Topic: Altcoin is good. It’s hard to persuade parents to invest in it. - page 18. (Read 3702 times)
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
You mention on your previous reply that your parents are already investing on stock but rarely to win so it will be more risky for them to invest on altcoins considering how volatile the market is. Instead of convincing your parents, just your funds personally and take the risk of trading for yourself. Let your parents manage there own business though. They have different investment style than us. Altcoin might not fit for them.
Can't do anything about it if its not your money, its your dad's money. I gave my wife cash from the profit I earn in cryptocurrency but asking her to invest her money in BTC, will just be turned down.
They will listen and their view could change when you give an example of the popular guys who already invest in BTC like Elon Musk but when its time to invest and ask their money, they will still again shake head.
Some people are just not open to new tech unless they see everybody else is using BTC already.
They will listen and their view could change when you give an example of the popular guys who already invest in BTC like Elon Musk but when its time to invest and ask their money, they will still again shake head.
Some people are just not open to new tech unless they see everybody else is using BTC already. my parents are not interested in crypto either. Even though sometimes I give them an understanding of bitcoin, crypto, and blockchain, they still refuse if I invite them to invest. they believe more in investments that have a lower risk such as GOLD. they say the crypto market, like stocks or forex, is too risky for parents who don't want to focus too much on monitoring market movements. different from the price of gold which is quite stable so they can be easier to monitor.
But my dad isn’t interested in precious metals because the return rate of precious metals is too low. He thinks stocks are better than precious metals. 
It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
That's right, maybe its because they're not aware of how it really works and the lack of information especially its a "thing" online wherein many scam investments are existing. Some people really prefer to invest in an investment with physical form like gold, real estate etc.Well every investment has risk, its just that in crypto we have a high chance to gain more if you know how to take advantage the market and knows when to take profit. Its risky compared to other investment but if you can wait longer and has lots of patience then you can prevent the usual mistakes (selling at loss) if the market is not in a good situation.
Nevertheless if its not their thing then dont further pursue them. We have different belief anyway, if you did your part explaining and convincing them then its already enough. Who knows maybe someday they might discover themselves the significance and advantage of investing in crypto.
my parents are not interested in crypto either. Even though sometimes I give them an understanding of bitcoin, crypto, and blockchain, they still refuse if I invite them to invest. they believe more in investments that have a lower risk such as GOLD. they say the crypto market, like stocks or forex, is too risky for parents who don't want to focus too much on monitoring market movements. different from the price of gold which is quite stable so they can be easier to monitor.
Firstly they're old fashioned so why stress yourself trying to convince them to go into something they don't understand in the first place. We use an approach that's very wrong, you can't just go straight into wanting them to go invest in your magic money because that's what most parents see crypto for. They believe it's ponzi oriented that'll it'll all crash when there's no new individual to buy your coins.
They fail to understand that this is a revolution that's just beginning. First make them understand what cryptocurency in general is all about before wanting them to invest. Make them use bitcoin fir transactions and allow them hunger ti what to know more.
I have used the approach severally, you teach about the utility before adding the monetary benefits and they allow the individual to make their decoy. There's a greater chance they'll pick interest the moment they understand how the technology works
He’s now unemployed during this economic recession period. It’s impossible for him to find his professional job during this recession. Then, he tries to earn money from the stock but he seldom wins. They fail to understand that this is a revolution that's just beginning. First make them understand what cryptocurency in general is all about before wanting them to invest. Make them use bitcoin fir transactions and allow them hunger ti what to know more.
I have used the approach severally, you teach about the utility before adding the monetary benefits and they allow the individual to make their decoy. There's a greater chance they'll pick interest the moment they understand how the technology works
It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
I think so. I have ever met some people in the past that they didn't believe in crypto. They were saying if crypto is a high risk investment with no fundamentals and the most difficult to change people's minds about that. You need to hardwork to make your parent will try to invest in crypto like BNB. I know that if your dad was only taking a low risk investment as his main choice.
So many people have been facing the same problem as you dude. You must prove it if you can be the next rich person from crypto.
