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

[serjent05]

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?

It is an obvious scenario.  Bitcoin is banned in your country so trading or even buying Bitcoin can be called illegal trade which has penalty if caught.  Why don't you suggest your friend to be a good citizen and follow the government law. This is saving you from any fault later if your friend's action is busted by the government.

Your friend is old enough to think for himself.  He asked you about your opinion maybe because he wanted to find someone to blame in case he encounters trouble.  If I am in your shoes, I would love to see my friend free from troubles and since your friend isn't lacking, why tell him to invest in Bitcoin and get problem later.  If you are his true friend then you should prioritize his safety than promote illegal things just for the sake of Bitcoin adoption.  Bitcoin will be adopted elsewhere, by the country that does not ban it.  Keep your friend safe and advise him not to deal with Bitcoin because it is an illegal thing in your country.

[1714475589]

1714475589

[1714475589]

1714475589

[Crypto Library]

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 in this situation there is a necessary to invest in Bitcoin so I will say that give your friend to not investment in bitcoin if he don't know how to use it secretly.
The big reason is he is a government employee and this can be a cause for his job suspension. So, since he wants to earn a stable income from his job, I think he should invest in Bitcoin to gain some extra profit with his risk. Another reason for suggesting that he not invest in Bitcoin is that he is new to the subject and naturally does not know much about security so his activities are more likely to be noticed by the government.
Tell him to wait until the government legalizes crypto currency.
If he still wants to do it, let him know about security first.

[|MINER|]

Since cryptocurrency is illegal in his country, I'd say he'd better stay away from investing with so much risk. I think it's not just about his money risk, maybe he got caught by the government while investing with his new hands and had to go to jail and lost his government job.
But it is also true that Bitcoin's decentralization is free from government bans. But since Bitcoin is still not so famous worldwide, he has to exchange it to use it or convert from fiat currency to buy it. This is where the risk lies, so tell him to avoid investment for now.

[Viscore]

You should not meddle in his own decision in life. I believe he’s responsible for his own future and knowing he’s already an adult, he should know what to do either to invest in an illegal investment or not. Especially that he’s a government employee, it’s obvious that he should serve more as a role model than to act as the first to disobey the rules just for his love for money. Although bitcoin investment is reasonable and profitable, but I guess in this kind of situation, he should preserve his job more than aiming good investment returns.

[Wakate]

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.

This is not ethical for me and we don't need to seek for the consent of our father for us to make some certain decisions. We are not supposed to seek the consent of our father to make some investment decision when it is certain that it is high time people need to start making decisions no matter how tough it is.

Those who are asking for permission from there parent to make investment decision that would help them to make a lot for money from the market are only playing. But the question I need to ask is that even though the money he is spending comes from the father's source, he shouldn't have to take permission to make decisions when life can be so funny atimes.

[panganib999]

He's not a minor anymore? He can earn his own dime? He can stand to move out if his father decides to kick him out if they learn about him investing in bitcoin? If your answer is yes, then he can stand to invest in bitcoin. I hate it when relatives and close family members stick their nose in everything including the way I work my money, so my usual solution to these kinds of problem is to outright cut them off entirely because the toxicity will only start and compound from there. They wouldn't stop snooping on everything, giving you unsolicited advice that is also backhanded at the same time for no fucking reason, until it's you who'll really decide to move out cause the toxicity is just too much for you to bear. This is also why I don't tell anyone what I do. Just keeps you from the trouble of letting people know and them throwing in advice that you didn't ask them for, plus stuff that you don't even want from them.

[JoyMarsha]

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?

What suggestions do you think you could give a fully grown adult who has decided to invest in bitcoin other than to advise him to make every effort to remain anonymous while investing in bitcoin, to use his spare money, and not to view bitcoin as a get-rich-quick scheme, and to keep all information about it a secret at all costs because bitcoin is illegal in your country. If he is ever caught by the government, he shouldn't point his finger or blame you for his downfall because he was aware of the dangers before him as a government worker and he decides to take the risk of his own will 

[loopes]

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.

I checked your local forum, if i am not wrong you are in Bangladesh (Bengali Language), i have learned on the internet that Bangladesh Regulator prohibit trading. I saw on an article "Trading in cryptocurrency not allowed in Bangladesh" this arcticle said that Regulator Bank emphases to refrain all form of virtual coin or crypto currency trading. But how is your opinion? that if he invest in other country then withdraw into bangladesh in form of US Dollars or in fiat if supported. 

[Quidat]

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?

