I managed to convince my senior dad to invest in BTC

[DatBTCGuy]

My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

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[tbct_mt2]

So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

What is the software wallet you used to set up for your Dad?

Hopefully it is an open source self custody wallet.

Setting up that wallet for your Dad is not enough. You should teach him how to backup the wallet seed as well as how to recover it from seed. You should teach him that he should not give up that seed information to anyone. Because if he leaks it to others, he will lose that wallet and bitcoin will be stolen by people who know that wallet seed.

Security checklist
Securing your Bitcoin wallet
Wallet basics

Did you manage to convince your dads or other older people in your family to buy BTC?

I didn't do this and won't do it.

[DatBTCGuy]

So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

What is the software wallet you used to set up for your Dad?

Hopefully it is an open source self custody wallet.

Setting up that wallet for your Dad is not enough. You should teach him how to backup the wallet seed as well as how to recover it from seed. You should teach him that he should not give up that seed information to anyone. Because if he leaks it to others, he will lose that wallet and bitcoin will be stolen by people who know that wallet seed.

Security checklist
Securing your Bitcoin wallet
Wallet basics

Did you manage to convince your dads or other older people in your family to buy BTC?

I didn't do this and won't do it.

Thanks for the links! I setup Mycelium and yes, I told him about how seeds work and he understood that's the most important thing.

[mocacinno]

I would never try to convince anybody... I'm a big crypto enthusiast, but i still consider crypto a high risk investment... I wouldn't want to be responsible if they'd lose their funds.

On the other hand, if they'd made up their own mind and just asked me for assistance, i would gladly help them out

[Asiska02]

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

The majority of the older parents here are accustomed to the traditional way of life. The ones who went to school had little or no knowledge of technology and were not as interested in it as the younger generations are now. Cryptocurrency and the security it entails are more advanced technologies that require skepticism to handle; having no understanding of the basic technological innovations will make it difficult for them to comprehend. Even though they've heard about it, they're not interested in learning more about it. Persuading them will only make it more difficult to enlighten them because they lack basic computer education. So I'd rather let them be and let them enjoy their old age without much trouble to make them think always of the market volatility when they invest in it.

[arwin100]

I would never try to convince anybody... I'm a big crypto enthusiast, but i still consider crypto a high risk investment... I wouldn't want to be responsible if they'd lose their funds.

On the other hand, if they'd made up their own mind and just asked me for assistance, i would gladly help them out

Will also have the same opinion about it since can't take it especially if those people lose their money on crypto which we know its normal and we don't know if they will be good to us or feel bad after those incident since they could blame us for not guiding them properly. There are people like that that's why I really don't like convincing people to invest not unless if they come to me telling that they can adopt the risk and no the consequences since I could spare some time teaching them the basics about crypto.

[avikz]

Did you manage to convince your dads or other older people in your family to buy BTC?

Nope! I will never try to convince anyone! I will just provide information about cryptocurrency if they need but convincing people is something which I want to avoid.

Bitcoin and crypto market in general is super volatile. Unless I have the financial power to support them if anything goes wrong, I would never convince anyone to invest in cryptos. I did it back in 2017 and lost friends in this process.

[NdaMk]

I have never tried to talk to anyone about bitcoin, although the younger generations due to curiosity sometimes ask about but I see through some of them that they only want to get rich through and seriously I warned them not to take bitcoin as a get rich scheme. As for the older generations they would ask about it risk and once I tried to tell them most at times that the risk is minimal in bitcoin if they stick to holding they just shrug off that everything related to internet seems scam to them. Sadly it is what the government has made them to believe. More so I don’t bother introducing older generations because I feel they lack the ability to secure their funds on wallets because of most of them from here are naive and could easily be scam.

I most give you credit for bringing your dad in but you need to tell him about the risk involved not when he sees some dumps he will start panicking just tell him to hodl. Also tell him not to click on phishing messages from emails because older generations easily falls for tricks like that

[mk4]

I would never try to convince anybody... I'm a big crypto enthusiast, but i still consider crypto a high risk investment... I wouldn't want to be responsible if they'd lose their funds.

On the other hand, if they'd made up their own mind and just asked me for assistance, i would gladly help them out

This, and most especially not people in their senior age, and most definitely not people in my family. I get it, it feels great if people make money because of your investment recommendation, but man the potential downside if the price went the other way.

[alik111]

I am just thinking that I will say my father about investing in Btc but my father thinks that Cryptocurrencies are scam because it isn't legal in any country. But I am trying to convince him that already it has gained huge popularity and soon it will be legalized in every country. I hope day by day I will be able to convince him.

[Minecache]

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

The majority of the older parents here are accustomed to the traditional way of life. The ones who went to school had little or no knowledge of technology and were not as interested in it as the younger generations are now. Cryptocurrency and the security it entails are more advanced technologies that require skepticism to handle; having no understanding of the basic technological innovations will make it difficult for them to comprehend. Even though they've heard about it, they're not interested in learning more about it. Persuading them will only make it more difficult to enlighten them because they lack basic computer education. So I'd rather let them be and let them enjoy their old age without much trouble to make them think always of the market volatility when they invest in it.

My parents also heard about Bitcoin and knew I was investing in it. But I also think like you, I know everyone wants money, but they have sacrificed their whole life to work hard to take care of and nurture us. They sacrificed their youth for our future, and now they need to rest. What I want is that they to have the last days of life to enjoy life and have fun with their descendants, I don't want them to face the risks brought by crypto. They are old, and having a lot of money cannot bring them happiness.

[Japinat]

Did you manage to convince your dads or other older people in your family to buy BTC?

Nope! I will never try to convince anyone! I will just provide information about cryptocurrency if they need but convincing people is something which I want to avoid.

Bitcoin and crypto market in general is super volatile. Unless I have the financial power to support them if anything goes wrong, I would never convince anyone to invest in cryptos. I did it back in 2017 and lost friends in this process.

Yes, I agree with that sentiment.

I think our role in the society is to only plant the idea about the cryptocurrencies and its future to their heads but never convince them to try and invest into crypto. That part is really up to them how will they react about that interaction afterwards, some might be curious enough what is it about and what does it do but doesn't have the will to have their own research to know about it.

[Lucius]

~snip~

I completely agree with you here, because in my beginnings some ten years ago I had a completely different philosophy and I told people that it would be wise to invest a few hundred $ in Bitcoin (and the price of 1 BTC was only a few hundred $), but no one didn't take it too seriously. In the last 5-6 years, things have changed, not only because most people say that BTC is too expensive for them, but also because it is not wise to expose yourself in any connection with Bitcoin in public.

In addition, older people (mostly) are not interested in new technologies, and I personally let them enjoy their old days, because realistically, they have earned it by working continuously for 40 years.

[Emmanuelex]

That's nice. I never really managed to convince my family about Bitcoin, but at the same time I'm not worried about it. They prefer to make use of fiat/cash, and tech is not really their thing. Most of them are are into trade business, so I'm not surprised. I'm the only one who is really into internet and tech stuffs.

[DatBTCGuy]

I absolutely understand what you all mean but it's 0.01 BTC, we are not talking about lifelong savings. I'm also relatively relaxed because we're not in the bubble phase of the market just before the top, so if history repeats itself, it's unlikely to lose much money for anyone investing now.

[Plaguedeath]

Your senior dad is already 79 years old, do you think it's a good idea to convince an old people about high risk stuff? I'm sorry to say this and I don't mean to wish this, but what if Bitcoin price drop 20% in a single day? and then after next few days, the price keep dropping until 50%? do you sure your dad wouldn't get a heart attack? be sure you need to understand what you're doing rather than convince someone to invest in Bitcoin.

[CryptSafe]

My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

From the looks, your account is a newbie account so i would start be welcoming you to this platform but it seems you are that vast and knowledgeable about bitcoin from all you have said. Anyways you have done well by on boarding your dad into bitcoin. It is rear to see the elderly getting involved  by investing in bitcoin as a business for them with regards to the volatility and their expectations which does not augur well. This is the sole reason when ever I meet with elders who are inquisitive about bitcoin I open up to them telling them everything about it so that they do not develop blood pressure in the future as a result of the market volatility and other unforeseen circumstances that might likely emanate in the future. You did well and i trust you did tell your dad the "not your keys,not your coin" phrase so as to keep him on the safe track.

[xSkylarx]

I don't want to convince anybody to invest in bitcoin; I just told them about it and let them decide if they want it or not. I think your father discovered it on his own; that is why he approached you to try it; probably he found an article or saw it in social media about it. Also, just a word regarding convincing people: it is risky because some people will blame you when the price drops or they lose their investment. The minds of people are built differently, so if you don't want to get mocked, don't convince them.

[darkangel11]

Good job with convincing your Dad, I hope he'll be satisfied with the results. It's important to let people know how to self-custody, secure the devices they use to hold bitcoin and make backups.
My greatest worry with older people is that they misplace stuff, forget their passwords, are talkative and brag about their investments. All this puts them at risk.

Personally, I have access to my father's account and I could invest his money, but I don't do it and I won't do it, even if he asks me. I don't want to be responsible for it and I don't need the burden of him calling me all the time because he read that "bitcoin CEO was arrested". Yes that's a real thing. He was listening to the news and they were talking about a "bitcoin CEO" but what they really meant was a CEO of a bitcoin exchange. To my father it's all the same because he's an older guy.

