My mother is 70 ...

[Ridwan Fauzi]

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

[posi]

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

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

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

[ahmad21]

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

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

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

[Kakmakr]

My mother did some of her own research and got stuck in the "Bitcoin is a bubble" and "Bitcoin is used by criminals" Fud. It took me 4 hours to convince her that normal people use Bitcoin and how Supply & demand markets work and why we are seeing these bubbles.

My whole family is invested in Bitcoin now and they have ROI on every cent that they invested. I have to stop them from selling assets to invest in Bitcoin now. ^smile^

[ladydark]

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

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

Most people today are just like your mom.They don't know about bitcoin and they don't even want to know about bitcoin.Just they need to invest their money in bitcoin thinking that overnight success would be possible and bitcoin is a quick rich scheme.It has been already eight years gone for bitcoin to reach this stage.

People having this attitude would in no way contribute for the progress of bitcoin.They would invest quickly,get panic quickly and would sell their bitcoins quickly making bitcoin price more unstable.

[Jonsnowstark]

Oh well, for people who wants to earn more they would do whatever it takes. If you tell someone you earned double times your investment in whatever way possible, people will give you their money and make you do the miracle for them. That's normal reaction especially for old people. But if you talk about bitcoin, they wouldn't really grasp the idea in one phonecall. That is whats difficult for older people to understand. Its even hard to convince people our age how much more the people who are ahead of us who are not techy.

[crazyivan]

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

[zarados]

My mother did some of her own research and got stuck in the "Bitcoin is a bubble" and "Bitcoin is used by criminals" Fud. It took me 4 hours to convince her that normal people use Bitcoin and how Supply & demand markets work and why we are seeing these bubbles.

My whole family is invested in Bitcoin now and they have ROI on every cent that they invested. I have to stop them from selling assets to invest in Bitcoin now. ^smile^

well, I think I need to learn with you, how to convince our parents that investing in bitcoin can be very profitable. for me, the problem is that my parents are still in the tech-stuttering class, and when they feel it's a little difficult to do, they just ignore it. In fact, old age should not be a barrier to know the technology further. because technology is never old, there is always new in every day.

[Nawaytes]

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

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

This is one example of people who think bitcoin just like gold and stock trading, even like a money game. And out there are still many people think if they buy bitcoin with USD 10 will make them rich quickly, it's a shame.
Mainstream? I don't think it will happen if everyone is still thinking about such stupid things in 2017, and bitcoin just would like a stock trading.

[Bittoshi]

I think you shouldn't take the money from your mother. Give her a paper wallet with some Bitcoins on it as a present for birthday/christmas/wat ever instead. I am sure she will be very happy to own her own coins and from then on check the price chart every day. 

[Chrystora123]

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

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

capital $30 and want to profit up to 100%,
maybe you can try invest in Zcoin or Ethereum its price is still low,
i think Bitcoin price is too high for an investment at this moment from $30..

[Slow death]

your mother is 70 years old and she is very old, but she still wanted to invest those 30 $ in something that she does not even know deeply, she does it because she trusts you, you should not tell her:

I explained the volility of the coin that we could go from 100 to zero just like that.

If you really think bitcoin could drop to zero, why you continue to invest in bitcoin?

[paolo099]

your mother is 70 years old and she is very old, but she still wanted to invest those 30 $ in something that she does not even know deeply, she does it because she trusts you, you should not tell her:

I explained the volility of the coin that we could go from 100 to zero just like that.

If you really think bitcoin could drop to zero, why you continue to invest in bitcoin?

I'm amazed by the number of guys who answered to this post saying they're sad that a 70 years old doesn't want to learn what's BTC is and she only want to make some profit, are you guys serious?
For a 70 years old understanding crypto it's very hard, she did because, as a mother, fully trust her son.. sometime you guys need to step down your high horse and try to understand people.
Is not about capital, gains, volatility and stuff like that, for me this is a very nice gesture from his mother, put aside the value of BTC, because a gesture like this between mother and son it's priceless.. and is not affected by volatility and greedy person.
What the hell guys.. seriously.
I completely agree with the guy above me, enjoy the love of your mother instead..

[fishbonez11]

Good job for your 70 year old mother having interest in investing bitcoin. And good job for you in influencing her to invest already. I hope it is just her first step into learning more into the insides of bitcoin.

[Bezobraznike]

Sounds bad.  People very casually investing without really contemplating that much about it (just hearing about it on the phone and presumably hearing about previous prices) and not even learning how to invest themselves suggest that they have no idea what they're doing.

People also commonly say that a stock or asset is in a bubble when your grandmother is buying it.  The age range that they're talking about is people who are about 70, especially lay people.

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

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

   Why this sounds bad!? She is old enough to know many things, she missed opportunity
to invest in project 50 years ago. She could invest $30 in Apple, gold, internet or any technology
company in 1970 and now she would be a very rich woman.
   Everything starts with an experiment, what was internet and apple, first car, first computer? Do
you think it started like mainstream from beginning?
    She have $30 dollars and she can afford to spent that. When she get informed for 6 months that
her $30 invested worth more then $50 she will invest a little more. Little by little now and maybe in
10 years she will have something to live to here children`s and grandchildren`s, something more then
couple hundred bucks.

[UCHCHILD]

This is sounds so terrible, why not give your mother a chance to invest on because who knows she is your lucky for million life? And it sounds that it is easy for you to give her money so give her the chance.

[gentlemand]

I owed my elderly mother about £250 for something. I said I could pay her back the money or pay her 2.1 BTC. She took the BTC. That panned out rather well for her so far.

[Nisharawal]

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

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

TO be honest, i would tell that just be hearing in the phone i would not directly invest. I would ask about more details and would try to view it and try it practically and also would see if that investment is really worthy enough or not. People's psychology should try to be more clear and must focus on the returns and goals otherwise it would land them into some trouble. 30 dollars is not some big money but yes just think what would be the results and your emotions if it was 300 thousand dollars. Money doesn't matters what matter's the most is value and quality of that investment scheme or product.

[popolite11]

Why do you discuss this situation? If you deal with cryptocurrency, why not helping your mother? Just do not take her $30, but take yours $100 and invest it. I am sure, you must do it – mom is simply waiting for your support.
As for her $30, if she insists that you must use it, buy for her some nice stuff, for instance a book about virtual currency.

[SixOfFive]

Its good to hear that....Generally it is seen that age and risk are inversely proportional to each other. Old people usually like to invest in  such schemes which can give them regular and stable return. They don't like to take much risk.
It seems like your mother either want to play investment gamble with some spare money she have or she might have quite good faith upon BTC growth.