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16099467 No.16099467 [Reply] [Original] [archived.moe]

>I've been trying to explain bitcoin to my father since 2011
>made a ton of money off of it
>still unironically believe its the future of money and a technology with importance on the level of waterways, railroads, the internet, electricity, etc with many huge implications for the future of humanity beyond just money
>he still thinks I'm retarded and wont even allow me to explain anything about it to him for more than a few minutes at a time

Does anyone else have this problem? How do you cope?

>> No.16099483

>>16099467
not really he respect crypto since even if i didnt mede it rich yet it gave me financial freedom and he does recognize it

>> No.16099503

henlo frens i am new to crypto trading
which pair is the most profitable to swing?
btc/usdt? or btc/alts?

>> No.16099520

>>16099467
Just stop trying to talk to him about it. It's too high now anyway & he'll just lose his ass if he gets in now, causing him to resent you even more

>> No.16099523

>>16099467
i'm in the same situation (same year even). it's even more "funny" when you work in crypto. you're not going to be able to teach him, just get over it

>> No.16099524

>>16099467
Boomers gonna boom, man. Let it go.

>> No.16099545
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16099545

How do you make money from crypto? Are you a hacker or something anon?
Why aren't you ever at any parties?

>> No.16099572

>>16099467
>wont even allow me to explain anything about it to him for more than a few minutes at a time
#1

(((They))) are printing dollars nonstop, stealing purchasing power from people's savings.

Bitcoin was made to counter this. There can only be 21 million bitcoins, ever.

Gold used to work for that purpose, but (((they))) created paper gold, and started printing those too. Paper gold is supposedly backed by real gold, but there is no way to check.

Bitcoin mitigates this because you don't need to use a broker, you can trade it to other people directly.

#2

Also, it's decentralized. Meaning no one can freeze your accounts or seize your account.

Decentralized means there is no central server the government can subpoena, unlike with PayPal or Visa.

They have to shutdown all computers in the world running Bitcoin to stop it.

...
...there, that should fit in however short of a time he is willing to give you.
That's the entire gist of it.

If you don't wanna look autistic, don't explain more stuff, like private/public keys, mining, proof-of-work, halvings etc.
Nobody cares about that.

>> No.16099581

>>16099467
My dad owns BTC(Owns like 25 still but lost 200+ coins he mined when cryptsy exit scammed), LINK and owns a shit ton of dogecoin. Sounds like your dad is retarded. Though my dad has always been smart, He's worked for at&t for years doing electrical work on fiber.

>> No.16099597

>>16099467
Your attempts at explaining bitcoin to him are futile. A boomer can never understand what he can't give a firm handshake to.

>> No.16099613

>>16099581
>my dads smarter than your dad
Spotted the 12 year old

>> No.16099641

>>16099467
My father invests into shit that would make you vomit.

He also refuses to listen or understand anything Blockchain related.

Back in the days he introduced me and my friends to computers.

Sad to see him so closed minded and out of touch with reality...

>> No.16099669

My father has been 'retired' for 23 years now. He is currently dying of ass cancer. I've been trying to make sense of his very complex finances and as part of that been getting into some VERY SIMPLE shit. Like having a platform, paying fees, buying some traded funds etc.

He literally sees stocks and shares like ... a bit of fun to pass the time and keep you interested in the markets, developing technology, economic opportunities, current affairs and to encourage you to do some research, talk to other people, develop interests and network. I guess in a way it gives us something to talk about as well?

I'm like ... shit no it is about making it. He is like lol not a get rich quick scheme, just some fun to make it worth reading the papers and give you some shit to talk about with taxi drivers, pick up the odd hint, feel good about stuff, lose some, gain some etc. Crypto to him is like ... impressive growth, ridiculous concept which doesn't seem real.

He is most likely right. Crypto looks to me like volatility which means a chance to make money if you are prepared to basically gamble or play very safe positions. Like most gambling if you play for long enough you will probably lose all of it.

What puts me off the most is I can see myself buying and selling and realising a minor profit over time, but in what currency? Like I take my stake and buy a volatile and potentially worthless currency to pair against and trade my target currency and over time with risk I might have the value of my stake + some profit both of which are still held in a volatile and potentially worthless currency? I think if it was directly converted to fiat I'd understand it better because I can understand the purchasing power and historic value of fiat.

