Quote from: SarangWallet on Today at 05:45:12 PM

Quote from: LittlePrinceCat on April 27, 2021, 04:56:42 PM

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?

In theory it might be difficult for me to persuade someone to invest in crypto without knowing how it works, the risks and benefits they will get. Some risks that potential investors need to know, I would suggest Stablecoins so they know how to profit from holding altcoins like the top coin list on CoinMarketCap.

Not just theory, but it would be extremely difficult to persuade someone to invest in something if he does not have knowledge of it, unless you explain it to him in such a way that he is convinced that he will invest. People are more cautious about investing these days, so they will seek knowledge before investing unless they are completely trusting you, in which case they will invest because they have complete faith in you.