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

[Lantind]

It is indeed difficult to give advice to those who have already made negative assumptions about cryptocurrencies, especially for those who often get losses rather than gains from crypto, even though if they want to be more patient and learn from the losses they experience, it can be used as a warning not to do so. the same mistake

Yes, but everyone always has different thoughts and different egotism so they tend to defend their own ideas rather than listen to advice from others, so don't waste your time on such people.

[ven7net]

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 you do not need to convince anyone to invest in cryptocurrency, as there is another better way. I learned this method when I was working in the network business. And so this method is that you just need to invest in crypto yourself, wait for it to grow, make a profit and just share the result with people. This is the most effective way and very quickly motivates people to invest in cryptocurrencies.

[Cryptonian717]

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?

Ask your parents to do their due diligence and walk them through what a token is, how the project develops based on it etc.

A good place to start would be explaining to them what a private sale is then an ICO/public sale, then what it means for the token to be listed, what dictates the price, and what affects it. The last part is very similar to the stock market, however crypto is less regulated and people still abuse it.

That being said consider diversifying your portfolio. Allow 30% of your total investment to be a backup investment which you spend on upcoming projects (in the ICO phase) but do stay away from meme/hype tokens as the risk is too high.

What i did personally:

Btc - 40%
XRP - 18%
Cardano- 21%
Elrond - 7%
total - 66% in existing tokens

I then split my investment into the following projects
Ethernity CLOUD - 10% - i bought in during the presale - minimum investment was 5,000 USD
Lanceria - 4%

[Ureung jameun]

not everyone is difficult to persuade a family to take part in crypto investing, because every investment will be promised benefits. if we can show you proof of the profit we have made from crypto then family members will definitely be interested in participating in crypto investing. and here your father has already invested in stocks so that it is difficult for him to accept other things such as crypto. because he has studied stocks before crypto. And I'm sure your dad is comfortable with investing in stocks anda bonds.

[coin-investor]

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.

You cannot blame them the Cryptocurrency market has a high risk and the market is very volatile, you cannot blame our old folks for investing in real estate and stocks and bonds that will not yield them big profit but a steady flow of income, those who can afford to invest in Cryptocurrency are those ready to take the risk and understand the market situation.

[Chato1977]

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.

You cannot blame them the Cryptocurrency market has a high risk and the market is very volatile, you cannot blame our old folks for investing in real estate and stocks and bonds that will not yield them big profit but a steady flow of income, those who can afford to invest in Cryptocurrency are those ready to take the risk and understand the market situation.

And they have small knowledge about the technology since they live in actual or physical life for all their time.

but if we will show them the benefits in actual attitude then they may consider also investing in this market.

and besides there is no rush , let them be eventually .

[Kiley33]

Although everyone likes to make money and invest, the field you choose to invest in is what you know.
If investing in a field you are not familiar with is too risky and they will not invest, you can first let them understand cryptocurrency and understand how technology works. Let them trade with Bitcoin。
When they study, they can focus on high-quality altcoins in the short-term, but if they want to invest in cryptocurrencies in the long-term, they still recommend Bitcoin.

[flyeers309]

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 just wanted to tell you that money is a sensitive thing for everyone and also where they will invest. My mindset "invest in something you understand", when you don't understand and have no confidence then don't do it. This may also experienced by your dad, don't force someone to invest in a platform that they don't understand where their assets will go.

[john_nautica]

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 just wanted to tell you that money is a sensitive thing for everyone and also where they will invest. My mindset "invest in something you understand", when you don't understand and have no confidence then don't do it. This may also experienced by your dad, don't force someone to invest in a platform that they don't understand where their assets will go.

That is a good principle in investing, to invest in something that you fully understand. Any investment entail risk, and cryptocurrency is among of those with high risks due to its volatile nature. It is understandable as well that older generation are not that fond of crypto unlike with younger generation as it is also closely related in understanding with the utilization of technologies.

[Darktongue]

Definitely we won't accept our future when we become the middle of Old. What could be a good reason to take a risk during our middle age? My friend's father doesn't want to take risks when a friend agrees to do as my advice. But I can manage to do it because my target is fixed. Although I gave them some results from my experience. Overall, I take risks because of what I can afford to lose.

[Mihawk]

Yes, it's difficult to persuade people used to a way of thinking to replace that way of thinking. The thing to do for the moment is to continue to invest yourself and be silent as you make a profit and to reinvest that profit until you get a sizable amount and then surprise your parents. Don't miss out on opportunities because your family is not interested. Time will make your father change his mind.

