Altcoin is good. It’s hard to persuade parents to invest in it.

Alanaz

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Quote from: Azar138 on December 03, 2021, 10:37:17 PM

Quote from: LittlePrinceCat on April 27, 2021, 11:56:42 AM

It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?

Absolutely! My relatives don't believe either in crypto nor in any types of investments.Even conservative bonds or stocks of big and fundamental companies seem to them to be scams. They have worker mindset that means that they think that it is possible to earn money only when you work hard. Actually, I lost any hope to explain them how to have passive income and bring them over.

I think the problem is only time.
For now, it is very natural that there are still many people who are not convinced and do not believe in crypto because indeed regulations and the role of the government are still very passive in terms of crypto, so they still do not fully believe in this.
But over time I think your brother will see how important this is especially when government regulations on crypto are clear then everything will get better

carrigan

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It's true what you say, it happens often. This may be because parents are less open-minded to Bitoin and existing technological developments. Especially with Bitcoin which is known to be volatile and has a high risk, but I think all investments are also risky. In fact, if they can think more openly about Bitcoin this can be very profitable for them.Slowly maybe they can accept it over time.

Kitaiev

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My parents only know about cryptocurrencies because of television and as you understand they don't consider this a good solution because they don't want to use these technologies.
Personally I don't try to impose cryptocurrency on them because lately I have little free time.

Azar138

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Quote from: LittlePrinceCat on April 27, 2021, 11:56:42 AM

It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?

Absolutely! My relatives don't believe either in crypto nor in any types of investments.Even conservative bonds or stocks of big and fundamental companies seem to them to be scams. They have worker mindset that means that they think that it is possible to earn money only when you work hard. Actually, I lost any hope to explain them how to have passive income and bring them over.

Lantind

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DeFi lending platforms are popular because they are useful. The price of DeFi tokens grow because there is a big demand in them and many people use DeFi platforms for loans or to earn money on providing liquidity.

But over time it will become a very common thing among cryptocurrencies especially if there are a few shortcomings that will be found in DeFi, because every thing that has many advantages, of course there are one or two drawbacks in it.

JackieAinsley

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A lot depends on demand in crypto. Now, the crisis raises and there is a big demand for lending platforms. Lending platforms are popular now and some people earn money on providing liquidity for lending platforms. New lending platforms appear now like this https://twitter.com/agiledefi/status/1451462447869710340

For lending platforms, liquidity is very important. To increase liquidity promotion is necessary.
Now there is a big demand in lending platforms and the price of their tokens continue to grow.

A lot of people take loans. Also, a lot of people earn money on providing liquidity. That is why lending platforms are so popular.

blockman

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Quote from: Iminingpro on November 25, 2021, 04:09:03 PM

It is very important to have a project with big liquidity pools to provide enough liquidity for functining of the project and its good work.

Well, it's not only about the liquidity pools and their volume but as well as the use case and function of the project itself. These markets are provided by these pools for them as a start.
But if there's no control to the project and they're not doing good and only depends to the liquidity pools that only makes them reliant to that market but with their own use case, they can't function well.

Iminingpro

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Quote from: Dragonbite on November 24, 2021, 01:49:07 PM

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A lot depends on demand in crypto. Now, the crisis raises and there is a big demand for lending platforms. Lending platforms are popular now and some people earn money on providing liquidity for lending platforms. New lending platforms appear now like this https://twitter.com/agiledefi/status/1451462447869710340

To increase liquidity some DeFi platforms offer several liquidity pools that users will have better condition and will be able to choose what conditions are better.

It is very important to have a project with big liquidity pools to provide enough liquidity for functining of the project and its good work.

LUCKMCFLY

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Quote from: Stedsm on November 20, 2021, 11:46:54 AM

I believe that with enough crypto adoption from many countries these days, convincing our parents to invest in crypto shouldn't be a problem. The problem is that, we try to make them understand almost every single aspect like Blockchain, DeFi, Staking, Farming, Launchpool, Metaverse (now), etc., but the real fact is that, they are interested only in making money. So why not show them some results after investing very small amounts by yourself and tell them that if they'd have invested in the same tokens you did, wouldn't they make the same or even better profits based on their investment amounts?

I think that it is much easier to convince parents when they have a high financial education culture, and for those who do not, it is better before speaking to recommend or give them a book that educates them, on how the financial markets move, the effect whales have, or how a certain speculator or investor faces the market according to their criteria based on a difficult scenario, or if you have enough patience to explain that to them and then explain how the BTC economy moves, which has an ingredient difficult to handle as is volatility. And maybe the voltility is what makes many not like it, it is normal.

Dragonbite

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Quote from: altixz on November 23, 2021, 04:13:29 PM

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A lot depends on demand in crypto. Now, the crisis raises and there is a big demand for lending platforms. Lending platforms are popular now and some people earn money on providing liquidity for lending platforms. New lending platforms appear now like this https://twitter.com/agiledefi/status/1451462447869710340

Liquidity is very important for every project. It must be simple to buy and sell tokens of the project.
That is why it is very important to add new listing and new exchanges to increase the liquidity of the coin.

To increase liquidity some DeFi platforms offer several liquidity pools that users will have better condition and will be able to choose what conditions are better.

cloudfir3e

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persuading people to invest in crypto is not an easy thing. because i've never felt like you did at that time.
but my advice, don't force someone to invest in crypto. because if those you force to invest in crypto do it with the thought of just wanting to get rich without thinking about risk, that would be very bad.
considering that understanding investing in crypto is not easy and takes a long time to avoid losses.
but i have a suggestion for you, i've done this and it worked. you just keep telling your father about the benefits of investing in crypto and the risks. after that, if you get a profit from your investment, you need to show it to your father so that the desire to invest appears in your father's mind.

altixz

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A lot depends on demand in crypto. Now, the crisis raises and there is a big demand for lending platforms. Lending platforms are popular now and some people earn money on providing liquidity for lending platforms. New lending platforms appear now like this https://twitter.com/agiledefi/status/1451462447869710340

Now many people pay attention to the liquidity of cryptocurrency assets.
Liquidity means stability and that the asset is in demand. That is why liquidity is very important.

Liquidity is very important for every project. It must be simple to buy and sell tokens of the project.
That is why it is very important to add new listing and new exchanges to increase the liquidity of the coin.

Marykeller

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In my country, It's never an easy one to persuade our parents to invest in crypto cos they never believe or have a fate in it ever since the government placed a ban on it. To them, digital currency is a scam and they can't afford to lose their money by investing.
Up to date, most of our parents find it hard to get themselves acquainted with the digital era. Talk more of when you persuade them to invest in what they don't understand easily. They prefer the analogue era of investing in what they can see or feel the impact immediately

Dannaey

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Quote from: LittlePrinceCat on April 27, 2021, 11:56:42 AM

Crypto is not popular in my homeland. People in my homeland love to invest stocks and bonds. And real estate is the most popular investment. Only few people invest in crypto. My dad loves to invest in stocks but he seldom has a positive net income from the stock market. It’s the fact that crypto is a better tool to earn money, especially for the Altcoin. Then., I try to persuade my dad to invest in Eth and BNB. They’re worth to invest. Take myself as a good example, I spent the weekly pocket money on my first Eth two years ago and earn more than 10X of money. It seems that Eth is still going up in the future. It’s a good investment during this economic recession period. I tried my very best to persuade my dad to buy Altcoin like Eth and BNB but he thought that crypto was very risky and unreliable at all. Investing in crypto is the best way to earn money in this economic recession. It means that my family loses the chance to become rich since my dad does not invest in crypto.
It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?

We are both in the same situation. Though here in our country, people now are recognizing cryptocurrency. Yet they are very eager and aggressive to learn and invest. Though my family are not yet convinced and they thought it was all scam because they think it is too good to be true. During desperate times, because of this pandemic, our family struggles in our everyday living. And the only thing that I think that will help us to earn big is to invest in crypto. But they are very hesitant. Anyway, it's their money, their life.

SDKmaster

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Quote from: JackieAinsley on November 20, 2021, 11:34:20 AM

Quote from: ?? on ??

A lot depends on demand in crypto. Now, the crisis raises and there is a big demand for lending platforms. Lending platforms are popular now and some people earn money on providing liquidity for lending platforms. New lending platforms appear now like this https://twitter.com/agiledefi/status/1451462447869710340

For DeFi platforms liquidity is important. More liquidity, the more liquidity pools the better conditions for users, more users.
That is why it is very important to pay attention to liquidity.

Without liquidity, it is impossible to survive. Now the competition between liquidity pools is so big that is why users have a big choice of different liquidity pools to find better conditions for themselfs.

Stedsm

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I believe that with enough crypto adoption from many countries these days, convincing our parents to invest in crypto shouldn't be a problem. The problem is that, we try to make them understand almost every single aspect like Blockchain, DeFi, Staking, Farming, Launchpool, Metaverse (now), etc., but the real fact is that, they are interested only in making money. So why not show them some results after investing very small amounts by yourself and tell them that if they'd have invested in the same tokens you did, wouldn't they make the same or even better profits based on their investment amounts?

JackieAinsley

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Quote from: ?? on ??

A lot depends on demand in crypto. Now, the crisis raises and there is a big demand for lending platforms. Lending platforms are popular now and some people earn money on providing liquidity for lending platforms. New lending platforms appear now like this https://twitter.com/agiledefi/status/1451462447869710340

Now a lot of useful products on blockchain appear. DeFi platforms are popular because they make financial services available to all the people in the world. Thanks lending DeFi everybody can borrow assets.

For DeFi platforms liquidity is important. More liquidity, the more liquidity pools the better conditions for users, more users.
That is why it is very important to pay attention to liquidity.

Lantind

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Quote from: Jaered on November 17, 2021, 04:33:18 PM

Well, it all boils down to the knowledge and exposure we gain. Some senior members of our society may even know crypto more than the younger population. So dont give up on them yet, mate

Cryptocurrency is always more helpful to everyone who knows how to use it, because in it there is a lot of knowledge and unlimited income even though the risks also often go in the direction of the profits.

UDONNA

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Quote from: LittlePrinceCat on April 27, 2021, 11:56:42 AM

Crypto is not popular in my homeland. People in my homeland love to invest stocks and bonds. And real estate is the most popular investment. Only few people invest in crypto. My dad loves to invest in stocks but he seldom has a positive net income from the stock market. It’s the fact that crypto is a better tool to earn money, especially for the Altcoin. Then., I try to persuade my dad to invest in Eth and BNB. They’re worth to invest. Take myself as a good example, I spent the weekly pocket money on my first Eth two years ago and earn more than 10X of money. It seems that Eth is still going up in the future. It’s a good investment during this economic recession period. I tried my very best to persuade my dad to buy Altcoin like Eth and BNB but he thought that crypto was very risky and unreliable at all. Investing in crypto is the best way to earn money in this economic recession. It means that my family loses the chance to become rich since my dad does not invest in crypto.
It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?

Let the older generation invest in those traditional financial instruments that are more understandable to them, and you will invest in new crypto technologies that are more attractive to you. Thus, within your family, a certain balance of risks will be achieved.

Jaered

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Well, it all boils down to the knowledge and exposure we gain. Some senior members of our society may even know crypto more than the younger population. So dont give up on them yet, mate

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