Do your parents invest in bitcoin ?

[Vinaa77]

Actually my parents are not believe in digital currency, because of their age, and I'm trying educate them about Bitcoin and how it works. But only what them want from me is proof, which I have invested little money I have and screenshot my buying point and print it out as evidence, while waiting for Bull Run market to sell in a higher price. Therefore I can't wait to invest for my children as a prosperous father.

It will indeed be difficult for parents to be able to believe in investing in something new like digital currency and they are used to investing in real assets, whereas when investing in Bitcoin we cannot see the physical form and only the nominal value that we can see and this will makes it difficult for them to believe because they are used to the investments they make, if your parents are interested in what you explain, of course this will benefit you when they make investments and you will be able to benefit from what they do.

[wiss19]

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

No, it's not even easy to tell parents about Bitcoin, because they will usually be more comfortable with more traditional things, for example investing in land, property or gold, whereas Bitcoin has a lot to teach them, including about the technology, which for them it's difficult to understand, even the cell phones they have are only used to send messages and make calls which don't have access to the internet, so it will be difficult to convince them to want to buy Bitcoin even though we tell them about the benefits they will get and the potential for large profits.
It seems easier to ask for a faster share of inheritance so that we can buy Bitcoin than to convince them to buy Bitcoin

Every person makes decisions based on their experiences and observations. When our parents started their life journey, Bitcoin and technology were not so advanced so it is really difficult to explain these things to them. I bought some coins and my parents got angry that I just wasted money and nothing else and would get nothing but loss but when I got profit, then they got a little bit of confidence that money could be earned from it. They are not completely satisfied, but now I have to buy Bitcoin and they don't stop selling, they always say that it is a loss and ask me to act carefully. Maybe because they don't know about it.

And nothing is surprising in this, because if we do the things that exist for us today, tomorrow our next generation will do something new, then we will also feel strange and we will not be able to believe quickly. We will give the reward of what we have done. There is no need to try something new. There may be harm in it. There are always concerns.

No parents want their children to suffer any kind of loss so they worry more about their children than the children themselves.

[puloweh555]

Actually my parents are not believe in digital currency, because of their age, and I'm trying educate them about Bitcoin and how it works. But only what them want from me is proof, which I have invested little money I have and screenshot my buying point and print it out as evidence, while waiting for Bull Run market to sell in a higher price. Therefore I can't wait to invest for my children as a prosperous father.

It will indeed be difficult for parents to be able to believe in investing in something new like digital currency and they are used to investing in real assets, whereas when investing in Bitcoin we cannot see the physical form and only the nominal value that we can see and this will makes it difficult for them to believe because they are used to the investments they make, if your parents are interested in what you explain, of course this will benefit you when they make investments and you will be able to benefit from what they do.

Bitcoin is still very young, having only been around for just over a decade. So it's natural that parents don't believe in investing in bitcoin because it's not in physical form and most of them have difficulty learning this super advanced bitcoin technology. Because in the past parents preferred to invest in real assets that were in front of their eyes, such as gold which has been around for centuries as an investment asset and property. It could be said that our parents' generation is not a digital generation, only some parents can understand Bitcoin easily.

However, educating parents about bitcoin still has to be done so that they know the basics of bitcoin, who knows, one day they will start to realize that investing in bitcoin is better than other investments and want to invest in bitcoin even though they can't do it themselves because they don't understand the technology, at least they know the goal so they want to invest in bitcoin with your help.

[DaNNy001]

Actually my parents are not believe in digital currency, because of their age, and I'm trying educate them about Bitcoin and how it works. But only what them want from me is proof, which I have invested little money I have and screenshot my buying point and print it out as evidence, while waiting for Bull Run market to sell in a higher price. Therefore I can't wait to invest for my children as a prosperous father.

It will indeed be difficult for parents to be able to believe in investing in something new like digital currency and they are used to investing in real assets, whereas when investing in Bitcoin we cannot see the physical form and only the nominal value that we can see and this will makes it difficult for them to believe because they are used to the investments they make, if your parents are interested in what you explain, of course this will benefit you when they make investments and you will be able to benefit from what they do.

This your statement classes all parents as old or not entitled with the developments of this recent generation because I believe am also a parent myself and am fully involved with use of Bitcoin as investment but although I do understand the context of what you are talking about but I feel the urge to clarify that it shouldn't be a general sense about parents that aren't willing to invest as some of them are fully aware and involved too.