>> No.16099673

>>16099467
>How do you cope?
I just don't bother explaining

>> No.16099675

Boomers think everything is stupid and makes no sense until somebody tells them about it through their TV. Then they think they're experts, even though they only heard a half-true five-minute rundown from a journalist rushing through a script.

>> No.16099686

>>16099467
>buy shitton of bitcoin in 2011
>give dad a usb stick with a few btc, tell him they'll go to $2000
>at $200 he gives me the stick and tells me to sell them, he's sick of hearing about it
>give him his money
>bitcoin passes $2000, he tells me he was convinced I was wrong, but here we are
>tell him I never sold his btc
>make him sell at the end of 2017, he keeps one
>he's forever grateful he got to do 3 fucking cruises with mom
>forever the genius in the family

>> No.16099707

>>16099686
you're a good son

>> No.16099723

>>16099467
My dad says "I don't really understand it but it sounds interesting", then I send him articles to help him understand, which he never reads.

>> No.16099739

>>16099686
Nice LARP faggot

>> No.16099749

>>16099723
>>16099467
I think once the mind decides it's a scam it's hard to flip that idea, they hae to admit to themselves they were wrong and they made the wrong decision, cognitive dissonance sets in
>>16099707
thanks

>> No.16099779

>>16099707
He's too good of a son, he rewarded ignorance, who the fuck taught him to do that?

>> No.16099794

>>16099613
>Thinking a twelve your old browses /biz/

My dad IS smarter than your dad. Has worked at AT&T for 25 years and makes 120K a year. He set up miners in 2015 in our garage to mine dogecoin and ETH(Which I helped him with when I was 16).

>> No.16099804

>>16099545
Told some normies about crypto years ago and all of them played it off as a scam because muh gubbermint is against it
this is why an incel like me is rich and in fact happy while you normalfags poorfags have all your parties and dancing and fun and sex and drugs with no context and substance and whatever else that is "fun" that i don't care about

>> No.16099810

>>16099779
boomers aren't hackers or libertarians, he's dependant on the system with his pension and can't fathom why we'd be into something like this
imagine being sour with your dad for the rest of your life over something like money

>> No.16099852
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16099852

>>16099520
I don't want him to put any money into it. He's been involved with computer security his whole life I just think he would find it really interesting if he gave it a chance. Frankly its bizarre he doesn't have any interest.

>>16099572
I got into bitcoin for ideological reasons rather than the technology initially so I've explained this all to him. He sort of shrugs it off.

I've also explained how it uses public key cryptography to him thinking he would find it interesting, as he is very aware of what it is. Still nothing. It's bizarre desu.

>>16099581
>Owns like 25 still but lost 200+ coins he mined when cryptsy exit scammed

Amusing, as I can relate to this quite a lot. My dad worked for at&t, too.

>>16099686
based

>>16099749
he doesn't actually think its a scam, he just doesn't give a fuck

>> No.16099856
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16099856

>>16099675
LOL this describes my dad exactly

talked to him about crypto and even showed him a few grand in cold hard cash i had made selling and he only ever became interested until he heard them talk about it on pbs and npr

>> No.16099889

>>16099852
scam was bad wording on my part, I should have said "not bought in"
It's not hard to grasp, I didn't buy tesla or apple or google or facebook and I never will because I'll forever not bother thinking about it

>> No.16099898
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16099898

>>16099852
>I don't want him to put any money into it. He's been involved with computer security his whole life I just think he would find it really interesting if he gave it a chance. Frankly its bizarre he doesn't have any interest.
Because its outdated software.

>> No.16099916

>>16099467
Your dad is a typical salty nocoiner.

>> No.16099925

>>16099889
I suppose this is possible but hes the kind of person that you would expect to be fanatical about this not only for ideological reasons but for the technology itself. When I first thought of mentioning it to him I imagined he would be mindblown and say it was "elegant as fuck" or something like that. He's a galaxy brained autist that has an extensive computer background, doesn't like banks or government, thinks trains are cool, plays with radios and shit in his spare time, etc. Really just baffles me that he gives ZERO fucks about it.

>> No.16099937
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16099937

>>16099467
show him pic related

>> No.16099939

>>16099503
youre gonna fucked messing around with tether, your gonna get scammed messing with alts. dyor newfag

>> No.16099941
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16099941

Are you an F body? If so, its probably either that your dad doesnt respect you because of your body type or he is utterly ashamed of himself as a father because of the way you turned out or both. Either way you are being oppressed systematically and nothing is your fault. I stand with you in solidarity.

>> No.16099945

Craig is Satoshi, checkem

>> No.16099962

>>16099925
well, try giving him some and force him in
say you made him a wallet and tell him how much is in it
I got to go, good luck

>> No.16099994

>>16099941
>he is utterly ashamed of himself as a father because of the way you turned out
t-thanks

>> No.16100087

That's a fat fuck

>> No.16100136

>>16099467
how is that a problem? LOL

>> No.16100146

>>16099686
>buy in 2011
wanna know how we know you're larping?

>> No.16100219
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16100219

>>16100136
i just want to share my interests with my dad ok

>> No.16100250

>>16099572
>they created paper gold

what stops them from creating paper crypto?

>> No.16100428
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16100428

>>16099994
Unironically, I redpilled my dad on chemtrails. Anything is possible. What you need to do is make big gains on BTC and then he'll start to consider what you're saying as truth.

>> No.16100895

>>16099686
based

>> No.16101031

>>16100250
They created paper gold as an easier way to transfer gold ownership. Crypto is already easy to transfer.

>> No.16101165

>>16099520
exactly this. I advised my dad get into BTC back in January when it was around 5k. If he had listened to me he still would have doubled his money, instead he blames me that he FOMOd in at 15k when he saw it on FOX business news, at the very peak of the last pump.

Don't advise your boomer parents. They will drive you up the wall with their stubbornness and cluelessness.

>> No.16101294

For me, I think we're definitely more secure with a currency that literally tracks everything we buy, forever, being secured by a math formula which stays secure only because we think it would take too long to crack the code.
Nevermind Moore's Law. Nevermind that cracking one of the codes would literally expose the entire history to that point. Nevermind that government's across the globe have literal vested interests in cracking these things, they're probably totally secure.

>> No.16101393

>>16100250
It already exists....

See robinhood crypto
See bitfinex accounting methods
See WBTC

Unregulated capitalisms gonna unregulatedly capitalise

>> No.16101413

>>16099581
My dad works at Nintendo and says that your dad is a retard

>> No.16101426

>>16099804
sweaty...please have sex

>> No.16101442

my dad bought 10k link when i told him to
my brother 5k
my two best friends about 2k each

why wouldn't the people that care about you listen to you?

>> No.16101477

Boomers took about 20 years to start appreciating the internet and lot of them still don't, so there's no great surprise.

>> No.16101486

>>16101294
>For me, I think we're definitely more secure with a currency that literally tracks everything we buy, forever

imagine you're in a country thats run by authoritarian homos that cant stop hyperinflating your currency over and over again

>secured by a math formula which stays secure only because we think it would take too long to crack the code.
Nevermind Moore's Law. Nevermind that cracking one of the codes would literally expose the entire history to that point.

i feel like you're kinda arguing in bad faith here but i agree its at least plausible for bitcoin to be broken so to speak

>Nevermind that government's across the globe have literal vested interests in cracking these things, they're probably totally secure.

true but i doubt they can do it, plus i'd imagine you're assuming all governments will end up on the same side of this fight. what if one government wants to destroy it and another doesn't? i think it will be too difficult for them to manage. i unironically believe the biggest users of monero will end up being governments, for example.

>> No.16101789

>>16099467
yeah and when it goes to a million he'll say you didn't try hard enough to convince him and it's your fault he missed out. fucking boomers

>> No.16101810

>>16099581
wtf man that was over $100,000 when cryptsy exited who keeps that much on there

>> No.16101822

>>16099669
I have a feeling something like this is going to happen to mind he refuses to go to doctors

>> No.16101850

>>16101477
It uderly shocks me there are boomers who still don't have an email or know how to print something, there's no helping people that stubbornly retarded

>> No.16101984

>>16100219
wow. Sam's chicken legs look like THAT?

>>
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