If your friend does shows up some interest on Bitcoin but you dont want on getting blamed then its better to tell him that it would really be just depending or according into him whether he would involved or not because you dont want to get blamed if he would be able to lost up his govt job which makes their life better.Its true that it is really that truly a risk on dealing up with something which you do know that it could really mess up your life specially if its banned or prohibited. Then it would really be just that right that you would really be having hindrance or having second thoughts on whether you should proceed or not. Thing here is that you shouldnt really be making out some guarantees about success or whatsoever because this would really be in resulting into those bad impressions on which it is something needs to be stopped while its still early. You wouldnt really be risking your friendship but also you would really be risking yourself on getting blamed if you do make out those assurances.

[Yatsan]

If it's his own money, then he may hide it from his father. But what's important is if your friend fully understands whaat he is engaging himself with. He should be fsmiliar wwith the risk and the nature of the market prices wherein there will be times the market value of Bitcoin would fall which will display loss on his portfolio. This is for his own good and for yoy to not be blame if ever something unfortunaate would happen. And with regards to his father's opinion, we should accept the fact that not all people would be interested towards this industry and that's better than for them to push through without understanding a single thing.

Since cryptocurrency is illegal in his country, I'd say he'd better stay away from investing with so much risk. I think it's not just about his money risk, maybe he got caught by the government while investing with his new hands and had to go to jail and lost his government job.
But it is also true that Bitcoin's decentralization is free from government bans. But since Bitcoin is still not so famous worldwide, he has to exchange it to use it or convert from fiat currency to buy it. This is where the risk lies, so tell him to avoid investment for now.

If they can find a way despite of the situation, and still decide to do so, I guess that's their own will and the only thing we csn do is support it as long as it is feaasible. For sure they know what would be the possible problems and it's their initiative to still continue.

[LogitechMouse]

~
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.

His father is just protecting his son that's why he's against investing into Bitcoin. That's it.

Knowing that Bitcoin, and cryptocurrency are officially banned in your country, I don't see any bad intentions on the side of the father, but he's just protecting it. Since you said that cryptocurrencies are banned in your country, using Bitcoin is like fighting against the government. Yes there are some ways for a particular person to have access into Bitcoin, buy it, and hold it, but the question is, is it worth it knowing that anytime, The government might know that you're involved into it? I know how good of an investment Bitcoin (and how bad it is as well), but if it's banned in your country you have 2 options. Either access it at your own risk, or don't access it at all.

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?

Just let him decide LOL!!!

Is he a crybaby that can't decide on himself? Is he a toddler that needs to be taught? No he is a government staff like you said, so most probably he can decide on whatever he wanted to. He's working, so he has money to be used in investing.

[Casdinyard]

If it's his own money, then he may hide it from his father. But what's important is if your friend fully understands whaat he is engaging himself with. He should be fsmiliar wwith the risk and the nature of the market prices wherein there will be times the market value of Bitcoin would fall which will display loss on his portfolio. This is for his own good and for yoy to not be blame if ever something unfortunaate would happen. And with regards to his father's opinion, we should accept the fact that not all people would be interested towards this industry and that's better than for them to push through without understanding a single thing.

Since cryptocurrency is illegal in his country, I'd say he'd better stay away from investing with so much risk. I think it's not just about his money risk, maybe he got caught by the government while investing with his new hands and had to go to jail and lost his government job.
But it is also true that Bitcoin's decentralization is free from government bans. But since Bitcoin is still not so famous worldwide, he has to exchange it to use it or convert from fiat currency to buy it. This is where the risk lies, so tell him to avoid investment for now.

If they can find a way despite of the situation, and still decide to do so, I guess that's their own will and the only thing we csn do is support it as long as it is feaasible. For sure they know what would be the possible problems and it's their initiative to still continue.

I can see the reluctance of the father playing a major role in him deciding whether he would follow through with investing in bitcoin or not. Most Asian countries revere their father in a certain level that their words hold its weight in gold, even if it's something that is completely against the plans of their children. Which is why so many kids end up with jobs and careers they don't really like. In any case, since bitcoin's still illegal in their country it's best if they lay-low with it for now, or at least be discreet with their investments. The last thing they want is having their Police authority knock on the door and cuffing him cause he holds a few bitcoins in their wallet.

Lastly, of course as you said Yatsan, is to study and do your own research. The market is unrelenting and a lot of people lost money in this industry because they didn't think it would be that beneficial to not learn about the ins and outs of bitcoin first before investing. Don't be like those people and acquire ample knowledge before moving forward.

