Dad's retirement money is invested in Bitcoin!

[Gallar]

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.

Investing your father's retirement money in bitcoin is indeed a very good decision. Especially in the current year, I think it will be very profitable, because if you buy bitcoin in the current year, the profit is likely to be bigger and a little faster. Because bitcoin will soon experience a halving, which is predicted early or late next year. So if you start investing in bitcoin in the current year it is indeed very appropriate. But still, you have to consult carefully with your parents, especially your father. So don't force your opinion on your father, even though investing in bitcoin has great potential. So in conclusion, suggest this bitcoin investment to your father, explain in detail, because most parents tend to have difficulty understanding digital things such as crypto/bitcoin assets. If, for example, your father already understands and agrees with investing in bitcoin, then you can start right away. But if your father doesn't agree, it's better not to force it.

[Texac]

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.

Investing your father's retirement money in bitcoin is indeed a very good decision. Especially in the current year, I think it will be very profitable, because if you buy bitcoin in the current year, the profit is likely to be bigger and a little faster. Because bitcoin will soon experience a halving, which is predicted early or late next year. So if you start investing in bitcoin in the current year it is indeed very appropriate. But still, you have to consult carefully with your parents, especially your father. So don't force your opinion on your father, even though investing in bitcoin has great potential. So in conclusion, suggest this bitcoin investment to your father, explain in detail, because most parents tend to have difficulty understanding digital things such as crypto/bitcoin assets. If, for example, your father already understands and agrees with investing in bitcoin, then you can start right away. But if your father doesn't agree, it's better not to force it.

Why do you think investing in bitcoin with a retirement fund is good?  meanwhile, we don't know if that money is important and is an amount that cannot be lost to their family.  if their entire family relies on that retirement money alone, it's a bad idea to use it to invest in bitcoin. One more thing, we don't have any proof to prove that bitcoin will definitely increase and make us profit.  it's all just predictions based on the past, nothing more, nothing less.

[Mauser]

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 sweet of you that you want to managed all the money for your dad. Not building a house right now seems like a good idea, in my country as well the building materials are so expensive that it's better to wait. We had 1.5 years of high inflation where every construction company increases prices by at least 30%, it could be the peak right now as prices are expected to slowly fall again. On top of that are we seeing a big increase in financing cost which is going to make any real estate deal more expensive down the road. Your fathers retirement allowance is a monthly payout or a big one time lump sum? If it's monthly payouts and he doesn't need all the money now, then it definitely makes sense to invest that money. Going into bitcoin is a good investment and if you manage everything for him that it shouldn't be any security concern. In case his retirement money is big one time payment that I would advice to split his money into smaller parts. Investing 50% into bitcoins also involves some risks and in case your dad needs the money short term it could be a problem. Being forced into selling at unfavourable prices can lead to big losses.

[2Pizza410000BTC]

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.

Let's see if your father is retired and has some wealth in his late age which he can spend carelessly later in life. You will invest your father's reinvestment money carefully so that your father does not face difficulties in his livelihood later on.
Since your father is old, paper money is worth more than bitcoin in his old age. Not to mention whether your father's retirement money should be invested in your Bitcoin in this situation. You should secure your father's future and then invest.

[GigaBit]

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.

Investing your father's retirement money in bitcoin is indeed a very good decision. Especially in the current year, I think it will be very profitable, because if you buy bitcoin in the current year, the profit is likely to be bigger and a little faster. Because bitcoin will soon experience a halving, which is predicted early or late next year. So if you start investing in bitcoin in the current year it is indeed very appropriate. But still, you have to consult carefully with your parents, especially your father. So don't force your opinion on your father, even though investing in bitcoin has great potential. So in conclusion, suggest this bitcoin investment to your father, explain in detail, because most parents tend to have difficulty understanding digital things such as crypto/bitcoin assets. If, for example, your father already understands and agrees with investing in bitcoin, then you can start right away. But if your father doesn't agree, it's better not to force it.

