Post
Topic
Board Bitcoin Discussion
Re: I am now financially ready to invest.
by
bocyaj
on 16/12/2023, 18:38:45 UTC

Working together with your own parents to navigate the crypto market will not present difficult obstacles if both of them can give each other the best ideas for investing and also for trading while investing in this very good moment. Risk is always present in all work, but it should not be considered a very serious obstacle. Because everyone can learn from people who have been successful in the past that daring to take risks with a very qualified level of knowledge is a very wise step for anyone.

If your parents had the knowledge about the crypto market,you can add them to the trading of the cryptocurrency.But if they don’t have sufficient knowledge about the cryptocurrency,you better get the source from them and inverse on yourself.Because the daily analysis was the essential in the crypto currency.If your parents at the old ages,you can’t ask them to do analysis for some other coins.Instead you can add your younger or elder siblings into the trading business.This helps you to make double the money by the same time spending in the cryptocurrency trading.

How did you convince your father to invest in Bitcoin? I hope you didn't pressure him into it, considering he is the one taking the financial risk, not you. Your father is entrusting you with his money, so you should invest it carefully. Investing in your father's money can sometimes hurt your relationship with him. If you fail, he may lose trust in you in the future. If I were you, I would focus on finding a job or doing well in your studies so that you can afford to invest in your future. As you are currently young, it is not your money, and investing now may negatively impact your father's source of income.

Until his father had the trading experience in stock or cryptocurrencies,one can’t ask his parents to inverse in the bitcoin.It won’t be the better option to do trade with your parents without any trading experience.If the trader using his father money for the trading,he should be more careful with investment options.