Cryptocurrency presents one of the most promising investment vehicles for people of all ages. However, there has been a lot of misinformation regarding cryptocurrency that has made many potential investors shy away.
The inability to access credible information has made some people dismiss investing in crypto and instead opt for the traditional investment options that they consider safe and stable. With the right information, people would appreciate the opportunities brought about by crypto and probably invest in them.
With over 106 million people across the world using cryptocurrencies and the number set to increase exponentially in the coming years, you don’t want your friends and family to be left out.
Show – don’t tell
Talk about the practical side, not just theory. When most people hear about crypto, they imagine a complex system that they cannot master. Showing your friends and interested family members the processes involved in investing in crypto will go a long way in demystifying the whole issue.
In trying to encourage family and friends to invest in crypto, you should start by showing them how you have invested and the value you have gotten from the investment. After this, follow up with real lessons on the steps to succeed in crypto investment.
When they have already seen that one can actually earn from crypto and it’s not just a big conspiracy, they will probably be attentive to learn more about it. If they do take an interest, make sure you are there for them to help them get started by creating a wallet on a trusted exchange platform, such as Your Friendly Crypto Exchange.
Stay away from overly-technical terms at first
Describing crypto investment using technical terms can make the audience lose track of the explanations. The effect of this would be that the audience will lose interest in the subject, making it difficult to convince them to invest in something they do not comprehend. To capture their attention and imaginations, you should use simple language that resonates with them.
Pay attention to their feedback
In addition, make sure they are engaged throughout the whole explanation and they are not bored or just listening out of politeness. When talking about investing, you can ask questions seeking to determine whether they are following along.
Demonstrate the extensive uses of cryptocurrencies
Moreover, you can use the flexible characteristic of crypto as a key selling point to family members and friends who may be reluctant to invest in it. Individuals can use cryptos in the same way as credit cards allowing the investor to use the money any time they need it.
Easy access to money is one of the key concerns for people who intend to invest. Being aware that they can access their investment whenever they want, along with many other advantages this digital asset class offers, is sure to get their attention.
Encourage them to search for additional resources
In addition to the above tips, encourage your friends and family to read informative content on the IXFI blog, like the Crypto Fundamentals series. You can’t teach them everything, and that’s okay – especially seeing as IXFI puts a huge emphasis on education.
What do you have to gain from this?
The major benefit would be for them because you would be helping the people you love understand something new that could become a huge part of the future of finance. This way, they won’t wake up scared and confused in a more decentralized system.
Besides the sense of accomplishment that comes from helping those around you, you’ll also build your own community with a shared interest, made up of those you know and love already. This common interest could make your relationships stronger and your conversations more interesting.
No man, or woman for that matter, should be left behind. We’re all getting ready for a more financially stable future, free of central control from banks or governments. Join IXFI and be part of the change by accessing advanced features in a user-friendly and secure way.
Disclaimer: The content of this article is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial and fiscal circumstances.
Although the material contained in this article was prepared based on information from public and private sources that IXFI believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and IXFI expressly disclaims any liability for the accuracy and completeness of the information contained in this article.
Investment involves risk; any ideas or strategies discussed herein should therefore not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial and fiscal objectives, needs and risk tolerance. IXFI expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.
