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

[johnsaributua]

I feel like I'm reading a whitepaper when I first learnt about bitcoin back in the day ,

Bitcoin does have advantages over other assets, among which are easy to carry, read fundamentals and witness with price evidence from history to date, but for parents and the uninitiated there will be doubts if using a softwhare wallet because it does not have a physical that can be stored or carried for a suggestion that the asset is real. although the function is the same, as the times develop, there are now various variants of harwhare wallets that can be purchased in the marketplace. When education about bitcoin has begun to grow, especially in terms of news if many are wealthy from storing bitcoin, of course the business spirit of parents will try it because even the smallest bitcoin investment can bring trust as long as they want to try. the problem is that there are too many fuds who think all are the same from vulnerability, but I don't think everyone is waiting for bitcoin. it is very easy to convince people, especially media such as Instagram, TikTok etc. now there is a lot of content that contains crypto curency, even if it is only for the sake of personal branding someone

[MainIbem]

It's not stressful but a little bit complicate when there's no evidence, show working is necessary. Persuading them to buy bitcoin ought to be very easy on our ends. We just need evidence and huge figures generated from the investment in bitcoin. For instance, showing your dad a car from the massive profits made from bitcoin, or even as far as getting a luxury home for yourself and dad knows you're extremely doing well, ofcourse he won't generate any doubt as he will hurrying concord to your suggestion of buying bitcoin.

You've made a very good point here, when there's no evidence that the asset you're trying to convince people to invest in is not bringing you profits, that's if you can't show them a proof then your opinion would be pointless cause sometimes parents don't need too much advice from their kids concerning making investments but when you show them prove you're making profits from it, give the benefit of doubt that the invest won't go wrong with tangible reasons then the deal is done. I also want to say that the level of understanding or education matters too, if one's parents are not well educated or understand modern things very properly then it would be very tough to convince such parents, since a good number of them already feel it's a scam or ponzi scheme.

[2Pizza410000BTC]

It’s weird that someone whose profile consists of mostly short replies and comments is the same person that made this great wall of text. Hats off to everyone that manage to read the OP, I for sure cannot afford to put my eyes through that. It would have been better if you summarized the post, a more concise explanation would help if you really want people to discuss the topic.

You are right the way the OP has structured the post here is not worth reading carefully. If the post is not shortened then I think no one will be able to read this post carefully. I myself could not bring myself to focus when I entered after reading the topic. Because it will not be possible for me to read such a big post carefully. So I would also suggest the OP to make the post more short so that everyone would be interested to read and give proper knowledge.

[BADecker]

Convincing someone to invest in Bitcoin, like your dad or mom, requires understanding his concerns and interests. Highlight its potential for high returns, its increasing adoption by institutions, and its role as a hedge against inflation, use the sections above to support your thesis. Emphasize the security measures in place and educate him about the technology behind it. Start with small investments to mitigate risk and offer to assist him with the process. Ultimately, approach the conversation with patience, respect, and a willingness to address his doubts or questions.

Has Dr. Frankenstein perfected the process he used to make the Frankenstein Monster? If he hasn't, I'm not even going to try it on my Dad or Mom, just to introduce them to Bitcoin.

I mean, without a guarantee of success, I wouldn't even be able to convince the authorities that they should let me dig them up.

A lot of people's parents who were cremated wouldn't have any hope whatsoever of convincing their Dad or Mom. Think of trying to track down their every atom that was burned, and then scattered over the ocean. Of course, those in a urn would be a little easier.

[Pokapoka124]

So, what does a miner do when solving a hash? Let’s imagine a previous block:

Previous block:

– Hash of the previous block: abc123

– Timestamp: 1637284650

– Nonce: 0

– Transactions: 1. Tx1: 10 BTC from A to B 2. Tx2: 5 BTC from C to D 3. Tx3: 3 BTC from E to F …

The miner creates the current block, concatenates all the data (pay attention to the nonce, which I’ve marked in bold):


Concatenated block data: abc123163728465010Tx1Tx2Tx3…

Then, the SHA-256 hash function is applied to the entire block:

Hash = SHA-256(abc123163728465010Tx1Tx2Tx3…)

The result is a unique 256-bit hash, which can be seen as a hexadecimal string of numbers and letters. For example, suppose the resulting hash starts with some zeros (just to get a realistic example, I will explain it afterwards):

Your guide may work for your parents but it cannot be used generally for people in that age range. There’s some points to consider like how tech savvy are your parents; are they computer literate? If they are not, then they cannot possibly understand the concept of nodes, hash rates or other technical details of Bitcoin.