[Solokan]

My parents don't invest in Bitcoin and I have explained many times about Bitcoin and also the benefits of Bitcoin, but my parents don't understand because what they know is that the investment they like is investing in gold or land, but honestly, this is something that is normal and I understand my parents because he is old and of course it is very difficult to accept lessons about btc.

However, after I experienced the benefits of investing in Bitcoin, my parents supported me if I invested in BTC and of course I felt happy because my parents supported their children investing in BTC because they had seen real evidence. but of course I can't force my parents to invest in BTC because they don't understand online technology, but of course everyone has different experiences, but of course there are also many parents who teach their children about BTC. But personally, my parents didn't teach me about BTC and honestly I got more support from friends on this forum to invest in BTC.

[MarkoUlrich]

It's interesting to see how different generations approach Bitcoin. While some parents may invest, others may not understand it fully. Millennials and Gen Z often embrace it more readily.

[Nothingtodo]

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

My parents didn't want to invest in Bitcoin at first but I got them interested and encouraged that's why my parents got interested in investing in Bitcoin. Of course there was some profit after the investment but now I am facing losses and my parents are very angry with me.  Because I advised my parents to invest the money they had saved and they acted on my advice due to which I am being blamed for that investment.

[Supianto]

It's interesting to see how different generations approach Bitcoin. While some parents may invest, others may not understand it fully. Millennials and Gen Z often embrace it more readily.

Well, most people in our generation are not buying it too. I don't think that correlation is too huge.

[OrangeII]

My parents don't invest in Bitcoin and I have explained many times about Bitcoin and also the benefits of Bitcoin, but my parents don't understand because what they know is that the investment they like is investing in gold or land, but honestly, this is something that is normal and I understand my parents because he is old and of course it is very difficult to accept lessons about btc.

However, after I experienced the benefits of investing in Bitcoin, my parents supported me if I invested in BTC and of course I felt happy because my parents supported their children investing in BTC because they had seen real evidence. but of course I can't force my parents to invest in BTC because they don't understand online technology, but of course everyone has different experiences, but of course there are also many parents who teach their children about BTC. But personally, my parents didn't teach me about BTC and honestly I got more support from friends on this forum to invest in BTC.

they are not wrong. The way people used to invest was in gold and land, and that method always worked. Maybe they are not interested in something new, especially if it has big risks. However, this does not need to be forced. At least, you have tried to explain this investment. However, many parents are not very familiar with how bitcoin works, and are skeptical about it. Well, that's natural, even among them there are still many who have difficulty using smartphones. But, I think it has been a good effort.

[BALIK]

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

My parents didn't want to invest in Bitcoin at first but I got them interested and encouraged that's why my parents got interested in investing in Bitcoin. Of course there was some profit after the investment but now I am facing losses and my parents are very angry with me.  Because I advised my parents to invest the money they had saved and they acted on my advice due to which I am being blamed for that investment.

I have to say that convincing someone to invest in bitcoin, especially older people like our parents is a bad idea. And it's even worse when you encourage them to use their life savings to invest in a volatile and risky asset like bitcoin.
I don't understand why so many people have the idea to convince their parents to invest in bitcoin when we all know that bitcoin is very volatile and it is not suitable for older people. If you really want to be good for your parents, earn money and give it to them, take care of them, don't lure them into investing in things where even you cannot guarantee what will happen next.

I will even stop my parents if they want to invest in it, simply because investing in bitcoin has never been as easy as many people think, they only think about profits and ignore the risks they face.

[moneystery]

My parents didn't want to invest in Bitcoin at first but I got them interested and encouraged that's why my parents got interested in investing in Bitcoin. Of course there was some profit after the investment but now I am facing losses and my parents are very angry with me.  Because I advised my parents to invest the money they had saved and they acted on my advice due to which I am being blamed for that investment.

i don't think that directing your parents to invest in bitcoin using their savings is a wise thing to do. if they invest using part of their income, it might not be a problem because they have income and they only invest part of their income, but the problem is when they invest using their savings which should be used for their old age.

what you should do is as @balik said, you should give money to your parents so they can save more money. or you can prepare bitcoin investment for their future with the money you should give them, so that when they need it in the future, they can exchange it and get more profit.