Dad's retirement money is invested in Bitcoin!

[flyingcarpet]

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.

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.

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[AnonBitCoiner]

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.

[Victorik]

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.

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.

[Japinat]

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.

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.

[Onyeeze]

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.

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

[Dr.Bitcoin_Strange]

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.

[KFC786]

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?
 

[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.

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.

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.

[milewilda]

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.

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.

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.

[CryptSafe]

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.

[pawel7777]

I think OP is trying to talk about his dads gratuity money which would be given to him after his final day of service.

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.

[Viscore]

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.

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.

[serjent05]

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.

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 OP is trying to talk about his dads gratuity money which would be given to him after his final day of service.

I think not see his line:

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 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.

[Sanitough]

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.

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.

[Woodie]

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!

[G_Besar]

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?

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.

[ChiBitCTy]

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.

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.

[Luzin]

,  but if this is the only money sitting around  better not make a huge investment!

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.

[ultrloa]

,  but if this is the only money sitting around  better not make a huge investment!

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.

[qwertyup23]

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.