Cryptocurrency trading and investment has gone mainstream. People have been saying this for years, yet they still act surprised when a major company gets involved. For many, crypto remains a blind spot in their finance knowledge, something difficult to understand. Honestly, a lot of these people are our parents.

However, things are changing. People who didn’t know Bitcoin a few years ago now have a better understanding of its purpose. But since cryptocurrency evolves so quickly, it’s hard for casual followers to keep up.

If you’ve recently started trading or investing in crypto and are struggling to explain things, here are a few pointers to help clarify the situation for your parents or anyone still confused about Bitcoin and the Dark Web.

Bitcoin Is Not The Only Coin

Cryptocurrency trading and investment has become a mainstream activity, but let’s start with one of the most common misconceptions out there. A lot of people who don’t spend a lot of their time dealing with cryptocurrency still hold the belief that Bitcoin and crypto are the same thing. If you say that you’re checking to see how your crypto investment is doing, they will nod wisely and say “Bitcoin.”

Of course, we all know that there are many, many different coins out there these days, and we know that Bitcoin remains the biggest and best known. However, Ethereum has long been established as a formidable runner up and offers something really quite different. Bitcoin remains a form of decentralized currency, while Ethereum continues to be a tool for the development of a software development platform.

And then there are so many more, with companies both big and small looking to launch their own currencies. Maybe the best way to explain it to people who are struggling to understand is that Bitcoin is the MacDonald’s of crypto, and Ethereum is the Burger King, but that doesn’t mean that there aren’t a whole lot of other great burger places to choose from.

Trading Crypto Doesn’t Necessarily Make Your Information Vulnerable

There has long been a myth around crypto, painting it as something suspicious. This perception largely arises because explaining crypto to a novice often involves jargon. The idea of a decentralized currency also contrasts with traditional methods. Additionally, crypto is often associated with shady transactions that people want to hide.

However, this view is misleading. The blockchain ensures full transparency in crypto transactions. Each trade is recorded and cannot be altered or hidden.

There is, however, some validity to concerns about cybercrime. Reports of significant cryptocurrency thefts have increased recently. But context matters. Cybercrime surged during the Coronavirus pandemic as more people spent time online. Many of these people lacked proper security setups.

We are likely to see advancements in cybersecurity as companies focus on protecting assets. For now, it’s crucial for anyone trading online to protect their information and money.

It’s Not Just About Trading Anymore

Cryptocurrency trading and investment are expanding rapidly. As crypto technology evolves, new possibilities continue to emerge. Many people still view crypto narrowly, thinking it’s only for buying and selling. However, decentralized currency also enables decentralized finance. One exciting topic gaining attention is yield farming, offering new opportunities for investors and traders.

This has become popular due to the ease with which people can borrow or loan on crypto platforms. If you have crypto assets, you can borrow liquid currency, as they back up your loan. All you need is proof of ownership, and no identification or guarantors are required.

Your crypto is good enough. These lending pools offer smart contracts, but it’s non-custodial so you don’t need to give your digital assets to anyone. Some platforms are offering tokens to entice traders to borrow and loan with them, and becoming a lender is a great way to grow your digital asset portfolio. Unagii has been developing software to help you manage your yield with ease and expertise.

Cryptocurrency Is Still Not Going Anywhere

Cryptocurrency trading and investment has become a widely recognized activity, yet there remains a persistent misconception that it’s just a fleeting trend. Some people still believe that something will inevitably break, and we’ll all wake up from this “fever dream” to return to traditional financial systems. The volatility of the crypto market is often used as evidence for this claim. However, if you want to explain why cryptocurrency isn’t going anywhere, there are several key factors that demonstrate its staying power.

You can point them towards the fact that Morgan Stanley recently started allowing its high value clients to use cryptocurrencies, and that Goldman Sachs is working on a new crypto trading team. You can point out that PayPal, a platform renowned for its stability and security, has started allowing its users to trade crypto (with some conditions, in fairness, but it’s there). Additionally, numerous businesses—whether car dealerships or online craft and hobby stores—are now accepting Bitcoin as payment. This shift is a clear sign that cryptocurrency is becoming more widely adopted.

Now, governments around the world are still trying to figure out exactly where they stand on crypto and whether they should start introducing more regulations, but the idea that they would crack down with a ban seems extremely unlikely. We talked at the start about how crypto has been going mainstream for the last several years. That is not going to change anytime soon.