How to get your Dad (or Mom) to buy Bitcoin?

[peter0425]

I remember my dad always talking about bitcoin back in the day and how it was gonna be the next big thing. Unfortunately i guess he never actually purchased any lol he just talked about it alot. I was young still so i had no idea how to get any but i tried. I just remember signing up for crypto exchanges and being too young to buy damnit! 

Maybe it was a time where your father had no means to actually invest.

If he was so passionate in talking about it then he might have really believed in bitcoin and therefore would have bought some but unfortunately it is not always that we get to do what we want.

I also would like to buy more bitcoin and constantly think about it but I just currently do not have the means for it.

[MissNonFall9]

You can give information to your father and mother but you cannot impose your wishes on them. The decision to invest will be up to them and if they are not yet interested in investing in Bitcoin, you don't need to force them. You can just keep approaching them and show them how much Bitcoin profit you have made. But again, if they are still not interested, there is nothing you can do.

That's also what I do to people near me where I only provide information about Bitcoin. It is up to them if they want to invest in Bitcoin or not.

Yes, there's nothing wrong if we tell this information to people around or closest to you, but I think it will be very difficult for them to understand it, our understanding of Bitcoin today is certainly different from our parents' understanding of investment. Our parents' understanding was that if we buy everything it must have a physical form. According to parents, bitcoin has no physical form want that makes them reluctant to have it.

What you say is very true, yes, it is very difficult for them to be interested in this asset, even though you have proven it. Just let it flow like water, one day who knows, they will be moved to see its movement This asset requires a very long process to convince them.

Elderly persons are interested in investing in something which must have a physical form and must be a popular subject such as land gold silver food grains etc. If we try to convince them otherwise, they will discourage us. But those who invested in Bitcoin some time ago and made a good profit today can show this investment summary to interest them in investing in Bitcoin.

[cryptoWODL]

As bitcoin is a popular currency many people have little knowledge about bitcoin so giving parents good advice about bitcoin may prevent them from believing it. Most people fear losing money I think it's better to invest yourself than to advise parents. Elderly people will not easily understand the good side of this coin they can always think negatively. Use your own discretion to buy bitcoin.

Although Bitcoin is a popular coin around the world, there are many people from the 90s who consider Bitcoin to be a scam (such as my parents). When I told my parents one day about investing in bitcoin they didn't believe me even they said it's totally scam because there is fear of losing money they think that. A few months after that when I made money from my first investment and helped them believe that it is possible to make money from investing in Bitcoin, it is not a complete scam.

Since then till today my parents did not discourage me to invest in Bitcoin but they showed me more interest to invest in Bitcoin even I have some cousins who are educated also interested in investing in Bitcoin. But the sad thing is that they are still students with no source of income.

[God bless u]

Elderly persons are interested in investing in something which must have a physical form and must be a popular subject such as land gold silver food grains etc. If we try to convince them otherwise, they will discourage us. But those who invested in Bitcoin some time ago and made a good profit today can show this investment summary to interest them in investing in Bitcoin.

As you mentioned, it's very difficult to convince people with traditional mindsets to believe in Bitcoin or cryptocurrencies and make investments in them because they mostly believe that one can't earn money from the internet and it is mainly used for gaming or wasting time as they see people using social media platforms a lot.

Even if you earn some money from cryptocurrencies, withdraw the profits, and show them the cash, they will still not believe you for the first time and will think that you have earned them from somewhere else, or maybe it's not your money and you are just kidding with them.

My family never believed that I can earn money while sitting in front of my computer, they used to think I'm playing games until I cashed out some of my earnings and that was when they realized I'm not wasting my time on useless things.

