How Do You Explain Cryptocurrency To Your Nigeria Parents - Family

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How Do You Explain Cryptocurrency To Your Nigeria Parents - Family - Nairaland

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How Do You Explain Cryptocurrency To Your Nigeria Parents by Yinksy09(m): 8:29am On Jun 24, 2022

We all know some parents still don’t believe in saving money in banks. Some still use the traditional means of saving while others have bank accounts but prefer to save using other means like Ajo.

Now how do I convince my parents to start trading cryptocurrency. Have you ever wondered what it'll be like trying to explain how cryptocurrency works to parents who don't already know about it?

They will say this one is another Ponzi scheme oo

What is the best way to explain to them and how hard do you think it'll be before they'll fully understand it?

1 Share

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by thorpido(m): 8:36am On Jun 24, 2022

You had better leave your parents with their Union bank accounts.

5 Likes

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by airminem(f): 8:44am On Jun 24, 2022

Tell them you have electric money in heaven

2 Likes

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by Samuelnze(m): 9:30am On Jun 24, 2022

Just tell them the little you can but don't forget to let them know the money multiplies.

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by tayo60(f): 10:18am On Jun 24, 2022

I wish to learn crypto too

1 Like

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by OctoberEleven: 12:29pm On Jun 24, 2022

Tell him it’s the future of money, and if you want to use a platform to demonstrate buying and selling, u can use Yellowcard, it has a simple user interface and very easy to use and understand for newbies

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by NoToPile: 2:09pm On Jun 24, 2022

thorpido:
You had better leave your parents with their Union bank accounts.

And Wema Bank accounts, laslas I ended up opening a Wema bank account too. grin

1 Like

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by thorpido(m): 2:14pm On Jun 24, 2022

NoToPile:

And Wema Bank accounts, laslas I ended up opening a Wema bank account too.

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by naija4life247: 2:20pm On Jun 24, 2022

My brother, don't introduce what will make your parents disown you when crypto crashes. I am talking from experience. My wife almost unmarried me grin

2 Likes

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by coputa(m): 3:54pm On Jun 24, 2022

NoToPile:

And Wema Bank accounts, laslas I ended up opening a Wema bank account too.

Wema bank is for south/west pensioners

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by Emma2Seconds: 3:58pm On Jun 24, 2022

COMRADE how long does it take to learn??

Yinksy09:
We all know some parents still don’t believe in saving money in banks. Some still use the traditional means of saving while others have bank accounts but prefer to save using other means like Ajo.

Now how do I convince my parents to start trading cryptocurrency. Have you ever wondered what it'll be like trying to explain how cryptocurrency works to parents who don't already know about it?

They will say this one is another Ponzi scheme oo

What is the best way to explain to them and how hard do you think it'll be before they'll fully understand it?

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by hexenbiest: 5:38pm On Jun 24, 2022

I'll have to show them how poor Naira is fairing against Dollar and educate them how saving money in crypto is protecting finances. Though it's easier said the done, but if they show interest, I recommend them to Yellow Card academy.

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by SMJay: 3:47am On Jun 25, 2022

tayo60:
I wish to learn crypto too

I can refer you to where you can learn.

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by SMJay: 3:47am On Jun 25, 2022

Emma2Seconds:
COMRADE how long does it take to learn??

it's all depends on you.

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by SMJay: 3:48am On Jun 25, 2022

Here’s my learning curve as a trader:

I started with indicators, then price action trading.

And for a few years, I thought that’s all I needed because after all, the price is king and that’s all I needed to be a profitable trader.

But that hurts my growth because I tuned everything else out (and limited myself only to price action trading).

When I realized my folly, I quickly went back to being a student of the markets.

So I asked myself:

“What are other winning traders doing to profit from the markets?”

That’s when I got exposed to trend following, systems trading, mean reversion trading, etc.

The outcome?

Today, I trade multiple trading strategies across different markets—which results in a smoother equity curve of my portfolio.

So the lesson is this:

You might be a profitable trader but, it doesn’t mean your learning curve is over because you’re always a student of the market.

Source: https://t(dot)me/ m y c r y p t o n g

1 Like

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by frozen70(f): 3:54am On Jun 25, 2022

Yinksy09:
We all know some parents still don’t believe in saving money in banks. Some still use the traditional means of saving while others have bank accounts but prefer to save using other means like Ajo.

Now how do I convince my parents to start trading cryptocurrency. Have you ever wondered what it'll be like trying to explain how cryptocurrency works to parents who don't already know about it?

They will say this one is another Ponzi scheme oo

What is the best way to explain to them and how hard do you think it'll be before they'll fully understand it?

Stay away from the little they have
They have been saving the way they have been before you were born

1 Like

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by Emma2Seconds: 10:53am On Jun 25, 2022

I wan learn am but I have not seen who will put me through.

SMJay:
it's all depends on you.

1 Like

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by Freelancerx: 9:39pm On Jun 26, 2022

OctoberEleven:
Tell him it’s the future of money, and if you want to use a platform to demonstrate buying and selling, u can use Yellowcard, it has a simple user interface and very easy to use and understand for newbies

this makes sense

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by poshestmina(f): 12:59am On Jun 27, 2022

thorpido:
You had better leave your parents with their Union bank accounts.

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by SMJay: 3:41pm On Jun 27, 2022

Emma2Seconds:
I wan learn am but I have not seen who will put me through.

Should I refer you to someone or a channel?

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by Emma2Seconds: 4:20pm On Jun 27, 2022

Which one will be better ??[quote author=SMJay post=114205608] Should I refer you to someone or a channel?[/quote]

3 Likes

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by SMJay: 4:24pm On Jun 27, 2022

Emma2Seconds:
Which one will be better ??

Referral because it will be one-on-one unlike channel it will be a bit crowded and strange because you are new. Drop your number

Re: How Do You Explain Cryptocurrency To Your Nigeria Parents by Rubyjade: 1:01pm On Aug 20, 2023

naija4life247:
My brother, don't introduce what will make your parents disown you when crypto crashes. I am talking from experience. My wife almost unmarried me

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