My friend interested in investing in BTC but the friend's father does not agree

[2Pizza410000BTC]

I will mention some things for everyone which is very important and based on your suggestions I will suggest my friend to invest on Bitcoin or prohibit not to invest on Bitcoin.
We were some friends passed higher secondary in 2019, among them one of my close friend who is in govt job but he is not into Bitcoin even he has no idea about this forum.
An important thing to tell you is that in the country we live in, all types of cryptocurrencies including Bitcoin are officially banned and anyone involved in illegal transactions is subject to severe penalties.
As my friend works in government job and gets a good amount of salary with various bonuses and allowances at the end of the month and has quite a good amount of money left over after expenses. When I gave a positive idea about the present and future of Bitcoin, the friend showed great interest in Bitcoin and expressed interest that he would invest a certain part of his salary in Bitcoin at the end of the month.
But when the friend's father found out about this, he forbade him to invest in bitcoins and later predicted that he would be banned by the government and that he would have problems with his job. Yes but it is true that there is a possibility of loss if the government staff comes to know about this investment during government office.

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

[Z-tight]

If BTC is truly banned in your country and it is illegal to have it, then the safest advice to give is not to use it. BTC is permissionless and your friend can probably use it secretly, but i don't think the risk would be worth it if he is caught, it is up to your friend to decide if he is up for the risk; but he has to avoid any centralized crypto service and buy only through p2p exchanges or in-person trades.

[Upgrade00]

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

Bitcoin does not take attention away from his job, it's just the potential issues of handling a banned asset especially while working in the government that banned it.
You don't bear the investment risk so you cannot ask your friend to invest or not, you can only give your opinion; Mine is that if the risk surpasses the potential return, then it's not worth it. It's very possible for someone to hold Bitcoin while maintaining their pseudoanonymity, but your friend might not be that experienced.

[Aanuoluwatofunmi]

Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

Don't ever make the mistake of advising someone to quit his job jist because he's investing on bitcoin, bitcoin is not a monthly or weekly salary scheme you can guarantee him, you can advise him to learn bitcoin and know about it but let the final decision on this be from his own end, it is better to stay yourself clear off any form of trouble that might come through this later in life which may result in you both having a misunderstanding through the advice you had given, let him know that bitcoin is volatile and rises and falls, let him sort out any family issue he's having with his father alone, it's not on every issues you can be found responsible for someone.

[shivansps]

I will mention some things for everyone which is very important and based on your suggestions I will suggest my friend to invest on Bitcoin or prohibit not to invest on Bitcoin.
We were some friends passed higher secondary in 2019, among them one of my close friend who is in govt job but he is not into Bitcoin even he has no idea about this forum.
An important thing to tell you is that in the country we live in, all types of cryptocurrencies including Bitcoin are officially banned and anyone involved in illegal transactions is subject to severe penalties.
As my friend works in government job and gets a good amount of salary with various bonuses and allowances at the end of the month and has quite a good amount of money left over after expenses. When I gave a positive idea about the present and future of Bitcoin, the friend showed great interest in Bitcoin and expressed interest that he would invest a certain part of his salary in Bitcoin at the end of the month.
But when the friend's father found out about this, he forbade him to invest in bitcoins and later predicted that he would be banned by the government and that he would have problems with his job. Yes but it is true that there is a possibility of loss if the government staff comes to know about this investment during government office.

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

This is his choice. But we must take into account that he violates the law and if he is caught, then he will probably lose his job, allowances and suffer punishment. While it is not certain that the money he invests in bitcoin will bring more money in the future. He can become a rich man, or he can lose everything. If this activity is prohibited in your country, then no one should have known about it, including his father or anyone else. Very high price. Good work should be valued. It's still not clear what you mean by "severe penalties"

[_BlackStar]

An important thing to tell you is that in the country we live in, all types of cryptocurrencies including Bitcoin are officially banned and anyone involved in illegal transactions is subject to severe penalties.

Don't force your friends to invest in bitcoin and any crypto if your country doesn't legalize it. Ask him to invest in other assets that can potentially provide him with returns - that includes gold and property for example.

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

You don't have to take responsibility for other people's investment plans, including your friend's - but you can suggest a few things if it could potentially cost your friend financially or otherwise, such as losing a job. You can't expect your friends to be able to stand up to the government when they ban all of you from investing in it.

[Kelvinid]

...
But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

I don't think there is a need for your friend to worry about investing while working because he never spends much time on Bitcoin as a simple glance into his account and the market is enough. In fact, it will just consume a few minutes and it was done, and even if he's been trading, still okay how much more if he is just buying Bitcoin and holding it.

But this gonna have to say to your friend, told him to do more research and analyzed his situation before investing.

[Plaguedeath]

Your friends need to learn about privacy, he need to use Tor to browse anything related to Bitcoin because using local ISP or VPN will track your friend real location. He must avoid any centralized exchange and only use Bisq to trade. The best way to store his Bitcoin is using cold storage created by himself, he can use Electrum. It's not a good way to buy a hardware wallet since he will get a problem when the expedition report his package.

He also need to avoid talking about Bitcoin to his family especially his father.

[Findingnemo]

If holding bitcoin is officially banned by a government then I should not suggest you to trade bitcoin because it may lead to legal consequences as well as he may lose his job. But if he still interested in the potential of Bitcoin's future then he can become HODLer and there are platforms like BISQ which is completely decentralized and non KYC p2p so you won't connect your identity while buying bitcoin from there.