[EwaPcka]

First of all, you don’t need to prove to your parents that Bitcoin is the best solution for all the world’s problems. Above all, you need to show to your parents that it’s not just another fleeting hobby of yours. So dedicate as much time and energy as you can, to learn about Bitcoin. Then you’ll find out to yourself that you’ll persevere with your passion for the long term or if you’ll simply be unnecessarily asking your parents for money. If so, they’ll notice it themselves😊

[mamesso]

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

[Mame89]

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

Actually, there are many ways to invite or persuade our parents to want to invest in Bitcoin, of course the choice you take is actually one of them. Because your intention from the start was to make your parents rich so they could invest in bitcoin to create financial freedom in the future. Even though your parents are very old, their eyesight is short-sighted and they can even hear, but you have the initiative to manage their finances so they can invest and the profits are given back to your parents. I think if your parents are still young, their memory and eyes are still clear, they will definitely invest in Bitcoin too.

Times are increasingly developing, fortunately in our time there is already bitcoin so we can easily invest in bitcoin. But old people used to invest in things that looked like gold, land and property. so bitcoin investment is very foreign to them. Even if we want to educate them about Bitcoin, they have difficulty understanding it because Bitcoin is very complicated. However, as children, we must continue to provide education about understanding Bitcoin to them, the most important thing is not to force them to follow our wishes.

[South Park]

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

Actually, there are many ways to invite or persuade our parents to want to invest in Bitcoin, of course the choice you take is actually one of them. Because your intention from the start was to make your parents rich so they could invest in bitcoin to create financial freedom in the future. Even though your parents are very old, their eyesight is short-sighted and they can even hear, but you have the initiative to manage their finances so they can invest and the profits are given back to your parents. I think if your parents are still young, their memory and eyes are still clear, they will definitely invest in Bitcoin too.

Times are increasingly developing, fortunately in our time there is already bitcoin so we can easily invest in bitcoin. But old people used to invest in things that looked like gold, land and property. so bitcoin investment is very foreign to them. Even if we want to educate them about Bitcoin, they have difficulty understanding it because Bitcoin is very complicated. However, as children, we must continue to provide education about understanding Bitcoin to them, the most important thing is not to force them to follow our wishes.

Even if bitcoin is for everyone regardless of their age, in my experience people get to an age in which they do not want to worry about investments or whether they can afford something anymore, now many do not have that luxury as they were unable to save enough money for their retirement and they are still working or getting by with a small pension, but those that were fortunate to do so, now want to rest from those responsibilities, so a child of theirs taking that responsibility for them is quite common.

[Kristiyana]

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

I totally agree with you I also have parents who don't have any  idea about what is happening in the internet and they're also at the range of 70 to 67 year's old, I think is very hard to convince them to go into crypto investment. However I think those parents who are not up to the age of 67 to 70, i think you can easily convince them to invest in bitcoin that's for those parents who understand technology and also the things that is going on in the internet because if they're not educated enough it will be very hard to convince them.

[HideYourKeys]

I did not expect this thread to get this popular!! I have re-written the OP; to make it shorter and clearer. I am currently in the process of orange-pilling two friends, I will let you guys know the results  

[Iranus]

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

I totally agree with you I also have parents who don't have any  idea about what is happening in the internet and they're also at the range of 70 to 67 year's old, I think is very hard to convince them to go into crypto investment. However I think those parents who are not up to the age of 67 to 70, i think you can easily convince them to invest in bitcoin that's for those parents who understand technology and also the things that is going on in the internet because if they're not educated enough it will be very hard to convince them.

But why are you trying to convince your parents and use their money to invest in bitcoin? Why don't you go work for yourself, save money and build your own portfolio? Our parents have worked hard all their lives and only saved some money to enjoy their old age, and should we take their money to invest in a volatile and risky asset like bitcoin?

Personally, I do not agree and oppose the idea of convincing or trying to get money from my parents to invest in bitcoin. We should build our own careers and not depend on our elderly parents.

[avp2306]

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

I totally agree with you I also have parents who don't have any  idea about what is happening in the internet and they're also at the range of 70 to 67 year's old, I think is very hard to convince them to go into crypto investment. However I think those parents who are not up to the age of 67 to 70, i think you can easily convince them to invest in bitcoin that's for those parents who understand technology and also the things that is going on in the internet because if they're not educated enough it will be very hard to convince them.

But why are you trying to convince your parents and use their money to invest in bitcoin? Why don't you go work for yourself, save money and build your own portfolio? Our parents have worked hard all their lives and only saved some money to enjoy their old age, and should we take their money to invest in a volatile and risky asset like bitcoin?

