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.
If your dad agrees with it I mean it wasn't that but investing in cryptocurrency or Bitcoin, is still a very risky investment if you ask me but it wasn't that bad you could probably earn a good amount of profit if you know what you're doing and you have the knowledge about it, just make sure that you know cryptocurrency not just investing on it because you know some people who get luck investing on it. I mean if you ask me investing a small percentage of your money in cryptocurrency is already great, if you have another source of income that could help sustain you depends on how you're going to budget just invest a small percentage and it's enough already. If you're going to buy right at the moment I mean it is still early so I think there is a lot of room to make a profit in the bull run so do it. At the same time investing in other investment that is safer than cryptocurrency something like passive income might be good, slowly you could earn a good amount to start your dream house for sure.