I gave investment advice to my grandfather.

[lizarder]

My grandfather has some wealth. Now my grandfather will invest all his wealth in Bitcoin. I told my grandfather not to invest all your wealth in Bitcoin. I suggested to my grandfather that Bitcoin not only has the potential for profit, but also the potential for loss. So you invest some wealth in Bitcoin. You don't have to sit on the street if your investment suffers.

My only question to all, was I able to give my grandfather the right advice??

I agree in terms of giving advice on investing in bitcoins for him, your grandpa's age should be enjoying his wealth more and taking a regular approach to investing in bitcoins rather than investing his entire fortune in a big way. Let's say he will be successful in his investment, my question is are you given full access to his bitcoin assets. If not, how will he run and manage it?

1. If yes, please give one good reason why he gave full access to you.
2. If not, what does he expect from investing in bitcoin, isn't it that the age of people who have grown old don't master technology and will have quite a hard time adapting to this.

If there is no more specific answer, then I'm afraid your grandfather will have a bad old age for the investment advice he made, not because bitcoin gave him losses but because he was unable to enjoy the returns from the investments he made.

[1715171195]

1715171195

[Mr.corol]

I shared my grandfather's investment story with everyone. Many people are happy to hear about my grandfather's bitcoin investment. Want to invest in Bitcoin even in old age. Many people also say that your grandfather is too old so it is better not to invest now. Actually there is no benefit in keeping wealth at home. It is better to put resources to some use. My grandfather is interested in investing in terms of profit and loss. I advised my grandfather to invest some assets. Everyone will pray for my grandfather that he may live long.


Many thanks to all brothers from my side. What advice should I give my grandfather? Many said the advice was good. Some brothers say that it is better not to invest in old age. My grandfather wants to invest in Bitcoin. So I will invest him some wealth in bitcoins.

[Rigon]

My grandfather has some wealth. Now my grandfather will invest all his wealth in Bitcoin. I told my grandfather not to invest all your wealth in Bitcoin. I suggested to my grandfather that Bitcoin not only has the potential for profit, but also the potential for loss. So you invest some wealth in Bitcoin. You don't have to sit on the street if your investment suffers.

My only question to all, was I able to give my grandfather the right advice??

I think the decision you have given is correct. But did your grandfather have prior experience with Bitcoin or did he develop interest in investing in Bitcoin after hearing from you? My advice is to keep your grandfather's wealth. If you have wealth, holding onto that wealth is the greatest investment. I can't find a greater investment than wealth. Investing in Bitcoin, though profitable, is also the most risky. If your grandfather lost in investments then your grandfather may die in old age due to losses. I think it is better not to sell any of your grandfather's assets.

[Reatim]

if you are in good faith for this advise then I see no reason why  you will need to ask these questions .


what I was thinking is that "Are you an Investor your own"? if not then this maybe a mistake because if ever this ends wrong then only your Grandfather is the loser here. and that will make you feel the guilt .

[Iranus]

I shared my grandfather's investment story with everyone. Many people are happy to hear about my grandfather's bitcoin investment. Want to invest in Bitcoin even in old age. Many people also say that your grandfather is too old so it is better not to invest now. Actually there is no benefit in keeping wealth at home. It is better to put resources to some use. My grandfather is interested in investing in terms of profit and loss. I advised my grandfather to invest some assets. Everyone will pray for my grandfather that he may live long.


Many thanks to all brothers from my side. What advice should I give my grandfather? Many said the advice was good. Some brothers say that it is better not to invest in old age. My grandfather wants to invest in Bitcoin. So I will invest him some wealth in bitcoins.

According to me, your grandfather is old and has reached the age of rest and does not have to do anything or invest more. But if your grandpa still decides to invest, then we should respect his decision, I believe your grandpa knows what he's doing with his money. Your job is to stay by his side and explain and pass on all the bitcoin knowledge you know to him. So that he is clearly aware of the risks and benefits of investing in bitcoin. I fully support your bitcoin recommendation and your grandfather's bold decision.

[xSkylarx]

if you are in good faith for this advise then I see no reason why  you will need to ask these questions .


what I was thinking is that "Are you an Investor your own"? if not then this maybe a mistake because if ever this ends wrong then only your Grandfather is the loser here. and that will make you feel the guilt .

I don't see any reason why you should give advice to someone if you haven't experienced it or known it. You can't give advice if you are not an investor yourself because you don't know how it works. Once you tell the person, for sure, he will ask you more questions about it.
 
For sure, his grandfather will get curious about it and spend some money on it to try it. I just hope that he will not go all in on it as it is very risky and he is already old.

