My grandfather turned out to be a natural crypto trader.

This is a long post, I felt the urge to write the story because I miss my grandfather as we live atleast 10 states apart.

&

So my dad and I recently gave my grandfather the run down about crypto, probably about 4 months ago. I've been in the market for two and a half years myself and have some realized some sizeable gains, and was primarily sharing with my grandfather the good news. I've refrained from talking about my investments these past couple years so it really was news to him.

I was surprised of his intial curiosity and interest. So I eventually had several discussions with him detailing the history and development of blockchain tech (starting with the origins of bitcoin of course)

At a certain point I realized he really wanted to understand so out of respect, I tried not glaze over too much while keeping the conversation as accessible as possible explaining concepts such as consensus algorithms, defi, or nft's.

Now for some context, my grandfather is closer to 80 yrs old. He was born in a village, and didn't receive anything beyond a 4th grade education and to this day he speaks broken English (which is an added complication in conversing with him) He made a humble yet successful life for himself working hard, immigrating to America, opening small business;

But most importantly what put him ahead is a frugal mindset. Saving money is a personality trait. Living below his means was definitive of his character. I mean really, my family calculates their meals down to the penny. My father gets excited over saving 10 cents with a coupon as if its a hobby.

Its village mentality to its core. I've learned to apreciate it though it has its disadvantages, namely being that we inadvertently live for money. My family perceives the world in terms of money. A way of life born out of necessity from lack of resources.

Unbeknownst to himself, my grandfather is extremely perceptive to the mechanisms of markets. Frugality gave him a knack of understanding supply and demand. And eventually expanded his knowledge base as he became a business owner, perfecting his ability to make calculations of profit margins and understanding of things like average support levels.

( he owned a gas station in the 80's, respectively the market of gas is something a business owner would keep up with on a day to day basis)

Back to the present, after he gained some confidence from talking to him of the course over the next week: we started him off with an intial investment of a 60/40 BTC/ETH postion -with very modest exposure... I myself am an ETH maximalist and have explained to him my views on that, but we concluded the security of bitcoin is what's best for him to start off.

Without having to tell him, he naturally DCA's. He buys the dips! ( I'm so damn proud.) As he expands his portfolio usually his timing is impeccable. He bought into ADA and MATIC at beautiful prices just before their bull runs after having observed price behaviours for a couple weeks. (Respectively i think it was sub 1$ for ADA, and sub 0.70$ for MATIC.) Of course half of it is luck but I mean he seriously considered what he thought were consolidation phases to determine his entry point. When at the same time I didn't have the confidence to take the postions. Conversely, I had been dragging my feet to make my enterance after watching ADA rally since janurary so perhaps I had a bias of doubt for the upside.

Anyways, he's seen his first major correction by now and he's mostly unphased except for being upset he hasn't bought more ETH below 2k. One of the first things I told him about all of this was warning him of the volatility, but making sure to point out that high risk is what yields the high reward. He internalized it and repeated to me recently... "Well, this is what you said would happen!" So he maintains calmness while I silently shit myself seeing ETH dip to 1700.

Needles to say admire his conviction. Though, being brave can of course can harm you in these markets and by no means am I trying to advertise a certain character. But as it has turned out, he has had great success in remaining confident in the fundamentals.

I'll leave you with a phrase he says often (using English phonetics)

"Tu nusu tetrakossa."

-your mind is on 400%

Which more or less means to stay sharp, and to advert the bullshit of life. Or in our case, stick to the fundamentals and don't let the FUD get underneath your skin.

&

TDLR; grandpa is more a badass than I'll ever be from buying dips and shit- all while maintaining confidence in fundamentals.