People from developing countries where a formal education does not go so far back the family tree have to teach bitcoins to elders like they are teaching a toddler. How do you talk to the people in these images about technical discussions about Bitcoin?

[HideYourKeys]

It's not stressful but a little bit complicate when there's no evidence, show working is necessary. Persuading them to buy bitcoin ought to be very easy on our ends. We just need evidence and huge figures generated from the investment in bitcoin. For instance, showing your dad a car from the massive profits made from bitcoin, or even as far as getting a luxury home for yourself and dad knows you're extremely doing well, ofcourse he won't generate any doubt as he will hurrying concord to your suggestion of buying bitcoin.

You've made a very good point here, when there's no evidence that the asset you're trying to convince people to invest in is not bringing you profits, that's if you can't show them a proof then your opinion would be pointless cause sometimes parents don't need too much advice from their kids concerning making investments but when you show them prove you're making profits from it, give the benefit of doubt that the invest won't go wrong with tangible reasons then the deal is done. I also want to say that the level of understanding or education matters too, if one's parents are not well educated or understand modern things very properly then it would be very tough to convince such parents, since a good number of them already feel it's a scam or ponzi scheme.

Thank you both, I think this is a really good point, and one of the things that have more impact, showing evidence. Also, along with the whole pitch, I was thinking about gifting bitcoin as well, that is another good start

[HideYourKeys]

So, what does a miner do when solving a hash? Let’s imagine a previous block:

Previous block:

– Hash of the previous block: abc123

– Timestamp: 1637284650

– Nonce: 0

– Transactions: 1. Tx1: 10 BTC from A to B 2. Tx2: 5 BTC from C to D 3. Tx3: 3 BTC from E to F …

The miner creates the current block, concatenates all the data (pay attention to the nonce, which I’ve marked in bold):


Concatenated block data: abc123163728465010Tx1Tx2Tx3…

Then, the SHA-256 hash function is applied to the entire block:

Hash = SHA-256(abc123163728465010Tx1Tx2Tx3…)

The result is a unique 256-bit hash, which can be seen as a hexadecimal string of numbers and letters. For example, suppose the resulting hash starts with some zeros (just to get a realistic example, I will explain it afterwards):

Your guide may work for your parents but it cannot be used generally for people in that age range. There’s some points to consider like how tech savvy are your parents; are they computer literate? If they are not, then they cannot possibly understand the concept of nodes, hash rates or other technical details of Bitcoin.

People from developing countries where a formal education does not go so far back the family tree have to teach bitcoins to elders like they are teaching a toddler. How do you talk to the people in these images about technical discussions about Bitcoin?

I would have to simplify that technical part, I have written the pitch as a guideline, but of course it has to be simplified in some situations.

With regards to the picture you sent, in that case, "luckily", in some of those countries, either the fiat currency has been so devaluated, that there is no need to show the difference against bitcoin, as it is obvious. Or... bitcoin is simply a way to "bank" yourself, as it is not easy to access a bank account in those regions (also to send and receive bitcoin overseas)

[HideYourKeys]

Me?
So sorry, but I think that I will never make it. Because I really understand my parents' condition so far. So it is very unlikely that they will invest in Bitcoin. yeah, no problem. Let them enjoy their old age more comfortably and calmly without thinking about Bitcoin assets with all their fluctuations. What they do is just to breathe in the fresh air of the village and carry out daily activities that they like. Yes, that's their wish and I really appreciate it.

However, I don't want to generalize all old rooms like that, because their conditions are definitely different. If you want to convince your parents to invest in Bitcoin, make sure you understand the conditions and financial readiness of your parents. Both your mom and dad will usually tend to follow their child's wishes, even though they are sometimes quite at odds with what they really want. For this reason, we also encourage them to get to know Bitcoin in order to invest in it. unless they are very close to technology and are no strangers to Bitcoin. Then they also understand what Bitcoin is like, its fluctuations and various things related to risks. Parents will usually be very careful about the risks they take, so make sure you have a very strong reason, which is not in the form of promises that are too high or too sweet.

This is a totally fair argument. The point is, I am concerned about some degree of system collapse over the next decade or two (I do not know, depends on each case, but maybe they do not live that long), and help them understand bitcoin so they can "earn" their way out, that would be quite satisfying. Of course I could do that for them, but I think that learning it on your own is a better choice.

[Essential10]

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.

Nowadays there have been many changes in technology. So there are many parents who are not familiar with this technology. When parents try to explain a currency like Bitcoin, they may not take it into account. Most of the parents are used to keeping their money in bank or insurance they will never want to keep their wealth in Bitcoin. But I think if one can be successful in investing in bitcoins personally then maybe one can convince one's parents to invest in bitcoins.

