I got my mother to buy 15 bitcoins over the past year. Have you done similar?

[colinistheman]

I got my own mother to purchase 15 BTC over the past year. She will be sitting pretty in 5 years

(and don't worry, I secured the bitcoin for her)



Have you gotten someone you know or love to buy bitcoin because you want them to be doing well in the future?

Post your success stories here.

[bigreddmachine]

I got my housemate to claim $10 in BTC from the Coinbase giveaway for students a few months back.  But that's as far as he's gone I believe.

[colinistheman]

I got my housemate to claim $10 in BTC from the Coinbase giveaway for students a few months back.  But that's as far as he's gone I believe.

That's great. It's the thought that counts

[LiteCoinGuy]

i gift some to familie members. i would not recommend to someone to buy btc until he understands it.

[inBitweTrust]

I got my own mother to purchase 15 BTC over the past year. She will be sitting pretty in 5 years

(and don't worry, I secured the bitcoin for her)



Have you gotten someone you know or love to buy bitcoin because you want them to be doing well in the future?

Post your success stories here.

I have convinced my friends and family to buy at least 30 btc total, given out btc as gifts to at least 30 friends , and so far convinced 5 businesses to accept btc and more on the way.

[Velkro]

i wouldn't risk my family money with my ideas
but thats me

[inBitweTrust]

i wouldn't risk my family money with my ideas
but thats me

I understand this precaution and this was one of the original reasons I hesitated over a year ago recommending bitcoin... until I realized that their was more at stake with bitcoin than any personal feelings of guilt from not making the correct recommendations.

If you are honest there won't necessarily be any resentment. One friend of mine bought 2 btc when it was over 1k and she and I are still friends as I set her expectations to not buy what she couldn't lose and never to sell for a loss because there will be many more bubbles in the future.

[giveBTCpls]

Tried to get my dad to buy one and he says he can't trust it. So yeah, most people don't want to risk a single penny on it it seems. Some friends did buy like 0.1. What kind of gains do you expect in 5 years off 15 BTC tho?

[kerafym]

You gambled and it paid off this time.

What is your exit plan? At what price will you start cashing out?

[oceans]

I have not done this yet no. My family know about bitcoin but are not all that familiar about how it works and can not seem to grasp the concept that it will be in their best interest to invest cash into bitcoin. Most of what I say to them usually just goes over their head and then it's forgotten about until I bring it up again.

[unpure]

My folks can't seem to grasp the idea. They don't understand their money in a bank exist only in the computer network just like bitcoins.

Isn't that really surprising?

Baby-boomers was raised to believe they are special yet they know seem to know jack shit, while at the same time ruining not only the country but their children also.

[inBitweTrust]

What is your exit plan? At what price will you start cashing out?

Exit plan? There is no exit to fiat for me. Bitcoin is more important than just another investment. Whether it is worth 600usd or 500k usd per bitcoin any fiat that comes by way gets converted to clean money.

[bander]

Most people that know me know about bitcoin because I talk about it regularly. Like many have said, most of the older generations dont grasp the concept, and a few in my generation dont either. But lets be real.. the generations below us will fully understand and adopt it, thats when the investments really pay off.

[colinistheman]

You gambled and it paid off this time.

What is your exit plan? At what price will you start cashing out?

She is going to hold some of them for many years (3-8), and some shorter term (1-2 years).

I expect she will make about $50,000-$100,000 in total profits at the end of it all

[brokedummy]

When the price collapsed after Christmas I tried to get my facebook friends to all buy $100 worth at market price and to buy $200 more if the price went even lower. I called the bottom to the day, price rebounded over 100% in a few days. Nobody listened. After learning about the willy bot and the false liquidity I no longer advise others to buy in.

[xDan]

I got my own mother to purchase 15 BTC over the past year. She will be sitting pretty in 5 years

(and don't worry, I secured the bitcoin for her)

ha, got my mother a handful

problem is, she keeps wanting to cash out. HODL, I tell her. HODL STRONG.

fortunately she can't cash out unless I do it for her

[rz20]

She don't want to take the risk of Bitcoin 

[colinistheman]

When the price collapsed after Christmas I tried to get my facebook friends to all buy $100 worth at market price and to buy $200 more if the price went even lower. I called the bottom to the day, price rebounded over 100% in a few days. Nobody listened.

I also told people to buy when the price was low but there is a learning curve which is hard to "jump at the opportunity" with. It takes time and education.

After learning about the willy bot and the false liquidity I no longer advise others to buy in.

I had the same worries, but I decided my worries were unfounded because the price has stabilized around $600. The price would have kept dropping further if the willy bot made the market completely artificial. So regardless of what that willy bot had "accomplished", it is now out of the picture because Gox is down permanently, and the price is stabilized and shows signs of increasing again. So I would suggest you re-look at what you really think the willy bot has to do with today's prices. In my opinion, nothing any more.

[adamstgBit]

She don't want to take the risk of Bitcoin 

not owning any is riskier.

[CoinDiver]

Got a two co-workers to buy 1-2 btc back at $120... got another to buy 6 at $650 (on the way down to $400). Got a buddy to buy $6 in btc. Got my parents to trade about 200 oz of silver for btc. Got my fiancee to "allow" a weekly recurring coinbase withdrawal. Got a local bar to take BTC.