Bitcoin Forum

I don't know how I make decisions as a boy.  
My father is a military man. He has served in this military sector for 25 years. His term of service is almost at an end. After two months he was going to retire from the job. He will get retirement pension after his service life in the military sector and he has many plans based on this retirement pension.  
His first dream is to build a house with this retirement money. But right now in my country all the materials needed to build a house are very expensive so building a house right now can't be a good decision. And I don't feel safe keeping his pension money in the bank because earlier there was inflation in my country where some banks went bankrupt.
So right now I am not able to give him any proper advice as a boy. But one thing I've been wondering for a few days is if I invest half of my father's retirement allowance in Bitcoin, am I doing something wrong?
I feel like if I invest half the amount in Bitcoin for a year after receiving his retirement allowance, I might be able to hand over more money to my dad at the end of the year.  
Hope I get proper advice from you.

• The first rule of investing is not to stake what you cannot afford to lose. From your thread, your dad and the rest of the family are heavily dependent on the pension, putting that into a volatile asset is a risk, one you have to think long and hard before making.

• One year is a relatively short space of time. If you're going to invest in Bitcoin in the hopes of getting a return within a short period of time, you could very well be disappointed. Life situations can also come up before then that would require you to liquidate earlier.
There is also the flip side where Bitcoin rises significantly within that period and you actually can give him more money.
Consider the risk to reward ratio before making your suggestion.

Using spare money to buy Bitcoin gives you the liberty to easily wait through price dips and not panic sell.

The pension money is not a bad idea if they already have gotten the gratiuity money and provident fund money from the government for serving in the military. That is a special quota and almost every country follow this norm so it is anyway irrespective of your nationality. If this is the case then go ahead and spend some money on bitcoin but do ask your fathers permission for the same. He must be very delightful about it and have his consent no matter what is the situation in your house. If everything comes to an agreement then I don’t think anything or anyone can stop you from investing that money for the good reasons.

It doesn't seem like your family (your father in particular) is fully dependent on your retirement money since he's thinking of building a house or keeping it in a bank. But what caught my attention is that you are able to control that money and your father does not have full decision-making power over it.
No one can give you useful advice according to the little information about your father's situation because I consider that money is his right and no one has the right to take a decisive decision about it, especially since a person of retirement age may not have enough time to benefit from an investment in Bitcoin or any of the digital assets.
In general, if the amount is good, it is better to discuss with your father about his needs for the coming period and about the size of the amount that can be deducted to invest in Bitcoin. The idea of ​​investing in Bitcoin is not bad in any case, but it is always preferable not to venture into investing in what we fear we will lose, given that it is your father's money and not your money.
By the way, your father's idea of building a house is not bad if you have enough land, and it is suitable for a person of his age and status.

Your dad serves in the army for 25 years, it seems you need to live through the horror of war before you understand how hard that must have been for your father, now you want to risk all that he ever worked for? its not with it because Bitcoin is still risky and for someone who risked his life all the days of his life bro, nah I will never do such to my father if he is in the military.

It's fine that you want the best for him in his retirement days but take some very small portion of the money and buy bitcoin instead of risking it all, do not add to the difficulty that your old man have faced on the battlefield, it's not easy.

Or you may lose all your Dad's money in one year! Both possibilities are open. Now you and your dad need to decide whether to gamble with his hard-earned money. If I were you, I wouldn't have touched half of his money for sure! I would have probably used 5%-10% of that money to invest in Bitcoin.

The basis of investment is - never to keep all your eggs in one basket. So diversify. Invest in Bitcoin, invest in Gold, invest in tax saving instruments, invest in stocks that pays out good dividends. That's how you will create a parallel source of income for him. But don't invest half of his money into Bitcoin for God's sake. Don't gamble with retirement funds, ever. period.

Firstly it's your dad retirement money, a retirement money he got from serving in the military which is a very risky job, I am surprised the way you speak of the retirement money as if the government gave it directly to you and placed you in charge of the funds.

Firstly if your dad is mentally ok then he has every right of full ownership of the money, and I won't advice you to invest another person money into crypto-currency, you should first try speaking to your dad about crypto-currency like you said you scared of keeping the your dad's money in the bank, that's okay but first tell your dad about Crypto-currency, but make sure you explain to he how volatile the market is and the option of USDT for more stability, but also if he isn't into that then their is an option of domiciliary account.

Hmm, First of all, congratulations to the OP's dad for the successful 25 years of service in the military. For the investment decision, I think you are open-minded and close to reality which shows that you are really interested in planning a good future. My suggestion to OP is not to go for all in at once I think you should start DCA with a specific amount regularly it is a more safe and precise solution for the investment purpose. Also take your dad in confidence first before making any decision because as it's the money of his whole life service so, that's obvious he should know how his Son is gonna utilize it to provide them with a secure old age life.

Analyze market.
Learn about.
Start DCA.
Make You Dad feel proud on you.

Well i didn't take my time to read the responses  of others but hope you known that investing in digital asset like bitcoin is a risky one and at such, nothing is certain which means that, just as you are expecting to make more more at the end of the year,  there are also huge possibilities of you losing money due to the volatile nature of bitcoin , hence nothing is certain in the industry and there are always several  warnings  which are very critical  which includes:
~ not using money you can't afford to use
~ don't invest with money that isn't yours or borrowed  funds
 And the most important  is always try not to be greed and see every penny as worthy and also judging from your post,  it seems you're still new in the industry and I will advise that you spend more time in knowing more about bitcoin  and cryptocurrency  at large before investing in it.

Does your father understand bitcoin completely? Is your father ready for all the risks faced even though we know that investing in bitcoin is ready to lose, so think again before your father starts investing in bitcoin because this is retired money which of course must be put to good use.

It's not a bad thing to invest in bitcoin because we know bitcoin will always increase but we see from the other side with the risks that will be faced if you are not ready then don't direct your father to bitcoin and it is better to look for other options that are more stable to invest so that he feels alive calm with the pension money.

I don't know whether the pension money will be fully disbursed or will it be paid every month? But I think it's better to invest a little bit in bitcoin until your dad understands how bitcoin works in the market.

OP that is really a hard decision for anyone to make. If your father has other source of income where he gets money for up and running the family and bills, you can step ahead and take the decision together with your father. First let him know about how bitcoin works and what is bitcoin, let him think and take the decision. You are planning to invest in bitcoin and I assume you know the rules of bitcoin investment. So take your time, don't take any ones answer or advice here for granted do your own research and understand your families priority first.

Retirement money may not be a bad investment when investing in bitcoin. But you need to discuss these matters amicably with your father because bitcoin is never an investment that can guarantee return after all, especially as far as you say for a year. If your dad is really serious about investing in Bitcoin, it would be wise for him to do a thorough self-education on the technology and understand the risks and potential rewards. Until your father feels certain, decide whether to buy it or not.

Better not if you do have plans and putting up 50% of that pension is really a very risky thing to do. Just let your father decide on whats the better for that pension money.If inflation is bad and if your dad do

really tend to create a house with that money then its better that he should be following on what he had hoped for so that there's no regret in the end. The thing or risks on the time that you do make out suggestions about on where those money would be stored up then it would really be creating that kind of expectation over a year time. What if the price had gone below on your entry point or buy point
on what particular moment? What would you do? How you would be explaining it to your dad?

If you dont like for some potential conflicts in between father and son in terms of money then it would really be better if you do just let your father decide with that retirement money and would really be
having no possible conflicts on whatsoever things to happen.

Still up to your father's decision, whether he want's to invest on bitcoin or not. The best thing you can do is to explain to him what are the pros and cons of bitcoin's investment and how long it will give you a good returns.

Just think that it's a hard earn money that your father did, for 25 years serving your country. So it's a hard decision to make of.

Yeah, probably half is better and then diversify the other half.

Problems like this are currently quite common. This happened as a result of one of the problems that currently often befalls banks. Many banks are going bankrupt, high inflation and various other problems make people a little frustrated in determining where to store their assets comfortably and safely. But if it's just to maintain the value of the asset maybe keeping it in gold is pretty safe from inflation.

But because it looks like you and your father have a different problem background. i.e. you likely don't just want to save and secure the value of that asset (father's pension). But you hope more to be able to expand your father's pension money so that it can become more in a certain period of time (1 year). And you might think that if you kept half of it in bitcoins that would be possible. But for me it is too high risk.

Because retirement money is money that's actually pretty hot. In the sense that this money is really needed to meet all the needs of your father and your family from the time your father started retiring onwards. The point is that this money is actually not money that you and your family can afford to risk losing. because the money is certainly needed for the long term needs of your family.

And remember that bitcoin price fluctuations are not easy to predict. in the next 1 year the price may experience a significant increase and it could also be the opposite, namely experiencing a deep decline.

Have you and your father ever thought about starting a business with the pension money? at least you and your father can have the opportunity to make a profit from this business to make ends meet. and then you can put the remaining unused profits in bitcoin investment for the long term (more than 1 year).

This is a financial decision that you must make independently. We can offer our opinion, but ultimately, the choice is yours. It's important to note that Bitcoin is a highly volatile cryptocurrency, and its price can decrease significantly at any time. However, there is also the potential for substantial gains, where you can make a decent amount of money. Therefore, you need to carefully manage the potential risks associated with investing in Bitcoin.

In this situation, it is suggested that you consider investing half of your pension money in Bitcoin. However, it's crucial to be prepared for the possibility of a decline in its value. If such a decline occurs, it is important not to panic and ensure that you have sufficient funds remaining to support yourself.

Actually, something like that is also not wrong but that does not mean that being in bitcoin will also be better in this case because of course we realize that the condition of being in bitcoin is not investing and certainly getting a profit because even though the hope is like that but obviously here there is no guarantee for that.
Many people often say that invest if you can afford to lose and that is very true because regardless of anything this is also not a gamble that only relies on the condition of your own confidence and hopes for a return in a short time.
As long as you realize this, even though the intention may not change, the conditions will be different. Even if you are in bitcoin with good hopes, of course things like this we must also be aware of the risks faced.

I thought that it's already invested in Bitcoin without his authority and permission. Did your father gave you a go signal that it's okay for you to handle his retirement fund and be invested into somewhere you decide such as Bitcoin?

First things first, you have to make your father give some idea on what Bitcoin is. You may say to him that it's not a guaranteed type of investment because it is volatile.

IMHO, let your father do what he thinks is right for his money. It's his retirement money and not yours, let him enjoy whatever he can do with that. Be it on an investment or not.

Investing half of your money in bitcoin instead of all of your money is a wonderful idea, but keep in mind that you're placing your money into a risky investment and will bear the outcomes after the time period you wish to keep it there. One year is not a long time, but you can still make some money over that time, but significant returns are not guaranteed.


You could get more or less at the end of the year, depending on market volatility. And if this is the only money the family has, investing it is a bad decision unless the remaining half of the money is sufficient to feed the entire family while the other half is already invested.

Can you control your own funds? You are looking at BTC from only the angle of giving you revenue after holding it for some years, take note that you will be holding and controlling it yourself, can you use self custody wallets and do you know how to securely back up your seed phrase, would you keep your BTC's in a custodial wallet, or would you invest half of your father's pension and keep it all in a hot wallet. Investing that money isn't the problem, can you avoid losing it before you get to the position of making revenue.
Or the price of BTC may plunge at the time you want to sell, or you may have lost it to scammers before you can even make revenue.
Op wants to invest in a crypto that can increase in price, usdt or any other stable coin isn't even safe for long term investment, they are centralized and anything can happen to the company that controls them, which will make the stable coin to be worthless, don't trust stable coins with your funds.

So you self-describing yourself as a boy, meaning non-adult male, and somehow he made you responsible for having control over his retirement money? That totally makes sense. I guess if he put all his wealth in the hands of a boy, who seeks financial advice on an anonymous Bitcoin forum, he deserves whatever is coming.

But if that story was true, assuming military retiree is still of relatively young age, he could afford to go more adventurous and risky with his investment, but putting half of it in Bitcoin is still way too high.

I doubt your father would allow you to do that. Half of his retirement fee which he had worked for it almost half of his lifetime invested into something that he didn't know, I really doubt it would be possible for you to do that. Not unless, if he have exceptional trust on you.
The only risk I've foreseen when you and your father decides to put half of it in Bitcoin is that you will have to wait for Bitcoin to hit your target or pump up before you can decide to withdraw your money without the risks of lossing some of your capital. The question is, are you willing to wait longer than you expected? I mean those materials to build a house will be affected by inflation as years passes by so that means those materials will not going to become any cheaper but it will become more expensive. So, I guess the decision aint with you alone, but it's for your father's, right?

That's the better thing to. But you can always educate him about bitcoin or crypto.
Let him decide what needs to be done with his money, after all, it is his money.
He earned such money, so much better if you will leave the decision to your father.
Investing in this market, even if we say only half of it is no guarantee that you can make profits later on.
Though the chance is big if you ask crypto enthusiasts, but it is not your own money.

Oh boy, DON’T you dare to do this with your father’s money! It’ll be the biggest, most hurtful decision of your life yet which may have a very strong impact you still don’t see.

