Dad's retirement money is invested in Bitcoin!

[bussybuddy]

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.

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[Cryptomultiplier]

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.

[Inwestour]

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.

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.

[mvdheuvel1983]

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.

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.

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.

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.

[livingfree]

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.

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.

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.

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.

[Wapfika]

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'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.

[acroman08]

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?  

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.

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 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.

[Marvell1]

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.

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.

[krishnaverma]

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.

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.

[awik p]

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.

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.

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

[Fesatmas]

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.

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.

[SamReomo]

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.

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.

[aylabadia05]

[snip]
Hope I get proper advice from you.

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.

[bayudndy]

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.

[Zanab247]

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?

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 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.

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.

[uneng]

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

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.

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.

[Slow death]

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

[zanezane]

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.

[Raflesia]

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.

[radjie]

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.

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.

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