[posi]

I absolutely understand what you all mean but it's 0.01 BTC, we are not talking about lifelong savings. I'm also relatively relaxed because we're not in the bubble phase of the market just before the top, so if history repeats itself, it's unlikely to lose much money for anyone investing now.

That amount is not too large and will not be lost if you do not sell. But encouraging an 80 year old to invest or do something just for the money, I don't think it's a good idea. I also have an elderly father like you, and what I think he needs are days off and enjoying his old age. What they need now is the love of their children, health, and joy every day, not money. He will be happier, happier if you invest in bitcoin and make money from it, have a rich life, that's what he needs.

[Bananington]

Did you manage to convince your dads or other older people in your family to buy BTC?

Doing extra to convince a family member sometimes may not be the best because you can be blamed if things do not go as smoothly as they expect. You can always use any opportunity you have to state the benefits that bitcoins has both as a currency and for investment. After doing that, you let them and give them the chance to make the decision on their own rather than doing extra to convince them and get them to buy bitcoins. If you do extra some, some of them will just agree to buy bitcoins just so you can stop talking to them about it, but that is not how it should be. Their decision to buy bitcoins should be  out of interest and not pressure.

[Z-tight]

I absolutely understand what you all mean but it's 0.01 BTC, we are not talking about lifelong savings. I'm also relatively relaxed because we're not in the bubble phase of the market just before the top, so if history repeats itself, it's unlikely to lose much money for anyone investing now.

The money your dad has invested may not be a lifelong savings, but is your dad aware of the risks of his investment, or has he only invested because you convinced him that it is a good investment. I discovered that when most people are talking about BTC with their families, they only tell them how they are going to become rich if they invest, and they let them find out about the risks themselves after they have already invested. You dad may not have invested much for now, but what if he intends to buy more?

I do not convince people to invest in BTC, but for those that do, if you convince people to invest in BTC without telling them about the risks, just know that you are the one carrying the risks of their investment, and that is not a good position to be in.

[Nheer]

My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

Here where i come from a man close to 80 years will most of the time be lying down with the little strength he have I doubt he will be able to operate a computer.

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Convincing someone that old to invest in bitcoin is improper, I’m sure you will be the one handling his wallet, transactions and all his fund. I just hope you told him about the risks involved not just the benefits, is he aware of the market behavior and how the market is uncertain. Considering his age it is dangerous to get him involved in this kind of a thing. How will he cope when the market is bad and his money dropping. Did you put all this in consideration?

Now its not about him loosing his funds but how would he cope and what effects will it have on his health when he’s running at loss.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Since you’ve put him to it don’t forget to let him know how to secure his wallet and keys and what will happen when it gets in the hands of another user.

Did you manage to convince your dads or other older people in your family to buy BTC?

I won’t force people to join especially when they are older people, they are people that can be easily affected when there is a bad outcome.

[michellee]

I once tried to convince my parents but they just said they were too old to learn much about crypto so they still didn't invest in bitcoin. But they allowed me to continue learning and using crypto because they knew it was something new that might change the financial future of the whole world.

So congratulations if you have succeeded in convincing your parents to invest in bitcoin. You have to help him secure his bitcoins from others and always remind him not to keep his bitcoins in exchanges. And don't forget to remind him that crypto assets come with risks so your dad needs to stay calm in case something happens.

[Myleschetty]

I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

After the vulnerability, successful attack, and data breach of some password managers, I don't think it is wise to totally rely on password managers. It is better to do it locally. I hope you also teach him how to back up his multi-factor authentication equipment.

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

I respect his courage but you need to teach him how to use his Bitcoin securely. Piece of advice, don't be in charge of his Bitcoin investment. Things like that have led to conflict in some families.

[Smack That Ace]

I absolutely understand what you all mean but it's 0.01 BTC, we are not talking about lifelong savings. I'm also relatively relaxed because we're not in the bubble phase of the market just before the top, so if history repeats itself, it's unlikely to lose much money for anyone investing now.

The money your dad has invested may not be a lifelong savings, but is your dad aware of the risks of his investment, or has he only invested because you convinced him that it is a good investment. I discovered that when most people are talking about BTC with their families, they only tell them how they are going to become rich if they invest, and they let them find out about the risks themselves after they have already invested. You dad may not have invested much for now, but what if he intends to buy more?

I do not convince people to invest in BTC, but for those that do, if you convince people to invest in BTC without telling them about the risks, just know that you are the one carrying the risks of their investment, and that is not a good position to be in.

And in OP's case, OP's dad is 79 years old, and I'm really worried for his health if he sees bitcoin drop 20%-30%, I think the elderly will not be able to withstand such big shocks. Even a young person who has witnessed bitcoin's plunge during bear seasons can't help but be bewildered to see bitcoin plunge, let alone an elderly person who has never witnessed it. OP was really too risky trying to convince his father to invest in bitcoin.

[Davidvictorson]

I would never try to convince anybody... I'm a big crypto enthusiast, but i still consider crypto a high risk investment... I wouldn't want to be responsible if they'd lose their funds.

On the other hand, if they'd made up their own mind and just asked me for assistance, i would gladly help them out

Yes, this is it. Persuasion is out of the question when talking to people about bitcoin. I may convince or persuade you to get on a healthy regimen that may consist of eating fruits and vegetables, exercising, and getting enough rest, but when it comes to money matters—investing your hard-earned cash in a business or property—I never try to do it. I do my best to tell you the pros and cons and then leave it up to you to make the final decision. My reason is that, irrespective of how much profit the person may make at the beginning (during a bull market), they would forget and put the blame on you in the bear market. They would think that you have control over the market and its prices, and by extension, their money in the wallet. Therefore, you should have been able to prevent their money from falling.

[Zlantann]

Did you manage to convince your dads or other older people in your family to buy BTC?

Doing extra to convince a family member sometimes may not be the best because you can be blamed if things do not go as smoothly as they expect. You can always use any opportunity you have to state the benefits that bitcoins has both as a currency and for investment. After doing that, you let them and give them the chance to make the decision on their own rather than doing extra to convince them and get them to buy bitcoins. If you do extra some, some of them will just agree to buy bitcoins just so you can stop talking to them about it, but that is not how it should be. Their decision to buy bitcoins should be  out of interest and not pressure.

I am a strong believer of Bitcoin but I will never convinced or persuade anyone to buy this currency. I have carried out some Bitcoin awarenesses programs where I didnt only introduce Bitcoin as a an investment platform but as a currency. After the publicity programs, the decision to invest solely rests on the participants. Recommending an investment scheme to somebody is like guaranteeing the stability and profitability of the business.

OP said his dad is 79 years and is still investing in Bitcoin maybe he is investing for his children or grandchildren because the profitability of Bitcoin cannot be predicted. And your father is wonderful because mine will never invest in what he might not be able to understand. I hope you also told your dad about the volatility of Bitcoin to make him get prepared for the good and the bad.

[leonair]

~snip~

Hearing stories like this all the time makes it seem like the whole world is chasing Bitcoin. Stories like this are constantly being heard, someone is investing in bitcoins who is his grandfather, someone is teaching his brother, someone is teaching his friend, someone is teaching his uncle, someone is teaching his father.  Really love to hear the stories. But I am also confused as to how true these stories are 

Did you manage to convince your dads or other older people in your family to buy BTC?

I don't want to convince any old people in the family, including my father, to invest in Bitcoin. Because investing in cryptos carries high risks that are not commensurate with their age. But for my future generation to keep pace with the modern world, I will teach my sons and daughters about Bitcoin and also about its investments.  I think my plan is not bad

[Kryptowerk]

I would never try to convince anybody... I'm a big crypto enthusiast, but i still consider crypto a high risk investment... I wouldn't want to be responsible if they'd lose their funds.

On the other hand, if they'd made up their own mind and just asked me for assistance, i would gladly help them out

Pretty much on the same page. Still, remember, everyone is ultimately responsible for their own actions. Following your "advice" or even convincing arguments is still THEIR choice.
Generally I think people take too little responsibility for their own shit and love to blame others for their misery. So that already should be enough to shy away from trying to convince anyone. However, if it ever happens, just keep in mind: Their life, their responisbility.

@OP: I think it's great, sounds like a "natural process" so to speak and investing smaller amounts (each month) should be a great way to gain exposure towards crypto.
GL to the both of you.

[famososMuertos]

...//...::

It does not matter if his story is true or not, the important thing is the objective, it is not complicated to "buy", it is a paradigm within some bitcoin users that curiously bitcoin seeks to break complex paradigms, such as traditional banking, so invest in bitcoin is made for easy access.

Leave the fear, recommend Bitcoin, it is a straw nowadays not to recommend bitcoin. If people have their heads in social networks there is nothing worse than that.

The only basic thing in starting to buy bitcoin is common sense, please, it is not a rule to have to teach that you should not sell your house to buy bitcoin! or yes?, and add that it is possible that its value will come down to 80%, after that if you understand it correctly, invest.
^{Disclaimer:
This is not investment advice, your money and how you spend it are your decisions and responsibility.}

[ringgo96]

to convince someone to invest in Bitcoin is certainly very difficult and I am sure that many crypto users today they have their own desire to get to know the crypto world so they want to find out how to use bitcoin, then I salute you who can convince people who are old to be able to invest in bitcoin, and currently I can only tell close friends who want to learn about the crypto world and it does have confidence  alone.

