You are viewing a single comment's thread from:
RE: The Best Way To Invest In Crypto Is Now Circle Invest - Noobs or Experts. Instantly Buy Crypto No Fees!
I think I feel sad about it. If one needs grandmom compatible app to get into crypto, it means s/he knows little about it. And its bad idea to invest into something you dont know about.
For assets that are long only (can't be shorted), more buyers => higher demand => higher prices.
As long as theyre not using leverage, and theyre only investing money they can afford to lose, and they want to invest in crypto, then grandma -friendly tools are a good way to go.
Yes, obviously not too many Grandmas will be investing into Crypto or even the stock markets for that matter but as the saying goes for a tech to catch onto masses it needs to be "Grandma friendly" LOL.
Yea "grandma-friendly" tool makes for better marketing than "even an idiot could use it" tool.
As you mention below, the lower the barriers to entry, the more transparency, the safer the environment is. Of course, no one wants to make it easier for criminals to launder money, but more transparency usually deters criminal activity.
Well in my surroundings I've heard people selling their cars and houses, taking pensions from their grandparents and putting it to cryptos with a dream to get rich quick. And they haven't heard a word "blockchain" at all, or price technical analysis for that matter. Knowing that there already been suicides in the world because of such investments, it just doesn't feel right :(