If you want to invite your parents to invest in the crypto world, that's actually a good thing, because it can help make crypto an alternative to asset diversification, but before investing, you have to make sure your parents really understand crypto, and explain that too. Crypto risk is different from other investment risks, because crypto risk is bigger but the profit is also bigger
What must be discussed first is an understanding of crypto that must be explained to our respective parents, no matter whether it is good or not, because every investment with a long-term goal in terms of making a profit, it's all good to work on, but if people don't understand about it, then he could only remain silent without being able to do anything. 
Topic: Altcoin is good. It’s hard to persuade parents to invest in it. - page 12. (Read 3702 times)
In fact, the right knowledge cannot eliminate the antiquity and classical thoughts of the previous generation, people believe more in a business investment, a stable job, what is not seen with normal eyes is a difficult thing for them, especially with new technologies, parents' ability to absorb is really low. Leading the generations ahead will have huge disagreements about opinions, we should control these to avoid major complaints and stumbling in views of life, knowledge expansion is no longer necessary here, maintaining perspectives and proving success will be more important
Simply people who are older than us are believe in hard works, what i mean with hard work is a work related with physical activity, working with the use of strength and mind, typical going to an office rendering an hour job per day to be able to accumulate a certain amount to invest in real properties, stocks or putting up a business or putting in an invest where they can check upon to see the progress.
They can be persuade to invest but believe me you would try your best to make them understand why they would invest in crypto.
Altcoins are good only if you choose the one to invest into wisely. Because there are so many scam projects available in the market which I don't even know the number. I think the best thing to do is going for altcoins like BNB, ETH etc. .
Yes, but I think this kind of thing also doesn't need to be explained repeatedly because many have said it in the past and even in the days before BNB became the trend it is today, now on this topic everyone is discussing and discussing about advising investments to our respective families, which we certainly know which tokens are good to invest in. I believe that, because I have also invited my friends to invest in crypto currencies, they used to think with limited reason that investing in the crypto world would not last long and were hesitant because in the past there was a lot of misinformation that was always directed at crypto currencies. and now they are more and more convinced and have started to like cryptocurrencies.
Yes, the best way to invite family, relatives, colleagues or even investors is to prove to them what we have produced in cryptocurrency. And of course we also have to use the role of big figures who have plunged into cryptocurrency to convince them. If indeed they are still not sure, I think our role is enough to get there and it is enough to continue what we have started in cryptocurrency 
I think cryptocurrency is still not that popular around the world, maybe the only 30% know about bitcoin and cryptocurrencies , also parents like sticking to what they know and they are old fashioned, it's just like how Peter schiff prefers investing in gold over bitcoin, parents like stocks and gold etc and all those are old fashion investments, It will be better if you just educate them about cryptocurrency so they can have an idea and invest in it.
Altcoins are good only if you choose the one to invest into wisely. Because there are so many scam projects available in the market which I don't even know the number. I think the best thing to do is going for altcoins like BNB, ETH etc. .
In fact, it is very difficult to explain it to our parents who have no knowledge of crypto. My parents at first did not believe that money could be made from cryptocurrency. Then when I cash out some money and showed them hard money, they believed. For this they have to give proper knowledge first.
the answer is simple, they have never known this before, so they become hesitant and afraid to learn about cryptocurrency. however, most parents will be very wary of the types of investments we offer, as they also have their own perceptions of investing and fraud. however, it all depends on how you can convince them to learn about this.
I once asked my parents to invest 1.4 Eth, but at that time Eth's price fell down to its lowest point. my parents were not strong enough to hold it so they decided to sell it so we incurred a sizable loss of 50%. If we are still maintaining the ETH, maybe we can get a 500% profit.
When investing, we really have to need a good analysis in determining the right time to buy and sell so that we don't lose.
When investing, we really have to need a good analysis in determining the right time to buy and sell so that we don't lose.
I believe that, because I have also invited my friends to invest in crypto currencies, they used to think with limited reason that investing in the crypto world would not last long and were hesitant because in the past there was a lot of misinformation that was always directed at crypto currencies. and now they are more and more convinced and have started to like cryptocurrencies.
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?
It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
Good for you that you have a good experienced here in crypto space mate, because majority of the community who came up here didn't encounter like what you started here, the majority of the parents nowadays will not get easily understand what you are doing here in cryptocurrency field of business, because they are lack of knowledge about it. And I am pretty sure your not the only person encountered that anyway, because just like My family and relatives saw how I earned in Bitcoin and cryptocurrency and yet they do not believe and convince about this matter that is because " MANY ARE CALLED BUT FEW ARE CHOSEN " hope you get what I'm trying to pointing out to you.
