcoin and today's parents are encouraging their children to continue this field with great efforts.

Reading through the replies on this thread, I discovered that most of us here have parents who share the same ideology concerning anything online. It's not their fault, many factors contribute to this belief ranging from their old age, technology advancement and their previous experience with online stuffs. We grew up seeing our parents investing in some online (probably ponzi schemes) that end up running away with their money. Since then they have a different view on anything that has to do with online.

However, I will suggest you find a way to explain it better to her in whatever way you think she can understand in order not to put her in suspense. God forbid but if anything should happen now, she will definitely attribute it to bitcoin as the cause of it. Your case is somehow similar to mine but I sat her down and explained things to her in a very detailed manner to convince her I'm not a fraudster. You should also do same to keep her mind calm, it's really frustrating thou.

So how are you involved in crypto ? I am judging that you are investing also as you are very active on this forum also. You are not afraid about the actions being taken by your government ?

Nope. If this question will be followed by the idea of me inviting them, then it's another no. Not all prople could handle the risk properly with investments and since we are talking about crypto investment that means we are referring to bigger risk due to higher market price volatility. The reason why I don't encourge my parents and other people about this industry is to avoid bigger problems. Encouraging them will make me part of their investment journey and that means I would be a part of their loss as well. I won't be able to guide them on a 24/7 basis. It would be stressful as well to be sharing every bit of my knowledge that I learned for years and that's with initiative. Tendency is other people just focusing on the profit but disregarding the journey of ups and downs. What's best is to let them get on top of their curiousity and have their own initiative to study and engage with crypto industry in general. In such way, they would value all the things I would impart to them.

There was this video I watched online that the guy was actually talking about how many things that are working today were blasted before during the early days of their introduction like crypto and many other internet stuffs but the point at the long run which he gave was that only the fee person that queued up with the lastest evolution are the true ones who are benefiting like crazy till date so it definitely pays to follow up with trend so that you won't be left out.

Parents? That’s a dumb things to ask and am really surprised having to see this! Like what do I care about my parents having to invest in Bitcoin or any other cryptocurrency projects out there. I think the most I could do is invest in their name but, it would often fall back to me as, I would be standing over their grave and not have them standing over mine. I’ve got some old forks to parent me and they are they damned too traditional to adjust to a new system. I better leave them than to complicate their minds with Bitcoin and how it works.
My investment over the years is good enough to serve in some capacity and ain’t no way they are getting to do this, am okay with the forks I’ve had to groom over the years, am cool with my parents having yo enjoy their old age and retirement benefits from their years of d service. Can’t risk no heart attack on them and let the profits or loss count in hospital bills.

Over here it's not that easy to get people convinced especially our parents because already they had this mindset that people who alway talks about bitcoin are all internet fraudster. Even when you try to go further they may label one as scammer and most our old people over doesn't understand anything about bitcoin and it's usage, instead they would want to report someone to the authorities to get one apprehended.

yes, especially if they are old, or they don't understand technology. It is very difficult to attract them into this investment. Moreover, when they see the value of their assets decreasing, it might make them panic. Apart from that, until now I think people who have entered old age are people who may not know or refuse to invest in bitcoin or cryptocurrency.

Firstly, my father's financial condition is not very good. It has become difficult to run a family, money is not in a position to save money to invest in any place. My parents don't know much about bitcoin, not much interest to know because the family is going through a financial crisis. There is no last chance that I encourage them to Bitcoin, no money in the bank balance to invest in Bitcoin. If Allah has mercy, if the family has prosperity in the future, maybe their mindset will be different. And later I can convince them to encourage Bitcoin investment.

My mother has also joined the Bitcoin community. When my grandfather inherited some money, he was considering investing in gold. However, I persuaded him to invest half of that amount in Bitcoin instead. He is now pleased that he followed my suggestion. :D

Although I invest in Bitcoin, my parents have never invested in Bitcoin and don't trust it that much. But currently our parents believe that since we are connected to Bitcoin, and we are able to earn money from Bitcoin, they trust Bitcoin. My parents believe in Bitcoin, but they have not invested, even though I have told them that Bitcoin is a good investment project and a great trust. But they asked me to invest, but they won't invest but if I invest then surely it will be a place for me to earn good money in future. Also, I told them to give me money so that I can invest bitcoin and earn good amount from it in future. But they did not agree to this proposal, rather my parents said that you should invest a small amount from the amount you earn. Anyway, as I am not thinking of investing their money, but I will and have invested my money so that it will lead me to higher level of profit in future. But I believe that our next generation who will definitely be able to tell others that their parents invested in Bitcoin and were related to Bitcoin.

