Topic: My friend interested in investing in BTC but the friend's father does not agree (Read 606 times)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Firstly, it's important to acknowledge that investing in Bitcoin or any other cryptocurrency involves certain risks. The volatile nature of the crypto market means that prices can fluctuate dramatically, and there is always a possibility of financial loss.

I would suggest exercising caution and considering the potential consequences. As he hold a government job, it is crucial to prioritize the stability and security of his employment. Any activity that is explicitly prohibited by the government can jeopardize his professional standing and lead to severe penalties.

If he decide to invest in Bitcoin despite these concerns, I would strongly advise taking certain precautions. Here are a few recommendations:

1. Education : Before making any investment, thoroughly research and understand the risks involved with cryptocurrencies. He should learn about blockchain technology, the fundamentals of Bitcoin, and the factors that influence its value.

2. Maintain privacy: Be mindful of actions and ensure that investment activities do not become public knowledge, especially within his workplace. Take steps to protect his identity and avoid discussing investments with colleagues or on public forums.

4. Diversify portfolio: Instead of investing solely in Bitcoin, consider diversifying investment portfolio to mitigate risks. Explore other traditional investment options that align with risk appetite and financial goals.

Ultimately, the decision to invest in Bitcoin or any other cryptocurrency lies with him. However, it is crucial to weigh the potential benefits against the legal and professional risks involved. His job security and compliance with government regulations should be of utmost importance.

Thanks !!

To begin, I would suggest emphasizing the importance of focusing more on his job. As he is already established, he has the opportunity to invest in Bitcoin as a result of his work. Investing in Bitcoin will not interfere with his job responsibilities, as it simply involves buying and storing it in a secure wallet. Considering the current situation, he can allocate a portion of his savings each month to gradually acquire Bitcoin. It's important to note that investing in Bitcoin should be seen as an additional investment due to its high volatility. This way, he can mitigate risks and ensure that he doesn't have to sell his holdings in case of emergency situations.

I would choose a government job instead of investing in bitcoin because I have a family and small children. I don't want to be caught and ruin my child's future because of my fleeting desires. Above all, investing in bitcoin does not guarantee that we will get rich from it and be financially free with it. While with the government job, I will definitely earn more money.

then let him be , Bitcoin is for the future and yes your friend has a guts to take that risk and indeed banning is not permanent so what about the banning lifted in the future?

INVEST IN BITCOIN NO MATTER WHAT because we knew that there will be a great things to come for all of bitcoin supporters    lol .

Up to this point, you must understand the risks. You are involved in this space actually violate, and if you teach your friends then it means you make the network of violators wider.


Aren't you already halfway through guiding your friend? Your decision depends on two considerations, you care about the solidarity of your friendship, so continue this guidance. Or you care about the law then stop here.

You like to get into trouble. Don't give financial advice to anyone unless you are extremely confident and are asked on your knees. You were wrong to talk to them about bitcoin and now you want to fix it? In a country where it is forbidden and he can suffer penalties as well as being fired from a good job for it, buying bitcoin is a high risk, which if he does it for ideology, to contribute to a better world, I could still understand, but if it is to get rich, and he already has a wealthy situation, he is playing with fire.

Mate , why need to bother for everything when it is clearly says in your post the reason about this issue as your friend is a government  employee so how can you expect Him to invest in something illegal? this not only risking His Job and only will ruin His life.

I am not against investing in bitcoin specially those from countries that has Banning this coin but at least I respect their belief and caring  about their lives.

What fathers do is right out of concern for their children, they mean nothing else.  like many here, we have no relationship with him, but most also advise him not to invest in bitcoin because of his special circumstances. he lives in a country that bans bitcoin and is a government employee and most likely the family's breadwinner.  You do not know their family situation, do not instigate a separation of their family feelings. parents are the people who gave birth to us and always want the best for us.  Just because of bitcoins that you are willing to cut ties with them, then your parents are unlucky to have a child like you.

I can see the reluctance of the father playing a major role in him deciding whether he would follow through with investing in bitcoin or not. Most Asian countries revere their father in a certain level that their words hold its weight in gold, even if it's something that is completely against the plans of their children. Which is why so many kids end up with jobs and careers they don't really like. In any case, since bitcoin's still illegal in their country it's best if they lay-low with it for now, or at least be discreet with their investments. The last thing they want is having their Police authority knock on the door and cuffing him cause he holds a few bitcoins in their wallet.

Lastly, of course as you said Yatsan, is to study and do your own research. The market is unrelenting and a lot of people lost money in this industry because they didn't think it would be that beneficial to not learn about the ins and outs of bitcoin first before investing. Don't be like those people and acquire ample knowledge before moving forward.

His father is just protecting his son that's why he's against investing into Bitcoin. That's it.

Knowing that Bitcoin, and cryptocurrency are officially banned in your country, I don't see any bad intentions on the side of the father, but he's just protecting it. Since you said that cryptocurrencies are banned in your country, using Bitcoin is like fighting against the government. Yes there are some ways for a particular person to have access into Bitcoin, buy it, and hold it, but the question is, is it worth it knowing that anytime, The government might know that you're involved into it? I know how good of an investment Bitcoin (and how bad it is as well), but if it's banned in your country you have 2 options. Either access it at your own risk, or don't access it at all.

