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Author Topic: Altcoin is good. It’s hard to persuade parents to invest in it.  (Read 3641 times)
LUCKMCFLY
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November 25, 2021, 02:45:46 PM
 #361

I believe that with enough crypto adoption from many countries these days, convincing our parents to invest in crypto shouldn't be a problem. The problem is that, we try to make them understand almost every single aspect like Blockchain, DeFi, Staking, Farming, Launchpool, Metaverse (now), etc., but the real fact is that, they are interested only in making money. So why not show them some results after investing very small amounts by yourself and tell them that if they'd have invested in the same tokens you did, wouldn't they make the same or even better profits based on their investment amounts?

I think that it is much easier to convince parents when they have a high financial education culture, and for those who do not, it is better before speaking to recommend or give them a book that educates them, on how the financial markets move, the effect whales have, or how a certain speculator or investor faces the market according to their criteria based on a difficult scenario, or if you have enough patience to explain that to them and then explain how the BTC economy moves, which has an ingredient difficult to handle as is volatility. And maybe the voltility is what makes many not like it, it is normal.

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November 25, 2021, 09:09:03 PM
 #362


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

To increase liquidity some DeFi platforms offer several liquidity pools that users will have better condition and will be able to choose what conditions are better.

It is very important to have a project with big liquidity pools to provide enough liquidity for functining of the project and its good work.
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November 26, 2021, 08:29:01 PM
 #363

It is very important to have a project with big liquidity pools to provide enough liquidity for functining of the project and its good work.
Well, it's not only about the liquidity pools and their volume but as well as the use case and function of the project itself. These markets are provided by these pools for them as a start.
But if there's no control to the project and they're not doing good and only depends to the liquidity pools that only makes them reliant to that market but with their own use case, they can't function well.

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November 27, 2021, 04:08:21 PM
 #364


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

For lending platforms, liquidity is very important. To increase liquidity promotion is necessary.
Now there is a big demand in lending platforms and the price of their tokens continue to grow.

A lot of people take loans. Also, a lot of people earn money on providing liquidity. That is why lending platforms are so popular.
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December 04, 2021, 03:00:58 AM
 #365

DeFi lending platforms are popular because they are useful. The price of DeFi tokens grow because there is a big demand in them and many people use DeFi platforms for loans or to earn money on providing liquidity.
But over time it will become a very common thing among cryptocurrencies especially if there are a few shortcomings that will be found in DeFi, because every thing that has many advantages, of course there are one or two drawbacks in it.
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December 04, 2021, 03:37:17 AM
 #366

It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
Absolutely! My relatives don't believe either in crypto nor in any types of investments.Even conservative bonds or stocks of big and fundamental companies seem to them to be scams. They have worker mindset that means that they think that it is possible to earn money only when you work hard. Actually, I lost any hope to explain them how to have passive income and bring them over.



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December 04, 2021, 01:39:25 PM
 #367

My parents only know about cryptocurrencies because of television and as you understand they don't consider this a good solution because they don't want to use these technologies.
Personally I don't try to impose cryptocurrency on them because lately I have little free time.
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December 04, 2021, 02:45:01 PM
 #368

It's true what you say, it happens often. This may be because parents are less open-minded to Bitoin and existing technological developments. Especially with Bitcoin which is known to be volatile and has a high risk, but I think all investments are also risky. In fact, if they can think more openly about Bitcoin this can be very profitable for them.Slowly maybe they can accept it over time.
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December 04, 2021, 03:01:38 PM
 #369

It’s hard to persuade those middle-aged people to invest in crypto. Do you think so?
Absolutely! My relatives don't believe either in crypto nor in any types of investments.Even conservative bonds or stocks of big and fundamental companies seem to them to be scams. They have worker mindset that means that they think that it is possible to earn money only when you work hard. Actually, I lost any hope to explain them how to have passive income and bring them over.
I think the problem is only time.
For now, it is very natural that there are still many people who are not convinced and do not believe in crypto because indeed regulations and the role of the government are still very passive in terms of crypto, so they still do not fully believe in this.
But over time I think your brother will see how important this is especially when government regulations on crypto are clear then everything will get better

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