Why do you think investing in bitcoin with a retirement fund is good?  meanwhile, we don't know if that money is important and is an amount that cannot be lost to their family.  if their entire family relies on that retirement money alone, it's a bad idea to use it to invest in bitcoin. One more thing, we don't have any proof to prove that bitcoin will definitely increase and make us profit.  it's all just predictions based on the past, nothing more, nothing less.

In this case I think more than 20 percent should not invest. Because people well aware about Bitcoin but they cannot hold it various reasons. There is nothing to do if the wallet is hacked or something else. Moreover, retirement money of a person in one sense is considered the last earning money of any person by which he will survive till death. If that money is invested and lost then no one will suffer like him. When a young man loses money he can recover it by hard work but a retirement person cannot recover it if he loses his money. In this case I think he can invest some money in Bitcoin which he won't have any big problem if he loses.

[siniminomorocomunisakito]

Investing half of the retirement fund in bitcoin is a great idea, but I feel that it shouldn't be a decision you make alone, get your father involved and see what he thinks, since the money belongs to your father, make sure he is in agreement with your decision to invest part  of the money in bitcoin.
This is because bitcoin is very unstable in price, and there is no guarantee anywhere that by one year, you should already have a profit on your bitcoin investment, so just get your father involved in the decision making, so that if by the end of the year, your investment have yielded any or much profit, you both can decide whether to leave the investment running for longer or cash it out as it is.

Of course, involving our parents in the decision-making process is very important when it comes to investing their retirement money in Bitcoin. Since it is his hard earned money, at least respect his ownership and involve him in the discussion as Bitcoin is known for its price volatility, and there is no guarantee of an immediate profit within a year. But the first step I think here is seen as important to prioritize open communication and ensure that both parties agree before proceeding with any investment decision.

[Nothingtodo]

Don't put your all dad's money in Bitcoin. bitcoin market now very appropriate for investment. So investment but not full amount of your dad's retirement money.

[hannahB4]

Firstly, is good you're looking out for your Dad as a good child but this is about him. Before retiring he has what he planned to do and you coming to introduce bitcoin to him might be too risky. A year that you're looking at may be a small time in holding the coin, you might need to hold for three to four years before you experience a great level of profit you would be proud of, there are many businesses he can invest in if you do proper research that can yield a profit level within a year and later from the business you can invest some percentage after realizing a profit.

[nimogsm]

the idea as a whole is not bad, but it is worth starting with one important point. First of all, your father must understand how bitcoin works, all its advantages and disadvantages, what the consequences can be when investing a large sum, and so on, it is important to transfer your knowledge to him so that you speak the same language with him. After that, it is possible to conduct an experiment and buy for a small amount so that the mechanism is fully understood, and then make a decision at the family council.

[summonerrk]

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 do not advise you to do this. You risk taking on extremely dangerous obligations. You need to risk only the money, the loss of which will not affect your family's well-being in any way. Which will not affect in any way also your ability to eat as you are used to, to pay for an apartment. Or buy clothes that you used to buy.

I am not a saint and I will say that I took a loan to buy cryptocurrency and now I think that I took a big risk. Although I was lucky then. I bought a cheap bitcoin. It is better to try to save extra money and invest after three or four months. To do this, you can find additional work, as I did. I have 3 part-time jobs, including full-time work. And I'm happy because I don't need money.

[GideonGono]

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 of if you would invest his money shouldn't you tell him about it first?
It is his retirement money so he should be aware of it even if you have access to his money.
Investing it in Bitcoin isn't bad thing but at least let your father know and decide about it.
This should be discussed and decided with your family not with strangers or forum members.

[Mahanton]

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.

Investing your father's retirement money in bitcoin is indeed a very good decision. Especially in the current year, I think it will be very profitable, because if you buy bitcoin in the current year, the profit is likely to be bigger and a little faster. Because bitcoin will soon experience a halving, which is predicted early or late next year. So if you start investing in bitcoin in the current year it is indeed very appropriate. But still, you have to consult carefully with your parents, especially your father. So don't force your opinion on your father, even though investing in bitcoin has great potential. So in conclusion, suggest this bitcoin investment to your father, explain in detail, because most parents tend to have difficulty understanding digital things such as crypto/bitcoin assets. If, for example, your father already understands and agrees with investing in bitcoin, then you can start right away. But if your father doesn't agree, it's better not to force it.