Just let him decide LOL!!!

Is he a crybaby that can't decide on himself? Is he a toddler that needs to be taught? No he is a government staff like you said, so most probably he can decide on whatever he wanted to. He's working, so he has money to be used in investing.

If it's his own money, then he may hide it from his father. But what's important is if your friend fully understands whaat he is engaging himself with. He should be fsmiliar wwith the risk and the nature of the market prices wherein there will be times the market value of Bitcoin would fall which will display loss on his portfolio. This is for his own good and for yoy to not be blame if ever something unfortunaate would happen. And with regards to his father's opinion, we should accept the fact that not all people would be interested towards this industry and that's better than for them to push through without understanding a single thing.If they can find a way despite of the situation, and still decide to do so, I guess that's their own will and the only thing we csn do is support it as long as it is feaasible. For sure they know what would be the possible problems and it's their initiative to still continue.

If your friend does shows up some interest on Bitcoin but you dont want on getting blamed then its better to tell him that it would really be just depending or according into him whether he would involved or not because you dont want to get blamed if he would be able to lost up his govt job which makes their life better.Its true that it is really that truly a risk on dealing up with something which you do know that it could really mess up your life specially if its banned or prohibited. Then it would really be just that right that you would really be having hindrance or having second thoughts on whether you should proceed or not. Thing here is that you shouldnt really be making out some guarantees about success or whatsoever because this would really be in resulting into those bad impressions on which it is something needs to be stopped while its still early. You wouldnt really be risking your friendship but also you would really be risking yourself on getting blamed if you do make out those assurances.

I checked your local forum, if i am not wrong you are in Bangladesh (Bengali Language), i have learned on the internet that Bangladesh Regulator prohibit trading. I saw on an article "Trading in cryptocurrency not allowed in Bangladesh" this arcticle said that Regulator Bank emphases to refrain all form of virtual coin or crypto currency trading. But how is your opinion? that if he invest in other country then withdraw into bangladesh in form of US Dollars or in fiat if supported. 

What suggestions do you think you could give a fully grown adult who has decided to invest in bitcoin other than to advise him to make every effort to remain anonymous while investing in bitcoin, to use his spare money, and not to view bitcoin as a get-rich-quick scheme, and to keep all information about it a secret at all costs because bitcoin is illegal in your country. If he is ever caught by the government, he shouldn't point his finger or blame you for his downfall because he was aware of the dangers before him as a government worker and he decides to take the risk of his own will 

He's not a minor anymore? He can earn his own dime? He can stand to move out if his father decides to kick him out if they learn about him investing in bitcoin? If your answer is yes, then he can stand to invest in bitcoin. I hate it when relatives and close family members stick their nose in everything including the way I work my money, so my usual solution to these kinds of problem is to outright cut them off entirely because the toxicity will only start and compound from there. They wouldn't stop snooping on everything, giving you unsolicited advice that is also backhanded at the same time for no fucking reason, until it's you who'll really decide to move out cause the toxicity is just too much for you to bear. This is also why I don't tell anyone what I do. Just keeps you from the trouble of letting people know and them throwing in advice that you didn't ask them for, plus stuff that you don't even want from them.

This is not ethical for me and we don't need to seek for the consent of our father for us to make some certain decisions. We are not supposed to seek the consent of our father to make some investment decision when it is certain that it is high time people need to start making decisions no matter how tough it is.

Those who are asking for permission from there parent to make investment decision that would help them to make a lot for money from the market are only playing. But the question I need to ask is that even though the money he is spending comes from the father's source, he shouldn't have to take permission to make decisions when life can be so funny atimes.

You should not meddle in his own decision in life. I believe he’s responsible for his own future and knowing he’s already an adult, he should know what to do either to invest in an illegal investment or not. Especially that he’s a government employee, it’s obvious that he should serve more as a role model than to act as the first to disobey the rules just for his love for money. Although bitcoin investment is reasonable and profitable, but I guess in this kind of situation, he should preserve his job more than aiming good investment returns.

Since cryptocurrency is illegal in his country, I'd say he'd better stay away from investing with so much risk. I think it's not just about his money risk, maybe he got caught by the government while investing with his new hands and had to go to jail and lost his government job.
But it is also true that Bitcoin's decentralization is free from government bans. But since Bitcoin is still not so famous worldwide, he has to exchange it to use it or convert from fiat currency to buy it. This is where the risk lies, so tell him to avoid investment for now.

I don't think in this situation there is a necessary to invest in Bitcoin so I will say that give your friend to not investment in bitcoin if he don't know how to use it secretly.
The big reason is he is a government employee and this can be a cause for his job suspension. So, since he wants to earn a stable income from his job, I think he should invest in Bitcoin to gain some extra profit with his risk. Another reason for suggesting that he not invest in Bitcoin is that he is new to the subject and naturally does not know much about security so his activities are more likely to be noticed by the government.
Tell him to wait until the government legalizes crypto currency.
If he still wants to do it, let him know about security first.