My parents also know I invest in bitcoin and am making good profits from it. But contrary to you, they offered to give me some money to invest in bitcoin and I refused immediately. Although bitcoin has potential and will grow strongly in the future, there is no guarantee of that and I don't want my parents to get depressed or have to be hospitalized if something unexpected happens. So I personally don't like my parents participating in these risky investments.

My parents have worked hard all their lives to take care of my two brothers and now it's time for us to show our filial piety by providing them with money instead of continuing to take their last money to get rich for ourselves. So I really don't like the idea of convincing or taking money from my parents to invest in bitcoin.

How old is your mother?  I don't think your mom is an ordinary, tech-savvy person. Besides, she's probably a brave person. She's making investments that are out of the ordinary for parents. I am curious how you convinced your mother with the instability of Bitcoin and a lot of bad news about Bitcoin.

Your detailed story might be an inspiration for others on this forum. Because I read a lot, most parents who don't do it because of age limitations, use of technology and confidence in the development of Bitcoin. I hope your story is factual.

My parents are not much interested in Bitcoin because they have no knowledge about Bitcoin. They always emphasize on gold or land accumulation. But I invested on Bitcoin without taking parental permission as much as I could. However, although investing in gold does not offer as much profit as Bitcoin, the risk is much lower.

Way back in 2015, and way before I got into this forum I already had a glimpse of what bitcoin is and how big it could be (honestly not as big as I thought it would still be but I thought I could make a quick buck out of it) and so I asked my parents for 10 dollars, an amount I think they would be confident to give me considering they know what investing is, and generally just how to make your money work for you instead of the other way around. But my dad laughed at me, told me I was delusional and I'm gonna get scammed sooner or later, and instead asked me to invest in stocks (which I did) but years later they saw what bitcoin is on the news and asked me if I had followed through.

Quickly turned around when they found out that a couple of clowns in my country got jailed for initiating a crypto scam which they all got life sentences with, so to sum it all up, it was a tug of war between them finding out how profitable bitcoin is, catching wind of news that bitcoin was mobilized to initiate scams and ponzi schemes, and me defending bitcoin.

So yeah, no, they don't invest in bitcoin and they probably never will. it's alright though, can't teach old dogs new tricks as they always say.

Parents are often attracted to traditional types of investments. It is not easy to choose a new investment instrument or abandon old habits. Times are changing and new investment tools are emerging. While some people diversify their investments, others continue with traditional methods.

It is necessary not to force anyone regarding investment. After ensuring that they learn the necessary information about investment, the investment decision should always belong to the person who will make the investment. As time passed, we started to see people over a certain age investing in Bitcoin around us. This number is increasing every year.

Not my parents but let's say that relatives of mine has a kid with health problems that makes her eligible to receive an additional financial help from the government (her health problem will be fixed, it's not something permanent). I convinced her parents (my relatives) to put that money in Bitcoin and some part of it in Ethereum and Matic. At the moment I can tell you that they are very happy because cryptocurrencies significantly increased in value since they started investing (since summer) and it's in their plans to continue investing.
So, not mine but someone else's parents are investing and I like it. I strongly believe that years later their kid will be very happy and proud of me for this.

They don't, they barely use their mobile phones for communication, so it will b difficult for them to even get clue about Bitcoin and beside, when Bitcoin was lauch in 2009, they still don't have good internet phones, it was GSM as internet protocols was just introduced to some African countries(2005 and only the rich could use it then) but there were private network then where people can buy internet and browse then but they don't understand what internet is even about then.

However, I'm breaking that chain of not having a bitcoin. One day if I marry and start my own family, I'll not only teach my child to be q mathematica guru, they will understand what Bitcoin is all about, they have that knowledge for free at early stage before they are later influence by these altcoins and shitcoins on this crypto space.

There are old people who are still active and also smart to understand it easily. If not, we still can try to explain it to them and it's okay if they don't want to. There is no need to force them. There are still people who will join it, so the price can still continue to increase and if we are profiting greatly, we still can give something to our parents if we think they are having a financial issues.

Old people are used to old school stuffs and the technologies they have before are not comparable to what we have now, so I won't totally blame them if they have less or no interest in cryptos such as Bitcoin. If we are on their shoes we will understand it better.

