Quote from: FinePoine0 on Today at 09:02:00 AM

Quote from: HelliumZ on October 14, 2023, 11:20:22 PM

I got into Bitcoin as a college student though I am not involved in earning yet but I have a lot of interest in Bitcoin and I am planning to hold Bitcoin. My father is a Malaysian expatriate. He receives a salary of $500 per month and sends $400 per month to support my family. I collect all the money from my father's salary and spend it for family support. Recently I have made a plan to invest a certain part of my father's salary remittance in Bitcoin but in this case I don't understand whether it should be invested in Bitcoin. I paid attention to invest in bitcoin seeing the popularity and future importance of bitcoin but my father and mother from my family have no knowledge of bitcoin so they keep persuading me to invest in bitcoin.

My parents thought that bitcoins that cannot be seen or touched cannot be an asset. They think that investing in physical assets such as gold, bank deposits, land etc. is more profitable than Bitcoin. But even after I convinced them, they are not ready to invest in Bitcoin. They don't want to believe in virtual currency.

Right now I want your important advice on how to convince them.

Investing in Bitcoin is much better than gold, because investing in Bitcoin has the potential to improve in the future. Many people invest in gold, so I don't like this investment, because the benefit is very less, but in comparison, if I invest the same money in Bitcoin, it is possible to get two to three times more benefit here. For I like recruitment the most

Since we are associated with Bitcoin, we will definitely give more importance to Bitcoin investment than gold. But buying and investing in gold is not a bad investment. A few years ago we saw that the price of gold in Bangladeshi taka was 30-40 thousand per load. Now that gold price is BDT 1,10000 per load. However, I advocated Bitcoin investment first because there is no other investment compared to Bitcoin investment.However, if one can still buy and hold Bitcoin, one can get huge returns when the bull market starts.