Topic: Altcoin is good. It’s hard to persuade parents to invest in it. - page 6. (Read 3641 times)
It is true that it is difficult to persuade and convince middle-aged people to invest in crypto especially those who have never heard of it. However, if we can give them a good understanding of crypto they might be interested in investing in crypto.
I dont think that it is a good idea to persuade anyone to make investment. You can show some examples or share your own experience. But it is fully their decision what to do. Persuading someone to do something will have an opposite effect. If you persuade other person to do something, his inner protective system will do opposite.
Another strong thing is that you try to persuade your parents; close people. You how people say "want to lose a friend or spoil relations - borrow them money". Here money are also involved. If you try to persuade them to invest in crypto, that means they are inexperienced in it. If the have losses after investment or are not long term investors, will you be ready to cover their losses? Because you will the first person they will turn their negative to. Are you really ready for that?
Another strong thing is that you try to persuade your parents; close people. You how people say "want to lose a friend or spoil relations - borrow them money". Here money are also involved. If you try to persuade them to invest in crypto, that means they are inexperienced in it. If the have losses after investment or are not long term investors, will you be ready to cover their losses? Because you will the first person they will turn their negative to. Are you really ready for that?
You can let your family watch it while you are operating cryptocurrency and let them know that investing in cryptocurrency can make money. If you just explain to your family or say something they don’t know, they won’t understand. You can transfer some coins to them so that they can also operate. If they are interested, you can teach them how to make money. . If they are not interested, do not force your parents to enter the crypto market, because there is a risk of investment failure, they will not operate, and do not understand investment knowledge.
They may not be interested in cryptocurrency. Cryptocurrency is an unstable investment, the market price is very unstable and fluctuates greatly. If you want to invest in cryptocurrency to get more profits, you must face greater risks, and parents cannot bear greater risk pressure. Instead they want to invest in a safe, stable and publicly acceptable investment like real estate, so that they can make a profit when house prices rise.
Now almost 80% people loves Altcoin. Because altcoins give the most profit. Altcoins can grow up to 1000% in one day. Which never happens in anything else
but explaining it to someone especially our parents must make us a little awkward.that's because the understanding that parents have regarding work and investment is different from what we mean.
more people who enter is good, but when people don't really understand crypto assets, seeing the market as it is today will certainly make new people panic easily.
So far what I know is that altcoins have a very high risk if used for investment, so you should be able to buy coins that have good potential such as bitcoin or maybe BNB and Ethereum which have a lighter risk.
I agree, for my parents I would only recommend the most common alt coins where the risk is lower. Going into low market cap coins is a no go for my parents. They are already in retirement age and just can't take massive risks anymore. If they really want to buy cryptos then just for bitcoins.
Now almost 80% people loves Altcoin. Because altcoins give the most profit. Altcoins can grow up to 1000% in one day. Which never happens in anything else
but explaining it to someone especially our parents must make us a little awkward.that's because the understanding that parents have regarding work and investment is different from what we mean.
more people who enter is good, but when people don't really understand crypto assets, seeing the market as it is today will certainly make new people panic easily.
Now almost 80% people loves Altcoin. Because altcoins give the most profit. Altcoins can grow up to 1000% in one day. Which never happens in anything else
but not all parents will do that. It's a little harder to explain investing in the stock or crypto market to parents. they will be more interested in gold and investing in real assets.
but some of the parents, actually become interested in the crypto market when they see their children make money from crypto investments. Of course, it all depends on how we explain it to parents.
Actually it's easy to explain anything to parents who have a high education, because parents who don't have a high education will always be difficult to understand and they tend to choose real assets such as Gold, in contrast to parents who have education, he will tracing what his son said and asking his son repeatedly. but some of the parents, actually become interested in the crypto market when they see their children make money from crypto investments. Of course, it all depends on how we explain it to parents.
It is best to invest in a field that you are familiar with and research, otherwise,it is easy to fall into the trap. If your parents are senior investors in the stock field, do not invest lightly before you really understand altcoin. The risks and returns are equal.
For those who have experience in certain fields, it is indeed good to do something more useful because everyone will only explore what they already know, after that they will explore what they don't know through investment.but some of the parents, actually become interested in the crypto market when they see their children make money from crypto investments. Of course, it all depends on how we explain it to parents.
