Influence is the main thing that you need. When you put your money into the banks you are pretty much investing into the bank and you hope they don't collapse or have any problems. Your money is in their hands and you can't do anything about it. Like how in the cryptospace you have exchanges. You can leave your coins in exchanges but in reality they are no longer yours as you don't have the private keys and they hold them.
It is amazing to see how your dad is starting to get into crypto. It really does put a smile on my face and the more people we get involved, the more popularity, leading to more investment and all in all a more stable market.
We just need to accumulate and take advantage of this time before things go to the next level sooner or later @surfermarly haha
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I try to avoid that. I use these exchanges only as a transfer medium and don't hold any coins there.
Thanks for your encouragment and support!
Have a great day :)
'use these exchanges only as a transfer medium' --> YES