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

[Jaered]

Crypto is a neophytic fintech industry and most people, maybe 75% or so, can never wrap their heads around it. To some people its gibberish. Yet to some folks like us, its a walk in the park(assuming you don't stumble or fall into the many pits laid around by scammers and other bad actors).
The term in crypto is not used friendly and if you are not versed in tech terms, you would give up the interest. Those old folks don't get those terms, that's the truth

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[Lunafox]

A lot depends on demand in crypto. Now, the crisis raises and there is a big demand for lending platforms. Lending platforms are popular now and some people earn money on providing liquidity for lending platforms. New lending platforms appear now like this https://twitter.com/agiledefi/status/1451462447869710340

I agree that lending platforms are very popular now and in demand, but a lot of depends on the liquidity of the platform.
The more liquidity more users, the better conditions for users of the platform.

[Kodok Bencot]

Crypto is a neophytic fintech industry and most people, maybe 75% or so, can never wrap their heads around it. To some people its gibberish. Yet to some folks like us, its a walk in the park(assuming you don't stumble or fall into the many pits laid around by scammers and other bad actors).
The term in crypto is not used friendly and if you are not versed in tech terms, you would give up the interest. Those old folks don't get those terms, that's the truth

Right, this is a new type of fintech that is difficult to understand, I often tell about crypto to my co-workers and whatsapp groups, most of them find it difficult to understand and don't believe it because they think it's like HYIP or gambling, parents have strict considerations for spending money even for investment, Of course we have to think positively with them.

[TheMimic1]

It's only a matter of time, very soon crypto adoption will be accepted throughout the globe, crypto have did it finally giving hope back to the poor and wretched parts of the world, I've seen even kids becoming multimillionaires at very young age, NFTs, gaming, DeFI this is just the beginning, my advice? Don't force anyone

[geegaw]

Many parents are too conservative to want to understand cryptocurrencies. They are used to living their own lives and deny everything new and incomprehensible. Probably the best way to let them know that the cryptocurrency market is a great place to earn money, show your profit, withdraw it to fiat. This way it will be clearer for them and they will understand that money can be earned without leaving home.

It's normal when our parents age is more than 50, i'm not blaming them for being denial because they don't even get the digital knowledge when they was young so they would not know digital assets could be worth so much in this current era.
The only way is let them think their own way and don't ask money to them if we want to invest on crypto but earn it by doing airdrops or bounty then the rewards allocate it for further investment.

Their knowledge has long since rotted and is no longer up-to-date on the digital spheres, and their original investment channel is that of gold and real estate, sometimes I also try to express opinions and analyze these assets and tell them the disadvantages, my parents still criticize me heavily and realize I don't know anything then loudly. Allocating more crypto will only make them louder and more complaining about the troubles of digital, instead of listening to bad talk and quarrels in the family, it is better to have a plan with our own money

[Iminingpro]

A lot depends on demand in crypto. Now, the crisis raises and there is a big demand for lending platforms. Lending platforms are popular now and some people earn money on providing liquidity for lending platforms. New lending platforms appear now like this https://twitter.com/agiledefi/status/1451462447869710340

I agree that lending platforms are very popular now and in demand, but a lot of depends on the liquidity of the platform.
The more liquidity more users, the better conditions for users of the platform.

Liquidity is very important for every project. It is necessary that people would use the project and it will be in demand.

[alan228]

A lot depends on demand in crypto. Now, the crisis raises and there is a big demand for lending platforms. Lending platforms are popular now and some people earn money on providing liquidity for lending platforms. New lending platforms appear now like this https://twitter.com/agiledefi/status/1451462447869710340

Liquidity is very important for every project. It is necessary that people would use the project and it will be in demand.

It is necessary to constantly develop the project and add new services to increase the liquidity of the project.
The platform must be in demand to attract more users.

[Newlifebtc]

Op i will not agree that cryptocurrency is not popular this time, cryptocurrency popular but you can put people through is that bitcoin is not everybody that like to use it, many people today is using bitcoin because they know it will replace fiat soon, if bitcoin is not popular while government of country that honour bitcoin well is having problem with the people using it, today bitcoin is the currency that have name all over the world but some people will not believe my theory.