Bitcoin is fun and games until you start becoming greedy and think you know the market better. So you pour money you shouldn’t and next thing you know, the markets are crashing and your money is going away faster than you could’ve anticipated. It’s incredibly hard even for a “veteran” in crypto to resist temptations and greed. It’s even harder when the money you invested is visibly turning into a loss. What do you do then, sell on a loss and destroy your father’s future? Of course not, you think you can do this emotionally.. don’t trust this much in yourself dude, emotions will likely dominate in such events.

Bitcoin is volatile. Governments are hating Bitcoin and it’s showing more prominently than ever before. Nobody knows what the future holds and it’s not worth it to risk destroying your father’s life for greediness.

Your questions prove a thing: you aren’t ready for a big, proper Bitcoin investment yet. At this point, what you’re doing is contemplating gambling your father’s retirement funds.

Be responsible, man! Please!

That's a big gamble imo. What if bitcoin goes down and recovers after 4-5 years? What's your father going to think about this? Don't even do anything with that money unless you inform your father first anyway. That alone will cause lots of problems even if you make money in the end. Your father will never trust your judgement again. That thought is wrong on so many levels, I would rather forget about it quickly. Focus on your job or school or whatever responsibility you have nowadays. Stop thinking about somebody else's money. Make your own money and invest it in whatever you like.

Isn’t it scary?! The kid’s asking strangers about the best place to risk his father’s funds for retirement. This sounds… terrible and terrifying. Imagine you retire and you find out your kid’s gambled away half of your retirement funds so now you have to work your ass off or live 50% of the life you thought you’ll have after retiring lol..

Even though we know it's good to invest in bitcoin if your father doesn't agree, it's not good either. But, if your father has his blessing, that's good anyway as long as you just hold for a few years the target you want.

      And it is better for him to also understand why bitcoin has become a good thing in terms of investment in this industry as well. At least a child like you shows concern for a parent too somehow. It's a good decision to do that, actually.

For sure he wont because its true that he had been working for it for 25 years on which he would really be something assuring on what are those things that he had on his mind. Making up some interference
on his plans would really be possibly be making out some conflict which is something that we must avoid at all cost. Better letting your father decide on what he would gonna do with his retirement funds.
Dont tend to touch up on his plans if you dont like for possible argumentation specially if we do speak or talk about money.

If you are really that indeed bullish about bitcoin then its better to deal on your own rather than on making yourself trying to convince your dad on investing his retirement funds.
On this way, you wouldnt really be making yourself getting stressed on whatever the market would be doing in terms of movement of its prices.Unlike if you do invest your dads retirement
fund and turns out to be negative. Then how you would be making out those explanations?

Investing your pop's money is a good thing, but I won't really recommend bitcoin considering the flak it's been receiving these past few months, or maybe you can but you'll have to suffer through tons of rejections and stern reprimands from your father, especially since this is his money you're talking about. If in any case he doesn't agree with investing it over to bitcoin, let him know he can invest it on something else, perhaps gold, silver, even some stocks and bonds but those are a little more riskier in my opinion since the economy's a little down nowadays and there's little money to be made in that industry. All in all, your father has a plethora of choices he could choose from, just need ample research so you know what you guys are doing, and of course the cajones to boot since this is going to be a very crucial investment.

Your intention is good but I don’t think it’s a good idea to invest in crypto half of his total amount of retirement money. Yes, you can actually invest but only with a small amount so that if your investment does not end up according to your plan, your father will not see it as an issue. Though investing will double or triple his money, but let’s also consider that crypto investment cannot guarantee profits all the time, so invest at your own risk and invest with high caution, especially that is a hard-earned money of your father.

There's a lot of things that can go wrong.

Bitcoin can crash. No one knows what the price will be tomorrow or in 1 one month, all the "experts" and influencers are just making things up, often because they have an open position and because they don't have any responsibility - their words are "not a financial advice".

You can lose the coins. There are many dangers - malware, theft, errors, scams. If you will be managing your fathers coins, you will hold years of his work in your hands. Think about it carefully.

50% is a very high share for an asset that could be a bubble. Better put a conservative amount like 10-15% into Bitcoin and the rest into a diversified portfolio of safe traditional assets. Bitcoin shouldn't be viewed as an easy way to double your money.

I couldn't really do this to my dad. I mean its something he worked all his life and if there were anything bad ever happening he would lose it all and all of his life work would be going to waste. Obviously his life spent on earning enough to live and take care of us, so that won't go away, but all that he saved aside would have gone away. Not that he has anything anymore, he is a retired dude in Turkey, they don't make much, its minimum wage and then some, just a bit, so my mom and dad make 2 minimum wage salaries in return of working for over 40 years, 80 years combined, hence they are quite poor obviously. But they do have their own home, and they are 60+ years old, so they don't really need much anyway.

Well, there are some people who make Bitcoin their retirement asset. However, what needs to be understood is whether there are other urgent needs for your father or your family in the future. Building a house is actually quite important however. but if indeed the pension money is still lacking, it is indeed quite difficult to make it happen. However, if his intention is to invest in Bitcoin for a period of time so that he can at least earn additional profits from his retirement fund then Bitcoin may be an alternative. However, also explain to him about the risks that might occur and how many periods you want. My advice, if you want to invest in Bitcoin, don't use all of your retirement money to invest, it would be better if you manage that money for some things that might be urgent and emergency.

Bitcoin have proven as a good investment according to the history of Bitcoin due to a lot of investors have make good profits from their  Bitcoin investments, but due to the volatility Bitcoin is hard to be predict and that is why we are always advised to invest only what we can afford to lose.so with is reason investing half your father's  retirement money may be risky because it may not be what you can afford to lose.in fact why should you even invest the money that did not belong you in bitcoin
or even convince someone to invest in Bitcoin that you are not guarantee of what will happen in future ? I will say that is a bad idea.my advice to you is to teach your father about bitcoin so it can decide on his own whether is half or quarter of retirement funds he can afford to invest in Bitcoin.



How certain are you that this will be the case for the price of Bitcoin by the conclusion of this year? Op things might not turn out how you had hoped.Only invest what you can afford to lose in order to hold your Bitcoin investment for a long period of time, ideally three to four years, so you can witness a bull run. The price of Bitcoin may even fall below the point at which you decide to withdraw your money from your Bitcoin investment at the end of the year.

If there would be no other income sources then most likely this would be the case on which it would really be having that heavily relying out of those retirement funds in speaking about daily expenses and needs.
Now that your father doesnt have any work at all then it would really be just that significant or normal that those funds that had been got into would really be used on that way but of course not all of those
money since it would really be that insensible if you do spend it up on a short period of time. Your father would really be definitely be minding about on buying something that he do wants
and its better not to make out some contradiction if you dont really like to have some argumentation about it.

I'm a licensed financial advisor, and one of the biggest mistakes I see people make is taking advice from those whom aren't qualified to do so.  If you truly want help with his financial plan, in-box me.

You mention a pension, is it truly a pension ..which is a lifetime payout, typically where you get an automatic increase called COLA, cost of living adjustment, which is set up to help keep up with inflation.  

The short and simple answer is NO, this is likely not a good idea.  However I'd have to know his full financial situation to give proper guidance.

If he chooses to do so then that would be fine. Personally, I won't be making use of my parents' pension as long as they are alive and for me, it is for them to enjoy and to buy the things they want. We all have short lives and the money they have worked on should be enjoyed by them before that 'time' come. Also with the reason that their children has jobs to suffice themselves. Engaging with investments would be a good idea ofcourse but if it would be too risky for their money, then I won't be suggesting it. I'd rather invest my own 'coz it is me who can manage the risk more and to have other set of plans in a worse case tendency.

Good decision, but you should understand well as well as make your dad understand the reality of the market. Never assure of big profit out of the investment with deadline. This is wrong, give him the advice to have patience, which is how it is possible to make best profit out of the investment. The retirement fund is the earning for his dad to the rest of his life. The son have taken the right decision. Partial investment is good, and he should plan for his regular pension spending in a much calculated way. In most countries military persons have got more subsidiaries, so leading life out of the pension paid is not a big thing.

Totally agree with you, we should not make an investment from money that is not in idle position, i mean if your family are dependent on that pension, that money will be used to cover your family necessary. Except, after you calculate how much you and your family needs, installment (if any), tuition, and emergency fund, then you found a spare money after calculated those things, you have an option to do an investment including invest in bitcoin or gold or etc.

I don't know if it's just me, but people who served for their own country are highly respectable, so I give respect to your father.

It depends on what type of house your father wants. Is it a bungalow? A 2-story building?
Well, I agree with what you said that housing materials are very expensive because of what happened last year, but there's always a way to build a house with the retirement money that your father has. On the other hand, if you have a house to live in then better wait for the prices to go down I guess - if it will goes down. As for putting money in a bank, I don't see any reason for your father to put it there aside from it being an emergency funds.

Half of your father's retirement money into Bitcoin? I don't know if you're just insane, or like you said you can't think properly when it comes to investing, but that's too much of a risk for your father to handle. I'd say if you really want your father to invest into Bitcoin, don't invest a huge amount.

It's not your money, but your father's. For sure your father wants to enjoy the money that he got from his retirement, so obviously he will spend some of it to buy anything he wants. Anyway, if I'm your father I will not risk half of my money just to invest into something that's very risky. I'd suggest to let him decide what he wants to do with his money, but on the other hand, ask him some question that is related not only with Bitcoin, but investing in general, but I doubt that your father will risk half of his hard-earned money, and invest it into Bitcoin unless you will force him to do it.

As you said, his father should make the final decision, based on the advice of the son. If he allows the son to invest the retirement money in Bitcoin, I think it's fine, since he will be aware about the risks, but also about the potential advantages when doing so. I don't think it's a crazy plan, because Bitcoin has proved to be a decent and profitable investment on long term, especially when the investment is made during a bearish market like the one we are currently in.

He has just to be careful when storing the coins in order to prevent future issues with hackers and scams.

Ask your father about your plan because this is a really delicate situation and you're definitely going to be risking your father's pension in a really volatile investment, try to find other a venues of investment before going with bitcoin. Or better yet ask a financial advisor about what to do with this, asking an advice about a life changing financial decision in a forum isn't really the best course of action.

We're all bullish in bitcoin but sometimes plans that we think of doing easily won't come and if it comes, it goes with the least expectation that we've got.

But before that, he needs to inform his father that investing in bitcoin is not that what he's thinking as if no downfalls will come while waiting for the right time to sell.

@OP how old is your father? Is he okay with taking high risk - high reward investments like Bitcoin?

That's what I appreciate about a father's nature, his desire to create a warmer life for his family by pursuing the dream of owning a home. However, the exorbitant prices of building materials nowadays pose a real challenge. Moreover, we also have to consider the expenses for construction workers and other associated costs, which further inflate the budget.

It is highly unwise to gamble with someone else's money on Bitcoin, even if that person is a family member. The substantial retirement funds in question represent the government's final gesture of appreciation for your father's 25 years of hard work. I would prefer your father to enjoy that money according to his initial dream of building a home.

Another solution, considering the current issue of expensive building materials, would be to recommend purchasing a pre-owned house within your father's budget. It doesn't have to be extravagant, but rather suitable in terms of location and building type. Then, with the remaining budget from your father's retirement funds, you can use it for renovations or minor modifications to align the house with his personal preferences.

Considering Bitcoin's highly volatile nature, deviating from the planned outcomes can have catastrophic consequences. Never let your father's 25 years of hard work go to waste in regret. Stay focused on his initial dream of owning or building a house. If you still find yourself puzzled, seek advice from property experts to guide you through the process.

For me, there's nothing wrong with investing retirement money in Bitcoin, what's wrong is the investor is not aware of the consequences or good and bad.
Proper education to the owner of the money is a must so just in case something will happen to the money, the owner of the money is aware, aware that it will not give you 100%.
You should always carefully weigh the risks and potential rewards.

It's a nice risk, but the timing is short. If your dad can wait for more years and won't need half of his money he could see more profits because the market could go bullish and the price is quote low considering the fall of bitcoin price. I don't know how huge the money is, but if the market hits 35k, your dad would be proud with the amount of money you'll hand over to him. However, it's a decision that will make or mar your father's money, on the other flip it's quite a nice decision compared to the amount of money building a house requires. If you convince your dad, to see the bitcoin investment as a building project and that his money is safe; that is, it won't disappear no matter what unless hacked. So, if along the line the market doesn't move up in your favor you can quit and withdraw the money back. Not a financial advice.

In my opinion, if you want to use half of your father's alimony money to buy bitcoin, with the goal of end of the year earning you profit, I think if you're prepared for the risk, there's absolutely no harm in it. , but you have to tell your dad and also you have to tell the risks of investing in btc and if your dad approves of course you can buy btc. Hope your investment is successful.

if you invest your father's retirement money in bitcoin then there will be the potential for losses or profits, but in my opinion if it is only invested until the end of the year it will certainly be very high risk because in my opinion investing in btc will be better for the long term.
but of course the decision is in your hands because you are the one who is going through it, think carefully and love your money because in my opinion the money that you will invest from your father's retirement is certainly not idle money.

