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

[Easteregg69]

I don't tell people what shit got cancelled. Is that an obvious flaw?

The whine is fine. Punctum. You never meant to blow up the world. I know.

Give them a cd with thievery cooperation.

PS. I tell you how to split your coins in to billions if you need it. Any time.

[MissNonFall9]

We're still early, to be honest. Those that have joined the market and invest to Bitcoin now might think they're all late, no you are still early if you're going to stay. And if you want to convince your parents, be good to them, be a good kid so that you'll be able to ask them any favors that you want to. But if you're asking them huge amount of money, you better be serious to talk to them with all of what OP has said, not literally all but the basics of it and how Bitcoin really works. Our parents if they've got a good educational background are unlikely to believe you but giving them references to read, that can be a good headstart.

But you don't expect them to be as flexible as we are because we're already investors and have been here for so long. It takes time for one to understand the concepts of Bitcoin when there's no tangible thing that they can hold as an asset compared to the traditional one for which soon, they will understand that why we're into it and how important it is that this Bitcoin thing is one of the greatest asset and you're longing for them to start having one or DCA.

A good child must be faithful to his parents. And even then it is quite natural that they will behave very conservatively in investing in such non-physical assets. But if you can earn their loyalty and have faith in their children's work they will at least try to think about it. And at that time if they can be presented with information about cryptocurrency or bitcoin they can be enticed to invest or encourage the child to invest. So we who learn to behave modestly in our life and achieve success in good deeds will succeed in attracting the attention of parents in this regard.

[lizarder]

On the time or moment that you do want to make your Dad and Mom would be able to know about Bitcoin then it wont really be needing up to go on explain everything. Even a single sentence which is written into its while paper would suffice or something that it is really enough for them to understand on what it is.It would really be just that too impossible that they wont really be able to get on what you are trying out to explain.
It will really be just that totally depending on what kind of parents you do really have because there are ones who do really listen out into their children on whatever concern that they do have, but we do know that there are such parents who doesnt really care nor loves to listen on what their kids would be saying. So it would really be something that will really be situational. This is why it would really be that important that you should
really be conscise and precise on what are the things that you would really be tending to explain into your parents. Sooner or later they might really be that get hooked up and might be interested in the end.

We must also understand that their generations are different and the lives they live in investment relationships like now are also different so it will be very difficult for them to understand it. Although there are some of them who better understand investment well than us who are new to him. We are in the time of technology and maybe before they did not know that and if parents like this I was sure they would be far more difficult to educate about Bitcoin investment because to understand it would be very complicated and require time for them.

What is most likely to happen they will provide capital and say it is we who manage because of the nature of parents who want to see their children successful in financial matters. But if we force them to be involved and investment skills and technology are not mastered, then we are the same as let them lose money.

[Baki202]

We must also understand that their generations are different and the lives they live in investment relationships like now are also different so it will be very difficult for them to understand it. Although there are some of them who better understand investment well than us who are new to him. We are in the time of technology and maybe before they did not know that and if parents like this I was sure they would be far more difficult to educate about Bitcoin investment because to understand it would be very complicated and require time for them.

I don’t know why some people don’t understand simple English considering that they will find it difficult to be able coupe with investing in bitcoin because of their age and we all know how emotional bitcoin can actually make you be, this means that eventually it will affect their health because for how long will they be able to control their emotion when they are no longer young. The best thing that you can do is to advise them to invest through you as a child and then report to them than allowing them do it them self at their age.  Educating them will be a lot of work so it is better to ask for their support than allow them to invest in bitcoin.

What is most likely to happen they will provide capital and say it is we who manage because of the nature of parents who want to see their children successful in financial matters. But if we force them to be involved and investment skills and technology are not mastered, then we are the same as let them lose money.

Exactly what am saying it is better they provide the capital just that they should put the business in the hand of someone they trust, and having some to trust with money won’t be that easy, we all know the challenges people face entrusting people with their money. And if they eventually agree to provide you with capital then it will be better to manage it well.

[lizarder]

I don’t know why some people don’t understand simple English considering that they will find it difficult to be able coupe with investing in bitcoin because of their age and we all know how emotional bitcoin can actually make you be, this means that eventually it will affect their health because for how long will they be able to control their emotion when they are no longer young. The best thing that you can do is to advise them to invest through you as a child and then report to them than allowing them do it them self at their age.  Educating them will be a lot of work so it is better to ask for their support than allow them to invest in bitcoin.

At a further stage of knowledge when they are familiar with technology and the internet it will not be difficult for them to get involved in investment because they understand how. But the problem is when they are not living at all with the best abilities in our era so knowing technology and investment models like today will be much more difficult. The solution as you said they give their children the opportunity to manage and they don't need to be directly involved like us.

