Hello colleagues,

I share the criticisms of this post on the length and depth as disadvantages to bring our parents and friends closer to all that Bitcoin entails.

I think the title of the post also does not live up to the message that is really being elaborated. Rather than trying to convince your parents to buy Bitcoin, it is a guide, quite decent, by the way, on how some basic aspects of this protocol work as well as to answer the most typical questions that may arise to anyone approaching Bitcoin.

In short, on the one hand I congratulate the colleague for his effort to summarise and compile some of the most central issues of the protocol; and on the other hand I encourage him to find other more didactic and attractive methods that help us to bring down to earth difficult concepts and close the huge knowledge gap that separates this technology from the vast majority and prevents its democratisation.



To say goodbye to my first intervention in this forum, a personal anecdote about my attempt to explain Bitcoin to my parents:

On a trip on the way to spend a few days at the beach, and sharing several hours with them in the car, I decided to raise the discussion about whether or not Bitcoin is something valuable and interesting. On those terms I raised it and half jokingly, half seriously, I put them on notice that we would be listening to a podcast about Bitcoin for them to judge whether they found it interesting. The podcast was quite didactic, in the form of an interview and, although long (two hours), quite entertaining (they manage to listen around a half of it, with good interest and asking questions).

To my surprise, they were both curious to listen to the content of the podcast. My parents are elderly .... so I was even more surprised by the pertinent questions they were asking and, for my part, I stopped the podcast where I felt it was necessary to clarify. They were sceptical but curious. And, although they didn't end up buying Bitcoin (as far as I know  ) I think that at least I have made them sceptical about the official versions of (it's a scam, it has no value, it's smoke, it pollutes, etc.). And that alone, without trying to sell them anything, or convince them of anything (just inform and clarify to the best of my knowledge) gives me a lot of satisfaction.

I think this attitude is healthier for everyone in the way of living and sharing our experience in ‘the rabbit hole’ than the cryptobro evangelist mode.

Greetings to all.




Crypto Libertas
Crypto_libertas24@proton.me

It's tough to teach or encourage parents to buy and save Bitcoin because they often feel hesitant and concerned about the huge price swings. They're more comfortable with traditional methods like saving in a bank or buying gold since those are proven to be safe and stable. Plus, a lot of them don't really understand the technology and the concept of cryptocurrency, making it hard for them to grasp the benefits and long-term potential of this kind of investment.

Many parents also think Bitcoin is just a temporary trend or even a scam, so they're reluctant to give it a try. The growing negative news about cryptocurrency in the media adds to their uncertainty.

However, if they could see how quickly the financial world is changing and how important it is to adapt to the times, they might be more open to trying new methods, including saving in Bitcoin. Of course, it takes a patient and educational approach to help them understand the advantages and the risks that come with it.

If they are not interested in it in the first place, then there is no need to force them to invest in bitcoin, let alone to the point of making them sell their assets and promise high profits from it. Because investing in bitcoin has risks and you don't know when the market will be bearish, it could be that after you buy bitcoin for them suddenly the value of your assets drops, then the one who will be blamed is you who told them how to invest in bitcoin.

Give them basic knowledge about bitcoin, the risks when they invest in it, and tips for minimizing losses, if they are sure then you have succeeded in convincing them to invest in bitcoin. However, if from the start they are doubtful and unsure, there is no need to force them, because in the end, when the investment does not go according to their expectations, you will bear the risk.

That exactly is one of the main reasons why most parents are not involved in Bitcoin, they're not used to modern technologies, especially those in the third world countries that are born in the 50's and 60's most were from poor families that couldn't afford quality education and managed to achieve wealth through farming, trading of farm crops at large. I think it won't be very easy to convince such people about Bitcoin cause all their life they've been used to fiat most of them even can't even operate smart phones not to talk of understanding the Bitcoin blockchain technology, so the simplest way I could think of convincing such people is by your success in Bitcoin and when they're convinced enough they could be willing to learn or even give you funds as their child to invest for them using Bitcoin. Also, using plastic cards with Bitcoin, like the (ATM card) for the future is a very good idea, I have an uncle who fall under the category of not being able to operate smart phones or desktop but can make use of his ATM card perfectly, so such idea would further make him consider Bitcoin.

My parents are octogenarians.  While mom is extremely computer literate, she is so financially conservative that she considers S&P 500 Index Funds too risky.
She is willing to invest, but only when the funds in her savings account exceed six figures. Bitcoin is out of the question.  😂🤣😅

On the time or moment that you do want to make your Dad and Mom would be able to know about Bitcoin then it wont really be needing up to go on explain everything. Even a single sentence which is written into its while paper would suffice or something that it is really enough for them to understand on what it is.It would really be just that too impossible that they wont really be able to get on what you are trying out to explain.
It will really be just that totally depending on what kind of parents you do really have because there are ones who do really listen out into their children on whatever concern that they do have, but we do know that there are such parents who doesnt really care nor loves to listen on what their kids would be saying. So it would really be something that will really be situational. This is why it would really be that important that you should
really be conscise and precise on what are the things that you would really be tending to explain into your parents. Sooner or later they might really be that get hooked up and might be interested in the end.

Your mom and dad need to relax and retire, you're a grown ass man and need to be buying Bitcoin FOR them.

Give them one of those easy watch wallets, even an app or something. Send them BTC every so soon, let them open the app and see how much it grows. They want more? Send you money, get them the coins safely. They want to learn more about how to do it themselves? You now have an eager Bitcoin user. Might take 4 years, might take longer. But there's my answer for you. You're welcome.

I understand that I described my thought a little confusingly.
I mean that the interface for using cryptocurrencies is difficult for people of advanced age.
We need solutions without wallets on the phone and without addresses, I understand that this sounds strange, but in order for older people to start using cryptocurrencies, their transfer and storage must be simplified so that everything is as simple as it is now with the use of plastic cards.

Whatever the reason or even if our parents are computer literate, introducing bitcoin to them is not a good idea. Our parents are both old and won't even have much time left with us, so what's the benefit of teaching them about bitcoin? I think we should stop trying to teach our parents about bitcoin, especially encouraging them to invest in it. That won't bring them any benefit and will even make them age faster if they can't withstand bitcoin's volatility.

If we really want to be good for our parents, we should take care of them and support them with the money we earn. I don't know what your parents need, but what my parents need is to rest, have fun with their children and grandchildren every day, and no longer need too much money at their age. So see what they want and give it to them instead of forcing something they don't like.