Topic: Dangerous insights on bitcoin Investor - page 2. (Read 812 times)

Well, there will be always good and bad disadvantages if you just remain silent about you are investing in Bitcoin or let's say you are making money through Bitcoin like trading.

Another thing is you could've just shared and enlightened your family about your source of income - they are your family and they will understand you, just explain it simply that non-technical of no knowledge of Bitcoin will understand easily.

wow so they called the cops on their own son because he was a successful investor. good god awful parents.

Well, not 100% that when you go long-term, you will earn a huge amount of profit; it still depends on how and when you enter the market. Your profit will be determined if you place your buy or you buy bitcoin in a good dip and the price of bitcoin increases from or before your buy position, for example, in the recent. If you happen to buy bitcoin when its price dips to $40k and you go long and actually go through its new ATH, which is $70k above, then that will be a very huge amount of profit. So you see the difference, right? There are investors that go long-term, but for example, if they bought bitcoin for around $70k and right now bitcoin is below that, then it would take time until the price of bitcoin would make a huge amount of profit, depending on when you placed your buy. So,  in conclusion, it's easy to go long-term, but of course you should know when to buy and enter the market to maximise the potential profit.

In this type of locality, if I know that bitcoin has been seen as a fraud because people and around me, including my family, don't know about it, I will let one of my family members know about bitcoin investment or trading, or any one I do among the two that earns me money, to avoid this kind of thing. If truly, as you said, the parent called police for the young investor, I believe if he put one of his siblings through the system, it won't be like this because they will let the parents know what they are doing that makes them financially okay.


I can blame the boy for this, and it's not bad that he told his parents what he does online to make money. It's very good that he let them know that he is a bitcoin investor. The only thing here now is that clear explanation that remains for him to do if he can explain the concept of bitcoin to them. I believe they will believe him. You know, all this is due to ignorance they didn't know anything about, so it remains for him to convince them and continue his bitcoin and other cryptocurrency stuff.

Long -term investment can be higher than short -term investment for making money from Bitcoin market. You manage the DCA and employ yourself a programmer for it and let it be relentlessly. In addition, you can purchase comparative dips with extensive verification to spread multipurpose investment and withdraw at Bulish season which is limited profit. Although long -term Bitcoin investment is expected to make huge profit.

The stories you share here often occur in places or regions where people are still very unfamiliar with current technology. In such an area, it would definitely be very strange to see someone making money from home. That's why the speculation that immediately comes to the minds of such people, when they see someone successful without being seen working anywhere, is about negative things. Because usually it's about negative things on the internet, sometimes even ordinary people know about these things, maybe because of the news circulating, because news like that always spreads quickly. Therefore, the minds of ordinary people who do not know or have not studied the world of the internet such as bitcoin or crypto will think that the world of the internet is negative.

Therefore, if we become bitcoin investors, where we live the majority of people are still unfamiliar with the world of the internet and also bitcoin/crypto. It would be better to remain anonymous and keep it private. Because if we don't keep it a secret, worry that many people will think we are doing negative things.
But I believe that in the next few years, the majority of people will slowly learn about bitcoin and crypto. So surely misunderstandings like the one in your story will occur less and less frequently.

When it comes to Bitcoin investment, there are many ways we could earn from the market. Even though we are not experienced in programming to build our own app, we can always employ good programmers to do the work for us so that we can make money from. Such app without any fear. There are many reasons we could being wealth to people in the Crypto world but many of us might not be experienced to that level. We ought to invest versatile for us to enjoy the wealth in cryptocurrency.

It's like what the parents did to their child was below the belt. It's not because the person who is not an employee is doing something stupid. It turns out that the action they took against their son was very unfair.

So what came out in the end was the parent who was wrong because he put his own child to shame just because they thought the child had done something bad. And that hurts on the part of the child; he can share his feelings with the parents.

Is very important to let your parents know the type of online business you are doing because, some of them have heard about many online business stories some people use to scam people just to get rich quickly in the community and it can bring disgrace to the entire family which is what some parents are avoiding whenever they see their children spending money they don't know source of their income.