Because age can also determine health and thinking power so that it will affect the investment process they carry out. Parents' habits are forgetful and they are not focused on living and when forced to be involved in investment, it is feared that they will forget the important things in it.

Exactly what am saying it is better they provide the capital just that they should put the business in the hand of someone they trust, and having some to trust with money won’t be that easy, we all know the challenges people face entrusting people with their money. And if they eventually agree to provide you with capital then it will be better to manage it well.

Parents trust their children much more than other people because they know the nature of the child. Moreover, parents are also obliged to ensure that their children's lives are better, especially in financial matters. If they are willing to provide capital, then it should be managed well and not create things that are detrimental.

[FatFork]

What is most likely to happen they will provide capital and say it is we who manage because of the nature of parents who want to see their children successful in financial matters. But if we force them to be involved and investment skills and technology are not mastered, then we are the same as let them lose money.

You're right, Trying to get your parents on board with Bitcoin can be tougher than teaching calculus to a labradoodle.  Their financial universe revolved around assets like stocks, bonds, and real estate.  Crypto? Yeah, it's alien territory for them.

Part of me gets why just taking their money and handling the crypto yourself seems easier.  Skip trying to explain private keys or 51% attacks.  But if we don't bring them along for the ride that first 10% drop will freak them out.  Then come the frantic calls demanding you dump everything. 

I don't have all the answers yet on the best way to open their minds.  Maybe we start slow, explain the basics without all the technical jargon.  Or share stories of institutions now investing.  Patience and small steps...

[Catenaccio]

You're right, Trying to get your parents on board with Bitcoin can be tougher than teaching calculus to a labradoodle.  Their financial universe revolved around assets like stocks, bonds, and real estate.  Crypto? Yeah, it's alien territory for them.

It's classic difference between generations and it's normally. In addition, they have different time budget left than their children, grandchildren and they must have different plans for their retirement plans till their deaths.

Some elderly will invest in Bitcoin but they will use limited part of money they have for this investment and the most money they have will go to traditional assets, gold, stocks, real estates.

Part of me gets why just taking their money and handling the crypto yourself seems easier. But if we don't bring them along for the ride that first 10% drop will freak them out.  Then come the frantic calls demanding you dump everything.

The Bitcoin Crash of 2021 Compared to Past Sell-Offs
Bitcoin Returns vs. Major Asset Classes

Skip trying to explain private keys or 51% attacks.

Because it will nearly not likely happen so introduce it to them is not necessary and the explanation can make them more confusing and even fearful.

[lizarder]

You're right, Trying to get your parents on board with Bitcoin can be tougher than teaching calculus to a labradoodle.  Their financial universe revolved around assets like stocks, bonds, and real estate.  Crypto? Yeah, it's alien territory for them.

Part of me gets why just taking their money and handling the crypto yourself seems easier.  Skip trying to explain private keys or 51% attacks.  But if we don't bring them along for the ride that first 10% drop will freak them out.  Then come the frantic calls demanding you dump everything. 

We should not force them because it will affect the health patterns they have, because the investment patterns in their time were different from the investment patterns we have today. So teaching them about investing in bitcoin will be much harder and they won’t be able to understand it well when they don’t have the skills in technology and the internet. It’s better for us to handle it and for them to just enjoy the results, after all, parents will inherit their wealth after they’re gone and what does money mean when they’re gone.

It is better for us to manage and control because letting their lives be more peaceful and comfortable in their old age is a dream. Price fluctuations will affect their health and I am sure they will never be ready to face this problem because this is not an investment step that they have ever taken before.

I don't have all the answers yet on the best way to open their minds.  Maybe we start slow, explain the basics without all the technical jargon.  Or share stories of institutions now investing.  Patience and small steps.

Especially for me, I don't have a way to explain everything to my parents because they have never known bitcoin well at all and they are even more interested in buying gold than bitcoin. So I decided never to talk about bitcoin with them and I also don't want to make their old age in a stressful state by thinking too much about money.

[Abbatty]

We must also understand that their generations are different and the lives they live in investment relationships like now are also different so it will be very difficult for them to understand it. Although there are some of them who better understand investment well than us who are new to him. We are in the time of technology and maybe before they did not know that and if parents like this I was sure they would be far more difficult to educate about Bitcoin investment because to understand it would be very complicated and require time for them.

I don’t know why some people don’t understand simple English considering that they will find it difficult to be able coupe with investing in bitcoin because of their age and we all know how emotional bitcoin can actually make you be, this means that eventually it will affect their health because for how long will they be able to control their emotion when they are no longer young. The best thing that you can do is to advise them to invest through you as a child and then report to them than allowing them do it them self at their age.  Educating them will be a lot of work so it is better to ask for their support than allow them to invest in bitcoin.

