Quote from: Baki202 on July 26, 2024, 07:34:35 PM

Quote from: lizarder on July 26, 2024, 11:36:26 AM

We must also understand that their generations are different and the lives they live in investment relationships like now are also different so it will be very difficult for them to understand it. Although there are some of them who better understand investment well than us who are new to him. We are in the time of technology and maybe before they did not know that and if parents like this I was sure they would be far more difficult to educate about Bitcoin investment because to understand it would be very complicated and require time for them.

I don’t know why some people don’t understand simple English considering that they will find it difficult to be able coupe with investing in bitcoin because of their age and we all know how emotional bitcoin can actually make you be, this means that eventually it will affect their health because for how long will they be able to control their emotion when they are no longer young. The best thing that you can do is to advise them to invest through you as a child and then report to them than allowing them do it them self at their age. Educating them will be a lot of work so it is better to ask for their support than allow them to invest in bitcoin.

Cryptocurrency is actually complex and i also feel that it will be difficult for some of our parents to understand everything about cryptocurrency easily, from how to secure their wallets and how to understand that it is volatile and price can move in any direction. It will be hard for them to understand that they should invest only amount they can afford to lose because when they hear that bitcoin can increase their money they will only look at the profits they can make and ignore the risk and when there is losses they may be affected by it and just as you have said it could as well have effect on their health and we all know that it will be difficult for them to control their emotions.

Quote from: Baki202 on July 26, 2024, 07:34:35 PM

Exactly what am saying it is better they provide the capital just that they should put the business in the hand of someone they trust, and having some to trust with money won’t be that easy, we all know the challenges people face entrusting people with their money. And if they eventually agree to provide you with capital then it will be better to manage it well.

Yeah the idea is just perfect for them investing in physical businesses will be more suitable for them rather than bitcoin investment reason being that they may not be patient enough to wait for years to hold bitcoin but with business they can see the growth of their investment and will easily be in control.