Investing is a very risky business. Invest the amount you can afford to lose. If you can invest based on these principles, you will invest. I would never consider the decision you made as a bad decision, it was a very good decision. But definitely tell your dad about the risks of bitcoin investing, then the volatility of the bitcoin market. Then if he agrees to invest then you invest bitcoins. But remember one thing you need to have a safe wallet for your investment. So that your investment cannot be hacked in any way.

As your father is retiring after a long service in the army and he must be thinking of spending this retirement money on your family work. And if you invest your father's retirement money in Bitcoin, then you must be wrong because there is money risk involved. Taking such big ricks is very difficult if you can explain your father well about cryptocurrency. And tell him about market volatility if he agrees then you can invest.
First of all it is very risky to keep money in bank now because many banks are already bankrupt as we have seen. 'OP' if you tell your dad about all the negatives of Bitcoin. Later if your father gives you permission to invest in Bitcoin then you can do it. Of course you have to accept that market volatility will follow. And you must be aware by investing in Bitcoin because it has risks so you have to wait patiently for a long time. Of course, if you invest in a bear market then wait until a bull market in Bitcoin to become a successful trader.

Before I can say anything, I will like to think as if I am in your shoes right now, I can't invest my father's retirement fund into something as risky as Bitcoin, unless he give me the go ahead, so I will have to let him know what's up with Bitcoin, the possibilities of having Bitcoin and holding for long tern and the risks too.

I will break down if anything happens to my father's retirement fund because we don't know what's waiting for Bitcoin in the future, if the amount is something I can refund him if anything bad happens then it's better. So I will like to ask you OP

As a good son you are, are you willing to pay your father back if anything bad happens to that money? A plan without the possibility of losses is not a plan, what are you going to do if anything goes really bad?

This is funny but definitely a thing that OP should've considered or have done before going here for advice, different people have different experiences so the results may vary. To OP, if you do consider consulting a financial advisor, make sure that they're fiduciary or something along the line where you can trust them to put your best interest.

If you think depositing money in the bank is risky, investing in bitcoin is even riskier. Bitcoin is a volatile asset that can be highly profitable but can also cost you all you have. I know we are on the bitcoin forum, and bitcoin will take precedence. But I advise you to choose the most suitable option depending on your situation, not just looking at the profit but ignoring the risks you encounter. Moreover, it is money your father risked his life to get it, you should let him decide, not you.

If it's a one month pension then that could be fine for his father but it's still best to ask him whether he's fine with it. There are veterans and old people that don't know what's with the technology and new investments and they might not be willing to learn about Bitcoin.

There are financial advisors that's not aware of Bitcoin and cryptocurrencies and that's why if OP is the one to explain investing in Bitcoin to his pops, that's much better. Because these financial advisors are most of the time salesman and they might suggest the investment products they're selling to him.

It seems to me that your father, despite his retirement age, is not yet quite an old man, so you cannot decide for him where and how much to invest his money. Soldiers retire early. Why don't you, as a son, tell him about Bitcoin? I think he will quickly master it and be able to make his own decision with his money.
You, as an adult son, need to earn money yourself and not look at other people's money.

For me, half of his retirement is too much. You said that it's his retirement money so that will be the only money he'll have. Once he retire, he won't have any source of money and he can only rely on his pension/retirement money (if he doesn't have any business) so it will be too risky. If your dad agrees to investing some of it in Bitcoin, it's fine but I don't think half of it is a good decision. You know, when you get old, you have to prepare a lot of money for your health so it might be hard to lose a lot of money on investments when you're old.

In your retirement age, you should be enjoying the money or profit you got from investment not the other way around where you'll use your retirement to invest. There are banks that are getting bankrupt but it doesn't mean all banks will also get bankrupt at the same time. So what I can suggest is, if your family is fine with investing, invest a small portion and the rest can be used for savings, enjoyment, or start a small business to maintain your resources.

That’s a good idea, but I would suggest you first to ask for your dad’s permission and will to do this. If he agrees with this, then definitely go with the investment. But at first you need to understand that whether it’s Bitcoins or any type of investment, the risk of getting losses is always there. So yes, if you are agreeing to take that risk, then yes investing the funds will be a wise decision. Moreover we have seen what are Bitcoins capable of, so yes lets see how much profits you make here.

While you will get some good input from here, people's opinions shouldn't be what makes up your actions. If you are considering to invest the money into Bitcoin, learn all about it and teach your father about it. Only if he is on board, then go ahead :)


I wouldn't say that you're doing something wrong by investing the retirement into Bitcoin, I would say you're doing something wrong if you are hoping for returns/more money by the end of the year. While the logic is fine to invest in it over a mid to long-term or for 24 months during the halving years, but 6-8 months is too little to expect returns. Anything can happen. Everyone is expecting the boom before the halving...It's not uncommon for something unexpected to happen when people expect something to happen in the market.

If you only have 6 months, maybe put 10-20% in rather than essentially gambling with all of it.


You've said two things in this post. Firstly, that you would put it into Bitcoin to keep it safe in the bank (this quote) and then to take gains before the end of the year (quote before this one).
If you meet the following rules:
- You can afford to help for 3-4 years (in the event that the halving does not bear the fruits that everyone is expecting, or an unexpected event happens that temporarily stunts BTC price growth)
- You can afford to ride out volatility (not panic selling or worrying about short term price movement)
- You do not use leverage (only using self-custodial storage options and not betting the bitcoin to multiply gains)
...you will probably come out much better off than being in a bank. If you do not follow these rules, you risk losing more than what inflation would cost you.


I commend your fathers service and I hope that you do the absolute right thing by him. Good luck!

Your choice is not wrong, but I also want you to realize that the money you are discussing is not your own, and the fact that you mentioned your dad's plans for the money indicates that he lacks many things that he wants to cover up with this money and wants to make up for them by building a house. I believe that having money without a decent place to live is still useless, and your dad only relies on these funds after he retires. However, what if you invested half of these funds?
 
However, if I understand you correctly, you don't want to tell your father what you're going to do with half of his money. If I may offer you some advice, even if you want to invest half of your dad's pension funds in bitcoin, you must do so with his approval so that he will be aware that he gave you permission to do so in the event that something problematic arises or perhaps the price falls.
 

It is very risky, but first, consult your father and act as a man, not a boy, because it is difficult to make decisions on your own. The problem with investing that huge money is the risk because we really don't know if after a few years the bitcoin price will go up or down. If you can afford it, then go ahead. But if I do have that money, I will put some in bitcoin, and others will start businesses and start saving to build the house that your father dreamed of, but again, it is always best to talk with your father.

The story from the OP, like I have seen in many other cases, knows an investment opportunity and calls for people to support capital so that they can invest with it with the aim of making profit.
But in fact, such investment trust cases often face many risks, and especially for those who have a lack of experience in the investment field. Honestly advise OP not to bet someone's fortune no matter how good your intentions are without being knowledgeable and sure about the future. Build your own plan to do it instead, if you're young find a job and save money and then look into investing.

It would be a great idea to invest in Bitcoin but the question of how knowledgeable you are comes into play. Unless you have a broker or willing to get one, I wouldn't advice you venture into an investment you have little idea about.
DCAing would have been a good investment strategy as your money would be left to grow as the market yields.

You need to think about the fact that the father has lived his whole life striving for something and now he just wants to realize his dreams. Building materials will always only rise in price, you should not think that now is a bad time for construction, because everything has risen in price, it has always been like this and will always be like that. Therefore, if he wants to start construction and he has enough money for this, then let him do what will make him happy.

I would not advise you to manage your father's money, if he does not want to invest it anywhere, then this is his choice, you can tell him about such an opportunity, but he must make the decision himself and he must have an understanding of all the risks associated with this. If he just gives you half of his money and you end up losing it, then only you will be to blame.

Yes, it may be that in a year or two bitcoin will grow and the money invested will double or triple, but the investment decision must be conscious and it must be made by your father.

Congratulations on his retirement. I don't know which country you are from but I thank him for his service.
Your dad should build the house with his retirement money. No matter how expensive you think the cost of building a house is right now, 12 months from now the cost will be double and you'd wish he built it now. That's his dream let him find fulfilment and satisfaction in reaching it.

Do not put invest the money in Bitcoin. Build the house. Or better still put it in an investment with very low volatility. The risk is too high. Of your pops looses his pension money he may go down with high blood pressure. Guess you wouldn't want that to happen.

Yes, there's nothing wrong using retirement funds for bitcoin but it's not yet clear if OP's dad is aware of what he's thinking.

If this is like a one-time thing for his dad then that's fine. But if he's planning to use everything that his dad got, that's not a good idea as his dad planned for their house.

Construction or amortization might be that much but his dad would probably be conservative in his own ways rather than taking risks.

It's not bad to allocate half of the pension money to Bitcoin as part of investment if the money will sit in a bank but this is only good if you are the owner of the money and not the influencer to come up with that decision since you will be blamed once the money decreases it's valued since your father wouldn't know this Bitcoin investment until you pointed it out to him.

If this is my personal choice. I will just let my father do what he wants on his pension without my intervention since he deserves that for all his hard work. I will just earn my own money and invest in Bitcoin. Bitcoin doesn't guarantee profit, especially in your case as the money is already allocated for constructing your house. You should leave that money in your father's care despite your intention being good because of the risk involved.

ask him about your Idea, if he is interested then educate him, and make him the one who do the decision when investing in Bitcoin so he wouldn't rely on you about investing in Bitcoin.

the problem with this is that you might also make your father lose money by investing in Bitcoin. the best action you can do is to inform him about your Idea and let him decide whether he is interested or not, and if he is, educate him.

I know your intention is to want the best for your father. But can I ask you, how old is your father and wants to make more money than he wants, or he just wants to rest after spending his life in the military? For older generations, like our grandparents and parents, they have spent their whole lives working and earning money, and it's time for them to rest and enjoy life.
Bitcoin is a highly profitable investment that young people have always aspired to have, but retirees, I don't think they will be passionate about it. So let your dad decide what to do with his money, you shouldn't interfere. Regarding you, if you want to invest in bitcoin, make an effort with your own hands, we are young, and the opportunities are still a lot.

This is right time to invest. Price of bitcoin has reduced to half from ATH. You can double to money in 1 year. If you hold for 10 years or more, it can be 10x return also.

Retirement can be said to be old age, where people live to enjoy the rest of their lives. I think that if you invest in bitcoin, of course living people still have needs, and of course investing for the long term, it is very profitable to invest in bitcoin, but there is no certainty when you will get a profit. What comes to my mind is when I hear price fluctuations and it suddenly crashes, does it not affect my health later. I agree let father make his choice so that he can enjoy the rest of his life, only health is his treasure

As a son, I had a simpler option, namely using a pension fund to pay off some raw materials every month. But while allocating a few percent to the assets you want to invest. I have done this method and have built 2 houses within 5 years. What I do is not complicated because when there is indeed income every month from a pension fund, the step that crosses my mind is to always spend on basic building materials such as sand, stone, and brick which are long-lasting. Little by little, buying goods in installments is a lighter thing to implement than buying all the raw material needs at the same time.

Your father has done a great job by serving the country as a military officer, and he's a great father because he's discussing this matter with you and gave you complete power to do with the money that's given to him by the government on his retirement. In this matter you should do proper research before coming up with a decision.

I would never recommend you to invest half of the money into Bitcoin because crypto market has different volatility levels and sometimes uncertain events take place that cause huge dumps for many months. If you are really into crypto than invest only 1/3 of the retirement money into Bitcoin, and you should not rush invest in it because there are chances that there will be another dump in the market in coming days.

You should also invest the other portion of it into something that could generate some money for you, and that investment should be into any digital item, but on something physical. I recommend you to invest 1/3 of the money into a commodity like Gold because if your economy is struggling because of inflation than in such times investing in such commodity can be very profitable.

You should save the remaining portion of the money for hard times because it's always preferable to have some cash in your possession for uncertain events of the life. If you have the money you can live your life without any fear as long as you have some cash in your wallet. I still recommend you to do proper research before coming up with a final decision.

Talk carefully with your father because parents have their way of thinking in managing a good household.
Maybe when a conversation occurs between father and you as a son in conveying plans to set aside a small portion of retirement money into Bitcoin investment, he accepts even though he has plans to build a house with this pension money.

Another possibility, at least by delivering with a clear explanation that you convey can be material for your father's consideration because investing will not be good if it is done in a forced way, especially since the money to be invested is father's pension money, not your money.

You should discuss the potential risks and rewards of investing in Bitcoin, as well as explore alternatives like starting a business or saving for specific goals like building a dream home. Your father's financial situation and goals will focus on this, so it's important to evaluate all available options and make an informed decision together. So you have to involve your father in the discussion, which is really wise as it is his retirement and his input is very important in determining the best course of action.

yes, that is bad attitude and it will break the trust your Dad have for you by giving you his retirement money to hold and you use it by investing it in BTC  and if you Dad know that you want to invest such amount of money in BTC he will not allow you because they are used to fiat investment right from their childhood.
I don't think you will get more money from that investment because, BTC price is unpredictable which it can decide to decrease more at the moment you invest the money and it will make you feel bad and it will make your Dad to hate you. But if your Dad can allow the money to stay in your hand and you explain to him about BTC investment and he give you go ahead then make it 3 or 4 years before you can sell so that you will make a good profits that will make your Dad to like BTC investment.

