Dangerous insights on bitcoin Investor

[AVE5]

Ignorant of lack of knowledge to the highest level.
A family called the police operatives on their son who seems to be doing financially well while investing on the bitcoin.
The way about the young bitcoin Investor portrays himself happens to be not supposed to be affordable by their son of age 21 considering the poor background they originated from and they don't see the young boy working to earn such living.

There was a misconception by the parents due to their ignorance about cryptocurrencies and how rumours has been speculating in their localities that bitcoin or cryptocurrencies are all ventures for internet fraudsters which they found unfortunate that their son has engaged himself on it after several times they asked the young boy to go and find a job out there so he could make living out of instead.
Instead of the young man to have a constructive explanation to his uneducated parents probably to say he's working on a remote job, he told the old folks that he's a bitcoin Investor of which they got frightened out of the concept.

They called the police on him and knowing that the police would go in details in tracing his source of income as claimed, he was subjected to be transparent to the police and he was investigated and was found non guilty of engaging on the internet fraudulence as the parents might have sighted.
So what justified the young boy was that bitcoin is a legalized technology in the society only that there are still awkward people who're not convenient with the system.

This has to be a great lession to those of us who are not alternated with other source of incomes aside bitcoin or the AltCoins that while we're constantly being seated at home without a scale of going in and out probably like attending to the designated places of where we earns income and yet living comfortably even more better than those who claims to be working classes that eyes are being watching at us and people around would be much sensitive and desperate to know the source of our incomes since they could always have us always being at home.
Let's play this bitcoin investment smartly and save ourselves from insighting dangers.

[btc78]

Those are bad parents.

First of all, aren’t they supposed to be happy their son is earning something? Lots of parents still support their kids even after those kids have their own families already. Even if they had suspected something was weird about the nature of their son’s money, they should have never have him investigated by the police.

They should have just talked and the son could have explained properly what cryptocurrency was. His is extremely dangerous for the son depending on the country’s rules and regulations

[Natsuu]

Thats a tough situation. It's sad to see how misconceptions about Bitcoin can cause such trouble for someone just trying to invest and make a living. It's a reminder of the importance of education and understanding, both for individuals and society as a whole. Hopefully this experience prompts more open-mindedness and willingness to learn about emerging technologies like Bitcoin rather than jumping to conclusions based on hearsay. It also underscores the need for caution and diversification in investments especially when societal perceptions may not align with reality

[Plaguedeath]

It's your own experience or what? you need to post the original source of the story.

Sounds like you're live in third world countries, that's why the parents can't understand what is remote job and they think a real job is always going outside, if you're stay at home even you make money, they will say you're unemployed.

Obviously this is dangerous, his parents is his biggest enemy that ruin his privacy, but this case is rare because only few people can change their life when they start from poor.

[Beparanf]

Provide a source because it’s too hard to believe on this kind of story which parents call the police against their son just because they don’t understand what their son is doing. What makes me skeptical to believe on this kind of story is how did the parents got alarm on the son activities on Bitcoin if the subject is doing well on his investment?

Besides, he is already 21 years old which is already old enough to do whatever he wants without the parent consent. Dragging authority against their son is surely a disaster if this story is legit.

[Catenaccio]

If parents have to call police because their children invest in Bitcoin and they disagree with their children, it's their failure in family management and internal control.

Police have nothing to do if these lads spent money they get from working, and didn't steal money of their parents to invest in Bitcoin.

If capital for investment is from steal of parent's money, it will be different and calling police is acceptable. Before calling police, parents must try to handle this issue inside family and calling police is very last step to do.

This story is for a single family and I does not see it is too popular in society, in any country.

[EL MOHA]

Sounds like you're live in third world countries, that's why the parents can't understand what is remote job and they think a real job is always going outside, if you're stay at home even you make money, they will say you're unemployed.

Obviously this is dangerous, his parents is his biggest enemy that ruin his privacy, but this case is rare because only few people can change their life when they start from poor.

