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

[ImThour]

So if he's getting the money from his father who is not interested, no need to force them to invest. Your friend should start doing some gigs online or if he's young enough to get an actual job, go for it and invest out of it. And meanwhile, keep telling his father about the benefits of Bitcoin and what decentralization is and how it's saving people in country where the inflation is sky rocketing. Good Luck!

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[Asuspawer09]

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?

Actually, it's his father's advice I men it wasn't really bad advice since we know cryptocurrency as a risky investment I think if bitcoin or cryptocurrency is banned in your country it's probably a good idea not to invest since you might get in trouble investing unless you actually know what you're doing and know how you can access hide everything.

Yes, We believed in Bitcoin technology, and we believed that Bitcoin is a great investment but it's not for everyone you can't just buy Bitcoin without considering a lot of things. I mean maybe you could have intensive research first on your country's law and find a loophole in it. There are surely some ways to it but it's still not a great idea just for investment, he's just a newbie so just make sure to not get him in trouble just because you wanted to share Bitcoin with him that wasn't a good idea, its better not to invest on Bitcoin if your gonna get in trouble with the authorities.

[Fullcoinese]

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 it is clear that Bitcoin is prohibited in your place and is an illegal activity then it will be very risky for the work of your friends who already have established positions in the government. remind your friends that Bitcoin is not the only investment asset, there are still many investment assets that can be taken, of course, investment assets that are considered legal where you live. risking a stable job is not worth it in my opinion if he is found to be an offender and eventually gets fired from his job.
but if he insists on continuing to invest and taking existing risks then you must continue to guide him as you do, like it or not you are actually involved with the decisions he makes.

[TelolettOm]

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.

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.

These are 2 strong reasons to stop his investment. Although he is safe now because the government doesn't know it yet, how if the government knows it? He probably gets a trouble with the law and he also may be fired from the job. He also must regret it since he doesn't follow his father's suggestion. So, if I were him, I will stop my investment. Of course, it is very sad to lose the chance of investing in a potential asset such as Bitcoin. However, the safety of someone is more priority than potential profits.

OP, can I know the detail of the ban on crypto in your country. Does the government ban every activity related to crypto? Or do they only ban crypto as a payment tool? If the government only bans it as a payment tool, it is okay to utilize Bitcoin as a digital asset.

[Dr.Bitcoin_Strange]

Well, a good citizen of a country is always law-abiding, but when it concerns Bitcoin dealings, some citizens become stubborn because they know the future benefits they can get from Bitcoin investment (pardon me, I said something like this yesterday). So, the ban on Bitcoin might be harsh in your country, but like I always say, everything should be done with a good application of knowledge. You will ask, "What do I mean?" Bitcoin investment is not like gold, where you will need anyone to hold it for you; it's not even any kind of investment where you will need to sign some documents under any authority. If your friend really wishes to buy bitcoin, first let him buy those bitcoins from a decentralized exchange; he should avoid a centralized exchange, which will require him to pass KYC and even save his IP address. Secondly, let him download the Electrum wallet and use it to store his coins; he can even uninstall the wallet after generating it and copying down his wallet phrase on paper. He should duplicate the wallet phrase in four places and keep it in a safe location that will leave no trace. Then he can just save his public wallet someplace so that any time he buys Bitcoin, he will just send it to the wallet. If he's doing this, it should only be in a place where he's alone, preferably at night. The investment information should not be communicated to anyone unless you and him for the main time.

Also, if your friend thinks that without the job, he will suffer, then obedience is better than being stubborn, for the consequences can be very hurtful.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[n0ne]

Give respect to father, because he is the one who cared you throughout and made you reach the position working in a government job. People don't easily understand the concept and the market behind the term cryptocurrency. It will take time, but try to convince. When you find this is no more gonna get positive result the best choice is to buy him little bitcoin and store in a wallet on his phone and ask him to have a watch on the variation happening. Surely he'll realise the need as well S understand well about the technology that can make change in the financial system.

[2Pizza410000BTC]

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.

My friend's father is a retired school teacher and has great respect for the law. My friend's father is afraid that his son's career could be damaged if the Bitcoin investment gets out and there is any legal trouble. With these things in mind, my friend's father won't let him invest in Bitcoin. But my friend is very careful about the law and he will invest on Bitcoin. But if he can protect the privacy, there will be no legal trouble.

