Post
Topic
Board Trading Discussion
Re: Do you encourage friends and family to invest in crypto?
by
peter.from.penn
on 12/03/2018, 19:30:13 UTC
I will put it this way, I'm trying to promote cryptocurrencies and Bitcoin but I don't encourage others to invest. Think that it's too risky to play with other people's money. Besides there are also other ways to get the crypto and to use it.
So far I have learned that there is no use of forcing people to something but you can help them with honest and quality information.

Yes, there are other ways to use cryptocurrencies other than trading.  If you're only buying to transfer money, and not holding as an investment, there is little risk.  But we need easier ways to exchange cryptocurrencies and Fiat.  Most people don't want to bother with all of the KYC requirements to open a Coinbase or Kraken account.  The only other option is for major retailers to accept cryptocurrencies.