Indeed. It has to be a conscious decision. The father has to be aware about every pros and cons of Bitcoin investment. He must understand the fact this market is heavily volatile, therefore the investment can oscillate upside and down for undetermined periods of time, until finally having profit. He has to understand BTC must be stored in self-custody wallets to let him (or his son) under total control of his own funds during all the length the investment is going on. He has to make sure he isn't going to need this retirement money soon for another expenses, because once the money is invested in BTC, he will have to wait patiently for the next bullish season.

investing in bitcoin just like investing in anything has the same very important basic requirements which are: never invest money that you cannot afford to lose. With that in mind, what you need to ask yourself is the following: would you and your father be willing to accept losing all that money you want to invest in bitcoin? if your answer is that you and your dad are willing to accept the loss of any money you put into bitcoin then you are more than psychologically ready to invest in bitcoin. this is the first step, now the second step is not to create high expectations in the short term, with that I want to tell you that you need to think about doing hodl in the long term something like 2 years at least

for example if your goal is to want to get 2x profit then you need to think that you will have to hold for at least 2 years, expecting big profits this year can result in frustration and if you know you will need that money in a few months so it will not be a good move to put it in bitcoin, so maybe you can put only 10% of the money and with that you could already hold for years and you would have a 2x profit, it is a matter of looking at the long term and not the short term, and when you look at the long term you only put money that you can afford to lose and that you won't need and before you put money in bitcoin you have to explain everything to your father

For me, you should pay attention that investing retirement money solely in Bitcoin is risky due to its high volatility. It's important to diversify investments, consider long-term outlook, assess risk tolerance, and lastly seek professional advice before making any investment decisions, especially with retirement funds.

You must be aware of the risks that will be faced later.
We are here, not all of us will get the benefits even though most of us will definitely get it, but that does not mean that all of us can confidently get profits in bitcoin because of course it comes back to the risk itself.
On the other hand, in this case even if you understand bitcoin but your father doesn't necessarily understand that and this could be something new for him so in this case there needs to be clarity because regardless of anything at the moment even if it is your father who has a relationship blood but it's not your money.
In the end the decision is up to your family but indeed if in the end you are not too sure and your father feels as if he is forced I still don't feel the need to overdo it because this is also not a bet that will definitely be profitable with the nature of bitcoin which of course we know we don't have any certainty of any advantage in this respect.

On the other hand, Bitcoin is not too familiar among parents, especially for those who have pension funds, of course they are more careful to invest their money for the long term and can provide profits, so that the results can be enjoyed during their lives for pleasure both for themselves and their families
Bitcoin is indeed a profitable investment, but it is very risky, moreover as Op said, expect more returns within a period of one year, Of course, it is not advisable to invest half the pension money from his father into Bitcoin

It's really hard for me to give advice on such an important matter. You should know that investing is risky. There is also the possibility that what you expect may not happen. Or the possibility of winning much more. Either way, you will be the winner or the loser. So instead of getting investment advice, you should learn about the market yourself. You have to make all your own decisions. That's my advice to you.

I think building a house is a wise decision and if materials are expensive then building a small house in which just life become possible to live is important. I think pension money will be enough for building a house as it is a saved sum of lots of years.

If you want to make investment in Bitcoin then there is no need to be put half of amount but just use 5 percent or 10 percent of amount because its enough to give you profit while remaining can be spend on building a house.

My candid advice is that you don't invest half of your father's pension money in BTC, it is way too risky to do that so you don't end up giving the old man an heart attack. If it were your personal money, it would have been a good idea investing it, but please, don't gamble with other people money.

There is nothing wrong with your idea as long as your father knows what you are about to do with it because in the first place, that is his money and secondly, don't forget the fact that he worked hard for it for over 25 long years in service, so he deserves to know as that is his right. Now, if he gave you the chance to what is needed for that money to grow, you still need to tell him about it and help him understand about the risks of this investment.

Most of all, if those money are that important to you and to him, please don't invest it at any cost if you guys cannot afford to lose it.

Do you properly about bitcoin, not as even that someone is brainstorming you to invest in bitcoin when you have don't have the ideas of bitcoin, if you don't have the idea and because of somebody have told of bitcoin and it's the reason why you are planning to invest in bitcoin I will advice you not invest in bitcoin  because I know that you will not monitor it properly, but whereas you know bitcoin and the value you can invest in bitcoin knowing the implications, don't follow people advice and do what you don't know well

I still remember how well the rule of not investing everything in one place works. It's wise to put only half of the money into Bitcoin and the other half into something else. But in Bitcoin investment, you are not so sure when the right month, year, or timing will be before your investment is able to earn you a heavy profit. So I would advise that your dad fully understand that the anticipated time to harvest the investment may not really be the correct timing because there might not be any good profit by then due to a bear market. But I can say that the step you are taking is good.

But I still have one thought in my head, which is that inflation will not stop with the way the economy is really going and the amount of printed cash in circulation. Money is of little value these days as its purchasing powers keep decreasing day after day. So what I am thinking right now is that, if your dad is not going to also start building the house now, before you guys might have saved up enough money to build the house or before Bitcoin will give you enough profit, inflation might have also gone worse. I don't know what to advise right now, but all I can say is that even if you invest in Bitcoin, you can use the other half to make some preparations to build the house, and the first step towards building a house is to buy land, buy sand, and mold some blocks or bricks.

I am not much of experienced  but I have Heard that always invest which you can afford to loose.
So that's your decision but I still don't know why dad gave you all of his life work?
 

We know that the chance is bigger than any other crypto because it is Bitcoin. But it's not like that that we want people to push limits and get into this type of decisions even it's not their money.

It could be an inheritance that OP is thinking of or he just plainly wants to help his dad get some profit because he has seen how it goes and how it's like to be on this market.

If he approves then that's much better and that's a good thing to hear from him.

Depends on a certain condition because we know that we do have different kind of father-and-son kind of relationship on which there are ones who are really like just buddies and there are ones who are really that scared because of that being strict when it comes to certain things on which making up some open discussion on various things is really that impossible. If OP is really on a condition on which he could be able to speak up with his dad without having no problems or being scared then its not really that bad to try on explaining these things to his dad about Bitcoin investment. The important thing on here is that on whatever things
that his Dad would be saying then he should respect it out and dont make some argumentations about this manner because we know that dads having their own choices in life and decisions which we childrens
shouldnt really be involving into that but its good if he would be making up some reconsiderations.

I think OP is trying to talk about his dads gratuity money which would be given to him after his final day of service. Investment is not  a bad idea though and building a house is never a bad one too. As it seems that is a huge bulk of money coming your way it would be wise to channeling it into an investment that would generate profit in the long run or bit by bit as time passes by. I would advise you diversify when investing. You can invest in bitcoin but you should know how volatile and risky it is and if investing should be a long term investment so as to take time yield profit for you but you should not put all the funds at a particular spot remember that it is not wise to put all your egg in one basket. Wisdom demands that you use the  funds wisely while investing so as not to go through ant financial hardship.

You're probably right, it's the only way it makes sense. Otherwise (depending on jurisdiction) he would unlikely be able to cash out his entire pension fund.
So if the gratuity is a lump payment payable on top of the regular monthly pension payments, then this changes the situation a lot. As it would likely be an amount OP's dad could afford to lose (not necessarily willing to), his risk appetite could be higher and trying his luck investing in higher-risk and higher-yield assets could not be a bad idea.

That’s a bad decision dude. Bitcoin investment is so risky so you don’t have to invest on an amount you can’t afford to lose. Although investing is more profitable than letting the money sleep on the bank but only invest a small amount first so that if you lose, your father will not be struggling in the future. Besides, your father might not overcome the stress and depression once his money will be gone all of a sudden.

First, it is not your money so you need the consent of your father.  If your father agrees then by all means use it on Bitcoin investment and if he refused then you can't do anything.  So it is up to your convincing capability whether your father will let you put his money on Bitcoin or not.  If we go by the line, invest what you can afford to lose, the fund is not yours so obviously you cannot afford to lose their money.



I think not see his line:

The son will be authorized to claim the retirement benefits but the father isn't really giving it to his son due to the fact that the son will be giving back the money.  The money has been allocated to something but the son thinks it is unwise to follow the plan.  But I'll say it is unwise to use our fathers money without their approval.

Investing is actually a good idea since it’s enable you to grow your money and make more profits. But if you invest half of his pension funds, I don’t see it’s reasonable enough. You can actually invest but only with a minimal amount as losing from this type of investment is still inevitable particularly for beginners. But still whatever decision you have come up to, your father should agree with it because that’s his hard-earned money in the first place.

Honestly,  I have mixed feelings on this issue and how the retirement funds are being used and I don't like it because  it sounds a bit selfish too me...no offense OP !

Let's not forget that this package that comes needs to take care of Dad and the family as he will nolonger be part of the workforce in the coming years and this will need to go a long way!!

As this stands, when you commit to invest in cryprocurrencies,  you are saying you are in it for the long run, and crypto will not grow in one direction like a tree following light, no...sometimes, it will be red, sometimes green and other times range around and if you are in a hurry to see your portfolio grow this might give you headaches which is why am saying you need to be ready for the long journey to success as its not a rosy one! Bitcoin investments should be treated like money you can afford to lose without having to feel the pinch,  but if this is the only money sitting around  better not make a huge investment!

I wouldn't be surprised if a father gave all his life's work for the one child he loves in this world. Because a father's job is to ensure that his child can live comfortably after giving everything he has. And in terms of investment it is highly recommended to use savings which are capital reserves that are not used elsewhere in life because it certainly does not affect a person's life if they experience loss.

After all, as long as a person does not sell his investment loss, of course he has not experienced a loss even though the value of the asset he invested has decreased because basically an investor still has time to wait for the price increase to occur again for his asset. So actually it is not a question for you because such a thing is something that a person should do based on his own decision.

No, it's not a good idea.  You have no basis for your "advice" here.  For anyone to be able to give proper financial advice to someone, one must first understand that persons FULL financial situation before ever starting in on giving advice.  Bitcoin is a highly volatile asset and is likely not even close to being a good idea to put half of his pension in to it.

What most of you fail to understand or realize, a PENSION is something that is rare these days, and typically something that pays out a lifetime benefit.  Blowing up a pension can often be an incredibly bad idea.

All of you giving advice should just stop.  You're not licensed to do so and most of you sound really stupid.

People always feel confident or have no control when they see the many benefits that others get in investing. So they kind of lost their best minds and used huge funds. They don't think there's a big risk that could happen. Actually, investing does not require large costs. Start small, make it big. New people sometimes lack patience and act carelessly. But if they feel confident in their abilities, then starting an investment with large funds and good management is a little better.

They are blinded with some information that they can earn huge profit with investing on it, but they failed to realize that its so risky to do this knowing that bitcoin is so volatile and we may go up or worst down without us knowing so if market badly goes down for sure hus father might lose huge part of his money since for sure he will get affected on situation and might decide to dump for damage control.

Its really good to invest on bitcoin but this is good only for spare amount of money and not came from loan, retirement or even your last money on hand.

To add some additional guidelines, always make sure to keep yourself updated from the market price of BTC. While making it as a retirement plan is indeed a good move, this is still not a guaranteed ticket to success. This means that you have now the responsibility of diligently doing research to maximize the investments.

As a rule of thumb, you can recover your initial investment once the price explodes in the market and re-invest the remaining. You should also always try to take advantage of its volatility to make the most out your investment.

It's sad for young people who always want to invest in bitcoin but always want to use their parents' or other people's money to invest without trying for themselves. You don't have to teach your dad what to do with his money, he's the one who gave birth to you, and can raise you, so he knows what he needs to do. Investing in bitcoin is an extremely risky investment, and do you think older people can withstand that pressure?

Providing a small reference from a child's perspective is not a grave error. We all know that eras are constantly transitioning, wherein the thoughts of parents may not necessarily match the extent of insights possessed by the younger generation. This is because time keeps progressing, and indeed, such transitions occur.

Indeed, investing in Bitcoin carries significant risks for the assets being invested. To address this, the father could allocate a small percentage to explore Bitcoin and learn about it. It would be prudent to give Bitcoin a trial run before determining whether it aligns with one's risk profile or not.

However, for the majority of his assets, I still recommend prioritizing his initial goal, which is to own a home no matter the means. It is his dream.

According to the OP, he wants to use 1/2 of his father's retirement money to invest in bitcoin. In my opinion, it's quite risky, and I really disagree, we should just introduce his dad to bitcoin and use only a small part to discover bitcoin first, as you said. Moreover, it's his retirement money, OP shouldn't interfere too much, let him do whatever he wants because older have dreams unlike young people like us.

My parents also have some savings and are putting them in the bank, but I never advised them to interfere in their decisions. I believe they are aware enough of what they are doing, and I respect their decision.

Indeed, not only for OP's father, but I think health is the most important thing that retirees or old people. Money is important but not everything at that age anymore. We all have parents, and I also believe that not too many people guide or give them bitcoin investment advice. Because they really don't fit it. Have we ever thought about what they would be like if they saw the volatility of bitcoin? We should be more concerned with their health than thinking about how they can earn extra money in retirement. At each stage and age, we will have different needs.

