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.
