Man claims “crypto-broker” offered to sell his parents Bitcoin at a 5% discount from market rate

SINGAPORE: A man sought advice online on how to dissuade his parents from potentially falling for a crypto scam. He posted on r/askSingapore, explaining that a “crypto broker,” who happens to be a friend of his parents, was proposing to sell them Bitcoin at a 5% discount from the market rate.

He also pointed out that if it were truly that easy to earn a 5% profit, then why would the broker share the opportunity instead of taking advantage of it herself? “Either way, my parents have put this idea on hold, but I think I would have to discuss it with them before they take action. If you guys have any pointers on how I can reason with them let me know. Thanks all!”In the discussion thread, several Redditors suggested that instead of simply telling his parents to steer clear of cryptocurrency, he should “educate them” about its risks.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Argentina looks to tame crypto market as money-laundering fears draw scrutinyA new law could help Argentina regulate its booming cryptocurrency market as the country aims to reduce risks such as money-laundering associated with the digital assets, experts say. In the last year, Argentina saw $85.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Trump Media, crypto stocks jump as shooting boosts odds of election victoryCrypto stocks, prison operators and other shares that could benefit from a Donald Trump presidency jumped on Monday (Jul 15) as an assassination attempt on the Rep
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »