Quote from: FatFork on July 27, 2024, 02:26:51 PM

You're right, Trying to get your parents on board with Bitcoin can be tougher than teaching calculus to a labradoodle. Their financial universe revolved around assets like stocks, bonds, and real estate. Crypto? Yeah, it's alien territory for them.

Part of me gets why just taking their money and handling the crypto yourself seems easier. Skip trying to explain private keys or 51% attacks. But if we don't bring them along for the ride that first 10% drop will freak them out. Then come the frantic calls demanding you dump everything.

We should not force them because it will affect the health patterns they have, because the investment patterns in their time were different from the investment patterns we have today. So teaching them about investing in bitcoin will be much harder and they won’t be able to understand it well when they don’t have the skills in technology and the internet. It’s better for us to handle it and for them to just enjoy the results, after all, parents will inherit their wealth after they’re gone and what does money mean when they’re gone.

It is better for us to manage and control because letting their lives be more peaceful and comfortable in their old age is a dream. Price fluctuations will affect their health and I am sure they will never be ready to face this problem because this is not an investment step that they have ever taken before.

Quote from: FatFork on July 27, 2024, 02:26:51 PM

I don't have all the answers yet on the best way to open their minds. Maybe we start slow, explain the basics without all the technical jargon. Or share stories of institutions now investing. Patience and small steps.

Especially for me, I don't have a way to explain everything to my parents because they have never known bitcoin well at all and they are even more interested in buying gold than bitcoin. So I decided never to talk about bitcoin with them and I also don't want to make their old age in a stressful state by thinking too much about money.