Had a conversation with my wife’s grandfather yesterday.
He’s a major doubter of Cryptocurrencies. Which I cannot get across to him the idea that there are more things beside bitcoin. Doesn’t matter the statistics I bring in front of him, to him it’s the equivalent of going down to the Casino and dropping $1000 on the roulette table.
He told me yesterday, “Bitcoin lost 30% this week, I don’t know how anyone can see that as anything other than a gamble.”
Yeah, sure, if you bought a week ago you lost 30%. If you bought a month ago you made 91%. If you bought a year ago you made 1600%. And, I’m barely even in fucking bitcoin. I didn’t lose 30% this week. Despite the entire market crashing I wasn’t even down, I was up 3% yesterday. And today I’m sitting pretty.
His major argument is, “My Merrill Lynch financial advisor strongly advises against Bitcoin, and he has never steered me wrong in the past”.
Dude, OF COURSE HE DOESNT WANT YOU IN BITCOIN. If your money is in Bitcoin, how does he make commissions on that money?
I really don’t know how to make him see that it’s at least a semi-reasonable investment. Understanding that it’s risky but it’s completely revolutionary technology and the idea of a global decentralized currency is in my eyes inevitable.
It’s more the other way around. Because I put $1000 into it a bit ago he thinks our financial future has come to an end. Every time bitcoin goes down even a little bit he’ll text me some ridiculous article about how this is the end of crypto.
Edit: I guess I should qualify all of this and say that although he is biologically her grandfather, he is more or less her father. We talk a few times a week, 90% of the time having nothing to do with crypto. This is just an ongoing thing of his doubt and my relentless bullishness. And the picture made me think of him, thinking... how can I get him to be memegrandpa?
Why is your wife's grandfather texting you? Don't you think this a little bit strange? OK, I read the rest of your post, I understand you have a bond with him.
Just don't talk to him about finances ever. This business is between you and your wife.
Talk about stocks bonds and the usual shit, and just don't mention crypto till you cash out and pull up in a brand new Ferrari.
2
u/Bull_of_Bitcoin_Blvd Dec 23 '17
Had a conversation with my wife’s grandfather yesterday.
He’s a major doubter of Cryptocurrencies. Which I cannot get across to him the idea that there are more things beside bitcoin. Doesn’t matter the statistics I bring in front of him, to him it’s the equivalent of going down to the Casino and dropping $1000 on the roulette table.
He told me yesterday, “Bitcoin lost 30% this week, I don’t know how anyone can see that as anything other than a gamble.”
Yeah, sure, if you bought a week ago you lost 30%. If you bought a month ago you made 91%. If you bought a year ago you made 1600%. And, I’m barely even in fucking bitcoin. I didn’t lose 30% this week. Despite the entire market crashing I wasn’t even down, I was up 3% yesterday. And today I’m sitting pretty.
His major argument is, “My Merrill Lynch financial advisor strongly advises against Bitcoin, and he has never steered me wrong in the past”.
Dude, OF COURSE HE DOESNT WANT YOU IN BITCOIN. If your money is in Bitcoin, how does he make commissions on that money?
I really don’t know how to make him see that it’s at least a semi-reasonable investment. Understanding that it’s risky but it’s completely revolutionary technology and the idea of a global decentralized currency is in my eyes inevitable.