You think it's fine but I will stand by my opinion that OP should ask first, you said it already, it's OP's father's money so I don't think OP has any right to spend it without permissions.
Those financial advisors that aren't aware of bitcoin and cryptocurrencies are bad financial advisors, I don't think they're a profession that lives under a rock most of the time.

That's what is happening with most of the newbies, they just look at the profit other people get from investing and don't understand the risks they can take when investing in bitcoin. If bitcoin could be profitable easily and without any risk, we would all be able to borrow money to invest and become rich without calculating the risk. What OP is doing is actually quite risky, using retirement money to invest in bitcoin and what's worse, it's not his money. He won't understand what his father sacrificed to earn that money.

People frequently regard bitcoin investment as a place where you simply put money and get rich quickly. There is more to it, but we fail to recognize it because we are only concerned with the profit they can make. Bitcoin investment is fraught with danger, and it is only for the brave. Investing your father's pension assets in bitcoin is not a good idea, especially when you already know what he intends to do with them. This investment you're considering can result in either a loss or a profit. But because it's uncertain and because it's money you or your father can't afford to lose right now, it's dangerous to invest in bitcoin with it. Also, does your father understand what bitcoin is and how it works? If he doesn't, I think you should talk to him first and explain how it works correctly so he understands what he's getting into and what to expect so he can comprehend the danger involved in this transaction. And if he is interested, you can proceed to invest in bitcoin.

I recommend that you attend to more immediate demands before investing in bitcoin.

Is your father willing to invest half of his retirement money in Bitcoin or it's your idea? Investing in Bitcoin is profitable however let's not set aside the risk because anything is possible to happen. That being said, it's important that the amount you'll use to invest in Bitcoin is also the amount that you can afford to lose. It's the basic rule of investing.

You can't be so certain everything will go as planned since Bitcoin's price is unpredictable. Yes there's a chance for it to soar high but there's no specific period when it will happen and it can take longer than you expected. Hence, it would be better to discuss this to your father so he's also aware of the possible consequences.

First of all, the job of investing in Bitcoin is a job that involves a risk because this requires an Investor to be sure and firm with the risks that will arise later, because basically Bitcoin is fluctuating causing prices to be prone to changes whether it will go up or down, and to be honest Your intentions and plans are very good to use a little retirement money to invest in Bitcoin.

But if you use a timeframe of one year, are you sure that the not too long term will get the results you are targeting, because one year I think this is not a very long term, because most of those who make investments target a distance of 2- 3 years or more but if you are sure there is nothing wrong but you can do it with the DCA technique and maybe it will help your problem, we think you can do it when the family agrees, to be honest using pension proceeds is not a bad idea for investment anyway this Bitcoin will certainly get good results.ood results.

I thought this was something your father decided on and he trusts you so much that he decided to do that for you. That's a good decision ^{(Of course, I'm biased in Bitcoin)} and that would be a make or break, and there's nothing wrong with deciding that as long as it's done wholeheartedly.

You can continue investing if that's what you want so that in the future, you can say that you have something to do with that since it's about Bitcoin.

I agree, I mean putting lets say 10% of your retirement fund on bitcoin and leaving that would be fine, the worst case scenario you will lose all of 10%, which we all know they won't but lets assume the worst. However, if you are going to end up putting all he has, then we are talking about something terrible.

Don't risk that much money for old people, bitcoin is slow in that regard, it may go up quick, but it take years for it to start going up quick, one day it will be 30k and next month it is 80k, but for that to happen we wait 2-3 years, that's why it is not a good idea. Don't put that much stress into people and you will end up with a lot of trouble, I personally would suggest doing something smarter and just get out right on the correct time if possible.

You should to think thrice before you invested. The main rule is not to invest money that you can't afford to lose
What if in a year, for example, the price will fall by two or three times. Of course, she may grow to heaven, but this time will be the most hectic for you.
Invest some money that you don't mind losing

From my point of view you should to discuss this idea with your dad and family. You must consider the whole situation and understand that you can lose money or get rich. In any case, make a collective decision

It was just his own idea, his father didn't know this. Because according to what he said, he was just a kid and couldn't give any advice to his father. Furthermore, OP also mentioned that OP's dad's dream is to build a house with this money. It shows he doesn't want to lose this money, and it means a lot to him, so I don't think OP's idea is good.


I don't know how long OP has been in the market but with a greedy mentality that only thinks about profit and not risk, it is too risky for him to take his father's money and invest in bitcoin. Again, I cannot support the OP's idea with that in mind.

What is also I've noticed in today's generation is that they will decide immedialty without any calculation ,like if they saw someone who profited on it they will then say they can do it like immedialty they decide, also there are others that too eager to do it but when it is already ongoing they will quit as they haven't expected that they are losing. I hope OP listen to replies in this thread as there are chance that his father would agree on him , but again it is better to both of OP and his father talk to it and make calculated risk about the investment.

Op and his father need to consider the possibilities thoroughly before making a choice. They must always be aware of the risks and make sure they are prepared to handle market volatility. It would be preferable if they only invested the money they could afford to lose in Bitcoin if the retirement pension was too big.
They might be too overwhelmed for now but deciding on this should take time for them to know what to prioritize first. New investors nowadays think as if Bitcoin always provides rainbows and butterflies but it is actually a roller coaster ride where fear might exist often. If they will choose to invest in Bitcoin, they have to be firm with their decision but of course, they need to do their part on researching so they would completely know how Bitcoin investment really works.

You must be aware of those risks and approach investment decisions with a realistic perspective when it comes to investing in bitcoin. Remember that not only do people get profits from bitcoins, but there are also many people who lose money from them. So once you decide to invest in Bitcoin, you should only invest the amount that you can afford to lose without significant financial difficulty. And above all, it is important to thoroughly research and understand the risks involved in order to adapt to market volatility.

I think it depends on how knowledgeable a person is about the risks involved in investing and in this case Bitcoin, because if the question is about whether or not someone can withstand the risk of investing in Bitcoin, of course this will lead to the knowledge he has. not at the old age he already had.

But in this case, it's a bit unfortunate if there are young people who still can't make money for investments, so they still rely on their father's money for this, which basically they shouldn't need to use the money for in investments. Unless the two of them are really willing to bring their money into an investment whose choice is Bitcoin.

I would say first discuss it with your dad, let him be in the know since this is his money and he has worked hard for years for it. Even if he doesn't fully understand what btc and crypto represent, it is important he is aware of this plan of yours in case of unforeseen circumstances so it won't appear as a shock to him.

Again, I would suggest to invest (if you must) 20% - 30% and not half as you suggested. Crypto can be profitable as well as very risky, nobody knows what will happen from now till year end. Your family depends on this money so be very careful with the type of decision you make on behalf of your dad.

It would be that sad if the dad finally want to use the money after retire and finds out that the price of Bitcoin had fallen. There are some certain risks we are nit supposed to take especially when it comes to finance. For a person to work for the government or his/her boss for many years and coming back home as a retired father, noticing that the worth of his retirement fund had reduced without his knowledge. This can be heart breaking and it is not something we need to joke about.

Exactly. Bitcoin investment does not give fixed pattern when to make you profitable, and it might be even a loss in the end if you become impatient with its high volatility. So investing half of your dad’s retirement never sounds good. However, you can still pursue investing but with only a small amount. Besides, beginners should never settle with a huge amount of capital knowing they are not yet skilled and are less experienced when it comes to how the market works.

IMO it's a great idea. People who don't take any risks in life don't gain anything. Maybe you'll regret it, there's a small chance bitcoin will not succeed, but would you want to miss the opportunity and later regret not spending your allowance on bitcoin? If iI knew I could make a million by investing 1k in bitcoin early on, or lose that 1k, I'd take that chance without thinking too much and I believe most of us would.

That's one thing that's setting me back when I see threads like this and after not reading that there's a consent from the person of their subject. If there's no permission, there's no need to force it.

These people are delicate and sensitive people. Even if we say that they're the kindest, it's their money that they have worked for their entire life and they wouldn't just allow that to lose through volatility if they don't understand what they're getting in.

It's better to just let them do whatever they want whether it's another investment or some kind of recreational activity with that money.

Taking risk is something you have to deal with if you wish to achieve something big in the future, but taking uncalculated risk will only put you into a losing end and all your money and efforts may only go into waste. So never take risk beyond your control, in which investing half of your father’s retirement funds into bitcoin sounds too risky no matter where angle you’ll see it. You could lose them all instantly and will leave your father regretting losing all those hard-earned funds.

All I can say to the OP is; If you lose your father's retirement money investing in bitcoin can you get back the money you lost? If the answer to this question is not clear, don't do it. Congratulations to your father on 25 years of service to the Army. You state that the costs of building a house in your country are high, so you are facing high inflation. In the country where i live, house costs are very high and even if you have the savings to build or buy a house it has become almost impossible.

Unless your father is in urgent need of retirement money, the advice i can give you is to buy and sell cars with some of the money. One area where you can make a profit without much risk is the buying and selling of used cars. Inflation is effective all over the world and the price of almost everything is increasing day by day. If you can't afford to build this house in such an environment you can buy and sell cars that turn into a risk free investment tool.

They want to take risk but not with their own money and belongings, and worst is they will risk those funds who were owned by seniors who are not even capable to manage their emotions especially when it comes to losing their hard-earned retirement funds. Though we all know bitcoin investment has its own way to make us future millionaires, but know that it’s not gonna happen instantly. You need to lose first some significant amount before you can reap what you have been working hard for.

Investing half of the retirement fund in bitcoin is a great idea, but I feel that it shouldn't be a decision you make alone, get your father involved and see what he thinks, since the money belongs to your father, make sure he is in agreement with your decision to invest part  of the money in bitcoin.
This is because bitcoin is very unstable in price, and there is no guarantee anywhere that by one year, you should already have a profit on your bitcoin investment, so just get your father involved in the decision making, so that if by the end of the year, your investment have yielded any or much profit, you both can decide whether to leave the investment running for longer or cash it out as it is.

We know that these seniors are really that somewhat impulsive when it comes to this money making opportunity considering that they dont have any work for them to have income on which they would really be mostly be thinking up on possible ways to continue or trying to make use of their money to earn more despite on getting retired on which its likely they would really be diving in if there are some recommendations about investment.Sad thing is that even with those scammy ones they are really that still diving in due to lack of knowledge.In the case that we are seeing on OP about telling it into his father about investing into Bitcoin, we cant say its really that good or something recommendable but we can really tell that it is really one of the best choice to make if we do talk about long term
but its better that he would letting his father would really be making the decision whether they would be putting some in bitcoin but most likely his father would really be buying up something
that he do really wants to buy for a long time and that would neither be a house or a car or something like this.

It is a great idea if @OP has the permission of his Dad, it is his Dad's money and not his.  Using it as an investment without the knowledge of his father is like not giving respect to his father.   Life is not only about getting a profit, people are also bound by moral obligation thus, @OP must ask permission from his father before using the money to invest in Bitcoin.  As far as I know, the money has been allocated to other things and @OP's father had entrusted to money to @OP to do the plan of building a house.

If it's OP's money, then what you say is true, but this isn't OP's money, it's his dad's money. And his dad is retired, and you think investing and holding property for many years is right for them? While what they need is to rest and enjoy life rather than need to earn more money. If it were OP's money, I would support him doing it too. By the way, OP should make his own money to invest in bitcoin, don't advise your dad to invest in bitcoin just for your benefit. He's worked hard all his life, and now it's time for you to pay tribute, you give him money to retire. It's not about continuing to use the money of a retired old person.

Since the OP mentioned that he will invest half of his dad's pension is actually a good idea to 50/50 it. Just make sure that the money you will risk is a money that you actually afford to lose since there's always a risk involved when it comes to investing in Bitcoin. While you guys are figuring out how to counter inflation due to expensive materials then crypto is the answer, just do more research and knowledge. Take your dad's consent since it's the money we're talking about it might conflict your relationship. But having an investment after a long serving in the military is the best.

If what you say is true, then OP is to blame, he is looking to invest in bitcoin with other people's money and even without his father's permission.
I don't think it's a great idea, retirement money is like saving, and for those who retire without income, investing in bitcoin is not a good idea. What if the investment is at risk? How will his father live without a job and rely solely on that money to make ends meet?

I guess this is just OP's own idea, and his dad doesn't know this yet. My advice is that OP should seriously talk to his dad and let him decide because that's the money he worked so hard to get. The idea of investing in bitcoin is good, but we need to consider the amount to invest. If we can't lose that money and it's important money for life, then investing in bitcoin will no longer be called good. Bitcoin brings high returns, but the risks are also very high, we should not only look at the good side but ignore its negative side because anything can happen.

You are absolutely right that it has become very difficult to build a house in the current inflation. If a house is built with the pension money, financial problems will increase further in the future. I have seen many people who have built houses with pension money, and then they keep looking for jobs elsewhere.