You are correct, not every parent can invest in bitcoin because bitcoin has not yet begun to function, and it will be very difficult to persuade them to invest because they will say it is a fraud, and they will most likely not have time to research it to determine whether it is real or not. Since the introduction of bitcoin, our parents have been in business, which has allowed us to grow and learn. now have a good understanding of bitcoin and plan to invest.

I don't think some of our parents will benefit from bitcoin because they are already getting old, and whatever you didn't start when you were young will be very tough for you to do when you are older. won't have time to run it. You can't get the patient to run it because you'll see it as a waste of time, and everyone knows that bitcoin is not an easy thing to profit from because you have to leave for a long time, and some of our parents will disagree because they prefer daily income, which is why they engage in businesses that generate daily income. So I assume he won't be so easily to confuse parents to invest in bitcoin.

most parents are like that. I also had difficulty convincing my parents about Bitcoin. and they still believe in Gold more than Bitcoin which they know nothing about.
but I managed to convince them to borrow some money from my parents to invest in Bitcoin. that's because they wanted to give me capital for the business but I convinced them to buy them Bitcoin.
and now, I have returned the capital that my parents gave me. It's nice that at least I opened my parents' minds regarding the opportunities that exist in Bitcoin.

Oh my parents don’t like online stuff that involves money or investments, but one thing I know very well that my father later look into it, if you give him a reasonable reason he will like to invest in bitcoin to make profit, my dad like anything that brings money but they see those people that is trading as people that is ready to lose, the must important things is to buy the consciousnesses but it is raining, so did you know that they can lose what they have but anytime that we make them enjoy Trading

My father and mother heard about cryptocurrency and enjoyed the money I earned. But I was not interested in investing in them because they are not technically bright. But they are very happy with my earnings. My father is a farmer and mother is a housewife, raising children with their lifetime earnings. Our family is not very well off, that's why I didn't tell my parents about bitcoin investment. Even if you talk to them about bitcoin investment, they They can listen and understand, but they can't make a position to invest. But with some of my earned money I invested Bitcoin. I am now experiencing a lot of success with my invested bitcoins. I hope to see more success in the future when prices rise further. My family consists of a beautiful family consisting of parents and two brothers and a sister. I am the first bitcoin investor and bitcoin user in this family.

Most of the parents of forum members or thread readers aren't from the generation accustomed to computers, let alone cryptocurrency trading. It's up to us to bring the next generation into this investment platform. I believe it is one of the more predictable markets, with a four-year cycle, if everyone can discipline themselves to participate.

My parents didn't know about bitcoin, they are old and they don't even know how to use cellular phone,laptop, computer etc., even if i have a parent that invest in bitcoin i think it will never affect on my side we have different sight and different ways in making some strategy to earn so i think it is not a problem if our parents know about bitcoin.

My parents don't invest in Bitcoin.Even when I tried explaining Bitcoin investment to my parents their response was does it have anything to do with the internet and when I said yes they said it was a NO for them.With the increase of online fraud I guess my parents are not in good terms with any online way of making profits,they just feel so secured and I love it that way.Bitcoin investment is not for everyone,they are some people that after Bitcoin investment has been introduced them and everything they ought to know about the network they pick interest to invest but along the investment they quit because they can't bear with the ups and downs of the market.

They do not live in a generation of computerized technology so that opportunities for our parents to know investment are very small and they do not know how to make purchases or sell cryptocurrency. The times continue to change and there will always be renewal of the system created so that each generation has a different pattern in seeing the sources of investment available. For the generation of children we may have the opportunity to introduce investment in Crypto because they really understand technology and now schools have also used a computerized system for their learning phase.

So take advantage of opportunities to teach our children to invest and slowly we can introduce this system to them when their age is quite responsible for him. Bitcoin gives hope for the process of financial freedom and if we teach them it will be much better for their lives in the future.

If your parents think bitcoin is a scam and don't trust it enough, you can introduce them to bitcoin ETFs. I think that's enough to prove and convince them that investing in bitcoin is legal and safe. In addition, investing in bitcoin through bitcoin ETF will partly avoid the troubles of storing bitcoin yourself, everything will be much simpler.