[Marvell1]

Me?
So sorry, but I think that I will never make it. Because I really understand my parents' condition so far. So it is very unlikely that they will invest in Bitcoin. yeah, no problem. Let them enjoy their old age more comfortably and calmly without thinking about Bitcoin assets with all their fluctuations. What they do is just to breathe in the fresh air of the village and carry out daily activities that they like. Yes, that's their wish and I really appreciate it.

However, I don't want to generalize all old rooms like that, because their conditions are definitely different. If you want to convince your parents to invest in Bitcoin, make sure you understand the conditions and financial readiness of your parents. Both your mom and dad will usually tend to follow their child's wishes, even though they are sometimes quite at odds with what they really want. For this reason, we also encourage them to get to know Bitcoin in order to invest in it. unless they are very close to technology and are no strangers to Bitcoin. Then they also understand what Bitcoin is like, its fluctuations and various things related to risks. Parents will usually be very careful about the risks they take, so make sure you have a very strong reason, which is not in the form of promises that are too high or too sweet.

This is a totally fair argument. The point is, I am concerned about some degree of system collapse over the next decade or two (I do not know, depends on each case, but maybe they do not live that long), and help them understand bitcoin so they can "earn" their way out, that would be quite satisfying. Of course I could do that for them, but I think that learning it on your own is a better choice.

Sorry, your article is so long that I'm lazy to read it, but I want to ask you, what is the purpose of you wanting your parents to invest in bitcoin? Do you want them to have a better life or do you want them to invest in bitcoin for you because you cannot afford to invest in bitcoin? I have seen many young people convince or even force their parents to invest in bitcoin just because they want to become rich through their parents' money. They are lazy people who refuse to work and save to create their own investments. Instead, they think they understand enough about bitcoin and want their parents to use their life savings to invest in bitcoin to satisfy their passion. That action turned them into an ungrateful child.

If you want to be good for your parents, I think let them enjoy the rest of their lives in their own way. Our parents have worked hard all their lives to raise us and now what they need is to rest and enjoy life, not the headache of making more money. If you truly love your parents, invest in bitcoin and use the money you earn to provide them with everything they need.

[EluguHcman]

OP you may have made some great point in your thread but why I could not go all through it because It is being too lengthy, I would only drop you few lines that.... Don't trick or force anyone in manipulating their minds to invest in Bitcoin unless you are ready to be answerable at all costs towards their sentimental emotions as it is certain that Bitcoin is a volatile crypto currency.

On a mere discussion about Bitcoin raised by a reputable person definitely a Bitcoin enthusiastic, whoever that has interest to invest in it will definitely be identified without those strategies like you are marketing a product which of course Bitcoin does not demand.

[criptoevangelista]

I find it a practically impossible mission to convince my parents (who are already old) to buy bitcoin, they barely know how to use a computer efficiently, bitcoin technology for them will be like an alien... unfortunately this is the reality for many of us... . perhaps younger people who have younger parents can convince more easily.

[angrybirdy]

One thing that I want said to you OP; there is no compulsion in investing in bitcoin and let's not force our parents to know or have interest in things they are not familiar with, because I believe that when a person decides to invest, he will do or find a way to do what he wants. Since you are the child, and you are the one who knows more when it comes to crypto, there is nothing wrong if you give basic knowledge about it but you don't have to explain it to them at length because in the first place you should know if they are interested or no, you can convince them in the way you know, but what you will do is risky, especially since your parents' money will be involved in this, so you should really prepare so that you don't disappoint them in case your plan doesn't work out.

[tread93]

Once you enter the world of Bitcoin, you feel, as often said in the field, ‘like falling down the rabbit hole

A rabbit hole or an entire novel?? Haha I do love the idea and thought of trying to convince your loved ones with buying Bitcoin. It’s a just argument and hitting them with some facts and educating them is definitely the right path to go down with this. If you’re having to explain it in this fashion to them it’s safe to say they are not at all familiar with Bitcoin or how it works, I’ve always found dumbing things down when dealing with these types of folks is very helpful. Describing it like you would explain and reach a 5th grader so people understand it is also going to be helpful with this pitch.

[Z_MBFM]

It's not stressful but a little bit complicate when there's no evidence, show working is necessary. Persuading them to buy bitcoin ought to be very easy on our ends. We just need evidence and huge figures generated from the investment in bitcoin. For instance, showing your dad a car from the massive profits made from bitcoin, or even as far as getting a luxury home for yourself and dad knows you're extremely doing well, ofcourse he won't generate any doubt as he will hurrying concord to your suggestion of buying bitcoin.