[Outhue]

My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

He thought Bitcoin investment was too risky and you said 'not sure why' really? He is over 70+ for crying out loud, all his life he have never seen anything going head to head with FIAT currency and this is the first, so you except him not to doubt? Bitcoin is still risky because it is volatile, a perfect reason not to try forcing anyone to invest in Bitcoin.

I have never tried to confuse anybody to invest in Bitcoin and I don't picture myself ever doing that, you must give them the reasons why Bitcoin is worth giving a shot, step back and let them do some research and if they like the idea behind Bitcoin that's where you can come in.

I am glad he supports you anyway, my respect for any older person that are still open to trying out new things, not many older people like doing such.

[Uruhara]

Convincing someone means we are responsible for the decisions that have been taken by them. so that I have no intention to do so at this time.

but I will be very open if someone approaches and asks me about bitcoin. I will explain it honestly and to the best of my knowledge. and let all the decisions rest in the hands of that person.

but it seems your father did decide it himself. and it seems you have a very close relationship with your father. so I hope you continue to pay attention to your father. and tell him more clearly about the risks taken and everything else. although it seems you have told your father about this several years ago. but try to remind him again.

I love how you and your father can share this knowledge with each other. and it seems your father is a smart person. because he can see and predict which way the world is headed. for example your father who bought a computer device for you. it was an extraordinary thing about a father figure at that time.

[Rikafip]

Did you manage to convince your dads or other older people in your family to buy BTC?

Nope, I never tried nor I will do. I saw some bad examples around me of friends telling their family members that ended up bad so that was enough for me not to go that road. If anything, I managed to talk out few family members from investing because some of them simply couldn't afford it, while others wouldn't be able to handle the bear market and are prone to panic.

Anyway, I hope your dad fully understands the volatile nature of bitcoin and that it may take some time before he is in profit.

[kryptqnick]

It seems that in the case of the op, the father wanted to invest and came to the son about it years after the initial discussion of what Bitcoin is and how it can be an investment. So, to be honest, it doesn't seem like much convincing happened here (and it's a good thing as convincing people to make certain financial decisions is problematic, as others noted). I am happy you have such a progressive parent who is ready to explore new areas at the age of 79. Even if he doesn't buy more, I think it's a good investment. I wouldn't try to convince my older relatives to invest in Bitcoin, but I wouldn't hide interest in Bitcoin either, so if they come at some point, I'd be there to help but make sure they understand the risks and that I'm not responsible for what happens next.

[tjtonmoy]

Did you manage to convince your dads or other older people in your family to buy BTC?

Well, I have told my family about Bitcoin but haven't told them to buy it. They understood the concept. I guess I was able to give them the right knowledge and they are very supportive on my works too. But as they are less connected to the technology world, they aren't able to buy and sell BTC, and from my understanding, I should not help someone to buy it or force them the concept unless they are willing to do it themselves. But my sister told me many times and see keeps her money in bank. So she wanted to take out those moneys and invest in Bitcoin. So I helped her. She's been holding BTC for over a year now. But I told her not to invest all. So she did and kept her half money in bank.

[pixie85]

Here where i come from a man close to 80 years will most of the time be lying down with the little strength he have I doubt he will be able to operate a computer.

My dad is 82 and he's driving a car and gardening. Let's not generalize there's many different people in the world. I doubt that, even in your country, when a man reaches the age of 80 he lies down in bed and starts watching TV and pissing in a pot.

Convincing someone that old to invest in bitcoin is improper,

It's not. An 80 year old person is completely capable of making decisions.
I know 80 year old professors who hike in the mountains every year and do 2 hour long lectures. If they don't need other people to manage their bank accounts they can manage a bitcoin wallet.

[Sanitough]

I would never try to convince anybody... I'm a big crypto enthusiast, but i still consider crypto a high risk investment... I wouldn't want to be responsible if they'd lose their funds.

On the other hand, if they'd made up their own mind and just asked me for assistance, i would gladly help them out

I don’t see myself too convincing anybody just to invest in bitcoin, and I won’t do that even in the future. I know how risky bitcoin investment is, so if one wants to invest, he should do it by his own willingness and not because i have convinced him. Though I have been in crypto for years, but all those times, I have not even told anybody that I am into bitcoin except for my family and closest friends.

[ScamViruS]

My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

Convincing someone to invest in crypto is risky, because if he loses, he will blame me as the reason for his loss. So I would be more interested in getting someone interested in learning about crypto, so that he can enter the market with a detailed knowledge of crypto and avoid making losses.

In any investment case, the person who convinces someone to invest in something, is later blamed for their losses. Gaining knowledge about Bitcoin is important, so make your Dad more interested in learning so that he can make decisions on his own. Hope your dad's crypto journey is awesome. And he can take the best advantage of Bitcoin.

[Russlenat]

Good for you if you have convinced your senior dad, but make sure that he knows the risk of bitcoin investment so that he won’t blame you if ever that investment fails in the future. However, I have not managed to convince anyone to invest in bitcoin because I am not really doing it. I prefer to keep it only in myself because I know that people would always have to say negative about bitcoin, the reason why I never share my bitcoin experience to them. But if ever they’ll come to me and ask about bitcoin, I am very willing to share about my thoughts on it but never will I convince them to invest in it. If they want to invest later on, maybe that should be their own decision and not from me.

[Oasisman]

Convincing a senior anything incorporated with the latest technology, especially with complexity like cryptocurrency or Bitcoin is not as easy as you think. Lucky for you, you have a techy dad, he'll never had to start from the very bottom like finding the letter "b" on the keyboard.
Also, convincing your senior parents bears a responsibility against you, your siblings might sue you and accuse you for stealing their pension, if your parents will lose their Bitcoin investment because he never have enough knowledge  about it.
So, we should always be mindful in convincing someone to any form of investments.

[Munir575]

Do you believe it's a good idea to persuade an elderly person about risky things considering that your senior dad is already 79 years old? What happens if the price of Bitcoin continues to fall? Given his age, are you certain it won't affect his health negatively? When inviting someone to invest in Bitcoin, you need to know what you're doing and whether it's safe for them.

[n0ne]

Do you believe it's a good idea to persuade an elderly person about risky things considering that your senior dad is already 79 years old? What happens if the price of Bitcoin continues to fall? Given his age, are you certain it won't affect his health negatively? When inviting someone to invest in Bitcoin, you need to know what you're doing and whether it's safe for them.

If his dad have got the real understanding about the market then it is ok. In most cases it is quite risky task to make people understand well and they will be on the panic state forever. For this reason if someone request to know about cryptocurrencies I just give them the idea and brief them about the risks associated. In this act it is possible to stay on the safer side, because when they invest and doesn't have patience they'll surely end up losing and the blame will be upon us. This happens when the person lacks understanding about cryptocurrencies.

[Oceat]

It's not bad to try and convince the others but you should also know the risk what you are putting into them if things don't go as you planned. I wouldn't convince someone to invest in Bitcoin if they haven't had enough clue of what they are investing it's too risky and tiring at the same time to teach someone almost everything when investing.

And also, why would you convince your elderly dad to invest when the main goal of having a Bitcoin is for long term investment. Perhaps, because you just said it was a digital gold that's why he was persuaded but those coins he invested wouldn't directly go to him or to someone because Bitcoin has no owner.

[Smartvirus]

My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

Good enough your dad prepared you for the times ahead but, having an elderly invest in bitcoin is not of many benefits to the old timer. Apparently, that would benefit you as the ward the most. In fact, its more better to let them know what potentials are out there on the network and have them take some investments as some assurance on their ward's behalf.
0 years of age, that's way past the average lifespan of humans these days and those of that age don't usually do much more. Risk taking isn't exactly there style and most especially, for a growing network which, known for its volatile nature and can leave an old timer thinking way much than he ought to. Perhaps you would continue your guide. Whatever is best for both of you.

[milewilda]

Did you manage to convince your dads or other older people in your family to buy BTC?

Im not minding that much on telling someone inside the family whether you are a single or a married person whose trying to explain out about Bitcoin or crypto as a whole.If you do have a dad which is really that literate
when it comes to technology or does really have that kind of interest into those things then explaining him about bitcoin wont really be that much of an effort compared into those dads who are really get used into those traditional investments which is understandable.It is actually depending on someones interest and someones preference whether they would really be having plans on telling the opportunities on where
Bitcoin or crypto could give when it comes to long term holds.

[DatBTCGuy]

Thanks everyone for your concern on our situation. Showed the thread to my dad and he's appreciated it a lot. He loves the fact total strangers cares so much about him as he's not used to it in the real life.

BTW yes, I made him aware of all the risks. He's just got that tiny amount for now, but he doesn't exclude he may buy more in the coming months. His goal is not to get rich off BTC, he just likes this "new" kind of money where banks have no control, to him it's a revolution.

[Uruhara]

Thanks everyone for your concern on our situation. Showed the thread to my dad and he's appreciated it a lot. He loves the fact total strangers cares so much about him as he's not used to it in the real life.

BTW yes, I made him aware of all the risks. He's just got that tiny amount for now, but he doesn't exclude he may buy more in the coming months. His goal is not to get rich off BTC, he just likes this "new" kind of money where banks have no control, to him it's a revolution.

Glad to hear that you have told your father about the risk he took in investing in bitcoin and I really appreciate you showing something new for your father which maybe this will indeed be a source of pride for him who is already at an advanced age. And I like parents who are open minded with advances in technology.

good luck guys.

[LogitechMouse]

~
Did you manage to convince your dads or other older people in your family to buy BTC?

