Topic: Dangerous insights on bitcoin Investor (Read 808 times)

From our perspective, when parents discourage or forbid, we think they are close-minded and sterile in thought...But from our parents' perspective, they only want the best for us and don't want us to get lost in life. Which parent wants their child to become a criminal? Which parent wants their child to go to prison? Surely no parent wants that. We should not blame our parents because they are the older generation, they have sacrificed their whole lives to raise us and ignorance is inevitable. Instead, let's find a way to explain to them what we're doing, let's find a way to dispel their doubts and worries about bitcoin. Don't try to hide it from them because that will make them even more suspicious, and things will get worse.

It is true about the saying that says that anyone that is not informed is deformed, majority of our parents are not educated and at such how we relate to them is very  important to avoid much of the misconceptions, the young boy would have understand the level at which his parents can can comprehend his his job description. But however, most of our parents has really failed to recognize the world revolution in terms of growing digital explorations but yeah no one can really tell much what he she she didn't understand, the boy would have looked for a better of way telling his parents that things are no longer the way it uses to be, technology has really make things easier and people can actually worked from home.

With family members, of course we have to be more open about the investments we make so that they don't think we have committed unlawful acts in earning income and if we invest in Bitcoin, of course we have to be able to tell a family member who we can entrust with our investment. run it because this is very useful for them in the future and if something happens as you say of course they can still enjoy what we have collected, because if we don't tell other family members of course this is very unfortunate because what we have collected cannot be used This would really be very detrimental.

We must not gossip about investment matters and our sources of income in front of everyone. Our investments and gains must be confidential. If you tell someone about your profits and investments, he may target you for theft, envy you, or try to discourage you with negative comments resulting from his ignorance. Or if you are in one of the countries that ban Bitcoin, he may report you to the legal authorities. It is not the responsibility of every person to tell all members of his family about Bitcoin or cryptocurrencies, but instead, choose one of the suitable people who have a curiosity for knowledge, a love of learning, an open mind, and who accept different opinions and who begins to ask questions.

Some parents might be close-minded and sterile in thought, or they may not be worthy or qualified for their children to disclose their private matters to them due to their old age and lack of experience, and misconceptions about this field, that it is a scam, unreal money, and a lot of nonsense and falsehoods as if their son were a Drug Dealer.

It makes sense, folks, to be open about your investments. Protecting your family comes before bragging. Your family need to know about something as significant as Bitcoin. Its their future, not only money. Though there's always a chance someone will blab, your family knows where to look for you in the event of your death. They're protected. People, bitcoin is the winner. Its solid, its secure. And its about the freedom it offers as much as the money. Share thus the money and the wisdom. Its common sense, its protecting your loved ones. Its about giving them peace of mind, no matter what.

Or do we just have to say the boy was ignorant and disrespectful to his parents? because believably the parents had at some points demanded to know his source of income and due to the fact of the advice always being spread about keeping our bitcoin investment anonymous and don't even trust relatives, he might have applied this system which could be a lack of knowledge to him because he should had not taken that up to his parents but should had been opened to them.
The parents too being out of the era of technologies of today may have misunderstood the boy of paraventurely he had explained to them.
It's just uncalled for involving the police.

If they can explain well what they are doing, of course things like that will never happen and it would be better when we do a job that can earn us a large income. It would be better if we first explain to the people closest to us about what we are doing and don't let it happen. they think that what we did violated the applicable law.

Reporting to the police about actions carried out by their children is certainly difficult for their children and this could cause their children to have mental stress and I agree with you that it would be better for them to listen to their children's explanations first, because they are investing in their past and this time is very different.

Usually the first point is that the boy's father is uneducated by calling the police and creating this problem. And the second point was the intelligence of the people around the boy's house was taken by the boy's parents. That's why it is possible to talk about bitcoins only very close people, but the people who live next to my house or the people who live next to that boy's house are advantageous. not  Because his parents must have given bad advice that your son may have earned and invested money from illegal sources. Therefore, the lesson should be learned from here that all people should never take their neighbors for granted.

I really understand how old people's thoughts often don't match what we live in in this era of technological progress. And this is quite natural because the world is different and the technological capabilities of each parent are quite difficult.

But what I don't understand is why they have to call the police, which usually just creates difficulties for their children. Didn't they think to listen to the explanation first and believe that their child was doing something good even though they didn't understand everything? Like my parents too. Q

Exactly, that'd had been the best step of the parent. Knowing that calling the government security agencies on the guy was an extreme action of them that proves no mercy but jungle justice to the guy. They never rh thought it he'd end up in jail in the course of facing the law if actually he was into illegal activities. So, taking this up to the family and relatives would had been best because there the parents conscience will be cleared if h was into frauding or not but all to say learned families can always handle such case amicably and for good.

The poor social status of the guys parents and lack of proper understanding of the new world order is what is affecting them, considering the way the parents of the young man are and there level of understand, there was no explanation that young man would have given to them that would have been satisfied enough for them given their level of understand or knowledge especially with the fact that the only thing that could make their child do well at his age was internet fraud in their own thinking. But the cruelt part was to call for the arrest of the young man, that's too much of escalation taken too far, at least there should be enlightened other family members and closed relative that could explain the job of the young man to the parents, so as to avoid him  been accosted.