But if it were me, I wouldn't encourage or support my parents to invest in bitcoin, because I don't want them to have to face the stress caused by bitcoin's volatility. Our parents are the older generation and now is the time for them to rest, not the time for us to force them to continue making money to take care of us. So I would never advise my parents to invest in bitcoin even if they wanted to invest in it.

if you can explain the performance of bitcoin, I'm sure your father will be interested in investing, especially since the world of bitcoin has now become popular in all circles of society, so for father this will definitely make sense if it will give him extraordinary profits, but you too You have to talk about the risks in investing because there are bound to be gains and losses.

lol!
My mum isn't even technologically inclined to know what Bitcoin is all about even at the moment and it didn't even make any difference to her if Bitcoin existed or not. In her time as a youth, what's mostly predominant at the time is basically doing the regular market trading where you sell your goods in the local market with the use of the fiat and that was okay for them and they didn't need much of an alternative means of financial systems outside of the banks. Dad on the other hand has some basic knowledge if Bitcoin based on his personal research but hasn't bought one or even thought on considering putting a dime into it as a possible investment option. It's for a generational something where a particular generation is exposed to a certain way of wealth creation that's somehow different from what's obtainable with the previous generation.

Did this affect my journey into Bitcoin? Absolutely yes. I didn't get know about the decentralized system earlier enough because no one around me was interested in it but only got to know about it when I started my undergraduate journey. If I had stayed back with my parents, I would have most likely taken the same financial part they took. What's going to be the general implication of my knowledge on Bitcoin to my children? They will learn all the basics of Bitcoin investments at an early age and with my exposure on the importance of making early investment, I would Ensure that start off as early as possible but that's going to be at there own discretion. Don't really fancy the idea of imposing shit in people.

No they don't like these kind of online investments as they think that most of what is here online is a scam and we should try our best to isolate ourselves from this online earning world.

This is not their fault they're not exposed to the era of trading and online earning.They just don't have the mind and growth to think like the way we think now because of the greater exposure to accessories.

They dont, they are old enough and not even following the technology in general. It is even hard for them to use smartphone, mostly they use smartphone for phonecall/messaging only. Even though they know that I am as their son investing in cryptocurrency, they do not really care about it and they do not want to know about it more. Maybe because it is related to education background which is so low in my country, not many people who are in the same age as my parents are well educated in my country.

Most parents today don't want to keep up with the modern technology that we have because they are used to the time they lived in, so you can't blame others either. And there are others who really don't like it because they think Bitcoin is not good, and I respect them for that.

Because they don't know anything, that's why they say such things; they are blind for that matter, that's all. For my part, they just let me do what I'm doing here as long as they see that it helps me; they're happy there in a matter like that.

where I live, many parents invest in land or build rental houses. If people found out that we were directing their thoughts to investing in digital currency, they would be laughed at and they wouldn't want to hear about it because for them it was just a hallucination or just empty talk.

That business is very common with some parents, because they know that once they buy the land in low price to prepare every document that will make them the owner, and they will not touch the land until the place develop before they will be planning to sell the land in a higher price.

Real estate are some investments that is making some parents not to show face in BTC business, even though their children introduce it to them they will still prefer Real estate business which they have idea on how to make a good profits without the fear of losing their money.

The reason why some parents will not pay attention to anybody, is because BTC is illegal in that particular country and there is no way you can convince them to be involve in BTC business.

People of this generation are most aware of Bitcoin. People who are above middle age may not understand Bitcoin very easily but with time they too can get a good idea about Bitcoin. The attitude towards new generation Bitcoin is strong. In the next 1 era it will be difficult to find someone who does not know about Bitcoin. Once someone realizes the potential of Bitcoin, he will definitely not go out of Bitcoin. No other investment platform will be attractive to him other than Bitcoin. But one thing must be kept in mind that Bitcoin is good as an investment platform but there is also potential for loss. A person must have at least a basics about Bitcoin before investing. Otherwise he will fail to retain his wealth.

I'm the only one in the family to invest, parents are conservative when it comes to investments... I went further and created a https://mundocrypton.com/ (https://mundocrypton.com/) website to talk about the subject and keep me updated

My parents do not know anything about Bitcoin, moreover my parents understand much less about the online world. This is why neither of my parents invested in Bitcoin. Also I never tried to explain them about Bitcoin, I don't know why?, Also they are not very interested to understand about Bitcoin, my father is a businessman. He has been doing business for almost 20 years, business is very dear to him. So I didn't want to separate him and put him somewhere else.