Starting a business with pension money would be a great decision. If you want to invest in Bitcoin then Bitcoin investment is also a good strategy from which you can earn good profit, but before investment in this market you need complete information and study. This market is very volatile and may go against your expectations. If you can hold Bitcoin and be patient if the price falls down, and if you can control your emotions, then definitely invest in Bitcoin.

If you think building a house with retirement money is riskier than a business or an investment. What do you have to guarantee that the pension will not be lost when you invest in bitcoin or business? Whereas if you use it to build a house, you still have an asset over time, giving you a place to live without having to sleep on the street if your business fails. Moreover, have you always thought that investing in bitcoin is good? So what have you gained from investing in bitcoin? Bitcoin investment is risky, and we should only use the money that can be lost, do not invest it blindly.

Firstly it is your Father's choice where he invests his money, not yours. Secondly if he invests in bitcoin now then he has to be willing to ride extreme volatility. Bitcoin is a great investment, there are very few similar opportunities these days. Personally I wouldn’t want the pressure of being responsibly for another man’s investments. You are doing the right thing by helping him but you will have pressure when we are in a bear market. Luckily now is a really good time to buy so if you hurry up, he probably won’t see the price dip too far below his entry price, if at all.

It's not a bad idea to invest in Bitcoin but you should keep one thing in mind that invest all those money in Bitcoin which you can lose, As because due to volatility may be some how price dumped in future and you have to wait until his rise, so don't expect that exactly after one year there will be a bunch of money in your hand as these is no confirmed time or moment where you can predict Bitcoin next move. But if you are really passionate and can hold Bitcoin for long time then it will be a good choice rather than building house...
At last congratulations to your father as he has done a successful 25 year services for military

However, his father has a dream, which is to own a house. 50% is too large of a number to risk for a family who hasn't fully understood the risks and consequences of investing in BTC . A large amount with uncertainty will make people worry about their money.

The best suggestion would be as follows: allocate 80% to fulfill his father's dream of buying a house. 15% for investments in Bitcoin and stocks, and the remaining 5% can be used as an emergency fund. OP's father will be happier when his dream is fulfilled and he feels that his life's purpose has been accomplished. This way, the hope for greed also decreases, allowing for more freedom in Bitcoin investments with a small percentage.

I know that there are strong bonds that we can see from being a father and a son/daughter. But I have also seen countless times that if money is involved, a lot of things changes just because of it.

There's still no answer from OP whether the permission is there or none but it's the point that many were talking about that he should have. Well, much better to just follow his dad's dream of having his own retirement house for the peace of mind.

From what OP said, I can see his eagerness to get invested in bitcoin. I worry that he won't be honest with his dad, he will only talk about the benefits bitcoin can bring and ignore the risks they will take.
OP, I strongly recommend that you have a serious talk with your dad, you should talk about the risks of investing in bitcoin with him. If possible, you should emphasize risk over return. After all, it's not your money, and you don't have the power to make the final decision.

To be honest, I would not advise you to go ahead with this idea of wanting your dad to invest 50% of his pension in bitcoin because Bitcoin is a volatile asset and the price can go either ways, it can appreciate making good profit or depreciate yielding a loss. Bitcoin investment is not a ponzi or get rich quick scheme, it takes time and requires patience. In the days of the stormy weather like the bear market, will your dad be able to handle it?

...And come on mate! 50% is a whole lot of money! Like you pointed out, your dad hasn't erected a house yet and I want to believe your siblings are still in school... Will the remaining 50% be enough to take care of the family needs like feed the family, sponsor your siblings through school, cater for their health bills etc... until the investment yields a meaningful profit? I guess not.... And there's no guarantee that Bitcoin would double its market price before the year ends. In case you still want to proceed with this idea, do well to educate your dad about the financial risks involve in bitcoin/crypto investment and I still think investing half of his pension is a bad idea.

Investing your father's retirement money in bitcoin is indeed a very good decision. Especially in the current year, I think it will be very profitable, because if you buy bitcoin in the current year, the profit is likely to be bigger and a little faster. Because bitcoin will soon experience a halving, which is predicted early or late next year. So if you start investing in bitcoin in the current year it is indeed very appropriate. But still, you have to consult carefully with your parents, especially your father. So don't force your opinion on your father, even though investing in bitcoin has great potential. So in conclusion, suggest this bitcoin investment to your father, explain in detail, because most parents tend to have difficulty understanding digital things such as crypto/bitcoin assets. If, for example, your father already understands and agrees with investing in bitcoin, then you can start right away. But if your father doesn't agree, it's better not to force it.

Why do you think investing in bitcoin with a retirement fund is good?  meanwhile, we don't know if that money is important and is an amount that cannot be lost to their family.  if their entire family relies on that retirement money alone, it's a bad idea to use it to invest in bitcoin. One more thing, we don't have any proof to prove that bitcoin will definitely increase and make us profit.  it's all just predictions based on the past, nothing more, nothing less.

It's sweet of you that you want to managed all the money for your dad. Not building a house right now seems like a good idea, in my country as well the building materials are so expensive that it's better to wait. We had 1.5 years of high inflation where every construction company increases prices by at least 30%, it could be the peak right now as prices are expected to slowly fall again. On top of that are we seeing a big increase in financing cost which is going to make any real estate deal more expensive down the road. Your fathers retirement allowance is a monthly payout or a big one time lump sum? If it's monthly payouts and he doesn't need all the money now, then it definitely makes sense to invest that money. Going into bitcoin is a good investment and if you manage everything for him that it shouldn't be any security concern. In case his retirement money is big one time payment that I would advice to split his money into smaller parts. Investing 50% into bitcoins also involves some risks and in case your dad needs the money short term it could be a problem. Being forced into selling at unfavourable prices can lead to big losses.

Let's see if your father is retired and has some wealth in his late age which he can spend carelessly later in life. You will invest your father's reinvestment money carefully so that your father does not face difficulties in his livelihood later on.
Since your father is old, paper money is worth more than bitcoin in his old age. Not to mention whether your father's retirement money should be invested in your Bitcoin in this situation. You should secure your father's future and then invest.

In this case I think more than 20 percent should not invest. Because people well aware about Bitcoin but they cannot hold it various reasons. There is nothing to do if the wallet is hacked or something else. Moreover, retirement money of a person in one sense is considered the last earning money of any person by which he will survive till death. If that money is invested and lost then no one will suffer like him. When a young man loses money he can recover it by hard work but a retirement person cannot recover it if he loses his money. In this case I think he can invest some money in Bitcoin which he won't have any big problem if he loses.

Of course, involving our parents in the decision-making process is very important when it comes to investing their retirement money in Bitcoin. Since it is his hard earned money, at least respect his ownership and involve him in the discussion as Bitcoin is known for its price volatility, and there is no guarantee of an immediate profit within a year. But the first step I think here is seen as important to prioritize open communication and ensure that both parties agree before proceeding with any investment decision.

Don't put your all dad's money in Bitcoin. bitcoin market now very appropriate for investment. So investment but not full amount of your dad's retirement money.

Firstly, is good you're looking out for your Dad as a good child but this is about him. Before retiring he has what he planned to do and you coming to introduce bitcoin to him might be too risky. A year that you're looking at may be a small time in holding the coin, you might need to hold for three to four years before you experience a great level of profit you would be proud of, there are many businesses he can invest in if you do proper research that can yield a profit level within a year and later from the business you can invest some percentage after realizing a profit.

the idea as a whole is not bad, but it is worth starting with one important point. First of all, your father must understand how bitcoin works, all its advantages and disadvantages, what the consequences can be when investing a large sum, and so on, it is important to transfer your knowledge to him so that you speak the same language with him. After that, it is possible to conduct an experiment and buy for a small amount so that the mechanism is fully understood, and then make a decision at the family council.

I do not advise you to do this. You risk taking on extremely dangerous obligations. You need to risk only the money, the loss of which will not affect your family's well-being in any way. Which will not affect in any way also your ability to eat as you are used to, to pay for an apartment. Or buy clothes that you used to buy.

I am not a saint and I will say that I took a loan to buy cryptocurrency and now I think that I took a big risk. Although I was lucky then. I bought a cheap bitcoin. It is better to try to save extra money and invest after three or four months. To do this, you can find additional work, as I did. I have 3 part-time jobs, including full-time work. And I'm happy because I don't need money.

First of if you would invest his money shouldn't you tell him about it first?
It is his retirement money so he should be aware of it even if you have access to his money.
Investing it in Bitcoin isn't bad thing but at least let your father know and decide about it.
This should be discussed and decided with your family not with strangers or forum members.

15-20% is considerable but going beyond those numbers are already risky considering that we are talking about retirement money on here on which it should really be that sensibly well spent on things that should really be need to be prioritized first. We know that even how crypto space had flourished or succeed but still its not something that would really be giving out guarantees that it would really be successful in the future,
which means that if you do heavily invest or having that all in kind of approach then you are really that putting your money at huge risks. This is why risk management is really that crucial on these kind of times on which it is really just that right that you should really be that mindful about risk and dont be like a gambler when you are really approaching with investment, its not really that the same.

Explain it into your father and tell him about the basics and he might really be able to reconsider but if he chose or oppose such explanation then its better not to pursue and force him off.
Old geezers would really be tending to stick on to those traditional things.

Yes, it's true that the step that should be taken is to discuss it first with his father as the owner of the pension.
Even someone who has retired certainly has a desire or purpose for what his retirement money will be. even though it was his father's money, but the full right to what the pension money is is his father's right and he must agree.
and one more thing, I hope the OP pays attention to how the regulation of Bitcoin in his place of residence is it considered legal or in fact it is even considered illegal and unlawful.
don't let his good intentions to invest in Bitcoin actually bring legal problems to his father and family.

Investing in Bitcoin with dad's retirement money isn't bad. At the end of any government service period, the government gives us some amount of pension during retirement. By using this pension money we can invest in different places and earn money. We can invest in Bitcoin. But for this you need your father's permission first. You explain Bitcoin to your father and tell him about the potential of Bitcoin. Sit down with all your family members and talk about investing in Bitcoin with your father retirement money and talk about the potential of Bitcoin. Then if your father is happy with it and comfortably allows it, you can invest in Bitcoin.

Are you deliberately lying to your father and family? I mean, I just see you focus on talking about the positives and the potential of bitcoin, and you ignore the potential risks it can bring. Don't forget, the higher the return, the higher the risk and bitcoin is one of them. Instead of just wanting to take your dad's retirement money to invest by just talking about the potential and ignoring the risk, you should be more honest and need to emphasize the risk to everyone. Retirement money is very important for retired people as they will rely on it for the rest of their lives. Have you thought about how your dad would live if that money disappeared? Can you afford to feed him?

Investing your father's retirement pension on bitcoin is not a bad idea. But remember you should only invest the money that you only afford to lose because even bitcoin will give you a higher return there will be a much bigger risk. We all know that bitcoin has a huge potential. But if you are in need of money, investing your father's retirement money is not a good option because your father will not be happy if the price of it will go down to 50%. So try to figure this out with your father on what you should do on investing his money on bitcoin.

First of all, don't invest your money in one bank if you are afraid of banks going bankrupt and losing your money. Deposit your money in several banks and keep it that way. I can say this about buying Bitcoin and waiting. If you have enough time to wait in the long term and enough money in the process, you can invest. Bitcoin has never lost in the long run. Still, the decision should be yours. You should know the risks and act accordingly in the market. Just as banks are likely to fail, so are stock markets. That's why you should learn ways to protect your investment. You need to learn methods such as cold wallet.

What exactly makes you think so? Bitcoin is currently down ~60% from its ath ($69k), so how can you claim it has never lost in the long run?
What you mean is that historically Bitcoin's price moved in cycles, with each cycle bringing new ath, but, as the things currently are, you cannot say that it has never lost, as that's simply incorrect.
Also, the belief that the price will keep moving in the same pattern forever is naive. It's simply not possible for it to move by a similar percentage each cycle, as everything has its limits.

smart investors do not see the $69k all time high as a "value" point that has lost.
they see it as the temporary premium..

EG a bottom of $10k in 2021 that had a temporary hype of 6.9x
(flip your mindset to see the bottoms as the value, not the tops

for many years i have always evaluated bitcoin from its well tested BOTTOMS (not the highs)
EG 2017 was a $900 value not a $20k value
EG 2021 was a $10k value not a $69k value

if you look at value from the bottom and then understand things from the bottoms.. then you can then GAMBLE on your future by deciding when you buy in above the bottom which obviously if you buy in 2021 at $69k when the recent bottom was $10k(in 2021) that you will effectively be waiting 6.9x longer than if you did buy the bottom
because eventually the bottoms do rise to then out pace a previous high..


yes we are no longer in the 2011 era of a 100x spread. or in the 2017 era of a 21x spread
we are in an era of a 5x spread meaning it will take longer to reach 6.9x of old bottom becoming new bottom. and eventually after a few cycles this spread will be ~2x meaning people will need to control their emotions more and not buy the hypes(highs) as much and instead concentrate on buying the dips/corrections(near bottom)

In 14 years of existence and development, bitcoin has had impressive growth, and anyone looking at it must be envious. But that cannot guarantee that in the future things will still happen and history will always repeat itself in such a simple way. If bitcoin investment is that easy as long as long term holding is sure to be profitable, then I will sell all my assets to invest in bitcoin without worry, LOL.

