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Author Topic: Altcoin is good. It’s hard to persuade parents to invest in it.  (Read 3694 times)
warg2017
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May 27, 2021, 08:11:14 AM
 #181

I had a similar experience like you, but the object is not my parents, it is my friends, but the result is also ended in failure, due to they all think cryptos are just scam even i try to explain very very hard. So now I'm just playing by myself and i have got used to it.

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Lantind
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May 28, 2021, 08:11:40 AM
 #182

I had a similar experience like you, but the object is not my parents, it is my friends, but the result is also ended in failure, due to they all think cryptos are just scam even i try to explain very very hard. So now I'm just playing by myself and i have got used to it.
Actually you don't need to do that to your friends even though your intentions are good and useful for them, but rest assured that not everyone likes crypto and thinks crypto is profitable, so from now on, just show them the results and if they want to learn Again, tell them that you are late, that's all.
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May 28, 2021, 08:19:44 AM
 #183

This is true because because has much as i want to teach my mom how to go about investing in crypto currency, explaining to older generations is really tricky because they dont understand much about computers and they think everything is a Ponzi scheme because they have been tricked out of their money one time or the order… only if you wont be the one handling the account and just giving them feedback 
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May 28, 2021, 08:21:57 AM
 #184

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?


Well, I also had the same issue with you, my parents also has trust issue with cryptocurrency.
and I think that is quite normal, because in our parents world, they dont even know what is cryptocurrency and this is our job to give them knowledge of crypto and make sure our parents understand.
But I think this task will be hard to do, especially in my case.

herurist
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May 28, 2021, 08:59:40 AM
 #185

because some people in your area are already comfortable in their zone where they already get the results of bond and real estate investments.
This is actually great if you want to be different from others and get out of your comfort zone by investing in crypto.
The problem is that before you introduce crypto to your family and people around you, you must first prove by your actions and success in crypto after that you can only invite people around you by comparing the results of crypto investment with investment which they choose.
it must be very difficult at first but if they have been given an explanation of the following crypto with the benefits gained I'm sure the people around you will start to glance and will even participate in it.
but you have to prove it with the results you get first

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matico
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May 28, 2021, 09:02:14 AM
 #186

Many people are not keen to learn, they are used to bankers doing the calculations for them on what they can earn on their fixed deposit and other investment plan that may not be in their interest!  It's surprising to know that people earn next to nothing on their deposit yet they despise Cryptocurrency where 100% profit is nothing to us!

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May 29, 2021, 10:30:09 PM
 #187

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?



I also think the same as you that it is very difficult to persuade parents to invest in cryptocurency. I have provided the best arguments and evidence to convince them, but all in vain. they reject outright, because they argue that cryptocurrency does not have clear rules or agreements that can make us lose money at any time.

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May 30, 2021, 11:57:44 PM
 #188

What you get easily, your father didn't, which means maybe you won't understand your children's language of future technology. Generation after generation people will understand more about our cryptocurrency. We shouldn't expect it in a few years. The best example is about our future. " I didn't persuade my parents, but I managed my uncle. But I could manage my father because my father trusts me, but he doesn't believe the stock market because of the fall down.

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May 31, 2021, 10:18:24 PM
 #189

the conditions you experienced were the same as mine when I persuaded my parents to invest in crypto. but my parents' reasons are different from yours. if your parent refuses because he prefers stocks then my parent has another reason because crypto has a high risk because the price is so volatile that he is afraid of losing when the price drops.and my parents prefer investing in gold.

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May 31, 2021, 10:25:52 PM
 #190

the conditions you experienced were the same as mine when I persuaded my parents to invest in crypto. but my parents' reasons are different from yours. if your parent refuses because he prefers stocks then my parent has another reason because crypto has a high risk because the price is so volatile that he is afraid of losing when the price drops.and my parents prefer investing in gold.