But I have been investing bitcoins on DCA method on regular weekly basis. I will continue this for a long time.

I think anyone who's not interested to understand bitcoin you don't need to force them, unlike as you said earlier that your parents understand much less about the online world, so I think this is why you find it very difficult to explain to them about how bitcoin investment works. Moreover due to the scam that has been happening online this days, so you wouldn't want your parents to fall a victim to them, actually you don't have to be blamed for not introducing them into bitcoin investment, the must important thing is that he has something doing and he's very much okey with it.

That is the situation in most places where elder people have no interest in anything that is done online because they believe it is something useless. I have often heard elderly people saying that the internet and everything in it is only here to keep us away from the world and our lives because they see people using mobile phones and other electronic devices all the time and have less to no time for their families.

This is one of the reasons why it is difficult to convince a person from old times to accept cryptocurrencies and make investments in them because they would say that they would rather invest that much money in something that has a physical existence instead of doing it digitally on something that they can't even have or see.

Plus we need to remember that not a lot of old people have money. When people think of retired people, they may think of some American or European that has pension and retired, but they do not realize that over half of the worlds population do not have any savings even at age 60, and usually they fall to welfare to help, they retire quite poor, and do not have anything to invest.

While the ones who have money do not invest into bitcoin all together and only some do, the ones that doesn't have the money can't even do it if they wanted to. If every retired person in the world had some pension to relax, then I bet that there would have been a lot more people who would invest into bitcoin even at old age as well.

My parents haven't decided to invest in Bitcoin yet, but I'm working on it

Everyone has their own ideas for developing investments and indeed when talking about real estate also with a focus on development and land remodeling it is also still something very good so that indeed they already realize that it will benefit them then it cannot be blamed.

Just because they choose other options and are not in bitcoin does not mean that it becomes an unfavorable situation for us because after all being in bitcoin is ultimately not a compulsion so when many people think that being in real estate is better then let it go because it is the way.

Indeed, introducing it is still quite necessary but in the end we must also realize that something like this (being in bitcoin) is back to the desires and beliefs of each and those of us who are already in bitcoin can only show that being in bitcoin is also still very worth it while when they are in other investments then indeed we only need to show the advantages we have over them even though in the end we cannot invite then indeed we will also have no problem with that because after all real estate is also profitable with risks that are not greater according to them.

No. There would only be a few people whose parent invest in Bitcoin. Older people see Bitcoin as a new age thing and it’s not for them. They don’t want to detach from the bank because all their lives it has worked for them. So they don’t have the zeal despite understanding what it does. They believe it’s our own luck and benefit. Only very few parents would even understand how Bitcoin works and why.

Well, I also have parents like that. Even they don't really know how to use a smartphone. However, I think they no longer want to think about complicated things, let alone choosing something risky to invest in. So far, they have only chosen gold, or real estate to invest in because they have always been very valuable. However, I don't think we should force them to invest in this technology, so if we are interested, then we just have to utilize it ourselves.

My parents don't even know about Bitcoin, they are too busy in their career. I am the only one in the family that
has full interest of Bitcoin.

Even though they are too busy with their careers, I think your parents also know about Bitcoin even though they have never owned Bitcoin and have never bought Bitcoin to store it. Because if your parents are officials, or artists or successful entrepreneurs, I'm pretty sure that people like that have heard the word Bitcoin from other people or from their colleagues who are in the same job. It's just that most people who are busy improving their careers obviously won't have time to learn more about Bitcoin so they won't have any interest in buying Bitcoin and investing in Bitcoin because their time has been used to just think about their careers.

My parents didn't usually invest in bitcoin and other cryptocurrencies, they started investing in bitcoin with me but my parents like it. That's why I bought bitcoins with my parents' retirement money, and have held these bitcoins for years and will hold them for years to come. 
My plan is from here I can earn bitcoins and give maximum gifts to my parents. Believing since the time I first started trading bitcoins.

Parents who have careers in business, officials or artists must have heard of Bitcoin but they have no interest in investing because they do not understand how it works. Although not all of our parents know about Bitcoin, there are many sources that make them have or often hear about Bitcoin. For example, if they have a smartphone and of course news or videos about Bitcoin will always appear on their social media because there are many people who make videos or news about Bitcoin.

But convincing our parents to get involved in investment is very difficult because they have their own mindset about investment. As we often hear that in every era there must be a different investment pattern and in their era there was no such thing as bitcoin so for them this was a new step and needed testing according to their views.

