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

[Falconer]

You are very lucky because your parents are knowledgeable in stock trading, it is very natural that your parents don't want to get involved with cryptocurrency because of risk considerations, they prefer minimal profits over losses because all of that is done for the future economy of their children. There is no need to persuade him too much, just you are involved in cryptocurreny and continue your steps to achieve big profits so that your parents are happy.

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[iram3130]

I would suggest you learn from them and implement it in your crypto trading, it will be near to impossible to make parents understand about crypto and altcoins and their sudden growth. Most of the stock traders won't understand how to deal with crypto, especially senior citizens or parents. They all feel that crypto is something that is just a scam or not trustworthy.

[TheGreatPython]

it will be near to impossible to make parents understand about crypto and altcoins and their sudden growth. Most of the stock traders won't understand how to deal with crypto, especially senior citizens or parents. They all feel that crypto is something that is just a scam or not trustworthy.

Yeah, looking at crypto as a ponzi or scam is the most common misconception among elder people because these kind of technology innovations are something strange for them and when it comes along with their money things then definitely will never bother about learning anything out of this.

All these are due to the reason of they are already doing in comfort zone with respect to finance hence they may think like why should risk unnecessary with something new and complex.

[Luffygroove]

what do you expect?. Of course, it's near impossible lol. There are many pieces of research that have done (you may google it) and the result shows that most investors in cryptocurrencies are millennials who have the bravery to take a high risk to invest and love to take instant way to get rich, meanwhile boomers aren't like that. They're more cautious in using their money to do such investments, reluctant to change and most of them aren't tech-savvy, so yeah don't expect too high with them. By the way, please invest your cold money. Don't risk money you can't afford to lose.

[kidbounty]

sooner or later everyone will invest or even use it. So it doesn't matter if they currently refuse, there will be time for them to start. most importantly, always provide an understanding of crypto, bitcoin, blockchain and altcoin. tell them about the benefits that can be obtained from this technology. explain also about the importance of decentralization, so I'm sure they will understand.

[bonyaserg]

Personally, I think that investing in cryptocurrency is an amazing way to make amazing profits. There is no need to go far into investing in cryptocurrencies, even many of my peers who do not even know and do not want to hear about cryptocurrency do not believe. And these are people who just don't want to do this. So it all depends on the people themselves. It can be an elderly person or a young one. Investing will be carried out by those people who need it or like to make a profit in this way.

[oemar bakrie]

maybe it's like a goldfield in front of the eye but the family does not support ..
but all of that is just a factor of patience if you want to be a winner and get lots of results.
in my opinion parents don't have time to see a lot of coins now so they are not interested and are looking for a safe point..

[BitcoinPanther]

Be careful not to try to entice your family and make them fall victim to this market. If you do not think this market is an opportunity to convince, then prove to them that I think they may look back after seeing this market grow crazier. I used to advise my mom to buy btc since 2017, but my mom told me it's stupid, but now my mom is also an investor in this market, so please be patient. Then they will also see good things from this market.

I agree, there are lots of new investors who lost a lot of money because they are too excited in joining the trend.  They invest their hard earned money without studying the possible risks involved on their action.  One should think twice and have a deep research before jumping in a somehow unstable market so that they can at create a risk management plan to minimize their possible losses.

[bison]

maybe it's like a goldfield in front of the eye but the family does not support ..
but all of that is just a factor of patience if you want to be a winner and get lots of results.
in my opinion parents don't have time to see a lot of coins now so they are not interested and are looking for a safe point..

that's why today the crypto market may be filled with teenagers who want to get rich quickly.
But most of the people who come to invest in the crypto market are people who are used to investing in the stock market who are starting to see the potential of the crypto market. from their group, I think older people are also there but I am sure they will be more active just to follow what their community or group suggests.

[Xcode7]

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?

I agree, I have often provided understanding to my parents about crypto investing and invited crypto investing, but he is still not interested and prefers property investment. because it is true, they have not yet felt comfortable in the realm of technology or crypto, plus they do not understand and do not follow current technological developments. and if at this time I was invited to invest in property by him, maybe I don't want it yet, because I don't feel comfortable in the realm of property.

[Bay_Harbour_Butcher]

It's great if your parents also invest in the crypto world, but never force them, because we as young generations, of course, understand more easily about crypto than parents, if you want to invite your parents to invest, then you have to explain it in detail. so that they understand and do not carelessly invest in crypto

[Kabul]

I totally agree with you. It is very hard to change middle-age mind because they are quite obsolete and stubborn. They believe that they have lived long enough to trust their guts without hearing what a younger people say. I used to advice my parents to join the crypto world when I was a high school student. And it was useless, not only that, I was blamed for not being concentrated on my lesson and they told me to get rid of bitcoin or anything related.

But right now, they feel regret not listen to me.

[LittlePrinceCat]

I totally agree with you. It is very hard to change middle-age mind because they are quite obsolete and stubborn. They believe that they have lived long enough to trust their guts without hearing what a younger people say. I used to advice my parents to join the crypto world when I was a high school student. And it was useless, not only that, I was blamed for not being concentrated on my lesson and they told me to get rid of bitcoin or anything related.

But right now, they feel regret not listen to me.

Some people feel regret not to invest in Bitcoin but they curse those people who has invested in Bitcoin to lose all the money.

[Golftech]

It's great if your parents also invest in the crypto world, but never force them, because we as young generations, of course, understand more easily about crypto than parents, if you want to invite your parents to invest, then you have to explain it in detail. so that they understand and do not carelessly invest in crypto

Your parent's trust is really easy to achieved if you'll provide detailed information about the investment that

your are engage with, and yes, never to force someone to invest without any knowledge about the venue or

market that they'll going to place thier money.  Be sure to work with them in anyhow, they'll follow once they

fully understand everything.

[Alert31]

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?

Middle-aged people are very strict when it comes to investing. They prefer to invest there in what they are sure and have know very well. If they don't know about something or not familiar with, like cryptocurrency, then, it's really difficult to persuade them to invest in crypto. Much better to introduce cryptocurrency to them and educate them first slowly on how to invest on crypto and how to earn from it. It was digital so be prepared to understand and explain to them about crypto patiently because for sure they will not believe you at first. They should understand how a digital currency works.

[Vatimins]

     Investors, specially those who are well experienced in the traditional ways will never invest in this kind of industry since they have been used to the old ways which they have already familiarized themselves and are very comfortable with. What's worse is that in some olaces people's minds are so closed and uneducated that even stocks and currency trading are no different than bitcoin in their eyes and see all of them as scams or ponzis. Ignorance is really preventing innovation in so many ways.

[ringgo96]

Just like me to be able to convince parents to teach how to invest in Cryptocurrency. they refused saying it was a scam. I have given the explanation in a simpler way, but they still don't understand. Nowadays, when the media has reported a lot, finally they are starting to be interested in learning what cryptocurrency is. and how to invest. for new people moreover they are less visionary will inevitably think negatively

[fullhdpixel]

Property is the most preferred investment for parents because according to them investing in property such as buying a plot of land will be safer without risk and can be passed on to posterity later.  although crypto can also be passed on to our children and grandchildren, the risk of loss is greater than real investing in property.

That is because they have got practiced to those kind of investments and definitely they might need more time to understand and adopt new technologies. I'm seeing already that kind of changes are happening among aged people hence I hope these changes will continue.

Nowadays, when the media has reported a lot, finally they are starting to be interested in learning what cryptocurrency is. and how to invest. for new people moreover they are less visionary will inevitably think negatively

Yes, media must be playing vital role on convincing new people to adopt bitcoins and other cryptocurrencies. It is kind of basic belief among all people if something is covered by main stream media then the possibilities for that to go wrong is very less. At the same time, people just do not start believing into media but what they have been hearing among their friends and known people and the same thing is being talked on media then they will start believing.

[lxiaoh]

Haha, now the responsibility that make your family rich rests on your shoulders. Plz take it and let your dad is proud of you.
Some sane people dont like to invest in something they dont know, i am also this kind of person. So i think if you wanna your dad invest in crypto you must be let he knows what is crypto, teaching he at first.

[Ezravdb]

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?

Maybe the way you deliver it doesn't interest your parents or your family. Because I managed to persuade my family to learn about crypto and in the end they became interested in investing in crypto. Some people or the community around you, of course, have never heard of crypto, so it takes hard work to persuade them in various ways, such as providing information about the sophistication of crypto or some of it.