It is an obvious scenario.  Bitcoin is banned in your country so trading or even buying Bitcoin can be called illegal trade which has penalty if caught.  Why don't you suggest your friend to be a good citizen and follow the government law. This is saving you from any fault later if your friend's action is busted by the government.

Your friend is old enough to think for himself.  He asked you about your opinion maybe because he wanted to find someone to blame in case he encounters trouble.  If I am in your shoes, I would love to see my friend free from troubles and since your friend isn't lacking, why tell him to invest in Bitcoin and get problem later.  If you are his true friend then you should prioritize his safety than promote illegal things just for the sake of Bitcoin adoption.  Bitcoin will be adopted elsewhere, by the country that does not ban it.  Keep your friend safe and advise him not to deal with Bitcoin because it is an illegal thing in your country.

In our country, many people working for government agencies are only 30-40 years old, and that age still has parents. Furthermore, sometimes the jobs he received were handed down from his father, so many decisions required consultation with someone as experienced as our father.

I also agree with his father's advice, as his work is going very well, and the trade-offs are disproportionate. To be fair, bitcoin is still a question mark in the future, so trading a career just to invest in bitcoin is not worth it.

It really depends on how much money your friend has, As in your title you are saying that your friend is ready to invest it means he is convinced and his father is not. If the money he wants to invest in his father's then buddy there is no way he can invest it because he doesn't own it and e can't even convince his father reason most f the time elders think that it's a waste of money. Their argument is valid on some levels because they earned that money through hard work and they don't want to ruin it for the sake of some extra profits.

This thinking pattern can be changed by educating the which is a difficult task but it's really possible, If your friend has his own money and he can afford to even lose it then he can convince his father by giving strong facts here proper education will not be required as the father can understand my son is earning now and he wants to find more ways to make his life easy. In the father's case, bro father has more responsibilities even after giving strong facts and shreds of evidence he can't take risks because he wants to feed his children and loved ones well.

Op, from your story and writing style you seem pretty young, but in any case I just want to mention that if cryptos are illegal and penalties are harsh, it's worth strongly considering whether you should get involved (and your friend). If your friend has a good job, working for the government, this sort of illegal involvement could ruin his life. If his job has any impact on financial policies, he could advocate for milder policies or make it a long-term goal.
To be honest, your story seems somewhat weird because it seems one has to be an adult to work for the government, and yet you say his father doesn't allow him to invest, which sounds more like something that can happen to a minor.

The benefits of bitcoin are undeniable. But in this case, the benefit of bitcoin will be nothing compared to his work. So no need to explain to his dad about bitcoin, what his dad said just wanted good for him. Bitcoin is a banned asset in their country, and he is a government employee with a very high salary. And if he quits his job to invest in bitcoin, there is no guarantee that bitcoin will bring him more than he already has.

Your friend is big enough to make his own decisions on his own money. His father is just worried about the risk and the consequences of investing in Bitcoin, knowing that it is illegal in your country. But if your friend is really interested, he should start researching first about Bitcoin and crypto so he'll know what to do before investing. Also since it's illegal, he needs to be extra careful if he wants to enter the space.

Rather than persuading your friend to invest in Bitcoin, let him choose what to do. Tell him the risks, consequences, and benefits of it. Because personally, I don't want to somehow "force" other people to invest in Bitcoin if they are still in doubt. Since it's their money, it's their choice and I don't want to be responsible for that.

If am the one I will analysis to my friends dad how interesting bitcoin his.... But is also on a high risk so anybody is not advised to jump in to the investment,  it is essential to know or understand the basic concepts and principles.  It is the most famous block chain project and also the largest cryptocurrency, it involve involve strategy on risk profile.

Don't forget their country is a bitcoin ban, and OP's friend is a government employee. Telling him to invest more or less in bitcoin would also be very risky for him, it could even destroy his life and his whole family. Bitcoin is good, but it is not the only way to be successful, we have many other things that are as good as bitcoin. Moreover, he is having a well-paid job, which anyone would covet. The risk-benefit comparison clearly shows that the risks outweigh the benefits in this situation, so it would be foolish for the OP's friend to invest in bitcoin still stubbornly.

Bitcoin is a potential investment but also fraught with risk. It does not guarantee you a rich future, it does not provide a daily income for you and your family. It cannot be compared to a stable job with a high salary.

I believe from the first time that you guys have made a mistake. How could your friend tell his father that he wanted to invest half of his salary into a bitcoin? Is he still a daddy's boy considering that he already works for the government? If so, investing in BTC won't interfere with his job, and if he is discreet enough to keep his secret about how he earns money in addition to working for the government, it won't be a big deal.

Since your friend is interested in investing then he can invest in bitcoin if he wants but first of all you advise your friend to spend as much time as possible behind this investment besides his job without risking his job investing in bitcoin because investment never guarantees profit. No matter where you invest you are never guaranteed a profit. If your friend quits his job and invests in Bitcoin, he may find it difficult to lead a normal life later because the investment is not immediately profitable and has to wait for a long time. The job usually requires 8 to 12 hours of duty and the rest of the time is for adequate investment. So you advise him not to take any decision about leaving the job.