[Pelana vreo]

I ever persuaded my uncle to invest in crypro when Bitcoin price was still $10k in 2018, but he sold it out of fear of losing a lot of money (the crypto market was bearish at that time)
I had persuaded him to hold the coin for long term investment, but he didn't and sold Bitcoin for $8k, this time he was just surprised to see the Bitcoin price at $62k and he started buying other coins for long term investment.

Currently I have some friends who always participate in IDO on several platforms, I think it will grow and they will educate every friend to trade in crypto and earn profit.

[dupee419]

Really? well I think it also depends on the area, I was able to convince my parents right away, one factor is how your approach is, instead of persuading them, why not convince them and show them how valuable it is, show them a graph or chart, even if they're middle-aged citizens, I assume they can be persuaded through factual information.

[abralzain17]

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 think what your father is talking about is correct, investing in crypto has a big risk when compared to investing in stocks that your father did.
I think you'd better tell me in detail how to benefit from investing in crypto. I think your father because he doesn't understand so he doesn't want to take part and invest in crypto.

[NFTking51212]

Altcoins will have many more use cases than bitcoin and many people years later will use them unfortunately today it is difficult to see this potential and when it becomes reality, perhaps it will be less accessible.

[SarangWallet]

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 generally not easy to persuade anyone to invest in cryptocurrencies. So the first step to bringing people into the cryptocurrency space is education. You should focus on educating people about blockchain, the technology behind cryptocurrencies, its advantages and benefits, and why decentralization is the future if the global economy. If you can do this, then you don't need a lot of permissions to get anyone to invest in crypto

[superman184]

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 just cryptocurrencies, it's hard to convince our parents about most of the 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 would advise you to let them believe and continue to make your money in cryptocurrency.

[nikita2020]

A lot depends on demand in crypto. Now, the crisis raises and there is a big demand for lending platforms. Lending platforms are popular now and some people earn money on providing liquidity for lending platforms. New lending platforms appear now like this https://twitter.com/agiledefi/status/1451462447869710340

Now competition between cryptocurrency projects is so big that it is very important to continue to develop a project to win this competition.

In such conditions only the best projects will survive. That projects that really need for people.
It will be good if only useful projects will left.

[Lantind]

Now competition between cryptocurrency projects is so big that it is very important to continue to develop a project to win this competition.

Those who are developing also find it difficult to compete so they need to offer special programs and complete features for every development in the project, because it has become very mandatory now in winning the competition between projects.

[purka5]

A lot depends on demand in crypto. Now, the crisis raises and there is a big demand for lending platforms. Lending platforms are popular now and some people earn money on providing liquidity for lending platforms. New lending platforms appear now like this https://twitter.com/agiledefi/status/1451462447869710340

Liquidity is very important for every project. It is necessary that people would use the project and it will be in demand.

Now there is a big demand in lending platforms. It is good that thanks DeFi lending platforms creditors and borrows can choose the best conditions for them.

[Westinhome]

Altcoins is good for us if we know of which altcoins are worth to buy and hold it until the they increase the price so high. Actually there are lots of altcoins that we can persuade our family to invest on it, But the problem is our parent want to invest in crypto even do they now related on it, It was hard for them to persuade altcoins and they not know in the first place of what it is they invested. Must better to explain them about crypto before we asking them they want to invested in altcoins.

[letyouearn]

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 came to a knowledge that trying to persuade anyone to make an investment - is the road to hell. In the end you will be the one to blame here, trust me. Don't make people hate you for your good willing efforts

[bitzizzix]

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 came to a knowledge that trying to persuade anyone to make an investment - is the road to hell. In the end you will be the one to blame here, trust me. Don't make people hate you for your good willing efforts

Yes, sometimes good intentions will turn out to be bad or problematic if it doesn't go as expected even though our intentions are good, but we must be aware and also think about it because what we want to suggest has big risks even though it has very profitable potential.
I personally will leave it be, unless they ask for it and I will tell them and what I suggest is more risk than profit, so that when they are wrong I am not to blame.