I managed to convince my senior dad to invest in BTC

[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.