Haha ;D my parents will never invest in bitcoin. This is not because they do not know how it works or they are too busy with anything that keeps them busy, but because they do not believe in earning money they did not work hard for. During their time, they were taught to work very hard for money and that was one way to know who is a responsible man. Since they are not putting in lots of strength and energy in making money through bitcoin, they'll tag it not important. Now, people no longer need to work that hard for money, all is needed is just smartness. Bitcoin is designed for those who believe in working smart for money which my parents are not ;D. Times has changed and I will teach my children how to make money the smart way.

My parents invested on my advice. They managed to make very good money, but they are still quite skeptical about such investments, viewing them as risky. I think this is due to their incomplete understanding of this activity, but I am glad that I was able to help them earn money.Although I don't think I will insist on further investment for them, even if I am confident in their profitability.

it is very difficult to explain what bitcoin is to them because bitcoin cannot be held, many parents want to invest in the real world that can be seen and can be held, for example they invest in large areas of land or they build shops to sell.

Most of our parents are old and believe that they have gone past that era and feel our era, and that is why they do not bother much because most are already retired, and do not need to spend much money since their pension is still coming. Most of them know but would rather allow us to do our thing rather than get involved. Some might even support their child financially since their friend's kids might also be into Bitcoin and they might even ask you to bring profit to them from time to time. the word Bitcoin is everywhere now; you can invest when you want to because even on social media you will hear about it. just for anyone to use the right channel to invest.

And because of its nature, old people are always conscious and they feel they might not have the time to do all the monitoring and others, because sometimes when you are deeply into your career, they might not have time, and people that are into their career should consider holding because with their work at hand, wanting to trade will make everything more difficult because its time consuming so they should still go for trading.

No, it's not even easy to tell parents about Bitcoin, because they will usually be more comfortable with more traditional things, for example investing in land, property or gold, whereas Bitcoin has a lot to teach them, including about the technology, which for them it's difficult to understand, even the cell phones they have are only used to send messages and make calls which don't have access to the internet, so it will be difficult to convince them to want to buy Bitcoin even though we tell them about the benefits they will get and the potential for large profits.
It seems easier to ask for a faster share of inheritance so that we can buy Bitcoin than to convince them to buy Bitcoin :D

Honestly, if my parents wanted to invest in bitcoin, I would discourage them, let alone give them bitcoin investment advice. I think they are too old and really no longer suitable to invest in bitcoin, a digital asset that requires a lot of knowledge, an asset that is highly volatile and risky…there are many real factors is no longer appropriate for their age.

I usually don't interfere in my parents' decisions, they should do what they like but if they ask me, I will advise them to invest in gold or real estate if they have enough money. I would advise them to stay away from bitcoin because I don't want them to get into trouble or pressure when investing in bitcoin.

I think your parents are from a very old age which is why they can't trust the digital assets of today. they consider only hard work as a legitimate source of income. they don't want to believe in other easy and shortcut ways. However, it is expected that this issue will be balanced within the next 10 years. then most people will use bitcoin and start putting their money in bitcoin because of the freedom it has, banks are also against bitcoin.  Because if people turn to Bitcoin, banks will lose a lot of their revenue.

This is very interesting and reminded my recent thread about Imagine your household by building a financial tree on bitcoin chain (https://bitcointalk.org/index.php?topic=5493158.msg63955302#msg63955302).

My parents doesn't Invest in bitcoin but I wished they do so that we could always have most of our discussions relating to the same goals of our same asset holdings on the bitcoin blockchain. It'd be much interested giving updates and consulting each other at when necessary and so as much we could be sharing same financial advisories specifically to enhance in our bitcoin investment but all these are just fallacies because I'm into this bitcoin investment all by myself but I'm doing pretty good anonymously because no one has my digital assets on track to be any form of discussion as it maybe if we had a family financial tree built on bitcoin chain.

Initially my parents didn't know anything about my bitcoin investment but now again parents know everything about my bitcoin investment. They have helped me financially from time to time to invest and I have invested a lot of money from them till now.  But one thing is very important that if you share all these things with your parents, the risk involved in investing is reduced to a great extent.

Same here!