But there are some children will never explain to their parent until their parent take such action before they can open up to their parents that the money they are using is a genuine money and, they made the money from BTC investment because there is no child that will open up to her or his parents like this and her parents will take them to police station.

Honestly the story does not make sense i mean if their son had no job but was able to invest in bitcoin then maybe he had his parents to give him some money which again does not make sense if the family was not well off in the first place.

or maybe the reason why his parents were so concerned was because that was their hard-earned money

To me his wealth is still questionable for him to live large. We all know that for you to earn big from bitcoin alone then you would have invested the part of the world and the parents are of the opinion that they did not finance him on his bitcoin investment.
Otherwise maybe he is into trading not hodling of bitcoin. There he can have such a luxurious life only if he is knowledgeable in the trading.

Any link to the source of information?
If the young guy is unemployed, how did he find money to invest in Bitcoin? He's definitely not an early adopter or early miner(obviously too young). Did he get some money from his poor parents? I get that the poor people are usually stuck in the "get a job" mindset, but I'm really suspicious of "investors", who don't have a job and a steady income source on a monthly basis. What if this young "Bitcoin investor" suddenly loses all his BTC(his wallet gets hacked or he forgets his passwords and private keys)? He starts again from Day 1, being flat broke and unemployed. The world is full of people, who still think that Bitcoin/crypto is a scam and I totally get their point of view, but calling the police instead of talking to your son about his financial situation seems like total nonsense.

First, congratulations to the young man on his Bitcoin accomplishment. Remember, investing in Bitcoin - or any asset class - is about long-term growth, not immediate riches. Financial literacy matters. I know old income structures are more recognizable, but condemning new wealth paths isnt development.

Sadly, this story illustrates the generational difference and widespread ignorance about changing financial conditions. The parents may have learned and bridged the gap before judging. This happened with the internet, social media, and rock-and-roll. True spirit is open-mindedness. Dont judge what we dont understand; educate ourselves and others. Bitcoin is an opportunity, not a threat.

This kid needs to move out of his parent's house, that's the only way out of this one, if your own parents can't fathom what you do even if you explained it already and you're truthful about doing nothing wrong and they still think that you're wrong, you need to be out of that house ASAP. I've seen this quote in my social media feed.


It's a profound quote but at the same time a challenge to the norm that just because you're old doesn't mean that you've got all of the wisdom and knowledge and that everything that you say is true. So regarding this, if the people that you care the most do not understand what you do no matter what way you explain it, you're better off not talking about what you do to them, this applies not just with bitcoin.

As mentioned by a few other users, I strongly believe that there must have been a communicative misunderstanding if the story is true and isn't false or fabricated. I say that because parents can't be like that, no matter what region, country, religion, ethnicity, or race they belong to, parents love their children more than anything in the entire world, and parents would even try to hide the criminal activities of a child if they are involved in something, so how can they call the police on their child if they don't understand the source of income of their child? That's bizarre and unbelievable.

Either the child didn't take the responsibility to make his parents understand what he does, or the parents misunderstood something or maybe they were influenced by the words of other people around them as we know how many haters are there for Bitcoin.

In any case, I can't believe that parents can call the police on their child for something that they aren't even sure of if is an illegal thing or not.

actually when your children is not in good position to do whatever thing they are doing that brings light and joy for the family you will look very well to know exactly where the money is coming from because no parents today that does not plan good for the children they only wants their children to grow in rightful source so that is the only thing that I can sense that makes the parents to invite police for that child because they don't really know their source of income.

that is why I always emphasize that you have to inculcate the knowledge of Bitcoin to people who you feel that they don't know about Bitcoin if you take your time to educate your parents of Bitcoin they will understand the system of Bitcoin so the thing is that it based on the way we explain ourselves to people that is higher than us concerning Bitcoin with a good demonstration and illustration or parents will not come against you after explaining the importance and the benefit of bitcoin to them.

Use myself as a point of illustration because I could know or remember how many persons I brought to Bitcoin to know all about Bitcoin at that moment I first show them and article to read concerning Bitcoin so that the thing will make them to expand the their memory and they are thinking in Bitcoin so after that I have to give them the positive impact and negative impact of investing in Bitcoin so they all understood it and also continue from there and make their own research of Bitcoin today there are good in terms of Bitcoin investment trading of Bitcoin.


