Dad's retirement money is invested in Bitcoin!

[Fuso.hp]

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.

[1714104597]

1714104597

[1714104597]

1714104597

[Upgrade00]

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.  

• 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.

[so98nn]

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.

[coupable]

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.

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.

[Z390]

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.

[avikz]

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.

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.

[BIT-BENDER]

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.

[Hamza2424]

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.

[Obari]

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.

[salad daging]

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.

[drwhobox]

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.

[southerngentuk]

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.

[Lanatsa]

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.

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.

[btc_angela]

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.

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.

[Ahli38]

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).

[The Cryptovator]

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.

[Ryu_Ar1]

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.

[sunsilk]

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.

[Ndabagi01]

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?

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.

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.

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.

[Z-tight]

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?

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.

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.  

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.

but make sure you explain to he how volatile the market is and the option of USDT for more stability

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.