First of all, I'd hope that my aunt won't find this post and even if she does, I hope she don't take it the wrong way because I actually learnt from her view and know better with my crypto adventure.
My aunt is a store owner, buys and sells goods, stays in her store most of the day and goes back home as early as possible to prepare dinner for her kids and rest for the next day's work.
It is like that for her everyday except on days she decides to take a longer break or have a party to attend or organise. She takes her business very seriously that anyone who comes in contact with her could tell easily.
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One of the many words she's told me in our business discussion is "I want money I can touch, not your coins that I can't" 😅
What prompt that discussion was when I introduced a coin to her for the first time after a few weeks into crypto. I was so much of a noob in the whole thing but I guess I believed in wealth creation through Cryptocurrency easily so I tried to get onboard my family and friends as well.
I was bad at explaining what I didn't understand well enough so that could have been a reason my aunt refused to see the light in what Web3 and crypto was all about.
I asked my aunt one time... "Pay In Cash or pay in Crypto", which would you prefer in this digital time?
She emphasised so much on how such money could vanish within seconds if her phone goes bad and no way to access it anymore. So why take the risk for her business when she could use the local bank and also get cash from customers.
Now that I think back to that time, I can't help but smile and give a nod that there's a truth in that. I had a friend who lost all crypto earnings within minutes because she lost the keys to access it. It was a painful time for her considering the amount lost.
Cryptocurrency is a blessing but a blessing to guard more securely!
We've seen and heard of a lot of cases where people lose tokens, investment profits and many get into good investments but lose all profits because of wrong predictions or even too much faith in a token. The world of Cryptocurrency is a risky one, there's almost no safe place in there.
It's a reason they say crypto investments isn't for the weak. My aunt is definitely the weak one according to this story I'll share.
I succeeded in getting her to buy some Tron when every crypto investor kept talking about it. She didn't buy much but she bought a lot more than I did as I wasn't earning any money then. We were all excited about the idea that we could sell those Tron at an higher price and gain more.
I thought it'd be like that until a month later, my aunt couldn't stop asking me for her profit from the token she bought 😅 she would ask me to check her wallet almost everyday and keep calling Crypto a scam and the only thing I could say back then was that she would get her money back.
It continued like that until Tron price went down to almost nothing compared to what we bought it at. It was one of my first bad investments and it got even more memorable because I carried my aunt along in it.
My aunt reminded me once again of her belief on physical cash payments and having her huge amounts saved in banks rather than getting involved with Cryptocurrency.
If it was now she said all that, I have better answers to give and they are quite simple and clear.
- Make good research before investing in a token.
- Invest what you can afford to lose.
- Have the understanding that you could lose or gain from your investment.
- Cryptocurrency is the future, get involved as early to learn it's ways.
- There's a platform called Hive that would help you grow a crypto portfolio without actually making investments.
These and many more I can add to my reply to her, I'm hoping I'll get the chance to talk to her about business again. She's a weak one but there are weak people still involved in Crypto today and are experiencing the benefits and losses in it.
Thanks for reading!