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.