Topic: Dangerous insights on bitcoin Investor - page 3. (Read 808 times)

Those who are still worried and doubtful about Bitcoin investment don't need to make it a problem or anything, because they will eventually realize when they see the profits made by Bitcoin investors this year. I'm pretty sure that people who haven't paid attention to Bitcoin investors will naturally do so by setting their attention on Bitcoin because basically they also really want to make a profit through Bitcoin which will ultimately try to learn investing themselves. So you don't need to waste time on those who are still worried and doubtful about Bitcoin.

In this situation,i think the boy is to be blame,he should have explained to his parents initially before making his money and along the way of investment keep explaining to them before he starts cashing out,even if they're illiterates they will still understand,in that way, his parents will not be shocked and call the police,no matter how notorious you are at least one of your parent would know when you are saying the truth,and will convince the other mainly the mother that you are on the right track.

   The parents are scared of what the society will say and do to them ,if it happens that their son is involved in illegal activities.   

 You know ignorance can really cause a great damage and ignorance is the root of all suffering, you wouldn’t consider the boy’s parent as his enemy just because they are not enlightened to know that Bitcoin is a thing. Not everyone is fortunate like you to access the internet plus some people still prefer the old fashioned way of doing things. What happened between the OP and his parent is just a misunderstanding and it a more reason why education is important. I believe that after the incident they would have known better that someone can actually make a living out of bitcoin investments and if they show interest they can know a lot more about the new technology. There are lot of people who still needs enlightenment about Bitcoin and the blockchain technology and how it works.
  I think the victims parent should have done better instead of calling the police on their son, that act could even bring more trouble to the family, if the son is a hot head, he wouldn’t forgive his parent for what they did but then if he his wise enough and he will chooses his family first, he wouldn’t blame them for their ignorance. Personally I wouldn’t blame the poor kid’s parents they may simply be old fashioned or probably don’t even have access to the internet. If awareness can be brought to places where there are little knowledge about bitcoin it will be a win win for the crypto world cause they will be having more people interested to participate in the crypto market. There’s still a lot work to do in terms of creating awareness and enlightenment, they are agencies setting up seminars or holding talks about crypto, these are good ways of spreading the message across people. The crypto gospel still needs to be spread and taught right across the globe for it now part of our lives.

I mean calling the police on your son, I dont know about that, that just dumb even though there was some suspicion of illegal activities it's probably not a good way to do it.

I dont really understand it, if they dont understand what their son is doing and probably they think that it is related to some activities, I mean why not just talk to him right? it's a much easier way to understand what your son is doing just ask him. And for sure the son is going to explain it to them even though they doesnt have an understanding to it.

I dont know if the story or true, but in the first place I wouldn't recommend investing in Bitcoin or any cryptocurrency out there without having some kind of source of income, because it is still a very risky investment going on it without having some kind of backup is not going to be a good idea, for sure you might probably profit on investment but it's not going to be a good practice considering you might force to sell your investment because you needed the money or there was some kind of emergency. But if you have the financial foundation, having emergency funds, have savings, insurance, etc. you could easily hold your investment for the long term without getting FOMO or worrying about it, because you have the funds to survive on having sources of income.

This is saddening. I can’t help but imagine what it was like to be in the shoes of the 21 year old. Why would you parent call the police on you. If they suspect he’s doing something fraudulent, the love they have for him would make them not report him but they wouldn’t involve themselves in it as well and keep hoping he quits it. But look where it headed, he invests in cryptocurrency.

Probably that family would forever have issues because the young man must be feeling betrayed by his own parents.

I don't think it's a made up story i have seen parent doing this when their son is involved in illegal activities or something which will b bad for them on longer run and here what I understood the parents had no idea about Bitcoin they thought it's a scam and since the earnings increased rapidly they thought their son is involved in something illegal and hence to secure his future they called upon police assuming this will lead to more illegal work.
Note: As per parents they though he is involved into something illegal or fishy.

This was my first take as well, if at the first opportunity your parents call the cops on you due to their ignorance and misconceptions even when you are doing nothing wrong, maybe it is time to take as much distance from them as possible and keep it that way for a long time, since even if there has been for years a campaign against bitcoin by the governments to try to ruin its image, that move is simply too much and it requires for a person to make their own move to protect themselves from their own parents.

The dude was a minor so it was going to a problem one way or another. The parents are right to be worried because they don't know if that kid is selling CP or some other illegal stuff like pirated software etc and according to the story, the parents were right indeed. I don't understand where you are trying to get to with this post OP. The dude was a fraudster, he was a minor too but still he wasn't making his money from gambling/selling art/coding etc. He was scamming people. I heard In the US the parents can get in trouble for not watching over their kids and it is because the parents are responsible for their kids' actions. If this guy was making his coins legally, I would have written a totally different post but that's not the case here.

If am in the same shoe with that guy, I will first impact the knowledge of Bitcoin and cryptocurrency to my parents first, for them to understand what Bitcoin and cryptocurrency is all about and how to invest fiat money on Bitcoin and cryptocurrency and hold for a long period of time before you can sell to make income. After that, you can let your parents know that you have made a huge amount of money from Bitcoin investment, and it will be difficult for your parents to have the mind to take you to police station. I think, not all parents will do such a thing to their son without a proper investigating to know the source of their son income before taking action.