The fact that he is into computer in the early years made him decide whether Bitcoin is a good thing to invest with or not. Back in the 90's, it's the stock market that's existing if you want to get some assets. Of course this disregards the precious metals that you can be bought. No other crypto market at that time.

Convincing my parents to invest into Bitcoin might be impossible for me. They don't have any background when it comes to investing in general. They have an "employee" mindset, and didn't try investing at all. I'm not telling them to invest though and will not convince them, but if I will say it to them, they might be skeptical when they heard it or find it confusing for them to learn knowing that they are seniors already.

[Tony116]

Good for you if you have convinced your senior dad, but make sure that he knows the risk of bitcoin investment so that he won’t blame you if ever that investment fails in the future. However, I have not managed to convince anyone to invest in bitcoin because I am not really doing it. I prefer to keep it only in myself because I know that people would always have to say negative about bitcoin, the reason why I never share my bitcoin experience to them. But if ever they’ll come to me and ask about bitcoin, I am very willing to share about my thoughts on it but never will I convince them to invest in it. If they want to invest later on, maybe that should be their own decision and not from me.

Indeed, there is no guarantee that I will succeed in investing in bitcoin, so giving investment advice to someone is not something I want to do, even if it is a close family member, because if they lose money, they will immediately blame me.

Currently, my brother is also starting to learn about bitcoin, but both have families, so I don't want to be blamed, all I can give to him is his knowledge of investing. I never shared my portfolio, I wanted him to educate himself and make his own choices.

[crunck]

Do you believe it's a good idea to persuade an elderly person about risky things considering that your senior dad is already 79 years old? What happens if the price of Bitcoin continues to fall? Given his age, are you certain it won't affect his health negatively? When inviting someone to invest in Bitcoin, you need to know what you're doing and whether it's safe for them.

For me it is a bad idea, I don't see any benefit for a 79 year old to invest in bitcoin, conversely, if bitcoin is volatile, it will shock his father. If he is a filial son, he should focus on his investments and buy things that his father likes, for an old man, they need time and joy, not money. If we want to give investment advice to others, we should choose the right audience.

[HajiBagi]

It's not a bad idea that you were able to convince your father to purchase bitcoin and that he is interested in doing so, but I don't believe it's a good idea to convince someone who has retired from their work to buy bitcoin because it's quite risky. An elderly person who is familiar with technology and has some knowledge of bitcoin, on the other hand, can buy bitcoin, but he must be physically capable of doing so. I haven't persuaded anyone about bitcoin, I'd rather explain what bitcoin is and how it works than try to get him to buy some, convincing someone to buy bitcoin is risky because it can have unanticipated implications.

[DeathAngel]

Always good to get more people on board with bitcoin. Buying 0.01BTC isn’t going to make him rich but it’s an interesting venture for him to follow.

You got him involved at a good time when we are in a bear market. Would have upset him buying in 2021 & seeing the price go down. We should be somewhere near the bottom now so he can enjoy it going up in 2024 & 2025 .

He will most certainly do better with his money in bitcoin rather than fiat long term. Make sure he knows how to buy more & use cold storage to hold his bitcoin if you know how.

[virasog]

Did you manage to convince your dads or other older people in your family to buy BTC?

You really did a good job in convincing your father, because it is very hard to convince people about bitcoin because they are traditional and do not want to adopt new changes in the world.
Also, it is not very easy to understand bitcoin and how does it work. I hope you will tell your dad on how to secure your wallet and other stuff so he does not lose this 0.01 BTC. I do hope he buys more as this might be the best time to invest in bitcoin.

[Rockstarguy]

I would never try to convince anybody... I'm a big crypto enthusiast, but i still consider crypto a high risk investment... I wouldn't want to be responsible if they'd lose their funds.

On the other hand, if they'd made up their own mind and just asked me for assistance, i would gladly help them out

Convincing people to invest in crypto will always end up in quarrels or misunderstanding , the only thing I can do is to introduce crypto to people who don't have knowledge about cryptocurrency,  then it is left for the person to invest in crypto or not to responsibilities of every risk.  Investing must be a choice that comes from the mind, and should not be imposed on people. When one decides to invest willingly the patience, interest will be there unlike one who was forced into crypto investment.

[AnonBitCoiner]

one can convince others to accept bitcoin if he get some success in it but I think that if he is newbies and have no such experience then Convincing other is somewhat difficult. I have tell about crypto investment to my family members and they start investment because they have seen my success in crypto investment.

If I have made investment in crypto and do not get cashback then how people will admire me because they will see my success and failure. So it's important to convince someone by showing your success to them. Giving them details about it and enhancing their knowledge can make them adapted to it.

[alastantiger]

Did you manage to convince your dads or other older people in your family to buy BTC?

Trying to convince an elderly person consider to investing in BTC is not an easy task at all. This is because you have to first confirm that they are digitally literate, next is their willingness to learn something new, after which you want to check their motivation to action.  I have not really tried it once. Am just thinking about the possibility because my parents does not really have an idea about anything digital. So before i could tell them about BTC, i will have to first start by introducing them on how to use Computer system and what BTC is all about.
There is no harm in trial. Maybe i should give it a rethink.

[Woodie]

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC.

How I wish senior dad had this edge to join crypto back in the early 2020s by now he would be laughing himself all the way to the bank for the huge gain's gained from the investment...but unfortunately we cannot predict the future and live each day as it comes.

Did you manage to convince your dads or other older people in your family to buy BTC?

As much as I would love the older people around me to get into crypto, I feel this tech is better with the younger generations that can process loss better and keep up with price and the technology around it.

[borovichok]

Did you manage to convince your dads or other older people in your family to buy BTC?

Bitcoin is a top project in the market and persuading my Dad was a difficult task because he doesn't believe the new age which consists with new technology. He labelled cryptocurrency as scam because his friends were victims of scammed projects in the space, however they didn't got the legit information about the market, they just rush with their desperation to make profits from the market, that's not how the market works, it's basically step by step. Although I've tried my best to talk to my Dad to retry his efforts to invest in bitcoin, he gave me Yes for an answer, but I'm hoping for a good entry into the market because I really want to change his mentality and mindset about the market, I want him to see the good profitable sector of the market.

[montreal1]

very cool but if he is at retirement age and starts heavily buying, then I would urge him to limit his exposure to volatile assets like BTC and keep it a relatively small percentage of his portfolio

[cydrix]

Did you manage to convince your dads or other older people in your family to buy BTC?

I tried it but I was not able to convince them since they are more focused on physical things. It would be nice if I persuaded one of them.
Convincing people specially from your family or friends is way easier than convincing other people to buy Bitcoin. Sme of my friends bought bitcoin with me before and now they are on trading which nice to have them around because we can talk about the market and news about bitcoins.

It is a good idea that you convinced your dad into buying bitcoin because most of dads won't do it. Best Bitcoin wishes to your dad!

[CryptoHeadlineNews]

Trying to convince someone to buy Bitcoin is just like trying to force someone, of which if anything happens to go wrong you are likely to be held responsible, because Bitcoin as an asset is not what you try to convince people to buy, but rather educate people about this new digital decentralized currency, as it has got its merit and demerits. I.e, how it works, how to store it and the most secure place to buy it without being scam for whoever happens to be interested in it.

So I can't convince anyone to buy Bitcoin, but I will be fully glad to assist anyone to the very best of my ability

[EFS]

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

Congrats to you and your dad. You convinced your dad to make a purchase. Even if he's skeptical about Bitcoin, he believes in you and cared about your opinion. He probably doesn't have much financial target left for himself, all investment is for children. It's never too late to buy Bitcoin!
Over the years young or old, I told too many people about Bitcoin and got mixed reactions. In the end we shouldn't expect everyone to understand or react well.

[Finestream]

~
Did you manage to convince your dads or other older people in your family to buy BTC?

The fact that he is into computer in the early years made him decide whether Bitcoin is a good thing to invest with or not. Back in the 90's, it's the stock market that's existing if you want to get some assets. Of course this disregards the precious metals that you can be bought. No other crypto market at that time.

Convincing my parents to invest into Bitcoin might be impossible for me. They don't have any background when it comes to investing in general. They have an "employee" mindset, and didn't try investing at all. I'm not telling them to invest though and will not convince them, but if I will say it to them, they might be skeptical when they heard it or find it confusing for them to learn knowing that they are seniors already.

Maybe that could be the reason too why his father is still eager in bitcoin investment since he was really fond of technology by then. But seeing his already senior, he must be enjoying his retirement instead than to take risk in an investment which has even no guarantees if he will succeed or not later on. But I guess, it’s still his decision he will follow in the end. However, I’m not really into convincing other people to invest in bitcoin not because I want to be greedy, but I’m afraid that they will put the blame on me once everything did not work in the end. I prefer to just invest on it secretly, than to share it to others and they might only think that this is just another sort of scam.

[Fatunad]

~
Did you manage to convince your dads or other older people in your family to buy BTC?

The fact that he is into computer in the early years made him decide whether Bitcoin is a good thing to invest with or not. Back in the 90's, it's the stock market that's existing if you want to get some assets. Of course this disregards the precious metals that you can be bought. No other crypto market at that time.

Convincing my parents to invest into Bitcoin might be impossible for me. They don't have any background when it comes to investing in general. They have an "employee" mindset, and didn't try investing at all. I'm not telling them to invest though and will not convince them, but if I will say it to them, they might be skeptical when they heard it or find it confusing for them to learn knowing that they are seniors already.