[Bitcoin_people]

However, if a person is well educated and highly knowledgeable about Bitcoin, he will be interested in investing. Since your friend is not very knowledgeable about Bitcoin and you told him a little bit about Bitcoin that made him interested. Maybe your friend has a job and is struggling to meet his family expenses, so he heard about Bitcoin and thought of investing in it. Your friend may have thought of getting rich in no time by investing. But when he told his father about the investment, he might have given up fearing losing money. But if you can educate your friend and his father well about the volatility of the Bitcoin market, they will definitely invest.

Bitcoin transactions are prohibited in the country you live in, which is officially a legal offense. And if the administration finds out about Bitcoin transactions, you will have to face various difficulties. And it is very unlikely that a new investor will ever make a profit in the first place. So I would suggest your friend to get better knowledge about Bitcoin and all the volatility of the market. Later he thought about investing in Bitcoin, and now that he has a job it is more important to focus on his job. and when he can gain good knowledge about Bitcoin! Then it would be better to save some money from his job salary and later invest that money in Bitcoin.

[Bazzu]

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

the decision is indeed in the hands of your friend.

I think you shouldn't make him quit his job, because I think your friend already has a regular income every month, and investing in BTC doesn't necessarily make money every month because investing in BTC is very risky and BTC investment will be better for the long term.

[Lorence.xD]

You know if your friend is really into Bitcoin and he's really interested he would find a way to invest without having a problem, let's be real even some banned sites in our country we always find a way to use it for example pirating movies which is literally illegal but some people still use it. And I think it could be compare to Bitcoin since it's banned to their country. Of course his father would not allow him as the Bitcoin is banned plus the tendency of his father not knowing the complicated information about BTC and might know the risk of it. He might asked his father for advice but if I were your friend knowing this circumstances, I wouldn't even let anyone know I'm involve to BTC.

[DanWalker]

Your friend getting a job in the government with a pretty high salary is what many people dream of, and above all, it guarantees his future. Meanwhile, bitcoin is illegal in your country, and he is a government employee. If unfortunately, they find out he is secretly investing in bitcoin, his job and future will surely disappear.

Honestly, it's hard to give advice in this case. Bitcoin is a very promising investment, but if it were me, I would advise him not to rush to invest in bitcoin and focus well on his current job, as it will ensure his future, and bitcoin is not guaranteed. Bitcoin still has unforeseen risks. In his case, comparing bitcoin investment and his current job, his job is much more promising and safer than bitcoin. So he doesn't really need a trade-off. I will support his father's point of view.

I agree. This is really a risky decision for your friend. He can be successful with bitcoin investment later on but if that would mean losing his stable job, I don’t think it’s reasonable enough. He should still chose his job over bitcoin especially that bitcoin is currently banned in your country. However, he can wait for the right time to invest and that is when your country will lift their ban on bitcoin. I guess it’s highly possible especially that most countries these days have been more open minded about bitcoin and crypto. Tell him to be more patient instead.

I forgot to add this to my comments. Indeed, I am quite confident that it is only a matter of time before his government lifts the bitcoin ban. Because many years ago, many countries had a negative view of bitcoin, now they have a more friendly view and have gradually accepted bitcoin to a certain extent. Bitcoin and cryptocurrencies are inevitable, governments can't ignore them forever, and they will soon accept them, then, it's not too late for him to pursue bitcoin. It's never too late to invest in bitcoin.

[Litzki1990]

Since your friend is interested in investing then he can invest in bitcoin if he wants but first of all you advise your friend to spend as much time as possible behind this investment besides his job without risking his job investing in bitcoin because investment never guarantees profit. No matter where you invest you are never guaranteed a profit. If your friend quits his job and invests in Bitcoin, he may find it difficult to lead a normal life later because the investment is not immediately profitable and has to wait for a long time. The job usually requires 8 to 12 hours of duty and the rest of the time is for adequate investment. So you advise him not to take any decision about leaving the job.

[SmartCharpa]

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?

I believe from the first time that you guys have made a mistake. How could your friend tell his father that he wanted to invest half of his salary into a bitcoin? Is he still a daddy's boy considering that he already works for the government? If so, investing in BTC won't interfere with his job, and if he is discreet enough to keep his secret about how he earns money in addition to working for the government, it won't be a big deal.