Like what is happening, when everyone knows bitcoin will increase in price after the halving? Is it that simple? Are we all going to get rich so easily?

This should be an agreement between you and your dad; you can't rely on your opinion and that of others here because we are not going to share the risk involved with you. It's risky for you to invest up to half of the funds in Bitcoin; instead, you can discuss with your dad that even if 1–10% of it can be invested over a long period of time, it reduces the amount at stake, and you can as well keep a close watch on the price movement since the invested amount will be less. There's no need to panic sell; you can wait patiently for the price to go up in order to realize a profit.


What do you mean by "diversification"? Does sharing the assets with different altcoins change the fact that crypto investment is risky for such a kind of money, which seems to be the family's live savings?


The OP doesn't need to undergo anything in order to understand what the pension means to the father; a reasonable and close child to the parent will understand all that it took the dad to make a living; they share the pains indirectly, and the OP is not just taking all the father's retirement funds to invest in Bitcoin; all he/she asked for was an investment idea in order to increase the father's retirement fund so that it can cover up the expected expenses. Even if not all, at least a little thing will be added to it; it's better than nothing.

The world of investments is never a surefire bet, not even with Bitcoin. I agree that the current ~60% drop from its ATH does paint a bleak picture. However, the essence of Bitcoin, or any investment for that matter, is not captured by its momentary performance but its long-term trajectory. Bitcoin, throughout its 14-year existence, has shown phenomenal growth. Its demonstrated its capacity to bounce back from lows and reach staggering highs. Of course, this doesnt guarantee a similar trend in the future. Yet, should we discredit its potential based on the current downturn? Indeed, thinking that the price will surge post-halving is naive. Numerous factors drive Bitcoin's value, and we must acknowledge these complexities. Bitcoin is not a ticket to overnight wealth, but rather a testament to the potential of decentralized, digital currencies. Therein lies the real value!

It is wise to invest in bitcoin especially if you are investing with your own money and the amount you can afford to lose but now that you want to invest with your dad's retirement money, I think you should inform him first to get his approval since it is his money not yours and also you need to chose only bitcoin investment when he finally agrees so you won't end up losing all your funds in altcoin investment because none can be trusted because they have no future.

Before you invest also try as much as possible to get knowledge on the type of investment you want to do so you don't end up wasting the money because of lack of knowledge,I will suggest you HODL but that will be more beneficial for a long term investment.

True, starching money in the bank for a long period is only a waste of asset and time as nothing profitable is attached at the end but if I should put myself In your old-boy should I would say you should let the old man breathe fresh air with his money by building for himself and family a place to call a home of his. There's no time the cost of things are going to get better or reduced not even building materials so people should always be ready to build the size of a house their money can afford for them, and I have the feeling that the old man's retirement benefit can afford him a good sizeable house  looking at his years of service. Don't delve into the risk of crypto investment with another person's money despite your relationship with the person always make sure to use your own money and an amount you can overlook just in case. By so doing you have to owe anybody any explanation at anytime.
If it's your own money then you may not be doing wrong but since it's another person's money then you're doing wrong . There are things we're advised not to do as crypto investors and traders: never invest/trade on behalf of someone with their money; never trade/invest with amount beyond what you can absorb in the case of a loss.  Be mindful of the fact that market volatility may end up not working according to your plans for the end of the year.

I think the OP should pay attention to the above suggestions before he decides to invest part of his father's retirement allowance into crypto investments, the first factor is that the investment fund belongs to his father and he must ask permission from all family members to provide long term investment solutions that have the opportunity to make big profits in a few years , and he must also explain the impact of risk of loss if he does not consistently hold assets for the long term.

The second solution, if all family members trust the management of funds to the OP, then it is recommended that the investment fund is lower than some retirement benefits, for example 30% of benefits, the Op must also be knowledgeable about crypto market analysis and prioritize adding assets by the DCA method or diversification, so that OP has the opportunity buy at any price correction or better be patient waiting for bearish market conditions as BTC prices are heavily discounted.

Im pretty sure that he dont have access into his fathers retirement money but rather trying out to convince his father about investing on Bitcoin on which means that proper explanation would really be the key on here on which whether he would really be explaining it to this father if he's really that serious on telling him about investing on Bitcoin. He should really be that knowledgeable and somewhat convincing about the explanation about it because if not then for sure his father would really be just simply reject out such proposal or recommendation on investing on Bitcoin. In overall it is better not to make your Father do need to make some choices because its his retirement money after all, maybe he had something that really wants to buy or purchase but if you are really that somewhat close to your father and having that
open to each other then it wouldnt really be a hindrance to make out some recommendation in regarding to it.

As much as I believe in bitcoin I don't think I would ever suggest my parents to invest half of their retirement funds in bitcoin, maybe like 1/10 yes, and that is already a very high stake. You better diversify also buying in the stock market but of course you must explain extremely well all the risks to your parents and make sure they put money in some kind of emergency fund just in case.

Investing in crypto currencies can be a bit of a lot risky. Like look at last few days. As soon as SEC said something about crypto currencies and started to build a case against the exchanges, the price feel like almost 30% in few second. So yeah, it's risky, but it could also give you good returns, especially if you're thinking long term. Like you said, maybe suggesting your dad to put half of his retirement money on bitcoin is a good idea, but it must be for very long term and he should only risk his retirement money if he can afford to lose it!

OP has to do all of that because investing in bitcoin is very risky if you don't have good knowledge and moreover you have to have strong patience in doing it, that's his father's retirement money, maybe there is a plan or want to buy something that already exists. He had been planning for a long time what to talk about and asked what his father wanted to do with his pension.
and my advice OP should ask for his rights if he has them, because father's pension is definitely for his family, especially his children. And if you have the rights, there's nothing wrong with asking for them while being careful if you have the rights then you will use them to invest in bitcoin.
and with this you can explain very clearly and what your motivation is to invest in bitcoin and also explain the risks that will be faced, and with this I hope that your father is willing to invest part of his retirement money into bitcoin.
and investing in the long term is the best choice, but you have to think about how your house will be in the long term, it is best if your retirement money is divided up including home repairs. And I also don't understand because OP's admission that he wants to build a house with retirement money, does OP not have a house or does he have a house but it's not in good condition, and my suggestion is to fix the house first. If that's true, and fix it as necessary so it doesn't get worse in the long run.
and all that so that all important needs are met and you can also invest in bitcoin in the long term, bitcoin is indeed a promising long-term investment, but you have to think carefully and don't have to sacrifice something important and invest with money you can afford to lose.

Here the first I assume you have a deep sense of responsibility and concern for your father's financial future. Making the right decisions, especially when it comes to investing, requires careful consideration and analysis. Allow me to offer some guidance and perspective on this matter.


At least you are aware of the current situation in your country regarding the high cost of building materials and the instability of some banks. Being aware of the economic climate is very important when evaluating potential investment opportunities. It's wise to prioritize the safety and security of your father's retirement fund, especially given his many years of service.


As we all know Bitcoin, as a form of cryptocurrency, has received significant attention in recent years due to its high potential returns. However, it is important to understand that investing in Bitcoin comes with inherent risks. The cryptocurrency market can be very volatile, with prices fluctuating rapidly. While it is true that some individuals profit from investing in Bitcoin, it is equally important to acknowledge the potential for substantial losses.

Given the special circumstances you have described, it may be wise to explore alternative investment options that provide a more stable and predictable return on investment and as a young individual the responsibility for managing your father's retirement fund should not rest solely on your shoulders. I think it's wiser to involve your dad in this decision-making process, as he has invaluable experience and insight into his own financial goals and aspirations meaning engaging in open and honest conversations with him will allow you to consider his point of view and work together. come to the right decision. Wishing you and your father all the best in this important decision-making process.

Exactly. Otherwise, he'd be gambling that money instead of investing.

That's what I want to ask OP because he speaks as if he is the one in custody of his dad's retirement money while he's not. OP can only take such a move if his Dad pays his whole retirement money into his account. Then he can start to move toward putting half of his father's stipend into Bitcoin. But in this situation, OP lacks access to his father's retirement funds, and his ambitions to invest in bitcoin will never materialize. How will he be able to justify investing half of his retirement funds in bitcoin without his consent, even if he does? Won't his father have a heart attack or be disappointed by that, seeing how his retirement money invested in bitcoin has depreciated in value.

---

Given that bitcoin is a safe haven investment for crypto investors. There are some steps investors don't have to do by taking a significant risk all at once, forgetting that the crypto market is volatile.

This could be a wise decision but it is very important for us to understand the level of risk op is trying or the family is trying to take since Bitcoin had been in the bear market for long now and we don't know the next step whether the market in shoot out to the moon or will want to have a taste of more bear before taking a shoot out.

This is a very risky decision and it will be unwise if the contrary happens and the retirement fund is not finally up to what they have invested in Bitcoin. The market can be crazy and desasterous if things do not work out the way it supposed to be creatinh unnecessary loses.

Your wishes and intentions are good, and I understood what you wanted to convey here in the forum. But it's better that you tell your father that and explain why you're doing it, just show and make him understand the reason and how complacent you are to do it that it's really not wasted.
But even so, of course it is still necessary if you are going to do that, we should still be in the "do it what you can afford to lose" and don't just hold it for 1 year, instead you should do it for 3-5 years, this is I'm just suggesting.

Actually your intentions are very good, but you also need to explain how bitcoin works to your father. Because your father has retired and maybe now only relies on monthly pensions and interest from deposits. Where is it actually uncomfortable for you, because of course the total is very limited and you are also afraid that the bank will go bankrupt. But your father's fear is that if you invest in bitcoin, you will lose, because it is not as certain as a deposit. (Fear of no monthly money)

Therefore, you should first consult with your father about how to use pension money, especially if you say it's only one year. Bitcoin is very volatile in one year it can be profitable or vice versa. Just a suggestion, even if later you get permission from your father to use his money to invest in bitcoin, it's better for you to use the DCA method, don't use all the available funds. This is used to minimize losses.

It's a good thing to provide flexibility for now. Older people especially have reached retirement age it is time for them to get a return for what they gave during their service in their youth and now it can be said that it is the harvest of what they planted before, it is not very ethical to put too much pressure on investing in bitcoin especially this has a fairly large level of risk.
Thinking about the future is good, but for old people in retirement, it's time for them to enjoy, not to start, even if it's not a problem for them to learn bitcoin, but that doesn't mean they have to get involved in it.

Using other people's money to invest in bitcoin is never considered a good intention. I think OP shouldn't just ask his father's opinion but let him decide everything because it's the only money he depends on for the rest of his life. Investing in bitcoin is a good way to increase your wealth, but it is not the only way, and not everyone is suitable to invest in bitcoin. If it's the only money and his dad has no other source of income, it's never a good idea to use that money to invest. For some people, retirement money is very important and can't be lost, so don't give advice when we're not in their position and don't know what they're thinking.

I agree with you because keeping your money as bitcoin is risky but cmon, what in the world today that doesn't involves risk? But the only part about your I don't like is the part where you were trying to say that the money invested should be kept for a year, although this year has not been bad for bitcoin but no one knows what can happen at the end of the year since we are still in some kind of short bull market.

And I think he decided to invest in Bitcoin for the long term, and it was the right decision rather than storing his money at the bank, and had to pay the cost of storage and pay inflation and or lost everything because the bank where he kept was bankrupt.
What underlies you suggests that the pension money is divided in two, without knowing the situation seriously. I think it's better to share 40 % for various needs 30% emergency funds, because usually if you have enough old age, the body is usually more susceptible to health, and the rest can be used to invest in a long term.

But I think if his father has more ability, it is better to open a business and the results can be tabung to invest in bitcoin.

I definitely agree, it will be okay if that money is just a spare but considering the fact that it is a retirement money, I think you guys should plan it well and definitely involve your father about the plans and every possible scenario, even the worse one, so that he will be informed about what could happen in the future if things go wrong and he will be not surprised if something happens. You guys should talk about the worse because the market is not giving any guarantees, and if after that you guys are still going to invest, then that's the time.

Have you ever invested before and if you have done it, what was the result? And how can you be so sure that you can get a good return in profits? The market is volatile and unpredictable. Given that fact that it's retirement money, the sum has to be big. Half of it will also be a big amount. As bitcoin is illegal here, moving that amount of money will always catch attention, and you might lose all of it in that process. One more thing, can you afford to lose what you are willing to invest? It's your father's money. Will he be okay if all the money you are willing to invest is gone? You can only make profits if the market is favorable, but as it is unpredictable, you can never be sure. What if your father decides to use that money and in that time the price is in red, and you can even sell it in loss. There are many things that you need to take into consideration before investing. Ask yourself all these question and then if you get the correct answers, you can go ahead and do it. Also, one last thing. Always start small and then climb the ladder to reach the top.

OP if you feel that you are only a boy then you should refrain from deciding on how to use at least the majority of the retirement fund of your dad whom he worked hard to earn for many years. Imagine putting half of his retirement fund and all of a sudden bitcoin drops to $20k? I mean, I am confident that bitcoin will return to its previous ATH next year or 2025 but prior to that there will be a lot of up and down movements and some of them are huge swings that would trigger your emotions and including your old dad if in case he knows that his hard-earned money just lost nearly half of its value in just a span of few months.