Why do many of our parents find it so difficult to accept cryptocurrency, because they are of different generations and most parents do not really
understand the world of the internet. Even my parents use smartphone technology that is still old school, and very rarely access the internet to
get information. So it is only natural that they prefer investing in stocks and Gold, rather than investing in something they do not understand.

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May 31, 2021, 10:38:09 PM
 #191

they argue that cryptocurrency does not have clear rules or agreements that can make us lose money at any time.
They probably don't know well about crypto. You need to be patient to ensure them by providing good information about crypto. They must be afraid to invest in crypto because they think it is illegal. If crypto investment/trading is legal in your country, show them the proofs. Once they know the proofs, they may change their perception about crypto and follow your offer to invest in crypto.
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June 01, 2021, 11:18:11 AM
 #192

They probably don't know well about crypto. You need to be patient to ensure them by providing good information about crypto. They must be afraid to invest in crypto because they think it is illegal. If crypto investment/trading is legal in your country, show them the proofs. Once they know the proofs, they may change their perception about crypto and follow your offer to invest in crypto.
Basically crypto investment doesn't need to invite anyone because it always has risks, and next is everyone who has negative thoughts about crypto, then that person doesn't need to be taught because he will always don't believe in crypto, so there's no need to offer anything in this case this.
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June 02, 2021, 10:36:10 AM
 #193

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 is very difficult to convince a person who does not understand the cryptocurrency market. They operate on proven investments. Although they are losing, they still know and believe. I also find it difficult to explain this. So that people are interested and at least start reading about it.

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June 03, 2021, 05:26:39 AM
 #194

Yes its hard to introduce and to explain what is crypto and what is the benefits to people around me. In my village that consist of more than 2000 people, only about 5 person included me who was make invest in crypto. They just thinking, crypto is similar ponzi scheme to scam people, because many cases of investment crimes using ponzi schemes in my country. Also because many people here is not familiar with stocks market.

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June 03, 2021, 05:34:36 AM
 #195

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?



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.

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June 04, 2021, 08:51:34 AM
 #196

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.
This is caused by a bad influence, because some people tend to judge badly for crypto without knowing it first, even though if they trace it very well, then they will always feel at home in crypto without having to think about the paths offered by others.
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June 04, 2021, 09:01:14 AM
 #197

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.
This is caused by a bad influence, because some people tend to judge badly for crypto without knowing it first, even though if they trace it very well, then they will always feel at home in crypto without having to think about the paths offered by others.
The first impression could be bad, that was usually what we heard and we can't force these people to think what we think, we know about crypto while they don't. People who have a limited idea in regards to crypto investment will simply and easily say it was a scam. And they live that kind of misconception until such a time that someone could prove them that they are wrong. This is similar to what happens to one of my friends but now, he'll turn back to me and started to ask about Bitcoin and altcoins.
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June 04, 2021, 10:12:26 AM
 #198

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 not only cryptocurrency alone, it is hard to persuade our parents about most technology or anything they don't understand. They usually like to keep things simple and invest in systems that have been proven over a long period of time. I will advise you to leave them to their believe and continue making your money in cryptocurrency.

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June 05, 2021, 10:36:34 AM
 #199

The first impression could be bad, that was usually what we heard and we can't force these people to think what we think, we know about crypto while they don't. People who have a limited idea in regards to crypto investment will simply and easily say it was a scam. And they live that kind of misconception until such a time that someone could prove them that they are wrong. This is similar to what happens to one of my friends but now, he'll turn back to me and started to ask about Bitcoin and altcoins.
Yes, and it's also almost similar to what I experienced in the past when I tried to invite my friend to know about cryptocurrencies and investments, he even refused and when I proved the results and showed him, at that time he wanted to learn about crypto but I just answered, sorry bro, you are late.
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June 05, 2021, 06:02:27 PM
 #200

Invest in altcoins man
CRPT is a great one
Long term holders know that waves come and go
The market is kinda overloaded
Still a good time to buy low
https://coinmarketcap.com/currencies/crpt/
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