{"id":41079,"date":"2023-01-13T06:39:54","date_gmt":"2023-01-13T06:39:54","guid":{"rendered":"http:\/\/egrowonline.com\/?p=41079"},"modified":"2023-01-13T06:39:54","modified_gmt":"2023-01-13T06:39:54","slug":"i-starting-investing-in-cryptocurrency-without-telling-my-wife","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=41079","title":{"rendered":"‘I starting investing in cryptocurrency without telling my wife"},"content":{"rendered":"


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In the age of smartphones and social media, there are a lot of ways in which to keep things secret from your partner. But deciding to start a whole TikTok channel promoting what you are doing is probably a good way to get caught.<\/p>\n

This is what happened to Aaron, better known as \u201cCryptoNoobUK\u201d on the video sharing platform<\/a>. \u201cOne day my wife stumbled across me on TikTok, talking about crypto. She was completely shocked. She asked me \u201cIs this you?\u201d and I owned up to it.\u201d<\/p>\n

Despite having a background in finance, Aaron had not invested in much before he invested around \u00a3500 into cryptocurrency in 2021. It was a tricky time for him and his wife, as their autistic son had just been diagnosed with non-Hodgkins lymphoma, which progressed rapidly, requiring him to have six rounds of chemotherapy.<\/p>\n

\u201cMy wife and I had a lot of sleepless nights back then, and she was always on TikTok as a distraction<\/a>,\u201d he explains. \u201cI started browsing too just to take my mind of things, and while her \u201cFor You\u201d page was full of people singing and dancing, mine was a bit different, full of more factual content.\u201d<\/p>\n

It was after watching some content about \u201cside hustles\u201d and making some spare cash on the side that he discovered cryptocurrency and the traders making thousands through buying and selling Bitcoin and others. Aaron had tried making money in the past with drop-shipping (selling cheap items from overseas in bulk) and eBay trading, but found that he lacked the time to make much money from it \u2013 or to concentrate on his family. But crypto appeared to offer much better returns so long as you did your research.<\/p>\n

\u201cI really didn\u2019t know anything about it,\u201d he says. \u201cBut when I started learning about it I thought that maybe it was going to be a big deal, and I got further and further into it. It felt like an adventure.\u201d<\/p>\n

Aaron has mild OCD and finds it easy to become engrossed in new things, he says. The nightly routine of checking TikTok and learning more<\/a> became central to his routine, and before long he was researching it in his spare time. \u201cI dived into the crypto deep end: I joined lots of groups on TikTok and Discord and started putting some money into it,\u201d he says.<\/p>\n

Aaron\u2019s is a typical, working family, with very little money held in savings and most of his and his wife\u2019s paycheques went straight into their monthly outgoings. He started investing between \u00a350 and \u00a3100 each month into crypto without telling her that he was. \u201cAll the while my wife just thinks I\u2019m spending a lot of time on the app,\u201d he says. \u201cWe have separate bank accounts, and the bills were getting paid, so we were OK.\u201d<\/p>\n

As the weeks went past, Aaron found that his investments were performing really well, with some growing in price many times over, even though several cryptocurrencies \u2013 including Bitcoin \u2013 were doing very badly.<\/p>\n

He started making his own TikTok videos in June 2021, without telling his wife. In them he discussed what he had discovered while trading, and was invited into some private groups that ran so-called \u201cpre-sales\u201d, early releases of new crypto coins or other products.<\/p>\n

\u201cMy wife wasn\u2019t aware or interested in anything that I was doing,\u201d he explains. \u201cIt wasn\u2019t that I was hiding what I did we are very independent with what we do with our money \u2013 but I never really mentioned it to her.\u201d<\/p>\n

It was not until that evening in the spring of 2021 when, in their nightly TikTok browsing, Aaron\u2019s wife suddenly saw a video of him discussing cryptocurrency with his followers. By this time, he\u2019d been invested in it and making videos for five months. <\/p>\n

\u201cShe was completely surprised,\u201d he explains. \u201cShe didn\u2019t understand it or understand crypto at all. Her first comment was \u2018We can\u2019t afford this\u2019. She was worried that it was used for money laundering and scams and was quite upset about it.\u201d<\/p>\n