Keeping quiet and not bragging is the right thing to do, but not for everyone, especially those closest to us. In my opinion, we should at least let our wives or parents know that we are investing in bitcoin. Although there is a risk that they could reveal that secret to others, on the other hand it has the advantage that as I said, if an unexpected accident happens to us, our bitcoins will not be wasted.

Like the story I just encountered, my friend's mother suddenly passed away but did not have time to write a will and reveal to her children where the money was kept. Currently, her children still have not found the money she worked hard all her life to save. This is the disadvantage of not sharing secrets with 1 or 2 people closest to you.

I don't know what to say. Aren't they proud of their kid? While it should be understood that they're just worried and curious but it doesn't have to go like that.

They can simply ask their kid on how he's doing and explain things to them, this is really why lack of knowledge or having a little of it is very dangerous.

I wouldn't even tell anyone to it how it goes until someone asks me willingly how investing goes into Bitcoin.

Being silent related to investment and other personal stuff is really important since we are just avoiding our self to any possible problem what can be bought up by sharing some information about what we are doing and what activities we are participating.

If they know bitcoin is good then they might think about that we are earning a lot so for sure our life might became in messy situation especially if they are the type of person who ask money for those people which they take they can take advantage on. Also this is really a security risk since there might be a curious criminal minded person might got interest on what we have especially if they share the information then get curious to know how much income we get from our bitcoin investment.

Start up your business is great challenging and most of start ups fail. In cryptocurrency industry, altcoin projects can be considered as start ups and most of them fail too. You have to take risk to achieve financial freedom and working in freedom too but there is another way to achieve financial freedom. Invest your money to a good asset that can be either gold or Bitcoin or anything you already do due diligent research and see it is safe and good for investment.

Without experience, they should only stick to investment in Bitcoin, don't invest in altcoins, hidden gems and surely don't trade.

If you don't have experience in this market as an investor, it's harder for you to debut as a trader. Risk to lose money is bigger than chance to get profit through trading as a newbie.

It's not as easy as you make it sound. Not everyone can create apps or start projects to earn money and besides, even if people try to create projects, if their motive is only to earn money, their projects will barely get the recognition that they want because they won't have good ideas for the projects since they are doing it only for the money and not to serve the community.

People who don't have any of such experience shouldn't even try it because if they spend some money on it and a lot of time, they are going to go in waste if the projects fail, they will lose their money and the time spent will be wasted as well.

Those without experience should stick to trading and investments.

It is unfortunate that this guy find himself in such ugly situation, although the blame should go to him and his parents too, I think parents have role to play in some certain things, ordinarily his parents would have approached  him to know the exact thing he does although we can never tell how educated and exposed his parents are, there are some families irrespective how poor they are, they wouldn't want their family name to be stained, the fact still remains that there are people that doesn't believe in Bitcoin or other crypto projects because their mindset has been filled with misinformation about crypto at such they believe that every crypto enthusiast is a fraudsters.

We should learn from this, no matter how uneducated or uninformed our parents or brothers are, we should be able to open up to them on what we do, we don't know who they talk to when we are not present, the question people ask them may triger them to utter some stuff that is not needed, thankGod that the guy was set free after they thorough investigation by the appropriate authorities that proved him innocent, who knows how this guy will feel as he is been released, as I said earlier both the parents and the guy should be blamed for what happened because there is no close interaction between him and his parents, if there was this wouldn't have occured.

Most of the time it is better to just invest by your own decisions. FOMO and FUD are things you can get from all the speculations that goes around the internet.

however it is still good to be aware of all news. They might help you make some plans for the future term but be aware that these news will not always be affecting the market.
Additionally, people are going to want to make comments about your decision and make you feel as if you are doing the wrong thing. Investing is something that should be personalized because not everything will work for the same people.

Invest or trade silently without noise the public on what I am doing, is better practice for my investment, trading activities and my privacy, security too.

If people know I am investing or trading Bitcoin, when they meet me, they will talk about it and can create some pressure on me, affect my emotion then decision in investment or trading, it's not good at all.

Privacy and security of my fund and my life are other important things to consider.

The family term is too broad. I surely let my own small family know about that and we should do this to my husband, wife, spouse, but if the family is broader like relatives, I don't do this. Again it is for privacy and security and another reason is I don't want to give financial advice to others and have to be blamed for that or feel myself that I should be responsible for their decisions.

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.

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.

Let’s be honest: no parent will call on the police for their child.

Especially if they have a poor background, why would they
endanger their child’s welfare? Op, are you just inventing stories?
Or perhaps exaggerating some details?

No poor family will be against their kid’s earnings. Even if they
disapproved their kid’s methods of income, they would never tell it to
the police. The only type of people I can think that will do this kind of thing
are the middle to upper class white parents.

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.

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.

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.

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.

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.

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.

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.  

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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

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

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.