[bitzizzix]

If your grandfather is very rich, I suggest that your grandfather make an eternal investment, even though your grandfather has passed away, and the merits will continue to flow to him.
I mean, because a grandfather must be very old and also over 60 years old. It's better to invest to build a place of worship or create an orphanage or other things that can benefit many people and also for your grandfather during life and also after death, I think it's much better to use the remaining wealth to invest for the hereafter, which can generate goodness and become a field of eternal reward.
By the way, I admire your grandfather for having the ambition or passion to invest in bitcoin which I think is rare for a grandfather to be interested in bitcoin and even know about it, and as I mentioned above and it was the best choice. And your grandpa can also invest in bitcoins as part of his wealth if that's what he wants and you stay by his side to help him and advise him in the long term so your grandpa doesn't think too much about or care about the volatility that there is because it can mess with his mind especially psychologically which will fatal considering your grandfather is old and prone to thoughts that make your grandfather sick.

[borovichok]

I don't see any reason why you should give advice to someone if you haven't experienced it or known it. You can't give advice if you are not an investor yourself because you don't know how it works. Once you tell the person, for sure, he will ask you more questions about it.
 
For sure, his grandfather will get curious about it and spend some money on it to try it. I just hope that he will not go all in on it as it is very risky and he is already old.

Who told you that old people don't invest, it's a good plan to get the old people to make investment only if the resources are at their disposal. Investing in bitcoin is such a great idea with regards to the purpose of the status of the individual in question. He made clear that his grandfather was wealthy, so I think losing wouldn't hurt that bad, after all it's his grandchild that's putting everything together inother to make profits. In as much the grandfather is old, we shouldn't forget about the high volatility of the market which easily sinked down all capital invested specifically when the bear season comes.

[crwth]

If one knows how to invest, the risk is always involved, and you can lose what you have invested in a particular asset. In this case, Bitcoin, since it's a volatile asset, it's a good warning sign for him.

I don't know why you are saying that you would sit on the street and make sure you invest the amount you are comfortable with losing. It's good that you recognized his "investing all of his wealth"; you should still know that it's up to him.

[lienfaye]

My grandfather has some wealth. Now my grandfather will invest all his wealth in Bitcoin. I told my grandfather not to invest all your wealth in Bitcoin. I suggested to my grandfather that Bitcoin not only has the potential for profit, but also the potential for loss. So you invest some wealth in Bitcoin. You don't have to sit on the street if your investment suffers.

My only question to all, was I able to give my grandfather the right advice??

Yes because it's not wise to put all your eggs in one basket. As I've said before, regardless how good the investment and profitable it seems, still, it is not wise to go all in since we don't know what lies ahead that can affect our investment negatively. The reason why diversifying is better to minimize the risk of losing all your money in just one investment that you thought can give you huge gains.

Anyway, how knowledgeable your grandfather about Bitcoin and who introduced it to him? Because he seems confident that Bitcoin has a good future (certainly we're all hoping for that). But we don't have crystal ball to see what's going to happen as time goes by.

[dothebeats]

If your grandfather built his wealth from the ground up, I think he knows full well that investing everything in one single asset is a no go. It's good that you try and educate him as much as you can while he's still around, and while bitcoin might be a good investment it still isn't enough to put all of what you have into it just because it's trusted well enough by a lot of people.

Oftentimes, the old generation teaches us things that we did not know. This time it's different, but it's okay.

[NicNacCoin]

I shared my grandfather's investment story with everyone. Many people are happy to hear about my grandfather's bitcoin investment. Want to invest in Bitcoin even in old age. Many people also say that your grandfather is too old so it is better not to invest now. Actually there is no benefit in keeping wealth at home. It is better to put resources to some use. My grandfather is interested in investing in terms of profit and loss. I advised my grandfather to invest some assets. Everyone will pray for my grandfather that he may live long.


Many thanks to all brothers from my side. What advice should I give my grandfather? Many said the advice was good. Some brothers say that it is better not to invest in old age. My grandfather wants to invest in Bitcoin. So I will invest him some wealth in bitcoins.

First I read all your stories and I realized that you explained your grandfather about investing. Maybe your grandfather expressed interest in investing in your words. But if your grandfather expresses interest to invest accepting profit and loss then you can invest. Since investment involves taking your own risk, you can invest as your grandfather has agreed to take the risk. But quite a while back was a more suitable time to invest. There is still a good time to invest. You can sell your grandfather's property and invest some money in Bitcoin. But of course I advise you to keep your wallet very safe after investing.

[GigaBit]

My grandfather has some wealth. Now my grandfather will invest all his wealth in Bitcoin. I told my grandfather not to invest all your wealth in Bitcoin. I suggested to my grandfather that Bitcoin not only has the potential for profit, but also the potential for loss. So you invest some wealth in Bitcoin. You don't have to sit on the street if your investment suffers.

My only question to all, was I able to give my grandfather the right advice??

You have given a reliable advice to your grandfather. Actually there are lots of investors deserve investing in Bitcoin as a money making scheme. But is it really so? Those who have invested in Bitcoin are well aware of its situation. In this platform there will have various suggestions for investment. But I would like to mention two things, first of all, invest in Bitcoin with the money which is not need to lead your daily life, and lastly, invest in Bitcoin only for the long term. I think those who invest based on these two words will succeed. Many of us invest but need to sell those bitcoins at a loss to cash out. Those who have such situation should not invest in Bitcoin.

[summonerrk]

My grandfather has some wealth. Now my grandfather will invest all his wealth in Bitcoin. I told my grandfather not to invest all your wealth in Bitcoin. I suggested to my grandfather that Bitcoin not only has the potential for profit, but also the potential for loss. So you invest some wealth in Bitcoin. You don't have to sit on the street if your investment suffers.

My only question to all, was I able to give my grandfather the right advice??

Now the most important thing is that you ensure maximum security on his computer. Because I am sure that there is an impressive amount, which means that we need: a powerful antivirus, a flash drive for storing passwords, a licensed verified version of programs and applications.

[kotajikikox]

My grandfather has some wealth. Now my grandfather will invest all his wealth in Bitcoin. I told my grandfather not to invest all your wealth in Bitcoin. I suggested to my grandfather that Bitcoin not only has the potential for profit, but also the potential for loss. So you invest some wealth in Bitcoin. You don't have to sit on the street if your investment suffers.

My only question to all, was I able to give my grandfather the right advice??

You have given him a best advise of His entire life and maybe what are those funds he has are from His retirement benefits?
then that is better to be put in bitcoin as he needs to support his living for longer time .
and also what we need to be ready is to control Himself from losing his beliefs as it will take years before tasting the fruit of his investments.
and also try to lure Him from ranking altcoins like ethereum and binance for same long term holding .

[siedemtrzy]

My grandfather has some wealth. Now my grandfather will invest all his wealth in Bitcoin. I told my grandfather not to invest all your wealth in Bitcoin. I suggested to my grandfather that Bitcoin not only has the potential for profit, but also the potential for loss. So you invest some wealth in Bitcoin. You don't have to sit on the street if your investment suffers.

My only question to all, was I able to give my grandfather the right advice??

Now the most important thing is that you ensure maximum security on his computer. Because I am sure that there is an impressive amount, which means that we need: a powerful antivirus, a flash drive for storing passwords, a licensed verified version of programs and applications.

That's all is good, but the best thing he can do for his grandfather is to teach him how to detect scammers. It doesn't care if you have the best security if you are just sending your data or money to scammers.

[LDL]

My only question to all, was I able to give my grandfather the right advice??

Tension!
Tension!!
Tension!!!
It is not possible to say what the bitcoin market will look like in the coming days. If the market goes well and the bitcoin invested by your grandfather bring profit to your grandfather then it will be a reason to be happy for your grandfather. And if your grandpa's investment in bitcoin you advised him to make is a loss instead of a profit, it is doubtful whether your grandpa will be able to overcome the grief of the loss. If your grandpa dies due to over-tension then you will be the number one culprit and your grandpa will remain at risk of death for your advice.

[kelechi]

That's right. Golden rule is to invest in different thing and never put all on one coin

[CryptocurencyKing]

My grandfather has some wealth. Now my grandfather will invest all his wealth in Bitcoin. I told my grandfather not to invest all your wealth in Bitcoin. I suggested to my grandfather that Bitcoin not only has the potential for profit, but also the potential for loss. So you invest some wealth in Bitcoin. You don't have to sit on the street if your investment suffers.

My only question to all, was I able to give my grandfather the right advice??

I agree in terms of giving advice on investing in bitcoins for him, your grandpa's age should be enjoying his wealth more and taking a regular approach to investing in bitcoins rather than investing his entire fortune in a big way. Let's say he will be successful in his investment, my question is are you given full access to his bitcoin assets. If not, how will he run and manage it?

My thoughts as well. Felt the old man would be about enjoying what he has amassed to himself in course of his lifetime but, it seems his going to have his heart beating to the volatile nature of the bitcoin market. Perhaps the doctors needs to be kept on alert to nurse him back to health from HBP when it comes kicking.

Maybe his grandpa isn't that old as I like to start but again, it's a useful advice which I felt for someone that has acquired wealth to have already known. That his got to diversify other than having all his amassed wealth in a basket.

[Charmekkd]

investing in bitcoin there are losses and there are profits, so we have to invest with idle money and with a note that we must also be prepared to lose this money.

so your advice to your grandfather is very, very good. And when buying, don't forget to use the DCA system, with the aim of getting different prices.