Personally, I do not agree and oppose the idea of convincing or trying to get money from my parents to invest in bitcoin. We should build our own careers and not depend on our elderly parents.

I also think about the reason on why would we convince our parents to buy bitcoin? It will just put them on more higher risk to lose their money. Maybe better don't convince them to buy bitcoin but to teach them about bitcoin if they are showing some interest about this. But if they happy and relax at home then I guess its better not to bother them on any stressful activities since maybe they will be in huge risk to compromise their health especially if they can't handle so much pressure if they lose their money due to bitcoin volatility. I would also choose to solely invest on bitcoin and will not bother anyone since this is not really a good idea to do. It could save us time and we could focus on a lot of things rather than worrying about on the investment decisions made by our parents.

[Iranus]

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

I totally agree with you I also have parents who don't have any  idea about what is happening in the internet and they're also at the range of 70 to 67 year's old, I think is very hard to convince them to go into crypto investment. However I think those parents who are not up to the age of 67 to 70, i think you can easily convince them to invest in bitcoin that's for those parents who understand technology and also the things that is going on in the internet because if they're not educated enough it will be very hard to convince them.

But why are you trying to convince your parents and use their money to invest in bitcoin? Why don't you go work for yourself, save money and build your own portfolio? Our parents have worked hard all their lives and only saved some money to enjoy their old age, and should we take their money to invest in a volatile and risky asset like bitcoin?

Personally, I do not agree and oppose the idea of convincing or trying to get money from my parents to invest in bitcoin. We should build our own careers and not depend on our elderly parents.

I also think about the reason on why would we convince our parents to buy bitcoin? It will just put them on more higher risk to lose their money. Maybe better don't convince them to buy bitcoin but to teach them about bitcoin if they are showing some interest about this. But if they happy and relax at home then I guess its better not to bother them on any stressful activities since maybe they will be in huge risk to compromise their health especially if they can't handle so much pressure if they lose their money due to bitcoin volatility. I would also choose to solely invest on bitcoin and will not bother anyone since this is not really a good idea to do. It could save us time and we could focus on a lot of things rather than worrying about on the investment decisions made by our parents.

Teach them about bitcoin and maybe guide them to invest a little in bitcoin if they are really interested in it and want to do it voluntarily. If not, don't try to convince or worse, lie to them just to get them to invest in bitcoin. Bitcoin is a potential investment but don't forget that high returns come with high risks and not everyone can withstand its volatility. Even young people have people who don't like the volatility of bitcoin, let alone older people like our parents.

Honestly, I don't see any benefit in convincing our parents to invest in bitcoin and I think that the people who are trying to do this just because they don't know how to make money, they don't have the money and they want to use other people's money to invest in bitcoin. And using other people's money to invest in bitcoin to satisfy your own desires is just selfish and greedy.

[BITCOIN4X]

I did not expect this thread to get this popular!! I have re-written the OP; to make it shorter and clearer. I am currently in the process of orange-pilling two friends, I will let you guys know the results  

Forcing others to invest in anything they don't understand is never good. Bitcoin investment is never the same as investing in other physical assets such as gold, land or property, so apart from having to teach them the basics of investment, you also have to teach them how to secure their wallets and assets.

Nothing should be forced and I don't think you are responsible for someone else's financial future which should be your own responsibility. Of course you can tell anyone about good investment choices, but don't be responsible for any decisions that shouldn't be yours. The point I want to say is, don't force other people to invest, but you can tell them which investment assets are good and have potential. Let them learn, but you can also be a mentor without having to be responsible for whatever happens to them in the future.

[KennyR]

Most of our parents will be around 50–55 years of age. Right now, their thoughts will be about having a healthy life and a happy retirement. At this time, their minds have the fear of risking. For this reason, even those who are convinced of investing in cryptocurrency will go for a second opinion. Right now, people in the same age group who are having a conversation with our parents could easily convince them to invest in cryptocurrency. Importantly, our parents need to experience a change in the financial or lifestyle of the person convincing them. When we suggest it, they'll hear from us, but they won't take it seriously.

