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Author Topic: Altcoin is good. It’s hard to persuade parents to invest in it.  (Read 3640 times)
Lantind
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June 07, 2021, 01:53:41 PM
 #201

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/
What you say is good,
but I wonder why you always suggest coins with a rating so far from the top that not many people even know about the coin in the crypto space?
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June 07, 2021, 07:24:03 PM
 #202

have you seen the current market conditions ?? This is a condition that everyone is worried about if they want to invest in cryptocurency. now there are many people who have lost their assets in just 1 day. and cryptocurency carries a greater risk than trading with stocks. so I did not dare to persuade my parents to invest in crypto because I know that in crypto there is a high risk.

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June 07, 2021, 09:03:30 PM
 #203

~
It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
At least you have tried to show that there are other investment alternatives with good opportunities.
Your father and other people who prefer investment tools other than cryptocurrencies are not wrong, everyone has a different view, has a different risk tolerance, it's not good if forced. Respect your father's decision, and focus on developing your investment, if your father is interested then you must be ready to be his guide Smiley

have you seen the current market conditions ?? This is a condition that everyone is worried about if they want to invest in cryptocurency. now there are many people who have lost their assets in just 1 day. and cryptocurency carries a greater risk than trading with stocks. so I did not dare to persuade my parents to invest in crypto because I know that in crypto there is a high risk.
that's why I always say everyone has a different point of view. there are those who like challenges because of the promising fast profits, there are those who prefer the safe path even though the profit growth is slow. everyone is right - in their own way by holding self-control, and understanding the risks

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June 07, 2021, 09:14:57 PM
 #204

People hesitate to invest on cryptocurrency thinking of its volatility. At the same time if one has experienced small profit out of the investment, then the mind will never look for stocks. Most of the stocks were preferred, because of the predictability of assured profit in the long term.

With cryptocurrency the predictability isn't possible precisely and that looks like a risk for these people.

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Lantind
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June 08, 2021, 05:48:59 PM
 #205

People hesitate to invest on cryptocurrency thinking of its volatility. At the same time if one has experienced small profit out of the investment, then the mind will never look for stocks. Most of the stocks were preferred, because of the predictability of assured profit in the long term.

With cryptocurrency the predictability isn't possible precisely and that looks like a risk for these people.
If people hesitate to invest in cryptocurrencies because they think about its volatility, then why is the cryptocurrency world growing so rapidly from year to year? did it happen by itself without involving many people or investors?
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June 10, 2021, 12:04:47 PM
 #206

Many people dont like the risk of investment but they want to gain high profit, they dont understand if high return is always in high risk. In my town, people who have alot money is prefer to buy house and gold for their long term investment. Also they want to have real instrument investment, not digital that can be have other risk, that is stolen via online. That why here, Bitcoin and others crypto is not popular yet, because they just ignored the truth many people getting rich from crypto.

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June 10, 2021, 02:41:54 PM
 #207

Even me at first. I ignored my friend that is talking to me about investing to it. And as my personal point of view, I think, they will only go for it if they already saw a result. As my personal experience, my parents don't support me in investing to it after explaining to them all of it. That's why I move myself to find opportunities where I can add money to my portfolio. Luckily, when my money grew, they believed me. And they are the one who asked me. And now, they are already supporting me investing to it.

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June 10, 2021, 03:06:02 PM
 #208

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?


That's right, there are still many close family members like your father. They prefer to be in a safe zone, making a profit that may be a little but he does not lose a large amount of money. It's a bit of a hassle to open the mindset of those who are still afraid of risk. But it can be tried by investing 50 percent of their capital with bitcoin and the rest of the shares, we'll try to survive 1 year which one is more profitable. And they themselves will judge based on the results
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June 10, 2021, 03:07:29 PM
 #209

I was not able to persuade my mother in my last two conversations with her. And now she will spending some time with us in my house that I might be able to give her a chance to get to know more about cryptocurrency. I was able to find some video I can show her and some of the exchanges I use. Maybe this will be my last chance to show her everything I got about crypto before I can call it quits or give up on her. Hopefully she would be able to convince herself to invest as well.

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June 10, 2021, 03:25:32 PM
 #210

It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
IMHO, basically it's normal because most middle aged people are not very up to date about technology and they don't want to try new things because maybe the previous doctrine emphasized more stable investment options like gold.

In the case of your parents, I think he knows that crypto is very volatile compared to the stock market and prefers to continue investing in stocks because the fundamentals can be seen in the eyes where crypto is completely on the internet. Besides, maybe your dad is afraid of losing his assets because he has various dependents and payment to be paid so I think it's quite rational but you're not wrong to try convicing your dad to invest on crypto.
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June 10, 2021, 05:51:25 PM
 #211

Indeed, persuading people to invest is very difficult.  Moreover, we invite people who are not familiar with Altcoins.  But give them knowledge about Altcoins in detail, so that they understand about Altcoins.  If they already understand and know Altcoins they will definitely be interested.  If they are already interested that's where they start investing little by little.  So they become the best investors.
If they have already invested they have already quit all they want is profit after profit on each of their investments.
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June 10, 2021, 09:17:52 PM
 #212

No doubt,Investing is risky so follow a rule never put all eggs in a box.Also believe in the experience parent if they know about the crypto otheris do your own research to get positive results.Donate a full presentation to the cryptocurrency and its risks.Maybe your guardians will deny to contribute, but it is more than attempting to persuade them to form it.Always follow a coin with great vision and professional team,avoid to buy SHITCOINS just believe in coins having great vision.

