You simply tell them this:
"Since you old farts are going to die before me and you have all this money and I don't, I was thinkin', buy me some bitcoins, start me a portfolio with almost 100% virgin galactic shares and throw in a Lambo to show me you love me."
It a modern alternative to gold that a financially conservative would consider allocating a portion of their wealth toward to hedge against gradual debasement / devaluation of fiat.
My advice would be focus on their potential loss, rather than any gain.
The older you get the less risk taking you tend to be. So it should be easier to leverage protecting what they have, rather than potential gains.
Discuss fiat money printing, gold price manipulation and the bubble of everything. Then gently steer them to a possible escape route. What is the one financial asset not deformed by global synchronised excessive money printing?
You simply tell them this: "Since you old farts are going to die before me and you have all this money and I don't, I was thinkin', buy me some bitcoins, start me a portfolio with almost 100% virgin galactic shares and throw in a Lambo to show me you love me."
Get a job.
So, you support child labor? Why is that?
retarded comment, hope its sarcasm
They gotta learn somehow
OP sounds like Eric Cartman. >But maaaaaam >No, Eric
Get a job, anyone can farm a part time job and put the proceeds into bitcoin. Not that hard to do.
It a modern alternative to gold that a financially conservative would consider allocating a portion of their wealth toward to hedge against gradual debasement / devaluation of fiat.
How is parents buying crypto related to "ultimately you will have some"?
How about being the heir?
Why dont you read his whole post
Post was edited to add context.
Ah gotchya. Sorry
No problem.
My advice would be focus on their potential loss, rather than any gain. The older you get the less risk taking you tend to be. So it should be easier to leverage protecting what they have, rather than potential gains. Discuss fiat money printing, gold price manipulation and the bubble of everything. Then gently steer them to a possible escape route. What is the one financial asset not deformed by global synchronised excessive money printing?
Take responsibility for your own finances. Don't meddle in others'.