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

[BD Crypto]

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?

In this current situation we must wait for the good days of using Cryptocurrency. And I believe good news regarding using Bitcoin will come soon. As a citizen we must follow our country rules first and we should not force to involve someone new to invest in Bitcoin. Because now a days Mobile Banking Service NAGAD is broadcasting that any crypto holding, crypto transections or involved in cryptocurrency is a crime. So I think we should wait for better days. Now it's better to be far from involving others and we also should use Bitcoin safely. That will be the best idea.

[Captain Corporate]

These type of stuff should be for very young people, at certain age it doesn't really matter. Maybe its a cultural thing, maybe even in further ages you listen to what your father tells you in some cultures, but in our culture even though you do respect your father until the end as it should be, we don't really ask our fathers what to do with our money, we earn it so we invest it ourselves without asking anyone (well aside from the wife lol). So in the end, when you grow up a bit, you do whatever you want to do without asking your father, if not then there is no way to do it, convincing the father is not the issue, not needing to convince the father should be the aim, that would make it a lot better for the friend.

[Nothingtodo]

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?

Since you and your friend live in the same country where Bitcoin is banned, it is possible to invest in Bitcoin from a country where Bitcoin is banned, in which case your friend needs to invest in Bitcoin anonymously. Also if your friend's father is worried about your friend's career then it is good and logical advice to prevent your friend from investing in bitcoins. Also, since your friend is interested and wants to invest in Bitcoin, you should present your friend with the risks of investing. Because every investment has risk and if he can handle that risk then he can invest in Bitcoin.

[Wend]

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?

Since you and your friend live in the same country where Bitcoin is banned, it is possible to invest in Bitcoin from a country where Bitcoin is banned, in which case your friend needs to invest in Bitcoin anonymously. Also if your friend's father is worried about your friend's career then it is good and logical advice to prevent your friend from investing in bitcoins. Also, since your friend is interested and wants to invest in Bitcoin, you should present your friend with the risks of investing. Because every investment has risk and if he can handle that risk then he can invest in Bitcoin.

In this case he is also a government employee, and all his sources of income depend on it. So the risk that bitcoin brings to him is twice as great as the average person. I don't think it was a wise decision for him to invest in bitcoin. After all, investing in bitcoin is just a side income, it cannot become anyone's primary source of income because there is no guarantee that investing in it will return 100%.

[Inwestour]

These type of stuff should be for very young people, at certain age it doesn't really matter. Maybe its a cultural thing, maybe even in further ages you listen to what your father tells you in some cultures, but in our culture even though you do respect your father until the end as it should be, we don't really ask our fathers what to do with our money, we earn it so we invest it ourselves without asking anyone (well aside from the wife lol). So in the end, when you grow up a bit, you do whatever you want to do without asking your father, if not then there is no way to do it, convincing the father is not the issue, not needing to convince the father should be the aim, that would make it a lot better for the friend.

It is difficult to imagine a person who takes a seat in the government and listens to his father's prohibitions, but there is common sense here, if a civil servant violates the laws, then of course he will need to be fired if his violations are found.

There is probably always a way to do it anonymously if it is so necessary, but as far as I know, people from the government already live very well, they have a good salary, connections, position in society, and this even without bitcoin can give them a comfortable existence, therefore, you need to think several times before taking these risks.

[BVeyron]

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 suppose it's totally not a good idea for him to invest into BTC. The money is a temporary thing, while good relations with family cost everything we have in this life. It would be the source of regrets for him, even if he gets much money (which BTW requires an extremely rare luckiness in case of cryptotrading). Moreover, illegal status of cryptocurrencies in your country is one more reason to avoid such investments.

[ElmedoRator]

If your friend's father is not interested in providing money to invest in Bitcoin, it is best for your friend to explore other ways to generate income and save for investments independently. He should get a job or join online gigs, which can be a great way to earn money and have the freedom to invest as he wishes. While doing so, your friend can continue to educate his father about the benefits of Bitcoin and its potential impact. Sharing positive information for wealth preservation can help his father understand the value proposition of cryptocurrencies.

[robelneo]

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?

Your friend understands and has seen the potential of Bitcoin you cannot take that interest and motivation to invest I'm sure since he understands the situation and has received advice on the risk of losing his job he knows what he is doing, there's no need of further advice.