Maybe that could be the reason too why his father is still eager in bitcoin investment since he was really fond of technology by then. But seeing his already senior, he must be enjoying his retirement instead than to take risk in an investment which has even no guarantees if he will succeed or not later on. But I guess, it’s still his decision he will follow in the end. However, I’m not really into convincing other people to invest in bitcoin not because I want to be greedy, but I’m afraid that they will put the blame on me once everything did not work in the end. I prefer to just invest on it secretly, than to share it to others and they might only think that this is just another sort of scam.

Its never been hard on hooking up someone to invest on bitcoin or other internet related things if that someone on whom you had introduced is something that has knowledge and interest about internet things whether
it would really be your father or someone who you are tending to explain it off.These what makes things even more simpler if you do really tend to explain it out.Its good that you hook up someone on your family
and we know that father does always knows on whats good or bad but it would be ideal on explaining out something because dads arent all-knowing beings which there are things which they might
missed and now basing up on what op had said on that situation then it is really that something good to look at that he had succeed out.

[pawel7777]

Did you manage to convince your dads or other older people in your family to buy BTC?

Why would you do that though? The point of investing is to build up wealth to enjoy at the later stage of your life. But if you're already at the late stage of life, investing for the long term makes little sense. There's a time to chase money and there's a time to slow down and relax.

That's unless you want to build generational wealth to pass down your bloodline, but that kind of thinking is rather rare for the baby boomer generation. And even if, at the age of ~80 your kids are probably mature enough to manage the family capital themselves.

So sure, there's nothing wrong in introducing older people to Bitcoin, but making them buy it as a long-term hold is not a great idea.

[NicNacCoin]

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Kudos to you for getting your father involved in Bitcoin, but one thing is very important as you have already invested 0.01BTC encouraged by your father. You have not mentioned in which wallet you have kept your invested bitcoins, now I will give you an important advice from my side, if you store your invested bitcoins in exchange wallet / online wallet, then you should remove your invested bitcoins very quickly. You should store your Bitcoin holdings in a Cold/Hardware/offline wallet. Because at any time the Bitcoin stored in the centralized exchange wallet can vanish.

Did you manage to convince your dads or other older people in your family to buy BTC?

At the moment I have not asked anyone to invest in Bitcoin but I asked my 68 year old Malaysian expatriate uncle to invest in Bitcoin a few months ago. He confirmed to me last few weeks that he invested $4000 in Bitcoin. That was my last bitcoin investing advice.

[Rigon]

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

You are indeed a lucky person because your father is still with you on earth. I send my sincere greetings to your father. But I think your father started investing in btc towards the end of his life. Pray to God that your father lives long and sees the halving of Bitcoin. Currently, the market is very chaotic by investing in this random market, your father may lose his mind temporarily. But don't worry about it, you have to wait for sure you and your father will get success. Gradually build up your investment and you will soon be able to earn a lot of money.

[qwertyup23]

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

This story is certainly wholesome! The fact that his age does not stop him from betting and attempting to learn about cryptocurrencies warms my heart. But it also sends a message to everyone that age cannot hinder our goal in striving for success. Given that your dad is interested in this kind of technology, for sure that ht would be able to grasp and understand the basic fundamentals of BTC.

Personally, I tried convincing my mom in investing at least a certain amount of BTCs but she quickly dismissed the idea. She understood that it was risky, but she does not want to experience such risk with her money. Instead of investing, she focuses her attention to our needs and essentials.

[KennyR]

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

You are indeed a lucky person because your father is still with you on earth. I send my sincere greetings to your father. But I think your father started investing in btc towards the end of his life. Pray to God that your father lives long and sees the halving of Bitcoin. Currently, the market is very chaotic by investing in this random market, your father may lose his mind temporarily. But don't worry about it, you have to wait for sure you and your father will get success. Gradually build up your investment and you will soon be able to earn a lot of money.

Even if he had invested few years back he'll be at his 60+ years of age. Even at his 70's he had gained the interest on technology based investment when most of them were thinking of taking rest with what they've earned. As mentioned pray for good health and wealth automatically follows him as his investment is on bitcoin.

[Zorigi]

In my opinion, in teaching bitcoin to our parents or relatives, there should be no coercion and don't try to convince because in my opinion, in terms of investing in bitcoin, there should be no coercion, because investing in bitcoin is very risky, because we will not know the price of bitcoin in the future. don't let us invite siblings or parents, in the end we are blamed for the loss he received.

[btc78]

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

it is not new when you told him because it is 2020 and bitcoin had already existing for 10 years so i think mentioning this about digital gold is correct but it does not mean its new.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

congrats to him , but instead of pushing him to buy more , let him learn about this forum and study more about bitcoin and for sure ? he will buy more in the future.

Did you manage to convince your dads or other older people in your family to buy BTC?

have done this many times and yeah some of them are still investing but I hate doing this now instead i only telling them to read here.

[Charmekkd]

if he already knows about the risks of investing in btc there is actually no problem instead it is a good thing.

but I personally failed to convince my father to invest in bitcoin but he supports me investing in bitcoin.
so of course in terms of investing in bitcoin it cannot be forced because everyone's views are different.

[lienfaye]

Did you manage to convince your dads or other older people in your family to buy BTC?

Since your dad is aware of the current technology, then probably he did his research about Bitcoin (after you introduced it to him) and after seeing the potential, he decided to engage himself. So congrats for convincing your dad, for letting him be aware of this digital gold.

In my case, I entertain people who are showing interest but not to the point that I will convince them to invest. Because as others have said already, I also don't want to be the one to blame incase something went wrong with their investment. Hence, I prefer to let them decide not because I convince them to do so.

[cozytrade]

In my opinion, in teaching bitcoin to our parents or relatives, there should be no coercion and don't try to convince because in my opinion, in terms of investing in bitcoin, there should be no coercion, because investing in bitcoin is very risky, because we will not know the price of bitcoin in the future. don't let us invite siblings or parents, in the end we are blamed for the loss he received.

I think one can never be taught anything by force. It would be foolish to do something against someone's will. So I think if someone wants to learn about Bitcoin with his own interest then we should help him. If someone does something against his will.  It is our duty to stop him. So I think it would be completely stupid to force anyone to get information about bitcoin. If anyone is interested, we can help him and explain him all the information about bitcoin.

if he already knows about the risks of investing in btc there is actually no problem instead it is a good thing.

but I personally failed to convince my father to invest in bitcoin but he supports me investing in bitcoin.
so of course in terms of investing in bitcoin it cannot be forced because everyone's views are different.

Investing in bitcoin is a risky business but if you invest in bitcoin at the right time, you can earn good amount of money from it. But there are some people who invest in bitcoin against family. I think they are foolish. Invest with family consultation.  It would be great if you can. I take permission from my family and invest after that.

[Supianto]

if he already knows about the risks of investing in btc there is actually no problem instead it is a good thing.

but I personally failed to convince my father to invest in bitcoin but he supports me investing in bitcoin.
so of course in terms of investing in bitcoin it cannot be forced because everyone's views are different.

The funny thing, my mom asks me sometimes where should she invest. But all I can say is to make some research, I can't take responsibility for someone money. She knows I have some Bitcoin, but I can't just say "buy Bitcoin".

[Plaguedeath]

The funny thing, my mom asks me sometimes where should she invest. But all I can say is to make some research, I can't take responsibility for someone money. She knows I have some Bitcoin, but I can't just say "buy Bitcoin".

You made a good choice because you're not trying to promote the asset you're invested, your mom need to learn yourself because any decision is depend on her and it's can be used to avoid drama whenever the Bitcoin price is keep declining. I can't accept if someone which I've teach about Bitcoin will ask me about Bitcoin everyday and trying to blame me because I introduce Bitcoin to them. That's why I keep remain silent, until someone is interested from themselves.

[bakasabo]

Why not create a separate topic where users can post their stories about how they convinced someone to invest, told someone about cryptocurrency (and later those people invested), how they helped their friend/family member/stranger to install wallet and buy cryptocurrency and etc? Because nearly every week or day I find topics with different subject, but similar context of how one persons does something with other, and in result we have a new cryptocurrency owner. We are discussing one and the same things all the time. How people should be responsible. How people should do their own research. Should or should not we influence on someone's decision to invest. Same thing over and over again.

[maydna]

I'm glad to see your father finally wants to invest in bitcoin without any pressure from you and that's how it should be. We need to introduce him to bitcoin and explain what we can while inviting him to dig deeper into bitcoin investment so he can understand better.

I find it difficult to convince parents who are not familiar with anything from the internet because many of them don't believe that it really exists. Maybe if they ask about bitcoin investment, then I will explain everything. Otherwise, I would not offer him to invest in bitcoins because it would be related to one's finances.

[Bestdss]

Wow! Just wow!!
You must be a good orator and marketer to have convinced your old man to invest in crypto-currency having used Fiat much more of his life. I don't know the name of your country but if our older parents let's say from 60 yrs and above in Africa can give cryptocurrency a trial our Economy will boom but funny enough most of our youths still perceive cryptocurrency as scam.

[MoonOfLife]

Wow! Just wow!!
You must be a good orator and marketer to have convinced your old man to invest in crypto-currency having used Fiat much more of his life. I don't know the name of your country but if our older parents let's say from 60 yrs and above in Africa can give cryptocurrency a trial our Economy will boom but funny enough most of our youths still perceive cryptocurrency as scam.