Even if the story isn’t about the OP it is clear that the story (if it’s true) must have come from a family in the third world countries. This is places where youths engage massively in cyber crime and the stereotype is transferred to all youths doing a remote job. You can blame a parent that basically sends his kid to very funds even for upkeep not to be concern when they see him spending lots of that money later.

It might be a thing of luck but we have seen lots of people getting lucky with even airdrops that changes there lives some of them might have got lucky the coin pumped to more than a significant amount and later they invested into others and that’s how they grow. Even a signature earner here on the forum can be worthy in a remote society   That’s how bad some places economy are.

But the parent made a big mistake by calling the authorities, now the child isn’t save again

[cryptoaddictchie]

First of all, aren’t they supposed to be happy their son is earning something?

This is a nice question. It seems that the story is quite fictional any source by the OP? Of course parents whom seen a progress on their son would be supportive however with the storyline it seems that they dont trust their son or even confuse on why he can afford such stuff. This kind of thinking isnt normal especially the one your suspecting is a blood relative.

[CryptSafe]

There is a saying that says "wisdom is profitable to direct" of course the young man was sincere to his parents who are being ignorant and confused for the fact that bitcoin is seen as fraudulent and this is totally a misconception about the reality. I expected him to have been able to present it in a way rather than saying it out to his parents who are not educated about it.

Okay what if he is sincere and genuine as the case may be but  in the process of buying the bitcoin maybe a p2p purchase or so and the source of the purchase is from a flagged wallet address unknown to him would this not have resulted to another issues which he never have had in mind all in the name of his parents being ignorant to the fact that their son is a bitcoin investor and if that had happened believe me the police would not want to hear anything but explanations from where and how he managed to get the coin from that wallet and this would have resulted to another thing.

In some cases, one needs to be smart as to telling people the source of their income. Not everybody you should open your mouth to tell your source of income most especially when it happens that you mostly do remote job which requires you to sit at home and work just like as it is here. Your source of income you be between you and your God so that you do not put yourself into problem. I believe the young man has learnt his lesson and would be very much careful next time.

[naira]

Ignorant of lack of knowledge to the highest level.
A family called the police operatives on their son who seems to be doing financially well while investing on the bitcoin.
The way about the young bitcoin Investor portrays himself happens to be not supposed to be affordable by their son of age 21 considering the poor background they originated from and they don't see the young boy working to earn such living.

There was a misconception by the parents due to their ignorance about cryptocurrencies and how rumours has been speculating in their localities that bitcoin or cryptocurrencies are all ventures for internet fraudsters which they found unfortunate that their son has engaged himself on it after several times they asked the young boy to go and find a job out there so he could make living out of instead.
Instead of the young man to have a constructive explanation to his uneducated parents probably to say he's working on a remote job, he told the old folks that he's a bitcoin Investor of which they got frightened out of the concept.

They called the police on him and knowing that the police would go in details in tracing his source of income as claimed, he was subjected to be transparent to the police and he was investigated and was found non guilty of engaging on the internet fraudulence as the parents might have sighted.
So what justified the young boy was that bitcoin is a legalized technology in the society only that there are still awkward people who're not convenient with the system.

Therefore, when I started to explore the world of Bitcoin the people closest to me, especially family, had to be the most important in knowing what I was doing and where I was making profits from. Because in my opinion this is necessary so that there is no suspicion within the home environment. This means that in the midst of an unstable situation and economy, sometimes other people's views on those of us who are involved in Bitcoin are a little sensitive, we don't need to prove our status or finances to other people, but sometimes it is to prepare an argument if one day there are serious accusations. In our environment, Bitcoin is generally still very unfamiliar so not many people understand it. Because for people or neighbors in their neighborhood, the only way to make money is by working physically. So that's a problem that I often encounter, and to break these accusations the most important thing is to give the people closest to me a picture so they know what, how and what kind of work I do.