[CODE200]

I don't want to be too much of an annoyance to them so I don't really do this kind of thing with them, what worked for me is that I just showed them the results, that's it, they said that they can play the waiting game just like I did, I even warned them that it might take longer than you'd expect it to be but they still said the same thing and that would be that they want in no matter what. So far, I'm hodling the bitcoin for them safe and sound in an Electrum wallet, they don't always accumulate as there are some expenses needed to be paid but when they do, it's such a treat because I know that when they do it, they're going to really happy when the price pump starts to happen and that's all that I look forward to.

[justdimin]

I did not expect this thread to get this popular!! I have re-written the OP; to make it shorter and clearer. I am currently in the process of orange-pilling two friends, I will let you guys know the results  

Forcing others to invest in anything they don't understand is never good. Bitcoin investment is never the same as investing in other physical assets such as gold, land or property, so apart from having to teach them the basics of investment, you also have to teach them how to secure their wallets and assets.

Nothing should be forced and I don't think you are responsible for someone else's financial future which should be your own responsibility. Of course you can tell anyone about good investment choices, but don't be responsible for any decisions that shouldn't be yours. The point I want to say is, don't force other people to invest, but you can tell them which investment assets are good and have potential. Let them learn, but you can also be a mentor without having to be responsible for whatever happens to them in the future.

This is correct, I have seen a lot of people who failed to trade because they do not completely understand but they wanted to since they saw their friends making money as well. I personally believe that they are just gambling at that point because they do not understand what is going on, which is why I believe that we should just avoid making any decisions if we do not know what is going on, there is really nothing that we can do if we keep focusing on trying to make money and not focus on learning how to make that.

Bitcoin is something that has this learning curve and if you avoid that all the time and just try to make money than the result will not be all that great and you are going to regret the situation you are in quite soon afterwards.

[kamvreto]

For me, it is easy now to explain how my parents should buy bitcoin because there is a lot of positive news about bitcoin and its benefits. My parents are also quite updated with technology and have an open mind to digest every new technology, especially regarding the increasingly popular digital asset Bitcoin. I always remind them to buy early when the price of bitcoin is still below the last high and is an opportunity to start buying and holding.

[Ale88]

The age of the parents of each user who joins here is different, some are still alive and some are dead. That's the reality of life. I have parents who don't really understand technology, after all, they are now 70 years old. His eyes can no longer see normally and his hearing is starting to become impaired, it is very difficult for me to convince my parents to buy or invest in Bitcoin.
The only way I can ask them for permission to use their wealth is invested in Bitcoin, of course they don't know what Bitcoin is, but they really trust me to manage their money. My parents were able to enjoy the results of Bitcoin even though they never knew about Bitcoin, I always gave them some money and told them the money was from Bitcoin investments.

Actually, there are many ways to invite or persuade our parents to want to invest in Bitcoin, of course the choice you take is actually one of them. Because your intention from the start was to make your parents rich so they could invest in bitcoin to create financial freedom in the future. Even though your parents are very old, their eyesight is short-sighted and they can even hear, but you have the initiative to manage their finances so they can invest and the profits are given back to your parents. I think if your parents are still young, their memory and eyes are still clear, they will definitely invest in Bitcoin too.

Nobody (hopefully) would like to scam their own parents, so of course the intentions behind these type of advices are good but good intentions could not be enough. Money is always a very delicate subject, especially when we start involving our relatives, and if the parents are not used to investments there is good probability that when they start to see their investment going red, they'll either blame you or sell everything at loss. They must be mentally prepared before and you must make clear that no matter what is going to happen, they won't interfere with your money management.

[Vaskiy]

We've got different ways to buy Bitcoin and other cryptocurrencies. First, they need to understand and accept. My parents aren't that good at technological advancement. This means they're in a state that accepts real currencies, and they find the virtual currency to be something different and hard to believe. I'll just leave it to their choice, and it is up to them to analyze, understand, and take the decision on whether to buy it or not.