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June 17, 2021, 11:46:44 AM
 #213

No doubt,Investing is risky so follow a rule never put all eggs in a box.Also believe in the experience parent if they know about the crypto otheris do your own research to get positive results.Donate a full presentation to the cryptocurrency and its risks.Maybe your guardians will deny to contribute, but it is more than attempting to persuade them to form it.Always follow a coin with great vision and professional team,avoid to buy SHITCOINS just believe in coins having great vision.
True, the advice you say is very suitable to be tried and taken slowly, because persuading parents is a difficult thing so it takes time and its own way, because not all parents are the same, as well as choosing coins, should always avoid Shitcoins and pick up the coins that have strong volume and vision.
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June 17, 2021, 12:04:09 PM
 #214

No doubt,Investing is risky so follow a rule never put all eggs in a box.Also believe in the experience parent if they know about the crypto otheris do your own research to get positive results.Donate a full presentation to the cryptocurrency and its risks.Maybe your guardians will deny to contribute, but it is more than attempting to persuade them to form it.Always follow a coin with great vision and professional team,avoid to buy SHITCOINS just believe in coins having great vision.
True, the advice you say is very suitable to be tried and taken slowly, because persuading parents is a difficult thing so it takes time and its own way, because not all parents are the same, as well as choosing coins, should always avoid Shitcoins and pick up the coins that have strong volume and vision.
we can't force our will, because if there is a failure it can make bad relations with parents. but if you really focus on the long term it will be better and hope they can enjoy process

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June 17, 2021, 02:55:13 PM
 #215

Most times it's really difficult to persuade people who is used to a particular pattern of life to adopt a new system especially when it's completely different from what they have known all their lives. I feel the only way to convince your dad is to invest in cryto make some real good money show him the returns on investment and with that he would like to join the train

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June 17, 2021, 03:03:17 PM
 #216

Yes, it's too hard persuade parents to invest crypto, this is a new thing, it is difficult for parents to want to invest in crypto because of the high risk, especially until now there is a lot of negative news about crypto, parents will certainly choose safe investments such as property, gold, stocks and so on.


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June 17, 2021, 03:11:01 PM
 #217

It's good that you suggested. It's all you can do. Whether or not to invest their money is their choice. Even though they are your parents, its their money and their choice. If they don't invest even after your persuasion, you can just get the stats and make them realized what they missed for not hearing you. And best of all, invest your money in what you believe in. Your investment success would have better persuasion power.



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Rainbot
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June 17, 2021, 03:33:18 PM
 #218

Many people dont like the risk of investment but they want to gain high profit, they dont understand if high return is always in high risk. In my town, people who have alot money is prefer to buy house and gold for their long term investment. Also they want to have real instrument investment, not digital that can be have other risk, that is stolen via online. That why here, Bitcoin and others crypto is not popular yet, because they just ignored the truth many people getting rich from crypto.

Sometimes people don't hate the risk I mean people are loved to have an investment but they are just being afraid of how big or small the risk they will going to take in terms of investment. We can really find it hard to persuade our parents or the older one to invest in cryptocurrency because simply they don't have enough knowledge to invest or even how to deal with it. Second, sometimes those old ones were not literated enough with the new technology and lastly they just want a passive, sometimes consistent income form their investment.
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June 17, 2021, 03:39:10 PM
 #219

Yes, it's too hard persuade parents to invest crypto, this is a new thing, it is difficult for parents to want to invest in crypto because of the high risk, especially until now there is a lot of negative news about crypto, parents will certainly choose safe investments such as property, gold, stocks and so on.
they have full confidence in real assets. crypto-assets are not a convincing choice for old-fashioned parents.
but I saw some middle-aged people chatting with their colleagues about crypto investing. this is related to their stock investment which has not been good lately.
that means that parents who are willing and interested in investing in good altcoins are those who really understand how the investment financial management system is. those who used to be entrepreneurs or employees may find it difficult to introduce them to investing in altcoins.

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June 17, 2021, 04:00:43 PM
 #220

Yes, it's too hard persuade parents to invest crypto, this is a new thing, it is difficult for parents to want to invest in crypto because of the high risk, especially until now there is a lot of negative news about crypto, parents will certainly choose safe investments such as property, gold, stocks and so on.
- Indeed, physical assets and those such as stocks that have a guaranteed base to be the favorite choice of parents, some families in developing countries also have a better mindset about crypto but it is an undeniable fact that failure in this portfolio is never small, sometimes it takes years to find a profit and not for the amateurs. If we were explaining crypto to them, they would respond by explaining gold and other options that are more appropriate and secure, this new investment model and way is probably only stable at the younger levels


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