My grandfather has some wealth. Now my grandfather will invest all his wealth in Bitcoin. I told my grandfather not to invest all your wealth in Bitcoin. I suggested to my grandfather that Bitcoin not only has the potential for profit, but also the potential for loss. So you invest some wealth in Bitcoin. You don't have to sit on the street if your investment suffers.
My only question to all, was I able to give my grandfather the right advice??
You have given him a best advise of His entire life and maybe what are those funds he has are from His retirement benefits?
then that is better to be put in bitcoin as he needs to support his living for longer time .
and also what we need to be ready is to control Himself from losing his beliefs as it will take years before tasting the fruit of his investments.
and also try to lure Him from ranking altcoins like ethereum and binance for same long term holding .