[Eternad]

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

If Bitcoin is illegal on your country with sever penalties then what’s the sense on investing on Bitcoin if you can’t use it freely? I mean you can’t convert, transact or purchase using it since P2P will be very dangerous for both party because a police can disguise buyer and seller to entrap you.

Your friend is already earning decent money from his job salary. I doubt choosing a risky path will be a better choice here instead of doing what he is currently doing right now.

[lovesmayfamilis]

I think he should listen to Dad. If your friend is still dependent on his parents and informs them about his every step, then you should not break the law. You can guess that his parents are very law-abiding people.
I wonder if you, as a friend who breaks the law in your own country, do not arouse his suspicions. If he works as a civil servant, he must choose between friendship and work, reporting to the authorities.
But seriously, why is your friend, who seems to be old enough, consulting with you? Can't he read? The best thing you can do for him is to bring him to the forum and let him understand and figure out how and why he needs Bitcoin and whether he should break the laws of the country.

[acroman08]

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

you should make him rethink the decision he is going to make and make sure that he understands the amount of risk he is going to take if he ever decides to invest in Bitcoin while being in your country. Investing in Bitcoin, he isn't just risking losing money but also risking his job and getting fined if caught by the authorities. I fully understand why the father is against it.

[Renampun]

...

I live in a country that prohibits Bitcoin and Altcoin trading and violating it will incur a fine, but here I still trade and invest in Bitcoin. I won't be afraid if the police approach me, because I think the transactions I make are still reasonable and I don't use Bitcoin for other purposes, only for trade and investment. so I think it's safe.

so as long as you only trade and invest in Bitcoin it doesn't matter, even when your country prohibits it, because you have done nothing wrong, unless you use it for criminal purposes, it is wrong. that's why many people still trade and invest in Bitcoin in China even though Bitcoin is banned there, because they haven't committed any criminal acts and the police are too tired to take action against them.

[Rruchi man]

I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

Be careful of the kind of advice that you give to your friend. The situation is a sensitive one and unless you want to end up being blamed for any outcome you need to be careful and at this time refrain and stop giving your friend any further advice on this situation.

Since your friend works in the government and earns well, there are other kinds of Investments that he can engage in, and you should let him know. If among the many options of investment he still chooses bitcoins and chooses the option of going against the wish of his father then that's his choice but let him do it out of his own free will and not under pressure from your advice.

[Fiatless]

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

From the information you gave Bitcoin is banned in your country. Which means owning it or using it for any transaction is a criminal offense. You have to obey the law of your country and abstain from owning Bitcoin. Owning Bitcoin might not affect his job because he might just be a holder and not a trader but you identified that it might lead to the loss of a well-paying job which is his major source of income. I will advise that he focuses on his job and search for other viable sectors where he can invest his money. This is because he might be unlucky to be caught by the police or other agencies which might lead to severe sanctions. Maybe in a few years, your government might change its stance on bitcoin which will make Bitcoin a legal currency and investment.

[Darker45]

You appear to be from Bangladesh. And I've read that Bitcoin is indeed illegal in your country, but there are users here who are also from your country and are into Bitcoin. And I haven't heard of anybody getting arrested or fired from their job because of it. I don't know how the ban on Bitcoin is implemented, but I remember there's even a Bitcoin coffee shop there despite the ban.

I guess you just have to be discreet and quiet. After all, you're fully aware that it's illegal. But your friend doesn't have to choose between his job and buying Bitcoin. He certainly can have both.

[salad daging]

Let your friends choose for themselves without involving you again as an advisor who introduced them to bitcoin, you have to get out of the zone if you don't want to involve you later because of mistakes made by your friends.

As a government worker, he should already know that his life is guaranteed, especially with those who oppose his father, he doesn't agree, so he has to listen to what his father says, because investing is not only in bitcoin, but also other important assets that provide profits every year.

With a country that prohibits bitcoin, this will be a risk, especially as a government employee, even though he can invest secretly, let him decide for himself, what we choose is his choice, including the risks he faces.

[Pandu Geddon]

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

when he has become more mature and can manage his finances, then free your friend of his choice. you just need to suggest what is the best and worst Bitcoin investment. but looking at the regulations in your country, as you said. of course, it increases the risk for you and your friends who choose Bitcoin. moreover, there is also a ban from your friend's father. I think there is no reason to oppose parents. besides, if your friend likes investing, there are other assets. there is no need to create trouble in our environment. just do what we can do.

[GideonGono]

If it is illegal in your country then I understand why the father is against investing on it.
It might be a good investment but being illegal and risking your life for it, I don't really think that it is worth the risk even though it would be hard for them to trace it or track you.
It would be safe for your friend if he is using offline wallets to keep his investment so there wouldn't be any information linking his/her personal information.

[isaac_clarke22]

~

Assuming this thread story is indeed real, it would depend on the contract that your friend had signed. Not sure about each government employee contracts, but surely there were never such clauses regarding that unless, just like others mentioned in here, there is a ban imposed in crypto in your country.

I don't think that your friend will be found hodling crypto anyway unless he's like the "feeling influencer" or "feeling like Elon Musk" kind of celebrity.