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.
I do not advise you to do this. You risk taking on extremely dangerous obligations. You need to risk only the money, the loss of which will not affect your family's well-being in any way. Which will not affect in any way also your ability to eat as you are used to, to pay for an apartment. Or buy clothes that you used to buy.
I am not a saint and I will say that I took a loan to buy cryptocurrency and now I think that I took a big risk. Although I was lucky then. I bought a cheap bitcoin. It is better to try to save extra money and invest after three or four months. To do this, you can find additional work, as I did. I have 3 part-time jobs, including full-time work. And I'm happy because I don't need money.