How will you make your economy boom by investing in bitcoin? Bitcoin is not a get-rich-quick tool. What happens when the value of bitcoin drops 50%, and are you sure your parents will withstand that shock?
Cryptocurrencies are scams, created and disappearing projects like Luna and FTX are scams, and our youths are not wrong. Apart from bitcoin, all that remains is gambling and scams.

[jrrsparkles]

My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

I am not really interested in convincing people to invest in BTC but I will teach about how the technology works if someone really interested to know. BTC is highly volatile so introducing them as an investor is not really a great idea moreover it affect the relationship between them if they lost it somehow. But teaching about BTC to the upcoming generation really matters though cause if we really adopt to the system then young generation people will be the high percentage of the users of BTC.

[Lida93]

It's such a great idea inviting people to know about cryptocurrency and the potentials it can offer to those that are into it, but on the other hand I hate being blamed for any losses someone might incur because he  or she decided to invest into crypto because I told them to do so.
Be it a relative or colleague I can only introduced you to the idea of the existence of cryptocurrency but never gonna try to convince you to invest, as I don't know your plans before you decided to invest and with the volatility of the market there's much chances things might go as you had planned, so I now git caught up in the blame net.

[CryptoHeadlineNews]

I don't know the name of your country but if our older parents let's say from 60 yrs and above in Africa can give cryptocurrency a trial our Economy will boom but funny enough most of our youths still perceive cryptocurrency as scam.

To be frankly speaking, you just need to understand that the general adoption of Bitcoin does not make a country's economy boom over night, if not countries such as "El Salvador" and "Central African Republic" who just made Bitcoin a legal tender would have been the most richest two countries by today, but yet El Salvador is ranked 119th in the entire world. And moreover, there is no age bracket to who can & who can not invest in Bitcoin, in as much as they understand the basic concepts and are willing to bear the risk. But it will be very unfair to just convince an elderly man who has no knowledge how the project works, simply because you are eager to earn a commission from an exchange affiliate

[DaNNy001]

Wow! Just wow!!
You must be a good orator and marketer to have convinced your old man to invest in crypto-currency having used Fiat much more of his life. I don't know the name of your country but if our older parents let's say from 60 yrs and above in Africa can give cryptocurrency a trial our Economy will boom but funny enough most of our youths still perceive cryptocurrency as scam.

Well you won't blame them as the rate at which people get scam around the world s very high and another factor that contribute to this thought is the lack of proper explanation and view towards cryptocurrency. Most times people often get ponzi scheme and cryptocurrency investment confuse because ponzi scheme are often platform filled with large promises of profits and most times scammers used this as a weapon coined with cryptocurrency investment and as you know humans and their greed, they usually get involved.

[Flexystar]

My dad is 79 yo. He's a retired

Ahhh, I think that was literal indication you could have stopped right there and let him be on his own mate. I don’t know, everyone has their own thoughts about it and can do whatever they want but when it comes to old age people and people who are retired should be left to live their own life with their own desires. Who knows your grandpa never wanted to do that?

In addition to everything, they are 79 which means they have lived through most dramatic world that we could have ever imagined. I think I would never do that.

Did you manage to convince your dads or other older people in your family to buy BTC?

That’s gonna be big no for sure. As I explained my thoughts above, that’s enough justification as to why I wouldn’t ask someone to force into bitcoin.

[Distinctin]

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

Congrats to you and your dad. You convinced your dad to make a purchase. Even if he's skeptical about Bitcoin, he believes in you and cared about your opinion. He probably doesn't have much financial target left for himself, all investment is for children. It's never too late to buy Bitcoin!
Over the years young or old, I told too many people about Bitcoin and got mixed reactions. In the end we shouldn't expect everyone to understand or react well.

Well, everyday is a good chance to invest in bitcoin and definitely hold it for long term as it’s more profitable that way. But I guess only crypto enthusiasts know that, as most of the people I’ve shared bitcoin before still end up hesitant with bitcoin. That’s why I want to congratulate you OP for finally seeing your dad now venturing in bitcoin as bitcoin does not matter whether you’re young or old as long as you can manage the risks investing in bitcoin. I just hope your dad will chose to be more patient than be aggressive when it comes to bitcoin profiting.

[Fivestar4everMVP]

I would never try to convince anybody... I'm a big crypto enthusiast, but i still consider crypto a high risk investment... I wouldn't want to be responsible if they'd lose their funds.

On the other hand, if they'd made up their own mind and just asked me for assistance, i would gladly help them out

You took this right outta my head, to be honest, I flinch when ever I read users saying they convinced this or that family member, or even co-worker to invest in crypto, particularly bitcoin, which stands out as the number one and most legitimate crypto coin out here.

With how risky I consider crypto to be, last thing I also would do is try to convince any body to invest, Infact, I feel it's even a bigger risk on an individual to convince another person to invest in crypto, as at the end of the day, the individual get all the blame for any losses incurred as a result, and however, what if there is a gain?, only a very few persons will come back to say thank you for convincing them to invest in bitcoin, at the end of the day, its not worth it at all.

[Bushdark]

My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

Op wtriy is very weak and I smell something fishy but he may not understand for now. Whatsoever he might had taught his dad is good but he needed to make the whole process simple and very plain since is day is a old papa. I would not even bother to teach someone of that age because I know that age is closed to heaven so why would I teach and mkes you hold Bitcoin which you would finally hide your phrase and when he died no one will know how to retrieve the money in the Wallet. Ai can always tecah him for the fun but to for him to hold Bitcoin at that age.

[pawel7777]

Apart from bitcoin, all that remains is gambling and scams.

How is say Litecoin a scam and Bitcoin is not? Is LTC a scam just by virtue of not being Bitcoin?

Whatsoever he might had taught his dad is good but he needed to make the whole process simple and very plain since is day is a old papa

People age differently, some remain intellectually sharp even in the advanced age, look at Joe Biden... just kidding, look at Warren Buffet (92y.o.) or Charlie Munger (99y.o.). At the same time, IQ and attention span are on steady decline among younger generations. As evidenced by many posts in this very thread.

But yeah, at certain age being a long-term holder is kind of pointless.

[Tazzy4050]

I managed to convince my senior dad to invest in BTC by explaining that it was the future. He read up on the topic and decided to buy some for me as a gift.

I promised him that in three years, he will be a millionaire.

I managed to convince my senior dad to invest in BTC because it has positive characteristics: cheap, stable and technology-oriented. The price of Bitcoin is now higher than the price of gold. This is evidence that Bitcoins are becoming more popular, especially among young people who have no access to banking. I am surprised that senior citizens still don't know about this opportunity.

If you need to spread the word, I’m here for you.

[Iranus]

I promised him that in three years, he will be a millionaire.

Did you just buy some bitcoin and think after 3 years it will make you a millionaire? It would be best if you woke up, don't be too delusional. Bitcoin is not a tool to help you become a millionaire with just a small amount of capital.

I managed to convince my senior dad to invest in BTC because it has positive characteristics: cheap, stable and technology-oriented. The price of Bitcoin is now higher than the price of gold. This is evidence that Bitcoins are becoming more popular, especially among young people who have no access to banking. I am surprised that senior citizens still don't know about this opportunity.

If you need to spread the word, I’m here for you.

I don't mean to offend you, but I recommend learning more about bitcoin before investing or giving someone advice. Bitcoin is not stable, it is the most volatile and risky investment.

Investing in bitcoin can be very profitable but can also cost you everything. Have you told your dad? It's best, to be honest with your dad about the risks it poses to him.

[ethereumhunter]

I managed to convince my senior dad to invest in BTC by explaining that it was the future. He read up on the topic and decided to buy some for me as a gift.

I promised him that in three years, he will be a millionaire.

I managed to convince my senior dad to invest in BTC because it has positive characteristics: cheap, stable and technology-oriented. The price of Bitcoin is now higher than the price of gold. This is evidence that Bitcoins are becoming more popular, especially among young people who have no access to banking. I am surprised that senior citizens still don't know about this opportunity.

If you need to spread the word, I’m here for you.

It's better if you don't promise anything about returns from investing in bitcoin because we don't know when the price will return to a higher price. And if the price really doesn't come back within 3 years, he will come back to you and ask why the bitcoin price hasn't come back and you won't be able to give a satisfactory answer. You can even be mistaken for cheating by telling him to wait for 3 years without any results.

We can advise them to invest in bitcoin while providing the history of bitcoin's journey so far and let them think first and decide later. Investing in bitcoin requires faith for someone to accept bitcoin and make it a long term investment.

[Cookdata]

My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

Not my dad specifically, but I was able to persuade people to buy bitcoin when it crashed last year because I believed that was the best opportunity for them to do so and reap the rewards when the price has gone up in the future. Fast forward to this year, and some of them have sold and are waiting to buy again, especially now that the US is not amicable toward the entire crypto market, but regardless, it's a good time for people to buy again.
As elderly men sometimes forget as they grow old, and given how old he is, he may one day forget that you ever assisted him in purchasing bitcoin unless you remind him. I will suggest you assist your dad to store the seed phrase or private keys to that bitcoin.

[Cantsay]

I managed to convince my senior dad to invest in BTC by explaining that it was the future. He read up on the topic and decided to buy some for me as a gift.

I promised him that in three years, he will be a millionaire.

