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 your father's retirement pension on bitcoin is not a bad idea. But remember you should only invest the money that you only afford to lose because even bitcoin will give you a higher return there will be a much bigger risk. We all know that bitcoin has a huge potential. But if you are in need of money, investing your father's retirement money is not a good option because your father will not be happy if the price of it will go down to 50%. So try to figure this out with your father on what you should do on investing his money on bitcoin.