I ever persuaded my uncle to invest in crypro when Bitcoin price was still $10k in 2018, but he sold it out of fear of losing a lot of money (the crypto market was bearish at that time)
I had persuaded him to hold the coin for long term investment, but he didn't and sold Bitcoin for $8k, this time he was just surprised to see the Bitcoin price at $62k and he started buying other coins for long term investment.
Currently I have some friends who always participate in IDO on several platforms, I think it will grow and they will educate every friend to trade in crypto and earn profit.
Topic: Altcoin is good. It’s hard to persuade parents to invest in it. - page 4. (Read 3702 times)
November 01, 2021, 09:19:10 PM
November 01, 2021, 03:38:32 PM
Op i will not agree that cryptocurrency is not popular this time, cryptocurrency popular but you can put people through is that bitcoin is not everybody that like to use it, many people today is using bitcoin because they know it will replace fiat soon, if bitcoin is not popular while government of country that honour bitcoin well is having problem with the people using it, today bitcoin is the currency that have name all over the world but some people will not believe my theory.
October 31, 2021, 12:02:22 PM
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 is necessary that people would use the project and it will be in demand.
It is necessary to constantly develop the project and add new services to increase the liquidity of the project.
The platform must be in demand to attract more users.
October 30, 2021, 10:24:22 AM
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
I agree that lending platforms are very popular now and in demand, but a lot of depends on the liquidity of the platform.
The more liquidity more users, the better conditions for users of the platform.
Liquidity is very important for every project. It is necessary that people would use the project and it will be in demand.
October 30, 2021, 07:59:28 AM
Many parents are too conservative to want to understand cryptocurrencies. They are used to living their own lives and deny everything new and incomprehensible. Probably the best way to let them know that the cryptocurrency market is a great place to earn money, show your profit, withdraw it to fiat. This way it will be clearer for them and they will understand that money can be earned without leaving home.
It's normal when our parents age is more than 50, i'm not blaming them for being denial because they don't even get the digital knowledge when they was young so they would not know digital assets could be worth so much in this current era.
The only way is let them think their own way and don't ask money to them if we want to invest on crypto but earn it by doing airdrops or bounty then the rewards allocate it for further investment.
October 30, 2021, 02:44:37 AM
It's only a matter of time, very soon crypto adoption will be accepted throughout the globe, crypto have did it finally giving hope back to the poor and wretched parts of the world, I've seen even kids becoming multimillionaires at very young age, NFTs, gaming, DeFI this is just the beginning, my advice? Don't force anyone
October 30, 2021, 02:29:39 AM
Crypto is a neophytic fintech industry and most people, maybe 75% or so, can never wrap their heads around it. To some people its gibberish. Yet to some folks like us, its a walk in the park(assuming you don't stumble or fall into the many pits laid around by scammers and other bad actors).
The term in crypto is not used friendly and if you are not versed in tech terms, you would give up the interest. Those old folks don't get those terms, that's the truth
The term in crypto is not used friendly and if you are not versed in tech terms, you would give up the interest. Those old folks don't get those terms, that's the truth
Right, this is a new type of fintech that is difficult to understand, I often tell about crypto to my co-workers and whatsapp groups, most of them find it difficult to understand and don't believe it because they think it's like HYIP or gambling, parents have strict considerations for spending money even for investment, Of course we have to think positively with them.
October 29, 2021, 07:05:14 PM
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
I agree that lending platforms are very popular now and in demand, but a lot of depends on the liquidity of the platform.
The more liquidity more users, the better conditions for users of the platform.
October 28, 2021, 12:40:15 PM
Crypto is a neophytic fintech industry and most people, maybe 75% or so, can never wrap their heads around it. To some people its gibberish. Yet to some folks like us, its a walk in the park(assuming you don't stumble or fall into the many pits laid around by scammers and other bad actors).
The term in crypto is not used friendly and if you are not versed in tech terms, you would give up the interest. Those old folks don't get those terms, that's the truth
The term in crypto is not used friendly and if you are not versed in tech terms, you would give up the interest. Those old folks don't get those terms, that's the truth
October 28, 2021, 12:01:48 PM
Many parents are too conservative to want to understand cryptocurrencies. They are used to living their own lives and deny everything new and incomprehensible. Probably the best way to let them know that the cryptocurrency market is a great place to earn money, show your profit, withdraw it to fiat. This way it will be clearer for them and they will understand that money can be earned without leaving home.
It's normal when our parents age is more than 50, i'm not blaming them for being denial because they don't even get the digital knowledge when they was young so they would not know digital assets could be worth so much in this current era.
The only way is let them think their own way and don't ask money to them if we want to invest on crypto but earn it by doing airdrops or bounty then the rewards allocate it for further investment.
October 28, 2021, 11:50:02 AM
You can try to get your parents to use your account to do this again. If they see that they have made money, they will believe and maybe join the cryptocurrency market.
Many older parents are not open-minded and are not easy to accept new things. Because they have their own habits.
If your parents are unwilling to invest, you must respect your parents' ideas. They will not force you to accept new things in new areas.