[SmartGold01]

At first when doing business no matter what types of business you are doing you should have a favorite parent who is there to know what you are doing let say it could be your mother or father depending on how close you are to them most times if your dad is more exposed then you should get close to him and explained everything you are doing to him to get the thorough knowledge otherwise they might get it the other side knowing too well that parents don't like seeing their children seating at home working remotely. They believe in a system were you must go out in the morning and comes back in the evening to prove to them that you are working someone not inside room or seating at home with your system.

Must time before doing some work, we can educate our parents with the types of business we are doing so that they won't be asked by their fellow of the kind of business their children is doing i think it cause embarrassment to them as parent, or before you find his parent calling him the police you should know that lots of people has been talking about that particular boy for not working but yet still continues to live large without any prove of work.

[Mpamaegbu]

There was a misconception by the parents due to their ignorance about cryptocurrencies and how rumours has been speculating in their localities that bitcoin or cryptocurrencies are all ventures for internet fraudsters which they found unfortunate that their son has engaged himself on it after several times they asked the young boy to go and find a job out there so he could make living out of instead.

I can understand this part because it happened to me too when I got into this industry. It's even worse when you make your crypto engagement your major source of earning and people don't see you leave your home and come back like the 8am to 5pm dudes do. To make it worse, criminals around now claim they're into cryptos when they're asked what they do for a living. So, any work from home person that uses same line becomes an instant suspect.

Instead of the young man to have a constructive explanation to his uneducated parents probably to say he's working on a remote job, he told the old folks that he's a bitcoin Investor of which they got frightened out of the concept.

Wait until you meet adamant ignorant folks who are bent on clutching to their ignorance, then you will know how difficult it's to explain things that are simple.

They called the police on him and knowing that the police would go in details in tracing his source of income as claimed, he was subjected to be transparent to the police and he was investigated and was found non guilty of engaging on the internet fraudulence as the parents might have sighted.

His parents were wrong going that length. The best they could've done would've been to keep observing him and refusing to accept any gift from him. Going to the extent of calling the police was overboard.

[DanWalker]

Those are bad parents.

First of all, aren’t they supposed to be happy their son is earning something? Lots of parents still support their kids even after those kids have their own families already. Even if they had suspected something was weird about the nature of their son’s money, they should have never have him investigated by the police.

They should have just talked and the son could have explained properly what cryptocurrency was. His is extremely dangerous for the son depending on the country’s rules and regulations

It was just an unnecessary misunderstanding and an accident. Because his parents were so worried about him and afraid he would fall into a trap, they decided to call the police to rescue him. But they unintentionally harmed him and I believe that after understanding everything, they will realize their mistake.

My parents also prevented me from investing in bitcoin, simply because they worried about me and didn't want me to fall into a trap. But after a while they realized what bitcoin is and they supported me wholeheartedly. No parent wants to harm their child, so never say harsh words to the person who gave birth to you. Don't criticize them because even if they lack knowledge, they have nurtured you and without them you would not exist.

[Kakmakr]

I think there a lot of parents that does not know what their kids are doing online.... A friend of mine has a kid that are trading 10 hours a day and he is making VERY good money.... getting more profit than what his Dad is getting paid.... being with his company for 34 years.

I think those parents should have taken the time to talk with their child and he could have explained to them what he is doing .... now there will be anger issues in their relationship for years.  

[lovesmayfamilis]

What stupidity. I feel sorry for this guy. He was very, very unlucky with his parents. And probably precisely because he did not have a relationship with his mother, he did not tell, or maybe it was his parents who did not allow him to gradually tell everything about his occupation.
You know, real parents, especially mothers, will always be on the side of their children. Bad or good. This must be done despite everything. And just because the parents, due to their lack of education, were ready to send their son to prison by calling the police, this guy should be well offended by them and start living separately.
In the end, firstly, we parents are responsible for how we raise our children, and it is our fault if the children cannot trust us.