Investors never invest on anything which they don't have knowledge about which also applies to Warren Buffet that is why he never invested in Tesla and Bitcoin which is too far away from his core knowledge so if you want to convince them then you need to teach them about bitcoin and blockchain technology then they may understand its potential and invest in cryptos too.
My dad doesn’t have knowledge in stock but he has invested in stock for more than 30years. My mum lacks the knowledge in real estate but she always invests in real estate. In my homeland, people is not rational to invest. Nearly all the adults invest in stock and most of them try to invest real estate which is just following the suit. 
Every market has bull and bear times so the cryptocurrency market won't rise forever.
Your decisions will end with profit or loss and you can not exclude any of such results. If you buy crypto at tops of the hype, and sell it in bear market, loss will knock your doors.
If you hold them, good cryptocurrencies not shit coins, for years, and stay strong and patiently for the next bull market, you can exit with a draw or big profit. Like ETH need four years to touch its 2018 All time high and gets its new all time high.
Shit coins can end with gradual falls and price will touch 0, volume will touch 0 after months or years. Your patience won't end the same with good coins and with shit coins.
Your decisions will end with profit or loss and you can not exclude any of such results. If you buy crypto at tops of the hype, and sell it in bear market, loss will knock your doors.
If you hold them, good cryptocurrencies not shit coins, for years, and stay strong and patiently for the next bull market, you can exit with a draw or big profit. Like ETH need four years to touch its 2018 All time high and gets its new all time high.
Shit coins can end with gradual falls and price will touch 0, volume will touch 0 after months or years. Your patience won't end the same with good coins and with shit coins.
Risk is a very crucial part of investments whatever it's forex stock or crypto. The higher the risk will be the greater your profits will be. Old people do not want to take the risk and trust only well know commodity like gold and silver when youngs ones prefer crypto. I think that's what happens with your parents. It will be better to acknowledge them so that they understand the potential of crypto.
Your parent didn't wanna try to take the risk. Remember this rule if you wanna get more profit and you must face more risk.
I guess your father just wanna take the safe investment as his portfolios. Real estate can be considered as the safest investment for now consider it's not even volatile like crypto, stock, or bonds.
I think that it's difficult to change your father's mind. You need to give him valid proof about crypto.
I guess your father just wanna take the safe investment as his portfolios. Real estate can be considered as the safest investment for now consider it's not even volatile like crypto, stock, or bonds.
I think that it's difficult to change your father's mind. You need to give him valid proof about crypto.
It’s hard to persuade those middle-aged people to invest in crypto.
Hard or easy depends on many things. If the crypto investment isn't popular in your country, it is not surprising that your parents are hard to invite joining the crypto investment. They still don't know much about crypto and they probably only about the negative issues. You don't force them to join, just show them that you can be successful in crypto. Then, I guess that your parents will consider joining crypto investment. Good luck, bro 
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
Firstly they're old fashioned so why stress yourself trying to convince them to go into something they don't understand in the first place. We use an approach that's very wrong, you can't just go straight into wanting them to go invest in your magic money because that's what most parents see crypto for. They believe it's ponzi oriented that'll it'll all crash when there's no new individual to buy your coins.
They fail to understand that this is a revolution that's just beginning. First make them understand what cryptocurency in general is all about before wanting them to invest. Make them use bitcoin fir transactions and allow them hunger ti what to know more.
I have used the approach severally, you teach about the utility before adding the monetary benefits and they allow the individual to make their decoy. There's a greater chance they'll pick interest the moment they understand how the technology works
They fail to understand that this is a revolution that's just beginning. First make them understand what cryptocurency in general is all about before wanting them to invest. Make them use bitcoin fir transactions and allow them hunger ti what to know more.
I have used the approach severally, you teach about the utility before adding the monetary benefits and they allow the individual to make their decoy. There's a greater chance they'll pick interest the moment they understand how the technology works
First of all, before you try to convince other people to invest in crypto currency (all investment place) you have to know the ins and out of the investment place itself, yeah that is the important factor. More than that, crypto currency is not a new investment place anymore, there are so many people even instutional investot have been trying to invest in crypto currency especially bitcoin or even altcoin.