You've made a very good point here, when there's no evidence that the asset you're trying to convince people to invest in is not bringing you profits, that's if you can't show them a proof then your opinion would be pointless cause sometimes parents don't need too much advice from their kids concerning making investments but when you show them prove you're making profits from it, give the benefit of doubt that the invest won't go wrong with tangible reasons then the deal is done. I also want to say that the level of understanding or education matters too, if one's parents are not well educated or understand modern things very properly then it would be very tough to convince such parents, since a good number of them already feel it's a scam or ponzi scheme.

We know about Bitcoin and know about the history of Bitcoin so we think Bitcoin has a lot of potential and we don't hesitate to invest in Bitcoin. and we plan the future with Bitcoin. but our parents are quite old and they know very little about Bitcoin or technology. for this reason it is very difficult for us to convince them to invest in Bitcoin and in some ways almost impossible. But next gen people I think almost everyone will be using Bitcoin and will be interested in investing in Bitcoin

[Natsuu]

I find it a practically impossible mission to convince my parents (who are already old) to buy bitcoin, they barely know how to use a computer efficiently, bitcoin technology for them will be like an alien... unfortunately this is the reality for many of us... . perhaps younger people who have younger parents can convince more easily.

Same goes for me. It's like for them to believe, they want to see the success I'm telling to them live in me first then they will follow. Until then they are not convinced nor listening. They just thought it would be waste of money, time, and effort looking at this digital currency. Yes they do understand that this could be the future, but they are not seeing success for themselves. They are adamant of the possibilities.

And it's sad because I am not successful yet to become relevant person to influence them that you can get rich in bitcoin.

[Nothingtodo]

I have tried many times to convince my parents about the importance of Bitcoin but they are not able to gain knowledge about the importance of Bitcoin and the future demand of Bitcoin. So now I have given up trying in vain to convince my parents about the importance of Bitcoin because instead of convincing them I have decided to invest in Bitcoin without their permission. Because they don't have the mindset to gain knowledge about the importance of Bitcoin and its future growing demand, I don't discuss such things with them anymore.

[harapan]

How do you want your mom and dad to understand all these wall of text that you wrote. It will be boring to them and that alone can discourage anyone from listening to you the second time. You must not convince or force anyone to buy bitcoin, so that you will not be held responsible for their actions, when the price of bitcoin goes south or if anything happen to their bitcoin investment.

Just tell whoever that you want to introduce to bitcoin, the basic concept of bitcoin that it is worth investing in bitcoin as an investment for a long time or to use it as their savings because it is an hedge against inflation, instead of keeping their savings in banks that will depreciate overtime. They should also use the amount of money that they can afford to lose. Whoever is interested will make research and come back to you showing interest, then you can throw more light on bitcoin the second time.

Period,the efforts doesn't have to be more than this entirely,whoever thinks its worth going for would apply the necessary steps and to buy bitcoin or even research to hasten the possibility of having to part of bitcoin.
I practically don't have any medium that I intend to use to make my parents show interest.If there is,its just the normal basics of bitcoin that I tell them..and honestly that didn't work out for me.
Bitcoin needs to be handled with proper and vast knowledge,with calculated risks and constant efforts  put into consideration.

[michellee]

If we want our fathers and mothers to buy Bitcoin, we have to be able to explain Bitcoin. They have to get the right information about Bitcoin. Don't let them get the wrong information from out there.

Those of us who have learned about Bitcoin can teach them about Bitcoin. We can provide information about Bitcoin investment so that they can understand that apart from gold, there is now investment in Bitcoin. They can also seek profits from trading but they have to learn more about trading.

I don't think many people want to know Bitcoin in more detail because many people don't want to learn about it, especially about miners, hashes, networks or others. The important thing is that they can use Bitcoin well, they know how to store their Bitcoin properly, and they can benefit from investing in Bitcoin.

[adaseb]

I don't think either of my folks would want to invest in Bitcoin. However if they actually were interested I would persuade them to invest in the Bitcoin ETFs which were just launched. Sure its not keeping actual bitcoins in your self custody but with how old my folks are they would get scammed if they kept it on a Binance account. There are way too many fake emails, phishing links, etc that old people can easily get fooled and get their crypto stolen.

If you buy the Bitcoin ETFs you don't need to worry about it. Its on your brokerage account which is very secure and hackers don't generally target any online brokerages because everything is reversible and they can't really steal anything. This is one of the few ways why the Bitcoin ETFs are great for adoption because the elderly don't really understand self-custody but they can rely on the Bitcoin ETFs like Blackrock IBIT.