[molsewid]

not everyone is difficult to persuade a family to take part in crypto investing, because every investment will be promised benefits. if we can show you proof of the profit we have made from crypto then family members will definitely be interested in participating in crypto investing. and here your father has already invested in stocks so that it is difficult for him to accept other things such as crypto. because he has studied stocks before crypto. And I'm sure your dad is comfortable with investing in stocks anda bonds.

You're right about it mate because there are also some adults that were open minded when it comes in adopting to new technology. They may hard to teach but some of the parents were confident to lay their money to their child to invest it in an investment which they may are not really familiar and it is because they have a trust to their child. But there are also some adults that is hard to pursuade. And at some point we are all have individual differences and different poin of view.

[Handsome Boy]

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.

but in my opinion for now cryptocurrency is very popular in all circles, because in my country many parents who invest in stocks have started to invest in cryptocurrency too, it's just that they have not dared to invest in altcoin and only chose to invest in Bitcoin, because they feel Bitcoin is the safest and most profitable.

[OZmaster]

Yes, it's difficult to persuade people used to a way of thinking to replace that way of thinking. The thing to do for the moment is to continue to invest yourself and be silent as you make a profit and to reinvest that profit until you get a sizable amount and then surprise your parents. Don't miss out on opportunities because your family is not interested. Time will make your father change his mind.

I wouldn't like it very much if my parents invested in alt coins unless they are rich and can carry the burden of losing everything. Making decisions for others especially when money is involved is complicated in my opinion. Losses feel much harder than if it is your own money. Of course you are happy when they can make some nice gains, but if that doesn't happen it feels awkward.

[caryoscar]

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?

Vitalik Buterin; January 31, 1994, Russian Canadian, computer engineer, co-founder of Ethereum

Gavin James Wood, April 1980 (age 41),Dr. Gavin James Wood is an English computer scientist, co-founder of Ethereum and creator of Polkadot and Kusama

Sam Bankman-Fried,Sam Bankman-Fried is the founder and CEO of FTX, a cryptocurrency exchange

Andrew Cronje (born 15 May 1984),Andre Cronje : Founder of Yearn.finance | #2 | Cointelegraph

Justin Sun  Founder of Tron, CEO of Bittorrent, Inc. Born in July 1990.

From the above content, we can also see that digital currency is the product of the new era, but the real wealth in the world is in the hands of the people of our parents’ era. Traditional stocks, funds, financial management, and industries are their investment fields, so investment Habits are hard to change, and time can only be used to convince them. This is normal. For example, Buffett, no matter what the reason, is definitely related to age and habits. He does not deny that he is still the god of investment.

[Lantind]

Not everyone likes crypto. Sometimes you can change their mind sometimes not. Luckily I was able to and since then I've had a ton of altcoins. My favorite one at the moment is KuCoin.

For those who don't like crypto, that person doesn't need to be ignored because crypto doesn't need people who have negative thoughts, so just show the results to people who don't like crypto, so they see that crypto can give good results and not lie.

[Ratash]

Yes you are right its the same problem in my country and more importanly crypto is not popular and a big portion of the population does not know about it plus our parents are are not fans of technology and you are right eth is worth the risk and is a long term investment.

[James Smith@686]

It is best to invest in a field that you are familiar with and research, otherwise,it is easy to fall into the trap. If your parents are senior investors in the stock field, do not invest lightly before you really understand altcoin. The risks and returns are equal.

[Lantind]

It is best to invest in a field that you are familiar with and research, otherwise,it is easy to fall into the trap. If your parents are senior investors in the stock field, do not invest lightly before you really understand altcoin. The risks and returns are equal.

For those who have experience in certain fields, it is indeed good to do something more useful because everyone will only explore what they already know, after that they will explore what they don't know through investment.

[criket]

It is best to invest in a field that you are familiar with and research, otherwise,it is easy to fall into the trap. If your parents are senior investors in the stock field, do not invest lightly before you really understand altcoin. The risks and returns are equal.

For those who have experience in certain fields, it is indeed good to do something more useful because everyone will only explore what they already know, after that they will explore what they don't know through investment.

but not all parents will do that. It's a little harder to explain investing in the stock or crypto market to parents. they will be more interested in gold and investing in real assets.
but some of the parents, actually become interested in the crypto market when they see their children make money from crypto investments. Of course, it all depends on how we explain it to parents.