You can only support him and kept his secret that he is investing in Bitcoin, your friend did the right thing although it's very risky but he understands that he doesn't want to live all his life stuck to a 9 to 5 job and with Bitcoin he has the opportunity to get out of it.

[albon]

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 cannot blame the father of this friend because what I see from his words is that he is ignorant of everything about Bitcoin despite his noticeable fear for the money of his son, who wants to invest in Bitcoin. First, what he said about investing in Bitcoin, the government will ban it, and he will face problems in his job; this is wrong because there are many ways to make a person completely anonymous in this arena, and it is complicated to reveal his identity, as thousands of people invest in bitcoin in countries that prohibit bitcoin and crypto in their laws, and things are going well. Because if a person does not deal with CEX platforms and did not provide his documents and sensitive information to anyone or any centralized platform, how will they recognize him, since the blockchain technology also maintains privacy? Do not force him to invest in Bitcoin, but advise him to gain experience and get acquainted with all aspects of this investment first because it is fraught with risks if the person is a beginner and his experience is limited, and he must be discreet and not declare that he will invest in Bitcoin to anyone, no matter who is him.

[erep]

It is difficult to imagine a person who takes a seat in the government and listens to his father's prohibitions, but there is common sense here, if a civil servant violates the laws, then of course he will need to be fired if his violations are found.

There is probably always a way to do it anonymously if it is so necessary, but as far as I know, people from the government already live very well, they have a good salary, connections, position in society, and this even without bitcoin can give them a comfortable existence, therefore, you need to think several times before taking these risks.

Although the safest anonymous method was suggested to his friend, I was worried that his friend could not maintain his privacy due to negligence in managing crypto assets or he unknowingly made an unexpected mistake because a transaction history was found from an exchange account to his bank account.

If his friend is interested in investing/trading crypto, then he must find a trusted friend who can manage his crypto assets for the long term, because he has a status of employment with the government, he must be clean from any violations of the law because it will result in fatal sanctions of dismissal and as much as possible he does not have transaction history about crypto on his account.

[Popkon6]

@Op
Since bitcoin is illegal in your country I would say more attention should be given to jobs. However, if you can invest some part of the extra money every month, it will definitely be a good thing. Because investing in the present can change your life in the future. Because to keep this investment safe in illegal countries it is important to use a secure wallet like Electrum wallet, Safepal, which is a reverse plan of hardware wallet. I think it's much better to be involved with Bitcoin in a well-planned way because of the anonymity.

[UchihaSarada]

Since bitcoin is illegal in your country I would say more attention should be given to jobs. However, if you can invest some part of the extra money every month, it will definitely be a good thing. Because investing in the present can change your life in the future.

If you have jobs, you have salary and money, you get them by yourself, you don't have to stop your interest in investment with either Bitcoin or other assets. You can do it because it's your money and you are free to use it as well as take risk with it.

Listening to opinion, advice of others is good but you should not let their opinion, advice affect you too much if you think they are not right.

Because to keep this investment safe in illegal countries it is important to use a secure wallet like Electrum wallet, Safepal, which is a reverse plan of hardware wallet. I think it's much better to be involved with Bitcoin in a well-planned way because of the anonymity.

You should always use self custody wallets to secure your coins. Because if you use exchange accounts to store your coins, you can lose your coins.

It is basic and does not relate to legal status of cryptocurrency in your nation.

[tjtonmoy]

Bitcoin is a decentralized currency. If you don't leave a footprint, the government or any entity will never be able to find out that you own them. If you can keep it how it's meant to be kept, it will be untraceable. But when it comes down to have effect on the job, better not do that. From the given information, your friend is a newbie when it comes to Bitcoin. So there's no guarantee that he will be able to take the right decision and make profits. Jumping right into it is a bad decision. And as mentioned that his father is worried about his job, worst case scenario, he will lose his job, will be sent to jail, charged money for the illegal activity, and in the end, he might lose all his investment too.
So it is better to avoid investing in Bitcoin if the risk is too high. Although it is a personal choice, the best you can do now is to advise him the risks involved in this. Or tell him to learn more about Bitcoin before joining the platform and methods he should learn to safeguard his assets.