Do your parents invest in bitcoin ?

[krishnaverma]

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

[bitmover]

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Lol my father does have some Bitcoin.  I told him to buy, but he did a terrible job and bought way later at terrible prices.. he wanted to sell,  I stopped him, and now he is in profit but just a little bit.

Anyway, Bitcoin is way more common in millenials and Gen z.

[CODE200]

I'm trying to convince them, for now they're not yet convinced but they don't mind me buying a small portion of bitcoin from my salary every payday so hopefully when the big price pump happens, I'm going to have a lot of profit that would probably convince them, I try everytime that I buy bitcoin to let them in on the investment journey but so far they're not yet convinced with how I deal with bitcoin but I know that I'm getting to point soon, they're complaining about them nearing their retirement so I know that it will eventually make them come to terms that they will have to buy those bitcoins for their safety against inflation.

[Nwada001]

My parents didn't even know about crypto until I talked about it with them. My mom finds it very difficult to understand the whole thing, as she is not technically enlightened. Even my dad, who has asked me questions a few times about how it works, is still not convinced as to whether it is worth his investment. 
 
My parents are the type of people who believe in what they can see with their eyes; they are both entrepreneurs, yet they find it difficult to invest in Bitcoin.
 
I'm the only one with my other siblings, who follow after me and have at least some basic knowledge of Bitcoin and are also holders. Buying Bitcoin might be the last thing on my parent list right now unless I'm ready to sign that whatever the outcome will be, I will take full responsibility, which I'm not ready to do.

[kentrolla]

I did my best and somehow convinced them to invest into BTC during 2020 and though they weren't thoroughly convinced but they ended up investing into Bitcoin and my bad luck they witnessed the bear market, balnes me and end up selling it off. I have stopped convincing them rather i do convince my peers and other member my age group. Sometimes it's better to leave them with their traditional investments they don't fit in here.

[Myleschetty]

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

My parent is not into tech or any online activities due to their age they both dont see anything special about Bitcoin but that may change in the future though and if the change happens the only person I strongly believe will invest in Bitcoin is my Dad based on his curiosity about new opportunities which I believe is the gene I get from him.

[Kristiyana]

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Actually my parents are not into crypto investment and I'm not even sure if they will be interested maybe if I tell them about bitcoin, I'm scared to tell my father about crypto investment due to what is happening in the internet, though he is awere of this internet fraudsters but with his level of understanding I don't think if he can go with it the right way.  However with the way he sounded the last time I told him about crypto investment I think is not yet ready for it, so I just decided to let go of him since he's not yet ready for it.

[Ruttoshi]

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

None of my parents invested in bitcoin even till now that I told them, they refused. I was able to talk to my uncle and he bought the idea of investing in bitcoin which he did.

My journey in crypto started all by myself when I was introduced to bitcoin in the early 2019 during the Covid pandemic. I introduced bitcoin to my family to see how it can add impact to their lives just as it did to mine, and I am happy that my siblings bought some fractions of bitcoin.

[avikz]

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Nope! They are all retired and living a comfortable life with their savings. So they simply do not want to invest in something that is risky. The only investment they have is Bank deposits.

Also it's a little more technical than they can manage to control by themselves. I had tried to explain them about bitcoin. But my dad was worried that I will be asking them to provide money to invest. That's why they didn't bother to listen. 

[Dunamisx]

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Our parents do not have to invest on crypto as a must even though we are into crypto and that same decision does not have to affect the way we are holding or journey on bitcoin for anything, business has to do with each individual adoption potencies, whereby they can uses such as a means to use in standing against all odd in their financial economy, if they don't see the reason and positivity for adopting bitcoin, it will always be of no relevance to them, so its something we can start from somewhere if we really want to get others around us involved in bitcoin, then they must see the reflection in how we leave our lives.

[Nothingtodo]

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

I live in a country where Bitcoin is completely outlawed by the government and anyone directly or indirectly investing in Bitcoin is punished if the government finds out. In this situation it seems unlikely that my parents would have any knowledge about Bitcoin so my parents do not know anything about Bitcoin for now and have no opportunity to know. So my parents couldn't invest on Bitcoin.

[NurseHub]

No, my parents do not invest in Bitcoin because they don't even have a clue how it works, and I'm pretty sure no day will come when my mom thinks of something like that. 

