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??
it is good that you explain to your father the character of Bitcoin and how the market moves. Some persons do not understand the market very well that is why they keep making mistakes and doing the wrong thing. They thought Bitcoin is everything and they don't need fiat to make savings. It is good to keep our food in different basket.