When I said to my parents to invest in Bitcoin, at that time the price was under $1k, they didn't listen to me! Our next talk was when the price was around 5k (a years later, right after that dump in 2018), they didn't listen to me! So I know how hard is to talk with parents, but it was almost the same (if not worse) with my friends! I talked with them a lot more, and they didn't do anything about crypto!
Well, now it's my time to rub them on their nose every time they start talking about "how to make money & where to invest"... I was a joke back then, they were laughing when I start talking about crypto, but now I get the chance to tell them what a life opportunity they missed! And I add that it's still not too late to get into the game!
Topic: Altcoin is good. It’s hard to persuade parents to invest in it. - page 16. (Read 3702 times)
Where do you live?
If where I live, in this pandemic season many of the people are starting to be interested in investing in cryptocurrency, they are already aware that cryptocurrency can make people successful in the future.
This is good news for me because automatically cryptocurrency development will develop very well in my country, if investors and traders wisely manage it.
But for now most of the young people who are interested in investing in cryptocurrency for the elderly are still afraid of failure and still think of many risks that make them afraid to start investing.
And I don't think they should think about it because with us learning and understanding the cryptocurrency world the fear is going to disappear from us.
If where I live, in this pandemic season many of the people are starting to be interested in investing in cryptocurrency, they are already aware that cryptocurrency can make people successful in the future.
This is good news for me because automatically cryptocurrency development will develop very well in my country, if investors and traders wisely manage it.
But for now most of the young people who are interested in investing in cryptocurrency for the elderly are still afraid of failure and still think of many risks that make them afraid to start investing.
And I don't think they should think about it because with us learning and understanding the cryptocurrency world the fear is going to disappear from us.
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?
I think they need time and more persuasion from you. Maybe you should try another approach to them. Like you start investing your own money like 20 dollar for starter. Show them your binance account how it increase and how strong are your recommended coins like BNB amd ETH. It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
Everyone's investment profile is different. I personally have never invited people to dive into crypto, let them find me. I would be happy to teach them about crypto, especially if it's someone close to like family and close friends.
Parents do not fully understand how cryptocurrency works, they prefer real investments such as investing in tangible and visible property. Property is the most preferred investment for parents because according to them investing in property such as buying a plot of land will be safer without risk and can be passed on to posterity later. although crypto can also be passed on to our children and grandchildren, the risk of loss is greater than real investing in property. From this we can see that the way of thinking of parents and young people is clearly very different, so it is not surprising that it is very difficult to persuade them
Parents and elders have had a long time trying to survive and succeed in this society, hence their selection is often based on a perspective of years of experience, I would say they are living witnesses of successful investments, typically gold and real estate, the value after decades of these investments is enough to turn a person into a millionaire, it's hard to convince them to give up such safety and value to pursue such a risk as altcoins and crypto. They have no experience in this but our youth will be knowledgeable, so we should be proactive here, instead of encouraging them. 
Just like me to be able to convince parents to teach how to invest in Cryptocurrency. they refused saying it was a scam. I have given the explanation in a simpler way, but they still don't understand. Nowadays, when the media has reported a lot, finally they are starting to be interested in learning what cryptocurrency is. and how to invest. for new people moreover they are less visionary will inevitably think negatively
I talked again to my mother, and from the looks of it she is not impressed by cryptocurrency. She is old now and ready to retire in 2 years. I want to help her by making an investment that will help her multiply her money 10 fold. Hopefully I can make another appeal to her and this time she would be able to listen and give me some money to grow in cryptocurrency. I think it is not too late but all I need to do is a little convincing.
It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
It is easy for them to enter a stock bubble, but yes as you say it is not easy to enter a crypto bubble. There is one big reason, they find it hard to invest in crypto.
Most of them don't understand what is crypto and think of it as something that is very speculative. Entering stocks is simpler with all the investment and trading offices around, and a central stock market on each country.
It is not easy for most to even understand the internet and the concept of decentralization.
They get confused and most that did invest have had a terrible experience as they did so right at the top of a bubble, while sold later at a big loss.
The market is also very difficult because of all the fomo and the fud. There are major publications and discussions from influental people that force investors to sell at the bottom and buy at the top.
However, I would wonder how would you behave if you were losing hundreds of thousands of dollars from your investment.
Crypto is something new to everyone, even long-term investors who feel risky investing in them.
Perhaps they are only interested in cryptocurrencies with high popularity such as Bitcoin, Ethereum, Ripple ...
Crypto's value depends on many factors such as technology, community, and government adoption.
Stocks look clearer when regulated by the government. Annually, investors will be provided with dividends to holding investors.
Convincing your parents to invest in altcoins takes time to explain to them because altcoins are diverse and plentiful. Investing in crypto is voluntary with knowledge.
Perhaps they are only interested in cryptocurrencies with high popularity such as Bitcoin, Ethereum, Ripple ...
Crypto's value depends on many factors such as technology, community, and government adoption.
Stocks look clearer when regulated by the government. Annually, investors will be provided with dividends to holding investors.
Convincing your parents to invest in altcoins takes time to explain to them because altcoins are diverse and plentiful. Investing in crypto is voluntary with knowledge.
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One of the main reasons parents shouldn't use cryptocurrency is because they live in a different era than we do. They have gone through adolescence and had creative ideas of their time. The birth of cryptocurrency is a period that we must run and we must educate the next generation. In this way, the erosion of the traditional financial system will occur in the next few years.
Planting now for the next few years' harvest could be the last resort if we really fail to provide a sensible education for parents.