I forgot to add this to my comments. Indeed, I am quite confident that it is only a matter of time before his government lifts the bitcoin ban. Because many years ago, many countries had a negative view of bitcoin, now they have a more friendly view and have gradually accepted bitcoin to a certain extent. Bitcoin and cryptocurrencies are inevitable, governments can't ignore them forever, and they will soon accept them, then, it's not too late for him to pursue bitcoin. It's never too late to invest in bitcoin.

You know if your friend is really into Bitcoin and he's really interested he would find a way to invest without having a problem, let's be real even some banned sites in our country we always find a way to use it for example pirating movies which is literally illegal but some people still use it. And I think it could be compare to Bitcoin since it's banned to their country. Of course his father would not allow him as the Bitcoin is banned plus the tendency of his father not knowing the complicated information about BTC and might know the risk of it. He might asked his father for advice but if I were your friend knowing this circumstances, I wouldn't even let anyone know I'm involve to BTC.

the decision is indeed in the hands of your friend.

I think you shouldn't make him quit his job, because I think your friend already has a regular income every month, and investing in BTC doesn't necessarily make money every month because investing in BTC is very risky and BTC investment will be better for the long term.

However, if a person is well educated and highly knowledgeable about Bitcoin, he will be interested in investing. Since your friend is not very knowledgeable about Bitcoin and you told him a little bit about Bitcoin that made him interested. Maybe your friend has a job and is struggling to meet his family expenses, so he heard about Bitcoin and thought of investing in it. Your friend may have thought of getting rich in no time by investing. But when he told his father about the investment, he might have given up fearing losing money. But if you can educate your friend and his father well about the volatility of the Bitcoin market, they will definitely invest.

Bitcoin transactions are prohibited in the country you live in, which is officially a legal offense. And if the administration finds out about Bitcoin transactions, you will have to face various difficulties. And it is very unlikely that a new investor will ever make a profit in the first place. So I would suggest your friend to get better knowledge about Bitcoin and all the volatility of the market. Later he thought about investing in Bitcoin, and now that he has a job it is more important to focus on his job. and when he can gain good knowledge about Bitcoin! Then it would be better to save some money from his job salary and later invest that money in Bitcoin.

My friend's father is a retired school teacher and has great respect for the law. My friend's father is afraid that his son's career could be damaged if the Bitcoin investment gets out and there is any legal trouble. With these things in mind, my friend's father won't let him invest in Bitcoin. But my friend is very careful about the law and he will invest on Bitcoin. But if he can protect the privacy, there will be no legal trouble.

Give respect to father, because he is the one who cared you throughout and made you reach the position working in a government job. People don't easily understand the concept and the market behind the term cryptocurrency. It will take time, but try to convince. When you find this is no more gonna get positive result the best choice is to buy him little bitcoin and store in a wallet on his phone and ask him to have a watch on the variation happening. Surely he'll realise the need as well S understand well about the technology that can make change in the financial system.

Well, a good citizen of a country is always law-abiding, but when it concerns Bitcoin dealings, some citizens become stubborn because they know the future benefits they can get from Bitcoin investment (pardon me, I said something like this yesterday). So, the ban on Bitcoin might be harsh in your country, but like I always say, everything should be done with a good application of knowledge. You will ask, "What do I mean?" Bitcoin investment is not like gold, where you will need anyone to hold it for you; it's not even any kind of investment where you will need to sign some documents under any authority. If your friend really wishes to buy bitcoin, first let him buy those bitcoins from a decentralized exchange; he should avoid a centralized exchange, which will require him to pass KYC and even save his IP address. Secondly, let him download the Electrum wallet and use it to store his coins; he can even uninstall the wallet after generating it and copying down his wallet phrase on paper. He should duplicate the wallet phrase in four places and keep it in a safe location that will leave no trace. Then he can just save his public wallet someplace so that any time he buys Bitcoin, he will just send it to the wallet. If he's doing this, it should only be in a place where he's alone, preferably at night. The investment information should not be communicated to anyone unless you and him for the main time.

Also, if your friend thinks that without the job, he will suffer, then obedience is better than being stubborn, for the consequences can be very hurtful.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

These are 2 strong reasons to stop his investment. Although he is safe now because the government doesn't know it yet, how if the government knows it? He probably gets a trouble with the law and he also may be fired from the job. He also must regret it since he doesn't follow his father's suggestion. So, if I were him, I will stop my investment. Of course, it is very sad to lose the chance of investing in a potential asset such as Bitcoin. However, the safety of someone is more priority than potential profits.

OP, can I know the detail of the ban on crypto in your country. Does the government ban every activity related to crypto? Or do they only ban crypto as a payment tool? If the government only bans it as a payment tool, it is okay to utilize Bitcoin as a digital asset.

if it is clear that Bitcoin is prohibited in your place and is an illegal activity then it will be very risky for the work of your friends who already have established positions in the government. remind your friends that Bitcoin is not the only investment asset, there are still many investment assets that can be taken, of course, investment assets that are considered legal where you live. risking a stable job is not worth it in my opinion if he is found to be an offender and eventually gets fired from his job.
but if he insists on continuing to invest and taking existing risks then you must continue to guide him as you do, like it or not you are actually involved with the decisions he makes.

