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

[Baihaki Khaizan]

I believe that, because I have also invited my friends to invest in crypto currencies, they used to think with limited reason that investing in the crypto world would not last long and were hesitant because in the past there was a lot of misinformation that was always directed at crypto currencies.  and now they are more and more convinced and have started to like cryptocurrencies.

[m. yasir]

I once asked my parents to invest 1.4 Eth, but at that time Eth's price fell down to its lowest point. my parents were not strong enough to hold it so they decided to sell it so we incurred a sizable loss of 50%. If we are still maintaining the ETH, maybe we can get a 500% profit.
When investing, we really have to need a good analysis in determining the right time to buy and sell so that we don't lose.

[Farma]

In fact, it is very difficult to explain it to our parents who have no knowledge of crypto. My parents at first did not believe that money could be made from cryptocurrency. Then when I cash out some money and showed them hard money, they believed. For this they have to give proper knowledge first.

the answer is simple, they have never known this before, so they become hesitant and afraid to learn about cryptocurrency. however, most parents will be very wary of the types of investments we offer, as they also have their own perceptions of investing and fraud. however, it all depends on how you can convince them to learn about this.

[ILuckyGuyI]

Altcoins are good only if you choose the one to invest into wisely. Because there are so many scam projects available in the market which I don't even know the number. I think the best thing to do is going for altcoins like BNB, ETH etc. .

[MUG1WARA]

I think cryptocurrency is still not that popular around the world, maybe the only 30% know about bitcoin and cryptocurrencies , also parents like sticking to what they know and they are old fashioned, it's just like how Peter schiff prefers investing in gold over bitcoin, parents like stocks and gold etc and all those are old fashion investments, It will be better if you just educate them about cryptocurrency so they can have an idea and invest in it.

[tianglistrik]

I believe that, because I have also invited my friends to invest in crypto currencies, they used to think with limited reason that investing in the crypto world would not last long and were hesitant because in the past there was a lot of misinformation that was always directed at crypto currencies.  and now they are more and more convinced and have started to like cryptocurrencies.

Yes, the best way to invite family, relatives, colleagues or even investors is to prove to them what we have produced in cryptocurrency. And of course we also have to use the role of big figures who have plunged into cryptocurrency to convince them. If indeed they are still not sure, I think our role is enough to get there and it is enough to continue what we have started in cryptocurrency

[Lantind]

Altcoins are good only if you choose the one to invest into wisely. Because there are so many scam projects available in the market which I don't even know the number. I think the best thing to do is going for altcoins like BNB, ETH etc. .

Yes, but I think this kind of thing also doesn't need to be explained repeatedly because many have said it in the past and even in the days before BNB became the trend it is today, now on this topic everyone is discussing and discussing about advising investments to our respective families, which we certainly know which tokens are good to invest in.

[k@suy]

In fact, the right knowledge cannot eliminate the antiquity and classical thoughts of the previous generation, people believe more in a business investment, a stable job, what is not seen with normal eyes is a difficult thing for them, especially with new technologies, parents' ability to absorb is really low. Leading the generations ahead will have huge disagreements about opinions, we should control these to avoid major complaints and stumbling in views of life, knowledge expansion is no longer necessary here, maintaining perspectives and proving success will be more important

Simply people who are older than us are believe in hard works, what i mean with hard work is a work related with physical activity, working with the use of strength and mind, typical going to an office rendering an hour job per day to be able to accumulate a certain amount to invest in real properties, stocks or putting up a business or putting in an invest where they can check upon to see the progress.
They can be persuade to invest but believe me you would try your best to make them understand why they would invest in crypto.

[Lantind]

If you want to invite your parents to invest in the crypto world, that's actually a good thing, because it can help make crypto an alternative to asset diversification, but before investing, you have to make sure your parents really understand crypto, and explain that too. Crypto risk is different from other investment risks, because crypto risk is bigger but the profit is also bigger

What must be discussed first is an understanding of crypto that must be explained to our respective parents, no matter whether it is good or not, because every investment with a long-term goal in terms of making a profit, it's all good to work on, but if people don't understand about it, then he could only remain silent without being able to do anything.