Why do you think investing in bitcoin with a retirement fund is good?  meanwhile, we don't know if that money is important and is an amount that cannot be lost to their family.  if their entire family relies on that retirement money alone, it's a bad idea to use it to invest in bitcoin. One more thing, we don't have any proof to prove that bitcoin will definitely increase and make us profit.  it's all just predictions based on the past, nothing more, nothing less.

In this case I think more than 20 percent should not invest. Because people well aware about Bitcoin but they cannot hold it various reasons. There is nothing to do if the wallet is hacked or something else. Moreover, retirement money of a person in one sense is considered the last earning money of any person by which he will survive till death. If that money is invested and lost then no one will suffer like him. When a young man loses money he can recover it by hard work but a retirement person cannot recover it if he loses his money. In this case I think he can invest some money in Bitcoin which he won't have any big problem if he loses.

15-20% is considerable but going beyond those numbers are already risky considering that we are talking about retirement money on here on which it should really be that sensibly well spent on things that should really be need to be prioritized first. We know that even how crypto space had flourished or succeed but still its not something that would really be giving out guarantees that it would really be successful in the future,
which means that if you do heavily invest or having that all in kind of approach then you are really that putting your money at huge risks. This is why risk management is really that crucial on these kind of times on which it is really just that right that you should really be that mindful about risk and dont be like a gambler when you are really approaching with investment, its not really that the same.

Explain it into your father and tell him about the basics and he might really be able to reconsider but if he chose or oppose such explanation then its better not to pursue and force him off.
Old geezers would really be tending to stick on to those traditional things.

[Fullcoinese]

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 of if you would invest his money shouldn't you tell him about it first?
It is his retirement money so he should be aware of it even if you have access to his money.
Investing it in Bitcoin isn't bad thing but at least let your father know and decide about it.
This should be discussed and decided with your family not with strangers or forum members.

Yes, it's true that the step that should be taken is to discuss it first with his father as the owner of the pension.
Even someone who has retired certainly has a desire or purpose for what his retirement money will be. even though it was his father's money, but the full right to what the pension money is is his father's right and he must agree.
and one more thing, I hope the OP pays attention to how the regulation of Bitcoin in his place of residence is it considered legal or in fact it is even considered illegal and unlawful.
don't let his good intentions to invest in Bitcoin actually bring legal problems to his father and family.

[Ricardo11]

Investing in Bitcoin with dad's retirement money isn't bad. At the end of any government service period, the government gives us some amount of pension during retirement. By using this pension money we can invest in different places and earn money. We can invest in Bitcoin. But for this you need your father's permission first. You explain Bitcoin to your father and tell him about the potential of Bitcoin. Sit down with all your family members and talk about investing in Bitcoin with your father retirement money and talk about the potential of Bitcoin. Then if your father is happy with it and comfortably allows it, you can invest in Bitcoin.

[BALIK]

Investing in Bitcoin with dad's retirement money isn't bad. At the end of any government service period, the government gives us some amount of pension during retirement. By using this pension money we can invest in different places and earn money. We can invest in Bitcoin. But for this you need your father's permission first. You explain Bitcoin to your father and tell him about the potential of Bitcoin. Sit down with all your family members and talk about investing in Bitcoin with your father retirement money and talk about the potential of Bitcoin. Then if your father is happy with it and comfortably allows it, you can invest in Bitcoin.

Are you deliberately lying to your father and family? I mean, I just see you focus on talking about the positives and the potential of bitcoin, and you ignore the potential risks it can bring. Don't forget, the higher the return, the higher the risk and bitcoin is one of them. Instead of just wanting to take your dad's retirement money to invest by just talking about the potential and ignoring the risk, you should be more honest and need to emphasize the risk to everyone. Retirement money is very important for retired people as they will rely on it for the rest of their lives. Have you thought about how your dad would live if that money disappeared? Can you afford to feed him?

