Re: Dad's retirement money is invested in Bitcoin!

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.

In this case I think more than 20 percent should not invest. Because people well aware about Bitcoin but they cannot hold it various reasons. There is nothing to do if the wallet is hacked or something else. Moreover, retirement money of a person in one sense is considered the last earning money of any person by which he will survive till death. If that money is invested and lost then no one will suffer like him. When a young man loses money he can recover it by hard work but a retirement person cannot recover it if he loses his money. In this case I think he can invest some money in Bitcoin which he won't have any big problem if he loses.

15-20% is considerable but going beyond those numbers are already risky considering that we are talking about retirement money on here on which it should really be that sensibly well spent on things that should really be need to be prioritized first. We know that even how crypto space had flourished or succeed but still its not something that would really be giving out guarantees that it would really be successful in the future,
which means that if you do heavily invest or having that all in kind of approach then you are really that putting your money at huge risks. This is why risk management is really that crucial on these kind of times on which it is really just that right that you should really be that mindful about risk and dont be like a gambler when you are really approaching with investment, its not really that the same.

Explain it into your father and tell him about the basics and he might really be able to reconsider but if he chose or oppose such explanation then its better not to pursue and force him off.
Old geezers would really be tending to stick on to those traditional things.