My 60 Years Old Father Seems To Be Having Kind of a Healthy Crypto Mentality

almost 3 years ago

I haven't managed so far to make any of my close friends join Hive, looks like I'm not that persuasive in that regard but I did made my father buy two Litecoin a few good months ago. He's a HODLer of two damn Litecoin...

LTC was my first coin and so was his. His bags, as small as they are, are actually a bit underwater lately as he has purchased his first crypto at $225 per coin and now that's worth around $150. I have actually purchased it for him and still holding it in my wallet, but it's his shitcoin after all.

Over time he hasn't asked much about it, because he has definitely invested what he can afford to loose without getting stressed about that. That's a good thing. I wasn't in that position when I first got into crypto. He also doesn't live off of crypto, thus not much hustle in that regard.

They came from Austria yesterday, for a small vacation in Romania and after catching up for a bit I told him that his bags are a bit underwater and that if he plans on selling I will refund him the loss as I have been the crypto advocate of the family.

He said no, he's not selling shit and he's got a good reasoning for that. He told me that after all the talks I had with him, after all the shit we've endured with corona and seeing how crooked governments have proved to be and how fragile the current monetary system is, having a few bucks invested in something that's called risky assets but might turn into the currencies of the future might be a good idea.

He's not much into tech, he owns a laptop and a smartphone, but not tech savy at all. Another reason that got him a bit of confidence with crypto is my experience with Hive. I have shared with him that for a few months I was able to live entirely off of my activity as a crypto content creator and he's saying that if this thing really works it must be something good about it.

If so many people around the world are forming such a digital economy, one that is a bit hard to grasp for him, this bunch of people actually fighting against the draconian elites and marching towards an era of abundance carrying the Bitoin flag, then there must be something to it.

The idea is that so many noobs, more tech savy than my father is, have sold and continue to panic selling and my 60 years old father is not, that saying a lot about the crypto markets participants. Most of them are in for a quick buck, are actually buying lottery tickets and seem to be loosing more than they're actually earning.

It's sad seeing that whales and institutions are collecting cheap bitcoins from noobs, but they have to learn somehow. You either do that by doing your own due diligence or through pain, stress and wasted funds. Long term my take is that the ones able to see the disruption of such tech will have better ROIs and satisfaction.

Now that I know my father is a HODLer I will make him have a Binance account and a VISA crypto card, maybe at some point he will be buying more and even use it for every day spending. Who knows... Hope you're having a fantastic Sunday and see you to the next one.

Thanks for attention,
Adrian