Many older parents are not open-minded and are not easy to accept new things. Because they have their own habits.
If your parents are unwilling to invest, you must respect your parents' ideas. They will not force you to accept new things in new areas.
Many parents are too conservative to want to understand cryptocurrencies. They are used to living their own lives and deny everything new and incomprehensible. Probably the best way to let them know that the cryptocurrency market is a great place to earn money, show your profit, withdraw it to fiat. This way it will be clearer for them and they will understand that money can be earned without leaving home.
October 28, 2021, 11:22:03 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?
I think, as parents of course they have had so much experience in life, so when you ask them to invest in crypto, of course they will think very hard and evaluate every risk that exists, and of course they have strong reasons and they may not disclose to the OP why don't they invest in crypto. It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
Crypto is an investment that is starting to trend right now and parents may find it difficult to learn about it, so makes them reluctant to invest in crypto in my opinion.
October 28, 2021, 10:49:39 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?
I think, high risk and volatility is not what prevents them from investing, because they can start with small amounts. If the problem is high risk, low investment will be the solution for them, still they are not interested in it. It's hard to persuade older people to get into crypto investing because they can't see the potential, they can't see it returning huge profits all the time, so they ignore it. It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
October 28, 2021, 09:11:50 AM
maybe the times are different finally parents are not interested in crypto, parents are trained with exchanges they have studied for years, so they don't want to learn crypto because they are afraid of the risks, unlike the stock exchanges they have studied, they already understand the risks involved actually,
but not the least for parents who are open minded about crypto, they want to learn about crypto and with a basic knowledge of the exchange they can finally become reliable traders in the crypto market,
but not the least for parents who are open minded about crypto, they want to learn about crypto and with a basic knowledge of the exchange they can finally become reliable traders in the crypto market,
October 25, 2021, 04:56:45 AM
It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
My parents are not middle aged anymore, they are already retired but still they have heard about bitcoins and crypto currencies. My family knows that I am involved with cryptos for years now and they keep asking me about it regularly. There is definitely some interest about the new asset class but investing they don't want. My family holds most of their money in cash at the bank which is the worst kind of investment right now. They don't get any interest and have to pay fees and lose money due to inflation. I don't know how to convince them to invest into cryptos. Going straight for alt coins might be a bit risky, but atleast buying some bitcoins would be a good thing for the. Everytime I see my uncle he keeps asking me about bitcoins, he is very interested, but everytime I ask him if he wants to invest a little, he just says in the future. Hard to know why he is still afraid because prices went up so much offer the last years. It would be nice if we can get more older people involved with cryptos.
October 15, 2021, 12:58:25 PM
in general, not everyone understands about cryptoqurrency, about bitcoin, about blockchain technology, what benefits are generated and so on. but I have faith that someday people will say regret that they didn't get to know crypto in the first place. . in the same case when I regretted not buying BTC,altcoin etc, when it was cheap since it was first released.
from this, we can understand that there will come a time when everything will be decided by itself.
from this, we can understand that there will come a time when everything will be decided by itself.
October 12, 2021, 03:44:21 PM
1. It's virtual, so most of the parents can't be convinced to use cryptos because they can't prove it "physically" to other people from what I have talked to other "old" people in my city. The feeling of having stuff virtually and physically are so different, so it does makes sense why they refuse to invest in cryptos.
2. Risk of losing. They know of how volatile the cryptos and they don't bother to take the risk of losing their money.
3. It's used in "criminal" crimes. That statement let alone already explained. Their mindset already focused with cryptos = criminal crimes and etc.
2. Risk of losing. They know of how volatile the cryptos and they don't bother to take the risk of losing their money.
3. It's used in "criminal" crimes. That statement let alone already explained. Their mindset already focused with cryptos = criminal crimes and etc.
October 12, 2021, 03:26:28 PM
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?
Investing in shitcoins is too risky. Even buying Bitcoin in a bull market is risky, you get rich quick, or get poor quick if you buy and enter a bear market. As you are almost 100% sure that once a new bull cycle begins, the price will not fall to such lows again. You can't say the same about an alt that can fall to the ground at any moment. It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
October 12, 2021, 02:02:02 PM
Because parents have not yet experienced how the movement in the crypto business is, if they have tried they will definitely be interested. If parents usually need to be taught in detail all the business because experience and lack of information also affects. they consider again that altcoins do not yet appear significant with bitcoin that is also one reason
This is not logical because they have much better experience than us, and they can understand, but we need to give them some better and positive of way of education about this all.I know many peoples those love innovative concepts and love to invest things like this, but they worried because they have no proper education and knowledge about this all, so they never give try but still few peoples jumps with all hurdles as well but have some good end of their this journey. In many families we have very good system if someone have new thing he tries to give all information to them, and they have good involvement.
October 11, 2021, 08:10:00 PM
Because parents have not yet experienced how the movement in the crypto business is, if they have tried they will definitely be interested. If parents usually need to be taught in detail all the business because experience and lack of information also affects. they consider again that altcoins do not yet appear significant with bitcoin that is also one reason
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