Post
Topic
Board Bitcoin Discussion
Re: Dad's retirement money is invested in Bitcoin!
by
Rigon
on 01/06/2023, 06:35:04 UTC
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 is a very risky business. Invest the amount you can afford to lose. If you can invest based on these principles, you will invest. I would never consider the decision you made as a bad decision, it was a very good decision. But definitely tell your dad about the risks of bitcoin investing, then the volatility of the bitcoin market. Then if he agrees to invest then you invest bitcoins. But remember one thing you need to have a safe wallet for your investment. So that your investment cannot be hacked in any way.