I managed to convince my senior dad to invest in BTC because it has positive characteristics: cheap, stable and technology-oriented. The price of Bitcoin is now higher than the price of gold. This is evidence that Bitcoins are becoming more popular, especially among young people who have no access to banking. I am surprised that senior citizens still don't know about this opportunity.

If you need to spread the word, I’m here for you.

This is like just sweet talking someone to do something, but the fact is that most your contents are not correct the fact that they invest in Bitcoin today won't make them millionaire in the next three years, you never can tell what's going to happen tomorrow so you promising that kind of profit feels somehow to me.

And again you just spoke to them concerning the benefits, they could get if they invest in Bitcoin without even mentioning any risk involved. Since they're planning on investing then it's right for them to learn everything about what they're about to get involved in. Hoarding anything from them might result in some misunderstanding in a distant time.

[darewaller]

Did you manage to convince your dads or other older people in your family to buy BTC?

You really did a good job in convincing your father, because it is very hard to convince people about bitcoin because they are traditional and do not want to adopt new changes in the world.
Also, it is not very easy to understand bitcoin and how does it work. I hope you will tell your dad on how to secure your wallet and other stuff so he does not lose this 0.01 BTC. I do hope he buys more as this might be the best time to invest in bitcoin.

Yeah, majority of mature people grow up without these latest technologies but if we look around us, many of them are now using computers and smartphones and use the latest app/software in it. So, if they are able to learn it, why not Bitcoin? You only think Bitcoin is hard but it wasn't actually.

The people who are not willing to adapt to the new changes are the ones who stick on the basic life (e.g no smartphones, computers, and other latest gadgets. These are the types of people that we shouldn't bother talking with Bitcoin because we will only waste our time on them and worse is we are going to be hated by these people because they will be annoyed with us and to the topic that we are discussing.

[Vaculin]

Trying to convince someone to buy Bitcoin is just like trying to force someone, of which if anything happens to go wrong you are likely to be held responsible, because Bitcoin as an asset is not what you try to convince people to buy, but rather educate people about this new digital decentralized currency, as it has got its merit and demerits. I.e, how it works, how to store it and the most secure place to buy it without being scam for whoever happens to be interested in it.

So I can't convince anyone to buy Bitcoin, but I will be fully glad to assist anyone to the very best of my ability

The reason why I don’t really convince other people to invest in bitcoin knowing they will eventually put the blame on me once their investments did not work out in the end. I’m open for teaching them if they want to learn and be educated, but convincing them to take the risk and enter bitcoin investment, that’s another story. Even my mother and father are aware that I am into bitcoin, but it never crossed my mind to convince them because I know they won’t also take the risk.

[Kasabus]

I would never try to convince anybody... I'm a big crypto enthusiast, but i still consider crypto a high risk investment... I wouldn't want to be responsible if they'd lose their funds.

On the other hand, if they'd made up their own mind and just asked me for assistance, i would gladly help them out

Same with my POV. I would never crossed the line and convince other people to invest into bitcoin, even if they are my close relatives or family members. Bitcoin has a lot of risks, and anyone who will only invest for its quick profits will never be good enough into bitcoin investment. They can always ask me how bitcoin works and how we can profit from it, it’s up to them if they will invest on it or not.

[The Cryptovator]

If an elderly person is not at all educated, explaining Bitcoin to them can be challenging. But it appears that you were ultimately convinced. The existence of cryptocurrencies in the virtual world is something my father is aware of, without having much knowledge of it. He cannot use Bitcoin, despite his best intentions, because he is not literate. Nonetheless, he consistently motivates me to use cryptocurrency and ahead with technology, shouldn't stay backdated. Being inspired by my parents has therefore been really helpful to me.

[Mate2237]

I would never try to convince anybody... I'm a big crypto enthusiast, but i still consider crypto a high risk investment... I wouldn't want to be responsible if they'd lose their funds.

On the other hand, if they'd made up their own mind and just asked me for assistance, i would gladly help them out

exactly, convincing someone to invest on Crypto is the big mistake I will never make or do. Some people that convinced cryptocurrency (bitcoin) to their friends, wife, children, mother, husband etc does not really understand the risk involve in it they too are time unaware of the whole process, that is how cryptocurrency work, they only know that cryptocurrency investment is good and profitable. Yes it is profitable but when you lost, ehn! You might lost everything you have laboured for years. So always use risk management mindset to deal with bitcoin before introduce it to someone.  And also, always know whom you are convincing, if you convinced someone that is not polite, and his funds got lost. Op at that time you would understand why it is not not good to convince someone to deal with crypto.

[serjent05]

Did you manage to convince your dads or other older people in your family to buy BTC?

I did not manage to make them buy BTC but I managed them to trust my venture on BTC.  My parents are seniors and I am the sole earner in the family.  Before they wanted me to focus on my job and look for side job that can help our financial capability.  They often scolded me thinking I am wasting my time browsing and playing on my pc but today it is different.  They often give me updates on my country's stand on BTC, keep me updated on the local news about cryptocurrency, they support my venture in cryptocurrency in their own way.  Funny things is they even remind me about my holdings (which somehow I forgot) and told me to be updated because I often share a story to them about how I failed to sell when the price is surging.

I would never try to convince anybody... I'm a big crypto enthusiast, but i still consider crypto a high risk investment... I wouldn't want to be responsible if they'd lose their funds.

On the other hand, if they'd made up their own mind and just asked me for assistance, i would gladly help them out

exactly, convincing someone to invest on Crypto is the big mistake I will never make or do. Some people that convinced cryptocurrency (bitcoin) to their friends, wife, children, mother, husband etc does not really understand the risk involve in it they too are time unaware of the whole process, that is how cryptocurrency work, they only know that cryptocurrency investment is good and profitable. Yes it is profitable but when you lost, ehn! You might lost everything you have laboured for years. So always use risk management mindset to deal with bitcoin before introduce it to someone.  And also, always know whom you are convincing, if you convinced someone that is not polite, and his funds got lost. Op at that time you would understand why it is not not good to convince someone to deal with crypto.

We can introduce Bitcoin but convincing them to buy Bitcoin gives us a responsibility which many of us do not want.  I do not find any wrong on convincing people because I believe it is done in good intention but we must be responsible in informing these people of the risk that is involved in investing.

[Mauser]

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

That is cool for your dad to invest in bitcoin at an old age. My dad turned 70 this year and he isn't interested in bitcoins at all, which is fine I guess. Even though he was an engineer he is struggling with all the new technology, he doesn't do any online banking, uses his smartphone only for calling and writing messages and is not really interested in anything new. Kind of sad to see him living in the old world without much interested. With my mother it's very similar, she uses her smart phone more actively, but isn't really interested in anything related to money. That is why I can't convince them to invest in bitcoins. The only elderly person that is interested is my uncle, but he is turning 81 this year and already gave away most of his money and assets to his children, he doesn't have much money left to invest.

[SOKO-DEKE]

It never seems like a good idea to me to try to persuade people to invest in the cryptocurrency industry instead of educating them about it and making them aware of both its positive and negative aspects. It would be great if people were aware of Bitcoin's existence and were persuaded to buy it based on their knowledge gained through independent research after the awareness rather than making using of various tactics to convince them to invest.

A lot of people are unaware of the fact that Bitcoin is not just about making money; it also discusses a lot about privacy, so let always talk much about privacy not all time profit making.

And As for me, I think that 79-year-olds people are too old to be in the cryptocurrency industry because I don't think they have much to do there.

[BALIK]

I would never try to convince anybody... I'm a big crypto enthusiast, but i still consider crypto a high risk investment... I wouldn't want to be responsible if they'd lose their funds.

On the other hand, if they'd made up their own mind and just asked me for assistance, i would gladly help them out

exactly, convincing someone to invest on Crypto is the big mistake I will never make or do. Some people that convinced cryptocurrency (bitcoin) to their friends, wife, children, mother, husband etc does not really understand the risk involve in it they too are time unaware of the whole process, that is how cryptocurrency work, they only know that cryptocurrency investment is good and profitable. Yes it is profitable but when you lost, ehn! You might lost everything you have laboured for years. So always use risk management mindset to deal with bitcoin before introduce it to someone.  And also, always know whom you are convincing, if you convinced someone that is not polite, and his funds got lost. Op at that time you would understand why it is not not good to convince someone to deal with crypto.

I wouldn't do that either, I would never advise or convince anyone to invest in bitcoin, which does more harm than good to both. It's best if someone wants to invest, they should decide for themselves and be responsible for their own money if lost. Bitcoin is very volatile, I am not proud to be a long-time market participant, but many times when bitcoin is dumped, I also panic a bit, let alone how scared the newbies will be. Investing in bitcoin is not possible through the advice of others, we need to find out everything by ourselves. We should only invest in something when we understand it well.

[taufik123]

-snip-
A lot of people are unaware of the fact that Bitcoin is not just about making money; it also discusses a lot about privacy, so let always talk much about privacy not all time profit making.
-snip-

For now, the fact about making money with Bitcoin has always been the main attraction and the privacy provided by Bitcoin is still just a compliment.
People trade, and invest in bitcoins with the aim of making lots of short-term as well as long-term profits.
Bitcoin is the perfect speculative asset because of the high volatility that causes price fluctuations in Bitcoin.

People who are interested in getting into bitcoin or into crypto because of the rapid fluctuations and make profits faster, but also worth the risk that will be given.

it is important to remember that Bitcoin is still a highly speculative and high-risk investment.
Never invest more than you can afford to lose, and be sure to do your own research before deciding to invest in Bitcoin or other digital assets.

