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?
We are both in the same situation. Though here in our country, people now are recognizing cryptocurrency. Yet they are very eager and aggressive to learn and invest. Though my family are not yet convinced and they thought it was all scam because they think it is too good to be true. During desperate times, because of this pandemic, our family struggles in our everyday living. And the only thing that I think that will help us to earn big is to invest in crypto. But they are very hesitant. Anyway, it's their money, their life.