Quote from: pawel7777 on September 13, 2024, 10:40:06 PM

Quote from: 2Pizza410000BTC on September 13, 2024, 09:26:45 PM

You are a young man of 18, I think you have the ability to understand what is good and what is bad according to your age. You have known about Bitcoin since you were 16 years old hearing about it. If you have a good salary and are not dependent on parents, you can invest monthly or weekly using DCA method with part of your salary. But that's not all, you must be experienced with your investments and holding your investments. Everyone's parents believe like your parents because they are not of my generation like yours it will take time for them to understand about Bitcoin.

It's more than expected that older generations are highly skeptical of things they have no experience with and don't fully understand. And conservative approach and sticking to what you know works, may not sound romantic or exciting, but it's a safe way, and you don't want to take too much risk especially when you have children to provide for.
I'd be more worried about parents getting overly exposed to risky investments like crypto.

And way too many people are looking into crypto as an alternative to hard work and acquiring real-life skills. That's a big mistake. There's no reason you cannot do both.

That's why I never liked the idea of teaching bitcoin to older people or convincing our parents to invest in bitcoin. To me, this is a bad idea because the benefits they get are much less than the risks they face.

But it is confusing when many people try to convince their parents to invest in bitcoin or worse, explain to their parents about bitcoin with the intention of asking their parents for money to invest in bitcoin. Meanwhile, our job is to earn money and take care of our parents, not the other way around, taking their money or putting them at risk. Bitcoin is a good investment but not suitable for everyone because not everyone can bear the risks it brings.