Actually, it's his father's advice I men it wasn't really bad advice since we know cryptocurrency as a risky investment I think if bitcoin or cryptocurrency is banned in your country it's probably a good idea not to invest since you might get in trouble investing unless you actually know what you're doing and know how you can access hide everything.

Yes, We believed in Bitcoin technology, and we believed that Bitcoin is a great investment but it's not for everyone you can't just buy Bitcoin without considering a lot of things. I mean maybe you could have intensive research first on your country's law and find a loophole in it. There are surely some ways to it but it's still not a great idea just for investment, he's just a newbie so just make sure to not get him in trouble just because you wanted to share Bitcoin with him that wasn't a good idea, its better not to invest on Bitcoin if your gonna get in trouble with the authorities.

So if he's getting the money from his father who is not interested, no need to force them to invest. Your friend should start doing some gigs online or if he's young enough to get an actual job, go for it and invest out of it. And meanwhile, keep telling his father about the benefits of Bitcoin and what decentralization is and how it's saving people in country where the inflation is sky rocketing. Good Luck!

In my opinion this is a very clear case, cryptocurrencies are banned on the country where you are living, now if you already bought bitcoin when it was legal then you could just wait until it was legal again to sell it or do whatever you want with it, but there is no point for your friend in risking his job and his future over bitcoin, he should just respect the law and patiently wait until the government of their country changes their mind about bitcoin and this market.

Many government employees today are even breaking the law. If he just wants to violate using Bitcoin or investing it can be done in a hidden way.
But a country that completely bans Bitcoin is a country that cannot accept technological progress.

If it is really prohibited to the point of causing his main job to be a threat, then it will be a longer problem.
Choose the main job first if Bitcoin Investment will threaten the main job.

What I know is that countries that ban Bitcoin completely are the only countries that do not want to accept technological advances from outside.
I who live in the country of Indonesia also have rules for using cryptocurrency.
Regulations are set only as commodity assets and are not allowed to be used as legal tender to replace Fiat.

Consistently collecting Bitcoin or doing DCA with your monthly salary is even better.
In the long run, it will provide returns that will surprise anyone.
4-5 years may be enough time to reach the new ATh and it will likely be higher than the current price.

Given that I cannot advise your friend on what to do and I can also said  you should not advise him whether to invest or not in bitcoin to avoid any other blame that will be on you when the market turn up side down, all you need to do is do your best to educate him about bitcoin  and the risk behind Bitcoin investment and everything he needs to know before investing his money in it, such as how the market works, what bitcoin investment is, and so on.
 
I take bitcoin investment as a side job rather than just the work I will do, once I invest, I only need to manage the private key and do other necessary tasks to keep my coin safe. However, bitcoin investment cannot make your friend stop paying attention to his job; your friend can invest the amount of money he wishes to and continue his job.

Thank you and I think you are one of the few people who share my line of thoughts to this discussion because I don't see what the issues are in this case since the op friend is working and earning a good salary, nothing to him from holding a few of tthat throwaway moneyin bitcoin and be consistent with that for some time to be able to accumulate enough bitcoin in the long run, this will change the face of things and the father will thank the son for taking such a wonderful decision give it 4-5 year's ahead.

I agree. This is really a risky decision for your friend. He can be successful with bitcoin investment later on but if that would mean losing his stable job, I don’t think it’s reasonable enough. He should still chose his job over bitcoin especially that bitcoin is currently banned in your country. However, he can wait for the right time to invest and that is when your country will lift their ban on bitcoin. I guess it’s highly possible especially that most countries these days have been more open minded about bitcoin and crypto. Tell him to be more patient instead.

Probably a Muslim country like Bangladesh, Afghanistan... This would explain the authority his father has over him. In Western countries even if the use of bitcoin was restricted young men would not have to ask their parents if they can spend their on money on an investment of their choice.


As a government worker, unfortunately he should obey the laws, or risk getting fired. It's either government job or the life of disobedience and libertarian freedom

While privacy is a valid consideration for every cryptocurrency user, it is essential to comply with your country's laws and regulations. Using secure tools to browse the internet can help promote privacy, but it's important to use them responsibly and within the law. When it comes to storing bitcoins, using a secure wallet is very important. Hardware wallets, such as those offered by reputable manufacturers, are generally considered a safe option. However, it's important to follow the right security protocols when using any storage method and understand the risks associated with homemade cold storage solutions.

Ideally, it might be considered reckless in most cultures to not follow in the father's foot step, mostly as regards work and investment strategies, because the parents shape the economic view point of their children till adulthood when they earn for themselves. It would rather be wierd also if the father goes to work and the child stays back home to trade BTC. The father may think he is into internet fraud or scams if he isn't too enlightened to figure out.

Your friend has a future insight and that is why it is against his father's wish, because a slow and steady paycheck at the months ends is a successful endeavour compared to being subjected to price fluctuations, market trends and volatility affecting profits from an investment in Bitcoin.
Bitcoin investment is riskier compared to an investment with fiat that has been saved up or borrowed. However the view point, it is important your friend understand that not all your investment is family business. Some you got to do and find out for yourself, inorder to make it big time.

Some of us here are working for the government, some are working in private firms while some have their own companies or businesses and we still invest in Bitcoin, so I don't know why your friend cannot do both. You should encourage your friend to invest in Bitcoin because Bitcoin is financial freedom, it actually puts power into the hands of the people but sadly your government does not want this to happen, that's they came up with the ban. My advice is for him to be very discreet about his investment to avoid landing himself in any sorts of trouble.

So, do you feel guilty after suggesting your friend invest in bitcoin and you wish you could stop his interest knowing his parents disapproved of it?

First, you have introduced the best investment assets to your friends, that's great. Your friend is already interested in bitcoin because maybe he knows what the future potential of bitcoin is, so I think you just need to guide him not to open up to anyone about his investment. Let him choose his own path and his investments, and I hope you don't feel responsible for your attempts to introduce bitcoin to your friends.

There are several points that I'm interested in this, first maybe because of the bitcoin ban in your country I'm actually curious where you live because in this case I'm a little confused whether the ban is loose or not because if you really see the condition of bitcoin there it's illegal but it's still possible to is in bitcoins.
Secondly, parents' concerns may influence this matter because indeed in the mirror of things that are in an illegal direction, of course this is a violation of the rules and maybe parents are worried about it so they don't really agree with it. and the last thing is I still feel in this case when indeed we are already in the age or adult phase we actually have to be able to exercise control over ourselves. good or bad, we must be prepared to endure it regardless of the bond between father and child. In fact, when your friend is an adult, of course the path he takes must be according to his will because this is certain, because if he is always forced to submit, the child will not develop in this matter.
As for bitcoin and the investment that he did, if it does violate and there is a penalty if it is done then it's best to wait for this to subside but if the decision has been made then I think it's back to him. he is an adult and that means he knows what to do for himself.

There are various restrictions in government jobs such as any anti-national act or violation of law is a punishable offense. He should not be encouraged to invest in Bitcoin as it is not legal in your country. Because if he gets into any problem then he will blame you. You can share with him the pros and cons of investing in Bitcoin and if he joins on his own, you can help him. Many such countries have been able to earn big money investing in Bitcoin despite not having Bitcoin legalization. It will totally depend on your friend what he wants to do.

Just stay out of the way and let your friend do as they please. His life for his decisions. If in your country crypto is prohibited and your friend is also a civil servant, then he simply doesn't need to tell anyone about his investments. Taking precautions is unlikely to jeopardize his work and career. Another moment with his father's ban. Your friend should already be a big boy to make his own decisions, unless, of course, he is still dependent on his father, and in general, he should not have advertised his plans to his father. The older generation is very unlikely to understand the interest in crypto and they are not advisers in this area at all, because they know absolutely nothing about new technologies. Of course, this is not about all, but about the general trend. So, let your friend act as he intended, just keep quiet about his investments in job and with parents.

We think Bitcoin and investing do not transfer professions or make him lose his job, Investment does not require them to be Full time in it and this applies to all Investments, maybe it's just that it requires them to maintain or watch market developments, and this is not for all time, even it doesn't take half the time to do it, maybe he's banned, but it looks like if he himself is interested we think it can still be done quietly.

To be honest he is interested in a very good field, but it's just a family ban factor, this actually doesn't really impact his goals, with technology we think he can achieve both on the one hand he maintains his passion to invest in Bitcoin and on the other hand he can carry out his work without pressure from his investment.

Don't give bitcoin investment advice to anyone, especially if you live in a country where bitcoin is banned. It is not only causing trouble for you but also for your friends. If it were me, I would continue to do that nice job because, with the high salary and bright future, there is nothing to risk in investing in bitcoin. Instead, I will work hard and wait, because the government cannot ban bitcoin forever, sooner or later, they will lift the ban, and it is never too late to invest in bitcoin.

Your friend getting a job in the government with a pretty high salary is what many people dream of, and above all, it guarantees his future. Meanwhile, bitcoin is illegal in your country, and he is a government employee. If unfortunately, they find out he is secretly investing in bitcoin, his job and future will surely disappear.

Honestly, it's hard to give advice in this case. Bitcoin is a very promising investment, but if it were me, I would advise him not to rush to invest in bitcoin and focus well on his current job, as it will ensure his future, and bitcoin is not guaranteed. Bitcoin still has unforeseen risks. In his case, comparing bitcoin investment and his current job, his job is much more promising and safer than bitcoin. So he doesn't really need a trade-off. I will support his father's point of view.

Investing in bitcoin does not necessarily mean that he’ll leave his job after he will make consistent profits. Your friend should be highly practical and that he should keep his job while doing bitcoin investing as his side hustle. And if bitcoin is really banned in your country, then let your friend decide on it if he’ll take the risk or not. Tell him to DYOR first before he gets to invest in bitcoin, that way his job will not be put at risk if he continue to invest in bitcoin.