[Kong Hey Pakboy]

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.

Investing your father's retirement pension on bitcoin is not a bad idea. But remember you should only invest the money that you only afford to lose because even bitcoin will give you a higher return there will be a much bigger risk. We all know that bitcoin has a huge potential. But if you are in need of money, investing your father's retirement money is not a good option because your father will not be happy if the price of it will go down to 50%. So try to figure this out with your father on what you should do on investing his money on bitcoin.

[eightdots]

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 of all, don't invest your money in one bank if you are afraid of banks going bankrupt and losing your money. Deposit your money in several banks and keep it that way. I can say this about buying Bitcoin and waiting. If you have enough time to wait in the long term and enough money in the process, you can invest. Bitcoin has never lost in the long run. Still, the decision should be yours. You should know the risks and act accordingly in the market. Just as banks are likely to fail, so are stock markets. That's why you should learn ways to protect your investment. You need to learn methods such as cold wallet.

[pawel7777]

Bitcoin has never lost in the long run.

What exactly makes you think so? Bitcoin is currently down ~60% from its ath ($69k), so how can you claim it has never lost in the long run?
What you mean is that historically Bitcoin's price moved in cycles, with each cycle bringing new ath, but, as the things currently are, you cannot say that it has never lost, as that's simply incorrect.
Also, the belief that the price will keep moving in the same pattern forever is naive. It's simply not possible for it to move by a similar percentage each cycle, as everything has its limits.

[franky1]

Bitcoin has never lost in the long run.

What exactly makes you think so? Bitcoin is currently down ~60% from its ath ($69k), so how can you claim it has never lost in the long run?
What you mean is that historically Bitcoin's price moved in cycles, with each cycle bringing new ath, but, as the things currently are, you cannot say that it has never lost, as that's simply incorrect.
Also, the belief that the price will keep moving in the same pattern forever is naive. It's simply not possible for it to move by a similar percentage each cycle, as everything has its limits.

smart investors do not see the $69k all time high as a "value" point that has lost.
they see it as the temporary premium..

EG a bottom of $10k in 2021 that had a temporary hype of 6.9x
(flip your mindset to see the bottoms as the value, not the tops

for many years i have always evaluated bitcoin from its well tested BOTTOMS (not the highs)
EG 2017 was a $900 value not a $20k value
EG 2021 was a $10k value not a $69k value

if you look at value from the bottom and then understand things from the bottoms.. then you can then GAMBLE on your future by deciding when you buy in above the bottom which obviously if you buy in 2021 at $69k when the recent bottom was $10k(in 2021) that you will effectively be waiting 6.9x longer than if you did buy the bottom
because eventually the bottoms do rise to then out pace a previous high..


yes we are no longer in the 2011 era of a 100x spread. or in the 2017 era of a 21x spread
we are in an era of a 5x spread meaning it will take longer to reach 6.9x of old bottom becoming new bottom. and eventually after a few cycles this spread will be ~2x meaning people will need to control their emotions more and not buy the hypes(highs) as much and instead concentrate on buying the dips/corrections(near bottom)

[Smack That Ace]

Bitcoin has never lost in the long run.

What exactly makes you think so? Bitcoin is currently down ~60% from its ath ($69k), so how can you claim it has never lost in the long run?
What you mean is that historically Bitcoin's price moved in cycles, with each cycle bringing new ath, but, as the things currently are, you cannot say that it has never lost, as that's simply incorrect.
Also, the belief that the price will keep moving in the same pattern forever is naive. It's simply not possible for it to move by a similar percentage each cycle, as everything has its limits.

In 14 years of existence and development, bitcoin has had impressive growth, and anyone looking at it must be envious. But that cannot guarantee that in the future things will still happen and history will always repeat itself in such a simple way. If bitcoin investment is that easy as long as long term holding is sure to be profitable, then I will sell all my assets to invest in bitcoin without worry, LOL.

Like what is happening, when everyone knows bitcoin will increase in price after the halving? Is it that simple? Are we all going to get rich so easily?