/biz/ - Business & Finance

>>17334520
mom: doesnt understand it, but is happy that im making money (she gave me $1000 to invest for her and i put it all into LINK at 20c, she hasn't sold yet)
dad: thinks its all a scam, tells me every time i see him to sell and invest in stocks instead

>>17334520
that it's scam that I made money on

>>17334520
BSV is bitcoin

My dad has a basic understanding of blockchain, but he thinks bitcoin is a clandestine scam to transfer money to the (((US Government))) from domestic and foreign people

My family doesn’t know I have money in crypto. Probably gonna stay that way

It's not real and it could drop to 0 at any time

My dad jokingly refers to everything I suggest as a means of making money as a "get rich quick scheme".

Meanwhile he's in almost 100K debt at 55 and I'm up 400% this year. I have no idea what the fuck is going on anymore. By the grace of god I somehow managed to convince him to buy 300 Link though

How do you explain the concept of crypto to someone who doesn't have a single clue on what it is?

>>17334520
What does you are family? My family isn't pajeets

>>17334520
my bf is super salty that he missed buying btc when it was like $20 so he thinks it is stupid.

>>17334520
Dad:
>It's a pyramid scheme. I've seen many like that.
Mom:
>I don't know what it is, but it looks dangerous.
Sister:
>I bought 1 Bitcoin and I expect to be a millionaire in 10 years
Brother:
>I have an MBA and I only invest in serious companies... Who is Bitcoin's CEO?

>>17334520
They think all forms of investment are scams and see any people who invest their money as participants in higher-brow credit card debt.
t. chicano

>>17334975
Post feet slag

I explained everything to my dad and he understood it in 2016, but since then he's been very cautious of it for some reason. He says stuff like "they'll never let it succeed, eventually they will stop it"

My dad hates it, he’s a financial advisor and says the returns on proper stock market investing are better long term. I’m about to graduate and he wants me to open an account with him so he can manage my investments and max out my 401k and all that because I have a nice job lined up but little does he now I’m going all in BTC, ETH, and LINK and living off only 20k a year.

>>17335020
>He says stuff like "they'll never let it succeed, eventually they will stop it"
He's right, which is why you have to sell it at some point. The question is when. I knew about Bitcoin in 2012 but didn't invest because I thought it wouldn't last more than a year.

>>17334975
Fag

>>17334520
scam

>>17334973
>my family isn't pajeets
exposing yourself in one setence
pic related you

>>17335018
post cock and balls faggot

>>17334520
they know i have more net worth than they do because of it, yet still refuse to learn about it let alone invest

i got my brother to acquire 1 BTC under 10k and told him i have him insured until late 2021, where i will personally pay him 20k, or he keeps his profits from BTC appreciation, whichever is higher

i offered the same deal to my parents who are sitting on cash but they begin to seethe when i talk about bitcoin in general, kek

>>17334520
They don't really understand it. Tried to explain it to them as digital gold. Dad gets it a bit, mom not really. They also had money in the stock market but never made large trades.

I'm all in, my brother is all in. my friends are all fence sitters. i don't talk btc with anyone else in my family.

>>17336200
>I see you are new here, sir

>>17334520
scam, ponzi scheme

>>17334520
>son I heard about your bitcons not doing so hot on Facebook, you ok there?

>>17334520
My aunt was the only one who actually listened to me when I told her to buy it back when it was around $200. I cut her a check for $50k in 2017 so shes pretty happy with me.

>>17334520
My mom has probably never heard of it. My dad unironically told me about bitcoin in 2015, and told me that it's going to blow up soon. I was only 15 at the time and my dad's a pot smoking conspiracy nut 50 yo boomer so I didn't take it too seriously. Boy was I wrong.

>>17334969
boomers are retarded anon. The only reason they became home owners with children is because the US dollar hadn't crashed and the immigrants hadn't ruined the US's integrity yet. They got to enjoy the "gold rush" of immigration and now their children have to deal with the "ghost towns" that unchecked kike approved immigration creates.