I do admire that OP has an open mind and wide mindset but at least you do not decide the majority of the funds. In your post, I thought you worried more about inflation but you weighed more on the banks going bankrupt. You're still a boy indeed although you might learn very quickly and I am hoping you are. Bank accounts are insured OP and you should research the maximum or the standard insurance per account in your country because it means your dad can open accounts from different banks below the maximum insured amount to protect from bank bankruptcies.

I believe you are from Bangladesh. The population is too high which means a piece of land in your country is too expensive just like my country. Try to present ideas to your dad in order to open his mind knowing he is more experienced than you. Maybe you can start a little farm.

In the end, just don't forget to tell your dad to diversify his funds. Maybe scatter some to different banks thru time deposits, a piece of land, or even more, and depending on you and your family's tolerance put some into bitcoin or you can also start a business to make your dad busy.

As a boy, you should try not to think about these kind of stuff because first and foremost, it is not for you to think about. Don't take it wrong, I understand that you're just trying to help your own family especially your dad because that money is a present for him from working 25 years straight in the military, now, instead of thinking hard what would be the best thing to do with it. Why not ask your father what he wanted as it is his retirement money in the first place? Aside from the house that he dreamt of course because we all know that it's just a liability especially if the land is not yours or the land is not situated in a place where its figure can go up to 2x to 5x in the next 5 to 10 years.

Your concerns primarily revolve around Bitcoin' volatility and the power of diversification. Indeed, decisions about retirement funds require a calculated strategy. You're correct about bank account insurance—its a crucial yet often overlooked financial safeguard. Understanding your jurisdiction' insurance cover is critical.

Yes, real estate is a tried-and-true investment. It requires active management and can be demanding, but it pays off in densely populated areas like Bangladesh. Diversification holds the magic key. A mix of various assets, including term deposits, property, and a modest dash of Bitcoin, forms a sound strategy. Launching a business, too, is a viable option as it offers a steady revenue flow.

Congrats man, you made a great decision!
Soon your dad will have enough money to build to houses!
Let's hope Bitcoin will go up as soon as possible for your father to see the results of investments.
He should be proud of you!

I appreciate your thoughts that you want the best in maintaining the financial condition that your father earned. Building a house is your father's dream to enjoy his retirement in a comfortable place, but this intention is constrained because he considers the increasing price of goods. Inflation that occurs will make the price of goods rise almost every year, maybe next year the price will be much higher than now.

Your good plan must be supported by all family members, your attitude of wanting to invest half of the retirement benefits your father gets must get permission from all family members so that you are not blamed when something happens to these assets. There are many things that need to be considered regarding the best decision to be taken, I mean when conditions allow to build a house but assets invested in Bitcoin are still stuck because the market is not supportive, new problems will arise in the future.

Sometimes one big decision such as this one can change someone's life due to the fact that the result will most likely be positive after the bitcoin halving next year. because if we somehow experience some kind of negative results that will gonna make the price decrease instead of increase, then surely the trust and the growth of the bitcoin market will also decrease dramatically as well. But as we know lots of investors are ready to ride the trend and they are just waiting for the right time to enter the market and make the bitcoin price rise up once again next year. If they can decide to make it quick to convert it to bitcoins right now, it would have been a good idea.

So true. But I hope OP can think more carefully in deciding to keep his father's pension. investing it in bitcoin sounds the best. But there is one condition that the OP has to think about, namely the high risk of investing in bitcoin. And I'm pretty sure that his father's pension is not money that can be given up if you have to suffer a loss. Because investing within 1 year in bitcoin I think is not long enough to get a good profit. But since we are heading for Hallving Bitcoin then maybe the upside expectation is quite good. And hopefully OP and his father are ready with the risks they face. And if Bitcoin starts an upward trend early then it will be very good for OP and his father. So they could have just by that time the value of their assets had increased rapidly and would be enough to build the dream house for his father.

If any newbie hears people talking about bitcoin, they will not only use their savings, retirement money, but they will sell their house, sell their property to invest in bitcoin thinking that they will make more money from investing in bitcoin. Why you always insist on the return that bitcoin can bring and ignore its risks? If you are sure that the halving will help bitcoin rise in price and give advice or paint a bright future for others. You should sell all you have and invest in bitcoin, you will soon become rich without having to work.

His retirement money is very important and cannot be lost so investing in bitcoin is not a wise choice. He has sacrificed his whole life to work, and now is the time to retire to old age, not the time to earn extra money. If OP wants to invest in bitcoin, you should make your own money rather than take your dad's money to invest.

As your father has been in army service for 25 years. Of course he is hardworking enough. After two months his employment will end, you must spend this pension money wisely. This is your father's life money so you will use this money with much awareness I think you should not invest the entire amount of Bitcoins. You will discuss this matter with your parents in detail and come to a decision. Because if you don't bring your father's opinion then if for some reason you suffer from this bitcoin then your father will not be very pleased with you. It is also true that your father has a dream to build a house with his pension money and that you don't want to do the housework because of the high cost of goods now. Still I'd say you don't invest the whole amount of bitcoins you can invest a third of the money.

The reason why some parents are afraid to invest is because its all their hard-earned money and they want those use as effective way so for their children or the family itself must sustain and fulfill their needs, you cant push them as always to invest in the things they don't know, not until you enlighten them about the things they need. Yes bitcoin can be really good investment but make sure they will agree with that and show to them first what are the possible outcome. The partial investment could be ideal but not as whole money for the bitcoin again the market is volatile so you need to check as always if you're still profitable.

Investing in Bitcoin can be a lucrative option for some people... but it is also a high risk investment, the value of Bitcoin is highly volatile and can fluctuate significantly in a short period of time. As a result, there is a real risk of losing some or all of the money invested. Since your parent's retirement pension is important to your future, it's crucial to consider safer and more stable options for investing or holding that money. And also to find out if this is if your father also agrees with what you are doing.

On the other hand, if your father agrees and considering that it is only half and it does not become such a high-risk investment and seeing as an annual investment, he could say that based on Bitcoin's predictions for the coming years and the behavior that Bitcoin has had this year, noting that According to the latest data collected, the current price of Bitcoin is $29,235.72 and BTC currently ranks number 1 in the entire cryptographic ecosystem, it would be a tentative investment option.
https://www.talkimg.com/images/2023/07/25/QtnAI.png
prediction table source: https://changelly.com/blog/bitcoin-price-prediction/

Analyzing the risks and not being scared when the price of BItcoin falls, it becomes a great investment, if the precision table is met it could be very beneficial for your father, even more so if you leave it not just for a year, but a few more

As your father has served in the army for a long time and is finally retiring. Your father is getting some pension money after thousands of hard work which is the last income of his life. And at this old age, your father will have many plans with his last life income especially aimed at brightening your future. and so you have to be aware that if you invest these hard earned money in Bitcoin, there may be risks. If you lose by investing in Bitcoin then it will be all over and your father's hard work will be lost. So you should first educate yourself about Bitcoin and then convince your father to invest. If your father is willing to invest following the volatility and various aspects of Bitcoin then you can invest. and if you invest in Bitcoin, you must hold it for a long time, only then can you make a profit.

I think if you do it this year then it is good decision. bitcoin as investment is good for your situation, because this investment is very liquid. but never put all eggs in one buckets. rather than divide it into 2 portions, it seems that you better to divide it into three portions. 33% for investment, 33% for daily necessities, 33% for saving. it is better to not to sell btc at wrong time so saving some fiat will be good. one more important thing is, this fund is for your father, not for you. so only do it if your father want it.

I'm not sure whether Op's choice to invest part of his father's pension into Bitcoin is the right choice, but if I were him then I would not touch or even give advice to my parents to invest in Bitcoin just because they want to have a house in the future, they would prefer to invest with their own money, and when the value of the Bitcoin invested is enough to buy or build a house then they will sell the BTC, I mean it could be that the pension is the only income for the family and if the pension is not enough to build a house and banking system in the country he lives in bad enough that Op lives in a country from the 3rd world where earning income is not easy, so investing when the necessities of life cannot be met properly is very likely he will sell his investment assets at a loss because of an urgent need, so always use money that is not for important things to invest and must also be money that we can afford to lose. Being able to get a better life in the future is everyone's wish, but if you choose the wrong investment, it will make your life more difficult.

indeed investing in btc is something risky, but there are times when we have to be willing to make sacrifices to make the future brighter, and hopefully the op will benefit from his investment. yes, I also hope that the price of btc will quickly increase. and i want to see btc price in bull market more than $70k.

If he bought at the time he posted this, for sure they are on profit right now and will wait until after halving or when it reaches its ATH, but the problem is that they are mostly really investing for a house and they somewhat don't know the risk on it. Most of us don't really plan out our profits, like, for example, we hold bitcoin and we just sell it off, and that is the time we will plan what we will do with our profit. They are treating investment as a salary, which is sure that they will get their salary by the end of the month, which is why they are planning it out now, which we know in investing it doesn't work like that.

but this is not your money so who are you to decide? and also does your father really understand crypto? because this is His money and if there is someone who must be making it to invest is Him.
at least you don't wanna be blame once market turns other ways.

Though If this is my money and being in your father shoe? I will definitely invest in Bitcoin not only half of it but instead majority of the funds, because we are now heading to Halving season and the possibility of Bull coming next year is indeed to be happen.

If your dad agrees with it I mean it wasn't that but investing in cryptocurrency or Bitcoin, is still a very risky investment if you ask me but it wasn't that bad you could probably earn a good amount of profit if you know what you're doing and you have the knowledge about it, just make sure that you know cryptocurrency not just investing on it because you know some people who get luck investing on it. I mean if you ask me investing a small percentage of your money in cryptocurrency is already great, if you have another source of income that could help sustain you depends on how you're going to budget just invest a small percentage and it's enough already. If you're going to buy right at the moment I mean it is still early so I think there is a lot of room to make a profit in the bull run so do it. At the same time investing in other investment that is safer than cryptocurrency something like passive income might be good, slowly you could earn a good amount to start your dream house for sure.

so its already July , have you decided what to advise your father mate? you have a good intention and as a cryptonians or Bitcoiner then you are doing whats best specially that this is a retirement money and your father will lose resources after retirement so investments in crypto will surely brings Him generous retiurn in the future.
hope that he agreed if you already told him about your plans.
and also , explain this completely to him before agreeing because it is His money and the losers once the market goes sideways.
looking forward for the long term reflections of this awesome plan, and maybe others will act accordingly as this is one of the best favor you will give to your retired parent.

This is something I agree with. Making a decision for the sake of other people's money is not a good idea. You can make suggestions on what he should do with his money, but the final decision must be made by him. If something goes wrong with the money, at least you're not to blame and your conscience is clear, even if he won't blame you. However, I hope he chooses to invest in Bitcoin since I believe it will burst at the right time with very little risk if you buy now.

I think you're not wrong in trying to make more money for your Dad, but the thing is you should risk investing your Dad's money without his decision, first he needs to be aware of your decision and also know the risk one benefits of investing in cryptocurrencies before he gives his decision to make such investment, the volatility of bitcoin makes it difficult for it's price to be predictable so if your idea of investing in it is for a short term goal, then you should take such risk to avoid regretting, in a case where you're thinking of a long term investment and your Dad would be willing to wait for a long time before using his money then it's a good idea to buy and hold bitcoin currently and wait for the next bull run by 2024, I hope you're aware of the next bitcoin halving so now it the actual time to buy and hodl btc and prepare for the next halving where you can get ×10 of your dad's pension and sell when the price of bitcoin goes high.
 Or if you're scared of taking the risk of investing your Dad's money in btc due to it volatility, there are other commodities you could invest on, like Gold, though the price doesn't appreciate very high like btc, but it's price doesn't depreciate and it appreciate gradually over time.

If you want the best for your father, you really want to take care or give the best to your parents, why not invest your own money and give them those profits? You are investing other people's money, which means you are doing it for yourself, not for them because of the risk they will bear, not you. I don't know how old the OP is and can make money, but the idea of investing with other people's money is a bad idea, let alone whether the money matters to them or not. If you can't make money yet, you are not qualified to teach anyone how to make money. Do not use the excuse of wanting to be good for your father, but use their money for their own purposes.

I suggest you first, first you should give your father all the idea about Bitcoin. Teach your dad that investing in bitcoins is not only profitable, it has the potential to lose. If your father is interested in investing in Bitcoin after getting all the ideas about Bitcoin, then you will invest in Bitcoin. If your father doesn't want to invest in Bitcoin, don't force him to invest. You said your father has many dreams so as a son it is your responsibility to fulfill your father's dreams. So you will work with your father's pension money as your father wants. Your father brought you up very hard. So you will take care of your father in his last years.

I totally agree with you on this very statement of yours about it not been a good idea about investing with other peoples money, not especially to mention a retirement benefit of an old man who ought to have start enjoying the fruit of his labour, living a good life, eating whatever he wants to and enjoying his last days, as in this mortar world nobody lives forever. However, it's left for his father to decide, as I'm sure he should be retired by now since O.P said he had just only 2 months.