[Marvell1]

...
 the best choice is to buy him little bitcoin and store in a wallet on his phone and ask him to have a watch on the variation happening. Surely he'll realise the need as well S understand well about the technology that can make change in the financial system.

Don't forget their country is a bitcoin ban, and OP's friend is a government employee. Telling him to invest more or less in bitcoin would also be very risky for him, it could even destroy his life and his whole family. Bitcoin is good, but it is not the only way to be successful, we have many other things that are as good as bitcoin. Moreover, he is having a well-paid job, which anyone would covet. The risk-benefit comparison clearly shows that the risks outweigh the benefits in this situation, so it would be foolish for the OP's friend to invest in bitcoin still stubbornly.

Bitcoin is a potential investment but also fraught with risk. It does not guarantee you a rich future, it does not provide a daily income for you and your family. It cannot be compared to a stable job with a high salary.

[Eddycole]

If am the one I will analysis to my friends dad how interesting bitcoin his.... But is also on a high risk so anybody is not advised to jump in to the investment,  it is essential to know or understand the basic concepts and principles.  It is the most famous block chain project and also the largest cryptocurrency, it involve involve strategy on risk profile.

[demonica]

Your friend is big enough to make his own decisions on his own money. His father is just worried about the risk and the consequences of investing in Bitcoin, knowing that it is illegal in your country. But if your friend is really interested, he should start researching first about Bitcoin and crypto so he'll know what to do before investing. Also since it's illegal, he needs to be extra careful if he wants to enter the space.

Rather than persuading your friend to invest in Bitcoin, let him choose what to do. Tell him the risks, consequences, and benefits of it. Because personally, I don't want to somehow "force" other people to invest in Bitcoin if they are still in doubt. Since it's their money, it's their choice and I don't want to be responsible for that.

[crunck]

So if he's getting the money from his father who is not interested, no need to force them to invest. Your friend should start doing some gigs online or if he's young enough to get an actual job, go for it and invest out of it. And meanwhile, keep telling his father about the benefits of Bitcoin and what decentralization is and how it's saving people in country where the inflation is sky rocketing. Good Luck!

The benefits of bitcoin are undeniable. But in this case, the benefit of bitcoin will be nothing compared to his work. So no need to explain to his dad about bitcoin, what his dad said just wanted good for him. Bitcoin is a banned asset in their country, and he is a government employee with a very high salary. And if he quits his job to invest in bitcoin, there is no guarantee that bitcoin will bring him more than he already has.

[kryptqnick]

Op, from your story and writing style you seem pretty young, but in any case I just want to mention that if cryptos are illegal and penalties are harsh, it's worth strongly considering whether you should get involved (and your friend). If your friend has a good job, working for the government, this sort of illegal involvement could ruin his life. If his job has any impact on financial policies, he could advocate for milder policies or make it a long-term goal.
To be honest, your story seems somewhat weird because it seems one has to be an adult to work for the government, and yet you say his father doesn't allow him to invest, which sounds more like something that can happen to a minor.

[Hamza2424]

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.

It really depends on how much money your friend has, As in your title you are saying that your friend is ready to invest it means he is convinced and his father is not. If the money he wants to invest in his father's then buddy there is no way he can invest it because he doesn't own it and e can't even convince his father reason most f the time elders think that it's a waste of money. Their argument is valid on some levels because they earned that money through hard work and they don't want to ruin it for the sake of some extra profits.

This thinking pattern can be changed by educating the which is a difficult task but it's really possible, If your friend has his own money and he can afford to even lose it then he can convince his father by giving strong facts here proper education will not be required as the father can understand my son is earning now and he wants to find more ways to make his life easy. In the father's case, bro father has more responsibilities even after giving strong facts and shreds of evidence he can't take risks because he wants to feed his children and loved ones well.

[ilovealtcoins]

To be honest, your story seems somewhat weird because it seems one has to be an adult to work for the government, and yet you say his father doesn't allow him to invest, which sounds more like something that can happen to a minor.

In our country, many people working for government agencies are only 30-40 years old, and that age still has parents. Furthermore, sometimes the jobs he received were handed down from his father, so many decisions required consultation with someone as experienced as our father.

I also agree with his father's advice, as his work is going very well, and the trade-offs are disproportionate. To be fair, bitcoin is still a question mark in the future, so trading a career just to invest in bitcoin is not worth it.