At the moment that you would really be tending to make out some explanation about Bitcoin or cryptocurrency as a whole then they do always been that skeptical on it and would be telling that it might be a scam.
Old people would usually be sticking into those things that they've been get used to on which with those fiat and those typical centralized offerings and services that they've been using up for years.
Well, you cant blame them but it do really sucks at the moment that they will really be making out those kind of discussion or argumentation that pushes up the idea that i should stop on dealing up with a scam.
As Bitcoin investor or enthusiast then of course you would really be trying to defend it out since we do know on whats the truth and this is something that needs to be clarified.

This is why on the time that having those kind of discussions then i do just simply ignore them about in speaking about crypto. This is why i do really end up on having no interest on speaking
to someone about Bitcoin or crypto on what it is. I dont really like on having those kind of negative words because it would really be that a long story for you to explain and
make them realize that they are talking shit about it.  ;D

My parents are interested in cryptocurrency, but they are unfamiliar with the internet, and I am afraid to get them to invest in bitcoin because before telling someone to invest in bitcoin, you must first determine their level of internet literacy, if you tell someone who is internet illiterate to invest and they fall victim to a scam, they will hold you responsible. My parents are supporting me to ensure that I grow well into this cryptocurrency because when I explain to them about bitcoin and the reason why others are investing in bitcoin. They were delighted to hear that, especially the part where I said they would be able to manage their assets without interference from the banks or government. I was telling them this in order to get their support rather than asking them to invest because I knew the extent to which they used the internet but they are helping my source of income to expand so that I can invest it in bitcoin.
My father is most concerned because everytime we discuss crypto, he always brings it up and asks me when I'm going to start my investment. Even yesterday, he asked, and I promised him I'd start my investment this month, which is my plan.

Indeed, parents' prayers are very effective in supporting our success. It is very nice if parents can follow technological developments, so that we can share about what we are doing, so that we can get approval from our parents. It's different with my parents, who are already old, let alone Bitcoin, I can't even use Android, but I just emphasize that they bless every path I take to get to my destination safely.

No, they are not investing in Bitcoin but they know that am into cryptocurrency. They don't have any amount of money to invest in Bitcoin, so I don't see the reason why I would convince them to invest in Bitcoin. However, even the reason why my dad heard about cryptocurrency is because he was pressuring me that he hadn't seen me with any hard work, then where did I go to get some money and buy some clothes that I used to wear? I have no choice but to explain what Bitcoin is all about, I thought he would think otherwise when I told him about Bitcoin because our government is trying to ban anything related to cryptocurrency, I thought he could think that I was into something illegal but thankfully, he did not.


Of course, our parent's prayers are very good in supporting our work. Though some individuals do not want to share whatever they are doing with their parents, I don't know the purpose of doing it, they are our parents, and if weren't for them, we wouldn't have been where we are today. You're doing great mate, let's continue to seek their blessings to reach our goals.

My parents know about Bitcoin Investment, but they do not invest. They do not really care about Bitcoin or the possibilities, they are only concerned with Investments like; Land, Gold, Real estate, properties, I understand there plea since before now they already have gotten the orientation of such assets and limited to Technological advances. I would not persuade them, I have build mine and make them enjoy the dividend and benefits of it rather than pressure them. They deserve rest.

To be honest, my parents are not that educated or that knowledgeable about cryptocurrency.  Also most parents in the country I was born in don't know anything about Bitcoin. So my parents can't invest in bitcoin.  Maybe our younger generation is getting the idea about Bitcoin. We are trying to increase and spread the knowledge about Bitcoin.

Actually my parents are not believe in digital currency, because of their age, and I'm trying educate them about Bitcoin and how it works. But only what them want from me is proof, which I have invested little money I have and screenshot my buying point and print it out as evidence, while waiting for Bull Run market to sell in a higher price. Therefore I can't wait to invest for my children as a prosperous father.

The majority of parents really don't understand this matter of Bitcoin or cryptocurrency because usually what they have in mind is not good about it. And that is the truth, which is also sad to think about. But the son is jealous that his parents supported him in his cryptocurrency trading.

But there are few and rare parents who give support like this. I am my parents; they don't support me in what I do, not even my relatives, as long as they only say to me that they remind me.

It will indeed be difficult for parents to be able to believe in investing in something new like digital currency and they are used to investing in real assets, whereas when investing in Bitcoin we cannot see the physical form and only the nominal value that we can see and this will makes it difficult for them to believe because they are used to the investments they make, if your parents are interested in what you explain, of course this will benefit you when they make investments and you will be able to benefit from what they do.