[Texac]

He's not a minor anymore? He can earn his own dime? He can stand to move out if his father decides to kick him out if they learn about him investing in bitcoin? If your answer is yes, then he can stand to invest in bitcoin. I hate it when relatives and close family members stick their nose in everything including the way I work my money, so my usual solution to these kinds of problem is to outright cut them off entirely because the toxicity will only start and compound from there. They wouldn't stop snooping on everything, giving you unsolicited advice that is also backhanded at the same time for no fucking reason, until it's you who'll really decide to move out cause the toxicity is just too much for you to bear. This is also why I don't tell anyone what I do. Just keeps you from the trouble of letting people know and them throwing in advice that you didn't ask them for, plus stuff that you don't even want from them.

What fathers do is right out of concern for their children, they mean nothing else.  like many here, we have no relationship with him, but most also advise him not to invest in bitcoin because of his special circumstances. he lives in a country that bans bitcoin and is a government employee and most likely the family's breadwinner.  You do not know their family situation, do not instigate a separation of their family feelings. parents are the people who gave birth to us and always want the best for us.  Just because of bitcoins that you are willing to cut ties with them, then your parents are unlucky to have a child like you.

[kotajikikox]

1 . one of my close friend who is in govt job but he is not into Bitcoin even he has no idea about this forum.

2. 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.

Mate , why need to bother for everything when it is clearly says in your post the reason about this issue as your friend is a government  employee so how can you expect Him to invest in something illegal? this not only risking His Job and only will ruin His life.

I am not against investing in bitcoin specially those from countries that has Banning this coin but at least I respect their belief and caring  about their lives.

[Don Pedro Dinero]

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 like to get into trouble. Don't give financial advice to anyone unless you are extremely confident and are asked on your knees. You were wrong to talk to them about bitcoin and now you want to fix it? In a country where it is forbidden and he can suffer penalties as well as being fired from a good job for it, buying bitcoin is a high risk, which if he does it for ideology, to contribute to a better world, I could still understand, but if it is to get rich, and he already has a wealthy situation, he is playing with fire.

[rat03gopoh]

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.

Up to this point, you must understand the risks. You are involved in this space actually violate, and if you teach your friends then it means you make the network of violators wider.

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

Aren't you already halfway through guiding your friend? Your decision depends on two considerations, you care about the solidarity of your friendship, so continue this guidance. Or you care about the law then stop here.

[btc78]

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?

then let him be , Bitcoin is for the future and yes your friend has a guts to take that risk and indeed banning is not permanent so what about the banning lifted in the future?

INVEST IN BITCOIN NO MATTER WHAT because we knew that there will be a great things to come for all of bitcoin supporters    lol .

[S A KHAIR]

I would choose a government job instead of investing in bitcoin because I have a family and small children. I don't want to be caught and ruin my child's future because of my fleeting desires. Above all, investing in bitcoin does not guarantee that we will get rich from it and be financially free with it. While with the government job, I will definitely earn more money.

[The Cryptovator]

To begin, I would suggest emphasizing the importance of focusing more on his job. As he is already established, he has the opportunity to invest in Bitcoin as a result of his work. Investing in Bitcoin will not interfere with his job responsibilities, as it simply involves buying and storing it in a secure wallet. Considering the current situation, he can allocate a portion of his savings each month to gradually acquire Bitcoin. It's important to note that investing in Bitcoin should be seen as an additional investment due to its high volatility. This way, he can mitigate risks and ensure that he doesn't have to sell his holdings in case of emergency situations.

[RajeshKarwa]

Firstly, it's important to acknowledge that investing in Bitcoin or any other cryptocurrency involves certain risks. The volatile nature of the crypto market means that prices can fluctuate dramatically, and there is always a possibility of financial loss.

I would suggest exercising caution and considering the potential consequences. As he hold a government job, it is crucial to prioritize the stability and security of his employment. Any activity that is explicitly prohibited by the government can jeopardize his professional standing and lead to severe penalties.

If he decide to invest in Bitcoin despite these concerns, I would strongly advise taking certain precautions. Here are a few recommendations:

1. Education : Before making any investment, thoroughly research and understand the risks involved with cryptocurrencies. He should learn about blockchain technology, the fundamentals of Bitcoin, and the factors that influence its value.

2. Maintain privacy: Be mindful of actions and ensure that investment activities do not become public knowledge, especially within his workplace. Take steps to protect his identity and avoid discussing investments with colleagues or on public forums.

4. Diversify portfolio: Instead of investing solely in Bitcoin, consider diversifying investment portfolio to mitigate risks. Explore other traditional investment options that align with risk appetite and financial goals.

Ultimately, the decision to invest in Bitcoin or any other cryptocurrency lies with him. However, it is crucial to weigh the potential benefits against the legal and professional risks involved. His job security and compliance with government regulations should be of utmost importance.

Thanks !!