It can be possible for parents to notice when they are children is into a cryptocurrency business one thing is that when you are in good connection with your children you come observe all the necessary movement of your children because some parents do you monitor their children both their system and  otherwise, only thing that I will Lament toward these, is that the parents in question does not have the idea of Bitcoin because if they have the idea of Bitcoin there is nothing like inviting police to the children, so I believe that investment of Bitcoin is something that I have to do it good idea and the investigation so the parents wouldn't have  invited police to the children because of they are dealing with the Bitcoin transaction, from my own perspective I will say that the parents is myopic of Bitcoin that is why they reacted the way they did.

I'm still considering what prove you're asking for? Or am I supposed to go taking pictures at the scene and putting every sections of it in a virtual details? I'm tell am an uncalled for misconception story that happened between a bitcoin Investor and his uncivilized and uneducated parents and you're in doubt with the scenero being unbelievable.
Well, I advice you just pick that contexts talking about how bitcoin Investors should diversify their sources of income to some kind virtual designations so that people doesn't get attracted to monitor what your source of income is since you're always seemed steadily at home and not regulating to the prove of working for it. This should just serve fora piece of advice. That's if you find yourself in the society where people runs eye services and stressing on what doesn't concern them.

Let me tell you briefly as you're concerned to be convinced about the 21yrs old story, I came from an undeveloped country and right here we're faced with electricity power failures at most times so most persons rely on the electricities using the mechanical devices non as generator plants for privacy electricity supplies.
There came a time during the inflations that the economy became rough and tough causing rise for the cost of diesels which is a source feeding the plant at functions. Now some average citizens are even unabled to afford the diesel in powering their plants for electricity supplies and I wirh reliable sources of income could some extend afford to keep the life up because I've always been financial Concious so as to maintain an affordable lifestyle. So I was able to keep up affording the diesel and powering my house using the generator plant.

Guess what, sometimes along the lines a closed by neighbor walked to me asking what's the source of my income that it's being imagining because the state of the economy today is feared with how people could afford to sustain live with consumable products such as foods talk more or wasting money of diesel just to power the house with electricity.
Now you see @Beparanf, there are people behind already brainstorming about what doesn't really concerned them. This is just the context I wanted you to pick our of this 21yrs old boy story.

There is clearly a total lack of communication between the family members to reach this extreme measure which only embarrassed the young man for nothing after all. Probably the parents thought their son was engaged in online frauds or any other criminal activities, so they called the police to investigate what he was really doing on the internet for money. I won't say anything about the parents, because even though they may be ignorant, they may also have high moral standards, so if their son was doing something wrong, they would still decide for what is morally right, not going for a blind defense of their offspring.

That is a good alert for young people who are boasting large sums of money to their families without giving them convincing explanations on how they are making this income on the internet. Older people are likely to think youngs are indeed doing something forbidden, because for them it's hard to understand how the internet (something abstract) can generate money like that, as older people had to work hard and a lot to make minimum income on their early days, therefore this new concept of source of income just doesn't fit on their heads.

Is this a personal story or does it come from some online source? Calling the police on your child without even trying to talk to them first and figure out what's going on is just a messed up thing to do. I'm happy that the police actually found him not being guilty, but that was a risky thing, the guy didn't deserve it, and I think that kind of action can really hurt family relationships later on.
Assuming your son is a criminal simply because you don't understand what cryptos are and don't even bother to google before giving this person up to the police is a very wrong thing to do.

It is not uncommon for a parent to suddenly experience something they never expected or hear from their child, especially if the parent is not very aware. They may think about it negatively. Although they always wish good luck of their children. I think they called the police so that the matter could be resolved before anything major happened. The boy must have made a mistake here too, if he had explained this to his parents beforehand they would not have been so worried. The incident seems to have happened due to the ignorance of the boy's parents. Bitcoin is an investment where a common man can do what he never expected. There are many people who have made a lot of money from Bitcoin but it is true that not everyone will have the same problem.