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My mom sold all her Bitcoin

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I(27M) got my mother(65F) into Bitcoin in Q3 of 2020. After some time in crypto, and esp the covid dip I figured it was time to share Bitcoin with my very traditional and financially conservative, immigrant parents.

I set up my mother up with the BTC in cashapp( I started her off really simplistic to avoid mishaps and confusion) and I shared the gameplan with my her it was simple. We were going to buy and hold with an emphasis on DCA. In times of price horizontal development (like what we’ve been seeing for the past 2 months) we would be aggressive with with out DCA-ing.

Frankly, my dad(57M)has never understood nor has ever cared to understand the world of finance and investing. He was always in her ear with negative comments and opinions. We had an opportunity to have a big win out of the 2008 housing crisis and he shot that plan down too.

My mom is enjoying retirement while my dad has served his time in the union and keeps pushing retirement back because all he knows is work. They have money in the bank so any money btc was making could have simply just stayed there til we felt it was time to lock in some gains.

This past Saturday(7/24) all the comments and nagging had pushed my mom over the edge. In order to get him to finally shut up, she sold all the BTC he had accumulated this past year. I don’t think she will ever get back into the Bitcoin.

She called me this morning raving about btc hitting 40k off the amazing catalyst and how she’s shouldn’t have listened to my dad. I was frustrated all weekend after she told me what she had done and honestly didn’t want to talk to her about Bitcoin anymore.

I feel frustrated. Not really sure how I should feel to be honest. A bit fed up with my dad and his outdated perspectives.

Anyone else experience this? Do I just let it be and keep focused on my journey?

submitted by /u/Sergio93til
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