Every person makes decisions based on their experiences and observations. When our parents started their life journey, Bitcoin and technology were not so advanced so it is really difficult to explain these things to them. I bought some coins and my parents got angry that I just wasted money and nothing else and would get nothing but loss but when I got profit, then they got a little bit of confidence that money could be earned from it. They are not completely satisfied, but now I have to buy Bitcoin and they don't stop selling, they always say that it is a loss and ask me to act carefully. Maybe because they don't know about it.

And nothing is surprising in this, because if we do the things that exist for us today, tomorrow our next generation will do something new, then we will also feel strange and we will not be able to believe quickly. We will give the reward of what we have done. There is no need to try something new. There may be harm in it. There are always concerns.

No parents want their children to suffer any kind of loss so they worry more about their children than the children themselves.

Bitcoin is still very young, having only been around for just over a decade. So it's natural that parents don't believe in investing in bitcoin because it's not in physical form and most of them have difficulty learning this super advanced bitcoin technology. Because in the past parents preferred to invest in real assets that were in front of their eyes, such as gold which has been around for centuries as an investment asset and property. It could be said that our parents' generation is not a digital generation, only some parents can understand Bitcoin easily.

However, educating parents about bitcoin still has to be done so that they know the basics of bitcoin, who knows, one day they will start to realize that investing in bitcoin is better than other investments and want to invest in bitcoin even though they can't do it themselves because they don't understand the technology, at least they know the goal so they want to invest in bitcoin with your help.

This your statement classes all parents as old or not entitled with the developments of this recent generation because I believe am also a parent myself and am fully involved with use of Bitcoin as investment but although I do understand the context of what you are talking about but I feel the urge to clarify that it shouldn't be a general sense about parents that aren't willing to invest as some of them are fully aware and involved too.

My parents don't invest in Bitcoin and I have explained many times about Bitcoin and also the benefits of Bitcoin, but my parents don't understand because what they know is that the investment they like is investing in gold or land, but honestly, this is something that is normal and I understand my parents because he is old and of course it is very difficult to accept lessons about btc.

However, after I experienced the benefits of investing in Bitcoin, my parents supported me if I invested in BTC and of course I felt happy because my parents supported their children investing in BTC because they had seen real evidence. but of course I can't force my parents to invest in BTC because they don't understand online technology, but of course everyone has different experiences, but of course there are also many parents who teach their children about BTC. But personally, my parents didn't teach me about BTC and honestly I got more support from friends on this forum to invest in BTC.

It's interesting to see how different generations approach Bitcoin. While some parents may invest, others may not understand it fully. Millennials and Gen Z often embrace it more readily.

My parents didn't want to invest in Bitcoin at first but I got them interested and encouraged that's why my parents got interested in investing in Bitcoin. Of course there was some profit after the investment but now I am facing losses and my parents are very angry with me.  Because I advised my parents to invest the money they had saved and they acted on my advice due to which I am being blamed for that investment.

Well, most people in our generation are not buying it too. I don't think that correlation is too huge.

they are not wrong. The way people used to invest was in gold and land, and that method always worked. Maybe they are not interested in something new, especially if it has big risks. However, this does not need to be forced. At least, you have tried to explain this investment. However, many parents are not very familiar with how bitcoin works, and are skeptical about it. Well, that's natural, even among them there are still many who have difficulty using smartphones. But, I think it has been a good effort.

I have to say that convincing someone to invest in bitcoin, especially older people like our parents is a bad idea. And it's even worse when you encourage them to use their life savings to invest in a volatile and risky asset like bitcoin.
I don't understand why so many people have the idea to convince their parents to invest in bitcoin when we all know that bitcoin is very volatile and it is not suitable for older people. If you really want to be good for your parents, earn money and give it to them, take care of them, don't lure them into investing in things where even you cannot guarantee what will happen next.

I will even stop my parents if they want to invest in it, simply because investing in bitcoin has never been as easy as many people think, they only think about profits and ignore the risks they face.

i don't think that directing your parents to invest in bitcoin using their savings is a wise thing to do. if they invest using part of their income, it might not be a problem because they have income and they only invest part of their income, but the problem is when they invest using their savings which should be used for their old age.

what you should do is as @balik said, you should give money to your parents so they can save more money. or you can prepare bitcoin investment for their future with the money you should give them, so that when they need it in the future, they can exchange it and get more profit.