Since your friend wants to invest in Bitcoin, you should inform him about the risks of investing in Bitcoin in his country. He should be advised to use P2P exchange to avoid risk. There is a lot to learn when investing in Bitcoin, so get advice from people who have invested in Bitcoin that you know or who have gained a lot of experience in investing in Bitcoin, learn as a beginner without worrying about profit and after gaining experience, be sure that you can. One thing that is very important is to learn to invest in Bitcoin with risk and then gain experience from it.

That's your friend's problem, if parents are the ones deciding for their sons when they are not more a kid then it's nonsense, if I were the friend I would not let my father be aware that I have interest to invest in Bitcoin.

He should have known his father better, why did he told him about Bitcoin when he knew he won't agree? Is the son still getting feed by his father? Is this a yes then that's the problem, tell your friend to man up and start making decisions for himself.

His father will thank him later in the future.

As it stands, I believe the best possible advice is not to your friend but to you, since you are already handling a banned asset in your country and trying to introduce it to your friend and the father is kicking against my fear is how sure are you that the father of your friend will not see you as a bad influence to the son and try to report you to the law enforcement office?


I suggest you best avoid the idea of introducing Bitcoin to your friend, let him be and if he wants to take the risk then he can figure out how to do so, bitcoin is not a referral network so at that introducing it to somebody won't add anything to your pocket so at that you have nothing to gain regardless whether or not your friend invests in it.

Assuming this thread story is indeed real, it would depend on the contract that your friend had signed. Not sure about each government employee contracts, but surely there were never such clauses regarding that unless, just like others mentioned in here, there is a ban imposed in crypto in your country.

I don't think that your friend will be found hodling crypto anyway unless he's like the "feeling influencer" or "feeling like Elon Musk" kind of celebrity.

If it is illegal in your country then I understand why the father is against investing on it.
It might be a good investment but being illegal and risking your life for it, I don't really think that it is worth the risk even though it would be hard for them to trace it or track you.
It would be safe for your friend if he is using offline wallets to keep his investment so there wouldn't be any information linking his/her personal information.

when he has become more mature and can manage his finances, then free your friend of his choice. you just need to suggest what is the best and worst Bitcoin investment. but looking at the regulations in your country, as you said. of course, it increases the risk for you and your friends who choose Bitcoin. moreover, there is also a ban from your friend's father. I think there is no reason to oppose parents. besides, if your friend likes investing, there are other assets. there is no need to create trouble in our environment. just do what we can do.

Let your friends choose for themselves without involving you again as an advisor who introduced them to bitcoin, you have to get out of the zone if you don't want to involve you later because of mistakes made by your friends.

As a government worker, he should already know that his life is guaranteed, especially with those who oppose his father, he doesn't agree, so he has to listen to what his father says, because investing is not only in bitcoin, but also other important assets that provide profits every year.

With a country that prohibits bitcoin, this will be a risk, especially as a government employee, even though he can invest secretly, let him decide for himself, what we choose is his choice, including the risks he faces.

You appear to be from Bangladesh. And I've read that Bitcoin is indeed illegal in your country, but there are users here who are also from your country and are into Bitcoin. And I haven't heard of anybody getting arrested or fired from their job because of it. I don't know how the ban on Bitcoin is implemented, but I remember there's even a Bitcoin coffee shop there despite the ban.

I guess you just have to be discreet and quiet. After all, you're fully aware that it's illegal. But your friend doesn't have to choose between his job and buying Bitcoin. He certainly can have both.

From the information you gave Bitcoin is banned in your country. Which means owning it or using it for any transaction is a criminal offense. You have to obey the law of your country and abstain from owning Bitcoin. Owning Bitcoin might not affect his job because he might just be a holder and not a trader but you identified that it might lead to the loss of a well-paying job which is his major source of income. I will advise that he focuses on his job and search for other viable sectors where he can invest his money. This is because he might be unlucky to be caught by the police or other agencies which might lead to severe sanctions. Maybe in a few years, your government might change its stance on bitcoin which will make Bitcoin a legal currency and investment.

Be careful of the kind of advice that you give to your friend. The situation is a sensitive one and unless you want to end up being blamed for any outcome you need to be careful and at this time refrain and stop giving your friend any further advice on this situation.

Since your friend works in the government and earns well, there are other kinds of Investments that he can engage in, and you should let him know. If among the many options of investment he still chooses bitcoins and chooses the option of going against the wish of his father then that's his choice but let him do it out of his own free will and not under pressure from your advice.

I live in a country that prohibits Bitcoin and Altcoin trading and violating it will incur a fine, but here I still trade and invest in Bitcoin. I won't be afraid if the police approach me, because I think the transactions I make are still reasonable and I don't use Bitcoin for other purposes, only for trade and investment. so I think it's safe.

so as long as you only trade and invest in Bitcoin it doesn't matter, even when your country prohibits it, because you have done nothing wrong, unless you use it for criminal purposes, it is wrong. that's why many people still trade and invest in Bitcoin in China even though Bitcoin is banned there, because they haven't committed any criminal acts and the police are too tired to take action against them.

you should make him rethink the decision he is going to make and make sure that he understands the amount of risk he is going to take if he ever decides to invest in Bitcoin while being in your country. Investing in Bitcoin, he isn't just risking losing money but also risking his job and getting fined if caught by the authorities. I fully understand why the father is against it.

