dcgirl: its the fact of when u try to get someone fresh into crypto.
example:
"You should by UTC! great coin for all the reasons."
"what can i do with utc?"
"you can hold it, exchange it for other cryptos, or sell it for fiat" Note: not all cryptos can be sold for fiat.
"ok, why would i want to invest fiat in to crypto when i can just use my fiat to get everything i need?"
______________________ fill in the blank.
My fill in the blank: Becuase speculation says cryptos are the way of the future.
Forex and credit cards already do what crypto is trying to do.
Yes, it's really tough right now, since the industry is in its infancy. What I say is "get in on the ground floor. cryptocurrency solves many of the problems of the traditional financial industry, with faster payments and cheaper transaction fees. It's like buying Apple stock 10 years ago. No one knew then how valuable it would be today. And the reason I'm supporting UTC is that it is a second-generation coin, that resolves many of the issues currently found with litecoin and bitcoin. It's faster, and pays interest if someone holds it. It's the best of both worlds".
lite coin was second generation... all of these other scrypt coins 3rd gen. jane is 4th gen. sha3 512 could be considered 4th gen as well.
I agree crypto is in infancy, but with exchange values for fiat so high, i would imagine more people would take interest. I will support any coin that will has a purpose, i support BTC, LTC and UTC. My UTC support is waning. I support BTC cuz I can buy stuff with it. i support LTC cuz its the mother of all scrypt and I can exchange any crypto into LTC to be turned into BTC. I am the "here and now" with foresight of up to a month. Years can't be deciphered yet, too foggy. Again, credit cards are fast for transaction time. less than 8 hours in most cases, with instant posting of transaction within minutes of using the credit card. Transaction times are only a plus for MERCHANTS, back to square one. we need merchants.....
Well, I'm not saying that what I say to others is perfectly accurate (who defines what generation a coin is, anyway?), but it is pretty effective. I don't sell people on crypto because they can use it right away. I sell them on it as an investment, that can be used in the future. That argument has worked pretty well for me.
Saying all that, if they are new to crypto, I don't usually try to sell them at all. I give them a little in a wallet, and tell them to hold it, watch the market for a while, and don't day-trade it. And tell them to understand that it's as risky as penny stocks. Some pay off big-time, others will be worthless in 6 months. But you'd be surprised at how interested a lot of people are in crypto. They don't understand it at all, but they're intrigued.
Oh, and if they're a teenager, I give them doge.