How do we convince our parents to invest in Bitcoin?

[DannyD234]

It will be very hard to convince them especially when you tell them the risk involved, the intricacies and everything about cryptocurrency. We all know that in crypto you need to be knowledgeable about various things and it might seem abstract to our parents they are not used to such complexity associated with crypto, due to such complexity they might no feel inclined or interested in investing in crypto especially when it comes to withdrawing their funds.

[Chilwell]

It will be very hard to convince them especially when you tell them the risk involved, the intricacies and everything about cryptocurrency. We all know that in crypto you need to be knowledgeable about various things and it might seem abstract to our parents they are not used to such complexity associated with crypto, due to such complexity they might no feel inclined or interested in investing in crypto especially when it comes to withdrawing their funds.

Honestly speaking, you made a great point, it will be very difficult to convince them because they are familiar with the use of traditional of currency method, so they may struggle to understand and trust cryptocurrency, must especially that it has to do with technology which they no nothing much about, so they may not be easily convinced.

[Dr.Bitcoin_Strange]

Just like we can convince other people to adopt Bitcoin investment, that's also how we can convince our parents, depending if your parents loves to talk about their finances with you or not. Some parents doesn't share their investment plans with their kids, but for kids that their parents freely talks about investment and the latest trend of income source and passive income, you can use such medium to talk to your parents about Bitcoin investment. Another thing is that, some parents prefers to also save for a short term period so that they can use the money for any particular that they must have already plan to embark on. So, it's usually based on those two scenarios, when you discuss almost everything with your parents and depending on how long they want to keep their money, it will be easy to tell them about Bitcoin.

[rachael9385]

Most of our parents are committed to traditional investments such as bank deposits, and some of them can neither read nor write and some have never heard of cryptocurrencies before, so in this situation, if we see that they have intention to do any kind of profitable investment, how do we convince them to invest in Bitcoin?
I'm interested in knowing what you think of this discussion.

It can be easy to convince other people or our parents to invest in Bitcoin but we can not force them to invest on Bitcoin because they must accept the facts that Bitcoin (crypto currency) is volatile and the price fluctuate in every seconds. So they must risk what they can afford to lose.