Cryptocurrency is actually complex and i also feel that it will be difficult for some of our parents to understand everything about cryptocurrency easily, from how to secure their wallets and how to understand that it is volatile and price can move in any direction. It will be hard for them to understand that they should invest only amount they can afford to lose because when they hear that bitcoin can increase their money they will only look at the profits they can make and ignore the risk and when there is losses they may be affected by it and just as you have said it could as well have effect on their health and we all know that it will be difficult for them to control their emotions.

Exactly what am saying it is better they provide the capital just that they should put the business in the hand of someone they trust, and having some to trust with money won’t be that easy, we all know the challenges people face entrusting people with their money. And if they eventually agree to provide you with capital then it will be better to manage it well.

Yeah the idea is just perfect for them investing in physical businesses will be more suitable for them rather than bitcoin investment reason being that they may not be patient enough to wait for years to hold bitcoin but with business they can see the growth of their investment and will easily be in control.

[shield132]

The thing is, once you’re at that point, you find yourself wanting to share this excitement or knowledge with those closest to you, not to inflate the value of your holdings (unless you’re a cousin of an Arab sheikh, they’re not going to move the price), but because you truly believe in its transformative power for their financial future (they will remember you in the midst of a bull market, but it won’t be the right time either). I have to say, that I manage my own funds, and I do not want anyone's parents to feel obliged to buy bitcoin. I have summarize in this post, the main points I would address to try to teach some friend or relative bitcoin.

I want to avoid in any case, that sensation of being a boring crypto bro evangelist, you can’t force anyone to move their money in one way or another, the goal is to transmit some of the knowledge , in a synthetic way, so that ideas start to take shape, and at least the people who read this start asking themselves questions, or at least question how the current system works.

I am in Bitcoins since 2016 but I was a kid and no one was taking me seriously. I was in video editing, was making some after effects intros and videos. I had to fake my age because no one was taking me seriously with my true age. When I was faking age, I was getting jobs online from various companies, so I was earning some money even in my childhood but at the same time I also discovered Bitcoin, registered on this forum, read a lot about it and I understood the potential of this coin. Most importantly, I understood why this coin was going to rise and was suggesting my family members to buy Bitcoin with their savings but instead of following my advice, they laughed at me and suggested me to forget Bitcoin and save money in USD. What could I do? They were my parents and I was forced to give them my money to hold USD but soon I joined signature campaigns and started earning real Bitcoins without my parents knowing about this additional income of mine. Over time, my Bitcoin savings went 10x up in 2017 and now you see where the price is soaring.
Today I amn't going to suggest anyone any investment. When I suggested it, everyone was laughing. We would be millionaires if my parents followed my advice but they refused it even in 2019 and later. I don't care about other's investments anymore and I suggest you to do the same. In the end, no one will be your grateful and in exchange you'll mostly experience mockery.

[MeGold666]

Today I amn't going to suggest anyone any investment. When I suggested it, everyone was laughing. We would be millionaires if my parents followed my advice but they refused it even in 2019 and later. I don't care about other's investments anymore and I suggest you to do the same. In the end, no one will be your grateful and in exchange you'll mostly experience mockery.

Would YOU listen to your kid financial advice ?  

[Ale88]

Today I amn't going to suggest anyone any investment. When I suggested it, everyone was laughing. We would be millionaires if my parents followed my advice but they refused it even in 2019 and later. I don't care about other's investments anymore and I suggest you to do the same. In the end, no one will be your grateful and in exchange you'll mostly experience mockery.

Would YOU listen to your kid financial advice ?  

I think it depends on the situation: do the parents know something about investments? Do they invest? And if they do, what type of returns did they get? Based on those questions and answer you can already get an idea whether they should at least try to listen to their kid, and listen to is different than actually doing it. I'm sure there there are kids (who grew up in the meantime) that thanks to bitcoin are way wealthier than their parents.

[virasog]

A good child must be faithful to his parents. And even then it is quite natural that they will behave very conservatively in investing in such non-physical assets. But if you can earn their loyalty and have faith in their children's work they will at least try to think about it. And at that time if they can be presented with information about cryptocurrency or bitcoin they can be enticed to invest or encourage the child to invest. So we who learn to behave modestly in our life and achieve success in good deeds will succeed in attracting the attention of parents in this regard.

In majority of the cases, the parents won't buy bitcoin if their children convince them and tell them about the advantages and future of the crypto currency. Yes, one thing can happen that after getting some knowledge from the children, the parents study themselves about bitcoin, get advice from other people including relatives and close friends and then buy bitcoin on their recommendations. Another thing that help in making the decision to buy bitcoin is the financial status of the family. If the parents do not have much money, they won't risk it in risky investments as opposed to rich parents who won't mind buying bitcoin on recommendation of their children.