There is no need to be biased here, and if we answer frankly, it is clear that bitcoin as an investment will give better returns than gold but will have higher risk than gold. The higher the profit, the higher the risk, that is an immutable rule of investment that everyone knows.

Our parents belong to the older generation and they like to be safe so there is nothing wrong with them choosing bitcoin. Meanwhile, OP and we both belong to the younger generation, so choosing bitcoin is completely reasonable. But the blame in OP's story is that he is convincing others to invest in bitcoin, not his money. As some people have pointed out, why doesn't he use his own money to invest instead of taking money from his parents?

This was discussed many many times in the past. You can pretty much google “gold vs Bitcoin” and you will see the similarities and differences.

The largest in my opinion is that gold is not that easy to spend or transport. Let’s say you want to buy $100 worth of goods but you own only a 1 oz bar for $1800 currently. You can’t cut the gold in pieces easily.

It’s also difficult to transport if you want to go to a different country. Carrying in thru customs would be risky and might get confiscated.

Well firstly the OP title and the thread opening post imply a different context.

I know this might sound rude, but it is not your job to convince them or as a matter of fact, any no-coiner to invest in bitcoin. It is their choice and although you have vested interest here being your family, you should be careful about this.

A person who has spent their time away from technology and recent advances and wants to lead a quiet happy retirement cannot be made to get into crypto against their will, they will face a lot of mental and physical stress that they may not be able to endure, you are young and you have no idea what your parents might go through.

My suggestion here would be to start a saving from what you can manage every month and gradually start buying bitcoin from that every month or so whenever the price drops. As your stash increases introduce your parents to it and show how the coins can be used.

New things need to be introduced slowly and not forcefully. Forcefeed someone and they will never accept it.

I'm also a bitcoin investor, but I like to give fair reviews rather than just flattering bitcoin. I disagree when you say that the value of all assets is falling while the economy is in recession and bitcoin prices are rising. If you compare the ATH to the current price, bitcoin is still down more than 50% in value, I don't think it is growing better than other assets. Furthermore, if you observe the gold price in recent days since the war between Israel and Hamas broke out, the gold price has increased significantly.

The higher the return, the higher the risk, bitcoin is very volatile so I wouldn't consider it a stable investment.

You said you know about bitcoin but you haven't invested in it yet, which means you don't know anything about it If you want to introduce bitcoin to your parents, you need to invest in it for the long term so you can get evidence to show them and convince them to invest in bitcoin when you make profit. It's better if you use your money to invest in bitcoin rather than your parents money because you are big enough to take care of yourself,If you invest and make a huge profit and show your parents, I am confident that he will believe in virtual currency. Bitcoin investment is the best investment that you will do and get massive returns if you leave it for 2 to 3 years. Gold investment requires a large sum of money to begin, and you cannot buy land with a small sum of money. Bitcoin investment, on the other hand, can begin with a small sum of money and make a profit, in my opinioni prefer Bitcoin investments then Gold.

We gotta go with Bitcoin from the three options because it's the one that can potentially give us massive profits if we hold onto it for long enough. Gold and land are solid investments too, but if we're not rolling in money already, our initial capital might not be that hefty. We're looking for something that could yield a significant return.

I'm pretty sure we got this idea from those inspiring stories of investors, you know, buying Bitcoin on the cheap and then selling it for a sweet profit in a short time.

Just check out the market's track record. Last September 2020, Bitcoin was only about $5k a pop. In just over a year, the price shot up tenfold, reaching over $50k. That's a simple x10 return on investment right there.

So, considering this reality, Bitcoin seems like the no-brainer choice.

The three Investment Instruments mentioned by the OP are indeed good, but they each have advantages and disadvantages, we agree about them.
With that amount of money, I think it will be difficult to fulfill investment instruments such as land and deposits, because it requires large capital to do so.
I think the problem of many governments still prohibiting it is not a problem, what is important is that the country can still trade it, or that citizens have the right to own bitcoin.

For me, investing in gold is more aimed at maintaining the value of money from inflation.

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To see the best side of some of these investment instruments is subjective and depends on the person's knowledge of the place of investment because it will help him get a profit from the investment he makes.

OP, I don't expect you to use all the money your parents give you to invest, you have to invest in yourself first, such as increasing your knowledge and ability to make your own money, but if you choose to use your pocket money to invest then use it wisely. financial management wisely, for that little money I think it's better for you to collect bitcoins.

Explain them all about Bitcoin. Talk about the benefits of long-term investment in Bitcoin, do not hide anything from them, also talk about the risks of investing in Bitcoin. You are investing with their money, so they have a right to know everything. They certainly don't want to invest their hard-earned money somewhere they don't know anything about. So tell them all about Bitcoin and both the benefits and risks of Bitcoin. If they agree to this then you invest in bitcoins and do nothing against them.

Your question is good, and I can relate to it because there are millions of Bangladeshi lives in Malaysia and other countries and they work there. Most of them send money to their family, and most of them invest in buying land and keep their savings in the bank. Some of them buy gold as well. I can give you some suggestions but it's up to you.

Look, the money is not yours even though you are the one who manages it. Your father earned it and let him decide where to invest. You have a good idea, and tell him about it. Do not invest large amounts in Bitcoin. if you have $10K to invest in something, go for other investments like gold, land and invest a small portion in Bitcoin too. If you have $10K, Do not invest more than $1K in Bitcoin. More precisely, do not invest that much money that you cannot afford to lose.

One that has been around and recognized for thousands of years and one that has only been around for 14 years and is still limited in popularity. So is that comparison fair for bitcoin? Furthermore, low capitalization does not mean that it is inferior to gold, but also shows the great potential of bitcoin and we should not ignore that. But its low capitalization also means it will have greater risk than gold.

There is no benefit in comparing the two, if you are willing to take risks for high returns then choose bitcoin. If you have become too rich and you need a safe and low-volatility asset, gold is the choice.