It is best to invest in a field that you are familiar with and research, otherwise,it is easy to fall into the trap. If your parents are senior investors in the stock field, do not invest lightly before you really understand altcoin. The risks and returns are equal.
For those who have experience in certain fields, it is indeed good to do something more useful because everyone will only explore what they already know, after that they will explore what they don't know through investment.
It is best to invest in a field that you are familiar with and research, otherwise,it is easy to fall into the trap. If your parents are senior investors in the stock field, do not invest lightly before you really understand altcoin. The risks and returns are equal.
Yes you are right its the same problem in my country and more importanly crypto is not popular and a big portion of the population does not know about it plus our parents are are not fans of technology and you are right eth is worth the risk and is a long term investment.
Not everyone likes crypto. Sometimes you can change their mind sometimes not. Luckily I was able to and since then I've had a ton of altcoins. My favorite one at the moment is KuCoin.
For those who don't like crypto, that person doesn't need to be ignored because crypto doesn't need people who have negative thoughts, so just show the results to people who don't like crypto, so they see that crypto can give good results and not lie. 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?
Vitalik Buterin; January 31, 1994, Russian Canadian, computer engineer, co-founder of Ethereum
Gavin James Wood, April 1980 (age 41),Dr. Gavin James Wood is an English computer scientist, co-founder of Ethereum and creator of Polkadot and Kusama
Sam Bankman-Fried,Sam Bankman-Fried is the founder and CEO of FTX, a cryptocurrency exchange
Andrew Cronje (born 15 May 1984),Andre Cronje : Founder of Yearn.finance | #2 | Cointelegraph
Justin Sun Founder of Tron, CEO of Bittorrent, Inc. Born in July 1990.
From the above content, we can also see that digital currency is the product of the new era, but the real wealth in the world is in the hands of the people of our parents’ era. Traditional stocks, funds, financial management, and industries are their investment fields, so investment Habits are hard to change, and time can only be used to convince them. This is normal. For example, Buffett, no matter what the reason, is definitely related to age and habits. He does not deny that he is still the god of investment.
Yes, it's difficult to persuade people used to a way of thinking to replace that way of thinking. The thing to do for the moment is to continue to invest yourself and be silent as you make a profit and to reinvest that profit until you get a sizable amount and then surprise your parents. Don't miss out on opportunities because your family is not interested. Time will make your father change his mind.
I wouldn't like it very much if my parents invested in alt coins unless they are rich and can carry the burden of losing everything. Making decisions for others especially when money is involved is complicated in my opinion. Losses feel much harder than if it is your own money. Of course you are happy when they can make some nice gains, but if that doesn't happen it feels awkward.
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.
but in my opinion for now cryptocurrency is very popular in all circles, because in my country many parents who invest in stocks have started to invest in cryptocurrency too, it's just that they have not dared to invest in altcoin and only chose to invest in Bitcoin, because they feel Bitcoin is the safest and most profitable. not everyone is difficult to persuade a family to take part in crypto investing, because every investment will be promised benefits. if we can show you proof of the profit we have made from crypto then family members will definitely be interested in participating in crypto investing. and here your father has already invested in stocks so that it is difficult for him to accept other things such as crypto. because he has studied stocks before crypto. And I'm sure your dad is comfortable with investing in stocks anda bonds.
You're right about it mate because there are also some adults that were open minded when it comes in adopting to new technology. They may hard to teach but some of the parents were confident to lay their money to their child to invest it in an investment which they may are not really familiar and it is because they have a trust to their child. But there are also some adults that is hard to pursuade. And at some point we are all have individual differences and different poin of view.
Yes, it's difficult to persuade people used to a way of thinking to replace that way of thinking. The thing to do for the moment is to continue to invest yourself and be silent as you make a profit and to reinvest that profit until you get a sizable amount and then surprise your parents. Don't miss out on opportunities because your family is not interested. Time will make your father change his mind.
Definitely we won't accept our future when we become the middle of Old. What could be a good reason to take a risk during our middle age? My friend's father doesn't want to take risks when a friend agrees to do as my advice. But I can manage to do it because my target is fixed. Although I gave them some results from my experience. Overall, I take risks because of what I can afford to lose.
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