Just my younger brother, who is more enlightened on it, does. But I believe that with time, my elder brothers will invest.

All they need is to be enlightened on how it works.
As for me, I'm investing sooner.

[Ojima-ojo]

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Lol my father does have some Bitcoin.  I told him to buy, but he did a terrible job and bought way later at terrible prices.. he wanted to sell,  I stopped him, and now he is in profit but just a little bit.

Anyway, Bitcoin is way more common in millenials and Gen z.

Hard to convince old forks to eat new foods, it have to take a lot of time, talk and profable results for them to be convinced just a bit, and doing so may be late in such situations, although the pick interest either one ways or the other as long as we keep pushing our Bitcoin activities and usage to they face, in terms of investment, I think some of our parents are late to invest in Bitcoin now considering the level of finance and how much Bitcoin is cost at this time.

All that I think they can do for now at least in my own situation is just to have basic knowledge about Bitcoin and the technology just say the have knowledge on how we make money through Bitcoin investment and trading or any other activities that engage with Bitcoin to generate income.

[Velemir Sava]

My parents never really knew what crypto was and what BTC was because they only knew about one investment, namely gold and it was natural that they were already old.

What motivates me now in BTC is that the pattern of making profits is simpler and shorter than what my parents invested in and the pattern is very similar to buying gold, only the duration is different in terms of profits.

BTC is digital gold for now.

[Queentoshi]

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

My parents are old and even struggling to come to terms with some modern facilities. My parents do not even find it easy navigating through their own phones, I do not think they are capable of investing in bitcoins at their age because they are not tech friendly. They are more focused on traditional investment that they can physically monitor.
I would have been a happy though if they were investing because to have my parents investing in Bitcoin would have been a huge encouragement for me and I believe that I would have started earlier since they would have been a big influence from a young age.

[Z-tight]

You should probably have put your op better, i believe you want to know if older people around us are interested in BTC and if they also buy some coins for themselves. This will depend on the part of the world we are talking about, in my own opinion, it will be harder for older people to get involved in BTC in third world countries, or in locations where education is poor, and there is little or no literacy in tech or the digital world.

However, even if older people in some parts of the world understand what BTC is, it would be hard for them to trust it or to buy it, they will most likely call it a scam and stick with older forms of investment that they are used to.

[Hamza2424]

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Hmm, in straight yes, my father is an active accumulator of Bitcoin from his monthly salary based on the Buy the Dips strategy and DCA as well, you can say a hybrid technique to accumulate which is more efficient in my view as well. Yup, my own journey started after getting inspiration from my father although he knew just the basics TBH, he was the first motivation for me to start exploring this space, and now Alhadmdullilah I know a lot, and on the way to grabbing more and more.

He did buy some Bitcoin in early 2016 and sold them for some reason id don't know haha but know he accumulated after realizing the potential in the 2020 market.

[Churchillvv]

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Perhaps, bitmover already gave you the best of information you can get there.

But I will add my personal experience too. At my age, I'm very very young compared to the people I see here in the forum, although it's an anonymous forum but I still see alot of my parents age here. Since, I know alot of old people are here who are capable of having me as their children 10x then, I can say my parents ages invests in bitcoin.

But for my parents, Nahh.. I guess if I tell my mom to get some for her self as an investment she might if I'm able to convince her but for my father his in heaven 🕊️ I guess I would have gotting a lot of bitcoin in his portfolio if he was here, so basically the impact of this was negative in my journey with bitcoin.

[batang_bitcoin]

Are your parents investing in bitcoin ?

Yes but only a few because I've told them to buy. But they are inconsistent and never bought again but they still hold that few amount.

Has it impacted your journey with crypto ?

Not really. I was just happy to see them hold just as mine but they're not the same interest as I've shown them. But it's fine, they're also like us, HODLERS.

[Z_MBFM]

Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Truth be told my parents are very poor in terms of technology and they are very little familiar with internet world. so they didn't know anything about Bitcoin and didn't understand that I asked them for some money and what I would do with that money, I dared to say that I would invest some money in Bitcoin. they laughed. So I didn't try to convince them anymore because I know I won't be able to convince them. my parents don't know about bitcoin don't invest in bitcoin but my kids can say that my parents invest in bitcoin, use bitcoin and know about bitcoin he he he....