I also don't believe this story, no parent would harm their child while their child is trying to earn money to support the whole family. There may be some confusion because many parents do not know about bitcoin and feel nervous about their children investing in bitcoin. But they will definitely talk to each other to solve the problem, and there will never be a parent calling the police to arrest their son when he is trying to earn money to support the family. I've never seen or heard any similar stories before so I really don't believe it.

I believe it was the fault of the boy and also that of his parents. A child should try and explain to their parents the source of their income and if the parents find the source of their son's income to be legit, they will support the son any way they can. Parents don't have to call the police on their Son for just a minor case like this one, meanwhile they have not even asked their son to properly explain how he has become so rich when he is not working on any real job. Since my mum found out I love cryptocurrency, she occasionally ask me about my success with crypto. If luck is on my side this season and I have 1000% profit on the altcoin I bought, it will not be a surprise to my parents.

Many people do not take a good look at investing in bitcoin. They think that investing in it can lead to many problems.  Moreover they may face unexpected losses. They are worried about investing in btc. But they don't know that investing in BTC is the most profitable. And if you invest in it, money is guaranteed. Those who don't know who to inform about it.  .and ask to come out of misconceptions.

Some parents have this mentality that their children most have a job either after graduation from university or before the university so if you're not doing or going towards this expectation then you are considered a deviant child. I don't blame those parents for their actions it's because of the mentality they have about life, so when there is a social change in the society we owe them the task to begin to enlighten them on how the world is moving if not when they experience this social change for the first time it's begins to ring in their heads like you are doing something odd.

Discipline is what this type of parent terms the action whereas it's not, the defendant should have just clearly put it to his parents in a way that they would have understood instead of keeping quiet to the extent that he has to be arrested.

Just as you said it should be a big lesson for those who don't have regular job a part from trading and investment in bitcoin then we should have something doing at least a business to attend to especially when we are still in our parents house.

Communication matters alot, since people from this region have a low mentality about bitcoin it is the duty of the boy to explain things to his parents for them to get good understanding about what he is doing with bitcoin because it is only your parents can have patience to understand what you are saying, if you are unable to really give your parents a good understanding about the things you do that means their is a problem.  Another thing we need to know is to understand the environment we come from and go about it with wisdom. If you come from a place where young people who have money are seen to be fraudsters,  the best thing to do is to live a life that no one knows you have money.

An interesting story, it seems that this problem occurs because there is no good communication between children and parents.  But basically a parent will never be willing if his child is imprisoned by the police. If in my country I think parents would certainly communicate a lot or pay more attention and a lot is resolved properly in the family. The police are the last resort if the problem is not resolved properly.

I won't say this is common in my country, but this has happened to friends and even myself; I mean the doubts, the suspicion, coming from the family. I haven't heard of parents or relatives making reports to the police though, but the impression that we are involved in some kind of scam has always been there.

When I was new in crypto, especially during the height of the ICO, some crypto friends and acquaintance are even minors, but they made money, good money. They had to seek the help of their parents and relatives when cashing out. That's when the parents are surprised how these youngsters are already earning big. And that's also when the suspicion usually came.

Understandably, maybe when the young man was still high, there was limited information about investing in the digital world in this case, BTC and of course the educational orientation of parents was different in terms of investment, but if I judge from the behavior of his parents, I think it is very natural if they parents confirm with the authorities because they do not want their son to be in trouble with the law in the end.



Maybe, for future investment no one knows for sure what will happen in the future, but if we have made a smart investment in BTC from now on, maybe the picture of the future will begin to read.

Of course, the crypto market is a business market and today the price of BTC if wee look is considered high enough for us to buy and invest, but I think it is still relevant because but if the price is up to 150K maybe this is the second cheapest opportunity for us to add load after a decline.

The most important thing is that we are already in with BTC with realistic investment forecasts in order to easily manage risk effectively.

I do not know how authentic the story might be but I think it also have chances of happening, I know for some years back when my guys parents called the police on my freind, so I would not doubt in this case. Humans are built different most parents when not physically or mentally capable of controlling the child then the police would serve as a bigger threat. I would not blame the parents because they seem very ignorant and to pay close in detail   what OP said he made mention of the 21 yrs old child acquiring stuffs worth more than his age range, meaning they were likely suspicious of him being involved in some unhealthy sources of making money, I think it was done out of parental love but I am also happy he verdict himself as Bitcoin being the sources of his income.

What kind of parents would call the police on their son just because he is doing well financially? I don't believe this story because parents tend to love their children like nothing else in the world, a parent would be ready to sacrifice their life for their children, and no matter how ignorant they might be, they wouldn't get their son in trouble just because he is doing well financially.

Parents would give their son a chance to explain everything to them, and when he does, the first thing is that they would understand if they are told in a good manner, and even if they don't understand, they would simply ask him to stay away from frauds and illegal things if they thought Bitcoin was bad, but they would never get him in trouble by calling the police or authorities.

It's extremely messed up to call the police on your own child if that child is not causing any violence and doing something truly bad. I think most parents in this world wouldn't do such thing even if they'd thought that crypto is something illegal.

But this story is another example why you shouldn't tell everyone about your crypto endeavors, even to your family, or maybe especially to your family, because there's lots of ways how it can create tensions in the future.