[Zulkifli BI]

difficult to persuade parents because parents have different knowledge from us. but it is very easy to persuade him if the parents have knowledge that suits us. So your job is to be able to unify your knowledge and that of your parents so that you have the same understanding. if you can't do it then your efforts to persuade him will be in vain.

[Kez1817]

It’s really hard to attract people of old generations like your parents because they will stick to what they already know and are used to. Also not all people knows about crypto already. If you are going to tell them to invest in crypto, you should consider to teach them first or introduce cryptocurrency to them. After that you can persuade them little by little.

[ogundowotoby01]

The first step to persuading any body (especially our parents) to invest in cryptocurrency, is to first teach them what the technology is all about and how it works. When they fully have a good understanding of everything then you can convince them to invest in it.

[kotajikikox]

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?

How can you define the term "BEST TOOL TO EARN MONEY" , Specially Altcoin? do you know what you wanna say here mate?

This is a trading platform for those knowledgeable and not just a random people that you wanna put their money here and risk.

Your Dad knows Stocks and maybe he wasn't lucky till this time , and like us here inc rypto not all got luck and profiting every time.

But the best thing is how we handle our trading and how we trust our holdings.

[Lantind]

The first step to persuading any body (especially our parents) to invest in cryptocurrency, is to first teach them what the technology is all about and how it works. When they fully have a good understanding of everything then you can convince them to invest in it.

Teaching people who are older than us is not as easy as you say, moreover they are people who have raised you from childhood to adulthood, you have to use a slightly different method because what we teach is not a child.

[kak uli]

I think it's only for those who don't understand cryptocurrency which is difficult for us to persuade to join in it, but for people who understand it and understand how to trade cryptocurrency I think they have their own desire to join. well, therefore, before persuading to join, you should provide an understanding of crypto for those who want to be invited to join or invest in crypto.

[Lantind]

I think it's only for those who don't understand cryptocurrency which is difficult for us to persuade to join in it, but for people who understand it and understand how to trade cryptocurrency I think they have their own desire to join. well, therefore, before persuading to join, you should provide an understanding of crypto for those who want to be invited to join or invest in crypto.

Yes, and that only applies to ordinary people or people our age, but for people who are older than us or even for our own parents it will be a little difficult to understand, especially they still lack understanding of today's technology.

[imstillthebest]

my family loses the chance to become rich since my dad does not invest in crypto.

you are part of thier family and your family still have the chance because you are investing in crypto but theres people that became succesful in investing before the crypto came out . your dad also have the chance but it could be slower

It means that
It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?

i guess no because we have many middle age investors in crypto . its not with the age but its the persons willingness .

[Expecto]

It is true that it is hard to convince middle-aged or older people to invest in altcoins. It isn't even easy to convince them for BTC.    These kind of people generally are not very fond of new technologies. And as this is a totally different monetary system, they're afraid to try it.

[bahagia93]

An experienced investor will not put his money in anything they themselves don't know and don't understand. If you want to make them invest in crypto, then someone must teach or at least explain the work systems and technology that exist in crypto and the potential that is in it.

Yes, experienced investors will always find out before investing in anything that is offered by others, because usually they will not immediately believe in anything new and never take a rush in any investment.

[nrvasquez]

It’s really hard to attract people of old generations like your parents because they will stick to what they already know and are used to. Also not all people knows about crypto already. If you are going to tell them to invest in crypto, you should consider to teach them first or introduce cryptocurrency to them. After that you can persuade them little by little.

What's more, crypto is very volatile, and I'm sure most of the older generation doesn't quite like assets or investments with high fluctuations, because most of them tend to play safer even though the profit will be less.