I think he should listen to Dad. If your friend is still dependent on his parents and informs them about his every step, then you should not break the law. You can guess that his parents are very law-abiding people.
I wonder if you, as a friend who breaks the law in your own country, do not arouse his suspicions. If he works as a civil servant, he must choose between friendship and work, reporting to the authorities.
But seriously, why is your friend, who seems to be old enough, consulting with you? Can't he read? The best thing you can do for him is to bring him to the forum and let him understand and figure out how and why he needs Bitcoin and whether he should break the laws of the country.

If Bitcoin is illegal on your country with sever penalties then what’s the sense on investing on Bitcoin if you can’t use it freely? I mean you can’t convert, transact or purchase using it since P2P will be very dangerous for both party because a police can disguise buyer and seller to entrap you.

Your friend is already earning decent money from his job salary. I doubt choosing a risky path will be a better choice here instead of doing what he is currently doing right now.

If holding bitcoin is officially banned by a government then I should not suggest you to trade bitcoin because it may lead to legal consequences as well as he may lose his job. But if he still interested in the potential of Bitcoin's future then he can become HODLer and there are platforms like BISQ which is completely decentralized and non KYC p2p so you won't connect your identity while buying bitcoin from there.

Your friends need to learn about privacy, he need to use Tor to browse anything related to Bitcoin because using local ISP or VPN will track your friend real location. He must avoid any centralized exchange and only use Bisq to trade. The best way to store his Bitcoin is using cold storage created by himself, he can use Electrum. It's not a good way to buy a hardware wallet since he will get a problem when the expedition report his package.

He also need to avoid talking about Bitcoin to his family especially his father.

I don't think there is a need for your friend to worry about investing while working because he never spends much time on Bitcoin as a simple glance into his account and the market is enough. In fact, it will just consume a few minutes and it was done, and even if he's been trading, still okay how much more if he is just buying Bitcoin and holding it.

But this gonna have to say to your friend, told him to do more research and analyzed his situation before investing.

Don't force your friends to invest in bitcoin and any crypto if your country doesn't legalize it. Ask him to invest in other assets that can potentially provide him with returns - that includes gold and property for example.

You don't have to take responsibility for other people's investment plans, including your friend's - but you can suggest a few things if it could potentially cost your friend financially or otherwise, such as losing a job. You can't expect your friends to be able to stand up to the government when they ban all of you from investing in it.

This is his choice. But we must take into account that he violates the law and if he is caught, then he will probably lose his job, allowances and suffer punishment. While it is not certain that the money he invests in bitcoin will bring more money in the future. He can become a rich man, or he can lose everything. If this activity is prohibited in your country, then no one should have known about it, including his father or anyone else. Very high price. Good work should be valued. It's still not clear what you mean by "severe penalties"

Don't ever make the mistake of advising someone to quit his job jist because he's investing on bitcoin, bitcoin is not a monthly or weekly salary scheme you can guarantee him, you can advise him to learn bitcoin and know about it but let the final decision on this be from his own end, it is better to stay yourself clear off any form of trouble that might come through this later in life which may result in you both having a misunderstanding through the advice you had given, let him know that bitcoin is volatile and rises and falls, let him sort out any family issue he's having with his father alone, it's not on every issues you can be found responsible for someone.

Bitcoin does not take attention away from his job, it's just the potential issues of handling a banned asset especially while working in the government that banned it.
You don't bear the investment risk so you cannot ask your friend to invest or not, you can only give your opinion; Mine is that if the risk surpasses the potential return, then it's not worth it. It's very possible for someone to hold Bitcoin while maintaining their pseudoanonymity, but your friend might not be that experienced.

If BTC is truly banned in your country and it is illegal to have it, then the safest advice to give is not to use it. BTC is permissionless and your friend can probably use it secretly, but i don't think the risk would be worth it if he is caught, it is up to your friend to decide if he is up for the risk; but he has to avoid any centralized crypto service and buy only through p2p exchanges or in-person trades.

I will mention some things for everyone which is very important and based on your suggestions I will suggest my friend to invest on Bitcoin or prohibit not to invest on Bitcoin.
We were some friends passed higher secondary in 2019, among them one of my close friend who is in govt job but he is not into Bitcoin even he has no idea about this forum.
An important thing to tell you is that in the country we live in, all types of cryptocurrencies including Bitcoin are officially banned and anyone involved in illegal transactions is subject to severe penalties.
As my friend works in government job and gets a good amount of salary with various bonuses and allowances at the end of the month and has quite a good amount of money left over after expenses. When I gave a positive idea about the present and future of Bitcoin, the friend showed great interest in Bitcoin and expressed interest that he would invest a certain part of his salary in Bitcoin at the end of the month.
But when the friend's father found out about this, he forbade him to invest in bitcoins and later predicted that he would be banned by the government and that he would have problems with his job. Yes but it is true that there is a possibility of loss if the government staff comes to know about this investment during government office.

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?