Main Reason For Buying Bitcoin

[AicecreaME]

Good job op, rather than saving it up on a bank, investing it in Bitcoin instead is much better. My mom is curious about Bitcoin but doesn't want to invest in Bitcoin, she just want to save her money on her safety vault because I think she likes it when she can easily access her money just in case of emergency.

[heslylamba]

I like reading such stories so much, they are very inspiring. I hope you taught your father how to use a wallet, and he keeps his seed phrase in a safe place!

I convinced my friend to buy bitcoin, but he was already interested enough so I didn't have to bother much.

[Viscore]

It's such a great idea inviting people to know about cryptocurrency and the potentials it can offer to those that are into it, but on the other hand I hate being blamed for any losses someone might incur because he  or she decided to invest into crypto because I told them to do so.
Be it a relative or colleague I can only introduced you to the idea of the existence of cryptocurrency but never gonna try to convince you to invest, as I don't know your plans before you decided to invest and with the volatility of the market there's much chances things might go as you had planned, so I now git caught up in the blame net.

The same reason why I never want to convince someone to invest in a high risky investment because I don’t want to take the blame when things did not work in the end. Though I have high hopes that bitcoin will never disappoint us and will give us life changing rewards, but there’s no guarantee that bitcoin will stay that way forever. I can always help people on how to learn and understand about bitcoin, but I will never force them to invest in it knowing there’s also high chances of losing from bitcoin especially if they will only invest for the sake of getting rich quick.

[JoyMarsha]

I am just thinking that I will say my father about investing in Btc but my father thinks that Cryptocurrencies are scam because it isn't legal in any country. But I am trying to convince him that already it has gained huge popularity and soon it will be legalized in every country. I hope day by day I will be able to convince him.

The worst thing you can do is try to persuade your father to invest in something he believes to be a scam because if you succeed in getting him to invest in bitcoin, he will hold you solely responsible for any problems that arise in the future related to his bitcoin investment. It's better to avoid letting that happen. You are aware of how it feels when your parents accuse you of their misfortunes. They'll spread the word about what you forced them to do.

I'd advise you to leave your father alone. Don't try to convince him to invest in bitcoin.

[The Sceptical Chymist]

And As for me, I think that 79-year-olds people are too old to be in the cryptocurrency industry because I don't think they have much to do there.

That might be true for a lot--even most--people of that age, but there are still many older folks who were pioneers in fields like computer science, cryptography, and even larger ones like finance and economics.  Just because someone is getting up there in age doesn't disqualify them from being a part of the crypto industry.  Jet Cash is getting up there in years, and he's an ardent supporter of bitcoin and has been for years.

That said, I have to agree that this whole space is a young person's game in general.  Most new things are.

[fuguebtc]

I am just thinking that I will say my father about investing in Btc but my father thinks that Cryptocurrencies are scam because it isn't legal in any country. But I am trying to convince him that already it has gained huge popularity and soon it will be legalized in every country. I hope day by day I will be able to convince him.

The worst thing you can do is try to persuade your father to invest in something he believes to be a scam because if you succeed in getting him to invest in bitcoin, he will hold you solely responsible for any problems that arise in the future related to his bitcoin investment. It's better to avoid letting that happen. You are aware of how it feels when your parents accuse you of their misfortunes. They'll spread the word about what you forced them to do.

I'd advise you to leave your father alone. Don't try to convince him to invest in bitcoin.

For those who don't believe in bitcoin yet, the more we try to convince them to invest, the more they think we are trying to deceive them, which just wastes our time. Instead of advising someone to invest, I think it's important to let them know the concept and how bitcoin works, I mean, teach them about bitcoin. Don't just try to convince them to put money into something they don't know what it is, bitcoin is not just for investment, it can be used as a means of payment, a place to store assets...

[Japinat]

If an elderly person is not at all educated, explaining Bitcoin to them can be challenging. But it appears that you were ultimately convinced. The existence of cryptocurrencies in the virtual world is something my father is aware of, without having much knowledge of it. He cannot use Bitcoin, despite his best intentions, because he is not literate. Nonetheless, he consistently motivates me to use cryptocurrency and ahead with technology, shouldn't stay backdated. Being inspired by my parents has therefore been really helpful to me.

I happen to have the same scenario because your father and mine has the same situation, even if he wanted to, he just can't because cryptocurrencies are so gibberish in his eyes but despite that fact, he is indeed aware about the crypto space and some coins that are existing right now. He even know about Axie Infinity when it exploded. It's just that my father likes to be update about what is happening in the world these days, that is why even if he can't fully understand what is it, he know about it and why it did happen.

[Rockson1]

I would never try to convince anybody... I'm a big crypto enthusiast, but i still consider crypto a high risk investment... I wouldn't want to be responsible if they'd lose their funds.

On the other hand, if they'd made up their own mind and just asked me for assistance, i would gladly help them out

you have already made it through the crypto space even if the risk is high or not there is still need for we to enlighten people more about bitcoin investment because so many people don't know about this trend in the global world.

[xzy887]

Did you manage to convince your dads or other older people in your family to buy BTC?

No, No , No I will never encourage my father or my neighbor's old man or any other person to buy bitcoins on their own. Because I myself do not know what the market condition is. Since they are not interested on their own, if I force them to invest in these cryptocurrencies and then if they suffer losses then everything will be on me.

But if they want to know everything about crypto currency and want to buy Bitcoin, or any kind of help about Bitcoin, I am willing to help.

[Inwestour]

I happen to have the same scenario because your father and mine has the same situation, even if he wanted to, he just can't because cryptocurrencies are so gibberish in his eyes but despite that fact, he is indeed aware about the crypto space and some coins that are existing right now. He even know about Axie Infinity when it exploded. It's just that my father likes to be update about what is happening in the world these days, that is why even if he can't fully understand what is it, he know about it and why it did happen.

I never talked to my father about cryptocurrencies, I'm sure he heard about bitcoin, but I doubt that he suspects the existence of other coins.

In addition, I know that after he once lost his savings by entrusting them to the state, he will never trust anyone again. in his understanding, there is nothing more reliable than securely hidden cash. All other options when the money needs to be given to the bank, or somewhere else, carries a huge risk to which he will not expose his money. It's a bitter lesson that he learned well.

[Yawa2020]

My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

You did a good job thou but have you thought of the other side of it? I mean the trauma and dilemma (sell at loss or hold for long time) associated with Bitcoin? Considering his age, I don't think he can be able to control his emotions when the market is in a state of collapse. I don't know the worth of that amount in your country but in my country here that is a little bit huge amount.

[carlfebz2]

My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

You did a good job thou but have you thought of the other side of it? I mean the trauma and dilemma (sell at loss or hold for long time) associated with Bitcoin? Considering his age, I don't think he can be able to control his emotions when the market is in a state of collapse. I don't know the worth of that amount in your country but in my country here that is a little bit huge amount.

Being that optimistic isnt really that bad and of course on the time that you had stepped your foot into this market then it is really that impossible for you not to be aware on whats the particular risks.
Yes, you could really still able to make yourself that aware about those volatility but once you do gain put up the awareness then you cant really make yourself that be shocked about the circumstances.
There are really that people who are really that easily to understand on what they are dealing and specially on the time that someone introduce it to them or really have that self learned.
It is really good that you are really that able to convince your dad without having no problems.

[romero121]

Everyone won't be able to do it. Even the young generation finds it hard to understand the real value of bitcoin and the need for the world. In such scenario making an elderly person to know about bitcoin and invest with confidence is really a great achievement. It isn't easy to believe, only our knowledge and trust can guide through the right way.

Even the people working on technology related stuffs haven't known about bitcoin and existence of more cryptocurrencies. We're at the early days of bitcoin gaining more importance. This will surely make a change in the long term.

[Lorence.xD]

I am just thinking that I will say my father about investing in Btc but my father thinks that Cryptocurrencies are scam because it isn't legal in any country. But I am trying to convince him that already it has gained huge popularity and soon it will be legalized in every country. I hope day by day I will be able to convince him.

The worst thing you can do is try to persuade your father to invest in something he believes to be a scam because if you succeed in getting him to invest in bitcoin, he will hold you solely responsible for any problems that arise in the future related to his bitcoin investment.

I agree, he is the one who introduced bitcoin so he'll also be responsible for asking him to invest which we all know the risk and volatile situation of bitcoin. That's not a good idea especially it's your father, if he loss a lot amount in bitcoin it's also your loss. Unless if they ask you to assist them and they try to explore in bitcoin which you can help them with your knowledge about bitcoin. It's good to invest if only your investing is not your life savings. Have you think the scenario of losing a huge amount and what will be the impact of it to your dad? Your dad is already 79 and I hope you don't let his money to be risked in bitcoin. I rather ask them to support me in my journey in the world of crypto where you can succeed or not.

[mv1986]

My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!

Did you manage to convince your dads or other older people in your family to buy BTC?

I think a lot depends on how balanced his portfolio ultimately is. Convincing anyone to invest can also have its backlashes. If Bitcoin's price is developing well there won't be any trouble and its all great. But convincing your dad and then going through a crash can turn out to be a rough situation and quite the burden on the relationship between a dad and a son. That's why caution is a must. The rule number 1 should be to not get neck deep into Bitcoin only because someone else told you, even if it is the son. With a balanced approach I think giving advice within your family is ok.