May I know, for how long you know crypto currency? Have you bought those altcoin (ETH and BNB)? Maybe if you already investing your money even you already got a profit then it will be easy to convince other people who close to you. Even, in this case your father has already known about investing then it will be easy to teach him to get interest in crypto currency.
May I know, for how long you know crypto currency? Have you bought those altcoin (ETH and BNB)? Maybe if you already investing your money even you already got a profit then it will be easy to convince other people who close to you. Even, in this case your father has already known about investing then it will be easy to teach him to get interest in crypto currency.
One simple task is to show your earnings from your investments.
Let him see the actual transactions and how you made profit from it.
It is common that not only your parents are hard to convince but practically everyone that has never touched crypto before.
If they don't know what they are getting into, it will be hard for them to get involved.
One way, is to set him up his own eth or bnb wallet, and send him what you can afford.
In that manner, he will see if its value will actually grow. To see is to believe, some others say.
Because if you are not doing anything but just telling them to invest, I don't think they will be convinced.
It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
I think so. I have ever met some people in the past that they didn't believe in crypto. They were saying if crypto is a high risk investment with no fundamentals and the most difficult to change people's minds about that. You need to hardwork to make your parent will try to invest in crypto like BNB. I know that if your dad was only taking a low risk investment as his main choice.
So many people have been facing the same problem as you dude. You must prove it if you can be the next rich person from crypto.
First of all, before you try to convince other people to invest in crypto currency (all investment place) you have to know the ins and out of the investment place itself, yeah that is the important factor. More than that, crypto currency is not a new investment place anymore, there are so many people even instutional investot have been trying to invest in crypto currency especially bitcoin or even altcoin.
May I know, for how long you know crypto currency? Have you bought those altcoin (ETH and BNB)? Maybe if you already investing your money even you already got a profit then it will be easy to convince other people who close to you. Even, in this case your father has already known about investing then it will be easy to teach him to get interest in crypto currency.
May I know, for how long you know crypto currency? Have you bought those altcoin (ETH and BNB)? Maybe if you already investing your money even you already got a profit then it will be easy to convince other people who close to you. Even, in this case your father has already known about investing then it will be easy to teach him to get interest in crypto currency.
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?
Its no surprise that they wouldnt want to get involved into things which arent regulated or been known into investment world or simply they arent still aware with the market but once It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
they do saw about liquidity then he would get amazed on how big the market is.
If he does continue to ignore you then its better to stop on pushing him to get involved with crypto but rather just focus into yourself on making some gains.
One day he would be surprised that you are generating much more profit compared to him.
Even your dad or people around you invest in crypto, don't expect that the result will always good.
Taking profits isn't that simple even in the bull run. Not all people also prefer crypto even they are aware of how's the profit here.
Give it time. Someday, maybe they will soon try the crypto-experience. If you want, you can start it by doing some basic teaching for them to gain more awareness.
Taking profits isn't that simple even in the bull run. Not all people also prefer crypto even they are aware of how's the profit here.
Give it time. Someday, maybe they will soon try the crypto-experience. If you want, you can start it by doing some basic teaching for them to gain more awareness.
Altcoins are really good choices if you are an experienced investor. But if you are a new one, then I don't recommend starting with altcoins. People should be aware of scam projects by doing their own research. Besides, for the new investors, Bitcoin is a good start for making investments, in my opinion.
Yes, it's not easy to persuade middle-aged and old people for this because they generally are isolated from the new technologies. And they are approaching to them unfriendly the most.
It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
Yes, it's not easy to persuade middle-aged and old people for this because they generally are isolated from the new technologies. And they are approaching to them unfriendly the most.
everyone has their own views, what's more, those who have had a lot of experience like parents will find it difficult to get their hearts to believe, they are used to existing and will not want to try new things, it will be inversely proportional to introducing crypto to millennial children who his mindset about technology.
Jump to: