Apart from bitcoin, all that remains is gambling and scams.
How is say Litecoin a scam and Bitcoin is not? Is LTC a scam just by virtue of not being Bitcoin?
Whatsoever he might had taught his dad is good but he needed to make the whole process simple and very plain since is day is a old papa
People age differently, some remain intellectually sharp even in the advanced age, look at Joe Biden... just kidding, look at Warren Buffet (92y.o.) or Charlie Munger (99y.o.). At the same time, IQ and attention span are on steady decline among younger generations. As evidenced by many posts in this very thread.
But yeah, at certain age being a long-term holder is kind of pointless.