Planting now for the next few years' harvest could be the last resort if we really fail to provide a sensible education for parents.
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?
Maybe the way you deliver it doesn't interest your parents or your family. Because I managed to persuade my family to learn about crypto and in the end they became interested in investing in crypto. Some people or the community around you, of course, have never heard of crypto, so it takes hard work to persuade them in various ways, such as providing information about the sophistication of crypto or some of it. It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
Haha, now the responsibility that make your family rich rests on your shoulders. Plz take it and let your dad is proud of you.
Some sane people dont like to invest in something they dont know, i am also this kind of person. So i think if you wanna your dad invest in crypto you must be let he knows what is crypto, teaching he at first.
Some sane people dont like to invest in something they dont know, i am also this kind of person. So i think if you wanna your dad invest in crypto you must be let he knows what is crypto, teaching he at first.
Property is the most preferred investment for parents because according to them investing in property such as buying a plot of land will be safer without risk and can be passed on to posterity later. although crypto can also be passed on to our children and grandchildren, the risk of loss is greater than real investing in property.
That is because they have got practiced to those kind of investments and definitely they might need more time to understand and adopt new technologies. I'm seeing already that kind of changes are happening among aged people hence I hope these changes will continue.Nowadays, when the media has reported a lot, finally they are starting to be interested in learning what cryptocurrency is. and how to invest. for new people moreover they are less visionary will inevitably think negatively
Yes, media must be playing vital role on convincing new people to adopt bitcoins and other cryptocurrencies. It is kind of basic belief among all people if something is covered by main stream media then the possibilities for that to go wrong is very less. At the same time, people just do not start believing into media but what they have been hearing among their friends and known people and the same thing is being talked on media then they will start believing. 
Just like me to be able to convince parents to teach how to invest in Cryptocurrency. they refused saying it was a scam. I have given the explanation in a simpler way, but they still don't understand. Nowadays, when the media has reported a lot, finally they are starting to be interested in learning what cryptocurrency is. and how to invest. for new people moreover they are less visionary will inevitably think negatively
Investors, specially those who are well experienced in the traditional ways will never invest in this kind of industry since they have been used to the old ways which they have already familiarized themselves and are very comfortable with. What's worse is that in some olaces people's minds are so closed and uneducated that even stocks and currency trading are no different than bitcoin in their eyes and see all of them as scams or ponzis. Ignorance is really preventing innovation in so many ways.
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?
Middle-aged people are very strict when it comes to investing. They prefer to invest there in what they are sure and have know very well. If they don't know about something or not familiar with, like cryptocurrency, then, it's really difficult to persuade them to invest in crypto. Much better to introduce cryptocurrency to them and educate them first slowly on how to invest on crypto and how to earn from it. It was digital so be prepared to understand and explain to them about crypto patiently because for sure they will not believe you at first. They should understand how a digital currency works.
It's great if your parents also invest in the crypto world, but never force them, because we as young generations, of course, understand more easily about crypto than parents, if you want to invite your parents to invest, then you have to explain it in detail. so that they understand and do not carelessly invest in crypto
Your parent's trust is really easy to achieved if you'll provide detailed information about the investment that
your are engage with, and yes, never to force someone to invest without any knowledge about the venue or
market that they'll going to place thier money. Be sure to work with them in anyhow, they'll follow once they
fully understand everything.
I totally agree with you. It is very hard to change middle-age mind because they are quite obsolete and stubborn. They believe that they have lived long enough to trust their guts without hearing what a younger people say. I used to advice my parents to join the crypto world when I was a high school student. And it was useless, not only that, I was blamed for not being concentrated on my lesson and they told me to get rid of bitcoin or anything related.
But right now, they feel regret not listen to me.
But right now, they feel regret not listen to me.
Some people feel regret not to invest in Bitcoin but they curse those people who has invested in Bitcoin to lose all the money.
I totally agree with you. It is very hard to change middle-age mind because they are quite obsolete and stubborn. They believe that they have lived long enough to trust their guts without hearing what a younger people say. I used to advice my parents to join the crypto world when I was a high school student. And it was useless, not only that, I was blamed for not being concentrated on my lesson and they told me to get rid of bitcoin or anything related.
But right now, they feel regret not listen to me.
But right now, they feel regret not listen to me.
It's great if your parents also invest in the crypto world, but never force them, because we as young generations, of course, understand more easily about crypto than parents, if you want to invite your parents to invest, then you have to explain it in detail. so that they understand and do not carelessly invest in crypto
not everyone will be friendly and easy to interact in crypto, both parents and young people. albeit with as promising results as you have said. here it depends on one's taste and comfort in trading. You have no right to force them, all you have to do is provide knowledge about crypto trading. Whether someone is interested or not, after listening to your explanations, that's their right. because they think the risk is the reason. if their parents will clearly have strong principles about what they hold in investing.
all have their own love, whether in crypto or stocks. While in the realm of investment, it means that it is more than enough to adapt to market developments.
The opposite question is, what if your parents invited you to invest in stocks? Are you willing and comfortable?
all have their own love, whether in crypto or stocks. While in the realm of investment, it means that it is more than enough to adapt to market developments.
The opposite question is, what if your parents invited you to invest in stocks? Are you willing and comfortable?
I agree, I have often provided understanding to my parents about crypto investing and invited crypto investing, but he is still not interested and prefers property investment. because it is true, they have not yet felt comfortable in the realm of technology or crypto, plus they do not understand and do not follow current technological developments. and if at this time I was invited to invest in property by him, maybe I don't want it yet, because I don't feel comfortable in the realm of property.
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