My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).
Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.
Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!
Did you manage to convince your dads or other older people in your family to buy BTC?
You did a good job thou but have you thought of the other side of it? I mean the trauma and dilemma (sell at loss or hold for long time) associated with Bitcoin? Considering his age, I don't think he can be able to control his emotions when the market is in a state of collapse. I don't know the worth of that amount in your country but in my country here that is a little bit huge amount.
Being that optimistic isnt really that bad and of course on the time that you had stepped your foot into this market then it is really that impossible for you not to be aware on whats the particular risks.
Yes, you could really still able to make yourself that aware about those volatility but once you do gain put up the awareness then you cant really make yourself that be shocked about the circumstances.
There are really that people who are really that easily to understand on what they are dealing and specially on the time that someone introduce it to them or really have that self learned.
It is really good that you are really that able to convince your dad without having no problems.