How to explain ETH to my parents?

So in October I convinced my parents that ethereum was a good investment (banks would use it in the future etc). They invested $20,000 and now its dropped almost 50% and they are wondering how its doing. How do I explain what happened to it? there was no particularly bad news announced so I dont know what to say to them. Please help

damn

>and they are wondering how it's doing

Its their fault for being uneducated about what they are investing in

lie lol

Good. Now you're going to learn a lesson you'll remember for the rest of your life.

Tell them they have invested in magic money and like magic on stage, it likes to make things dissapear. Don't forget to add a ba dum tss sound effect at the end.

hacks
when did they invest lol?
also show them this

tell them it's volatile and bitcoin (which is digital gold) is currently doing better than their ether (which is digital oil)
it's volatile and it's early stages where it's really far away from it's real future value
also i hope you learned your lesson you stupid underage banned

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.*

*except when retards write bad contracts that negatively affect investors

You still have 10,000. Short ETH or LTC with leverage on Poloniex and you might get all your money back and then some. Other than that you could just convert it to bitcoin and wait 5 years. I've heard worse stories, like the kid that bought BTC over 1000 and sold it like at 200 or whatever.

THIS, BIG TIME
Also, more importantly, don't act as if you're qualified to give financial advice, when you aren't.

You're very much allowed to take risks with the money you have, no matter what, that's your money. If you're right, you can win big, both with your family and yourself. If you're wrong, you lose your own money, fine, but even worse, you have to explain to your parents what an idiot you actually are. How awkward is that, btw?

Welcome to real life, friend. Learn the lesson. Lesson: Keep it to yourself, and let someone else take the blame. Don't risk money you can't afford to lose. Don't give people advice who aren't able or willing to do their own due diligence, especially if you're not making money off of it or don't care about them. You just blew their trust COMPLETELY.

Wow. Hope it works out in the end. Sheesh.

Whoops, I got too negative. I mean "especially if you care about them."

Blood is on your hands, you're a moron. Never give investment advices to people, that's called bullshitting. You will have to make 100% sure they understand the risks and can lose all.

oh by the way i literally did the exact same thing with $3000
but made it all back before they asked about it
>yea it hasn't moved much
is what i told them

With family, 100% isn't enough. You just don't do that. You can make suggestions, but let someone else pull the trigger. I just had my father-in-law clean my boiler today. In spite of him offering and insisting to do it for free, we forced him to take $100, as I would anybody who would have done the task, so that there is no imbalance in our relationship. You never know when a situation will arise when you need to provide no leverage. Stick with strictly business, even with family, and this would never have been a problem.

If the turkey tastes a little weird next Thanksgiving, and you have a decent life insurance policy, spit it out. All I've got at this point.

But give a lesson. That wasn't a good idea, was it? Had no gains or losses, you lucked out. Was the risk worth it? Give him something to nibble on.

>It's like stocks and the market for it went downhill

well im not exactly sure how the technical analysis for these things work but you can see that the current level it's at is a point of support, and has been for many instances, you can even see that a few months prior it broke that point of support but came right back, so you might not be completely fucked, there's a chance that it might bounce back up to either the initial buying price or might even go up to the point of resistance and you might see a nice profit. maybe, maybe not, you may be completely fucked user

wtf is ethereum and why would 2 mature adults be retarded enough to give a 17 year old 20 grand to "invest"? seems like they got what they deserved. next time, spell it E...T...F... when buying from the broker