Luckily for the couple, Aaron could reassure her that he knew what he was doing and that had not spend a lot of money on it yet \u2013 though he admits that \u00a3500 was a significant sum for the couple. \u201cUltimately, I would have been wasting it on other things if I wasn\u2019t investing it,\u201d he says. \u201cAnd I told her that I could make a good return. I\u2019m not a gambler, but an investor.\u201d<\/p>\n

In the end, Aaron was right. An investment of $400 (\u00a3329) into one particular crypto product called Onino ended up resulting in an \u00a38,000 payout when he sold three-quarters of his holdings. \u201cEveryone was happy, and my wife was much more understanding after that,\u201d he jokes.<\/p>\n

Putting half of the proceeds away for a family holiday and a few things for the home, he kept the other half to put into \u201cmore solid investments\u201d, including more well-known and established products including Ripple, ICP and Polkadot. His aim was to create a nest egg for his family so that they had a savings buffer for the future.<\/p>\n

Today, Aaron\u2019s wife is involved in all of his crypto activity and is supportive of his efforts. The couple currently have around \u00a34,000 still held in crypto, after \u201csubstantial withdrawals\u201d and a few bumps, given the current bear market for many products.<\/p>\n

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More from Money<\/span><\/h4>\n<\/figure>\n

\u201cShe was brought into the educational cycle of what crypto is, and now she\u2019s a moderator on the Discord channel I run which discusses it,\u201d he explains. \u201cBut she was also keen that I didn\u2019t invest more money, because I do get carried away with projects thanks to my OCD: my hobbies can become all-encompassing! She\u2019s kept me grounded.\u201d<\/p>\n

After his adventure, Aaron does recognise that he did take a risk with the little money his family had. \u201cWhile my investments might not sound like a lot of money to most people, for us as a working family with three children it is a significant amount,\u201d he adds. With what we were going through at the time, now my wife wants as little stress in our lives as possible.\u201d<\/p>\n

With their finances order and their son now in remission for over a year, the future looks a little more secure for Aaron and his family.<\/p>\n

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Stories like Aaron\u2019s are becoming increasingly common, experts have warned.<\/p>\n

Mike LaCorte is the chief executive of Conflict International, a professional intelligence and security agency which helps people and companies trace assets, among other services.<\/p>\n

He says the company has \u201cseen an uptick in enquiries relating to individuals fearing that their partner has invested joint funds in higher-risk crypto assets without their buy-in or permission\u201d.<\/p>\n

LaCorte adds that there has been a significant increase in clients who are undergoing a divorce and suspect their ex of hiding assets in a digital wallet, and want to find out if this is the case.<\/p>\n

\u201cUltimately, the growth of virtual currencies has been a game-changer for complex high-value divorce cases with some individuals believing that these types of assets are fair game when it comes to avoiding full financial disclosure,\u201d he explains.<\/p>\n

Harriet Errington, a family lawyer at Boodle Hatfield, has also seen a \u201cdramatic increase\u201d in the number of cases that she has worked on featuring hidden crypto assets, and estimates that around 25 to 30 per cent of the firm\u2019s cases involve them in some way.<\/p>\n

\u201cThe very nature of cryptocurrency attracts investors who are seeking anonymity and are prepared to accept a certain degree of risk in their approach to investments,\u201d she adds. \u201cIt isn\u2019t a great surprise that we are seeing an increase in the use of such assets by parties embarking on divorce proceedings.\u201d<\/p>\n

\u201cThe two main hurdles in these cases tend to be, first, proving that the assets actually exist, and secondly, their value, which can fluctuate wildly with the market.<\/p>\n

\u201cIt is this rapid growth and fluctuation that may often lead spouses hiding assets to claim that they were not worth disclosing at the time of investment.\u201d<\/p>\n<\/blockquote>\n<\/div>\n


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In the age of smartphones and social media, there are a lot of ways in which to keep things secret from your partner. But deciding to start a whole TikTok channel promoting what you are doing is probably a good way to get caught. This is what happened to Aaron, better known as \u201cCryptoNoobUK\u201d on […]<\/p>\n","protected":false},"author":1,"featured_media":41080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[36],"tags":[52,720,3917,8886,6552],"class_list":["post-41079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-cryptocurrency","tag-investing","tag-starting","tag-telling","tag-wife"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/01\/crypto-husband.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/41079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41079"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/41079\/revisions"}],"predecessor-version":[{"id":41081,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/41079\/revisions\/41081"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/41080"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41079"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}