Cryto is one of the best and most profitable investment one can ever made especially by purchasing altcoins at lower price , holding and then selling when prices are high but it is true elderly find it hard to invest in it . Almost all the people doing crytocurrency in my area are youths, the older one's don't like it that much.There is no way my parents will purchase crytocurrency only my younger siblings will do that.
Everyone has their own sense of courage in investing, whether in crypto or stocks. Sometimes your parents don't know how to trade in the crypto world, but you have to convince your parents to take part in it.
Everyone is the same way, they only do certain jobs when they already know how it works, so this is very normal because there is nothing to blame and also to convince our own parents of course we have to go through good suggestions so that he can understand it by good and happy.
Cryto is one of the best and most profitable investment one can ever made especially by purchasing altcoins at lower price , holding and then selling when prices are high but it is true elderly find it hard to invest in it . Almost all the people doing crytocurrency in my area are youth the older one don't like it that much.There is no way my parents will purchase crytocurrency only my younger siblings do that.
yes indeed for now investing in cryptocurrency is very good and of course you will definitely get a big profit from investing in cryptocurrency at this time, because market condition are in a bull run, but when market condition is in a bear run, then of course you can lose a lot (almost 50% of your capital), because every investment that provides a big profit, then of course the risk is also big, so if you want to invest or invite your friends and family to invest in cryptocurrency, then they must be prepared for the risks of investing in cryptocurrency.
I think it is obvious that people know that they should not buy at the peak price, they just don't know what the peak price is and that is the problem. I for example believed ethereum peaked at around 2k and then it wouldn't goo too much high, it nearly doubled from the price I imagined it would. I also believed around 400 dollars would have been the highest for BNB as well but it went up super high as well and broke over 600 easily.When it comes to doge, I do not even know what to say, I imagined 10 cents would have been the most incredibly the highest it could reach, at around 3 cents I said "people who believe it could be 1 dollars are all idiots" and look who is the idiot now. So long story short it is hard to predict what the top price for something will be, that is what I think creates all of the problems. As long as you can predict the top, rest is easy.
In fact, it is very difficult to explain it to our parents who have no knowledge of crypto. My parents at first did not believe that money could be made from cryptocurrency. Then when I cash out some money and showed them hard money, they believed. For this they have to give proper knowledge first.
- In fact, the right knowledge cannot eliminate the antiquity and classical thoughts of the previous generation, people believe more in a business investment, a stable job, what is not seen with normal eyes is a difficult thing for them, especially with new technologies, parents' ability to absorb is really low. Leading the generations ahead will have huge disagreements about opinions, we should control these to avoid major complaints and stumbling in views of life, knowledge expansion is no longer necessary here, maintaining perspectives and proving success will be more important It's usually hard to persuade the older generation to invest it cryptocurrency and that is because most of them are not tech savvy and it is not good to invest your money in something you don't know. Try to enlighten them about the technology and how it is the future ntbefore you advise them to invest.
Why do anyone want to persuade anyone to invest in the cryptocurrency market, even if they are tech savvy you cannot persuade anyone to invest in something they have no interest as it will end up in a loss if they are not independent about how they can trade and book their profit and no one can trust a third party when it comeadtes to investment.I think he might change his mind in the future but for now let him decide on his own because it's still useless if you keep convincing him but he shows no interest because he does'nt even know crypto that much. Just keep telling him all your acquired profits for him to realize how potential crypto is.
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?
It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
Have you tried to show your dad the profits which you gained from investment of your pocket money in ethereum ? Try to show him the price action graphs for Bitcoin, ethereum and show him that if he would have invested in them six months ago, how much profit would have been gained. If he is still hesitant to agree with you then ask hm to invest only 10% of his wealth in crypto. I am sure sooner or later he will agree with you.
It's usually hard to persuade the older generation to invest it cryptocurrency and that is because most of them are not tech savvy and it is not good to invest your money in something you don't know. Try to enlighten them about the technology and how it is the future before you advise them to invest.
Why do anyone want to persuade anyone to invest in the cryptocurrency market, even if they are tech savvy you cannot persuade anyone to invest in something they have no interest as it will end up in a loss if they are not independent about how they can trade and book their profit and no one can trust a third party when it comes to investment.
Everyone has their own sense of courage in investing, whether in crypto or stocks. Sometimes your parents don't know how to trade in the crypto world, but you have to convince your parents to take part in it.
In fact, it is very difficult to explain it to our parents who have no knowledge of crypto. My parents at first did not believe that money could be made from cryptocurrency. Then when I cash out some money and showed them hard money, they believed. For this they have to give proper knowledge first.
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