Altcoin is good. It’s hard to persuade parents to invest in it.

[LittlePrinceCat]

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?

[Fesatmas]

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?

[jrrsparkles]

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.

[akgandalf]

Especially traders who are interested in their own country's stock exchange are not very interested in crypto money. A lot of people are interested in crypto when they hear about people making money from right to left. In the bull market, most people hear about crypto, but when there is a bear market, no one is left.

[doomloop]

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 agree it is difficult to convince anyone who are not at all having any previous knowledge about cryptos. But you must try to convince your dad for investing into bitcoin rather other than any other altcoin. Because, there are possibilities for most altcoins to get failed including ethereum, BNB or any other coin whereas bitcoin having 99% certainty on getting us good returns in coming years.

So, I believe it will be better if you try for bitcoin as I'm seeing there are possibilities for your dad to get convinced for the case of bitcoin investments.

[hatshepsut93]

Your parents are correct, investing in shitcoins is too risky. Even buying Bitcoin in bull market is risky, you're either get rich quick, or get poor quick if you buy at ATH and it enters bear market. The best time to buy Bitcoin is in bear market, because you can be almost 100% sure that once a new bull cycle starts, the price won't fall to such lows ever again. You can't say the same about alts that can crash to the ground at any moment.

[livingfree]

I guess so.

But there's no need for us to pursue and push others even our relatives to invest in crypto. They have to understand it first before investing not only that we've encouraged them.

I understand your dad if he's into traditional investments because that's pretty normal. He don't want to test the waters but maybe someday he'll change his mind.

[Cappex]

altcoins will have many more use cases than bitcoin and many people years later will use them unfortunately today it is difficult to see this potential and when it becomes reality, perhaps it will be less accessible.

[DatKing]

Altcoin market is good also but it's not valid for every single altcoin. Because nearly 90 percent of these altcoins are just shitcoins and one should really be careful before investing into them. Doing a good research about the projects is very important.

[inanilujimi]

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.

[Reosta_]

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.

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.

[agustina2]

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.

[Hamphser]

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
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.  

[Ridwan Fauzi]

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.

[shinratensei_]

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.

[TimeTeller]

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.

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.

[CryptopreneurBrainboss]

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

[Luqman]

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  

[JeffBrad12]

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.

[laredo7mm]

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.