After talking to my dad about bitcoin for a few months, he said that he’s ready to buy a whole coin.
But he still hasn’t read a single book about bitcoin.
Do y’all think it’s a good decision if he buys a whole coin now?
Discussion
I started on The Bitcoin Standard by Dr. Saifedean Ammous after a Mexican billionaire told me to.
Yes!
DCA into that coin so he has a chance to get used to the volatility little by little.
Yeah good point. 👌🏻
Try a few satoshis first. Don’t need to understand fiat to find it useful 🤷
Yes. In my opinion, smash buy it and take proper steps to cold store it - ideally with a time lock while your dad then learns about what he owns.
This period will be looked back at as a complete fluke generational buying opportunity. Best not to waste it.
Yep. I agree. Thanks for the advice! 🤝
Depends on his wealth, but given the ease with which he says it, i would indeed let him buy 1, then the deepening of the subject will come naturally.