Dad's retirement money is invested in Bitcoin!

[crunck]

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?

[1714753243]

1714753243

[bayu7adi]

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.

[kro55]

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.

[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.

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

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.

[Latviand]

~

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.

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.

~

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.

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.

Because these financial advisors are most of the time salesman and they might suggest the investment products they're selling to him.

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.

[posi]

,  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.

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.

[Nheer]

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.

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.

[lienfaye]

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?

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.

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.  

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.

[wahyuagung26]

Hope I get proper advice from you.

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.

[crwth]

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.

[justdimin]

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.

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.

[shivansps]

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

[Minecache]

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?

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.

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 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.  

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.

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.

[xSkylarx]

,  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.

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.

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.

[Cling18]

,  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.

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.

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.

[kaseygriffin]

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.

[superman184]

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?

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.

[Bitstar_coin]

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.

[Bushdark]

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?

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.

[Finestream]

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.

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.