[boty]

Therefore, when I started to explore the world of Bitcoin the people closest to me, especially family, had to be the most important in knowing what I was doing and where I was making profits from. Because in my opinion this is necessary so that there is no suspicion within the home environment. This means that in the midst of an unstable situation and economy, sometimes other people's views on those of us who are involved in Bitcoin are a little sensitive, we don't need to prove our status or finances to other people, but sometimes it is to prepare an argument if one day there are serious accusations. In our environment, Bitcoin is generally still very unfamiliar so not many people understand it. Because for people or neighbors in their neighborhood, the only way to make money is by working physically. So that's a problem that I often encounter, and to break these accusations the most important thing is to give the people closest to me a picture so they know what, how and what kind of work I do.

When we have explained the description of what we are doing to the people closest to us, of course this will enable us to do well regarding the investment or trade that we are doing, because if we don't give an understanding to the people closest to us first and when people ask about it to the people closest to us and they don't know very well what we are doing, of course this will be a problem that we have to solve and we can tell them at the same time to the people who ask about what we are doing and after we explain of course we don't need to think about what other people say as long as we do things that are useful for ourselves and don't disturb other people's comfort.

Currently, there are still some people who still understand that to have an income you have to do physical work and they don't fully understand how to make money from investing in Bitcoin or trading Bitcoin and there are even some people who still have very little knowledge about technological developments. suspect people who have income from Bitcoin as having a bad job and I really agree with you to first understand the people closest to us about the work we do.

[kentrolla]

Some may say parents were bad or they just made it difficult for their son by calling the cops in haste but trust me they cared about their son and since they were not aware about the concept of bitcoin they don't want their son to get into trouble or associated in fraudulent activities and that's what any good parents would be.

The problem here was their lack of knowledge about the bitcoin and their son could have clearly elaborated them how bitcoin works and how does he earn through it because there would have been a sure shot lack of transparency leading to this whole episode and still so many people consider it as ponzi or scam so no fault of the parents.

[SatoPrincess]

Sounds like you're live in third world countries, that's why the parents can't understand what is remote job and they think a real job is always going outside, if you're stay at home even you make money, they will say you're unemployed.

It is most likely that the setting of the story is in a third world country. Remote jobs are not uncommon here, not since Covid came. A good excuse like OP suggested would have been to tell the parents that he is working remotely for a tech company. I can’t blame the parents for questioning the source of income of their 21year old who probably still lives under their roof. There would be bad parents if they didn’t care to know how their son was earning a living for himself, though I agree calling the police was extreme.

[famososMuertos]

Well; Is this a discussion on this board, I think it falls into that gray area just by mentioning bitcoin.

We live in a "desperate" era, XXI,with incredible salaries for people who talk nonsense through a cell phone screen, it is the reality, but there are also new jobs (online) that allow many to lead a comfortable life or at least with equally beneficial resources of a normal job.

I think this is not about ignorance, it is a cultural issue, there are people who do not understand influencers, youtubers, tiktokers, etc. and the variance of jobs that can now be done from home. bitcoin is no different.

[Rruchi man]

This has to be a great lession to those of us who are not alternated with other source of incomes aside bitcoin or the AltCoins that while we're constantly being seated at home without a scale of going in and out probably like attending to the designated places of where we earns income and yet living comfortably even more better than those who claims to be working classes that eyes are being watching at us and people around would be much sensitive and desperate to know the source of our incomes since they could always have us always being at home.
Let's play this bitcoin investment smartly and save ourselves from insighting dangers.

When you are poor, people are not in a hurry to investigate the source of your poverty, but when you become rich, this same people become curious to know the source of your wealth. You need to be very careful and make changes to your life when you notice that you are doing much better than everyone in your environment. The best thing in this situation will be to change your environment to a place where there are people who are doing really well, much better than you are. Another thing you can do is to try start up a business or something that you can always refer to as your source of income, to avoid people. Because people fear what they do not understand, they will always fear the fact that they do not understand what you do.