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

[Rockstarguy]

There are already millions of articles that explains everything that anyone wants to learn about Bitcoin, although there are still people that would need guidance to be able to navigate the crypto currency space.  I have a friend that I am helping to do so right now. One thing you have to know is that it is not something you have to force anyone into, just do your thing and focus on yourself, just let them know once in a while and of they seem to have developed interest and would need your guidance, then you can guide them.

Forcing someone to invest in bitcoin is not the best way to start up bitcoin investment. When introducing bitcoin to someone that have no knowledge about to invest,  before proceeding telling the person to invest bitcoin what needs to be considered first is if the person is willing to invest or have interest in bitcoin.  It will be a total waste of time and fund trying to convince someone that doesn't have interest for bitcoin. Bitcoin is a volatile asset that if we succeed in bringing it close to people and they do not have the interest to know more about it, it is possible they may likely lose which will be a big regret.

When trying to introduce bitcoin to people the goal should not just be to only invest but to also try best for them to have better knowledge about Bitcoin .

[Furious 7]

Imagine she can't tell if what she saw if legit or not just got carried away on excitement on the "win" she saw. How much more about this kind of tech and investment, my mom at +50 cannot cope on such thing like trading probably if the price dumps and scams everywhere.

Because in the end we have to realize that when they reach the age of 50 or so they actually only have to behave in learning not to do because after all bitcoin is for the long term and with their age I think it is difficult to do it even though it is still possible if the desire is very high.

When someone has entered the period for retirement (in my country the retirement period is 50-57 years old) I think they should have enjoyed their old age by living comfortably with the results of the hard work they have collected and not trying a new thing because after all, in bitcoin it cannot be today we make a purchase and tomorrow get a huge profit because there must be a process that must be followed and it takes a long time.

[Crypto Libertas]

Hello colleagues,

I share the criticisms of this post on the length and depth as disadvantages to bring our parents and friends closer to all that Bitcoin entails.

I think the title of the post also does not live up to the message that is really being elaborated. Rather than trying to convince your parents to buy Bitcoin, it is a guide, quite decent, by the way, on how some basic aspects of this protocol work as well as to answer the most typical questions that may arise to anyone approaching Bitcoin.

In short, on the one hand I congratulate the colleague for his effort to summarise and compile some of the most central issues of the protocol; and on the other hand I encourage him to find other more didactic and attractive methods that help us to bring down to earth difficult concepts and close the huge knowledge gap that separates this technology from the vast majority and prevents its democratisation.



To say goodbye to my first intervention in this forum, a personal anecdote about my attempt to explain Bitcoin to my parents:

On a trip on the way to spend a few days at the beach, and sharing several hours with them in the car, I decided to raise the discussion about whether or not Bitcoin is something valuable and interesting. On those terms I raised it and half jokingly, half seriously, I put them on notice that we would be listening to a podcast about Bitcoin for them to judge whether they found it interesting. The podcast was quite didactic, in the form of an interview and, although long (two hours), quite entertaining (they manage to listen around a half of it, with good interest and asking questions).

To my surprise, they were both curious to listen to the content of the podcast. My parents are elderly .... so I was even more surprised by the pertinent questions they were asking and, for my part, I stopped the podcast where I felt it was necessary to clarify. They were sceptical but curious. And, although they didn't end up buying Bitcoin (as far as I know  ) I think that at least I have made them sceptical about the official versions of (it's a scam, it has no value, it's smoke, it pollutes, etc.). And that alone, without trying to sell them anything, or convince them of anything (just inform and clarify to the best of my knowledge) gives me a lot of satisfaction.

I think this attitude is healthier for everyone in the way of living and sharing our experience in ‘the rabbit hole’ than the cryptobro evangelist mode.

Greetings to all.




Crypto Libertas
Crypto_libertas24@proton.me

[balotelli]

My mother doesn't know how to use a computer and has never used one. She also doesn't know what Bitcoin is.

[agan husaeni]

It's tough to teach or encourage parents to buy and save Bitcoin because they often feel hesitant and concerned about the huge price swings. They're more comfortable with traditional methods like saving in a bank or buying gold since those are proven to be safe and stable. Plus, a lot of them don't really understand the technology and the concept of cryptocurrency, making it hard for them to grasp the benefits and long-term potential of this kind of investment.

Many parents also think Bitcoin is just a temporary trend or even a scam, so they're reluctant to give it a try. The growing negative news about cryptocurrency in the media adds to their uncertainty.

However, if they could see how quickly the financial world is changing and how important it is to adapt to the times, they might be more open to trying new methods, including saving in Bitcoin. Of course, it takes a patient and educational approach to help them understand the advantages and the risks that come with it.

[lembang]

Actually, just by chatting with them and explaining what Bitcoin is, it’s usually enough to get them interested in buying it. But we also need to provide concrete examples of its benefits. For instance, we can show how Bitcoin can be a profitable investment tool by sharing data on its value increase over time. Plus, discussing the ease of transactions offered by Bitcoin is really appealing. A lot of people still think buying stuff online with digital currency is complicated, but it’s not at all. We can illustrate how quick and secure the purchasing process is, without needing to involve banks or third parties. This is a benefit that can’t be overlooked, especially in this digital age. By doing this, they’ll feel more confident to try it out and invest in Bitcoin. So, let’s keep this discussion going and guide them to understand the great potential of this digital currency.

[chigo]

Forcing someone to invest in bitcoin is not the best way to start up bitcoin investment. When introducing bitcoin to someone that have no knowledge about to invest,  before proceeding telling the person to invest bitcoin what needs to be considered first is if the person is willing to invest or have interest in bitcoin.  It will be a total waste of time and fund trying to convince someone that doesn't have interest for bitcoin. Bitcoin is a volatile asset that if we succeed in bringing it close to people and they do not have the interest to know more about it, it is possible they may likely lose which will be a big regret.

When trying to introduce bitcoin to people the goal should not just be to only invest but to also try best for them to have better knowledge about Bitcoin .

If they are not interested in it in the first place, then there is no need to force them to invest in bitcoin, let alone to the point of making them sell their assets and promise high profits from it. Because investing in bitcoin has risks and you don't know when the market will be bearish, it could be that after you buy bitcoin for them suddenly the value of your assets drops, then the one who will be blamed is you who told them how to invest in bitcoin.

Give them basic knowledge about bitcoin, the risks when they invest in it, and tips for minimizing losses, if they are sure then you have succeeded in convincing them to invest in bitcoin. However, if from the start they are doubtful and unsure, there is no need to force them, because in the end, when the investment does not go according to their expectations, you will bear the risk.